InvestSMART

Red Hill Minerals Limited (ASX:RHI)

ALERT: Price-sensitive ASX Announcement for RHI
Current share price for RHI : $4.550 -0.21 (-4.41%)+
Announcement
Release
30 Apr 2026 10:53AM
Price at Release
$4.760
Full Release
download
Summary
Red Hill Minerals Limited's Quarterly Activities Report for the period ending March 31, 2026, highlights significant events and financial activities. Key points include royalty revenue from the Onslow Iron Project totaling A$6.2 million for the quarter and A$21.1 million for the financial year. The company has a cash balance of A$59.1 million, following various expenditures, including a dividend payment and exploration costs. The report details ongoing projects such as the Curnamona Earn-In Joint Venture and the West Pilbara Gold and Base Metals Project, with ongoing and planned drilling activities. The document also outlines Red Hill's royalty interests in various projects, including the Onslow Iron Project and Sandstone Gold Project, detailing the company's exploration and financial strategies.
Key Points
  • Red Hill Minerals earned A$6.2 million in royalty revenue from the Onslow Iron Project for the March quarter.
  • Cash balance at the end of the quarter stood at A$59.1 million.
  • A fully franked dividend of 11.6 cents per share was paid.
  • The Curnamona Earn-In Joint Venture includes ongoing surveys at the Dementus and Immortan targets.
  • The Anabama Project is planning follow-up diamond drilling.
  • The West Pilbara Project involves ongoing RC drilling at the Barkley Gold Target.
  • Red Hill holds a 0.75% FOB royalty on the Onslow Iron Project operated by Mineral Resources Limited.
  • The Sandstone Royalty covers tenements in Brightstar Resources’ Sandstone Gold Project.
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.