Slide 1: Equity Raising Presentation
For personal use only Equity Raising Presentation 29 September 2022 Not for release to US wire services or distribution in the United States www.red5limited.com Our CORE Values: Courage, Ownership, Respect, Reliability, Excellence
Slide 2: Important Information and Disclaimer
Important Information and Disclaimer This presentation (Investor Presentation) has been prepared by Red 5 Limited ACN 068 647 610 (RED) in connection with RED’s proposed placement (Placement) of new ordinary shares in RED (New Shares) to institutional and sophisticated investors under section 708A o
Slide 3: Important Information and Disclaimer
Important Information and Disclaimer Forward-Looking Statements For personal use only Certain statements made during or in connection with this Investor Presentation contain or comprise certain forward-looking statements regarding RED’s Mineral Resources and Reserves, exploration activities, project
Slide 4: Equity Raising
For personal use only Equity Raising www.red5limited.com Our CORE Values: Courage, Ownership, Respect, Reliability, Excellence Page: 4
Slide 5: Placement Overview
Placement Overview Details For personal use only • Institutional placement to raise up to approximately A$60 million via a two-tranche placement (Placement), comprising the issue of up to 375 million new fully paid ordinary shares (New Shares) - Tranche 1 to raise approximately A$57 million utilisin
Slide 6: Use of Proceeds
Use of Proceeds Placement proceeds will provide working capital to support ramp up of production at KOTH and for future growth of the KOTH Process Plant and KOTH Mineral Resource For personal use only Use of Proceeds A$m KOTH Process Plant throughput expansion to ~5.5 Mtpa in FY24 $10m KOTH Process
Slide 7: Placement Timetable
Placement Timetable Event Time (AEST)/Date1 For personal use only Placement Trading halt and launch of Placement Thursday, 29 September 2022 Trading halt lifted and recommencement of trading Monday, 3 October 2022 Settlement of Tranche 1 Friday, 7 October 2022 Allotment of New Shares issued under Tr
Slide 8: King of the Hills - Ramp Up
For personal use only King of the Hills - Ramp Up www.red5limited.com Our CORE Values: Courage, Ownership, Respect, Reliability, Excellence Page: 8
Slide 9: KOTH Construction Completed on Schedule and Within Budget
KOTH Construction Completed on Schedule and Within Budget ● KOTH Project completed For personal use only within budget of A$226 million ● EPC contractor MACA Interquip has demobilised from site ● First gold was achieved on 5 June 2022 ● KOTH Project was shielded from construction price inflation via
Slide 10: KOTH Mining Ramp up in September Quarter
KOTH Mining Ramp up in September Quarter ● Ability to meet the KOTH OP and UG KOTH Open Pit - FY23 Total Material Movement For personal use only Plan Actual + Forecast ramp up schedule was delayed by 1,600,000 COVID-absenteeism between May – TMM BCM (Per Month) 1,400,000 July “Catch-up” BCM’s for CO
Slide 11: KOTH Processing Ramp up in September Quarter
KOTH Processing Ramp up in September Quarter ● KOTH is expected to produce 26k - 27k ounces in the September Quarter For personal use only ● The KOTH process plant has had sustained periods at design throughput rates ● In July, throughput averaged above nameplate rates on predominantly softer oxide
Slide 12: King of the Hills – Growth Strategy
For personal use only King of the Hills – Growth Strategy www.red5limited.com Our CORE Values: Courage, Ownership, Respect, Reliability, Excellence Page: 12
Slide 13: KOTH – Process Plant throughput expansion to ~5.5 Mtpa in FY24
KOTH – Process Plant throughput expansion to ~5.5 Mtpa in FY24 ● KOTH process plant expected throughput is 4.7Mtpa For personal use only ● The mill has potential for higher throughput rates ● 6Mtpa crushing circuit installed ● SAG Mill installed with significant latent capacity ● Design allowance fo
Slide 14: KOTH Offers Unrivalled Synergies to Process High-Grade Ore Feed
KOTH Offers Unrivalled Synergies to Process High-Grade Ore Feed ● Red 5 participates in strategic consolidation discussions from time to time. Red 5 is in ongoing For personal use only discussions with St Barbara (SBM) regarding potential operational synergies: ● KOTH offers a low-cost, expandable m
Slide 15: KOTH Geology is Well Understood - Open in all Directions
KOTH Geology is Well Understood - Open in all Directions Jun-22 Mineral Resource1 Jun-22 Ore Reserve1 For personal use only 105.5Mt @ 1.4 g/t for 70.2Mt @ 1.2 g/t for 4.75Moz Au 2.66Moz Au ● Orebody in the contact zone of a substantial Granodiorite intrusion ● 4km long x 2km wide ● Historical unders
