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Red Hill Minerals Limited (ASX:RHI)

ALERT: Price-sensitive ASX Announcement for RHI
Current share price for RHI : $4.630 -0.32 (-6.46%)+
Announcement
Release
29 Jan 2026 1:15PM
Price at Release
$4.950
Full Release
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Summary
Red Hill Minerals Limited reported its Quarterly Activities for the December 2025 quarter, highlighting a royalty revenue of $7.8 million from the Onslow Iron Project, with a cash balance of $61.3 million after dividend payments and exploration expenditures. The company completed a significant diamond drilling program at the Broken Hill Project, uncovering promising mineralization, and continued its Anabama Project with successful results from a diamond drill program. The company's financials included net cash from operating activities of $5.4 million and significant investments in exploration and evaluation, reflecting robust exploration and expansion activities.
Key Points
  • Royalty revenue for the quarter was $7.8 million.
  • Cash balance at quarter-end was $61.3 million.
  • Dividend paid was $4.2 million with exploration expenditure of $2.7 million.
  • Significant diamond drilling program completed at Broken Hill Project.
  • Successful results from the Anabama Project diamond drill program.
  • Net cash from operating activities was $5.4 million.
  • Focus on exploration and evaluation investments.
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.