REGIS RESOURCES LIMITED — Interim / Quarterly Report 2006

Jul 25, 2006

REPORT FOR THE QUARTER ENDED 30 JUNE 2006

HIGHLIGHTS

DUKETON GOLD PROJECT

MOOLART WELL DEPOSIT

• 388 holes for 23,793m drilled at the Moolart Well deposit;
• Significant new laterite zone intersections reported, including:
• 5m @ 3.59 g/t gold from 9m in hole MWAC 1194;
• 6m @ 3.28g/t gold from 10m in hole MWAC 1245
• Significant new saprolite intersections reported including:
• 6m @ 4.59 a/t gold from 104m in hole MWAC 1176:
• 6m @ 9.79 g/t gold from 69m in hole MWAC 1305; $\blacksquare$
• 8m @ 4.46 g/t gold from 111m in hole MWAC 1309: $\blacksquare$
• 5m @ 9.60 a/t gold from 33m in hole MWAC 1363: $\blacksquare$
• 8m @ 25.59 g/t gold from 32m in hole MWAC 1380;
• 19m @ 3.46 g/t gold from 66m in hole MWAC 1393;
• New saprolite interpretation identifies new contiguous zones.

PROJECT DEVELOPMENT

• Moolart Well resource upgrade expected in September-October 2006:
• Increase optimized in-pit resources expected:
• 40-80% gravity gold recoverable from Moolart Well ores;
• Gravity gold separation enhances CIP leach characteristics:
• Moolart Well site preparation activities underway.

GOLD EXPLORATION

• Moolart Corridor exploration identifies a 16km mineralized zone;
• 5.667 soil samples over central and southern tenements have more accurately defined gold bearing structures.

NICKEL EXPLORATION

• Collurabbie TEM surveving and drilling over Caltra and Tasman anomalies underway:
• Completed 59 line km of TEM, 1,810m aircore drilling at Collurabbie;
• 75,000 previous soil samples assessed at Collurabbie:
• Collurabbie regional geochemical analysis highlights Tasman area:
• Gilga Well TEM surveying $-29$ line km completed.

INTRODUCTION

Regis Resources NL ("Regis") is an Australian minerals explorer with extensive landholdings in the Eastern Goldfields of Western Australia. The most significant of these are the Duketon Joint Ventures with Newmont Australia Ltd (Newmont subsidiary Newmont Duketon 80%. Regis 20% and manager) north of Laverton, which cover ground prospective for gold and nickel mineralisation in the northern part of the Laverton Tectonic Zone. Through Regis' 49% holding in Newmont Duketon. Regis holds a direct and indirect equity in the joint ventures of 59.2%.

In the Lenora-Laverton area Regis is also earning up to an 85% interest and manages exploration on the Copper Well Joint Venture with Mr Mark Creasy, and earning up to 70% equity and manages exploration in the Melita Joint Venture with Great Gold Mines NL.

REVIEW OF OPERATIONS

During the quarter ended 30 June 2006 the majority of the Company's activities were associated with the feasibility study and further detailed technical evaluation of the Duketon Gold Project, in particular the Moolart Well gold deposit.

Duketon Gold Project Feasibility Study

Moolart Well Deposit

Geology and Resource Definition

During the quarter 338 aircore holes for 23.793 metres were completed at Moolart Well (see Table 1). At the time of reporting, assays for only 260 of these holes had been received, predominantly from the northern part of the deposit. The drilling program was targeted to infill and extend both the laterite and saprolite resource mineralisation down the top of fresh rock, at approximately 70 metres vertical depth.

Table 1 Moolart Well Drilling Summary

PROPERTY	TYPE	ENOS HOL	HOLES NC.	METRES
Well Moolart	aircore	-1479 ⊣MWA⊑ ۵. ∕ −	338	.793 n n Lv.

Laterite Zone mineralisation

At Moolart Well laterite zone mineralisation is developed within the top 1-20 metres of the weathering horizon over a 4km strike length with average widths of 500 metres. The mineralised zone has an average thickness of 4 metres and an average of 5 metres of cover over the deposit.

Significant laterite zone intersections received during the quarter are summarised in Table 2, and are incorporated into the gold mineralisation contour diagram (Figure 2). These results further extend and infill the laterite mineralisation particularly in the Halifax, Blenheim and Mosquito areas. The drilling has also further extended the higher-grade portion of the laterite mineralisation in several areas.

A new zone of laterite mineralisation termed the Boston zone has been discovered approximately 1 km north of the Blenheim zone, and further drilling is underway to fully delineate the extent of the mineralisation in this area.