Slide 16: KOTH Open Pit Mine Plan Currently Extends to 2037
KOTH Open Pit Mine Plan Currently Extends to 20371 For personal use only 1. Red 5 ASX Release: 7 September 2022 www.red5limited.com Our CORE Values: Courage, Ownership, Respect, Reliability, Excellence Page: 16
Slide 17: KOTH 5-year UG Mine Plan is Only Constrained by Drilling
KOTH 5-year UG Mine Plan1 is Only Constrained by Drilling For personal use only 1. Red 5 ASX Release: 7 September 2022 www.red5limited.com Our CORE Values: Courage, Ownership, Respect, Reliability, Excellence Page: 17
Slide 18: KOTH Exploration – Numerous Surface Targets
KOTH Exploration – Numerous Surface Targets ● Three satellite deposits are already in the LOM plan: For personal use only ● Rainbow ● Centauri ● Cerebus-Eclipse ● Integrated datasets have identified priority targets along the Tarmoola and Ursus Fault corridors ● Tarmoola Fault Corridor ● Poorly test
Slide 19: Company Overview
For personal use only Company Overview www.red5limited.com Our CORE Values: Courage, Ownership, Respect, Reliability, Excellence Page: 19
Slide 20: Ramping up Production of Australia’s Next Major Gold Mine
Ramping up Production of Australia’s Next Major Gold Mine ✓ Red 5 has two gold mines in one of the world’s safest and most prospective gold districts For personal use only ✓ King of the Hills (KOTH) is a major Australian gold mine – Top 10-largest Ore Reserves in Australia1 ● Updated 30 June 2022 Mi
Slide 21: KOTH Strategic 4.7Mtpa Mill Located in Eastern Goldfields
KOTH Strategic 4.7Mtpa1 Mill Located in Eastern Goldfields ● With a processing cost of A$12/t1, Regional process plants – mill size, unit cost and distance to Leonora the KOTH process plant is the For personal use only lowest cost mill in the Leonora 45 district 40 ● Large mill drives site-wide Gwal
Slide 22: A standout value opportunity in the Australian gold sector
A standout value opportunity in the Australian gold sector ● Red 5 EV/Reserve relative to its 1,500 For personal use only peers ● Valuation of WA based-gold companies1 1,200 Capricorn Bubble size = Enterprise Value EV / Reserve (A$/oz) ● ● The production ramp up of KOTH 900 Calidus Bellevue is expec
Slide 23: Red 5 Limited – Corporate Profile
Red 5 Limited – Corporate Profile Our Company Vision For personal use only “To be a successful multi-operational exploration and mining company, providing benefits to all stakeholders, through the consistent application of technical excellence, and responsible and sustainable industry practices.” Sh
Slide 24: Ramping up the 4.7Mtpa SAG mill
Ramping up the 4.7Mtpa SAG mill For personal use only www.red5limited.com Our CORE Values: Courage, Ownership, Respect, Reliability, Excellence Page: 24
Slide 25: Gyratory crusher with 6Mtpa crushing capacity
Gyratory crusher with 6Mtpa crushing capacity For personal use only www.red5limited.com Our CORE Values: Courage, Ownership, Respect, Reliability, Excellence Page: 25
Slide 26: 30MW hybrid gas-solar power station
30MW hybrid gas-solar power station For personal use only www.red5limited.com Our CORE Values: Courage, Ownership, Respect, Reliability, Excellence Page: 26
Slide 27: KOTH village – room capacity
KOTH village – 380 room capacity For personal use only www.red5limited.com Our CORE Values: Courage, Ownership, Respect, Reliability, Excellence Page: 27
Slide 28: Competent Persons Statement
Competent Persons Statement Competent Person Statements for JORC 2012 Mineral Resource and Ore Reserves For personal use only ● The information in this presentation that relates to the Mineral Resources for the King of the Hills deposit is extracted from the ASX announcement titled “Mineral Resource
Slide 29: Thank You
For personal use only THANK YOU Level 2, 35 Ventnor Avenue, West Perth, Western Australia 6005 Australia (61-8) 9322 4455 (61-8) 9481 5950 www.red5limited.com Our CORE Values: Courage, Ownership, Respect, Reliability, Excellence Page: 29
Slide 30: Appendix
For personal use only Appendix www.red5limited.com Our CORE Values: Courage, Ownership, Respect, Reliability, Excellence Page: 30
Slide 31: Leadership Team with Strong Development Expertise
Leadership Team with Strong Development Expertise Red 5 has a strong and capable team, with many years of mining and development experience both at Red 5 and previously at multi- billion international development projects – the Company is well placed to deliver the KOTH Gold Mine For personal use on
