Regis Resources Limited

I would now like to hand the conference over to Mr. Jim Baer, MD and CEO. Please go ahead.

Thanks, Kayleigh. Good morning, everyone, and thanks for joining us for the Regis Resources March quarter FY25 results. Joining me today is our CFO, Anthony Rakiki, our COO, Michael Holmes, and our Head of Investor Relations, Jeff Sansom. As usual, we will refer to some figures and diagrams from the quarterly report released earlier this morning. So please keep that handy as we step through the results. First off, as always, let's start with safety. I am pleased to report that our 12-month moving average lost-time injury frequency rate remains low at just below 0.4 million man-hours per incident. That's well below the WA industry average of 2.2, although that was from a couple of years ago now, given the lag in reporting. But it's still a very strong result for our team. and it reflects the ongoing commitment to continuous improvement and making sure that everyone goes home safely. Now on to performance, we've delivered another solid operational quarter in line with our plans and continue to build our financial strength. Production for the quarter was 89,700 ounces of gold for an all in sustaining cost of 2,538 Aussie dollars per ounce. That result, coupled with the ongoing strength in the gold price, translated into strong margins and another big step forward for our balance sheet. We generated $220 million of operating cash flow and grew our cash and bullion by $138 million. Now, that's before repaying the $300 million term loan ahead of schedule. As a result, Regus is debt-free And that is a milestone well worth celebrating. It's been a long time. And with the new $300 million revolving credit facility in place and undrawn, we've got the financial flexibility to continue executing on our growth strategy, both organic and potentially inorganic, and to consider returns to the shareholders. Now, with that, I'll hand over to Michael, who will give a bit more of a rundown on the operational side of the business. Thanks, Michael.

Thanks Jim and good morning everyone. From an operational standpoint, the March quarter continued our trend of consistent delivery. At Duketon, production came in at 58.1 thousand ounces at an oil and sustaining cost of $2,753 per ounce, which is broadly in line with the previous quarter. Open pit operations across Garden Well, Ben Hur, Russell's Find and Toohey's Well delivered 24.4 thousand ounces and the undergrounds at Garden Well and Rosemont delivered 25.3 thousand ounces. Dirkton Mills processed 1.9 million tonnes at 1.1 gram per tonne with metallurgical recovery at 90%. and this includes continued processing at the Moolart Well low-grade stockpiles, which is a good demonstration of our flexibility in the long-term optionality in the system. Development continues to progress at our underground growth projects, Garden Well Main and Rosemont Stage 3. We invested $34 million in growth capital at Duketon, focusing on Garden Well Main and Rosemont Stage 3, and both remain generally on track to the first ore in Quarter 1 FY26. Over at Tropicana we produced 31.6 thousand ounces at an all in sustaining cost of $2,046 per ounce. As expected a step down from the December quarter due to planned mine schedule. Open Pits delivered 14.2 thousand ounces and underground 13.1 thousand ounces with underground grades holding up well at over 3 grams per tonne. Mill performance was solid at 655,000 tonnes processed at 1.65 grams per tonne and 91% recovery. Importantly, growth capital at Tropicana remains disciplined with $2 million spent this quarter, roughly split evenly between Havana Underground, which remains on schedule, and exploration. Operationally, we're on track to meet the FY production guidance at both sites. Dugden remains within our 220,000 to 240,000 ounces production guidance range, and Tropicana is on track for 130,000 to 140,000 ounces. With that, I'll hand over to Anthony to take you through the financials.