1、Annual Report 2004Red5LimitedAnnual Report 2004Red5LimitedCorporate ProfileCONTENTSChairmans Review 2Management Discussion and Analysis-Siana 4-Copper-gold porphyry 10-Drill results 14-Portfolio rationalisation 16-A proud history and fond memories 18-Mineral resources 20Statutory information and fin
2、ancial report-Directors report 22-Statement of financial performance 27-Statement of financial position 28-Statement of cash flows 29-Notes to the financial statements 30-Declaration by directors 47-Independent audit report 48Tenement schedule 49Corporate governance statement 50Statement of sharehol
3、ders 54Investor Information 56 Annual General MeetingThe ninth Annual General Meeting will be held at 3.00pm,24 November 2004 at:Level 1,The Celtic Club,48 Ord Street,West Perth 6005All shareholders are invited to attend.Corporate ProfileRed 5 Limited(ABN 73 068 647 610)is listed on the Australian S
4、tock Exchange(ticker RED)with over 1,600 shareholders.The Companys principal asset is an 80 percent interest in the Siana Gold Project in the Philippines held under a Mineral Production Sharing Agreement.Exploration this year upgraded and extended the open pit resource and a Scoping Study(1.25Mtpa/1
5、30,000 ounces per annum)has been completed.The prospective Boyongan Corridor has been extended to a distance of over 9 kilometres with further exploration scheduled.A copper-gold porphyry has been discovered on the southern portion of the MPSA and is the subject of on going evaluation.The Company al
6、so has a 10.5 percent interest in listed gold explorer Range River Gold NL.The Company objective is to advance Siana to bankable feasibility in the coming year.“Record drill metres below the open pit,plus the East zone and copper-gold porphyry discoveries have further advanced the probability of a m