Freehill Mining Limited is progressing steadily in advancing its Yerbas Buenas magnetite mine project in Chile along with exploration activities at the adjoining El Dorado Cu-Au-Fe asset. The company, which holds 100% ownership of the Yerbas Buenas project, is now focused on restarting mining under a small-scale Stage 1 operation. Under the guidance of experienced engineer Jaime Varela, the company has submitted plans to extend its current permit to extract 5,000 tonnes per month. An updated pit design is in development for submission to the Chilean mining authority, Sernageomin, as the team works to define both capital and operating expenditures while assessing the economic viability for this first stage. Technical tests continue to yield promising results. A 400 kg bulk sample crushed to 6 millimetres recorded an impressive 65.75% iron (Fe) content, and further testing is planned using 3 mm and 5 mm crushing sizes to explore if even higher grade concentrates can be produced with minimal additional costs. Concurrently, sampling at the El Dorado project has returned encouraging magnetite results, with assays revealing grades above 50% Fe in some areas. These technical indicators, along with the ongoing bulk sample marketing to potential off-takers, underline the project’s potential for generating revenue in the near term. The development strategy for Yerbas Buenas is clear. The focus is first on establishing a stable Stage 1 operation under the current permit. Once profitability is demonstrated through sustaining sales volumes and optimized cost–benefit ratios in the bulk sampling program, Freehill Mining will then seek permits for a scaled-up operation to commercially exploit the broader resource base. The mine planning work is supported by approved procedures that adhere to industry standards, including rigorous sampling techniques and QAQC protocols as per JORC Code guidelines. This diligent approach offers confidence in the technical soundness of the project and the quality of the assay data provided. Bullish versus bearish sentiment based on the announcement is mixed but leans toward optimism. Bullish factors include the high grade of magnetite seen in the initial samples, strong progress with mine planning and permitting, and a clear path to revenue generation via a low capex small-scale restart. Conversely, there are inherent risks, such as permitting delays and the challenges of scaling operations beyond Stage 1 once initial conditions are met. For beginner traders, these technical improvements and management’s clear strategy may signal a cautious opportunity, though any potential setbacks in the permitting process or operational costs should be closely monitored.