Regis Resources Limited · ASX:RRL

Regis Resources — Shareholder Meeting (November 2011)

35 slides from Regis Resources's shareholder meeting presentation, Nov 28, 2011

  1. Slide 1: Building a quality gold business

    11/27/2011 For personal use only Building a quality gold business Annual General Meeting 28 November 2011 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 pres

  2. Slide 2: Year highlights and share price performance

    11/27/2011 For personal use only  Moolart Well now a gold mine  Business generating strong cashflow  Resources increased from 4.8Moz to 6.5Moz  Reserves increased from 0.8Moz to 2.9Moz  Garden Well DFS completed – high quality project  Garden Well in construction – Sept12 quarter start  Devel

  3. Slide 3: For personal use only

    For personal use only 5 3 11/27/2011

  4. Slide 4: Project overview and location

    11/27/2011 For personal use only  Located 350km north‐ north east of Kalgoorlie  100% Regis owned 7  387 granted leases  2,030km2 of ground  6.5 Moz resources1  2.9 Moz reserves1 Note 1 – full breakdown of these reserves and resources in accordance with JORC is set out in Appendix 1 & 2 to thi

  5. Slide 5: Reserves by project and peer comparison

    11/27/2011 For personal use only Total MT g/t Koz Garden Well 35.3 1.46 1,660 Moolart Well - Laterites 8.8 1.30 367 - Oxide 2.6 1.82 153 MW Total 11.4 1.42 520 Erlistoun 2.7 2.36 203 Rosemont 8.7 1.73 487 Total 58.1 1.54 2,870 9 Note 1 – full breakdown of the reserves in this table in accordance wit

  6. Slide 6: Moolart Well geology

    11/27/2011 For personal use only 11  Transported cover of approx 5m.  Laterite ore zone averages 4m (max 20m).  Oxide mineralisation from base of laterite to base of oxidation (averages 70m). 12 6

  7. Slide 7: For personal use only

    For personal use only 13 14 7 11/27/2011

  8. Slide 8: Moolart Well quarterly production

    11/27/2011 For personal use only 15 Sept 2011 Jun 2011 Mar 2011 Quarter Quarter Quarter Ore mined (tonnes) 657,919 619,239 598,048 Ore milled (tonnes) 636,812 636,058 580,495 Grade (g/t) 1.40 1.44 1.28 Recovery (%) 92 89 92 Production (oz) 26,477 26,189 22,005 Cash cost (A$/oz) 487 525 545 Cash cost

  9. Slide 9: For personal use only

    For personal use only 9 11/27/2011

  10. Slide 10: For personal use only

    For personal use only 10 11/27/2011

  11. Slide 11: For personal use only

    For personal use only 11 11/27/2011

  12. Slide 12: For personal use only

    For personal use only 12 11/27/2011

  13. Slide 13: For personal use only

    For personal use only 25 13 11/27/2011

  14. Slide 14: Financial position

    11/27/2011 For personal use only 27 Cash  $42.5m at 30 Sept 11  A$24.4m operating cash‐flow in Q1 2012 Profit  $36.3m NPAT for 2011 (10 months of operations) Debt  Facility of $60m ‐ drawn to A$30m  $30m available for Garden Well development Hedging  199koz of hedging (8% of reserves)  119koz

  15. Slide 15: Reserve growth goal and strategy

    11/27/2011 For personal use only 29 Goal  Build reserves beyond 3 million ounces Strategy  Depth and southern strike at Garden Well  Moolart Well oxides  Resource conversion drilling  Optimisation of current reserves  Prioritise and drill satellite resources  Drill new prospects & regional ex

  16. Slide 16: Regional satellite deposits

    11/27/2011 For personal use only 6 regional satellite deposits (excluding MW, GW, Erlistoun & Rosemont) Resources of 315koz1 None more than 15km away from either MW or GW All on granted mining leases Drill outs and reserve studies planned Incremental reserve ounces likely Note 1 – full breakdown of

  17. Slide 17: Garden Well drilling status and results

    11/27/2011 For personal use only Drilling Status – Mar 2011 Discovery hole Nov 09 438 aircore holes drilled 180 RC holes drilled 44 diamond holes drilled 90,000 metres drilled Significant results over 1,040m of strike. Mineralistion confirmed to depth of approx 270 + metres and still open 33 Hole Fr

  18. Slide 18: Garden Well reserve and resource

    11/27/2011 For personal use only  Ore Reserve (March 2011) » 35.3Mt at 1.46g/t for 1.66Moz1 » 90% of reserve is shallower than 200m » Stripping ratio 3.33  Resource (Nov 2011) » 62Mt at 1.29g/t for 2.56Moz1 Note 1 – full breakdown of these reserves & resources in accordance with JORC set out in Ap

