Regis Resources Limited · ASX:RRL

Regis Resources — BMO Global Metals & Mining Conference 2017

31 slides from Regis Resources's conference presentation, Feb 27, 2017

  1. Slide 1: Regis Resources Ltd - BMO Global Metals & Mining Conference

    For personal use only 1 1 REGIS RESOURCES LTD FEBRUARY 2017 BMO GLOBAL METALS & MINING CONFERENCE

  2. Slide 2: Disclaimer & Competent Persons Statement

    DISCLAIMER & COMPETENT PERSONS 22 STATEMENT 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

  3. Slide 3: Corporate: Capital Structure and Operations Snapshot

    3 CORPORATE 3 CAPITAL STRUCTURE For personal use only Shares on issue 501m Last price A$3.54 Market capitalisation A$1,775m Daily turnover (no. shares) 7m Unlisted options 10m OPERATIONS SNAPSHOT Duketon operations (WA) 10Mtpa for >300kozpa McPhillamys project (NSW) 2.2Moz resource SHARE PRICE & VOL

  4. Slide 4: H1 2017 Operating Results

    H1 2017 OPERATING RESULTS For personal use only 4 4 Duketon Duketon Total Total North South Dec 2016 Dec 2015 Ore mined (Mbcm ) 0.75 1.47 2.22 2.40 Waste mined (Mbcm) 4.41 8.69 13.10 11.07 Stripping ratio (w:o) 5.9 5.9 5.9 4.6 Ore mined (Mtonnes) 1.50 3.94 5.44 5.62 Ore milled (Mtonnes) 1.52 3.60 5.

  5. Slide 5: Review of FY2017 Q2 Operations

    REVIEW OF FY2017 Q2 OPERATIONS For personal use only 5 5 DUKETON CONTINUES TO DELIVER STRONG CASHFLOW Q2 Q1 OPERATIONS FY17 FY17  Q2 gold production 80,090 ounces Ore mined (Mbcm) 1.1 1.1  Up 7% on Q1  Run rate above FY16 and in upper half of FY17 Waste mined (Mbcm) 7.3 5.8 guidance of 300-330koz

  6. Slide 6: H1 2017 Financial Results

    H1 2017 – FINANCIAL RESULTS 6 6 HIGHLIGHTS For personal use only STRONG FINANCIAL RESULTS  Net profit after tax for H1 FY17 of A$61.0 million up 33% from H1 FY16 • Earnings per share also up 33% to 12.19cps  Revenue for H1 FY17 up 4% to A$252.9 million (H1 FY16: A$243.7 million) • 144,699oz’s of g

  7. Slide 7: Interim Dividend 2017

    7 INTERIM DIVIDEND 7 For personal use only 2017  Interim dividend declared 7 cents per share fully franked (A$35 million)  Record Date: 8 March 2017  Payable: 21 March 2017  Interim dividend payout key metrics:  14% of H1 FY17 revenue  57% of H1 FY NPAT COMMITMENT TO DIVIDENDS  FY 16 full yea

  8. Slide 8: Strong Performance on All Profit Measures

    STRONG PERFORMANCE ON ALL 8 8 PROFIT MEASURES For personal use only 1 FY2014 NPAT, EBITDA & EPS adjusted to underlying result by excluding $202.7m after tax impairment charge

  9. Slide 9: Cashflow Waterfall

    9 CASHFLOW WATERFALL 9 For personal use only Cash & Gold on Hand - FY17 YTD Movements $270.0m $124.1m $250.0m $230.0m $210.0m $190.0m ($45.0m) $170.0m ($23.3m) ($11.1m) $150.0m ($14.3m) $129.8m $130.0m $123.3m ($21.6m) ($2.5m) $110.0m $90.0m Cash build during the half despite the payment of A$45.0m

  10. Slide 10: Operations Outlook: FY2017 Guidance

    10 OPERATIONS OUTLOOK 10 FY2017 GUIDANCE For personal use only  Gold production 300,000 – 330,000 ounces  Cash costs $840 – $910 per ounce  AISC $980 – $1,050 per ounce  Growth Capex: $27m Major components of growth capital: • Gloster pre-production capital $7m • Erlistoun pre-production capital

