Regis Resources Limited · ASX:RRL
Regis Resources — Q4 FY2018 Earnings Presentation
25 slides from Regis Resources's earnings presentation, Jul 31, 2018
Slide 1: Regis Resources June 2018 Quarterly Report & Exploration Update
1 REGIS RESOURCES LTD JUNE 2018 QUARTERLY REPORT & EXPLORATION UPDATE
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 operations. The contents of this presentation, including matters relating to the geology of Regis’
Slide 3: Review of FY2018 Q4 Operations
REVIEW OF FY2018 Q4 OPERATIONS 33 DUKETON CONTINUES TO DELIVER STRONG CASHFLOW Q4 Q3 OPERATIONS FY18 FY18 Q4 gold production 92,008 ounces, up 8% on Q3 Ore mined (Mbcm) 0.9 1.0 FY18 production 361,373 oz (top end of guidance) Throughput, grade & recovery all in line or up on Q3 Waste mined (Mb
Slide 4: Duketon
3.5mt 3.0mt 140 3.0mt ert ~ 1.20 2.5mt r 1.00 2.0mt 2.0mt 0.80 15mt 15mt 4 0.60 1.0mt 1.0mt 0.40 o.Smt Set | 0.20 4 A 4 4 3 » S Po es eu eo gy oe el re “ e ¥ FF KF SF F rr FF FF TF KF KF SF ll Tonnes mined Strip ratio (w:0) EE Dry tonnes milled Head grade (g/t) 97.0% 100koz 1,200 1,000 95.0% | ” 75k
Slide 5: FY2018 Q4 Operating Results
FY2018 Q4 OPERATING RESULTS 55 Duketon Northern Duketon Southern Operations Operations Total Q4 Q3 Q4 Q3 Q4 Q3 Ore mined (Mbcm ) 0.2 0.4 0.7 0.6 0.9 1.0 Waste mined (Mbcm) 1.3 1.3 4.7 3.5 6.1 4.8 Stripping ratio (w:o) 7.4 3.1 6.9 5.6 7.0 4.6 Ore mined (Mtonnes) 0.3 0.8 1.8 1.6 2.1 2.4 Ore milled (Mt
Slide 6: FY2018 Q4 Operating Results
FY2018 Q4 OPERATING RESULTS 66 Duketon Northern Duketon Southern Operations Operations Total Q4 Q3 Q4 Q3 Q4 Q3 Ore mined (Mbcm ) 0.2 0.4 0.7 0.6 0.9 1.0 Waste mined (Mbcm) 1.3 1.3 4.7 3.5 6.1 4.8 Stripping ratio (w:o) 7.4 3.1 6.9 5.6 7.0 4.6 Ore mined (Mtonnes) 0.3 0.8 1.8 1.6 2.1 2.4 Ore milled (Mt
Slide 7: FY2018 Q4 Operating Results
FY2018 Q4 OPERATING RESULTS 77 Duketon Northern Duketon Southern Operations Operations Total Q4 Q3 Q4 Q3 Q4 Q3 Ore mined (Mbcm ) 0.2 0.4 0.7 0.6 0.9 1.0 Waste mined (Mbcm) 1.3 1.3 4.7 3.5 6.1 4.8 Stripping ratio (w:o) 7.4 3.1 6.9 5.6 7.0 4.6 Ore mined (Mtonnes) 0.3 0.8 1.8 1.6 2.1 2.4 Ore milled (Mt
Slide 8: Cashflow Waterfall
88 CASHFLOW WATERFALL Record quarterly cash-flow from operations of $85.3m (Q3: $71.0m) 7koz higher gold production at higher delivered gold price of $1,731/oz in Q4 (Q3: $1,688/oz) Effective cash build of $42.4m (Q3: $37.5m) after land purchases for McPhillamys End of quarter cash and bullion pos
Slide 9: Operations Outlook
99 OPERATIONS OUTLOOK FY2019 GUIDANCE Gold production 340,000 – 370,000 ounces Cash costs $880 – $950 per ounce AISC $985 – $1,055 per ounce Growth Capex: $40m Majority of growth capital related to pre production mining of Tooheys Well and other satellite operations FY19 guidance consist
Slide 10: Exploration Update
10 EXPLORATION UPDATE 10 DUKETON - SIGNIFICANT RESULTS IN Q4 Drilled 63,577m (Q3: 61,085m) on 18 gold projects Drilled a remarkable 235,678m in FY18 Rosemont & Garden Well Underground RMT 71 RC & DD holes for 22,907m - strong results GW 15 RC holes for 2,999m - strong results Moolart Well
Slide 11: Rosemont Maiden Underground Resource
ROSEMONT MAIDEN 11 11 UNDERGROUND RESOURCE INFERRED RESOURCES AT 2.0G/T CUT-OFF GRADE Gold Gold Grades encouraging for the U/G mining proposition Tonnes Project Grade Metal Completion of mining study and Board development (Mt) (g/t) (koz) decision expected shortly Rosemont Main 0.4 7.19 102 Ai
Slide 12: Rosemont Underground Project
ROSEMONT UNDERGROUND 12 12 PROJECT
Slide 13: Rosemont Underground Potential for Resource Extension
ROSEMONT UNDERGROUND 13 13 POTENTIAL FOR RESOURCE EXTENSION CONCEPTUAL LONG SECTION EXPLORATION FROM “WITHIN THE DRIVE” Significant opportunity to conduct exploration and resource drilling from a potential underground development between the two zones in the current MRE: Easier to hit targets th
