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Freehill Mining Limited (ASX:FHS)

ALERT: Price-sensitive ASX Announcement for FHS
Current share price for FHS : $0.001 -0.001 (-50%)+
Announcement
Release
15 Jul 2026 9:18AM
Price at Release
$0.002
Full Release
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Summary
Freehill Mining Limited reported a significant increase in aggregate sales, achieving a record $1.35 million in the June quarter, up 47% from the previous quarter. This growth was driven by investments in plant and equipment, enhanced logistics, and rising demand from the local cement industry. The company aims to continue this growth by improving plant uptime and maintenance, expanding product stockpiles, and making strategic infrastructure investments. This success underpins Freehill's strategy to develop its copper projects, with plans for expansion in the La Serena/Coquimbo region. The company is optimistic about further scaling its operations and enhancing margins through logistical improvements and power infrastructure investments.
Key Points
  • Aggregate sales reached a record $1.35 million in the June quarter, marking a 47% increase from the previous quarter.
  • June's sales alone accounted for $496,107, setting a new monthly record for the company.
  • Investment in plant and equipment, improved logistics, and increased demand from the cement industry were key drivers of sales growth.
  • Future sales growth will focus on increasing plant uptime, improving preventative maintenance, and reducing reliance on just-in-time deliveries.
  • There is potential to enhance margins further by securing additional feedstock closer to the Islon plant and investing in transport logistics and mains power.
  • The aggregates business supports Freehill's strategy to develop its copper projects, particularly the Blanco y Negro mining operation.
  • Freehill is optimistic about expanding its operations in the La Serena/Coquimbo region and beyond.
  • The company's strategy involves scaling its aggregates business while advancing copper-gold assets with development potential.
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.