  11. Slide 11: 2017-2019 Duketon Production Guidance & Targets

    11 OPERATIONS OUTLOOK 11 2017 – 2019 DUKETON PROJECT PRODUCTION GUIDANCE & TARGETS For personal use only 380,000 370,000 360,000 2019 350,000 TARGET 340,000 2018 330,000 340,000 TARGET GOLD PRODUCTION (OUNCES) 320,000 2017 GUIDANCE 320,000 300,000 2016 300,000 ACTUAL 280,000 305,084 260,000 240,000

  12. Slide 12: Delivering Organic Growth Opportunities

    DELIVERING ORGANIC GROWTH 12 12 OPPORTUNITIES For personal use only MINE LIVES @ 31/3/16 Project Mine Life Mill tpa Garden Well 7 years ≈ 5 MT Rosemont 6 years ≈ 2 MT Moolart Well 5 years ≈ 3 MT SATELLITES EXTENDING MINE LIFE Project Reserves at 31/3/16 Gloster 7.0Mt @ 1.00g/t for 226koz’s Erlistoun

  13. Slide 13: Development: Gloster Gold Deposit

    DEVELOPMENT FAMOUS BLUE GEOLOGY 13 13 GLOSTER GOLD DEPOSIT For personal use only FIRST OF THE SATELLITES  Simple low strip open cut mining and road haulage operation  Low startup capex - $7m in FY2017.  More than 3 years additional mill feed to the Moolart Well processing plant, 26 kilometers awa

  14. Slide 14: Development: Erlistoun Gold Deposit

    DEVELOPMENT FAMOUS BLUE GEOLOGY 14 14 ERLISTOUN GOLD DEPOSIT For personal use only NEXT CAB OFF THE RANK - MOVING TOWARDS PRODUCTION  Simple open cut mining and road haulage operation  Mining commenced and first ore hauled late in Q2, processing to commence Q3  Low startup capex - <$3m in FY2017.

  15. Slide 15: Tooheys Well: 547,000 Ounce Maiden Resource

    15 TOOHEYS WELL 15 For personal use only ORGANIC GROWTH CONTINUES - 547,000 OUNCE MAIDEN RESOURCE Tonnes Gold Grade Gold Metal (Mt) (g/t) (koz) Tooheys Well Inferred Mineral Resource at 0.4g/t lower cut 14.6 1.16 547  Resource above 1.0g/t cut-off is 6.7Mt at 1.77g/t for 379,000 ounces – 70% of quo

  16. Slide 16: Exploration Update: Duketon Significant Results in Q2

    16 EXPLORATION UPDATE 16 For personal use only DUKETON - SIGNIFICANT RESULTS IN Q2 Completed 56,473m (Q1: 52,262m) of drilling on 12 gold projects  Tooheys Well – 2.5km S of Garden Well  547,000 oz resource estimated in Q1  Infill drilling continues to return high grades  EM survey nearing compl

  17. Slide 17: Tooheys Well Gold Project

    TOOHEYS WELL GOLD PROJECT For personal use only 17 17 A SIGNIFICANT NEW PROJECT  Gold shear zones hosted by chert, shale and BIF  Early shallow AC holes ineffective  Extensive drill-out in 2015 and 16 culminated in maiden resource at 0.4g/t lower cut: Tonnes Gold Grade Gold Metal (Mt) (g/t) (koz)

  18. Slide 18: Tooheys Well Drilling Cross Section

    TOOHEYS WELL GOLD PROSPECT For personal use only 18 18 DRILLING CROSS SECTION 6909340mN  Steep E dipping high grade gold shear  Chert BIF and shale host rocks  Weathered 80-160m  Significant intercepts (2015/16)  39m @ 2.86g/t from 53m  17m @1.90g/t from 95m  27m @ 2.48g/t from 55m  50m @ 2.

  19. Slide 19: Exploration Upside: Tooheys Well-Garden Well Corridor

    EXPLORATION UPSIDE 1919 TOOHEYS WELL-GARDEN WELL CORRIDOR For personal use only UNTESTED POTENTIAL NORTH & SOUTH OF TOOHEYS WELL North  TW structure interpreted to join gold shear zones at Chert Ridge (GW) 2.5km north.  Early drilling encouraging:  15m @1.15g/t & 25m @ 1.41g/t  Drilling planned

  20. Slide 20: Rosemont South & Main Underground Opportunities

    ROSEMONT SOUTH & MAIN 20 20 UNDERGROUND OPPORTUNITIES For personal use only 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  Dril

