Macquarie backing ambitious Red 5

STRONGLY backed Red 5 has strengthened its balance sheet with a A$20 million facility to be provided by Macquarie as the company undertakes a big drill campaign and final feasibility work at the potential large scale King of the Hills gold project near Leonora.

Macquarie backing ambitious Red 5 Macquarie backing ambitious Red 5 Macquarie backing ambitious Red 5 Macquarie backing ambitious Red 5 Macquarie backing ambitious Red 5

Tens of thousands of metres to be drilled by Red 5

The drilling at KOTH is totalling 90,000m including 65,000m of infill drilling aimed at converting underground resources - 17.5 million tonnes grading 2 grams per tonne for 1.