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. The mine has a current remaining mine life of approximately 3 years at an average annual production rate of 100,000 ounces. The Company aims to add to the Reserve and Resource base at Moolart Well through continued exploration programmes in the area to increase the 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 with a nameplate design of 4 million tonnes per annum. Garden Well is located approximately 30 kilometres from the Moolart Well Gold Mine.
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 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 2.5 million ounces (57.4MT at 1.36g/t) and represents medium term development opportunity beyond the current growth projects at the Company’s Duketon operations in Western Australia.