Slide 1: June 2023 Quarterly Results
For personal use only June 2023 Quarterly Results Mark Williams (MD), Patrick Duffy (CFO) Richard Hay (COO), Mat Collings (Corp Dev) 26 July 2023 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 ● 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 “Mineral Resource and O
Slide 3: Red 5 asset overview
Red 5 asset overview Red 5’s assets comprise the King of the Hills (KOTH) Gold Mine, Darlot Gold Mine and a 3.25% net smelter royalty over the Siana Gold Mine KOTH Summary For personal use only Mineral Resource5 4.75Moz 2H FY2023 Production6 103koz Ore Reserve5 2.7Moz Indicative Production2 >200koz
Slide 4: Leadership Team with strong mining expertise
Leadership Team with strong mining 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. Red 5 is undergoing a formal process to renew the composition and succession of th
Slide 5: June Quarter highlights – upper end of production guidance
June Quarter highlights – upper end of production guidance Quarterly 12-month TRIFR ● No recordable injuries for the quarter 20 ● Continued safety improvement, with 12-month TRIFR For personal use only 16 reducing to 9.0 from 15.5 quarter on quarter 12-month TRIFR 12 ● 61,705oz of gold produced for
Slide 6: SAG mill – throughput now up to 5.5Mtpa (nameplate 4Mtpa)
SAG mill – throughput now up to 5.5Mtpa (nameplate 4Mtpa) For personal use only www.red5limited.com Our CORRE Values: Courage, Ownership, Respect, Reliability, Excellence Page: 6
Slide 7: Mining performance for June 2023 Quarter
Mining performance for June 2023 Quarter Quarterly KOTH underground performance ● February 2023 was inflection point for project, with 1.70 mining commencing on the primary ore body in the 300 1.58 1.80 1.40 For personal use only open pit 250 1.50 200 1.01 1.20 t ('000s) ● All three mines are perfor
Slide 8: KOTH OP operations now mining on the main ore body
KOTH OP operations now mining on the main ore body Stage 1 KOTH open pit Ore Reserve model - contained ounces by RL RL HG LG For personal use only 5295 5285 5275 5265 5255 5245 5235 5225 5215 5205 5195 5185 5175 5165 5155 5145 5135 5125 5115 Currently mining the 5215 & 5205 mRL benches 5105 - 5,000
Slide 9: Financial position at June 2023
Financial position at 30 June 2023 ● Net debt position improved by $44.5m during Cash and Bullion Reconciliation A$m the Quarter to $81.9m at 30 June 2023 Cash and bullion – 31 March 2023 23.4 Cash and bullion of $45.9m Sales receipts net of hedging 149.5 For personal use only ● ● Bank Debt outstand
Slide 10: Guidance for FY24
Guidance for FY24 ● KOTH Process Plant expected to Production AISC Growth operate at 5.5Mtpa and be fed (koz) (A$/ounce) (A$m) by: For personal use only FY24 guidance 195-215 1,850-2,100 40-46 ● KOTH OP mine ● KOTH UG mine ● Darlot UG satellite mine ● OP mining rates to remain consistent ● Mining of
Slide 11: Standout value opportunity with steady-state operations
Standout value opportunity with steady-state operations ● Red 5 EV/Reserve relative to its 1,500 peers For personal use only ● Valuation of WA based-gold Bellevue companies1 1,200 Bubble size = Enterprise Value EV / Reserve (A$/oz) ● Ramelius ● The new KOTH Gold Mine 900 Gold Road positions Red 5 as
Slide 12: 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: 12
Slide 13: Appendicies
For personal use only Appendicies www.red5limited.com Our CORRE Values: Courage, Ownership, Respect, Reliability, Excellence Page: 13
Slide 14: Red 5 Limited – corporate profile
Red 5 Limited – corporate profile 0.5 Our Company Vision 0.4 “To be a successful multi-operational For personal use only exploration and mining company, providing benefits to all stakeholders, through the 0.3 0.2 consistent application of technical excellence, and responsible and sustainable industr
Slide 15: KOTH 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 105.5Mt @ 1.4 g/t for 70.2Mt @ 1.2 g/t for For personal use only 4.75Moz Au 2.66Moz Au ● Orebody in the contact zone of a substantial Granodiorite intrusion ● 4km long x 2km wide ● Historical unders
Slide 16: KOTH 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 0.4-1.0
Slide 17: KOTH Ore Reserve of 2.7Moz
KOTH Ore Reserve of 2.7Moz1 Total KOTH Ore Reserves as at June 2022 Cut-off JORC 2012 Tonnes Gold Contained Gold Deposit Mining Method For personal use only (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 18: Top Gold Deposits in Australia
Top 20 Gold Deposits in Australia Resources Reserves Mt g/t Moz Mt g/t Moz Cadia 3374.0 0.4 37.6 Cadia 1280.0 0.4 17.4 For personal use only 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 19: 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 Measured 32.0 0.30 0.3 Proven Measured 2.8 4.75 0.4 Proven 1.8 5.04 0.3 Measured Proven
Slide 20: 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: 20