2025 Integrated Annual Report

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# 2025 Integrated Annual Report

Source: https://www.regisresources.com.au/wp-content/uploads/2025/09/02981872.pdf
Published: 2025-08-21T00:00:00+00:00
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# 2025 Integrated Annual Report
ANNUAL REPORT
2025
APPENDIX 4E (LISTING RULE 4.3A)
REGIS RESOURCES LIMITED AND ITS CONTROLLED ENTITIES
Appendix 4E (Listing Rule 4.3A): Regis Resources Limited and its Controlled Entities.
Additional Appendix 4E disclosure requirements under ASX Listing Rule 4.3A can be found in the Directors’ Report to the financial
statements, which is attached.
30 June 30 June
2025 2024 Change
$’000 $’000 $’000 %
Revenue from ordinary activities 1,647,412 1,262,814 384,598 30%
Gain / (loss) from ordinary activities after tax attributable to 254,356 (186,017) 440,373 N/A
members
Gain / (loss) for the period attributable to members 254,356 (186,017) 440,373 N/A
30 June 30 June
2025 2024
Net tangible asset per share (A$) 2.14 1.8
Basic earnings / (loss) per share (cps) 33.67 (24.63)
Diluted earnings / (loss) per share (cps) 33.43 (24.63)
Amount per
security Franking Date Payable
Final dividend 5 cents 100% 6 October 2025
Dividends
On 21 August 2025, the directors have determined the payment of a final fully franked dividend of 5 cents per fully paid share to
be paid on 6 October 2025, with a record date of 11 September 2025 (2024: nil). The Dividend Reinvestment Plan (DRP) remains
suspended until further notice.
This report is based on the consolidated financial statements for the year ended 30 June 2025, which has been audited by KPMG.
REGIS RESOURCES LIMITED (ASX: RRL, REGIS) IS ONE
OF THE LARGEST GOLD PRODUCERS LISTED ON THE
AUSTRALIAN SECURITIES EXCHANGE (ASX).
CONTENTS
Our Purpose and Values 4 Governance and Risk Management 26 Directors’ Declaration 125
Our Locations 5 Sustainability Report 29 Independent Auditor’s Report 126
FY25 Highlights 6 Directors’ Report 60 ASX Additional Information 131
Letter from the Chairman 8 Remuneration Report (Audited) 69 Abbreviations 134
Board of Directors 10 Auditor’s Independence Declaration 85 Corporate Information 137
Leadership Team 12 Financial Statements 86
Operating and Financial Review 14 Notes to the Financial Statements 91
ABN 28 009 174 761
Regis Resources Limited Annual Report 2025
ABOUT THIS REPORT It is believed that the forward looking Except as required by applicable law or
statements in this Report are reasonably regulations, Regis does not undertake
This Annual Report is a summary based on information available as at to publicly update or review any forward
of Regis’ operating and financial the date of this Report but known and looking statements, whether as a result
performance as at 30 June 2025. All unknown risks and uncertainties, and of new information or future events.
dollar figures are expressed as $A unless factors outside of Regis’ control, may Current and potential investors and
otherwise stated and Tropicana reflects cause the actual results, performance shareholders should seek independent
30% ownership unless otherwise stated. and achievements of Regis to differ advice before making any investment
materially from those expressed or decision in regard to Regis or its
Regis’ 2025 Corporate Governance
implied in this Report. activities.
Statement is available to view at www.
regisresources.com.au/corporate- These risk factors include, but are not
governance. limited to, changes in commodity prices,
foreign exchange fluctuations and
This Report has been approved for
general economic conditions, increased
release by the Board of Directors.
