• Onslow Iron Project shipments reach nameplate capacity of 35 Mtpa
• Royalty revenue of $7.0m in line with anticipated royalty income of $28.7m for FY26
• Cash balance of $62.71m, reinforcing strong financial position

Red Hill Minerals Ltd (ASX: RHI) has reported its Quarterly Activities Report for the period ended 30 September 2025. The key highlights include: Onslow Iron Project shipments have reached nameplate capacity of 35 Mtpa, with royalty revenue of $7.0m earned for the quarter, in line with anticipated royalty income of around $28.7m for FY26. The company's cash balance at the end of the quarter was $62.71m, reinforcing a strong financial position. Red Hill also declared a fully franked dividend of 6.5 cents per share during the quarter, paid on 10 October 2025 for a total of $4.17m. Exploration activities included the commencement of a 4,300 metre diamond drilling program at the Curnamona Earn-in Joint Venture, targeting base metal and copper-gold mineralisation in the Curnamona Province. The company also received $320,000 in exploration grants from the NSW Government for diamond drilling and regional geophysical surveying at the Broken Hill Project. An IP survey at the Anabama copper-gold target highlighted extensive chargeability and resistivity anomalism along the prospective Anabama-Redan Shear Zone, with a diamond drill program to commence in November. In the West Pilbara, the company completed logging and processing of diamond drill core from the Barkley gold project, and heritage surveys across six target areas to facilitate future drilling and exploration activities.

Onslow Iron Project royalty income of around $28.7m for FY26.