Regis Resources Limited · ASX:RRL
Regis Resources — 2012 European Gold Forum
24 slides from Regis Resources's conference presentation, Apr 18, 2012
Slide 1: ASX announcement: 2012 European Gold Forum
18 April 2012 ABN 28 009 174 761 Manager Announcements www.regisresources.com Level 1 ASX Market Announcements 1 Alvan Street Australian Securities Exchange Limited Subiaco WA 6008 Australia For personal use only Level 4, 20 Bridge Street PO Box 862 Sydney NSW 2000 Subiaco WA 6904 Australia P 08 944
Slide 2: Building a Quality Australian Gold Business
For personal use only BUILDING A QUALITY AUSTRALIAN GOLD BUSINESS MARK CLARK MANAGING DIRECTOR APRIL 2012
Slide 3: Disclaimer & Competent Person Statement
DISCLAIMER & COMPETENT PERSON 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 the
Slide 4: Corporate Overview
CORPORATE OVERVIEW For personal use only Corporate Information Share Price & Volume ASX Code RRL ASX 4.50Code 5.00 RRL 6 Volume (Millions) 4.00 5 Shares 451m Shares 3.50 451m 4 Share Price 3.00 Last price $4.01 Last price $4.01 2.50 3 2.00 1.50 2 Market capitalisation $1.81bn Market capitalisation 1
Slide 5: Balance Sheet
BALANCE SHEET For personal use only Cash Cash & bullion (Dec11) $40.9m Profit & Cash-flow (Half year ended 31 Dec 11) NPAT $38.2m EBITDA $52.0m Operating cashflow (half yr) $52.3m Debt Balance $30m Further facility available $50m Gold Hedging (31 Dec 11) Total (7% of JORC reserves) 185koz - FF 119ko
Slide 6: Duketon Project Overview
DUKETON PROJECT OVERVIEW For personal use only • 350km north-north east of Kalgoorlie • 100% Regis owned • 303 granted leases • 1,570 km2 of ground • 6.5Moz of resources1 • 2.9Moz of reserves1 Note 1 – full breakdown of these reserves and resources in accordance with JORC is set out in Appendix 1 &
Slide 7: Ore Reserves
ORE RESERVES1 For personal use only Total Forecast LOM MT g/t Koz Opex Staus (A$/oz)2 Garden Well 35.3 1.46 1,660 555 Construction Moolart Well - Laterites 8.8 1.30 367 Operating - Oxide 2.6 1.82 153 Operating MW Total 11.4 1.42 520 550 Erlistoun 2.7 2.36 203 608 Mine plan Rosemont 8.7 1.73 487 628
Slide 8: Gold Production Outlook
GOLD PRODUCTION OUTLOOK For personal use only 500 Thousands Gold Production (ounces) 400 300 200 100 - 2011/12 2012/13 2013/14 2014/15 2015/16 Moolart Well Garden Well Erlistoun - GW displaced tonnes Erlistoun - extra grade Rosemont PROJECT STATUS • Moolart Well – producing • Garden Well – under con
Slide 9: Moolart Well
MOOLART WELL For personal use only • Plant commissioned August 2010 Stage Producing • Dec11 quarter 26,025oz at A$510/oz1 Mine type Open pit • Mill throughput >25% above design • > 1yr ore supply grade controlled in pit Mineralisation Laterite & oxide • Negligible ongoing capex Plant type Crush, gri
Slide 10: Moolart Well Operations
MOOLART WELL OPERATIONS For personal use only 9
Slide 11: Moolart Well Oxide Zone Drilling
MOOLART WELL OXIDE ZONE DRILLING For personal use only • 5km of laterite (20m deep) pits • Oxide zone between 20-80m below surface: • Oxide resources 577koz1 • Oxide reserves 153koz1 • All oxide reserves in southern 1km • 70,000m of oxide drill-out ongoing • Incremental reserve ounces likely Goal to
Slide 12: Garden Well
GARDEN WELL For personal use only • Virgin discovery by Regis in late 2009 Stage Construction • 30km south of Moolart Well • Production to commence in Sept 12 qtr Mine type Open pit • $109m capex budget ($70m spent) Mineralisation Mixed ultramafic- • Excellent metallurgical & physical sediment shear
Slide 13: Garden Well Construction
GARDEN WELL CONSTRUCTION For personal use only 12
Slide 14: Garden Well Ore-body
