Slides
Page 1
Dividend-paying Explorer & Royalty Company Compelling growth potential DIGGERS AND DEALERS MINING FORUM 2026 Michael Wall Chief Executive Officer 3-5 August 2026
Page 2
Important information & disclaimer 2 This Presentation has been prepared by Red Hill Minerals Limited (“Red Hill” or “the Company”) to provide summary information about Red Hill and its activities current as at the date of this Presentation. The information in this document is general in nature and does not purport to be complete or to contain all the information which a prospective investor may require in evaluating a possible investment in Red Hill or that would be required in a prospectus or a product disclosure statement prepared in accordance with the Corporations Act 2001 (Cth) ("Corporations Act"). The information contained in this Presentation is for information purposes only. The information contained in this Presentation is of general background and does not purport to be complete. The information contained in this Presentation does not constitute investment or financial product advice (nor taxation or legal advice) and is not intended to be used as the basis for making any investment decision. In providing this Presentation, Red Hill has not considered the objectives, financial position or needs of any particular recipients. This document does not constitute or contain an offer, invitation, solicitation or recommendation with respect to the purchase or sale of any security in Red Hill. This document does not constitute an offer to sell, or a solicitation of an offer to buy, any securities in any jurisdiction (in particular, the United States), or a securities recommendation. This document is not a prospectus, product disclosure statement or other offering document under Australian law or any other law, and will not be lodged with the Australian Securities and Investments Commission. The information in this Presentation is strictly confidential. It may not be reproduced, disseminated, quoted or referred to, in whole or in part, without the express written consent of Red Hill. By accepting the invitation and attending this Presentation you agree to keep this information confidential, not to disclose any of the information to any other person and not to copy, use, publish, record or reproduce the information without the prior written consent of Red Hill, which may be withheld in its absolute discretion. No representation or warranty, express or implied, is made as to the accuracy, reliability, completeness or fairness of the information, opinions and conclusions contained in this Presentation. Neither Red Hill, its related bodies corporate, shareholders or affiliates, nor any of their respective officers, directors, employees, affiliates, agents or advisers (each a “Limited Party”) guarantees or makes any representations or warranties, express or implied, as to or takes any responsibility for the accuracy, reliability, completeness or fairness of the information, opinions and conclusions contained in this Presentation. Red Hill does not represent or warrant that this Presentation is complete or that it contains all material information about Red Hill or which a prospective investor or purchaser may require in evaluating a possible investment in Red Hill or acquisition of Red Hill shares. To the maximum extent permitted by law, each Limited Party expressly disclaims any and all liability, including, without limitation, any liability arising out of fault or negligence, for any loss arising from the use of information contained in this Presentation including in relation to the accuracy or completeness of the information, statements, opinions or matters, express or implied, contained in, arising out of or derived from, or for omissions from, this Presentation including, without limitation, any financial information, any estimates or projections and any other financial information derived therefrom. This Presentation contains certain forward looking statements and comments about future events, including Red Hill’s expectations about the performance of its businesses and certain strategic transactions. Forward looking statements can generally be identified by the use of forward looking words such as, “expect”, “anticipate”, “likely”, “intend”, “should”, “could”, “may”, “predict”, “plan”, “propose”, “will”, “believe”, “forecast”, “estimate”, “target” and other similar expressions. Indications of, and guidance or outlook on, future earnings or financial position or performance are also forward looking statements. Forward looking statements involve inherent risks and uncertainties, both general and specific, and there is a risk that such predictions, forecasts, projections and other forward looking statements will not be achieved. which are outside the control of Red Hill. A number of important factors could cause Red Hill’s actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in such forward looking statements, and many of these factors are beyond Red Hill’s control. Forward looking statements are provided as a general guide only, and should not be relied on as an indication or guarantee of future performance and involve known and unknown risks and other factors, many of As such, undue reliance should not be placed on any forward looking statement. Past performance is not necessarily a guide to future performance and no representation or warranty is made by any person as to the likelihood of achievement or reasonableness of any forward looking statements, forecast financial information or other forecast. Nothing contained in this Presentation nor any information made available to you is, or shall be relied upon as, a promise, representation, warranty or guarantee as to the past, present or the future performance of Red Hill. Such forward-looking statements speak only as of the date of this document. There can be no assurance that actual outcomes will not differ materially from these statements. To the maximum extent permitted by law, Red Hill and any of its affiliates and their directors, officers, employees, agents, associates and advisers: • disclaim any obligations or undertaking to release any updates or revisions to the information to reflect any change in expectations or assumptions; • do not make any representation or warranty, express or implied, as to the accuracy, reliability or completeness of the information in this document, or likelihood of fulfilment of any forward-looking statement or any event or results expressed or implied in any forward-looking statement; and disclaim all responsibility and liability for these forward-looking statements (including, without limitation, liability for negligence). All dollar values are in Australian dollars (A$) unless other stated. The figures in this Presentation are subject to rounding. Competent Person Statement and Listing Rule 5.23 Disclosure The information in this report that relates to exploration activities is based on information compiled by Mr Michael Wall, Chief Executive Officer, Red Hill Minerals Limited who is a Member of the Australian Institute of Mining and Metallurgy. Mr Wall is a full-time employee of Red Hill Minerals Limited. He has sufficient experience which is relevant to the style of mineralisation and types of deposits under consideration, and to the activity which has been undertaken, to qualify as a Competent Person as defined by the 2012 edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr Wall consents to the report being issued in the form and context in which it appears. Where reference is made to previously reported exploration results in this announcement, the Company confirms that it is not aware of any new information or data that materially affects the information included in those announcements and all material assumptions and technical parameters underpinning the exploration results included in those announcements continue to apply and have not materially changed. Pannawonica Iron Project - Mineral Resource and Reserve Statement Compliance Red Hill Minerals Limited is not aware of any new information or data that materially affects the information included in the relevant market announcement and in the case of estimates of Mineral Resources or Ore Reserves that all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed.
