# RRL: Citi Australia Conference Presentation

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/rrl-citi-australia-conference-presentation--2dc997ed-88d2-4f25-83de-fe91cc594a4f

Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03154316

Publisher: asx

Original announcement: 2026-10-19T21:19:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: 2026-10-19T22:40:44.832Z

Atlas analysis updated: 2026-10-19T22:40:44.832Z

- Company: Regis Resources Limited

- Ticker: RRL

- Exchange: ASX

- Region: Unavailable

- Primary commodity: Gold

- Secondary commodities: None reported

- Document categories: Other, Resource update

- Extracted: 2026-10-19 22:40:45 UTC

Narrative sentiment: 0.30 · Bullish

## Minestarters Atlas summary

Regis Resources presented an overview at the Citi Australia Conference, highlighting its strong financial position with significant cash and bullion, consistent dividends, and sector-leading free cash flow. The presentation reaffirmed the company's substantial gold Mineral Resources of 8.3 Moz and Ore Reserves of 3.9 Moz \(Group totals\), primarily from its Duketon, Tropicana, and McPhillamys projects, with effective dates of December 2025 and May 2026. While the resource and reserve figures are re-stated from previous ASX announcements, the company emphasized ongoing growth in underground reserves and progress on the McPhillamys project.

Reasoning: The presentation provides a comprehensive overview of Regis Resources, reaffirming its substantial gold resource and reserve base, strong financial performance, and growth projects. However, the resource and reserve figures themselves are not new, being re-stated from earlier announcements.

- Positive factor: Reaffirmation of substantial gold resources and reserves across multiple projects.

- Positive factor: Growth in underground reserves at Duketon and Tropicana.

- Positive factor: Positive PFS for McPhillamys.

- Positive factor: Strong financial position \(cash, dividends, FCF\).

- Negative factor: No new resource/reserve information; figures are re-stated from prior releases.

- Negative factor: McPhillamys still has permitting uncertainties despite Federal Court ruling.

Low confidence — this extraction should be reviewed alongside the original source.

Facts used in scoring: 32

## Classification and evidence

No classification tags are available.

## Extracted facts

Stored fact records: 32. Some facts used in scoring do not have a stored record.

## Resource Estimates (32)

### probable

[Link to this fact](https://atlas-staging.minestarters.com/news/rrl-citi-australia-conference-presentation--2dc997ed-88d2-4f25-83de-fe91cc594a4f#fact-resource-facts-0)

Duketon North · gold

#### Identity

- Project: Duketon North
- Commodity: gold
- Region: wa
- Reported Region: WA
- Ticker: RRL

#### Resource scope

- Estimate type: reserve
- Effective date: 2025-12-31T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Resource group id: resource:9cdaef402e5f0f04558c
- 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: 2026-10-19T00:00:00.000Z

Reasoning: This probable open-pit reserve for Duketon North contributes to the company's overall reserve base, but the figures are not new.

- Positive factor: Contribution to overall reserve base.

- Negative factor: Figures are re-stated from prior releases.

Evidence · table

> 0.9

Context: 15

#### 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-citi-australia-conference-presentation--2dc997ed-88d2-4f25-83de-fe91cc594a4f#fact-resource-facts-1)

Duketon North · gold

#### Identity

- Project: Duketon North
- Commodity: gold
- Region: wa
- Reported Region: WA
- Ticker: RRL

#### Resource scope

- Estimate type: reserve
- Effective date: 2025-12-31T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Resource group id: resource:4b2497012f5f8645c3b1
- 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: 2026-10-19T00:00:00.000Z

Reasoning: This proved stockpile reserve is small and low-grade, offering limited impact, and the figures are not new.

- Positive factor: Proved category provides high confidence.

- Negative factor: Low grade and small scale.

- Negative factor: Figures are re-stated from prior releases.

