Regis Resources Limited · ASX:RRL

Regis Resources — Shareholder Meeting (November 2018)

28 slides from Regis Resources's shareholder meeting presentation, Nov 23, 2018

  1. Slide 1: Regis Resources Ltd Annual General Meeting

    1 For personal use only REGIS RESOURCES LTD ANNUAL GENERAL MEETING 23 NOVEMBER 2018

  2. Slide 2: Disclaimer & Competent Persons Statement

    DISCLAIMER & COMPETENT PERSONS 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 the

  3. Slide 3: Corporate Overview

    CORPORATE OVERVIEW For personal use only • Issued capital1 507.2 million shares Shareholder Distribution (% issued shares) • Market capitalisation2 A$2,262 billion Australian Institutions 5% 9% • Cash and gold on hand3 A$190 million USA Institutions 29% • Borrowings3 Nil 27% UK Institutions • Reserv

  4. Slide 4: Duketon Operations - FY18

    DUKETON OPERATIONS - FY18 Gold production from three processing plants and five pits. For personal use only Combined mill capacity of ~10mtpa  MOOLART WELL PLANT  Moolart Well  Gloster  GARDEN WELL PLANT  Garden Well  Erlistoun  ROSEMONT PLANT  Rosemont 4

  5. Slide 5: FY2018 Operational Results

    FY2018 OPERATIONAL RESULTS Duketon continues to deliver strong cashflow. For personal use only OPERATIONS FY18 FY17  FY18 production 361,373 oz at top end of Ore mined (Mbcm) 4.6 4.6 guidance  FY18 grade of 1.19g/t: 7% higher than FY17 Waste mined (Mbcm) 20.1 25.6  Positive impact of grade from f

  6. Slide 6: FY2018 Operations

    FY2018 OPERATIONS Solid performance with normal operational variations For personal use only Tonnes mined Strip ratio (w:o) 3.5 8.0 Dry tonnes milled Head grade (g/t) 3.0 1.40 3.0 6.0 2.5 1.20 STRIP RATIO (W:O) MILLION TONNES 2.5 HEAD GRADE (g/t) MILLION TONNES 1.00 2.0 2.0 4.0 0.80 1.5 1.5 0.60 1.0

  7. Slide 7: FY2018 – Financial Results

    FY2018 – FINANCIAL RESULTS For personal use only RECORD FINANCIAL RESULTS  Gold revenue up 11% to $604.4 million • 14% higher gold sales volume and delivered gold price of $1,676/oz in line with prior year  Net profit after tax up 26% to record $174.2 million • Earnings per share up 25% to 34.60cp

  8. Slide 8: FY2018 - Cashflow Waterfall

    FY2018 - CASHFLOW WATERFALL For personal use only Cash & Gold on Hand - FY2018 $500 $300.8m $450 $400 $350 ($80.7m) $300 ($46.0m) $ MILLIONS ($32.8m) $250 ($39.1m) $208.8m $200 ($36.9m) $151.7m ($8.2m) $150 $100 $50 - Strong cash-flow from operations of $300.8m for FY2018 underpinned payment of $80.

  9. Slide 9: Regis Core Objectives

    REGIS CORE OBJECTIVES For personal use only  Maintain or increase gold production  Maintain or improve operating margin  Replenish or increase gold reserves 9

  10. Slide 10: Duketon – Core Objectives

    DUKETON – CORE OBJECTIVES For personal use only Maintaining strong margin and good cost control 2,000 Consistently replacing reserves 1,500 A$ per ounce Reserves Production Cumulative Production 1,000 2.5 500 0 2.0 Gold Price Delivered price AISC Ounces (million) 1.5 1.4moz 400 2019 Guidance 1.0 370

  11. Slide 11: Strong Performance on All Profit Measures

    STRONG PERFORMANCE ON ALL PROFIT MEASURES1 For personal use only 1 2 350 Cumulative Dividends Paid 300 250 $ MILLIONS 200 150 326 245 100 170 50 75 75 105 0 2013 2014 2015 2016 2017 2018 1 FY2014 NPAT, EBITDA adjusted to underlying result by excluding $202.7m after a one of tax impairment charge . 2

  12. Slide 12: Future Growth

    FUTURE GROWTH Where is the future production coming from? For personal use only Supplementing high margin open pits with high grade underground feed in WA and developing McPhillamys in NSW.  Future “organic” growth:  “More of the same” from Duketon open pit operations: • Baneygo • Moolart Well • P

  13. Slide 13: Rosemont Underground

    ROSEMONT UNDERGROUND Maiden underground resource forms basis of mining study For personal use only Rosemont South Pit Rosemont Main Pit Aim is to establish a viable U/G mine on these two positions and then grow the scale of mining inventory and operations from that platform. Gold Gold KEY STATISTICS

