Regis Resources Limited · ASX:RRL
Regis Resources — Non-Deal Roadshow (May 2024)
38 slides from Regis Resources's roadshow presentation, May 2024
Slide 1: A future with growth
A future with growth United States Investor Roadshow and Corporate Presentation May 2024
Slide 2: Cautionary statement
Cautionary statement This presentation contains only a brief overview of Regis Resources Limited and its associated entities (“Regis or The Company confirms that it is not aware of any new information or data that materially affects the information included RRL”) and their respective activities and
Slide 3: Production Target Exploration Targets
Production Target Exploration Targets Relevant Proportions Underpinning the Production Target Exploration Target at Garden Well (noted on Slide 7) is extracted from ASX release “Mineral Resource and Ore Reserve Regis has outlined a consolidated gold Production Target of between 100koz and 120koz fro
Slide 4: Unhedged gold producer with long life assets
Unhedged gold producer with long life assets 10+ years Darwin Strong platform in a Tier 1 location McPhillamys • One of Australia’s largest undeveloped open-pittable gold deposits Duketon 6 years NT • Updated project scope and capital • Stabilised operational performance assumptions. DFS imminent QL
Slide 5: Investment highlights
Investment highlights Unhedged producer with improving cash flows and multiple growth options High quality portfolio Strong financial platform Organic growth projects • One of the largest unhedged Australian • 31 March 2024 Cash & Bullion of US$122M1 • Dominant position within the Duketon gold produ
Slide 6: Growing our ESG credentials
Growing our ESG credentials Progressive and measured approach to ESG Record low LTIFR Carbon reduction 0.34 Solar farm Female employees Land rehabilitation 21% +270% 9MW solar farm (Duketon) aa future future with growth with growth 6
Slide 7: YTD production of 311koz @ AISC US$1,446/oz
March quarterly and year to date highlights YTD production of Wet weather issues First Q of unhedged 311koz @ AISC resolved with sales. Significant $US1,446/oz1 impacts being leverage to the gold on guidance monitored price Garden Well Rosemont Tropicana Underground Underground Undergrounds continue
Slide 8: YTD and Q3 FY24 physical results
YTD and Q3 FY24 physical results Consistent physicals and on plan to meet guidance Unit Q3 FY24 Q3 FY23 YTD FY24 YTD FY23 Ore Mined – open pit Mt 0.96 1.75 4.04 6.55 Ore mined - underground Mt 0.46 0.39 1.43 1.00 Total ore mined Mt 1.42 2.14 5.47 7.55 (open pit and underground) Ore milled Mt 2.51 2.
Slide 9: Q3 FY24 financial results
Q3 FY24 financial results 100% of gold produced was sold into the rising spot gold market Unit Q3 FY24 Q3 FY23 YTD FY24 YTD FY23 Gold production koz 90.6 103.7 311.3 335.9 Gold sold koz 98.8 105.2 309.8 332.7 All-in sustaining cost1 US$/oz 1,799 1,202 1,512 1,176 Average realised price2 US$/oz 2,056
Slide 10: Cash and bullion movements – Q3 FY24
Cash and bullion movements – Q3 FY24 Operations have strong cash flow and stand out now unhedged Gold sales of 98.8koz delivering US$203M in gold revenue Positive cash build of US$20M for Q3 FY24 Cash and bullion closed at US$122M 1 After Q3 FY24, received US$13M tax refund 1 Includes bullion on han
Slide 11: FY24 guidance maintained
FY24 guidance maintained A disciplined production plan Operation Duketon Tropicana (30%) Group FY24 guidance maintained despite weather events impacting Q3 production Production (koz) 280 – 305 135 – 150 415 – 455 Focus remains on profitable ounces AISC (US$/oz) 1,348 – 1,552 1,184 – 1,395 1,312 – 1
Slide 12: Transition to cash build phase in H2 FY24
Transition to cash build phase in H2 FY24 … with accompanying growth in return on investment (ROI) Key steps to delivering the transition to cash build phase in H2 FY24 Commercial production at Garden Well underground (Duketon) Commercial production at Havana open pit (Tropicana) Release ~US$120M/yr
Slide 13: The pathway to 500koz per year with margin
