Red 5 — RIU Explorers Conference 2018
21 slides from Red 5's conference presentation, Feb 22, 2018
Slide 1: ASX Code: RED – Mark Williams, Managing Director
ASX Code: RED 20-22 February 2018 – Mark Williams, Managing Director
Slide 2: Competent Person's Statement & Disclaimer
Competent Person’s Statement & Disclaimer Competent Person Statement for Exploration Results The information in this presentation which relates to Exploration Results is extracted from the ASX announcement titled High-Grade Drilling Results Confirm Potential for Resource Extensions within Key Mining
Slide 3: Red 5 – Corporate Summary
Red 5 – Corporate Summary Share Price Issued Shares Market Cap • Kevin Dundo Chairman (at 20/02/18) (undiluted) (at 20/02/18) • Mark Williams Managing Director A$0.071 1,240.7M A$88.0M • Ian Macpherson Non-executive Director • Colin Loosemore Non-executive Director Enterprise Value Debt Cash/Bullion
Slide 4: Red 5 Projects: 2.4Moz Resource Inventory
Red 5 Projects: 2.4Moz Resource Inventory Siana Gold Project, Philippines • Open pit and underground mining Darlot Gold Mine, WA • CIL process plant • Underground mining • Operations temporarily suspended • CIL process plant Mapawa Project, Philippines King of the Hills Gold Project, WA • Developmen
Slide 5: Consolidation and Growth Strategy – WA
Consolidation and Growth Strategy – WA New Australian gold producer following successful acquisition of two projects in the prolific Yandal and Leonora greenstone belts: Darlot Gold Mine – operating UG mine with 2.7Moz gold production history, 0.83Mtpa plant, extensive infrastructure (acquired f
Slide 6: Growth Potential – Against Peers
Growth Potential – Against Peers Projects with processing option in Projects with no current place or close to commissioning processing option (average A$130/oz) (average A$60/oz) Source: Share Prices from ASX 13 Feb 2018, company data from company releases up to 9 Feb 2018 Red 5’s JORC 2012 Resou
Slide 7: Darlot – Mining and Operational Strategy
Darlot – Mining and Operational Strategy Acquisition completed 2 October 2017 Gold production of 17,777oz and gold sales of 16,150oz for Dec 2017 Quarter; AISC A$1,291/oz Multiple working areas including higher grade CDA Oval workings (Centenary mine) Key focus on mining areas in upper and m
Slide 8: Growth Potential – Resources & Reserves
Growth Potential – Resources & Reserves Updated JORC 2012 Resource of 6.0Mt @ 4.6g/t for 895koz – four-fold increase in contained ounces over previous Gold Fields SAMREC Resource estimate4, primarily due to: Inclusion of areas previously considered sterilised Reduced mining cut-off grades In
Slide 9: Growth Potential – Near-Mine Extensional Drilling
Growth Potential – Near-Mine Extensional Drilling Underground diamond drilling commenced January 2018 targeting immediate western and down dip extensions of the CDA Oval resource Extensions along strike and down- plunge can be readily accessed from existing infrastructure Early drilling succes
Slide 10: Darlot – An Explorer's Delight
Darlot – An Explorer’s Delight Rich goldfield with production of 2.7Moz over a 28-year operating history7 Positioned in the heart of the highly prospective Yandal Greenstone Belt Total land-holding of approximately 13,900ha with tenements in good standing – minimal third party royalties Larg
Slide 11: Darlot – A Systematic Build-up of Knowledge
Darlot – A Systematic Build-up of Knowledge Extensive available datasets include: Induced Polarisation survey data Tenement-wide multi-element geochemistry Mineral deposit fingerprinting Alteration mapping – spectral data analysis Airborne and detailed ground magnetics 3D Seismic – nea
Slide 12: Darlot – Multiple Near-Surface & Deep Targets
Darlot – Multiple Near-Surface & Deep Targets Aurora Target – strong Darlot - Key multi-element geochemical underground targets target along strike from Centenary Waikato Open Pit – Magnetic Target - near surface resource in- Waikato IP, Thrust fill drilling and Repeat Mine Targets extensional oppor
Slide 13: Aurora – Looking for Centenary Repeat
Aurora – Looking for Centenary Repeat Priority target area located just 1km south-east of existing A1 Centenary operation A doppelgänger for the Centenary Mine: Sits in the same host magnetic dolerite position as Centenary Has 13 of the 15 geochemical characteristics that define Centenary
Slide 14: Waikato Open Pit – Magnetic Target
Waikato Open Pit – Magnetic Target 2km of largely untested strike potential Darlot-Centenary High priority walk-up drill targets identified: Magnetic high feature 300m NW of Waikato North and 400m SE of Waikato South 400m section of magnetic high response between Waikato and Waikato South Ma
Slide 15: Waikato Deep – IP, Thrust Repeat Mine Targets
Waikato Deep – IP, Thrust Repeat Mine Targets Strong Induced Polarised chargeability response Magnetics coincident with magnetic stratigraphy (Mt Pickering Dolerite): Intersected by major regional Oval and Lords structures, with El Dorado fault located to the east Cut by repeat thrust structur
Slide 16: Darlot – Key Underground Targets
Darlot – Key Underground Targets Lords High Amplitude – identified in seismic data, is El Dorado along strike of major mine controlling structure, nearby North Lords High Oval Inverse Polarisation response, ~700m from UG Amplitude North infrastructure West Oval North West – immediately adjacent
Slide 17: King of the Hills Mine – Growth and Upside
King of the Hills Mine – Growth and Upside Located in prolific Leonora Greenstone Belt Underground Indicated and Inferred Resource of 2.71Mt @ 4.6g/t Au for 402koz3 Underground mining, grade control and Resource drilling commenced January 2018 Studies underway on potential to beneficiate low
Slide 18: King of the Hills – Regional Targets
King of the Hills – Regional Targets 11,751 ha tenement package in the Leonora Greenstone Belt, complete with extensive high-quality exploration datasets: High resolution magnetics High resolution gravity 2D seismic lines (over deposit position) Tenement wide soil geochemistry RAB/AC dri
Slide 19: Siana Gold Project, Philippines
Siana Gold Project, Philippines Mining suspended at Siana Gold Project in April 2017 in response to regulatory delays Suspension plan rapidly and effectively implemented to preserve the significant retained value of the large in-ground gold inventory at Siana During the period of suspension, e
Slide 20: Red 5 Limited – Summary and Outlook
Red 5 Limited – Summary and Outlook Dynamic growth strategy in the Australian gold sector underway, while preserving inherent value of Philippines projects The combination of Darlot and King of the Hills provides: A commanding 25,700ha footprint in the highly-endowed Leonora- Leinster gold dis
Slide 21: Thank-you.
Thank-you. ¥ RED ASX Code: RED