Regis Resources reinstates $7.1B gold reserve

• Regis Resources has reinstated its 1.89-million-ounce ore reserve at the McPhillamys Gold Project using an alternative tailings strategy.
• The company's share price fell slightly following the announcement to trade around $6.97 per share.
• The updated development pathway targets a final investment decision in the first half of calendar year 2028.

Regis Resources (ASX:RRL) reinstated its 1.89-million-ounce ore reserve at the McPhillamys Gold Project after completing an economic study.

The development comes after the company withdrew the original reserve estimate in August 2024 following a regulatory declaration.

“It is very pleasing to be able to reinstate the McPhillamys reserves of 56Mt at 1.1g/t Au for 1.89Moz (100% Probable), achieving a significant milestone for Regis,” said Regis Resources Managing Director and CEO Jim Beyer.

The business stated that the project requires $1.08 billion in pre-production capital and is projected to generate $7.1 billion in revenue.

Following the announcement, the Regis Resources share price was down at $6.97.

The company previously wrote off the $192 million carrying value of the asset following the regulatory blockages in 2024.

Management continues to pursue legal options regarding the project while simultaneously advancing this alternative development pathway.