  19. Slide 19: Garden Well DFS operations and financial analysis

    11/27/2011 For personal use only Operations Summary Total gold production 1.57 million ounces Average annual gold production 180,000 ounces 247,000 ounces Year 1 gold production (cash cost less than A$400/oz) Capital cost A$109 million Cash operating cost A$555 per ounce (life of mine, pre royalties

  20. Slide 20: Other DFS results, licensing and financing

    11/27/2011 For personal use only  Other DFS Results  Metallurgical testing complete – excellent results  Recoveries > 95% in 24hr at course grind of 150µm  High gravity gold recovery >54%  Low abrasion index 0.057 Ai (g)  Low‐medium bond work index 13.6 kWh/tonne  Very soft crushing index 4.9

  21. Slide 21: For personal use only

    For personal use only 42 41 21 11/27/2011

  22. Slide 22: For personal use only

    For personal use only 43 44 22 11/27/2011

  23. Slide 23: For personal use only

    For personal use only 46 45 23 11/27/2011

  24. Slide 24: For personal use only

    For personal use only 47 48 24 11/27/2011

  25. Slide 25: For personal use only

    For personal use only 50 49 25 11/27/2011

  26. Slide 26: For personal use only

    For personal use only 52 51 26 11/27/2011

  27. Slide 27: For personal use only

    For personal use only 53 54 27 11/27/2011

  28. Slide 28: Garden Well southern extension targets

    11/27/2011 For personal use only 55  Focus on:  Southern high grade shoot  Southern extension  Targeting:  Resource increase  Extend pit south and deeper on high grade zone South 1 km North Garden Well gram metre long section with pit design Planned RC/diamond hole 28

  29. Slide 29: Rosemont resource and reserve

    11/27/2011 For personal use only 57  Granted mining lease  Within 10km of GW Resource:  21.3 MT @ 1.57 g/t for 1.08 Moz Reserve  8.7 MT @ 1.73 g/t for 487,000 oz 29

  30. Slide 30: Rosemont reserve study results

    11/27/2011 For personal use only Quartz hosted stock-work gold deposit Reserve Study Results Gold price for pit optimisation A$1,000/oz Total pit volume (bcm) 24.6 million Stripping ratio (waste:ore) 5.61 Ore (tonnes) 8.7 million Grade (g/t) 1.73 Contained gold (ounces) 487,145 Milling recovery (%)

  31. Slide 31: Rosemont reserve study costs

    11/27/2011 For personal use only Reserve Study Results Mining cost (A$/tonne) A$23.65 Milling cost (A$/tonne) A$9.13 Administration cost (A$/tonne) A$0.50 Total operating cost (A$/tonne)* A$33.28 Total operating cost (A$/oz)* A$628 Operating surplus (pre royalties & tax)# A$357 million * Before roya

  32. Slide 32: Rosemont development options

    11/27/2011 For personal use only  Scale of project means all options can be considered:  Road haulage to Garden Well (10km)  Overland conveying of crushed ore  Relocate Moolart Well mill at end of MW ops  Construct stand alone processing plant 63 64 32

  33. Slide 33: Top ranked exploration targets

    11/27/2011 For personal use only Top Ranked Targets ‐ All under 20 to 35m of cover 3 ‐ no previous drilling 2 1) Garden Well Drilled – major discovery!! 4 2) West Duketon Soil geochem – June 11 1 3) Anchor 3,000m Aircore drilling May 11 4) Garden Well North 3,000m Aircore drilling May 11 65 66 33

  34. Slide 34: Appendix 1: Ore reserves

    11/27/2011 For personal use only 350,000 2013 + 7 years 300,000 250,000 200,000 150,000 100,000 50,000 0 2011A 2012F 2013F 2014F 2015F  +340koz in 2012/13 & 300kozpa beyond 67 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 We

  35. Slide 35: Appendix 2: Mineral resources

    11/27/2011 Measured Indicated Inferred Total Resources Cut‐off For personal use only Project gold gold gold gold Grade MT g/t MT g/t MT g/t MT g/t koz koz koz koz g/t Moolart Well Laterite 9.8 1.45 459 1.0 0.90 29 0.3 0.88 8 11.1 1.39 496 0.50 Oxide 1.2 1.85 71 3.9 1.52 192 6.7 1.45 314 11.9 1.51 57

Regis Resources — Shareholder Meeting (November 2011) on 6ix