Slide 1: Jun-22 Quarterly Presentation
For personal use only Jun-22 Quarterly Presentation Mark Williams, Jason Greive, Patrick Duffy 26 July 2022 www.red5limited.com Our CORRE Values: Courage, Ownership, Respect, Reliability, Excellence
Slide 2: Competent Person’s Statement and Disclaimer
Competent Person’s Statement and Disclaimer 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 “
Slide 3: 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 deposit – Top 10-largest Ore Reserves in Australia1 ● Mineral Resource of
Slide 4: 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 5: 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 6: KOTH earthworks began December 2020
KOTH earthworks began December 2020 For personal use only www.red5limited.com Our CORRE Values: Courage, Ownership, Respect, Reliability, Excellence Page: 6
Slide 7: SAG mill ramp up – first gold June 2022
SAG mill ramp up – first gold 5 June 2022 For personal use only www.red5limited.com Our CORRE Values: Courage, Ownership, Respect, Reliability, Excellence Page: 7
Slide 8: Gyratory crusher – 6Mtpa crushing capacity
Gyratory crusher – 6Mtpa crushing capacity For personal use only www.red5limited.com Our CORRE Values: Courage, Ownership, Respect, Reliability, Excellence Page: 8
Slide 9: KOTH village – room capacity
KOTH village – 380 room capacity For personal use only www.red5limited.com Our CORRE Values: Courage, Ownership, Respect, Reliability, Excellence Page: 9
Slide 10: 30MW hybrid gas-solar power station
30MW hybrid gas-solar power station For personal use only www.red5limited.com Our CORRE Values: Courage, Ownership, Respect, Reliability, Excellence Page: 10
Slide 11: KOTH – construction completed on schedule and within budget
KOTH – construction completed on schedule and within budget ● KOTH Project completed within For personal use only budget of $226 million ● EPC contractor MACA Interquip has demobilised from site ● KOTH Project was shielded from construction price inflation ● Majority of project expenditure was via f
Slide 12: ESG – Proactive COVID preparation/management
ESG – Proactive COVID preparation/management For personal use only 2MW solar energy and battery farm at KOTH 1. Total Recordable Injury Frequency Rate (12 month ave.), total recordable injuries per million hours worked. 2. LTIFR = Lost Time Injury Frequency Rate (12 month ave.), the number of lost t
Slide 13: Darlot FY22 production and cost guidance achieved
Darlot FY22 production and cost guidance achieved ● Darlot June Qtr production of 18,586 ounces For personal use only and FY22 total production of 64,667 ounces1 ● Operator and skill shortages in WA labour market continue to impact mining activities ● Redpath mine development program on track – open
Slide 14: KOTH – open pit and underground mining underway
KOTH – open pit and underground mining underway ● 9,545 ounces1 produced at KOTH to For personal use only 30 June 2022 since first gold ● 1.2Mt1 of ore on ROM pad ready for processing at 30 June 2022 ● Ramp up of KOTH mine ● Open pit fleets operating day and night shift ● First underground stopes fi
Slide 15: KOTH - strategic 4.7Mtpa mill located in Eastern Goldfields
KOTH - strategic 4.7Mtpa1 mill located in Eastern Goldfields ● With a processing cost of A$12/t1, the KOTH Regional process plants – mill size, unit cost and distance to Leonora process plant is the lowest cost mill in the Leonora For personal use only district 45 ● Large mill drives site-wide econo
Slide 16: A standout value opportunity in the Australian gold sector
A standout value opportunity in the Australian gold sector ● Red 5 EV/Reserve relative to its 1,200 For personal use only peers ● Valuation of WA based-gold Capricorn 1,000 companies1 ● Bubble size = Enterprise Value EV / Reserve (A$/oz) 800 ● The planned development of Calidus Ramelius KOTH is expe
Slide 17: 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 CORRE Values: Courage, Ownership, Respect, Reliability, Excellence Page: 17
Slide 18: Appendix
For personal use only Appendix www.red5limited.com Our CORRE Values: Courage, Ownership, Respect, Reliability, Excellence Page: 18
Slide 19: KOTH - geology is well understood, open in all directions
KOTH - geology is well understood, open in all directions Jun-21 Mineral Resource1 Aug-20 Ore Reserve2 For personal use only 91Mt @ 1.4 g/t for 64.6Mt @ 1.2 g/t for 4.12Moz Au 2.4Moz Au ● Ore body in the contact zone of a substantial Granodiorite intrusion ● 4km long x 2km wide ● Historical understa
Slide 20: KOTH – 4.1Moz Mineral Resource
KOTH – 4.1Moz Mineral Resource1 For personal use only Total Open Pit & Underground KOTH Resource as at Jun 2021 Cut-off Mining Gold Contained Gold Classification Tonnes (000t) (g/t) Method (g/t) (000oz) Indicated 0.4-1.0 OP+UG 69,600 1.4 3,030 Inferred 0.4-1.0 OP+UG 21,100 1.6 1,090 Total 0.4-1.0 OP
Slide 21: KOTH – 2.4Moz Ore Reserve
KOTH – 2.4Moz Ore Reserve1 Total KOTH Ore Reserves as at September 2020 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 0.39 Probable 58.5 1.1 2.1 KOTH Underground 1.60 Probable 2.4 2.3 0.2 Rainbow Open pit
Slide 22: 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 3382.0 0.4 39.9 Cadia 1300.0 0.4 19.0 Golden Mile (100%) 526.7 1.6 26.3 Boddington 558.3 0.7 11.6 Lake Cowal 305.3 1.0 9.7 Golden Mile - KCGM 270.8 1.3 11.6 Granny Smith 49.4 5.2 8.3 Tanami 34.8 5.
Slide 23: 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 5.1 2.49 0.4 Proven 4.7 2.1