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Regis Resources Ltd.

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Summary

Project:

Duketon

Deposit:Rosemont
Location:Australia
Commodities:Gold
Date:10/19/2018
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Active Mining & Production
Report details:19-10-2018: Regis Resources Ltd. announces an Exploration/Drilling Update report for its Rosemont deposit at the Duketon project. Drilling results incl. 6m @ 56.28g/t Au from 126m. The Duketon Gold Project achieved another quarter of strong operations wit
Resources:(not mentioned in this report)
CP/QP:[Overall Report]: Tara French (Internal)
ABSTRACT:The Duketon Gold Project achieved another quarter of strong operations with 90,879 ounces of gold produced in the September 2018 quarter. This production is in line with the previous quarter and above the midpoint of FY 2019 guidance of 340,000 - 370,000 ounces. The pre-royalty cash cost for the quarter of $793 per ounce and the all in sustaining cost (AISC) of $923 per ounce are well below the annual guidance range. Mining at Duketon South Operations focussed on pre-production mining at Tooheys Well to prepare the project for first ore processing and production in the December 2018 quarter. Gold production was up 10% on the previous quarter as a result of a 9% increase in head grade through the Moolart Well processing facility. The processed grade improved during the quarter due to the recommencement of mining at the Gloster satellite deposit which provided higher grade ore for processing. In the previous quarter lower grade Gloster stockpiled ore was processed as the mining focussed on waste mining to provide material for a now completed TSF lift. The focus in the latter part of the September 2018 quarter was to mine additional ore at the Gloster deposit to replenish the satellite ore stockpile in anticipation of the mining fleet being relocated to the Dogbolter and Anchor deposits to continue pre-production mining of these projects. Accordingly, the volume of ore mined at DNO increased by 250% which resulted in stripping ratio across the project declining from 7.4:1 in the June 2018 quarter to 2.2:1 in the September 2018 quarter. As a result of the higher production and lower stripping ratio, AISCs were 22% lower than the previous quarter at $898 per ounce.

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