costs and demand for production inputs, ACKNOWLEDGEMENT OF
the speculative nature of exploration COUNTRY
FORWARD LOOKING and project development, including the
STATEMENTS risks of obtaining necessary licenses Regis recognises and respects
and permits and diminishing quantities the significance of Aboriginal and
This Report contains a number of
or grades of reserves, political and Torres Strait Islander peoples’
forward looking statements that are
social risks, changes to the regulatory communities, cultures and
subject to risk factors associated
framework within which the Company histories. Regis acknowledges
with gold exploration, mining and
operates or may in the future operate, the Traditional Owners of the
production businesses. Often, but not
environmental conditions including lands on which we operate: the
always, forward looking statements
extreme weather conditions, recruitment Mantjintjarra Ngalia, Spinifex and
can generally be identified by the
and retention of personnel, industrial Wongatha people in Western
use of forward looking words such as
relations issues and litigation. Readers Australia, and the Wiradjuri people
“may”, “will”, “expect”, “intend”, “plan”,
are cautioned not to place undue in New South Wales. We recognise
“estimate”, “anticipate”, “continue”,
reliance on forward looking statements. their ongoing connection with
and “guidance”, or other similar words
No representation or warranty, express land, waters and community, and
and may include, without limitation,
or implied is made as to the accuracy, pay our respects to Elders past
statements regarding plans, strategies
currency or completeness of the and present.
and objectives of management,
information in this Report, nor the future
anticipated production or construction
performance of Regis.
commencement dates and expected
costs or production outputs.
Regis Resources Limited Annual Report 2025 1
UNHEDGED GOLD PRODUCER
WITH ROBUST ASSETS
AND A STRONG PLATFORM IN
TIER-1 JURISDICTIONS.
A LEADING AUSTRALIAN GOLD PRODUCER
Regis Resources Limited (ASX: RRL, During FY25, Regis produced 373koz Regis also owns 100% of the
Regis or the Company) is one of the of gold, and being unhedged, sold into McPhillamys Gold Project (McPhillamys),
largest gold producers listed on the record spot gold prices, generating located in the Central Tablelands region
Australian Securities Exchange (ASX). meaningful cash flow with significant of New South Wales.
In FY25, Regis produced gold from leverage to the rising gold price. Regis
its operations located in the Eastern continues to further its underground
Goldfields of Western Australia, the growth strategy across both Duketon
Duketon Gold Project (Duketon) and the and Tropicana while continuing to
Tropicana Gold Project (Tropicana). explore for large-scale, high-value open
pit sources of ore.
2 Regis Resources Limited Annual Report 2025
100% AUSTRALIAN ASSETS WITH
SCALE, LEVERAGE TO THE GOLD
PRICE, AND DEMONSTRATED
GROWTH POTENTIAL.
Regis produced Delivered continued Cash and bullion* of
373koz GROWTH $517M
of gold during FY25 from its undergrounds at 30 June 2025
*Gold bullion on hand at 30 June 2025 was 2,324oz valued at a spot gold price of A$5,019/oz.
Regis Resources Limited Annual Report 2025 3
OUR PURPOSE AND VALUES
To grow value for our people, our communities, and our shareholders by mining safely and responsibly.
Teamwork
Work together; be inclusive and
diverse; be clear on how our work
contributes.
Courage
Integrity
Take and give constructive feedback; be
Do what you say you will do; do the prepared to admit being wrong; challenge
right thing, even when no one is the norm constructively; make the hard
looking; “walk the talk”. calls; take carefully calculated risks and
own the outcome.
Respect
Ownership
Demonstrate a genuine care for self
and others; show humility - no hubris; is Act and think like an owner; make sure to
approachable and open to other points of understand what is important; focus on
view; treat others as you would expect to what matters most.
be treated; encourage and develop people.
OUR CULTURE IS AT THE HEART OF EVERYTHING WE DO. YOU WILL OFTEN HEAR THE
WORD ‘FAMILY’ WHEN PEOPLE TALK ABOUT OUR CULTURE, AND OUR SHARED VALUES
UNDERPIN OUR CULTURE. THESE VALUES GUIDE EVERY DECISION WE MAKE, ENSURING
WE STAY TRUE TO WHO WE ARE.
4 Regis Resources Limited Annual Report 2025
OUR LOCATIONS
We are an unhedged gold producer with cash generating assets and organic growth optionality in a Tier-1 mining
jurisdiction.