Evidence · table

> 0.5

Context: 1

#### 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-citi-australia-conference-presentation--2dc997ed-88d2-4f25-83de-fe91cc594a4f#fact-resource-facts-2)

Duketon South · gold

#### Identity

- Project: Duketon South
- Commodity: gold
- Region: wa
- Reported Region: WA
- Ticker: RRL

#### Resource scope

- Estimate type: reserve
- Effective date: 2025-12-31T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Resource group id: resource:41b6630f6056720bb5d5
- 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: 2026-10-19T00:00:00.000Z

Reasoning: This probable open-pit reserve for Duketon South contributes to the company's overall reserve base, but the figures are not new.

- Positive factor: Contribution to overall reserve base.

- Negative factor: Figures are re-stated from prior releases.

Evidence · table

> 1.1

Context: 4

#### 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-citi-australia-conference-presentation--2dc997ed-88d2-4f25-83de-fe91cc594a4f#fact-resource-facts-3)

Duketon South · gold

#### Identity

- Project: Duketon South
- Commodity: gold
- Region: wa
- Reported Region: WA
- Ticker: RRL

#### Resource scope

- Estimate type: reserve
- Effective date: 2025-12-31T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Resource group id: resource:6ca93b66ded0110d16ee
- 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: 2026-10-19T00:00:00.000Z

Reasoning: This proved underground reserve is very small, offering limited impact, and the figures are not new.

- Positive factor: Proved category provides high confidence.

- Negative factor: Very small tonnage.

- Negative factor: Figures are re-stated from prior releases.

Evidence · table

> 1.6

Context: 0

#### 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-citi-australia-conference-presentation--2dc997ed-88d2-4f25-83de-fe91cc594a4f#fact-resource-facts-4)

Duketon South · gold

#### Identity

- Project: Duketon South
- Commodity: gold
- Region: wa
- Reported Region: WA
- Ticker: RRL

#### Resource scope

- Estimate type: reserve
- Effective date: 2025-12-31T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Resource group id: resource:eb6798c3588da623a26c
- 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: 2026-10-19T00:00:00.000Z

Reasoning: This probable underground reserve at Duketon South is significant in scale and grade, contributing materially to the company's reserve base, though the figures are not new.

- Positive factor: Significant contained metal for an underground reserve.

- Positive factor: Good grade for underground mining.

- Negative factor: Figures are re-stated from prior releases.

Evidence · table

> 1.8

Context: 12

#### 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-citi-australia-conference-presentation--2dc997ed-88d2-4f25-83de-fe91cc594a4f#fact-resource-facts-5)

Duketon South · gold

#### Identity

- Project: Duketon South
- Commodity: gold
- Region: wa
- Reported Region: WA
- Ticker: RRL

#### Resource scope

- Estimate type: reserve
- Effective date: 2025-12-31T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Resource group id: resource:57ed2c27d7d184dbc8fd
- 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: 2026-10-19T00:00:00.000Z

Reasoning: This proved stockpile reserve is of moderate scale but low grade, offering limited impact, and the figures are not new.

- Positive factor: Proved category provides high confidence.

- Negative factor: Low grade.

- Negative factor: Figures are re-stated from prior releases.

Evidence · table

> 0.6

Context: 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

### proven

[Link to this fact](https://atlas-staging.minestarters.com/news/rrl-citi-australia-conference-presentation--2dc997ed-88d2-4f25-83de-fe91cc594a4f#fact-resource-facts-6)

Tropicana · gold

#### Identity

- Project: Tropicana
- Commodity: gold
- Region: wa
- Reported Region: WA
- Ticker: RRL

#### Resource scope

- Estimate type: reserve
- Effective date: 2025-12-31T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Resource group id: resource:adb1e8fcd2b93a0d477f
- 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: 2026-10-19T00:00:00.000Z

Reasoning: This proved open-pit reserve at Tropicana is small, offering limited impact, and the figures are not new.

- Positive factor: Proved category provides high confidence.

- Negative factor: Small scale.

- Negative factor: Figures are re-stated from prior releases.

Evidence · table

> 1.4

Context: 1

#### 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-citi-australia-conference-presentation--2dc997ed-88d2-4f25-83de-fe91cc594a4f#fact-resource-facts-7)

Tropicana · gold

#### Identity

- Project: Tropicana
- Commodity: gold
- Region: wa
- Reported Region: WA
- Ticker: RRL

#### Resource scope

- Estimate type: reserve
- Effective date: 2025-12-31T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Resource group id: resource:c43864d944a44987cb48
- 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: 2026-10-19T00:00:00.000Z

Reasoning: This probable open-pit reserve at Tropicana contributes to the company's overall reserve base, but the figures are not new.

