ASX Code: RED 2 0 -2 2 February 2 0 1 8 Mark W illiam s, - PowerPoint PPT Presentation

ASX Code: RED 2 0 -2 2 February 2 0 1 8 – Mark W illiam s, Managing Director

Com petent Person’s Statem ent & Disclaim er Com petent Person Statem ent for Exploration Results The information in this presentation which relates to Exploration Results is extracted from the ASX announcement titled High-Grade Drilling Results Confirm Potential for Resource Extensions within Key Mining Area at Darlot released by the Company on 22 February 2018 and is available to review on the ASX web-site at www.asx.com.au. Red 5 confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from that ASX announcement. Com petent Person Statem ents for JORC 2 0 1 2 Mineral Resource and Ore Reserves The information in this presentation that relates to the Mineral Resources at the Siana open pit is extracted from the report titled Siana Gold Project – Open Pit Mining Review and Reserve Update, released on 24 September 2015 and is available on the ASX web-site, figures quoted are reported as at 30 June 2017. The information in this presentation that relates to the Mineral Resources at the Mapawa Project is extracted from the report titled Maiden 289,000oz Gold Resource for Mapawa LSY Deposit, dated 21 October 2015 and is available on the ASX web-site. The information in this presentation that relates to Mineral Resources for the Siana Underground is extracted from the report titled Siana Underground Mineral Resource dated 23 February 2016 and is available on the ASX web-site. The information in this presentation that relates to Ore Reserves at the Siana Underground is extracted from the report titled Siana Gold Project: Underground Mine Approved for Development Following Completion of Positive Updated Feasibility Study dated 14 June 2016 and is available on the ASX web-site. The information in this presentation that relates to the Mineral Resources for the Darlot Underground deposit and the information in this presentation that relates to the Ore Reserves for the Darlot Underground deposit is extracted from the report titled Maiden 895koz Resource and 131koz Ore Reserve for Darlot Gold Mine Sets Foundation for Gold Production Outlook for 2018, dated 21 December 2017 and is available on the ASX web-site. Red 5 confirms that it is not aware of any new information or data that materially affects the information included in the original market announcements and that all material assumptions and technical parameters underpinning the estimates in the relevant market announcements continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Persons findings are presented have not been materially modified from the original market announcements. Forw ard-Looking Statem ents Certain statem ents made during or in connection with this presentation contain or comprise certain forward-looking statem ents regarding Red 5’s Mineral Resources and Reserves, exploration activities, project development operations, production rates, life of mine, projected cash flow, capital expenditure, operating costs and other economic performance and financial condition as well as general market outlook. Although Red 5 believes that the expectations reflected in such forward-looking statem ents are reasonable, such expectations are only predictions and are subject to inherent risks and uncertainties which could cause actual values, results, performance or achievem ents to differ materially from those expressed, implied or projected in any forward looking statem ents and no assurance can be given that such expectations will prove to have been correct. Accordingly, results could differ materially from those set out in the forward-looking statem ents as a result of, am ong other factors, changes in economic and market conditions, delays or changes in project developm ent, success of business and operating initiatives, changes in the regulatory environm ent and other governm ent actions, fluctuations in metals prices and exchange rates and business and operational risk managem ent. Except for statutory liability which cannot be excluded, each of Red 5, its officers, employees and advisors expressly disclaim any responsibility for the accuracy or completeness of the material contained in this presentation and excludes all liability whatsoever (including in negligence) for any loss or damage which may be suffered by any person as a consequence of any information in this presentation or any error or omission. Red 5 undertakes no obligation to update publicly or release any revisions to these forward-looking statem ents to reflect events or circumstances after today's date or to reflect the occurrence of unanticipated events other than required by the Corporations Act and ASX Listing Rules. Accordingly you should not place undue reliance on any forward looking statement. 2

