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Delta Drone International Limited Signs 3-Year Contract with Red 5 Limited

2022-06-07 22:29:00

Delta Drone International Limited announced it has signed a contract with Red 5 Limited in Western Australia for drone surveying services. The contract is for three years and has a Total Contract Value (TCV) of AUD 1.01m and Annual Recurring Revenue (ARR) of AUD 336k (billed monthly). Services are for the King of the Hills Mine (KOTH) and Darlot Mine. The contract is subject to a termination clause of 90 days' notice plus an early termination exit fee equivalent in value to 3 months of contract fees.

Red 5 Limited Announces the Appointment of Fiona Harris Am as Non-Executive Director

2022-06-07 22:22:00

Red 5 Limited announced the appointment of highly regarded Non-Executive Director Fiona Harris AM to its Board, effective from 8 June 2022. The appointment further strengthens the Company's Board as the Company embarks on its next chapter of growth as a leading mid-tier Australian gold producer with the commissioning and ramp-up of its King of the Hills (KOTH) gold mine in Western Australia. The first gold pour at KOTH was completed on 5 June 2022 and has been achieved on schedule and within budget. Ms Harris is one of Australia's most respected non-executive directors, with a career spanning 27 years. She has extensive experience in many sectors, including energy, resources, utilities, financial services and property. During this time, she has been a Director of approximately 30 companies, including ASX-50, ASX-100 and ASX- 200 companies, as well as Government enterprises and not-for-profits. She has also been a trusted director on several large private company boards. Her deep financial and governance expertise has seen Ms Harris assume board roles such as Chair, Lead Independent Director, Deputy Chair and Chair of various board committees. Her resources experience includes companies involved in both open pit and underground mining, commodities such as iron ore, copper, gold and uranium and in both Australia and overseas jurisdictions. Ms Harris has significant experience in corporate finance, including many mergers and acquisitions and debt andequity capital raisings. She is a Fellow of the Institute of Chartered Accountants Australia & New Zealand, aFellow of the Australian Institute of Company Directors (AICD) and a member of Chief Executive Women.

Red 5 Limited Completes the First Gold Pour At the 100%-Owned 2.4Moz, 16-Year Life-Of-Mine King of the Hills Gold Project in Western Australia

2022-06-05 22:24:00

Red 5 Limited announced that it has completed the first gold pour at the 100%-owned 2.4Moz, 16-year life-of-mine King of the Hills (KOTH) Gold Project in Western Australia. The gold pour at KOTH was completed on Sunday, 5 June 2022. The first smelt delivered 2 gold doré bars weighing 1,588 ounces, following the recent commissioning of the gravity and elution circuits. The gyratory crushing circuit has been running on a combination of oxide and fresh material for over 40 days and has achieved throughput rates above 1,600 tonnes per hour. The grinding circuit and wet plant continue to ramp up, with the SAG mill now achieving throughput rates over 600 tonnes per hour at moderate mill load and power draw. In the coming weeks, the KOTH processing team will continue to focus on increasing the mill production rate and completing outstanding punch list items with the EPC contractor. The team is well placed to increase the KOTH processing plant to full capacity, with over 800,000 tonnes, or approximately two months of feed stock now on the ROM pad.

Red 5 Limited Advises That First Ore Has Commenced Being Processed Through the 4.7Mtpa Processing Plant At King of the Hills (Koth) Gold Project in Western Australia

2022-05-11 22:23:00

Red 5 Limited advise that first ore has commenced being processed through the 4.7Mtpa processing plant at the 100%-owned 2.4Moz, 16-year life-of-mine King of the Hills (KOTH) Gold Project in Western Australia. Processing will initially focus on low-grade development ore, sourced primarily from stage 1 of the KOTH open pit and existing stockpiles, while final commissioning of the processing circuit is completed. First gold from the processing plant is expected to be poured in the near future. Mining is ongoing in both the KOTH open pit and underground mines, with the third open pit fleet now ramping up. Open pit grade control drilling has confirmed the grade and tonnes of ore expected within the initial mining area.

Red 5 Limited to Report Q3, 2022 Results on Apr 28, 2022

2022-04-25 22:18:00

Red 5 Limited announced that they will report Q3, 2022 results on Apr 28, 2022

Red 5 Limited, Q3 2022 Earnings Call, Apr 28, 2022

2022-04-25 22:18:00

Red 5 Limited, Q3 2022 Earnings Call, Apr 28, 2022

Red 5 Limited Announces Underground Mining Recommences While Process Plant Commissioning Advances At King of the Hills

2022-04-06 22:19:00

Red 5 Limited announced that it remains on track for first gold production in the current quarter at its 100%-owned 2.4Moz, 16-year life-of-mine King of the Hills (KOTH) Gold Project, after achieving further key construction and operational readiness milestones during March 2022. Construction and Commissioning: Key construction progress for March included: Commissioning of the crushing circuit has been completed; Commissioning of the gas pipeline has been completed; Commissioning of the power station has been completed to the stage where it is ready to power the process plant; Installation of the solar panels has been completed and wiring is being finalised; and Commissioning of the SAG mill has commenced, with the current critical path to first gold being the commissioning of the Variable Speed Drive. Mining: The company's mining business partner, Macmahon Contractors, recommenced underground mining at King of the Hills on 31 March 2022, in line with the project execution schedule. The start-up underground mine fleet comprises one jumbo, two boggers and a supporting fleet. The initial focus is on mine development, with the first stopes planned to be fired later in the quarter. In the open pit, two fleets are now operating on both day and night shifts as Macmahon ramps up its on-site teams, with a third and final fleet planned to be operational in May 2022.

