Slide 1: Noosa Mining Conference
For personal use only Noosa Mining Conference Mark Williams 21 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: 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: 3
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 deposit – Top 10-largest Ore Reserves in Australia1 ● Mineral Resource of
Slide 5: 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 ● EPC contract with MACA Interquip ● KOTH Project was shielded from construction price inflation ● Majority of project expenditure was via fixed-price contracts ● Portion of conti
Slide 6: In 2017 Red pivoted to being a Leonora-district gold miner
In 2017 Red 5 pivoted to being a Leonora-district gold miner 2017 2018 2019 2020 2021 2022 For personal use only Suspension of mining at Siana1 Acquisition of Darlot and KOTH for A$34.5m2 Commence processing at Darlot Commence KOTH “truck-to-Darlot” Announce KOTH 1.9Moz Resource3 KOTH Pre-Feasibilit
Slide 7: Red 5's pivot to WA in 2017 has rewarded shareholders
Red 5’s pivot to WA in 2017 has rewarded shareholders 900% KOTH first gold For personal use only 800% 5 June 2022 700% 600% 500% 400% 373% 300% 200% 100% 56% 0% 21% (100%) RED Index of Gold Miners 1 Gold Price (A$/oz) 1. BETASHARES GLB Gold Miners ETF www.red5limited.com Our CORRE Values: Courage, O
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: 9
Slide 9: 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: 10
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: 11
Slide 11: 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: 12
Slide 12: KOTH – open pit and underground mining underway
KOTH – open pit and underground mining underway ● Mine ramp up on plan For personal use only ● Open pit fleets operating day and night shift ● First underground stopes fired ● Red 5 workforce in place ● Over 1Mt of ore on ROM pad ready for processing at 30 June ● Mine workshops being fitted-out ● OP
Slide 13: 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 14: KOTH - strategic 4.7Mtpa mill located in Eastern Goldfields
KOTH - strategic 4.7Mtpa1 mill located in Eastern Goldfields ● With a processing cost of A$12/t1, the KOTH Regional process plants – mill size, unit cost and distance to Leonora process plant is the lowest cost mill in the Leonora For personal use only district 45 ● Large mill drives site-wide econo
Slide 15: A standout value opportunity in the Australian gold sector
A standout value opportunity in the Australian gold sector ● Red 5 EV/Reserve relative to its 1,200 For personal use only peers ● Valuation of WA based-gold Capricorn 1,000 companies1 ● Bubble Size = Enterprise Value EV / Reserve (A$/oz) 800 ● The planned development of Calidus Ramelius KOTH is expe
Slide 16: 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 17: Appendix
For personal use only Appendix www.red5limited.com Our CORRE Values: Courage, Ownership, Respect, Reliability, Excellence Page: 18
Slide 18: Red 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 19: 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 development For personal use
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