Regis Resources Limited · ASX:RRL

Regis Resources — Q3 FY2016 Earnings Presentation

32 slides from Regis Resources's earnings presentation, Apr 15, 2016

  1. Slide 1: March 2016 Quarterly Report & Exploration Update

    For personal use only 1 1 REGIS RESOURCES LTD MARCH 2016 QUARTERLY REPORT & EXPLORATION UPDATE

  2. Slide 2: Disclaimer & Competent Persons Statement

    DISCLAIMER & COMPETENT PERSONS 22 STATEMENT This presentation contains only a brief overview of Regis Resources Limited and its associated entities (“Regis or RRL") and their respective activities and For personal use only operations. The contents of this presentation, including matters relating to

  3. Slide 3: Review of FY2016 Q3 Operations

    REVIEW OF FY2016 Q3 OPERATIONS For personal use only 3 3 PRODUCTION AT UPPER END OF GUIDANCE & DELIVERING STRONG CASHFLOW Q3 Q2 OPERATIONS  Q3 production 75,656 ounces Ore mined (Mbcm) 1.13 1.13  Run rate at upper end of FY2016 guidance of 275-305koz  Fourth consecutive quarter of production abov

  4. Slide 4: Duketon Operations

    For personal use only DUKETON OPERATIONS 4 4

  5. Slide 5: FY2016 Q3 Operating Results

    FY2016 Q3 OPERATING RESULTS For personal use only 5 5 Moolart Rosemont Garden Total Well Well Ore mined (bcm ) 389,935 245,201 498,053 1,133,189 Waste mined (bcm) 1,435,242 2,361,741 1,569,359 5,366,342 Stripping ratio (w:o) 3.7 9.6 3.2 4.7 Ore mined (tonnes) 786,985 612,198 1,220,373 2,619,556 Ore

  6. Slide 6: FY2016 Q3 Operating Results – Moolart Well

    FY2016 Q3 OPERATING RESULTS For personal use only 6 6 Moolart Rosemont Garden Total Well Well Ore mined (bcm ) 389,935 245,201 498,053 1,133,189 Waste mined (bcm) 1,435,242 2,361,741 1,569,359 5,366,342 Stripping ratio (w:o) 3.7 9.6 3.2 4.7 Ore mined (tonnes) 786,985 612,198 1,220,373 2,619,556 Ore

  7. Slide 7: FY2016 Q3 Operating Results – Rosemont

    FY2016 Q3 OPERATING RESULTS For personal use only 7 7 Moolart Rosemont Garden Total Well Well Ore mined (bcm ) 389,935 245,201 498,053 1,133,189 Waste mined (bcm) 1,435,242 2,361,741 1,569,359 5,366,342 Stripping ratio (w:o) 3.7 9.6 3.2 4.7 Ore mined (tonnes) 786,985 612,198 1,220,373 2,619,556 Ore

  8. Slide 8: FY2016 Q3 Operating Results – Garden Well

    FY2016 Q3 OPERATING RESULTS For personal use only 8 8 Moolart Rosemont Garden Total Well Well Ore mined (bcm ) 389,935 245,201 498,053 1,133,189 Waste mined (bcm) 1,435,242 2,361,741 1,569,359 5,366,342 Stripping ratio (w:o) 3.7 9.6 3.2 4.7 Ore mined (tonnes) 786,985 612,198 1,220,373 2,619,556 Ore

  9. Slide 9: Corporate – March 2016 Quarter

    9 CORPORATE 9 MARCH 2016 QUARTER For personal use only  Paid 4cps fully franked interim dividend  $20m cash payment February 2016 (Q2: 6cps, $30m)  $8.2m of income tax paid  $1.4m spent on listed equity investments  Operating cashflow $56.5 million (Q2: $49.8m)  Cash and bullion holdings incre

  10. Slide 10: Duketon Diesel Hedge

    DUKETON DIESEL HEDGE For personal use only 1010 Oil price peaked at US$110/b in 2013 – now around US$40/b Regis base diesel price peaked at A$0.95/litre, trending down since 2014 now around A$0.40/litre  Significant impact on operating unit costs Regis diesel hedge:  Diesel is largest individual c

