Red Hill Iron Ltd operates in the Iron ores sector. Red Hill Iron Limited is an Australia-based company engaged in iron ore exploration. During the fiscal year ended June 30, 2011 (fiscal 2011), the Company's continued exploration resulted in the definition of 2p (proven and probable) reserves for the Red Hill Iron Ore Joint Venture (RHIOJV) of 375 million tons, inclusive of the Kens Bore East reserves under dispute. During fiscal 2011, the Company continued exploration of its wholly owned Pannawonica Project, completing a three hole diamond drill program and comprehensive metallurgical testing of the core. A 70 million ton inferred collision-induced dissociation (CID) resource grading 54.1% iron and 4.8% alumina has been established. The project is contiguous with the RHIOJV area and approximately 15 kilometers from the Pannawonica operations of Robe River and Associates.