RRL: 2026 Denver Mining Forum Presentation
Original announcement by asx on
- Company
- Regis Resources
- Ticker
- RRL
- Exchange
- ASX
- Region
- Australia
- Primary commodity
- Gold
- Secondary commodities
- None reported
- Document categories
- Resource update, Production, Capital raise
- Extracted
- 2026-09-23 23:21:31 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Regis Resources presented at the 2026 Denver Mining Forum, showcasing strong FY26 financial results including record NPAT and cash flow, alongside significant fully franked dividends. The company reported updated Mineral Resources of 8.3 Moz and Ore Reserves of 3.9 Moz (Group total), with notable growth in underground reserves at Duketon and Tropicana. FY27 guidance projects 360-400 koz gold production at an AISC of $2,990-$3,390/oz, supported by ongoing exploration and resource definition, including a new discovery at Beamish South and a positive PFS for McPhillamys.
Reasoning: The presentation highlights Regis Resources' strong financial performance, substantial and growing gold resource and reserve base across its key projects, and a clear strategy for shareholder returns and future growth, despite a pending judicial review for the McPhillamys project.
Positive factors
- Strong financial performance with record NPAT and cash flow in FY26.
- Sector-leading free cash flow per share and consistent fully franked dividends.
- Significant growth in Duketon and Tropicana underground Ore Reserves after depletion.
- Maiden Mineral Resource declared at Beamish South, a new discovery near existing infrastructure.
- McPhillamys PFS supports reinstatement of a large Ore Reserve with robust economics.
Negative factors
- McPhillamys project faces ongoing judicial review regarding a Section 10 Declaration, posing a permitting risk.
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 37
Classification and evidence
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: The document states that 'appropriate Competent Person’s consents were obtained for the release of that information in the Relevant ASX Announcements'.
Evidence · text
“appropriate Competent Person’s consents were obtained”
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: The document explicitly states that Mineral Resources and Ore Reserves were 'first reported in accordance with the JORC Code 2012'.
Evidence · text
“first reported in accordance with the JORC Code 2012”
Tonnage Growthpositive
Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.
Why it applies: The presentation highlights an '850% increase in underground Ore Reserves at Duketon' and '169% increase in Tropicana underground Ore Reserves'.
Evidence · text
“~850% increase in underground Ore Reserves1 at Duketon”
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: The reported increases in underground Ore Reserves at Duketon and Tropicana, along with the growth in Duketon Resources, imply an increase in contained metal.
Evidence · text
“~850% increase in underground Ore Reserves1 at Duketon including depletion of 475koz of gold since 2019”
Maiden Resourceneutral
First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component.
Why it applies: The document announces 'Beamish South – 270koz Resource declared', indicating a new discovery and initial resource estimate.
Evidence · text
“Beamish South – 270koz Resource declared”
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: The document provides updated Mineral Resource and Ore Reserve figures for multiple projects, including effective dates of December 2025 and May 2026.
Evidence · text
“Mineral Resources1: 4.0Moz Ore Reserves1: 1.4Moz”
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: The McPhillamys project's production targets and financial information are based on a 'supporting PFS titled “New McPhillamys PFS Supports Reinstatement of Ore Reserve”'.
Evidence · text
“McPhillamys Production Targets and forecast financial information are based on 100% Probable Reserves and a supporting PFS titled “New McPhillamys PFS Supports Reinstatement of Ore Reserve””
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: The Mineral Resources table includes significant tonnages and contained metal classified as 'Inferred' for Duketon North, Duketon South, Tropicana, McPhillamys, and Discovery Ridge.
Evidence · table
“9”
Context: 0.8
Judicial Review Risknegative · Story-specific tag
No canonical definition is currently available.
Why it applies: The McPhillamys project is subject to a 'Judicial review of Section 10 Declaration' which 'remains before the Federal Court'.
Evidence · text
“Judicial review of Section 10 Declaration2 remains before the Federal Court”
Extracted facts
Stored fact records: 37. Some facts used in scoring do not have a stored record.
