Regis Resources Limited · ASX:RRL
Regis Resources — Regis Resources NL — Paydirt Conference 2006
36 slides from Regis Resources's conference presentation, Apr 5, 2006
Slide 1: David Walker, Managing Director - Paydirt Conference
David Walker Managing Director Paydirt Conference - April 5th 2006
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation contains “forward-looking statements”. Such forward-looking statements may include, without limitation: ! Estimates of future results of exploration activities; ! Estimates of future cash flow; ! Estimates of future capital expenditure and resources; ! Es
Slide 3: Overview of Presentation
Overview of Presentation “Developing the Duketon Gold Project” Regis Resources NL Market Capitalisation A$m 100 90 80 70 60 50 40 30 20 10 0 Jul-04 Nov-04 Jul-05 Nov-05 Jan-04 Mar-04 May-04 Sep-04 Jan-05 Mar-05 May-05 Sep-05 Jan-06 Mar-06
Slide 4: Snapshot
Snapshot Assets - 59% of the major Duketon province - Moolart Well gold project - 1.0 Moz of gold in resource - Regional - 2.3 Moz of resources (RRL share 1.3 Moz) - 59% Collurabbie Ni-Cu-PGE province exposure Financial - $5m of cash - Debt free - Significant tax losses Capital Structure - 692 m Ord
Slide 5: Board and Management
Board and Management BOARD ! MICHAEL FOLIE (Non Exec Chairman) ! DAVID WALKER (Managing Director) ! MARCUS ROSE ! GLENISTER LAMONT MANAGEMENT ! JENS BALKAU (GM – Exploration) ! JANET COHEN (GM – Finance & Admin) ! PETER LEE (Company Secretary) ! tba
Slide 6: Regis History
Regis History 1986 JWM formed Feb 04 identification of JWM opportunity (mkt cap $9m) Aug 04 Regis created through JWM restructure, new Board Mar 05 announce restructure of Duketon JVs with Newmont Jun 05 exploration management of Duketon Jan 06 raise $11m equity Jan 06 upgrade Moolart Well resource
Slide 7: Newmont Transaction Completed
Newmont Transaction Completed ! Bought 49% of Newmont Duketon for 256 million RRL shares ! Sole fund $10m exploration ($5.5m spent) ! Call option over next 26% of Newmont Duketon (eff 20% of project) ! Pre-emptive right over remainder of Newmont Duketon Pty Ltd ! Sole development rights on any proje
Slide 8: Capital Structure
Capital Structure Ord 5c opt 10c opt 20c opt RRL RRLO RRLOB RRLOA 2014 2012 2012 Newmont 262 38% Institutions 195 28% 60 10 Edensor 64 9% 2 Directors 15 2% 30 24 17 Public 156 23% 5 5 9 Total 692 97 39 26 also 14m 15c and 18c unlisted staff options
Slide 9: WA Properties – Gold and Nickel
WA Properties – Gold and Nickel ! Duketon JV’s (Regis 59% and manager, Newmont 41%) ! The major landholding in the Duketon Belt ! Laverton Region – 20moz in production ! Gold – Duketon region ! Nickel – Collurabbie belt ! Copper Well JV (Regis manager, 50% earning 85%) ! Melita JV (Regis manager, ea
Slide 10: Duketon Gold Resources (RRL 59%)
Duketon Gold Resources (RRL 59%) ! North Laverton Tectonic Zone. ! Over 300 granted mineral licences and licence applications ! In excess of 3,000 sq km of prospective ground ! 13 joint ventures + 100% ground ! Area mined by Aurora in the 1990’s ! Rosemont extended in 1996 ! Moolart Well discovered
Slide 11: Duketon Gold Resources
Duketon Gold Resources m grade gold cut-off type tonnes g/t koz g/t category source Moolart Well laterite 9.0 1.48 428 0.5 ind+inf Golder saprolite 8.7 2.07 580 0.8 inferred Golder Moolart Well sub-total 17.7 1.77 1,008 Rosemont 14.7 1.72 815 0.5 ind+inf GMS Satellite Deposits Dogbolter ox+sulph 0.9
Slide 12: Moolart Corridor
Moolart Corridor ! Laverton tectonic zone north ! Deeply lateritised, partially stripped terrain ! Archaean mafic/um/bif package ! 16km mineralised corridor ! 0.1 g/t gold contour in drilling ! Moolart Well at south end ! Other zones lightly explored ! Mineralised Qtz diorite bodies
Slide 13: Moolart Well Project (59%) – 4300mN (east)
Moolart Well Project (59%) – 4300mN (east) West East
Slide 14: Moolart Well – Laterite Zone
Moolart Well – Laterite Zone Ore Thickness Grade Th x Grade 1-12m 0.5- 6 g/t Au Red > 5m Red > 2.5 g/t
Slide 15: Moolart Well – Laterite Zone
