REGIS RESOURCES LIMITED — Interim / Quarterly Report 2008

Oct 29, 2007

==> picture [80 x 18] intentionally omitted <==

==> picture [80 x 17] intentionally omitted <==

==> picture [80 x 17] intentionally omitted <==

REPORT FOR THE QUARTER ENDED 30 SEPTEMBER 2007

HIGHLIGHTS

DUKETON GOLD PROJECT DEVELOPMENT

• Moolart Well resource update received. Key points are:

• Moolart Well resource increased to 1.564 million ounces of gold;

• Moolart Well Indicated Resources increased to 686,000 ounces of gold;

• Total Duketon Gold Project resources increased to 2.846 million ounces.

• Significant new intersections at the Erlistoun satellite deposit include:

• 8m at 3.65 g/t gold from 47m in hole ERLRC041;

• 15m at 3.75 g/t gold from 75m in hole ERLRC055;

• 4m at 10.54 g/t gold from 72m in hole ERLRC022.

• Initial metallurgical testwork completed on Moolart Well ores;

• Sterilisation drilling commenced over proposed infrastructure sites;

• Process water supply borefield exploratory drilling commenced;

• Environmental referral document lodged with the Western Australian EPA.

GOLD EXPLORATION

• Petra prospect stage 2 infill drilling completed, assays awaited;

• Soil sampling commenced at the Melita Joint Venture properties.

NICKEL EXPLORATION

• Significant geochemical drilling results from Collurabbie include:

• 3m at 2.02% nickel from 40m in hole CRAC1363 at the Beltra prospect;

• 2m at 1.81% nickel from 75m in hole CRAC1377 at the Beltra prospect;

• 11m at 0.72% nickel from 13m in hole CRAC1632 at the Tasman prospect.

• 50.9km of TEM surveying completed over nickel prospect areas.

CORPORATE

• Newmont Equity Participation Right over the Duketon Gold Project area expired;

• • $2.7 million raised from existing and new investors.

Report for the Quarter Ended 30 September 2007

Regis Resources NL

Page 1

REPORT FOR THE QUARTER ENDED 30 SEPTEMBER 2007

INTRODUCTION

Regis Resources NL (“Regis”, ASX:RRL) is an Australian minerals explorer with extensive landholdings in the Eastern Goldfields of Western Australia. The most significant of these are the Duketon Gold Project and the Collurabbie Nickel Project north of Laverton. Regis also has tenement holdings in the Leonora-Laverton area.

Duketon Gold Project Feasibility Study

Moolart Well Deposit

Geology and Resource Definition

During the quarter 158 holes for a total of 13,044 metres were completed at the Moolart Well gold deposit and associated water exploration areas (Table 1). The drilling was aimed at providing further stratigraphic, structural and metallurgical information for the deposit, and sterilisation drilling for proposed infrastructure sites.

Table 1. Moolart Well – Drilling Summary September Quarter 2007

PROPERTY	TYPE	HOLE NOS	NO HOLES	METRES
Moolart Well	aircore	MWAC2296-2356	61	3,394
	RC	MWRC257-295	39	5,601
	diamond	MWDD068-092	25	1,775
Water exploration	aircore	Various	33	2,274
TOTAL			158	13,044

Moolart Well Resource Update

During the quarter independent consultant Golder Associates Pty Ltd completed a resource update for the Company’s 100% owned Moolart Well gold deposit. The resource calculation includes a complete reassessment of all drilling, sampling and survey data since the commencement of project, a detailed QAQC (Quality Assurance Quality Control) review and includes all drilling completed up to July 2007.

The updated Moolart Well gold resource is presented in Table 2 below. The Moolart Well resource has increased to 1.564 million ounces and total resources for the Duketon Gold Project have increased to 2.846 million ounces of gold in all categories. Significantly, 686 koz above a 0.5g/t cut-off grade are now classified as Inferred Resource at Moolart Well, sufficient to consider an initial mine design for the project.