Page 3
43% 15% 13% 29% Diversified royalty and exploration company with a track record of creating shareholder value 3 Who we are Team with a track record of making significant discoveries and delivering strong returns to shareholders Well-funded ($62.8M3) and receiving ongoing iron ore royalty stream Looking for new royalty, exploration, development and financing opportunities A$296M Market Capitalisation4 Shareholders 3 As of 30 June 2026 4 As of 31 July 2026 Board & Management Directors and Management Joshua Pitt Executive Chairman Michael Wall Chief Executive Officer Garry Strong Non-Executive Director Mark Okeby Non-Executive Director Nanette Allen Non-Executive Director Ira Gibbs Company Secretary Shares on issue 64.2M Diversified portfolio: $ $ $ 0.75% FOB Iron Ore Royalty - Onslow Iron Project1 Pannawonica Iron (100%) Exploration Projects Royalties 2% Gross Royalty - Sandstone Gold Project2 1.5% NSR - Thomson Intrusive Gold-Copper Project² West Pilbara Gold & Base Metals (100%) Broken Hill Gold & Base Metals (75%) Anabama Copper, Gold & Uranium (75%) $ $ $ 1 In production 2 Not in production Baowu Aigle Royal Other
Page 4
Proven business model Safe, efficient, and targeted exploration Focus on Shareholders & People Evaluate and Create Opportunities Monetise Exploration Success Expand through high-quality, scalable projects Acquire and structure royalty interests Systematic Exploration to Make Discoveries Introduce larger JV/Earn-in partners On discovery, realise value via asset sales while retaining royalties $244M paid in fully franked dividends (10 payments) Dividend policy targeting dividends equivalent to 50% of royalty income from Onslow Iron 4
Page 5
Royalty Portfolio Diversified portfolio of long-life mineral royalties Image courtesy of Mineral Resources Limited 5
Page 6
Diversified portfolio of long-life mineral royalties on Australian projects Payer Royalty* Stage Location Commodity Mineral Resource Estimate (MRE) Description Royalty Revenue Onslow (RHIOJV) Production (35Mtpa) WA Iron 743.7 Mt at 56.3% Fe1 0.75% FOB $41.0M Red Hill Creek Resource WA Iron 119.7 Mt at 57.1% Fe2 0.75% FOB - Bungaroo Resource WA Iron 283.3 Mt at 56.5% Fe3 0.75% FOB - Sandstone PFS WA Gold 35.2 Mt at 1.2 g/t gold for 1,342,000 oz4 2% Gross Revenue Royalty - Thomson Exploration NSW Gold – copper - 1.5% NSR5 - 6 $41.0M of income received since July 2024 from the Onslow royalty that covers a combined MRE of over 1.1 billion tonnes of iron ore *Royalty information: ASX: RHI release 30/7/2021 (0.75% FOB Onslow royalty), 5/5/2025 (Thomson royalty), 28/4/2025 (Sandstone royalty) 1Onslow Resource 744 Mt – ASX release: MIN, 21/5/2025 2Bungaroo Resource 283 Mt – ASX release: BCI, 30/8/2016 3Red Hill Creek 120 Mt – refer https://wamex.dmp.wa.gov.au/Wamex/Search/Reports (where A number = 118791, page 159, of file 1648592-005-R-Rev0 (complete).pdf (Upper Red Hill Creek Resource) 4Sandstone Resource – ASX: BTR release 15/7/2026 5Legacy Minerals retain a buyback right totalling $6m
Page 7
Exploration Portfolio High potential exploration ground in favourable mining jurisdictions 7
Page 8
Curnamona JV Diamond drilling underway 8 Refer Red Hill Minerals ASX announcement dated 5/7/2024 (Earn-In deal), 30/7/2026 (Quarterly – Earn-In reached). Red Hill Minerals has earned a 75% interest in the Curnamona JV by spending $6.5m Large project area of 1,835 km² in highly mineralised province The Anabama Project (SA) is prospective for shear hosted copper and gold and contains historic copper workings and anomalous drill results Recently expanded along strike with the Cronje Dam tenement The Broken Hill Project (NSW) has Tier 1 potential for lead-zinc-silver deposits
Page 9
