Regis Resources Limited · ASX:RRL
Regis Resources — Shareholder Meeting (November 2010)
43 slides from Regis Resources's shareholder meeting presentation, Nov 26, 2010
Slide 1: Building a quality gold business – Annual General Meeting
For personal use only Building a quality gold business Annuall G A Generall M Meeting i 26 November 2010
Slide 2: Disclaimer
For personal use only This presentation contains only a brief overview of Regis Resources Limited and its associated entities (“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
Slide 3: Year highlights
For personal use only Reduced R d dM Moolart l tW Wellll fforecastt capex to t $73m $ Settled contingent liabilities to Newmont Raised R i d $50m equity i Negotiated $50m loan facility Delivered project in 10 months at $67m Commenced operations at Moolart Well Major discovery at Garden
Slide 4: Year in review: gold price, share price and market cap
For personal use only 2009 2010 Gold G ld price (USD) ( S ) $1,177 $1,370 +16% 6% Gold price (AUD) $1,297 $1,399 +8% ASX All Ords 4,597 4,680 +2% ASX Gold G ld Index I d 6 6,159 7,775 +26% 6% RRL Share Price $0.58 $0 58 $1.82 $1 82 +214% RRL Market Cap $206m $784m +281% RRL added to AS
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Slide 6: Moolart Well location
For personal use only Located 350km north‐ north east of Kalgoorlie 100% Regis owned 6
Slide 7: Project snapshot: ground, resources and reserves
For personal use only 387 granted leases 2,030km , 3 2 of g ground 4.8 Moz resources1 0 0.76Moz ese es1 76 o reserves Note 1 – full breakdown of these reserves and resources in accordance with JORC is set out in Appendix 1 & 2 to this presentation 7
Slide 8: Total reserve growth pending
For personal use only Total Reserve g growth p pending g MT g/t Koz Garden Well Moolart Well Dec 10 – maiden reserve Moolart Well oxides - Laterites 10.1 1.41 455 Resource conversion drilling g - Oxide O id 24 2.4 1 94 1.94 148 Pit re‐optimisation MW Total 12.5 1.50 603 Satellite resourc
Slide 9: Moolart Well map
ine = 5S @) 7G) @w = J. r 2: Moola
Slide 10: Moolart Well geology
For personal use only Transported cover of approx 5m. Laterite ore zone averages 4m (max 20m). 20m) Oxide mineralisation from base of laterite to base of oxidation (averages 70m). 10
Slide 11: Mining
For personal use only Mining g Only laterites to date 3 starter pits 500k tonnes at 1.4 g/t 5% of laterite reserve 4% of total reserve
Slide 12: Operations and costs – LOM forecast
For personal use only Operations – LOM forecast Costs – LOM forecast Open pit mining – truck & shovel A$/oz Primary crushing, SAG mill & CIL Mining 244 plant. Milling 211 Labb & admin d 40 Mill throughput 2.0Mtpa Cash costs 495 Mine life > 6 yyears Rehab 5 Average production 90koz pa Royalties 62 Ma
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Slide 17: 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 g p upp to 2.2MTpa p (design g +10%) Potential to further increase throughput with optimising Process wat
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Slide 19: Debt and hedging
For personal use only Debt A$45m debt facility Lightly covenanted & competitive terms Drawn to A$29m First repayment repa ment of A$10m A$ 0m due d e 30 Jun J n 11 Hedging 181koz of hedging 143koz at A$1,340/oz – 12koz/qtr 2010 – 2013 38koz at A$1,382/oz – spot deferred 19
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Slide 21: Goal, strategy and delivery
For personal use only Goal Build reserves to +2.4 million ounces in 12 months Strategy Infill I fill d drilling illi and d reserve study t d att Garden G d Well W ll Moolart Well oxides Resource conversion drilling Optimisation of current reserves Prioritise and drill satellite resources
Slide 22: Regional satellite deposits
For personal use only 7 regional satellite deposits (excluding MW, GW and Erlistoun) Resources of 1.1Moz1 None more than 15km away from either MW or GW All on granted mining leases Drill outs and reserve studies planned I Incrementalt l reserve ounces likely Note 1 – full breakdown of these resource
Slide 23: Moolart Well resource conversion drilling
For personal use only Current resource of 577koz1 Blenheim Aug ‐ Nov 2010. Current reserve 148koz1 53 holes for 22m 6,760m MWRC519: Au from 80m @ 3.2g/t 26% conversion to reserve Mosquito Nov 2010. Only 1km of 5km strike drilled 16 holes for 1,700m 56% of resource in drilled area converts to reserve
