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RED HILL IRON LIMITED

ASX: RHI

The data on Australian Shares.com is intended as a guide only and is compiled from information in the public domain. Data on this website should not be used to make an investment or trading decision.

Description

Red Hill Iron Limited was formed in 2005 with the purpose of acquiring and evaluating the iron ore potential of its extensive tenement package covering much of the western margin of the Hamersley Province of the West Pilbara region of Western Australia.

Red Hill Iron Ore Joint Venture (RHIOJV)

RHI holds a 40% carried interest in the RHIOJV, with API Management Pty Ltd (API), a company controlled by Baosteel Group Corporation and American Metals & Coal International, holding the balance and earning up to 80% by carrying the Company through to the first sale of ore from the tenements. The RHIOJV accounts for the substantial portion of API's West Pilbara Iron Ore Project (WPIOP), which has proven and probable reserves of 445 million tonnes. The WPIOP was formed to explore for and develop iron ore resources in the West Pilbara and has the stated aim of establishing a rail link to a proposed new port at Anketell Point to facilitate ore exports.

Pannawonica Project

RHI has recently completed an Ore Reserve estimate and Prefeasibility Study for its wholly owned Pannawonica Project, which contemplates a CID direct shipping operation from the Company's three Mining Leases.

Mine For

iron ore

Location of operation(s)

Western Australia

Address

Level 2, 9 Havelock St
WEST PERTH, WA, AUSTRALIA

Phone

(08) 9481 8628

Email

Website


Last Updated

12/3/2015

 

The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.