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Freehill shares rise on extending iron ore off-take deal for Chilean project

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Freehill shares rise on extending iron ore off-take deal for Chilean project

Freehill Mining Ltd. said March 30 that it has amended the original iron ore off-take agreement with CAP SA to extend the supply from the Yerbas Buenas project in Chile until the end of 2017.

The ASX-listed company's shares were up 12% on March 29.

The company noted that deliveries of iron ore have commenced, as the effective off-take agreement ensures that Freehill will continue expanding its mining operations and licensing requirements.

Freehill started trading on the Australian bourse Jan. 16 after raising over A$4 million.