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Red Hill Iron Limited ( (AU:RHI) ) has shared an announcement.
Red Hill Minerals reported December quarter royalty revenue of A$7.8 million from the Onslow Iron Project, contributing to A$14.9 million for the half year and underpinning expected full-year FY26 royalty income of about A$28.7 million. The company ended the quarter with a strong cash position of A$61.3 million after paying a fully franked dividend of 6.5 cents per share, meeting tax obligations and funding exploration programs, while its additional Sandstone and Thomson royalty interests continue to provide leveraged exposure to potential resource growth through third-party drilling and study work.
Operationally, Red Hill advanced its Curnamona earn-in joint venture with promising diamond drilling results at the Dementus Broken Hill-style lead-zinc-silver target and the Anabama copper-gold prospect, where assays confirmed broad mineralised zones and extensions at depth. In the West Pilbara, new gold assays at the Barkley target reinforced the presence of gold mineralisation and extensive alteration, collectively highlighting exploration upside that, alongside growing activity on its royalty ground such as Brightstar’s large planned drilling campaign at Sandstone, could enhance the company’s long-term resource base and royalty earnings potential.
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 resources company with a portfolio of iron ore royalties and exploration projects in Australia. Its key asset is a 0.75% FOB royalty over the Onslow Iron Project in Western Australia, complemented by gold and base metals exploration in the West Pilbara and the Curnamona Province, and additional gold and copper royalties over the Sandstone and Thomson projects. The company’s strategy blends stable royalty income from producing or advancing projects with upside from greenfields exploration in highly prospective mineral provinces.
Average Trading Volume: 29,350
Technical Sentiment Signal: Buy
Current Market Cap: A$316.1M
Learn more about RHI stock on TipRanks’ Stock Analysis page.