Slide 1: RIU Explorers Conference
For personal use only RIU Explorers Conference 19 February 2020 ASX Code: RED Byron Dumpleton, Chief Geologist
Slide 2: Competent Person's Statement and Disclaimer
Competent Person’s Statement and Disclaimer For personal use only Competent Person Statement for Exploration Results The information in this presentation which relates to Exploration Results is extracted from ASX announcements; “Red 5 commences significant drilling program to unlock large-scale bulk
Slide 3: Red 5 Limited – corporate profile
Red 5 Limited – corporate profile For personal use only Board Kevin Dundo Corporate lawyer with expertise in mining Non-exec. Chairman and financial services Mark Williams Mining Engineer, previous roles with Orica Managing Director and Xstrata Ian Macpherson Chartered Accountant, specialist in capi
Slide 4: Pathway to be a multi-asset, mid-tier gold producer
Pathway to be a multi-asset, mid-tier gold producer For personal use only KING OF DARLOT THE HILLS STRONGER FY 2019/2020 Australia’s next BALANCE 110-120kozpa production premier gold SHEET project ▪ Successful integration of two ▪ Potential second standalone ▪ Cash/bullion A$26.6M at Dec 2019 “unlov
Slide 5: Operation: currently funding Growth and Exploration programs
For personal use only Operation: currently funding Growth and Exploration programs 5
Slide 6: Darlot Gold Mine and processing centre
Darlot Gold Mine and processing centre For personal use only ▪ FY2020 guidance of 110‐120koz at an AISC of A$1,350 – A$1,500/oz ▪ 1H FY2020 production 51,995oz at AISC of A$1,556/oz ▪ Mar 2020 Quarter guidance 25,000-29,000oz at AISC of A$1,450-$1,585/oz ▪ KOTH u/g ramp-up completed, currently minin
Slide 7: FY2020 drill program - 152,300 metres
FY2020 drill program - 152,300 metres For personal use only ▪ KOTH Underground Resource development & grade control two underground diamond drill rigs 85,000 metres ▪ KOTH Regional Resource development one surface reverse circulation drill rig 25,000 metres ▪ Darlot Underground Resource development
Slide 8: King of the Hills: unlocking value for shareholders
For personal use only King of the Hills: unlocking value for shareholders 8
Slide 9: Potential to be Australia's next premier gold mine
KOTH - potential to be Australia’s next premier gold mine For personal use only 9
Slide 10: Resource and Reserve will grow
KOTH - Resource and Reserve will grow ▪ Indicated and Inferred Resource (OP + UG) of 66.0Mt at 1.5g/t Au for For personal use only 3.11Moz1 ▪ Based on data up to 14 February 2019 ▪ 12 months of additional data to be included in next Resource update scheduled for June 2020 Quarter ▪ Drilling continue
Slide 11: Final Feasibility Study indicative schedule
KOTH Final Feasibility Study indicative schedule* For personal use only * Subject to satisfactory completion of each milestone and all Board and Regulatory approvals Feb-20 JunQ-20 SepQ-20 Drilling cut- Resource Jun-20 FFS & Reserve off for FFS Update Mine plan Release Dec-19 Dec-20 Permitting & Fin
Slide 12: Targets for incremental Resource growth
KOTH – Targets for incremental Resource growth OPEN PIT UPSIDE – IN THE FEASIBILITY STUDY For personal use only ▪ Reappraisal of top cuts for existing Resource to be consistent with underground reconciliations and historical open pit performance ▪ 35km program of un-assayed historical drill core ▪ D
Slide 13: Historical drill core assay program
KOTH - Historical drill core assay program Assay highlights include1: For personal use only ▪ 3.0m @ 13.3g/t Au ▪ 1.4m @ 30g/t Au ▪ 16.0m @ 2.6g/t Au ▪ 7.0m @ 5.0g/t Au ▪ 3.0m @ 16.8g/t Au ▪ 15.4m @ 2.6g/t Au ▪ 2.8m @ 14.4g/t Au ▪ 1.0m @ 39.9g/t Au ▪ 14.1m @ 5.2g/t Au ▪ 10.0m @ 3.6g/t Au ▪ 4.5m @ 7.