  14. Slide 14: Rosemont Underground

    ROSEMONT UNDERGROUND The real underground value is all about opportunity For personal use only Aim is to establish a viable U/G mine on these two positions and then grow the scale of mining inventory and operations from that platform 14

  15. Slide 15: Garden Well Underground

    GARDEN WELL UNDERGROUND Multiple high grade shoots exist below Garden Well pit For personal use only  At least 4 high grade zones below southern end of GW pit  Zone of continuous mineralisation 4-10m true widths & 300m N-S strike  100 – 300m below surface, dipping east and open to south  Signifi

  16. Slide 16: Duketon Gold Project

    DUKETON GOLD PROJECT Tenements of over 1040 km2 For personal use only • Is our Duketon ground well understood and our knowledge mature? • Since 2006 – drilled 1,400,000m • Built a resource of +7.7 million Ounces • Have we fully defined what’s there? 16

  17. Slide 17: Duketon Gold Project

    DUKETON GOLD PROJECT At first look it may appear well explored For personal use only • Is our Duketon ground well understood and our knowledge mature? • Since 2006 – drilled 1,400,000m • Almost 16,000 holes drilled 17

  18. Slide 18: Duketon Gold Project

    DUKETON GOLD PROJECT But exploration doesn’t extend far below the surface For personal use only • Is our Duketon ground well understood and our knowledge mature? • Almost 16,000 holes drilled • But 47% are less than 100m 18

  19. Slide 19: Duketon Gold Project

    DUKETON GOLD PROJECT But exploration doesn’t extend far below the surface For personal use only • Is our Duketon ground well understood and our knowledge mature? • Almost 16,000 holes drilled • ~15% are more than 200m deep 19

  20. Slide 20: Duketon Gold Project

    DUKETON GOLD PROJECT For personal use only • Is our Duketon ground well understood and our knowledge mature? • Almost 16,000 holes drilled • ~7% are more than 300m deep Key points: • Virtually no deep exploration (underground resource) undertaken beyond Rosemont and Garden Well • A significant area

  21. Slide 21: Duketon at Depth – The Next Chapter

    DUKETON AT DEPTH – THE NEXT CHAPTER Pursuing this opportunity For personal use only  Concerted campaign of drilling at Rosemont has proved the underground thesis  Garden Well following the same path  Tooheys Well and Baneygo next  The bigger picture is we aim to define resources to 1,000 metres

  22. Slide 22: McPhillamys (NSW)

    McPHILLAMYS (NSW) An Organic Growth Project For personal use only PFS Results1 Ore milled (Million tonnes) 60.1 Grade (g/t) 1.05 Recovery (%) 85 LOM gold produced (oz) 1,728,000 Avg annual production (oz) 192,000 Mine life (years) 9 Strip ratio (volume w:o) 4.29 Pre-production capex (A$m) +/-25% 215

  23. Slide 23: McPhillamys EIS and DFS Update

    McPHILLAMYS EIS and DFS update For personal use only  PEA formally submitted and DPE provided Regis with EARs during Q1  EIS work continuing with formal submission planned early in Q3  Establishing CCC as required by DPE for a State Significant Project.  Formalises path forward for the significa

  24. Slide 24: Status Summary

    STATUS SUMMARY For personal use only  Q1 gold production 90,879 ounces at AISC of A$923/oz  Another very strong operational quarter at the Duketon project  Production above mid-point of FY19 guidance & AISC below bottom of guidance  Continued strong cash-flow from operations $77.9m for Q1 (Q4: $

  25. Slide 25: Regis Core Objectives

    REGIS CORE OBJECTIVES Keep on Creating Value For personal use only FY19 Guidance 340-370koz @ AISC $985 - 1050/oz  Maintain or increase gold production  Maintain or improve operating margin  Replenish or increase gold reserves 25

  26. Slide 26: Regis Resources Ltd Annual General Meeting

    26 For personal use only REGIS RESOURCES LTD ANNUAL GENERAL MEETING 23 NOVEMBER 2018

  27. Slide 27: JORC Compliant Ore Reserve Estimates March 2018

    APPENDIX 1 JORC COMPLIANT ORE RESERVE ESTIMATES 31 MARCH 2018 For personal use only Group Ore Reserves as at 31 March 2018 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)

  28. Slide 28: JORC Compliant Mineral Resources March 2018

    APPENDIX 2 JORC COMPLIANT MINERAL RESOURCES 31 MARCH 2018 For personal use only Group Mineral Resources as at 31 March 2018 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

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