Regis Resources Limited · ASX:RRL
Regis Resources — Euroz Securities Institutional Conference (March 2016)
33 slides from Regis Resources's conference presentation, Mar 15, 2016
Slide 1: Regis Resources Ltd Investor Presentation March 2016
For personal use only 1 1 REGIS RESOURCES LTD INVESTOR PRESENTATION MARCH 2016
Slide 2: Disclaimer & Competent Persons Statement
DISCLAIMER & COMPETENT PERSONS 22 STATEMENT This presentation contains only a brief overview of Regis Resources Limited and its associated entities (“Regis or RRL") and their respective activities and For personal use only operations. The contents of this presentation, including matters relating to
Slide 3: Corporate
3 CORPORATE 3 CAPITAL STRUCTURE For personal use only BOARD & MANAGEMENT Shares on issue 500m Mark Clark Executive Chairman & CEO Last price (11/3/16) $2.56 Paul Thomas Executive Director & COO Market capitalisation A$1.3b Mark Okeby Non Executive Director & Daily turnover (no. shares) 4.1m Deputy C
Slide 4: Cashflow Waterfall
4 CASHFLOW WATERFALL 4 For personal use only Cash & Gold on Hand - FY2016 YTD $200.0m $100.0m $180.0m $160.0m $140.0m ($30.0m) $120.0m ($20.3m) ($8.5m) $98.5m $100.0m ($8.5m) ($4.6m) ($2.7m) $80.0m $73.2m $60.0m $40.0m $20.0m - - - - - - - - Strong cash-flow from operations of $100m for H1 and cas
Slide 5: Cashflow Waterfall
5 CASHFLOW WATERFALL 5 For personal use only Business optimisations leading to trend of strong operating cash-flow and conversion to cash build
Slide 6: Review of 1H FY2016 Operations
REVIEW OF 1H FY2016 OPERATIONS For personal use only 6 6 PRODUCTION AT UPPER END OF GUIDANCE & DELIVERING STRONG CASHFLOW Q2 Q1 OPERATIONS Ore mined (Mbcm) 1.13 1.27 1H throughput of 10.3mtpa at a grade of 1.02g/t with recovery of 89.5%. Waste mined (Mbcm) 5.21 5.85 Stripping ratio (w:o) 4.61 4.62
Slide 7: FY2016 1H Operating Results
FY2016 1H OPERATING RESULTS For personal use only 7 7 Moolart Rosemont Garden Total Well Well Ore mined (bcm ) 701,766 623,072 1,073,638 2,398,476 Waste mined (bcm) 2,581,455 5,102,418 3,383,117 11,066,990 Stripping ratio (w:o) 3.7 8.2 3.2 3.2 Ore mined (tonnes) 1,435,355 1,431,208 2,755,946 5,622,5
Slide 8: Duketon Near Term Growth
DUKETON NEAR TERM GROWTH 8 8 MINE LIVES @ 31/3/15 For personal use only Project Mine Life Mill tpa Garden Well 7 years ≈ 5 MT Rosemont 6 years ≈ 2 MT Moolart Well 3 years ≈ 3 MT MINE LIFE EXTENSION OPPORTUNITIES Project Status Gloster Reserve completed, DFS pending Erlistoun Scheduling Baneygo Reser
Slide 9: Delivering Organic Growth
9 DELIVERING ORGANIC GROWTH 9 For personal use only Maiden Ore Reserves at Gloster and Baneygo have added 361,000 ounces to gold reserve at Duketon. The increase in Duketon gold reserves more than replaces expected 2016FY production. Projects within trucking distance to existing mills. Project
Slide 10: Acquisitions for Growth
10 ACQUISITIONS FOR GROWTH 10 For personal use only MOOLART WELL AREA 10km Mine life was 3 years at last reserve run in March 2015 Successful reserve replacement of production in recent years Moolart Well through oxides and satellites Recent strategic transactions to further bolster this operati
Slide 11: Gloster: Purchase to Reserve
11 GLOSTER FAMOUS BLUE GOLD GEOLOGY DEPOSIT 11 For personal use only PURCHASE TO RESERVE Felsic Volcanics M38/1268 Located 26km west of Moolart Well Purchased for $1.5m + royalty 1km Mining Licence granted in December 2015 177 RC holes drilled in the Dec15Q for 21,287m New Resource and Mai
