Regis Resources Limited · ASX:RRL
Regis Resources — Diggers & Dealers 2013
22 slides from Regis Resources's conference presentation, Aug 6, 2013
Slide 1: Building a Quality Australian Gold Business
For personal use only BUILDING A QUALITY AUSTRALIAN GOLD BUSINESS MARK CLARK MANAGING DIRECTOR AUGUST 2013
Slide 2: Disclaimer & Competent Person Statement
DISCLAIMER & COMPETENT PERSON STATEMENT For personal use only This presentation contains only a brief overview of Regis Resources Limited and its associated entities (“Regis or RRL") and their respective activities and operations. The contents of this presentation, including matters relating to the
Slide 3: Purely Australian Gold Miner
PURELY AUSTRALIAN GOLD MINER For personal use only • Projects 100% Regis owned • 10.6Moz of resources1 • 3.0Moz of reserves1 • 2 operating mines • 1 development project • 300kozpa ramping to >400koz • Strong growth pipeline • Exclusively in Australia – low political risk Note 1 – full breakdown of t
Slide 4: Corporate Overview
CORPORATE OVERVIEW For personal use only Corporate Information Share Price & Volume ASX Code RRL ASX 7.00Code RRL 6 Volume (Millions) 6.00 5 Shares 496m Shares 5.00 451m 4 Share Price 4.00 3 Last price $3.52 Last price 3.00 $4.01 2 2.00 Market capitalisation $1.74bn Market capitalisation 1.00 $1.76b
Slide 5: Balance Sheet
BALANCE SHEET For personal use only Cash Cash & bullion (Jun13) $80.8m Cash-flow (FY 30/6/2013) Operating cashflow $258.2m* ($960/oz) * Inclusive of movement in gold bullion on hand Major cash outlfows (HY ended 31/12/2012) Full repayment of debt $30m GW & Rosemont construction & dev $106m Dividend
Slide 6: Gold Production Outlook
GOLD PRODUCTION OUTLOOK For personal use only 700,000 Gold Production (ounces) 600,000 500,000 400,000 300,000 200,000 100,000 - 2012/13 2013/14 2014/15 2015/16 2016/17 Moolart Well Garden Well Erlistoun - GW displaced tonnes Erlistoun - extra grade Rosemont McPhillamys PROJECT STATUS • Moolart Well
Slide 7: Duketon Gold Project
DUKETON GOLD PROJECT For personal use only 7
Slide 8: Duketon Project Overview
DUKETON PROJECT OVERVIEW For personal use only • 350km north-north east of Kalgoorlie • 100% Regis owned • 236 granted leases • 1,282 km2 of ground • 8.1Moz of resources1 • 3.0Moz of reserves1 Note 1 – full breakdown of these reserves and resources in accordance with JORC is set out in Appendix 1 &
Slide 9: Ore Reserves
ORE RESERVES1 For personal use only Total Forecast LOM MT g/t Koz Opex Status (A$/oz)2 Garden Well 41.7 1.27 1,700 684 Operating Moolart Well - Laterites 6.8 1.31 285 Operating - Oxide 4.2 1.41 191 Operating MW Total 11.0 1.36 476 580 Erlistoun 2.7 2.36 203 608 Mine plan Rosemont 12.0 1.72 664 640 D
Slide 10: June 2013 Quarter
JUNE 2013 QUARTER For personal use only Gold Production Ounces 72,134 Cost per ounce A$668* * Pre royalties Gold Sales Ounces 76,313 Sale price A$1,563 Cashflow from Operations Operating cashflow A$63.5m 10
Slide 11: Moolart Well
MOOLART WELL For personal use only • Plant commissioned August 2010 Stage Producing • Jun13 quarter 26,031 oz at A$580/oz1 Mine type Open pit • Mill throughput >25% above design • ≈ 1yr ore supply grade controlled in pit Mineralisation Laterite & oxide • Negligible ongoing capex Plant type Crush, gr
Slide 12: Garden Well
