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REGIS RESOURCES LIMITED — Interim / Quarterly Report 2015
Jul 29, 2015
65733_rns_2015-07-29_eb6ea79b-325f-4a72-8c1f-ba7fdb448885.pdf
Interim / Quarterly Report
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Quarterly Report to 30 June 2015
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HIGHLIGHTS
DUKETON OPERATIONS
-
Quarterly gold production of 75,372 ounces (in line with revised guidance) at a pre-royalty cash cost of $871 per ounce and an all in sustaining cost of $1,148 per ounce. (March 2015Q: 65,949 ounces at cash cost $936/oz and AISC $1,159/oz)
-
Compared to Q3 performance at Duketon, Q4 mill throughput was up 6%, recoveries were up 2% and grade was up 6%.
-
Total gold production for the year within original guidance at 310,024 ounces at a pre-royalty cash cost of $826 per ounce and an all in sustaining cost of $994 per ounce.
-
FY2016 gold production guidance 275,000 – 305,000 ounces at an AISC range of $970 - $1,070 per ounce. Expansion capital forecast $15-20 million.
ACQUISITIONS FOR GROWTH
-
Regis acquired the Gloster Gold Deposit (resource 8.3MT at 1.37g/t for 365,000 ounces) for $1.5 million plus a production royalty. This project, located 26km west of Moolart Well, has good potential to profitably extend the operational life of that operation by trucking of mined ore to that plant for treatment.
-
Regis signed an agreement for a gold exploration joint venture on 373km[2] of tenure, mainly located in the Moolart Well area. Regis has agreed to spend $1 million on exploration over two years to earn a 75% interest in any gold project confirmed by a Regis decision to mine.
EXPLORATION
- Outstanding high grade gold intercepts at Baneygo point to a new gold project at Duketon operations. Significant results include:
| 33 metres @ 8.35 g/t gold from 50 to 83m | 17 metres @ 3.73 g/t gold from 68 to 85m |
|---|---|
| 7 metres @ 8.96 g/t gold from 35 to 42m | 37 metres @ 8.73 g/t gold from 53 to 90m |
| 14 metres @ 6.95 g/t gold from 28 to 42m | 2 metres @ 87.5 g/t gold from 84 to 86m |
| 23 [email protected]/tgold from 60 to 83m | 8 [email protected]/tgold from 78 to 86m |
- High grade drilling results confirm a new discovery at Tooheys Well.
| 16 | metres @ | 3.23 | g/t gold from | 52 | to | 68m | 13 metres @ 3.65 g/t gold from 90 to 103m |
|---|---|---|---|---|---|---|---|
| 22 | metres@ | 3.15 | g/tgold from | 58 | to | 80m | 8 [email protected]/tgold from 55 to 63m |
- Geological modelling and a conceptual study identify the potential for underground mining south of Rosemont Main Pit. Diamond drilling underway.
CORPORATE
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Gold sales of 77,328 ounces at A$1,551 per ounce (Mar 15: 66,749 oz at A$1,574/oz).
-
Cash flow from operations for the quarter was $47.6 million (Mar 15: $32.4m). Net cash increased by $100 million in the year to 30 June 2015.
-
Cash and gold bullion holding at 30 June 2015 was $73.1 million[*] (Mar 15: $45.8m).
* Cash and gold bullion includes gold bars on site and lodged with the Perth Mint, valued at the expected selling price.
Page 1
Quarterly Report to 30 June 2015
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DUKETON OPERATIONS
Regis produced 75,372 ounces of gold in the June 2015 quarter (March 15: 65,949 oz) which was in line with revised guidance for the June 15 quarter given in early March 2015. Gold production for the full 2015 financial year was 310,204 ounces (within original guidance).
Operating results for the Regis group for the June 2015 quarter were as follows:
| Moolart Well |
Rosemont | Garden Well |
Total | |
|---|---|---|---|---|
| Ore mined (bcm ) | 339,493 | 270,215 | 438,565 | 1,048,273 |
| Wastemined (bcm) | 1,122,832 | 2,795,517 | 2,565,988 | 6,484,337 |
| Stripping ratio (w:o) | 3.31 | 10.34 | 5.85 | 6.19 |
| Ore mined (tonnes) | 711,967 | 603,281 | 1,174,324 | 2,489,572 |
| Ore milled (tonnes) | 743,599 | 638,280 | 1,162,159 | 2,544,038 |
| Head grade (g/t) | 0.95 | 1.45 | 0.85 | 1.03 |
| Recovery (%) | 90.4% | 94.1% | 83.9% | 89.5% |
| Gold production (ounces) | 20,655 | 27,951 | 26,766 | 75,372 |
| Cash cost (A$/oz) | 753 | 727 | 1,112 | 871 |
| Cash cost inc royalty (A$/oz) | 823 | 796 | 1,184 | 941 |
| All in Sustaining Cost (A$/oz)1 | 899 | 1,066 | 1,426 | 1,148 |
1 AISC calculated on a per ounce of production basis
The June 2015 quarter saw a number of improvements in operations from the March 2015 quarter including:
-
Total Duketon throughput at 2.54MT was up 6% and recoveries were up 2% as a result of ongoing improvements at Rosemont and Garden Well as those milling operations continue to be fine tuned; and
-
Overall grade was up 6% as higher grade zones available at Rosemont were mined and milled.
Cash costs of operation for the quarter at $871 per ounce were 7% better than the March 2015 quarter ($936/oz) due to the above improvements. As a result of these operational improvements, all in sustaining costs (AISC) at $1,148 per ounce for the quarter were in line with the March 2015 quarter of $1,159/oz despite large cutbacks in both Garden Well and Rosemont pits significantly increasing mining stripping costs included in AISC. In particular Q4 stripping ratio (w:o) of 5.85 for Garden Well compared to Q3 of 4.43 and 3.82 for the first three quarters of FY2015. This is expected to reduce to 2.5 in FY2016 and 1.91 for remaining life of mine.
AISC for FY2015 for the Duketon operation was $994 per ounce.