WA
1 Duketon
2 Tropicana
Kalgoorlie
Perth NSW
McPhillamys 3 Sydney
STRONG PLATFORM IN A
TIER-1 LOCATION
Total Resources1 Total Reserves1
7.5 Moz 1.7Moz
1 DUKETON (100%) 2 TROPICANA (30%) 3 MCPHILLAMYS (100%)
• FY25 production: 233koz • FY25 production: 140koz • One of Australia’s largest
• FY25 AISC: $2,775/oz • FY25 AISC: $2,039/oz undeveloped open-pit gold
deposits
• FY25 drilling: 171km • FY25 drilling: 174km
• Mineral Resources1: 2.7Moz
• Mineral Resources1: 3.3Moz • Mineral Resources1: 1.6Moz
• Section 10 declared
• Ore Reserves1: 1.1Moz • Ore Reserves1: 0.6Moz
• Project reset in progress
1
ASX release titled “Mineral Resource, Ore Reserve and Exploration Update” dated 20 May 2025.
Regis Resources Limited Annual Report 2025 5
FY25 HIGHLIGHTS
In FY25, Regis executed on its strategic objectives, with significant progress made on delivering its underground
growth strategy. Regis is also unhedged and debt-free, well-positioning the Company to deliver growth and value
for its stakeholders.
OPERATIONS
Continued to focus on safety, Gold production was All-In Sustaining Costs were
achieving a Lost Time Injury
Frequency Rate (LTIFR) of
373koz $2,531/oz
0.4 towards the top end of guidance. in the bottom half of guidance.
well below the WA Mineral Industry
Gold average of 2.2.
FINANCIAL STRATEGIC GROWTH
Record Cash and Bullion balance of EBITDA of Continued to progress strategic
underground growth at Duketon,
$517M* $780M targeting the operation of at least
four underground mines, producing
*Gold bullion on hand at 30 June 2025 was 2,324oz up 163% (FY24: $297M). 200koz to 250koz of gold in the
valued at a spot gold price of A$5,019/oz. future.
Record operating cash flows of Repaid
Exploration activities continued to
$821M $300M evaluate additional potential future
open pit and underground mining
up 73% (FY24: $475m). Debt Facility and established a
areas across Duketon and Tropicana.
$300M Revolving Credit Facility.
Declared a final dividend of
Established an underground
5 CPS FOR $38M
Exploration Target at Ben Hur of
300koz to 550koz2.
taking total dividends declared since 2013 to nearly $585M.
Now unhedged, Regis’ financial and operational performance demonstrates the The Company progressed the
profitability and cash generation capacity of its assets. development of Garden Well Main
and the extension of Rosemont
Debt-free and unhedged for the first time since entering production. underground.
2
ASX release titled "Underground Exploration Target at Ben Hur." dated 21 November 2024.
6 Regis Resources Limited Annual Report 2025
MINERAL RESOURCES AND ORE RESERVES
Mineral Resources of Mineral Resource and Ore Reserve growth underpinned by ongoing
growth across Duketon and Tropicana.
7.5Moz contained gold.
Duketon open pit Ore Reserves grew to 640koz across several open pits
and stockpiles.
Fifth consecutive year of underground Ore Reserves growth at Duketon.
Ore Reserves of
At Tropicana CY24 underground Ore Reserves growth was 178koz (100%)
1.7Moz contained gold. after Ore Reserve depletion of 198koz (100%), 90% replacement following
on from the record 260% replacement in prior year.
ESG
Rehabilitated
Contributed over $1B to the Australian economy through all payments
201ha (including suppliers and capital purchases), wages, royalties and taxes.
of disturbed land.
Reduced scope 1 & 2 emissions by Completed the construction of the Tropicana 61MW renewable energy
project - one of the largest hybrid power system in Australia’s
7.6% mining sector.
Female representation:
23% 33%
Employees Board of
up from 22% Directors.
in FY24.
REGIS CONTINUED TO PROGRESS ITS STRATEGIC
UNDERGROUND GROWTH AT DUKETON,
TARGETING THE OPERATION OF AT LEAST FOUR
UNDERGROUND MINES.
Regis Resources Limited Annual Report 2025 7
LETTER FROM THE CHAIRMAN
DEAR SHAREHOLDER,
As we reflect

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