  21. Slide 21: Rosemont South Project

    ROSEMONT SOUTH PROJECT For personal use only 21 21 POTENTIAL FOR OPEN PIT & UNDERGROUND MINING INVENTORY EXTENSION  Testing high grade shoots 50-300m below surface over 500m strike, some outside reserves  Drilled 95 holes for 15,480m in Q2 – numerous high grade intercepts shown above  Drilling co

  22. Slide 22: Rosemont South Project Drill Results in Q2

    ROSEMONT SOUTH PROJECT For personal use only 22 22 DRILL RESULTS IN Q2  Gold hosted in a steeply east dipping 345° trending quartz-dolerite unit  Gold mineralised quartz-dolerite unit is approx 80m wide.  Q2 Results (all outside reserves):  2m @ 108.5g/t Au from 125m  4m @ 27.29g/t Au from 162m

  23. Slide 23: Rosemont South Project: Drill Results in Q1

    ROSEMONT SOUTH PROJECT For personal use only 23 23 BUILDING ON DRILL RESULTS IN Q1  Q1 Results  10m @ 30.11g/t Au from 48m  4m @ 7.72g/t Au from 52m  2m @ 18.48g/t Au from 74m  13m @ 2.61g/t Au from 126m*  17m @ 4.41g/t Au from 153m*  29m @ 3.81g/t Au from 175m*, including:  5m @ 8.54g/t Au

  24. Slide 24: Rosemont Main Pit Underground Project

    ROSEMONT MAIN PIT 24 24 UNDERGROUND PROJECT For personal use only POTENTIAL FOR UNDERGROUND MINING INVENTORY EXTENSION  Testing high grade shoots 100-200m vertically below ultimate open pit design depth  Drilled 62 holes for 13,610m in Q2 – numerous results shown above  Approx 10,000m drilling re

  25. Slide 25: Rosemont Main Pit Underground Drill Results in Q2

    ROSEMONT MAIN PIT 2525 UNDERGROUND PROJECT For personal use only DRILL RESULTS IN Q2  Gold hosted in a steeply east dipping 345° trending quartz-dolerite unit  Gold mineralised quartz-dolerite unit is approx 80m wide.  Q2 Results (all outside reserves):  4m @ 82.05g/t Au from 249m  4m @ 33.54g/

  26. Slide 26: McPhillamys (NSW): Focus on Key Infrastructure Before PFS

    26 McPHILLAMYS (NSW) 26 For personal use only FOCUS ON KEY INFRASTRUCTURE BEFORE MOVE TO PFS  Located Central-West NSW • Well established gold mining district • Cadia, Cowal, Northparkes +45Moz*  Gold resource 2.2Moz - 100% Regis • Large undeveloped gold resource in Australia – rare and getting ra

  27. Slide 27: McPhillamys: Infill Drilling Underway for PFS

    27 McPHILLAMYS (NSW) 27 For personal use only INFILL DRILLING UNDERWAY FOR PFS  Infill Drilling Underway  25,000m programme - 3 diamond & 1 RC rigs working  Reduce drill pattern to 50x25m (nominal)  19 holes (7,250m) drilled in Q2.  Significant results include:  58m @ 2.74g/t Au from 45m  121

  28. Slide 28: Expanding McPhillamys Resources and Footprint

    28 McPHILLAMYS (NSW) 28 For personal use only EXPANDING MCPHILLAMYS RESOURCES AND FOOTPRINT  Entered into binding agreement to acquire the Blayney Gold Project for A$3.25m  Tenement lies contiguous to the McPhillamys project licence and hosts two quoted Mineral Resource Estimates*: • Discovery Rid

  29. Slide 29: Recap of Presentation

    RECAP OF PRESENTATION For personal use only 29 29  H1 FY17 gold production 154,702 ounces at AISC of A$949/oz  Production run rate in-line with FY17 guidance as GW and RMT grades improve and Gloster comes on line  AISC below lower end of FY17 guidance  Cash and bullion holdings $129.7m (June 16:

  30. Slide 30: Appendix: JORC Ore Reserve Estimates March 2016

    APPENDIX 1 JORC COMPLIANT 30 30 ORE RESERVE ESTIMATES 31 MARCH 2016 For personal use only Group Ore Reserves as at 31 March 2016 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 Person3 (g/t)2

  31. Slide 31: Appendix: JORC Mineral Resources March 2016

    APPENDIX 2 31 31 JORC COMPLIANT MINERAL RESOURCES 31 MARCH 2016 Group Mineral Resources For personal use only as at 31 March 2016 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

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