Regis Resources (RRL) Noosa Mining Conference 2026 summary

Production and Asset Overview

• FY26 gold production reached 379,000 oz, at the top end of guidance, with Duketon (100% owned) and Tropicana (30% share) contributing midpoint guidance of 255,000 oz and 125,000 oz respectively.

• Cash and bullion holdings grew to AUD 1.2 billion, with an additional AUD 300 million revolving credit available and $667 million added after dividends and tax.

• Paid fully franked dividends totaling AUD 152 million and AUD 156 million in tax during the year, with cumulative dividends since 2013 reaching AUD 700 million.

• Maintained a debt-free balance sheet and disciplined capital allocation, balancing growth investment and shareholder returns.

• FY27 guidance targets group production of 360,000–400,000 oz at an AISC of $2,990–$3,390/oz, with significant growth capital and exploration budgets allocated.

Resource Growth and Exploration

• Group Mineral Resources increased 10% year-over-year to 8.3Moz, and Mineral Reserves rose 20% to 3.9Moz.

• Duketon reserves maintained at 1.4Moz since 2021, despite producing 1.2Moz in that period, with underground reserves growing from 123,000 oz to 714,000 oz over 6–7 years.

• New discoveries include Ben Hur (240,000 oz resource, still drilling, with an exploration target of 300–550koz) and Beamish South (250,000–270,000 oz resource, new pit).

• Tropicana underground reserves increased from 320,000 oz (2018) to 850,000 oz (2025), with over 800,000 oz produced and ongoing exploration to extend mineralisation.

• Garden Well mineralisation confirmed 500m down plunge, and regional exploration at Discovery Ridge and Kings Plains near McPhillamys supports future growth.

Operational Strategy and Cost Management

• Duketon guidance range increased to 240,000–270,000 oz, above previous long-term expectations, with opportunistic ounces pursued at Duketon North due to strong gold prices and underutilized mill.

• BuckWell Open Pit at Duketon North adds 223,000–251,000 oz over 5.5 years, with a $268M pre-tax NPV and 127% IRR at consensus gold prices.

• Opportunistic ounces have raised average all-in sustaining costs, but the project remains flexible and profitable; Duketon North operations can be halted quickly if gold prices fall.

• Continued focus on organic growth through exploration pipeline, new open pit and underground reserves, and opportunistic ounces to maximise cash generation.

• All other operational metrics remained within guidance.