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RED 5 LIMITED

(RED)
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Delayed Australian Stock Exchange  -  05/26 01:17:15 am EDT
0.4075 AUD   -1.81%
05/11Red 5 Starts Ore Processing at King of the Hills Gold Project
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05/11Red 5 Limited Advises That First Ore Has Commenced Being Processed Through the 4.7Mtpa Processing Plant At King of the Hills Gold Project in Western Australia
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04/27RED 5 : March 2022 quarterly presentation
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Central Iron Ore Ltd Announces Settlement with Red 5 Limited

12/14/2021 | 07:30am EDT

Central Iron Ore Ltd. announced that a settlement has been reached with Red 5 Limited. Red 5 Joint Venture: After long negotiation Red 5 Limited and Central Iron Ore Ltd’s subsidiary South Darlot Mines Pty Ltd. (SDM) has reached a settlement with Darlot Mining Company Pty Ltd. (Darlot) pursuant to which it was agreed that SDM has earned an additional 19% interest in M37/1045, M37/709, M37/631 and M37/552 (taking its interest from 51% to 70%) pursuant to a 2011 farm-in agreement. It was also agreed under the Settlement Deed and Joint Venture Agreement entered into by the parties that Darlot is holding a 70% interest in a portion of two additional tenements, M37/421 and M37/632, on trust for SDM. The Company’s South Darlot Gold Project area is located approximately 320km northwest of Kalgoorlie in Western Australia and includes: This mine, which was 49% owned by the Company, and which is National Instrument 43-101 – Standards of Disclosure for Mineral Projects compliant is 5km southwest of Red 5 Limited’s Darlot Mine and is currently in care and maintenance. Under the terms of Tenement Acquisition Agreement dated 30 October 2014 regarding the sale of British King by CIO to BK Gold Mines Pty Limited, the British King Mine has now reverted to 100% beneficial ownership by CIO. CIO is registered on title for 49% and has received signed transfer forms from BK Gold Mines Pty Limited to Central Iron Ore Limited for the transfer of a further 51% interest as agreed. The registration of unencumbered title of that 51% interest is being delayed by Silverstream SE22, who provided funding to BK Gold Mines Pty Limited to fund their acquisition under the Tenement Acquisition Agreement. Silverstream SE22 has refused to remove the caveats which prevents registration of the transfers. CIO maintains that such refusal has no legal foundation and is evaluating its options which includes commencing legal proceedings.


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All news about RED 5 LIMITED
05/11Red 5 Starts Ore Processing at King of the Hills Gold Project
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Financials
Sales 2022 168 M 119 M 119 M
Net income 2022 -32,7 M -23,2 M -23,2 M
Net Debt 2022 134 M 94,5 M 94,5 M
P/E ratio 2022 -28,6x
Yield 2022 -
Capitalization 978 M 692 M 692 M
EV / Sales 2022 6,63x
EV / Sales 2023 2,53x
Nbr of Employees -
Free-Float 82,7%
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Mean consensus BUY
Number of Analysts 3
Last Close Price 0,42 AUD
Average target price 0,47 AUD
Spread / Average Target 12,5%
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Managers and Directors
Mark James Williams Managing Director & Executive Director
John Tasovac Chief Financial Officer
Kevin Anthony Dundo Non-Executive Chairman
Jason Greive Chief Operating Officer
Ian Keith MacPherson Independent Non-Executive Director
Sector and Competitors