Page 2
Quarterly Report to 30 June 2015
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ACQUISITIONS FOR GROWTH
Acquisition of Gloster Gold Deposit
Regis completed a transaction to acquire two prospecting licences for A$1.5 million (paid in cash) and a gross royalty of A$10 per ounce to be paid on any gold production from these licences (indexed to the gold price where the gold price exceeds A$1,500 per ounce).
The licences are strategically located 26 kilometres from Regis’ Moolart Well processing plant and contain a historic Resource estimate of 8,279,000 tonnes at 1.37g/t for 365,000 ounces.
The Resource estimate was completed in 1997 in compliance with the 1996 JORC Code and Guidelines. The area (historically referred to as the Famous Blue Project) has previously been well drilled by several companies and historic mining took place on these tenements with approximately 6,000 ounces produced from 1902 to 1910. A breakdown of the 1997 Resource is shown below.
1997 Resource estimated using a 0.5g/t Au cut-off.
| Area | Category | Tonnes | Grade | Ounces |
|---|---|---|---|---|
| Famous Blue | Measured Indicated Inferred |
0 7,523,000 756,000 |
0 1.37 1.35 |
0 332,000 33,000 |
| **Total ** | 8,279,000 | **1.37 ** | 365,000 |
Regis believes there is very good potential for mining of the Gloster project to profitably extend the operational life at Moolart Well through the trucking of mined ore to that plant for treatment.
Regis’ plan in the short term is to complete a drilling campaign to update the historic Resource and then in due course to use this data as the basis of a mining study.
Duketon Gold Exploration Joint Venture
Regis signed a letter of agreement with Duketon Mining Limited (ASX: DKM) to enter in to an exploration joint venture on four of DKM’s exploration licences which are contiguous with some of Regis’ Duketon tenure in proximity to the Moolart Well project.
The proposed joint venture tenure covers approximately 373 square kilometres and hosts a number of greenstone shear zones prospective for gold (see map below). These include the northern strike continuation of the shear zone hosting the Petra gold deposit and part of the shear zone extending north of the Garden Well gold deposit.
The joint venture terms require Regis to pay DKM $100,000 on signing (paid) and spend a minimum of $1 million on exploring for gold on the tenure over a two year period to earn a 75% interest in any mining project that is confirmed by a Regis decision to mine. All non gold mineral rights remain with DKM.
In the event of a decision to mine by Regis on any project discovered, DKM will have the options of participating in a mining joint venture at a 25% contributing interest (subject to some capital funding assistance from Regis), selling its interest in the mining project to Regis for $850,000 or commuting the interest to a 2% net smelter royalty on all gold produced from the project. These options will relate to each separate discovery on which a decision to mine is made by Regis.
The heads of agreement is subject to the execution of formal legal agreements, work on which the parties will commence immediately in order to expedite exploration efforts on the joint venture.
This agreement is an important step in Regis executing its strategy of pursuing further longevity and profitability at the very successful Moolart Well operations.
Page 3
Quarterly Report to 30 June 2015
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Regis, Gloster and Duketon Exploration Joint Venture Tenure
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Page 4
Quarterly Report to 30 June 2015
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EXPLORATION
Duketon Overview
Exploration efforts were accelerated at the Duketon Gold Project during the June 2015 quarter with excellent results returned at a number of projects.
-
Results at Baneygo point to a new gold project at Duketon and are currently being followed up with further drilling currently.
-
Geological modelling and a conceptual study at Rosemont have identified underground mining potential which is being investigated with a diamond drilling programme currently underway.
-
Encouraging drill results at Tooheys Well and Coopers to be followed up with further drilling.
Drilling at the Duketon Gold Project during the June 2015 quarter totalled 40,106 metres of Aircore and RC drilling.
| By Drilling Type Type No. Holes Metres Aircore 144 9,761 RC 281 30,345 Total 425 40,106 |
By Project |
|---|---|
| Project Metres Anchor 360 Baneygo 12,634 Moolart Well 16,337 Tooheys Well 2,176 Regional 6,762 Water Exploration 1,837 Total 40,106 |
Significant exploration projects advanced during the quarter at Duketon are outlined below.
Baneygo
The current Baneygo gold Resource is located 12 kilometres south of the Rosemont gold mine and is hosted in a quartz dolerite unit believed to be the same unit hosting gold at Rosemont. The current JORC 2004 gold Resource at Baneygo of 43,000oz occurs in 4 small deposits namely Baneygo (8,000oz), Baneygo Beacon (14,000oz), Baneygo South (15,000oz) and Sydney Mint (6,000oz) over a strike distance of 3km. The entirety of the Baneygo Project is located on a granted Mining Lease.
Historical drilling at Baneygo is generally only to 50 metres and in some places to 100m vertical depth. Very little drilling has been completed between the four small deposits with up to 250m between drill traverses.
As reported in July 2015 an RC drilling programme commenced in the June 2015 quarter to validate historical drilling at the four deposits and to define and expand the historical Resource by drilling to approximately 100m depth and testing for gold mineralisation between the four small deposits. Initial RC drilling focused on testing the quartz dolerite host on 20m spaced holes on 80m spaced east west traverses over a 3km strike distance.
Highly encouraging gold results were received from holes on the initial 80m spaced drilling traverses and follow-up drilling has commenced to reduce the drill spacing to 20m on 40m spaced east west traverses. Highlights from this drilling are shown below.
