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RED 5 LIMITED

ASX: RED

The data on Australian Shares.com is intended as a guide only and is compiled from information in the public domain. Data on this website should not be used to make an investment or trading decision.

Description

Red 5 Limited's principal asset is the Siana Gold Project situated on the island of Mindanao in the Philippines. The project is held under a Mineral Production Sharing Agreement (MPSA) by Greenstone Resources Corporation (a Red 5 Philippine affiliate company), and has been in production since April 2012.

The deposit is currently mined by open pit methods with a planned transition to underground mining in the future. Based on Current Reserves, the project is expected to produce an average of 60 - 75,000 ounces of gold per annum over a 10 year mine life. The resource base remains open at depth and along strike.

The second principal asset is the Mapawa MPSA, 20km north of Siana which has the potential to provide satellite ore to the Siana processing plant. The property hosts a known gold porphyry system with numerous high grade gold occurrences throughout the project area. The area has had very little exploration activity and is considered to have immense potential.

Mine For

gold

Location of operation(s)

Philippines

Address

Level 2 , 35 Ventnor Avenue
WEST PERTH, WA, AUSTRALIA

Phone

(08) 9322 4455

Email

Website


Last Updated

19/3/2015

 

The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.