Slide 1: Sept-22 Quarterly Presentation
For personal use only Sept-22 Quarterly Presentation Mark Williams, Patrick Duffy, Richard Hay, Jason Greive 27 October 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: 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 4: 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 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: Establishing the ESG building blocks for the long-life KOTH mine
Establishing the ESG building blocks for the long-life KOTH mine For personal use only Our CORRE Values Courage We take initiative with integrity and have the strength to speak to our convictions Ownership We are committed to our Vision and accountable for our individual/team safety and performance
Slide 7: 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: 7
Slide 8: 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: 8
Slide 9: 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 10: 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: Processing ramp up in September Quarter
KOTH processing ramp up in September Quarter ● KOTH produced 26,710 ounces in the September Quarter, gold sales of 30,005 ounces 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 s
Slide 12: 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 ● Ore body in the contact zone of a substantial Granodiorite intrusion ● 4km long x 2km wide ● Historical unders
Slide 13: 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 CORRE Values: Courage, Ownership, Respect, Reliability, Excellence Page: 13
Slide 14: 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 CORRE Values: Courage, Ownership, Respect, Reliability, Excellence Page: 14
Slide 15: Strategic 4.7Mtpa mill located in Eastern Goldfields
KOTH strategic 4.7Mtpa1 mill located in Eastern Goldfields ● With a processing cost of A$12/t1, Regional process plants – mill size, unit cost and distance to Leonora the KOTH process plant is the For personal use only lowest cost mill in the Leonora 45 district 40 ● Large mill drives site-wide Gwal
Slide 16: A standout value opportunity in the Australian gold sector
A standout value opportunity in the Australian gold sector ● Red 5 EV/Reserve relative to its 1,500 For personal use only peers ● Valuation of WA based-gold companies1 1,200 Capricorn Bubble size = Enterprise Value EV / Reserve (A$/oz) ● ● The production ramp up of 900 Calidus Bellevue KOTH is expec
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: 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
Slide 20: 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 21: Drilling undertaken in FY22 for KOTH Jun-22 resource update
Drilling undertaken in FY22 for KOTH Jun-22 resource update1 For personal use only 1. Red 5 ASX Release: 7 September 2022 www.red5limited.com Our CORRE Values: Courage, Ownership, Respect, Reliability, Excellence Page: 21
Slide 22: Scope to increase production and extend LOM
KOTH – scope to increase production and extend LOM ● Mintrex confirmed SAG Mill will produce >4.7Mtpa as built For personal use only ● Red 5 believes the mill has potential to process much more ● 6Mtpa crushing circuit installed ● Oversized SAG Mill installed ● Design allowance for upgrade of the gr
Slide 23: 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 24: 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