Quarterly Activities Report, Tenements and App5B Cash Flow

• Cash balance at end of quarter: $62.8m
• Royalty revenue from Onslow Iron Project: $7.7m for June quarter
• Successful earning of 75% interest in Curnamona Joint Venture
• Diamond drilling commenced at Anabama Target
• Received processed survey data for Broken Hill Project

Red Hill Minerals Ltd is pleased to present its Quarterly Activities Report for the quarter ended 30 June 2026. The company's cash balance at the end of the quarter was $62.8m, following receipt of a $7.7m royalty payment from the Onslow Iron Project, $1.5m in exploration expenditure, and $1.4m in income tax payments. The company successfully earned its 75% interest in the Curnamona Joint Venture and commenced diamond drilling at the Anabama Target to test a strong Downhole-Electromagnetic (DHEM) target. The company also received processed gravity and audio-magnetotelluric (AMT) survey data from the Dementus and Immortan Targets in the Broken Hill Project, assisting in structural interpretation for follow-up drill planning.