REGIS RESOURCES LIMITED — AGM Information 2015

Nov 11, 2015

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REGIS RESOURCES LTD

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ANNUAL GENERAL MEETING 12 NOVEMBER 2015

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DISCLAIMER & COMPETENT PERSONS STATEMENT

This presentation contains only a brief overview of Regis Resources Limited and its associated entities (“Regis or RRL") and their respective activities and operations. The contents of this presentation, including matters relating to the geology of Regis’ projects, may rely on various assumptions and subjective interpretations which it is not possible to detail in this presentation and which have not been subject to any independent verification.

This presentation contains a number of forward-looking statements. Known and unknown risks and uncertainties, and factors outside of Regis’ control, may cause the actual results, performance and achievements of Regis to differ materially from those expressed or implied in this presentation. To the maximum extent permitted by law, Regis does not warrant the accuracy, currency or completeness of the information in this presentation, nor the future performance of Regis, and will not be responsible for any loss or damage arising from the use of the information. The information contained in this presentation is not a substitute for detailed investigation or analysis of any particular issue. Current and potential investors and shareholders should seek independent advice before making any investment decision in regard to Regis or its activities.

The information in this presentation that relates to Exploration Results is extracted from the ASX announcement released 14 October 2015 entitled “Significant Exploration Drilling Results at Duketon ” and for which Competent Person’s consents were obtained. The Competent Person’s consents remain in place for subsequent releases by the Company of the same information in the same form and context, until the consent is withdrawn or replaced by a subsequent report and accompanying consent.

The information in this presentation that relates to Mineral Resources or Ore Reserves is extracted from the Mineral Resource and Ore Reserve Statement released to the Australian Securities Exchange (ASX) on 16 July 2015 and for which Competent Person’s consents were obtained. The Competent Person’s consents remain in place for subsequent releases by the Company of the same information in the same form and context, until the consent is withdrawn or replaced by a subsequent report and accompanying consent.

The Company confirms that it is not aware of any new information or data that materially affects the information included in the original ASX announcement released on 16 July 2015 and, in the case of estimates or Mineral Resources or Ore Reserves, that all material assumptions and technical parameters underpinning the estimates in the original ASX announcements continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original ASX announcement.

ASX announcements are available on the Company’s website at www.regisresources.com.au

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ONE YEAR ON

FOCUS AT 2014 AGM

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Garden Well February 2014

• Recovering from flood at GW & RMT

• Understanding and resolving reconciliation challenges at GW

• Getting operations to steady state

• Rebuilding cash position & dividends

• Rebuilding market confidence

• Exploration on the backburner

• Acquisitions not on the agenda

FOCUS AT 2015 AGM

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Garden Well November 2015

• GW reserve updated and performing

• Operations at steady state and optimisations underway

• Cash-flow strong, dividend restarted

• Share price recovery

• Extensive exploration underway and returning excellent growth potential

• Two regional acquisitions completed

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REVIEW OF 2015 OPERATIONS

DUKETON OPERATIONS DELIVER STRONG CASHFLOW

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||||
|---|---|---|
|FY2015|
|Ore mined (Mbcm)|4.65|
|Waste mined (Mbcm)|23.70|
|Stripping ratio (w:o)|5.10|
|Ore mined (Mtonnes)|11.07|
|Ore milled (Mtonnes)|9.84|
|Head grade (g/t)|1.11|
|Recovery (%)|88|
|Gold production (ounces ‘000)|310|
|Cash cost (A$/oz)|826|
|Cash cost inc royalty (A$/oz)|891|
|All in Sustaining Cost (A$/oz)|[1]|994|

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1 AISC calculated on a per ounce of production basis

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CORPORATE

CAPITAL STRUCTURE

SHAREHOLDERS

CAPITAL STRUCTURE
ASX code		RRL
Shares on issue		500m
Last price Market capitalisation Daily turnover (no. shares) Unlisted options FINANCIALS Cash & bullion (30 Sept 15) Debt (30 Sept 15) FY15 EBITDA FY15 NPAT FY15 Cash-flow from ops Dividend		$2.05 A$1,024m 4.1m 13.7m $98m $20m $181M $87M $142m 6cps
OPERATIONS SNAPSHOT Duketon operations (WA) 10Mtpa McPhillamys project (NSW) 2.2Moz Resources 7.6Moz		≈290kozpa resource
Reserves	2.0Moz

