Quarterly Activities Report, App 5B Cash Flow and Tenements

• Royalty revenue of $6.2m for the March quarter from the Onslow Iron Project
• Cash balance of $59.1m at the end of the quarter
• Fully franked dividend of 11.6 cents per share paid

Red Hill Minerals Limited has released its Quarterly Activities Report for the quarter ended 31 March 2026. The company earned royalty revenue of $6.2m for the March quarter from the Onslow Iron Project, which is in line with the anticipated royalty income from the project for the 2026 financial year of around $28.7m. The company's cash balance at the end of the quarter was $59.1m, after receipt of the royalty payment, payment of a dividend, exploration expenditure, and income tax payments. Red Hill Minerals also paid a fully franked dividend of 11.6 cents per share on 24 March 2026. The report covers the company's activities in the Curnamona Earn-In Joint Venture, including exploration work at the Broken Hill and Anabama projects, as well as updates on the West Pilbara Gold and Base Metals project. Significant exploration results and planned follow-up work are detailed for each of the project areas.

Royalty revenue from the Onslow Iron Project is expected to be around $28.7m for the 2026 financial year.