Freehill Mining Limited (ASX:FHS) has filed an update to its previously announced non-renounceable pro rata entitlement offer, extending the closing date from 13 November 2026 to 27 November 2026, according to an Appendix 3B lodged with ASX on 10 November 2026.

Key Points

  • Closing date for the non-renounceable entitlement offer extended from 13 November 2026 to 27 November 2026
  • Maximum number of ordinary fully paid securities proposed to be issued is 606,943,323, subject to rounding
  • Offer price is AUD $0.00100 per security, with securities issued at a ratio of 10 new shares for every 67 held
  • Funds raised are intended for the Blanco y Negro Option payment, land purchase deposit and electrification, trucks and plant, and general working capital

Entitlement Offer Extension Details

The update, which amends a previous Appendix 3B lodged on 15 October 2026, extends the offer closing date by approximately two weeks. The last day to further extend the offer closing date is disclosed as 24 November 2026. Trading in new securities on a deferred settlement basis is scheduled to commence on 30 November 2026, with the issue date and last day for the company to announce results of the pro rata issue set for 4 December 2026. Normal T+2 trading is scheduled to begin on 7 December 2026, with first settlement on 9 December 2026.

Offer Structure and Subscription Terms

The offer is structured as a non-renounceable pro rata entitlement issue of ordinary fully paid securities (ASX code: FHS), with an offer ratio of 10 new securities for every 67 existing securities held. The record date was 20 October 2026, and offer documents were sent to eligible security holders on 23 October 2026. Fractional entitlements will be rounded up to the next whole number. The offer permits individual security holders to apply for more than their entitlement, with oversubscription and scale back arrangements detailed in the Offer Booklet. The new securities will rank equally in all respects with existing issued securities in the same class from their issue date.

Use of Proceeds and Eligibility

According to the filing, the company intends to use cash raised from the offer for the Blanco y Negro Option payment, a land purchase deposit and electrification, trucks and plant, and general working capital. The offer will not be made to security holders in countries other than Australia and New Zealand. The offer is not underwritten, and no lead manager or broker handling fee or commission is disclosed. The company stated that fees and costs in connection with the offer include standard share registry, external adviser, and ASX administrative fees.