Slide 1: Dec-22 Quarterly Presentation
For personal use only Dec-22 Quarterly Presentation Mark Williams, Richard Hay, Patrick Duffy 24 January 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 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: Red 5 Limited – Corporate profile
Red 5 Limited – Corporate profile 0.50 Our Company Vision For personal use only 0.45 0.40 0.35 “To be a successful multi-operational 0.30 exploration and mining company, providing 0.25 benefits to all stakeholders, through the 0.20 consistent application of technical excellence, 0.15 and responsible
Slide 4: Ramping up production of Australia’s next major gold mine
Ramping up production of Australia’s next major gold mine ✓ The King of the Hills Gold Mine (KOTH) is located one of the world’s safest and most prospective gold For personal use only districts ✓ KOTH is a major Australian gold mine – Top 10- largest Ore Reserves in Australia1 ● Mineral Resource of
Slide 5: ESG – Proactive COVID preparation/management
ESG – Proactive COVID preparation/management For personal use only 1. Total Recordable Injury Frequency Rate (12 month ave.), total recordable injuries per million hours worked. 2. LTIFR = Lost Time Injury Frequency Rate (12 month ave.), the number of lost time injuries per million hours worked. 3.
Slide 6: 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: 6
Slide 7: SAG mill – commercial production declared Dec 2022
SAG mill – commercial production declared 16 Dec 2022 For personal use only www.red5limited.com Our CORRE Values: Courage, Ownership, Respect, Reliability, Excellence Page: 7
Slide 8: Darlot drilling results identified potential to upgrade Resource
Darlot drilling results identified potential to upgrade Resource1 Middle Walters South For personal use only ● 6.0m at 71.4g/t ● 3.4m at 42.5g/t ● 31.1m at 5.8g/t Centurion Lode ● 1.1m at 1,521.5g/t Dar-Cent Bulk ● 24.6m at 2.8g/t ● 82.3m at 1.5g/t Surface drilling at St Georges deposit ● 3.0m at 2,
Slide 9: KOTH open pit mine plan currently extends to 2037
KOTH open pit mine plan currently extends to 20371 For personal use only 1. Red 5 ASX Release: 7 September 2022 www.red5limited.com Our CORRE Values: Courage, Ownership, Respect, Reliability, Excellence Page: 9
Slide 10: Progressing stage of the open pit
Progressing stage 1 of the open pit For personal use only www.red5limited.com Our CORRE Values: Courage, Ownership, Respect, Reliability, Excellence Page: 10
Slide 11: OP now mining through the granodiorite-ultramafic contact
OP now mining through the granodiorite-ultramafic contact1 Stage 1 waste cutback For personal use only completed in January As the open pit deepens, the successive benches demonstrate the progressive increase in tonnes and grade at depth 1. Red 5 ASX Release: 24 January 2023 www.red5limited.com Our
Slide 12: KOTH produced 36,260 ounces in the December Quarter
KOTH produced 36,260 ounces in the December Quarter ● During the quarter, the mill averaged 88.3% availability to process 1.1Mt of ore For personal use only ● Included major planned 6-day shutdown in December ● During November, run-rate of ~5Mtpa was achieved averaging 611 dry tonnes per operating h
Slide 13: 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 1,800 For personal use only peers Capricorn ● Valuation of WA based-gold 1,500 companies1 Bellevue EV / Reserve (A$/oz) ● Bubble size = Enterprise Value 1,200 ● The production ramp up of Ramelius KOTH is ex
Slide 14: 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: 14
Slide 15: Appendix
For personal use only Appendix www.red5limited.com Our CORRE Values: Courage, Ownership, Respect, Reliability, Excellence Page: 15
Slide 16: 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 – For personal use only the Company is well placed to deliver the KOTH Gold Mine Board Management team Kevin Dundo Corporate lawyer specialising in commercial a
Slide 17: 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, Regional process plants – mill size, unit cost and distance to Leonora the KOTH process plant is the For personal use only lowest cost mill in the Leonora 45 district 40 ● Large mill drives site-wide Gwal
Slide 18: 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 For personal use only 105.5Mt @ 1.4 g/t for 70.2Mt @ 1.2 g/t for 4.75Moz Au 2.66Moz Au ● Ore body in the contact zone of a substantial Granodiorite intrusion ● 4km long x 2km wide ● Historical unders
Slide 19: 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 20: KOTH Ore Reserve of 2.7Moz
KOTH Ore Reserve of 2.7Moz1 Total KOTH Ore Reserves as at June 2022 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 0.4 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 21: KOTH 5-year UG mine plan is only constrained by drilling
KOTH 5-year UG mine plan1 is only constrained by drilling For personal use only 1. Red 5 ASX Release: 7 September 2022 www.red5limited.com Our CORRE Values: Courage, Ownership, Respect, Reliability, Excellence Page: 21
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 3374.0 0.4 37.6 Cadia 1280.0 0.4 17.4 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 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 2.8 4.75 0.4 Proven 1.8 5.0