Ann: Silver Lake Acquires Red 5 Shares, page-135

Kotaredrew " Co made a good win on Red- and Reds financials looking positive."

Great result folks! SilverLake will have bells on tomorrow! Truely a good buy by SLR Management!

18 October 2023September 2023 Quarterly ReportKing of the Hills achieves another strong quarter with 55,009ounces produced at an AISC of A$1,696/ozRed 5 is well positioned to deliver at the top end of FY24 production guidance of 195,000 - 215,000 ouncesHighlightsOperations• One recordable injury during the September Quarter, with 12-month TRIFR reducing to 7.61 from 9.01. • King of the Hills (KOTH) September quarterly gold production of 55,009 ounces (June Quarter: 61,705 ounces) at an all-in sustaining cost (AISC) of A$1,696/oz. • Quarterly gold sales of 54,383 ounces (June Quarter: 58,960 ounces),resulting in operating cash flows of $43.8million for the September Quarter. • On track to deliver at the top end of FY24 production guidance of 195,000 – 215,000 ounces, with AISC of A$1,850 - A$2,100/oz and growth capital of $40.0 – $46.0 million.Exploration and Resource Growth• Updated Mineral Resource and Ore Reserve Statement reported as at 30 June 2023 Red 5 Group Mineral Resource Estimate of 6.2Moz of contained gold and Ore Reserve Estimate of 2.6Moz of contained gold. o A continued increase in Resource confidence at KOTH, with a 185% increase in open pit Measured Resources and a 102% increase in underground Indicated Resources. • Grade control and Resource extension drilling results for KOTH underground mine support long-term growth potential, consolidating the FY24 Mine Plan and identifying potential extensions to existing Resource areas.• In advance of mining Stage 2 in the KOTH open pit, grade control drilling has already delivered encouraging results in the upper levels, including 26m grading 168.15g/t (KOTGC5567).Corporate and Finance • The Company’s net debt position reduced by $13.7 million for the Quarter to $68.2 million at 30 September 2023 (30 June 2023: $81.9 million). • At 30 September 2023, Red 5 had $44.6 million in cash and bullion (30 June 2023: $45.9 million). Total outstanding debt has reduced to $112.8 million (30 June 2023: $127.8 million) following the repayment of $15.0 million for the Quarter, including $10.8 million of accelerated debt repayments.• Management team further strengthened with the appointment of highly experienced mining and finance executives David Coyne as CFO and Joint Company Secretary and Lisa Wynne as Joint Company Secretary. • Mr Russell Clark and Mr Peter Johnston were appointed as non-executive Directors with Mr Clark accepting the position as Chair of the Board. Long-serving Non-Executive Directors Mr Colin Loosemore and Mr Steve Tombs have confirmed they will be retiring from the Board on 6 November 2023, which concludes the Board renewal process.