Regis Resources Limited · ASX:RRL
Regis Resources — RIU Explorers Conference 2009
27 slides from Regis Resources's conference presentation, Feb 19, 2009
Slide 1: David Walker, CEO & Managing Director – RIU Explorers Conference
For personal use only David Walker CEO & Managing Director RIU Explorers Conference – 17 February 2009 17 February 2009
Slide 2: Forward-Looking Statements
Forward-Looking Statements For personal use only This presentation contains “forward-looking statements”. Such forward-looking statements may include, without limitation: ¾ Estimates of future results of exploration activities; ¾ Estimates of future cash flow; ¾ Estimates of future capital expenditu
Slide 3: Board and Management
Board and Management For personal use only JEFF LUCY ASIC, PriceWaterhouseCoopers Non-Executive Chairman DAVID WALKER CRA, CS First Boston, ABN AMRO CEO and Managing Director PAUL DOWD Newmont Australia, Adelaide Resources, Northgate Minerals Non-Executive Director 17 February 2009 3 RIU Explorers C
Slide 4: Project Location – Western Australia
Project Location – Western Australia For personal use only ¾ The major landholding in the Duketon Belt ¾ Over 550 granted mineral licences and applications ¾ In excess of 6,000 sq km of prospective ground ¾ Gold – Duketon region ¾ Nickel – Collurabbie 17 February 2009 4 RIU Explorers Conference
Slide 5: Duketon Gold Project
Duketon Gold Project For personal use only ¾ Erlistoun, Duketon, Mulga Queen mined 1900’s, - 20,000oz ¾ Southern area mined by Aurora in the 1990’s – 70,000oz ¾ Moolart Well discovered in 2001 ¾ Dogbolter, King John unmined ¾ Nine separate deposits ¾ All on granted Mining Leases 17 February 2009 5 R
Slide 6: Duketon Gold Resources
Duketon Gold Resources For personal use only Regis Resources Ltd Resource Statement Duketon Gold Measured Indicated Inferred Total Resources cut-off Project million grade gold million grade gold million grade gold million grade gold grade tonnes g/t koz tonnes g/t koz tonnes g/t koz tonnes g/t koz g
Slide 7: Ore Reserve Statement
Ore Reserve Statement For personal use only Proven Probable Total Reserves Duketon Gold Project million grade gold million grade gold million grade gold tonnes g/t koz tonnes g/t koz tonnes g/t koz Moolart Well Laterite 9.4 1.41 425 0.6 0.97 18 9.9 1.39 442 Oxide 1.1 1.94 71 1.5 1.76 85 2.6 1.84 156
Slide 8: Moolart Well Gold Deposit
Moolart Well Gold Deposit For personal use only Looking North 17 February 2009 8 RIU Explorers Conference
Slide 9: Moolart Well – Laterite Ore Zone (to 20m)
Moolart Well – Laterite Ore Zone (to 20m) For personal use only ¾ Five kilometre long mineralised zone ¾ Up to 1 km wide ¾ Drilled 2,755 holes and 255,470 assays ¾ JORC M+I+I resource of 496,000 oz ¾ JORC P+P reserves of 442,142 oz (96% proven) ¾ Down to 20m vertical depth only ¾ Average cover of 6m
Slide 10: Moolart Well – Laterite Ore (to 20m)
Moolart Well – Laterite Ore (to 20m) For personal use only 17 February 2009 10 RIU Explorers Conference
Slide 11: Laterite Ore Metallurgy
Laterite Ore Metallurgy For personal use only ¾ Average 11% gravity gold ¾ 94% total gold recovery, 24 hours ¾ low CN consumption 0.29 kg/t ¾ Lime consumption 2.0 kg/t ¾ BWI of 17 ¾ Wet met grades 8-18% above resource grades 17 February 2009 11 RIU Explorers Conference
Slide 12: Moolart Well – Oxide Zone (20-70m)
Moolart Well – Oxide Zone (20-70m) For personal use only ¾ Between 20-70m vertical depth ¾ 859,000 oz in JORC M+I+I resource ¾ Most zones open at depth ¾ Significant high grade intercepts >10 oz/t ¾ Primary structures most evident in lower oxide zone 17 February 2009 12 RIU Explorers Conference
Slide 13: Moolart Well – Oxide Zone (20-70m)
Moolart Well – Oxide Zone (20-70m) For personal use only ¾ Initial P+P reserve of 156,316 oz ¾ From southern 374,326 oz M&I resource area only ¾ 42% conversion rate ¾ Excludes supergene zones ¾ Excludes 511 holes since 14 Jan 2008 17 February 2009 13 RIU Explorers Conference