Resource Estimates (37)
probableDuketon North · goldTonnes: 15000000Grade: 0.9Grade Unit: g/tContained Metal: 423Contained Unit: kozView all detailsHide details
Identity
- Project
- Duketon North
- Commodity
- gold
- Region
- australia
- Reported Region
- Australia
- Ticker
- RRL
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:420205f7dbce69c2356c
- Ownership percent
- 100 %
- Resource basis
- attributable
Resource Data
- Category
- probable
- Tonnes
- 15000000
- Grade
- 0.9
- Grade Unit
- g/t
- Contained Metal
- 423
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: This represents a significant probable open-pit gold reserve at Duketon North, contributing materially to the company's overall reserve base.
Positive factors
- Large tonnage and contained metal for an open-pit probable reserve.
- Good grade for an open-pit gold reserve.
Evidence · table
“15”
Context: 0.9
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
provenDuketon North · goldTonnes: 1000000Grade: 0.5Grade Unit: g/tContained Metal: 9Contained Unit: kozView all detailsHide details
Identity
- Project
- Duketon North
- Commodity
- gold
- Region
- australia
- Reported Region
- Australia
- Ticker
- RRL
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:1d8d9764076bc5b1bfa3
- Material type
- stockpile
- Ownership percent
- 100 %
- Resource basis
- attributable
Resource Data
- Category
- proven
- Tonnes
- 1000000
- Grade
- 0.5
- Grade Unit
- g/t
- Contained Metal
- 9
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: A small but high-confidence proved reserve from stockpiles at Duketon North, providing immediate feed.
Positive factors
- Proved category indicates high confidence.
- Stockpile material represents readily available ounces.
Evidence · table
“1”
Context: 0.5
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
probableDuketon South · goldTonnes: 4000000Grade: 1.1Grade Unit: g/tContained Metal: 141Contained Unit: kozView all detailsHide details
Identity
- Project
- Duketon South
- Commodity
- gold
- Region
- australia
- Reported Region
- Australia
- Ticker
- RRL
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:fba906e00b861a151c36
- Ownership percent
- 100 %
- Resource basis
- attributable
Resource Data
- Category
- probable
- Tonnes
- 4000000
- Grade
- 1.1
- Grade Unit
- g/t
- Contained Metal
- 141
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: A moderate-sized probable open-pit gold reserve at Duketon South, contributing to the overall reserve base.
Positive factors
- Good grade for an open-pit probable reserve.
Evidence · table
“4”
Context: 1.1
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
provenDuketon South · goldTonnes: 0Grade: 1.6Grade Unit: g/tContained Metal: 12Contained Unit: kozView all detailsHide details
Identity
- Project
- Duketon South
- Commodity
- gold
- Region
- australia
- Reported Region
- Australia
- Ticker
- RRL
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:b3710ffb8161ecb9a064
- Ownership percent
- 100 %
- Resource basis
- attributable
Resource Data
- Category
- proven
- Tonnes
- 0
- Grade
- 1.6
- Grade Unit
- g/t
- Contained Metal
- 12
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: A small proved underground gold reserve at Duketon South, indicating high confidence for a limited quantity of metal.
Positive factors
- Proved category indicates high confidence.
Negative factors
- Very low tonnage, likely due to rounding, limits overall impact.
Evidence · table
“0”
Context: 1.6
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
probableDuketon South · goldTonnes: 12000000Grade: 1.8Grade Unit: g/tContained Metal: 702Contained Unit: kozView all detailsHide details
Identity
- Project
- Duketon South
- Commodity
- gold
- Region
- australia
- Reported Region
- Australia
- Ticker
- RRL
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:dd454e76c74b862ae935
- Ownership percent
- 100 %
- Resource basis
- attributable
Resource Data
- Category
- probable
- Tonnes
- 12000000
- Grade
- 1.8
- Grade Unit
- g/t
- Contained Metal
- 702
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: This represents a substantial probable underground gold reserve at Duketon South, significantly contributing to the company's reserve base.
Positive factors
- Significant tonnage and contained metal for an underground probable reserve.
- Good grade for an underground gold reserve.
Evidence · table
“12”
Context: 1.8
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
provenDuketon South · goldTonnes: 5000000Grade: 0.6Grade Unit: g/tContained Metal: 101Contained Unit: kozView all detailsHide details
Identity
- Project
- Duketon South
- Commodity
- gold
- Region
- australia
- Reported Region
- Australia
- Ticker
- RRL
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:74851a00b81a3b88782a
- Material type
- stockpile
- Ownership percent
- 100 %
- Resource basis
- attributable
Resource Data
- Category
- proven
- Tonnes
- 5000000
- Grade
- 0.6
- Grade Unit
- g/t
- Contained Metal
- 101
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: A moderate-sized proved reserve from stockpiles at Duketon South, providing a reliable source of feed.
