Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

REGIS RESOURCES LIMITED AGM Information 2018

Nov 22, 2018

65733_rns_2018-11-22_12e1c11b-2388-4ccc-a6c5-9f75f5c9c958.pdf

AGM Information

Open in viewer

Opens in your device viewer

1

REGIS RESOURCES LTD

==> picture [128 x 108] intentionally omitted <==

ANNUAL GENERAL MEETING 23 NOVEMBER 2018

DISCLAIMER & COMPETENT PERSONS STATEMENT

==> picture [57 x 49] intentionally omitted <==

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 geology of Regis’ projects, may rely on various assumptions and subjective interpretations which it is not possible to detail in this presentation and which have not been subject to any independent verification.

This presentation contains a number of forward-looking statements. Known and unknown risks and uncertainties, and factors outside of Regis’ control, may cause the actual results, performance and achievements of Regis to differ materially from those expressed or implied in this presentation. To the maximum extent permitted by law, Regis does not warrant the accuracy, currency or completeness of the information in this presentation, nor the future performance of Regis, and will not be responsible for any loss or damage arising from the use of the information. The information contained in this presentation is not a substitute for detailed investigation or analysis of any particular issue. Current and potential investors and shareholders should seek independent advice before making any investment decision in regard to Regis or its activities.

The information in this presentation that relates to Exploration Results is extracted from the ASX announcement released 19 October 2018 entitled “Quarterly Report to 30 September 2018” and for which Competent Person’s consents were obtained. The Competent Person’s consents remain in place for subsequent releases by the Company of the same information in the same form and context, until the consent is withdrawn or replaced by a subsequent report and accompanying consent.

The information in this presentation that relates to Mineral Resources or Ore Reserves is extracted from the Mineral Resource and Ore Reserve Statement released to the Australian Securities Exchange on 27 July 2018 and for which Competent Person’s consents were obtained. The Competent Person’s consents remain in place for subsequent releases by the Company of the same information in the same form and context, until the consent is withdrawn or replaced by a subsequent report and accompanying consent.

The Company confirms that it is not aware of any new information or data that materially affects the information included in the original ASX announcements released on 27 July 2018 and 19 October 2018 and in the case of estimates of Mineral Resources or Ore Reserves, that all material assumptions and technical parameters underpinning the estimates in the original ASX announcement continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original ASX announcement.

ASX announcements are available on the Company’s website at www.regisresources.com.au

2

CORPORATE OVERVIEW

==> picture [57 x 49] intentionally omitted <==

  • Issued capital[1]

507.2 million shares

Shareholder Distribution (% issued shares)

  • Market capitalisation[2]

  • Cash and gold on hand[3]

  • Borrowings[3]

  • Reserves[4]

  • Resources[4]

  • A$2,262 billion

  • A$190 million

  • Nil

  • 4.1 Moz

  • 7.9 Moz

Australian Institutions 5%[9%] USA Institutions 29% 27% UK Institutions Rest of Europe Institutions 30% Other

  • FY2019 Guidance:

Board and Management

  • 340,000 – 370,000 ounces

  • AISC[5] of A$985 – 1,055/oz

  • James Mactier –Chairman

  • Jim Beyer – Managing Director

  • Paul Thomas – Executive Director

  • S&P ASX Gold – XGD

  • Fiona Morgan – Independent Non-Executive Director

  • Mark Okeby – Deputy Chairman

  • S&P ASX 200 – XAT

  • Ross Kestel – Independent Non-Executive Director

  • S&P ASX All Ords - XAO

  • Kim Massey – Chief Financial Officer and Co. Secretary

  • Appendix 3B 9 November 2018

  • At $4.46/share, 22 November 2018

  • As at 30 September 2018

  • Tony Hinkley – General Manager Operations

  • Tara French – General Manager Exploration

  • ASX release – Ore Resource and Reserves – 27 July 2018 5. AISC calculated on a per ounce of production basis

3

DUKETON OPERATIONS - FY18

. Gold production from three processing plants and five pits

==> picture [57 x 49] intentionally omitted <==

Combined mill capacity of ~10mtpa

  • MOOLART WELL PLANT

  • Moolart Well

  • Gloster

  • GARDEN WELL PLANT

  • Garden Well

  • Erlistoun

  • ROSEMONT PLANT

  • Rosemont

==> picture [281 x 375] intentionally omitted <==

4

FY2018 OPERATIONAL RESULTS

Duketon continues to deliver strong cashflow.