Moolart Well – Laterite Zone ! + Four kilometre zone of mineralised laterite ! 500-1500m wide ! Discovered by Newmont ! JORC inferred resource of 428,000 ozs down to 20 m vertical depth ! Usually less than 5m of sand cover ! Average mineralised thickness of 4m ! Significant coarse gold ! +95% gold r
Slide 16: Moolart Well – Laterite Resource
Moolart Well – Laterite Resource ! 1,398 drillholes ! Initial 200 x 100m drilling ! Closed up to 50 x 50m, 25 x 25m ! Ordinary kriged model ! 15m x 15m x 4m search ellipse ! High grade cuts applied ! 9mt @ 1.48 g/t, 0.5g/t cut off ! 428,000 contained oz ! 95% indicated, 5% inferred
Slide 17: Moolart Well – Lancaster Laterite Zone
Moolart Well – Lancaster Laterite Zone Ore Thickness (m) Grade (g/t Au) ! Average cover 5m ! Average min laterite thickness 8m ! Sharply cut off on SW ! More infill required ! Potential 200m wide pit, all ore ! Strip ratio < 1:1 ! Potential for 1mt, 50- 100koz down to 20m ! Early cashflow option ! P
Slide 18: Moolart Well Project (59%) – 4300mN (east)
Moolart Well Project (59%) – 4300mN (east)
Slide 19: Moolart Well – Saprolite Zone
Moolart Well – Saprolite Zone ! Saprolite zone distribution, beneath laterite resource cap ! 580,000oz at 2.07 g/t in JORC resource ! Down to 70m base of drilling ! Many zones open along strike and most open at depth ! Significant high grade intersections > 1oz/t ! Little drilling in fresh rock ! Ex
Slide 20: Moolart Well – Saprolite Zone
Moolart Well – Saprolite Zone ! Unconstrained block model ! Multiple Indicator kriged ! 15m x 15m x 4m search ellipse ! High grade cuts applied ! 8.7mt @ 2.07 g/t, 0.8g/t cut off ! 580,000 contained oz ! All inferred category ! Expect tonnes/grades to rise as zones constrained
Slide 21: Moolart Well Project – Lancaster Area Resource
Moolart Well – Lancaster Area Resource
Slide 22: Moolart Well Project – Lancaster Area Resource
Moolart Well – Lancaster Area Resource
Slide 23: Moolart Well - Pit Design 44300mN
Moolart Well - Pit Design 44300mN
Slide 24: Moolart Well - Pit Design 44900mN
Moolart Well - Pit Design 44900mN
Slide 25: Moolart Well - Pit Design 45700mN
Moolart Well - Pit Design 45700mN
Slide 26: Moolart Well - Pit Design 46200mN
Moolart Well - Pit Design 46200mN
Slide 27: Moolart Well - Pit Design 47100mN
Moolart Well - Pit Design 47100mN
Slide 28: Moolart Well Project – Final Pits
Moolart Well Project – Final Pits ! 1.5 mtpa and 3.5 mtpa designs ! $600/oz and $720/oz gold price ! Current industry operating costs ! Combined laterite & saprolite run ! 2 large pits about 1.6km long each ! 3rd smaller pit to the north ! Little difference in pit shells ! Drives to 70 mvd in severa
Slide 29: Moolart Well Scoping Study
Moolart Well Scoping Study ! Commenced June 2005 ! Drilled 387 holes (33,871m)at Moolart Well in 2005 ! Resource Stage 1 evaluation and upgrade completed (Jan 06) ! Metallurgy stage 1 completed, 95.7%-95.5% CN 0.8kg/t laterite/sap ! Stage 2 grind tests underway ! Preliminary Mining Optimisation stud
Slide 30: Collurabbie Ni Project (59%)
Collurabbie Ni Project (59%) ! Regis 59% and manager, Newmont ! Also three other joint ventures ! Southern extension of Olympia zone ! Two possible repeats to the east ! Regis have 35 line kms of prospective strike ! Several historical nickel prospects ! Shallow Ni oxide resource potential at Herman
Slide 31: Olympia Aeromagnetics
Olympia Aeromagnetics Detailed Map Area Trace of sulphide mineralisation lt 10km fa u
Slide 32: Completed 186km Ground TEM Survey
Completed 186km Ground TEM Survey Detailed Map Area 2 km 10km
Slide 33: Collurabbie Nickel - Progress
Collurabbie Nickel - Progress ! 186 line km TEM – west zone ! Evaluation underway ! Regional compilation ! 17,000m reconnaissance drilling, all less than 70 mvd ! Several conductor anomalies to be evaluated ! Anomalous Cu zones of interest ! 1H06 exploration budget $1.4m
Slide 34: Summary
Summary ! Advanced Duketon Gold Project with potential for +3moz ! Moolart Well has 1 moz in resource to 70m vd ! Moolart Well Laterite zone gives an immediate, low- cost development option ! Scoping study well underway ! Significant early cash flow potential ! Significant gold exploration upside at
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Slide 36: Thank You
NEGIS HGSOUPEES INTL