- Positive factor: Contribution to overall reserve base.

- Negative factor: Figures are re-stated from prior releases.

Evidence · table

> 1.8

Context: 4

#### 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-citi-australia-conference-presentation--2dc997ed-88d2-4f25-83de-fe91cc594a4f#fact-resource-facts-8)

Tropicana · gold

#### Identity

- Project: Tropicana
- Commodity: gold
- Region: wa
- Reported Region: WA
- Ticker: RRL

#### Resource scope

- Estimate type: reserve
- Effective date: 2025-12-31T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Resource group id: resource:adb1e8fcd2b93a0d477f
- 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: 2026-10-19T00:00:00.000Z

Reasoning: This proved underground reserve at Tropicana has a good grade, contributing to the reserve base, but the figures are not new.

- Positive factor: High grade for underground mining.

- Positive factor: Proved category provides high confidence.

- Negative factor: Figures are re-stated from prior releases.

Evidence · table

> 2.8

Context: 1

#### 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-citi-australia-conference-presentation--2dc997ed-88d2-4f25-83de-fe91cc594a4f#fact-resource-facts-9)

Tropicana · gold

#### Identity

- Project: Tropicana
- Commodity: gold
- Region: wa
- Reported Region: WA
- Ticker: RRL

#### Resource scope

- Estimate type: reserve
- Effective date: 2025-12-31T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Resource group id: resource:5516a868ddcad6b8ec45
- 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: 2026-10-19T00:00:00.000Z

Reasoning: This probable underground reserve at Tropicana has a good grade, contributing to the reserve base, but the figures are not new.

- Positive factor: High grade for underground mining.

- Negative factor: Figures are re-stated from prior releases.

Evidence · table

> 2.9

Context: 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-citi-australia-conference-presentation--2dc997ed-88d2-4f25-83de-fe91cc594a4f#fact-resource-facts-10)

Tropicana · gold

#### Identity

- Project: Tropicana
- Commodity: gold
- Region: wa
- Reported Region: WA
- Ticker: RRL

#### Resource scope

- Estimate type: reserve
- Effective date: 2025-12-31T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Resource group id: resource:d6a2acce37d1c84bc83e
- 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: 2026-10-19T00:00:00.000Z

Reasoning: This proved stockpile reserve is of moderate scale but low grade, offering limited impact, and the figures are not new.

- Positive factor: Proved category provides high confidence.

- Negative factor: Low grade.

- Negative factor: Figures are re-stated from prior releases.

Evidence · table

> 0.5

Context: 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-citi-australia-conference-presentation--2dc997ed-88d2-4f25-83de-fe91cc594a4f#fact-resource-facts-11)

McPhillamys · gold

#### Identity

- Project: McPhillamys
- Commodity: gold
- Region: australia\_nsw
- Reported Region: NSW
- Ticker: RRL

#### Resource scope

- Estimate type: reserve
- Effective date: 2026-05-31T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Resource group id: resource:f6ac086bfc42fa54b592
- 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: 2026-10-19T00:00:00.000Z

Reasoning: This probable open-pit reserve at McPhillamys is very significant in scale and grade, representing a major asset for the company, though the figures are not new.

- Positive factor: Very large contained metal for a single project.

- Positive factor: Good grade for an open-pit reserve.

- Negative factor: Figures are re-stated from prior releases.

Evidence · table

> 1.1

Context: 56

#### 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-citi-australia-conference-presentation--2dc997ed-88d2-4f25-83de-fe91cc594a4f#fact-resource-facts-12)

Duketon North · gold

#### Identity

- Project: Duketon North
- Commodity: gold
- Region: wa
- Reported Region: WA
- Ticker: RRL

#### Resource scope

- Estimate type: resource
- Effective date: 2025-12-31T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Resource group id: resource:e9e5d558bd14d23812b5
- 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: 2026-10-19T00:00:00.000Z

Reasoning: This indicated open-pit resource at Duketon North is substantial, contributing significantly to the company's resource base, though the figures are not new.