==> picture [57 x 49] intentionally omitted <==

OPERATIONS

  • FY18 production 361,373 oz at top end of guidance

  • FY18 grade of 1.19g/t: 7% higher than FY17

  • Positive impact of grade from full year production from Gloster & Erlistoun

COSTS

  • FY18 cash costs $721/oz & AISC[1] $901/oz

  • Both below bottom of FY18 guidance range

OPERATING CASH-FLOW[2]

  • FY18 operating cashflow $301m (FY17: $256m)

  • Continued strong operating cashflow underpinning cash build and dividends

FY18 FY17
Ore mined (Mbcm) 4.6 4.6
Waste mined (Mbcm) 20.1 25.6
Stripping ratio (w:o) 4.4 5.6
Ore mined (Mtonnes) 10.6 10.8
Ore milled (Mtonnes) 10.0 9.8
Head grade (g/t) 1.19 1.11
Recovery (%) 94 93
Gold production
(ounces ‘000)
361 324
Cash cost (A$/oz) 721 790
Cash cost inc royalty
(A$/oz)
794 864
All in Sustaining Cost
(A$/oz)1
901 945
  1. AISC calculated on a per ounce of production basis.

  2. Operating cash flow is quoted under the Appendix 5B classification protocol and as such does not include payments for pre-strip and deferred mining costs as these are classified as investing activities.

5

FY2018 OPERATIONS Solid performance with normal operational variations

==> picture [57 x 49] intentionally omitted <==

==> picture [672 x 380] intentionally omitted <==

----- Start of picture text -----

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
2.5
1.00
2.0 2.0
4.0 0.80
1.5 1.5
0.60
1.0 2.0 1.0
0.40
0.5
0.5 0.20
- -
- -
Gold produced (oz) AISC ($/oz)
97% 100 1,200
Recovery (%)
95% 1,000
75
800
93%
50 600
91%
400
89% 25
200
87%
- -
MILLION TONNES STRIP RATIO (W:O)
MILLION TONNES HEAD GRADE (g/t)
PERCENTAGE (%) OUNCES ('000) $ PER OUNCE
----- End of picture text -----

6

FY2018 – FINANCIAL RESULTS

==> picture [57 x 49] intentionally omitted <==

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 34.60cps

  • EBITDA up 23% to $312.5 million

  • Strong EBITDA margin of 51.5%

  • Net cash from operating activities of $259.7 million up 26% from the previous year • Record gold production of 361,373oz at AISCs of $901 per ounce

  • Cash and bullion at 30 June 2018 of $208.8[*] million, an increase of $57 million after the payment of $81 million in dividends and $33 million in exploration expenditure

DIVIDEND

  • Final dividend of 8cps ($40.4 million) paid on 26 September 2018

  • Full Year Dividends declared for FY2018 of 16cps up 7% from FY2017

  • Includes bullion on hand classified as inventory and valued at the delivered gold price subsequent to 30 June 2018 (ie 3,838oz’s at $1,700/oz))

7

FY2018 - CASHFLOW WATERFALL

==> picture [57 x 49] intentionally omitted <==

Cash & Gold on Hand - FY2018

==> picture [567 x 226] intentionally omitted <==

----- Start of picture text -----

$500
$300.8m
$450
$400
$350 ($80.7m)
($46.0m)
$300
($32.8m)
$250
($39.1m) $208.8m
$200 ($36.9m)
$151.7m ($8.2m)
$150
$100
$50
-
$ MILLIONS
----- End of picture text -----

==> picture [82 x 66] intentionally omitted <==

==> picture [32 x 40] intentionally omitted <==

==> picture [33 x 42] intentionally omitted <==

==> picture [31 x 39] intentionally omitted <==

Strong cash-flow from operations of $300.8m for FY2018 underpinned payment of $80.7 million in dividends during the year.

