Freehill mining is a small scale producer of Iron ore and waste for concrete.
They have several high grade iron ore deposits within the Yerbas Buenos area with two out of seven deposits defined.
In the last few years Freehill has changed direction from iron ore production to producing waste material from mining to supply Cementos Melón in Chile.
Revenue growth has been increasing quarter on quarter but profit margins are moderate to low.
Magnetite operations
Alongside the scale-up of its waste material operations, Freehill also advanced its strategy to recommence magnetite mining operations at Y.B. with the procurement of key equipment. The restart of magnetite mining is expected to complement the group’s existing momentum in waste material sales, as the best- margin market for magnetite is within the construction sector to our existing clients.
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