Positive factors
- Proved category indicates high confidence.
- Stockpile material represents readily available ounces.
Evidence · table
“5”
Context: 0.6
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
provenTropicana · goldTonnes: 1000000Grade: 1.4Grade Unit: g/tContained Metal: 28Contained Unit: kozView all detailsHide details
Identity
- Project
- Tropicana
- Commodity
- gold
- Region
- australia
- Reported Region
- Australia
- Ticker
- RRL
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:96b6217159f3a53bf0bd
- Ownership percent
- 30 %
- Resource basis
- attributable
Resource Data
- Category
- proven
- Tonnes
- 1000000
- Grade
- 1.4
- Grade Unit
- g/t
- Contained Metal
- 28
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: A small proved open-pit gold reserve at Tropicana, representing a high-confidence portion of the attributable reserves.
Positive factors
- Proved category indicates high confidence.
- Good grade for an open-pit reserve.
Evidence · table
“1”
Context: 1.4
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
probableTropicana · goldTonnes: 4000000Grade: 1.8Grade Unit: g/tContained Metal: 213Contained Unit: kozView all detailsHide details
Identity
- Project
- Tropicana
- Commodity
- gold
- Region
- australia
- Reported Region
- Australia
- Ticker
- RRL
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:0057f39170a0e3a719eb
- Ownership percent
- 30 %
- Resource basis
- attributable
Resource Data
- Category
- probable
- Tonnes
- 4000000
- Grade
- 1.8
- Grade Unit
- g/t
- Contained Metal
- 213
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: A moderate-sized probable open-pit gold reserve at Tropicana, contributing to the attributable reserve base.
Positive factors
- Moderate tonnage and contained metal for an open-pit probable reserve.
- Good grade for an open-pit gold reserve.
Evidence · table
“4”
Context: 1.8
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
provenTropicana · goldTonnes: 1000000Grade: 2.8Grade Unit: g/tContained Metal: 121Contained Unit: kozView all detailsHide details
Identity
- Project
- Tropicana
- Commodity
- gold
- Region
- australia
- Reported Region
- Australia
- Ticker
- RRL
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:96b6217159f3a53bf0bd
- Ownership percent
- 30 %
- Resource basis
- attributable
Resource Data
- Category
- proven
- Tonnes
- 1000000
- Grade
- 2.8
- Grade Unit
- g/t
- Contained Metal
- 121
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: A moderate-sized proved underground gold reserve at Tropicana, representing a high-confidence portion of the attributable reserves.
Positive factors
- Proved category indicates high confidence.
- Good grade for an underground reserve.
Evidence · table
“1”
Context: 2.8
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
probableTropicana · goldTonnes: 1000000Grade: 2.9Grade Unit: g/tContained Metal: 134Contained Unit: kozView all detailsHide details
Identity
- Project
- Tropicana
- Commodity
- gold
- Region
- australia
- Reported Region
- Australia
- Ticker
- RRL
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:d2245c431a59e3507a5f
- Ownership percent
- 30 %
- Resource basis
- attributable
Resource Data
- Category
- probable
- Tonnes
- 1000000
- Grade
- 2.9
- Grade Unit
- g/t
- Contained Metal
- 134
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: A moderate-sized probable underground gold reserve at Tropicana, contributing to the attributable reserve base.
Positive factors
- Moderate tonnage and contained metal for an underground probable reserve.
- Good grade for an underground gold reserve.
Evidence · table
“1”
Context: 2.9
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
provenTropicana · goldTonnes: 5000000Grade: 0.5Grade Unit: g/tContained Metal: 79Contained Unit: kozView all detailsHide details
Identity
- Project
- Tropicana
- Commodity
- gold
- Region
- australia
- Reported Region
- Australia
- Ticker
- RRL
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:3276c512344704e16d80
- Material type
- stockpile
- Ownership percent
- 30 %
- Resource basis
- attributable
Resource Data
- Category
- proven
- Tonnes
- 5000000
- Grade
- 0.5
- Grade Unit
- g/t
- Contained Metal
- 79
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: A moderate-sized proved reserve from stockpiles at Tropicana, providing a reliable source of feed.
