REGIS RESOURCES LIMITED — Interim / Quarterly Report 2016

Apr 14, 2016

Quarterly Report to 31 March 2016

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HIGHLIGHTS

DUKETON OPERATIONS

• Gold production of 75,656 ounces (Q2: 75,544 ounces) is the fourth consecutive quarter of production above 75,000 ounces and the fourth consecutive quarter of increased production.

• Gold production of 226,616 ounces for the first three quarters of FY2016 puts Regis on track to achieve in the upper end of annual FY2016 guidance range of 275,000-305,000 ounces.

• Pre-royalty cash cost of $696 per ounce and an all in sustaining cost of $856 per ounce (Q2: CC $789/oz and AISC $918/oz), both below the lower end of FY2016 annual guidance.

• March 2016 quarter AISC of $856/oz the fourth consecutive quarter of lower operating costs.

• Strong cash flow generated from operations of $56.5 million (Q2: $49.8m).

• Development work underway at the Gloster Project with mining expected to commence in the September 2016 quarter and first gold production in the December 2016 quarter. Development of the Gloster Project will extend the Moolart Gold Mine mine life beyond FY2020.

CORPORATE

• Cash and bullion increased to $106.7 million at 31 March 2016 (Dec15: $98.5m) after the payment of dividends ($20.0m), income tax ($8.2m) and purchase of listed equity investments ($1.4m) during the quarter.

• During the quarter, Regis sold 69,721 ounces of gold at an average price of A$1,638 per ounce (Dec 15: 75,237 ounces at A$1,567 per ounce).

RESOURCE AND RESERVE UPDATE

• Gloster and Baneygo Ore Reserve estimates added 361,000 ounces to Regis gold reserves, more than replacing forecast gold production for FY2016.

EXPLORATION

• RC drilling at Tooheys Well East (2.5km south of Garden Well) has confirmed continuation of fresh rock high grade mineralisation. Significant new drilling results include:

67	metres @	2.18	g/t gold from	126	to	193m	31	metres @	3.46	g/t gold from	186 to 217m
72	metres @	2.73	g/t gold from	131	to	203m	32	metres @	1.56	g/t gold from	58 to 90m
36	metres@	2.73	g/tgold from	202	to	238m	31	metres@	1.48	g/tgold from	95 to 126m

• RC drilling at Idaho (2.2km north of Baneygo) returned significant results including:

33	metres @	2.33	g/t gold from	101 to 134m	24 metres @ 1.25 g/t gold from 53 to 77m
26	metres @	1.43	g/t gold from	36 to 62m	7 metres @ 4.55 g/t gold from 42 to 49m
12	metres@	2.54	g/tgold from	40 to 52m	19 metres@1.14g/tgold from 80 to 99m

• Infill and extensional drilling at Russells Find has returned encouraging results including:

15	metres @	9.37	g/t gold from	97	to	112m	34 metres @ 1.82 g/t gold from 162 to 196m
16	metres @	2.28	g/t gold from	78	to	94m	13 metres @ 2.02 g/t gold from 165 to 178m
14	metres@	2.76	g/tgold from	69	to	83m	1 metre@32.18g/tgold from 160 to 161m

Page 1

Quarterly Report to 31 March 2016

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DUKETON OPERATIONS

Gold production at the Duketon Gold Project for the March 2016 quarter of 75,656 ounces (Dec15Q: 75,544 oz) was the fourth successive quarter gold production above 75,000 ounces. This excellent result, which takes year to date production to 226,616 ounces, sees Regis on track to achieve in the upper end of annual production guidance range of 275,000 - 305,000 ounces.

The pre-royalty cash cost for the quarter of $696 per ounce and the all in sustaining cost (AISC) of $856 per ounce (Dec15Q: cash cost $789/oz and AISC $918/oz) were both below the lower end of annual cost guidance for FY2016. The AISC of $856/oz for the quarter was the fourth consecutive quarter of lower operating costs at the Duketon Gold Project. Efficiencies in mining, particularly with the renegotiation of the extension to the Moolart Well earthmoving contract, have contributed to the reduction in AISC for the quarter. Over the last 12 months reagent and grinding media costs have trended downwards and power costs have reduced significantly with the benefits of a low diesel price positively impacting AISC.

