Regis Resources Limited · ASX:RRL
Regis Resources — UBS Resources Conference 2025
32 slides from Regis Resources's conference presentation, Mar 24, 2025
Slide 1: UBS Resources Conference
UBS Resources Conference 24 March 2025 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
Production Target Exploration Targets Relevant Proportions Underpinning the Production Target Exploration Target at Garden Well (noted on Slide 12) is extracted from ASX release “Mineral Resource and Ore Reserve Regis has outlined a consolidated gold Production Target of between 100koz and 120koz fr
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 ~5 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 UK 6% Rest of World 1% Non-Executive Chair Chief Operating Officer James Mactier Michael Holmes Share price: $3.71 Europe (ex UK) 10% Market Capitalisation: ~$2.8B North Managing Director & CEO Ch
Slide 6: Q2 FY25. Consistently Delivering
Q2 FY25. Consistently Delivering Consistent operational performance delivering value • Solid operational performance across Duketon and Tropicana • Group production of 101.3koz at AISC of $2,371/oz and in-line with guidance1 • Cash and bullion was $529M1, a build of $149M during the December quarter
Slide 7: 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. +$149M Delivered $374M cash since Dec 2023 Hedge buyout +$85M $529M +$109M1 $380M +$31M $295M $186M $155M Dec-23 Mar-24 Jun-24 Sep-24 Dec-25 7 1. Includ
Slide 8: Our Strategic Delivery
Our Strategic Delivery 8
Slide 9: 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 10: Duketon Infrastructure: Duketon becoming an underground centric mining operation
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 11: 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 12: A 3rd Underground Mine - Garden Well Main
A 3 Underground Mine - Garden Well Main rd Garden Well Main will contribute significant additional production towards our target Exploration target area ` Production Target1: 60koz - 70koz pa Exploration Target3 remains Mining Inventory: 295koz of gold2 from 36% Ore Reserves, 24% Tonnage: 9Mt to 18M
Slide 13: Could Ben Hur Be Our 4th Underground Mine?
Could Ben Hur Be Our 4 Underground Mine……? th 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
Slide 14: 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. 14
Slide 15: Exploration continues to present open pit opportunities
Exploration continues to present open pit opportunities Merlin, Kintyre and Gloster are shaping up as potential future growth options 15
Slide 16: Tropicana
Tropicana Tropicana Infrastructure: Tropicana ~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 17: Tropicana Underground - More Value Than Just Reserves
Tropicana Underground - More Value Than Just Reserves Ore Reserves have grown consistently, exploration ongoing to extend mineralisation 202% increase in Tropicana underground Ore Reserves1,2 including production of 648koz of gold since 20183 1,400 1,200 Ore Reserves up 202% 1,000 648 450 koz Gold 8
Slide 18: 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 19: 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 20: 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 21: Regional Exploration
Regional Exploration Searching for satellite open pit resources Rosetta • 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 22: 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 23: 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 24: 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 25: 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 26: Outlook
Outlook 26
Slide 27: FY25 Guidance
FY25 Guidance A continued focus on delivering profitable ounces and building cash balance FY25 YTD FY25 Group Actual Guidance Production (koz) 196 350 – 380 Stockpile draw continues in FY25 AISC ($/oz) 2,403 2,440 - 2,7403 Group AISC includes ~$150/oz non- cash for stockpile drawdowns. Growth Capita
Slide 28: 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 29: Regis Resources - A Golden Opportunity
Regis Resources - A Golden Opportunity Unhedged and now debt free, Regis’ consistent operational performance continues to generate cash Regis is circa $229M net cash and bullion positive1 Clear cash generating capacity since closing the hedge book, delivering $374M since Dec 2023 FY25 - contin
Slide 30: Further information
Further information Jeff Sansom Head of Investor Relations and External Affairs + 61 (0) 473 098 856
Slide 31: Group Ore Reserve Table – Regis Attributable
Group Ore Reserve Table1 – Regis Attributable 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 - - - 0.44 1.1
Slide 32: Group Mineral Resource Table – Regis Attributable
Group Mineral Resource Table – Regis Attributable Gold Measured Indicated Inferred Total Resource Cut-Off Tonnes Gold Grade Gold Metal Tonnes Gold Grade Gold Metal Tonnes Gold Grade Gold Metal Tonnes Gold Grade Gold Metal Project1 Equity Type (g/t) (Mt) (g/t) (koz) (Mt) (g/t) (koz) (Mt) (g/t) (koz)