Regis Resources Limited · ASX:RRL
Regis Resources — Shareholder Meeting (November 2005)
33 slides from Regis Resources's shareholder meeting presentation, Nov 25, 2005
Slide 1: Market Update
Market Update AGM Presentation David Walker Managing Director 25 November 2005
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation contains “forward-looking statements”. Such forward-looking statements may include, without limitation: y Estimates of future results of exploration activities; y Estimates of future cash flow; y Estimates of future capital expenditure and resources; y Es
Slide 3: Snapshot
Snapshot Assets - 59%* of major Duketon-Collurabbie province - 1.74 Moz of gold resources (RRL share* 1.0 Moz) - significant nickel potential Financial - Debt free - Significant tax losses Capital Structure - 325.8 m Ordinary Shares - another 266.5m shares to be issued to Newmont (47%) - 96.7 m $0.0
Slide 4: Board and Management
Board and Management ¾ MICHAEL FOLIE (Non Executive Chairman) BE(Civil), DIC, MSc(Econ) PhD, FAICD) Dr Folie has had a distinguished career in the resource sector and is currently Deputy Chairman of InterOil Corporation and a Director of the Australian Research Council and the Institute of Public Af
Slide 5: WA Properties
WA Properties ¾ Duketon JV’s (Regis 59%* and manager, Newmont 41%)* ¾ The major landholding in the Duketon Belt ¾ Laverton Region – 20moz in production ¾ Gold - 1.7Moz in JORC code resources in eight deposits (RRL equity 1.0Moz*) ¾ Nickel – major Collurabbie belt ¾ Copper Well JV (Regis manager, 50%
Slide 6: Duketon Gold Resources (RRL 59%)
Duketon Gold Resources (RRL 59%) ¾ North Laverton Tectonic Zone. ¾ Over 250 granted mineral licences and licence applications ¾ In excess of 2,000 sq km of prospective ground ¾ Area Mined by Ashton Gold in 1990’s ¾ Rosemont discovered in 1996 ¾ Moolart Well discovered in 2001 ¾ Other deposits known
Slide 7: Duketon Gold Resources
Duketon Gold Resources RRL Resources type RRL m cut-off interest tonnes grade koz g/t category source Moolart Well laterite 59% 14.1 1.00 458 0.5 ind+inf RSG Rosemont ox+sulph 59% 14.7 1.72 815 0.5 ind+inf RSG Rosemont Satellites Dogbolter ox+sulph 59% 0.9 2.91 87 1.0 ind+inf NEWM King John ox+sulph
Slide 8: Moolart Well – Lancaster Cross Section
Moolart Well – Lancaster Cross Section Page 8
Slide 9: Moolart Well (59%) – Laterite Zone
Moolart Well (59%) – Laterite Zone ¾ Four kilometre zone of anomalous gold mineralisation ¾ Discovered by Newmont ¾ JORC inferred resource of 14.1 mt at 1.0g/t gold at a 0.5 g/t cut-off for 458,000 ozs, to Dec 2003 ¾ Sample of laterite ore returned +95% gold recovery ¾ high grade laterite zones (>5g
Slide 10: Moolart Well – Lancaster Cross Section
Moolart Well – Lancaster Cross Section Page 10
Slide 11: Moolart Well (59%) – Oxide Zones
Moolart Well (59%) – Oxide Zones ¾ Oxide zones beneath gold laterite cap ¾ Extend over 4-6km strike ¾ 20-75m vertical depth ¾ Several distinct linear zones indicated in drilling ¾ Lancaster zone best defined, Stirling zone recently drilled ¾ Little systematic drilling on northern zones ¾ Appearance
Slide 12: Moolart Well – Oxide and Basement
Moolart Well – Oxide and Basement ¾ Contour of all gold zones below 20mvd ¾ Includes oxide and deeper basement mineralisation ¾ Lancaster and Stirling zones indicated ¾ Third (unnamed) zone to the north ¾ Deep exploration targets identified Page 12
Slide 13: Moolart Well Project - Scoping Study
Moolart Well Project - Scoping Study ¾ Moolart Well Laterite Resource Update ª Golders Associates appointed ª 611 new AC holes, 54 RC holes to be included in Dec 03 resource ª Commence in 2-3 weeks ¾ Metallurgical Testwork ª Recent results reported, +95% recovery for laterite, +95% for saprolite (ox
Slide 14: Duketon Gold – Development Potential
