Regis Resources Limited · ASX:RRL
Regis Resources — BMO Conference 2021
24 slides from Regis Resources's conference presentation, Mar 5, 2021
Slide 1: BMO Conference 1-5 March 2021
BMO Conference 1-5 March 2021 JIM BEYER – MD & CEO
Slide 2: Cautionary Statement
2 CAUTIONARY STATEMENT This presentation contains only a brief overview of Regis Resources Limited and its The Company confirms that it is not aware of any new information or data that materially associated entities (“Regis or RRL") and their respective activities and operations. The affects the inf
Slide 3: Corporate Overview
3 CORPORATE OVERVIEW CAPITAL STRUCTURE 12 MONTH SHARE PRICE PERFORMANCE ASX Code RRL 25 7.00 Issued capital1 512m shares 6.00 20 Market capitalisation2 A$1.6b 5.00 15 Millions Cash and gold on hand3 A$220m 4.00 $AUD 3.00 Borrowings3 Nil 10 2.00 Resources4 7.7Moz 5 1.00 Reserves4 3.6Moz 0 0.00 Volume
Slide 4: Consistency & Growth
4 CONSISTENCY & GROWTH Transparent Sustainability Reporting Strong Financial Position Consistent Dividend Payer Low Cost Producer MOOLART WELL 2.5Mtpa Consistent and Reliable Performance McPHILLAMYS PROJECT 2 Moz Ore Reserve Potential ~200 Kozpa Au GARDEN WELL Internally Driven Value Growth Profile
Slide 5: Transparent Sustainability and ESG Reporting
5 TRANSPARENT SUSTAINABILITY AND ESG REPORTING Aligning to UN Sustainable Development Goals Safety & Environmental Health Stewardship Supply Chain Shared Values Risk with Host Management Communities Employment + Workforce Management Corporate Conduct Indigenous Opportunities + Respect for Culture Ou
Slide 6: COVID-19 Risk Management
6 COVID-19 RISK MANAGEMENT Health & Safety of our workforce of primary concern • Primary objective to protect the health and wellbeing of Regis employees, contractors, their families and the communities in which we operate • Health screening for all persons entering the operations • Extended rosters
Slide 7: People – The Foundation of Our Success
7 PEOPLE – THE FOUNDATION OF OUR SUCCESS Total 950 people – 338 employees & 612 contractors Lost Time Injury Frequency Rate 6.0 5.0 4.0 3.0 2.0 1.0 0.0 Renewed focus on safety performance and training Pockets of excellence but overall outcomes still inconsistent Risk management process upgrade impro
Slide 8: Highlights
8 HIGHLIGHTS Strong Net Profit EBITDA A$85M A$199m up 7% Net Profit Margin +21% EBITDA Margin 50% Interim Dividend Cash flow from Cash & Bullion 4c per share operating activities A$220m* Grossed up H1 yield A$148m No debt of 1.7%** Approved Garden Well Underground Project * Includes bullion on hand
Slide 9: Looking Forward – This Year
9 LOOKING FORWARD – THIS YEAR Production rate is planned to lift in the second half of the year FY21 CURRENT GUIDANCE Gold Production 355,000 - 380,000 ounces C1 Cash Costs including royalties A$1,030 - 1,090 per ounce All in Sustaining Cost A$1,230 - 1,300 per ounce Growth Capital A$60 – 70 million
Slide 10: Three Key Elements of Internal Value Growth
10 THREE KEY ELEMENTS OF INTERNAL VALUE GROWTH Increasing Business Value Exploration & Optimisation Life Extension Growth McPhillamys Gold Project Step Change Growth Underground Contribution Incremental Growth Moolart Well Garden Well Rosemont Time
Slide 11: Three Key Elements of Internal Value Growth
11 THREE KEY ELEMENTS OF INTERNAL VALUE GROWTH Internal Growth from Underground Operations Increasing Business Value Potential Incremental Additions at Duketon Garden Well Underground - approved Rosemont Underground Extension Gloster Underground Underground Contribution Incremental Growth Potential
Slide 12: Incremental Growth from Underground
