Red Hill Iron Limited (AU:RHI) has released an update.
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Red Hill Iron Limited has announced the execution of formal earn-in JV documents with Peel Mining Limited, granting them the right to acquire up to a 75% interest in the Curnamona Project for $6.5 million over five years. The project, located in a mineral-rich region of Australia, shows promise for a variety of minerals including copper and gold, with significant under-explored potential indicated by previous high-grade drilling results. The company is advancing with data review and negotiations for access agreements to initiate drilling in the upcoming year.
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