• Dividend of $0.03 per share, fully franked at 25%, for H2 2024
• Dividend policy targets six-monthly payments from Onslow Iron Project royalty
• 50% of royalty funds to be applied to dividends, at Board's discretion

Red Hill Minerals Ltd has announced that its Board of Directors has resolved to pay a dividend of $0.03 per ordinary share, fully franked at 25%, relating to the half-year period ending December 2024. The key dates for the dividend payment are: Ex-Dividend Date of 29 April 2025, Record Date of 30 April 2025, and Payment Date of 14 May 2025. The Board has also adopted a dividend policy targeting six-monthly dividend payments from the royalty received from the Onslow Iron Project. The proportion of royalty funds to be applied to the dividends is currently set at 50%, with the payment of any dividend remaining at the discretion of the Board. Red Hill Minerals' Executive Chairman, Joshua Pitt, stated that the Board considers this policy will provide an appropriate balance between returns to shareholders and the funding of the company's exploration agenda, while ensuring adequate support for value-accretive opportunities should they be identified.