The Regis Resources Ltd (ASX: RRL) share price is in focus today after the company delivered its latest exploration update, highlighting strong drilling results at key targets like Garden Well Underground and Tropicana.
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What did Regis Resources report?
- Over 100 exploration prospects and projects at various stages are being evaluated across the portfolio
- Garden Well Underground drilling confirmed continuity of gold mineralisation beyond current mine designs
- Beamish South drilling identified gold intersections similar to Garden Well, highlighting new open pit and underground potential
- Continued high-grade results at Rosemont Stage 3 Underground, with the mineralised system now extending roughly 300 metres beyond previous designs
- Strong, consistent high-grade intersections at Ben Hur Underground, further defining structure continuity
- Tropicana Underground drilling outlined new potential additions to the Indicated and Inferred Mineral Resource base
What else do investors need to know?
The latest update is a replacement for the previous day's announcement, with extra detail added on Competent Person disclosures for key exploration targets and a retraction of a non-material Garden Well Underground Mineral Resource subset. The company also clarified its reporting on visual mineralisation, ensuring only intervals with supporting assay results are presented as mineralised.
Detailed drilling programs across Garden Well, Beamish South, Rosemont, Ben Hur, Kintyre, and Tropicana continue to build geological confidence. These results are supporting ongoing reserve conversions, longer-term studies, and mine life extension strategies across both the Duketon and Tropicana operations.
What did Regis Resources management say?
Jim Beyer, Managing Director and CEO said:
Our exploration teams continue to deliver solid progress across the business. The work completed over the past six months has strengthened our understanding of the underground growth pipeline at Duketon and confirmed further extensions at Tropicana. The team's systematic approach is building confidence by providing a steady flow of opportunities to support future studies, Reserve conversion and long-term mine life planning. We are very encouraged by the results to date and see ongoing potential across our portfolio as drilling continues into the second half of FY26.
What's next for Regis Resources?
Drilling programs are set to continue, with the aim of upgrading resources and unlocking new underground and open pit opportunities. The focus remains on infill conversion, extension drilling, and drilling from new underground platforms, especially at Garden Well, Rosemont Stage 3, Ben Hur, and Tropicana.
Management highlights that the exploration pipeline supports long-term production planning and potential resource growth, with further updates expected as more results are received and assessed.
Regis Resources share price snapshot
Over the past 12 moths, Regis Resources have risen 159%, outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 2% over the same period.