Page 5
Quarterly Report to 30 June 2015
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| Hole No Northing (mN) Easting (mE) Hole Depth (m) From (m) To (m) Interval (m) Gold g/t |
Hole No Northing (mN) Easting (mE) Hole Depth (m) From (m) To (m) Interval (m) Gold g/t |
|---|---|
| RRLBYRC002 | 6907462 431925 114 50 83 33 8.35 |
| RRLBYRC023 | 6906712 432197 102 35 42 7 8.96 |
| RRLBYRC024 | 6906721 432235 168 87 110 23 2.55 |
| RRLBYRC034 | 6906092 432357 78 28 42 14 6.95 |
| RRLBYRC082 | 6907458 431914 72 6 41 35 1.46 |
| RRLBYRC084 | 6907547 431914 108 60 83 23 3.05 |
| RRLBYRC086 | 6907627 431901 120 68 85 17 3.73 |
| RRLBYRC107 | 6907319 432000 114 69 74 5 12.34 |
| RRLBYRC114 | 6907502 431914 120 53 90 37 8.73 |
| RRLBYRC117 | 6907430 431961 102 84 86 2 87.49 |
| RRLBYRC128 | 6906677 432238 117 78 86 8 8.03 |
All coordinates are AGD 84. All holes were drilled at -60° to 254° All Intercepts calculated using a 0.5g/t lower cut, no upper cut, maximum 2m internal dilution. All assays determined on 1m split samples by fire assay
Two cross sections showing the nature of gold mineralisation in the quartz dolerite unit are shown below.
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Baneygo drilling on oblique cross sections 6906700mN and 6907450mN. Holes drilled towards 254°.
A further 60 RC holes for 5,500m are planned for early in the September 2015 quarter. A revised Resource estimate is expected in the December 2015 quarter.
The gold mineralisation at Baneygo is still open to the south for 4km and to the north for 12km to Rosemont. The same prospective quartz dolerite unit continues to the south and the north and drilling along this unit is sporadic. Reconnaissance RC drilling of this prospective unit will commence in the September 2015 quarter.
Page 6
Quarterly Report to 30 June 2015
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Rosemont Underground Potential
As was reported in an announcement on 16[th] July 2015, Regis has been aware through historical and more recent drilling at both Rosemont and Garden Well of the existence of higher grade zones below and along strike from current open pit designs. The underground potential of these operations has not been an exploration priority in the past several years given that both operations are in the relatively early stages of their open pit mine lives.
Gold mineralisation at Rosemont is confined to a steeply dipping quartz dolerite unit intruding ultramafic flow units. The quartz dolerite is continuous from the North Pit to Rosemont south and continues for a further 12km to Baneygo where it is also mineralised. In the fresh rock zone at Rosemont, higher grade south plunging gold shoots have been defined by wide spaced drilling in the quartz dolerite as shown in the second long section below.
As open pit operations move towards steady state, exploration focus is now moving to assess the underground mining opportunities. Further drilling is required to define the underground potential of the higher grade gold shoots.
In the June 2015 quarter a gold mineralised envelope with drilling intercepts greater than 0.5g/t gold was modelled for the mineralised quartz dolerite unit along the extent of the Rosemont deposit. During this process several high grade steeply south plunging shoots were defined. The most promising area was modelled at the south end of Rosemont. This is shown in the boxed area of the isometric long section below.
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Rosemont Main and North Pits showing 0.5g/t gold mineralised envelope and high grade gold zone subject to diamond drilling.
One panel of this domain covering approximately 500m of mineralised strike immediately south of the Rosemont Main pit design was selected for analysis in a conceptual study due to the reasonable density of drilling and interpreted geological continuity in the area. This area was geologically modelled in detail and a mineral inventory was estimated for internal conceptual study purposes.
This geological and estimation data was provided to an external consultant to complete a high level conceptual study on the underground mining prospects of this area. The conclusions of this high level study were that the mineral inventory in the area is of the width, grade and continuity sufficient to support profitable underground mining.
Page 7
Quarterly Report to 30 June 2015
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Rosemont Long Section showing conceptual study panel and proposed diamond drilling.
In order to move forward with further studies, the key matters that will need to be addressed include:
-
The continuity of the geological model and the eventual underground resource estimation; and
-
The suitability of geotechnical and hydrogeological conditions for underground mining.
As a first preliminary step towards advancing more detailed studies on the area, Regis is currently drilling a programme of 6 diamond holes (average vertical depth 250 metres and total drilling of 1,840 metres, including 1,210 metres of RC pre-collars) to complete a first pass test of the geological model as well as geotechnical and hydrogeological conditions.
Full details including JORC tables of all exploration activities and results for the June 2015 quarter were released on 16[th] June 2015 entitled “High grade results point to new gold project at Duketon & exploration update”.
Tooheys Well
The Tooheys Well gold prospect is located 2.5km south of the Garden Well gold mine. Gold mineralisation was previously defined in a North-South trending western shear zone hosted in chert and fine grained sediments.
A programme of 19 RC holes (RRLTWRC006-024) was drilled in the June 2015 quarter to follow-up anomalous gold mineralisation in the western shear zone. The recent drilling has defined a parallel eastern shear zone located approximately 100m east which is also hosted in chert and fine grained sediments.
The eastern shear zone was intersected by holes RRLTWRC014, 015 and 018 and appears to have higher grades than the western shear zone and is untested for 750m to the south. Both shear zones dip about 45° to the east and weathering extends to 80 to 100m vertical depth in the eastern shear zone.
Significant gold results are shown below:
Page 8
Quarterly Report to 30 June 2015
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| Hole No | Northing (mN) Easting (mE) Hole Depth (m) From (m) To (m) Interval (m) Gold g/t |
|---|---|
| RRLTWRC014 | 6909260 437820 118 52 68 16 3.23 |
| RRLTWRC015 | 6909260 437819 103 58 80 22 3.15 |
| RRLTWRC015 | 6909260 437819 103 90 103 13 3.65 |
| RRLTWRC018 | 6909417 437780 143 55 63 8 5.47 |
| RRLTWRC019 | 6909500 437710 103 70 87 17 1.54 |
| RRLTWRC020 | 6909580 437700 93 51 53 2 4.00 |
| RRLTWRC021 | 6909418 437861 163 52 59 7 1.69 |
| RRLTWRC021 | 6909418 437861 163 156 163 7 1.87 |
| RRLTWRC023 | 6909576 437777 143 70 77 7 1.48 |
| RRLTWRC024 | 6909579 437861 158 57 64 7 1.60 |
8gm (gram x metres) intersections are tabled. All coordinates are AGD 84. All holes were drilled at -60° to 270°.
