Red 5 Limited is listed on the Australian Securities Exchange (ticker RED) and OTCQX International (RDFLY).
The Company boasts a strong institutional shareholder base, with a significant proportion of the Company’s issued share capital held by international and domestic institutions. Click here to see our current major shareholders.
In August 2017, Red 5 announced plans to embark on a major new growth strategy in the Eastern Goldfields region of Western Australia after entering into binding agreements to acquire the operating Darlot Gold Mine from South African-based gold producer Gold Fields Limited (JSE, NYSE: GFI) and the advanced King of the Hills Gold Project from West Australian mid-tier gold producer Saracen Mineral Holdings (ASX: SAR).
The acquisitions will provide Red 5 with an extensive strategic footprint in the world-class Leonora-Leinster mineral district of WA, with the ability to leverage this position by pursuing a regional consolidation strategy aimed at establishing the Darlot mill as a central processing hub.
The Red 5 group also owns the Siana Gold Project located on the island of Mindanao in the Philippines. The Siana Project is held under a Mineral Production Sharing Agreement (MPSA) by Greenstone Resources Corporation (a Red 5 Philippine affiliate company).
The Siana Project is currently on Care and Maintenance pending an improvement in operating conditions in the Philippines. The deposit is currently mined by open pit methods, transitioning to underground mining following completion of the open pit.
The Group’s second principal asset is the Mapawa MPSA, located 20km north of Siana, which has the potential to be developed as a satellite source of ore feed for the Siana processing plant. Mapawa hosts a known gold porphyry system with numerous high grade gold occurrences throughout the project area. The area has had little exploration activity and is considered to have significant potential.