Operating results for the Regis group for the March 2016 quarter were as follows:

	Moolart Well	Rosemont	Garden Well	Total	Total Q2 (comparative)
Ore mined (bcm )	389,935	245,201	498,053	1,133,189	1,131,915
Waste mined (bcm)	1,435,242	2,361,741	1,569,359	5,366,342	5,213,702
Stripping ratio (w:o)	3.7	9.6	3.2	4.7	4.6
Ore mined (tonnes)	786,985	612,198	1,220,373	2,619,556	2,623,011
Ore milled (tonnes)	731,949	588,856	1,253,100	2,573,905	2,582,406
Head grade (g/t)	0.83	1.50	0.89	1.02	1.00
Recovery (%)	89.8	92.5	88.2	90.0	90.9
Gold production (ounces)	17,508	26,347	31,801	75,656	75,544
Cash cost (A$/oz)	653	543	847	696	789
Cashcostincroyalty (A$/oz)	715	612	913	762	861
All in Sustaining Cost (A$/oz)1	941	650	979	856	918

1 AISC calculated on a per ounce of production basis

The Garden Well Gold Mine produced 31,801 ounces of gold at an all in sustaining cost of $979 per ounce which was a result very consistent with the previous quarter. The project is performing in line with management expectations and pleasingly the March 2016 quarter was the highest gold production and lowest AISC for Garden Well since the December 2013 quarter.

The Rosemont Gold Mine continued to outperform with another strong quarter of operations producing 26,347 ounces of gold at an all in sustaining cost of $650 per ounce. The strong performance at Rosemont continued to be underpinned by above budget mill throughput and higher processed grade. Gold production increased by 7% from the previous quarter as a result of an almost 10% increase to the head grade of the processed ore. The increased grade is due to mining in the high grade central part of the Rosemont Main Pit during the quarter.

Year to date expansionary capital of $9.9 million has been spent on the major cutback in the Rosemont Main pit. This cost was excluded from AISC as per original FY2016 guidance.

Production at the Moolart Well Gold Mine was in line with budget producing 17,508 ounces of gold with all in sustaining costs of $941 per ounce. Gold production at Moolart Well declined by 9% from the December 2015 quarter as a result of an 8% lower processed head grade. The milled grade for the quarter of 0.83g/t was reflective of the ore scheduled to be mined during the period. Despite the lower production for the quarter, all in sustaining costs fell by 5% to $941 per ounce.

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Quarterly Report to 31 March 2016

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Development work is underway at the Gloster Project where, subject to final statutory approvals, it is expected that mining will commence in the September 2016 quarter and first gold production in the December 2016 quarter. During the quarter purchasing of infrastructure to support the project commenced, bores for dewatering and water supply for mine operations have been established and the haul road construction contract was awarded. Gloster is expected to add in the order of three years of additional mill feed to the Moolart Well processing plant at a production rate of approximately 70,000 ounces per annum. This will extend the current Moolart Gold Mine mine life beyond the FY2020 financial year and provide the longevity required for the Company to expedite regional exploration efforts with a view to extending the mine life further through discovery.

CORPORATE

Half Year Results

In February 2016 Regis announced a profit before tax of $64.4 million and profit after tax of $46.0 million for the half year ended 31 December 2015. On the back of this strong profit result and an operating cash-flow of $95.8 million, the Company announced an interim fully franked dividend of 4 cents per share.

Cash Position

The Duketon project generated strong operating cash flow of $56.5 million in the March 2016 quarter. In February 2016 the Company paid a $20 million fully franked interim dividend of 4 cents per share. Pleasingly the cash and bullion balanced increased by $8.2 million during the March 2016 quarter to $106.7 million after the payment of the $20 million interim dividend, exploration expenditure of $4.8 million, $8.2 million in income tax payments and payment of $1.4 million for listed equity investments. The below waterfall chart highlights the movement in the Company’s cash reserves over the quarter.

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Cash & Gold on Hand - Q3 Movements
$180.0m
$56.5m
$160.0m
$140.0m
($20.0m)
$120.0m ($6.7m) ($4.8m)
($5.7m)
$100.0m $98.5m ($8.2m) ($1.4m) ($1.7m) $106.7m
$80.0m
$60.0m
$40.0m
$20.0m
- - - - - - -
-
-
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Page 3

Quarterly Report to 31 March 2016

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The strong conversion of cashflow from operations over the last four quarters to actual build up in the cash and bullion position (before dividends, income tax payments and equity investments) is reflected in the following chart.

