- Red 5 (RED) commences ore processing at its King of the Hills gold project located in the Eastern Goldfields region of Western Australia
- Processing operations at the plant will initially focus on low-grade development ore while final commissioning of the processing circuit is completed
- Red 5 expects the first gold from the processing plant to be poured in the near future
- Managing Director Mark Williams says beginning this work on time and budget is a key milestone for the project
- On the market, Red 5 last traded at 34.5 cents per share on May 11
Red 5 (RED) has commenced ore processing at its King of the Hills (KOTH) gold project located in the Eastern Goldfields region of Western Australia.
Processing will initially focus on low-grade development ore, sourced primarily from stage one of the KOTH open pit and exisiting stockpiles, while final commissioning of the processing circuit is completed.
Red 5 is expecting the first gold from the processing plant to be poured in the near future.
Mining is ongoing in both the KOTH open pit and underground mines, with the third open pit fleet now ramping up.
Managing Director Mark Williams said beginning the processing work on time and budget is a “key milestone” for King of Hills.
“I am very proud of the achievements to date of our construction and operations teams during these unprecedented market conditions,” he said.
“The King of the Hills processing plant will become a highly efficient processing hub for our operations in the Leonora district, enabling Red 5 to deliver a significant step-change in our business.”
“We are delighted to have commenced processing operations, and we look forward to delivering our next key milestone of first gold.”
On the market, Red 5 last traded at 34.5 cents per share on May 11.