Regis Resources Limited · ASX:RRL
Regis Resources — Q3 FY2018 Earnings Presentation
26 slides from Regis Resources's earnings presentation, Apr 18, 2018
Slide 1: Regis Resources March 2018 Quarterly Report & Exploration Update
For personal use only 1 REGIS RESOURCES LTD MARCH 2018 QUARTERLY REPORT & EXPLORATION UPDATE
Slide 2: Disclaimer & Competent Persons Statement
DISCLAIMER & COMPETENT PERSONS 22 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
Slide 3: Review of FY2018 Q3 Operations
REVIEW OF FY2018 Q3 OPERATIONS For personal use only 33 DUKETON CONTINUES TO DELIVER STRONG CASHFLOW Q3 Q2 OPERATIONS FY18 FY18 Q3 gold production 85,331 ounces Ore mined (Mbcm) 1.0 1.3 Run rate at middle of FY18 guidance of 335-365koz YTD production 269,365 ounces Waste mined (Mbcm) 4.8 4.2
Slide 4: Duketon
For personal use only DUKETON 44
Slide 5: FY2018 Q3 Operating Results
FY2018 Q3 OPERATING RESULTS For personal use only 55 Duketon Northern Duketon Southern Operations Operations Total Q3 Q2 Q3 Q2 Q3 Q2 Ore mined (Mbcm ) 0.4 0.6 0.6 0.7 1.0 1.3 Waste mined (Mbcm) 1.3 1.2 3.5 2.9 4.8 4.2 Stripping ratio (w:o) 3.1 2.2 5.6 4.3 4.6 3.3 Ore mined (Mtonnes) 0.8 1.0 1.6 1.8
Slide 6: FY2018 Q3 Operating Results - Duketon Northern Operations
FY2018 Q3 OPERATING RESULTS For personal use only 66 Duketon Northern Duketon Southern Operations Operations Total Q3 Q2 Q3 Q2 Q3 Q2 Ore mined (Mbcm ) 0.4 0.6 0.6 0.7 1.0 1.3 Waste mined (Mbcm) 1.3 1.2 3.5 2.9 4.8 4.2 Stripping ratio (w:o) 3.1 2.2 5.6 4.3 4.6 3.3 Ore mined (Mtonnes) 0.8 1.0 1.6 1.8
Slide 7: FY2018 Q3 Operating Results - Duketon Southern Operations
FY2018 Q3 OPERATING RESULTS For personal use only 77 Duketon Northern Duketon Southern Operations Operations Total Q3 Q2 Q3 Q2 Q3 Q2 Ore mined (Mbcm ) 0.4 0.6 0.6 0.7 1.0 1.3 Waste mined (Mbcm) 1.3 1.2 3.5 2.9 4.8 4.2 Stripping ratio (w:o) 3.1 2.2 5.6 4.3 4.6 3.3 Ore mined (Mtonnes) 0.8 1.0 1.6 1.8
Slide 8: Cashflow Waterfall
88 CASHFLOW WATERFALL For personal use only Cash & Gold on Hand - Q3 Movements $260.0m $71.0m $240.0m $220.0m $200.0m ($40.3m) ($9.9m) $180.0m $172.0m ($7.5m) ($7.5m) $167.9m $160.0m ($8.9m) ($1.0m) $140.0m $120.0m $100.0m Quarterly cash-flow from operations of $71.0m (Q2: $83.8m) 7koz lower gold
Slide 9: Exploration Update - Duketon Significant Results in Q3
99 EXPLORATION UPDATE For personal use only DUKETON - SIGNIFICANT RESULTS IN Q3 Drilled 61,085m (Q2: 62,210m) on 14 gold projects Rosemont & Garden Well Underground RMT 42 RC & DD holes for 11,076m - strong results GW 43 RC holes for 12,023m - strong results Baneygo satellite project 7,346
Slide 10: Rosemont Underground Drilling
ROSEMONT 10 10 UNDERGROUND DRILLING For personal use only 3D long section from south east showing planned Rosemont South & Main drilling, phase 1 and 2 Drilling at Rosemont over the last 21 months totalled 315 RC holes (53,207m) and 32 DD holes (5,230m) Culminated in an Maiden MRE on two initial
Slide 11: Rosemont Underground Project
ROSEMONT UNDERGROUND 11 11 PROJECT For personal use only
Slide 12: Rosemont Maiden Underground Resource
ROSEMONT MAIDEN 12 12 UNDERGROUND RESOURCE For personal use only 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 scoping study imminent (Mt) (g/t) (koz) Then full mining study and other technical as
Slide 13: Rosemont Underground Potential for Resource Extension
ROSEMONT UNDERGROUND 13 13 POTENTIAL FOR RESOURCE EXTENSION For personal use only Resource covers less than 1.3km of 4km strike and max depth of 150m below open pit designs In some target areas higher drilling density required to estimate resources Infill and extensional drilling will continue
Slide 14: Rosemont Underground Potential for Resource Extension - Conceptual Long Section