Red 5 Limited Announces Commissioning of Crushing Circuit At King of the Hills

2022-02-07 21:19:00

Red 5 Limited announced that it remains firmly on track for first gold production at its 100%-owned 2.4Moz, 16-year life-of-mine King of the Hills (KOTH) Gold Project in Western Australia next quarter, after achieving further key construction and development milestones in the month of January. Recent milestones include the start of open pit mining and the commencement of commissioning of the crushing circuit, putting the KOTH Project on schedule and within budget to deliver first gold in the June Quarter 2022. Key construction progress during January 2022 included: he crushing circuit switchroom has been energised; piping and electrical installation for the SAG mill and carbon-in-leach tank areas is underway; All site powerline poles have been installed and transmission lines are nearing completion; The first of the borefields pipelines has been tested and is operational; The embankment lift on Tailings Storage Facility 4A is complete and installation of the tails pipeline and spigots has commenced; Commissioning of the power station black-start generators is complete (and currently supplying commissioning power for the crusher), while the six gas engines have been installed and are on track for commissioning as soon as gas is available; The gas pressure reduction and metering facility has been constructed and pre-commissioning has commenced; 95% of the gas pipeline has been installed; and The KOTH village is at full capacity, with both construction and operations crews utilising the camp. SAG mill commissioning is expected to begin later in the March Quarter once gas power is available and electrical and piping installation for the mill has been completed. Once the crusher commissioning has been completed, Red 5 will commence building ore stockpiles in advance of sending first ore to the mill.

Red 5 Limited Announces Mining Commences on Schedule At King of the Hills

2022-02-02 22:27:00

Red 5 Limited reported that, following months of detailed planning and preparation, its mining contractor, Macmahon Contractors Pty Ltd. has commenced open pit mining at the 100%-owned 2.4Moz, 16-year life-of-mine King of the Hills (KOTH) Gold Project in Western Australia. With the KOTH Project now well past 83% completion (at the end of December 2021), Red 5 is firmly on track to deliver first gold production through the new KOTH processing plant in the June Quarter. The commencement of open pit mining is in-line with the project execution schedule, with underground mining expected to commence on schedule in early April 2022. Macmahon is progressively mobilising to KOTH, establishing infrastructure, and ramping up its site workforce according to plan. The initial open pit mining fleet consists of one 360-tonne Hitachi excavator and four 789 Caterpillar trucks supporting ancillary equipment. The full fleet for open pit mining will eventually comprise three Hitachi excavators, sixteen 789 Caterpillar trucks and additional ancillary equipment. Red 5's mining team has been optimising the KOTH mine plans over the past 12 months, with the final mining fleet configured to enable scalability and future production growth.

Mines and Money Events Ltd, Mines and Money @ IMARC, Jan 31, 2022 through Feb 02, 2022

2022-01-14 04:00:00

Mines and Money Events Ltd, Mines and Money @ IMARC, Jan 31, 2022 through Feb 02, 2022.

Red 5 Limited Presents at Mines and Money @ IMARC, Jan-31-2022

2022-01-14 04:00:00

Red 5 Limited Presents at Mines and Money @ IMARC, Jan-31-2022 . Speakers: Patrick Duffy, Chief Corporate Development Officer.

Central Iron Ore Ltd Announces Settlement with Red 5 Limited

2021-12-14 12:30:00

Central Iron Ore Ltd. announced that a settlement has been reached with Red 5 Limited. Red 5 Joint Venture: After long negotiation Red 5 Limited and Central Iron Ore Ltd’s subsidiary South Darlot Mines Pty Ltd. (SDM) has reached a settlement with Darlot Mining Company Pty Ltd. (Darlot) pursuant to which it was agreed that SDM has earned an additional 19% interest in M37/1045, M37/709, M37/631 and M37/552 (taking its interest from 51% to 70%) pursuant to a 2011 farm-in agreement. It was also agreed under the Settlement Deed and Joint Venture Agreement entered into by the parties that Darlot is holding a 70% interest in a portion of two additional tenements, M37/421 and M37/632, on trust for SDM. The Company’s South Darlot Gold Project area is located approximately 320km northwest of Kalgoorlie in Western Australia and includes: This mine, which was 49% owned by the Company, and which is National Instrument 43-101 – Standards of Disclosure for Mineral Projects compliant is 5km southwest of Red 5 Limited’s Darlot Mine and is currently in care and maintenance. Under the terms of Tenement Acquisition Agreement dated 30 October 2014 regarding the sale of British King by CIO to BK Gold Mines Pty Limited, the British King Mine has now reverted to 100% beneficial ownership by CIO. CIO is registered on title for 49% and has received signed transfer forms from BK Gold Mines Pty Limited to Central Iron Ore Limited for the transfer of a further 51% interest as agreed. The registration of unencumbered title of that 51% interest is being delayed by Silverstream SE22, who provided funding to BK Gold Mines Pty Limited to fund their acquisition under the Tenement Acquisition Agreement. Silverstream SE22 has refused to remove the caveats which prevents registration of the transfers. CIO maintains that such refusal has no legal foundation and is evaluating its options which includes commencing legal proceedings.

