Darlot Gold Mine
Red 5’s 100%-owned Darlot Gold Mine is located ~900km north-east of Perth in the prolific Eastern Goldfields region of Western Australia.
The mine has a long production history, celebrating its 30-year anniversary of continuous gold production in November 2018, with total output of 17.8 million tonnes grading 4.8g/t Au for 2.8 million ounces of contained gold since mining commenced in November 1988.
The operation has been previously owned and operated by Sundowner Minerals NL, Forsayth NL, Plutonic Resources Ltd, Homestake Mining Company, Barrick Gold Corporation and, prior to its acquisition by Red 5 in October 2017, by Gold Fields Limited.
Despite its significant historical output, Darlot continues to deliver exciting new targets, with bulk stoping now underway at the high-grade Oval West deposit, which was discovered by Red 5 in February 2018.
Production from this new high-grade sector is expected to contribute to a strong uplift in gold production from Darlot and a reduction in all-in sustaining costs (AISC) over the next two years.
Ore from Darlot is processed at the 0.83Mtpa Carbon-in-Pulp (CIP) and Carbon-in-Leach (CIL) gold processing plant located on site.
Red 5’s operating strategy for the Darlot mining operation includes:
Targeting opportunities to increase the recovery of existing Resources to extend the mine life
Combining Darlot ore with high-grade ore from King of the Hills to return the processing plant to full capacity (currently 0.83Mtpa) and spread fixed overhead costs over an increased production profile
Systematic exploration of a a pipeline of ranked exploration targets to deliver near-term Resource and Reserve growth
Targeting other growth and consolidation opportunities in the region for existing undeveloped resources within economic trucking distance of Darlot