The pathway to 500koz per year with margin A business with scale and multiple organic growth options Target 500koz • Ramp up and optimise current undergrounds • Continue to identify and test underground and open pit targets Duketon 200-2501koz • Rolling underground Reserve replacement • Commence dev
Slide 14: Duketon - A greater focus on increasing underground capacity
Duketon - A greater focus on increasing underground capacity Strong platform in a Tier 1 location Darwin Duketon (100%) NT Underground and open pit mining MCPHILLAMYS QLD Combined milling capacity of 10Mtpa WA Total Reserves: 26Mt at 1.1g/t for 950koz Brisbane DUKETON SA TROPICANA Total Resources: 6
Slide 15: Duketon regional geology
Duketon regional geology Another highly prospective greenstone belt in the goldfields The Archean Duketon Greenstone belt is a 100 x 50 km geological domain with strong affinities to the highly gold endowed Laverton Greenstone Belt to the south Gloster Multiple gold mineralisation trends, host rocks
Slide 16: Growth in underground potential
Growth in underground potential Behaving like the “typical” WA underground and replacing Reserves a future with growth 16
Slide 17: Duketon has bright future underground
Duketon has bright future underground 300koz+ producer where the transition underground is showing its potential Garden Well in August 2021 - Then Garden Well underground mine Surface drill holes indicated continuity commenced with portal and of mineralisation in the north start of development a fut
Slide 18: Duketon has bright future underground
Duketon has bright future underground Our value accretive underground growth continues Garden Well - Now Garden Well Main underground development Garden Well Main represents a portion of the commencing immediately with an annual Production Garden Well Underground Exploration Target of Target of 60ko
Slide 19: Duketon underground Reserve development
Duketon underground Reserve development Behaving like the “typical” WA underground and replacing Reserves Rosemont Stage 3 underground development Exploration Target of 40koz to 80koz within commencing immediately with an annual Production the current Stage 3 area Target of 40koz to 50koz1. 1. Rosem
Slide 20: Duketon and Tropicana underground mines continue to grow
Duketon and Tropicana underground mines continue to grow Ore Reserves have grown consistently, with further growth expected ~170% increase in Duketon Underground Ore Reserves1 while 151koz of Over 100% increase in Tropicana Underground Ore Reserves1,2 while gold has been produced between 2019 and 20
Slide 21: The Duketon Organic Underground Growth Strategy
The Duketon Organic Underground Growth Strategy Leveraging our pipeline of underground targets, to deliver four to five underground mines to deliver 200koz to 250koz Regis holds a dominant position in the under-explored Duketon belt with over 3,000km2 We continue to pursue high value open pit target
Slide 22: Sources of potential incremental underground ounces
Sources of potential incremental underground ounces Underground opportunities represent low-capital intensity, near-term growth potential a future with growth 22
Slide 23: Ben Hur represents surface and underground optionality
Ben Hur represents surface and underground optionality A 2km mineralised system that is open along strike and at depth a future with growth 23
Slide 24: Tropicana - A Tier 1 asset with a Tier 1 partner
Tropicana - A Tier 1 asset with a Tier 1 partner in a Tier 1 mining jurisdiction Strong platform in a Tier 1 location Darwin Tropicana (30%) NT Underground and open pit mining MCPHILLAMYS QLD Combined milling capacity of ~9Mtpa WA Total Reserves: 11Mt at 1.8g/t for 930koz DUKETON SA Brisbane TROPICA
Slide 25: Tropicana – a genuine tier 1 asset
Tropicana – a genuine tier 1 asset Long term mine life with no end in sight Potential Mineralisation a future with growth 25
Slide 26: Tropicana – a genuine tier 1 asset
Tropicana – a genuine tier 1 asset Long term mine life with no end in sight Feed from undergrounds increasing year on year Mill throughput at 9-10Mtpa at ~3g/t (25% UG, 75% OP) Open pit feed from Havana commenced in FY23 Commenced exploration drive to evaluate at 1.5g/t reducing lower grade stockpil
