Exploration for gold and
battery metals
West Pilbara
Red Hill site

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.

(1) Refer RHM and Mineral Resources Limited ASX announcements dated 30 July 2021
(2) Refer Mineral Resources Limited ASX announcements dated 26 July 2023

Latest ASX Announcements

January 29
Quarterly Activities/Appendix 5B Cash Flow Report
December 15
RC Drilling extends gold system at the Barkley Prospect
November 24
Results of Meeting