Slide 12: Gloster: Resource Update and Maiden Reserve
12 GLOSTER FAMOUS BLUE GOLD GEOLOGY DEPOSIT 12 For personal use only RESOURCE UPDATE COMPLETE AND MAIDEN RESERVE ESTIMATED Maiden Ore Reserve at Gloster estimated at 7.0Mt at 1.00g/t Au for 226,000 ounces of gold* 0.5g/t cutoff oxide and transitional, 0.6g/t in fresh based on A$1400 gold price
Slide 13: Gloster: Moving Towards Production
13 GLOSTER FAMOUS BLUE GOLD GEOLOGY DEPOSIT 13 For personal use only MOVING TOWARDS PRODUCTION Mining at Gloster is expected to commence in the Sep 2016 quarter Simple low strip open cut mining and road haulage operation 70% of reserve within 80m of surface in the oxide Utilise Moolart team
Slide 14: Duketon Gold Exploration JV
DUKETON GOLD EXPLORATION JV For personal use only 1414 EXPLORING FOR MOOLART WELL Agreement with Duketon Mining 10km (ASX:DKM) to form DGEJV signed July 2015 Regis to spend $1m over 2 years to earn 75% on a decision Moolart Well to mine* 373km2 of gold prospective tenure mostly proximal to MW
Slide 15: Organic Growth Opportunities
ORGANIC GROWTH OPPORTUNITIES 15 15 ROSEMONT & GARDEN WELL AREAS For personal use only CURRENT PRIORITIES Rosemont-Baneygo shear Baneygo Idaho Garden Well-Reichelts shear Tooheys Well
Slide 16: Rosemont to Baneygo
16 ROSEMONT TO BANEYGO 16 For personal use only Rosemont REGIONAL SCALE OPPORTUNITY Rosemont to Baneygo trend 20km Quartz dolerite host rock at Rosemont continues to Baneygo and beyond to 22m @ 2.6g/t, f 22m the south Recent RC drilling north of Baneygo King John Garden Well turning up signifi
Slide 17: Baneygo Gold Project
BANEYGO GOLD PROJECT For personal use only 1717 MAIDEN RESERVE ESTIMATED Maiden Ore Reserve at Baneygo estimated at 3.6 million tonnes at 1.16g/t Au for 136,000 ounces of gold* 0.4g/t cutoff oxide and transitional, 0.5g/t in fresh based on A$1400 gold price Updated Resource* estimated in Decem
Slide 18: Baneygo: Moving Towards Production
18 BANEYGO FAMOUS BLUE GOLDGEOLOGY DEPOSIT 18 For personal use only MOVING TOWARDS PRODUCTION Mining of the Baneygo deposit will be scheduled with other satellite deposits On a granted mining lease Simple open cut mining and short road haul Similar geology and metallurgy as Rosemont Utilis
Slide 19: Idaho
IDAHO IDAHOSECTIONS SECTION 6909156mN 1919 December 2015 Results 69091050mN For personal use only 431250mE 431300mE IHRC092 431350mE IDAHO A NEW GOLD DEPOSIT 2.2km north of Baneygo No historical resource - new discovery 450mRL Gold hosted in quartz dolerite similar to Baneygo and Rosemont Re
Slide 20: Garden Well Corridor
GARDEN WELL CORRIDOR For personal use only 20 20 CURRENT PRIORITIES Tooheys Well and north to Garden Well 7 kms strike South of Tooheys Well
Slide 21: Tooheys Well Drill Results
TOOHEYS WELL DRILL RESULTS 21 21 BIF Shale For personal use only Chert A BOLT ON FOR GARDEN WELL 7m @ 3.45g/t Basalt Gold shear zones hosted by chert, 27m @ 1.78g/t shale and BIF 14m @ 2.10g/t Early shallow AC holes ineffective 16m @ 1.72g/t 32m @ 1.56g/t 14m @ 1.21g/t 2013 RC drilling returne
Slide 22: Tooheys Well Gold Prospect
TOOHEYS WELL GOLD PROSPECT 437700mE 22 22 437800mE 437900mE For personal use only CROSS SECTION 6909340mN 500mRL Steep E dipping high grade gold shear Chert BIF and shale host rocks 450mRL 450mRL Weathered 80-160m Top of Saprock Top of Fresh Rock 400mRL 400mRL Tooheys Well Gold Project Cross S
Slide 23: Tooheys Well Gold Prospect
