Red 5 Limited (ABN 73 168 647 610) is listed on the Australian Securities Exchange (ticker RED) with over 3,500 shareholders. The largest shareholders Franklin Resources Inc with 16.75% interest, Ruffer LLP with 11.76% and Baker Steel Capital Managers LLP 7.86%. There are also institutional shareholders based in Toronto, New York, Boston, San Francisco, London, Melbourne and Sydney.
The company's principal asset is the Siana Gold Project situated on the island of Mindanao in the Philippines. The project is held under a Mineral Production Sharing Agreement (MPSA) by Greenstone Resources Corporation (a Red 5 Philippine affiliate company), and has been in production since April 2012.
The deposit is currently mined by open pit methods with a planned transition to underground mining in the future. Based on Current Reserves, the project is expected to produce an average of 60 - 75,000 ounces of gold per annum over a 10 year mine life. The resource base remains open at depth and along strike.