Regis Resources has strengthened its growth pipeline with the acquisition of the Southern Star gold prospect, a move set to support expansion in the Duketon Belt.
Located just 3.5km south of Regis’ Ben Hur open pit, Southern Star was acquired from Great Southern Mining for up to $9 million in staged payments.
The transaction includes an upfront $4 million payment and up to $5 million in contingent payments tied to gold prices and future resource definition.
Regis plans to define a maiden JORC-compliant mineral resource within six months, following a targeted drilling program.
The acquisition also includes a strategic data-sharing alliance between the two companies, aimed at accelerating exploration across the broader Duketon Greenstone Belt.
“This transaction is beneficial for both Great Southern Mining and Regis,” Great Southern Mining managing director Matthew Keane said.
“It’s a deal that creates immediate value and sets the stage for new discoveries in the Duketon Belt.”
The deal caps off a strong 2024–25 financial year (FY25) for Regis, which produced 373,000 ounces of gold across 12 months, near the top of guidance, at an all-in sustaining cost (AISC) of $2531 per ounce.
The company ended the year with $517 million in cash and bullion after generating $260 million in quarterly operating cash flow and repaying $300 million in debt earlier in the year.
“The team has delivered another strong quarter and exceeded our plans for the full 2025 financial year,” Regis Resource managing director and chief executive officer Jim Beyer said.
“With our FY26 guidance we expect this performance trend to continue. Overall, Regis continues to build on its very strong position by reinvesting into both low-risk growth and opportunistic production, all the while growing balance sheet strength and long-term optionality.”
FY26 guidance remains steady, with gold production expected between 350,000–380,000 ounces and growth capital increasing to up to between $180–195 million.
Regis’ expansion strategy continues to focus on developing underground operations and adding low-risk resources through acquisitions like Southern Star.
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