Regis Resources Limited · ASX:RRL
Regis Resources — Euroz Securities 2011 Rottnest Island Conference
24 slides from Regis Resources's conference presentation, Mar 8, 2011
Slide 1: Euroz Investor Presentation cover letter
ABN 28 009 174 761 8 March 2011 www.regisresources.com Level 1 1 Alvan Street Manager Announcements Subiaco WA 6008 Australia Company Announcements Office For personal use only PO Box 862 Australian Securities Exchange Limited Subiaco WA 6904 Australia Level 4, 20 Bridge Street P 08 9442 2200 Sydney
Slide 2: Building a quality gold business
3/7/2011 For personal use only Building a quality gold business Mark Clark Managing Director March 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 presen
Slide 3: Board and corporate snapshot
3/7/2011 For personal use only Mark Clark Managing g g Director Nick Giorgetta Chairman Morgan Hart Operations Director Appointed to RRL board by shareholders in May 2009 All previously exec directors of Equigold NL Ross Kestel Non Exec Mark Okeby Non Exec 3 2.5 8 7 2 ASX Code RRL 6 Share
Slide 4: Moolart Well location
3/7/2011 For personal use only 5 Located 350km north‐ north east of Kalgoorlie 100% Regis owned 6 3
Slide 5: Regis resources and reserves overview
3/7/2011 For personal use only 387 granted leases 2,030km2 of ground 5.7 Moz resources1 2.1Moz reserves1 Garden Well 1.34Moz reserve 2.1 Moz resource Note 1 – full breakdown of these reserves and resources in accordance with JORC is set out in Appendix 1 & 2 to this presentation 7 Total Rese
Slide 6: Reserve ounces versus peers
3/7/2011 For personal use only 2,200 2,000 1 800 1,800 Ounces (thousands) 1,600 1,400 1,200 1,000 800 600 400 200 0 RRL CAH IGO SAR NGF NAV RMS CRE DOM IGR SBM AVO FML SLR TAM Source: Euroz Securities 9 10 5
Slide 7: Moolart Well geology and mining
3/7/2011 For personal use only Transported cover of approx 5m. Laterite ore zone averages 4m (max 20m). Oxide mineralisation from base of laterite to base of oxidation (averages 70m). 11 Mining Only laterites to date 3 starter pits 1.0MT at 1.46 g/t 10% of laterite reserve 8% of tota
Slide 8: Operations and LOM costs
3/7/2011 For personal use only Operations – LOM forecast Costs – LOM forecast Open pit mining – truck & shovel A$/oz Primary crushing, crushing SAG mill & CIL Mining 244 plant. Milling 211 Lab & admin 40 Mill throughput 2.0Mtpa Cash costs 495 Mine life > 6 years Rehab 5 Average production 90koz pa R
Slide 9: Erlistoun resource and reserve
3/7/2011 For personal use only 15 Resource 277koz1. Cash costs A$609/oz 4.6MT at 1.88g/t On basis truck to Moolart Well 7km from Garden Well Reserve (Jan 11) Will be processed at Garden Well 2.7MT at 2.36g/t – 203koz1 Note 1 – full breakdown of these reserves and resources in accordance with JORC is
Slide 10: Debt, cash and hedging
3/7/2011 For personal use only 17 Debt Drawn to A$30m First repayment of A$10m due 30 Jun 11 Cash $21.5m at 31Dec 10 Hedging 166koz of hedging 135koz at A$1,340/oz – 12koz/qtr 2010 – 2013 31koz at A$1,398/oz – spot deferred 18 9
Slide 11: Goal and strategy to build reserves
3/7/2011 For personal use only 19 Goal Build reserves to +2.5 5 million ounces in 12 months Strategy March 2011 reserve update at Garden Well Moolart Well oxides Resource conversion drilling Optimisation of current reserves Prioritise and drill satellite resources Drill new prospects &
Slide 12: Satellite deposits and resource conversion drilling
3/7/2011 For personal use only 7 regional satellite deposits (excluding MW, GW and Erlistoun) 1 1Moz1 Resources of 1.1Moz None more than 15km away from either MW or GW All on granted mining leases Drill outs and reserve studies planned Garden Well Incremental reserve ounces 1.34Moz reserve 2.1 Moz r
Slide 13: Garden Well drilling status
