Regis Resources

Regis Resources is an Australian gold mining and exploration company headquartered in Subiaco, Western Australia, and listed on the Australian Securities Exchange under the code RRL. Its principal business is the discovery, development and operation of gold assets in Australia. The company’s core asset is the wholly owned Duketon Gold Project in Western Australia, a regional mining complex that includes the Moolart Well, Garden Well and Rosemont operations. Regis also holds a 30 percent interest in the Tropicana Gold Mine, with the remaining 70 percent held by AngloGold Ashanti. The company was incorporated in 1986 as Johnson’s Well Mining NL and joined the ASX in February 1987. Its early exploration work focused on the Yalgoo region of Western Australia. In 1994, the business acquired tenements in the Duketon area and shifted its exploration emphasis toward a district that had historical mining activity but was regarded as relatively underexplored. This land position later became the foundation of Regis Resources’ operating portfolio. Joseph Gutnick, an Australian mining entrepreneur, was a director from 1987 until 2004 and at different times served as chairman and managing director. In 2004, the company changed its name from Johnson’s Well Mining NL to Regis Resources NL, subsequently becoming Regis Resources Limited in 2008. A significant ownership transition followed in 2005, when Newmont acquired a substantial interest in the company to support the development of Moolart Well. Newmont ultimately disposed of its remaining holding in 2016. Regis moved from exploration into production through the staged development of the Duketon Gold Project. Construction of Moolart Well began in 2010 and the mine was completed in 2011. Garden Well followed in 2012, and Rosemont in 2013. These developments established Duketon as the company’s principal production hub and gave Regis an operating model based on multiple deposits and processing infrastructure within the same broader region. In May 2021, Regis expanded its portfolio through the acquisition of a 30 percent interest in the Tropicana Gold Mine from IGO Limited for A$903 million. Tropicana is a major Western Australian gold operation operated by AngloGold Ashanti. The transaction increased Regis’s exposure to an established producing asset while complementing its wholly owned Duketon operations. Regis’s business scope therefore combines gold production, mineral exploration, project development and minority participation in a large joint-venture mine. Its positioning is that of a mid-sized Australian gold producer focused on Western Australian assets rather than a diversified global mining group. The company’s public identity is closely associated with the Duketon Gold Project, while Tropicana provides an additional production and investment interest. Current operational details, production figures and leadership information should be verified against the company’s latest reports because the referenced historical material does not provide a complete current-year profile.

Regis Resources traces its corporate origins to Johnson’s Well Mining NL, which was established on 12 May 1986 and listed on the Australian Securities Exchange on 19 February 1987. The company began as a Western Australian exploration business, initially concentrating on the Yalgoo area. Its early identity was therefore that of a junior explorer rather than an established gold producer. A major strategic shift occurred in 1994, when the company acquired tenements in the Duketon area of Western Australia. Duketon had a history of mining activity, but the region was considered underexplored at the time. The tenement position gave the company a broader geological and development platform and eventually became the basis of its principal operating district. Joseph Gutnick, an Australian businessman and mining entrepreneur, joined the company’s board in 1987. During his tenure he also served as chairman and managing director. Gutnick remained associated with the company until August 2004, when he resigned from all board positions. The leadership transition also involved a reduction in his shareholding, helping to change the company’s ownership and governance profile. On 31 August 2004, Johnson’s Well Mining NL adopted the name Regis Resources NL. In the middle of the following year, Newmont took a 47 percent interest in Regis to support the development of the Moolart Well project. This investment made Newmont the company’s principal shareholder for a period and reduced Gutnick’s ownership position. Newmont later sold its remaining 20 percent stake in March 2016. The company formally became Regis Resources Limited on 23 January 2008. It then transitioned from exploration toward production through a sequence of Duketon developments. Construction of the Moolart Well Gold Mine began in 2010 and was completed in 2011. The Garden Well Gold Mine followed in 2012, and the Rosemont Gold Mine in 2013. Together, these assets formed the operating backbone of the Duketon Gold Project and established Regis as a producing gold company. Regis later broadened its asset base beyond its wholly owned Duketon operations. In May 2021, it acquired a 30 percent interest in the Tropicana Gold Mine from IGO Limited for A$903 million. Tropicana is located in Western Australia and is operated by AngloGold Ashanti, which owns the remaining 70 percent. The acquisition gave Regis an interest in a large established mine while maintaining its core ownership of Duketon. The company’s historical development can therefore be understood in four stages: early Western Australian exploration, consolidation of the Duketon tenement position, construction of a multi-mine production hub, and expansion into a significant joint-venture asset through Tropicana. Regis remains an ASX-listed Australian gold producer and explorer. The available reference material does not establish a complete account of later production performance, environmental programs, current executives or recent corporate strategy; those topics require confirmation from current company disclosures.

1. 2021Tropicana interest acquired

   Regis acquired a 30 percent interest in the Tropicana Gold Mine from IGO Limited for A$903 million.

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2. 2013Rosemont developed

   The Rosemont Gold Mine was developed within the Duketon Gold Project.

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3. 2012Garden Well developed

   The Garden Well Gold Mine was developed as part of the Duketon operating complex.

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4. 2011Moolart Well completed

   The Moolart Well Gold Mine was completed, marking Regis’s transition into production.