Red 5 Limited Announces Construction Activities Continue at King of the Hills

2021-12-07 21:19:00

Red 5 Limited reported that it has enjoyed another as-planned month of construction and development progress at its 100%-owned 2.4Moz, 16-year life-of-mine King of the Hills (KOTH) Gold Project in Western Australia for November 2021. The KOTH Project is progressing on schedule for first gold in the June Quarter 2022 and remains within budget, with key construction progress during November 2021 including: On-going installation of the 36-foot diameter SAG mill, with preliminary alignment of the girth gear complete and the two mill pinion gears and mill lubrication skid installed; The process plant control room has been placed into position on the CIL tank platform; The stacker conveyor has been erected as well as the truss sections for conveyors CV01 and CV02; The gyratory crusher's bottom shell, mantle, top shell and ROM bin have been installed; Construction of the ROM wall is nearing completion, with only two lifts remaining; Painting of the exterior of the CIL tanks is complete, with internal coating applied to three of the eight tanks; The stockpile reclaim tunnel is completed and two apron feeders installed; The power station switch room and engine hall are now in place, with two gas engines (3.2MW Jenbacher 620's) and the diesel generators for the plant start-up installed. A further four 4.4MW Jenbacher 624 engines were installed in the engine hall in early December; Fifty power transmission poles for the plant-to-village power corridor have been erected to date; The hot tap into the Goldfields Gas Pipeline has been completed. Installation of the 13km gas lateral pipeline has commenced, with expected completion in early February 2022; and Earthworks for the wall lift on Tailings Storage Facility 4A and 4B are nearing completion.

Red 5 Limited Announces Update on King of the Hills (Koth) Gold Project

2021-11-07 21:25:00

Red 5 Limited announced that it is continuing to make significant progress with the construction and development of its 100%-owned 2.4Moz, 16-year life-of-mine King of the Hills (KOTH) Gold Project in Western Australia. The KOTH Project is progressing on schedule for first gold in the June Quarter 2022 and remains within budget, with key construction progress during October 2021 including: Installation of the 36-foot diameter SAG mill is ongoing, with the mill shell, trunnions, bearings, motors nd girth gear installed and the mill now able to be rotated for final torquing of bolts and gear alignment; nstallation of the crusher has commenced and is due for completion in November 2021; Construction of the ROM wall is in progress, with 36 of 48 lifts completed; Painting of the exterior of the CIL tanks is nearing completion with the tank agitators, gearboxes, stairs and overflow pipes now being installed; All motor control centres for the process plant have been installed in the plant switchrooms; The stockpile reclaim tunnel is nearing completion; Installation of the power station building is nearing completion, with the high-voltage panels installed in the switchroom and two of the seven gas engines on site; Shipment of gas pipe is en route to Australia for connection to the Goldfields Gas Pipeline; and Earthworks are ongoing for the wall lift of Tailings Storage Facility 4.

Red 5 Limited Provides Update on Recent Resource Definition and Exploration Drilling at Cable and Mission Prospects, Located 10 Kilometres North of Darlot Gold Mine in the Eastern Goldfields Region of Western Australia

