Red Hill Iron (ASX: RHI) — Company Overview, News & Financial Data
Red Hill Iron is an Australian mineral exploration company focused on iron ore and other minerals in the West Pilbara region.
Red Hill Iron
Red Hill Iron is a cash-flow positive mineral exploration and royalty company operating in Australia. The company derives royalty income from a 0.75% free-on-board royalty interest on iron ore mined from the Onslow Iron project in Western Australia, alongside a 2% gross revenue royalty on the Sandstone Gold Project and a 1.5% net smelter return royalty on the Thomson Intrusive Gold-Copper Project. Additionally, the company retains 100% rights to non-ferrous minerals across its West Pilbara joint venture tenements, holds full ownership of the Pannawonica Iron Ore Project, and participates in exploration joint ventures across South Australia and New South Wales.
Snapshot
Operations
Products and/or services of Red Hill Iron
- Iron Ore Royalty Streams: Generates cash flow through a 0.75 percent free-on-board royalty stream derived from iron ore mining and export operations across the West Pilbara region of Western Australia, with commercial shipments originating from May 2024.
- Gold Revenue Royalty Interests: Holds a 2 percent gross revenue royalty interest covering underlying gold tenements in Western Australia, providing ongoing financial exposure to regional precious metal exploration and potential mineral extraction without direct operating capital expenditure requirements.
- Copper and Gold Royalty Interests: Entitled to a 1.5 percent net smelter return royalty over regional intrusive copper and gold exploration target areas, securing royalty entitlement from future commercial development and production within the prospective mineralized province.
- Regional Exploration Joint Ventures: Operates an earn-in joint venture covering 1,700 square kilometers across South Australia and New South Wales, targeting zinc, lead, silver, copper, gold, and uranium through planned exploration expenditures over a five-year period.
- Non-Ferrous Mineral Exploration: Retains 100 percent exploration and development rights for non-ferrous minerals, including gold, base metals, and platinum group elements, across extensive tenement holdings situated throughout the West Pilbara region of Western Australia.
- Direct Iron Ore Mineral Tenements: Controls 100 percent interest in dedicated iron ore channel iron deposits and prospective tenements located in the West Pilbara region of Western Australia, maintaining resources for future development or corporate transactions.
Red Hill Iron executive team
- Mr. Joshua Norman Pitt B.Sc., MAIG, MAusIMMExecutive Chairman
- Mr. Michael Wall B.Sc., M.A.I.C.D., M.B.A.Chief Executive Officer
- Ms. Lorelei CarlucciExploration Manager
- Ms. Ira Gibbs C.A.Company Secretary