12 INCREMENTAL GROWTH FROM UNDERGROUND Value created with high grade UG ore displacing lower grade OP ore GARDEN WELL UG PROJECT APPROVED AND UNDERWAY Physicals Material mined 1.85Mt Diluted mine gold grade 3.2g/t In situ Au mined 190Koz Mill recovery 93% Au produced 176Koz Capital cost Preproductio
Slide 13: Incremental Growth from Underground
13 INCREMENTAL GROWTH FROM UNDERGROUND MORE PROJECTS IN THE EVALUATION PIPELINE
Slide 14: Three Key Elements of Internal Value Growth
14 THREE KEY ELEMENTS OF INTERNAL VALUE GROWTH Internal Growth from McPhillamys Gold Project Increasing Business Value Potential Incremental Additions at Duketon Garden Well Underground McPhillamys Gold Project Rosemont Underground Extension Step Change Growth Gloster Underground Underground Contrib
Slide 15: McPhillamys – Approvals Approaching Final Stage
15 MCPHILLAMYS – APPROVALS APPROACHING FINAL STAGE MINERAL RESOURCE 2.29 Moz Au ORE RESERVE 2.02 Moz Au PRODUCTION Up to ~200 Kozpa Au SATELLITE PROJECT Discovery Ridge - 390koz Au Resource PRE-FEASIBILITY STUDY PHYSICALS1 Ore milled (Million tonnes) 60.1 Grade (g/t) 1.05 Recovery (%) 85 LOM gold pr
Slide 16: Three Key Elements of Internal Value Growth
16 THREE KEY ELEMENTS OF INTERNAL VALUE GROWTH Internal Growth from Exploration & Project Optimisation Increasing Business Value Exploration & Optimisation Potential Incremental Additions at Duketon Life Extension Growth Garden Well Underground McPhillamys Gold Project Rosemont Underground Extension
Slide 17: Ben Hur Acquisition Adds Mine Life
17 BEN HUR ACQUISTION ADDS MINE LIFE MINERAL RESOURCE 5.8Mt @ 1.6 g/t Au 6,883,7050N for 290 Koz Au POTENTIAL • 2km long mineralised system open along strike and to depth • Infill drilling confirming existing mineralisation • Extensional drilling growing the mineralised envelope
Slide 18: Moolart Well Optimisation
18 MOOLART WELL OPTIMISATION Conversion of low-grade resources into reserves • Conceptual work begun on the opportunities which may exist to extend the operating life if higher gold prices are used for Ore Reserve • Significant low-grade, oxide resources could potentially be exploited and extend the
Slide 19: Accelerating Discovery at Duketon
19 ACCELERATING DISCOVERY AT DUKETON Exploration budget increased Central to A$28m for FY21 Zone Greenfields exploration Matts Bore MOOLART WELL portion now A$23.5m versus Betelgeuse A$5-7m per year historically Risden Well Accelerated exploration on ROSEMONT Campervan Ben Hur OP and high-grade UG G
Slide 20: Three Key Elements of Internal Value Growth
20 THREE KEY ELEMENTS OF INTERNAL VALUE GROWTH Increasing Business Value Exploration & Optimisation Life Extension Growth McPhillamys Gold Project Step Change Growth Underground Contribution Incremental Growth Moolart Well Garden Well Rosemont Time
Slide 21: Consistency & Growth
21 CONSISTENCY & GROWTH Transparent Sustainability Reporting Strong Financial Position Consistent Dividend Payer Low Cost Producer MOOLART WELL 2.5Mtpa Consistent and Reliable Performance McPHILLAMYS PROJECT 2Moz Ore Reserve Potential ~200 Kozpa Au GARDEN WELL Internally Driven Value Growth Profile
Slide 22: Further information: Jim Beyer
Further information: Jim Beyer | Managing Director & CEO + 61 8 9442 2200
Slide 23: Summary of FY2021 Half Year
SUMMARY OF FY2021 HALF YEAR Operations Net profit after tax of $84.8 million (FY20 H1: $93.4 million) Half year interim dividend for FY2021 of 4 cents per share EBITDA of $198.6 million with strong EBITDA margin of 50% Half Year end Cash and bullion of $220.0 million* Strong operational performance
Slide 24: Incremental Growth from Underground
INCREMENTAL GROWTH FROM UNDERGROUND Value created with high grade UG ore displacing lower grade OP ore