The resource model was based on 25m (north-south) x 12.5m (east-west) x 5m (vertical) blocks. The laterite resource was calculated by constrained ordinary kriging and the oxide resource by indicator kriging within a 0.1g/t outline. The influence of high grade assays in all zones was reduced by adjusting block weighting parameters.

The Laterite Zone resource contains 462 koz above a 0.5g/t cut-off grade down to approximately 20m vertical depth and is all classified within the Indicated category. The laterite mineralisation in the Boston area to the north has not yet been calculated, and is expected to be added to the inventory shortly. Further evaluation of the laterite grade variography is currently underway and should allow re-classification of a significant proportion of the laterite resource into the Measured category shortly. Significantly higher

Report for Quarter Ended 30 September 2007

Regis Resources NL

Page 2

REPORT FOR THE QUARTER ENDED 30 SEPTEMBER 2007

grade zones in several locations within the laterite resource sheet (up to 11m at 6.4 g/t gold at Lancaster) allow maximisation of early project cashflow scheduling through the priority mining of these areas.

Table 2 Regis Resources NL Resource Statement

	Indicated	Indicated	Indicated	Inferred	Inferred	Inferred	Total Resources	Total Resources	Total Resources	cut-off grade g/t	source
	million tonnes	grade g/t	gold koz	million tonnes	grade g/t	gold koz	million tonnes	grade g/t	gold koz
Moolart Well Laterite Oxide Sulphide Low grade	10.3 4.8 8.3	1.39 1.44 0.38	462 224 103	11.0 1.5 22.0	1.10 1.53 0.44	387 73 315	10.3 15.8 1.5 30.3	1.39 1.20 1.53 0.43	462 611 73 417	0.5 0.5 1.0 0.3	Golder Golder Golder Golder
Moolart sub-total	23.5	1.05	789	34.5	0.70	775	57.9	0.84	1,564
Satellite Deposits Rosemont Dogbolter King John Baneygo Erlistoun Russells Find Reichelts Find	0.1	3.69	17	14.7 0.9 0.7 0.8 1.4 0.4	1.72 2.91 3.18 1.70 4.34 3.84	815 87 72 43 193 55	14.7 0.9 0.7 0.8 1.4 0.4 0.1	1.72 2.91 3.18 1.70 4.34 3.84 3.69	815 87 72 43 193 55 17	1.0 1.0 1.0 0.5 1.0 1.0 1.0	GMS RSG RSG RSG RSG RSG RSG
Satellites sub-total	0.1	3.69	17	19.0	2.07	1,265	19.1	2.08	1,282
TOTAL RESOURCE	23.6	1.06	805	53.5	1.19	2,040	77.1	1.15	2,846
RRL equity									2,798

Source: Golder = Golder Associates 2006, 2007; RSG=RSG Global 2002; GMS = Global Mining Services 2001 Moolart Well resource drilling up to July 2007 Equity position as at 30 June 2007

The Oxide Zone resource contains 611 koz above a 0.5g/t cut-off grade. Infill drilling on 50m x 25m centres in the southern area has significantly increased the continuity of lode systems and consequently converted 35% of the resource into the Indicated category, mainly from the southern Lancaster and Stirling areas. Further infill drilling in the northern part of the deposit is expected to significantly increase lode continuity, overall resources and resource grade as the influence of high grade intersections increases.

A small Sulphide Zone resource has been calculated extending from the base of weathering to approx. 90m vertical depth on a lode system in a part of the Stirling Central area. This particular target was drilled to establish general structure and continuity of the lodes in the area.

The effect of different cut-off grades on the Moolart Well resource is indicated in Table 3. Further resource additions at Moolart Well are expected to come from continuing infill drilling in the northern areas, and from expansion of the sulphide zone drilling at depth.

