Regis Resources Limited · ASX:RRL
Regis Resources — Investor Presentation (June 2017)
26 slides from Regis Resources's investor presentation, Jun 27, 2017
Slide 1: Regis Resources Ltd Investor Presentation June 2017
1 1 REGIS RESOURCES LTD JUNE 2017 INVESTOR PRESENTATION
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: Corporate
3 CORPORATE 3 CAPITAL STRUCTURE Shares on issue 501m Last price A$3.66 Market capitalisation A$1,834m Daily turnover (no. shares) 5.4m Unlisted options 10m OPERATIONS SNAPSHOT Duketon operations (WA) 10Mtpa for >300kozpa McPhillamys project (NSW) 2.2Moz resource SHARE PRICE & VOLUME Resources (total
Slide 4: Review of FY2017 Q3 Operations
REVIEW OF FY2017 Q3 OPERATIONS 4 4 DUKETON CONTINUES TO DELIVER STRONG CASHFLOW Q3 Q2 OPERATIONS FY17 FY17 Q3 gold production 79,223 ounces Ore mined (Mbcm) 1.0 1.1 Run rate above FY16 and in upper half of FY17 guidance of 300-330koz Waste mined (Mbcm) 6.4 7.3 Excellent result given mining & h
Slide 5: Duketon FY2017 Q3
3.0mt > ; 7.00 3.0mt > 1.20 2.8mt ; 6.00 2.8mt 1.15 =, - 5.00 1.10 2.5mt | 25mt | | W + 4.00 1.05 2.3mt + 2.3mt + 3.00 1.00 2.0mt | 2.0mt - 2.00 0.95 1.amt + L 4.00 138mt 5 0.90 1.smt + L - 1.5mt + 0.85 o oO fo o Sy i my Oo J oO o o “ay ‘\ ay a aw? we as Re aS a a wy RS a we as RS RC a K Na < s < ‘K
Slide 6: Cashflow Waterfall
6 CASHFLOW WATERFALL 6 $350.0m Cash & Gold on Hand Movements – Q3 FY17 Year to Date $181.9m $300.0m $250.0m ($80.1m) $200.0m ($39.1m) $150.0m ($20.5m) $123.3m ($19.2m) $114.5m $100.0m ($27.2m) ($4.8m) $50.0m Strong cash-flow from operations of $182m for YTDQ3 Cash build of $71m after allowing for pa
Slide 7: Strong Performance on All Profit Measures
STRONG PERFORMANCE ON ALL 7 7 PROFIT MEASURES 1 FY2014 NPAT, EBITDA & EPS adjusted to underlying result by excluding $202.7m after tax impairment charge
Slide 8: Dividends
8 DIVIDENDS 8 Earnings & Dividend Per Share 25 22.4 20 17.4 Cents per Share 15 13 12.2 11.0 10 7 6 5 0 0 FY2014 FY2015 FY2016 FY2017 (H1) EPS Dividend per Share Fully franked interim dividend of 7cps ($35.1m) declared and paid in Q3 Increase on FY16 interim dividend of 4cps Payout ratio 14% of r
Slide 9: Operations Outlook
9 OPERATIONS OUTLOOK 9 2017 – 2019 DUKETON PROJECT PRODUCTION GUIDANCE & TARGETS 380,000 370,000 360,000 2019 350,000 TARGET 340,000 2018 330,000 340,000 TARGET GOLD PRODUCTION (OUNCES) 320,000 2017 GUIDANCE 320,000 300,000 2016 300,000 ACTUAL 280,000 305,084 260,000 240,000 220,000 200,000 2016 201
Slide 10: Delivering Organic Growth Opportunities
DELIVERING ORGANIC GROWTH 10 10 OPPORTUNITIES MINE LIVES @ 31/3/16 Project Mine Life Mill tpa Garden Well 7 years ≈ 5 MT Rosemont 6 years ≈ 2 MT Moolart Well 5 years ≈ 3 MT SATELLITES EXTENDING MINE LIFE Project Reserves at 31/3/16 Gloster 7.0Mt @ 1.00g/t for 226koz1 Erlistoun 3.8Mt @ 1.48g/t for 18
Slide 11: Famous Blue Geology: Satellite Deposits
SATELLITE DEPOSITS FAMOUS BLUE GEOLOGY 11 11 GLOSTER 26km west of Moolart Well Mining commenced Q1, milling Q2 Processed 300kt ore at 1.35g/t in Q3 Processed 590kt ore at 1.26g/t YTD Adds 3+ years of mill feed to MW Grade increases production & recovery ERLISTOUN 9km south of Garden We
Slide 12: Tooheys Well Gold Project
TOOHEYS WELL GOLD PROJECT 12 12 MAIDEN RESERVE REPLACES REGIS FY17 PRODUCTION Located only 2.5km south of GW Gold shear zones hosted by chert, shale and BIF Extensive drill-out in 2015 and 16 culminated in maiden resource July 16 Maiden Reserve quoted June 17: Tonnes Grade Gold (Mt) (g/t) (k
Slide 13: Exploration Update
13 EXPLORATION UPDATE 13 DUKETON - SIGNIFICANT RESULTS IN Q3 Completed 32,943m (Q2: 49,223m) of drilling on 4 gold projects Lower metres in Q3 due to weather, rig availability & limited RMT pit access Tooheys Well – 2.5km S of Garden Well 547,000 oz resource estimated in Q1 28,561m RC in Q3
