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Red Hill Iron Limited ( (AU:RHI) ) has shared an announcement.
Red Hill Minerals reported March quarter royalty revenue of $6.2 million from the Onslow Iron Project, contributing to $21.1 million for the financial year to date and supporting its FY26 royalty income expectations. The company ended the quarter with $59.1 million in cash after paying a fully franked dividend, funding exploration and meeting tax obligations, underlining strong cash generation from its royalty portfolio.
The group continues to build future optionality through exploration and royalty exposure, advancing surveys and planning follow-up drilling at its Curnamona joint venture targets and commencing field work and drilling at West Pilbara gold prospects. Additional upside is tied to its Sandstone and Thomson royalties, where third-party operators are progressing substantial drilling and study programs that could enhance long-term royalty flows if resources and development plans advance.
More about Red Hill Iron Limited
Red Hill Minerals Limited is an Australian resources company focused on generating royalty income and advancing exploration across iron ore, gold and base metals projects. Its key asset is a 0.75% free‑on‑board royalty over the Onslow Iron Project in Western Australia, complemented by gold and copper-gold royalties and exploration joint ventures in several mineral-rich regions.
Average Trading Volume: 36,359
Technical Sentiment Signal: Buy
Current Market Cap: A$308.9M
For detailed information about RHI stock, go to TipRanks’ Stock Analysis page.