REGIS RESOURCES LIMITED — AGM Information 2005

Nov 24, 2005

AGM Presentation

David Walker Managing Director 25 November 2005

Forward-Looking Statements

This presentation contains "forward-looking statements". Such forward-looking statements may include, without limitation:

• Estimates of future results of exploration activities;
• Estimates of future cash flow:
• Estimates of future capital expenditure and resources;
• Estimates of mineral reserves, resources and statements regarding future exploration results.

Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. However, forward looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. Such risks include, but are not limited to metals price volatility, currency fluctuations, increased production costs and variances in ore grade or recovery rates from those assumed in mining plans, as well as political and operational risks in the countries and states in which we operate or sell product to, and governmental regulation and judicial outcomes.

The Company does not undertake any obligation to release publicly any revisions to any "forward-looking statement" to reflect events or circumstances after the date of this presentation, or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws.

Snapshot

Assets	- 59% of major Duketon-Collurabbie province - 1.74 Moz of gold resources (RRL share 1.0 Moz) - significant nickel potential
Financial	- Debt free - Significant tax losses
Capital Structure	- 325.8 m Ordinary Shares - another 266.5m shares to be issued to Newmont (47%) -96.7 m \$0.05 Options exercisable by Jan 2014 - \$0.10 and \$0.20 listed options
Market Capitalisation	- \$40 million at \$0.12ps (excludes NEW shares, options)
	*on completion of Newmont transaction

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• MICHAEL FOLIE (Non Executive Chairman) BE(Civil), DIC, MSc(Econ) PhD, FAICD) Dr Folie has ➣ had a distinguished career in the resource sector and is currently Deputy Chairman of InterOil Corporation and a Director of the Australian Research Council and the Institute of Public Affairs. He was previously a senior executive and Director with Shell Australia Limited and was the Executive Director responsible for Billiton Australia activities (alumina, gold, base metals and exploration) and Shell Coal – the third largest Australian producer. From 1994, he was the founding Managing Director and CEO of ASX listed gold producer Acacia Resources Limited.
• $\blacktriangleright$ DAVID WALKER (Managing Director) (BSc (Hons), MSc, MAusIMM) Mr Walker is the principal of Dalkeith Resources Pty Ltd and has over 15 years professional experience in the stockbroking. corporate finance and resource banking areas. Mr Walker, who gained a Master of Science degree from Oxford University, is a qualified Geologist and has worked in the Mining Industry. Mr Walker has been a rated equity analyst in the gold, diamonds, diversified resources and coal sectors. Prior to his current role, Mr Walker was a founding director of Auzeq Securities Ltd, an Executive Director of ABN AMRO Australia Securities and an Associate Director of CS First Boston Australia.
• MARCUS ROSE (Non-Executive Director) MBA, ASIA, AREI, FAICD) Mr Rose is an Executive $\blacktriangleright$ Director of the Concept Financial Services group, and on the boards of Australian Energy Limited, Arafura Resources NL, and the Carlton Football Club Limited.
• GLENISTER LAMONT (Non-Executive Director) BEng (Hons), MBA, ASIA, FAICD, MAusIMM) Mr $\blacktriangleright$ Lamont is principal of Logmaor Services Pty Ltd, currently a Director of North Australian Diamonds Ltd and was on the board of Bounty Oil&Gas. His most recent role was as Manager Corporate for the Gribbles Group. Previously he was General Manager Corporate for Ashton Mining Ltd and prior to that he was an Executive Director at UBS Warburg.

WA Properties

• $\blacktriangleright$ Duketon JV's (Regis 59%* and manager, Newmont 41%)*
• The major landholding in the Duketon Belt $\geqslant$
• Laverton Region 20moz in production $\blacktriangleright$
• Gold 1.7Moz in JORC code resources in ⋗ eight deposits (RRL equity 1.0Moz*)
• Nickel major Collurabbie belt $\blacktriangleright$
• Copper Well JV (Regis manager, 50% $\geqslant$ earning 85%)
• Melita JV (Regis manager, earning 70%) ⋗

Duketon Gold Resources (RRL 59%)