Table 3. Effect of Cut-off grade on Moolart Well Resource

Cut-off grade g/t	Tonnes million	Grade g/t	Gold koz
0.3	57.92	0.84	1,564
0.5	32.07	1.21	1,245
0.8	18.03	1.62	978

NB combined laterite, oxide and sulphide resources Includes indicated, inferred and low grade resources

Report for Quarter Ended 30 September 2007

Regis Resources NL

Page 3

REPORT FOR THE QUARTER ENDED 30 SEPTEMBER 2007

Erlistoun Satellite Deposit - Gold Resource drilling

Drilling during the quarter 59 RC holes for a total of 6,958 metres were completed on an 80m x 40m infill grid to upgrade the Inferred resource at the Erlistoun gold deposit. Erlistoun is one of seven regional satellite resources located 40km to the south of the main Moolart Well deposit.

Table 4. Erlistoun – Resource Drilling Summary.

PROPERTY	TYPE	HOLE NOS	NO HOLES	METRES
Erlistoun	RC	ERLRC016-074	59	6,958

Significant intersections are summarised in Table 5 below. These results have increased the continuity of the mineralisation in the main lode, and confirmed the presence of parallel lodes both above and below the main structure. Resource modelling is underway and further infill drilling is planned.

Table 5 Summary of new RC intersections, Erlistoun Deposit.

Hole No	Northing	Easting	From	To	Int	Gold
	mN	mE	m	m	m	g/t
ERLRC015	6905164	434845	60	67	7	3.40
ERLRC015	6905240	434780	91	94	3	9.83
ERLRC019	6905240	434780	47	57	10	3.36
ERLRC022	6905080	434763	72	76	4	10.54
ERLRC026	6905120	434815	51	57	6	3.13
ERLRC026	6905120	434815	60	65	5	8.49
ERLRC041	6905961	434841	47	55	8	3.65
ERLRC047	6906039	434809	78	85	7	2.28
ERLRC050	6906283	434842	97	101	4	9.59
ERLRC055	6905082	434812	75	90	15	3.75
ERLRC060	6905320	434678	115	128	13	3.50
ERLRC072	6905560	434765	67	75	8	3.97

All Intercepts calculated using a 0.5g/t lower cut, no upper cut, maximum 2m internal dilution Holes drilled at -60˚ dip. All assays determined by fire or screen-fire assay

Metallurgy

The metallurgical testwork program for Moolart Well ores has been completed by consultants Ammtec Ltd. This program covered ore comminution and gold extraction testwork and related materials handling properties for the Moolart Well laterite and oxide ores. Further detailed testwork is planned to further determine optimum grinding conditions for all ore types.

Infrastructure

With the finalisation of project infrastructure locations following archaeological clearance a sterilisation drilling programme has commenced at the Moolart Well site.

Report for Quarter Ended 30 September 2007

Regis Resources NL

Page 4

REPORT FOR THE QUARTER ENDED 30 SEPTEMBER 2007

==> picture [429 x 292] intentionally omitted <==

Fig 1 Proposed gold processing plant layout, Moolart Well site.

Following a geophysical survey to explore for potential acquifers, initial exploratory drilling of a possible borefield for process water supply to the Moolart Well plant has commenced.

Environmental

An Environmental Referral Document covering the Duketon Gold Project was lodged with the Western Australian Environmental Protection Agency (EPA) subsequent to the end of the quarter. This document commences the environmental permitting process for the project, and contains project development parameters and site designs, and includes significant regional and local site specific environmental surveys.

The submission envisages a project based on 2.5-3.5 million tonnes per annum of ore over an initial life of six-seven years, based on a resource inventory of 1.353 million ounces of gold summarised in Table 6.

Table 6. Initial Duketon Gold Project Resources

Deposit	Tonnes million	Grade g/t	Gold koz
Moolart Well	26.1	1.28	1,073
Erlistoun	1.4	4.34	193
Dogbolter	0.9	2.91	87
**Total **	28.4	1.48	1,353
NB includes indicated and inferred resou			rces

Report for Quarter Ended 30 September 2007

Regis Resources NL

Page 5

REPORT FOR THE QUARTER ENDED 30 SEPTEMBER 2007

Gold Exploration

During the quarter gold exploration activities outside of the Duketon Gold Project areas centred on Petra area in the Duketon Central region, all within close proximity to the Moolart Well deposit.

