Regis Resources' Havana Underground Project Receives Approval for Development

MT Newswires Live

2024-09-09

Regis Resources (ASX:RRL) disclosed Monday that the Havana Underground Project in Western Australia has received the green light for development, according to a filing with the Australian bourse.

Havana is an extension to the Tropicana Gold project, a 30-70 joint venture between Regis Resources and New York-listed AngloGold Ashanti, respectively.

It is expected to deliver incremental underground ore to supplement mill throughput and increase production, with a target life of mine incremental output of 55,000 ounces.

Gold production is projected to start in the third quarter of financial year 2027 and will continue over a three-year life of mine, the filing stated.

The 2025 growth capital guidance for Tropicana is now AU$10 million to AU$15 million.

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