BUZZ-Australia's Regis Resources falls after gold project capex announcement

Reuters04-03

** Gold miner Regis Resources' shares down as much as 6% to A$1.895, biggest intraday pct drop since Feb. 22

** Company says capex for its McPhillamys gold project, located about 250 km west of Sydney, seen between A$1 bln ($651.90 mln) and A$1.06 bln

** "That's one expensive option for what is a relatively modest-grade greenfield project in the upper half of the global AISC (all-in sustaining costs) curve" - Citi

** Timing of final investment decision and funding is an "overhang" for McPhillamys gold project - brokerage

** Company's shares hit lowest since March 26

** More than 12.5 mln shares change hands vs 30-day avg of 3.9 mln shares - LSEG

** Company's shares down 7.6% this year, as of last close

($1 = 1.5340 Australian dollars)

(Reporting by Roushni Nair in Bengaluru)

((Roushni.Nair@thomsonreuters.com))

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