17 2022 ANNUAL REPORT PHILIPPINE OPERATIONS SIANA GOLD PROJECT During the 2022 financial year, the Group divested its interests in the Siana Gold Project located in the Philippines and retains a 3.25% Net Smelter Return royalty payable up to 619,000oz of gold produced. COMPETENT PERSON’S STATEMENT Accountabilities for compilation of the 2022 annual Mineral Resource and Ore Reserve estimates are summarised in the table below. COMPETENT PERSONS FOR JORC 2012 MINERAL RESOURCE AND ORE RESERVE Discipline Competent Person Role Project Professional Membership Membership Number Mineral Resources Byron Dumpleton Chief Geologist (Red 5 Limited) King of the Hills Darlot Great Western Regional Resources AIG 1598 Ore Reserves Kevin Oborne Group Technical Services Manager (Red 5 Limited) King of the Hills Darlot Great Western Regional Resources AusIMM 226591 MINERAL RESOURCES AND ORE RESERVES Statement (cont.) Mineral Resource Mr Byron Dumpleton confirms that he is the Competent Person for the Mineral Resources summarised in this report and Mr Dumpleton has read and understood the requirements of the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code, 2012 Edition). Mr Dumpleton is a Competent Person as defined by the JORC Code, 2012 Edition, having five years’ experience that is relevant to the style of mineralisation and type of deposit described in this report and to the activity for which he is accepting responsibility. Mr Dumpleton is a Member of the Australian Institute of Geoscientists, No. 1598. Mr Dumpleton is a full time employee of Red 5 Limited. Mr Dumpleton has reviewed this report and consents to the inclusion of the matters based on his supporting information in the form and context in which it appears. Mr Dumpleton verifies that the Exploration Results and Mineral Resource estimate section of this report is based on and fairly and accurately reflects in the form and context in which it appears, the information in his supporting documentation relating to Open Pit and Underground Mineral Resource estimates. Ore Reserve Mr Kevin Oborne confirms that he is the Competent Person for the underground and open-pit Ore Reserve estimates summarised in this report and Mr Oborne has read and understood the requirements of the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code, 2012 Edition). Mr Oborne is a Competent Person as defined by the JORC Code, 2012 Edition, having five years’ experience that is relevant to the style of mineralisation and type of deposit described in the report and to the activity for which he is accepting responsibility. Mr Oborne is a Member of the Australasian Institute of Mining and Metallurgy, No. 226591. Mr Oborne is a full time employee of Red 5 Limited. Mr Oborne has reviewed this report and consents to the inclusion of the matters based on his supporting information in the form and context in which it appears. Mr Oborne verifies that the Ore Reserve section of this report is based on and fairly and accurately reflects in the form and context in which it appears, the information in his supporting documentation relating to the Ore Reserves. Red 5 confirms that it is not aware of any new information or data that materially affects the information included in the original ASX market announcements and that all material assumptions and technical parameters underpinning the estimates in the relevant ASX market announcements continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Persons findings are presented have not been materially modified from the original market announcements.
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