EXPLORATION & DEVELOPMENT

Regis proclaims McPhillamys milestone

Critical documents submitted to NSW government as permitting grinds on

This article is 5 years old. Images might not display.

Regis CEO Jim Beyer said lodging the the state significant development application and environmental impact statements was a "significant milestone" in the McPhillamys assessment process.
 
The documents will now be reviewed by the authorities before being opened up for the community comment process.
 
Beyer said Regis would hold more community open days during the six-week EIS process. 
 
With a 10 year life-of-mine, McPhillamys is forecast to generate short-term 350 construction jobs and 260 direct jobs.
 
First gold is expected to be about three years away. 
 
A September 2017 pre-feasibility study flagged capital costs of A$215.4 million for a 7.5 million tonne per annum plant to produce 192,000 ounces per annum at all-in sustaining costs of $990 an ounce over a nine-year mine life.
 
A definitive feasibility study is being finalised for the 2Moz deposit, with costs expected to be higher than the PFS.
 
There is also a satellite deposit at Discovery Ridge that will require its own EIS, but the WA gold miner will not begin that process until after the final investment decision for the main mine.
 
Regis has cash and bullion worth more than $180 million.
 
Shares in the miner were up 5% in early trade to $6.20, capitalising the Regis at $3.2 billion.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

MiningNews.net Research Report 2025

The MNN Research Report 2025 provides insights into critical mining themes in Australia/Oceania, including top projects, C-suite priorities, risk, ESG performance and investor sentiment.

editions

Mining Journal Intelligence: Investor Sentiment Report 2025

Exclusive insights into the plans, priorities and preferences of 130+ mining investors and top factors influencing investment decisions in 2025.

editions

Mining Journal Intelligence World Risk Report 2024 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 117 jurisdictions globally, assessed across six risk categories and an industrywide survey.

editions

Mining Company ESG Index: Benchmarking the Future of Sustainable Mining

The Mining Company ESG Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.