  11. Slide 11: Cashflow Waterfall

    11 CASHFLOW WATERFALL 11 For personal use only Cash & Gold on Hand - Q3 Movements $180.0m $160.0m $56.5m $140.0m ($20.0m) $120.0m ($6.7m) ($4.8m) ($5.7m) $100.0m ($8.2m) ($1.4m) $106.7m ($1.7m) $98.5m $80.0m $60.0m $40.0m $20.0m - - - - - - - - - Strong cash-flow from operations of $56.5m for Q3 and

  12. Slide 12: Reserve Growth: Maiden Ore Reserves at Gloster and Baneygo

    12 RESERVE GROWTH 12 For personal use only MAIDEN ORE RESERVES AT GLOSTER AND BANEYGO  Q3 estimations added 361,000 ounces to gold reserves at Duketon. Project Tonnes Gold Grade Gold Metal (Mt) (g/t) (koz) Gloster 7.0 1.00 226 Baneygo 3.6 1.16 136  This increase in Duketon gold reserves more than

  13. Slide 13: Gloster: Purchase to Reserve

    13 GLOSTER FAMOUS BLUE GOLD GEOLOGY DEPOSIT 13 For personal use only PURCHASE TO RESERVE Felsic Volcanics M38/1268  Located 26km west of Moolart Well  Purchased for $1.5m + royalty 1km  Mining Licence granted in December 2015  177 RC holes drilled in the Dec15Q for 21,287m  New Resource and Mai

  14. Slide 14: Gloster: Resource Update Complete and Maiden Reserve Estimated

    14 GLOSTER FAMOUS BLUE GOLD GEOLOGY DEPOSIT 14 For personal use only RESOURCE UPDATE COMPLETE AND MAIDEN RESERVE ESTIMATED  Maiden Ore Reserve at Gloster estimated at 7.0Mt at 1.00g/t Au for 226,000 ounces of gold*  Updated JORC Resource of 21.3Mt at 0.77g/t Au for 528,000 ounces of gold*, an incr

  15. Slide 15: Gloster: Moving Towards Production

    15 GLOSTER FAMOUS BLUE GOLD GEOLOGY DEPOSIT 15 For personal use only MOVING TOWARDS PRODUCTION  Mining at Gloster is expected to commence in the Sep 2016 quarter  Simple low strip open cut mining and road haulage operation  70% of reserve within 80m of surface in the oxide  Utilise Moolart team

  16. Slide 16: Baneygo Gold Project: Maiden Reserve

    BANEYGO GOLD PROJECT For personal use only 16 16 MAIDEN RESERVE  Maiden Ore Reserve at Baneygo estimated at 3.6 million tonnes at 1.16g/t Au for 136,000 ounces of gold*  0.4g/t cutoff oxide and transitional, 0.5g/t in fresh  Updated Resource* estimated in January 2016 gave a fivefold increase in

  17. Slide 17: Baneygo: Maiden Reserve

    17 BANEYGO FAMOUS BLUE GOLDGEOLOGY DEPOSIT 17 For personal use only MAIDEN RESERVE  Mining of the Baneygo deposit will be scheduled with other satellite deposits  Simple open cut mining and short road haul  Similar geology and metallurgy as Rosemont  On a granted mining lease  Utilise Garden We

  18. Slide 18: Exploration Update: Significant Results at Duketon

    18 EXPLORATION UPDATE 18 For personal use only SIGNIFICANT RESULTS AT DUKETON IN MAR16Q Completed 30,418m (YTD: 117,517m) of drilling on 8 gold projects  Gloster – 26km W of Moolart Well • Extensional drilling underway  Idaho – 2.2km north of Baneygo • Infill 40x20m RC drilling – significant resul