Positive factors
- Proved category indicates high confidence.
- Stockpile material represents readily available ounces.
Evidence · table
“5”
Context: 0.5
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
probableMcPhillamys · goldTonnes: 56000000Grade: 1.1Grade Unit: g/tContained Metal: 1890Contained Unit: kozView all detailsHide details
Identity
- Project
- McPhillamys
- Commodity
- gold
- Region
- australia
- Reported Region
- Australia
- Ticker
- RRL
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:62b8510d93ec932a04e5
- Ownership percent
- 100 %
- Resource basis
- attributable
Resource Data
- Category
- probable
- Tonnes
- 56000000
- Grade
- 1.1
- Grade Unit
- g/t
- Contained Metal
- 1890
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2026-05-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: This represents a substantial probable open-pit gold reserve at McPhillamys, significantly contributing to the company's overall reserve base and project economics.
Positive factors
- Very large tonnage and contained metal for an open-pit probable reserve.
- Good grade for an open-pit gold reserve.
Evidence · table
“56”
Context: 1.1
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedDuketon North · goldTonnes: 39000000Grade: 0.9Grade Unit: g/tContained Metal: 1140Contained Unit: kozView all detailsHide details
Identity
- Project
- Duketon North
- Commodity
- gold
- Region
- australia
- Reported Region
- Australia
- Ticker
- RRL
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:cabf7f02bdf03868613e
- Ownership percent
- 100 %
- Resource basis
- attributable
Resource Data
- Category
- indicated
- Tonnes
- 39000000
- Grade
- 0.9
- Grade Unit
- g/t
- Contained Metal
- 1140
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: A significant indicated open-pit gold resource at Duketon North, providing a strong foundation for future reserve conversion.
Positive factors
- Large tonnage and contained metal for an indicated open-pit resource.
- Good grade for an open-pit gold resource.
Evidence · table
“39”
Context: 0.9
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredDuketon North · goldTonnes: 9000000Grade: 0.8Grade Unit: g/tContained Metal: 250Contained Unit: kozView all detailsHide details
Identity
- Project
- Duketon North
- Commodity
- gold
- Region
- australia
- Reported Region
- Australia
- Ticker
- RRL
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:df898a1376ca5c0d126c
- Ownership percent
- 100 %
- Resource basis
- attributable
Resource Data
- Category
- inferred
- Tonnes
- 9000000
- Grade
- 0.8
- Grade Unit
- g/t
- Contained Metal
- 250
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: A moderate-sized inferred open-pit gold resource at Duketon North, representing exploration upside but requiring further drilling for confidence upgrade.
Positive factors
- Moderate tonnage and contained metal for an inferred resource.
Negative factors
- Inferred category indicates lower geological confidence.
Evidence · table
“9”
Context: 0.8
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
measuredDuketon North · goldTonnes: 1000000Grade: 0.5Grade Unit: g/tContained Metal: 10Contained Unit: kozView all detailsHide details
Identity
- Project
- Duketon North
- Commodity
- gold
- Region
- australia
- Reported Region
- Australia
- Ticker
- RRL
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:4d8bb44e4df0d935c0e0
- Material type
- stockpile
- Ownership percent
- 100 %
- Resource basis
- attributable
Resource Data
- Category
- measured
- Tonnes
- 1000000
- Grade
- 0.5
- Grade Unit
- g/t
- Contained Metal
- 10
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: A small but high-confidence measured resource from stockpiles at Duketon North, providing immediate feed.
Positive factors
- Measured category indicates high confidence.
- Stockpile material represents readily available ounces.
Evidence · table
“1”
Context: 0.5
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
measuredDuketon South · goldTonnes: 0Grade: 1.1Grade Unit: g/tView all detailsHide details
Identity
- Project
- Duketon South
- Commodity
- gold
- Region
- australia
- Reported Region
- Australia
- Ticker
- RRL
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:2fa20f5cd5823740acd1
- Ownership percent
- 100 %
- Resource basis
- attributable
Resource Data
- Category
- measured
- Tonnes
- 0
- Grade
- 1.1
- Grade Unit
- g/t
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: A very small measured open-pit gold resource at Duketon South, indicating high confidence for a limited quantity of material.
