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REGIS RESOURCES LIMITED - ASX: RRL
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Description
Regis Resources Limited (ASX: RRL) is a publicly listed emerging Australian gold production and exploration company with a proven management team that has a successful track record of developing mid-sized gold operations within Australia and Africa.
The Company has commenced mining operations at its 100% owned Duketon Gold Project, 130 kilometres north of Laverton in Western Australia and holds a suite of prospective exploration projects in the area, including the exciting Garden Well Project.
The Duketon Gold Project commenced operations in August 2010 following the construction of the Moolart Well Gold Mine. The mine boasts a JORC Reserve of 603,000 ounces with average annual production expected to be 90,000 ounces over a six year mine life. The Company is confident that Moolart Well offers further Reserve and Resource growth potential from continued exploration programmes.
Regis also holds an extensive tenement package within the Laverton region and is actively exploring the area. In November 2009, the Company embarked on a successful drilling campaign to follow up several gold anomalies found in late 2008. This drilling campaign culminated in the exciting discovery of the Garden Well deposit located just 30 kilometres south of Regis’ operating Mollart Well Gold mine. In October 2010 the Company released a maiden JORC Resource at Garden Well of 1.21 million ounces of contained gold. Regis is expediting the development of the Garden Well deposit and expects to release a maiden JORC Reserve in the December 2010 quarter.
The Company also possesses a number of satellite deposits surrounding both Moolart Well and Garden Well which contain quoted JORC Reserves and Resources.
Mine For
gold, nickel
Location of operation(s)
Western Australia
Address
Level 1, 1 Alvan St
SUBIACO, WA, AUSTRALIA
Phone
(61 8) 9442 2200
Website
http://www.regisresources.com/
Last Updated
2/5/2011
The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.