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Quarterly Cashflow and Cash & Bullion Build
$60m 56.5
50.8
49.8
$50m 47.6
$40m 37.8
35
$30m 27.3
25
$20m
$10m
Jun-15 Sep-15 Dec-15 Mar-16
Cashflow from Operations
Cash build (increase in cash & bullion before dividends, income tax & equity
investments)
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The Company’s secured debt position of $20 million remains unchanged as at 31 March 2015.

Gold Sales & Hedging

During the March 2016 quarter, Regis sold 69,721 ounces of gold at an average price of A$1,638 per ounce (Dec 15 qtr: 75,237 ounces at A$1,567 per ounce). The Company had a gold hedging position at the end of the quarter of 374,480 ounces, being 96,458 ounces of flat forward contracts with a delivery price of A$1,447 per ounce and 278,021 ounces of spot deferred contracts with a price of A$1,524 per ounce.

Diesel Hedging

The board of Regis advises that the Company recently took advantage of historically low oil prices by entering into a commodity swap transaction to partially hedge future fluctuations in the AUD diesel price for the operating requirements of the Duketon Gold Project.

A chart showing the history of the benchmark oil price (WTI crude in USD) and the base diesel price* (AUD$/litre) paid by Regis on a monthly basis (before delivery charges) since the start of FY2012 is shown below. This shows the strategic medium term risk management and value proposition presented by the diesel hedging programme undertaken.

* Base diesel price represents Singapore Gasoil 10ppm (the product Regis purchases) expressed in AUD. Base price does not include Government excise, GST (both claimable) or freight.

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Quarterly Report to 31 March 2016

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Oil Price & Regis Diesel Price
1.050
100.00
0.950
0.850
80.00
0.750
60.00 0.650
0.550
40.00
0.450
20.00 0.350
WTI Oil Regis Diesel
LITRE)
WTI OIL PRIC (USD PER BARREL)
REGIS BASE DIESEL PRICE (AUD PER
----- End of picture text -----*

The Company has hedged a total of 4 million litres of diesel per month from 1 May 2016 to 31 April 2017 and a further 2 million litres per month from 1 May 2017 to 31 October 2017. The hedging programme has been implemented in two tranches as shown below:

Volume per month Ten	**or **	Price
2million litres 1 Ma	y2016 to 31 April2017	A$0.404/L
2million litres 1 Ma	y2016 to 31 October2017	$A0.419/L

The total amount hedged over the 12 month period represents approximately two thirds of total annual usage at the Duketon operations.

Investment in Capricorn Metals Limited

During the March 2016 quarter Regis participated in a placement in junior explorer Capricorn Metals Limited (Capricorn) which owns the Karlawinda Gold Project in the Pilbara region of Western Australia. Through participation in the placement the Company invested $1.27 million to acquire a 9.9% stake in Capricorn.

Director Appointment and Retirement

In February 2016 the Company announced the appointment of Mr James Mactier as a non-executive director. Mr Mactier has had a distinguished career in banking, having been joint head of the Metals and Energy Capital Division of Macquarie Bank Limited for fifteen years until his retirement from the bank in April 2015.

In March 2016, the Company announced that Mr Nick Giorgetta will retire as a non-executive director of the Company effective 29 April 2016. Mr Giorgetta will retain an active involvement in the resources industry through his Chairmanship of the Diggers & Dealers Mining Forum but otherwise will not be seeking any further public corporate roles.

Share Buy Back

The Company has not purchased any of its shares under the share buy-back programme announced in the June 2015 quarter.

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Quarterly Report to 31 March 2016

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RESERVES AND RESOURCES

Maiden Reserves at Gloster & Baneygo

In March 2016 Regis announced a 361,000 ounces increase to the Ore Reserve base at the Duketon Gold Project following the estimation of maiden Ore Reserves at the Gloster and Baneygo gold projects. This addition to Ore Reserves more than replaces the expected production for the 2016 financial year and confirms the ongoing success of Regis’ growth strategy at Duketon.

A breakdown of the maiden Ore Reserves is shown below:

Project	Tonnes (Mt)	Gold Grade (g/t)	Gold Metal (koz)
Gloster	7.0	1.00	226
Baneygo	3.6	1.16	136

Rounding errors may occur

The Ore Reserves have been estimated after completion of comprehensive studies which included:

• The concept of open pit mining, road haulage to, and processing at, existing processing plants;

• pit optimisation using wall angles based on geotechnical drill holes and independent geotechnical advice;

• pit design including provision of ramps, waste dumps and surface water management structures;

• bulk densities and metallurgical parameters from test work;

• mining costs based on contractor quotation;

• road haulage based on contractor estimates;

• processing, administration and other costs based on current Duketon operating costs; and

• optimisations at a gold price of A$1400 per ounce.

