Regis Resources Limited · ASX:RRL

Regis Resources — Investor Presentation (November 2010)

35 slides from Regis Resources's investor presentation, Nov 9, 2010

  1. Slide 1: Building a quality gold business

    For personal use only Building a quality gold business Mark Clark Managing Director November 2010

  2. Slide 2: Disclaimer

    This presentation contains only a brief overview of Regis Resources Limited and its associated entities For personal use only (“Regis or RRL") and their respective activities and operations. The contents of this presentation, including matters relating to the geology of Regis’ projects, may rely on

  3. Slide 3: Ore reserves

    For personal use only Proven Probable Total Cut‐ off Project million grade gold million grade gold million grade gold Grade tonnes g/t koz tonnes g/t koz tonnes g/t koz g/t Moolart Well Laterite 9.5 1.44 437 0.6 0.98 19 10.1 1.41 455 0.50 Oxide 1.2 1.85 71 1.2 2.02 77 2.4 1.94 148 0.50 Total Moolart

  4. Slide 4: Mineral resources

    For personal use only Measured Indicated Inferred Total Resources Cut‐ off Project million grade gold million grade gold million grade gold million grade gold Grade tonnes g/t koz tonnes g/t koz tonnes g/t koz tonnes g/t koz g/t Moolart Well Laterite 9.8 1.45 459 1.0 0.90 29 0.3 0.88 8 11.1 1.39 496

  5. Slide 5: Board and management

    For personal use only  Mark Clark Managing Director  Nick Giorgetta Chairman  Morgan Hart Operations Director Appointed to RRL board by shareholders in May 2009 All previously exec directors of Equigold NL  Ross Kestel Non Exec  Mark Okeby Non Exec 5

  6. Slide 6: Corporate snapshot

    1.8 8 For personal use only 1.6 7 1.4 ASX Code RRL 6 Share price ($/share) Daily Volume (Millions) 1.2 5 1 FP shares on issue 429m 0.8 4 3 0.6 Listed options 16m 0.4 2 (RRLO, RRLOA, RRLOB) 0.2 1 Unlisted options 16m 0 0 Share price $1.77 Range (1yr) $0.48‐$1.78 Monthly volume (shares) 24m Major shar

  7. Slide 7: For personal use only

    For personal use only 7

  8. Slide 8: Duketon Gold Project overview

    For personal use only  350 km north – north east of Kalgoorlie  387 granted leases  2,030 km2 of ground  Significant gold resources  Reserves at Moolart Well & Erlistoun  Garden Well discovery 8

  9. Slide 9: Total reserve growth pending

    For personal use only Total Reserve growth pending MT g/t Koz  Garden Well Moolart Well  Dec 10 – maiden reserve  Moolart Well oxides - Laterites 10.1 1.41 456  Resource conversion drilling - Oxide 2.4 1.94 148  Pit re‐optimisation MW Total 12.5 1.50 604  Satellite resources Erlistoun 2.0 2.41

  10. Slide 10: Moolart Well Gold Mine

    at * : . . Moolatt Well Gold Mine Rey = a) Se Wey Ke

  11. Slide 11: Moolart Well geology

    For personal use only  Transported cover of approx 5m.  Laterite ore zone averages 4m (max 20m).  Oxide mineralisation from base of laterite to base of oxidation (averages 70m). 11

  12. Slide 12: 92% of resource converts to reserve

    For personal use only 92% of resource converts to reserve 12

  13. Slide 13: Life of Mine forecasts – starter project

    For personal use only Life of Mine forecasts – starter project Ore tonnes 12.4 MT Grade 1.51 g/t Recovery 92% Gold produced 555,136 oz Open pit mining – truck & shovel Primary crushing, SAG mill & CIL plant. Mill throughput 2.0Mtpa Mine life > 6 years Average production 90koz pa Max production 109ko

  14. Slide 14: Operating costs – LOM forecast

    For personal use only Operating costs – LOM forecast A$/oz • Current cost of diesel, Mining 244 cyanide & mill balls < DFS Milling 211 • $123m tax losses Lab & admin 40 Cash costs 495 Rehab 5 Royalties 62 Total opex 562 14

  15. Slide 15: Status

    For personal use only Status  Construction & commissioning completed on budget  $67m construction cost v budget of $73m  Transitioning to full operations & optimising process  Throughput up to 2.2MTpa (design +10%)  Potential to further increase throughput with optimising  Process water and or

  16. Slide 16: Erlistoun

    For personal use only Resource 270koz. 2.22MT at 3.85g/t Maiden reserve (Jan 10) 2.0MT at 2.41g/t – 158koz Cash costs A$698/oz On basis truck to Moolart Well ‐ 45km 7km from Garden Well Will be processed at Garden Well Re‐optimisation of reserve pending – upgrade likely 16

  17. Slide 17: For personal use only

    For personal use only 17

  18. Slide 18: Debt and hedging

    For personal use only Debt  A$45m debt facility  Lightly covenanted & competitive terms  Drawn to A$29m  First repayment of A$10m due 30 Jun 11 Hedging  181koz of hedging  143koz at A$1,340/oz – 12koz/qtr 2010 – 2013  38koz at A$1,382/oz – spot deferred 18

