en.Wedoany.com Reported - Australia's Regis Resources has released the Pre-Feasibility Study (PFS) for the McPhillamys gold project, which restores the mine's ore reserves of 1.89 million ounces and proposes an alternative tailings management strategy. The study confirms that the disposal of filtered tailings within an Integrated Waste Landform (IWL) is a viable development pathway.

Managing Director and Chief Executive Officer Jim Beyer stated that restoring the McPhillamys reserves of 56 million tonnes at a grade of 1.1 grams per tonne of gold, totaling 1.89 million ounces (100% Probable Reserves), is a significant milestone. Since the Section 10 Declaration in August 2024, the company has developed a dual-track strategy to bring the project back on track.

The revised Pre-Feasibility Study indicates that the McPhillamys gold mine is expected to produce an average of 190,000 ounces of gold annually over the first nine years, with an all-in sustaining cost of $1,718 per ounce. At a gold price of $4,000 per ounce, the project is projected to generate $7.1 billion in revenue. Beyer noted that the Integrated Waste Landform approach is technically sound and practical, keeping the project within reach.

Regis Resources continues to pursue a Federal Court judicial review of the Section 10 Declaration while advancing approvals for the Integrated Waste Landform, water supply pipeline, and transmission infrastructure. The company targets a final investment decision in the first half of 2028, subject to obtaining permit approvals.

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