Key results of the reserve studies include:

**Physical **	**Gloster **	Baneygo
Totalpitvolume (Mbcm)	14.4	11.6
StripRatio (waste bcm:ore bcm)	3.0	6.0
Ore tonnes (Mt)	7.0	3.6
Ore grade (g/t)	1.00	1.16
Contained Ounces (koz’s)	226	136
Processing Recovery (%)	90%	92%
Recovered Ounces (koz’s)	203	125

It is envisaged that open cut mining of both deposits will provide supplementary ore supply over several years for the existing Moolart Well and Garden Well processing plants. There will be numerous synergies in utilising Regis’s existing mining teams and earthmoving contractor. Developing these mines will require only a modest capital investment for minor infrastructure and haul road construction.

The Gloster Ore Reserve has been estimated to a maximum pit depth of 130 metres while Baneygo extends to a depth of 106 metres. 70% of the contained gold at Gloster is in the oxide zone within 80 metres of surface.

Subject to final statutory approvals it is projected that mining should commence in the September 2016 quarter. Subsequent to the end of the quarter the Board gave approval to the development of the project subject to final statutory approvals. The Gloster deposit will be mined with ore hauled

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Quarterly Report to 31 March 2016

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overland to the 2.5 - 3mtpa Moolart Well processing plant and is expected to produce in the order of 70,000 ounces of gold per annum for approximately three years.

Regis will schedule the mining of the Baneygo deposit in conjunction with the other satellite deposits in the vicinity of the Garden Well and Rosemont processing plants where the Company has milling capacity in the order of 5mtpa and 2.5mtpa respectively. Baneygo is expected to produce around 70,000 ounces per annum for two years.

All in sustaining costs for both projects are expected to be similar to existing Duketon operating projects which are forecast to be between $970-1,070 per ounce for the 2016 financial year.

Resource Update

In March 2016 an updated Mineral Resource estimate was completed at Gloster in compliance with the 2012 JORC Code and Guidelines. The Resource estimate was completed in-house using the Ordinary Kriging estimation technique based on 73,253 metres of drilling of which approximately 30% was completed by the recent infill drill program. This estimate has been validated by an independently completed estimation using Multiple Indicator Kriging.

The updated Mineral Resource estimate at Gloster of 21.3 million tonnes at a grade of 0.77g/t Au for 528,000 ounces of gold represents a 45% increase in contained ounces from the previous Mineral Resource estimate completed in 1997.

A cross section with updated Regis 25m x 25m RC drill results from the December 2015 quarter as announced on the ASX on the 14[th] of January 2016 showing the nature of gold mineralisation at Gloster is shown below.

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Figure 1: Regis drilling at Gloster on oblique cross section 6905495mN. Holes drilled towards 244°.

In January 2016 Regis announced an updated Resource estimate at Baneygo of 7.1Mt at 1.03g/t gold for 236,000. This estimate was validated by an independently completed calculation using Multiple Indicator Kriging.

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Quarterly Report to 31 March 2016

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EXPLORATION

Duketon Overview

Exploration activities continued at the Duketon Gold Project with outstanding results achieved from drilling at new potential satellite mining operations.

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Drilling at the Duketon Gold Project during the March 2016 quarter totalled 30,415 metres of RC and diamond drilling.

	By Drilling Type		By Project
Type	No. Holes	Metres	Project	Metres
RC	252	29,489	Gloster	6,786
Diamond	6	926	McKenzie’s Flats	1,404
Total	258	30,415	Tooheys Well	4,027
			Idaho	4,457
			Coopers	216
			Kintyre Soak	2,201
			Russell’s Find	7,403
			Moolart Well	483
			Water Exploration	3,438
			Total	30,415

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Quarterly Report to 31 March 2016

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Significant exploration projects advanced during the quarter at Duketon are outlined below.

Tooheys Well Gold Project

The Tooheys Well gold prospect is located on a granted Mining Lease, 2.5km south of the Garden Well gold mine. Gold mineralisation was previously defined in two north south trending Western and Eastern shear zones 100 metres apart hosted in chert and fine grained sediments. RC drilling in the December 2015 quarter defined high grade gold mineralisation along the Eastern shear zone and this was followed-up with further RC and initial DD drilling in the March 2016 quarter.

