Tag: KOTH

Red 5 On Target With KOTH Mining Kick Off

Red 5 On Target With KOTH Mining Kick Off

Red 5 Limited’s (ASX: RED) mining contractor, Macmahon Contractors Pty Ltd has commenced open pit mining at the 100%-owned 2.4Moz, 16-year life-of-mine King of the Hills (KOTH) Gold Project in Western Australia. With the KOTH Project now well past 83% completion (at the end of December 2021), Red 5 is firmly on track to deliver first gold production through the new state-of-the-art KOTH processing plant in the June Quarter. The commencement of open pit mining is in-line with the project execution schedule, with underground mining expected to commence on schedule in early April 2022. Macmahon is progressively mobilising to KOTH, establishing infrastructure, and ramping up its site workforce according to plan. The initial open pit mining fleet consists of one...

Red 5: Go For Gold

Red 5: Go For Gold

Image: Red 5. BY EMMA DAVIES RED 5 recently celebrated 30 years of continuous production at its newly acquired Darlot gold mine in the Eastern Goldfields, WA, and with positive results from drilling at its King of the Hills mine, the company looks set for a productive year ahead. The Darlot mine was acquired by Red 5 from Gold Fields in October 2017 and has historically produced almost 3 million ounces of gold – with the company confident the site will continue to produce consistently for years to come. Red 5’s other major operation, the King of the Hills (KOTH) mine, which is acquired from Saracen also in 2017, had seen its resources almost triple to 1.9 million...