Petra E38/1111

During the quarter 22 holes for 1,633 m were drilled at the Petra prospect to complete a second infill drilling program to follow up on encouraging gold mineralisation results received in the last quarter. Complete assay results are awaited and detailed modelling of the mineralisation is underway.

Nickel Exploration

During the quarter nickel exploration activities consisted of mainly aircore geochemical drilling in the Western Ultramafic Zone at Collurabbie and further transient electromagnetic (TEM) surveying over several locations in the Central and Southern Ultramafic Zones in the Collurabbie area (see Fig 2 below).

Table 7. Nickel Exploration Drilling Summary September Quarter 2007

**PROSPECT **	TYPE	HOLE NOS	NO HOLES	METRES
Collurabbie	diamond	CRDD008	1	491
Collurabbie	aircore	CRAC1416-1812	397	24,406
TOTAL			398	24,897

Beltra Prospect

Geochemical drilling to the base of weathering (up to 100m depth) in the Beltra and Tasman prospect areas of the Western Ultramafic Zone at Collurabbie has returned significant results summarised in Table 8 below. These results further define the Belta anomalous nickel zone which appears to be hosted by both ultramafic and mafic units. Deep drill testing of targets below the base of weathering is being planned, and is expected to commence shortly.

Table 8 Collurabbie – Beltra Prospect significant drilling results

Hole	Northing	Easting	From	To	Int	Ni	Cu	Zn	Pt+Pd
	mN	mE	m	m	m	%	ppm	ppm	ppb
CRAC1313 incl	7019150	422875	35 48	59 49	24 1	0.69	249	343	115
CRAC1320	7017250	423125	48 47 54	52 48 56	4 1 2	0.88 0.91	345 130	688 596	50
CRAC1324 incl	7016900	423350	23 25	27 27	4 2	0.70	556	386	75
CRAC1325	7016900	423250	41	47	6	1.42	86	629
CRAC1330	7016450	423350	33	40	7	1.46	20	377
CRAC1361 incl	7018600	423000	44 45	52 47	8 2	1.18	39	401	75
CRAC1363 incl incl	7018600	422900	36 40 47	48 43 48	12 3 1	1.56 2.02	74 77	512 621	90

Report for Quarter Ended 30 September 2007

Regis Resources NL

Page 6

REPORT FOR THE QUARTER ENDED 30 SEPTEMBER 2007

CRAC1377 incl incl	7016700	423350	33 48 42 56	38 67 53 58	5 19 11 2	0.47 1.36 1.81	614 55 42	140 4831 639	86
CRAC1411	7014300	423575	46	61	15	1.03	23	588
CRAC1413	7014300	423450	73	76	3	0.53	0.17%	627
CRAC1424	7013600	423550	44	49	5	1.10	202	577
CRAC1456	7011990	423100	28	50	22	1.07	165	265
CRAC1457	7011995	423075	28	57	29	0.91	209	271
CRAC1465	7011400	422950	35	49	14	1.21	291	471
CRAC1480	7010750	422650	52	68	16	0.46	0.13%	177
CRAC1528	7007900	421050	32	76	44	0.78	41	295
CRAC1553	7005930	419750	40	48	8	0.43	.019%	142

All holes drilled at -60 deg dip, 090 deg azimuth, 1 includes 49-53m, 4m at 4.25% Cr2O3

Tasman Prospect

At the Tasman prospect in the southern portion of the Western Ultramafic Zone further significant geochemical drilling results are summarised in Table 9 below. These results have defined a number of nickel-copper zones in association with the mapped ultramafic-mafic stratigraphy. Further drilling, including deep drill testing below the base of weathering is propsed.

