REGIS RESOURCES LIMITED — AGM Information 2025

Nov 20, 2025

ASX Announcement

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21 November 2025

Address by James Mactier, Chairman 2025 Annual General Meeting of Regis Resources Limited ASX:RRL

Welcome everyone to the Regis Resources’ Annual General Meeting.

My name is James Mactier and I am Chairman of your Company.

It is with great satisfaction that I report on Regis’ standout performance in 2025.

Our outstanding year was due not only to a significant increase in the Australian dollar gold price and our excellent operating performance over the period, but also the sustained efforts, planning, patience and discipline of our team over prior years. The close-out of our hedge book in the prior year finally revealed the true cash flow-generating capacity of our assets and contributed to the record financial metrics this year.

Operationally, we again delivered within cost and production guidance and, as detailed in our most recent quarterly report, this consistency has continued into the new year.

With our very strong cash flows and cash position, we decided to fully repay our $300 million bank debt in February, leaving us debt-free and unhedged for the first time since we began production some 13 years ago. We are very well positioned to continue to invest in value-accretive growth and to pay dividends.

Regarding dividends, the Board declared a fully franked dividend of 5 cents per share for the year ended 30 June 2025. This took cumulative dividends paid by Regis since 2013 to nearly $585 million, a fact often overlooked by the market. Given the current outlook, we expect to continue to pay fully franked dividends and intend to provide future payout guidance with our half year results early in the new year.

One of the most significant events of the last financial year, was of course, the Federal Minister for Environment and Water’s declaration over part of our approved McPhillamys Gold Project under Section 10 of the Aboriginal and Torres Strait Islander Heritage Protection Act 1984 (Cth) . Regis has commenced proceedings in the Federal Court as to the validity of the Minister’s decision, and this is scheduled to be heard early next month. In the meantime, we continue to investigate alternative project configurations, and whilst initial studies appear favourable, there is no certainty of a viable alternative being realised. That said, the project is so significant in its potential that we are not giving up and will continue to invest time and a relatively modest amount of expenditure to see it through to development.

Despite the uncertainty over McPhillamys, Regis is a business with scale and growth potential, with an excellent team and an impressive balance sheet. We are consistently producing more than

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350kozs per annum and continue to extend mine life utilising our existing underground development and surface infrastructure.

At Tropicana, we are progressing the development of a third underground mine at Havana and are very encouraged by ongoing exploration results in other areas.

At Duketon, we continue to develop underground extensions of Rosemont and Garden Well and, as you will have read in our announcement last week, we have now committed to extending open pit mining and milling at Duketon North through to the early 2030s. What started in 2012 as a modest open pit operation, still has a very bright future.

With many exciting exploration targets, we completed over 345km of drilling during the year, including 171km at Duketon and 174km at Tropicana. This significant investment demonstrates our confidence in increasing the life of our existing projects.

Importantly, we were able to achieve all of this while maintaining an impressive safety performance, with our LTIFR of 0.4, well below the industry average. The physical and psychological safety of our people remains not just a priority, but central to everything we do. We continue to implement initiatives and improvements in this area.

We also continue to make significant progress in relation to environmental sustainability. A standout initiative was the completion of the Tropicana renewables project, creating one of the largest hybrid power systems in the Australian mining sector. We also rehabilitated 201 hectares of disturbed land across Duketon and further reduced bore water usage there. I encourage all stakeholders to read our Annual Report for more details on our progress, plans and priorities in the area of sustainability.

In relation to Board refreshment and renewal, I am pleased to advise that Lynda Burnett will assume the role of Chair of the Remuneration and Nominations Committee from 1 December. I would like to thank Steve Scudamore for his excellent contribution as Chair of this committee over the past 6 and a half years. Steve will continue as Chair of the Audit Committee.

After nearly 10 years, both Fiona Morgan and I intend to retire from the Board within the next 12 months. We will commence a search for suitable replacements shortly.

Finally, our outstanding performance in FY25 would not have been possible without the dedication of our people and the ongoing support of our stakeholders. On behalf of the Board, I would like to thank our Managing Director and Chief Executive Officer, Jim Beyer, our senior leadership team, employees, contractors, joint venture partner AngloGold Ashanti, and the communities in which we operate. I would also like to thank my fellow Directors for their efforts, insights and advice. Thank you.

This announcement is authorised for release by Regis Board of Directors