Regis Resources Limited · ASX:RRL
Regis Resources — Investor Presentation (December 2024)
33 slides from Regis Resources's investor presentation, December 2024
Slide 1: Corporate Presentation
Corporate Presentation December 2024 ASX : RRL
Slide 2: Cautionary statement
Cautionary statement This presentation contains only a brief overview of Regis Resources Limited and its associated entities (“Regis or The Company confirms that it is not aware of any new information or data that materially affects the information included RRL”) and their respective activities and
Slide 3: Production Target Exploration Targets (cont.)
Production Target Exploration Targets (cont.) Relevant Proportions Underpinning the Production Target Exploration Target at Rosemont (noted on Slide 13) is extracted from ASX release “Development Approval For Two Regis has outlined a consolidated gold Production Target of between 100koz and 120koz f
Slide 4: We Are An Unhedged Producer With Long Life Assets
We Are An Unhedged Producer With Long Life Assets Strong platform in a Tier 1 location Darwin Duketon ~6 years • FY24 production: 290koz NT 2.7 Moz Resource • FY24 AISC: $2,328 McPhillamys • FY24 drilling: 152km QLD • Section 10 Declared. • Mineral Resources1: 2.5Moz Project re-set underway WA • Ore
Slide 5: Corporate Snapshot
Corporate Snapshot Board Key Management Capital Structure1 Shares on Issue: ~755M Register Composition2 Asia 3% Rest of World 1% Non-Executive Chair Chief Operating Officer UK 6% James Mactier Michael Holmes Share price: $2.52 Europe (ex UK) 11% Market Capitalisation: ~$1.9B Australia Managing Direc
Slide 6: FY24. Delivering - Safely And Responsibly
FY24. Delivering - Safely And Responsibly In FY24 we delivered meaningful ESG outcomes ‘ FY24 YTD LTIFR Female Representation Safe Work Culture 0.00 22%: Employees L a u n c h ed S a f e 2 S ay 33%: Board Land Rehabilitation Renewable Energy Building Capacity 203 Ha up 400% 9MW: Duketon WTA: Mantjin
Slide 7: FY24. Delivering - Safely And Responsibly
FY24. Delivering - Safely And Responsibly We delivered on our strategic objectives, including strong profitability and cash generation • Hit FY24 production and AISC guidance – Record cash and bullion $295M1 despite severe wet weather events • Grew underground Reserves for a 3rd Record operating cas
Slide 8: Delivering Consistency in Cash and Bullion Build
Delivering Consistency in Cash and Bullion Build Regis is net cash and bullion positive. Solid fundamentals are delivering into record gold prices. +$85M Delivering $225M cash since Dec 2023 Hedge buyout $380M +$109M1 $295M +$31M $186M $155M Dec-23 Mar-24 Jun-24 Sep-24 8 1. Includes $20M a non-recur
Slide 9: Our Strategic Delivery
Our Strategic Delivery 9
Slide 10: The Future Of Our Current Producing Assets
The Future Of Our Current Producing Assets A business with scale and multiple organic growth options We continue to focus on producing sustainable and profitable ounces from our current assets Sustainable delivery FY25 to FY27 into FY28 • Ramp up third underground mine (Garden Well Main) Duketon • G
Slide 11: Duketon
Duketon Duketon Infrastructure: Moolart Well 2.5Mtpa (C&M) • A dominant ~3,000km2 land package. • 7.5Mtpa of mill capacity at Duketon South. An additional 2.5Mtpa of mill capacity (Care and Maintenance) in Duketon North. 100km • Producing from open pits and underground mines. • Commenced development
Slide 12: Duketon Underground - Building Capacity And Sustainability
Duketon Underground - Building Capacity And Sustainability Two operating mines with Ore Reserves have grown consistently with more expected consistent Reserves growth Major ~380% increase in underground Ore Reserves1 at Duketon including production of 256koz of gold between 2019 and 2023 extension a
Slide 13: A 3rd Underground Mine - Garden Well Main
A 3rd Underground Mine - Garden Well Main Garden Well Main will contribute significant additional production towards our target Exploration target area ` Production Target1: 60koz - 70koz pa Exploration Target remains Mining Inventory: 295koz of gold2 from 36% Ore Reserves, 24% Tonnage: 9Mt to 18Mt
Slide 14: Could Ben Hur Be Our 4th Underground Mine……?
Could Ben Hur Be Our 4th Underground Mine……? Ben Hur Exploration Target outlines what could become our next underground mine Exploration Target area Exploration Target1: Tonnage: 4.0Mt - 6.0Mt Grade: 2.2g/t - 2.8g/t Contained gold: 300koz – 550koz 1. See ASX release titled “Underground Exploration T
Slide 15: …After Ben Hur, We Have Other Underground Growth Opportunities.
