Red Hawk Mining Limited receives positive forecast for Utah Point port capacity

Red Hawk Mining Limited (ASX:RHK) has been notified by Pilbara Ports that an annual throughput allocation of 1Mtpa at its Utah Point Bulk Handling Facility in the Port of Port Hedland is forecasted to become available for allocation in 2026. This forecasted allocation aligns with Red Hawk's Pre-Feasibility Study, which outlines an export volume increasing to 5Mtpa over five years. The Company will work towards securing additional port capacity in line with the proposed project ramp-up schedule.

Red Hawk's Managing Director comments on forecasted port allocation

Red Hawk's Managing Director, Steven Michael, expressed, 'Red Hawk has been in discussions with Pilbara Ports for the past year to secure a port allocation at Utah Point, which is the only multi-user bulk commodities berth in the Pilbara. The notification of forecasted available capacity is a positive step for the development of the Blacksmith Project and provides Red Hawk with a clear roadmap for securing the forecasted allocation capacity as it becomes available.' He further added, 'Locking in port capacity of at least 5Mtpa over the long term is essential to maximise the value of this resource, and Red Hawk will continue to look for long-term, large tonnage export opportunities.'

Summary of Red Hawk's forecasted port capacity at Utah Point

Red Hawk Mining Limited (ASX:RHK) has received a positive forecast from Pilbara Ports regarding the availability of an annual throughput allocation of 1Mtpa at Utah Point Bulk Handling Facility in the Port of Port Hedland. This forecast aligns with the Company's Pre-Feasibility Study, indicating an export volume increase to 5Mtpa over five years. Red Hawk aims to secure additional port capacity in line with the proposed project ramp-up schedule. The Managing Director, Steven Michael, emphasized the significance of securing long-term port capacity to maximize the value of the Blacksmith Project's resource. Red Hawk will continue to pursue large tonnage export opportunities and work towards confirming the Financial Investment Decision and executing a definitive agreement with Pilbara Ports.