RED 5 Limited (RED) 2008年年度报告「ASX」.pdf

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1、Red5LimitedA N N U A L R E P O R T 2 0 0 8Corporate ProfileRed 5 Limited(ABN 73 068 647 610)is listed on the Australian Stock Exchange(ticker RED)with over 1,600 shareholders.The largest shareholders are Mathews Capital with a 19%interest,AngloGold Ashanti Australia Limited with a 10%interest and Po

2、rtfolio Partners with a 6%interest.The Companys principal asset is a 90 percent benefi cial interest in the Siana Gold Project in the Philippines held under a Mineral Production Sharing Agreement.A bankable study(open pit followed by an underground mine,and modern gravity and carbon-in-leach treatme

3、nt plant)was completed in 2007 and is currently being reviewed to refl ect the impact of infl ation on capital and operating costs.The equity component for the project development was raised in November 2007.Current activities detailed underground mine plan,Environmental Impact Statement Submission

4、and Environmental Compliance Certifi cate approval,and title transfer to the operating company are Board and bank funding syndicate conditions precedent prior to proceeding.AngloGold Ashanti,under a strategic alliance may proceed to joint venture two tenements areas,namely Outer Siana and Mapawa.The

5、y may earn up to 67.5%and 60%respectively with staged exploration expenditure totalling US$10.5 million in each area.ContentsChairmans Address 2Management Discussion and Analysis Siana Gold Project 4Pre-development Activities 5Community&Environment 6Development Drilling 8Reserves/Resources 10Financi

6、al Statements Directors Report 12Income Statements 21Balance Sheets 22Statements of Changes in Equity 23Statements of Cash Flows 24Notes to Financial Statements 25Declaration by Directors 48Independent Audit Report 49Corporate Governance Statement 51Statement of Shareholders 53Investor Information 5