2021-11-02 21:16:00

Red 5 Limited provided an update on recent Resource definition and exploration drilling at its Cable and Mission prospects, located 10 kilometres north of the Company's Darlot Gold Mine in the Eastern Goldfields region of Western Australia, which has delivered high-grade assay results and identified new zones of gold mineralisation. The drilling program comprised a combination of RC percussion drilling to underpin an upgrade of the historical JORC 2004 Mineral Resource Estimates to JORC 2012 status, as well as exploration diamond drilling aimed at identifying new zones of mineralisation. RC percussion drilling was undertaken at both the Cable and Mission deposits at 20 x 40 metre spacing between late 2020 and early 2021. The purpose of the drilling was to increase drill density over mineralised zones to test the continuity of gold mineralisation between sections and to improve the delineation of the ore system along strike and down dip. Resource estimation to JORC 2012 standard for both Cable and Mission is underway. Over the same period, Red 5 also completed exploration diamond core drilling to test deeper parts of the Cable and Mission gold deposits below the oxide/transitional horizons. This drilling returned encouraging results at both prospects, with several diamond holes intersecting high-grade lode-hosted gold mineralisation, including visible gold, which extends down-dip from significant gold zones hosted in the upper weathered zone. Mineralisation remains open, and further drilling is planned to test the extent of both deposits. At Cable, diamond exploration drilling has also identified a broad new zone of mineralisation measuring between 70 and 100 metres width, which was intersected in all diamond holes and is observable along the entire length of the known extent of gold mineralisation. This discovery presents a significant growth opportunity for Cable. Gold mineralisation at Cable and Mission is hosted by laminated veins associated with steeply dipping shears. The orebodies trend predominantly NNW and are coincident with prominent magnetic high features attributed to folded and faulted magnetic dolerite, similar to the geological setting of the Darlot gold deposit. The Taranaki Fault Zone is a regional scale structural corridor that runs through the north-eastern part of the Darlot tenure proximal to the eastern limb of the Darlot Syncline and extending northwards where it sits adjacent to the western limb of the Cable-Mission Syncline. The fault zone is considered a key exploration target area and prospective for gold mineralisation, with the occurrence of several untested linear and folded magnetic high features which present NW and SE of the Cable and Mission prospects. These magnetic high anomalies form part of the Cable-Mission Syncline and represent good extensional opportunities along strike at both deposits and will be followed up by future exploration drilling. Proposed RC drilling along the Taranaki trend to the northwest will test Taranaki Fault and associated magnetic high targets along strike of the Cable and Mission Deposits. RC drilling to the south will test the synclinal fold hinge. Cable Deposit: At Cable, historical drilling programs consisting mainly of aircore and RC percussion drilling designed to test for mineralisation at shallow depths in the oxide zone successfully delineated an approximately 900 metre long x 300 metre wide NNW trending gold lode system positioned along the western limb of the Mission-Cable Syncline. Following an assessment of the historical drill assay data and the completion of due diligence drilling by Red 5 in 2020, the Company undertook a focused drilling campaign comprising both exploration and Resource drill holes between December 2020 and March 2021. The Resource infill program comprised 26 RC holes for 4,078 metres drilled at 20 x 40 metre spacing across most of the Cable orebody. The program was designed to extend historical drill lines and also drill between existing sections to determine continuity and grade of mineralisation to update the historical JORC 2004 Resource model and improve overall confidence in the Mineral Resource Estimation and classification. In the same work period, exploration diamond drilling comprising four holes for 1,519 metres was also completed. Results of the RC and diamond drilling at Cable have been encouraging, with the Resource-focused holes showing continuity of narrow gold mineralisation between sections, including new high-grade zones such as 0.7 metres grading 164.4g/t Au in Hole 21CBDD002 and 2 metres grading 20.4g/t Au in Hole 21CBDD003. Results from the diamond exploration program have also been encouraging, with the discovery of a deeper broad zone of mineralisation between 70 and 100 metres wide and observable along the entire strike length of the Cable ore deposit. This is a significant new target area for follow-up drilling. Mission Deposit: Historical aircore and RC drilling at the Mission deposit successfully defined a significant north-to-northwest trending oxide/supergene gold anomaly, extending over approximately 700 metres length and 200 metres width on the eastern limb of the Mission-Cable Syncline. The anomaly is associated with a series of parallel NNW shears steeply dipping to the southwest and crosscutting the Taranaki Fault Zone. These mineralised zones are generated from the re-activation of pre-existing structural weakness, which has been observed around Darlot. Gold mineralisation at Mission is similar to that at Cable and is associated with laminated quartz veining and/or sericite-chlorite+/-carbonate-pyrite alteration hosted in dolerite with a primary lode vein intersected within magnetic dolerite on the underlying contact with interbedded sediments. A total of 51 RC Resource infill holes at 20 x 40 metre spacing, totalling 8,113 metres, was also completed at the Mission deposit. The holes were designed to follow-up on anomalous historical aircore drill results to extend and upgrade the historical JORC 2004 Resource and confirm continuity between existing sections. Diamond core drilling was also undertaken to test for gold mineralisation in fresh rock below the oxide/transitional horizon at Mission. Similar to Cable, assay results from both the RC and diamond drill programs at the Mission deposit have beenencouraging, confirming good continuity of gold mineralisation as well as identifying new zones of mineralisation within the historical oxide Mineral Resource.

Red 5 Limited, Annual General Meeting, Nov 24, 2021

2021-10-20 00:06:00

Red 5 Limited, Annual General Meeting, Nov 24, 2021, at 10:00 W. Australia Standard Time. Location: Celtic Club, 48 Ord Street West Perth Western Australia Australia Agenda: To receive and consider the annual financial report of the Company and the reports of the directors and auditors for the financial year ended 30 June 2021; to consider Election of Andrea Sutton as a director; to consider Re-election of directors; to consider Remuneration of non-executive directors; to consider Remuneration report; to consider Approval to issue Long Term Incentive Plan Performance Rights to Mark Williams; and to consider Approval to issue Project Incentive Opportunity Performance Rights to Mark Williams.

Red 5 Limited Presents at "BOOM IN A ROOM" INVESTOR CONFERENCE, Oct-14-2021 09:45 AM

2021-10-11 23:55:00

Red 5 Limited Presents at "BOOM IN A ROOM" INVESTOR CONFERENCE, Oct-14-2021 09:45 AM. Venue: RAC Arena, Perth, Western Australia, Australia. Speakers: Mark James Williams, MD & Executive Director.

Resources Rising Stars, "BOOM in A ROOM" INVESTOR CONFERENCE, Oct 14, 2021 through Oct 15, 2021

2021-10-11 21:20:00

Resources Rising Stars, "BOOM IN A ROOM" INVESTOR CONFERENCE, Oct 14, 2021 through Oct 15, 2021. Venue: RAC Arena, Perth, Western Australia, Australia.

Red 5 Limited Announces Open Pit Grade Control Drilling Commences At King of the Hills

2021-10-11 21:14:00

Red 5 Limited has commenced open pit grade control drilling in the southern pit at its 2.4Moz, 16 year life of mine King of the Hills (KOTH) Gold Project in Western Australia. The drilling is being performed by Jarahfire Drilling Pty Ltd, a WAbased surface drilling specialist. The initial 70,000 metre program will target the KOTH southern pit, starting on the 5,285mRL bench. This bench formed part of the original southern cutback developed by the previous operator, Sons of Gwalia, and is approximately 15 metres vertically below the current surface. The 7 x 7 metre spaced program has been designed to cover the first 3,045 vertical metres of the current Stage 1 design. Open pit grade control will be conducted in phases, with this initial program being undertaken over the next five months, leading into the start of prestripping and open pit mining in January 2021. This will cover the first six months of open pit mining with the objective of derisking and setting up the initial ore blocks for mining.