6947600mN						E 38/348
6947200mN	Blenheim
6946800mN		Halifax				MLA 38/498
6946400mN	Mosquito
6946000mN
6945600mN				Wellington
6945200mN				Lancaster North
6944800mN		Stirling Ø.				MLA 38/499 MLA 38/500
6944400mN				Lancaster
6944000mN 434000mN	434400mN 434800mM	435200mN	435600mN	436400mN 436000mN	436800mN	437200mN
Legend 13355	> 16 gm Laterite Thickness x Grade		N		Regis Resources NL A.C.N. 009 174 761
孫孫	8 - 16 gm Laterite Thickness x Grade 4 - 8 gm Laterite Thickness x Grade 1 - 4 gm Laterite Thickness x Grade Diamond Drillhole			L Bowyer Comp.: 21/07/06 Date: Melbourne Loc.:	DUKETON GOLD PROJECT	Moolart Well Prospect
О Ø Ø	RC Drillhole Aircore Drillhole RAB Drilhole Drilling as at the 14th of July 2006	200	400 0 Metres	Scale: File: Laterite_contours Plot: Laterite_Contours Figure:	Laterite Zone Gold Contours Intersection Thickness x Grade (gm)	Less Than 20m Vertical Depth

HoletNo	Northing	Easting	Firem	ាក	litik	Gold
	mN	រោង	m	m	m	g W
MWAC 1186	6946593	435345	10	16	6	1.90
MWAC 1187	6946598	435399	9	15	6	2.07
MWAC 1193	6946651	435350	10	14	4	2.43
MWAC 1194	6946650	435398	9	14	5	3.59
MWAC 1195	6946651	435447	$\overline{9}$	14	$\overline{5}$	2.53
MWAC 1205	6946752	435397	9	13	4	2.64
MWAC 1206	6946752	435446	9	12	$\overline{3}$	2.52
MWAC 1207	6946751	435498	$\overline{9}$	14	$\overline{5}$	2.08
MWAC 1208	6946749	435546	8	13	5	2.02
MWAC 1244	6946448	435298	11	16	$\overline{5}$	1.99
MWAC 1245	6946448	435349	10	16	$\overline{6}$	3.28
MWAC 1249	6946349	435347	8	11	3	2.88
MWAC 1270	6946048	435546	5	9	4	1.98
MWAC 1279	6945898	435246	10	16	$\overline{6}$	1.77
MWAC 1289	6945750	435625	6	13	7	2.48
MWAC 1296	6947000	435875	7	9	$\overline{2}$	5.02
MWAC 1300	6945699	435545	$\overline{9}$	14	$\overline{5}$	1.99
MWAC 1322	6945350	435425	10	15	5	2.97
MWAC 1324	6945300	435344	11	17	6	2.00
MWAC 1326	6945296	435447	10	16	6	2.47
MWAC 1336	6945150	435475	8	14	6	2.78
MWAC 1339	6945050	435375	10	15	5	2.46
MWAC 1346	6944950	435375	9	16	7	2.59
MWAC 1358	6944750	435425	7	10	$\overline{3}$	1.99

Table 2. Summary of new Laterite Zone intersections. Moolart Well

All Intercepts calculated using a 0.5g/t lower cut, no upper cut, maximum 2m internal dilution Holes drilled at 270 grid azimuth, -60° dip. All assays determined by 1m fire assay

Saprolite Zone Mineralisation

Significant new saprolite zone intersections are summarised in Table 3 below. These results significantly extend the existing saprolite mineralisation in several areas, and have provided a high level of definition to allow detailed interpretation of the mineralisation (see discussion below).

Hole MWAC 1176 is from the Blenheim zone and is a further intersection in the deep. flat-Iving supergene zone previously reported. Also at Blenheim, hole MWAC 1237 extends the mineralisation intersected on line 6947200mN a further 45m to the north. Holes MWAC 1305 and 1309 are located in the Wellington zone, and extend known mineralisation both to the north and the south. Holes MWAC 1363 and 1380 are located in the southern part of the Stirling zone and represent an intersection of the main trend and a new mineralised shoot further west respectively. Hole MWAC 1393 intersected a new zone of mineralisation to the east of the Lancaster area which is not yet fully defined. Further aircore drilling is underway to further extend or define the saprolite mineralisation zones, and additional RC and diamond drilling will commence in the current quarter.

Hole No	Northing	Easting	From	Τo	ini	Gold
	mN	រវាំដ	m	m	m	git
MWAC 1172	6947551	435449	47	49	2	5.86
			64	66	$\overline{2}$	5.29
MWAC 1176	6947451	435546	104	110	$\overline{6}$	4.59
MWAC 1214	6946804	435646	49	51	$\overline{2}$	5.85
			56	59	3	3.62
MWAC 1237	6947245	435396	48	54	$\overline{6}$	3.75
MWAC 1247	6946346	435246	77	80	$\overline{3}$	3.67
MWAC 1253	6946250	435347	15	17	$\overline{2}$	5.25
MWAC 1265	6946050	435300	50	53	$\overline{3}$	3.16
MWAC 1305	6945700	435675	65	66	1	5.86
			69	75	6	9.79
			78	83	5	4.09
MWAC 1309	6945800	435750	111	119	8	4.46
MWAC 1340	6945050	435425	58	62	4	3.81
MWAC 1352	6944850	435225	42	46	4	3.05
MWAC 1357	6944750	435375	56	58	$\overline{2}$	12.25
MWAC 1363	6944600	435375	83	88	5	9.60
MWAC 1378	6944449	435827	56	57	1	11.40
MWAC 1380	6944350	435300	32	40	8	25.59
MWAC 1382	6944350	435400	59	63	4	2.36
MWAC 1393	6944200	435950	66	85	19	3.46
MWAC 1396	6944175	435850	37	41	4	2.25
MWAC 1398	6944175	435950	57	77	20	1.44
MWAC 1401	6944150	435350	60	62	$\overline{2}$	12.55