1 Operating cash flow differs from the statutory Statement of Cash Flow “net cash from operating activities” as it is quoted under the Appendix 5B classification protocol and includes movement in gold bullion on hand.

8

REGIS CORE OBJECTIVES

==> picture [57 x 49] intentionally omitted <==

 Maintain or increase gold production

 Maintain or improve operating margin

 Replenish or increase gold reserves

==> picture [666 x 234] intentionally omitted <==

9

DUKETON – CORE OBJECTIVES

==> picture [57 x 49] intentionally omitted <==

Maintaining strong margin and good cost control

==> picture [330 x 366] intentionally omitted <==

----- Start of picture text -----

Consistently replacing reserves
Reserves Production Cumulative Production
2.5
2.0
1.5
1.4moz
1.0
0.5
-
2015 2016 2017 2018
Excludes McPhillamys and Rosemont Underground
Ounces (million)
----- End of picture text -----

==> picture [348 x 380] intentionally omitted <==

----- Start of picture text -----

2,000
1,500
1,000
500
0
Gold Price Delivered price AISC
400
2019 Guidance
370
360
340
320
361
280
324
310 305
240
269 272
200
2013 2014 2015 2016 2017 2018 2019
A$ per ounce
Ounces (000’s)
----- End of picture text -----

10

STRONG PERFORMANCE ON ALL PROFIT MEASURES[1]

==> picture [57 x 49] intentionally omitted <==

==> picture [318 x 185] intentionally omitted <==

==> picture [318 x 185] intentionally omitted <==

----- Start of picture text -----

2
----- End of picture text -----

==> picture [318 x 185] intentionally omitted <==

----- Start of picture text -----

1
----- End of picture text -----

==> picture [318 x 194] intentionally omitted <==

----- Start of picture text -----

350 Cumulative Dividends Paid
300
250
200
326
150
245
100
170
50 105
75 75
0
2013 2014 2015 2016 2017 2018
$ MILLIONS
----- End of picture text -----

1 FY2014 NPAT, EBITDA adjusted to underlying result by excluding $202.7m after a one of tax impairment charge .

2 EBITDA is an adjusted measure of earnings before interest, taxes, depreciation and amortisation. EBITDA is non-IFRS financial information and is not subject to audit. The measure is included to assist investors to better understand the performance of the business.

11

FUTURE GROWTH

Where is the future production coming from?

==> picture [57 x 49] intentionally omitted <==

Supplementing high margin open pits with high grade underground feed in WA and developing McPhillamys in NSW.

  • “More of the same” from Duketon open pit operations:

  • Moolart Well

  • Garden Well

  • Rosemont

  • Tooheys Well

  • Gloster

  • Erlistoun

  • Dogbolter

==> picture [117 x 113] intentionally omitted <==

  • Future “organic” growth:

  • Baneygo

  • Petra

  • Garden Well open pit reserve extension

  • Rosemont underground

  • • Garden Well underground

• 2 million ounce McPhillamys development

  • Anchor

12

ROSEMONT UNDERGROUND

Maiden underground resource forms basis of mining study

==> picture [57 x 49] intentionally omitted <==

==> picture [704 x 197] intentionally omitted <==

----- Start of picture text -----

Rosemont South Pit
Rosemont Main Pit
----- End of picture text -----

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.

