InvestSMART

Red Hill Minerals Limited (ASX:RHI)

ALERT: Price-sensitive ASX Announcement for RHI
Current share price for RHI : $4.560 -0.37 (-7.51%)+
Announcement
Release
27 Jan 2026 8:19AM
Price at Release
$4.930
Full Release
download
Summary
Red Hill Minerals Limited announced the results of its maiden exploration drilling at the Anabama Copper-Gold Project in South Australia. The drilling confirmed the presence of copper-gold mineralisation, including a notable intercept of 20.0 metres at 0.6% copper, 0.2 grams per tonne gold, and 3.0 grams per tonne silver. The findings, derived from drillhole 25ANDD001, extended the known mineralisation 130 metres below previous drillhole CRD10. The Anabama Project, part of a joint venture with Peel Mining Limited, is located along the Anabama-Redan Shear Zone, known for its structurally controlled mineralisation. The results of the second drillhole are pending, with further geophysical surveys planned to delineate additional mineralisation.
Key Points
  • Red Hill Minerals Limited conducted a maiden diamond drilling program at the Anabama Copper-Gold Project.
  • The drilling confirmed significant copper-gold mineralisation, extending 130 metres below previous findings.
  • Key intercept includes 20.0 metres at 0.6% copper and 0.2 g/t gold.
  • Mineralisation is associated with hydrothermal sources along the Anabama-Redan Shear Zone.
  • Further exploration and downhole electromagnetic surveys are planned.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.