Regis Resources provided an update on the McPhillamys Gold Project in New South Wales, citing higher costs due to inflation and planning adjustments.

Revised estimates indicate total costs of $845 million to $900 million, with pre-production expenses of $115 million to $155 million and all-in sustaining costs at $1,600/oz to $1,800/oz.

The definitive feasibility study is expected to be completed by the end of FY24, and subsequent approvals will precede the final investment decision.