A programme of 19 RC holes (RRLTWRC068-070 and 079-094) for 3,584m and 4 DD holes (RRLTWRCD021, 058, 064, 080) for 443m was drilled in the March 2016 quarter to follow-up gold mineralisation in the Eastern shear zone. Gold analytical results were received for holes RRLTWRC065-089 with results pending for the remaining 5 holes.

Significant new drilling results received during the quarter include:

• 67m @ 2.18g/t Au from 126m in hole RRLTWRC065

• o 27m @ 1.78g/t Au from 58m RRLTWRC067 o 32m @ 1.56g/t Au from 58m RRLTWRC068 o 16m @ 3.35g/t Au from 118m RRLTWRC068 o 31m @ 1.48g/t Au from 95m RRLTWRC069 o 17m @ 1.92g/t Au from 155m RRLTWRC069 o 31m @ 3.46g/t Au from 186m RRLTWRC070 o 16m @ 1.72g/t Au from 66m RRLTWRC072 o 72m @ 2.73g/t Au from 131m RRLTWRC079 o 11m @ 3.43g/t Au from 50m RRLTWRC082 o 14m @ 2.10g/t Au from 51m RRLTWRC083 o 17m @ 2.82g/t Au from 101m RRLTWRC086 o 25m @ 2.09g/t Au from 170m RRLTWRC087 o 36m @ 2.73g/t Au from 202m RRLTWRC089*

• * Not previously announced

The recent drilling has confirmed and extended at depth significant gold mineralisation in the Eastern shear zone which is now mineralised over a strike length of 450m from 6909140mN to 6909500mN based on a 40m x 20m drilling pattern and for a further 160m south based on an 80m x 20m drilling pattern.

The eastern shear zone mineralisation appears to have steeply dip of 80-90° to the east. Host rocks are BIF/chert and shale and weathering extends to 80 to 100m vertical depth.

Logging of the four recently completed diamond core holes has improved the understanding of mineralisation at Tooheys Well. Gold mineralisation is associated with pyrrhotite hosted in Banded Iron Formation (“BIF”) which now appears to be the dominant lithology at Tooheys Well. Pyrrhotite phase is restricted to BIF’s, and has replaced magnetite during hydrothermal alteration.

The eastern shear zone is untested for 600m to the south and is open down dip. The western shear zone was not drilled in the March 2016 quarter and is also untested to the south and north.

Page 9

Quarterly Report to 31 March 2016

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Tooheys Well plan with geology and significant gold intercepts along the western and eastern mineralised shear zones. Earlier drilling results in grey and Regis drilling March 2016 quarter drilling in gold.

A cross section of 6909220mN showing the eastern gold mineralised shear zone and new significant results in holes RRLTWRC079 is shown below:

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Quarterly Report to 31 March 2016

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A cross section of 6909340mN showing the eastern gold mineralised shear zone and new significant results in holes RRLTWRC069 is shown below:

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RC and DD drilling will continue in the June 2016 quarter to determine the continuity of gold mineralisation in the Eastern shear zone. Further RC drilling is also planned to test the Western shear zone at depth and along strike. RC drilling is also planned for the Western Shear zone.

Drill testing is also planned along strike from Tooheys Well to the north where the Eastern Shear is interpreted to join with the gold mineralised shear zones at Chert Ridge approximately 2.5 km away. Chert Ridge is located on the hanging-wall side of the Garden Well Shear. Gold mineralisation at Chert Ridge is hosted in a steeply east dipping shear and fracture zones in chert, shale and BIF which is identical to the mineralisation settings at Tooheys Well.

40 mineralised samples (including oxidised, transition and fresh samples) have been collected from Tooheys Well and submitted to an independent laboratory for preliminary metallurgical test work. Preliminary results indicate the majority of the gold is recoverable using standard CIL gold processing techniques.

Gloster Gold Project

The Gloster gold deposit located 26km west of Moolart Well was acquired by Regis in the June 2015 quarter. Gloster was historically mined from 1902-1908 and was extensively drilled from 1984-1996. As noted above, an updated Resource estimate and maiden Ore Reserve estimate was completed at Gloster during the quarter.

In addition an RC drilling programme of 75 holes for 6,786m was undertaken during the quarter.

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Quarterly Report to 31 March 2016

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Gold results received from this drilling programme include:

• 7m @ 1.41g/t Au from 7m in hole RRLGLRC183

• o 3m @ 7.33g/t Au from 36m RRLGLRC213 o 24m @ 1.70g/t Au from 11m RRLGLRC186 o 10m @ 1.41g/t Au from 23m RRLGLRC241 o 12m @ 1.10g/t Au from 16m RRLGLRC245

These results will be interpreted to test the potential for economic gold mineralisation east of the current pit design and to sterilize ground to the west for waste dump development.