Duketon Gold – Development Potential ¾ Duketon Gold development ª Moolart Well as key central resource (458koz in laterite – review underway) ª 6 satellite pits as contributors – within haulage distance of Moolart ¾ Mining Plan ª Moolart Well high-grade laterite (+3g/t) the key resource SR < 1:1 ª M
Slide 15: WA Properties
WA Properties ¾ Collurabbie Location Page 15
Slide 16: Collurabbie (59% and manager)
Collurabbie (59% and manager)
Slide 17: Olympia Aeromagnetics
Olympia Aeromagnetics Detailed Map Area Trace of sulphide mineralisation lt fa u 10km
Slide 18: Olympia Cross Section
Olympia Cross Section 12.9m @ 1.3%Ni, 1%Cu, 2.3g/t PGM 9.6m @ 0.4%Ni, 0.2%Cu, 0.5g/t Pt+Pd 5.8m @ 3%Ni, 2%Cu, 5.3g/t PGM 2.2m @ 0.3%Ni, 2%Cu, 0.5g/t Pt+Pd
Slide 19: Raglan District Aeromagnetics
Raglan District Aeromagnetics Raglan C2 Delta East Lake Katinniq Donaldson Raglan Zone 2 Raglan Zone 3 RAGLAN Mesamax TREND SOUTH TREND Cross Lake Expo-Ungava
Slide 20: Raglan District - Deposits
Raglan District - Deposits Owner Deposits Size Grade Status Falconbridge Donaldson, Reserve: 17.7mt 2.86%Ni & 0.78%Cu In production since Boundary, West Resource: 7.2mt 2.57%Ni & 0.81%Cu April 1998. Boundary, 13-14, 5- Exploration 8, Katinniq, 2-3, continuing. East Lake & Cross Lake Canadian Royalti
Slide 21: Ground TEM Survey Area
Ground TEM Survey Area Detailed Map Area 10km 2 km
Slide 22: TEM Survey Progress (31 Oct 2005)
TEM Survey Progress (31 Oct 2005) Zeus Olympia Naxos Rhodes Leros Beltra Trusk Herman’s Mulla Planned Traverse Completed Traverse Nickel Prospect
Slide 23: Model TEM Profile (B Field)
COLLURABIE - 7010000N Model TEM Profile (B Field) : 422000 Station (metres) 100 (y/1d) esuodsey Wa
Slide 24: Collurabbie Nickel Prospects
Collurabbie Nickel Prospects Prospect Characteristics Beltra 8m at 0.22% Ni and 0.11% Cu in aircore hole Herman’s 8m at 0.58% Ni and 290ppm Cu in aircore hole Trusk 4m at 1.07% Ni and 4m at 1.02% Ni in aircore holes Gidgee Sill 470 - 489ppm Cu and 795 - 800ppm Ni in two holes Fiver (CUS) High copper
Slide 25: Beltra Prospect
Beltra Prospect ¾ Discovered from aircore drilling ¾ EM survey to be completed ¾ Infill AC drilling to be completed ¾ Results awaited 8m @ 0.22% Ni and 0.11%Cu RAB/Aircore Geochemistry >2000ppm Ni 750 - 2000ppm Ni 200m <750ppm Ni proposed hole
Slide 26: Trusk Prospect
Trusk Prospect dunite (olivine cumulate) 4m @ 1.02% Ni clinopyroxenite, wehrlite, dunite 4m @ 1.07% Ni arenite chert gabbro, dolerite basalt banded iron formation >2000ppm Ni RAB/Aircore Geochemistry 750 - 2000ppm Ni 200m <750ppm Ni
Slide 27: Collurabbie – Geochemical Drilling
Collurabbie – Geochemical Drilling
Slide 28: Collurabbie Aircore Drilling
Collurabbie Aircore Drilling Period: July – Sept 2005 Holes: 163 Metres: 9,937 Aircore Hole
Slide 29: Drill Hole Geochemistry – Copper
Drill Hole Geochemistry – Copper 750 to 2000 ppm 500 to 750 ppm 300 to 500 ppm All with Ni>4000 ppm Beltra Prospect Fiver Prospect Herman’s Prospect
Slide 30: Drill Hole Geochemistry - Platinum
Drill Hole Geochemistry - Platinum 15 to 18ppb 10 to 15ppb 1 to 10ppb
Slide 31: Eastern Ultramafic Zone (EUZ)
Eastern Ultramafic Zone (EUZ) Re-logged Holes ¾ Only reconnaissance work completed to date ¾ Major program proposed for 2006
Slide 32: Duketon Belt – Ni targets
Duketon Belt – Ni targets Maxwell Nickel Prospect Sandman Gilga Sandman Kintyre Ironstone developed over ultramafic rock 10km
Slide 33: Summary
Summary ¾ Gold ª Gold development centred on Moolart Well being evaluated ª If positive, six satellite deposits could be developed and trucked ª Scoping study continuing ª Resource upgrade expected in next 8 weeks ª Existing 1.7moz resource base ¾ Nickel ª EM surveying of Western zone almost complet
Regis Resources — Shareholder Meeting (November 2005) on 6ix