Red Hill Minerals Reports Successful Half Year, Declares Interim Dividend
Key points
- Statutory profit before tax of $15.2 million, up from $5.3 million
- Onslow Iron Ore Project royalty revenue of $14.9 million
- Ongoing exploration expenditure of $4.6 million on key projects
Full summary
Red Hill Minerals Ltd has reported a successful half year, with a statutory profit before tax of $15.2 million, up from $5.3 million in the prior corresponding period. The company's Onslow Iron Ore Project royalty revenue was $14.9 million from production at nameplate capacity of 35 Mtpa. Red Hill also continued its significant exploration efforts, with $4.6 million spent on the Curnamona Earn-in Joint Venture's Broken Hill and Anabama Projects, as well as the West Pilbara Gold and Base Metal Project. The company paid the balance of the cash payment to vendors of the Sandstone Royalty ($2.0 million) and paid a fully franked dividend totalling $4.2 million in September 2025. Red Hill ended the half year with a cash balance and receivables of $69.9 million.
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