Highlights

  • Freehill Mining reported steady gross sales from its Islon and Yerbas Buenas aggregates operations despite weather-related disruptions in Chile.
  • The company recorded August sales recovery across key products including Gravilla 3/4", 10mm sand and fine sand.
  • Freehill is progressing expansion of its aggregates Business while advancing copper development initiatives at Yerbas Buenas.
  • The company is assessing potential infrastructure Supply opportunities linked to regional rebuilding activity.
  • Freehill confirmed continued work on the Blanco y Negro mine plan submission with Chilean authorities.

Freehill Mining Limited (ASX:FHS) has provided an update on its Chilean operations, highlighting continued recovery across its aggregates business following weather-related disruptions and outlining progress across its broader growth strategy, including copper development at Yerbas Buenas. The company said operations at its Islon and Yerbas Buenas sites were impacted during July and August by severe weather conditions in the Coquimbo Region, with activities now moving through a recovery phase.

Freehill Mining (ASX:FHS) was trading at AUD 0.0010, unchanged at 0.00%, during the morning Trading session on 2 September 2026.

Operations Recover

Freehill said July represented a softer period for the aggregates business as prolonged rainfall and regional infrastructure disruption affected customer access and operational activity. The company noted that a slow-moving weather system resulted in record rainfall in parts of the Coquimbo Region, with transport routes impacted and Chile declaring emergency measures during the event.

The disruption affected the movement of materials from regional quarries and contributed to lower gross sales during the month. However, Freehill highlighted that customer Demand remained stable throughout the period.

August saw sales improve as operations gradually recovered, with Revenue generated across three major product categories: Gravilla 3/4", 10mm sand and fine sand. The company said the recovery was broad-based rather than reliant on a single product category.

Freehill’s monthly sales data showed continued activity across its operations between March and August 2026. The company reported sales of AUD 457,162 in August, compared with AUD 329,422 in July. Earlier monthly sales figures included AUD 496,107 in June, AUD 432,272 in May and AUD 347,585 in April.

Infrastructure Opportunity

The company said damage caused by recent flooding may create opportunities for its aggregates business, with construction materials expected to play a role in regional infrastructure rebuilding activities.

Freehill highlighted that its existing operating footprint, processing capability and logistics network position the business to support potential demand from infrastructure-related projects in the Coquimbo and La Serena regions.

The company also pointed to the recently announced approval of the large-scale Dominga Mine near the Yerbas Buenas processing and materials site as a potential opportunity for Freehill to supply materials required for associated infrastructure development.

Freehill said its aggregates business remains a foundation for its wider expansion strategy, providing an operating platform as the company continues to assess opportunities within Chile’s mining sector.

Copper Strategy

Alongside its aggregates operations, Freehill continues to advance its copper strategy, with work progressing at the Yerbas Buenas copper project under recently appointed engineer Marco Meneses.

The company confirmed that preparation of the mine plan submission for the Blanco y Negro project is advancing with SERNAGEOMIN, Chile’s Geological Authority. A recent site visit reviewed aspects of the submission including access, infrastructure and tunnelling requirements, particularly in light of the recent weather impacts.

Freehill said its established presence in the Coquimbo mining corridor, combined with local operational experience, provides a platform as it progresses copper development opportunities.

The company also referenced proposed changes to Chile’s small-scale mining framework, which could increase permitted throughput limits from 5,000 tonnes per month to 10,000 tonnes per month. Freehill said the proposed changes may provide additional scope for smaller operators to expand copper production activities.

Management Commentary

Freehill Managing Director Paul Davies said the aggregates business demonstrated operational resilience during the severe July weather disruption and that revenue recovery during August reflected improving conditions and continued customer demand.

“Our aggregates business remains a core growth platform for Freehill,” Mr Davies said, adding that the company is focused on supporting infrastructure, construction and mining activity in the Coquimbo Region while assessing opportunities to expand its operating model across Chile.

Non-Executive Chairman Ben Jarvis said Freehill’s existing infrastructure, logistics capability and regional operating presence provide a foundation as the company advances its copper strategy.

Mr Jarvis noted that potential changes to Chile’s small-scale mining framework could provide a pathway to increase throughput capacity and support future copper development plans.

Investor Takeaway

Freehill Mining’s latest update highlights the recovery of its aggregates operations following weather-related disruption while the company continues to develop its longer-term copper strategy. Investors may continue watching the pace of sales recovery, expansion of the aggregates business, progress on copper project development and regulatory developments affecting small-scale mining activity in Chile.

The company remains focused on building its aggregates platform while advancing copper opportunities across its Chilean portfolio.