ROSEMONT UNDERGROUND 14 14 POTENTIAL FOR RESOURCE EXTENSION For personal use only 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: Ea
Slide 15: Rosemont Underground Project Drill Results in Q3
15 15 ROSEMONT UNDERGROUND PROJECT DRILL RESULTS IN Q3 For personal use only Gold hosted in a steeply east dipping 345° trending quartz-dolerite unit Gold mineralised quartz-dolerite unit is up to 80m wide. Q3 drilling 31 DD & RC holes for 11,076m Q3 Results (all outside reserves and not inc
Slide 16: Garden Well Underground Project
GARDEN WELL 16 16 UNDERGROUND PROJECT For personal use only TARGETING HIGH GRADE ZONE BELOW GARDEN WELL PIT 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 ope
Slide 17: Garden Well Significant Underground Target
GARDEN WELL 17 17 UNDERGROUND PROJECT For personal use only SIGNIFICANT UNDERGROUND TARGET Regis earlier drill results below pit in southern area include: 19.6m @ 9.47g/t Au from 318m 19m @ 6.38g/t Au from 131m 12m @ 9.52g/t Au from 179m 5m @ 22.48g/t Au from 192m 20m @ 4.28g/t Au from 2
Slide 18: Garden Well Significant Q3 Results
GARDEN WELL 18 18 UNDERGROUND PROJECT For personal use only SIGNIFICANT Q3 RESULTS Programme commenced in Q3 with 43 holes completed for 12,023 metres. Assays pending for 16 holes. Significant results during the quarter include: 13m @ 2.86 g/t Au from 211m 6m @ 2.86 g/t Au from 267m 15m
Slide 19: Baneygo Reserve Extension Project
BANEYGO 19 19 RESERVE EXTENSION PROJECT For personal use only BANEYGO SATELLITE PROJECT 136koz reserve satellite project located 7km SSW of Garden Well Scheduled for mining in FY19 Drill programme designed to convert inferred resources in pit, below and along strike of pits 86 RC holes for 7
Slide 20: McPhillamys (NSW) Organic Growth Project
20 McPHILLAMYS (NSW) For personal use only 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 complete
Slide 21: McPhillamys Infill and Extensional Drilling
21 McPHILLAMYS For personal use only 21 INFILL AND EXTENSIONAL DRILLING 8 diamond holes (3,953m) were drilled in Q2: Infill of deeper parts of reserve model Add drilling data beyond current pit design Significant results from last 2 holes included: 248m @ 1.76g/t Au from 231m 105m @ 1.16g/t
Slide 22: McPhillamys EIS and DFS Update
22 McPHILLAMYS For personal use only 22 EIS AND DFS UPDATE EIS – work continuing with most areas nearing completion Draft PEA submitted to regulators for review in Q2: Allowed meetings with key regulators involved in assessment of project Submission of final PEA will trigger DPE to provide Regis
Slide 23: McPhillamys Discovery Ridge Expected to Deliver Significant Value
23 McPHILLAMYS 23 DISCOVERY RIDGE EXPECTED TO DELIVER SIGNIFICANT VALUE TO MGP For personal use only 100% owned Discovery Ridge deposit located 32km away from McPhillamys by major highway MRE of 13.84Mt @ 1.1g/t for 501koz* 3,237m RC infill drilled in Q3. Significant results include: • 48.9m @
Slide 24: Recap of Presentation
RECAP OF PRESENTATION For personal use only 24 24 Q3 gold production 85,331 ounces at AISC of A$906/oz YTD production 269,365 oz at AISC of $873/oz puts Regis on track to achieve upper end of FY18 guidance (335-365koz), with guidance now refined to 355-360koz. Q3 and YTD AISC below bottom of g
Slide 25: Appendix: JORC Compliant Ore Reserve Estimates
APPENDIX 1 JORC COMPLIANT 25 25 ORE RESERVE ESTIMATES 31 MARCH 2017 For personal use only 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) (g/t) (koz) (Mt)
Slide 26: Appendix: JORC Compliant Mineral Resources
APPENDIX 2 26 26 JORC COMPLIANT MINERAL RESOURCES 31 MARCH 2017 For personal use only 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 Type Person2 (g/t) (Mt)