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An announcement from Red Hill Iron Limited ( (AU:RHI) ) is now available.
Red Hill Minerals has completed its maiden 3,734-metre diamond drilling program at the Broken Hill Project in New South Wales, returning broad intervals of Broken Hill Type lead-zinc-silver mineralisation, particularly at the Dementus target. The standout hole, 25DMDD001 at Dementus, intersected a 91.1-metre interval grading 0.1% lead and 0.3g/t silver within a more than 250-metre BHT lode package, as well as a deeper 152.6-metre zinc-altered zone grading 0.2% zinc and 1.3g/t silver, while additional drilling at the Woolly, Immortan and K1 targets delivered modest polymetallic intercepts that confirm a fertile system and justify prioritised follow-up exploration, including high-resolution gravity and AMT surveys scheduled to start in February.
The most recent analyst rating on (AU:RHI) stock is a Hold with a A$5.50 price target. To see the full list of analyst forecasts on Red Hill Iron Limited stock, see the AU:RHI Stock Forecast page.
More about Red Hill Iron Limited
Red Hill Minerals Limited is an ASX-listed mineral exploration company focused on discovering and developing base and precious metal deposits, including lead, zinc, silver, copper and gold. Through its Curnamona Earn-In Joint Venture with Peel Mining in New South Wales’ Curnamona Province, the company is targeting Tier 1 lead-zinc-silver systems undercover on the Mundi Mundi Plains near Broken Hill.
Average Trading Volume: 28,129
Technical Sentiment Signal: Buy
Current Market Cap: A$327.7M
See more insights into RHI stock on TipRanks’ Stock Analysis page.