Regis Resources Limited · ASX:RRL
Regis Resources — Shareholder Meeting (November 2024)
28 slides from Regis Resources's shareholder meeting presentation, Nov 21, 2024
Slide 1: FY24 Annual General Meeting
For personal use only FY24 Annual General Meeting 21 November 2024 ASX : RRL
Slide 2: Acknowledgement of Country
Acknowledgement of Country For personal use only The Board, Executive and Team at Regis Resources acknowledges the First Nations peoples - the Mantjintjarra Ngalia, Noongar, Spinifex and Wongatha peoples in Western Australia, and the Wiradjuri people in New South Wales - as the original inhabitants
Slide 3: 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 4: Production Target and Exploration Targets
Production Target Exploration Targets (cont.) Relevant Proportions Underpinning the Production Target Exploration Target at Rosemont (noted on Slide 13) is extracted from ASX release “Development Approval For Two Regis has outlined a consolidated gold Production Target of between 100koz and 120koz f
Slide 5: FY24. Delivering - Safely And Responsibly
FY24. Delivering - Safely And Responsibly In FY24 we delivered meaningful ESG outcomes ‘ For personal use only 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
Slide 6: FY24. Delivering - Safely And Responsibly
FY24. Delivering - Safely And Responsibly We delivered on our strategic objectives, including strong profitability and cash generation • Met FY24 production and AISC guidance – Record cash and bullion $295M1 For personal use only despite severe wet weather events • Grew underground Reserves for a 3r
Slide 7: Delivering Consistency in Cash and Bullion Build
Delivering Consistency in Cash and Bullion Build Regis is net cash and bullion positive. Solid fundamentals are delivering into record gold prices. +$85M Delivering $225M cash since Dec 2023 For personal use only Hedge buyout $380M +$109M1 $295M +$31M $186M $155M Dec-23 Mar-24 Jun-24 Sep-24 7 1. Inc
Slide 8: Our Strategic Delivery
For personal use only Our Strategic Delivery 8
Slide 9: The Future Of Our Current Producing Assets
The Future Of Our Current Producing Assets A business with scale and multiple organic growth options We continue to focus on producing sustainable and profitable ounces from our current assets For personal use only Sustainable delivery FY25 to FY27 into FY28 • Ramp up third underground mine (Garden
Slide 10: Duketon
Duketon Moolart Well 2.5Mtpa (C&M) FY25 Guidance Duketon For personal use only Production (koz) 220 – 240 100km AISC ($/oz) 2,500 - 2,8001 Garden Well Growth Capital ($M) 110 – 120 5Mtpa Rosemont 2.5Mtpa Duketon Infrastructure: • A dominant ~3,000km2 land package. • 7.5Mtpa of mill capacity at Duket
Slide 11: Duketon Underground - Building Capacity And Sustainability
Duketon Underground - Building Capacity And Sustainability Two operating mines with Ore Reserves have grown consistently with more expected consistent Reserves growth Major Rosemont South Pit ~380% increase in underground Ore Reserves1 at Duketon including production of 256koz of gold between 2019 a
Slide 12: A 3rd Underground Mine - Garden Well Main
A 3rd Underground Mine - Garden Well Main Garden Well Main will contribute significant additional production towards our target For personal use only Exploration target area ` Production Target1: 60koz - 70koz pa Exploration Target remains Mining Inventory: 295koz of gold2 from 36% Ore Reserves, 24%
Slide 13: Could Ben Hur Be Our 4th Underground Mine?
Could Ben Hur Be Our 4th Underground Mine……? Ben Hur Exploration Target outlines what could become our next underground mine For personal use only Exploration Target area Exploration Target1: Tonnage: 4.0Mt - 6.0Mt Grade: 2.2g/t - 2.8g/t Contained gold: 300koz – 550koz 1. See ASX release titled “Und
Slide 14: After Ben Hur, Other Underground Growth Opportunities
…After Ben Hur, We Have Other Underground Growth Opportunities. Other potential underground targets that could deliver additional gold production For personal use only Good visibility on operating at least four underground mines at Duketon, producing 200koz – 250koz of gold in the future. 14
Slide 15: Tropicana
Tropicana Tropicana ~9.4Mtpa FY25 Guidance Tropicana For personal use only Production (koz) 130 – 140 130km AISC ($/oz) 2,300 - 2,6001 Growth Capital ($M) 10 – 15 Tropicana Infrastructure: • ~2,600km2 of exploration tenements in the Albany Fraser belt. • ~9.4Mtpa milling capacity. • Production from
Slide 16: Tropicana Underground - More Value Than Just Reserves
Tropicana Underground - More Value Than Just Reserves Ore Reserves have grown consistently, with further growth expected 270% increase in Tropicana underground Ore Reserves1,2 including only production of 490koz of gold since 20203 1,200 use 1,000 personal 490 (koz Au) 800 ForReserves 600 Boston Sha
Slide 17: Boston Shaker and Tropicana Underground growth potential
Boston Shaker and Tropicana Underground growth potential • Upside potential exists down plunge of both Boston Shaker and Tropicana Underground. For personal use only • Drilling at Boston shaker has intercepted mineralisation ~850m below the limit of known mineralisation - 35m @ 1.6 g/t - 26m @ 2.7 g
Slide 18: Havana Underground – Demonstrated Underground Growth
Havana Underground – Demonstrated Underground Growth • Upside potential exists down dip of the currently approved Havana Underground. For personal use only • Additional target areas identified from recent work1: - Cobbler Underground Target Havana South UG Havana UG (conceptual) (approved) - Havana
Slide 19: McPhillamys
McPhillamys 2.7Moz Resource - One of Australia's largest undeveloped open pit gold projects For personal use only The McPhillamys1,2 Project scope included: • ~7.0Mtpa mill processing 60.6Mt over a ~10-year mine-life • Produce an average of 187koz gold and a peak of 235koz. • Capital expenditure of
Slide 20: McPhillamys - Section Declaration
McPhillamys - Section 10 Declaration On 16 August 2024, a Section 10 (ATSIHP Act 1984) was declared over a portion of the site that covers the approved TSF site. What it means: For personal use only • Project is currently unviable as Regis has no immediately available viable alternate TSF location.
Slide 21: Greenfields Exploration – Still a Key Activity
Greenfields Exploration – Still a Key Activity 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 Murchison -Wiluna 35Moz Belt 32Moz Albany Fraser So
Slide 22: Outlook
For personal use only Outlook 22
Slide 23: FY25 Guidance
FY25 Guidance A continued focus on delivering profitable ounces and building cash balance For personal use only FY25 Guidance Duketon Tropicana (30%) Group Production (koz) 220 – 240 130 – 140 350 – 380 Stockpile draw continues in FY25 AISC ($/oz) 2,500 - 2,8001 2,300 - 2,6002 2,440 - 2,7403 Group A
Slide 24: Regis Resources - A Golden Opportunity
Regis Resources - A Golden Opportunity Unhedged and continues to generate cash, holding a Q1 FY25 cash and bullion balance of $380M ✓ Regis is $80M net cash and bullion positive. For personal use only ✓ Clear cash generating capacity since closing the hedge book, delivering $225M since Dec 2023 ✓ FY
Slide 25: Questions
For personal use only Questions 25
Slide 26: Further information
For personal use only Further information Investor Relations + 61 8 9442 2200
Slide 27: 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) For personal use only Duketon No
Slide 28: Resource Table
For personal use only Resource Table 28
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