Red Hill Minerals (RHI) AGM 2025 Presentation summary

Financial and operational highlights

• Onslow Iron Project reached nameplate capacity, generating $11.88M in FY25 royalty revenue and forecasting ~$28.7M for FY26, with $7.0M already received in Q1 FY26.

• Three fully franked dividends totaling $117.35M were paid, and the cash balance at 30 June 2025 was $64.5M.

• Acquired Sandstone Gold (2% GRR) and Thomson (1.5% NSR) royalties, expanding the royalty portfolio.

• $730,000 in exploration co-funding grants awarded across NSW and WA.

Royalty and exploration portfolio

• Portfolio includes 0.75% FOB Iron Ore Royalty (Onslow), 2% GRR (Sandstone Gold), and 1.5% NSR (Thomson Intrusive Gold-Copper).

• Ongoing iron ore royalty stream from Onslow, with over $19.2M received to date and 35 Mtpa nameplate capacity achieved.

• Sandstone Gold Project has a 23.5 Mt resource at 1.4 g/t gold, with near-term production aspirations for 2028.

• Thomson Intrusive Gold-Copper Project offers significant exploration upside with recent promising drill results.

Exploration activities and results

• Curnamona JV: Right to earn 75% by spending $6.5M over 5 years; large 1,700 km² project area with Tier 1 potential at Broken Hill and copper-gold-uranium at Anabama.

• Broken Hill: 1,875-line km MT survey, 3,260m diamond drilling, and strong historic and recent drill results for Zn-Pb-Ag and Cu-Au.

• Anabama: Native Title Agreement signed, IP survey completed, and 2,000m diamond drilling underway targeting gold-copper mineralisation.

• West Pilbara: 8,250m RC drilling with gold intercepts up to 7.9 g/t and base metal mineralisation across multiple prospects.