Red5 Annual Report 2022

73 2022 ANNUAL REPORT 26 CAPITAL AND OTHER COMMITMENTS CONSOLIDATED 30 June 2022 30 June 2021 $’000 $’000 Capital expenditure commitments Contracted but not provided for: (a) - not later than one year 15,413 83,934 15,413 83,934 Contractual sale commitments Sale commitments: (b) - not later than one year 125,072 - - later than one year but not later than two years 184,419 125,072 - later than two years but not later than five years 100,533 284,952 410,024 410,124 Contractual expenditure commitments Non-capital expenditure commitments: - not later than one year 904 5,376 904 5,376 Tenement expenditure commitments: - not later than one year 3,291 3,310 - later than one year but not later than two years 2,931 2,612 6,222 5,922 (a) In the prior year capital commitments related to the processing plant construction at King of the Hills. The project was completed during the current year, resulting in the remaining capital commitments at 30 June 2022 relating to the construction of the tailings storage facility at King of the Hills. (b) Includes forward sale contractual commitments for 189,650 ounces amounting to $410 million relating to future sales of gold from King of the Hills. The hedge contracts are fixed at an average price of $2,154 per ounce and settle between October 2022 and June 2025. They are accounted for under the “own use” exemption. 27 CONTINGENT LIABILITIES The consolidated entity had no material contingent liabilities as at the reporting date and as at the end of the year. Notes to the CONSOLIDATED FINANCIAL STATEMENTS for the year ended 30 June 2022 (cont.)

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