Freehill Mining Posts Record April Aggregate Sales Up 23 Percent

Record Sales Highlight Operational Momentum

Freehill Mining Limited (ASX:FHS) has reported its highest ever monthly gross sales for its aggregates business, achieving $427,766 in April 2026, a 23% increase from March’s $347,585. This surge reflects tangible benefits from targeted process improvements and stronger sales conversion across its two Chilean sites, Islón and Yerbas Buenas. The company’s aggregates division is clearly gaining traction, building on the 59% quarterly sales jump reported in late April and sustained growth over the past six months.

Management credits operational upgrades, including plant efficiency gains, for this performance. The installation and commissioning of a larger Vertical Shaft Impact (VSI) crusher is nearing completion, which is expected to materially boost throughput and reduce unit costs once fully operational. This equipment upgrade is pivotal to scaling Freehill’s aggregates capacity and improving margin profiles.

Aggregates Business as a Cash Engine for Copper Ambitions

The cash flow generated from the aggregates business is not an end in itself but a strategic foundation for advancing Freehill’s copper projects, notably the Blanco y Negro deposit. This site, with a JORC-2012 resource of approximately 1.5 million tonnes grading 1.4% copper and 0.5 grams per tonne gold, is positioned as a small-scale mining operation leveraging its exploitation permits and proximity to third-party processing plants. The aggregates business’ steady contribution and margin improvement at Islón, combined with Yerbas Buenas’ output, provide the financial muscle to accelerate mine planning and exploration activities.

Freehill’s Managing Director Paul Davies highlighted that the new VSI crusher’s commissioning will underpin a "marked increase in sustainable throughput and a meaningful reduction in unit costs," outcomes that will strengthen margins and fund copper project development. This operational progress aligns with the company’s disciplined growth approach, balancing cash generation with measured advancement of its copper-gold portfolio.

Strategic Positioning in Chile’s Mining Landscape

Chairman Ben Jarvis emphasized the commercial performance of the aggregates division as a robust platform to replicate Freehill’s low-capex, fast-start model into copper. The company is working diligently to advance Blanco y Negro, with some workstreams nearing completion after minor delays, setting the stage for an upcoming project update. Freehill’s dual focus on cash-generating aggregates and milestone-driven copper exploration provides a competitive advantage in Chile’s Region IV mining corridor.

This recent record sales update follows a series of operational improvements and capital raises, including a $1.5 million placement earlier in the year to fund exploration and processing expansion. The aggregates business growth, including the near doubling of production capacity with the new VSI crusher, is a key enabler for Freehill’s copper ambitions and underpins its strategy to deliver shareholder value through disciplined project advancement and cash flow generation.

Freehill’s aggregates sales trajectory and equipment upgrades continue to build on the strong quarterly momentum reported in April, reinforcing the company’s position as a growing cash flow generator in the Chilean mining sector. The company’s next steps will be closely watched for operational results post-VSI commissioning and tangible progress on copper project milestones.