Red 5 (ASX:RED) reports its King of the Hills (KOTH) gold mine in Western Australia is on track for commercial production in the December 2022 quarter.
The company says throughout this month, the KOTH process plant has performed well processing a consistently ‘harder’ ore feed blend, and overall plant utilisation up to 19 November has averaged above 95%, with average mill throughput of 618 tonnes per operating hour, or 14,100 tonnes per day.
The site is preparing for a scheduled plant shutdown at the end of November to complete planned maintenance on the crusher and mill, with the SAG mill estimated to be offline for around 72 hours.
The site is preparing for a scheduled plant shutdown at the end of November to complete planned maintenance on the crusher and mill
The company’s 3 mines consisting of the KOTH open pit and underground mines and the Darlot underground mine are ‘well-resourced’ according to Red 5, and are performing in line with expectations.
In the KOTH open pit, the majority of the waste cut-back of stage one is complete and the primary ore body, located and and around the ultramafic and granodiorite intrusion contact is now exposed on the pit floor, and grade control drilling of these initial primary ore body levels is confirming the expected tonnes and grades.
The company says additional crews have been in place since August to enable the mining schedule to catch up for lost material movements due to COVID-19 absenteeism experienced from May to July this year, with these catch up activities scheduled for completion in December 2022.
Red 5 reports commercial production at KOTH remains on track to be achieved later in the December 2022 quarter.
Red 5 is an ASX-listed multi-operational mineral resource company operating in Western Australia and the Philippines.
Its assets include the Darlot Gold Mine, the King of the Hills Project in Western Australia, and a royalty interest in the Siana Gold Mine in the Philippines.
Images: Red 5 Limited