Table 9 Collurabbie – Tasman Prospect significant drilling results

Hole	Northing	Easting	From	To	Int	Ni	Cu	Zn	Pt+Pd
	mN	mE	m	m	m	%	ppm	ppm	ppb
CRAC1632	6996600	419550	13	24	11	0.72	782	345
CRAC1720	6993600	419600	36	40	4	0.45	0.10%	204
CRAC1756	6997970	419250	12	16	4	0.32	0.10%	144

All holes drilled at -60 deg dip, 090 deg azimuth

Mocha Nickel Prospect (Regis 100%)

Diamond drillhole CRDD007 at the Mocha prospect tested a strong TEM anomaly in an isolated position. The hole intersected a diorite-pyroxenite sequence containing 153m of sulphides including 17.6m of massive sulphides, and cumulate-textured pyroxenitesmagnetite rocks with sulphide matrix. This rock sequence is highly prospective for nickelcopper-platinum group element mineralisation, unrelated nickel deposits elsewhere in the Archaean of Western Australia. Summary results are presented in Table 9 below, where extensive thicknesses of iron contained within magnetite and within iron-sulphudes were intersected. No significant nickel, copper or platinum group elements were detected but a significant intersection of 123m at 35% Fe (iron) was returned. Further investigation of these zones and the surrounding sequence is underway.

Table 10 Mocha Prospect Diamond Hole DDH007 – summary results.

Hole	From	To	Int	Rock unit	Fe	Mn
	m	m	m		%	%
DDH007	137.3	165.1	27.8	sulphide zone	47.0
DDH007 incl. incl	167.0 167.0 197.0	290.6 172.0 202.0	123.6 5.0 5.0	magnetite zone	35.0	3.67 3.04

Report for Quarter Ended 30 September 2007

Regis Resources NL

Page 7

REPORT FOR THE QUARTER ENDED 30 SEPTEMBER 2007

==> picture [429 x 108] intentionally omitted <==

==> picture [429 x 108] intentionally omitted <==

==> picture [429 x 108] intentionally omitted <==

==> picture [429 x 107] intentionally omitted <==

==> picture [429 x 108] intentionally omitted <==

Fig 2. Collurabbie region, Nickel prospects.

Batavia Nickel Prospect (Regis 100%)

Diamond drillhole CRDD008 was drilled at the Batavia prospect to test a strong TEM anomaly similar to the Mocha prospect above. The hole also intersected a diorite-pyroxenite sequence containing 112m of disseminated sulphides including 67.2m of massive and matrix sulphides in four zones, and similar pyroxenites-magnetite rocks to the Mocha body. No

Report for Quarter Ended 30 September 2007

Regis Resources NL

Page 8

REPORT FOR THE QUARTER ENDED 30 SEPTEMBER 2007

economic mineralisation has been detected in preliminary assays, and further analytical work in underway to fully explore the body.

Table 11 Batavia Prospect Diamond Hole DDH008 – summary results.

From	To	Int	Description
m	m	m
198.5	458.7	112.47	disseminated sulphides
210.6 357.0 391.4 452.8	211.0 360.2 452.1 455.7	0.4 3.2 60.7 2.9	massive and matrix sulphide zone massive sulphide zone massive sulphide zone massive sulphide zone

Regional TEM Surveying

A further 50.9 line km of ground Transient Electromagnetic surveying (TEM) was completed on prospects within the Central and Southern Ultramafic Zones at Collurabbie, and at Moolart North. This coverage adds to previous surveying in the area. The TEM surveying is continuing and results are awaited.

Laverton-Leonora Exploration Projects

Copper Well Joint Venture (Regis 100-85%, manager)

No field work was undertaken during the quarter.

Melita Joint Venture (Regis earning 70% and manager)

A preliminary soil sampling program comprising 4,283 samples was completed over nine Melita JV tenements during the quarter. Results are awaited.

Corporate

Expiry of Newmont Equity Participation Rights

On 21 September 2007 Equity Participation Rights held by Newmont Australia Ltd over the Duketon Gold Project feasibility area, comprising the Moolart Well gold deposit, related satellite deposits and areas required for associated infrastructure expired. Newmont retains Equity Participation Rights for gold over the remainder of the former Duketon joint venture tenements. There are no Equity Participation Rights in respect of nickel, copper or platinum group mineralisation.