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Australian insto
5%
11% 28% Newmont
9%
North American insto
13%
Directors and mgt
19%
15% UK & Europe insto
Asian insto
Other (retail)
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SHARE PRICE & VOLUME

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2.5 35
30
2
25
1.5 20
1 15
10
0.5
5
0 0
Share price (A$) Volume (Millions)
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Reserves 2.0Moz
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BALANCE SHEET

NET CASH POSITION BUILDING STRONGLY

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120
100
80
60
Cash
40
Debt
20
Net cash/(debt)
-
Jun-14 Sep-14 Dec-14 Mar-15 Jun-15 Sep-15
-20
-40
-60
$ Millions
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Strong build in cash-flow since flood affected operations in March 2014 quarter

• Debt peaked at $61m in the June 2014 quarter

• Debt now paid down to $20m – due June 2017

• Cash and bullion $98m (Sept 2015)

Net cash has increased by $125m over last 15 months

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PRODUCTION GUIDANCE 2016

GUIDANCE

Production: 275,000 – 305,000 ounces Cost: AISC A$970 – A$1,070/oz Expansion capital: A$15-20 million

GUIDANCE MID-POINT STATISTICS*

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||||||
|---|---|---|---|---|
|Moolart|Rosemon|Garden|Total|
|Well|t|Well|
|Ore mined (Mtonnes)|2.8|2.2|5.6|10.6|
|Ore milled (Mtonnes)|2.9|2.3|5.0|10.1|
|Head grade (g/t)|0.89|1.23|0.92|0.98|
|Recovery (%)|91|93|88|91|
|Gold production (ounces|
|75|85|130|290|
|‘000)|
|Cash cost (A$/oz)|820|840|900|860|
|Cash cost inc royalty|880|910|970|930|
|(A$/oz)|
|All in Sustaining Cost|950|1,070|1,040|1,020|
|(A$/oz)|

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2016F operating cash-flow ≈ A$150m at mid-point AISC and current (A$1,550/oz) gold price

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• Errors in summation may occur in this table due to rounding

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FY2016 Q1 OPERATING RESULTS

	Moolart Well Rosemont Garden Well Total Ore mined (bcm ) 364,919 324,866 577,414 1,267,199 Waste mined (bcm) 1,307,763 2,698,439 1,846,448 5,852,650 Stripping ratio (w:o) 3.58 8.31 3.20 4.62 Ore mined (tonnes) 743,521 736,851 1,519,127 2,999,499 Ore milled (tonnes) 712,364 639,300 1,209,319 2,560,983 Head grade (g/t) 0.92 1.35 0.94 1.04 Recovery (%) 89.5 92.2 84.3 88.2 Gold production (ounces) 18,861 25,567 30,988 75,416 Cash cost (A$/oz) 812 721 910 821 Cash cost inc royalty (A$/oz) 879 785 977 888 All in Sustaining Cost (A$/oz) 959 903 1,040 973

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GARDEN WELL KPIs

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AQCUISITIONS FOR GROWTH

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10km
Moolart Well
Rosemont
Gloster Tenure
Garden Well
Duketon Mining JV Tenure
Regis Tenure
Major Shear Zone
Gold Project
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• Compliant with 1996 JORC Code and Guidelines (refer ASX announcement 16 July 2015)

MOOLART WELL AREA

• Mine life 3 years

• Successful reserve replacement of production in recent years through oxides and satellites

Recent strategic transactions to further bolster this operation:

• Acquisition of 365koz Resource* Gloster gold deposit for $1.5m + royalty

• Duketon Gold Exploration Joint Venture:

• 373km[2] of gold prospective tenure mostly proximal to MW

• Regis spending $1m over 2 years to earn 75%

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EXPLORATION UPDATE

SIGNIFICANT RESULTS AT DUKETON IN SEPT15Q

• Completed 45,517m of exploration drilling on >10 projects and prospects

• Further significant results at a number of projects:

• Baneygo – 12km south of Rosemont mill

• High grade results continue, resource estimation in Dec15Q

• Idaho – 2.2km north of Baneygo

  • Reconnaissance regional drilling – significant results

• Early indications of potential of >12km Rosemont-Baneygo shear

• Tooheys Well – 2.5km south of Garden Well mill

  • Very high grade results, drilling continuing to find extent

• Coopers – 11km south of Moolart Well mill

  • Significant results continue, resource estimation Dec15Q

• Rosemont south underground

  • Significant results show continuity of gold mineralization

  • Appears high grade shoot plunging north not south as previously thought

• Commenced 20,000m drill out of Gloster Gold Deposit

• Executed formal agreements for Duketon Gold JV – fieldwork to commence

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DUKETON NEAR TERM GROWTH

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CURRENT MINE LIVES

Project Mine Life Garden Well 7 years Rosemont 6 years Moolart Well 3 years	Mill tpa
	≈ 5 MT
	≈ 2 MT
	≈ 3 MT

