RED 5 LIMITED

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Red 5 Limited Announces Update on King of the Hills Gold Project

11/07/2021 | 04:25pm
Red 5 Limited announced that it is continuing to make significant progress with the construction and development of its 100%-owned 2.4Moz, 16-year life-of-mine King of the Hills (KOTH) Gold Project in Western Australia. The KOTH Project is progressing on schedule for first gold in the June Quarter 2022 and remains within budget, with key construction progress during October 2021 including: Installation of the 36-foot diameter SAG mill is ongoing, with the mill shell, trunnions, bearings, motors nd girth gear installed and the mill now able to be rotated for final torquing of bolts and gear alignment; nstallation of the crusher has commenced and is due for completion in November 2021; Construction of the ROM wall is in progress, with 36 of 48 lifts completed; Painting of the exterior of the CIL tanks is nearing completion with the tank agitators, gearboxes, stairs and overflow pipes now being installed; All motor control centres for the process plant have been installed in the plant switchrooms; The stockpile reclaim tunnel is nearing completion; Installation of the power station building is nearing completion, with the high-voltage panels installed in the switchroom and two of the seven gas engines on site; Shipment of gas pipe is en route to Australia for connection to the Goldfields Gas Pipeline; and Earthworks are ongoing for the wall lift of Tailings Storage Facility 4.
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