Project1 Tonnes
(Mt)
Gold
Grade
(g/t)
Gold
Metal
(koz)
Rosemont Main 0.4 7.19 102
Rosemont South 1.0 4.14 128
Total 1.4 5.10 230

KEY STATISTICS[1]

  • Pre-production capital $29 million

  • Max Cumulative cash outflow $39 million  Average mining rate 480 - 600ktpa

  • Operating cost $1,154/oz  Mine Life plus 3 years  Portal development March Q 2019

  • Refer to Regis ASX announcement released on 3 August 2018 for further details.

13

ROSEMONT UNDERGROUND

The real underground value is all about opportunity

==> picture [57 x 49] intentionally omitted <==

==> picture [648 x 366] intentionally omitted <==

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

GARDEN WELL UNDERGROUND

Multiple high grade shoots exist below Garden Well pit

==> picture [57 x 49] intentionally omitted <==

==> picture [558 x 257] intentionally omitted <==

 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

 Significant results in Q1 include:

 6m @ 2.90 g/t Au from 211m   11m @ 3.87 g/t Au from 231m 17m @ 4.99 g/t Au from 190m  14m @ 3.48 g/t Au from 195m  4m @ 7.98 g/t Au from 236m

15

DUKETON GOLD PROJECT

Tenements of over 1040 km[2]

==> picture [57 x 49] intentionally omitted <==

  • 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?

==> picture [336 x 447] intentionally omitted <==

16

DUKETON GOLD PROJECT

At first look it may appear well explored

==> picture [57 x 49] intentionally omitted <==

  • Is our Duketon ground well understood and our knowledge mature?

  • Since 2006 – drilled 1,400,000m

  • Almost 16,000 holes drilled

==> picture [338 x 448] intentionally omitted <==

17

DUKETON GOLD PROJECT

But exploration doesn’t extend far below the surface

==> picture [57 x 49] intentionally omitted <==

  • Is our Duketon ground well understood and our knowledge mature?

  • Almost 16,000 holes drilled

  • But 47% are less than 100m

==> picture [334 x 444] intentionally omitted <==

18

DUKETON GOLD PROJECT

But exploration doesn’t extend far below the surface

==> picture [57 x 49] intentionally omitted <==

  • Is our Duketon ground well understood and our knowledge mature?

  • Almost 16,000 holes drilled

  • ~15% are more than 200m deep

==> picture [336 x 447] intentionally omitted <==

19

DUKETON GOLD PROJECT

==> picture [57 x 49] intentionally omitted <==

  • 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 of our leases is yet to be methodically explored.

  • Installed and operating capacity of ~10mtpa available to utilise

Represents Great Opportunity

==> picture [339 x 450] intentionally omitted <==

20

DUKETON AT DEPTH – THE NEXT CHAPTER

Pursuing this opportunity

==> picture [57 x 49] intentionally omitted <==

==> picture [303 x 183] intentionally omitted <==

Upgraded Rosemont Coreyard

==> picture [302 x 194] intentionally omitted <==

  • 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 below surface by 2020.

  • How do we expedite and deliver that?

  • District scale – magnetotellurics

    • Measures electrical & magnetic fields to significant depths

    • Cost effective regional targeting at depth

  • Mine scale - currently advanced in assessing applicability of seismic (geophysics) survey

    • Rosemont first & then other deposits
  • Follow up with targeted RC and DD programmes

Pre-collar drilling (foreground), diamond tail drilling (background) – Rosemont South

21

McPHILLAMYS (NSW)

An Organic Growth Project

==> picture [57 x 49] intentionally omitted <==

==> picture [347 x 242] intentionally omitted <==

  • Located in Central-West NSW

  • Well established gold mining district

  • Cadia, Cowal, Northparkes

  • Gold resource 2.31Moz

  • Gold reserve 2.03 Moz

  • All 100% Regis owned

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$m)+/-25% 215
Operating cost (A$/oz) 919
AISC (A$/oz)
NPV5%post capex, pre tax(@ A$1600/oz)(A$m)
990
525
  • Definitive Feasibility Study completion in Q3 and while subject to numerous variables CAPEX indications are towards the upper end of the range ($215 +/-25%).

