Regis Resources Limited (ASX:RRL)
Regis Resources Limited (ASX:RRL) is an 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.
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. 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.