Red 5 halfway there at King of the Hills
PERTH (miningweekly.com) – Gold miner Red 5 has reached the 50% completion milestone at its King of the Hills gold project, in Western Australia.
The ASX-listed company said on Tuesday that first gold at the 2.4-million-ounce operation was still on schedule for the June quarter of 2022, with the project remaining within budget.
The initial mine plan for King of the Hills estimated a mine life of 16 years, with gold production in years one to six expected to average 176 000 oz/y, while peak annual gold production of 203 000 oz/y will be achieved in 2024, benefitting from underground mining of one-million tonnes a year in years one to four.
“It’s great to see our new state-of-the-art King of the Hills project now really beginning to take shape, as can be seen in the drone images above, which show the rapidly expanding footprint of the site,” said Red 5 MD Mark Williams
“Construction of the carbon-in-leach tanks is well advanced, with all eight tanks at full height. All steelwork and platework for the process plant has been awarded for fabrication and, remarkably, nearly 80% of this steelwork is already on site together with many key components for the semi-autogenous grinding mill. The mill installation crews are now on site and have started preparing the mill sole plates for installation.
“It’s very pleasing to have passed the 50% project completion milestone and EPC contractor MACA Interquip continues to perform strongly. The countdown is now well and truly on towards project commissioning and first gold from Australia’s next major gold mine in the June quarter 2022.
“Despite the challenging environment for people, equipment and services across the Western Australian mining industry, King of the Hills remains within budget and on schedule, which is a credit to the diligence, hard work and focus of our team.”
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