Regis Resources Limited · ASX:RRL
Regis Resources — Shareholder Meeting (November 2007)
15 slides from Regis Resources's shareholder meeting presentation, Nov 16, 2007
Slide 1: AGM Presentation November 2007
David Walker Managing Director AGM Presentation November 2007 16 November 2007 Annual General Meeting Forward-Looking Statements This presentation contains “forward-looking statements”. Such forward-looking statements may include, without limitation: ¾ Estimates of future results of exploration acti
Slide 2: Overview of Presentation / Regis History
Overview of Presentation “Developing the Duketon Gold Project” 16 November 2007 Annual General Meeting Regis History ¾ 1986 JWM formed ¾ Aug 04 Regis created through JWM restructure, new Board ¾ Mar 05 restructure of Duketon JV with Newmont ¾ Jun 05 exploration management of Duketon JV ¾ Jan 06 upgr
Slide 3: Capital Structure / Project Location – Western Australia
Capital Structure Ord 5c opt 10c opt 20c opt RRL RRLO RRLOB RRLOA 2014 2012 2012 Newmont 558 44% 16 Institutions 440 34% 60 10 Public 276 21% 22 17 17 Directors 13 1% 13 12 9 Total 1,287 95 39 26 • also 40m unlisted staff options • 1:10 consolidation planned 16 November 2007 Annual General Meeting
Slide 4: WA Properties – Gold and Nickel / Duketon Gold Project
WA Properties – Gold and Nickel ¾ The major landholding in the northern Duketon Belt ¾ Approx 700 granted mineral licences and applications ¾ In excess of 4,000 sq km of prospective ground ¾ Laverton Region – 20moz in production ¾ Gold – Duketon region ¾ Nickel – Collurabbie belt ¾ Copper Well JV (R
Slide 5: Moolart Well – Laterite Zone (to 20m)
Moolart Well Project – 4300mN (east) Looking North 16 November 2007 Annual General Meeting Moolart Well – Laterite Zone (to 20m) ¾ + Five kilometre mineralised zone ¾ Up to 1.5 km wide ¾ JORC indicated resource of 462,000 ozs (2007) ¾ Further 54,000 ozs of low grade ¾ Down to 20 m vertical depth onl
Slide 6: Moolart Well – Oxide and Sulphide Zones
Moolart Well – Oxide Zone (20-70m) ¾ 611,000oz in JORC Indicated + Inferred resource ¾ Further 178,000 ozs in low grade ¾ Down to 70m base of drilling only ¾ Most zones open along strike and all open at depth ¾ Significant high grade intersections >10 oz/t ¾ Average 30% gravity gold recovery ¾ Recov
Slide 7: Duketon Gold Resources / Pit Optimisation
Duketon Gold Resources Indicated Inferred Total Resources cut-off million grade gold million grade gold million grade gold grade tonnes g/t koz tonnes g/t koz tonnes g/t koz g/t source Moolart Well Laterite 10.3 1.39 462 10.3 1.39 462 0.5 Golder Oxide 4.8 1.44 224 11.0 1.10 387 15.8 1.20 611 0.5 Gol
Slide 8: Permitting / Site Plan
Permitting ¾ All 2.8 moz of resources now on granted Mining Leases ¾ No Native Title issues ¾ Environmental permitting process underway ¾ Statutory approvals to follow 16 November 2007 Annual General Meeting Site Plan ¾ Site layout completed ¾ Sterilisation and foundation drilling underway ¾ Airstri
Slide 9: Plant design / Project Engineering Progress
Plant design 16 November 2007 Annual General Meeting Project Engineering Progress Project Element % completion complete date Resources 75 May-08 Reserves and mining 60 May-08 Metallurgy 80 Mar-08 Infrastructure Feasibility Design 75 Mar-08 Water supply 30 Mar-08 Village 0 4Q08 Airstrip 0 3Q08 Permit
Slide 10: Duketon Gold Project - Milestones / Exploration Upside
Duketon Gold Project - Milestones Milestones Met since Aug 04: ¾ Aug 04 - restructure Regis, 20% project ownership ¾ Jun 05 - commence scoping/feasibility study ¾ Dec 05 - Moolart resource upgrade to 1moz from 458koz ¾ Feb 06 - move to 59% ownership ¾ Dec 06 - move to 100% ownership ¾ Apr 07 - Minin
Slide 11: Exploration Upside – Moolart Corridor / Collurabbie Nickel Province
Exploration Upside – 20km+ Moolart Corridor Moolart Well 16 November 2007 Annual General Meeting New Collurabbie Nickel Province ¾ Massive Ni sulphides at Olympia ¾ Numerous other nickel results ¾ Regis have 35 line kms of prospective strike, plus new areas ¾ Completed regional exploration coverage
Slide 12: Beltra Prospect / Sligo Prospects
Beltra Prospect ¾ Prospect located from regional geochemical drilling ¾ Poor TEM penetration ¾ 3m @ 2.02% Ni in AC1363 ¾ 6m @ 1.42% Ni in AC1325 ¾ 7m @ 1.46% Ni in AC1330 16 November 2007 Annual General Meeting Sligo Prospects ¾ Massive sulphide intersected in DD001 ¾ Extensive TEM and geochem anoma
Slide 13: Market Capitalisation and Share Price / Resource Growth
Market Capitalisation and Shareprice A$m Regis Resources NL cps Market Capitalisation and Share Price 200 20 180 18 160 16 140 14 120 12 100 10 80 8 60 6 40 4 20 2 0 0 Jul-04 Nov-04 Jul-05 Nov-05 Jul-06 Nov-06 Jul-07 Nov-07 Jan-04 Mar-04 May-04 Sep-04 Jan-05 Mar-05 May-05 Sep-05 Jan-06 Mar-06 May-06
Slide 14: Resource Ounce per Share / Market Cap per Resource Ounce
Shareholder Resource Equity oz/share x1000 Regis Resources NL Resource Ounce per Share 2.5 2.0 1.5 1.0 0.5 0.0 Nov-07 Aug-04 Jun-05 Jun-06 Jun-07 Total resources Measured and indicated resources 16 November 2007 Annual General Meeting Market Capitalisation - Sector A$/oz Regis Resources NL Moz Marke
Slide 15: Summary
Summary ¾ 2.8 moz in resource in eight deposits ¾ 1.5 moz at Moolart Well down to 70m ¾ Feasibility Study well underway ¾ Significant gold exploration upside at Moolart Well and in the Moolart Corridor ¾ Strong nickel potential at Collurabbie ¾ Stock undervalued relative to peers ¾ Shareholder value
Regis Resources — Shareholder Meeting (November 2007) on 6ix