RED 5 Limited (RED) 2019年年度报告「ASX」.pdf

1、2019Annual ReportRed 5 Limited(ABN 73 068 647 610)is an Australian-based gold producer with established mining projects located in the Eastern Goldfields of Western Australia and in the Philippines.The Company is listed on the Australian Securities Exchange(Ticker:RED)with around 4,800 shareholders

2、and has a strong institutional shareholder base.Red 5 owns and operates the Darlot Gold Mine located approximately 900 kilometres north-east of Perth in the Leonora-Leinster mineral province of Western Australia and the nearby King of the Hills(KOTH)Gold Project.Red 5 has progressed a production ram

3、p-up at these operations and delivered a substantial increase in Mineral Resources and Ore Reserves with clear visibility to further increase mine life through the conversion of additional Mineral Resources to Ore Reserves,new discoveries and potential bolt-on acquisitions in the region.In addition,

4、a pre-feasibility study has been completed on an open pit bulk mining opportunity and stand-alone processing operation at the KOTH project.A final feasibility study incorporating underground and satellite resources is expected to be completed by mid-2020.Through its Philippine-affiliated company Gre

5、enstone Resources Corporation,the Red 5 Group holds an interest in the Siana Gold Project,located on the island of Mindanao in the Philippines,which is held under a Mineral Production Sharing Agreement(MPSA).Mining operations at the Siana Gold Project are currently suspended pending an improvement i

6、n operating conditions in the Philippines.The Siana Gold Project comprises an open pit and underground mine,CIL process plant and 1.1Moz JORC Resource inventory.The Groups second principal asset in the Philippines is the Mapawa MPSA,located 20kms north of Siana,which has the potential to be develope