Red 5 — Resources Rising Stars Gold Coast 2023
25 slides from Red 5's conference presentation, May 16, 2023
Slide 1: RRS Gold Coast Presentation
RRS Gold Coast Presentation Patrick Duffy (CFO) 16-17 May 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 Mineral Resource5 4.75Moz 2H FY2023 Production6 90-105koz Ore Reserve5 2.7Moz Indicative Production2 >200koz p.a. Processing Pla
Slide 4: Red 5 Limited – Corporate Profile
Red 5 Limited – Corporate Profile 0.5 0.45 Our Company Vision 0.4 0.35 “To be a successful multi-operational 0.3 exploration and mining company, providing 0.25 benefits to all stakeholders, through the 0.2 consistent application of technical excellence, 0.15 and responsible and sustainable industry
Slide 5: 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 4.75Moz Au 2.66Moz Au ● Orebody in the contact zone of a substantial Granodiorite intrusion ● 4km long x 2km wide ● Historical understanding from previous
Slide 6: SAG mill – commercial production declared Dec 2022
SAG mill – commercial production declared 16 Dec 2022 www.red5limited.com Our CORRE Values: Courage, Ownership, Respect, Reliability, Excellence Page: 6
Slide 7: Site is powered by 30MW hybrid gas-solar power station
Site is powered by 30MW hybrid gas-solar power station www.red5limited.com Our CORRE Values: Courage, Ownership, Respect, Reliability, Excellence Page: 7
Slide 8: Inflection point – 17,550 ounces in March; 18,633 ounces in April
Inflection point – 17,550 ounces in March; 18,633 ounces in April KOTH OP high grade ore increased in Q3 Quarterly KOTH Gold Production and Feed Grade 600 1.40 50,000 1.40 500 1.20 Ore Grade (g/t) 1.00 400 0.80 1.20 t ('000) 300 40,000 0.60 200 0.40 1.00 100 0.20 0 - 30,000 0.80 g/t oz 0.60 HG Ore T
Slide 9: 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 ● Open pit mining is now well Model - Contained Ounces by RL established on the 5225mRL bench level RL HG LG 5295 ● The increasing ore tonnage and grade 5285 forecast from the open pit is 5275 5265 translating to im
Slide 10: KOTH OP mine plan to 2037 – opportunity to accelerate mining
KOTH OP mine plan to 20371 – opportunity to accelerate mining 1. Red 5 ASX Release: 7 September 2022 www.red5limited.com Our CORRE Values: Courage, Ownership, Respect, Reliability, Excellence Page: 11
Slide 11: KOTH underground mine progressively mining more fresh areas
KOTH underground mine progressively mining more fresh areas More tonnes at higher grades are expected from the KOTH underground in H2 FY23 ● Fully resourced underground mine crews are in place ● Mining in more fresh areas – resulting in predictable tonnes and grade (with less dilution) ● Higher grad
Slide 12: Mill is the Logical Processing Hub for the Leonora District
KOTH Mill is the Logical Processing Hub for the Leonora District ● KOTH process plant is the lowest Regional process plants – mill size, unit cost and distance to Leonora cost mill in the Leonora district ● Processing cost of A$12/t1 60 ● Large mill drives site-wide economies of scale 50 ● 30MW hybr
Slide 13: Standout Value Opportunity
Standout Value Opportunity ● Red 5 EV/Reserve relative to its 1,500 peers Bellevue ● Valuation of WA based-gold 1,200 companies1 EV / Reserve (A$/oz) Ramelius ● Bubble size = Enterprise Value 900 ● The KOTH Gold Mine positions Gold Road Red 5 as an emerging mid-tier Silver Lake Capricorn Australian
Slide 14: THANK YOU
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 15: Appendicies
Appendicies www.red5limited.com Our CORRE Values: Courage, Ownership, Respect, Reliability, Excellence Page: 16
Slide 16: Investment Highlights
Investment Highlights King of the Hills KOTH Processing Hub • Mineral Resource of 4.75 Moz1 • Lowest cost plant in the • Ore Reserve of 2.7 Moz1 Leonora district • Open pit and underground • 4.7mtpa processing capacity, mines trageting 5.5mtpa3 • ~15 year mine life1 • ~200kozpa production centre4 St
Slide 17: 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 18: KOTH Mineral Resource of 4.75Moz
KOTH Mineral Resource of 4.75Moz1 Total Open Pit & Underground KOTH Resource as at June 2022 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 OP+UG 21,070 1.6 1,090
Slide 19: 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 (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 Probable 2.1 0.8 0.1 Cen
Slide 20: 1. Growth Strategy
1. Growth Strategy www.red5limited.com Our CORRE Values: Courage, Ownership, Respect, Reliability, Excellence Page: 21
Slide 21: KOTH diamond drill results enhance FY23 and FY24 mine plan
KOTH diamond drill results enhance FY23 and FY24 mine plan1 Growth opportunity under the South Pit final shell once fully dewatered Regal and Eastern Flank ● 10m at 79.62g/t ● 62m at 6.33g/t ● 24.5m at 14.07g/t ● 6.8m at 35.06g/t Central ● 3.4m at 49.4g/t ● 29.6m at 3.48g/t ● 38.5m at 5.97g/t West B
Slide 22: KOTH 5-year UG Mine Plan is only constrained by drilling
KOTH 5-year UG Mine Plan1 is only constrained by drilling 1. Red 5 ASX Release: 7 September 2022 www.red5limited.com Our CORRE Values: Courage, Ownership, Respect, Reliability, Excellence Page: 23
Slide 23: KOTH Exploration – Numerous Surface Targets
KOTH Exploration – Numerous Surface Targets ● Three satellite deposits are already in the LOM plan: ● Rainbow ● Centauri ● Cerebus-Eclipse ● Integrated datasets have identified priority targets along the Tarmoola and Ursus Fault corridors ● Tarmoola Fault Corridor ● Poorly tested outside of the mine
Slide 24: Darlot drilling results identified potential to upgrade Resource
Darlot drilling results identified potential to upgrade Resource1 Darlot UG mine retains significant option value with potential at-depth in a higher gold price environment Middle Walters South1 ● 6.0m at 71.4g/t ● 3.4m at 42.5g/t ● 31.1m at 5.8g/t Centurion Lode1 ● 1.1m at 1,521.5g/t Dar-Cent Bulk1
Slide 25: THANK YOU
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: 26