RHI.ASX: Sandstone Gold Royalty - completion of purchase

Sandstone Gold Royalty - completion of purchase

Stock	Red Hill Minerals Ltd (RHI.ASX)
Release Time	19 Jun 2025, 8:20 a.m.
Price Sensitive	Yes

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Red Hill Minerals completes Sandstone Gold Royalty purchase

Key Points

Red Hill Minerals acquires 2% Gross Revenue Royalty over Brightstar Resources' Sandstone Gold Project
Brightstar reports high-grade, shallow gold assay results from infill and extensional drilling at Musketeer deposit
Red Hill confident in Brightstar's ability to bring the Sandstone project into production

Full Summary

Red Hill Minerals Ltd (ASX: RHI) has completed the acquisition of the 2% Gross Revenue Royalty over Brightstar Resources Limited's (ASX: BTR) Sandstone Gold Project in Western Australia. Brightstar is currently conducting an extensive +80,000m drilling program at their Sandstone Hub, and on 16 June 2025 released high-grade, shallow infill and extensional assay results from the Musketeer deposit, which is part of the Sandstone Gold Project royalty tenements. The drilling results include 10m at 43.8 grams per tonne gold from 36m, 9m at 2.99 grams per tonne gold from 75m, 9m at 4.37 grams per tonne gold from 92m, and 9m at 3.87 grams per tonne gold from 87m. Red Hill Minerals' Executive Chairman, Joshua Pitt, stated that the company's purchase of the Sandstone royalty demonstrates their confidence in Brightstar's ability to bring the project into production, and they look forward to further success by Brightstar.

Outlook

Red Hill Minerals is confident in Brightstar Resources' ability to bring the Sandstone Gold Project into production, and looks forward to further success by Brightstar as they continue their extensive drilling program at the project.