4 2022 ANNUAL REPORT HEALTH AND SAFETY Red 5 continues to manage and mitigate the potential impact of the COVID-19 global pandemic on the Company’s operations. The Management Response Plan remains focused on ensuring the health and safety of Red 5 personnel and limiting the disruption risk to our operations. This plan has been progressively developed in line with the formal guidance of State and Federal health authorities, in close coordination with the Australian Resources and Energy Group (AMMA) and under the Company’s existing Emergency Management Policies. The Company continues to closely monitor the advice and requirements from State and Federal Governments and health authorities and maintain its focus on the health and well-being of staff and the communities in which we operate. Three Lost Time Injuries (LTI) and 15 Restricted Work Injuries (RWI) were recorded across Red 5’s mining, processing and exploration activities in FY-22. EASTERN GOLDFIELDS, WESTERN AUSTRALIA Red 5 holds an extensive 2,555km2 strategic tenement footprint in the world-class Leonora-Leinster mineral district in the northern goldfields of Western Australia, which includes the Darlot and Great Western gold mines and the KOTH gold mine where construction was completed in late FY-22. In addition to its operating gold mines, Red 5’s tenements also offer significant exploration upside, with active exploration programs being undertaken at both Darlot and KOTH during the year. KING OF THE HILLS CONSTRUCTION Development activities were completed at KOTH during FY-22, with first ore processed through the 4.7Mtpa processing plant in May 2022 and first gold poured on 5 June 2022. Process plant construction Construction of the process plant and other infrastructure progressed on schedule and within budget throughout the reporting period. As at 30 June 2022, key construction status included: \ \ commissioning of the gravity and elution circuits completed; \ \ SAG mill currently achieving throughput rates of 600 tonnes per hour for extended periods at moderate mill load and power draw; \ \ commissioning of the variable speed drive completed; \ \ installation of the KOTH power station and gas supply completed. At 30 June 2022 the KOTH processing team was focused on increasing the mill production rate and completing outstanding punch list items with the EPC contractor. Village construction The KOTH accommodation village and infrastructure was completed in the September Quarter 2021. The village can accommodate 380 personnel with provision to expand to 450, including water treatment and waste-water treatment plants. KOTH power station and gas supply KOTH’s turnkey power station was supplied by Zenith Pacific. Construction and commissioning of the gas pipeline, connecting KOTH to APA’s goldfields gas pipeline, was completed during the March 2022 Quarter. Installation of the KOTH power station was complete as at the end of FY-22, with a combination of gas and solar energy supplying site power. MANAGING DIRECTOR’S Report (cont.)
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