…After Ben Hur, We Have Other Underground Growth Opportunities. Other potential underground targets that could deliver additional gold production Good visibility on operating at least four underground mines at Duketon, producing 200koz – 250koz of gold in the future. 15
Slide 16: Exploration continues to open pit present opportunities
Exploration continues to open pit present opportunities Merlin, Kintyre and Gloster are shaping up as potential future growth options 16
Slide 17: Tropicana
Tropicana Tropicana Tropicana Infrastructure: ~9.4Mtpa • ~2,300km2 of exploration tenements in the Albany Fraser belt. 130km • ~9.4Mtpa milling capacity. • Production from the open pit and underground mines. • Commenced underground production at Boston Shaker in 2020 • Commenced production at our se
Slide 18: Tropicana Underground - More Value Than Just Reserves
Tropicana Underground - More Value Than Just Reserves Ore Reserves have grown consistently, exploration ongoing to extend mineralisation 270% increase in Tropicana underground Ore Reserves1,2 including production of 490koz of gold since 20203 1,200 1,000 490 Reserves (koz Au) 800 600 Cobbler concept
Slide 19: Boston Shaker growth potential
Boston Shaker growth potential • Upside potential exists down plunge at Boston Shaker. • Previous drilling at Boston Shaker intercepted mineralisation ~850m below the limit of known mineralisation; - 35m @ 1.6 g/t - 26m @ 2.7 g/t - 6m @ 1.8 g/t • Recent drilling at Boston Shaker has continued to ext
Slide 20: Tropicana Underground growth potential
Tropicana Underground growth potential • Upside potential exists both down plunge and along strike at Tropicana. • Drilling along strike of Tropicana underground have extended known mineralisation to the west. Recent results include - 19m @ 2.4 g/t - 16m @ 2.1 g/t - 15m @ 2.6 g/t - 5m @ 11.5 g/t • F
Slide 21: Havana Underground – Demonstrated Underground Growth
Havana Underground – Demonstrated Underground Growth • Upside potential exists down dip of the currently approved Havana Underground. • Additional target areas identified from recent work1: - Cobbler conceptual underground target - Havana Fault offset Havana South UG Havana UG (conceptual) (approved
Slide 22: Regional Exploration
Regional Exploration Rosetta Searching for satellite open pit resources • Regional exploration continues with the primary aim of discovering satellite resources. Hat Trick Springbok • Encouraging intersections have been delivered from the north of Tropicana, namely; Boston Shaker Tropicana - The Nor
Slide 23: McPhillamys
McPhillamys 2.7Moz Resource - One of Australia's largest undeveloped open pit gold projects FY25 Guidance Group 2.7 Moz Resource McPhillamys ($M) 10 - 151 McPhillamys • Section 10 Declared. Project re-set underway The McPhillamys2,3 Project scope included: • ~7.0Mtpa mill processing 60.6Mt over a ~1
Slide 24: McPhillamys - Section 10 Declaration
McPhillamys - Section 10 Declaration On 16 August 2024, a Section 10 (ATSIHP Act 1984) was declared over a portion of the site that covers the approved TSF site. What it means: • Project is currently unviable as Regis has no immediately available viable alternate TSF location. • To advance an altern
Slide 25: Significant regional exploration potential
Significant regional exploration potential Regis holds 1,098km2 of ground within the highly prospective Lachlan Fold Belt • Discovery Ridge holds 8Mt at 1.5 g/t for 400 koz Au1. • Historical mineralised intersection at Kings Plains (across the road from McPhillamy's). • Significant exploration poten
Slide 26: Greenfields Exploration – Still a Key Activity
Greenfields Exploration – Still a Key Activity Greenstone Belts - The longer you explore, the more you find Kalgoorlie- Norseman Belt Belt Ounces >90% ownership of Laverton Belt 160Moz entire belts 40Moz Yilgarn Craton Leonora Murchison -Wiluna 35Moz Belt 32Moz Albany Fraser Southern Archean Belt Cr
Slide 27: Outlook
Outlook 27
Slide 28: FY25 Guidance
FY25 Guidance A continued focus on delivering profitable ounces and building cash balance FY25 Guidance Duketon Tropicana (30%) Group Production (koz) 220 – 240 130 – 140 350 – 380 Stockpile draw continues in FY25 AISC ($/oz) 2,500 - 2,8001 2,300 - 2,6002 2,440 - 2,7403 Group AISC includes ~$150/oz
Slide 29: The Future Of Our Current Producing Assets
The Future Of Our Current Producing Assets A business with scale and multiple organic growth options We continue to focus on producing sustainable and profitable ounces from our current assets Sustainable delivery FY25 to FY27 into FY28 • Ramp up third underground mine (Garden Well Main) Duketon • G
Slide 30: Regis Resources - A Golden Opportunity
Regis Resources - A Golden Opportunity Unhedged and continues to generate cash, holding a Q1 FY25 cash and bullion balance of $380M ✓ Regis is $80M net cash and bullion positive. ✓ Clear cash generating capacity since closing the hedge book, delivering $225M since Dec 2023 ✓ FY25 - continue to progr
Slide 31: Further information
Further information Investor Relations + 61 8 9442 2200
Slide 32: Reserve Table
Reserve Table Group Ore Reserve Table - Regis attributable1 Proved Probable Total Ore Reserve Cut-Off Project2 Equity Type Tonnes Gold Grade Gold Metal Tonnes Gold Grade Gold Metal Tonnes Gold Grade Gold Metal (g/t)3 (Mt) (g/t) (koz) (Mt) (g/t) (koz) (Mt) (g/t) (koz) Duketon North 100% Open-Pit 0.5
Slide 33: Resource Table
Resource Table Group Mineral Resource Table — Regis attributable, inclusive of Ore Reserves’ Measured Indicated Inferred Total Resource i i Cut-Off Gold Gold Gold Gold Gold Gold Gold Gold pacha ee uLS (e/t) = Grade Metal = Grade Metal =) Grade Metal = Grade Metal (g/t) (koz) (g/t) (koz) {e/t) (oz) (
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