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Regis Resources Ltd.

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Summary

Project:

Duketon

Deposit:Rosemont
Location:Australia
Commodities:Gold
Date:3/12/2018
Report Code:JORC
Report Type:Resource Estimation
Project Stage:Active Mining & Production
Report details:12-3-2018: Regis Resources Ltd. announces a Resource Estimation report for its Rosemont deposit at the Duketon project. Initial mineral resource at the Rosemont deposit. Regis Executive Chairman, Mark Clark commented: “The maiden underground resource at R
Resources:(Resource, Total): 18.1Mt @ 1.58g/t Au for 0.916Moz at the deposit
CP/QP:[Resources]: Andrew Finch (Entech Pty Ltd.)
ABSTRACT:Regis Executive Chairman, Mark Clark commented: “The maiden underground resource at Rosemont is a significant milestone for Regis. We are working to prove the underground mining proposition at Rosemont in these two initial, discrete areas. Mining studies are underway and we hope to make a development decision on underground mining by the end of June and then grow the scale of the underground mining inventory and operations from that platform. With underground resource drilling also now underway at Garden Well, the broader underground opportunity for Regis at Duketon is substantial.” The Rosemont Project is a fully operational open pit gold mine (commenced in March 2013) with a stand-alone crushing and grinding plant, piping an ore slurry to the Garden Well CIL processing facility. The current open pit mine is expected to continue until at least FY2024. The geology at Rosemont has gold hosted in the steeply dipping 345° trending Rosemont Dolerite unit intruding into an ultramafic sequence. Gold mineralisation is within a brittle quartzdolerite phase of the Rosemont Dolerite, primarily occurring within discrete, steeply dipping, quartz-dolerite parallel, en-echelon and stacked vein structures. The quartz-dolerite varies from 5 meters, up to 100 meters wide.

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