Regis Resources Limited · ASX:RRL
Regis Resources — Bell Potter Unearthed Conference (February 2024)
29 slides from Regis Resources's conference presentation, Feb 15, 2024
Slide 1: A future with growth
A future with growth For personal use only Corporate Presentation 15 February 2024
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: Exploration Target
Exploration Target Exploration Target at Garden Well (noted on Slide 11) is extracted from ASX release “Mineral Resource and Ore Reserve Statement” dated 20 June 2023. The Exploration Target on the Garden Well underground deposit is based on drilling data up to 30 March 2023. The Exploration Target
Slide 4: Unhedged gold producer with long life assets
Unhedged gold producer with long life assets Darwin Strong platform in a tier 1 location 10+ years McPhillamys • One of Australia’s largest For personal use only Duketon 6+ years NT undeveloped open-pittable gold deposits • Stabilised operational performance • Final key NSW approval QLD • Substantia
Slide 5: ESG highlights
ESG highlights Progressive and measured approach to ESG For personal use only LTIFR Carbon reduction 0.66 Solar farm Female employees Land rehabilitation 21% +270% 9MW solar farm (Duketon) a future with growth 5
Slide 6: Investment highlights
Investment highlights Unhedged producer with improving cash flows and multiple growth options For personal use only High quality portfolio Strong financial platform Organic growth • Targeting 500koz/year • Strong operating cash flows • McPhillamys Project • 100% Australian assets • Net debt of $145M
Slide 7: December FY24 Quarter highlights
December FY24 Quarter highlights Production of 109.2koz @ Hedge book closed out For personal use only AISC of $2,133/oz all production now on guidance unhedged Garden Well Rosemont Tropicana Underground Underground Underground continues to grow continues to grow continues to grow a future with growt
Slide 8: December FY24 Quarter highlights - Cash & Bullion Dec Qtr
December FY24 Quarter highlights- Cash & Bullion Dec Qtr For personal use only a future with growth 8 * at gold price of A$3,100/oz
Slide 9: December FY24 Quarter highlights - Cash & Bullion YTD
December FY24 Quarter highlights- Cash & Bullion YTD For personal use only a future with growth 9 * at gold price of A$3,100/oz
Slide 10: FY24 guidance maintained
FY24 guidance maintained A disciplined production plan For personal use only Operation Duketon Tropicana (30%) Group Focus for profitable ounces Production (koz) 280 – 305 135 – 150 415 – 455 AISC includes $200/oz of non-cash stockpile draw AISC ($/oz) 2,050 - 2,360 1,800 - 2,120 1,995 - 2,315 Mater
Slide 11: Investment phase of producing assets is over
Investment phase of producing assets is over… …transitioning to the cash build phase with accompanying increase in return on investment (ROI) Transition to cash build phase in H2 FY24 For personal use only Completed in the last 6 months Commercial production at Garden Well underground (Duketon) Comm
Slide 12: The pathway to 500koz per year with margin
The pathway to 500koz per year with margin A business with scale and multiple organic growth options Target 500koz For personal use only • Ramp up and optimise undergrounds Duketon • Grow Garden Well Reserve and expand production 200-250#koz • Rolling Reserve replacement • Ramp up Havana open pit an
Slide 13: Growth in underground potential
Growth in underground potential Behaving like the “typical” WA underground and replacing Reserves For personal use only a future with growth 13
Slide 14: Duketon has bright future underground
Duketon has bright future underground 300koz+ producer where the transition underground is showing its potential Garden Well in August 2021 - Then For personal use only Garden Well underground mine Surface drill holes indicated continuity commenced with portal and of mineralisation in the north star
Slide 15: Duketon has bright future underground
Duketon has bright future underground 300koz+ producer where the transition underground is showing its potential Garden Well - Now For personal use only Exploration decline into Exploration Target of 0.8 to 1.3Moz Garden Well Main complete established along with first Resource at the northern end a
Slide 16: Duketon underground Reserve development
Duketon underground Reserve development Behaving like the “typical” WA underground and replacing Reserves For personal use only Stage 3 Target Area South Zone Target Area a future with growth 16
Slide 17: Tropicana – a genuine tier asset
Tropicana – a genuine tier 1 asset Long term mine life with no end in sight For personal use only Havana Tropicana Boston Shaker Strong cash generation over the Havana South life of the mine Mine life targeted to 10+ years Tropicana Underground Underground Reserves outpacing depletion Havana South B
Slide 18: Tropicana – testing the extensions
Tropicana – a genuine tier 1 asset Long term mine life with no end in sight – testing the extensions For personal use only 31m @ 1.8 35m @ 1.6 a future with growth 18
Slide 19: Tropicana – a genuine tier asset
Tropicana – a genuine tier 1 asset Long term mine life with no end in sight For personal use only Feed from undergrounds increasing year on year Mill throughput at 9-10Mtpa at ~3g/t (25% UG, 75% OP) Open pit feed from Havana commenced in FY23 Commenced exploration drive to evaluate at 1.5g/t reducin
Slide 20: Tropicana – a genuine tier asset
Tropicana – a genuine tier 1 asset Long term mine life with no end in sight For personal use only Potential Mineralisation a future with growth 20
Slide 21: McPhillamys – long life mine
McPhillamys – long life mine Top tier project producing up to 200koz per year over 10+years in Australia NSW state IPC determination received in March For personal use only 2023 Expecting response on Federal Section 10 shortly Funding strategy and timing for Final investment decision expected June q
Slide 22: McPhillamys – just the start of the province
McPhillamys – just the start of the province Further drilling could see more ounces added to the future mine plan For personal use only Discovery Ridge has 390koz in Resource Encouraging drill intercepts and with further drilling has the across the road at Kings Plains potential for Reserve addition
Slide 23: A future of growth
A future of growth On greenstone belts the longer you explore the more you find For personal use only 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 15
Slide 24: Duketon regional geology
Duketon regional geology Another highly prospective greenstone belt in the goldfields The Archean Duketon Greenstone belt is a 100 x 50 km geological domain with strong affinities to the highly gold endowed Laverton Greenstone Belt to the For personal use only south Gloster Multiple gold mineralisat
Slide 25: Tropicana regional geology
Tropicana regional geology Another highly prospective greenstone belt in the goldfields Tropicana discovery opened a new greenstone belt For personal use only Tenement package is still relatively underexplored Angel Eyes, Rosetta and Double Vision prospects which are within 10km of the Tropicana Gol
Slide 26: The investment case
The investment case Upcoming catalysts Strong financial platform with robust operating cash flows For personal use only Scale and leverage to gold price Cash flow inflection point hit with hedge book removed Growth project with scale and optionality approaching delivery of feasibility study Exclusiv
Slide 27: Further information
For personal use only Further information Investor Relations + 61 8 9442 2200
Slide 28: Reserve Table
Reserve Table ORE RESERVES as at 31 December 2022 (Regis Attributable) Gold Proved Probable Total Ore Reserve Competent Person 3 Gold Gold Gold Cut-Off Tonnes Gold Metal Tonnes Gold Metal Tonnes Gold Metal Project 1 Equity Type Grade Grade Grade (g/t)2 (Mt) (koz) (Mt) (koz) (Mt) (koz) For personal u
Slide 29: Resource Table
Resource Table MINERAL RESOURCES as at 31 December 2022 (Regis Attributable) 2 Gold Measured Indicated Inferred Total Resource Competent Person Gold Gold Gold Gold Gold Gold Gold Gold 1 Cut-Off Tonnes Tonnes Tonnes Tonnes Project Equity Type Grade Metal Grade Metal Grade Metal Grade Metal (g/t) (Mt)
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