- Positive factor: Large indicated resource with significant contained metal.

- Negative factor: Figures are re-stated from prior releases.

Evidence · table

> 0.9

Context: 39

#### 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-citi-australia-conference-presentation--2dc997ed-88d2-4f25-83de-fe91cc594a4f#fact-resource-facts-13)

Duketon North · gold

#### Identity

- Project: Duketon North
- Commodity: gold
- Region: wa
- Reported Region: WA
- Ticker: RRL

#### Resource scope

- Estimate type: resource
- Effective date: 2025-12-31T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Resource group id: resource:d6e63113e7d549260b07
- 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: 2026-10-19T00:00:00.000Z

Reasoning: This inferred open-pit resource at Duketon North adds to the resource base but has lower confidence and the figures are not new.

- Positive factor: Adds to overall resource base.

- Negative factor: Inferred category has lower confidence.

- Negative factor: Figures are re-stated from prior releases.

Evidence · table

> 0.8

Context: 9

#### 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-citi-australia-conference-presentation--2dc997ed-88d2-4f25-83de-fe91cc594a4f#fact-resource-facts-14)

Duketon North · gold

#### Identity

- Project: Duketon North
- Commodity: gold
- Region: wa
- Reported Region: WA
- Ticker: RRL

#### Resource scope

- Estimate type: resource
- Effective date: 2025-12-31T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Resource group id: resource:f2eb60774466beceac1b
- 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: 2026-10-19T00:00:00.000Z

Reasoning: This measured stockpile resource is small and low-grade, offering limited impact, and the figures are not new.

- Positive factor: Measured category provides high confidence.

- Negative factor: Low grade and small scale.

- Negative factor: Figures are re-stated from prior releases.

Evidence · table

> 0.5

Context: 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

### measured

[Link to this fact](https://atlas-staging.minestarters.com/news/rrl-citi-australia-conference-presentation--2dc997ed-88d2-4f25-83de-fe91cc594a4f#fact-resource-facts-15)

Duketon South · gold

#### Identity

- Project: Duketon South
- Commodity: gold
- Region: wa
- Reported Region: WA
- Ticker: RRL

#### Resource scope

- Estimate type: resource
- Effective date: 2025-12-31T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Resource group id: resource:daa57a2019de0b18cbe4
- Ownership percent: 100 %
- Resource basis: attributable

#### Resource Data

- Category: measured
- Tonnes: 0
- Grade: 1.1
- Grade Unit: g/t
- Contained Metal: 0
- Contained Unit: koz

#### Prior Estimate

- Resource Date: 2025-12-31

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-19T00:00:00.000Z

Reasoning: This measured open-pit resource is negligible due to rounding, offering no material impact, and the figures are not new.

- Positive factor: Measured category provides high confidence.

- Negative factor: Tonnage and contained metal are negligible due to rounding.

- Negative factor: Figures are re-stated from prior releases.

Evidence · table

> 1.1

Context: 0

#### 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-citi-australia-conference-presentation--2dc997ed-88d2-4f25-83de-fe91cc594a4f#fact-resource-facts-16)

Duketon South · gold

#### Identity

- Project: Duketon South
- Commodity: gold
- Region: wa
- Reported Region: WA
- Ticker: RRL

#### Resource scope

- Estimate type: resource
- Effective date: 2025-12-31T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Resource group id: resource:d5aeba9de9fbe067aabf
- 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: 2026-10-19T00:00:00.000Z

Reasoning: This indicated open-pit resource at Duketon South is substantial, contributing significantly to the company's resource base, though the figures are not new.

- Positive factor: Large indicated resource with significant contained metal.

- Negative factor: Figures are re-stated from prior releases.

