McPhillamys Gold Project - Pre-Feasibility Study
Regis has undertaken studies to a pre-feasibility level into the development of the McPhillamys Gold Project (MGP) in New South Wales. The study assesses the MGP to an appropriate level to support the estimation of a JORC compliant maiden Ore Reserve and to enable the Regis Board to determine the viability of the project so as to commit to workstreams required to complete a Definitive Feasibility Study (DFS) in the December 2017 quarter.
== Life of Mine (LOM) Summary
—>Key life of mine physical results from the study, at a processing throughput of 7Mtpa, are summarised below:
The capital cost estimate has been developed for the design and construction of a 7.0Mtpa open cut mine and gold processing facility using all new equipment. The MGP capital cost is estimated at $215 million as summarised below.
If the 215 Million Aud is correct the question is how could Regis finance this? They have actually 208 Mio Aud Cash.
Background:
The MGP is wholly owned by Regis and is located approximately 250 kilometres west of Sydney in the Central West region of New South Wales.
In 2017 Regis announced a maiden Ore Reserve Estimate at MGP of 60.1 million tonnes at 1.05g/t Au for 2,034,000 ounces of gold.
Pre-feasibility level studies in 2017 show the MGP is a robust, large scale open pit gold mine with a planned 7 million tonne per annum mining and processing operation producing an average of 192,000 ounces per annum over a ten year mine life.
RRL Price at posting:
$5.16 Sentiment: Buy Disclosure: Held
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