Capital Raising

Regis completed a raising of $2.7 million of new capital during the quarter. The funds were raised from existing and new institutional and professional investors. The funds from the issue will be used for working capital purposes, to fund the feasibility study for the Duketon Gold Project including orders on long-lead items for the proposed Moolart Well gold processing facility, and to fund current gold and nickel exploration programmes including deep diamond drilling at Moolart Well and Collurabbie in the Eastern Goldfields of Western Australia.

Report for Quarter Ended 30 September 2007

Regis Resources NL

Page 9

REPORT FOR THE QUARTER ENDED 30 SEPTEMBER 2007

The mineral resource statement in this report has been compiled in accordance with the guidelines defined in the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (The JORC Code, 2004 Edition).

In regard to the Moolart Well resource, Mr Stephen Godfrey is a member of the Australasian Institute of Mining and has sufficient experience relevant to the style of mineralisation and the type of deposit under consideration and to the activity undertaken to qualify as a Competent Person as defined in the 2004 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (The JORC Code, 2004 Edition).

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.

==> picture [124 x 32] intentionally omitted <==

DA WALKER Managing Director 30 October 2007

Report for Quarter Ended 30 September 2007

Regis Resources NL

Page 10

REPORT FOR THE QUARTER ENDED 30 SEPTEMBER 2007

==> picture [426 x 600] intentionally omitted <==

Fig 3 Regis tenement holdings, Eastern Goldfields Region, Western Australia.

Report for Quarter Ended 30 September 2007

Regis Resources NL

Page 11

Appendix 5B Mining exploration entity quarterly report

Rule 5.3

Appendix 5B

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”)
28 009 174 761	30 September 2007

Consolidated statement of cash flows

Cash flows related to operating activities 1.1 Receipts from product sales and related debtors 1.2 Payments for (a) exploration and evaluation (b) development (c) production (d) administration 1.3 Dividends received 1.4 Interest and other items of a similar nature received 1.5 Interest and other costs of finance paid 1.6 Income taxes paid 1.7 Other (provide details if material) Net Operating Cash Flows	Current quarter $A’000	YTD (3 Months) $A’000
	- (3,610) - - (264) - 26 (27) - (152)	- (3,610) - - (260) - 22 (27) - (152)
	(4,027)	(4,027)
Cash flows related to investing activities 1.8 Payment for purchases of: (a) prospects (b) equity investments (c) other fixed assets 1.9 Proceeds from sale of: (a) prospects (b) equity investments (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 Net investing cash flows 1.13 Total Operating and investing cash flows (carried forward)	- - (180) - - - - - (466)	- - (180) - - - - - (466)
	(646)	(646)
	(4,673)	(4,673)

• See chapter 19 for defined terms.

Appendix 5B Page 1

30/10/2007*

Appendix 5B Mining exploration entity quarterly report

1.13 Total operating and investing cash flows (brought forward)	(4,673)	(4,673)
Cash flows related to financing activities 1.14 Proceeds from issues of shares, options, etc. (NET) 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) (See additional information Item 1.19) Net financing cash flows	6,204 - - - - -	6,204 - - - - -
	6,204	6,204
Net increase (decrease) in cash held 1.20 Cash at beginning of quarter/year to date 1.21 Exchange rate adjustments to item 1.20 1.22 Cash at end of quarter	1,531 1,493 -	1,531 1,493 -
	3,024	3,024

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 1.24	Aggregate amount of payments to the parties included in item 1.2 Aggregate amount of loans to the parties included in item 1.10	Current quarter $A'000
		98
		-
1.25	Explanation necessaryforanunderstanding ofthe transactions
	-

Non-cash financing and investing activities

• 2.1 Details of financing and investing transactions which have had a material effect on consolidated assets and 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

Financing facilities available

Add notes as necessary for an understanding of the position.

3.1 Loan facilities 3.2 Credit standby arrangements	Amount available $A’000	Amount used $A’000
	-	-
	-	-

• See chapter 19 for defined terms.

