Regis Resources Limited · ASX:RRL
Regis Resources — Diggers & Dealers 2019
27 slides from Regis Resources's conference presentation, Aug 6, 2019
Slide 1: Diggers & Dealers 2019
For personal use only Diggers & Dealers 2019 JIM BEYER – Managing Director & CEO ASX:RRL
Slide 2: Cautionary Statement
2 CAUTIONARY STATEMENT For personal use only This presentation contains only a brief overview of Regis Resources Limited and its affects the information included in the Relevant ASX Announcements and in each case the associated entities (“Regis or RRL") and their respective activities and operations
Slide 3: Corporate Overview
3 CORPORATE OVERVIEW CAPITAL STRUCTURE 12 MONTH SHARE PRICE PERFORMANCE For personal use only ASX Code RRL 20 7.00 Issued capital1 508.1 million shares 6.50 15 6.00 Market capitalisation2 A$2.8B 5.50 Millions $AUD 10 5.00 Cash and gold on hand3 A$205M 4.50 5 4.00 Borrowings3 Nil 3.50 0 3.00 Resource
Slide 4: Quality Projects in Prolific Mining Regions
4 QUALITY PROJECTS IN PROLIFIC MINING REGIONS For personal use only DUKETON OPERATIONS (10Mtpa) MCPHILLAMYS PROJECT • Moolart Well Operation • Development project • Rosemont Operation to an open pit mine • Garden Well Operation ~200kozpa gold. • DFS target completion 2019
Slide 5: Corporate Highlights
5 CORPORATE HIGHLIGHTS Proven Australian gold producer and explorer For personal use only A$2.8B company with 8.2Moz in Resources and 4.0Moz in Reserves Strong dividend stream with cumulative payments of $A367m since 2013 MOOLART WELL 2.5Mtpa Among the lowest cost gold producers globally with consis
Slide 6: Our People – The Foundation of Our Success
6 OUR PEOPLE – THE FOUNDATION OF OUR SUCCESS For personal use only 35 30 25 20 15 12mma TRIFR* • Focus on ensuring training is right • Risk management process upgrade • Trending incident hotspots under detailed review * Total Reported Injury Frequency Rate – LTI+RWI+MTI – key internal Regis metric
Slide 7: Industry Leader in Low Cost Production
7 INDUSTRY LEADER IN LOW COST PRODUCTION For personal use only $1,600 International peers (2019E) ALL-IN SUSTAINING COSTS 2019 (US$/OZ) Australian peers (2019A) $1,400 $1,200 $1,000 AISC (US$/oz) $800 $600 $400 $200 $0 Source: Canaccord Genuity – July 2019. FX Assumption – 0.70AUD/1USD
Slide 8: Continued Reserve Growth
8 CONTINUED RESERVE GROWTH For personal use only The major contributors to the near replacement in CONSISTENTLY REPLACING RESERVES FY2019 of Ore Reserves were: 4.5 o Maiden Underground Ore Reserve at 4.06 4.03 4.0 Rosemont of 123,000 ounces; and 3.5 o 89,000 ounces at Moolart Well – Extra McPhillamy
Slide 9: Continuing Production Growth
9 CONTINUING PRODUCTION GROWTH Current In-Production Sources For personal use only STRONG MARGINS, GOOD COST CONTROL • Rosemont AND STEADY OUTPUT GROWTH • Garden Well 2200 380 • Moolart Well 370 2000 370 363 • Tooheys Well 361 1800 360 • Anchor 1600 350 • Dogbolter 340 1400 340 • Gloster 1200 330 •
Slide 10: Growth Strategy Continues
10 GROWTH STRATEGY CONTINUES For personal use only Underground Rosemont Garden Well Baneygo Tooheys Well Gloster Moolart Well Garden Well Baneygo Tooheys Well Gloster Open Pits Extension Expansion Development Expansion Expansion Discovery New Projects McPhillamys Ridge Active projects New sustaining
Slide 11: Rosemont Underground
11 ROSEMONT UNDERGROUND First development ore delivered in July PFS1 (Apr 2019) Commencement Capital A$36 million For personal use only Cumulative Cash Outflow A$41 million Average Mining Rate 480 - 600ktpa Operating Cost A$1,120/oz Mine Life 58mths First Ore Sept Q 2019 First U/G ore to mill • UG R
Slide 12: Garden Well Underground
12 GARDEN WELL UNDERGROUND The next UG development option taking shape For personal use only HIGH-GRADE SOUTHERN PLUNGE HIGHLIGHTS UG POTENTIAL Zone of continuous mineralisation up to 10m true widths & 300m N-S strike and extends mineralisation >300m below surface Recent Highlights : • 17m @ 5.0 g/t
Slide 13: Baneygo Underground Potential