Red 5 Limited Announces King of the Hills Construction Powers Ahead with Sag Mill Installation Now Underway

2021-10-06 23:43:00

Red 5 Limited announced that it continues to make significant progress with the construction and development of its 2.4Moz, 16-year life-of-mine King of the Hills (KOTH) Gold Project in Western Australia. The KOTH Project is progressing on schedule for first gold in the June Quarter 2022 and remains within budget, with key construction progress during September 2021 including: Installation of the mill shell (36-foot diameter) commenced, with the trunnion bearing sole plates having been grouted and the mill motors lifted into position (with each motor weighing 62 tonnes); Installation of the crusher building steelwork commenced, with the concrete base and chutes now installed and the gyratory crusher being assembled before lifting into place; Construction of the ROM wall is in progress, with 26 of 40 lifts completed; CIL tank painting is in progress, and the acid wash hopper and elution column installed; The liner handler delivered to site; Erection of the gold room commenced; The power station foundations are complete, installation of electrical cables has commenced, and the first gas engine is now in position; The mine services building is fully assembled, and the fit-out is ongoing; and Earthworks are ongoing for the wall lift of Tailings Storage Facility 4.

Red 5 Limited Receives Award of Mine Development Contract for Its Darlot Gold Mine in Western Australia to Redpath Australia Pty Ltd

2021-10-03 21:17:00

Red 5 Limited has awarded a Mine Development Contract for its Darlot gold mine in Western Australia to Redpath Australia Pty Ltd. (Redpath). The contract, which has been awarded following the completion of a competitive tender process, is for 12 months with an option to extend at six-monthly intervals. The initial contract value is $13 million and will be funded by cash-flow from the Darlot Operations. The Redpath mining team and equipment have mobilised at site and underground mine development commenced on 1 October 2021. Consistent with the revised Darlot Mine Plan and King of the Hills Processing Hub Strategy announced on 2 August 2021, Redpath will be undertaking three kilometres of rapid underground mine development at Darlot, separate from the mining activities being conducted by Red 5's existing mining teams. This will provide access to new mine areas in Burswood, Pedersen, Middle Waters South and Thompson that underpin Darlot's current mine plan to June 2023. The option to extend the mine development contract would open further additional mining areas within Darlot's 1.2Moz underground Mineral Resource. The recently announced transition strategy for Darlot will see it become an underground satellite mine to the King of the Hills Processing Hub, with the new processing plant expected to produce first gold in the June Quarter 2022. The investment in mine development at Darlot is a key aspect of the transition strategy at Darlot, reducing dependence on remnant mining and opening up new mine areas. The lower cost base of the KOTH Processing Hub has the potential to extend the Darlot underground mine life for several years.

Red 5 Limited Presents at 121 Mining Conference Americas, Oct-13-2021

2021-09-27 19:04:00

Red 5 Limited Presents at 121 Mining Conference Americas, Oct-13-2021 .

MiningNews.net, Rising Stars, RRS-MiningNews.net 2021 Investor Conference, Oct 14, 2021 through Oct 15, 2021

2021-09-22 09:48:00

MiningNews.net, Rising Stars, RRS-MiningNews.net 2021 Investor Conference, Oct 14, 2021 through Oct 15, 2021.

Red 5 Limited Presents at RRS-MiningNews.net 2021 Investor Conference, Oct-14-2021

2021-09-22 09:48:00

Red 5 Limited Presents at RRS-MiningNews.net 2021 Investor Conference, Oct-14-2021 .

Red 5 Limited(ASX:RED) added to S&P/ASX Emerging Companies Index

2021-09-20 00:00:00

Red 5 Limited(ASX:RED) added to S&P/ASX Emerging Companies Index

TVI Resource Development Philippines Inc. completed the acquisition of Greenstone Resources Corporation from Red 5 Limited (ASX:RED) and others.

2021-09-20 00:00:00

TVI Resource Development Philippines Inc. agreed to acquire Greenstone Resources Corporation from Red 5 Limited (ASX:RED) and others on July 28, 2021. Red 5 will be paid $19 million as part of the transaction. Consideration includes a grant, to Red 5, of a 3.25% net smelter return royalty payable on the sale of up to 619,000 oz. of gold produced from potential open-pit and underground operations at Siana, the ascribed value of the net smelter royalty is $35 million. TVI Resource Development Philippines Inc. intends to fund the cash portion of the purchase price from internal resources. The assets of Greenstone Resources Corporation include a modern 1.1 million tonnes per annum Outotec mill, gravity and Carbon-in-Leach facility, and all other key infrastructure together with the Siana, Mapawa and Ferrer tenements. The completion of the transaction is subject to the satisfaction or waiver of a number of conditions and regulatory approval. PCF Capital Group Pty Ltd acted as financial advisor, HopgoodGanim and Sycip Salazar Hernandez & Gatmaitan acted as legal advisors to Red 5. As on September 21, 2021. all conditions preceding to the transactions has been satisfied. TVI Resource Development Philippines Inc. completed the acquisition of Greenstone Resources Corporation from Red 5 Limited (ASX:RED) and others on September 20, 2021.