Appendix 5B Page 2

30/10/2007*

M:\Documents\Regis\Corporate\Quarterlies\Sept 07\APP5B 30 Sept 2007 RRL.doc

Appendix 5B Mining exploration entity quarterly report

Estimated cash outflows for next quarter

Estimated cash outflows for next quarter
4.1 Exploration and evaluation 4.2 Development	$A’000
	5,100
	-
Total	5,100

Reconciliation of cash

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 5.2 Deposits at call 5.3 Bank overdraft 5.4 Other (provide details)	3,024	1,493
	-	-
	-	-
	-	-
Total: cash at end of quarter(item 1.22)	3,024	1,493

Changes in interests in mining tenements

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

• See chapter 19 for defined terms.

Appendix 5B Page 3

30/10/2007*

Appendix 5B Mining exploration entity quarterly report

Issued and quoted securities at end of current quarter

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

	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(descript ion) 7.2 Changes during quarter (a) Increases through issues (b) Decreases through returns of capital, buy-backs, redemptions	-	-	-	-
	- -	- -	- -	- -
7.3 ~~+~~Ordinary securities 7.4 Changes during quarter (a) Increases through issues (b) Decreases through returns of capital, buy-backs	1,287,081,649	1,287,081,649	-	-
	30,700,000 30,048,333 -	30,700,000 30,048,333 -	$0.12 $0.09 -	$0.12 $0.09 -
7.5 ~~+~~Convertible debt securities(descript ion) 7.6 Changes during quarter (a) Increases through issues (b) Decreases through securities matured, converted.	-	-	-	-
	- -	- -	- -	- -
7.7 Options (description and conversion factor) 7.8 Issued during quarter 7.9 Exercised during quarter 7.10 Expired during quarter Forfeited	95,268,936 25,766,079 38,970,230 12,900,000 8,280,000 450,000 18,005,000	95,268,936 25,766,079 38,970,230 - - - -	Exercise price $0.05 $0.20 $0.10 $0.12 $0.1146 $0.1088 $0.0918	Expiry date 31 January, 2014 30 April, 2012 31 October, 2012 25 November, 2010 31 October, 2011 7 December, 2011 15 June, 2012
	-	-	-	-
	-	-	-	-
	- -	- -	- -	- -
7.11 Debentures (totals only)	-	-
7.12 Unsecured notes (totals only)	-	-

• See chapter 19 for defined terms.

Appendix 5B Page 4

30/10/2007*

M:\Documents\Regis\Corporate\Quarterlies\Sept 07\APP5B 30 Sept 2007 RRL.doc

Appendix 5B Mining exploration entity quarterly report

Compliance statement

• 1 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).

• 2 This statement does give a true and fair view of the matters disclosed.

==> picture [50 x 44] intentionally omitted <==

Sign here:

Date: 30 October 07

(Company Secretary)

Print name: Peter J. Lee

Notes

• 1 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.

• 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.

• 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.

Appendix 5B Page 5

30/10/2007*

Appendix 5B Mining exploration entity quarterly report

MINING EXPLORATION ENTITY QUARTERLY REPORT

REGIS RESOURCES N.L. ABN 28 009 174 761 For Quarter Ended 30 September 2007 (referred to in this Statement as the “Current Quarter”)

ADDITIONAL INFORMATION

Item 1.2 Cash flows related to operations – payments for exploration and evaluation

Cash outflows for exploration and evaluation are shown in this statement as cash flows related to operations on the basis that the group’s operational activity is minerals exploration and evaluation. For statutory reporting purposes in the financial statements for the full year, these cash flows may be required to be reclassified to investing activities for compliance with current applicable accounting standards.

