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Freehill Mining Limited (ASX:FHS)

ALERT: Price-sensitive ASX Announcement for FHS
Current share price for FHS : $0.001 -0.003 (-75%)+
Announcement
Release
30 Jan 2026 4:26PM
Price at Release
$0.004
Full Release
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Summary
Freehill Mining Limited reported its quarterly cash flow for the period ending 31 December 2025. The report outlines a net operating cash outflow of $382,000, with significant expenses in exploration and evaluation. The company successfully raised $540,000 from equity issues, resulting in a net cash inflow from financing activities. Despite this, cash reserves dwindled to $26,000 by the end of the quarter. Freehill has access to a factoring facility of $213,000, remaining unused at the quarter's end, which, combined with current cash, offers funding for only 0.56 quarters of operation. The company is actively pursuing additional fundraising efforts to support its ongoing projects and potential new developments in copper mining.
Key Points
  • Freehill Mining Ltd reported a net cash outflow from operating activities of $382,000 for the current quarter.
  • Payments for exploration and evaluation during the quarter amounted to $38,000.
  • Financing activities provided a net cash inflow of $482,000.
  • Proceeds from the issue of equity securities totaled $540,000.
  • Cash and cash equivalents at the end of the period were $26,000.
  • The company has a factoring facility available, with $213,000 unused at the end of the quarter.
  • Estimated funding available covers approximately 0.56 quarters of operations.
  • The company is negotiating fundraising to support operations and a new copper project.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.