MINE LIFE EXTENSION OPPORTUNITIES

	Project	Status
	Gloster	Resource pending, then DFS
	Coopers	Resource pending
	Erlistoun	Scheduling
	Baneygo	Resource pending
	Tooheys Well	Further drilling
	Rosemont U/G	Diamond drilling
	GW stage 6	Drilling & study

• Proximity to mill capacity

• Known gold hosting structures  Shallow & poorly tested ► Strong extension expected

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BANEYGO GOLD PROJECT

EXCITING HIGH GRADE RESULTS POINT TO NEW DUKETON PROJECT

• 12km south of Rosemont

• Gold hosted in Quartz Dolerite similar to Rosemont

• Baneygo 43koz Au Resource 2004 in 4 small deposits

• Regis drilled on 40m traverses 330 RC holes for 31,100m

• Highly significant new gold mineralisation defined over 3km strike outside 2004 Resource

• Diamond drilling completed for geotechnical and metallurgical purposes

• Resource update Dec 15Q

Historical drilling grey Regis drilling green and red

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BANEYGO DRILL RESULTS

Hole No	Hole No	Northing (mN) Easting (mE) Hole Depth (m) From (m) To (m) Interval (m) Gold g/t
RRLBYRC002		6907462 431925 114 50 83 33 8.35
RRLBYRC023		6906712 432197 102 35 42 7 8.96
RRLBYRC024		6906721 432235 168 87 110 23 2.55
RRLBYRC034		6906092 432357 78 28 42 14 6.95
RRLBYRC082		6907458 431914 72 6 41 35 1.46
RRLBYRC084		6907547 431914 108 60 83 23 3.05
RRLBYRC086		6907627 431901 120 68 85 17 3.73
RRLBYRC100		6906639 432240 138 54 69 15 1.97
RRLBYRC107		6907319 432000 114 69 74 5 12.34
RRLBYRC114		6907502 431914 120 53 90 37 8.73
RRLBYRC117		6907430 431961 102 84 86 2 87.49
RRLBYRC128		6906677 432238 117 78 86 8 8.03
RRLBYRC142		6906492 432313 124 95 105 10 6.36
RRLBYRC162		6907668 431897 117 76 95 19 4.31
RRLBYRC166		6907193 431993 42 12 30 18 3.36
RRLBYRC178		6906130 432346 74 29 42 13 10.79
RRLBYRC201		6907495 431882 54 22 36 14 5.46
RRLBYRC220	New	6906318 432277 33 13 21 8 10.69
RRLBYRC229		6906166 432329 53 39 43 4 24.01
RRLBYRC243	Sept	6906651 432279 174 147 157 10 6.11
RRLBYRC278	15Q	6906627 432329 243 208 219 11 16.65
RRLBYRC315		6907523 431916 103 69 87 18 4.73
RRLBYRC319		6907481 431931 123 94 101 7 12.01
RRLBYRC322		6907602 431914 114 82 107 25 3.27

>50gm intersections are tabled

All coordinates are AGD 84. All holes were drilled at -60 ° to 254 °

All Intercepts calculated using a 0.5g/t lower cut, no upper cut, maximum 2m internal dilution. All assays determined on 1m split samples by fire assay

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BANEYGO GOLD PROJECT

Baneygo

A$1,400/oz pit shells based on recent Regis drilling

Baneygo Beacon

Block Model g/t Au

Baneygo South

$1,400/oz pit shells capturing significant drilling outside existing historical Resources in the 3km area tested

Sydney Mint

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ROSEMONT TO BANEYGO

REGIONAL SCALE OPPORTUNITY

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REGIONAL SCALE OPPORTUNITY
Rosemont

