Slide 1: Investor Presentation
For personal use only Investor Presentation 12 May 2020 ASX Code: RED Mark Williams, Managing Director
Slide 2: Competent Person’s Statement and Disclaimer
Competent Person’s Statement and Disclaimer For personal use only Competent Person Statement for Exploration Results The information in this presentation which relates to Exploration Results is extracted from ASX announcements (available on the ASX web-site at www.asx.com.au); “Red 5 commences signi
Slide 3: Australian gold’s standout growth opportunity
Australian gold’s standout growth opportunity ✓ Red 5 has two gold mines in one of the World’s most For personal use only attractive gold regions ✓ King of the Hills (KOTH) - 4.1Moz1 and growing ✓ KOTH – PFS 140kozpa (open pit only) with 10-year LOM2, with mine plan upside potential identified follo
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: Strong leadership team with operating expertise
Strong leadership team with operating expertise For personal use only Red 5 has a strong and capable team, with many years of mining and development experience at both Red 5 and in prior multi-billion international development projects – the Company is well placed to deliver the future KOTH developm
Slide 6: 2020: two producing mines, one plant
KOTH UG Mine Darlot UG Mine Darlot Plant For personal use only 2020: two producing mines, one plant 6 6
Slide 7: A company built on a strong safety culture
A company built on a strong safety culture For personal use only ▪ Safety focused on bottom up approach supporting organisational values ▪ The Total Recordable Injury Frequency Rate (TRIFR, 12 month moving average) of 8.2 at Apr 2020 ▪ Continual engagement and focus on Safety ownership to intervene
Slide 8: Darlot operations have funded Australian growth
Darlot operations have funded Australian growth For personal use only 8
Slide 9: Darlot opportunity to extend LOM
Darlot opportunity to extend LOM For personal use only Darlot Gold Mine 1 Cables & Mission 4 ▪ Combined JORC 2004 Resource of 1.5Mt @ ▪ Resource 10.8Mt @ 3.5g/t Au for 1.2Moz 3.1g/t Au for 185koz2 ▪ Reserve 2.6Mt @ 3.3g/t Au for 275koz ▪ Historical drilling suggests both deposits (complemented by KO
Slide 10: KOTH - potential to be Australia’s next premier gold mine
KOTH - potential to be Australia’s next premier gold mine For personal use only 10
Slide 11: KOTH 4.1Moz Mineral Resource - increase of 31%
KOTH 4.1Moz Mineral Resource1 - increase of 31% For personal use only Total Open Pit & Underground KOTH Resource as at March 2020 Cut-off Mining Tonnes Gold Contained Gold ▪ Cut-off date for inclusion of Classification drilling data and mining (g/t) Method (000t) (g/t) (000oz) depletion as at 19 Feb
Slide 12: KOTH Satellite Deposits – Resource of 308koz
KOTH Satellite Deposits 1 – Resource of 308koz For personal use only ▪ Maiden JORC Mineral Resources announced in May 20201: o Cerebus-Eclipse: Indicated and Inferred Resource of 2.8Mt @ 1.2g/t Au for 112,000oz o Centauri: Indicated and Inferred Resource of 1.7Mt @ 1.5g/t Au for 81,300oz ▪ Together
Slide 13: King of the Hills Project – equity finance secured
King of the Hills Project – equity finance secured ✓ One of Australia’s premier emerging gold projects For personal use only Mar-20 Mineral Resource1 4.1Moz ✓ Resource increase by 31% to 4.1Moz (Mar 2020) 88% of the increase came from geology (not gold price) Aug-19 Pre-Feasibility Study2 ✓ 83% of 4
Slide 14: KOTH Final Feasibility Study indicative schedule
KOTH Final Feasibility Study indicative schedule* For personal use only * Subject to satisfactory completion of each milestone and all Board and Regulatory Mar-20 SepQ-20 approvals Mineral FFS & Reserve Resource Release Feb-20 Drilling cut- Jun-20 Dec-20 off for FFS Mine plan Long lead items/detaile
Slide 15: KOTH - future development to explore along contact
KOTH - future development to explore along contact For personal use only ▪ Exploration aimed at increasing the Resource in total tonnage and potentially grade ▪ Granodiorite/ultramafic contact zone extends almost 12km around the granodiorite, with the potential to host gold mineralisation outside of
Slide 16: Siana Gold Project, Philippines
Siana Gold Project, Philippines For personal use only ▪ The Siana Gold Mine, owned by Philippine affiliated company Greenstone Resources, suspended mine operations in April 2017 ▪ Maintaining mill and pit dewatering to preserve value ▪ Greenstone Resources is now evaluating its preferred plan and op
Slide 17: Red 5 – appendix
For personal use only 17 Red 5 – appendix
Slide 18: 2019 PFS-level KOTH capital cost
2019 PFS-level KOTH capital cost1 For personal use only A$M 4Mtpa Process plant 92 Infrastructure and tailings storage facilities 34 Construction EPCM and direct and indirect costs 41 Sub-total 166 Owners Costs (project management, operations readiness) 5 Sub-total 171 Contingency 23 Sub-total 194 P
Slide 19: KOTH is in the Top gold deposits in Australia
KOTH is in the Top 20 gold deposits in Australia For personal use only Resources Reserves Mt g/t Moz Mt g/t Moz Cadia 3174.0 0.4 37.5 Cadia 1480.0 0.5 22.5 Boddington 931.1 0.6 18.3 Boddington 566.3 0.7 11.9 Golden Mile (100%) 272.6 1.4 12.0 Golden Mile (100%) 178.2 1.1 6.3 Tanami 65.5 4.3 9.1 Tanam
Slide 20: Appendix – Australian top gold deposits
Appendix – Australian top 20 gold deposits1 Resources Reserves Resources Reserves Mt g/t Moz Mt g/t Moz Mt g/t Moz Mt g/t Moz For personal use only Cadia Newcrest Sunrise Dam AngloGold Measured 32.0 0.30 0.3 Proven Measured 35.1 1.88 2.1 Proven 12.6 1.38 0.6 Indicated 3090.0 0.37 36.5 Probable 1480.
Slide 21: Thank-you
For personal use only Thank-you 21 ASX Code: RED