Welcome to Red Hill Minerals Limited (ASX: RHI)

Red Hill Minerals is a well-funded, successful and established explorer having recently sold in September 2021 its 40% interest in the Red Hill Iron Ore Joint Venture to Mineral Resources Limited (ASX: MIN) for $400M in cash and a 0.75% royalty ⁽¹⁾. $200M was paid in September 2021 and the second $200M cash payment is payable on the first commercial shipment of iron ore by the RHIOJV and the royalty will commence from that date. Mineral Resources Limited are targeting June 2024 for first iron ore export from the Ashburton Hub ⁽²⁾

Red Hill Minerals has retained 100% of the rights to non-ferrous minerals on the RHIOJV tenements, including precious and battery metals, and is now increasing its level of exploration activity.

Red Hill Minerals also own 100% of the Pannawonica Iron Ore Project and a hard rock quarry resource both of which are in the West Pilbara.