Evidence · table

> 1.2

Context: 25

#### 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-citi-australia-conference-presentation--2dc997ed-88d2-4f25-83de-fe91cc594a4f#fact-resource-facts-17)

Duketon South · gold

#### Identity

- Project: Duketon South
- Commodity: gold
- Region: wa
- Reported Region: WA
- Ticker: RRL

#### Resource scope

- Estimate type: resource
- Effective date: 2025-12-31T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Resource group id: resource:dcb068a27cad28d2888d
- 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: 2026-10-19T00:00:00.000Z

Reasoning: This inferred open-pit resource at Duketon South adds to the resource base but has lower confidence and the figures are not new.

- Positive factor: Adds to overall resource base.

- Negative factor: Inferred category has lower confidence.

- Negative factor: Figures are re-stated from prior releases.

Evidence · table

> 1.2

Context: 5

#### 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-citi-australia-conference-presentation--2dc997ed-88d2-4f25-83de-fe91cc594a4f#fact-resource-facts-18)

Duketon South · gold

#### Identity

- Project: Duketon South
- Commodity: gold
- Region: wa
- Reported Region: WA
- Ticker: RRL

#### Resource scope

- Estimate type: resource
- Effective date: 2025-12-31T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Resource group id: resource:0cbf6fa668196a8babb9
- 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: 2026-10-19T00:00:00.000Z

Reasoning: This measured underground resource at Duketon South has a good grade, contributing to the resource base, but the figures are not new.

- Positive factor: Good grade for underground mining.

- Positive factor: Measured category provides high confidence.

- Negative factor: Figures are re-stated from prior releases.

Evidence · table

> 2.6

Context: 2

#### 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-citi-australia-conference-presentation--2dc997ed-88d2-4f25-83de-fe91cc594a4f#fact-resource-facts-19)

Duketon South · gold

#### Identity

- Project: Duketon South
- Commodity: gold
- Region: wa
- Reported Region: WA
- Ticker: RRL

#### Resource scope

- Estimate type: resource
- Effective date: 2025-12-31T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Resource group id: resource:0fd061bfb7b791dfc925
- 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: 2026-10-19T00:00:00.000Z

Reasoning: This indicated underground resource at Duketon South is substantial in scale and grade, contributing significantly to the company's resource base, though the figures are not new.

- Positive factor: Large indicated resource with significant contained metal.

- Positive factor: Good grade for underground mining.

- Negative factor: Figures are re-stated from prior releases.

Evidence · table

> 2.3

Context: 12

#### 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-citi-australia-conference-presentation--2dc997ed-88d2-4f25-83de-fe91cc594a4f#fact-resource-facts-20)

Duketon South · gold

#### Identity

- Project: Duketon South
- Commodity: gold
- Region: wa
- Reported Region: WA
- Ticker: RRL

#### Resource scope

- Estimate type: resource
- Effective date: 2025-12-31T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Resource group id: resource:206dd6741993fc1bfd53
- 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: 2026-10-19T00:00:00.000Z

Reasoning: This inferred underground resource at Duketon South adds to the resource base with a good grade but has lower confidence and the figures are not new.

- Positive factor: Good grade for underground mining.

- Positive factor: Adds to overall resource base.

- Negative factor: Inferred category has lower confidence.

- Negative factor: Figures are re-stated from prior releases.

Evidence · table

> 2.2

Context: 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

### measured

[Link to this fact](https://atlas-staging.minestarters.com/news/rrl-citi-australia-conference-presentation--2dc997ed-88d2-4f25-83de-fe91cc594a4f#fact-resource-facts-21)

Duketon South · gold

#### Identity

- Project: Duketon South
- Commodity: gold
- Region: wa
- Reported Region: WA
- Ticker: RRL

#### Resource scope

- Estimate type: resource
- Effective date: 2025-12-31T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Resource group id: resource:e31934ea247d0eb3f62c
- 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: 2026-10-19T00:00:00.000Z

Reasoning: This measured stockpile resource is of moderate scale but low grade, offering limited impact, and the figures are not new.

- Positive factor: Measured category provides high confidence.

- Negative factor: Low grade.

- Negative factor: Figures are re-stated from prior releases.

