Regis Resources Limited · ASX:RRL
Regis Resources — Q4 FY2017 Earnings Presentation
26 slides from Regis Resources's earnings presentation, Jul 21, 2017
Slide 1: Regis Resources June 2017 Quarterly Report & Exploration Update
1 1 REGIS RESOURCES LTD JUNE 2017 QUARTERLY REPORT & EXPLORATION UPDATE
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 operations. The contents of this presentation, including matters relating to the geology of Regis’
Slide 3: Review of FY2017 Q4 Operations
REVIEW OF FY2017 Q4 OPERATIONS 3 3 DUKETON CONTINUES TO DELIVER STRONG CASHFLOW Q4 Q3 OPERATIONS FY17 FY17 Q4 gold production 90,428 ounces Ore mined (Mbcm) 1.4 1.0 Run rate above FY16 and FY17 guidance of 300-330koz FY17 production 324,353 oz at top end of guidance Waste mined (Mbcm) 6.1 6.4
Slide 4: Duketon
3.5mt > ; 7.00 3.0mt 3.0mt 6.00 2.5mt 2.5mt 5.00 | 2.0mt 2.0mt 4.00 1.5mt 1.5mt + + 3.00 1.omt 1.0mt - + 2.00 o.smt | | 1.00 0.5mt © © ° © Ry ay A 4 oF oY oe oi SS S o S Ke a a SS SO e fot & Se e roti & ro mmm Tonnes mined Strip ratio (w:0) mmm Dry tonnes milled Head grade (g/t) 97.0% 100koz 4 1,200
Slide 5: FY2017 Q4 Operating Results
FY2017 Q4 OPERATING RESULTS 5 5 Duketon Northern Duketon Southern Operations Operations Total Q4 Q3 Q4 Q3 Q4 Q3 Ore mined (Mbcm ) 0.6 0.4 0.8 0.5 1.4 1.0 Waste mined (Mbcm) 1.4 1.9 4.7 4.4 6.1 6.4 Stripping ratio (w:o) 2.5 4.5 5.7 8.3 4.4 6.6 Ore mined (Mtonnes) 1.0 0.8 2.1 1.4 3.1 2.3 Ore milled (M
Slide 6: FY2017 Q4 Operating Results – Duketon Northern Operations
FY2017 Q4 OPERATING RESULTS 6 6 Duketon Northern Duketon Southern Operations Operations Total Q4 Q3 Q4 Q3 Q4 Q3 Ore mined (Mbcm ) 0.6 0.4 0.8 0.5 1.4 1.0 Waste mined (Mbcm) 1.4 1.9 4.7 4.4 6.1 6.4 Stripping ratio (w:o) 2.5 4.5 5.7 8.3 4.4 6.6 Ore mined (Mtonnes) 1.0 0.8 2.1 1.4 3.1 2.3 Ore milled (M
Slide 7: FY2017 Q4 Operating Results – Duketon Southern Operations
FY2017 Q4 OPERATING RESULTS 7 7 Duketon Northern Duketon Southern Operations Operations Total Q4 Q3 Q4 Q3 Q4 Q3 Ore mined (Mbcm ) 0.6 0.4 0.8 0.5 1.4 1.0 Waste mined (Mbcm) 1.4 1.9 4.7 4.4 6.1 6.4 Stripping ratio (w:o) 2.5 4.5 5.7 8.3 4.4 6.6 Ore mined (Mtonnes) 1.0 0.8 2.1 1.4 3.1 2.3 Ore milled (M
Slide 8: Cashflow Waterfall
8 CASHFLOW WATERFALL 8 $200.0m Cash & Gold on Hand - Q4 Movements $190.0m $74.2m $180.0m ($10.5m) $170.0m $160.0m ($15.1m) $4.3m $151.7m $150.0m ($5.7m) ($9.1m) ($0.9m) $140.0m $130.0m $120.0m $114.5m $110.0m $100.0m Strong cash-flow from operations of $74.2m (Q3: $57.8m) - cash build of $37m (Q3: $
Slide 9: Satellite Operations: Famous Blue Geology Commenced in FY17
SATELLITE OPERATIONS FAMOUS BLUE GEOLOGY 9 9 COMMENCED IN FY17 GLOSTER 26km west of Moolart Well Mining commenced Q1, milling Q2 Processed 536kt ore at 1.32g/t in Q4 Processed 1.13mt ore at 1.29g/t YTD Adds 3+ years of mill feed to MW Grade increases production & recovery ERLISTOUN 9km
Slide 10: Operations Outlook
10 OPERATIONS OUTLOOK 10 FY2018 GUIDANCE Gold production 335,000 – 365,000 ounces Cash costs $770 – $840 per ounce AISC $940 – $1,010 per ounce Growth Capex: $23m Majority of growth capital related to pre production mining of Baneygo and Tooheys Well satellite operations FY18 production
Slide 11: Exploration Update
11 EXPLORATION UPDATE 11 DUKETON - SIGNIFICANT RESULTS IN Q4 Completed 34,163m (Q3: 32,943m) of drilling on 8 gold projects Tooheys Well – 2.5km S of Garden Well Drilling culminates in 366koz Reserve Rosemont Underground Numerous +20gm over 500m strike Intercepts outside current reserves
Slide 12: Tooheys Well Gold Project
TOOHEYS WELL GOLD PROJECT 12 12 MAIDEN RESERVE REPLACES REGIS FY17 PRODUCTION Located only 2.5km south of GW Gold shear zones hosted by chert, shale and BIF Extensive drill-out in 2015 and 16 culminated in maiden resource July 16 Maiden Reserve quoted June 17: Tonnes Grade Gold (Mt) (g/t) (k
Slide 13: Rosemont South & Main Underground Opportunities