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Slide 25: Garden Well drilling status
For personal use only Drilling Status – Oct 2010 Discovery hole Nov 09 416 aircore holes drilled 146 RC holes drilled 13 diamond holes drilled 770,000+ , metres drilled Significant results over 1,040m of strike. Mineralistion confirmed to depth of approx 180 metres and still open 25
Slide 26: Garden Well drill intersections
For personal use only Hole From (m) To (m) Intersection Grade (g/t) (m) GDAC038 60 110 50 2.36 GDAC037 41 92 51 2 78 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 20.9
Slide 27: Garden Well cross section
For personal use only 500mRL Saprolite 450mRL and Saprock 400mRL Ultramafic Sediment Garden Well 6913000mN mE Open 436750mE E 436650m 350mRL 2.78 / 44 Gold g/t / Metres 50 metres Ultramafic & Gold Mineralised zones Sediment
Slide 28: Garden Well RC drilling south of discovery line
Garden Well Prospect REGIS RESOURCES LTD RC drilling - 480m south of discovery line 50 metres > Garden Well 6912520mN 4.2616 Gold g/t / Metres C) Gold Mineralised zone 1 { I H t 1 t H ' 1 H 1 1 1 H 1 H ; ith = is} ren oll io ©! Ti
Slide 29: Garden Well maiden resource
For personal use only Maiden resource (Oct 10) » 20Mt at 1.92g/t for 1.2Moz1 94% of resource shallower than 180m Updated resource pending – infill & extension driiling Expect strong conversion to reserve Open at depth and to south Stand alone operation – fund from cash‐flow cash flow Not
Slide 30: Garden Well mineralisation open at depth and south
For personal use only Mineralisation open p at depth & south Diamond drill assays pending Open at RC drill assays y Depth pending in south Open to Gram metre p plot = South intersection metres x grade 30
Slide 31: Garden Well development path
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 L di b bondd workk iindex
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Slide 33: Moolart Well gold in soil anomalies
For personal use only Moolart Well Gold in soil anomalies sit at the margin of the tertiary palaeochannel Regional application 33
Slide 34: Garden Well soil anomaly
For personal use only Garden Well 30km south of Moolart Well 3 – 25 ppb gold in soil anomaly on edge of palaeochannel Discovery holes at end of traverse 34
Slide 35: Regional exploration targets
Moolart Well Tertiary palaeochannel paPalaeochannel Regis Tenure 3 ‐ 7ppb Au Lag Soil 8 ‐ 24ppb Au Anchor 25 ‐ 75 ppb Au For personal use only > 75 ppb Au 30km long gold bearing Dogbolter structure t t between b t Moolart M l t Well & Garden Well Gold Numerous target areas where Targets structure is
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Slide 37: Reserve growth pipeline
For personal use only 2.5 0.15 2 0.155 nces (Millions) 1 1.5 1 0.8 1 0.158 0.158 0.158 0.158 05 0.5 Oun 0.9 0.8 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 37
Slide 38: Production growth forecast
For personal use only 300,000 2013 + 7 years 250,000 unces) 200,000 uction (ou 150,000 Produ 100,000 50,000 0 2011 2012 2013 2014 +250koz pa production by 2012/13 38
Slide 39: Production vs Australian producers FY2012
For personal use only 300,000 1.37moz NCM 250,000 ounces) 200,000 oduction (o 150,000 110,000 oz Regis Gold pro 100,000 50,000 ‐ Source of 2009/10 production stats – Surbiton Assoc Quarterly Review Regis production is a forecast for FY2012 39 Note 1 – Australian production of overseas domiciled comp
Slide 40: Production vs Australian producers FY2013
For personal use only 300,000 1.37moz NCM 250,000 oz Regis 250,000 ounces) 200,000 , oduction (o 150,000 Gold pro 100,000 50,000 ‐ Source of 2009/10 production stats – Surbiton Assoc Quarterly Review Regis production is a forecast for FY2013 40 Note 1 – Australian production of overseas domiciled co
Slide 41: Appendix
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Slide 42: Appendix 1 – JORC reserves
For personal use only Proven Probable Total Cut‐ off Project grade gold grade gold grade gold MT MT MT Grade g/t koz g/t koz 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 Well 10.7 1.48 508 1.8 1.66 96 12.5
Slide 43: Appendix 2 – JORC resources
Measured Indicated Inferred Total Resources For personal use only Cut‐off Project gold gold gold gold Grade MT g/t MT g/t MT g/t MT g/t koz koz koz 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 0.50 Oxide 1.2 1.85 71 3.9 1.52 192 6.7 1.45 314 11.9 1.51 577 0.80 Sulp
Regis Resources — Shareholder Meeting (November 2010) on 6ix