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Red Hill Minerals Limited (ASX:RHI)

ALERT: Price-sensitive ASX Announcement for RHI
Current share price for RHI : $4.800 1.49 (45.02%)+
Announcement
Release
14 Jul 2025 8:17AM
Price at Release
$3.310
Full Release
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Summary
Red Hill Minerals Limited (RHI) announced that ongoing exploration drilling has continued to expand the targets at its Red Hill Iron Ore Joint Venture (RHIOJV) project in the West Pilbara. The company reported successful drilling results, including extensions of known mineralisation and identification of new target areas. The work demonstrates the potential for further discoveries and resource growth at the site, with highlights including significant intervals of iron ore mineralisation encountered during recent drilling campaigns. The update also covers progress on approvals, environmental studies, and next steps in the exploration program, reinforcing RHI's commitment to advancing the project and delivering shareholder value.
Key Points
  • Exploration drilling at RHIOJV continues to expand known iron ore targets.
  • Recent results include extensions of existing mineralisation and discoveries of new target zones.
  • Significant intervals of iron ore mineralisation were encountered in drilling.
  • Ongoing work supports the potential for additional resource growth at Red Hill.
  • Environmental studies, approvals, and planning for next steps are underway.
  • The project is located in the West Pilbara region of Western Australia.
  • RHI remains focused on advancing the RHIOJV project and enhancing shareholder value.
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.