Ann: Quarterly Activities Report, page-38

From Fatprophets today.

Red 5’s consolidated operations have met or exceeded the FY24 guidance, showcasing the complementary nature of the merged entities. The company retains a robust balance sheet, providing financial flexibility to optimize operations and pursue growth opportunities. FY25 sales, cost, and capital expenditure guidance are expected to be released with the FY24 financial results in August.Overall, with a solid balance sheet, no outstanding debt and a better gold outlook, Red 5 is well-positioned to optimize its current operations and explore further growth and extension opportunities, particularly at the King of the Hills mine. We, therefore, maintain our BUY rating on Red 5 (ASX.RED).