Table 3 Summary of new Saprolite Zone Intersections. Moolart Well

All Intercepts calculated using a 0.5g/t lower cut, no upper cut, maximum 2m internal dilution Holes drilled at 270 grid azimuth, -60° dip. All assays determined by 1m fire assay

Saprolite Interpretation

A new interpretation of the saprolite zone mineralisation, below the mineralised laterite cap and above fresh rock, has been completed (see Figure 3). This zone ranges between 20 to 70 metres vertical depth, although these zone boundaries vary significantly across the Moolart Well prospect area.

The interpretation shows a series of mineralised trends developed over an area 4 km north-south and at least 1km east-west, underlying the laterite mineralisation. The mineralisation is not closed off to the north, south or at depth, and a number of zones are open to the west. The major trend of about 320 degrees persists to the base of the mineralisation and is likely to represent a primary mineralisation trend in the fresh rock beneath. Several conjugate sets bearing 045 degrees are also apparent. The dip on these mineralisation trends is variable, but not yet fully understood. The cores of these zones may have grades of several ounces to the tonne over 1 metre, or grades similar to MWAC 1380 (8m at 25.59 g/t gold) reported above.

A series of supergene effects also occur which form a variety of flatter lying mineralisation zones overprinting the primary mineralisation. At Blenheim in the north, a flat lying zone at approximately 70 metres vertical depth contains grades up to 5m at 5.71 g/t in hole MWAC 195. Elsewhere in the prospect area these flat-lying zones may be developed at vertical depths ranging from 30-70 metres.

6947600mN						E 38/348
	Blenheim
6947200mN
6946800mN		Halifax
						MLA 38/498
6946400mN		Mosquito
6946000mN
6945600mN
6945200mN				Wellington Lancaster North
6944800mN	Stirling					MLA 38/499
6944400mN				Lancaster		MLA 38/500
6944000mN
434000mN	434400mN 434800mN	435200mN	33	436000mM	436400mN 436800mN	437200mN
Legend	> 8 gm Saprolite Thickness x Grade 4 - 8 gm Saprolite Thickness x Grade		N		Regis Resources NL A.C.N. 009 174 761
1999	2 - 4 gm Saprolite Thickness x Grade 1 - 2 gm Saprolite Thickness x Grade			L Bowyer Comp.: 19/07/06 Date:		DUKETON GOLD PROJECT
		3.5Mtpa, A\$750/oz, shell intersection at 25m below surface		Melbourne Loc.:		Moolart Well Prospect
О ⊗ Ø	Diamond Drillhole RC Drillhole Aircore Drillhole RAB Drillhole	200	400 0 Metres	Scale: File: Saprolite_contours PlotSaprolite_Contours Figure:		Saprolite Zone Gold Contours 20m - 70m Vertical Depth Intersection Thickness x Grade (gm)

Primary Gold Mineralisation

The current review of drilling results has identified a series of primary mineralisation structures trending predominantly 320 degrees, parallel to trends observed in the saprolite zone. These primary zones are yet to be systematically tested and form key targets for the deeper diamond drilling program currently underway at Moolart Well. Regis intends to initially test these structures down to 200-300m depth.

Resource Status

Based on the new drilling results received during the quarter and the new interpretation of the saprolite mineralisation zones above, it is clear that the current unconstrained block resource model and the resource reported in January 2006 has captured only a portion of the saprolite mineralisation now indicated. This is especially apparent in the north of the deposit. A new resource model based on a geologically-constrained interpretation of the mineralisation is under construction and should be completed in September-October 2006.

Inclusion of the new drilling results and adoption of a new resource model is likely to result in a minor increase in the laterite resource, but a more significant increase in the saprolite resource down to the average base of drilling of 70 metres vertical depth. This is mainly likely to be due to the continuity of the saprolite mineralisation zones.