Red 5 Limited Announces King of the Hills Construction Advancing on Schedule with Process Plant Construction Ramping Up

2021-09-07 22:24:00

Red 5 Limited advised that it continues to make significant progress with the construction and development of its 2.4Moz, 16-year life-of-mine King of the Hills (KOTH) Gold Project in Western Australia. The KOTH Project is progressing on schedule for first gold in the June Quarter 2022 and remains within budget, with key construction progress during August 2021 including: All SAG mill components have been delivered to site, sole plates are in place on the foundations and assembly of the mill shell and girth gear has commenced; Construction of the plant administration building is complete, and the maintenance workshop and warehouse are both nearing completion; The concrete suspended slab for the gyratory crusher has been poured and construction of the ROM walls has commenced; CIL tanks, including draft tubes and baffles, are fully welded except for the access panels at the base, which will be installed following installation of the tank agitators and painting of the upper levels of the tanks; Six of eight CIL tank agitators have been assembled; Lime Silo has been installed; All in-ground conduits for the power station have been installed and pouring of the concrete surface slabs has commenced; and, The contractor for the lift of the tailings storage facility 4 has mobilised to site and earthworks have commenced. The KOTH Village is fully operational, and the installation contractor has demobilised. Underground drilling at KOTH has recommenced with the mobilisation of one drill rig by AUD in August 2021. A second underground drill rig is planned to be mobilised in April 2022.

Red 5 Limited Presents at 121 MINING INVESTMENT EMEA, Nov-23-2021

2021-08-25 03:15:00

Red 5 Limited Presents at 121 MINING INVESTMENT EMEA, Nov-23-2021 .

Red 5 Limited Announces Significant Progress of Gold Project in Western Australia

2021-08-09 22:18:00

Red 5 Limited advise that it continues to make significant progress with the development of its 2.4Moz, 16-year Life-Of-Mine King of the Hills (KOTH) Gold Project in Western Australia, which has now passed the 50% project completion milestone. The KOTH Project is progressing on schedule for first gold in the June Quarter 2022 and remains within budget,with key construction progress for July including: Engineering design for concrete, steel, platework and piping is now complete; All steelwork and platework for the process plant has been awarded for fabrication, with 77% of the steelwork already on site; All key components of the SAG mill are on site other than for the mill shells, which will be delivered to site in August; The concrete plinths for the SAG mill have been completed. The concrete suspended slab for the gyratory crusher and stockpile reclaim tunnel is being prepared for pouring in August; and Construction of the CIL tanks is progressing well, with all eight tanks at full height and assembly of the top-of-tank steelwork commenced. KOTH's turnkey power station is being supplied by Zenith, who mobilised to site in July. Installation of buried conduit for the power station has commenced in preparation for pouring of the concrete base. One of the sevenJenbacher gas engines is in Perth, with two expected to arrive shortly and the remaining four due to be shipped by the end of August. Meanwhile, APA has commenced planning for the 12km pipeline spur, with all critical equipment procured and scheduled to be delivered to the site in the December Quarter 2021. Red 5 continues to evaluate scalability within the KOTH mine plan and processing facility with the support of Mintrex and Orelogy. A Plant Capacity Study completed by Mintrex has confirmed that the KOTH processing plant can process up to 4.7Mtpa of ore without additional capital expenditure.

Red 5 Limited Provides Production Guidance for the Darlot Gold Mine for Year 2022

2021-08-01 22:23:00

Red 5 Limited provided production guidance for the Darlot gold mine for year 2022. For the year, the company expects the production from Darlot Gold Mine to be in the range of 62,000 ounces to 72,000 ounces.

Red 5 Limited Announces Darlot Gold Mine Plan and King of the Hills Processing Hub Strategy

2021-08-01 22:23:00

Red 5 Limited announced that following an extensive review of the Darlot mine inventory, Red 5 announced its Darlot Mine Plan based on utilising latent capacity in the new KOTH processing plant, an approach that the Company refers to as the KOTH Processing Hub Strategy. The commencement of processing operations at KOTH in the June quarter 2022 will provide a more cost-effective processing alternative for Darlot ore, repositioning Darlot as a high-grade satellite ore source for KOTH. In advance of production commencing at KOTH, the following Darlot initiatives will occur in fiscal year 22: A Plant Capacity Study completed by Mintrex has confirmed that the KOTH processing plant can process up to 4.7Mtpa of ore without additional capital expenditure; Darlot will undertake an initial 12-month phase of underground mine development to establish new mining areas and reduce the reliance on remnant stopes; A workforce transition strategy is being developed for Darlot non-mining and processing personnel to relocate to KOTH, thereby reducing the labour recruitment risk for KOTH; From the June Quarter 2022, Darlot ore will be processed at the KOTH processing plant. The Darlot ore processed will be added to the 4Mtpa of ore proposed to be mined and processed from the KOTH open pit and underground mines. With the future implementation of Darlot ore processing at KOTH, Red 5 is targeting in fiscal year 23 to reduce Darlot's AISC to between AUD 1,700 AUD 1,900 per ounce. In the current gold price environment, Darlot has the potential to add significant value for a number of years as a high-grade satellite ore source for KOTH, with the cash-flow generated from operations facilitating the ongoing exploration of Darlot's world-class mineral system. Red 5 continues to evaluate scalability within the KOTH mine plan and processing facility with the support of Mintrex and Orelogy.