Slide 14: Oxide Ore Metallurgy
Oxide Ore Metallurgy For personal use only ¾ 6-71% gravity gold recovery ¾ 94% total gold recovery, 24 hours ¾ low CN consumption of 0.24 kg/t ¾ Lime consumption 2.0 kg/t ¾ BWI of <5 ¾ Wet met grades 6-65% above resource grades 17 February 2009 14 RIU Explorers Conference
Slide 15: Laterite Test Pit – tonnes
Laterite Test Pit 1 – 300 tonnes For personal use only North Soil Horizon 0.024 0.064 0.060 0.050 0.66 0.76 0.84 0.83 0.69 3.72 2.99 17 February 2009 15 RIU Explorers Conference
Slide 16: Laterite Test Pit – 12,000 tonnes
Laterite Test Pit 2 – 12,000 tonnes For personal use only 17 February 2009 16 RIU Explorers Conference
Slide 17: Mining Method & Cost Confirmation
Mining Method & Cost Confirmation For personal use only ¾ Scraper/dozer method ¾ Free dig to 50m, some caprock blasting ¾ Significantly lower cost than traditional truck&shovel, drill&blast ¾ Scraper mining method less than A$1.50/tonne L&H ¾ Trial used equipment 30% smaller than production fleet ¾
Slide 18: Operating Cost Estimates
Operating Cost Estimates For personal use only ¾ Mining costs <A$1.50/t ¾ Milling costs A$8-11/t ¾ Admin A$3-4m pa ¾ Based on Tapis US$52/bbl, A$/US$ 0.75 ¾ Average LOM costs <A$500/oz ¾ Significantly lower in early years, low strip ratio ore 17 February 2009 18 RIU Explorers Conference
Slide 19: Capital Cost Estimate
Capital Cost Estimate For personal use only ¾ New 2.5 mtpa plant ELEMENT 2nd Hand Plant 2.0 mtpa 2nd Hand Plant 2.3 mtpa New Plant 2.5 mtpa A$m A$m A$m A$133m Dismantle and transport 8.9 8.9 Refurbish Plant 2.7 2.9 Processing Plant 35.8 39.5 76.1 ¾ 2nd hand 2.3 mtpa Civils Site Access Roads 3.1 3.1
Slide 20: Laterite Pit Design
Laterite Pit Design For personal use only 17 February 2009 20 RIU Explorers Conference
Slide 21: Oxide Pit Design
Oxide Pit Design For personal use only 17 February 2009 21 RIU Explorers Conference
Slide 22: Site Infrastructure Plan & Plant Design
Site Infrastructure Plan & Plant Design For personal use only ¾ Site layout design completed ¾ Sterilisation drilling completed ¾ Access permits underway ¾ 3Gl/yr Water borefield located 17 February 2009 22 RIU Explorers Conference
Slide 23: Permitting
Permitting For personal use only ¾ All deposits on granted Mining Leases ¾ All infrastructure leases granted ¾ No Native Title issues ¾ Environmental permitting process advanced ¾ Clearing permit approval expected ¾ Mining Permit lodged ¾ Works Approval lodged 17 February 2009 23 RIU Explorers Confe
Slide 24: DFS – March Completion Target
DFS – 31 March Completion Target For personal use only ¾ Targeting 2.5 mtpa, 150 koz pa average ¾ 2g/t head grade, 94% recovery ¾ Based on Moolart 600koz reserves only ¾ Initial laterite only, then blended laterite- oxide plan ¾ 48 months laterite ore (10mt) 17 February 2009 24 RIU Explorers Confere
Slide 25: DFS – Progress
DFS – Progress For personal use only DFS Progress % completion complete date Resources 100 Reserves and mining 100 Metallurgy 95 Feb-09 Feasibility Design Processing Plant 90 Mar-09 TSF 100 Water supply 100 Airstrip 100 Village, access, communications 100 Environmental Flora and Fauna 100 Clearing P
Slide 26: Financials
Financials For personal use only ¾ ASX code: RRL 241m ¾ Options: RRLO 9.5m $0.50 2014 RRLOA, RRLOB ¾ Warrants: unlisted 49m $0.28 2010 ¾ A$10m cash, long term debt ¾ A$85m tax losses 17 February 2009 26 RIU Explorers Conference
Slide 27: Summary
Summary For personal use only ¾ Control Duketon belt ¾ 3.5 moz resource base in nine deposits ¾ 600 koz reserve base ¾ Low cost mining method ¾ Reserve upgrades during 2009 ¾ Feasibility Study completion target 31 March ¾ Financing completion target 30 June 17 February 2009 27 RIU Explorers Conferen