Slide 27: Havana, Boston Shaker and Tropicana are exciting underground growth stories
Havana, Boston Shaker and Tropicana are exciting underground growth stories Preliminary works on opening the Havana underground portal has commenced Strong cash generation over the Havana Tropicana life of the mine Boston Shaker Havana South Mine life targeted to 10+ years Underground Reserves outpa
Slide 28: The underground growth optionality across Tropicana is significant
The underground growth optionality across Tropicana is significant Testing at depth to extend life and testing for new mineralisation at Swizzler and Havana South for annual production growth 31m @ 1.8 Swizzler 35m @ 1.6 Havana South a future with growth 28
Slide 29: Tropicana regional geology
Tropicana regional geology Another highly prospective greenstone belt in the goldfields Tropicana discovery opened a new greenstone belt. The tenement package is still relatively underexplored Angel Eyes, Rosetta and Double Vision prospects are within 10km of Tropicana have returned strong economic
Slide 30: McPhillamys – An attractive growth project with significant optionality
McPhillamys – An attractive growth project with significant optionality A top-tier project located in a prolific gold mining region, offering growth optionality Darwin MCPHILLAMYS (100%) A long life open pit project with embedded optionality NT 7Mt process plant for ~200koz pa indicative production
Slide 31: The Lachlan Fold is a prolific mining region
The Lachlan Fold is a prolific mining region Home to some of Australia’s largest gold deposits and McPhillamys represents a significant longer-term opportunity Northparkes Located on the highly endowed Lachlan Fold belt 2.6Moz Au / 2.3Mt Cu which hosts several large scale producers ~2Moz Reserves ov
Slide 32: McPhillamys – a long-life mine with expansion potential
McPhillamys – a long-life mine with expansion potential in a prolific mining region Significant optionality with up to 200koz for 10+years Encouraging drill intercepts Discovery Ridge has 390koz across the road of 85m @ in Resource 1.0g/t at Kings Plains McPhillamys has ~2Moz Reserves a future with
Slide 33: McPhillamys – an update to the Detailed Feasibility Study
McPhillamys – an update to the Detailed Feasibility Study1 Increased confidence in costs with a refined flowsheet • 7Mpta process plant with a 3 stage crushing circuit (inc. HPGR) • 6.9MW ball mill Pre-production (US$): • Conventional CIL circuit ~$75m to ~$100m Site • 90km water supply pipeline inf
Slide 34: A future of growth
A future of growth On greenstone belts the longer you explore the more you find Kalgoorlie- Norseman Belt Belt Ounces >90% ownership of Laverton Belt 160Moz entire belts 40Moz Yilgarn Craton Leonora -Wiluna Murchison Belt 32Moz 32Moz Albany Fraser Southern Archean Belt Cross 15Moz (Tropicana) ~10Moz
Slide 35: A golden opportunity that generates cash and delivers growth
A golden opportunity that generates cash and delivers growth One of the ASX’s largest, unhedged gold producers, generating cash and delivering value accretive growth Delivered meaningful cash build of US$20M in Q3 FY24, with more to come 100% Australian assets with scale and leverage to the gold pri
Slide 36: Further information
Further information Investor Relations + 61 8 9442 2200
Slide 37: Reserve Table
Reserve Table ORE RESERVES as at 31 December 2022 (Regis Attributable) 3 Gold Proved Probable Total Ore Reserve Competent Person Gold Gold Gold Cut-Off Tonnes Gold Metal Tonnes Gold Metal Tonnes Gold Metal Project1 Equity Type 2 Grade Grade Grade (g/t) (Mt) (koz) (Mt) (koz) (Mt) (koz) (g/t) (g/t) (g
Slide 38: Resource Table
Resource Table MINERAL RESOURCES as at 31 December 2022 (Regis Attributable) Gold Measured Indicated Inferred Total Resource Competent Person2 Gold Gold Gold Gold Gold Gold Gold Gold 1 Cut-Off Tonnes Tonnes Tonnes Tonnes Project Equity Type Grade Metal Grade Metal Grade Metal Grade Metal (g/t) (Mt)