Regis Resources has extended its mine plan for its Duketon North gold project following an increase in ore reserves in the Buckingham and Wellington mines.
The company said probable open-pit ore reserves between the two mines increased to 251,000 ounces from 128,000 ounces, which helped extend the life of the Duketon North project.
The updated mine plan for Buckingham and Wellington extends its mine life, delivers incremental production and cash flow and maintains mill continuity.
Jim Beyer, CEO of Regis Resources, said: “The consolidation of the Buckingham and Wellington open pits is an opportunistic and disciplined response to the current gold price, allowing us to bring forward and produce profitable ounces while maintaining flexibility in our long-term plan.”
Regis expects to deliver 223,000 ounces of recovered gold over six years. First ore is scheduled for the fourth quarter of fiscal 2026, with a steady build-up of production in fiscal 2027 and consistent production to the end of fiscal 2031.
Ore will be processed through the Moolart Well mill, utilising spare capacity once stockpile processing concludes toward the end of fiscal 2026. The company expects increased cashflows from fiscal 2027 onwards.
The revised plan will use existing infrastructure and approvals, meaning no additional resources are needed for mining and aligning with Regis’ disciplined capital management.
“This demonstrates our ability to act decisively and in a disciplined manner to convert a favourable gold-price environment into real organically sourced value for shareholders,” Beyer said.
The change in activity across the gold project has helped Regis increase the fiscal 2026 growth capital at Duketon North to between AU$205 million and AU$215 million and the group growth capital guidance to be between AU$220 million and AU$235 million.