Rosemont-Baneygo trend 20km, significant
intercepts but poorly tested.
 Quartz dolerite host rock at Rosemont
continues to Baneygo and further south
22m @ 2.6g/t, f 22m  Recent RC drilling around Baneygo.
10km
Garden
King John  New discovery Idaho
Well
3m @ 7.7g/t, f 41m  RRLIHRC002 5m @ 3.22g/t Au from 24m
4m @ 8.5g/t, f 28m
 RRLIHRC004 6m @ 3.16g/t Au from 46m
 RRLIHRC008 22m @1.82g/t Au from 28m
10m @ 1.8g/t, f 22m including 6m @ 5.16g/t Au from 44m
8m @ 1.9g/t, f 14m

20km corridor requires further drilling
13m @ 4.9g/t, f 17m Idaho
•
Previous drilling max 100m deep with
33m @ 8.4g/t, f 50m most only 50m deep
11m @ 7.3g/t, f 21m
•
21m @ 9.3g/t, f 16m Erlistoun Up to 800m gaps between drill lines
 Continue to test strike continuation north to
Baneygo
Rosemont on 400m traverses
22m @ 2.5g/t, f 26m
5m @ 4.6g/t, f 7m
2m @ 12.6g/t, f 13m
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IDAHO GOLD PROSPECT

New Gold discovery Idaho 2km north of Baneygo

Idaho Gold Prospect

Baneygo Gold Deposit

North

Block Model g/t Au

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ROSEMONT DEEPS

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South North
500mRL
300mRL
100mRL
High Grade Southern shoot where 6 hole DD
programme was completed originally thought High Grade Central shoot under
to be plunging south. New interpretation has Rosemont Main pit plunging north
shoot plunging north
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• Further drilling to be designed in Dec15Q to test southern and central high grade shoots

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McPHILLAMYS (NSW)

FOCUS ON KEY INFRASTRUCTURE BEFORE MOVE TO PFS

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• 250km west of Sydney

• Gold resource 2.2Moz  100% Regis owned

• Conceptual studies show viable project

• Current focus on key infrastructure

• Will then move to PFS  Well established gold mining district • Cadia +40Moz Newcrest • Cowal +3Moz Evolution • Northparkes +2Moz* China Moly

• Intrinsic portfolio value • Large undeveloped gold resource in Australia – rare and getting rarer!

• • Low stripping ratio and geological continuity at depth give the in pit resource significant leverage to gold price upside

• • Medium term development proposition

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• Recent quoted resources from public information

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RECAP

• Duketon operations steady state and optimising

• Strong cash-flow underpinning dividends and growth

• Minimal capital reinvestment required at the Duketon operations

• Continued exciting exploration results at Duketon

• Including Baneygo, Idaho, Tooheys Well & Coopers

• Pointing to extensions of mine life at all three operations

• Advantage of processing capacity – “ex-capex” developments

• Bolt on acquisitions to leverage off processing capacity

• Work continuing to secure infrastructure required for McPhillamys project

Regis business is robust, generating strong free cash-flow with growth opportunities both organic and external

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JORC COMPLIANT MINERAL RESOURCES 31 MARCH 2015

Group Mineral Resources

				Group Mineral Resources	Group Mineral Resources	Group Mineral Resources	Group Mineral Resources	Group Mineral Resources	Group Mineral Resources	Group Mineral Resources	Group Mineral Resources	Group Mineral Resources	Group Mineral Resources	Group Mineral Resources	Group Mineral Resources
				as at 31 March 2015
Gold				Measured		Indicated			Inferred			Total Resource			Competent Person4
Project	Type	Cut-Off (g/t)	Tonnes (Mt)	Gold Grade (g/t)	Gold Metal (koz)	Tonnes (Mt)	Gold Grade (g/t)	Gold Metal (koz)	Tonnes (Mt)	Gold Grade (g/t)	Gold Metal (koz)	Tonnes (Mt)	Gold Grade (g/t)	Gold Metal (koz)
Moolart Well1	Open-Pit	0.4	3.0	0.89	87	29.2	0.75	706	15.0	0.62	300	47.3	0.72	1,093	A
Garden Well1	Open-Pit	0.4	2.7	0.63	54	73.8	0.90	2,131	10.2	0.88	288	86.7	0.89	2,473	B
Rosemont1	Open-Pit	0.4	5.4	1.31	228	20.1	1.27	824	2.8	1.78	160	28.3	1.33	1,212	B
Duketon Main Deposits	Sub Total		11.1	1.03	369	123.2	0.92	3,661	28.0	0.83	748	162.3	0.92	4,777
Erlistoun	Open-Pit	0.4	-	-	-	5.7	1.34	247	1.1	1.00	37	6.9	1.28	284	A
Dogbolter	Open-Pit	0.4	-	-	-	2.8	1.11	102	0.4	1.02	13	3.2	1.10	115	A
Petra	Open-Pit	0.4	-	-	-	1.2	1.08	42	0.1	1.09	2	1.3	1.08	44	A
Anchor	Open-Pit	0.4	-	-	-	0.2	1.75	9	0.1	0.95	2	0.2	1.53	11	A
King John3	Open-Pit	1.0	-	-	-	-	-	-	0.7	3.19	72	0.7	3.20	72	C
Russells Find3	Open-Pit	1.0	-	-	-	-	-	-	0.4	3.86	55	0.4	4.28	55	C
Baneygo3	Open-Pit	0.5	-	-	-	-	-	-	0.8	1.67	43	0.8	1.67	43	C
Reichelts Find3	Open-Pit	1.0	-	-	-	0.1	3.69	17	-	-	-	0.1	3.69	17	C
Duketon Satellite Deposits	Sub Total		-	-	-	10.1	1.28	416	3.6	1.96	223	13.6	1.46	640
Duketon	Total		11.1	1.03	369	133.2	0.95	4,077	31.5	0.96	971	175.9	0.96	5,417
McPhillamys	Total	0.4	-	-	-	69.2	0.94	2,087	3.9	0.98	123	73.2	0.94	2,210	B
Regis	Grand Total		11.1	1.03	369	202.5	0.95	6,164	35.5	0.96	1,094	249.1	0.95	7,627

