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Red 5 Announces Regarding Darlot Gold Mine Plan and King of the Hills Processing Hub Strategy

02 Aug 2021  |  08:33:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Darlot mine plan & King of the Hills processing hub strategy

Red 5 announced that it has undertaken a comprehensive review of the Darlot underground mine inventory, which has included progressive resource model reviews and validation, historical unit cost analysis, cut-off grade calculations, and stope optimisations. Each area identified through the Stope Optimiser (Deswik.SO) was taken through a rigorous design process to assess each mining area's economic validity. The commencement of processing operations at KOTH in the June Quarter 2022 will provide a more cost effective processing alternative for Darlot ore, repositioning Darlot as a high-grade satellite ore source for KOTH.

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