13 BANEYGO UNDERGROUND POTENTIAL Multiple high grade intercepts under Central Pit demonstrate potential For personal use only • Quartz dolerite host, same geology and mineralisation style as Rosemont • High-grade vein systems expected to grow Recent Highlights: • 3m @ 12.7 g/t Au • 3m @ 11.6 g/t Au
Slide 14: Shallow Exploration Drilling Has Discovered 7.7Moz Since 2006
14 SHALLOW EXPLORATION DRILLING HAS DISCOVERED 7.7Moz SINCE 2006 For personal use only WHY STILL SO MUCH PROSPECTIVITY? • Over 1,400,000 metres of drilling from approx. 16,000 holes • Virtually no deep exploration undertaken beyond Rosemont and Garden Well • Only 5% of drill holes deeper than 200m (
Slide 15: McPhillamys Gold Project
MCPHILLAMYS GOLD PROJECT 15 100% owned and one of Australia’s larger undeveloped open pittable gold resources. For personal use only ANNUAL PRODUCTION AND MILLED GRADE 250 1.6 Mineral Resource PRE-FEASIBILITY STUDY PHYSICALS1 1.4 200 2.29 Moz of gold 1.2 Ore milled (Million tonnes) 60.1 Ounces (000’
Slide 16: McPhillamys Gold Project
16 MCPHILLAMYS GOLD PROJECT An organic growth project For personal use only • Located in NSW, 30km East of Cadia • Development Application with the Environmental Impact Statement lodged in July 19 • Definitive Feasibility Study to update the PFS and incorporate requirements emanating from the result
Slide 17: Discovery Ridge Project
17 DISCOVERY RIDGE PROJECT For personal use only OPEN PIT SATELLITE PROJECT • Located 32km southwest of McPhillamys • Mineral Resource – 10.4Mt @ 1.2 g/t Au for 391koz Indicative pit outline • Infill drilling results have confirmed historical gold intersections • Near surface higher-grade mineralisa
Slide 18: Growth Strategy Continues
18 GROWTH STRATEGY CONTINUES For personal use only Underground Rosemont Garden Well Baneygo Tooheys Well Gloster Moolart Well Garden Well Baneygo Tooheys Well Gloster Open Pits Extension Expansion Development Expansion Expansion Discovery New Projects McPhillamys Ridge Active projects New sustaining
Slide 19: Medium Term Outlook
19 MEDIUM TERM OUTLOOK For personal use only STEADY PRODUCTION GROWTH WITH INCREASING UG CONTRIBUTION Future Potential Production Step Change • McPhillamys Gold Project • Discovery Ridge 400,000 Potential Incremental Production at Duketon Production (ounces) Beyond • Garden Well UG FY22 • Baneygo UG
Slide 20: Investment Highlights
20 INVESTMENT HIGHLIGHTS For personal use only Reliable production performance with consistent internal growth from the Duketon Operations in Western Australia Record annual gold production of 363,418 ounces with AISC of $1,029 per ounce for FY2019 Cumulative dividend payments at A$367m since 2013 P
Slide 21: Further information
For personal use only Further information: Jim Beyer | Managing Director & CEO + 61 8 9442 2200 21
Slide 22: Appendix
APPENDIX 1 JORC COMPLIANT ORE RESERVE ESTIMATES 31 MARCH 2018 For personal use only APPENDICES 22
Slide 23: Spot Deferred – Flexible Protection Gold Hedge Book
23 “SPOT DEFERRED” – FLEXIBLE PROTECTION GOLD HEDGE BOOK (31 July 2019) 23 Regis’ hedge position stands at ~455koz at an average of A$1,618/oz. There is no requirement for For personal use only these to be ‘sold into’ in any specific time frame. Regis is currently actively managing the process of se
Slide 24: Project Pipeline
24 PROJECT PIPELINE For personal use only Moolart Well Ext. Baneygo – Idaho Gloster UG McPhillamys Dogbolter - Anchor Garden Well UG Discovery Ridge Gloster OP Baneygo Moolart Well OP Duketon Regional Garden Well OP Expansion Garden Well OP Beamish Tooheys UG Garden W
Slide 25: Group Ore Reserves (31 March 2019)
APPENDIX 1 JORC COMPLIANT ORE RESERVE ESTIMATES 312019) MARCH 2018 25 GROUP ORE RESERVES (31 March For personal use only
Slide 26: Group Mineral Resources (31 March 2019)
26 26 GROUP MINERAL RESOURCES (31 March 2019) For personal use only
Slide 27: Further information
For personal use only Further information: Jim Beyer | Managing Director & CEO + 61 8 9442 2200 27