Red 5 Limited (ASX: RED) is continuing to make significant progress with the construction and development of its 100%-owned 2.4Moz, 16-year life-of-mine King of the Hills (KOTH) Gold Project in Western Australia.
The KOTH Project is progressing on schedule for first gold in the June Quarter 2022 and remains within budget, with key construction progress during October 2021 including:
- Installation of the 36-foot diameter SAG mill is ongoing, with the mill shell, trunnions, bearings, motors and girth gear installed and the mill now able to be rotated for final torquing of bolts and gear alignment;
- Installation of the crusher has commenced and is due for completion in November 2021;
- Construction of the ROM wall is in progress, with 36 of 48 lifts completed;
- Painting of the exterior of the CIL tanks is nearing completion with the tank agitators, gearboxes, stairs and overflow pipes now being installed;
- All motor control centres for the process plant have been installed in the plant switchrooms;
- The stockpile reclaim tunnel is nearing completion;
- Installation of the power station building is nearing completion, with the high-voltage panels installed in the switchroom and two of the seven gas engines on site;
- Shipment of gas pipe is en-route to Australia for connection to the Goldfields Gas Pipeline; and
- Earthworks are ongoing for the wall lift of Tailings Storage Facility 4.
“Development at KOTH has really stepped up a gear during October with increased manning levels and construction activities accelerating on multiple fronts, with the SAG mill shell now assembled and the crusher on- track to be fully installed within the next few weeks,” Red 5 Managing Director, Mark Williams, said:
“The hot tap into the Goldfields Gas Pipeline is scheduled for mid-November and four more gas engines for the power station are scheduled to arrive in Australia later this month.
“Grade control drilling for the KOTH open pit commenced in October, with results from this programme set to de-risk mining in the first year of production.
“The advanced status of many of these work programmes means that we remain on track to deliver first gold production from the new KOTH processing plant in the June 2022 Quarter, with the construction program also remaining within budget – a testament to the exceptional management of our project execution team led by our Project Manager Warren King and our EPC contracting partner MACA Interquip.”
For further information please visit: https://www.red5limited.com