Evidence · table

> 0.5

Context: 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

### measured

[Link to this fact](https://atlas-staging.minestarters.com/news/rrl-citi-australia-conference-presentation--2dc997ed-88d2-4f25-83de-fe91cc594a4f#fact-resource-facts-22)

Tropicana · gold

#### Identity

- Project: Tropicana
- Commodity: gold
- Region: wa
- Reported Region: WA
- Ticker: RRL

#### Resource scope

- Estimate type: resource
- Effective date: 2025-12-31T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Resource group id: resource:ccb33ea622e4a5ce92ee
- 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: 2026-10-19T00:00:00.000Z

Reasoning: This measured open-pit resource at Tropicana is small, offering limited impact, and the figures are not new.

- Positive factor: Measured category provides high confidence.

- Negative factor: Small scale.

- Negative factor: Figures are re-stated from prior releases.

Evidence · table

> 1.4

Context: 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

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/rrl-citi-australia-conference-presentation--2dc997ed-88d2-4f25-83de-fe91cc594a4f#fact-resource-facts-23)

Tropicana · gold

#### Identity

- Project: Tropicana
- Commodity: gold
- Region: wa
- Reported Region: WA
- Ticker: RRL

#### Resource scope

- Estimate type: resource
- Effective date: 2025-12-31T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Resource group id: resource:e919906324e9023760f6
- 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: 2026-10-19T00:00:00.000Z

Reasoning: This indicated open-pit resource at Tropicana contributes to the company's overall resource base, but the figures are not new.

- Positive factor: Contribution to overall resource base.

- Negative factor: Figures are re-stated from prior releases.

Evidence · table

> 1.9

Context: 4

#### 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-citi-australia-conference-presentation--2dc997ed-88d2-4f25-83de-fe91cc594a4f#fact-resource-facts-24)

Tropicana · gold

#### Identity

- Project: Tropicana
- Commodity: gold
- Region: wa
- Reported Region: WA
- Ticker: RRL

#### Resource scope

- Estimate type: resource
- Effective date: 2025-12-31T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Resource group id: resource:e329ff4585bd9d74d13d
- 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: 2026-10-19T00:00:00.000Z

Reasoning: This measured underground resource at Tropicana has a good grade, contributing to the resource base, but the figures are not new.

- Positive factor: Good grade for underground mining.

- Positive factor: Measured category provides high confidence.

- Negative factor: Figures are re-stated from prior releases.

Evidence · table

> 2.6

Context: 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-citi-australia-conference-presentation--2dc997ed-88d2-4f25-83de-fe91cc594a4f#fact-resource-facts-25)

Tropicana · gold

#### Identity

- Project: Tropicana
- Commodity: gold
- Region: wa
- Reported Region: WA
- Ticker: RRL

#### Resource scope

- Estimate type: resource
- Effective date: 2025-12-31T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Resource group id: resource:f6dab955099e1ca0b2a4
- 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: 2026-10-19T00:00:00.000Z

Reasoning: This indicated underground resource at Tropicana is significant in scale and grade, contributing to the resource base, though the figures are not new.

- Positive factor: Good grade for underground mining.

- Positive factor: Significant indicated resource.

- Negative factor: Figures are re-stated from prior releases.

Evidence · table

> 2.7

Context: 5

#### 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-citi-australia-conference-presentation--2dc997ed-88d2-4f25-83de-fe91cc594a4f#fact-resource-facts-26)

Tropicana · gold

#### Identity

- Project: Tropicana
- Commodity: gold
- Region: wa
- Reported Region: WA
- Ticker: RRL

#### Resource scope

- Estimate type: resource
- Effective date: 2025-12-31T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Resource group id: resource:54f0948a095b1e4e92c4
- 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: 2026-10-19T00:00:00.000Z

Reasoning: This inferred underground resource at Tropicana adds to the resource base with a good grade but has lower confidence and the figures are not new.

- Positive factor: Good grade for underground mining.

- Positive factor: Adds to overall resource base.

- Negative factor: Inferred category has lower confidence.

- Negative factor: Figures are re-stated from prior releases.

