Tag: Red 5

Red 5 Limited (ASX: RED) remains on track for first gold production in the current quarter at its 100%-owned 2.4Moz, 16-year life-of-mine King of the Hills (KOTH) Gold Project, after achieving further key construction and operational readiness milestones during March 2022. Construction and Commissioning Key construction progress for March included: Commissioning of the crushing circuit has been completed; Commissioning of the gas pipeline has been completed; Commissioning of the power station has been completed to the stage where it is ready to power the process plant; Installation of the solar panels has been completed and wiring is being finalised; and Commissioning of the SAG mill has commenced, with the current critical path to first gold being the commissioning of the...

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 Limited’s (ASX: RED) project, King of the Hills (KOTH) is progressing on schedule for first gold in the June Quarter of 2022. It’s located in WA’s Goldfields-Esperance region with a 16-year life-of-mine. The geology of KOTH is unique in the distribution of ore within intrusive rock types throughout the mafic and ultramafic host rocks, and the relative softness of this ore. The confidence and understanding of both the geology and metallurgy at KOTH are exceptionally high. KOTH’s construction has remained within budget, with several key achievements in the construction progress during August 2021: All the SAG mill components have been delivered to site, sole plates are in place on the foundation, and assembly of the mill shell and...