Slide 14: Rosemont Underground Potential for Resource Extension
ROSEMONT UNDERGROUND 14 14 POTENTIAL FOR RESOURCE EXTENSION Resource covers less than 1.3km of 4km strike and max depth of 150m below open pit designs Infill and extensional drilling will continue parallel with and past development decision In other target areas drilling would be best done fro
Slide 15: Rosemont Underground Q4 Drilling – Confirming the Potential
ROSEMONT UNDERGROUND 15 15 Q4 DRILLING – CONFIRMING THE POTENTIAL DRILL RESULTS IN Q4 Gold hosted in a steeply east dipping 345° trending quartz-dolerite unit Gold mineralised quartz-dolerite unit is up to 80m wide. Q4 drilling 71 DD & RC holes for 22,907m Q4 Results (all outside reserves):
Slide 16: Rosemont Underground Q4 Drilling – Confirming the Potential
ROSEMONT UNDERGROUND 16 16 Q4 DRILLING – CONFIRMING THE POTENTIAL DRILL RESULTS IN Q4 Gold hosted in a steeply east dipping 345° trending quartz-dolerite unit Gold mineralised quartz-dolerite unit is up to 80m wide. Q4 drilling 71 DD & RC holes for 22,907m Q4 Results (all outside reserves):
Slide 17: Garden Well Underground Project
GARDEN WELL 17 17 UNDERGROUND PROJECT MULTIPLE HIGH GRADE SHOOTS BELOW GARDEN WELL PIT At least 4 high grade zones below southern end of GW pit Including a new high grade shoot 300m south of the current pit design, 200m below surface and open down plunge
Slide 18: Garden Well Underground Project
GARDEN WELL 18 18 UNDERGROUND PROJECT SIGNIFICANT UNDERGROUND TARGET Very significant underground target below southern end of GW open pit Zone of continuous mineralisation 4-10m true widths & 300m N-S strike 100 – 300m below surface, dipping east and open to south Regis earlier drill result
Slide 19: Garden Well Underground Project: Significant Q4 Results
GARDEN WELL 19 19 UNDERGROUND PROJECT SIGNIFICANT Q4 RESULTS Programme continued in Q4 with 15 holes completed for 2,999 metres. Significant results during the quarter include: 11m @ 6.06 g/t Au from 340m 8m @ 5.52 g/t Au from 342m 9m @ 3.42 g/t Au from 358m 3m @ 7.82 g/t Au from 220m
Slide 20: McPhillamys (NSW)
20 McPHILLAMYS (NSW) 20 ORGANIC GROWTH PROJECT Located in Central-West NSW Well established gold mining district Cadia, Cowal, Northparkes +45Moz* Gold resource 2.31Moz Gold reserve 2.03 Moz One of Australia’s larger undeveloped open pit opportunities PFS completed showing high quality
Slide 21: McPhillamys EIS and DFS Update
21 McPHILLAMYS 21 EIS AND DFS UPDATE EIS – work continuing with most areas nearing completion subject to SEARs requirements PEA formally submitted to DPE: Triggers DPE to provide Regis with SEARs SEARs allow EIS to be appropriately focussed to enable regulatory assessment Completion of EIS
Slide 22: McPhillamys: Discovery Ridge
22 McPHILLAMYS 22 DISCOVERY RIDGE EXPECTED TO DELIVER SIGNIFICANT VALUE TO MGP 100% owned Discovery Ridge deposit located 32km away from McPhillamys by major highway MRE of 13.84Mt @ 1.1g/t for 501koz* Remaining results returned from Q3 RC drilling: • 35m @ 2.54g/t Au from 119m • 50.65m @ 2.8g
Slide 23: Recap of Presentation
RECAP OF PRESENTATION 23 23 Q4 gold production 92,008 ounces at AISC of A$982/oz Another very strong operational quarter at the Duketon project FY18 production 361,373 oz at AISC of $901/oz Production at upper end of FY18 guidance & AISC below bottom of guidance Record cash-flow from opera
Slide 24: JORC Compliant Ore Reserve Estimates March 2018
APPENDIX 1 JORC COMPLIANT 24 24 ORE RESERVE ESTIMATES 31 MARCH 2018 Group Ore Reserves as at 31 March 2018 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/t) (koz) (Mt)
Slide 25: JORC Compliant Mineral Resources March 2018
APPENDIX 2 25 25 JORC COMPLIANT MINERAL RESOURCES 31 MARCH 2018 Group Mineral Resources as at 31 March 2018 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 Gold Metal Project Ty