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- Red 5 (RED) completes the first gold pour for its King of the Hills project in Western Australia
- Following the recent commissioning of the gravity and elution circuits at the project, the company delivered two gold doré bars in the first gold smelt, weighing 1588 ounces
- The company will now shift its focus to accelerating production, with activities ramping up on the grinding circuit and wet plant
- Red 5 says it believes it is well-placed to increase the processing plant to full capacity, with about two months of feedstock ready for processing
- Shares in Red 5 are down 1.27 per cent and trading at 39 cents each at 10:57 am AEST
Red 5 (RED) has completed the first gold pour for its King of the Hills project in Western Australia.
Following the recent commissioning of gravity and elution circuits at the project, the company delivered two gold doré bars in the first gold smelt, weighing 1588 ounces.
Managing Director Mark Williams said this was a milestone for Red 5, and the company now had a strong platform to build upon.
“It marks the beginning of a new era for Red 5, with the new 4.7-million-tonne-per-annum King of the Hills processing plant set to become a highly efficient production hub,” he said.
Red 5 said ahead of the first gold pour, the gyratory crushing circuit had been running for over 40 days, achieving throughput rates above 1600 tonnes per hour.
The company will now shift its focus to accelerating production at King of the Hills, with activities ramping up on the grinding circuit and wet plant.
The SAG mill is now achieving throughput rates of 600 tonnes per hour at moderate mill load and power draw.
Red 5 said it was well-placed to increase the processing plant to full capacity, with about two months of feedstock ready for processing
Shares in Red 5 were down 1.27 per cent and trading at 39 cents each at 10:57 am AEST.
