Nov 11, 2020 / NTS GMT
Mark Williams - Red 5 Ltd. - Managing Director
Thank you very much, Paul, for the introduction. It's an honor to be presenting it right at Resource Rising Stars Conference again this morning. And thank you, ladies and gentlemen, for your interest in the Red 5 story.
It was three years ago that Red 5 bought Darlot and King of the Hills gold mines in the Eastern Goldfields of Western Australia. We bolted them together from a production stance. And since then, we haven't looked back. We've generated positive cash flow, which we've invested back into the business, growing tonnes, grade, and significant mine life. Along our three year journey, we've hit many milestones. The largest to date being the completion of the final feasibility study at King of the Hills which sees the project with a reserve of 2.4 million ounces, placing it as one of the top 10 largest endowed gold mines in Australia. And it gives Red 5 a clear pathway to become a multi operational mid-tier gold producer by 2022.
We're well placed from a cash point of view for the construction of the stand-alone processing plant and
Red 5 Ltd Corporate Analyst Meeting Transcript
Nov 11, 2020
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