Highlights

  • Receipts from customers were $1.107 million for the quarter.
  • Net cash from financing activities was $536,000, including $540,000 in equity proceeds.
  • Closing cash increased to $459,000 at 30 September 2026, up from $157,000.
  • The company estimates about five quarters of funding, including factoring facilities.

Freehill Mining Ltd (ASX:FHS) has released its Appendix 5B quarterly cash flow report for the quarter ended 30 September 2026. The report shows customer receipts from its operations, an increase in cash following an equity raising and continued access to factoring facilities for its Chilean invoices.

Operating Cash Flow

Receipts from customers totalled $1.107 million during the quarter. Production payments were $896,000, staff costs were $201,000 and administration and corporate costs were $150,000. After other items, net cash used in operating activities was $189,000.

Investing outflows were $47,000, comprising $31,000 for property, plant and equipment and $16,000 for exploration and evaluation.

Equity Raising and Financing

Net cash from financing activities was $536,000. This included $540,000 in equity proceeds received during the quarter for shares issued on 22 October 2026, less $24,000 in transaction costs. The company also drew $194,000 in borrowings and repaid $158,000.

Freehill uses factoring facilities for invoices issued in Chile, with about $506,000 of debtors at 30 September 2026. The company stated that "given the status of invoices in Chile as government authorised documents factoring facilities are readily available."

Cash Position and Funding Runway

Closing cash at 30 September 2026 was $459,000, up from $157,000 at the start of the quarter. Payments to related parties totalled $34,000, all for directors' fees.

Including unused facilities, the company estimates total available funding of $954,000 and about five quarters of funding based on current outgoings. The report did not set out specific project milestones, with further detail referenced in the accompanying activities report.

Key Takeaways

  • Freehill generated $1.1 million in customer receipts during the quarter.
  • An equity raising lifted closing cash to $459,000.
  • Factoring facilities for Chilean invoices support the company's working capital.
  • The company estimates about five quarters of available funding.