Regis Resources Limited · ASX:RRL
Regis Resources — Shareholder Meeting (November 2022)
17 slides from Regis Resources's shareholder meeting presentation, Nov 24, 2022
Slide 1: A Future With Growth Targeting: 2022 Annual General Meeting
A FUTURE WITH GROWTH TARGETING: 1 2022 Annual General Meeting Jim Beyer – Managing Director and CEO 24 November ASX:RRL
Slide 2: Acknowledgement of Country
2 ACKNOWLEDGEMENT OF COUNTRY The Board, Executive and Team at Regis Resources acknowledges the Mantjintjarra Ngalia, Noongar, Spinifex and Wongatha people in Western Australia, and the Wiradjuri people in New South Wales as the Traditional Owners of the lands on which our Company currently operates
Slide 3: Cautionary Statement
3 CAUTIONARY 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 The Company confirms that it is not aware of any new information or data that materiall
Slide 4: A Future of Growth in Tier 1 Locations
4 A FUTURE OF GROWTH IN TIER 1 LOCATIONS Strong platform to launch disciplined growth DUKETON: ✓ Stabilised operational performance MCPHILLAMYS: ✓ Substantial growth potential from Underground mines ✓ One of Australia’s largest undeveloped open-pittable gold deposits ✓ Major step forward with referr
Slide 5: FY22 Financial Highlights
5 FY22 FINANCIAL HIGHLIGHTS Year A year ofof consolidation consolidation that delivered record gold production Record gold production 437koz Cash flow from operating activities $347M (4th largest producer on the ASX) AISC $1,556/oz Cash and Bullion $231M1 (AISC Margin $756/oz) (net debt of $69M) EBI
Slide 6: FY22 Maintaining Our License to Operate
6 FY22 MAINTAINING OUR LICENSE TO OPERATE Year on year progress in ESG performance 22% Female employees 36% reduction in abstracted - 40% female Board members groundwater - Above industry average - Total abstracted groundwater of 2.7GL Net Zero by 2050 - Targets and plans for step change Group LTIFR
Slide 7: Investing in the Future
7 INVESTING IN THE FUTURE Capital investment is positioning the company for strategic and disciplined growth Movement in Cash and Bullion on Hand ($M)1 250 Investment in future growth (67) (46) (56) 269 231 (96) (22) - - - - - - June 2021 Underlying cash Havana Cutback Garden Well Exploration & MCP
Slide 8: FY22 Investing for Near Term Growth (Duketon)
8 FY22 INVESTING FOR NEAR TERM GROWTH (DUKETON) >$160M invested into key growth assets $46M invested at Garden Well South UG Main pump station commissioned Primary ventilation commissioned First ore delivered to the mill in H1 FY23 First stope blast fired in November 2022 8 Level Underground Pump St
Slide 9: FY22 Investing for Near Term Growth (Tropicana)
9 FY22 INVESTING FOR NEAR TERM GROWTH (TROPICANA) >$160M invested into key growth assets $67M invested in FY22 at the Havana Cutback First ore delivered to the mill in H1 FY23 Accessing >135koz* over the next 5 years Havana Pit February 2021 Havana Pit September 2022 * 30% of total ounces accessed i
Slide 10: FY22 Investing for Increased Life (Resources)
10 FY22 INVESTING FOR INCREASED LIFE (RESOURCES) >$160M invested into key growth assets $37M spent proving near term and exploring for long term Duketon historical discovery cost since start up: ~$20 per ounce of Resource ~$50 per ounce of Reserve Maverick drilling on magnetics Boston Shaker – exten
Slide 11: FY22 Progressing McPhillamys – Long Life Mine
11 FY22 PROGRESSING MCPHILLAMYS – LONG LIFE MINE One of Australia’s largest undeveloped open pit gold deposits Tier 1 project in Tier 1 location producing up to 200koz/yr over 10+ years Life-of- mine 10+ years MAJOR step forward as the project is referred to NSW Independent Planning Commission (IPC)
Slide 12: Growth Outlook from Investments
12 GROWTH OUTLOOK FROM INVESTMENTS A business with scale and multiple organic growth options Group Production Targets (koz) Targeting 500koz per year by FY25 500+ 500+ 450-500 450-500 2 currently operating, reliable cash generating pillars 437 Duketon up to ~350koz per year 373 Tropicana up to ~150k
Slide 13: The Investment Case
13 THE INVESTMENT CASE The Regis recipe for outperformance Strong financial platform Generate robust operating cash flows Long Reserve life with a production growth profile Exclusively in Tier 1 locations Progressive and measured approach to ESG Returning to consistent plan delivery In Pro
Slide 14: Further information: Ben Goldbloom, Head of Investor Relations
14 Further information: Ben Goldbloom| Head of Investor Relations + 61 8 9442 2200
Slide 15: Appendix - FY23 Production Guidance
15 APPENDIX - FY23 PRODUCTION GUIDANCE Building to a 500koz producer In the closing stages of a transitional and re-capitalisation period Operation Duketon Tropicana (30%) Group LTIFR reduced from 4.7 to 0.6 in the last 3 years Production (koz) 320 - 355 130 - 145 450 - 500 Invested capital and impr
Slide 16: Appendix – Reserve Table
16 APPENDIX – RESERVE TABLE ORE RESERVES as at 31 December 2021 (Regis Attributable) Gold Proved Probable Total Ore Reserve Competent Person3 Cut-Off Tonnes Gold Grade Gold Metal Tonnes Gold Grade Gold Metal Tonnes Gold Grade Gold Metal Project 1 Equity Type (g/t)2 (Mt) (g/t) (koz) (Mt) (g/t) (koz)
Slide 17: Appendix – Resource Table
17 APPENDIX – RESOURCE TABLE MINERAL RESOURCES as at 31 December 2021 (Regis Attributable) Gold Measured Indicated Inferred Total Resource Competent Person2 Cut-Off Tonnes Gold Grade Gold Metal Tonnes Gold Grade Gold Metal Tonnes Gold Grade Gold Metal Tonnes Gold Grade Gold Metal Project1 Equity Typ
Regis Resources — Shareholder Meeting (November 2022) on 6ix