• $\blacktriangleright$ North Laverton Tectonic Zone.
• $\geqslant$ Over 250 granted mineral licences and licence applications
• $\geqslant$ In excess of 2,000 sq km of prospective ground
• Area Mined by Ashton Gold in 1990's $\geqslant$
• Rosemont discovered in 1996 ↘
• Moolart Well discovered in 2001 ⋗
• Other deposits known for some years $\blacktriangleright$
• $\blacktriangleright$ In excess of 20 Moz gold to the south

Duketon Gold Resources

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RRL Resources
	type	RRL	m			cut-off
		interest	tonnes	grade	koz	g/t	category	source
Moolart Well	laterite	59%	14.1	1.00	458	0.5	ind+inf	RSG
Rosemont	ox+sulph	59%	14.7	1.72	815	0.5	$ind+inf$	RSG
Rosemont Satellites
Dogbolter	ox+sulph	59%	0.9	2.91	87	1.0	ind+inf	NEWM
King John	ox+sulph	59%	0.7	3.19	72	1.0		NEWM
Baneygo	ox+sulph	59%	0.8	1.67	43	0.5		NEWM
Erlistoun	ox+sulph	59%	1.4	4.34	193	1.0		NEWM
Russells Find	ox+sulph	59%	0.5	3.86	56	1.0		NEWM
Reichelts Find	ox+sulph	59%	0.1	3.69	17	1.0		NEWM
Total		59%	4.4	3.32	468
TOTAL RESOURCES			33.2	1.63	1,741
RRL equity					1,028

,一个人的人都是一个人的人,而且,我们也不会不会不会。""我们,我们也不会不会不会不会。""我们,我们也不会不会不会不会。""我们,我们也不会不会不会不会。""

Based on completion of Newmont transaction

Calculated to December 2003

Moolart Well - Lancaster Cross Section

Moolart Well (59%) - Laterite Zone

• $\blacktriangleright$ Four kilometre zone of anomalous gold mineralisation
• Discovered by Newmont ➢
• JORC inferred resource of 14.1 mt at 1.0g/t $\blacktriangleright$ gold at a 0.5 g/t cut-off for 458,000 ozs, to Dec 2003
• $\blacktriangleright$ Sample of laterite ore returned +95% gold recovery
• $\blacktriangleright$ high grade laterite zones (>5g/t) exist
• $\triangleright$ Thick laterite zones (>10m) exist
• Low potential strip ratio (<1:1) ➢
• Resource upgrade in early 2006 ⋗

Moolart Well - Lancaster Cross Section

Moolart Well (59%) - Oxide Zones

• $\blacktriangleright$ Oxide zones beneath gold laterite cap
• Extend over 4-6km strike $\geqslant$
• 20-75m vertical depth $\geqslant$
• Several distinct linear zones indicated in $\rightarrow$ drilling
• ↘ Lancaster zone best defined, Stirling zone recently drilled
• Little systematic drilling on northern zones ⋗
• Appearance of conjugate set ⋗
• Very high grades (>150g/t gold) present $\blacktriangleright$
• Significant economic potential ➢

Moolart Well - Oxide and Basement

• Contour of all gold zones below 20mvd $\blacktriangleright$
• $\geqslant$ Includes oxide and deeper basement mineralisation
• Lancaster and Stirling zones indicated ⋗
• Third (unnamed) zone to the north ↘
• Deep exploration targets identified ↘

Moolart Well Laterite Resource Update ➤

• $\%$ Golders Associates appointed
• $\%$ 611 new AC holes, 54 RC holes to be included in Dec 03 resource
• $\%$ Commence in 2-3 weeks

Metallurgical Testwork ➤

• $\%$ Recent results reported, +95% recovery for laterite, +95% for saprolite (oxide)
• $\%$ Bulk sample to be taken in 2006

Regional Resources review $\blacktriangleright$

• $\%$ Newmont 2002 scoping study on 6 regional pits to be updated
• $\%$ New pit shells with current costs (higher spot price)

Mining, Infrastructure review ➤

• $\%$ Overview of infrastructure, services
• $\%$ Power, water facilities,

Duketon Gold development ➤

• $\%$ Moolart Well as key central resource (458koz in laterite review underway)
• $\%$ 6 satellite pits as contributors within haulage distance of Moolart

