Member Company Profile

Red 5 Limited

RED:AU|Last Price: USD 0.16|Market Cap: USD 201.70 M

USD 0.00        USD 0.18


Gold Price: $1,437.00|Silver Price: $16.37|Platinum Price: $854.00|Palladium Price: $1,533.00|Gold:Silver: 87.8


Status: Producer|Primary Mineral: Gold|Primary Country of Operation: Australia


Last Updated: April 14, 2019

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IR Contact

Mark Williams
+61 8 93224455
[email protected]
www.red5limited.com

Address

level 2, 35 Ventnor Avenue
West Perth, WA 6005
Australia

Cautionary Information

© Copyright 2019, Denver Gold Group & Red 5 Limited.
Although every care has been taken to ensure that this data is accurate, Denver Gold Group cannot accept responsibility for sourcing variances, mistakes, errors or omissions or for any action taken in reliance thereon. Use of this data is governed by Denver Gold Group's Terms of Use.

Red 5 Limited is listed on the Australian Securities Exchange (ticker RED). The Company boasts a strong institutional shareholder base, with a significant proportion of the Company’s issued share capital held by international and domestic institutions.
Red 5 reported a significant resource with open pit potential of 1.88Moz at 2g/t at King of the Hills, one of its Australian Mines, and the company is evaluating options for on site processing. King of the Hills is currently in production at 400,000 to 600,000 tonnes/year, as a high grade underground, trucking ore to Red 5’s other Australian mine and processing centre at Darlot. FY19 production guidance is 100,000oz to 115,000oz.
The Red 5 group also holds an interest in the Siana Gold Project located on the island of Mindanao in the Philippines. The Siana Project is held under a Mineral Production Sharing Agreement (MPSA) by Greenstone Resources Corporation (a Red 5 Philippine affiliate company).
Mining operations at the Siana Gold Project were suspended in April 2017 following delays in the regulatory approvals for the construction of a new tailings storage facility. With a Clearance and Notice to Proceed being received in August 2018 from the Philippines Mines and Geosciences Bureau for the construction and operation of a new tailings storage facility, Greenstone Resources Corporation is currently evaluating the restart requirements, and funding. The deposit was mined by open pit methods, transitioning to underground mining following completion of the open pit.

Value Drivers
  • Delivery of stand alone operation at King of the Hills based on 1.88Moz 2g/t resource
  • Consolidating the small deposits in the region around Darlot and building Darlot life
  • Siana operations in the Philippines has all Federal approval required to restart production

Annual Production
Gold, oz per year
GEOs: No

Annual Proven & Probable Reserves
Gold, Moz per year
Mineral Authority: JORC , GEOs: No

All data is attributable unless otherwise stated in footnotes. Mineral resources are exclusive of reserves unless otherwise stated in footnotes.

Top Shareholders
  • Franklin Resources Inc
  • Saracen Minerals
  • Ruffer
Management
Chairman: Kevin Dundo
Managing Director: Mark Williams
CFO: John Tasovac
President Philippines: Lolot Manigsaca
More Detail
Capital Structure
Common Shares Outstanding: 1,243,166,958
Float (%): 100.00
Options Outstanding: 15,643,200
Fully Diluted Shares: 1,258,810,158

IR Contact

Mark Williams
+61 8 93224455
[email protected]
www.red5limited.com

Address

level 2, 35 Ventnor Avenue
West Perth, WA 6005
Australia

Cautionary Information

© Copyright 2019, Denver Gold Group & Red 5 Limited.
Although every care has been taken to ensure that this data is accurate, Denver Gold Group cannot accept responsibility for sourcing variances, mistakes, errors or omissions or for any action taken in reliance thereon. Use of this data is governed by Denver Gold Group's Terms of Use.