Slide 1: Siana Gold Project
Red 5 Limited For personal use only * IFRIC 20 Standard and includes royalties (2%) and SDMP and EPEP commitments (4%) Siana Gold Project January 2015 RED 5 Li m i t ed
Slide 2: Geographical location – Siana Gold Project
Geographical location – Siana Gold Project For personal use only RED 5 Li m i t ed Slide 2
Slide 3: Red 5 at a glance
Red 5 at a glance For personal use only RED – ASX: (Share price at 19 January 2015) A$0.11 Issued shares 759 m Market capitalisation $83.5 m Cash (at 19 January 2015) $16.9 m Secured Debt & Hedging nil Substantial shareholders • Baker Steel Capital Managers LLP 19.8% • Franklin Resources
Slide 4: Recent activities
Recent activities For personal use only Cease and Desist Order (CDO) lifted over milling operations at Siana Gold Project Construction, upgrade and sign-off for Stage I of three Tailing Storage Facilities Construction of Thickener and Cement addition plant Estimated 195,000 tonnes of ore min
Slide 5: Construction and upgrade of tailings storage facilities
Construction and upgrade of tailings storage facilities For personal use only RED 5 Li m i t ed Slide 5
Slide 6: Construction of HDPE lined tailings storage facility (TSF 5)
Construction of HDPE lined tailings storage facility (TSF 5) For personal use only RED 5 Li m i t ed Slide 6
Slide 7: Construction of HDPE lined tailings storage facility (TSF 5)
Construction of HDPE lined tailings storage facility (TSF 5) For personal use only RED 5 Li m i t ed Slide 7
Slide 8: Upgrade existing tailings storage facilities (TSF 3 and 4)
Upgrade existing tailings storage facilities (TSF 3 and 4) For personal use only RED 5 Li m i t ed Slide 8
Slide 9: Upgrade existing tailings storage facilities (TSF 3 and 4)
Upgrade existing tailings storage facilities (TSF 3 and 4) For personal use only RED 5 Li m i t ed Slide 9
Slide 10: Upgrade existing tailings storage facilities (TSF 3 and 4)
Upgrade existing tailings storage facilities (TSF 3 and 4) For personal use only RED 5 Li m i t ed Slide 10
Slide 11: Construction, upgrade and sign-off for Stage I of three tailing storage facilities
Construction, upgrade and sign-off for Stage I of three tailing storage facilities For personal use only Capital cost to date A$12.1 million Capacity of 375,000 tonnes (currently at Stage I) Sign off received from Knight Piésold confirming that construction was accomplished to the approved des
Slide 12: Construction of a thickener and cement addition plant
Construction of a thickener and cement addition plant For personal use only RED 5 Li m i t ed Slide 12
Slide 13: Construction of a thickener and cement addition plant
Construction of a thickener and cement addition plant For personal use only RED 5 Li m i t ed Slide 13
Slide 14: Construction of a thickener and cement addition plant
Construction of a thickener and cement addition plant For personal use only RED 5 Li m i t ed Slide 14
Slide 15: Construction and commissioning of a thickener and cement addition plant
Construction and commissioning of a thickener and cement addition plant For personal use only Construction of a thickener and cement addition plant completed in November 2014 Capital cost A$3.7 million Process plant - an extensive systematic process was undertaken to inspect and rehabilitate a
Slide 16: Restart of mining activities
Restart of mining activities For personal use only Mining activities re commenced in June 2014; since then • total material movement is over 1.1 million BCM, of which 716,000 BCM is ex pit • majority has been used for TSF construction, with the balance used for the RoM Pad expansion and delivered to
Slide 17: Ore mined – December 2014
Ore mined – December 2014 For personal use only RED 5 Li m i t ed Slide 17
Slide 18: Status of dewatering and depressurising wells – phase I
Status of dewatering and de pressurising wells – phase I For personal use only 7 wells operational Part Operating Operating Operating Well construction issue - TBD Operating 3 Wells Operating RED 5 Li m i t ed Slide 18
Slide 19: Power supply upgrade
Power supply upgrade For personal use only The Siana Gold Project was connected to the external grid mains power in June 2014 and is no longer solely reliant on the site-generated power To date the external grid mains power has largely remained stable, however potential availability concerns rem
Slide 20: Next steps …
Next steps … For personal use only Recommence commercial gold production Once positive cash flow is generated: - re-commence exploration - underground in-fill drilling - open pit and underground mining review - long term tailings storage facility solution RED 5 Li m i t ed Slide 20
Slide 21: Potential 2015 exploration activities
Potential 2015 exploration activities For personal use only Siana Gold Project – near mine exploration Alegria – within Siana tenements Siana Gold Project – U/G in-fill drilling Mapawa LSY and St Nino targets – regional exploration RED 5 Li m i t ed Slide 21
Slide 22: Surigao del Norte Province – highly prospective
Surigao del Norte Province – highly prospective For personal use only Slide22 22 RED 5 Li m i t ed Slide
Slide 23: Underground Mining
Underground Mining For personal use only Commence an infill drilling program Review underground mining strategy and feasibility study by third party specialist Update underground resource and reserve model RED 5 Li m i t ed Slide Slide23 23
Slide 24: Long term tailings storage facility
Long term tailings storage facility For personal use only Review prior work Decide on best long term tailings storage strategy and options Prepare detail design for new facility Acquire land for new facility and obtain necessary permits Construct and operate new tailings facility RED 5 Li
Slide 25: On-going community support
On-going community support For personal use only Support continues in the areas of: Health Education Welfare Agricultural Infrastructure Clean water RED 5 Li m i t ed Slide 25
Slide 26: Environmental Responsibility
Environmental Responsibility For personal use only Committed to high environmental standards Continual water quality monitoring Water drainage systems Tree planting RED 5 Li m i t ed Slide 26
Slide 27: Competent Persons Statement
Competent Persons Statement For personal use only The information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr Byron Dumpleton, a Competent Person, who is a Member of the Australian Institute of Geoscientists. Mr Dumplet
Slide 28: Summary & Questions
Summary & Questions For personal use only Cease and Desist Order lifted Production re-started Asset quality and tenement growth potential remains Exploration to re-start RED 5 Li m i t ed Slide 28
Slide 29: Contact details
Contact details For personal use only Australia Philippines Red 5 Limited Greenstone Resources Corporation Level 2, Level 5, 35 Ventnor Avenue NOL Tower, Commerce Ave West Perth Muntinlupa City Western Australia Manila 6005 1770 Ph: + 61 8 9322 4455 Ph: + 63 2 807 2790 Mark Williams (Manag