Ann: PEA submitted for McPhillamys Gold Project, page-3

I found an older announcement from September 2017

http://www.regisresources.com.au/reports-2/asx-announcements?download=268

McPhillamys Gold Project - Pre-Feasibility Study
Regis has undertaken studies to a pre-feasibility level into the development of the McPhillamys Gold Project (MGP) in New South Wales. The study assesses the MGP to an appropriate level to support the estimation of a JORC compliant maiden Ore Reserve and to enable the Regis Board to determine the viability of the project so as to commit to workstreams required to complete a Definitive Feasibility Study (DFS) in the December 2017 quarter.

== Life of Mine (LOM) Summary
—>Key life of mine physical results from the study, at a processing throughput of 7Mtpa, are summarised below:

Mining
++ Waste volume (BCM millions). = 91.6
++ Ore volume (BCM millions). = 21.3
++ Volume total (BCM millions) = 112.9
++ W:O Strip Ratio = 4.29

Milling
++ Dry Tonnes Per Hour = 841
++ Plant Availability = 95.0%
++ Ore Milled (Tonnes millions) = 60.1
++ Milled Grade (g/t) = 1.05
++ Recovery = 85.0%
++ Ounces Recovered = 1,728,264
++ Mine life (years) = 9

The capital cost estimate has been developed for the design and construction of a 7.0Mtpa open cut mine and gold processing facility using all new equipment. The MGP capital cost is estimated at $215 million as summarised below.

If the 215 Million Aud is correct the question is how could Regis finance this? They have actually 208 Mio Aud Cash.

Background:
 The MGP is wholly owned by Regis and is located approximately 250 kilometres west of Sydney in the Central West region of New South Wales.

 In 2017 Regis announced a maiden Ore Reserve Estimate at MGP of 60.1 million tonnes at 1.05g/t Au for 2,034,000 ounces of gold.

 Pre-feasibility level studies in 2017 show the MGP is a robust, large scale open pit gold mine with a planned 7 million tonne per annum mining and processing operation producing an average of 192,000 ounces per annum over a ten year mine life.