Slide 14: Mineralisation open in all directions
KOTH - mineralisation open in all directions Outstanding broad “whole-of-hole” For personal use only composite intercepts include1: White Walker ▪ 459m @ 1.5g/t Au (KUGC0007) ▪ 234m @ 2.0g/t Au (KHRD0098) ▪ 330m @ 1.7g/t Au (KHRD0095) ▪ 162m @ 3.0g/t Au (KUGC0019) ▪ 174m @ 2.3g/t Au (KUGC0021) ▪ 190
Slide 15: New structural corridor identified
KOTH – new structural corridor identified ▪ Located south of the Lemonwood area and north For personal use only of the historically-mined Eastern Flanks ▪ Very promising early signs for significant bulk tonnage ▪ Target area represents the down-dip extensions along the Osha/Imperial structural corri
Slide 16: Future development to explore along contact
KOTH - future development to explore along contact For personal use only ▪ Exploration aimed at increasing the Resource in total tonnage and potentially grade Mineralisation down the nose ▪ Granodiorite/ultramafic contact zone extends almost 12km around the granodiorite, with the potential to host g
Slide 17: New exploration targets
KOTH– new exploration targets ▪ New and updated exploration data layers have increased For personal use only confidence for effective targeting outside of the mine area ▪ Integrated datasets have identified priority targets along the Tarmoola and Ursus Fault Zones Prospects ▪ Tarmoola Fault Zone KOT
Slide 18: Darlot Exploration: targeting 5-10 year mine life
For personal use only Darlot Exploration: targeting 5-10 year mine life 18
Slide 19: Darlot Mining Hub Strategy
Darlot Mining Hub Strategy For personal use only ▪ Significant existing endowment (31 December 2019)1 ▪ Reserve 2.6Mt @ 3.3g/t Au for 275koz ▪ Resource 10.8Mt @ 3.5g/t Au for 1.2Moz o UG - 8.1Mt @ 4.3g/t Au for 1.12Moz o OP - 2.7Mt @ 0.9g/t Au for 82koz ▪ Current Resource/Reserve based on conservati
Slide 20: Strategic options to extend Darlot's LOM
Strategic options to extend Darlot’s LOM For personal use only Optimising and extending what we have at Darlot Underground ▪ Extending existing Resources, including identifying mineable remnants ▪ Step-out underground exploration using HiSeis 3D seismic data ▪ Resource extension drilling underway ▪
Slide 21: Darlot - Lords Felsics
Darlot - Lords Felsics1 For personal use only ▪ Updated Resource1 of 1.6Mt @ 3.3g/t Au for 171,200oz based on recent drilling ▪ Mineralisation remains open along strike to the north and south, and down-dip ▪ Lords Felsics is located 60-80m vertically from current underground infrastructure ▪ Develop
Slide 22: Darlot – regional exploration
Darlot – regional exploration For personal use only Ockerburry Hill (Dingo Ridge)1 Gipps Hill3 ▪ 4km-long mineralised zone proximal to the ▪ Mineralised shear-hosted quartz lode (up to Ockerburry fault corridor 5m wide) intercepted in historical RC drilling with grades up to 12.1g/t Au3 ▪ Mineralisa
Slide 23: Red 5 – an emerging mid-tier gold producer
Red 5 – an emerging mid-tier gold producer For personal use only ▪ Two flagship mine assets in the Eastern Goldfields, both with strong potential for growth ▪ Darlot is delivering operating cash flows that are enabling the development of the KOTH Expansion Project and Exploration ▪ KOTH Feasibility
Slide 24: Thank-you
For personal use only Thank-you 24 ASX Code: RED
Slide 25: 3.1Moz Resource at KOTH will grow
3.1Moz Resource at KOTH will grow For personal use only Total Open Pit & Underground KOTH Resource as at May 2019 Cut-off Mining Tonnes Gold Contained Gold ▪ Cut-off date for inclusion of Classification drilling data and mining (g/t) Method (000t) (g/t) (000oz) depletion as at 14 February Indicated
Slide 26: 1.45Moz Reserve from open pit mining
KOTH – 1.45Moz Reserve from open pit mining For personal use only Cut- Gold Contained JORC 2012 Mining Tonnes Deposit off Grade Gold Classification Method (Mt) (g/t) (g/t) (koz) King of the Hills Probable 0.43 Open pit 36.0 1.25 1,448.0 Rainbow Probable 0.37 Open pit 1.4 1.00 44.2 TOTAL 37.4 1.24 1,
Slide 27: PFS - planned 4Mtpa Mill for open pit mine
PFS - planned 4Mtpa Mill for open pit mine For personal use only Pre-feasibility study KOTH OP Rainbow OP TotalPhoto LOM Waste movement (Mt) 222.4 6.1 228.4 LOM Ore Mined (Mt) 36 1.4 37.4 Contained Gold (Moz) 1.45 0.04 1.49 Recovery (%) 92.8 92.0 92.8 Recovered Gold (Moz) 1.34 0.04 1.38 Strip ratio
Slide 28: Regional Exploration – Surface Drilling
KOTH Regional Exploration – Surface Drilling For personal use only Eclipse1: ▪ Centauri and Cerebus-Eclipse ▪ 4m @ 17.08g/t Au from 54m (19ECRC0012) targets may form part of a ▪ 8m @ 1.51g/t Au from 127m (19ECRC0004) ▪ 5m @ 2.38g/t Au from 108m (19ECRC0003) single, large mineralised system ▪ 9m @ 0.