Positive factors
- Measured category indicates high confidence.
Negative factors
- Very low tonnage, likely due to rounding, limits overall impact.
- Contained metal not explicitly stated.
Evidence · table
“0”
Context: 1.1
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedDuketon South · goldTonnes: 25000000Grade: 1.2Grade Unit: g/tContained Metal: 940Contained Unit: kozView all detailsHide details
Identity
- Project
- Duketon South
- Commodity
- gold
- Region
- australia
- Reported Region
- Australia
- Ticker
- RRL
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:05c67e4bf54995e30d3d
- Ownership percent
- 100 %
- Resource basis
- attributable
Resource Data
- Category
- indicated
- Tonnes
- 25000000
- Grade
- 1.2
- Grade Unit
- g/t
- Contained Metal
- 940
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: A significant indicated open-pit gold resource at Duketon South, providing a strong foundation for future reserve conversion.
Positive factors
- Large tonnage and contained metal for an indicated open-pit resource.
- Good grade for an open-pit gold resource.
Evidence · table
“25”
Context: 1.2
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredDuketon South · goldTonnes: 5000000Grade: 1.2Grade Unit: g/tContained Metal: 200Contained Unit: kozView all detailsHide details
Identity
- Project
- Duketon South
- Commodity
- gold
- Region
- australia
- Reported Region
- Australia
- Ticker
- RRL
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:3038189a00103970c609
- Ownership percent
- 100 %
- Resource basis
- attributable
Resource Data
- Category
- inferred
- Tonnes
- 5000000
- Grade
- 1.2
- Grade Unit
- g/t
- Contained Metal
- 200
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: A moderate-sized inferred open-pit gold resource at Duketon South, representing exploration upside but requiring further drilling for confidence upgrade.
Positive factors
- Moderate tonnage and contained metal for an inferred resource.
Negative factors
- Inferred category indicates lower geological confidence.
Evidence · table
“5”
Context: 1.2
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
measuredDuketon South · goldTonnes: 2000000Grade: 2.6Grade Unit: g/tContained Metal: 200Contained Unit: kozView all detailsHide details
Identity
- Project
- Duketon South
- Commodity
- gold
- Region
- australia
- Reported Region
- Australia
- Ticker
- RRL
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:8d8e93e5646b397ad40a
- Ownership percent
- 100 %
- Resource basis
- attributable
Resource Data
- Category
- measured
- Tonnes
- 2000000
- Grade
- 2.6
- Grade Unit
- g/t
- Contained Metal
- 200
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: A moderate-sized measured underground gold resource at Duketon South, providing a high-confidence base for mine planning.
Positive factors
- Measured category indicates high confidence.
- Good grade for an underground resource.
Evidence · table
“2”
Context: 2.6
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedDuketon South · goldTonnes: 12000000Grade: 2.3Grade Unit: g/tContained Metal: 870Contained Unit: kozView all detailsHide details
Identity
- Project
- Duketon South
- Commodity
- gold
- Region
- australia
- Reported Region
- Australia
- Ticker
- RRL
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:37f1aad6050a0dc53c93
- Ownership percent
- 100 %
- Resource basis
- attributable
Resource Data
- Category
- indicated
- Tonnes
- 12000000
- Grade
- 2.3
- Grade Unit
- g/t
- Contained Metal
- 870
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: A substantial indicated underground gold resource at Duketon South, providing a strong foundation for future reserve conversion.
Positive factors
- Significant tonnage and contained metal for an indicated underground resource.
- Good grade for an underground gold resource.
Evidence · table
“12”
Context: 2.3
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredDuketon South · goldTonnes: 4000000Grade: 2.2Grade Unit: g/tContained Metal: 270Contained Unit: kozView all detailsHide details
Identity
- Project
- Duketon South
- Commodity
- gold
- Region
- australia
- Reported Region
- Australia
- Ticker
- RRL
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:c49efd87e8a432140a05
- Ownership percent
- 100 %
- Resource basis
- attributable
Resource Data
- Category
- inferred
- Tonnes
- 4000000
- Grade
- 2.2
- Grade Unit
- g/t
- Contained Metal
- 270
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: A moderate-sized inferred underground gold resource at Duketon South, representing exploration upside but requiring further drilling for confidence upgrade.
