Regis Resources Limited · ASX:RRL
Regis Resources — Denver Gold Forum 2024
27 slides from Regis Resources's conference presentation, Sep 18, 2024
Slide 1: Denver Gold Forum
Denver Gold Forum 15 - 18 September 2024 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 7) is extracted from ASX release “Mineral Resource and Ore Reserve Regis has outlined a consolidated gold Production Target of between 100koz and 120koz fro
Slide 4: Overview
Overview 4
Slide 5: 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 ~6 years • FY24 production: 290koz NT 2.7 Moz Resource • FY24 AISC: US$1,583 McPhillamys • FY24 drilling: 152km QLD • Section 10 Declared. • Mineral Resources1: 2.5Moz Project re-set underway WA • O
Slide 6: Corporate Snapshot
Corporate Snapshot Board Key Management Capital Structure1 Shares on Issue: ~755M Register Composition Non-Executive Chair Chief Operating Officer Asia 2% Rest of World 1% James Mactier Michael Holmes Share price: US$1.30 UK 4% Europe 9% Market Capitalisation: ~US$1.0B Managing Director & CEO Chief
Slide 7: Delivering Safely And Responsibly
Delivering Safely And Responsibly In FY24 we delivered meaningful ESG outcomes ‘ FY24 YTD LTIFR Female Representation Safe Work Culture 0.00 22%: Employees L a u n c h ed S a f e 2 S ay 33%: Board Land Rehabilitation Renewable Energy Building Capacity 203 Ha up 400% 9MW: Duketon WTA: Mantjintjarra N
Slide 8: Delivering Safely And Responsibly
Delivering Safely And Responsibly In FY24 we delivered strong profitability and cash generation Record cash and bullion (US$) $201M1 Record operating cash flow (US$) $323M FY24 EBITDA (US$) $202M2 FY24 Underlying EBITDA (US$) $286M2 FY24 Underlying NPBT (US$) $72M3 Net debt (US$) $3M4 1. Gold on han
Slide 9: The Future Of Our Current Producing Assets
The Future Of Our Current Producing Assets A business with scale and multiple organic growth options We continue to focus on producing sustainable and profitable ounces from our current assets Sustainable delivery FY25 to FY27 into FY28 • Ramp up and optimise undergrounds Duketon • Grow Garden Well
Slide 10: Duketon
Duketon Moolart Well 2.5Mtpa (C&M) FY25 Guidance Duketon Production (koz) 220 – 240 100km AISC (US$/oz) 1,700 - 1,9041 Garden Well Growth Capital (US$M) 75 – 82 5Mtpa Rosemont 2.5Mtpa Duketon Infrastructure: • A dominant ~3,000km2 land package. • 7.5Mtpa of mill capacity at Duketon South. An additio
Slide 11: Duketon Mining Complex – Value Over Volume
Duketon Mining Complex – Value Over Volume What we expect from Duketon now and into the future Building sustainable capacity with 4 or more underground mines The Duketon opportunity: 200-2501koz pa To deliver this opportunity, we will: • Ramp up and optimise current undergrounds. • Continue to ident
Slide 12: Duketon Underground - Building Capacity And Sustainability
Duketon Underground - Building Capacity And Sustainability Ore Reserves have grown consistently with more expected Two operating mines with Major consistent Reserves growth ~380% increase in underground Ore Reserves1 at Duketon including extension Rosemont South Pit Rosemont Main Pit production of 2
Slide 13: A 3rd Underground Mine - Garden Well Main
A 3rd Underground Mine - Garden Well Main Garden Well Main will contribute significant additional production towards our target Exploration target area ` Production Target1: 60koz - 70koz pa Exploration Target remains Mining Inventory: 295koz of gold2 from 31% Ore Reserves, 28% Tonnage: 9Mt to 18Mt
Slide 14: Our Potential 4th and 5th Underground Production Sources