Slide 14: Rosemont South & Main Underground Opportunities
ROSEMONT SOUTH & MAIN 14 14 UNDERGROUND OPPORTUNITIES 3D long section from south east showing planned Rosemont South & Main drilling, phase 1 and 2 Phase 1 drill programmes underway at Rosemont South and below Rosemont Main Pit: Returning numerous high grade intercepts Drilling to continue in Q4
Slide 15: Rosemont Main Pit Underground Project
ROSEMONT MAIN PIT 15 15 UNDERGROUND PROJECT POTENTIAL FOR UNDERGROUND MINING INVENTORY EXTENSION Testing high grade shoots 100-200m vertically below ultimate open pit design depth Early holes drilled to date are encouraging for underground opportunities Approx 10,000m drilling remaining in pha
Slide 16: Drill Outs Complete So Focus Returns to Regional Exploration
DRILL OUTS COMPLETE SO FOCUS 1616 RETURNS TO REGIONAL EXPLORATION NEXT 6 SIGNIFICANT SCALE REGIONAL TARGETS Post successful delivery of Maiden Reserve at Tooheys Well, focus has returned to generating next suite of regional exploration targets. 6 new regional targets generated from data review a
Slide 17: Regional Targets
REGIONAL TARGETS 17 17 Prospect Location Target Untested Planned Drilling Strike Camel Hump 32km S of GW Soil anomaly over prospective 2km 18 AC holes to 120m structure 1 line of holes No previous drilling Mt Varden 33km S of GW Soil anomaly over prospective 2.5km 66 AC holes to 120m str
Slide 18: Regional Targets
REGIONAL TARGETS 18 18 2km 2,000m 2.5km 8,000m Camel Hump Mt Varden strike Aircore strike Aircore
Slide 19: Regional Targets
REGIONAL TARGETS 19 19 Corktree North 1km 3,000m 2km 5,000m strike Cuthbert Bore Aircore strike Aircore
Slide 20: Regional Targets
REGIONAL TARGETS 20 20 2km 5,000m 2.5km 4,000m Steer Creek Speights strike Aircore strike Aircore
Slide 21: McPhillamys (NSW)
21 McPHILLAMYS (NSW) 21 INFILL DRILLING UNDERWAY FOR PFS Located Central-West NSW Well established gold mining district Cadia, Cowal, Northparkes+45Moz* Gold resource 2.2Moz - 100% Regis owned Infill Drilling Underway 25,000m programme - 5 diamond & 1 RC rigs working Reduce drill patte
Slide 22: McPhillamys (NSW): Expanding Resources and Footprint
22 McPHILLAMYS (NSW) 22 EXPANDING MCPHILLAMYS RESOURCES AND FOOTPRINT Entered into binding agreement to acquire the Blayney Gold Project for A$3.25m Subject to one remaining condition precedent Tenement lies contiguous to the McPhillamys project licence and hosts two quoted Mineral Resource Es
Slide 23: Recap of Presentation
RECAP OF PRESENTATION 23 23 Q3 gold production 79,223 ounces at AISC of A$1,024/oz Production in line with Q2 (80,090oz) despite significant rainfall impact on operations Production run rate in upper half of FY17 guidance Gloster & Erlistoun making contribution & will increase in coming quar
Slide 24: JORC Compliant Ore Reserve Estimates March 2016
APPENDIX 1 JORC COMPLIANT 24 24 ORE RESERVE ESTIMATES 31 MARCH 2016* Group Ore Reserves as at 31 March 2016 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 2016
APPENDIX 2 25 25 JORC COMPLIANT MINERAL RESOURCES 31 MARCH 2016* Group Mineral Resources as at 31 March 2016 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 T
Slide 26: Appendix – Tooheys Well Updated Mineral Resources & Ore Reserves
APPENDIX 3 – TOOHEYS WELL ONLY* 26 26 UPDATED JORC COMPLIANT MINERAL RESOURCES & ORE RESERVES 1 MARCH 2017 Tooheys Well Mineral Resource Estimate as at 1 March 2017 Gold Measured Indicated Inferred Total Resource Gold Gold Gold Gold Gold Gold Gold Gold Competent Cut-Off Tonnes Tonnes Tonnes Tonnes P