# RRL: 2026 Denver Mining Forum Presentation Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/rrl-2026-denver-mining-forum-presentation--ec649936-825f-490a-8f04-00a16962c9cc Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03143042 Publisher: asx Original announcement: 2026-09-23T22:16:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-09-23T23:21:30.845Z Atlas analysis updated: 2026-09-23T23:21:30.845Z - 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 Narrative sentiment: 0.70 · Bullish ## Minestarters Atlas 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 factor: Strong financial performance with record NPAT and cash flow in FY26. - Positive factor: Sector-leading free cash flow per share and consistent fully franked dividends. - Positive factor: Significant growth in Duketon and Tropicana underground Ore Reserves after depletion. - Positive factor: Maiden Mineral Resource declared at Beamish South, a new discovery near existing infrastructure. - Positive factor: McPhillamys PFS supports reinstatement of a large Ore Reserve with robust economics. - Negative factor: 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 Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: 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 Growth** Polarity: positive Definition: 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 Growth** Polarity: positive Definition: 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 Resource** Polarity: neutral Definition: 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 Update** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 Resource** Polarity: negative Definition: 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 Risk** Polarity: negative Story-specific tag Definition: 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) ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/rrl-2026-denver-mining-forum-presentation--ec649936-825f-490a-8f04-00a16962c9cc#fact-resource-facts-0) Duketon North · gold #### 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 factor: Large tonnage and contained metal for an open-pit probable reserve. - Positive factor: Good grade for an open-pit gold reserve. Evidence · table > 15 Context: 0.9 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### proven [Link to this fact](https://atlas-staging.minestarters.com/news/rrl-2026-denver-mining-forum-presentation--ec649936-825f-490a-8f04-00a16962c9cc#fact-resource-facts-1) Duketon North · gold #### 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 factor: Proved category indicates high confidence. - Positive factor: Stockpile material represents readily available ounces. Evidence · table > 1 Context: 0.5 #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/rrl-2026-denver-mining-forum-presentation--ec649936-825f-490a-8f04-00a16962c9cc#fact-resource-facts-2) Duketon South · gold #### 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 factor: Good grade for an open-pit probable reserve. Evidence · table > 4 Context: 1.1 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### proven [Link to this fact](https://atlas-staging.minestarters.com/news/rrl-2026-denver-mining-forum-presentation--ec649936-825f-490a-8f04-00a16962c9cc#fact-resource-facts-3) Duketon South · gold #### 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 factor: Proved category indicates high confidence. - Negative factor: Very low tonnage, likely due to rounding, limits overall impact. Evidence · table > 0 Context: 1.6 #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/rrl-2026-denver-mining-forum-presentation--ec649936-825f-490a-8f04-00a16962c9cc#fact-resource-facts-4) Duketon South · gold #### 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 factor: Significant tonnage and contained metal for an underground probable reserve. - Positive factor: Good grade for an underground gold reserve. Evidence · table > 12 Context: 1.8 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### proven [Link to this fact](https://atlas-staging.minestarters.com/news/rrl-2026-denver-mining-forum-presentation--ec649936-825f-490a-8f04-00a16962c9cc#fact-resource-facts-5) Duketon South · gold #### 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 factor: Proved category indicates high confidence. - Positive factor: Stockpile material represents readily available ounces. Evidence · table > 5 Context: 0.6 #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### proven [Link to this fact](https://atlas-staging.minestarters.com/news/rrl-2026-denver-mining-forum-presentation--ec649936-825f-490a-8f04-00a16962c9cc#fact-resource-facts-6) Tropicana · gold #### 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 factor: Proved category indicates high confidence. - Positive factor: Good grade for an open-pit reserve. Evidence · table > 1 Context: 1.4 #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/rrl-2026-denver-mining-forum-presentation--ec649936-825f-490a-8f04-00a16962c9cc#fact-resource-facts-7) Tropicana · gold #### 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 factor: Moderate tonnage and contained metal for an open-pit probable reserve. - Positive factor: Good grade for an open-pit gold reserve. Evidence · table > 4 Context: 1.8 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### proven [Link to this fact](https://atlas-staging.minestarters.com/news/rrl-2026-denver-mining-forum-presentation--ec649936-825f-490a-8f04-00a16962c9cc#fact-resource-facts-8) Tropicana · gold #### 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 factor: Proved category indicates high confidence. - Positive factor: Good grade for an underground reserve. Evidence · table > 1 Context: 2.8 #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/rrl-2026-denver-mining-forum-presentation--ec649936-825f-490a-8f04-00a16962c9cc#fact-resource-facts-9) Tropicana · gold #### 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 factor: Moderate tonnage and contained metal for an underground probable reserve. - Positive factor: Good grade for an underground gold reserve. Evidence · table > 1 Context: 2.9 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### proven [Link to this fact](https://atlas-staging.minestarters.com/news/rrl-2026-denver-mining-forum-presentation--ec649936-825f-490a-8f04-00a16962c9cc#fact-resource-facts-10) Tropicana · gold #### 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 factor: Proved category indicates high confidence. - Positive factor: Stockpile material represents readily available ounces. Evidence · table > 5 Context: 0.5 #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/rrl-2026-denver-mining-forum-presentation--ec649936-825f-490a-8f04-00a16962c9cc#fact-resource-facts-11) McPhillamys · gold #### 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 factor: Very large tonnage and contained metal for an open-pit probable reserve. - Positive factor: Good grade for an open-pit gold reserve. Evidence · table > 56 Context: 1.1 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/rrl-2026-denver-mining-forum-presentation--ec649936-825f-490a-8f04-00a16962c9cc#fact-resource-facts-12) Duketon North · gold #### 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 factor: Large tonnage and contained metal for an indicated open-pit resource. - Positive factor: Good grade for an open-pit gold resource. Evidence · table > 39 Context: 0.9 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/rrl-2026-denver-mining-forum-presentation--ec649936-825f-490a-8f04-00a16962c9cc#fact-resource-facts-13) Duketon North · gold #### 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 factor: Moderate tonnage and contained metal for an inferred resource. - Negative factor: Inferred category indicates lower geological confidence. Evidence · table > 9 Context: 0.8 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/rrl-2026-denver-mining-forum-presentation--ec649936-825f-490a-8f04-00a16962c9cc#fact-resource-facts-14) Duketon North · gold #### 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 factor: Measured category indicates high confidence. - Positive factor: Stockpile material represents readily available ounces. Evidence · table > 1 Context: 0.5 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/rrl-2026-denver-mining-forum-presentation--ec649936-825f-490a-8f04-00a16962c9cc#fact-resource-facts-15) Duketon South · gold #### 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 factor: Measured category indicates high confidence. - Negative factor: Very low tonnage, likely due to rounding, limits overall impact. - Negative factor: Contained metal not explicitly stated. Evidence · table > 0 Context: 1.1 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/rrl-2026-denver-mining-forum-presentation--ec649936-825f-490a-8f04-00a16962c9cc#fact-resource-facts-16) Duketon South · gold #### 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 factor: Large tonnage and contained metal for an indicated open-pit resource. - Positive factor: Good grade for an open-pit gold resource. Evidence · table > 25 Context: 1.2 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/rrl-2026-denver-mining-forum-presentation--ec649936-825f-490a-8f04-00a16962c9cc#fact-resource-facts-17) Duketon South · gold #### 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 factor: Moderate tonnage and contained metal for an inferred resource. - Negative factor: Inferred category indicates lower geological confidence. Evidence · table > 5 Context: 1.2 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/rrl-2026-denver-mining-forum-presentation--ec649936-825f-490a-8f04-00a16962c9cc#fact-resource-facts-18) Duketon South · gold #### 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 factor: Measured category indicates high confidence. - Positive factor: Good grade for an underground resource. Evidence · table > 2 Context: 2.6 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/rrl-2026-denver-mining-forum-presentation--ec649936-825f-490a-8f04-00a16962c9cc#fact-resource-facts-19) Duketon South · gold #### 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 factor: Significant tonnage and contained metal for an indicated underground resource. - Positive factor: Good grade for an underground gold resource. Evidence · table > 12 Context: 2.3 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/rrl-2026-denver-mining-forum-presentation--ec649936-825f-490a-8f04-00a16962c9cc#fact-resource-facts-20) Duketon South · gold #### 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 factor: Moderate tonnage and contained metal for an inferred resource. - Positive factor: Good grade for an underground gold resource. - Negative factor: Inferred category indicates lower geological confidence. Evidence · table > 4 Context: 2.2 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/rrl-2026-denver-mining-forum-presentation--ec649936-825f-490a-8f04-00a16962c9cc#fact-resource-facts-21) Duketon South · gold #### 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 factor: Measured category indicates high confidence. - Positive factor: Stockpile material represents readily available ounces. Evidence · table > 6 Context: 0.5 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/rrl-2026-denver-mining-forum-presentation--ec649936-825f-490a-8f04-00a16962c9cc#fact-resource-facts-22) Tropicana · gold #### 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 factor: Measured category indicates high confidence. - Positive factor: Good grade for an open-pit resource. Evidence · table > 1 Context: 1.4 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/rrl-2026-denver-mining-forum-presentation--ec649936-825f-490a-8f04-00a16962c9cc#fact-resource-facts-23) Tropicana · gold #### 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 factor: Moderate tonnage and contained metal for an indicated open-pit resource. - Positive factor: Good grade for an open-pit gold resource. Evidence · table > 4 Context: 1.9 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/rrl-2026-denver-mining-forum-presentation--ec649936-825f-490a-8f04-00a16962c9cc#fact-resource-facts-24) Tropicana · gold #### 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 factor: Measured category indicates high confidence. - Positive factor: Good grade for an underground resource. Evidence · table > 4 Context: 2.6 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/rrl-2026-denver-mining-forum-presentation--ec649936-825f-490a-8f04-00a16962c9cc#fact-resource-facts-25) Tropicana · gold #### 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 factor: Significant tonnage and contained metal for an indicated underground resource. - Positive factor: Good grade for an underground gold resource. Evidence · table > 5 Context: 2.7 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/rrl-2026-denver-mining-forum-presentation--ec649936-825f-490a-8f04-00a16962c9cc#fact-resource-facts-26) Tropicana · gold #### 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 factor: Moderate tonnage and contained metal for an inferred resource. - Positive factor: Good grade for an underground gold resource. - Negative factor: Inferred category indicates lower geological confidence. Evidence · table > 7 Context: 2.2 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/rrl-2026-denver-mining-forum-presentation--ec649936-825f-490a-8f04-00a16962c9cc#fact-resource-facts-27) Tropicana · gold #### 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 factor: Measured category indicates high confidence. - Positive factor: Stockpile material represents readily available ounces. Evidence · table > 6 Context: 0.5 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/rrl-2026-denver-mining-forum-presentation--ec649936-825f-490a-8f04-00a16962c9cc#fact-resource-facts-28) McPhillamys · gold #### 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 factor: Very large tonnage and contained metal for an indicated open-pit resource. - Positive factor: Good grade for an open-pit gold resource. Evidence · table > 61 Context: 1.0 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/rrl-2026-denver-mining-forum-presentation--ec649936-825f-490a-8f04-00a16962c9cc#fact-resource-facts-29) McPhillamys · gold #### 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 factor: Moderate tonnage and contained metal for an inferred resource. - Negative factor: Inferred category indicates lower geological confidence. Evidence · table > 8 Context: 0.7 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/rrl-2026-denver-mining-forum-presentation--ec649936-825f-490a-8f04-00a16962c9cc#fact-resource-facts-30) Discovery Ridge · gold #### 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 factor: Moderate tonnage and contained metal for an indicated open-pit resource. - Positive factor: Good grade for an open-pit gold resource. Evidence · table > 2 Context: 1.8 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/rrl-2026-denver-mining-forum-presentation--ec649936-825f-490a-8f04-00a16962c9cc#fact-resource-facts-31) Discovery Ridge · gold #### 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 factor: Moderate tonnage and contained metal for an inferred resource. - Positive factor: Good grade for an open-pit gold resource. - Negative factor: Inferred category indicates lower geological confidence. Evidence · table > 6 Context: 1.4 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### Fact 33 [Link to this fact](https://atlas-staging.minestarters.com/news/rrl-2026-denver-mining-forum-presentation--ec649936-825f-490a-8f04-00a16962c9cc#fact-resource-facts-32) Group · gold #### 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 factor: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### Fact 34 [Link to this fact](https://atlas-staging.minestarters.com/news/rrl-2026-denver-mining-forum-presentation--ec649936-825f-490a-8f04-00a16962c9cc#fact-resource-facts-33) Duketon · gold #### 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 factor: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### Fact 35 [Link to this fact](https://atlas-staging.minestarters.com/news/rrl-2026-denver-mining-forum-presentation--ec649936-825f-490a-8f04-00a16962c9cc#fact-resource-facts-34) Tropicana · gold #### 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 factor: Provides clear production and cost expectations for the upcoming financial year for a key asset. - Positive factor: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### Fact 36 [Link to this fact](https://atlas-staging.minestarters.com/news/rrl-2026-denver-mining-forum-presentation--ec649936-825f-490a-8f04-00a16962c9cc#fact-resource-facts-35) Group · gold #### 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 factor: Strong gold production for the financial year. - Positive factor: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### Fact 37 [Link to this fact](https://atlas-staging.minestarters.com/news/rrl-2026-denver-mining-forum-presentation--ec649936-825f-490a-8f04-00a16962c9cc#fact-resource-facts-36) McPhillamys · gold #### 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 factor: Long mine life with significant average annual production. - Positive factor: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: 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.