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Red Hill Iron Limited ( (AU:RHI) ) just unveiled an update.
Eastern Metals Ltd, a company listed on the ASX, has entered into a binding agreement to sell its 1.5% net smelter royalty from the Thomson Project to Red Hill Minerals Ltd for $220,000. This transaction follows Eastern Metals’ previous divestment of the Thomson Project to Legacy Minerals Holdings Ltd, which included the grant of this royalty. The sale is contingent upon Red Hill completing due diligence and executing necessary deeds, with exclusivity rights held by Red Hill until completion.
More about Red Hill Iron Limited
YTD Price Performance: -16.52%
Average Trading Volume: 20,737
Technical Sentiment Signal: Hold
Current Market Cap: A$218M
Learn more about RHI stock on TipRanks’ Stock Analysis page.