Red Hill Iron Ltd - RHI share price

About

Red Hill Minerals Limited is an Australia-based company. The Company incorporated on 1 June 2005 in Western Australia is engaged in the exploration of iron ore, gold, and other minerals, including precious and base/battery metals. The Company is focused on the development of its channel iron deposits (CID) and rock quarrying opportunities in the Western Pilbara region of Western Australia. Its primary asset is Red Hill Iron Ore Joint Venture (RHIOJV). The Company holds a 100% interest in the Pannawonica channel iron project (CID), which is situated just north of the RHIOJV tenements. The Company has carried out studies for a quarrying concept based on porphyry rock outcrops at the Three Peaks site nearby to the Pannawonica Project. Encouraging drill results at Barkley, Dereks Bore and Kens Bore Gold support the potential for mineralisation associated with regional structures and have identified significant gold intersections. Urandy is known to have High grade, near surface gold mineralisation.