ASX-listed gold producer with a new focus on Western Australia’s Eastern Goldfields
In August 2017, Red 5 Limited announced plans to embark on a new growth strategy centred on the proposed acquisition of a new high-quality asset portfolio in the Eastern Goldfields region of Western Australia.
Red 5 is listed on the Australian Securities Exchange (ticker: RED).
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New growth strategy centred on the acquisition of a new high-quality asset portfolio in the Eastern Goldfields region of Western Australia.
Proposed acquisition of Darlot Gold Mine and King of the Hills Gold Project will give Red 5 a commanding 25,700ha footprint in the highly-endowed Leonora-Leinster gold district, one of Australia’s most active gold provinces, a Mineral Resource inventory totalling 626,000oz, immediate production and cash-flow, and outstanding exploration and growth potential.
Siana Gold Project in the Philippines currently on care-and-maintenance pending an improvement in operating conditions in the Philippines.
Siana Project retains significant inherent value, including a substantial gold inventory, a modern 1.1Mtpa treatment facility, an open pit mine and a part-developed underground mine
Experienced management team with extensive hands-on experience in the exploration, development and operation of gold mines globally