• Red Hill Minerals acquires 1.5% Net Smelter Royalty over Thomson Gold-Copper Project in NSW
• Project has potential for significant intrusion-related gold and copper discovery
• Recent drilling results include 377m at 0.1g/t gold and 1m at 6.73g/t gold

Red Hill Minerals Limited (ASX: RHI) has entered into a binding Heads of Agreement to acquire a 1.5% Net Smelter Royalty (Royalty) over the Intrusion Related Gold and Copper Thomson Project tenements in New South Wales. The tenements subject to the Royalty form part of ASX listed Legacy Minerals Holdings Limited's (ASX: LGM) Thomson Project, which was acquired by Legacy Minerals through a transaction with Eastern Metals Limited completed in June 2024. Recent results from the Thomson Project have confirmed the presence of a broad mineralized gold system, interpreted as an intrusion related gold system. Highlights include 377 metres at 0.1 grams per tonne gold from 225 metres, including 11 metres at 0.8 grams per tonne gold and 41 metres at 0.4 grams per tonne gold, as well as 1 metre at 6.73 grams per tonne gold. The tenements subject to the Royalty cover approximately 553 square kilometres and host several untested or underexplored magnetic anomalies, providing potential for a major discovery. The total transaction consideration payable by Red Hill Minerals for the Royalty is a one-off cash payment of $220,000 to Eastern Metals on completion.

Red Hill Minerals believes the Thomson Project contains significant potential for an intrusion related gold and copper discovery.