Freehill Mining Limited has provided an updated update on its Yerbas Buenas magnetite mine and the adjoining El Dorado copper‐gold‐magnetite project in Chile. The company detailed its progress toward recommencing production at the Yerbas Buenas mine, outlining that stage one operations will resume under an existing small-scale permit allowing for 5,000 tonnes per month. An experienced engineer has been appointed to manage mine planning, while new pit design work and both capital expenditure and operating expenditure estimates are being defined. The permitting process, which is expected to take between 90 and 120 days, will set the stage for scaling up production once the initial operation proves stable and profitable. The announcement also highlighted encouraging results from multiple sampling programs. A recent bulk sampling produced a 400kg sample of magnetite with a high grade of 65.75% Fe when crushed to 6 millimetres. In addition, sampling at the adjoining El Dorado project returned magnetite values ranging from 34.6% Fe up to 50% Fe, suggesting further exploration could also reveal copper and gold potential. Gold assay results from these efforts are pending, and the company has furnished detailed tables and imagery to support these findings, illustrating both surface sampling and trenching work underway on the projects’ tenements, which cover approximately 1,300 hectares. Bullish sentiment centers on the robust progress Freehill Mining Limited is making on its near-term mining restart. The high-grade magnetite result of 65.75% Fe, complemented by strong results at El Dorado, reinforces the company’s low capex, fast ramp-up strategy. Investors may be encouraged by the strategic appointment of experienced personnel and the clear path to production under a regulated permit extension, which should build further confidence in the company’s ability to generate revenue from established assets. On the bearish side, some caution is warranted due to the early stage of the exploration and redevelopment process. The reliance on surface sampling and trenching, rather than extensive drilling, can introduce uncertainties regarding the continuance of high-grade mineralisation underground. Additionally, pending gold assay results and the need for further detailed metallurgical and geotechnical work suggest that while the project is promising, risks remain until more comprehensive resource estimates and permitting milestones are achieved.