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REGIS RESOURCES LIMITED — Capital/Financing Update 2012
Aug 19, 2012
65733_rns_2012-08-19_15aac0b8-2d3b-4f0b-a272-83fb9be87f60.pdf
Capital/Financing Update
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20 August 2012 Manager Announcements Company Announcements Office Australian Securities Exchange Limited Level 4, 20 Bridge Street Sydney NSW 2000
ABN 28 009 174 761
www.regisresources.com Level 1 1 Alvan Street Subiaco WA 6008 Australia P 08 9442 2200 F 08 9442 2290
Garden Well construction reaches practical completion
Processing plant commissioning underway
Highlights
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Construction of processing plant reaches practical completion.
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Commissioning of crushing circuit complete and mill commissioning commenced.
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Plant construction completed on time and construction cost in line with budget.
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First gold pour forecast for early September 2012.
The directors of Regis Resources Ltd are pleased to advise that practical completion of the construction of the processing facilities at the Garden Well Gold Project has been achieved with only minor ancillary construction tasks remaining to be finalised. Commissioning is now well advanced and the project will shortly move in to operations. The practical completion of construction has been completed on time and is forecast to be materially in line with the $109 million budget.
Commissioning of the primary and secondary crushing circuits commenced on 10 August 2012 and commissioning of the Outotec ball mill and other key plant commenced on 17 August 2012.
Transition from commissioning to full scale operations will now be the focus of the development team over the next three weeks. Complete handover of the project to the operations team is anticipated to take place during this time. The first gold pour from the Garden Well Gold Project is targeted for early September 2012 after allowing for the build-up of gold in circuit stocks.
Regis Managing Director Mark Clark commented:
“The achievement of practical completion of the construction of the 4 million tonne per annum Garden Well processing plant on time and materially in line with budget is a great credit to the Regis construction team. It is also a significant milestone for Regis as, once the plant is in full operation, it will lift the Company’s gold production from its 100% owned Duketon Gold Project to around 340,000 ounces per annum. Whilst our immediate focus will be on commissioning and optimising operations at Garden Well, our attention will soon turn to the development of Rosemont, the third operation at Duketon. The additional 80,000 ounces per annum forecast from that project should take Regis’ gold production to in excess of 400,000 ounces per annum by the September 2013 quarter.”
Yours sincerely
Regis Resources Limited
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Mark Clark Managing Director
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Fine Ore Stockpile
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Crushing and fine ore stockpile
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First ore to the mill
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