Freehill Mining’s Late Director Interest Notice Breaks ASX Deadline
Freehill Mining Limited has addressed an ASX query over the late filing of a director’s interest notice, attributing the delay to an administrative oversight and reaffirming its compliance protocols.
- Late Appendix 3Y lodged due to administrative oversight
- Director Ben Jarvis’s interest change notified after ASX deadline
- Company reiterates directors’ contractual disclosure obligations
- Assurance given that compliance processes are adequate
- Directors reminded to prevent future disclosure delays
Background to the Disclosure Delay
Freehill Mining Limited (ASX, FHS), a mining and exploration company focused on projects in Chile, recently responded to an ASX compliance query regarding the late lodgement of an Appendix 3Y – Change of Director’s Interest Notice. The notice concerned a change in the notifiable interest of Non-Executive Chairman Ben Jarvis, which occurred on 10 October 2025 but was only reported to the ASX on 28 October 2025, well past the required five-business-day window.
Company’s Explanation and Compliance Measures
In its formal response, Freehill Mining attributed the delay to an administrative oversight. The company stated that upon becoming aware of the issue, it acted promptly to lodge the required notice. It emphasized that directors are contractually obliged to notify the company of any changes in their interests to enable timely disclosure in line with ASX Listing Rules 3.19A and 3.19B.
Freehill also reassured the market that it believes its current arrangements are sufficient to ensure future compliance. All directors have been reminded of their disclosure obligations to prevent recurrence of such delays. This response aims to address concerns about governance and regulatory adherence, which are critical for maintaining investor confidence.
Regulatory Context and Potential Implications
The ASX’s Listing Rules require listed entities to disclose changes in directors’ interests within five business days to promote transparency and market integrity. Failure to comply can trigger regulatory scrutiny and potentially impact a company’s reputation. While Freehill’s explanation points to a procedural lapse rather than deliberate non-compliance, the incident underscores the importance of robust internal controls.
For Freehill Mining, which is advancing its Yerbas Buenas magnetite project and other exploration ventures in Chile, maintaining strict compliance with disclosure obligations is essential. Investors will be watching closely to see if the company’s assurances translate into more timely filings going forward.
Bottom Line?
Freehill Mining’s swift response to the ASX query highlights governance vigilance, but future disclosure timeliness remains under watch.
Questions in the middle?
- What specific steps will Freehill take to strengthen its internal compliance controls?
- Could this administrative oversight affect investor confidence in Freehill’s governance?
- Will there be any further ASX scrutiny or penalties following this late disclosure?
