Red 5 jumps on positive drilling results at Western Australia gold mine

Vault Minerals

08/08/2023 06:05

** Shares of Red 5 Ltd  RED.AX  rise as much as 8.6% to
A$0.19, set for best day since April 14, if gains hold
    ** The gold producer announces positive underground diamond
drilling results at its King of the Hills (KOTH) gold mine in
Western Australia
    ** Says results indicate potential to deliver mine life
extensions at KOTH underground mine
    ** Says further underground drilling is planned in FY24
    ** Stock has fallen 14.6% this year as of last close

($1 = 1.5286 Australian dollars)

 (Reporting by Adwitiya Srivastava in Bengaluru)
 ((Adwitiya.Srivastava@thomsonreuters.com;))