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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 (100%)+
Announcement
Release
9 Jul 2026 9:06AM
Price at Release
$0.001
Full Release
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Summary
Freehill Mining Limited has signed a non-binding Memorandum of Understanding (MOU) with Austral Gold Limited to collaborate on the identification, evaluation, acquisition, exploration, and development of mining projects in Chile, focusing on copper and copper-gold systems. This strategic move aims to accelerate Freehill’s expansion into copper, a key resource in the energy transition, while continuing to grow its aggregates business. The MOU outlines potential cost-plus services and possible compensation in Freehill shares to Austral, among other commercial terms, and both parties plan to negotiate binding agreements following successful due diligence.
Key Points
  • Freehill Mining Limited has signed an MOU with Austral Gold Limited.
  • The collaboration focuses on mining projects in Chile, particularly copper and copper-gold systems.
  • Austral Gold provides technical, operational, and regulatory expertise.
  • The MOU is non-binding and aims to expedite project evaluation and development.
  • Freehill seeks to expand into copper as part of its strategic growth.
  • Both companies will negotiate definitive agreements for specific projects upon successful due diligence.
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.