• Combined company anticipated to produce +700koz gold per annum
• Merger creates Australia's next major gold producer with globally significant production
• Strong debt-free balance sheet and significant cash generation to fund growth and returns

Regis Resources Ltd (ASX:RRL, 'Regis') and Vault Minerals Ltd (ASX:VAU, 'Vault') have agreed to combine in a merger-of-equals via a Vault scheme of arrangement. Under the scheme, Vault shareholders will receive 0.6947 new fully paid ordinary shares in Regis for each Vault share held. The merged company is anticipated to produce over 700,000 ounces of gold per annum from an established, diversified, and highly cash generative asset portfolio. The merger creates Australia's next major gold producer with globally significant gold production, a strong debt-free balance sheet, and significant cash generation capacity to fund the next phase of growth and drive future shareholder returns. The combined company will have a large mineral endowment of 6.0Moz in Ore Reserves and 20.5Moz in Mineral Resources, supporting long life operations. The diversified portfolio of scale and quality in tier 1 mining jurisdictions will provide enhanced operational resilience. The merger also presents opportunities to unlock cost efficiencies, realise over A$500 million in corporate tax benefits, and lower the cost of capital for the combined company. With a pro forma market capitalisation of approximately A$10.7 billion, the combined company will have increased liquidity and global market relevance.

The combined company is anticipated to produce over 700,000 ounces of gold per annum.