GARDEN WELL ORE-BODY For personal use only High Grade Intersections 73m at 3.61g/t from 51m 69m at 4.26g/t from 42m 39m at 4.54g/t from 56m 44m at 3.65g/t from 65m 19m at 3.99g/t from 32m 89m at 2.30g/t from 43m 33m at 3.17g/t from 71m • High grade oxide zone boosts early production • 45 degree dip
Slide 15: Garden Well Resource Extension Drilling
GARDEN WELL RESOURCE EXTENSION DRILLING For personal use only South 1 km North Garden Well gram metre long section with pit design Planned RC/diamond hole • 2012 drilling programme underway, focussing on: • Southern high grade zone • Southern extension • Targeting: • Resource increase 14 • Extension
Slide 16: Rosemont
ROSEMONT For personal use only • 9 kilometres north west of Garden Well Stage DFS • DFS underway on crush & grind at pit and pump ore slurry to Garden Well Mine type Open pit • Target: Mineralisation Quartz hosted Construction Dec12 qtr ≈ A$35m capex stockwork Fund construction from cash flow Plant
Slide 17: Erlistoun
ERLISTOUN For personal use only • 7 kilometres south of Garden Well Stage Mine scheduling • Mining tender in process Mine type Open pit • Mine in 2014 – 2016 Mineralisation Quartz hosted • Truck to Garden Well plant stockwork • Displace GW ore from mill at ≈ 900ktpa for incremental production of 20k
Slide 18: Satellite Resources
SATELLITE RESOURCES For personal use only • 7 kilometres from Garden Well Number of 6 • Mining tender in process of finalisation deposits • Mine in 2014 – 2016 Mineral resources 316koz2 • Truck to Garden Well plant Stage Resource extension • Displace GW ore from mill at 900ktpa for & optimisation in
Slide 19: Exploration Thesis
EXPLORATION THESIS For personal use only Garden Well • Moolart Well was a “blind” discovery – no surface anomaly above mineralisation. • Why? Theory, more recent paleochannel sediment has stripped out anomaly. • Anomalies remain at channel edges. • Testing theory led to discovery of 2.6Moz Garden We
Slide 20: Regional Exploration
REGIONAL EXPLORATION For personal use only • Testing theory regionally • Targeting areas: • Max 30m of paleochannel cover • No previous effective drilling • Numerous drill targets. • Recent results at Anchor South: • 8m @ 5,42g/t • 9m @ 3.46g/t • 12m @ 2.19g/t • 2012 regional drilling budget 90,000
Slide 21: Regis in Summary
REGIS IN SUMMARY For personal use only 500 Thousands Gold Production (ounces) 400 300 200 100 - 2011/12 2012/13 2013/14 2014/15 2015/16 Moolart Well Garden Well Erlistoun - GW displaced tonnes Erlistoun - extra grade Rosemont • Current business generating strong cash-flow • Organic, fully funded gro
Slide 22: Appendix: JORC Reserves June 2011
APPENDIX 1 JORC RESERVES 30 JUNE 2011 For personal use only Proven Probable Total Cut‐off Project grade gold grade gold grade gold Grade MT MT MT g/t koz g/t koz g/t koz g/t Garden Well 35.3 1.46 1,660 35.3 1.46 1,660 0.60 Moolart Well Laterite 7.8 1.31 335 1.0 1.00 32 8.8 1.30 367 0.50 Oxide 1.4 1.
Slide 23: Appendix: JORC Resources June 2011
APPENDIX 2 JORC RESOURCES 30 JUNE 2011 For personal use only Measured Indicated Inferred Total Resources Cut‐ off Project gold gold gold gold MT g/t MT g/t MT g/t MT g/t Grade koz koz koz koz g/t Moolart Well Laterite 9.8 1.45 459 1.0 0.90 29 0.3 0.88 8 11.1 1.39 496 0.50 Oxide 1.2 1.85 71 3.9 1.52
Slide 24: Appendix: Moolart Well Quarterly Operating Stats
APPENDIX 3 MOOLART WELL QUARTERLY OPERATING STATS For personal use only Dec11 Sept 11 Jun 2011 Mar 11 Dec 10 Quarter Quarter Quarter Quarter Quarter Ore mined 621,862 657,919 619,239 598,048 500,663 (tonnes) Ore milled 644,179 636,812 636,058 580,495 475,296 (tonnes) Grade (g/t) 1.34 1.40 1.44 1.28