Regis Resources Rosemont underground mine study delivers increased ounces

Company News

by Anna Napoli

Regis Resources (ASX:RRL) has today announced the commencement of underground mine development at its Rosemont site with decline development advanced to over 150 metres.

It is expected that first ore will be mined in the September quarter 2019.

The underground mine production estimated to contribute 480,000 – 600,000 tonnes per annum.

Regis says development of the underground mine is another major step as it continues to deliver the underground growth strategy that it has been pursuing at Duketon.

Shares in Regis Resources (ASX:RRL) are trading 0.3 per cent lower at $5.01.
 

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.