All Intercepts calculated using a 0.5g/t lower cut, no upper cut, maximum 2m internal dilution. All assays determined on 1m split samples by fire assay.
Drilling will commence in the September 2015 quarter to determine the continuity of gold mineralisation in the eastern shear zone 750m to the south, initially on 80m spaced East-West sections in the oxide zone and to target gold mineralisation in the fresh rock zone.
Cooper Gold Prospect
The Coopers gold prospect is located 11km south of Moolart Well and 600m north of Dogbolter, and is located on the same shear zone hosting those two deposits. An earlier programme of Aircore drilling by Regis on 40m and 80m spaced E-W traverses defined gold mineralisation in the oxide zone over a strike distance of 400m. The gold mineralised zone is weakly mineralised to the north and still requires further drilling. A small programme of RC drilling was completed to infill two 80m spaced drill traverses to 40m.
Regis drilled 10 RC holes (RRLCPRC001-010) at Coopers during the June 2015 quarter. The drilling included 7 RC holes 20m apart on one cross section at 6934420mN. Significant assay results received from 1m RC samples from this drilling are shown below:
received from 1m RC samples from this drilling are shown below: |
received from 1m RC samples from this drilling are shown below: |
|---|---|
| Hole No Northing (mN) Easting (mE) Hole Depth (m) From (m) To (m) Interval (m) Gold g/t |
|
| RRLCPRC005 | 6934420 434880 88 48 56 8 2.71 |
| RRLCPRC006 | 6934420 434900 103 68 70 2 23.88 |
| RRLCPRC007 | 6934420 434920 118 89 94 5 5.99 |
| RRLCPRC008 | 6934420 434940 133 106 110 4 49.31 |
| RRLCPRC010 | 6934453 434924 123 97 103 6 2.30 |
8gm (gram x metres) intersections are tabled. All coordinates are AGD 84. All holes were drilled at -60° to 270° All Intercepts calculated using a 0.5g/t lower cut, no upper cut, maximum 2m internal dilution. All assays determined on 1m split samples by fire assay.
These results will provide enough data to complete a preliminary Resource estimation and review of the Coopers Prospect in the September 2015 quarter. Further drilling will be required to define the northern extent of gold mineralisation.
Page 9
Quarterly Report to 30 June 2015
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PRODUCTION GUIDANCE FOR 2016
Regis expects gold production for the 2016 financial year to be within the range of 275,000 – 305,000 ounces at an AISC (all in sustaining cost) of $970 - $1,070 per ounce. The mid-point of this (+/- 5%) guidance range is summarised as follows:
| Moolart Well |
Rosemont | Garden Well |
Total | |
|---|---|---|---|---|
| Oremined (Mbcm) | 1.5 | 1.0 | 2.2 | 4.7 |
| Wastemined (Mbcm) | 4.4 | 9.3 | 5.9 | 19.6 |
| Strippingratio (w:o) | 3.1 | 9.7 | 2.5 | 4.2 |
| Oremined (Mtonnes) | 2.8 | 2.2 | 5.6 | 10.6 |
| Oremilled (Mtonnes) | 2.9 | 2.3 | 5.0 | 10.1 |
| Head grade (g/t) | 0.89 | 1.23 | 0.91 | 0.98 |
| Recovery (%) | 91 | 93 | 88 | 91 |
| Gold production(ounces‘000) | 75 | 85 | 130 | 290 |
| Cash cost (A$/oz) | 820 | 840 | 900 | 860 |
| Cash cost inc royalty (A$/oz) | 880 | 910 | 970 | 930 |
| All inSustaining Cost (A$/oz) | 950 | 1,070 | 1,040 | 1,020 |
Note: errors in summation may occur in this table due to rounding
At the mid-point of guidance and the current gold price (≈A$1,500/oz) the Duketon operations are expected to generate an operating cashflow (derived using AISC as operating cost) of around A$140 million in FY2016. Additional expansion capital expenditures are expected to be in the order of A$15-20 million.
CORPORATE
Cash Position
The Duketon project generated strong operating cash-flow of $47.6 million in the June 2015 quarter. This saw Regis’ cash and gold bullion holdings at 30 June 2015 increase to $73.1 million (March 15: $45.8 million). The operating cash flow for FY2015 was $150.9 million which has led, as shown below, to Regis’ net cash position increasing by $100 million in the twelve months to June 2015.
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----- Start of picture text -----
80
60
40
20
-
-20
-40
-60
Cash & gold bullion
Debt (debt includes the deferred contractor payment amounts negotiated for flood affected
period of operations)
$ Millions
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Page 10
Quarterly Report to 30 June 2015
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Gold Sales & Hedging
The Company had a hedging position at the end of the quarter of 281,031 ounces, being 145,834 ounces of flat forward contracts with a delivery price of A$1,437 per ounce and 135,197 ounces of spot deferred contracts with a price of A$1,437 per ounce. During the June 2015 quarter, Regis sold 77,328 ounces of gold at an average price of A$1,551 per ounce (Mar 15 qtr: 66,749 ounces at A$1,574 per ounce). The Company sold a total of 308,898 ounces of gold during the year at an average price of A$1,488 per ounce.
Capital Management
As announced in July 2015, the Company’s cash position and the strong outlook for the 2016 financial year have underpinned the board’s decision to implement the following capital management strategies:
Dividend
It is the board’s intention to recommence the payment of dividends in relation to the 2015 financial year (30 June 2015) with a target of 5-7 cents per share payment in the December 2015 quarter. Further details on the quantum of dividend will be provided at the time of the release of financial results in September 2015. Long term intentions are to establish and maintain a dividend payout ratio in the order of 60% of net profit after tax.
The target 2015 dividend payment and the long term payout ratio are subject to numerous factors including but not limited to gold price and exchange rates, gold production and operational performance, profitability, cash flow, working capital requirements, other expenditure requirements (including capital expenditures, acquisitions, developments and exploration) and the availability of sufficient franking credits.