Evidence · table

> 2.2

Context: 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

### measured

[Link to this fact](https://atlas-staging.minestarters.com/news/rrl-citi-australia-conference-presentation--2dc997ed-88d2-4f25-83de-fe91cc594a4f#fact-resource-facts-27)

Tropicana · gold

#### Identity

- Project: Tropicana
- Commodity: gold
- Region: wa
- Reported Region: WA
- Ticker: RRL

#### Resource scope

- Estimate type: resource
- Effective date: 2025-12-31T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Resource group id: resource:4912f80aaf36a93dbf3f
- 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: 2026-10-19T00:00:00.000Z

Reasoning: This measured stockpile resource is of moderate scale but low grade, offering limited impact, and the figures are not new.

- Positive factor: Measured category provides high confidence.

- Negative factor: Low grade.

- Negative factor: Figures are re-stated from prior releases.

Evidence · table

> 0.5

Context: 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-citi-australia-conference-presentation--2dc997ed-88d2-4f25-83de-fe91cc594a4f#fact-resource-facts-28)

McPhillamys · gold

#### Identity

- Project: McPhillamys
- Commodity: gold
- Region: australia\_nsw
- Reported Region: NSW
- Ticker: RRL

#### Resource scope

- Estimate type: resource
- Effective date: 2025-12-31T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Resource group id: resource:7c92a9bf8b97da4748c2
- 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: 2026-10-19T00:00:00.000Z

Reasoning: This indicated open-pit resource at McPhillamys is very significant in scale and grade, representing a major asset for the company, though the figures are not new.

- Positive factor: Very large indicated resource with significant contained metal.

- Positive factor: Good grade for an open-pit resource.

- Negative factor: Figures are re-stated from prior releases.

Evidence · table

> 1.0

Context: 61

#### 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-citi-australia-conference-presentation--2dc997ed-88d2-4f25-83de-fe91cc594a4f#fact-resource-facts-29)

McPhillamys · gold

#### Identity

- Project: McPhillamys
- Commodity: gold
- Region: australia\_nsw
- Reported Region: NSW
- Ticker: RRL

#### Resource scope

- Estimate type: resource
- Effective date: 2025-12-31T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Resource group id: resource:1ead42345bd41afcccae
- 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: 2026-10-19T00:00:00.000Z

Reasoning: This inferred open-pit resource at McPhillamys adds to the resource base but has lower confidence and the figures are not new.

- Positive factor: Adds to overall resource base.

- Negative factor: Inferred category has lower confidence.

- Negative factor: Figures are re-stated from prior releases.

Evidence · table

> 0.7

Context: 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

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/rrl-citi-australia-conference-presentation--2dc997ed-88d2-4f25-83de-fe91cc594a4f#fact-resource-facts-30)

Discovery Ridge · gold

#### Identity

- Project: Discovery Ridge
- Commodity: gold
- Region: australia\_nsw
- Reported Region: NSW
- Ticker: RRL

#### Resource scope

- Estimate type: resource
- Effective date: 2025-12-31T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Resource group id: resource:7cc07368140e0ed128e7
- 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: 2026-10-19T00:00:00.000Z

Reasoning: This indicated open-pit resource at Discovery Ridge has a good grade, contributing to the resource base, but the figures are not new.

- Positive factor: Good grade for an open-pit resource.

- Negative factor: Figures are re-stated from prior releases.

Evidence · table

> 1.8

Context: 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-citi-australia-conference-presentation--2dc997ed-88d2-4f25-83de-fe91cc594a4f#fact-resource-facts-31)

Discovery Ridge · gold

#### Identity

- Project: Discovery Ridge
- Commodity: gold
- Region: australia\_nsw
- Reported Region: NSW
- Ticker: RRL

#### Resource scope

- Estimate type: resource
- Effective date: 2025-12-31T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Resource group id: resource:51c67cb0ed06cb25da3a
- 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: 2026-10-19T00:00:00.000Z

Reasoning: This inferred open-pit resource at Discovery Ridge adds to the resource base but has lower confidence and the figures are not new.

- Positive factor: Adds to overall resource base.

- Negative factor: Inferred category has lower confidence.

- Negative factor: Figures are re-stated from prior releases.

Evidence · table

> 1.4

Context: 6

#### 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

## 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.