Slide 1: Dec-21 Quarterly Presentation
For personal use only Dec-21 Quarterly Presentation Mark Williams, Patrick Duffy, Jason Greive, Warren King 25 January 2022 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 – poised to deliver Australia's next major gold mine
Red 5 – poised to deliver Australia’s next major gold mine ✓ Red 5 has two gold mines in one of the world’s safest and most prospective gold districts For personal use only ✓ King of the Hills (KOTH) is a major Australian gold deposit ● Mineral Resource of 4.12Moz1 and Ore Reserve of 2.4Moz2 ● On tr
Slide 4: Red 5 Limited – Corporate Profile
Red 5 Limited – Corporate Profile For personal use only Our Company Vision “To be a successful multi-operational exploration and mining company, providing benefits to all stakeholders, through the consistent application of technical excellence, and responsible and sustainable industry practices.” Sh
Slide 5: ESG – Proactive COVID preparation/management
ESG – Proactive COVID preparation/management For personal use only Zenith currently constructing 2MW solar energy and battery farm at KOTH (similar Zenith power installation shown in picture) 1. Total Recordable Injury Frequency Rate (12 month ave.), total recordable injuries per million hours worke
Slide 6: Darlot's Dec-Qtr production in line with guidance
Darlot’s Dec-Qtr production in line with guidance ● Darlot Dec-Quarter production1 For personal use only ● Quarterly production of 16,519 ounces ● Quarterly AISC of A$2,556/oz ● Operator shortages in the WA labour market continue to impact mining activities ● Redpath mine development program on trac
Slide 7: KOTH operational readiness
KOTH operational readiness For personal use only www.red5limited.com Our CORRE Values: Courage, Ownership, Respect, Reliability, Excellence Page: 7
Slide 8: KOTH preparation for mining
KOTH preparation for mining ● Site mobilisation For personal use only ● Macmahon now on site, constructing infrastructure ● Equipment being mobilised in January ● Macmahon recruitment remains on plan ● Mine planning ● First 13-week schedule ready ● Start open pit mining in February ● Grade control ●
Slide 9: All major SAG mill components have been installed
All major SAG mill components have been installed For personal use only www.red5limited.com Our CORRE Values: Courage, Ownership, Respect, Reliability, Excellence Page: 9
Slide 10: Power station - commissioning Feb-22
Power station - commissioning Feb-22 For personal use only www.red5limited.com Our CORRE Values: Courage, Ownership, Respect, Reliability, Excellence Page: 10
Slide 11: Gyratory crusher installed – commissioning Feb-22
Gyratory crusher installed – commissioning Feb-22 For personal use only www.red5limited.com Our CORRE Values: Courage, Ownership, Respect, Reliability, Excellence Page: 11
Slide 12: KOTH – first gold on-track for June 2022 quarter
KOTH – first gold on-track for June 2022 quarter For personal use only 2021 2022 MQ JQ SQ DQ MQ JQ SQ DQ Debt financing Construction and mine permits Bulk earthworks and Village Mill and Crusher delivery to site EPC full mobilisation Site construction and installation Commissioning Mine Contractor m
Slide 13: KOTH – construction is on schedule and within budget
KOTH – construction is on schedule and within budget A$M1 For personal use only Processing and infrastructure 188 Owners costs 12 Sub-total 200 Contingency 19 Sub-total 219 Mining pre-strip 7 Total capital cost 226 ● The majority of remaining project expenditure is through fixed-price contracts ● $1
Slide 14: A standout value opportunity in the Australian gold sector
A standout value opportunity in the Australian gold sector ● Red 5 EV/Reserve relative For personal use only to its peers 1,200 Silver Valuation of WA based-gold Capricorn ● Lake companies1 Ramelius EV / Reserve (A$/oz) ● Bubble Size = Enterprise 900 Value Calidus ● The planned development Gold Road
Slide 15: 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: 15
Slide 16: Appendix
For personal use only Appendix www.red5limited.com Our CORRE Values: Courage, Ownership, Respect, Reliability, Excellence Page: 16
Slide 17: US$55 million divestment of Siana Gold Project
US$55 million divestment of Siana Gold Project ● The Siana Gold Project, owned by Philippine- For personal use only affiliated company Greenstone Resources, suspended mine operations in April 2017 ● Red 5 announced the completed sale of Siana on 21 September 2021 ● US$19M cash received ● 3.25% NSR r
Slide 18: KOTH now fully financed through to operations
KOTH now fully financed through to operations A$175M Syndicated Facility Agreement comprising: For personal use only Facility Amount ● A$160M Senior Secured Project Loan Facility; and and Syndicate ● ● A$15M Cost Overrun and Working Capital Facility. Banks ● Syndicate Banks – Macquarie (50%), BNP Pa
Slide 19: 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 both at Red 5 and previously at multi- billion international development projects – the Company is well placed to deliver the KOTH development For personal use
Slide 20: KOTH – 4.1Moz Mineral Resource
KOTH – 4.1Moz Mineral Resource1 For personal use only Total Open Pit & Underground KOTH Resource as at Jun 2021 Cut-off Mining Gold Contained Gold Classification Tonnes (000t) (g/t) Method (g/t) (000oz) Indicated 0.4-1.0 OP+UG 69,600 1.4 3,030 Inferred 0.4-1.0 OP+UG 21,100 1.6 1,090 Total 0.4-1.0 OP
Slide 21: KOTH – 2.4Moz Ore Reserve
KOTH – 2.4Moz Ore Reserve1 Total KOTH Ore Reserves as at September 2020 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 0.39 Probable 58.5 1.1 2.1 KOTH Underground 1.60 Probable 2.4 2.3 0.2 Rainbow Open pit