As a consequence of the drilling conducted during the quarter, the Lancaster-Lancaster North saprolite zone now extends continuously over 1.2km, and the Stirling zone continuously over 2 km strike, rather than the previous interpretation of unconnected resource blocks. These two zones are likely to contribute significantly to the new resource model.

		m	grade	gold	cut-off
	type	tonnes	g/t	koz	g/t	category	source
Moolart Well	laterite	9.0	1.48	428	0.5	ind+inf	Golder
	saprolite	8.7	2.07	580	0.8	inferred	Golder
lMoolart Well sub-total		17.7	1.77	1,008
IRosemont		14.7	1.72	815	0.5	ind+inf	GMS
Satellite Deposits
Dogbolter	ox+sulph	0.9	2.91	87	1.0	inferred	RSG
King John	ox+sulph	0.7	3.19	72	1.0	inferred	RSG
Baneygo	ox+sulph.	0.8	1.67	43	0.5	inferred	RSG
Erlistoun	ox+sulph	1.4	4.34	193	1.0	inferred	RSG
lRussells Find	ox+sulph	0.5	3.86	56	1.0	inferred	RSG
lReichelts Find	ox+sulph	0.1	3.69	17	1.0	indicated	RSG
Satellites Sub-Total		4.4	3.32	468
ITOTAL RESOURCES		36.8	1.94	2,291
IRRL equity	59.2%			1,327

Table 4 Resource Statement

Source: Golder = Golder Associates 2006; RSG=RSG Global 2002; GMS = Global Mining Services 2001

Pit Optimisation Studies

The pit optimisation results reported in April 2006 were based on the unconstrained block resource model, and only recovered a maximum of 694,000 oz of gold in Pit 3a at a gold price of A\$750/oz and throughput of 3.5 million tonnes per annum. Of this inventory, only 290,000 oz of the 580,000 oz saprolite resource was recovered.

Figure 3 illustrates the Pit 3a optimised shell outlines at the 515mRL, or at the top of the saprolite zone. Two moderate-sized pits are developed at Lancaster and Stirling, but only two small pits are developed in the northern 2.5 km of the deposit, at Wellington and Blenheim south. Based on the new saprolite interpretation, less than 30% of the saprolite mineralisation is captured in the run 3a optimised pit shells.

Upon completion of the new resource model Regis intends to conduct further pit optimisation studies on the Moolart Well deposit, expected to be completed in September-October 2006.

Metallurgy

During the quarter Regis completed the second phase of metallurgical testing on Moolart Well deposit laterite and saprolite ores, covering gravity-recoverable gold, combined gravity-CIP recoveries and leach characteristics, pulp viscosity measurements and gold species characterisation.

Composite samples of laterite and saprolite ore were examined by Ammtec Ltd for gold recoverable by gravity techniques. Repeated runs through a laboratory Falcon concentrator indicated up to 50% of the gold in the laterite sample and up to 81% of the gold in the saprolite sample was recovered to gravity concentrate. These results indicate an excellent gravity concentration response of both Moolart Well ore types.

Sample	Head Grade gold g/t	Falcon gravity con	Gravity-CN leach - 1 hr extraction $2$	Gravity-CN leach - 48 hr extraction 2
Laterite LZ1	2.56	49.8%	64.4%	97.0%
Saprolite LZ2	1.35	81.1%	80.6%	95.5%

Table 5. Moolart Well Stage 2 Metallurgical Results.

1 Samples P80 = 150pm; 2 Samples p80 = 106pm.

Combined Gravity and CIP Results

Both Moolart Well ore composites were ground to 80% passing 106um, previously determined as the optimum grind size for these ore types. Samples were first processed in a single pass through the Falcon concentrator, then subject to a 48 hour CN leach. In this configuration, gravity recoveries ranged from 12% for the laterite composite to 22.5% for the saprolite composite. The CN leach kinetics were significantly enhanced in both cases by the initial recovery of gravity gold, with between 50-100% increased gold recovery in the first hour of leach. This has major implications for elution efficiency of loaded carbon in a production scenario.

A laterite ore test pit to 8m depth has been designed, drilling control completed, and excavation of a 300 tonne bulk is expected in August 2006. This sample will provide ore crushing and grinding characteristics; grade reconciliation to grade control drilling simulation, laterite ore geology and gold distribution data. Further metallurgical testwork, including column leach tests are planned for the current quarter.

Site Development and Logistics

Early stage preparation for the development of the Duketon Gold project at the Moolart Well deposit site has commenced, with project aerial photography, preliminary site layout concepts including processing plant and waste dump sites; new camp site, potential airstrip sites: all-weather access options, potable water supply and baseline environmental surveys underway. Project consultants and contractor appointments are progressing, with key announcements expected shortly.

Heritage and Native Title

An archaeological survey over the potential open pit site at Moolart Well and an area to the east which could accommodate mining infrastructure has been conducted by Eureka Archaeological Research UWA. The survey has located four archaeological sites to the southeast of the Lancaster zone, none of which impact on the proposed open pit and associated infrastructure locations.

Gold Exploration Activities

During the quarter the majority of gold exploration activities outside of the Feasibility areas have centred on the north and southern extensions of the Moolart Well deposit within the Laverton Tectonic Zone. Exploration was conducted along the corridor extending north-west of the Moolart Well deposit, and at Burtville south of Laverton.

