REGIS RESOURCES LIMITED — Earnings Release 2015

Jan 8, 2015

ABN 28 009 174 761 www.regisresources.com

Level 1 1 Alvan Street SUBIACO WA 6008 Australia

PO Box 862 SUBIACO WA 6904 Australia P+61 (0)8 9442 2200 F+61 (0)8 9442 2290

Facsimile

To:	ASX Market Announcements	Attention:
From:	Elisha Civil	Fax number:	1300 135 638
		No of pages:
Date:	8 January 2015	(incl. this one)
Subject:	Regis Resources Limited (RRL) Announcement for Release to the Market

Please find attached an announcement by Regis Resources Limited (ASX: RRL) for release to the market on Friday, 9 January 2015.

Please contact me at 0432 585 740 or ecivil@regisresources.com should you have any questions or concerns.

Kind regards,

Elisha Civil General Manager - Finance

9 January 2015

Manager Announcements

Level 4, 20 Bridge Street

Svdnev NSW 2000

Company Announcements Office

Australian Securities Exchange Limited

www.regisresources.com Level 1 1 Alvan Street Subiaco WA 6008 Australia P0894422200 F0894422290

December 2014 Quarter Gold Production & Debt Repayment

The board of Regis Resources Ltd provides the following gold production summary and corporate update in advance of the full quarterly report due for release on Tuesday 27 January 2015.

December 2014 Quarter Gold Production

Regis produced 80,065 ounces of gold in the December 2014 quarter (Sept 14: 88,818 oz) and remains on track to deliver within the group's 2015 gold production quidance.

Garden Well

Operating results for Garden Well for the December 2014 quarter were as follows:

and the state of the state of the state of the state of the state of the state of the state of the state of the $\overline{(\mathcal{A}^{\mathcal{A}}\otimes\mathcal{A}^{\mathcal{A}}\otimes\mathcal{A}^{\mathcal{A}}\otimes\mathcal{A}^{\mathcal{A}}\otimes\mathcal{A}^{\mathcal{A}}\otimes\mathcal{A}^{\mathcal{A}}\otimes\mathcal{A}^{\mathcal{A}}\otimes\mathcal{A}^{\mathcal{A}}\otimes\mathcal{A}^{\mathcal{A}}\otimes\mathcal{A}^{\mathcal{A}}\otimes\mathcal{A}^{\mathcal{A}}\otimes\mathcal{A}^{\mathcal{A}}\otimes\mathcal{A}^{\mathcal{A}}\otimes\mathcal{A}^{\$	Dec 2014	Sept 2014
Ore milled (tonnes)	1,088,000	1.232.275
Head grade (g/t)	0.94	0.96
Recovery (%)	83	78
Gold production (ounces)	27,237	29,816

The December 2014 quarter was a challenging period for the Garden Well operations. Mill throughput fell to an annualised rate of 4.3mtpa (budget 5.0mtpa) primarily as a consequence of:

• A moderate hardening of the ore feed during the quarter as less oxide and more of the harder chert ore from the stage 4 pit was treated;
• Lower mill availability largely from performing two mill relines during the quarter; and
• Changing from steel mill liners to rubber liners in October 2014. Previous operating experience suggested that this would generate an improvement in throughput but resulted in an immediate reduction in throughput. The rubber liners have resulted in an increased recirculating load in the mill and larger volumes of scats requiring tertiary crushing.

The Company has initiated plans to increase throughput to $>5$ mtpa. In the short term, extra crushing capacity is expected to be installed during January 2015 with the addition of a hire C-1550P Terex Finlay mobile cone crusher and associated conveyors to increase tertiary crushing capacity and evaluate its impact on overall mill throughput. New steel liners have been ordered, however these have a moderately long lead supply, and are expected to be installed late in March 2015.

--.

In the longer term the Company is INestigating the adation of a quaternary crusher, possbly a high pre=ire glnding rol press, to provkle an enduring step change In throughput by preeentkig a f ter crushed product to the mil. Exper,dmn to complete th18 project is expeded to be In the region of \$3-5 millon and the project would be expected to take 4-6 months to complete.

Miled grade of 0.944 was reflecth,e of the necessity to Isolate tom the ml ng circuit the , *'*' - 'A' metallugical ore from stage 4 ofthe pit (refer Sept 14 quarterly report). This ore tended to be some of the softer and higher grade ore for the quarb 80 Impacted on the mmed grade and #youghput It le -,7 -:,- , that the zone of this ore will have b.in mtied od by the end of Jailu84 2015.

Miling recovery improved from 78% h the September 2014 qu,ber to 83% h the December 2014 quarter as there was less knpact of the metalurgically dmoult ore. Recovery ¹⁸ expeded to cont*lue to knprove to around 8896 for the March 2015 quarter.

ROSI,nod

	Dec 2014	Sept 2014
Ore milled (tonnes)	586,661	534,919
gra#9.(g/t) Heed	1.58	1.69
Recovery (%)	92	91
Gold production (ounces)	27,484	26,316

Oper g reaultz for Rosemod for the December ²⁰¹⁴ quarter were as follom:

Rosemont pe folmed well during the quarter vAth mil thro hput running at an annuallsed rate of 2.35mtpa (2.Orntpa budget) and continued strong grade and recovery performance.

Nook/1/MIS

Opersting results for Moolart Well for the December ²⁰¹⁴ quarter were = follows:

	2014 Dec	Sept 2014
Ore milled Connes)	711,647	740,803
grade Head (g/t)	1.19	1.47
Recovery (%)	93	B4
produ*ion Gold (ounces)	25,344	32,686

Mil throughput at Moolart We[1 for the quaiter was 2.85mtpa equ alent down 4% on the alk time reoord of the September 2014 quarter. The mlled grade forthe quanar of 1.199/1 was reflecive of the ore available in the mining schedule and took the grade to 1.334 for the half yea, in Ible with the long temi grade of the project to daa.

Costs and Ou#ook

FLither Infomlation on operations and cash costs wil be reponad In the December 2014 quarterly report Total Regis gold production forthe March 2015 quENter Is :, + . . *4: , to be aroisid the same level as the December 2014 quarter (le approx Bokoz) as expected Improvements at Garden Well offeet BIghtly lower grades In the mlnlp schedules for Moolart Wei wid Rosemont

Debt Repayment

Cash flow from .,· - , ',- , dMing the quarter fvittg¢Bd the repaymed in December 2014 of \$20 milton of the Company's \$40 million corporate debt Regls' unaud16@d cash and gold bullon holding at 31 December 2014 (after debt repayment) was \$29.7 mmlon (Sept 14: \$28.2m). The board wil conhue to monitor cash flow over the coming quarters with a VIE*, to further rep yment of the remahing \$20 mllon debt out,tancing. This Is considered prudent balance sheet managemed which should facilit=* a rgtum to dividend payment in due course.

YourB sincerely Regls Resources Llml©ed

Mark Clark Managing Director