Regis Resources Limited

Thank you for standing by and welcome to the Regis Resources quarterly briefing. All participants are in a listen only mode. There will be a presentation followed by a question and answer session. If you wish to ask a question you will need to press the star key followed by the number 1 on your telephone keypad. I would now like to hand the conference over to Mr Jim Beyer, Managing Director and Chief Executive Officer. Please go ahead.

Thanks Darcy. Good morning everyone and thanks for joining us. for the Regis Resources March FY26 quarter results. Joining me on the call today is our CFO Anthony Rukecki, our COO Michael Holmes and our Head of Investor Relations Matt Collins. At times we'll refer to figures and tables in both the quarterly report which came out this morning and also the resource and reserves report which was released yesterday morning. So you may find it useful to have those documents at hand. Okay, I'll start with safety. During the December quarter, our operations continued to perform strongly from a safety perspective. The 12-month moving average lost time injury frequency rate finished the quarter a little bit further down at 0.32, which continues to be well below the Western Australian gold industry average. Our objectives remain unchanged to provide a workplace free from serious injury. We continue to focus on leadership, discipline and continuous improvement to support safe and reliable operations across our business. Turning now to our enviable production performance, the team has consistently delivered to plan during FY26 and the March quarter was no exception. Operationally, the group production for the period was 90,600 ounces. at an oil and sustaining cost of $2,807 an ounce to minimum non-cash charges. The consistent delivery of both production and costs across both Dukin and Tropicana has translated directly into strong financial outcomes and has seen us achieve a major balance sheet milestone. During the quarter, Regus increased its cash and bullion by $198 million and that was after the tax payment of $92 million for the FY25 year and Anthony will talk some more on this shortly. Now this near $200 million build has resulted in Regis' cash and bullion balance moving above the billion dollar mark with $1.13 billion on the balance sheet at the end of March. We also released our new capital management policy and announced a fully franked interim dividend of $0.15 per share. That was paid on 8 April, returning $114 million to shareholders and taking our total distributions to shareholders to nearly $700 million. This return to being dividend payers reflects our understanding that value growth and returns to our shareholders are the fundamental objectives to our business. To continue with this performance, Regis remains unhedged, continues to invest in growth and exploration and thanks to a strong operational performance has the capacity to balance discipline reinvestment along with returns to shareholders. In fact our message to the market hasn't changed on this front. We operate quality assets with strong leverage to the gold price. When combined with the continued rolling life extensions of our underground mines, as clearly demonstrated in yesterday's R&R update, we're extremely well positioned to consistently deliver ounces and cash flow well into future years. And with that, I'll hand over to Michael and then to Anthony, who will provide more details on operations and financial performance, respectively.

Thanks, Jim, and good morning, everyone. Operationally, the March quarter was in line with expectations across both Jupiter and Tropicana. Our teams continued to deliver to plan and the consistency of execution across the business remains a key strength for Regis. At Dugden, open pit and underground operations produced 57.5 thousand ounces. Open pit ore mining continued at King of Creation, Mullartwell Laterites and Ben Hur delivering 14.8 thousand ounces at an average grade of 0.8 grams per tonne and the performance was in line with plan. Our underground operations at Garden Well and Rosemont continue to perform reliably, producing 35.3,000 ounces at 2.07 gram per tonne. Development rates across both undergrounds were pleasing and supported steady ore delivery through the quarter. Total underground development at Duketon was 3,666 metres, with approximately 56% classified as capital development, reflecting investment in Garden Well Main and Rosemont Stage 3. Rosemont Stage 3 development continues and progressing as planned to commercial production. During the March quarter, Garden Wall Main Underground and the entire open pit both moved into commercial production, signifying the end of the growth capital period for those projects. The Jukes and Mills performed to expectations with open pit and underground ore feeds supported by a planned stockpile feed. During the quarter, we also progressed activities associated with the Buckwell open pit at Duketon North. At Buckwell, pre-stripping rates have exceeded expectations with the recent addition of a large 3600 tonne digger to the open pit fleet, proving its worth. This strong performance has given us the option to either slow the mining rate or to continue and bring forward material previously planned for FY27. We have made the sensible decision to continue mining at these elevated rates and de-risk FY27 production from Buckwell. This has timely impacts on our forecast capital spend which Anthony will touch on later in the call. Turning now to Tropicana. At TROP, Regis attributable production for the quarter was 33.1 thousand ounces representing another solid quarter of delivery. Open Pit Operations delivered 22.3 thousand ounces at an average grade of 2.07 gram per tonne, with performance in line with expectations. Underground Operations delivered 13.3 thousand ounces at 2.95 gram per tonne, again consistent with plan. Tropicana milk feed was a combination of Open Pit Underground and supplemented stockpile feeds. Duketon and Tropicana continued to perform reliably during the quarter, delivering consistent production while progressing key underground and near-term growth projects. With that, I'll now hand over to Anthony to take you through the financials.