Moolart Well Corridor

Compilation of previous soil sampling and drilling results, and completion of new soil orientation sampling has identified a zone of gold mineralisation extending 12 km north-west from the Moolart Well deposit, hosted in a similar lithological sequence within the Laverton Tectonic Zone structural setting. Termed the Moolart Corridor, the zone has not been systematically explored. The Corridor contains areas of more significant gold mineralisation at Claypan Dam and at Double Dee, as well as mapped quartz diorite bodies. During the quarter exploration activities consisted of data compilation and soil sampling. Aircore and reverse circulation drilling is planned for the current quarter.

Duketon Regional

Drilling of 41 aircore holes for 1,436m was completed on E38/1199 at Burtville. Four metre composite samples were collected and assaved for gold and base metals. No significant results were received.

	EROSPECT FOLENO'S NOTOEROLES METRES
Burtville	RRAC109-149	436

Regional lag soil sampling has commenced over the central and southern parts of the Duketon holdings in order to more identify the gold-bearing systems. 5,667 samples for 259.1 line km of coverage have been collected and are summarised in the Table below. Results from these surveys have helped to more precisely define several goldbearing structures in the region. A number of Au or Au-As-Mo anomalies have been located in E38/1186 and E38/419 and will be followed up with more soil sampling and drill testing if warranted.

EROSE 301	Tenements	No samples	Line km
Mt Maiden	E38/1111,1186,1407,1408	1,855	85.3
Erlistoun	E38/1193,1345,1370,1371	1,483	68.2
Cox Find	E38/1282	349	16.1
Moolart Corridor	E38/419	665	30.6
Moolart Well	E38/348	604	27.8
	P38/2768,2950,3275,M38/943	258	11.9
German Well	E38/648	417	19.2
Collurabbie	E38/1104,1595,1596	36	orientation
Total		5,667	259.1

Table 6 Soil Sampling Summary

Nickel Exploration Activities

Collurabbie Region

The Collurabbie Project area comprises three principal ultramafic zones (western ultramafic zone, central ultramafic zone and eastern ultramafic zone) and two prominent mafic sills (Gidgee Sill and Acacia Sill) (see Figure 4). The ultramafic hosted Olympia Cu-Ni-PGE sulphide mineralisation, discovered by BHP Billiton Ltd 5km to the north of the joint venture partners' Collurabbie project area, is interpreted to lie within the northern extension of the western ultramafic zone. During the quarter exploration activities consisted of geochemical surveying and compilation. TEM surveying over all three ultramafic belts and follow-up aircore drilling of 2005 targets and new target areas of anomalous nickel-copper soil geochemistry.

Geochemical evaluation

An assessment of all previous exploration geochemical sampling over the Collurabbie block tenements was completed during the quarter. Approximately 75,000 soil, lag and drilling exploration samples collected over the last 40 years have been reviewed. Use of a multi-element discriminate analysis of the database has been able to highlight zones of potential Olympia-style Ni-Cu mineralisation in contrast to areas of nickel in laterite and occurrences of Archean Cu-Pb-Zn mineralisation in this deeply weathered terrain. Extension of the technique to downhole assays has been able to discriminate between the various types of ultramafic units in the region, such as komatiitic flows and pyroxenite sills, which is crucial to the exploration for these massive sulphide bodies. Three key target areas have emerged from this work. Caltra, Tasman and Fiver prospects. Two of these zones, Caltra and Fiver, have associated TEM conductor anomalies from the surveys completed in 2005. The anomalous geochemical zone at Tasman is defined over approximately 4km of strike.

TEM Surveying

Nearly 60 line km of TEM (transient electro-magnetic) surveying was completed over the Collurabbie block during the quarter, summarised in the table below. In the western zone, the 30km surveyed in-fills and completes the 186 line km survey conducted during 2005. The Tasman survey will extend the western zone survey across the previously announced anomalous nickel-copper soil zone further south. In the central zone, a short 6km survey over the Sligo prospect has been completed to further define the conductor anomaly prior to drilling (see below). In the eastern zone, the current surveying is located on the geochemically anomalous Caltra prospect which also has previously returned a TEM conductor anomaly. The TEM surveying program is ongoing and further results are expected in the current quarter.

Location	Km completed	$\partial_{\alpha}$ complete	Total survey kms
Western zone
Western zone
- Tasman area			112
Central zone		100
Eastern zone	23	35	66
Total	59	28	214

Table 7 TEM Survey Summary

An initial aircore drilling program over the key nickel-copper anomalous geochemical zones at Collurabbie has commenced and details are given in the table below. The drilling is designed to profile the Caltra and Tasman prospect areas, neither of which has been previously drilled. Results are awaited and positive air core results will be followed up promptly by deeper RC and or diamond drilling.