Mining Plan ➤

• $\%$ Moolart Well high-grade laterite (+3g/t) the key resource SR < 1:1
• $\%$ Moolart Well high grade oxide (+3g/t)
• $\%$ Moolart Well low-grade resources (+2g/t)
• $\%$ Regional resources (2-3g/t) 300-400,000ozs in-pit (2002 figures)

$\triangleright$ Production Scenarios

• $\%$ Central plant at Moolart Well
• $\%$ Abundant "low-grade ore" at Moolart Well for potential heap leach

WA Properties

$\blacktriangleright$ Collurabbie Location

Collurabbie (59% and manager)

Olympia Aeromagnetics

Olympia Cross Section

Raglan District Aeromagnetics

OMner	Deposits	Size	Grade	Status
Falconbridge	Donaldson, West Boundary, Boundary, 13-14, 5- 8, Katinniq, 2-3, East Lake & Cross Lake	Reserve: 17.7mt Resource: 7.2mt	2.86%Ni & 0.78%Cu 2.57%Ni & 0.81%Cu	In production since April 1998. Exploration continuing.
Canadian Royalties	Mesamax, Expo, TK, Mequillon	Resource: 10.5mt	1.0%Ni, 1.2%Cu, 3.0g/tPGE	Sub-economic resource. Exploration continuing.
2022 - 2022 - 2023 - 2024 - 2024 - 2024 - 2024 - 2024	2000000000000000000 70. 70. 70. 70. 70. 70. 70. 70. 70. 70.	1999 - Johann Amerikaansk fotballer ( 2002 - 2003 - 2003 - 2004 - 2005 - 2006 - 2007	1999 - Johann Barnson, markazar a 2000 - 2000 - 2000 - 2000 - 2000 - 2000 - 2000 - 2000 - 2000 - 2000 - 2000 - 2000 - 2000 - 2000 - 2000 - 2000	1999 - 1999 - 1999 - 1999 - 1999 - 1999 - 1999 - 1999 - 1999 - 1999 - 1999 - 1999 - 1999 - 1999 - 1999 - 199

PGE concentrations in Falconbridge's Raglan ore reserves are not known. However, samples of ore are reported to have assayed up to 6.6g/t PGE. Total grade ~= 5% Ni eq.

Ground TEM Survey Area

TEM Survey Progress (31 Oct 2005)

Model TEM Profile (B Field)

1989 - Johann Stoff, Amerikaansk politiker († 1989)

Prospect	Characteristics
Beltra	8m at 0.22% Ni and 0.11% Cu in aircore hole
Herman's	8m at 0.58% Ni and 290ppm Cu in aircore hole
Trusk	4m at 1.07% Ni and 4m at 1.02% Ni in aircore holes
Gidgee Sill	470 - 489ppm Cu and 795 - 800ppm Ni in two holes
Fiver (CUS)	High copper-platinum-nickel in regional geochem drilling

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Beltra Prospect

• Discovered from aircore drilling $\geqslant$
• $\geqslant$ EM survey to be completed
• Infill AC drilling to be completed ➢
• Results awaited ↘

RAB/Aircore Geochemistry

• 2000ppm Ni

• 750 2000ppm Ni ◯
• <750ppm Ni
• proposed hole

Trusk Prospect

Collurabbie – Geochemical Drilling

Period: July - Sept 2005 Holes: 163 Metres: 9,937

O Aircore Hole

Eastern Ultramafic Zone (EUZ)

• O Re-logged Holes
• Only reconnaissance work $\geqslant$ completed to date
• Major program proposed for $\geqslant$ 2006

Duketon Belt - Ni targets

Gold $\blacktriangleright$

• $\%$ Gold development centred on Moolart Well being evaluated
• $\mathfrak{B}$ If positive, six satellite deposits could be developed and trucked
• $\%$ Scoping study continuing
• $\%$ Resource upgrade expected in next 8 weeks
• $\%$ Existing 1.7 moz resource base

$\triangleright$ Nickel

• $\%$ EM surveying of Western zone almost complete
• Follow-up drilling assays of new targets awaited $\tilde{\sigma}$
• $\mathfrak{S}$ Interpretation commencing
• $\%$ Central zone exploration commencing
• $\%$ Eastern zone exploration to commence in 2006