Red Hill Iron (RHI)

Shares / Stock Code

RHI

Stock Exchange / Sharemarket

Australian Securities Exchange

Red Hill Iron (RHI) was formed through the consolidation of Giralia Resources NL and the Guardian Syndicate. The company's iron ore, gold and base metals tenements are primarily situated in the Pilbara province of Western Australia.

Red Hill Iron was formed in June 2005 to consolidate the separately owned but contiguous tenements of Giralia Resources NL and the Guardian Syndicate into one company. The company listed on the Australian stock market (ASX) on 14 February 2006.

RHI has developed its objectives beyond that of gold and base metals exploration set by the former companies, with the central focus now on iron ore occurrences in the Hamersley Province in Western Australia. The company has formed a joint venture with API Management Pty Ltd for the shared ownership of the iron ore rights.

Major competitors consist of other mining companies in Australia and overseas exploring for gold, precious and base metals. These range from massive international companies to small explorers with one or two projects. Prospective gold customers include governments, banks and international gold brokers whilst for precious and base metals would involve arrangements with utilities, large industrial users and steel plants.

The Pannawonica Project

RHI purchased this project in January 2010 and has planned aggressive exploration to establish the CID potential of the project as quickly as possible. The project secures two CID mesa systems extending over a combined 14 kilometres of strike. These are referred to as the Whitegate and Redgate prospects. Initial mapping and reconnaissance sampling have provided encouragement that significant resources can be defined.

Red Hill Iron (RHI) Products and Services

  • Iron ore exploration.

Red Hill Iron (RHI) Locations and Subsidiaries

Red Hill Iron Head Office
Level 2, 9 Havelock Street, WEST PERTH,
WA, AUSTRALIA, 6005
Phone: 08 9322 1755
Fax: (08) 9481 0663

Red Hill Iron (RHI) Share Price

Submitted by ASX Listed Company on 26 May, 2010 - 21:15

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