TVI Resource Development Philippines Inc. agreed to acquire Greenstone Resources Corporation from Red 5 Limited (ASX:RED) and other.

2021-07-28 00:00:00

TVI Resource Development Philippines Inc. agreed to acquire Greenstone Resources Corporation from Red 5 Limited (ASX:RED) and others on July 28, 2021. Red 5 will be paid $19 million as part of the transaction. Consideration includes a grant, to Red 5, of a 3.25% net smelter return royalty payable on the sale of up to 619,000 oz. of gold produced from potential open-pit and underground operations at Siana, the ascribed value of the net smelter royalty is $35 million. TVI Resource Development Philippines Inc. intends to fund the cash portion of the purchase price from internal resources. The assets of Greenstone Resources Corporation include a modern 1.1 million tonnes per annum Outotec mill, gravity and Carbon-in-Leach facility, and all other key infrastructure together with the Siana, Mapawa and Ferrer tenements. The completion of the transaction is subject to the satisfaction or waiver of a number of conditions and regulatory approval. PCF Capital Group Pty Ltd acted as financial advisor, HopgoodGanim and Sycip Salazar Hernandez & Gatmaitan acted as legal advisors to Red 5. As on September 21, 2021. all conditions preceding to the transactions has been satisfied.

Red 5 Limited Presents at 121 Mining Investment Online APAC, Nov-02-2021

2021-07-22 02:10:00

Red 5 Limited Presents at 121 Mining Investment Online APAC, Nov-02-2021 .

121 Group Ltd, 121 Mining Investment Online APAC, Nov 02, 2021 through Nov 04, 2021

2021-07-22 01:14:00

121 Group Ltd, 121 Mining Investment Online APAC, Nov 02, 2021 through Nov 04, 2021.

Red 5 Limited Reports Updated Bulk Mining Mineral Resource Estimate for Its 2.4Moz, 16-Year Life-Of-Mine King of the Hills Gold Project

2021-07-21 22:17:00

Red 5 Limited reported an updated bulk mining Mineral Resource Estimate (MRE) for its 2.4Moz, 16-year Life-of-Mine King of the Hills (KOTH) Gold Project, located in the Eastern Goldfields region of Western Australia, where construction of a 4Mtpa stand-alone bulk mining and processing operation is currently underway. The updated MRE comprises 90.7 million tonnes at 1.4g/t Au for an estimated 4.12 million ounces of contained gold, with 73% of the total MRE (69.6Mt @ 1.4g/t Au for 3.03Moz) in the higher-confidence "Indicated Resource" category. Importantly, the update includes a 19% increase in contained ounces in the underground component of the MRE, which now stands at 12.1Mt @ 2.1g/t Au for 830,000 ounces of contained gold, following the completion of underground drilling over CY2020. The Resource remains open at depth. The June 2021 Resource is based on an additional 33,088m of diamond drill core drilled underground by Australian Underground Drilling (AUD) between February and July 2020, comprising a total of 60 resource definition (RD) drill holes for 18,129m and 109 grade control (GC) drill holes for 14,959m. The RD drill holes were designed to increase confidence and extend the underground component of the KOTH Mineral Resource ahead of the planned commencement of bulk mining operations in 2022. The drilling has also increased confidence in the Mineral Resource and overall ounces, with ounces below the AUD 2,100 pit shell increasing by 19%. For more detail, refer to Appendix 1 for the breakdown of the material above and below the pit shell. In preparation for mining at King of the Hills, underground drilling will commence with a single rig in August 2021, with a second underground rig commencing in April 2022. Approximately 54,000 metres of drilling has been planned in fiscal year 2022, with an additional 86,000 metres in 2023 for an estimated total of 140,000 metres. Drilling will be focused on a mixture of grade control, resource definition and exploration programs. The drilling will be conducted by AUD. The updated Resource model and estimation parameters have been independently reviewed by Dr. Spero Carras (CMPL). The updated Resource has delivered a 19% increase (130,000oz) in the underground component of the MRE, and a 2% reduction (80,000oz) in the open pit component of the MRE. The reduction in the open pit Resource was due to model depletion from mining conducted in fiscal year 2021 as part of the truck-to-Darlot mining operation, which was suspended in January 2021, and adjustments in estimation from additional drilling and improved understanding of geology. Based on the additional drilling, the geological model has been updated, and the Resource model parameters reviewed and updated with this data to assist with ongoing mine planning studies for the operational readiness of the KOTH Project. The King of the Hills (KOTH) domains are hosted by a large trondhjemite granite pluton with overlying ultramafic and mafic sequences that are strongly foliated. The northeast-trending granite pluton is bounded by two major northeast-dipping structures, the Ursus and Tarmoola Faults, which extend off the Poker Fault to the south. The Poker Fault wraps around the Raeside Batholith and represents a major extensional shear zone that formed during an early period of extension and exhumation of the Batholith. Mineralisation at KOTH is likely associated with the reactivation of these structures during subsequent east-west directed compression. Gold mineralisation is identified within sheeted quartz vein sets within pervasively carbonate altered ultramafic rocks (UAC) and a hosting granodiorite stock. Gold appears as free particles (coarse gold) or associated with traces of base metal sulphides within quartz and is intergrown with galena, chalcopyrite and pyrite along late-stage fractures. Potassic alteration in the form of sericite is occasionally associated with mineralisation within the granite, whilst fuchsite is often present in mineralised parts of the UAC. Brittle fracturing along the granodiorite contact generated radial tension veins, perpendicular to the orientation of the granodiorite, and zones of quartz stockwork. These stockwork zones are seen in both the granodiorite and ultramafic units and contain mineralisation outside the previously modelled continuous vein system. A Global Mineral Resource model has been prepared for the purposes of this announcement, with updates to the geological interpretation of thirty-one high-grade vein (HGV) domains and five bulk domains capturing mineralisation outside the modelled HGV domains. An additional eighteen HGV domains have been added while twelve HGV domains have been removed based on the lack of geological continuity identified through recent drilling. The updated interpretations supporting the geological models are predominantly based upon drill-hole samples, geological mapping and sampling from the development drives and airleg stoping. A minimum mining width of 1 metre has been applied. Drilling Techniques A total of 1,708 diamond drill (DD) holes (304,746m), 72 Reverse Circulation drill-holes with diamond core tails (RCD) (24,636m), 5,817 Reverse Circulation drill holes (571,245m), 192 Rotary Air Blast (RAB) drill-holes (933m), 76 aircore (AC) drill holes (4,158m) and 2,629 face channels (10,276m) support the Mineral Resource. Drilling methods undertaken at KOTH by previous owners have included rotary air blast (RAB), reverse circulation (RC), aircore (AC), diamond drill-holes (DD) and face chip sampling. Red 5 has completed 169 diamond drill-holes (33,088m) and 689 face channels (2,808m), totaling 35,896m since the March 2020 Resource Model. The June 2021 model includes 22,777 samples from KHRD diamond drill hole series (18,129m), 20,452 samples from KUGC diamond drill hole series (14,959m) and 4,589 samples from face channels (2,808m). A total of 47,818 samples for 35,896m were completed by Red 5 since the March 2020 resource model. The database used for the resource estimation was cut off on 9 November 2020. Diamond Drill (DD) core sample lengths can be variable in a mineralised zone, though usually no larger than one metre. Drilling by Red 5 has been completed at a core diameter of NQ2 with historical surface DD generally at NQ2 or HQ, while underground DD was usually NQ2 or LTK60. Diamond drill samples have been geotechnically and geologically logged and sample recoveries calculated. Where possible, core samples are obtained by cutting the core in half along the entire length of each sample interval. Half core samples are collected over predetermined sampling intervals, from the same side, and submitted to the analytical laboratory.