Item 1.12 Cash flows related to investing activities - Other

Infows/(Outflows): Acquisition costs (Stamp Duty Instalment relating to acquisition of subsidiary in Dec 2006) Performance bonds (Amounts contributed by joint venture partner in previous quarter and deposited with bank as security for environmental performance bonds issued in relation to exploration/mining tenements) Total Inflows/(Outflows):	Sept 07 Qtr YTD $A ‘000 $A ‘000 (388) (388) (78) (78)
	(466) (466)

Item 7.4 Ordinary Securities

Issued during the current quarter

On 31 July 2007, 30,700,000 fully paid ordinary shares in the Company were issued at an issue price of $0.12 per share, raising $3,684,000.

On 27 September 2007, 30,048,333 fully paid ordinary shares in the Company were issued at an issue price of $0.09 per share, raising $2,704,350.

The total value of the placements described above is $6,388,350 (gross of fees and related costs).

• See chapter 19 for defined terms.

Appendix 5B Page 6

30/10/2007*

M:\Documents\Regis\Corporate\Quarterlies\Sept 07\APP5B 30 Sept 2007 RRL.doc

Appendix 5B Mining exploration entity quarterly report

MINING EXPLORATION ENTITY QUARTERLY REPORT

REGIS RESOURCES N.L. ABN 28 009 174 761 For Quarter Ended 30 September 2007 (referred to in this Statement as the “Current Quarter”)

ADDITIONAL INFORMATION

Item 7.7 Options

Listed

25,766,079 options maturing 30 April 2012 at an exercise price of $0.20 per option. The options are exercisable any time. Each option will convert to one fully paid ordinary share.

38,970,230 options maturing 31 October 2012 at an exercise price of $0.10 per option. The options are exercisable any time. Each option will convert to one fully paid ordinary share.

95,268,936 options maturing 31 January 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.

Unlisted

12,900,000 options expiring 25 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 25 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.

3,780,000 options expiring 31 October 2011, issued under the 2005 Employee Share Option Plan, with an exercise price of 11.46 cents per option. Upon exercise, each option will convert to one fully paid ordinary share. These options cannot be exercised until after 31 October 2008. For each participant the options are only exercisable if the share price increases to 14.33 cents.

2,250,000 options expiring 31 October 2011, issued under the 2005 Employee Share Option Plan, with an exercise price of 11.46 cents per option. Upon exercise, each option will convert to one fully paid ordinary share. These options cannot be exercised until after 31 October 2007.

2,250,000 options expiring 31 October 2011, issued under the 2005 Employee Share Option Plan, with an exercise price of 11.46 cents per option. Upon exercise, each option will convert to one fully paid ordinary share. These options are only exercisable if the gold plant for the Duketon Gold Project is commissioned by 1 May 2009. If the Board does not proceed with the Duketon Gold Project, the options will be exercisable only if the share price increases to 14.33 cents.

• See chapter 19 for defined terms.

Appendix 5B Page 7

30/10/2007*

Appendix 5B Mining exploration entity quarterly report

MINING EXPLORATION ENTITY QUARTERLY REPORT

REGIS RESOURCES N.L. ABN 28 009 174 761 For Quarter Ended 30 September 2007 (referred to in this Statement as the “Current Quarter”)

ADDITIONAL INFORMATION (continued)

Item 7.7 Options (continued)

Unlisted (continued)

450,000 options expiring 7 December 2011 issued under the 2005 Employee Share Option Plan, with an exercise price of 10.88 cents per option. Upon exercise, each option will convert to one fully paid ordinary share. These options cannot be exercised until after 7 December 2008. 50% of these options are only exercisable if the share price increases to 13.6 cents and the balance are only exercisable if the share price increases to 16.32 cents.

18,005,000 options expiring 15 June 2012 issued under the 2005 Employee Share Option Plan with an exercise price of 9.18 cents per option. Upon exercise, each option will convert to one fully paid ordinary share. 33% of these options vested on issue date, the second 33% of these options cannot be exercised until or after 15 June 2008, and the remaining options cannot be exercised until 15 June 2009.

• See chapter 19 for defined terms.

Appendix 5B Page 8

30/10/2007*

M:\Documents\Regis\Corporate\Quarterlies\Sept 07\APP5B 30 Sept 2007 RRL.doc