2 Gold Stocks – Regis Resources Limited and Saracen Mineral Holdings Limited

Robust pre-feasibility economics at the McPhillamys Gold Project: Regis Resources Limited (ASX: RRL) came under pressure owing to gold price movement and stock trading ex-dividend on September 12, 2017. RRL has recently announced the estimation of a maiden Ore Reserve at the Company’s 100% owned McPhillamys Gold Project (MGP) in NSW. Regis has undertaken studies to a pre-feasibility level into the development of the MGP, including construction and operation of 7.0 Mtpa open pit gold mine with the process facility and supporting infrastructure. The study has been prepared in conjunction with Cube Consultants Pty Ltd (Cube) and Mintrex Pty Ltd (Mintrex). The study assesses the technical and financial viability of the project to a Pre-Feasibility Study level and supports the estimation of a JORC compliant maiden Ore Reserve. The work will continue towards completion of a Definitive Feasibility Study (DFS) in the December 2017 quarter. Maiden Ore Reserve Estimate at the McPhillamys Gold Project (MGP) has been estimated at 60.1 million tonnes at 1.05g/t Au for 2,034,000 ounces of gold. A gold price of A$1,400 per ounce was used in Ore Reserve pit optimisation.    


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