Our Potential 4th and 5th Underground Production Sources Other potential underground targets that could deliver additional gold production Tooheys Well Ben Hur Project Good visibility on operating four to five underground mines at Duketon, producing 200koz – 250koz of gold in the future. 14
Slide 15: Tropicana
Tropicana Tropicana ~9.4Mtpa FY25 Guidance Tropicana Production (koz) 130 – 140 130km AISC (US$/oz) 1,564 - 1,7681 Growth Capital (US$M) 7 – 10 Tropicana Infrastructure: • ~2,600km2 of exploration tenements in the Albany Fraser belt. • ~9.4Mtpa milling capacity. • Production from the open pit and un
Slide 16: Tropicana – The More We Drill The More We Find
Tropicana – The More We Drill The More We Find A genuine tier 1 asset in a tier 1 mining jurisdiction Build sustainable capacity with underground extensions and new pits The Tropicana opportunity: 135-1501koz pa To deliver this opportunity, we will : • Complete Ramp up of Havana pit and reduce waste
Slide 17: Underground Growth – More Value Than Just Reserves
Underground Growth – More Value Than Just Reserves Ore Reserves have grown consistently, with further growth expected 270% increase in Tropicana underground Ore Reserves1,2 including production of 490koz of gold since 20203 1,200 1,000 490 Reserves (koz Au) 800 600 Boston Shaker 307 400 Maiden Reser
Slide 18: Havana Underground – Demonstrated Underground Growth
Havana Underground – Demonstrated Underground Growth Upside potential exists down dip of the currently approved Havana Underground. Additional target areas identified from recent work1: - Cobbler Underground Target Havana UG (approved) - Havana Fault offset Havana UG (conceptual) The Cobbler Undergr
Slide 19: Greenstone Belts - The Longer You Explore, The More You Find
Greenstone Belts - The Longer You Explore, The More You Find Kalgoorlie- Norseman Belt Belt Ounces >90% ownership of Laverton Belt 160Moz entire belts 40Moz Yilgarn Craton Leonora -Wiluna Murchison Belt 32Moz 32Moz Albany Fraser Southern Archean Belt Cross 15Moz (Tropicana) ~10Moz ~10Moz Duketon Bel
Slide 20: McPhillamys
McPhillamys 2.7Moz Resource - One of Australia's largest undeveloped open pit gold projects FY25 Guidance Group 2.7 Moz Resource McPhillamys (US$M) Under review McPhillamys • Section 10 Declared. Project re-set The McPhillamys1 Project scope included: • ~7.0Mtpa mill processing 60.6Mt over a ~10-yea
Slide 21: McPhillamys - Section 10 Declaration
McPhillamys - Section 10 Declaration On 16 August, 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 alternative
Slide 22: Outlook
Outlook 22
Slide 23: FY25 Guidance
FY25 Guidance A continued focus on delivering profitable ounces and building cash balance FY25 Guidance Duketon Tropicana (30%) Group Production (koz) 220 – 240 130 – 140 350 – 380 Stockpile draw continues in FY25 AISC (US$/oz) 1,700 - 1,9041 1,564 - 1,7682 1,659 - 1,8633 Group AISC includes ~US$100
Slide 24: A Golden Opportunity
A Golden Opportunity Regis generates cash and delivering value growth Unhedged and Generating Cash ✓ FY24 – Delivered a year end record cash and bullion balance of US$201M ✓ Cash generating capacity demonstrated since the close of the hedge book, with the delivery of US$95M in H2FY24 ✓ FY25 - contin
Slide 25: Further information Investor Relations
Further information Investor Relations + 61 8 9442 2200
Slide 26: Reserve Table
Reserve Table Group Ore Reserve Table - Regis attributable1 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
Slide 27: Resource Table
Resource Table Group Mineral Resource Table — Regis attributable, inclusive of Ore Reserves’ Measured Indicated Inferred Total Resource i i Cut-Off Gold Gold Gold Gold Gold Gold Gold Gold pacha ee uLS (e/t) = Grade Metal = Grade Metal =) Grade Metal = Grade Metal (g/t) (koz) (g/t) (koz) {e/t) (oz) (