Anabama Project (SA) Diamond drilling currently in progress 9 Refer Red Hill Minerals ASX announcements dated 1/10/2024 (past drill results), 28/7/2025 (IP survey identifies 4km strike potential at Anabama Project), 18/8/2025 (further IP extends strike potential to 6km), 27/1/2026 (maiden RHI drill results) 2025 diamond drilling tested IP anomaly and confirmed continuation of high-grade mineralisation at depth Results (2025) included the highest grade drilled at Anabama to date DHEM in 25ANDD001 identified priority conductor off hole to the southwest Diamond drill rig onsite to test off-hole conductor and high-grade mineralisation along strike 2025 Results: high-grade hydrothermal breccia 25ANDD001 313.6m – 314.0m at 6.5 g/t Au, 2.3% Cu &10.3 g/t Ag
Page 10
Broken Hill Project (NSW) 2,000m diamond drilling planned to follow up BHT intersection 10 Refer Red Hill Minerals ASX announcement dated 1/10/2024 (past drill results), 22/1/2026 (Maiden RHI drill results) 2025 diamond drilling included the testing of the Dementus target, which showed classic Broken-Hill-Type (BHT) lead dominant sulphide mineralisation Infill gravity and AMT surveys and data completed with modelling ongoing Results currently being used to plan ~2,000m follow up diamond drilling from October 25DMDD001 356.10m 25DMDD001 413.02m Stratabound galena indicating proximity to primary source
Page 11
West Pilbara Gold & Base Metal Project (WA) Extending the Barkley Gold footprint Refer Red Hill Minerals ASX announcements (drill results) dated 20/10/2022, 31/3/2023, 20/7/2023, 27/9/2023, 15/12/2023, 22/7/2024, 13/1/2025, 14/7/2025 and 19/1/2026. Urandy Gold S-Bend Zinc Barkley Gold • refer inset Barkley Gold Inset Not all intercepts labelled, cut-off of 0.1 g/t Au used G1 Gold Hunter Zone King Brown Located at contact of Hamersley and Ashburton Basins, a highly prospective setting with major mantle-tapping regional faults, reactive rocks with widespread evidence of gold and base metal mineralisation Mineralisation footprint at Barkley Gold remains open in multiple directions along a 1km corridor Recent RC extension drill results expected mid-August PAULSENS GOLD MINE KENS BORE MINE 11
Page 12
Consists of the outcropping Redgate & Whitegate Channel Iron Deposits (CID) • Mineral Resource: 62.5 Mt at 53.4% Fe • Continuous with Onslow Iron’s Whitegate CID Pannawonica Iron Project (WA) Potential for a simple direct shipping operation Refer ASX: RHI release 14/4/2014 (Pannawonica Mineral Resource), 30/1/2020 (RHIOJV Whitegate Resource) and 23/7/2021 (Ore Reserve) L08/295 is held by CZR Resources - refer ASX: RHI release 1/8/2022 (CZR-RHI to Cooperate on Haul Road & Port Infrastructure) 12 WHITEGATE - RHIOJV (4.1 Mt @ 53.9% Fe) Pathway to production; • Granted mining leases (100% RHI) & miscellaneous licenses for haul road, mine infrastructure, accommodation & water supply • Native Title Deed in place which includes mining for the project • Environmental studies completed to a standard suitable for supporting mining proposals & development approvals • Groundwater license applications (5C, 26D) recently submitted Mardie Port 70km
Page 13
What’s Ahead? 13
Page 14
FY27 Outlook Refer Red Hill Minerals ASX announcement dated 18/9/2025 (Profitable Financial Year) Onslow Iron Ore Royalty Royalty income for FY26 $28.8M Dividend Policy targeting dividends equivalent to 50% of royalty income from Onslow Iron Substantial systematic exploration program planned: Curnamona JV Anabama Complete diamond drilling Downhole electromagnetic surveys Broken Hill Geophysical modelling of new gravity and AMT / MT data Diamond drilling targeting BHT mineralisation at Dementus West Pilbara Project Review recent drill assays and progress targets Growth Actively looking for new royalty, exploration and development financing opportunities 14
Page 15
Investment Case Proven business model and track record Well-funded, dividend-paying with ongoing royalty income Diversified asset portfolio with strong exploration potential Proven track record of delivering discoveries and shareholder returns Motivated team with proven experience of successfully acquiring high-quality royalty and exploration assets Building value through systematic exploration and value accretive royalty investments 15
Page 16
ASX: RHI Level 2, 9 Havelock Street, West Perth, WA 6005 +61 8 9481 8627 enquiries@redhillminerals.com.au 16