2.4Moz
Ore Reserve

4.1Moz
Mineral Resource

16-Year
Mine Life

Quick Facts: King of the Hills

Location
Eastern Goldfields region of Western Australia, 28km north of the township of Leonora.

Ownership
100% Red 5 Limited

Land Area
156km2 combined mine license
215km2 combined exploration land package
Planned Production June Quarter 2022

Planned processing plant
4.7Mtpa carbon in leach plant (with flexibility to expand >6Mtpa)

Mining Method
Open Pit and Underground mining from main deposit, supported by 3 satellite pits over 16 year life of mine

Geology
Situated on the eastern contact of an Archaean granodiorite pluton with overlying Archaean supracrustal greenstone rocks of the Leonora Domain.

The key geological feature of the KOTH deposit is a large felsic granitoid known as the Tarmoola Intrusion, emplaced into the volcano-sedimentary pile prior to mineralisation.

Trulli
(click to enlarge image)

Outstanding Track Record

Construction and commissioning is now complete for the new standalone King of the Hills bulk mining and processing gold operation in Western Australia

The $226 million mine development is underpinned by a 4.7Mtpa processing plant, fed by the large open pit and underground mine at KOTH and complemented by a series of smaller satellite pits.

The King of the Hills workforce is approximately 400 workers during operations, and will deliver strong benefits to the Western Australian economy with estimated taxes of $375 million and royalties of $235 million over the initial 16 year mine life.

Feasibility Study Highlights

 

Two distinct mine production phases over the 16-year mine life:

Mining of the south and north pits. including underground mining in Years 1-5
First six years
Cut-back and mining of the north pit
Years 7 - 16

 

 

JORC 2012 Mineral Resource and 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 market announcements and that all material assumptions and technical parameters underpinning the estimates in the relevant 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.

Red 5 confirms that all the material assumptions underpinning the Final Feasibility Study production targets on the King of the Hills project (see ASX release dated 15 September 2020), or the forecast financial information derived from a production target, in the initial public reports continue to apply and have not materially changed.