Red Hill Minerals and Peel Mining Limited have entered into an Earn-In JV where RHI can earn 75% from PEX by spending $6.5M within 5 years. The Curnamona Project comprises the Broken Hill Project (NSW) and the Anabama Project (SA). Both are prospective for precious and base metals, with previous exploration identifying numerous occurrences and multiple types of mineralisation.
Broken Hill Project
Since commencing the Earn-In, the Company has undertaken a comprehensive review of existing exploration data, reprocessed key geophysical datasets and acquired several new datasets, notably a 1,875 line-kilometre airborne magnetotelluric (MMT) survey, as well as gravity and ground electromagnetic surveys.
These datasets have been instrumental in assessing cover thickness, interpretation of structural geology at depth, informing target modelling and aiding in the planning of a maiden diamond drillhole program completed in 2025.
Anabama Project
Following an extensive review of existing data, the Company completed two IP surveys over previous drilling and along the Anabama-Redan Shear Zone. This informed a maiden diamond drillhole program completed in 2025.
Review of results from both projects, as well as further geological interpretation and planning, is currently underway.