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Regis Resources Ltd.
Summary
| Project: | McPhillamys | |
|---|---|---|
| Deposit: | McPhillamys | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 7/27/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 27-7-2018: Regis Resources Ltd. announces a Resource Estimation report for its McPhillamys deposit at the McPhillamys project. Annual statement of mineral resource and ore reserve estimate. The JORC compliant Group Mineral Resources as at 31 March 2018 ar | |
| Resources: | (Reserve, Prob.): 60.1Mt @ 1.05g/t Au for 2.034Moz Au contained at project | |
| CP/QP: | [Resources]: Jarrad Price (Internal) | |
| ABSTRACT: | The JORC compliant Group Mineral Resources as at 31 March 2018 are estimated to be 254.5 million tonnes at 0.96g/t Au for 7.86 million ounces of gold, compared with the estimate at 31 March 2017 of 268.0 million tonnes at 0.93g/t Au for 8.05 million ounces of gold. The change in the Group Mineral Resources is primarily due to depletion. Mineral Resources are reported inclusive of Ore Reserves and include all exploration and resource definition drilling information, where practicable, up to 31 March 2018 and have been depleted for mining to 31 March 2018. Mineral Resources are constrained by optimised open pit shells developed with operating costs and a long term gold price assumption of A$2,000 per ounce for the purpose of satisfying “reasonable prospects for eventual extraction” (JORC 2012). The JORC compliant Group Ore Reserves as at 31 March 2018 are estimated at 117.2 million tonnes at 1.08g/t Au for 4.06 million ounces of gold, compared with the estimate at 31 March 2017 of 59.3 million tonnes at 1.14g/t Au for 2.18 million ounces of gold. The change in the Group Ore Reserve from March 2017 to March 2018 is as follows: The Garden Well JORC compliant Mineral Resource as at 31 March 2018 is 68.9 million tonnes at 0.81g/t Au for 1.79 million ounces, compared to 70.1 million tonnes at 0.82g/t Au for 1.84 million ounces at 31 March 2017. | |
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