Great announcement.... organic growth at a cost of $24 per reserve ounce. Mining is expected to commence in the March 2018 quarter...
“The addition of 366,000 ounces of gold to Regis’ Ore Reserves from recent drilling at Tooheys Well demonstrates the excellent organic growth potential that aggressive exploration of the prospective Duketon greenstone belts controlled by Regis can deliver. With Regis’ 5Mtpa Garden Well processing plant located only 2.5km to the north, mining of Tooheys Well will generate significant value for the Company. It extends the mine life of the project and should increase total Duketon production by more than 30,000 ounces per annum due to its significantly higher grade than the grade of the displaced ore from Garden Well.”
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(20min delay)