Red Hill Minerals (RHI) RIU Explorers Conference 2026 summary

Financial position and shareholder returns

• Entering 2026 with AUD 61 million cash, no debt, and a market cap of AUD 320 million.

• Board and management hold 43% of shares, reflecting strong alignment with shareholders.

• Returned AUD 236 million in dividends to shareholders to date.

• Dividend policy targets 50% of Onslow Iron royalty income paid as dividends.

• Anticipated royalty income of approximately AUD 28.7 million for the current year.

Royalty portfolio and acquisitions

• Ongoing cash flow from Onslow Iron Ore royalty, covering 1.1 billion tons of resources.

• Acquired Sandstone Gold (2% gross revenue) and Thomson Copper-Gold (1.5% NSR) royalties last year.

• Sandstone Gold royalty covers over 1 million ounces; updated resource and PFS expected in 2024.

• Thomson Copper-Gold project received up to AUD 25 million in exploration funding from Rio Tinto.

• Three key royalties: Onslow (in production), Brightstar (near production), Thomson (longer-term).

Exploration and project development

• Systematic exploration at Broken Hill and Anabama through a JV with Peel Mining, with right to earn 75% by spending AUD 6.5 million over five years.

• Maiden drilling at Broken Hill's Dementus target intercepted 91 m at 0.1% lead and 0.3 g/t silver.

• High-resolution gravity and AMT surveys to refine targets at Broken Hill, with follow-up drilling planned.

• At Anabama, drilling confirmed hydrothermal copper, gold, and silver mineralization, including 6.5 g/t gold over 44 cm.

• Further drill testing at Anabama and Broken Hill scheduled for later in the year.