Freehill Mining Limited provided an update on magnetite concentrate sales from its 100%-owned Yerbas Buenas magnetite mine in Chile. The Company confirms that the initial delivery of 2,500 tonnes of magnetite ore to Compania Minera Del Pacifico S.A. has been completed successfully. The delivery constitutes part of an off-take agreeme nt with CMP - a subsidiary of Chile's large iron ore producer - under which Freehill will deliver an initial total of 24,000 tonnes of magnetite concentrate.

Daily deliveries remain ongoing as part the agreement, and overground transport logistics operated efficiently throughout the first two weeks of daily sales to CMP. Each delivery was executed on time, with confirmation of receipt by the end-customer. The efficient delivery processes can be attributed to the extensive groundwork carried out by Freehill in cooperation with CMP, including detailed transport approvals from local regulators.

Transport logistics plans also required effective solutions for inventory management and delivery infrastructure, including trucking procurement and mapping of transport logistic routes. With established delivery processes now formally in place, the Company has successfully de-risked its operations and converted Y.B. from an exploration project into a cash-generating asset. While the immediate focus is to ensure the smooth delivery of the balance of the initial 24,000 tonne offtake with CMP, Freehill's focus is to secure additional supply to CMP and lock in additional sales contracts with new customers in the months ahead, as it consolidates its position.