TOOHEYS WELL GOLD PROSPECT For personal use only 2323 437800mE 43790mE 437700mE CROSS SECTION 6909220mN 500mRL RRLTWRC079 high grade intercept ended in gold Top of Saprock mineralisation 079 intercept is all in 450mRL 450mRL fresh rock suggesting high gold grades continue in fresh rock Zone of
Slide 24: Tooheys Well Gold Prospect
TOOHEYS WELL GOLD PROSPECT For personal use only 2424 437900mE 437800mE 437700mE CROSS SECTION 6909180mN 500mRL RRLTWRC065 high grade intercept ended in gold mineralisation Top of Saprock Lower part of 065 3 1.11 intercept is in fresh 450mRL 450mRL 1 0.72 rock. 1 0.54 1 0.68 Zone of gold miner
Slide 25: Tooheys Well Gold Prospect Long Section
TOOHEYS WELL GOLD PROSPECT 25 25 LONG SECTION LOOKING WEST For personal use only South North 100m South Plunging High Grade Shoot > 20gm Gold Mineralised zone
Slide 26: View from Tooheys Well: Outlook
VIEW FROM TOOHEYS WELL 2626 LOOKING NORTH For personal use only OUTLOOK Drilling to continue in 2016 Target gold mineralisation at depth in fresh rock zone Test north to Chert Ridge Test continuity of shear zones 600m to the south Beamish?
Slide 27: McPhillamys (NSW)
27 McPHILLAMYS (NSW) 27 For personal use only FOCUS ON KEY INFRASTRUCTURE BEFORE MOVE TO PFS 250km west of Sydney Gold resource 2.2Moz 100% Regis owned Conceptual studies show viable project Current focus on key infrastructure Will then move to PFS Well established gold mining district
Slide 28: Recap of Presentation
RECAP OF PRESENTATION 2828 FY2016 1H gold production 150,960 ounces at AISC of A$946/oz For personal use only • Production run rate at upper end of FY16 guidance 275-305koz • AISC below lower end of FY16 guidance of $970-1,070/oz Consistent production and cost performance at all operations Str
Slide 29: Appendices
APPENDICIES For personal use only 29 29 1. Table of JORC compliant resources and Reserves for Gloster and Baneygo 1 March 2016 2. Table of JORC compliant resources 31 March 2015 3. Table of JORC compliant reserves 31 March 2015 4. Breakdown of FY2016 production and cost guidance
Slide 30: Mineral Resource and Ore Reserve Estimates for Gloster and Baneygo
APPENDIX 1 JORC COMPLIANT MINERAL RESOURCE AND ORE 30 30 RESERVE ESTIMATES FOR GLOSTER AND BANEYGO 1 MARCH 2016 For personal use only Gloster and Baneygo Mineral Resource Estimates as at 1 March 2016 Gold Measured Indicated Inferred Total Resource Gold Gold Gold Gold Gold Gold Gold Gold Competent Cu
Slide 31: JORC Compliant Mineral Resources March 2015
APPENDIX 2 31 31 JORC COMPLIANT MINERAL RESOURCES 31 MARCH 2015 For personal use only Group Mineral Resources as at 31 March 2015 Gold Measured Indicated Inferred Total Resource Competent Cut-Off Tonnes Gold Grade Gold Metal Tonnes Gold Grade Gold Metal Tonnes Gold Grade Gold Metal Tonnes Gold Grade
Slide 32: JORC Compliant Ore Reserves March 2015
APPENDIX 3 32 32 JORC COMPLIANT ORE RESERVES 31 MARCH 2015 For personal use only Group Ore Reserves as at 31 March 2015 Gold Proved Probable Total Ore Reserve Competent Cut-Off Tonnes Gold Grade Gold Metal Tonnes Gold Grade Gold Metal Tonnes Gold Grade Gold Metal Project Type Person3 (g/t)2 (Mt) (g/
Slide 33: Production Guidance 2016
APPENDIX 4 33 33 PRODUCTION GUIDANCE 2016 For personal use only GUIDANCE Production: 275,000 – 305,000 ounces Cost: AISC A$970 – A$1,070/oz Expansion capital: A$15-20 million GUIDANCE MID-POINT STATISTICS* Moolart Well Rosemont Garden Well Total MID POINT SUMMARY Ore mined (Mbcm ) 1.5 1.0 2.2 4.7
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