Regis Resources Limited · ASX:RRL
Regis Resources — Shareholder Meeting (October 2008)
22 slides from Regis Resources's shareholder meeting presentation, Oct 23, 2008
Slide 1: Annual General Meeting – 23 October 2008
For personal use only David Walker CEO & Managing Director Annual General Meeting – 23 October 2008 23 October 2008 AGM
Slide 2: Forward-Looking Statements
Forward-Looking Statements For personal use only This presentation contains “forward-looking statements”. Such forward-looking statements may include, without limitation: ¾ Estimates of future results of exploration activities; ¾ Estimates of future cash flow; ¾ Estimates of future capital expenditu
Slide 3: Board and Management
Board and Management For personal use only MICHAEL FOLIE Shell Australia, Billiton, Acacia Resources Non-Executive Chairman DAVID WALKER CRA, CS First Boston, ABN AMRO CEO & Managing Director PAUL DOWD Newmont Australia, Adelaide Resources Non-Executive Director 23 October 2008 3 AGM
Slide 4: Project Location – Western Australia
Project Location – Western Australia For personal use only ¾ Eastern Goldfields region ¾ Laverton area ¾ One of Australia’s major gold producing regions 23 October 2008 4 AGM
Slide 5: WA Properties – Gold and Nickel
WA Properties – Gold and Nickel For personal use only ¾ The major landholding in the Duketon Belt ¾ Over 600 granted mineral licences and applications ¾ In excess of 4,000 sq km of prospective ground ¾ Gold – Duketon region ¾ Nickel – Collurabbie belt 23 October 2008 5 AGM
Slide 6: Duketon
Duketon For personal use only 23 October 2008 6 AGM
Slide 7: Duketon Gold Project – A New Development
Duketon Gold Project – A New Development For personal use only ¾ Duketon gold mining area ¾ Moolart Well key asset Discovered in 2001 Moved to 100% in 2006 ¾ 9 separate deposits, all on granted Mining Leases ¾ Franco Nevada 2% Royalty 23 October 2008 7 AGM
Slide 8: Moolart Well Gold Deposit
Moolart Well Gold Deposit For personal use only Looking North 23 October 2008 8 AGM
Slide 9: Moolart Well – Laterite Zone (to 20m)
Moolart Well – Laterite Zone (to 20m) For personal use only ¾ + Five kilometre mineralised zone ¾ Up to 1.5 km wide ¾ Drilled 2,755 holes and 255,470 assays ¾ JORC M+I+I resource of 496,000 oz ¾ JORC P+P reserves of 442,142 oz (96% proven) ¾ Down to 20m vertical depth only ¾ Average cover of 6m ¾ Av
Slide 10: Laterite Ore Metallurgy
Laterite Ore Metallurgy For personal use only ¾ Average 11% gravity gold recovery ¾ 94% total gold recovery, 24 hours ¾ low CN consumption 0.26 kg/t ¾ Lime consumption 6 kg/t ¾ BWI of 17 ¾ Wet met recovery grade higher 8-18% 23 October 2008 10 AGM
Slide 11: Moolart Well – Oxide Zone (20-70m)
Moolart Well – Oxide Zone (20-70m) For personal use only ¾ Between 20-70m vertical depth ¾ 577,000 oz in JORC M+I+I resource ¾ Most zones open along strike and at depth ¾ Significant high grade >10 oz/t intercepts ¾ Primary structures most evident in lower oxide zone 23 October 2008 11 AGM
Slide 12: Oxide Ore Metallurgy
Oxide Ore Metallurgy For personal use only ¾ 6-71% gravity gold recovery ¾ 94% total gold recovery, 24 hours ¾ low CN consumption of 0.2 kg/t ¾ Lime consumption 4.3 kg/t ¾ Wet met grades 6-65% above drill grades 23 October 2008 12 AGM
Slide 13: Duketon Gold Resources
Duketon Gold Resources For personal use only Regis Resources Ltd Resource Statement Duketon Gold Measured Indicated Inferred Total Resources cut-off Project million grade gold million grade gold million grade gold million grade gold grade tonnes g/t koz tonnes g/t koz tonnes g/t koz tonnes g/t koz g
Slide 14: Duketon Reserves
Duketon Reserves For personal use only Proven Probable Total Reserves Duketon Gold Project million grade gold million grade gold million grade gold tonnes g/t koz tonnes g/t koz tonnes g/t koz Moolart Well Laterite 9.4 1.41 425 0.6 0.97 18 9.9 1.39 442 Oxide Sulphide Moolart Well sub-total 9.4 1.41
Slide 15: Project Capital Cost
Project Capital Cost For personal use only 2nd Hand Plant New Plant ¾ 2nd hand 2.0 mtpa ELEMENT 2.0 mtpa $m 2.5 mtpa $m plant $86m Dismantle and transport 8.9 Refurbish Plant 2.7 Processing Plant 35.8 76.1 Civils Site Access Roads 3.1 3.1 ¾ New 2.5 mtpa plant Airstrip Permanent Camp 2.2 6.3 2.2 16.0
Slide 16: Feasibility Study Advanced
Feasibility Study Advanced For personal use only ¾ Targeting 2.5 mtpa, 150 koz pa ¾ 7 years initial life ¾ Based on: ¾ Moolart Well ¾ Erlistoun ¾ Dogbolter ¾ Combined laterite-oxide plan ¾ 36 months laterite only ore ¾ Low-cost scraper mining method ¾ Less than A$500/oz cash costs 23 October 2008 16
Slide 17: Site Infrastructure Plan & Preliminary Plant Design
Site Infrastructure Plan & Preliminary Plant Design For personal use only ¾ Site layout design completed ¾ Sterilisation drilling completed ¾ Access permits underway ¾ Water borefield development advanced Abundant groundwater available 23 October 2008 17 AGM
Slide 18: Permitting
Permitting For personal use only ¾ All 9 deposits on granted Mining Leases ¾ No Native Title issues ¾ Environmental permitting process advanced (2 stages of 5 stage process complete) ¾ Part V EPA Act process determined ¾ Clearing permit approval expected 23 October 2008 18 AGM
Slide 19: Exploration Upside – Duketon
Exploration Upside – Duketon For personal use only Moolart MoolartWell Well ¾ 60 km prospective gold corridor M+I+I: M+I+I: 2,220 2,220koz koz ¾ Poorly explored ¾ Some areas un-explored Dogbolter Dogbolter ¾ All Regis managed 87 87koz koz Rosemont Rosemont 815 815koz koz King KingJohn John Erlistoun
Slide 20: Resource Growth
Resource Growth For personal use only Regis Resources Ltd Project and Equity Resources moz 4.0 3.5 3.0 2.5 2.0 1.5 1.0 0.5 0.0 Nov-07 Oct-08 Aug-04 Jun-05 Jun-06 Jun-07 May-08 Project Resources Equity Resources M&I resources Reserves 23 October 2008 20 AGM
Slide 21: Outlook
Outlook For personal use only ¾Current Situation ¾Equity markets currently closed ¾Debt markets open, but expensive ¾Regis’ Position ¾$13M of cash ¾Strong Financial support ¾Complete Feasibility Study ¾Way forward ¾Wait for markets to stabilise ¾All opportunities being reviewed 23 October 2008 21 AG
Slide 22: Summary
Summary For personal use only ¾ Large resource base in nine deposits ¾ Moolart Well Laterite reserves of 441,509oz ¾ Feasibility Study approaching completion ¾ Strong support from financial community ¾ Gold exploration upside at Moolart Well and in the Moolart Corridor ¾ Strong nickel potential at C