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5. 2010Moolart Well construction begins

   Construction commenced on the first mine in the Duketon Gold Project.

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6. 2008Conversion to Regis Resources Limited

   The company became Regis Resources Limited on 23 January 2008.

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7. 2005Newmont takes a major stake

   Newmont acquired a 47 percent interest in Regis to assist the development of Moolart Well.

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8. 2004Name changed to Regis Resources NL

   Johnson’s Well Mining NL changed its name to Regis Resources NL on 31 August 2004.

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9. 1994Duketon tenements acquired

   The company acquired tenements around Duketon in Western Australia and shifted exploration attention to the region.

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10. 1987ASX listing

    Johnson’s Well Mining NL listed on the Australian Securities Exchange on 19 February 1987.

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11. 1986Company established as Johnson’s Well Mining NL

    The company was established on 12 May 1986 under the name Johnson’s Well Mining NL.

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Mid-sized Australian gold producer focused on Western Australian production, exploration and project development.

• Duketon Gold ProjectGold mining complex

  Regis Resources’ wholly owned Duketon Gold Project is a regional Western Australian mining complex and the company’s principal asset. Its development has included the Moolart Well, Garden Well and Rosemont gold mines. The project represents the company’s transition from exploration into production and its strategy of operating several deposits within one broader district.

• Moolart Well Gold MineGold mine2011

  Moolart Well was the first mine developed within the Duketon Gold Project. Construction began in 2010 and was completed in 2011, making it the initial producing operation in Regis Resources’ Duketon portfolio.

• Garden Well Gold MineGold mine2012

  Garden Well is one of the operating mines developed within the Duketon Gold Project. It followed Moolart Well as part of Regis Resources’ staged expansion of production in the Duketon region.

• Rosemont Gold MineGold mine2013

  Rosemont is a gold mine within the Duketon Gold Project and was developed after Moolart Well and Garden Well. Its development completed an important phase of Regis Resources’ multi-mine build-out in the district.

• Tropicana Gold Mine interestJoint-venture gold mine interest

  Regis Resources owns a 30 percent interest in the Tropicana Gold Mine in Western Australia. AngloGold Ashanti owns the remaining 70 percent and operates the mine. Regis obtained its interest through the 2021 acquisition from IGO Limited.

• 2021Acquisition of Tropicana interestM&A

  Regis sought to broaden its producing-asset base beyond its wholly owned Duketon operations.

  What changed. The company acquired a 30 percent interest in the Tropicana Gold Mine from IGO Limited for A$903 million.

  Aftermath. Regis added exposure to a major Western Australian joint-venture gold mine operated by AngloGold Ashanti, which retained a 70 percent interest.

  Acquisition consideration. A$903 million (May 2021)

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• 2010Development of Moolart Well beginsProduct launch

  Regis sought to convert its Duketon exploration and resource position into a producing mining operation.

  What changed. Construction began on the Moolart Well Gold Mine, the first mine in the Duketon Gold Project.

  Aftermath. The mine was completed in 2011 and marked Regis Resources’ transition into gold production.

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• 2004Corporate rebranding to Regis ResourcesStrategy

  The former Johnson’s Well Mining NL had shifted its exploration focus toward the Duketon region and was moving toward a new corporate identity.

  What changed. The company changed its name to Regis Resources NL on 31 August 2004.

  Aftermath. The Regis Resources name became the platform for the company’s subsequent development of the Duketon Gold Project.

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• 2021Regis Resources acquires a 30 percent interest in Tropicana Gold Mine

  Regis Resources acquired a 30 percent interest in the Tropicana Gold Mine from IGO Limited for A$903 million. AngloGold Ashanti retained the other 70 percent and operates the mine.

  M&A
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• 2016Newmont exits its remaining Regis Resources holding

  Newmont completed the sale of its remaining 20 percent interest in Regis Resources, ending a significant ownership relationship that had begun during the development of Moolart Well.

  M&A
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• 2016Newmont sells its remaining Regis Resources interest

  Newmont disposed of its remaining 20 percent holding in Regis Resources, ending its substantial shareholder position.

  M&A
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• 2013Rosemont Gold Mine added to the Duketon production portfolio

  Regis developed the Rosemont Gold Mine, further expanding the sequence of mines within the Duketon district.

  Product launch
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• 2012Regis Resources develops Garden Well Gold Mine

  Garden Well became the second named mine developed within the Duketon Gold Project.

  Product launch
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• 2011Regis Resources completes Moolart Well development

  The first mine in the Duketon Gold Project was completed following construction that began in 2010.

  Product launchOther
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• 2005Newmont takes a major stake in Regis Resources

  Newmont acquired a 47 percent interest in Regis in connection with the advancement of the Moolart Well development, becoming the company's principal shareholder at the time.

  M&A
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• 2004Regis Resources changes corporate name

  Johnson’s Well Mining NL was renamed Regis Resources NL as the company continued developing its Duketon-focused gold strategy.

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• 2004Regis Resources changes its corporate name from Johnson's Well Mining

  Johnson's Well Mining NL was renamed Regis Resources NL as the company continued its strategic focus on the Duketon area.

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1. Regis Resources
2. Regis Resources official website