Reporting Period
The reporting period is the year ended 30 June 2023. The previous corresponding period is 30 June 2022.
All amounts are in Australian Dollars, unless otherwise stated. This information should be read in conjunction with Red 5 Limited’s

2023 Annual Report (which includes the 2023 Financial Report).
30 June 2023 30 June 2022 Change A$000 A$000 A$000 %
Revenue from ordinary activities 422,745 164,962 257,783 156%
Loss from continuing operations after tax (8,730) (48,664) 39,934 82%
Net loss after tax attributable to members (8,730) (28,615) 19,885 69%
Red 5 had record production of 165,544 ounces of gold for the period, contributing to gross sales of $422.7 million. Gold was
produced from the new King of the Hills (KOTH) Gold Mine in Western Australia, with ore feed from the KOTH Open Pit mine,
KOTH Underground mine and Darlot Underground satellite mine, with processing at the new KOTH process plant. Cost of sales of
$394.6 million comprised production costs, royalties, movement in stockpiles and depreciation charges. Red 5 also incurred
general and administrative expenses of $8.8 million and financing expenses of $18.9 million on leases and borrowings during the
period.
The Group incurred a loss from continuing operations for the period of $8.7 million (30 June 2022: the operating loss from
continuing operations was $48.7 million, and a net loss $28.6 million). The net loss was reflective of the ramp up of mining and
processing activities at KOTH, with commercial production being announced on 16 December 2022.
Operations have been cash flow positive since March 2023, putting Red 5 in a solid position to continue to de-leverage and
strengthen the balance sheet for the future. The Company’s Net Debt position improved by $56.6 million during the second half
of the year, being $81.9 million at 30 June 2023.
No dividend was paid or proposed during the year ended 30 June 2023 (30 June 2022: Nil).
Net tangible assets
The net tangible assets per ordinary share for the year ended 30 June 2023 was $0.10 (30 June 2022: $0.08).
Investments in controlled entities
During the period, there were no changes in control over Group entities.
Investments in associates and joint ventures
Red 5 Limited does not have any interests in associates or joint venture entities as at 30 June 2023.
Review and accounting standards
The report is based on the consolidated annual financial statements for the year ended 30 June 2023 which has been subject to
an audit by the Company’s auditors. All entities incorporated into the consolidated Group’s results were prepared under Australian
Accounting Standards (AASBs) which comply with the International Financial Reporting Standards (IFRS).

see & read more on
https://www.red5limited.com/site/pdf/2d362f3d-b148-4cb3-aaa8-f8787142da44/Red5-Appendix-4E-and-Annual-Financial-Statements.pdf