Red Hill Iron Limited (AU:RHI) has released an update.
Red Hill Minerals Limited has reported a robust financial performance for the September 2024 quarter, highlighted by the receipt of a final $200 million payment from the Onslow Iron Project and a strong royalty revenue stream totaling $1.08 million. The company also declared a special dividend of $1.50 per share and maintained a healthy cash balance of $84.6 million. With ongoing exploration activities, including RC drilling at the Barkley Gold target, Red Hill continues to position itself for future growth.
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