Gold miner Regis Resources has completed its acquisition of resources/tenement holdings from Stone Resources for $A10M worth of its shares, plus a 1% net smelter royalty capped at $5M.
The deal includes the Ben Hur open pit resource of 5.8Mt @ 1.6g/t Au for 290,000oz, with potential to add further life to Regis’ nearby Duketon operations, 350km NE of Kalgoorlie, Western Australia. Duketon’s June 2020 year (FY 20) gold output eased to 352,042oz from the previous year’s 363,418oz, but the company is expecting FY 21 gold production up to 355,000oz-380,000oz.