For a slot only 5mm wide, I'd not do any cutting.
I'd do it all with a drill.
Drill a series of small pilot holes in a line, then enlarge them with increasing drill sizes till you are using a drill just a shade under the final width.
As the holes come close to joining, a bit of gentle tilting of the drill will join the holes.
Gently gently so as not to snap the bit, which is not designed for sideways forces.
Then a file to tidy up.