Share Buyback
The board has also decided to implement an on-market share buy-back programme for up to 5% of the Company’s issued capital or approximately 25 million shares over the next twelve months. This follows the continued improvement in the Company’s financial and cash position since overcoming the flooding disruptions of the second half of FY2014 and the board’s view of the outlook for the Company’s operations.
A copy of the Company’s Mining Exploration Entity Quarterly (Appendix 5B) report in accordance with Listing Rule 5.3 is attached.
Page 11
Quarterly Report to 30 June 2015
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COMPETENT PERSON STATEMENT
The information in this report that relates to exploration results and Mineral Resources is extracted from the ASX announcement released on 16 July 2015 entitled “High grade results point to new gold project at Duketon & exploration update” 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 Gloster deposit was previously reported under the 1996 JORC Code and is not considered a significant project under the 2012 JORC Code as it represents less than 5% of the total Resource base of the Company.
FORWARD LOOKING STATEMENTS
This ASX announcement may contain forward looking statements that are subject to risk factors associated with gold exploration, mining and production businesses. It is believed that the expectations reflected in these statements are reasonable but they may be affected by a variety of variables and changes in underlying assumptions which could cause actual results or trends to differ materially, including but not limited to price fluctuations, actual demand, currency fluctuations, drilling and production results, Reserve estimations, loss of market, industry competition, environmental risks, physical risks, legislative, fiscal and regulatory changes, economic and financial market conditions in various countries and regions, political risks, project delay or advancement, approvals and cost estimates.
Forward-looking statements, including projections, forecasts and estimates, are provided as a general guide only and should not be relied on as an indication or guarantee of future performance and involve known and unknown risks, uncertainties and other factors, many of which are outside the control of Regis Resources Ltd. Past performance is not necessarily a guide to future performance and no representation or warranty is made as to the likelihood of achievement or reasonableness of any forward looking statements or other forecast.
Page 12
Quarterly Report to 30 June 2015
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CORPORATE DIRECTORY
Regis Resources Ltd ( ACN 009 174 761)
Registered Office
First Floor, 1 Alvan Street Subiaco, WA Australia 6008 Tel +618 9442 2200 Fax +618 9442 2290
Website www.regisresources.com Email [email protected]
Directors
Mr Mark Clark (Managing Director) Mr Nick Giorgetta (Non Executive Chairman) Mr Mark Okeby (Non Executive Director) Mr Ross Kestel (Non Executive Director) Mr Frank Fergusson (Non Executive Director) Mr Glyn Evans (Non Executive Director)
Company Secretary and CFO
Mr Kim Massey
Share Registry
Computershare Ltd GPO Box D182 Perth WA 6840
Shareholder Enquiries: 1300 557 010 (local) +613 9415 4000 (international)
ASX Listed Securities (as at 30 June 2015)
| Security | Terms | Code | No. Quoted | |
|---|---|---|---|---|
| OrdinaryShares | RRL | 499,781,595 |
Page 13
Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report
Rule 5.5
Appendix 5B
Mining exploration entity and oil and gas exploration entity quarterly report
Introduced 01/07/96 Origin Appendix 8 Amended 01/07/97, 01/07/98, 30/09/01, 01/06/10, 17/12/10, 01/05/2013
Name of entity
Regis Resources Limited
Quarter ended (“current quarter”) 30 June 2015
| ABN 28 009 174 761 Consolidated statement of cash flows |
Quarter ended (“current quarter”) | Quarter ended (“current quarter”) | |
|---|---|---|---|
| 30 June 2015 | |||
| Cash flows related to operating activities 1.1 Receipts from product sales and related debtors 1.2 Payments for: (a) exploration & evaluation (b) development (c) production (d) administration 1.3 Dividends received 1.4 Interest and other items of a similar nature received 1.5 Interest and other costs of finance paid 1.6 Income taxes paid 1.7 Other (provide details if material) Net Operating Cash Flows |
Current quarter $A’000 |
Year to date (12 months) $A’000 |
|
| 119,929 (3,949) (71) (72,308) (1,636) - 215 (250) - 3 |
459,750 (10,399) (1,800) (308,820) (7,387) - 458 (2,024) - 85 |
||
| 41,933 | 129,863 | ||
| Cash flows related to investing activities 1.8 Payment for purchases of: (a) prospects (b) equity investments (c) other fixed assets 1.9 Proceeds from sale of: (a) prospects (b) equity investments (c) other fixed assets 1.10 Loans to other entities 1.11 Loans repaid by other entities 1.12 Other (provide details if material): -Payments for mine property development -Other Net investing cash flows 1.13 Total operating and investing cash flows (carried forward) |
(1,507) - (3,915) - - - - - (8,845) (1) |
(1,557) - (19,257) - - - - - (43,855) (4) |
|
| (14,268) | (64,673) | ||
| 27,665 | 65,190 |
- See chapter 19 for defined terms.
01/05/2013 Appendix 5B Page 1
Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report
| Current quarter $A’000 |
Year to date (12 months) $A’000 |
|
|---|---|---|
| 1.13 Total operating and investing cash flows (brought forward) |
27,665 | 65,190 |
| Cash flows related to financing activities 1.14 Proceeds from issues of shares, options, etc. 1.15 Proceeds from sale of forfeited shares 1.16 Proceeds from borrowings 1.17 Repayment of borrowings 1.18 Dividends paid 1.19 Other (provide details if material) -Repayment of hire purchase liability -Other Net financing cash flows |
- - - - - (58) - |
38 - - (20,000) - (58) (3) |
| (58) | (20,023) | |
| Net increase (decrease) in cash held 1.20 Cash at beginning of quarter/year to date 1.21 Exchange rate adjustments to item 1.20 1.22 Cash at end ofquarter* |
27,607 24,175 - |
45,167 6,615 - |
| 51,782 | 51,782 |
- Not included in cash at end of quarter is gold on hand of 13,690oz at $1,560/oz for $21.4 million. Gold on hand includes bars on site and lodged with the Perth Mint, valued at expected selling price.