3/7/2011 For personal use only 23 Drilling Status – Dec 2010 Discovery hole Nov 09 i 433 aircore h l d holes ill d drilled 152 RC holes drilled 15 diamond holes drilled 70,000+ metres drilled Significant results over 1,040m off strike. t ik Mineralistion confirmed to depth of approx 270 metres and s
Slide 14: Garden Well drill intersections
3/7/2011 For personal use only Hole From (m) To (m) Intersection Grade (g/t) (m) GDAC038 60 110 50 2.36 GDAC037 41 92 51 2.78 GDAC036 65 109 44 3 65 3.65 GDAC032 71 104 33 3.17 GDAC031 44 64 20 2.90 GDAC024 40 82 42 2.02 GDAC022 32 51 19 3.99 GDAC002 51 124 73 3.61 GDAC005 42 111 69 4.26 GDAC014 46
Slide 15: Garden Well maiden reserve and updated resource
3/7/2011 For personal use only Maiden Ore Reserve (Dec 10) » 27.5Mt at 1.52g/t for 1.34Moz1 » Forecast opex A$523/oz » 95% of reserve is shallower than 180m In I pit it resource (indicated (i di t d & inferred) i f d) » 30.8Mt at 1.49g/t for 1.48Moz2 (Opex A$499/oz) Note 1 – full breakdown of th
Slide 16: Garden Well cross section
3/7/2011 For personal use only Mineralisation open at depth & south Diamond drill assays pending Open at RC drilling pending Depth in south Open to Gram metre plot = South intersection metres x grade 30 Diamond drilling not yet included in reserve 22m @ 4.23g/t 15
Slide 17: Garden Well feasibility and metallurgy
3/7/2011 For personal use only Diamond drilling not yet included in reserve 20m @ 2.91g/t Feasibility & development work underway Mining leases granted and licensing proceeding Metallurgical testing complete – excellent results Recoveries > 95% in 24hr at course grind of 150µm High gravity
Slide 18: Financing and development timeline
3/7/2011 For personal use only Financing Internal funding Restructure of existing debt Target development timeline Reserve update Mar 11 quarter Feasibility study & finance June 11 quarter Commence construction Sept 11 quarter Commence production Sept 12 quarter 35 36 17
Slide 19: Gold in soil anomalies at palaeochannel
3/7/2011 For personal use only Moolart Well Gold in soil anomalies sit h margin off the at the h tertiary palaeochannel Regional application 37 Garden Well 30km south of Moolart Well 3 – 25 ppb gold in soil anomaly on edge of palaeochannel Discovery holes at end of traverse 38 18
Slide 20: Regional exploration targets
3/7/2011 Moolart Well Tertiary palaeochannel paPalaeochannel Regis Tenure 3 ‐ 7ppb Au Lag Soil 8 ‐ 24ppb Au Anchor 25 ‐ 75 ppb Au For personal use only > 75 ppb Au 30km long gold bearing Dogbolter structure between Moolart Well ll & Garden d Wellll Gold Numerous target areas where Targets structure
Slide 21: Reserve growth pipeline and production forecast
3/7/2011 For personal use only 3 unces) 2.5 Reserves (Million ou 2 1.5 1 0.5 0 R 2008 2009 2010 2011 2012 Moolart Well Erlistoun Garden Well Satellites Reserve growth pipeline Not reliant on discovery or acquisition 41 300,000 2013 + 7 years 250,000 Production (ounces) 200,000 150,000 100,000 50
Slide 22: Regis production versus Australian producers
3/7/2011 For personal use only 300,000 1.37moz NCM 250,000 5 , Gold production (ounces)) 200,000 150,000 100,000 oz Regis 100,000 G 50,000 ‐ Source of 2009/10 production stats – Surbiton Assoc Quarterly Review Regis production is a forecast for FY2012 43 Note 1 – Australian production of overseas do
Slide 23: Summary
3/7/2011 For personal use only Moolart Well Gold Mine In p production 90 ‐ 100koz p pa Low technical risk Strong cashflows Garden Well project Resource 2.14Moz and growing Maiden reserve 1.34Moz 34 and upgrade pg p pendingg Mar11 qqtr Stand alone operation – target production Sept 12
Slide 24: Appendix: reserves and resources tables
3/7/2011 Proven Probable Total For personal use only Cut‐ off Project grade gold grade gold grade gold MT MT MT Grade g/t koz g/t koz g/t koz g/t Garden Well 27.5 1.52 1,340 27.5 1.52 1,340 0.60 Moolart Well Laterite 9.5 1.44 437 0.6 0.98 19 10.1 1.41 455 0.50 Oxide 1.2 1.85 71 1.2 2.02 77 2.4 1.94
Regis Resources — Euroz Securities 2011 Rottnest Island Conference on 6ix