Regis Resources Ltd
Regis Resources Limited (ASX: RRL) is a publicly listed Perth based gold production and exploration company with a proven management team that has a successful track record of developing mid-sized gold operations within Australia and Africa.
The Company is a purely Australian gold miner with operations at the Duketon Gold Project in the North Eastern Goldfields of Western Australia and the McPhillamys Gold Project in the Central Western region of New South Wales.
The 100% owned Duketon Gold Project located 130 kilometres north of Laverton in Western Australia commenced operations in August 2010 following the construction of the Moolart Well Gold Mine. Since commissioning the mine has produced over 500,000 ounces of gold at cash costs in the lowest quartile of the Australian gold industry. With the acquisition of the Gloster Gold Deposit in 2015 and several satellite deposits surrounding the project, the Company is confident that Moolart Well offers further Reserve and Resource growth potential from continued exploration programmes in the area.
In August 2012 the Company announced the completion of construction at its second mine at the Duketon Project with the successful commissioning of the Garden Well Gold Mine. The Garden Well project is an open pit operation with a standalone mill operating at an average annual rate of 5 million tonne per annum. Garden Well is located approximately 30 kilometres from the Moolart Well Gold Mine and has a current remaining mine life of over 7 years.
The third deposit within the Duketon project area is the Rosemont Gold Project. Rosemont is located 9 kilometres north-west of the Garden Well Gold Mine. Construction of the Rosemont Project was completed in the September 2013 quarter. The Rosemont Project is a hybrid project with a crushing and milling circuit located at the deposit and an ore slurry pumped to the Garden Well processing facility.
The construction of additional leaching and associated infrastructure at the Garden Well processing plant reached practical completion in the June 2014 quarter. The aim of this expansion was to maximise gold recoveries for the combined Garden Well and Rosemont ore flow through the wet plant of 7mtpa+.
The Company also possesses a number of satellite deposits surrounding both Moolart Well and Garden Well which contain quoted JORC Reserves and Resources including the Erlistoun gold deposit.
In November 2012 the Company acquired the McPhillamys Gold Project from Newmont Exploration Pty Ltd and Alkane Resources Limited. The McPhillamys Gold Project is located approximately 35 kilometres south east of the town of Orange and 30 kilometres west of the town of Bathurst in the Central West region of New South Wales.
The project has a quoted JORC compliant gold resource of 2.2 million ounces (73.2MT at 0.94g/t) and represents a long term development opportunity beyond the current growth projects at the Company’s Duketon operations in Western Australia.