Freehill Mining Sets Record Monthly Sales and VSI Crusher Growth in Chile

Freehill Mining Hits Record Monthly Sales of $428K, Setting the Stage for Copper Growth

Freehill Mining Limited (ASX: FHS) has announced record monthly gross sales from its aggregates business, with April 2026 delivering $427,766 — a 23% jump month-on-month from March's ~$347,585. This Freehill Mining record monthly sales and VSI crusher growth in Chile milestone underscores the Company's accelerating operational momentum and reinforces the strategic logic behind its dual-track model: build cash flow through aggregates, then deploy it into high-quality copper-gold development.

The announcement comes on the back of a strong Q1 2026, where the aggregates division generated $923,000 in gross sales, with April alone now representing a new high-water mark for the business. Furthermore, with a larger Vertical Shaft Impact (VSI) crusher nearing commissioning, management is signalling that the best may still be ahead.

Six Months of Momentum: The Numbers Tell the Story

The six-month sales trajectory across Freehill's two Chilean aggregates sites — Islón and Yerbas Buenas — paints a compelling picture of a business finding its operational footing and accelerating.

Note: Site-level figures are derived from the 6-month bar chart in the announcement. Totals are as reported.

The consistent upward trend across both sites signals more than a one-month spike. Islón, Freehill's primary processing hub, has steadily expanded its contribution, while Yerbas Buenas has consequently maintained a reliable baseline of supply to cement and industrial customers.

"April's record sales demonstrate the tangible benefits of the operational improvements we've implemented. As the new VSI comes online, we expect a marked increase in sustainable throughput and a meaningful reduction in unit costs — outcomes that will both strengthen margins today and provide the cashflow to progress our high-quality copper opportunities," said Managing Director Paul Davies.

What Is a Vertical Shaft Impact Crusher — and Why Does It Matter?

For investors less familiar with aggregate processing, understanding the VSI crusher is key to appreciating why this operational upgrade is significant.

How Does a VSI Crusher Work?

A Vertical Shaft Impact (VSI) crusher is a high-speed machine that breaks rock by throwing material against a hard surface at velocity, producing consistently shaped, high-quality aggregate particles. It is particularly effective for producing fine, angular material used in construction, road base, and industrial applications.

Why Does the Upgrade Matter?

• A larger VSI means the plant can process greater volumes of rock per hour, directly increasing potential sales throughput
• Higher capacity equipment typically delivers lower unit costs per tonne, improving margins on every dollar of revenue
• More consistent product quality helps Freehill retain and scale relationships with blue-chip cement and industrial customers
• It removes a key production bottleneck, allowing the business to convert its existing inventory more efficiently into sales

What Does This Mean for Investors?

With the new VSI nearing full commissioning, the April record may not represent the ceiling. Management is explicitly guiding that this upgrade is expected to deliver material uplift in throughput and sustained top-line growth in coming months — making this a near-term operational catalyst with direct financial implications. In other words, the Freehill Mining record monthly sales and VSI crusher growth in Chile story is far from over.

Glossary of Key Terms

The Dual Strategy: Aggregates Fund Copper

What sets Freehill apart from typical junior explorers is the deliberate architecture of its business model. Rather than relying solely on capital markets to fund exploration, the Company is building a self-funding loop — aggregates generate operating cash, which funds copper-gold project advancement, which in turn creates shareholder value.

The Aggregates Engine

• Two operating sites: Islón (primary processing) and Yerbas Buenas (steady contributor)
• Customers include blue-chip cement and industrial companies in Chile's Region IV
• Sales growing consistently, with April now at record levels
• New VSI crusher expected to add further throughput and margin capacity

The Copper-Gold Pipeline

Blanco y Negro is identified as the priority near-term development target. Its existing Exploitation Permits and proximity to established processing infrastructure reduce the capital and time requirements typically associated with bringing a copper project into production.

The Chairman noted that several workstreams relating to Blanco y Negro are nearing completion, with a pending update expected from the Company.

"The aggregates business is starting to deliver the commercial performance we anticipated, creating a robust platform to replicate our low-capex, fast-start model into copper. Freehill now has considerable momentum. As a junior explorer and developer with a growing cash-generating aggregates business supplying multiple blue-chip companies, we have a competitive advantage in this region of Chile," said Chairman Ben Jarvis.

What Comes Next: Near-Term Catalysts to Watch

Investors tracking FHS should, however, be aware of several near-term developments flagged in the announcement:

1. VSI Crusher Full Commissioning — The new, larger VSI is described as being days away from becoming fully operational. Investors should watch for throughput data and sales figures in the coming monthly or quarterly updates.

2. Blanco y Negro Update — The Chairman explicitly noted that workstreams on the flagship copper project are nearing completion after slight delays. A pending formal update is anticipated, which could include mine planning progress, development timelines, or other material project information.

3. Continued Sales Growth — Management has guided that gross sales are expected to continue growing, barring unforeseen circumstances. The May and June figures will consequently be watched closely as the upgraded plant ramps up.

4. Margin Improvement — As unit costs decline with higher throughput, gross margin improvement should follow. This has direct implications for the Company's capacity to self-fund copper project activities.

Why Investors Should Keep FHS on Their Radar

Freehill Mining occupies an unusual position in the junior mining landscape. Most companies at this stage are entirely dependent on exploration success and capital raises to survive. FHS has instead built a revenue-generating commercial operation that is now demonstrably scaling — and using that cash flow as a launchpad into copper-gold development.

The Freehill Mining record monthly sales and VSI crusher growth in Chile narrative is, furthermore, supported by a series of compelling fundamentals. Key reasons to follow this company include:

• Proven and growing revenue base: Six months of consistently rising aggregate sales, now at a record $428K per month
• Near-term operational uplift: VSI commissioning is a concrete, near-dated catalyst — not a multi-year promise
• Copper assets with existing infrastructure advantages: Blanco y Negro's Exploitation Permits and proximity to third-party processing plants reduce development risk and cost
• Capital discipline: The low-capex, fast-start model management references is actively being demonstrated, not just described
• Geographic focus: Chile's Region IV is an established, mining-friendly jurisdiction with developed infrastructure
• Pending news flow: The Blanco y Negro update flagged by the Chairman adds an exploration/development catalyst layer on top of the operational momentum story

"Freehill Mining (ASX: FHS) has built something rare in junior mining: a self-funding commercial operation that is now hitting record revenues and accelerating. With the VSI crusher upgrade imminent, continued sales growth expected, and a material Blanco y Negro project update on the horizon, FHS is entering a period of concentrated news flow and operational inflection. Investors seeking exposure to copper-gold development backed by real, growing cash flow should be paying close attention."

Ready to Explore What Freehill Mining Is Building in Chile?

With record monthly sales of $428K, a larger VSI crusher days from full commissioning, and a material update on its flagship Blanco y Negro copper-gold project on the horizon, Freehill Mining (ASX: FHS) is entering one of its most significant operational periods to date. Investors seeking exposure to a self-funding junior miner with real revenue growth and a credible pathway into copper-gold development should take a closer look. Visit freehillmining.com to learn more about the Company and its projects.