Positive factors
- Moderate tonnage and contained metal for an inferred resource.
- Good grade for an underground gold resource.
Negative factors
- Inferred category indicates lower geological confidence.
Evidence · table
“4”
Context: 2.2
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
measuredDuketon South · goldTonnes: 6000000Grade: 0.5Grade Unit: g/tContained Metal: 110Contained Unit: kozView all detailsHide details
Identity
- Project
- Duketon South
- Commodity
- gold
- Region
- australia
- Reported Region
- Australia
- Ticker
- RRL
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:1d29a573db7d02c1abb7
- Material type
- stockpile
- Ownership percent
- 100 %
- Resource basis
- attributable
Resource Data
- Category
- measured
- Tonnes
- 6000000
- Grade
- 0.5
- Grade Unit
- g/t
- Contained Metal
- 110
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: A moderate-sized measured resource from stockpiles at Duketon South, providing a reliable source of feed.
Positive factors
- Measured category indicates high confidence.
- Stockpile material represents readily available ounces.
Evidence · table
“6”
Context: 0.5
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
measuredTropicana · goldTonnes: 1000000Grade: 1.4Grade Unit: g/tContained Metal: 30Contained Unit: kozView all detailsHide details
Identity
- Project
- Tropicana
- Commodity
- gold
- Region
- australia
- Reported Region
- Australia
- Ticker
- RRL
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:de51234f02209ac2e9ca
- Ownership percent
- 30 %
- Resource basis
- attributable
Resource Data
- Category
- measured
- Tonnes
- 1000000
- Grade
- 1.4
- Grade Unit
- g/t
- Contained Metal
- 30
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: A small measured open-pit gold resource at Tropicana, representing a high-confidence portion of the attributable resources.
Positive factors
- Measured category indicates high confidence.
- Good grade for an open-pit resource.
Evidence · table
“1”
Context: 1.4
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedTropicana · goldTonnes: 4000000Grade: 1.9Grade Unit: g/tContained Metal: 220Contained Unit: kozView all detailsHide details
Identity
- Project
- Tropicana
- Commodity
- gold
- Region
- australia
- Reported Region
- Australia
- Ticker
- RRL
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:6fc9247b74c718e31743
- Ownership percent
- 30 %
- Resource basis
- attributable
Resource Data
- Category
- indicated
- Tonnes
- 4000000
- Grade
- 1.9
- Grade Unit
- g/t
- Contained Metal
- 220
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: A moderate-sized indicated open-pit gold resource at Tropicana, contributing to the attributable resource base.
Positive factors
- Moderate tonnage and contained metal for an indicated open-pit resource.
- Good grade for an open-pit gold resource.
Evidence · table
“4”
Context: 1.9
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
measuredTropicana · goldTonnes: 4000000Grade: 2.6Grade Unit: g/tContained Metal: 350Contained Unit: kozView all detailsHide details
Identity
- Project
- Tropicana
- Commodity
- gold
- Region
- australia
- Reported Region
- Australia
- Ticker
- RRL
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:183ee3eeaf562d9e56b5
- Ownership percent
- 30 %
- Resource basis
- attributable
Resource Data
- Category
- measured
- Tonnes
- 4000000
- Grade
- 2.6
- Grade Unit
- g/t
- Contained Metal
- 350
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: A moderate-sized measured underground gold resource at Tropicana, providing a high-confidence base for mine planning.
Positive factors
- Measured category indicates high confidence.
- Good grade for an underground resource.
Evidence · table
“4”
Context: 2.6
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedTropicana · goldTonnes: 5000000Grade: 2.7Grade Unit: g/tContained Metal: 400Contained Unit: kozView all detailsHide details
Identity
- Project
- Tropicana
- Commodity
- gold
- Region
- australia
- Reported Region
- Australia
- Ticker
- RRL
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:6be48da3d8f7317222d0
- Ownership percent
- 30 %
- Resource basis
- attributable
Resource Data
- Category
- indicated
- Tonnes
- 5000000
- Grade
- 2.7
- Grade Unit
- g/t
- Contained Metal
- 400
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: A substantial indicated underground gold resource at Tropicana, providing a strong foundation for future reserve conversion.