Payments to directors of the entity, associates of the directors, related entities of the entity and associates of the related entities
| 1.23 Aggregate amount of payments to the parties included in item 1.2 1.24 Aggregate amount of loans to theparties included in item 1.10 |
1.23 Aggregate amount of payments to the parties included in item 1.2 1.24 Aggregate amount of loans to theparties included in item 1.10 |
Current quarter $A'000 |
|---|---|---|
| 134 | ||
| - | ||
| 1.25 Explanation necessaryfor an understandingof the transactions |
||
- See chapter 19 for defined terms.
01/05/2013 Appendix 5B Page 2
Appendix 5B
Mining exploration entity and oil and gas exploration entity quarterly report
Non-cash financing and investing activities
- 2.1 Details of financing and investing transactions which have had a material effect on consolidated assets and liabilities but did not involve cash flows
Nil
- 2.2 Details of outlays made by other entities to establish or increase their share in projects in which the reporting entity has an interest
Nil.
Financing facilities available
Add notes as necessary for an understanding of the position.
| 3.1 Loan facilities 3.2 Credit standby arrangements |
Amount available $A’000 |
Amount used $A’000 |
|---|---|---|
| 20,000 | 20,000 | |
| - | - |
Estimated cash outflows for next quarter
| Estimated cash outflows for next quarter | |
|---|---|
| 4.1 Exploration and evaluation 4.2 Development 4.3 Production* 4.4 Administration |
$A’000 |
| 3,000 | |
| 10,000 | |
| 68,000 | |
| 1,600 | |
| Total | 82,600 |
- Does not include any receipts from operations.
Reconciliation of cash
| Reconciliation of cash | ||
|---|---|---|
| Reconciliation of cash at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts is as follows. |
Current quarter $A’000 |
Previous quarter $A’000 |
| 5.1 Cash on hand and at bank 5.2 Deposits at call 5.3 Bank overdraft 5.4 Other (provide details) |
51,782 | 24,175 |
| - | - | |
| - | - | |
| - | - | |
| Total: cash at end of quarter(item 1.22) | 51,782 | 24,175 |
** Not included in cash at end of quarter is gold on hand of 13,690oz at $1,560/oz for $21.4 million (Previous quarter: 13,613oz at $1,585/oz for $21.6 million). Gold on hand includes bars on site and lodged with the Perth Mint, valued at expected selling price.
- See chapter 19 for defined terms.
01/05/2013 Appendix 5B Page 3
Appendix 5B
Mining exploration entity and oil and gas exploration entity quarterly report
Changes in interests in mining tenements and petroleum tenements
| 6.1 Interests in mining tenements and petroleum tenements relinquished, reduced or lapsed 6.2 Interests in mining tenements and petroleum tenements acquired or increased |
Tenement reference and location |
Nature of interest (note (2)) |
Interest at beginning of quarter |
Interest at end of quarter |
|---|---|---|---|---|
| Nil. | Nil. | Nil. | Nil. | |
| P38/3769 P38/3770 P38/3771 P38/3772 P38/3773 P38/3774 L38/239 M38/1268 |
Tenement acquired Tenement acquired Tenement acquired Tenement acquired Tenement acquired Tenement acquired Tenement application Tenement application |
0% 0% 0% 0% 0% 0% 0% 0% |
100% 100% 100% 100% 100% 100% 100% 100% |
Supplementary information required under Listing Rule 5.3.3 is provided at the end of this report.
Issued and quoted securities at end of current quarter
Description includes rate of interest and any redemption or conversion rights together with prices and dates.
| Total number | Numberquoted | Issue price per security (see note 3) |
Amount paid up per security (see note 3) |
|
|---|---|---|---|---|
| 7.1 Preference +securities 7.2 Changes during quarter (a) Increases through issues (b) Decreases through returns of capital, buy- backs, redemptions |
- | - | - | - |
| - - |
- - |
- - |
- - |
|
| 7.3 +Ordinary securities 7.4 Changes during quarter (a) Increases through issues (b) Decreases through returns of capital, buy- backs |
499,781,595 | 499,781,595 | - | - |
| - - |
- - |
- - |
- - |
|
| 7.5 +Convertible debt securities |
- | - | - | - |
- See chapter 19 for defined terms.
01/05/2013 Appendix 5B Page 4
Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report
| Total number | Numberquoted | Issue price per security (see note 3) |
Amount paid up per security (see note 3) |
|
|---|---|---|---|---|
| 7.6 Changes during quarter (a) Increases through issues (b) Decreases through securities matured, converted |
- - |
- - |
- - |
- - |
| 7.7 Options (description and conversion factor) 7.8 Issued during quarter 7.9 Exercised during quarter 7.10 Expired during quarter |
575,000 855,000 1,625,000 1,500,000 550,000 50,000 |
- - - - - - |
Exercise price $2.75 $4.00 $3.50 $1.55 $2.40 $1.55 |
Expiry date 8 Nov. 2015 30 Jun. 2016 31 Jul. 2017 12 Sep. 2017 31 Mar. 2018 14Oct. 2018 |
| - | - | - | - | |
| - | - | - | - | |
| 600,000 500,000 85,000 40,000 100,000 100,000 |
- - - - - - |
$2.23 $3.00 $4.00 $3.50 $2.40 $1.55 |
29 Apr. 2015 8 Nov. 2015 30 Jun. 2016 31 Jul. 2017 31 Mar. 2018 14Oct. 2018 |
|
| 7.11 Debentures (totals only) |
- | - | ||
| 7.12 Unsecured notes(totals only) |
- | - |
Compliance statement
-
1 This statement has been prepared under accounting policies which comply with accounting standards as defined in the Corporations Act or other standards acceptable to ASX (see note 5).
-
2 This statement does give a true and fair view of the matters disclosed.
Sign here: Date: 30 July 2015 (Company Secretary)
Print name: Kim Massey
- See chapter 19 for defined terms.
01/05/2013 Appendix 5B Page 5
Appendix 5B
Mining exploration entity and oil and gas exploration entity quarterly report
Notes
-
1 The quarterly report provides a basis for informing the market how the entity’s activities have been financed for the past quarter and the effect on its cash position. An entity wanting to disclose additional information is encouraged to do so, in a note or notes attached to this report.
