The Assay TV hears from Patrick Duffy, Chief Corporate Development Officer of Red 5 Ltd. (ASX: RED) about the company’s flagship King of the Hills (KOTH) gold mine in Western Australia, which hosts a Mineral Resource of 4.12Moz and Ore Reserve of 2.4Moz, with 16 years mine of life.
The development of the mine is underpinned by the construction of an over-4Mtpa processing plant, which will be fed by the company’s large pit and underground operations. Patrick says that KOTH will become one of the top-ten Australian gold mines once production gets underway in the June quarter of next year.
Primary ticker: ASX:RED
Stages of development: Development, Production
Project to promote: King of the Hills Gold Project
Project location: Australia