Regis Resources Limited · ASX:RRL
Regis Resources — Q3 FY2017 Earnings Presentation
19 slides from Regis Resources's earnings presentation, Apr 21, 2017
Slide 1: Regis Resources March 2017 Quarterly Report & Exploration Update
For personal use only 1 1 REGIS RESOURCES LTD MARCH 2017 QUARTERLY REPORT & EXPLORATION UPDATE
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
Slide 3: Review of FY2017 Q3 Operations
REVIEW OF FY2017 Q3 OPERATIONS For personal use only 3 3 DUKETON CONTINUES TO DELIVER STRONG CASHFLOW Q3 Q2 OPERATIONS FY17 FY17 Q3 gold production 79,223 ounces Ore mined (Mbcm) 1.0 1.1 Run rate above FY16 and in upper half of FY17 guidance of 300-330koz Waste mined (Mbcm) 6.4 7.3 Excellent r
Slide 4: Duketon FY2017 Q3
For personal use only DUKETON FY2017 Q3 4 4
Slide 5: FY2017 Q3 Operating Results
FY2017 Q3 OPERATING RESULTS For personal use only 5 5 Duketon Northern Duketon Southern Operations Operations Total Q3 Q2 Q3 Q2 Q3 Q2 Ore mined (Mbcm ) 0.4 0.4 0.5 0.7 1.0 1.1 Waste mined (Mbcm) 1.9 2.5 4.4 4.8 6.4 7.3 Stripping ratio (w:o) 4.5 6.7 8.3 6.5 6.6 6.5 Ore mined (Mtonnes) 0.8 0.7 1.4 2.0
Slide 6: FY2017 Q3 Operating Results: Duketon Northern Operations
FY2017 Q3 OPERATING RESULTS For personal use only 6 6 Duketon Northern Duketon Southern Operations Operations Total Q3 Q2 Q3 Q2 Q3 Q2 Ore mined (Mbcm ) 0.4 0.4 0.5 0.7 1.0 1.1 Waste mined (Mbcm) 1.9 2.5 4.4 4.8 6.4 7.3 Stripping ratio (w:o) 4.5 6.7 8.3 6.5 6.6 6.5 Ore mined (Mtonnes) 0.8 0.7 1.4 2.0
Slide 7: FY2017 Q3 Operating Results: Duketon Southern Operations
FY2017 Q3 OPERATING RESULTS For personal use only 7 7 Duketon Northern Duketon Southern Operations Operations Total Q2 Q1 Q3 Q2 Q3 Q2 Ore mined (Mbcm ) 0.4 0.4 0.5 0.7 1.0 1.1 Waste mined (Mbcm) 1.9 2.5 4.4 4.8 6.4 7.3 Stripping ratio (w:o) 4.5 6.7 8.3 6.5 6.6 6.5 Ore mined (Mtonnes) 0.8 0.7 1.4 2.0
Slide 8: Cashflow Waterfall
8 CASHFLOW WATERFALL 8 For personal use only Strong cash-flow from operations of $57.8m for Q3 (Q2: $64.5m) Cash build of $20m after allowing for payment of dividend of $35.1m. Significant expenditures in Q3 above usual run rate – expect to reduce in coming quarters Development spend ($15.8m) incl
Slide 9: Dividends
9 DIVIDENDS 9 For personal use only Earnings & Dividend Per Share 25 22.4 20 17.4 Cents per Share 15 13 12.2 11.0 10 7 6 5 0 0 FY2014 FY2015 FY2016 FY2017 (H1) EPS Dividend per Share Fully franked interim dividend of 7cps ($35.1m) declared and paid in Q3 Increase on FY16 interim dividend of 4cps
Slide 10: Satellite Deposits
SATELLITE DEPOSITS FAMOUS BLUE GEOLOGY For personal use only 10 10 GLOSTER 26km west of Moolart Well Mining commenced Q1, milling Q2 Processed 300kt ore at 1.35g/t in Q3 Processed 590kt ore at 1.26g/t YTD Adds 3+ years of mill feed to MW Grade increases production & recovery ERLISTOUN
Slide 11: Exploration Update: Duketon Significant Results in Q3
11 EXPLORATION UPDATE 11 For personal use only DUKETON - SIGNIFICANT RESULTS IN Q3 Completed 32,943m (Q2: 49,223m) of drilling on 4 gold projects Lower metres in Q3 due to weather, rig availability & limited RMT pit access Tooheys Well – 2.5km S of Garden Well 547,000 oz resource estimated in
Slide 12: Tooheys Well Gold Project
TOOHEYS WELL GOLD PROJECT For personal use only 12 12 A SIGNIFICANT NEW PROJECT Gold shear zones hosted by chert, shale and BIF 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) Inferred 14.6 1.16 547 Resource ab
Slide 13: Rosemont South & Main Underground Opportunities
ROSEMONT SOUTH & MAIN 13 13 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
Slide 14: Rosemont Main Pit Underground Project
ROSEMONT MAIN PIT 14 14 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 Early holes drilled to date are encouraging for underground opportunities Approx 10,000m dri
Slide 15: McPhillamys (NSW): Infill Drilling Underway for PFS
15 McPHILLAMYS (NSW) 15 For personal use only INFILL DRILLING UNDERWAY FOR PFS Located Central-West NSW Well established gold mining district Cadia, Cowal, Northparkes+45Moz* Gold resource 2.2Moz - 100% Regis owned Infill Drilling Underway 25,000m programme - 5 diamond & 1 RC rigs workin
Slide 16: McPhillamys: Expanding Resources and Footprint
16 McPHILLAMYS (NSW) 16 For personal use only EXPANDING MCPHILLAMYS RESOURCES AND FOOTPRINT Entered into binding agreement to acquire the Blayney Gold Project for A$3.25m Subject to one remaining condition precedent Tenement lies contiguous to the McPhillamys project licence and hosts two quot
Slide 17: Recap of Presentation
RECAP OF PRESENTATION For personal use only 17 17 Q3 gold production 79,223 ounces at AISC of A$1,024/oz Production in line with Q2 (80,090oz) despite significant rainfall impact on operations Production run rate in upper half of FY17 guidance Gloster & Erlistoun making contribution & will i
Slide 18: Appendix: JORC Ore Reserve Estimates March 2016
APPENDIX 1 JORC COMPLIANT 18 18 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
Slide 19: Appendix: JORC Mineral Resources March 2016
APPENDIX 2 19 19 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