Red 5 Limited

Red 5 Limited

  • Location: Australia
  • Tickers:
  • Commodities:
    • Gold
  • Project Stages:
    • Production

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 12 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.  Production in the first six years commencing 2022 will average 176kozpa with an AISC of A$1,339/oz.  

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 ~80kozpa.  Red 5 also has the Siana Gold Project in the Philippines (mining operations currently suspended).

Red 5 Limited
  • asx: red

    • -0.07 (-25.45%)
Open 0.20500 Volume 0
High 0.20500 52w High 0.34000
Low 0.20500 52w Low 0.15500
Close 0.20500

* 23 September 2021 (AUD)