Ann: Red 5 Ore Reserve and Mineral Resource Statement, page-26

Just to reiterate... Darlot ore was not part of the DFS.



Here you go RED, I have updated your mine plan, since it's clearly has not made your to do list yet....
(I have added 50k ounces to FY24,F25 & FY26 (that is basically what they have in reserves at Darlot, or will have if they keep having good drilling results like today. This dramatically changes REDs profitability, as suddenly the large amount of hedging becomes... less compared to the total yearly production.



In saying the above, I know they are not going to hit 250k for FY24, but.... perhaps 220k?

I would argue that RED needs to work hard now to find another U/G source over the next 2-3 years to ensure they can keep production rates well above 200k p.a.

Well done to the team at the Darlot U/G mine. They continue to prove how to run an U/G op, without fighting against an old and small plant (that made the project uneconomic).