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Mark Williams emphasises advantages of winding the clock back at King of the Hills. But there is no doubt Red 5’s managing director is counting down the days to the June 2022 ‘relaunch’ of the mine. “It will be here before we know it,” he said on a site visit ahead of the company locking down A$165 million of project finance and $800 million of new contracts that will make Leonora an even bigger Western Australia gold sector talking point over the next few years.
Looking south across Red 5's King of the Hills openpit from the north-east wall lookout.
Williams told Mining Journal debt talks were on track for Red 5 to meet its aim to have in place $226 million of funding for King of the Hills' 4 million tonnes per annum CIL plant and various site
Technical success at large-scale KOTH operations could underpin creation of regional hub
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