King of the Hills gold mine project Report

Asset Report 17 July 2024

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Report summary

Red 5's newly commissioned King of the Hills Gold Mine is located 28km north of the town of Leonora and 80km south of the Company’s Darlot Satellite Gold Mine in the Eastern Goldfields region of Western Australia. The mine consists of a 4.75moz Resource and 2.46moz Reserve. The open pit has a 16-year LOM, and the underground mine has an initial five-year LOM, with further potential to continue based on further exploration. The first gold was poured in June 2022, with commercial production declared in December 2022.