Table 8 Nickel Exploration - Aircore Drilling Summary

		OF HOLES
Caltra	CRAC884-913	30	563
Tasman	:RAC914-958	45	74
ˈotal		75	.810

Duketon Central Region

At Gilga Well in the Duketon Central - Rosemont area a TEM survey, designed to search for massive nickel-sulphide conductors is underway. The Gilga Well prospect is located within an extensive ultramafic sequence which hosts the Camp Oven nickel occurrence previously reported by Independence Group Ltd further to the northwest. Results of the survey are expected in the current quarter and will be followed up by drill testina.

Llocation	$K_{\rm{m}}$ completed complete	Total survey
Gilga Well

Laverton-Leonora Gold Projects

Copper Well Joint Venture (Regis earning 85% and manager)

The Copper Well Project consists of joint venture tenements between Regis, Mark Creasy and others as well as Regis holding up to 100% equity in a number of other tenements. Regis can increase its interest in the Creasy tenements to 85%. A total of 13 aircore holes for 1.317m were drilled on E38/383 at Salt Well Leonora to test for gold mineralisation in a strongly sheared pyritic (1 to 2%) quartz and plagioclasephyric dacite and basalt sequence. Results are awaited.

DROSPECT	EXAMPLE NO'S NO OF HOLFS I N	and the second property of the second
Well Sall	- 146 311 3.41 4

Melita Joint Venture (Regis earning 70% and manager)

The Melita Project is a joint venture between Regis and Great Gold Mines NL whereby Regis is earning a 70% equity in the licence areas. No field work was undertaken during the quarter.

The technical information in this report has been reviewed and approved by Mr D Walker who is a member of the Australasian Institute of Mining and Metallurgy and has more than 20 years experience in the industry.

Attached is a copy of the Company's Mining Exploration Entity Quarterly report in accordance with Listing Rule 5.3.

DA WALKER Managing Director 26 July 2006

Appendix 5B

$Rule 5.3$

Mining exploration entity quarterly report

Introduced 1/7/96. Origin: Appendix 8. Amended 1/7/97, 1/7/98, 30/9/2001.

Name of entity

REGIS RESOURCES N.L.

ABN

28 009 174 761

Quarter ended ("current quarter") 30 June 2006

Consolidated statement of cash flows

			Current quarter	YTD
	Cash flows related to operating activities		\$A'000	(12 Months)
				\$A'000
1.1		Receipts from product sales and related debtors	w
1.2	Payments for	(a) exploration and evaluation	(548)	(1, 416)
		(b) development
		(c) production
		(d) administration	(302)	(1, 235)
1.3	Dividends received
1.4		Interest and other items of a similar nature received	63	123
1.5	Interest and other costs of finance paid
1.6	Income taxes paid
1.7	Other (provide details if material)		14	1
	Net Operating Cash Flows		(773)	(2,527)
	Cash flows related to investing activities
1.8	Payment for purchases of:	(a) prospects
		(b) equity investments
		(c) other fixed assets	(86)	(251)
1.9	Proceeds from sale of:
		(a) prospects (b) equity investments		3
		(c) other fixed assets
1.10	Loans to other entities
1.11	Loans repaid by other entities
1.12		Other (provide details if material) See attached	(27)	(5,253)
	Net investing cash flows		(113)	(5,501)
1.13	forward)	Total Operating and investing cash flows (carried	(886)	(8,028)

⁺ See chapter 19 for defined terms.

Appendix 5B Mining exploration entity quarterly report

1.13	Total operating and investing cash flows (brought forward)	(886)	(8,028)
	Cash flows related to financing activities
1.14	Proceeds from issues of shares, options, etc. (NET)	72.	10.388
1.15	Proceeds from sale of forfeited shares
1.16	Proceeds from borrowings
1.17	Repayment of borrowings
1.18	Dividends paid
1.19	Other (provide details if material)
	Net financing cash flows	72	10,388
	Net increase (decrease) in cash held	(814)	2,360
1.20	Cash at beginning of quarter/year to date	5,265	2,091
1.21	Exchange rate adjustments to item 1.20
1.22	Cash at end of quarter	4,451	4,451

Payments to directors of the entity and associates of the directors Payments to related entities of the entity and associates of the related entities

1.23	Aggregate amount of payments to the parties included in item 1.2

Current quarter \$A'000
142

• 1.24 Aggregate amount of loans to the parties included in item 1.10
• 1.25 Explanation necessary for an understanding of the transactions

Non-cash financing and investing activities

Details of financing and investing transactions which have had a material effect on consolidated assets and $2.1$ liabilities but did not involve cash flows

$2.2$ Details of outlays made by other entities to establish or increase their share in projects in which the reporting entity has an interest

$+$ See chapter 19 for defined terms.

Financing facilities available

Add notes as necessary for an understanding of the position.

