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Red Hill Iron Ltd.

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Summary

Project:

Red Hill Iron Ore Joint Venture

Deposit:Whitegate
Location:Australia
Commodities:Iron
Date:1/30/2020
Report Code:JORC
Report Type:Resource Estimation
Project Stage:Pursuing Resource Increase/Upgrade
Report details:30-1-2020: Red Hill Iron Ltd. announces a Resource Estimation report for its Whitegate deposit at the Red Hill Iron Ore Joint Venture project. Mineral resource estimate for the Whitegate deposit at project. API Management Pty Ltd (APIM) and Golder Associa
Resources:(Resource, I+I): 4.1Mt @ 53.9% Fe at Whitegate CID
CP/QP:[Resources]: Richard Gaze (Golder Associates)
ABSTRACT:API Management Pty Ltd (APIM) and Golder Associates Pty Ltd (Golder) have completed a maiden Mineral Resource Estimate for the RHIOJV Whitegate Channel Iron Deposit (CID). The maiden Mineral Resource Estimate for Whitegate (CID) totals 4.1 Mt at 53.9% Fe. The maiden Whitegate Mineral Resource is based on a single continuous geological and mineralisation model. Mineralisation shells and block cut-off grades for the deposit is based on 52% Fe for this estimate which is consistent with other RHIOJV CID deposits. The Mineral Resource Estimate is presented in the attached report received from Golder dated 19 December 2019. A Competent Person Statement is contained within the report covering work completed by Golder. In the instance the Mineral Resource Statement is to be issued for public release the following Competent Person Statement should be attached when referring to the resources detailed in this report. Prior to public release of the Mineral Resource Statement consent must be obtained from the Competent Persons. Consent will be provided following review by the Competent Persons of the proposed release document.

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