Red Hill Minerals (RHI) investor relations material

Business Model and Financial Position

• Operates as a diversified, dividend-paying royalty and exploration company with significant cash flow from the Onslow Iron royalty and a $296M market capitalization.

• Ended June with AUD 62.8 million in cash, no debt, and a strong shareholder base, including major industry players.

• Board and management collectively hold 43% of shares, aligning interests with shareholders.

• Over AUD 244 million paid in fully franked dividends over 10 payments since listing, with a policy targeting at least 50% of Onslow Iron royalty income as dividends.

• Business model focuses on acquiring and structuring royalty interests, systematic exploration, and monetizing discoveries through asset sales while retaining royalties.

Royalty Portfolio and Acquisitions

• Onslow Iron royalty covers over 1.1 billion tons of resources, generating AUD 41 million in revenue since mid-2024.

• Key royalty assets include a 0.75% FOB royalty on Onslow Iron (743.7 Mt at 56.3% Fe), 2% gross on Sandstone Gold, and 1.5% NSR on Thomson Intrusive Gold-Copper.

• Recent acquisitions include royalties on Brightstar Resources' Sandstone Gold Project and Legacy Minerals' Thomson Copper-Gold Project.

• Brightstar's resource under royalty increased to over 1.3 million ounces of gold, with key milestones expected later this year.

• Holds interests in Bungaroo and Red Hill Creek iron resources.

Exploration Activities and Results

• Completed earn-in on the Curnamona JV, focusing on Anabama (Cu, Au, U) and Broken Hill (Pb, Zn, Ag) projects.

• Maiden drilling at Anabama confirmed hydrothermal mineralization and the highest gold intercept to date, with further drilling and assays expected soon.

• Broken Hill drilling intersected key mineralization features, with gravity and AMT surveys completed and 2,000m of follow-up diamond drilling planned for October 2026.

• Ongoing systematic exploration at Curnamona JV, Anabama, and Broken Hill, with recent high-grade drill results and geophysical surveys guiding future drilling.

• FY27 plans include completing drilling and surveys at Curnamona JV and Anabama, advancing Broken Hill drilling, and reviewing West Pilbara targets.