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Red Hill Iron Limited ( (AU:RHI) ) has provided an announcement.
Red Hill Minerals Limited has announced the start of a 4,300-metre diamond drilling program at its Broken Hill Project in New South Wales, targeting base metal and copper-gold mineralization. The project aims to explore the mineralization potential in the Curnamona Province, with plans to conduct six drill holes across four target areas to assess the presence of Broken Hill Type, Iron Oxide Copper Gold, and stratabound polymetallic mineralization. This initiative could enhance Red Hill’s position in the mining sector by potentially expanding its resource base and offering new opportunities for stakeholders.
The most recent analyst rating on (AU:RHI) stock is a Hold with a A$3.50 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 operates in the mining industry, focusing on the exploration and development of mineral resources. The company is involved in the extraction of various minerals, including copper, gold, lead, zinc, silver, nickel, cobalt, molybdenum, uranium, and platinum group elements, primarily in the highly mineralized regions of Australia.
Average Trading Volume: 13,203
Technical Sentiment Signal: Hold
Current Market Cap: A$212.3M
For an in-depth examination of RHI stock, go to TipRanks’ Overview page.