Regis Resources Limited · ASX:RRL
Regis Resources — Macquarie Securities Conference 2019
34 slides from Regis Resources's conference presentation, May 1, 2019
Slide 1: Corporate Update
For personal use only Corporate Update 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only a brief overview of Regis Resources Limited and its information in the same form and context, until the consent is withdrawn or replaced by a associated entities (“Regis or RRL") and their respective activities and operatio
Slide 3: Corporate Overview
3 CORPORATE OVERVIEW CAPITAL STRUCTURE 12 MONTH SHARE PRICE PERFORMANCE For personal use only ASX Code RRL 12 6.00 Issued capital1 507.8 million shares 10 5.50 Market capitalisation2 A$2.5B 8 5.00 Millions $AUD 6 4.50 Cash and gold on hand3 A$187M 4 4.00 2 3.50 Borrowings3 Nil 0 3.00 Resources4 7.9M
Slide 4: Corporate Highlights
4 CORPORATE HIGHLIGHTS Proven Australian gold producer and explorer For personal use only A$2.5B company with 7.9Moz in Resources and 4.1Moz 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 5: Industry Leader in Low Cost Production
5 INDUSTRY LEADER IN LOW COST PRODUCTION For personal use only $1,300 ALL-IN SUSTAINING COSTS 2019E (US$/OZ) International peers Australian peers $1,200 AISC $1,100 $1,000 AISC (US$/oz) $900 $800 $700 $600 $500 $400 Source: Canaccord Genuity – Feb 2019. FX Assumption – 0.72AUD/1USD
Slide 6: Quality Projects in Prolific Mining Regions
6 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 7: Years of Growth
7 10 YEARS OF GROWTH Production and reserve growth through exploration success and targeted acquisitions For personal use only 2009 2019 $50m equity raising Garden Well & Debt facility fully Multiple satellite pits McPhillamys Maiden UG development plus $50m debt Rosemont development repaid by 2013
Slide 8: Our People
8 OUR PEOPLE For personal use only We continue to drive a performance based culture, underpinned by our values We create a workplace where all our people can perform to their full potential everyday Our investment in developing our people is delivering results We strive to deliver exceptional busine
Slide 9: Sustainability
9 SUSTAINABILITY We create value through our social leadership For personal use only A demonstrated commitment to the effective environmental management of all activities Board focus on ESG and Safety Creating an inclusive and diverse workplace Consistent sustainability performance Engage and suppor
Slide 10: Production & Reserve Growth
10 PRODUCTION & RESERVE GROWTH For personal use only CONSISTENTLY STRONG MARGINS, GOOD COST CONTROL REPLACING RESERVES AND STEADY OUTPUT GROWTH 4.5 370 2000 370 4.06 4.0 361 1800 2019 360 Guidance 3.5 1600 350 McPhillamys Deposit 3.0 1400 340 340 Ounces (million) 1200 330 Ounces (000's) A$ per ounce
Slide 11: Growth Strategy Continues
11 GROWTH STRATEGY CONTINUES For personal use only Underground Rosemont Garden Well Baneygo Tooheys Well Gloster Optimisation Optionality Garden Well Baneygo Tooheys Well Gloster Open Pits Expansion Development Expansion Expansion $1400-$1600/oz Discovery New Projects McPhillamys Ridge Active projec
Slide 12: Development Rosemont Underground - Development
DEVELOPMENT 12 ROSEMONT UNDERGROUND - DEVELOPMENT High grade ore delivery commences FY2020 Mining Study PFS1 (Aug 2018) (Apr 2019) For personal use only Commencement A$39 million A$36 million Capital Cumulative A$39 million A$41 million cash outflow Average 480 - 600ktpa 480 - 600ktpa mining rate Op
Slide 13: Exploration Rosemont Underground - Extensions
EXPLORATION 13 ROSEMONT UNDERGROUND - EXTENSIONS Resources continue to grow on Central zone drilling success For personal use only CENTRAL ZONE DELIVERS MINE LIFE EXTENSION • Infill drilling has delivered a maiden high-grade resource of 0.2Mt @ 7.5 g/t Au for 50koz • Drilling expected to continue to
Slide 14: Rosemont Underground - Extensions: 2D Seismic Survey
EXPLORATION 14 ROSEMONT UNDERGROUND - EXTENSIONS For personal use only 2D SEISMIC SURVEY HIGHLIGHTS POTENTIAL GOLD FEEDER STRUCTURE BENEATH ROSEMONT • The 12km long 2D high resolution seismic reflection survey line was designed to image the mineralised quartz dolerite • A strong moderate east dippin
Slide 15: Garden Well Underground
EXPLORATION 15 GARDEN WELL UNDERGROUND For personal use only HIGH-GRADE SOUTHERN PLUNGE HIGHLIGHTS UG POTENTIAL • Zone of continuous mineralisation up to 10m true widths & 300m N-S strike • Extends mineralisation >300m below surface Highlights : • 17m @ 5.0 g/t Au • 14m @ 3.9 g/t Au • 14m @ 4.3 g/t