  19. Slide 19: For personal use only

    For personal use only 19

  20. Slide 20: Goal, strategy and delivery

    For personal use only Goal  Build reserves to +2 million ounces in 12 months Strategy  Infill drilling and reserve study at Garden Well  Moolart Well oxides  Resource conversion drilling  Optimisation of current reserves  Prioritise and drill satellite resources  Drill new prospects & regiona

  21. Slide 21: Satellite deposits

    For personal use only 9 deposits in DGP All on granted mining leases Incremental reserve ounces likely 21

  22. Slide 22: Satellite deposit reserve conversion

    For personal use only Current reserve 148koz 17% of resource converts to reserve Only 1km of 5km strike drilled 35% of resource in drilled area converts to reserve Further drilling required Incremental reserve ounces likely 22

  23. Slide 23: Garden Well Discovery

    my Garden Well Discovery

  24. Slide 24: Laterite grade map

    For personal use only Village Tailings Mill Site Laterite Grade >16 gm Au 8 – 16 gm Au 4 – 8 gm Au 2 – 4 gm Au 1 – 2 gm Au 24

  25. Slide 25: Gold in soil anomalies at Moolart Well

    For personal use only Moolart Well Gold in soil anomalies sit at the margin of the tertiary palaeochannel Regional application 25

  26. Slide 26: Soil anomaly 35km south of Moolart Well

    For personal use only 35km south of Moolart Well 3 – 25 ppb gold in soil anomaly on edge of palaeochannel Discovery holes at end of traverse 26

  27. Slide 27: Drilling status – Oct 2010

    For personal use only Drilling Status – Oct 2010 371 aircore holes drilled 108 RC holes drilled 8 diamond holes drilled 60,000+ metres drilled Significant results over 1,040m of strike. Mineralistion confirmed to depth of approx 180 metres and still open 27

  28. Slide 28: Garden Well drill intersections

    Hole From (m) To (m) Intersection Grade (g/t) For personal use only (m) GDAC038 60 110 50 2.36 GDAC037 41 92 51 2.78 GDAC036 65 109 44 3.65 GDAC032 71 104 33 3.17 GDAC031 44 64 20 2.90 GDAC024 40 82 42 2.02 GDAC022 32 51 19 3.99 GDAC002 51 124 73 3.61 GDAC005 42 111 69 4.26 GDAC014 46 50 4 20.90 GDA

  29. Slide 29: Garden Well cross section

    For personal use only 500mRL Saprolite 450mRL and Saprock 400mRL Ultramafic Sediment Garden Well 6913000mN 436650mE Open 436750mE 350mRL 2.78 / 44 Gold g/t / Metres 50 metres Ultramafic & Gold Mineralised zones Sediment

  30. Slide 30: Garden Well Prospect

    Garden Well Prospect RC drilling - 480m south of discovery line 50 metres <-> Garden Well 6912520mN 4.2616 Gold g/t / Metres C) Gold Mineralised zone 1 J ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ih E} [oF 0: or oO: oO! vi

  31. Slide 31: Garden Well maiden resource

    For personal use only  Maiden resource (Oct 10) » 20Mt at 1.92g/t for 1.2Moz  Updated resource pending – infill & extension driiling  Expect strong conversion to reserve  Mineralisation confirmed to depth of approx 180m  Open at depth and to south  Stand alone operation – fund from cash‐flow 3

  32. Slide 32: Garden Well feasibility and development

    For personal use only  Feasibility & development work underway  Mining leases granted  Metallurgical testing complete – excellent results  Recoveries > 95% in 24hr at course grind of 150µm  High gravity gold recovery >54%  Low abrasion index 0.057 Ai (g)  Low‐medium bond work index 13.6 kWh/t

  33. Slide 33: Reserve growth pipeline

    For personal use only 2.5 0.15 2 0.15 Ounces (Millions) 1 1.5 1 0.8 1 0.158 0.158 0.158 0.158 0.5 0.8 0.9 0.604 0.604 0.442 0 2008 2009 2010 2011 2012 Moolart Well Erlistoun Garden Well Satellites  Reserve growth pipeline  Not reliant on discovery or acquisition 33

  34. Slide 34: Production growth to 2013

    For personal use only 300,000 2013 + 7 years 250,000 Production (ounces) 200,000 150,000 100,000 50,000 0 2011 2012 2013 2014  +250koz pa production by 2012/13 34

  35. Slide 35: Summary

    For personal use only  Moolart Well Gold Mine  In production ≈ 100koz pa  Low technical risk  Strong cashflows  Garden Well project  Resource 1.2Moz and growing – maiden reserve pending  Stand alone operation – target production Sept 12 qtr  140 – 150koz pa  Pipeline to +2Moz oz reserve & 2

Regis Resources — Investor Presentation (November 2010) on 6ix