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Regis Resources Ltd.
Summary
| Project: | McPhillamys | |
|---|---|---|
| Deposit: | McPhillamys | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 9/8/2017 | |
| Report Code: | JORC | |
| Report Type: | Pre-Feasibility Study | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 8-9-2017: Regis Resources Ltd. announces a Pre-Feasibility Study report for its McPhillamys deposit at the McPhillamys project. PFS results including a Initial ore reserve at the McPhillamys Gold Project. The Board of Regis Resources Limited (Regis) is pl | |
| Resources: | (Reserve, Prob.): 60.1Mt @ 1.05g/t Au for 2.034Moz Au contained at project | |
| CP/QP: | [Resources]: Jarrad Price (Internal) | |
| ABSTRACT: | The Board of Regis Resources Limited (Regis) is pleased to announce the estimation of a maiden Ore Reserve at the Company’s 100% owned McPhillamys Gold Project (MGP) in NSW. Regis has undertaken studies to a pre-feasibility level into the development of the MGP. The project study considers Regis’ intention to develop, construct and operate a 7.0 Mtpa open pit gold mine including the process facility and supporting infrastructure. The study has been prepared in conjunction with Cube Consultants Pty Ltd (Cube) and Mintrex Pty Ltd (Mintrex). The study assesses the technical and financial viability of the project to a PFS level and supports the estimation of a JORC compliant maiden Ore Reserve. Work will continue towards completion of a Definitive Feasibility Study (DFS) in the December 2017 quarter. Regis Executive Chairman, Mark Clark commented: “A maiden reserve in excess of 2 million ounces and the robust pre-feasibility economics at the McPhillamys Gold Project are a testament to the scale and quality of the project. We look forward to pushing ahead with completion of the final elements of the DFS and then submitting permitting applications immediately thereafter. Development of the project is an outstanding organic growth opportunity for Regis”. | |
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