Red Hill Minerals Limited provides update on Curnamona Project

Red Hill Minerals Limited (ASX:RHI) has executed formal earn-in JV documents with Peel Mining Limited (ASX:PEX) for the Curnamona Project. The company has secured the right to earn up to 75% at the Curnamona Project by committing to an expenditure of $6.5 million over a five-year period, with a minimum spend of $1.5 million. The project, located in the Broken Hill region, is considered prospective for various minerals including copper, gold, lead, zinc, silver, nickel, cobalt, molybdenum, uranium, and platinum group elements.

Red Hill Minerals CEO Michael Wall comments on the Curnamona Project

Our exploration team has completed a comprehensive data review and is now focused on finalizing access agreements to allow initial groundwork later this year with the aim of drilling our first holes at the project in the new year. The large, 1,500 km2 project area is under-explored, mostly due to the thick cover sequences, but significant potential exists for a Tier 1 base metal system. Mineralization is known to exist over a very large area, and within multiple highly prospective geological horizons including the key Broken Hill and Thackaringa Groups. Our exploration team has experience in systematically testing large areas of ground under cover and we will continue to use the latest exploration techniques to build upon the success of previous explorers to reduce the search space ahead of drilling our first holes at the project in the new year.

Summary of Red Hill Minerals' Curnamona Project update

Red Hill Minerals Limited has executed earn-in JV documents with Peel Mining Limited for the Curnamona Project, securing the right to earn up to 75% by committing to an expenditure of $6.5 million over a five-year period. The project, located in the Broken Hill region, is considered prospective for various minerals including copper, gold, lead, zinc, silver, nickel, cobalt, molybdenum, uranium, and platinum group elements. The company's exploration team has completed a comprehensive data review and is focused on finalizing access agreements to allow initial groundwork later this year with the aim of drilling the first holes at the project in the new year. Previous explorers have established the project to be highly prospective with significant base and precious metals intercepts returned. Red Hill Minerals aims to evaluate the broader mineralization trend and sedimentary basin to vector toward areas of higher-grade mineralization.