Red 5 Limited, Q4 2021 Earnings Call, Jul 15, 2021

2021-07-13 01:47:00

Red 5 Limited, Q4 2021 Earnings Call, Jul 15, 2021

The Melbourne Mining Club, Melbourne Mining Club - Cutting Edge Series, Jul 20, 2021

2021-07-08 06:50:00

The Melbourne Mining Club, Melbourne Mining Club - Cutting Edge Series, Jul 20, 2021.

Red 5 Limited Presents at Melbourne Mining Club - Cutting Edge Series, Jul-20-2021 05:30 PM

2021-07-08 06:50:00

Red 5 Limited Presents at Melbourne Mining Club - Cutting Edge Series, Jul-20-2021 05:30 PM. Speakers: Mark James Williams, MD & Executive Director.

Red 5 Limited to Report Q4, 2021 Results on Jul 15, 2021

2021-07-08 06:50:00

Red 5 Limited announced that they will report Q4, 2021 results on Jul 15, 2021

Red 5 Limited to Report Fiscal Year 2021 Results on Aug 30, 2021

2021-07-08 06:50:00

Red 5 Limited announced that they will report fiscal year 2021 results on Aug 30, 2021

121 Group Ltd, 121 MINING INVESTMENT EMEA, Nov 23, 2021 through Nov 25, 2021

2021-07-08 02:42:00

121 Group Ltd, 121 MINING INVESTMENT EMEA, Nov 23, 2021 through Nov 25, 2021.

121 Group Ltd, 121 Mining Conference Americas, Oct 13, 2021 through Oct 15, 2021

2021-07-01 00:00:00

121 Group Ltd, 121 Mining Conference Americas, Oct 13, 2021 through Oct 15, 2021.

Red 5 Limited Presents at Diggers and Dealers Mining Forum, Aug-02-2021 03:20 PM

2021-06-30 19:09:00

Red 5 Limited Presents at Diggers and Dealers Mining Forum, Aug-02-2021 03:20 PM. Venue: Goldfields Arts Centre, Cheetham Street, Kalgoolie, Western Australia, Australia. Speakers: Mark James Williams, MD & Executive Director.

Red 5 Limited Presents at Noosa Mining and Exploration Investor Conference, Jul-15-2021 04:00 PM

2021-06-30 18:19:00

Red 5 Limited Presents at Noosa Mining and Exploration Investor Conference, Jul-15-2021 04:00 PM. Venue: Peppers Noosa Resort, Noosa Heads, Queensland, Australia. Speakers: Mark James Williams, MD & Executive Director.