Red 5 — Resources Rising Stars conference 2018
19 slides from Red 5's conference presentation, May 30, 2018
Slide 1: Red 5 – ASX Code: RED
ASX Code: RED 29 – 30 May 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 Minin
Slide 3: Red 5 – Corporate Summary
Red 5 – Corporate Summary Share Price Issued Shares Market Cap • Kevin Dundo Chairman (at 25/05/18) (undiluted) (at 25/05/18) • Mark Williams Managing Director A$0.066 1,240.7M A$81.9M • Ian Macpherson Non-executive Director • Colin Loosemore Non-executive Director Enterprise Value Debt Cash/Bullion
Slide 4: Red 5 Projects: 2.4Moz Resource Inventory
Red 5 Projects: 2.4Moz Resource Inventory Siana Gold Project, Philippines • Open pit and underground mining Darlot Gold Mine, WA • CIL process plant • Underground mining • Operations temporarily suspended • CIL process plant Mapawa Project, Philippines King of the Hills Gold Project, WA • Developmen
Slide 5: Growth Potential – Against Peers
Growth Potential – Against Peers 400 350 Projects with processing option in Projects with no current EV A$/oz resources 300 place or close to commissioning processing option 250 (average A$122/oz) (average A$67/oz) 200 150 100 50 0 Source: Share Prices from ASX 22 May 2018, company data from company
Slide 6: Eastern Goldfields – Production and Processing
Eastern Goldfields – Production and Processing Strong performance at Darlot Underground since 2 October 2017 Underground mining commenced at KOTH in January 2018 – ramp-up progressing well Forecast guidance for CY2018 of 85,000-95,000oz Forecast guidance for June 2018 Quarter of 18,000-23,00
Slide 7: Ockerburry Hill Tenement
Ockerburry Hill Tenement Acquisition consistent with Red 5’s Eastern Goldfields consolidation strategy Tenement EL36/865, located approximately 20km west of Darlot, acquired from global gold miner AngloGold Ashanti Tenement covers a highly prospective part of the Yandal Greenstone Belt and inc
Slide 8: Darlot – A Treasure Trove of Opportunity
Darlot – A Treasure Trove of Opportunity Lords High Pipeline of ranked Amplitude exploration and resource targets Large number of bolt-on opportunities for El Dorado near-term Resource South and Reserve growth Recent acquisition of Ockerburry Hill Tenement, 20km west of Darlot, from AngloGold
Slide 9: Darlot – Multiple Near-Surface & Deep Targets
Darlot – Multiple Near-Surface & Deep Targets Darlot Thrust extension targets Aurora Target – strong multi-element geochemical target along strike from Centenary Darlot - Key underground targets Waikato Open Pit – Waikato IP, Thrust Magnetic Target – Repeat Mine Targets near-surface resource in- fil
Slide 10: Waikato Open Pit – Magnetic High Target
Waikato Open Pit – Magnetic High Target 2km of largely untested strike potential 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 Waikato tren
Slide 11: Darlot – Key Underground Targets
Darlot – Key Underground Targets Second underground drill rig arriving in June – El Dorado focus on near-mine targets and 3D seismic Oval North Lords High Amplitude targets: North West Lords High Amplitude CDA Lords Oval North West Felsics Oval Flattening El Dorado Pederson South Oval South
Slide 12: 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 13: Growth Potential – Near-Mine Extensional Drilling
Growth Potential – Near-Mine Extensional Drilling5 5.0m @ 5.7g/t Au (CAD0400) 5.0m @ 5.5g/t Au (CAD0401) 1.0m @ 7.8g/t Au (CAD0402) 9.0m @ 13.2g/t Au (CAD0403) 0.8m @ 0.8g/t Au (CAD0404) 4.5m @ 7.2g/t Au (CAD0405) 5.0m @ 50.0g/t Au (CAD0406) 5.0m @ 10.0g/t Au (CAD0407) 4.5m @ 28.4g/t Au (CAD0408) 5.
Slide 14: 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 402koz (Saracen Minerals Resource and Reserve Statement, 2 August 2017) Underground mining and resource drilling commenced January 2018,
Slide 15: King of the Hills – Growth Opportunities
King of the Hills – Growth Opportunities Heap Leach assessment: Potential to heap leach lower-grade ore from KOTH underground and cut-back to historical open pit Preliminary test work indicates +70% recovery achievable at typical heap leach operating conditions Second stage column leach test
Slide 16: 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 17: 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 18: Red 5 – New Mines, Not Old Mines
Red 5 – New Mines, Not Old Mines Commanding 36,489ha footprint in the highly-endowed Leonora- Leinster gold district – Darlot, King of the Hills and Ockerburry Hill On EV / Resource oz, on known resources, Red 5 is undervalued Darlot exploration is delivering broad mineralised intercepts at gr
Slide 19: Thank-you
Thank-you ¥ RED ASX Code: RED