Regis Resources Limited · ASX:RRL
Regis Resources — Q1 FY2017 Earnings Presentation
23 slides from Regis Resources's earnings presentation, Oct 14, 2016
Slide 1: Regis Resources September 2016 Quarterly Report & Exploration Update
For personal use only 1 1 REGIS RESOURCES LTD SEPTEMBER 2016 QUARTERLY REPORT & EXPLORATION UPDATE
Slide 2: Disclaimer & Competent Persons Statement
DISCLAIMER & COMPETENT PERSONS 22 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
Slide 3: Review of FY2017 Q1 Operations
REVIEW OF FY2017 Q1 OPERATIONS For personal use only 3 3 DUKETON CONTINUES TO DELIVER STRONG CASHFLOW Q1 Q4 OPERATIONS FY17 FY16 Q1 production 74,612 ounces Ore mined (Mbcm) 1.1 1.1 Run rate consistent with FY16 and at lower end FY17 guidance of 300-330koz Waste mined (Mbcm) 5.8 6.2 Production
Slide 4: Duketon
4 DUKETON 4 For personal use only NB re Graph 4 – Regis commenced reporting All in Sustaining Cost in the September 2015 quarter
Slide 5: FY2017 Q1 Operating Results
FY2017 Q1 OPERATING RESULTS For personal use only 5 5 Duketon Northern Duketon Southern Operations Operations Total Q1 Q4 Q1 Q4 Q1 Q4 Ore mined (Mbcm ) 0.4 0.4 0.7 0.7 1.1 1.1 Waste mined (Mbcm) 1.9 1.8 3.9 4.4 5.8 6.2 Stripping ratio (w:o) 5.2 4.4 5.3 6.3 5.3 5.6 Ore mined (Mtonnes) 0.8 0.8 1.9 1.8
Slide 6: FY2017 Q1 Operating Results: Duketon Northern Operations
FY2017 Q1 OPERATING RESULTS For personal use only 6 6 Duketon Northern Duketon Southern Operations Operations Total Q1 Q4 Q1 Q4 Q1 Q4 Ore mined (Mbcm ) 0.4 0.4 0.7 0.7 1.1 1.1 Waste mined (Mbcm) 1.9 1.8 3.9 4.4 5.8 6.2 Stripping ratio (w:o) 5.2 4.4 5.3 6.3 5.3 5.6 Ore mined (Mtonnes) 0.8 0.8 1.9 1.8
Slide 7: FY2017 Q1 Operating Results: Duketon Southern Operations
FY2017 Q1 OPERATING RESULTS For personal use only 7 7 Duketon Northern Duketon Southern Operations Operations Total Q1 Q4 Q1 Q4 Q1 Q4 Ore mined (Mbcm ) 0.4 0.4 0.7 0.7 1.1 1.1 Waste mined (Mbcm) 1.9 1.8 3.9 4.4 5.8 6.2 Stripping ratio (w:o) 5.2 4.4 5.3 6.3 5.3 5.6 Ore mined (Mtonnes) 0.8 0.8 1.9 1.8
Slide 8: Cashflow Waterfall
8 CASHFLOW WATERFALL 8 For personal use only Cash & Gold on Hand - Q1 Movements $190.0m $180.0m $59.6m $170.0m $160.0m $150.0m $140.0m ($45.0m) $130.0m $123.3m $120.0m ($13.0m) ($4.3m) $110.0m ($6.8m) $103.2m $100.0m ($8.5m) ($2.1m) $90.0m Strong cash-flow from operations of $59.6m for Q1 and cash b
Slide 9: Dividend
9 DIVIDEND 9 For personal use only 2016 Final dividend declared 9 cents per share fully franked ($45 million) Paid 31 August 2016 Interim dividend 4 cps fully franked ($20m paid February 2016) Full year (13cps) payout key metrics: 13% of FY16 revenue 3.2% basic dividend yield* 4.6% gross
Slide 10: Gloster Gold Deposit: Moving Towards Production
DEVELOPMENT FAMOUS BLUE GEOLOGY 10 10 GLOSTER GOLD DEPOSIT For personal use only MOVING TOWARDS PRODUCTION Simple low strip open cut mining and All statutory approvals for development in road haulage operation place Low startup capex - $7m in FY2017. Road construction, MW camp expansion Mo
Slide 11: Tooheys Well: 547,000 Ounce Maiden Resource
11 TOOHEYS WELL 11 For personal use only ORGANIC GROWTH CONTINUES – 547,000 OUNCE MAIDEN RESOURCE Tonnes Gold Grade Gold Metal (Mt) (g/t) (koz) Tooheys Well Inferred Mineral Resource at 0.4g/t lower cut 14.6 1.16 547 Further details on maiden Tooheys Well Inferred Resource can be found in ASX announ
Slide 12: Tooheys Well: 547,000 Ounce Maiden Resource
12 TOOHEYS WELL 12 For personal use only ORGANIC GROWTH CONTINUES – 547,000 OUNCE MAIDEN RESOURCE Tonnes Gold Grade Gold Metal (Mt) (g/t) (koz) Tooheys Well Inferred Mineral Resource at 0.4g/t lower cut 14.6 1.16 547 Resource above 1.0g/t cut-off is 6.7Mt at 1.77g/t for 379,000 ounces – 70% of quo