		Amount available \$A'000	Amount used \$A'000
3.1	Loan facilities
3.2	Credit standby arrangements

Estimated cash outflows for next quarter

	Total	3,500
4.2	Development	$\mathbf{r}$
4.1	Exploration and evaluation	3,500
		\$A'000

Reconciliation of cash

Reconciliation of cash at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts is as follows.	Current quarter \$A'000	Previous quarter \$A'000
5.1 Cash on hand and at bank	4,434	5,253
5.2 Deposits at call	17	12
5.3 Bank overdraft
5.4 Other (provide details)
Total: cash at end of quarter (item 1.22)	4.451	5,265

Changes in interests in mining tenements

		Tenement reference	Nature of interest (note(2))	Interest at beginning of quarter	Interest at end of quarter
6.1	Interests in mining tenements relinquished, reduced or lapsed		See attached
6.2	Interests in mining tenements acquired or increased		See attached

Issued and quoted securities at end of current quarter

⁺ See chapter 19 for defined terms.

Appendix 5B Mining exploration entity quarterly report

	Description includes rate of interest and any redemption or conversion rights together with prices and dates.

	moon ihaan saanoo sato os sitoidat attin atti sanaasianos or norsinataan sidsta tadastas ikku instrum ann natoa
		Total number	Number quoted	Issue price per security (see note $3)$ (cents)	Amount paid up per security (see note 3) (cents)
7.1	Preference
	*securities (description)
7.2	Changes during quarter
	(a) Increases through issues (b) Decreases
	through returns of capital, buy-backs, redemptions
7.3	+Ordinary securities	693,743,393	693,743,393
7.4	Changes during quarter			See additional	See additional
	(a) Increases through issues (b) Decreases	1,450,000	1,450,000	information attached - Item 7.4	information attached - Item 7.4
	through returns of capital, buy-backs
7.5	*Convertible debt securities (description)
7.6	Changes during quarter
	(a) Increases through issues
	(b) Decreases through securities matured, converted.
7.7	Options			Exercise price	Expiry date
	(description and	95,268,936	95,268,936	\$0.05	31 January 2014
	conversion factor)	25,736,079	25,736,079	\$0.20	30 April, 2012
		38,970,230	38,970,230	\$0.10	30 October, 2012
		14,150,000		\$0.12	28 November 2010
7.8	Issued during quarter
7.9	Exercised during quarter	1,450,000	1,450,000	Exercise price \$0.05
7.10	Expired during quarter
7.11	Debentures (totals only)
7.12	Unsecured notes (totals only)

Compliance statement

⁺ See chapter 19 for defined terms.

• $\mathbf{I}$ This statement has been prepared under accounting policies which comply with accounting standards as defined in the Corporations Law or other standards acceptable to ASX (see note 4).
• $\overline{2}$ This statement does give a true and fair view of the matters disclosed.

Sign here:

(Company Secretary)

Date: 26 July 2006

Print name: Peter J. Lee

Notes

• $\mathbf{I}$ The quarterly report provides a basis for informing the market how the entity's activities have been financed for the past quarter and the effect on its cash position. An entity wanting to disclose additional information is encouraged to do so, in a note or notes attached to this report.
• $\overline{2}$ The "Nature of interest" (items 6.1 and 6.2) includes options in respect of interests in mining tenements acquired, exercised or lapsed during the reporting period. If the entity is involved in a joint venture agreement and there are conditions precedent which will change its percentage interest in a mining tenement, it should disclose the change of percentage interest and conditions precedent in the list required for items 6.1 and 6.2.
• $\overline{3}$ Issued and quoted securities The issue price and amount paid up is not required in items 7.1 and 7.3 for fully paid securities.
• 4 The Appendix 5B has been prepared in accordance with Australian equivalents to international financial reporting standards, subject to any disclosure reclassifications that may be required for statutory accounting presentations under these standards.
• 5 Accounting Standards ASX will accept, for example, the use of International Accounting Standards for foreign entities. If the standards used do not address a topic, the Australian standard on that topic (if any) must be complied with.

⁺ See chapter 19 for defined terms.

MINING EXPLORATION ENTITY OUARTERLY REPORT

REGIS RESOURCES N.L. ABN 28 009 174 761 For Ouarter Ended 30.6.2006 (referred to in this Statement as the "Current Quarter")

ADDITIONAL INFORMATION

Item 1.12 Cash flows related to investing activities - Other

Payments to joint venture partners of \$Nil (YTD: \$4,502,000) being the Company's share of exploration expenditure: \$Nil (YTD: \$60,000) being term deposits placed with banks as security for rental guarantees; \$27,000 (YTD: \$306,000) being transaction costs relating the acquisition of a 49% interest in Newmont Duketon Pty Ltd, and \$Nil (YTD: \$385,000) being cash placed on deposit with Newmont to cover the Company's increased effective share of environmental guarantees.

Item 7.4 Ordinary Securities

During the quarter the Company issued 1,450,000 shares following the exercise of 1,450,000 options with an exercise price of \$0.05 per option.

Item 7.7 Options

Listed

$25,736,079$ options maturing April 30, 2012 at an exercise price of \$0.20 per option. The options are exercisable any time after January 1, 2002. Each option will convert to one fully paid ordinary share.