  • Discovery Ridge being pursued as a viable higher grade source for the early years. MRE[2] of 13.8Mt @ 1.1g/t for ~500koz.

  • Refer to Regis ASX announcement released on 8 September 2017 for further details. 2. Refer to Regis ASX announcement released on 23 February 2017 for further details.

22

McPHILLAMYS

EIS and DFS update

==> picture [333 x 371] intentionally omitted <==

PEA – Preliminary Environmental Assessment EIS – Environmental Impact Statement DFS – Definitive Feasibility Study

==> picture [57 x 49] intentionally omitted <==

  • 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 significant community consultation already underway

  • DFS completion expected Q3

  • Subject to numerous variables, capex indications are towards upper end of 2017 PFS estimate range ($215m +/- 25%)

  • Exciting Discovery Ridge project to be included in DFS & expected to deliver significant value

  • Investment decision expected Q3

  • Development timetable to be updated on completion of DFS

DPE – NSW Department of Planning & Environment CCC – Community Consultative Committee

EARs – Secretary’s Environmental Assessment Requirements

23

STATUS SUMMARY

==> picture [57 x 49] intentionally omitted <==

  • 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: $85.3m)

  • Cash and bullion holdings were $190m (Q4: $209m)

  • $15.3m growth capex spent on satellite prestrips & TSF lifts (FY19f: $40m significantly weighted to H1)

  • Board approved development of Rosemont UG operation

  • Portal to be developed in Q3, development ore Sept19Q and production ore Dec19Q

  • Exploration results indicating expansion opportunities beyond current stoping/resources

  • Exploration efforts continue to deliver:

  • Early stage drilling of Garden Well high grade underground targets very positive and suggest GW to follow same path as RMT

  • Very strong extensional results at Discovery Ridge in NSW – exciting addition to MGP