-
2 The “Nature of interest” (items 6.1 and 6.2) includes options in respect of interests in mining tenements and petroleum tenements acquired, exercised or lapsed during the reporting period. If the entity is involved in a joint venture agreement and there are conditions precedent which will change its percentage interest in a mining tenement or petroleum tenement, it should disclose the change of percentage interest and conditions precedent in the list required for items 6.1 and 6.2.
-
3 Issued and quoted securities The issue price and amount paid up is not required in items 7.1 and 7.3 for fully paid securities .
-
4 The definitions in, and provisions of, AASB 6: Exploration for and Evaluation of Mineral Resources and AASB 107: Statement of Cash Flows apply to this report.
-
5 Accounting Standards ASX will accept, for example, the use of International Financial Reporting Standards for foreign entities. If the standards used do not address a topic, the Australian standard on that topic (if any) must be complied with.
== == == == ==
- See chapter 19 for defined terms.
01/05/2013 Appendix 5B Page 6
REGIS RESOURCES LIMITED APPENDIX 5B - QUARTER ENDED 30 JUNE 2015
| Mining tenements held as at 30 June 2015 |
Tenement |
Location | Tenement Status |
Regis Resources Beneficial Interest |
|---|---|---|---|---|
| E38/1689 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| E38/1939 | Collurabbie(North of Laverton),WA | Granted | 80.00% | |
| E38/1954 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| E38/1955 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| E38/1956 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| E38/1957 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| E38/1988 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| E38/1989 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| E38/1990 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| E38/1991 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| E38/1992 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| E38/1994 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| E38/1995 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| E38/1997 | Duketon(North of Laverton),WA | Granted | 97.00% | |
| E38/1999 | Duketon(North of Laverton),WA | Granted | 70.00% | |
| E38/2001 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| E38/2003 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| E38/2004 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| E38/2005 | Duketon(North of Laverton),WA | Granted | 80.00% | |
| E38/2243 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| E38/2681 | Collurabbie(North of Laverton),WA | Granted | 100.00% | |
| E38/2682 | Collurabbie(North of Laverton),WA | Granted | 100.00% | |
| E38/2683 | Collurabbie(North of Laverton),WA | Granted | 100.00% | |
| E38/2723 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| E38/2779 | Collurabbie(North of Laverton),WA | Granted | 90.00% | |
| E38/2808 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| E38/2809 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| E38/2810 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| E38/2830 | Collurabbie(North of Laverton),WA | Granted | 100.00% | |
| E38/2832 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| E38/2833 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| E38/2857 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| E38/2868 | Duketon(North of Laverton),WA | Granted | 0.00% | |
| E38/2870 | Collurabbie(North of Laverton),WA | Granted | 100.00% | |
| E38/2871 | Collurabbie(North of Laverton),WA | Granted | 100.00% | |
| E38/2955 | Duketon(North of Laverton),WA | Granted | 51.00% | |
| E38/961 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| EL 5760 | Blayney,NSW | Granted | 100.00% | |
| EL 6111 | Blayney,NSW | Granted | 100.00% | |
| EL 7878 | Orange,NSW | Granted | 100.00% | |
| EL 8120 | Blayney,NSW | Granted | 100.00% | |
| L38/126 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| L38/127 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| L38/128 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| L38/129 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| L38/131 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| L38/133 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| L38/135 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| L38/136 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| L38/137 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| L38/140 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| L38/141 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| L38/143 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| L38/155 | Duketon(North of Laverton),WA | Granted | 100.00% |
REGIS RESOURCES LIMITED APPENDIX 5B - QUARTER ENDED 30 JUNE 2015
| Mining tenements held as at 30 June 2015 |
Tenement |
Location | Tenement Status |
Regis Resources Beneficial Interest |
|---|---|---|---|---|
| L38/156 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| L38/170 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| L38/182 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| L38/184 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| L38/191 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| L38/192 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| L38/193 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| L38/194 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| L38/20 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| L38/201 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| L38/202 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| L38/203 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| L38/204 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| L38/216 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| L38/217 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| L38/221 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| L38/222 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| L38/226 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| L38/232 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| L38/234 | Duketon(North of Laverton),WA | Application | 100.00% | |
| L38/238 | Duketon(North of Laverton),WA | Application | 100.00% | |
| L38/239 | Duketon(North of Laverton),WA | Application | 100.00% | |
| L38/29 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| L38/47 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| L38/49 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| L38/73 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| L38/85 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| M38/1091 | Duketon(North of Laverton),WA | Granted | 80.00% | |
| M38/1092 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| M38/1096 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| M38/114 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| M38/1247 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| M38/1249 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| M38/1250 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| M38/1251 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| M38/1257 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| M38/1258 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| M38/1259 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| M38/1260 | Duketon(North of Laverton),WA | Granted | 70.00% | |
| M38/1261 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| M38/1262 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| M38/1263 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| M38/1264 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| M38/1265 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| M38/1268 | Duketon(North of Laverton),WA | Application | 100.00% | |
| M38/237 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| M38/250 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| M38/262 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| M38/283 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| M38/292 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| M38/302 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| M38/303 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| M38/316 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| M38/317 | Duketon(North of Laverton),WA | Granted | 100.00% |
REGIS RESOURCES LIMITED APPENDIX 5B - QUARTER ENDED 30 JUNE 2015
| Mining tenements held as at 30 June 2015 |
Tenement |
Location | Tenement Status |
Regis Resources Beneficial Interest |
|---|---|---|---|---|
| M38/319 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| M38/341 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| M38/343 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| M38/344 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| M38/352 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| M38/354 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| M38/407 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| M38/413 | Duketon(North of Laverton),WA | Granted | 71.22% | |
| M38/414 | Duketon(North of Laverton),WA | Granted | 71.22% | |
| M38/415 | Duketon(North of Laverton),WA | Granted | 71.22% | |
| M38/488 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| M38/498 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| M38/499 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| M38/500 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| M38/515 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| M38/589 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| M38/590 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| M38/600 | Duketon(North of Laverton),WA | Granted | 70.00% | |
| M38/601 | Duketon(North of Laverton),WA | Granted | 70.00% | |
| M38/630 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| M38/802 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| M38/837 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| M38/889 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| M38/939 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| M38/940 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| M38/943 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3377 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3378 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3407 | Duketon(North of Laverton),WA | Granted | 51.00% | |
