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Freehill Mining Limited (ASX:FHS)

ALERT: Price-sensitive ASX Announcement for FHS
Current share price for FHS : $0.002 -0.001 (-25%)+
Announcement
Release
30 Apr 2026 9:55AM
Price at Release
$0.002
Full Release
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Summary
The Quarterly Activities Report for Freehill Mining Limited for the period ended 31 March 2026 highlights significant sales growth, reflecting a 59% increase in gross sales to $923,000 compared to the previous quarter. The company also reported a 74% rise in cash receipts, amounting to $730,000. The report indicates a strengthening aggregates business entering a growth phase, supported by reduced production costs and strategic plant upgrades, including the installation of a new Vertical Shaft Impact Crusher to boost production capacity. Additionally, Freehill completed a $1.5 million placement to fund exploration projects and processing capacity expansion. The company has secured option agreements for copper projects, Blanco y Negro and Joshua, positioning itself for future growth. Operational improvements and increased capacity are expected to continue driving financial performance.
Key Points
  • Gross sales increased by 59% to $923,000.
  • Cash receipts rose by 74% to $730,000.
  • Fourth consecutive quarter of increasing sales.
  • Completed plant refurbishment and installed new VSI crusher.
  • Completed $1.5 million placement for growth projects.
  • Secured option agreements for Blanco y Negro and Joshua projects.
  • Focus on margin improvement and cash generation.
  • No debt and held $400K worth of unprocessed stock.
  • Labour Court in Chile dismissed claims related to a 2024 incident.
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.