https://www.miningweekly.com
Design|Exploration|Financial|Gold|Mining|Underground|Drilling
Design|Exploration|Financial|Gold|Mining|Underground|Drilling
design|exploration|financial|gold|mining|underground|drilling

Regis reports new resource estimates

15th June 2021

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Gold miner Regis Resource’s mineral resource estimate has now been estimated at 10.4-million, with the company reporting an ore reserve of 4.8-million, following the acquisition of a 30% interest in the Tropicana gold mine.

Regis earlier this month settled the A$903-million purchase of fellow listed Independence Group’s stake in the Western Australian gold mine.

“We are pleased to have incorporated Tropicana into our portfolio increasing our total resource to 10.4-million ounces and total reserves to 4.8-million ounces. The Tropicana joint venture (JV) delivers on our strategic objective to grow as a safe, responsible, reliable, long life, low cost gold producer, generating strong financial returns,” said Regis MD and CEO Jim Beyer.

Tropicana currently has a mineral resource estimate of 7.64-million ounces, on a 100% basis, and a reserve of 2.69-million ounces.

“Beyond the long history of openpit mining, the establishment of Tropicana’s first underground mine at Boston Shaker is a key milestone for the mine and with continued exploration and resource definition the potential for growing underground production is a compelling aspect of the future for the operation,” Beyer said.

Underground resource definition drilling is expected to continue through 2021 to extend the Boston Shaker underground ore reserve.

Regis noted that additional work programmes were also under way to assess the potential for additional underground mines beyond the final design limits of the Tropicana, Havana and Havana South openpits.

“Investment in regional exploration at Tropicana will also continue to seek to identify new discoveries and ultimately unlock a long future of production at the operation. Regis, alongside AngloGold Ashanti is committed to investing in exploration and discovery at the Albany-Fraser belt,” said Beyer.

Edited by Creamer Media Reporter

Comments

Showroom

Werner South Africa Pumps & Equipment (PTY) LTD
Werner South Africa Pumps & Equipment (PTY) LTD

For over 30 years, Werner South Africa Pumps & Equipment (PTY) LTD has been designing, manufacturing, supplying and maintaining specialist...

VISIT SHOWROOM 
Rentech
Rentech

Rentech provides renewable energy products and services to the local and selected African markets. Supplying inverters, lithium and lead-acid...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Hyphen, Eva mine, ferrochrome price make headlines
Hyphen, Eva mine, ferrochrome price make headlines
27th March 2024
Resources Watch
Resources Watch
27th March 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.134 0.167s - 109pq - 2rq
Subscribe Now