Red Hill Minerals (RHI) Investor presentation summary

Business overview

• Operates as a diversified explorer and royalty company with a $320M market capitalization and a strong track record of shareholder value creation.

• Holds a diversified portfolio of royalties and exploration projects across iron ore, gold, copper, and base metals.

• 43% of shares are held by board and management, aligning interests with shareholders.

• Well-funded with $61.3M in cash and ongoing royalty income, supporting growth and exploration.

• Focuses on systematic exploration, value-accretive royalty investments, and disciplined capital allocation.

Royalty portfolio and income

• Receives a 0.75% FOB royalty from the Onslow Iron Project, covering over 1.1 billion tonnes of iron ore resources.

• Onslow Iron royalty generated over $27M to date, with FY26 royalty income expected at ~$28.7M.

• Holds additional royalties: 2% gross on Sandstone Gold Project and 1.5% NSR on Thomson Intrusive Gold-Copper Project.

• Dividend policy targets 50% of Onslow Iron royalty income; $236M paid in fully franked dividends to date.

Exploration portfolio and recent results

• Curnamona Earn-In JV: Right to earn 75% by spending $6.5M; includes Broken Hill (NSW) and Anabama (SA) projects.

• Broken Hill Project: Recent drilling confirmed stratabound lead-zinc-silver mineralization; follow-up surveys and drilling planned.

• Anabama Project: Maiden drilling intersected high-grade copper-gold; IP surveys identified 6km strike potential.

• West Pilbara Project: Ongoing drilling at Barkley Gold and S-Bend Zinc; mineralization remains open along a 1km corridor.