Regis Resources has declared an initial open pit mineral resource for Beamish South of 7 million tonnes at 1.1 grams per tonne gold, equating to 270,000 ounces, within an economic pit shell at A$3,900 per ounce. This marks a meaningful milestone for the company’s Duketon operation and represents the first quantified resource from this prospect, providing a tangible foundation for future development planning.
The announcement reflects a broader exploration strategy showing progress across three key operating areas. At Duketon, recent drilling has validated continuity at multiple prospects. Garden Well has confirmed strong mineralisation both within existing resources and up to 500 metres down plunge, suggesting scope for resource expansion. King of Creation drilling has returned robust widths and moderate to high grade intervals consistent with historical data, reinforcing confidence in down plunge extension. Rosemont Stage 3 intersected strong mineralisation within the quartz-dolerite host rock, with evidence the unit extends a further 300 metres south of the current design envelope. Drilling at Ben Hur is ongoing and continues to support the view of this as a potentially viable underground opportunity.
Activity at McPhillamys is reaching an inflection point, with drilling at Kings Plains, less than 2 kilometres from the McPhillamys Gold Project, confirming gold mineralisation to a depth of at least 180 metres. The company is evaluating whether this extension can support an economic open pit resource, adding another near-mine exploration string to the bow. At Tropicana, Boston Shaker drilling returned highly encouraging results demonstrating down plunge mineralisation extension. Underground drilling has increased confidence in known mineralisation both south and down plunge, while surface drilling at Havana South has returned promising results and continued infilling of Inferred Mineral Resources.
For investors, the strategic value lies in what this portfolio suggests about the company’s longer-term growth profile. Managing Director Jim Beyer emphasised that Regis holds almost 100 exploration prospects at varying stages of maturity across the portfolio. The steady flow of positive results from adjacent and down plunge targets suggests the company can extend mine life and potentially grow the resource base through near-mine exploration, a lower-risk pathway than greenfields discovery. The Beamish South resource declaration moves that prospect from exploratory stage to a more advanced status, though whether it progresses to ore reserve estimation will depend on further drilling and economic modelling.
The exploration update validates Regis’ strategy of leveraging its operational base and existing geological knowledge to systematically test exploration targets. The concentration of activity around known mineralisation suggests the company is working with high confidence in the geological model and the potential for meaningful resource growth. Investors should monitor the progression of drilling at priority targets, particularly whether Beamish South can be expanded through further work, how quickly Kings Plains results translate into resource definition, and whether the Tropicana underground targets show sufficient continuity to support long-term mining scenarios. This announcement is price sensitive and has been flagged as material by the ASX.
View the full ASX announcement (PDF)
About Regis Resources Limited (ASX: RRL)
Regis Resources Limited is an Australian gold producer and explorer that engages in the exploration, evaluation, and development of gold projects. The company operates the Duketon Gold Project in the northeastern Goldfields of Western Australia and the Tropicana Gold Project east-northeast of Kalgoorlie in Western Australia.
If you would like to discuss this announcement or how it might affect your portfolio, request a callback or call us on 1300 889 603.