  • McPhillamys EIS and DFS work continuing

  • PEA submitted and EARs issued, facilitating completion of EIS and DFS in Q3

  • Investment decision expected Q3

24

REGIS CORE OBJECTIVES Keep on Creating Value

==> picture [57 x 49] intentionally omitted <==

FY19 Guidance 340-370koz @ AISC $985 - 1050/oz

 Maintain or increase gold production

==> picture [173 x 185] intentionally omitted <==

 Maintain or improve operating margin

 Replenish or increase gold reserves

==> picture [248 x 124] intentionally omitted <==

==> picture [134 x 178] intentionally omitted <==

==> picture [454 x 127] intentionally omitted <==

25

==> picture [720 x 91] intentionally omitted <==

----- Start of picture text -----

26
----- End of picture text -----

REGIS RESOURCES LTD

==> picture [127 x 108] intentionally omitted <==

ANNUAL GENERAL MEETING 23 NOVEMBER 2018

APPENDIX 1 JORC COMPLIANT ORE RESERVE ESTIMATES 31 MARCH 2018

==> picture [57 x 49] intentionally omitted <==

Group Ore Reserves

Group Ore Reserves Group Ore Reserves Group Ore Reserves Group Ore Reserves Group Ore Reserves Group Ore Reserves Group Ore Reserves Group Ore Reserves Group Ore Reserves Group Ore Reserves Group Ore Reserves Group Ore Reserves Group Ore Reserves
as at 31 March 2018
Gold Proved Probable Total Ore Reserve Competent
Person3
Project Type Cut-Off
(g/t)2
Tonnes
(Mt)
Gold Grade
(g/t)
Gold Metal
(koz)
Tonnes
(Mt)
Gold Grade
(g/t)
Gold Metal
(koz)
Tonnes
(Mt)
Gold Grade
(g/t)
Gold Metal
(koz)
Moolart Well1 Open-Pit > 0.4 1.3 0.91 38 1.4 0.79 36 2.7 0.85 74 C
Garden Well1 Open-Pit > 0.4 5.6 0.71 128 15.8 0.94 474 21.4 0.88 603 C
Rosemont1 Open-Pit > 0.4 2.0 1.24 80 6.5 1.32 276 8.5 1.31 356 C
Duketon Main Deposits Sub Total 8.9 0.86 246 23.7 1.03 787 32.6 0.99 1,033
Tooheys Well5 Open-Pit > 0.5 0.0 - 0 7.1 1.61 366 7.1 1.61 366 C
Gloster1 Open-Pit > 0.4 1.0 0.88 28 6.3 0.93 190 7.3 0.93 217 C
Erlistoun1 Open-Pit > 0.5 0.1 1.10 3 3.4 1.39 154 3.5 1.39 157 C
Baneygo Open-Pit > 0.5 - - - 4.0 1.22 158 4.0 1.22 158 C
Petra Open-Pit > 0.4 - - - 0.9 1.11 31 0.9 1.11 31 C
Dogbolter Open-Pit > 0.4 - - - 1.6 1.18 61 1.6 1.18 61 C
Anchor Open-Pit > 0.4 - - - 0.1 1.87 7 0.1 1.87 7 C
Duketon Satellite Deposits Sub Total 1.1 0.90 31 23.4 1.28 966 24.5 1.27 998
McPhillamys4 Open-Pit > 0.4 - - - 60.1 1.05 2,034 60.1 1.05 2,034 C
Regis Grand Total 10.0 0.86 278 107.2 1.10 3,787 117.2 1.08 4,065
Notes
2. Cutoff grades vary according to oxidation and lithology domains. Refer to Group Ore Reserves Lower Cut Notes.
3. Refer to Group Competent Person Notes.
4. As reported 8th September 2017
5. As reported 4th July 2017
1. Mineral Resources and Ore Reserves are reported inclusive of ROM Stockpiles at cut-off grade of 0.4 g/t.
The above data has been rounded to the nearest 100,000 tonnes, 0.01 g/t gold grade and 1,000 ounces. Errors of summation may occur due to rounding.

Notes

The above data has been rounded to the nearest 100,000 tonnes, 0.01 g/t gold grade and 1,000 ounces. Errors of summation may occur due to rounding.

