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Regis Resources Ltd.
Summary
| Project: | Duketon | |
|---|---|---|
| Deposit: | Duketon | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 1/22/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 22-1-2020: Regis Resources Ltd. announces an Exploration/Drilling Update report for its Duketon deposit at the Duketon project. Drilling results incl. 27m @ 3g/t Au from 430.9m. Regis Resources Managing Director, Jim Beyer, said: “This was a strong quarte | |
| Resources: | ||
| CP/QP: | [Overall Report]: Tara French (Internal) | |
| ABSTRACT: | Regis Resources Managing Director, Jim Beyer, said: “This was a strong quarter of cash generation by the Regis team, with cash and bullion increasing by $21.4 million, underpinned by increased quarterly gold production and a higher gold price. With this solid operational performance our production guidance for the year remains unchanged with a range of 340,000- 370,000 oz. Our full year AISC is expected to sit at the upper end of guidance range, after excluding the extra royalty cost impact associated with the higher prevailing gold price. Pleasingly, our long-life future production source, the McPhillamys Gold Project saw its Development Application move through another stage, with the completion of the public exhibition of the Environmental Impact Statement and subsequent receipt of submissions from regulators, interest groups and the public. We are now well underway with the preparation of our formal response to the submissions received, with these to be submitted to the NSW Department of Planning, Industry and Environment in due course. In Western Australia our current mining and development projects are being enhanced by continued exploration success. The Rosemont underground is tracking well with first stopping trials to start late in the March quarter. An exciting story developing is the successful intersection of high grade mineralisation at Rosemont over 285m below the base of the underground mine design. This success is reinforcing our confidence that the underground has the potential to continue at depth. While the Garden Well underground project is progressing towards a PFS, exciting exploration results support the concept of additional underground potential at a number of existing open pit deposits, including Baneygo and Gloster. Finally, our exploration results along known mineralised trends are showing the potential for additional open pit Resources and broader greenfield exploration continues across high priority target areas with encouraging results”. | |
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