Regis Resources Limited · ASX:RRL
Regis Resources — Euroz Conference 2015
21 slides from Regis Resources's conference presentation, Mar 11, 2015
Slide 1: Euroz Conference Presentation cover letter
_____________________________________________________________________________________________________ ABN 28 009 174 761 www.regisresources.com Level 1 1 Alvan Street For personal use only Subiaco WA 6008 Australia P 08 9442 2200 F 08 9442 2290 11 March 2015 Manager Announcements Company Announcemen
Slide 2: Investor Presentation March 2015
For personal use only INVESTOR PRESENTATION MARCH 2015 MARK CLARK MANAGING DIRECTOR
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: Regis Overview
REGIS OVERVIEW For personal use only Corporate Information ASX Code RRL Shares 500m Last price $1.23 Market capitalisation $614m Daily turnover (no. shares) 3.9m Unlisted options 6.6m Major shareholders Newmont 19% Directors & management 10% 3 operating gold mines at Duketon JCP Investment Partners
Slide 5: 2015 Production Guidance
2015 PRODUCTION GUIDANCE (23 MAY 2014) For personal use only Moolart Garden Rosemont Total Well Well Mill throughput 2.6 – 2.8 4.9 – 5.1 1.7 – 2.0 9.2 – 9.9 (million tonnes) Grade (g/t) 1.2 – 1.3 1.0 – 1.1 1.3 – 1.5 1.11 – 1.23 Recovery (%) 91 – 93 91 – 93 91 – 93 91 – 93 Gold 95 – 105 145 – 165 65
Slide 6: Production Update
PRODUCTION UPDATE For personal use only Actual • 8 months - 28 Feb 15: 209,000 ounces Guidance • Original FY2015 305,000 – 355,000 ounces • March 2015 quarter circa 65,000 ounces • June 2015 quarter circa 75,000 ounces • FY2015 forecast circa 309,000 ounces March 2015 Quarter issues • Rainfall imp
Slide 7: Cash Position
CASH POSITION For personal use only Cash & Bullion Holdings Grossed Up for MACA & Debt Repayment 80 70 60 41.3 50 41.3 $ million 40 21.3 30 20 29.7 33.7 26.2 10 14.2 0 June 14 Sept 14 Dec 14 Feb 15 Cash & Bullion MACA & debt repay • Cash position has continued to build, net of $41m repayment of debt
Slide 8: Moolart Well Production
MOOLART WELL PRODUCTION For personal use only 2015 Guidance 95,000 – 105,000 ounces Actual • 6 months to Dec 14: 58,030 ounces • 2 months to Feb 15: 13,019 ounces Guidance for balance of 2015 • March 2015Q circa 20,000 ounces • June 2015Q circa 20,000 ounces 2015 Forecast circa 98,000 ounces Comme
Slide 9: Garden Well Production
GARDEN WELL PRODUCTION For personal use only 2015 Guidance 145,000 – 165,000 ounces Actual • 6 months to Dec 14: 58,030 ounces • 2 months to Feb 15: 14,882 ounces Guidance for balance of 2015 • March 2015Q circa 25,000 ounces • June 2015Q circa 30,000 ounces 2015 Forecast circa 113,000 ounces 8
Slide 10: Garden Well March15 Quarter Issues
GARDEN WELL MARCH15 QUARTER ISSUES For personal use only • Rainfall • Significant rainfall event last week Feb, first week March • 0.5m water in stage 3 (only rain that fell in pit footprint) • Stage 3 inaccessible for 2 weeks and stage 4 had periodic stoppages • Impacted mining flexibility and ore
Slide 11: Rosemont Production
ROSEMONT PRODUCTION For personal use only 2015 Guidance 65,000 – 85,000 ounces Actual • 6 months to Dec 14: 53,800 ounces • 2 months to Feb 15: 11,950 ounces Guidance for balance of 2015 • March 2015Q circa 20,000 ounces • June 2015Q circa 25,000 ounces 2015 Forecast circa 99,000 ounces Comments
Slide 12: Operating Costs
OPERATING COSTS For personal use only Cash Cost per Ounce (Pre Royalty) Garden Well Rosemont Moolart Well Regis Sept14 A 1,062 719 477 745 Dec14 A 963 755 615 781 Mar 15 E 1,050 - 1,100 1,000 - 1,050 750 - 800 940 – 990 June 15 E 850 - 900 800 - 850 750 - 800 810 – 860 2015FY A+E 980 – 1,000 810 - 8
Slide 13: Mine Extension Work
MINE EXTENSION WORK For personal use only Erlistoun 8km SSW of Garden Well 203koz reserve1 Complete infill drillout (12,000m) by end March Goal: add to GW FY2016 mining schedule Dogbolter 15km south of Moolart Well 87koz resource1 Infill drillout nearing completion (17,000m) Mining study to follow G
Slide 14: Mine Extension Work
MINE EXTENSION WORK For personal use only MW oxides Located below and around current MW pits Partly in and partly out MW quoted resource First pass infill drillout completed Mining study to follow Goal: add to 2015 reserves add to 2016 MW LOM schedule Petra 12km SW of Moolart Well 42koz resource1 Fi
Slide 15: Mine Extension Work
MINE EXTENSION WORK For personal use only Other Baneygo, Russells Find & King John 170koz resource1 Infill drillout to complete in CY2015 Goal: add to 2016 reserves Expediting work to add to reserves and mine schedules Note 1 full break down in accordance with JORC set out in Appendix 2 14
Slide 16: Duketon Exploration
DUKETON EXPLORATION For personal use only Moolart Well North • Regional N-S strike slip fault/shear zones on aeromagnetic data Mulga Duketon • Five main fault/shear zones Queen Moolart identified hosting gold Well mineralisation Petra Anchor • Target zones under cover near Dogbolter fault intersecti
Slide 17: 2015 Operations Focus
2015 OPERATIONS FOCUS For personal use only 1. Achieve steady state operations in mining and processing. 2. Drive the cost base lower from steady state. 3. Work to bring satellite resource positions in to mine plan. 4. Production replacement drilling in oxides at Moolart Well. 5. Regional exploratio
Slide 18: McPhillamys Gold Project
MCPHILLAMYS GOLD PROJECT For personal use only • Acquisition completed Nov12 • 250km west of Sydney • 35km from each of Orange & Bathurst • 2.2 Moz resource1 • Refreshing PFS studies and infrastructure discussions given improved gold price Note 1 full break down in accordance with JORC set out in Ap
Slide 19: 2015 Corporate Focus
2015 CORPORATE FOCUS For personal use only 1. Operational predictability. 2. Cash flow. 3. Debt reduction. 4. Revisit McPhillamys studies. 5. Move towards reactivation of dividends, if & when appropriate. 6. More active pursuit of growth opportunities. 18
Slide 20: Appendix: JORC Reserves June 2014
APPENDIX 1 JORC RESERVES 30 JUNE 2014 For personal use only 19
Slide 21: Appendix: JORC Resources June 2014
APPENDIX 2 JORC RESOURCES 30 JUNE 2014 For personal use only Gold Measured Indicated Inferred Total Resource Gold Gold Gold Competent Cut-Off Tonnes Gold Grade Tonnes Gold Grade Tonnes Gold Grade Tonnes Gold Grade Gold Metal Project Type Metal Metal Metal Person3 (g/t) (Mt) (g/t) (Mt) (g/t) (Mt) (g/