38,970,230 options maturing October 30, 2012 at an exercise price of \$0.10 per option. The options are exercisable any time after 1 July 2003. Each option will convert to one fully paid ordinary share.

95,268,936 options maturing January 31, 2014 at an exercise price of \$0.05 per option. The options are exercisable any time. Each option will convert to one fully paid ordinary share. 1,450,000 \$0.05 options were exercised during the current quarter.

Unlisted

14,150,000 options expiring 28 November, 2010, issued under the 2005 Employee Share Option Plan, with an exercise price of 12 cents per option. Upon exercise, each option will convert to one fully paid ordinary share. These options cannot be exercised until after 28 November 2007. For each participant 50% of the options are only exercisable if the share price increases to 15 cents and the balance are only exercisable if the share price increases to 18 cents.

⁺ See chapter 19 for defined terms.

REGIS RESOURCES N.L.

ACN 009 174 761

CHANGES IN INTERESTS IN MINING TENEMENTS

6.1 Interests in mining
tenements relinquished,
reduced or lapsed

Tenement reference	Nature of Interest (note(2))	Interest at beginning of quarter	Interest at end of quarter
KOWTAH
P 39/4070	Surrendered	0.00%	$0.00\%$
P 39/4071	Surrendered	0.00%	$0.00\%$
P 39/4072	Surrendered	0.00%	0.00%
P 39/4073	Surrendered	0.00%	0.00%
P 39/4074	Surrendered	0.00%	$0.00\%$
P 39/4075	Surrendered	0.00%	0.00%
P 39/4076	Surrendered	0.00%	0.00%
P 39/4077	Surrendered	0.00%	0.00%
P 39/4078	Surrendered	0.00%	0.00%
P 39/4079	Surrendered	$0.00\%$	$0.00\%$
WELCOME WELL
P 37/6158	Surrendered	0.00%	$0.00\%$
P 37/6159	Surrendered	$0.00\%$	$0.00\%$
P 37/6160	Surrendered	$0.00\%$	0.00%
P 37/6161	Surrendered	0.00%	$0.00\%$
P 37/6162	Surrendered	0.00%	0.00%
P 37/6163	Surrendered	0.00%	0.00%
P 37/6164	Surrendered	0.00%	0.00%
P 37/6165	Surrendered	0.00%	0.00%
P 37/6166	Surrendered	$0.00\%$	$0.00\%$
P 37/6167	Surrendered	0.00%	0.00%
P 37/6168	Surrendered	0.00%	0.00%
P 37/6169	Surrendered	0.00%	0.00%
P 37/6170	Surrendered	0.00%	0.00%
P 37/6171	Surrendered	0.00%	0.00%
P 37/6172	Surrendered	$0.00\%$	$0.00\%$
P 37/6173	Surrendered	0.00%	0.00%
P 37/6174	Surrendered	$0.00\%$	$0.00\%$
P 37/6175	Surrendered	0.00%	0.00%
P 37/6176	Surrendered	0.00%	0.00%

REGIS RESOURCES N.L.

ACN 009 174 761

CHANGES IN INTERESTS IN MINING TENEMENTS

6.1 Interests in mining
tenements relinquished,
reduced or lapsed

Tenement reference	Nature of Interest (note(2))	Interest at beginning of quarter	Interest at end of quarter
P 37/6177	Surrendered	0.00%	0.00%
P 37/6178	Surrendered	$0.00\%$	$0.00\%$
P 37/6179	Surrendered	$0.00\%$	$0.00\%$
P 37/6180	Surrendered	$0.00\%$	$0.00\%$
P 37/6181	Surrendered	$0.00\%$	$0.00\%$
P 37/6182	Surrendered	$0.00\%$	$0.00\%$
P 37/6183	Surrendered	$0.00\%$	0.00%
P 37/6184	Surrendered	0.00%	$0.00\%$
P 37/6190	Surrendered	0.00%	$0.00\%$
P37/6191	Surrendered	0.00%	$0.00\%$
P 37/6192	Surrendered	0.00%	0.00%
P 37/6193	Surrendered	0.00%	0.00%
P 37/6194	Surrendered	0.00%	0.00%
P 37/6195	Surrendered	$0.00\%$	$0.00\%$
P37/6196	Surrendered	0.00%	$0.00\%$
P 37/6197	Surrendered	0.00%	$0.00\%$

REGIS RESOURCES N.L.

ACN 009 174 761

CHANGES IN INTERESTS IN MINING TENEMENTS

6.2 Interests in mining
tenements aquired or
increased.

Tenement reference	Nature of Interest (note(2))	Interest at beginning of quarter	Interest at end of quarter
ANGUS
E 38/1238	Granted	0.00%	59.20%
CAMEL HUMP
E 38/1133	Granted	0.00%	100.00%
E 38/1260	Granted	0.00%	100.00%