| P38/3408 | Duketon(North of Laverton),WA | Granted | 51.00% | |
| P38/3409 | Duketon(North of Laverton),WA | Granted | 51.00% | |
| P38/3410 | Duketon(North of Laverton),WA | Granted | 51.00% | |
| P38/3411 | Duketon(North of Laverton),WA | Granted | 51.00% | |
| P38/3412 | Duketon(North of Laverton),WA | Granted | 51.00% | |
| P38/3413 | Duketon(North of Laverton),WA | Granted | 51.00% | |
| P38/3414 | Duketon(North of Laverton),WA | Granted | 51.00% | |
| P38/3415 | Duketon(North of Laverton),WA | Granted | 51.00% | |
| P38/3416 | Duketon(North of Laverton),WA | Granted | 51.00% | |
| P38/3417 | Duketon(North of Laverton),WA | Granted | 51.00% | |
| P38/3418 | Duketon(North of Laverton),WA | Granted | 71.22% | |
| P38/3419 | Duketon(North of Laverton),WA | Granted | 71.22% | |
| P38/3420 | Duketon(North of Laverton),WA | Granted | 71.22% | |
| P38/3421 | Duketon(North of Laverton),WA | Granted | 71.22% | |
| P38/3422 | Duketon(North of Laverton),WA | Granted | 71.22% | |
| P38/3423 | Duketon(North of Laverton),WA | Granted | 71.22% | |
| P38/3424 | Duketon(North of Laverton),WA | Granted | 71.22% | |
| P38/3425 | Duketon(North of Laverton),WA | Granted | 71.22% | |
| P38/3426 | Duketon(North of Laverton),WA | Granted | 71.22% | |
| P38/3427 | Duketon(North of Laverton),WA | Granted | 51.00% | |
| P38/3428 | Duketon(North of Laverton),WA | Granted | 51.00% | |
| P38/3429 | Duketon(North of Laverton),WA | Granted | 51.00% | |
| P38/3430 | Duketon(North of Laverton),WA | Granted | 51.00% | |
| P38/3439 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3440 | Duketon(North of Laverton),WA | Granted | 100.00% |
REGIS RESOURCES LIMITED APPENDIX 5B - QUARTER ENDED 30 JUNE 2015
| Mining tenements held as at 30 June 2015 |
Tenement |
Location | Tenement Status |
Regis Resources Beneficial Interest |
|---|---|---|---|---|
| P38/3441 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3442 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3443 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3444 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3445 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3446 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3447 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3448 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3449 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3450 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3451 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3452 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3453 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3454 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3455 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3456 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3457 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3458 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3459 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3460 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3461 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3462 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3463 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3464 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3465 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3466 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3467 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3468 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3469 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3470 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3471 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3472 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3473 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3474 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3475 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3476 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3478 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3480 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3481 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3485 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3486 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3487 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3508 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3509 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3510 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3511 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3513 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3514 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3515 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3528 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3529 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3530 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3531 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3532 | Duketon(North of Laverton),WA | Granted | 100.00% |
REGIS RESOURCES LIMITED APPENDIX 5B - QUARTER ENDED 30 JUNE 2015
| Mining tenements held as at 30 June 2015 |
Tenement |
Location | Tenement Status |
Regis Resources Beneficial Interest |
|---|---|---|---|---|
| P38/3535 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3536 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3538 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3539 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3542 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3543 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3544 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3545 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3547 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3548 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3549 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3550 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3551 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3557 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3571 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3576 | Duketon(North of Laverton),WA | Granted | 70.00% | |
| P38/3577 | Duketon(North of Laverton),WA | Granted | 70.00% | |
| P38/3578 | Duketon(North of Laverton),WA | Granted | 70.00% | |
| P38/3579 | Duketon(North of Laverton),WA | Granted | 70.00% | |
| P38/3580 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3581 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3582 | Duketon(North of Laverton),WA | Granted | 97.00% | |
| P38/3584 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3604 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3605 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3606 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3607 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3629 | Duketon(North of Laverton),WA | Granted | 97.00% | |
| P38/3630 | Duketon(North of Laverton),WA | Granted | 97.00% | |
| P38/3631 | Duketon(North of Laverton),WA | Granted | 97.00% | |
| P38/3632 | Duketon(North of Laverton),WA | Granted | 97.00% | |
| P38/3633 | Duketon(North of Laverton),WA | Granted | 97.00% | |
| P38/3634 | Duketon(North of Laverton),WA | Granted | 97.00% | |
| P38/3635 | Duketon(North of Laverton),WA | Granted | 97.00% | |
| P38/3636 | Duketon(North of Laverton),WA | Granted | 97.00% | |
| P38/3639 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3640 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3769 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3770 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3771 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3772 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3773 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3774 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3814 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3815 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3816 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3877 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3878 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3879 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3906 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3928 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3941 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3942 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3943 | Duketon(North of Laverton),WA | Granted | 100.00% |
REGIS RESOURCES LIMITED APPENDIX 5B - QUARTER ENDED 30 JUNE 2015
| Mining tenements held as at 30 June 2015 |
Tenement |
Location | Tenement Status |
Regis Resources Beneficial Interest |
|---|---|---|---|---|
| P38/3944 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3949 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3950 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3953 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3996 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3997 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/3998 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/4027 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/4038 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/4039 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/4040 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/4052 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/4053 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/4054 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/4059 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/4060 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/4061 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/4062 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/4063 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/4073 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/4074 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/4075 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/4076 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/4104 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/4124 | Duketon(North of Laverton),WA | Granted | 100.00% | |
| P38/4147 | Duketon(North of Laverton),WA | Granted | 100.00% |