Red5 Annual Report 2022

Corporate PROFILE CONTENTS Message from the Chairman 2 Managing Director’s Report 3 Environmental, Social and Governance Summary 9 Resources and Reserves Statement 11 Tenement Schedule 19 Financial Report Directors’ Report 20 Annual Financial Statements 46 Notes to Financial Statements 50 Statement of Shareholders 92 Corporate Directory 93 Red 5 Limited (ABN 73 068 647 610) is an Australian gold producer with established mines located in the Eastern Goldfields of Western Australia. The Company is listed on the Australian Securities Exchange (Ticker: RED). Red 5 owns and operates the King of the Hills (KOTH) Gold Mine, located approximately 900 kilometres north-east of Perth and 25 kilometres north of Leonora in Western Australia. KOTH comprises a recently constructed 4.7 Mtpa processing plant, underpinned by an Ore Reserve of 2.4Moz of contained gold, with ore being fed from a bulk open pit and underground mining operation. The A$226 million development and construction of the KOTH project was completed on time and within budget in 2022, with first gold produced on 5 June 2022. Red 5 also owns the Darlot Gold Mine located approximately 100 kilometres north of KOTH. Darlot’s processing plant was recently suspended, with ore from the Darlot underground mine now being transported to the KOTH processing hub. The Red 5 Group divested its interests in the Siana Gold Project in the Philippines in September 2021. The Red 5 Group holds a royalty interest in Siana, which is expected to return to production in 2023. Our vision is to be a successful multi-operational exploration and mining company, providing benefits to all stakeholders through the consistent application of technical excellence and responsible and sustainable industry practices. 2022 ANNUAL REPORT

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