PRELIMINARY ENVIRONMENTAL ASSESSMENT SUBMITTED FOR MCPHILLAMYS...

PRELIMINARY ENVIRONMENTAL ASSESSMENT SUBMITTED FOR
MCPHILLAMYS GOLD PROJECT
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The board of Regis Resources Ltd is pleased to advise that the Preliminary Environmental
Assessment (PEA) for the McPhillamys Gold Project (MGP) has been submitted to the NSW
Department of Planning and Environment (DPE). The PEA represents the lead document in the
development application phase and is the trigger for the DPE to provide the Secretary’s
Environmental Assessment Requirements (SEARs) for the project. The SEARs allow for the
Environmental Impact Statement (EIS) to be appropriately focussed so as to enable regulatory
assessment of the project.
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Contemporaneous with the preparation of the EIS, Regis expects to complete the Definitive
Feasibility Study for the project in the December 2018 quarter. The DFS will incorporate the
requirements for project development emanating from the SEARs and EIS. It will resolve operating
parameters, estimated capital and operating costs and a development timetable (subject to
completion of permitting).
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Regis Executive Chairman Mr Mark Clark commented:
“The submission of the PEA is a positive step for the MGP which will lead to the NSW DPE issuing
environmental assessment requirements for the project. This will in turn allow the required
environmental impact and feasibility studies to be completed which will underpin Regis progressing
the project through permitting and in to development.”
Background:
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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.
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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.
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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.