Slide 13: Exploration Update: Significant Results at Duketon
13 EXPLORATION UPDATE 13 For personal use only SIGNIFICANT RESULTS AT DUKETON IN SEPT16Q Completed 51,268m (Q4: 37,179m) of drilling on 12 gold projects Tooheys Well – 2.5km S of Garden Well • RC drilling continues to return high grades • EM survey & extensional drilling in Q2 Rosemont South • S
Slide 14: Tooheys Well Gold Project
TOOHEYS WELL GOLD PROJECT For personal use only 1414 A SIGNIFICANT NEW PROJECT Gold shear zones hosted by chert, shale and BIF Early shallow AC holes ineffective 2013 RC drilling found Western shear 2015 drilling defined a parallel Eastern shear Extensive drill-out in 2015 and 16 culminate
Slide 15: Tooheys Well Gold Prospect Drilling Cross Section
TOOHEYS WELL GOLD PROSPECT For personal use only 15 15 DRILLING CROSS SECTION 6909340mN Steep E dipping high grade gold shear Chert BIF and shale host rocks Weathered 80-160m Significant intercepts 39m @ 2.86g/t from 53m 17m @1.90g/t from 95m 27m @ 2.48g/t from 55m 50m @ 2.75g/t from
Slide 16: Exploration Upside: Tooheys Well-Garden Well Corridor
EXPLORATION UPSIDE 1616 TOOHEYS WELL-GARDEN WELL CORRIDOR For personal use only UNTESTED POTENTIAL NORTH & SOUTH OF TOOHEYS WELL North TW structure interpreted to join gold shear zones at Chert Ridge (GW) 2.5km north. Early drilling encouraging: 15m @1.15g/t & 25m @ 1.41g/t Drilling planned
Slide 17: Rosemont South Project
ROSEMONT SOUTH PROJECT For personal use only 1717 POTENTIAL FOR OPEN PIT & UNDERGROUND MINING INVENTORY EXTENSION Testing high grade shoots 50-300m below surface over 500m strike, some outside reserves Drilled 47 holes for 4,643m in Q1 Significant results pointing to both open pit and undergro
Slide 18: Rosemont South Project: Drill Results in Q1
ROSEMONT SOUTH PROJECT For personal use only 18 18 DRILL RESULTS IN Q1 Gold hosted in a steeply east dipping 345° trending quartz-dolerite unit Gold mineralised quartz-dolerite unit is approx 80m wide. Q1 Results 10m @ 30.11g/t Au from 48m 4m @ 7.72g/t Au from 52m 2m @ 18.48g/t Au from 7
Slide 19: Rosemont Main - Underground
19 ROSEMONT MAIN - UNDERGROUND 19 For personal use only 3D long section from south east showing planned Rosemont South & Main drilling, phase 1 and 2 DRILLING UNDERWAY TO TEST UNDERGROUND POTENTIAL BELOW ROSEMONT MAIN PIT Numerous high grade exploration and resource-def intercepts below RMT pit de
Slide 20: McPhillamys (NSW): Infill Drilling Underway for PFS
20 McPHILLAMYS (NSW) 20 For personal use only INFILL DRILLING UNDERWAY FOR PFS Located Central-West NSW • Well established gold mining district • Cadia, Cowal, Northparkes +45Moz* Gold resource 2.2Moz - 100% Regis Conceptual studies show viable project Infill Drilling Underway • 25,000m ($3m
Slide 21: Recap of Presentation
RECAP OF PRESENTATION For personal use only 21 21 Q1 gold production 74,612 ounces at AISC of A$946/oz Production run rate at bottom end of FY17 guidance as production set to • increase over balance of year as satellite projects come on line • AISC at lower end of FY17 guidance Cash-flow from op
Slide 22: Appendix: JORC Compliant Ore Reserve Estimates March 2016
APPENDIX 1 JORC COMPLIANT 22 22 ORE RESERVE ESTIMATES 31 MARCH 2016 For personal use only Group Ore Reserves as at 31 March 2016 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
Slide 23: Appendix: JORC Compliant Mineral Resources March 2016
APPENDIX 2 23 23 JORC COMPLIANT MINERAL RESOURCES 31 MARCH 2016 Group Mineral Resources For personal use only as at 31 March 2016 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