Freehill Mining Limited provided an update on exploration and project development activities for the company's 100%-owned Yerbas Buenas magnetite project and its highly prospective adjoining El Dorado copper gold asset. The Company's new corporate and technical teams have been working productively to ensure works at both projects advance in a timely manner. Yerbas Buenas Update: The company currently has two work streams underway to advance Yerbas Buenas - progressing the development of the YB6 Magnetite Project (`YB6'), and assessing the viability of the recommencement of trial mining operations at the original YB1 Magnetite Mine. Environmental work and permitting necessary to commence the planned infill drill program at YB6 are underway with all necessary reports being prepared for submission to the relevant authorities. Infill drilling at YB6 is being undertaken to refine both the geological and mine modelling for the project. Additional assaying of the 2019 drill core is being undertaken and desk top work is also ongoing to better define the relevant models. El Dorado Update: A number of exploration initiatives are now underway across the El Dorado project with a follow-up drill program likely to commence in late April 2021 subject to final approvals being received. A geological survey of the southern portion of El Dorado has recently been completed, with follow up work in progress to finalize the survey results. The survey results will be integrated with the past 2020 geophysical survey results to best define drill locations for the company's upcoming drilling program at El Dorado. The Company is in the process of finalizing the drilling contract, with settlement of the drill holes location required to formalize the contract, and will update the market accordingly. Commencement of the El Dorado Environmental Baseline Study, a requirement for the initial drilling on the El Dorado tenements, will commence early next week and is expected to take around two weeks to complete. Once drillholes are finalized, the drilling contract signed and the baseline study completed, an application will be made to Chilean mining authority Sernageomin for drilling approval. The Company estimates that the drilling approval process will take approximately two weeks and updates on its progress will be provided to the market in due course.