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    RED   AU000000RED3

RED 5 LIMITED

(RED)
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Delayed Australian Stock Exchange  -  02:10 2022-06-24 am EDT
0.2950 AUD   +1.72%
06/08Red 5 Signs Three-Year Contract with Delta Drone for Surveying Services at Western Australian Mines
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06/07Delta Drone International Limited Signs 3-Year Contract with Red 5 Limited
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06/07Red 5 Limited Announces the Appointment of Fiona Harris Am as Non-Executive Director
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Red 5 Limited Announces Underground Mining Recommences While Process Plant Commissioning Advances At King of the Hills

04/06/2022 | 06:19pm EDT

Red 5 Limited announced that it remains on track for first gold production in the current quarter at its 100%-owned 2.4Moz, 16-year life-of-mine King of the Hills (KOTH) Gold Project, after achieving further key construction and operational readiness milestones during March 2022. Construction and Commissioning: Key construction progress for March included: Commissioning of the crushing circuit has been completed; Commissioning of the gas pipeline has been completed; Commissioning of the power station has been completed to the stage where it is ready to power the process plant; Installation of the solar panels has been completed and wiring is being finalised; and Commissioning of the SAG mill has commenced, with the current critical path to first gold being the commissioning of the Variable Speed Drive. Mining: The company's mining business partner, Macmahon Contractors, recommenced underground mining at King of the Hills on 31 March 2022, in line with the project execution schedule. The start-up underground mine fleet comprises one jumbo, two boggers and a supporting fleet. The initial focus is on mine development, with the first stopes planned to be fired later in the quarter. In the open pit, two fleets are now operating on both day and night shifts as Macmahon ramps up its on-site teams, with a third and final fleet planned to be operational in May 2022.


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All news about RED 5 LIMITED
06/08Red 5 Signs Three-Year Contract with Delta Drone for Surveying Services at Western Aust..
MT
06/07Delta Drone International Limited Signs 3-Year Contract with Red 5 Limited
CI
06/07Red 5 Limited Announces the Appointment of Fiona Harris Am as Non-Executive Director
CI
06/05Red 5 Pours First Gold at King of the Hills Project
MT
06/05Red 5 Limited Completes the First Gold Pour At the 100%-Owned 2.4Moz, 16-Year Life-Of-M..
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05/11Red 5 Starts Ore Processing at King of the Hills Gold Project
MT
05/11Red 5 Limited Advises That First Ore Has Commenced Being Processed Through the 4.7Mtpa ..
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04/27RED 5 : March 2022 quarterly presentation
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04/27TRANSCRIPT : Red 5 Limited, Q3 2022 Earnings Call, Apr 28, 2022
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04/21Torian Resources Limited - Mt Stirling Gold Project update and further significant inte..
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Financials
Sales 2022 168 M 117 M 117 M
Net income 2022 -32,7 M -22,7 M -22,7 M
Net Debt 2022 134 M 92,9 M 92,9 M
P/E ratio 2022 -20,3x
Yield 2022 -
Capitalization 695 M 483 M 483 M
EV / Sales 2022 4,94x
EV / Sales 2023 1,84x
Nbr of Employees -
Free-Float 82,7%
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Mean consensus BUY
Number of Analysts 3
Last Close Price 0,30 AUD
Average target price 0,47 AUD
Spread / Average Target 58,2%
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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
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