GARDEN WELL For personal use only • 30km south of Moolart Well Stage Production • Virgin discovery by Regis in late 2009 Mine type Open pit • Still exploring at depth Mineralisation Mixed ultramafic- • Plant commissioned in Sept 12 quarter sediment shear • Capex $112m for 4mtpa plant Plant type Crus
Slide 13: Rosemont
ROSEMONT For personal use only • Project development - crush & grind at pit and Stage DFS pump ore slurry to Garden Well (9km) • Stage 1 underway (1.5mtpa capacity) Mine type Open pit • Construction budget ≈ A$50m (spent $27m) Mineralisation Quartz hosted • Prodn late Sept13 qtr, 80kozpa stockwork
Slide 14: Regional Exploration
REGIONAL EXPLORATION For personal use only • MW & GW - gold mineralisation under paleochannel cover • Testing theory regionally • Targeting areas: • Max 30m of paleochannel cover • No previous effective drilling Scope for further discovery ► value - 3 mills in district 14
Slide 15: McPhillamys Gold Project
MCPHILLAMYS GOLD PROJECT For personal use only • Acquisition completed Nov12 • 250km west of Sydney • 35km from each of Orange & Bathurst • 3 granted leases • 420 km2 of ELs • Project covered by freehold farmland (some to be acquired by Regis) • 2.5Moz of resources 15
Slide 16: Geology & Resource
GEOLOGY & RESOURCE For personal use only • Resource hosted in dacite rich volcanaclastics • Mineralisation defined to > 600m below surface • Past drilling mainly focussed on defining a bulk underground position • Open pit resource drilled 100 x 100m • Needed infill for Indicated Resource • 22,000m o
Slide 17: Pre-Feasibility Focus
PRE-FEASIBILITY FOCUS For personal use only • Drilling and resource/reserve estimation • Metallurgical testing • Complete testing to DFS level • Investigate flow sheet options to improve base case recovery of 85% • Investigate water and power options • Start licensing process • Land acquisitions 17
Slide 18: Target Development Timeline
TARGET DEVELOPMENT TIMELINE For personal use only 2013 2014 2015 2016 2017 Resource drill-out and reserve estimation Pre-feasibility studies & other logistics DFS Construction & development Gold production 18
Slide 19: Target Project
TARGET PROJECT For personal use only • Open pit mining • Carbon in Leach processing (as per Duketon) • Circa 4 million tonnes per annum plant • 140 – 160kozpa gold production over a minimum 10 year mine life • Target capex – Regis norm +/- 15% • Target 2nd quartile cash costs McPhillamys is an excel
Slide 20: Regis in Summary
REGIS IN SUMMARY For personal use only 700,000 Gold Production (ounces) 600,000 500,000 400,000 300,000 200,000 100,000 - 2012/13 2013/14 2014/15 2015/16 2016/17 Moolart Well Garden Well Erlistoun - GW displaced tonnes Erlistoun - extra grade Rosemont McPhillamys • Current business generating strong
Slide 21: Appendix: JORC Reserves
APPENDIX 1 JORC RESERVES For personal use only Proven Probable Total Cut-off Project grade gold grade gold grade gold Grade MT MT MT g/t koz g/t koz g/t koz g/t Garden Well 41.7 1.27 1,700 41.7 1.27 1,700 0.60 Moolart Well Laterite 6.1 1.35 263 0.7 0.98 22 6.8 1.31 285 0.50 Oxide, trans & 0.40/ fres
Slide 22: Appendix: JORC Resources
APPENDIX 2 JORC RESOURCES For personal use only Measured Indicated Inferred Total Resources Cut- off Project gold gold gold gold MT g/t MT g/t MT g/t MT g/t Grade koz koz koz koz g/t Moolart Well Laterite 6.4 1.35 279 1.0 0.90 29 0.3 0.88 8 7.7 1.28 316 0.50 Oxide/trans 1.1 1.30 48 15.3 0.96 476 23.