• Royalty revenue of $3.35m from Onslow Iron Project
• Cash balance of $66.1m, dividend of $0.03 per share announced
• Binding agreement to acquire 2% royalty over Sandstone Gold Project

Red Hill Minerals Ltd (ASX: RHI) has released its Quarterly Activities Report for the period ended 31 March 2025. Key highlights include:Corporate: The company earned royalty revenue of $3.35m from the Onslow Iron Project during the quarter, with the project expected to reach nameplate capacity of 35 million tonnes per annum in the first quarter of FY26. The company ended the quarter with a cash balance of $66.1m and announced a dividend policy and dividend of $0.03 per ordinary share fully franked at 25%. Red Hill also executed a Binding Heads of Agreement to acquire a 2% Gross Revenue Royalty over the Sandstone Gold Project.West Pilbara Gold and Base Metals: The company completed ground EM surveys at the Kens Bore Copper-Gold and Elwood targets, and prepared for upcoming RC and diamond drilling programs at Barkley, Elwood, and Jubilee South.Curnamona Earn-in Joint Venture: Red Hill processed 1,875 line kilometres of airborne mobile magnetotelluric (MMT) survey data and acquired soil and gravity samples over the Broken Hill Project. The company also continued access negotiations and reconnaissance at the Anabama Project.The company provided detailed updates on exploration activities and results across its various project areas.

The Onslow Iron Project is expected to reach nameplate capacity of 35 million tonnes per annum in the first quarter of FY26, which will positively impact Red Hill's royalty revenue stream.

Red Hill Minerals is focused on advancing exploration and drilling programs across its West Pilbara Gold and Base Metals, and Curnamona Earn-in Joint Venture project areas, with the aim of defining and expanding its mineral resource potential.