Positive factors
- Significant tonnage and contained metal for an indicated underground resource.
- Good grade for an underground gold resource.
Evidence · table
“5”
Context: 2.7
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredTropicana · goldTonnes: 7000000Grade: 2.2Grade Unit: g/tContained Metal: 530Contained Unit: kozView all detailsHide details
Identity
- Project
- Tropicana
- Commodity
- gold
- Region
- australia
- Reported Region
- Australia
- Ticker
- RRL
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:196e76f687657ba1fcf6
- Ownership percent
- 30 %
- Resource basis
- attributable
Resource Data
- Category
- inferred
- Tonnes
- 7000000
- Grade
- 2.2
- Grade Unit
- g/t
- Contained Metal
- 530
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: A moderate-sized inferred underground gold resource at Tropicana, representing exploration upside but requiring further drilling for confidence upgrade.
Positive factors
- Moderate tonnage and contained metal for an inferred resource.
- Good grade for an underground gold resource.
Negative factors
- Inferred category indicates lower geological confidence.
Evidence · table
“7”
Context: 2.2
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
measuredTropicana · goldTonnes: 6000000Grade: 0.5Grade Unit: g/tContained Metal: 100Contained Unit: kozView all detailsHide details
Identity
- Project
- Tropicana
- Commodity
- gold
- Region
- australia
- Reported Region
- Australia
- Ticker
- RRL
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:0156c123a9a24a08602e
- Material type
- stockpile
- Ownership percent
- 30 %
- Resource basis
- attributable
Resource Data
- Category
- measured
- Tonnes
- 6000000
- Grade
- 0.5
- Grade Unit
- g/t
- Contained Metal
- 100
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: A moderate-sized measured resource from stockpiles at Tropicana, providing a reliable source of feed.
Positive factors
- Measured category indicates high confidence.
- Stockpile material represents readily available ounces.
Evidence · table
“6”
Context: 0.5
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedMcPhillamys · goldTonnes: 61000000Grade: 1Grade Unit: g/tContained Metal: 2070Contained Unit: kozView all detailsHide details
Identity
- Project
- McPhillamys
- Commodity
- gold
- Region
- australia
- Reported Region
- Australia
- Ticker
- RRL
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:e9ceaee107822539003c
- Ownership percent
- 100 %
- Resource basis
- attributable
Resource Data
- Category
- indicated
- Tonnes
- 61000000
- Grade
- 1
- Grade Unit
- g/t
- Contained Metal
- 2070
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: A substantial indicated open-pit gold resource at McPhillamys, providing a strong foundation for future reserve conversion.
Positive factors
- Very large tonnage and contained metal for an indicated open-pit resource.
- Good grade for an open-pit gold resource.
Evidence · table
“61”
Context: 1.0
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredMcPhillamys · goldTonnes: 8000000Grade: 0.7Grade Unit: g/tContained Metal: 190Contained Unit: kozView all detailsHide details
Identity
- Project
- McPhillamys
- Commodity
- gold
- Region
- australia
- Reported Region
- Australia
- Ticker
- RRL
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:f6b2f2a8d2cdbd2254c4
- Ownership percent
- 100 %
- Resource basis
- attributable
Resource Data
- Category
- inferred
- Tonnes
- 8000000
- Grade
- 0.7
- Grade Unit
- g/t
- Contained Metal
- 190
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: A moderate-sized inferred open-pit gold resource at McPhillamys, representing exploration upside but requiring further drilling for confidence upgrade.
Positive factors
- Moderate tonnage and contained metal for an inferred resource.
Negative factors
- Inferred category indicates lower geological confidence.
Evidence · table
“8”
Context: 0.7
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedDiscovery Ridge · goldTonnes: 2000000Grade: 1.8Grade Unit: g/tContained Metal: 140Contained Unit: kozView all detailsHide details
Identity
- Project
- Discovery Ridge
- Commodity
- gold
- Region
- australia
- Reported Region
- Australia
- Ticker
- RRL
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:c9aac6a6487cc0a1a131
- Ownership percent
- 100 %
- Resource basis
- attributable
Resource Data
- Category
- indicated
- Tonnes
- 2000000
- Grade
- 1.8
- Grade Unit
- g/t
- Contained Metal
- 140
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: A moderate-sized indicated open-pit gold resource at Discovery Ridge, providing a solid base for future evaluation.
