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Regis Resources Announces 2.03moz Maiden Gold Reserve at McPhillamys

08 Sep 2017  |  09:56:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: 2.03 Million Ounce Maiden Gold Reserve at McPhillamys

Regis Resources announced the estimation of a maiden Ore Reserve at the Company's 100% owned McPhillamys Gold Project (MGP) in NSW. It has undertaken studies to a pre-feasibility level into the development of the MGP. The project study considers its 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 (Cube) and Mintrex. A maiden reserve in excess of 2moz and the robust pre-feasibility economics at the McPhillamys Gold Project are a testament to the scale and quality of the project. Maiden Ore Reserve Estimate at the McPhillamys Gold Project (MGP) is 60.1mt at 1.05g/t Au for 2,034,000ozAu.

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