Notes

The above data has been rounded to the nearest 100,000 tonnes, 0.01 g/t gold grade and 1,000 ounces. Errors of summation may occur due to rounding.

All Mineral Resources are reported inclusive of Ore Reserves to JORC Code 2012 unless otherwise noted

1. Mineral Resources and Ore Reserves are reported inclusive of ROM Stockpiles at cut-off grade of 0.4 g/t

2. Reported under JORC Code 2004

3. Refer to Group Competent Person Notes

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JORC COMPLIANT ORE RESERVES 31 MARCH 2015

Group Ore Reserves

				Group Ore Reserves	Group Ore Reserves	Group Ore Reserves	Group Ore Reserves	Group Ore Reserves	Group Ore Reserves	Group Ore Reserves	Group Ore Reserves	Group Ore Reserves
				as at 31 March 2015
Gold				Proved		Probable			Total Ore Reserve			Competent Person3
Project	Type	Cut-Off (g/t)2	Tonnes (Mt)	Gold Grade (g/t)	Gold Metal (koz)	Tonnes (Mt)	Gold Grade (g/t)	Gold Metal (koz)	Tonnes (Mt)	Gold Grade (g/t)	Gold Metal (koz)
Moolart Well1	Open-Pit	> 0.4	2.7	0.93	79	3.9	0.92	115	6.5	0.92	194	D
Garden Well1	Open-Pit	> 0.4	2.7	0.63	54	31.9	0.93	955	34.5	0.91	1,009	D
Rosemont1	Open-Pit	> 0.4	4.4	1.34	188	8.9	1.36	387	13.2	1.35	574	D
Duketon Main Deposits	Sub Total		9.7	1.03	321	44.6	1.02	1,456	54.3	1.02	1,777
Erlistoun	Open-Pit	> 0.5	-	-	-	3.8	1.48	181	3.8	1.48	181	D
Dogbolter	Open-Pit	> 0.5	-	-	-	0.3	1.57	16	0.3	1.57	16	D
Petra	Open-Pit	> 0.5	-	-	-	0.6	1.26	25	0.6	1.26	25	D
Anchor	Open-Pit	> 0.5	-	-	-	0.1	2.07	6	0.1	2.07	6	D
Duketon Satellite Deposits	Sub Total		-	-	-	4.8	1.47	229	4.8	1.47	229
Regis	Grand Total		9.7	1.03	321	49.4	1.06	1,685	59.1	1.06	2,006

Notes

The above data has been rounded to the nearest 100,000 tonnes, 0.01 g/t gold grade and 1,000 ounces. Errors of summation may occur due to rounding.

1. Mineral Resources and Ore Reserves are reported inclusive of ROM Stockpiles at cut-off grade of 0.4 g/t

2. Cutoff grades vary according to oxidation and lithology domains. Refer to Group Ore Reserves Lower Cut Notes

3. Refer to Group Competent Person Notes

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