Red 5 – Corporate Sum m ary Share Price Issued Shares Market Cap • Kevin Dundo Chairman (at 20/02/18) (undiluted) (at 20/02/18) • Mark Williams Managing Director • I an Macpherson Non-executive Director A$0.071 1,240.7M A$88.0M • Colin Loosemore Non-executive Director Enterprise Value Debt Cash/Bullion • John Tasovac Chief Financial Officer (at 20/02/18) (at 20/02/18) (at 31/12/17) • Steve Tombs General Manager A$66.2M Nil A$21.8M • Frank Campagna Company Secretary Our Com pany Vision Shareholders 1 9 .9 St Ives/ Gold Fields 4 1 .5 Franklin Resources Inc. “To be a successful multi-operational exploration and 1 4 .6 Saracen Minerals mining company, providing benefits to all 1 0 .5 Ruffer LLP stakeholders, through the consistent application of 5 .1 8 .4 Matchpoint Asia Fund technical excellence, and responsible and sustainable Other industry practices.” 3

Red 5 Projects: 2 .4 Moz Resource I nventory Siana Gold Project, Philippines • Open pit and underground mining Darlot Gold Mine, W A • CI L process plant • Operations temporarily suspended • Underground mining • CI L process plant Mapaw a Project, Philippines King of the Hills Gold Project, W A • Development opportunity • Underground mining Total JORC Resource I nventory 1 : 1 .1 Moz • Trucking and processing ore at Darlot Total JORC Resource I nventory 1 : 1 .3 Moz 1 See Competent Persons Statement on Slide 2 for further information regarding Resource and Reserve estimates 4

Consolidation and Grow th Strategy – W A  New Australian gold producer following successful acquisition of two projects in the prolific Yandal and Leonora greenstone belts:  Darlot Gold Mine – operating UG mine with 2.7Moz gold production history, 0.83Mtpa plant, extensive infrastructure (acquired from Gold Fields)  King of the Hills (KOTH) – UG mine with 1.9Moz gold production history, extensive infrastructure (acquired from Saracen Minerals)  Central processing hub at Darlot mill/ infrastructure  Recently upgraded JORC 2012 inventory of 895koz Resource and 131koz Ore Reserve at Darlot – underpins strong production outlook 2  Mining underway at King of the Hills, 80km south of Darlot – 402koz JORC Resource 3  Stage 1 Mine Plan : maximise Darlot mill throughput over next 3-4 years by processing ore from both Darlot and King of the Hills  Stage 2 Mine Plan : increase Reserves by undertaking near-mine, regional exploration and future consolidation Red 5 – W A Project Locations 2. Red 5 ASX release, Combined New Mineral Resource (JORC 2012) at Darlot, 21 December 2017 3. Saracen Minerals Resource and Reserve Statement, 2 August 2017 5

Grow th Potential – Against Peers Projects w ith processing option in Projects w ith no current place or close to com m issioning processing option ( average A$ 1 3 0 / oz) ( average A$ 6 0 / oz) Source: Share Prices from ASX 13 Feb 2018, company data from company releases up to 9 Feb 2018  Red 5’s JORC 2012 Resource inventory includes 1.3Moz in Australia and 1.1Moz in the Philippines Based on its Australian Resources alone, it is trading at an Enterprise Value of A$ 4 7 / Resource oz  Comparable peers with installed processing plants are trading at an Enterprise Value/ Resource oz in the range of A$ 1 0 9 -1 1 2 / oz  Comparable peers with no current processing option are at an Enterprise Value/ Resource oz in the range of A$39-44/ oz and require a significant capital outlay to move into production On this metric alone, Red 5 is undervalued on its Australian assets and even more so if Philippines’ Resources, including a fully operational processing plant, are included 6

Darlot – Mining and Operational Strategy  Acquisition completed 2 October 2017  Gold production of 17,777oz and gold sales of 16,150oz for Dec 2017 Quarter; AI SC A$1,291/ oz  Multiple working areas including higher grade CDA Oval workings (Centenary mine)  Key focus on mining areas in upper and mid-levels of the mine – previously identified to have been sterilised  Promising results to date from remnant mining in first three extensional areas  Marsh, Walters, Bradman  Flexible mining strategy to accommodate multiple underground ore bodies  “Right-sizing” mining equipment  Three new Volvo A45G articulated trucks mobilised under 36-month leasing arrangement – first significant New Volvo trucks being utilised at Darlot m ine site capital investment ($2.3M) in several years  Focus on cost reductions and improved efficiencies 7