Slide 16: Baneygo Underground Potential
EXPLORATION 16 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: • 12 metres @ 3.0 g/t Au •
Slide 17: McPhillamys Gold Project - NSW
STUDIES 17 MCPHILLAMYS GOLD PROJECT - NSW An organic growth project For personal use only • 100% owned and one of Australia’s larger undeveloped open pittable gold resources • Project Located 250km west of Sydney, • Mineral Resource 2.31Moz of gold • Ore Reserve 2.03 Moz of gold • Environmental Impa
Slide 18: McPhillamys Gold Project
STUDIES 18 MCPHILLAMYS GOLD PROJECT For personal use only 250 ANNUAL GOLD PRODUCTION AND MILLED GRADE 1.6 1.4 200 1.2 Ounces (000’s) (g/t) Au 150 1 0.8 100 0.6 0.4 50 0.2 0 0 Yr1 Yr2 Yr3 Yr4 Yr5 Yr6 Yr7 Yr8 Yr9 Ounces Recovered Milled Grade (g/t) PRE-FEASIBILITY STUDIES RESULTS1 Ore milled (Million
Slide 19: Discovery Ridge Project
STUDIES 19 DISCOVERY RIDGE PROJECT For personal use only OPEN PIT SATELLITE PROJECT • Located 32km southwest of McPhillamys • Mineral Resource1 – 31.8Mt @ 1.1 g/t Au for 501koz • Infill drilling results have confirmed historical gold intersections • Near surface higher-grade mineralisation to add si
Slide 20: Growth Strategy Continues
20 GROWTH STRATEGY CONTINUES For personal use only Underground Rosemont Garden Well Baneygo Tooheys Well Gloster Optimisation Optionality Garden Well Baneygo Tooheys Well Gloster Open Pits Expansion Development Expansion Expansion $1400-$1600/oz Discovery New Projects McPhillamys Ridge Active projec
Slide 21: Why Still So Much Prospectivity?
EXPLORATION 21 WHY STILL SO MUCH PROSPECTIVITY? Because we have literally only just scratched the surface For personal use only Shallow exploration drilling has discovered ~7.7Moz since 2006 ~1,400,000 metres of drilling from ~16,000 holes Virtually no deep exploration undertaken beyond Rosemont and
Slide 22: Investment Highlights
22 INVESTMENT HIGHLIGHTS For personal use only Consistent production performance with excellent internal growth opportunities from the Duketon Operations in Western Australia Strong first half revenue and net profit after tax of A$317.2m and A$79.9m respectively which represents a net profit margin
Slide 23: Further information
For personal use only Further information: Jim Beyer | Managing Director & CEO + 61 8 9442 2200 23
Slide 24: Appendix: JORC Compliant Ore Reserve Estimates
APPENDIX 1 JORC COMPLIANT ORE RESERVE ESTIMATES 31 MARCH 2018 For personal use only APPENDICES 24
Slide 25: Project Pipeline
25 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 ▪ Rosemont UG ▪ Tooheys UG ▪ Gard
Slide 26: Underground Opportunities
For personal use only U NDERGROUND OPPORTUNITIES FUTURE GROWTH OPPORTUNITIES UNDERGROUND
Slide 27: Baneygo Underground
EXPLORATION 27 BANEYGO UNDERGROUND For personal use only LIMITED DRILLING BELOW OPEN PIT RESOURCES DEMONSTRATES EARLY UG POTENTIAL • 5km of economic open pit mineralisation (1km longer than Rosemont) • Quartz dolerite host, same geology and mineralisation style as Rosemont • Drill coverage analogous
Slide 28: Tooheys Well Underground
EXPLORATION 28 TOOHEYS WELL UNDERGROUND For personal use only HIGHER-GRADE SHOOT BEGINNING TO TAKE SHAPE Significant intercepts extending mineralisation >200m below pit design and has a strike length of >200m Recent Highlights: • 6m @ 5.1 g/t Au • 4m @ 5.0 g/t Au • 13m @ 3.6 g/t Au • 11m @ 3.8 g/t A
Slide 29: Future Growth Opportunities: Open Pits
For personal use only FUTURE GROWTH OPPORTUNITIES OPEN PITS
Slide 30: Open Pit - Garden Well Expansion
STUDIES 30 OPEN PIT – GARDEN WELL EXPANSION For personal use only OPEN PIT EXPANSION STUDIES COMMENCED • Southern extension contains significant high grade mineralisation • Stage 6 cutback has the potential to add ~10mt to OP mine plan • UG vs OP economic analysis set to provide final pit design alo
Slide 31: Resources and Reserves
For personal use only RESOURCES AND RESERVES
Slide 32: JORC Compliant Ore Reserve Group Estimates
APPENDIX 1 JORC COMPLIANT 32 ORE RESERVE GROUP ESTIMATES ORE RESERVES 312018) (31 March MARCH 2018 For personal use only
Slide 33: JORC Compliant Mineral Resources March 2018
APPENDIX 2 33 JORC COMPLIANT MINERAL RESOURCES 31 MARCH 2018 33 GROUP MINERAL RESOURCES (31 March 2018) For personal use only
Slide 34: Further information
For personal use only Further information: Jim Beyer | Managing Director & CEO + 61 8 9442 2200 34
Regis Resources — Macquarie Securities Conference 2019 on 6ix