ROSEMONT SOUTH & MAIN 13 13 UNDERGROUND OPPORTUNITIES 3D long section from south east showing planned Rosemont South & Main drilling, phase 1 and 2 Phase 1 drill programmes underway at Rosemont South and below Rosemont Main Pit: Returning numerous high grade intercepts Drilling to continue in FY
Slide 14: Rosemont Main Pit Underground Project
ROSEMONT MAIN PIT 14 14 UNDERGROUND PROJECT POTENTIAL FOR UNDERGROUND MINING INVENTORY EXTENSION Testing high grade shoots 100-200m vertically below ultimate open pit design depth Holes drilled to date are encouraging for underground opportunities 44 holes for 10,993m of RC drilled in Q4 - exc
Slide 15: Rosemont Main Pit Underground Project: Drill Results in Q4
ROSEMONT MAIN PIT 1515 UNDERGROUND PROJECT DRILL RESULTS IN Q4 Gold hosted in a steeply east dipping 345° trending quartz-dolerite unit Gold mineralised quartz-dolerite unit is approx 80m wide. Q4 Results (all outside reserves): 10m @ 43.84g/t Au from 200m 7m @ 33.86g/t Au from 284m 4m @
Slide 16: Drill Outs Complete So Focus Returns to Regional Exploration
DRILL OUTS COMPLETE SO FOCUS 1616 RETURNS TO REGIONAL EXPLORATION NEXT 6 SIGNIFICANT SCALE REGIONAL TARGETS Post successful delivery of Maiden Reserve at Tooheys Well, focus has returned to generating next suite of regional exploration targets. 6 new regional targets generated from data review a
Slide 17: Regional Targets
REGIONAL TARGETS 17 17 Prospect Location Target Untested Planned Drilling Strike Camel Hump 32km S of GW Soil anomaly over prospective 2km 18 AC holes to 120m structure 1 line of holes No previous drilling Mt Varden 33km S of GW Soil anomaly over prospective 2.5km 66 AC holes to 120m str
Slide 18: Regional Targets
REGIONAL TARGETS 18 18 2km 2,000m 2.5km 8,000m Camel Hump Mt Varden strike Aircore strike Aircore
Slide 19: Regional Targets
REGIONAL TARGETS 19 19 Corktree North 1km 3,000m 2km 5,000m strike Cuthbert Bore Aircore strike Aircore
Slide 20: Regional Targets
REGIONAL TARGETS 20 20 2km 5,000m 2.5km 4,000m Steer Creek Speights strike Aircore strike Aircore
Slide 21: McPhillamys (NSW)
21 McPHILLAMYS (NSW) 21 Located Central-West NSW Well established gold mining district Cadia, Cowal, Northparkes+45Moz* Gold resource 2.2Moz - 100% Regis owned Infill Drilling Completed 44,000m of drilling completed over the last 9 months Reduce drill pattern to 50x25m (nominal) 66 h
Slide 22: McPhillamys (NSW): Pushing Towards Development
22 McPHILLAMYS (NSW) 22 PUSHING TOWARDS DEVELOPMENT Announced in July 2017 two alternative water supply options for the project: Option 1 – Water Supply from Mt Piper Power Station and Springvale Mine Non-binding heads of agreement for the supply and offtake of 4-5GLpa of water to support a 7Mtpa
Slide 23: McPhillamys (NSW): Expanding Resources and Footprint
23 McPHILLAMYS (NSW) 23 EXPANDING MCPHILLAMYS RESOURCES AND FOOTPRINT Completed acquisition of Blayney Gold Project for A$3.25m Tenement lies contiguous to the McPhillamys project licence and hosts two quoted Mineral Resource Estimates*: • Discovery Ridge: 13.84Mt at 1.1g/t for 501koz • Bald Hil
Slide 24: Recap of Presentation
RECAP OF PRESENTATION 24 24 Q4 gold production 90,428 ounces at AISC of A$870/oz Production 14% higher than Q3 (79,223oz) Production run rate above top of FY17 guidance Gloster & Erlistoun making contribution & will increase in coming quarters Takes FY17 production to 324,353 ounces, at up
Slide 25: JORC Compliant Ore Reserve Estimates March 2017
APPENDIX 1 JORC COMPLIANT 25 25 ORE RESERVE ESTIMATES 31 MARCH 2017 Group Ore Reserves as at 31 March 2017 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 2 Person3 (g/t) (Mt) (g/t) (koz) (Mt
Slide 26: JORC Compliant Mineral Resources March 2017
APPENDIX 2 26 26 JORC COMPLIANT MINERAL RESOURCES 31 MARCH 2017 Group Mineral Resources as at 31 March 2017 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 Gold Metal Project Ty