  19. Slide 19: Rosemont to Baneygo: Regional Scale Opportunity

    19 ROSEMONT TO BANEYGO 19 For personal use only Rosemont REGIONAL SCALE OPPORTUNITY  Rosemont to Baneygo trend 20km  Quartz dolerite host rock at Rosemont continues to Baneygo and beyond to 22m @ 2.6g/t, f 22m the south  Recent RC drilling north of Baneygo King John Garden Well turning up signifi

  20. Slide 20: Idaho Sections: New Gold Discovery

    IDAHO SECTIONS 2020 March 2016Q Results For personal use only NEW GOLD DISCOVERY AT IDAHO  10km south of Rosemont and 2.2km north of Baneygo  No historical resource - new discovery  Significant further gold mineralisation defined Q3 holes  RRIHRC093 33m @ 2.33g/t from 101m  RRIHRC086 12m @ 2.54

  21. Slide 21: Tooheys Well Drill Results

    TOOHEYS WELL DRILL RESULTS For personal use only 2121 A BOLT ON FOR GARDEN WELL  Gold shear zones hosted by chert, shale and BIF  Early shallow AC holes ineffective  2013 RC drilling returned significant gold intercepts on the Western shear  Recent drilling defined a parallel Eastern shear • Eas

  22. Slide 22: Tooheys Well Gold Prospect: Cross Section 09340mN

    TOOHEYS WELL GOLD PROSPECT For personal use only 22 22 DRILLING CROSS SECTION 6909340mN  Steep E dipping high grade gold shear  Chert BIF and shale host rocks  Weathered 80-160m  Significant intercepts  39m @ 2.86g/t from 53m  17m @1.90g/t from 95m  27m @ 2.48g/t from 55m  50m @ 2.75g/t from

  23. Slide 23: Tooheys Well Gold Prospect: Cross Section 09220mN

    TOOHEYS WELL GOLD PROSPECT For personal use only 23 23 DRILLING CROSS SECTION 6909220mN  RRLTWRC079 high grade intercept ended in gold mineralisation  Intercept 72m @ 2.73g/t is mostly in fresh rock confirming high gold grades in fresh rock  Good widths at depth OUTLOOK  Drilling to continue in

  24. Slide 24: View from Tooheys Well Looking North

    VIEW FROM TOOHEYS WELL 24 24 LOOKING NORTH For personal use only

  25. Slide 25: Recap of Presentation

    RECAP OF PRESENTATION For personal use only 25 25  FY2016 Q3 gold production 75,656 ounces at AISC of A$856/oz • Production run rate at upper end of FY16 guidance 275-305koz • AISC below lower end of FY16 guidance of $970-1,070/oz  Consistent production and cost performance at all operations  Ros

  26. Slide 26: Mineral Resource and Ore Reserve Estimates for Gloster and Baneygo

    APPENDIX 1 JORC COMPLIANT MINERAL RESOURCE AND ORE 26 26 RESERVE ESTIMATES FOR GLOSTER AND BANEYGO 1 MARCH 2016 For personal use only Gloster and Baneygo Mineral Resource Estimates as at 1 March 2016 Gold Measured Indicated Inferred Total Resource Gold Gold Gold Gold Gold Gold Gold Gold Competent Cu

  27. Slide 27: JORC Compliant Mineral Resources March 2015

    APPENDIX 2 27 27 JORC COMPLIANT MINERAL RESOURCES 31 MARCH 2015 For personal use only Group Mineral Resources as at 31 March 2015 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

  28. Slide 28: JORC Compliant Ore Reserves March 2015

    APPENDIX 3 28 28 JORC COMPLIANT ORE RESERVES 31 MARCH 2015 For personal use only Group Ore Reserves as at 31 March 2015 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 (Mt) (g/

  29. Slide 29: Monthly Operating and Cost Statistics

    APPENDIX 4 29 29 MONTHLY OPERATING AND COST STATISTICS For personal use only 1. Moolart Well 2. Rosemont 3. Garden Well

  30. Slide 30: Moolart Well

    For personal use only MOOLART WELL 30 30

  31. Slide 31: Rosemont

    For personal use only ROSEMONT 31 31

  32. Slide 32: Garden Well

    For personal use only GARDEN WELL 32 32

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