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RED HILL IRON Limited ABN : 44 114 553 392 Level 2 , 9 Havelock Street , West Perth WA 6005 PO Box 689 , West Perth WA 6872 Telephone : ( 618 ) 9481 8627 28 July 2021 Company Announcements Office ASX Limited Level 4 , 20 Bridge Street SYDNEY NSW 2000 ACTIVITIES REPORT FOR THE QUARTER ENDED 30 JUNE 2021 E - mail : redhillinfo@redhilliron.com.au Website : www.redhilliron.com.au CORPORATE The continued strength of the iron ore price has improved the prospects for both of Red Hill Iron Limited's iron ore projects . PANNAWONICA PROJECT Red Hill Iron Limited ( Red Hill ) has continued with its work advancing a development pathway for its 100 % owned Pannawonica Iron Ore Project and has identified higher - grade ore within the total project reserve comprising 4.7 million tonnes ( Mt ) at 56 % Iron ( Refer ASX announcement 23 July 2021 ) . As part of the Prefeasibility Study completed in 2014 , total project Ore Reserves were estimated at 29.3 Mt at 54 % Iron derived from a Mineral Resource estimate of 62.5 Mt at 53.4 % Iron . ( Refer ASX announcement 14 April 2014 - Pannawonica Iron Ore Project : Pre - Feasibility Study completed ) . Mining Leases have been granted and a Heritage Agreement has been executed . Environmental field survey work has commenced to update the body of work previously undertaken on the Pannawonica Mining Leases , M08 / 499-1 and M08 / 500-1 as part of an updated Prefeasibility Study now being progressed . Red Hill has completed a number of key milestones required to de - risk project development . A Memorandum of Understanding has been entered into with Onslow Marine Support Base Pty Ltd , the owners of Onslow Port . Work is underway to obtain remaining approvals including additional environmental surveys . Engagement with contractors for the purpose of evaluating a mine development has commenced .