Slide 32: KOTH Mineral Resource of 4.75Moz
KOTH Mineral Resource of 4.75Moz1 Total Open Pit & Underground KOTH Resource as at June 2022 For personal use only Cut-off Mining Gold Contained Gold Classification Tonnes (000t) (g/t) Method (g/t) (000oz) Measured 0.4-1.0 OP+UG 1,330 1.2 50 Indicated 0.4-1.0 OP+UG 72,880 1.4 3,250 Inferred 0.4-1.0
Slide 33: KOTH Ore Reserve of 2.7Moz
KOTH Ore Reserve of 2.7Moz1 Total KOTH Ore Reserves as at June 2022 For personal use only Cut-off JORC 2012 Tonnes Gold Contained Gold Deposit Mining Method (g/t) Classification (Mt) (g/t) (Moz) KOTH Open pit 0.4 Probable 63.3 1.2 2.4 KOTH Underground 1.3 Probable 2.8 2.0 0.2 Rainbow Open pit 0.4 Pr
Slide 34: Top Gold Deposits in Australia
Top 20 Gold Deposits in Australia Resources Reserves For personal use only Mt g/t Moz Mt g/t Moz Cadia 3374.0 0.4 37.6 Cadia 1280.0 0.4 17.4 Golden Mile - KCGM 545.9 1.6 27.4 Golden Mile – KCGM 280.9 1.3 11.9 Boddington 838.3 0.6 16.4 Boddington 558.3 0.7 11.6 Mallina Gold Project 250.7 1.3 10.6 Tan
Slide 35: Australian Top Gold Deposits
Australian Top 20 Gold Deposits1 Resources Reserves Resources Reserves Resources Reserves Mt g/t Moz Mt g/t Moz Mt g/t Moz Mt g/t Moz Mt g/t Moz Mt g/t Moz Cadia Newcrest St Ives Goldfields Sunrise Dam AngloGold For personal use only Measured 32.0 0.30 0.3 Proven Measured 2.8 4.75 0.4 Proven 1.8 5.0
Slide 36: Key Risks and International Offer Restrictions
For personal use only Key Risks and International Offer Restrictions www.red5limited.com Our CORE Values: Courage, Ownership, Respect, Reliability, Excellence Page: 36
Slide 37: Key Risks
Key Risks Set out in this section are some of the potential risks associated with RED, its business, the industry in which it operates and an investment in RED shares. It is not an exhaustive list of every risk faced by RED now or in the future. For personal use only Risk Global economic Changes in
Slide 38: Key Risks
Key Risks Risk For personal use only Key personnel RED’s success depends on the continued services of its key personnel. Due to management’s experience and the important role they have taken in developing RED’s mining, business and financial plans, RED could be adversely affected if any of the key m
Slide 39: Key Risks
Key Risks Risk For personal use only Conditions and The permits and agreements on the KOTH and Darlot projects are governed by Australian legislation and are evidenced by the granting of permits and agreements and the renewal of extension of such permits and agreements. Each permit, agreement or ext
Slide 40: Key Risks
Key Risks Risk For personal use only Operational risk The success of RED’s operations will be subject to uncertainty with respect to (among other things): ore tonnes, mine grade, ground conditions, geology, metallurgical recovery or unanticipated metallurgical issues (which may affect extraction cos
Slide 41: Key Risks
Key Risks Risk For personal use only Litigation Legal proceedings may arise from time to time in the course of RED’s business. RED may be involved in disputes with other parties in the future which may result in litigation. Any such claim or dispute, if proven, may impact adversely on RED’s operatio
Slide 42: International Offer Restrictions
International Offer Restrictions This Investor Presentation does not constitute an offer of new ordinary shares (New Shares) of the Company in any jurisdiction in which it would be unlawful. In particular, this document may not be distributed to any person, and the New Shares may not For personal us
Slide 43: International Offer Restrictions
International Offer Restrictions Jurisdiction For personal use only European Union This document has not been, and will not be, registered with or approved by any securities regulator in the European Union. Accordingly, this document may not be made available, nor may the New Shares be offered for s
Slide 44: International Offer Restrictions
International Offer Restrictions Jurisdiction For personal use only Malaysia This document may not be distributed or made available in Malaysia. No approval from, or recognition by, the Securities Commission of Malaysia has been or will be obtained in relation to any offer of New Shares. The New Sha
Slide 45: International Offer Restrictions
International Offer Restrictions Jurisdiction For personal use only United Neither this document nor any other document relating to the offer has been delivered for approval to the Financial Conduct Authority in the United Kingdom and no Kingdom prospectus (within the meaning of section 85 of the Fi