Positive factors
- Moderate tonnage and contained metal for an indicated open-pit resource.
- Good grade for an open-pit gold resource.
Evidence · table
“2”
Context: 1.8
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredDiscovery Ridge · goldTonnes: 6000000Grade: 1.4Grade Unit: g/tContained Metal: 260Contained Unit: kozView all detailsHide details
Identity
- Project
- Discovery Ridge
- Commodity
- gold
- Region
- australia
- Reported Region
- Australia
- Ticker
- RRL
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:e23ee622e59c19fe886b
- Ownership percent
- 100 %
- Resource basis
- attributable
Resource Data
- Category
- inferred
- Tonnes
- 6000000
- Grade
- 1.4
- Grade Unit
- g/t
- Contained Metal
- 260
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: A moderate-sized inferred open-pit gold resource at Discovery Ridge, representing exploration upside but requiring further drilling for confidence upgrade.
Positive factors
- Moderate tonnage and contained metal for an inferred resource.
- Good grade for an open-pit gold resource.
Negative factors
- Inferred category indicates lower geological confidence.
Evidence · table
“6”
Context: 1.4
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Fact 33Group · goldView all detailsHide details
Identity
- Project
- Group
- Commodity
- gold
- Region
- australia
- Reported Region
- Australia
- Ticker
- RRL
Resource scope
- Resource group id
- resource:7cb6732393cc50204c59
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The FY27 group production and AISC guidance provides key forward-looking metrics for the company's performance.
Positive factors
- Provides clear production and cost expectations for the upcoming financial year.
Evidence · text
“FY27 Guidance Group Production (koz) 360 – 400 AISC ($/oz) 2,990 – 3,390”
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Fact 34Duketon · goldView all detailsHide details
Identity
- Project
- Duketon
- Commodity
- gold
- Region
- australia
- Reported Region
- Australia
- Ticker
- RRL
Resource scope
- Resource group id
- resource:5609ddc9758de48beb9c
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The FY27 Duketon production and AISC guidance provides key forward-looking metrics for this significant operating asset.
Positive factors
- Provides clear production and cost expectations for the upcoming financial year for a key asset.
Evidence · text
“Duketon Production (koz) 240 – 270 AISC ($/oz) 3,100 – 3,550”
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Fact 35Tropicana · goldView all detailsHide details
Identity
- Project
- Tropicana
- Commodity
- gold
- Region
- australia
- Reported Region
- Australia
- Ticker
- RRL
Resource scope
- Resource group id
- resource:5ac242b52da9319d2d24
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The FY27 Tropicana production and AISC guidance provides key forward-looking metrics for this significant operating asset, with a competitive cost profile.
Positive factors
- Provides clear production and cost expectations for the upcoming financial year for a key asset.
- Lower AISC guidance compared to Duketon.
Evidence · text
“Tropicana Production (koz) 120 – 130 AISC ($/oz) 2,630 – 2,950”
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Fact 36Group · goldView all detailsHide details
Identity
- Project
- Group
- Commodity
- gold
- Region
- australia
- Reported Region
- Australia
- Ticker
- RRL
Resource scope
- Resource group id
- resource:7cb6732393cc50204c59
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The reported FY26 gold production and AISC demonstrate solid operational performance for the past financial year.
Positive factors
- Strong gold production for the financial year.
- Competitive All-in Sustaining Cost (AISC).
Evidence · text
“Gold production of 379,050 ounces at an AISC of $2,945/oz.”
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Fact 37McPhillamys · goldView all detailsHide details
Identity
- Project
- McPhillamys
- Commodity
- gold
- Region
- australia
- Reported Region
- Australia
- Ticker
- RRL
Resource scope
- Resource group id
- resource:27001788b6bbff784c06
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The McPhillamys PFS outlines a highly economic project with a long mine life, substantial production, and very competitive AISC, supporting its potential development.
Positive factors
- Long mine life with significant average annual production.
- Very low All-in Sustaining Cost (AISC) indicates strong profitability.
Evidence · text
“~10 years production – average 190koz p.a. & peak 239koz p.a. LOM AISC of A$1,718/oz.”
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.