  1. Mineral Resources and Ore Reserves are reported inclusive of ROM Stockpiles at cut-off grade of 0.4 g/t.

  2. Cutoff grades vary according to oxidation and lithology domains. Refer to Group Ore Reserves Lower Cut Notes.

  3. Refer to Group Competent Person Notes.

  4. As reported 8th September 2017

  5. As reported 4th July 2017

27

APPENDIX 2 JORC COMPLIANT MINERAL RESOURCES 31 MARCH 2018

==> picture [57 x 49] intentionally omitted <==

Group Mineral Resources
as at 31 March 2018
Group Mineral Resources
as at 31 March 2018
Group Mineral Resources
as at 31 March 2018
Group Mineral Resources
as at 31 March 2018
Group Mineral Resources
as at 31 March 2018
Group Mineral Resources
as at 31 March 2018
Group Mineral Resources
as at 31 March 2018
Group Mineral Resources
as at 31 March 2018
Group Mineral Resources
as at 31 March 2018
Group Mineral Resources
as at 31 March 2018
Group Mineral Resources
as at 31 March 2018
Group Mineral Resources
as at 31 March 2018
Group Mineral Resources
as at 31 March 2018
Group Mineral Resources
as at 31 March 2018
Group Mineral Resources
as at 31 March 2018
Group Mineral Resources
as at 31 March 2018
Gold Measured Indicated Inferred Total Resource Competent
Person2
Project Type Cut-Off
(g/t)
Tonnes
(Mt)
Gold Grade
(g/t)
Gold Metal
(koz)
Tonnes
(Mt)
Gold Grade
(g/t)
Gold Metal
(koz)
Tonnes
(Mt)
Gold Grade
(g/t)
Gold Metal
(koz)
Tonnes
(Mt)
Gold Grade
(g/t)
Gold Metal
(koz)
Moolart Well1 Open-Pit 0.4 5.1 0.82 135
17.1 0.69 377 11.6 0.70 261 33.8 0.71 773 A
Garden Well1 Open-Pit 0.4 6.5 0.71 147 51.6 0.83 1,377
10.8 0.76 264 68.9 0.81 1,787 A
Rosemont1 Open-Pit 0.4 2.5 1.20 95 14.9 1.17 562 0.8 1.36 36.58 18.3 1.20 694 A
Rosemont5 Underground 2.0 - - - - - - 1.4 5.10 230
1.4 5.10 230
B
Duketon Main Deposits Sub Total 14.1 0.83 378 83.6 0.86 2,315 24.6 1.00 792 122.4 0.89 3,485
Tooheys Well3 Open-Pit 0.4 0.0 0.86 0 15.8 1.18 601 1.1 0.89 31
17.0 1.16 633 A
Gloster1 Open-Pit 0.4 1.0 0.88 28 11.7 0.79 297 5.8 0.66 123 18.4 0.75 447 A
Baneygo Open-Pit 0.4 - - -
9.2 0.96 283 1.9 0.95 57 11.1 0.96 340 A
Erlistoun1 Open-Pit 0.4 0.1 1.10 3 5.3 1.27 215
0.6 0.99 19
5.9 1.24 237 A
Dogbolter Open-Pit 0.4 - - - 4.0 1.04 141
0.1 1.39 5
4.1 1.10 146 A
Russells Find Open-Pit 0.4 - - - 2.2 1.06 75 0.3 0.98 11 2.5 1.05 86 A
Petra Open-Pit 0.4 - - - 1.3 1.07 44 0.8 0.67 18 2.1 0.91 62 A
KingJohn Open-Pit 0.4 - - - - - - 0.8 1.56 42 0.8 1.56 42 A
Reichelts Find Open-Pit 0.4 - - - 0.6 2.18 43 0.3 2.26 21 0.9 2.21 64 A
Anchor Open-Pit 0.4 - - - 0.2 1.75 9 0.1 0.95 2 0.2 1.53 11
A
Duketon Satellite Deposits Sub Total 1.1 0.90 31 50.2 1.06 1,707 11.8 0.87 329 63.2 1.02 2,067
Duketon Total 15.2 0.84 409 133.8 0.93 4,022 36.5 0.96 1,121 185.5 0.93 5,552
McPhillamys4 Total 0.4 - - - 67.7 1.05 2,282 1.2 0.64 25.46 68.9 1.04 2,307 A
Regis Grand Total 15.2 0.84 409 201.6 0.97 6,304 37.7 0.95 1,146 254.5 0.96 7,859
Notes
The above data has been rounded to the nearest 100,000 tonnes, 0.01 g/t gold grade and 1,000 ounces. Errors of summation may occur due to rounding.
All Mineral Resources are reported inclusive of Ore Reserves to JORC Code 2012 unless otherwise noted.
3. As reported 4th July 2017
4. As reported 8th September 2017
5. As reported 12th March 2018
1. Mineral Resources and Ore Reserves are reported inclusive of ROM Stockpiles at cut-off grade of 0.4 g/t.
2. Refer to Group Competent Person Notes.

Notes

The above data has been rounded to the nearest 100,000 tonnes, 0.01 g/t gold grade and 1,000 ounces. Errors of summation may occur due to rounding. All Mineral Resources are reported inclusive of Ore Reserves to JORC Code 2012 unless otherwise noted.

  1. Mineral Resources and Ore Reserves are reported inclusive of ROM Stockpiles at cut-off grade of 0.4 g/t.

  2. Refer to Group Competent Person Notes.

  3. As reported 4th July 2017

  4. As reported 8th September 2017

  5. As reported 12th March 2018

28