Red 5 Limited (ASX: RED) is an ASX-listed gold exploration and mining company that is positioned within a unique space on the ASX – a small gold producer with a major new Australian gold mine coming into production in the next six months.
The 4.1Moz King of the Hills Gold Project is currently under construction for A$226m, with first gold expected in the June Quarter 2022. The Project has a 16-year LOM plan based on a 2.4Moz Ore Reserve – making it one of the top 10 gold mines in Australia by Ore Reserves.
The Project is located in the Eastern Goldfields of Western Australia, 120km’s from Red 5’s existing gold mine at Darlot. Darlot’s current production is ~70kozpa.