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Freehill Mining Strengthens Chile Copper Strategy Through Austral Gold Partnership

Freehill Mining Limited (ASX: FHS) has entered into a non-binding Memorandum of Understanding (MOU) with Austral Gold Limited (ASX: AGD) to jointly identify, assess and advance copper and copper-gold projects across Chile. The collaboration is designed to accelerate Freehill’s expansion into the copper sector by leveraging Austral Gold’s technical expertise, operational experience and established presence in South America. The agreement complements Freehill’s existing optioned assets, including the Joshua Copper-Gold Porphyry Project and the Blanco y Negro Project, while supporting the search for additional high-potential opportunities.

The partnership is expected to reduce project evaluation risk and improve development efficiency as Freehill continues building its copper portfolio, a commodity benefiting from strong long-term demand driven by the global energy transition. Any future project agreements will remain subject to due diligence and separate binding arrangements. Importantly, the collaboration does not affect Freehill’s aggregates business, which continues to generate steady revenue and remains a key growth platform. Management believes the combined expertise will strengthen project execution while supporting long-term shareholder value creation.

 

 

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