Regis Resources (ASX:RRL)
Regis Resources Limited (ASX:RRL) is a 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 600,000 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 has successfully commenced blending ore from surrounding areas to extend the mine life of 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 like Moolart Well blends higher grade ore from surrounding satellite deposits.
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 Duketon Project contains total milling capacity of 10 million tonnes per annum and the Company has successfully brought on new satellite projects to provide higher grade feed to the existing baseline feeds at Moolart Well, Garden Well and Rosemont. With the existing milling capacity at the project, the Company is confident it can continue to add further resources and reserves through continued exploration across the extensive tenement package
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 represents an organic growth opportunity for the Company and Regis is pushing forward with plans to bring the project into development.