Idaho Gold Project

The Idaho Gold Prospect is located 2.2km to the north along strike of the existing Baneygo Beacon pit. Gold results in the December 2015 quarter highlighted the potential for further infill drilling and testing along strike. A first pass RC drill programme continued in the March 2016 quarter to test the economic potential of gold mineralisation within the quartz-dolerite. This unit is the strike continuation of the gold mineralised quartz-dolerite at Baneygo.

A total of 40 holes were drilled (RRLIHRC077-116) for 4,457m on a 40m x 20m grid over a strike distance of 940m from 6908636mN to 6909580mN. To date 116 RC holes (RRLIHRC001-116) have been drilled for 10,648m at the Idaho gold prospect.

Significant results received in the March 2016 quarter include:

• 19m @ 1.14g/t Au from 80m in hole RRLIHRC079

• o 12m @ 2.54g/t Au from 40m RRLIHRC086 o 33m @ 2.33g/t Au from 101m RRLIHRC093 o 26m @ 1.43g/t Au from 36m RRLIHRC026 o 24m @ 1.25g/t Au from 53m RRLIHRC027 o 7m @ 4.55g/t Au from 42m RRLIHRC043

The geology at Idaho is similar to Baneygo and Rosemont with gold hosted in a steeply east dipping 345° trending quartz-dolerite unit intruding in an ultramafic sequence. Gold mineralisation is associated with quartz-carbonate-chlorite-sulphide alteration and is restricted to the quartz-dolerite unit which is generally approximately 80m wide. The weathering depth at Idaho is approximately 5060m vertical depth.

Cross sections 6909118mN with updated recent RC drill results showing the nature of gold mineralisation in the quartz-dolerite unit are shown below.

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Quarterly Report to 31 March 2016

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Idaho drilling on oblique cross sections 6909156mN and 6908944mN. Holes drilled towards 254°.

An infill RC drill program of 64 holes for 6,250m commenced early in the June 2016 quarter to reduce drill spacing to 20m x 20m across the resource where required to better constrain strike limited high grade gold intersections, and test the depth extent of gold mineralisation down to 130m below surface. This work is anticipated to lead to a maiden resource estimate for Idaho.

Coopers Gold Project

The Coopers gold prospect is located on a granted Mining Lease 11km south of Moolart Well and 600m north of the Dogbolter deposit, and is located on the same shear zone hosting those two deposits.

Gold mineralisation at Coopers is located in a moderately east dipping shear zone hosted in dolerite and diorite intrusive units near a basalt contact that also dip at 45° to the east. A 5m to 10m transported cover sequence conceals the gold mineralisation and weathering of the basalt and dolerite units extends to 90m depth. Most drilling to date has defined the gold mineralisation in the oxide zone.

A programme of 50 RC holes (RRLCPRC020-069) was drilled for 4,462m in the December 2015 quarter to follow-up anomalous gold mineralisation defined in the September 2015 quarter. 3 RC holes RRLCPRC070-072 for 216m were completed in the March 2016 quarter to reduce the drill spacing at the northern end of the deposit from 40m x 20m to 20m x 20m.

Significant new drilling results received during the quarter include:

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Quarterly Report to 31 March 2016

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o 2m @ 7.24g/t Au from 16m in hole RRLCPRC070 o 12m @ 3.01g/t Au from 26m RRLCPRC070 o 4m @ 6.81g/t Au from 68m RRLCPRC072

Anomalous results from RRLCPRC070-072 show economic gold mineralisation at the northern end of the deposit. Further AC drilling will be conducted to close off these intercepts along strike and updip.

These results will provide enough data to complete a Resource estimation in the June 2016 quarter. A diamond drilling programme is also planned to determine bulk densities and metallurgical and geotechnical work to enable a Reserve estimate to be completed in the June 2016 quarter.

Russell’s Find Gold Project

The Russell’s Find deposit is located 6.5 km south of the Garden Well pit.

Gold mineralisation at Russells Find is contained in steep east dipping quartz-carbonate-biotite veins contained in a package of moderate east dipping carbonated ultramafic with a footwall sequence of chert, BIF and fine grained silicified shale.

A programme of RC drilling at Russells Find was completed during the quarter to validate and extend the current JORC 2004 gold resource of 0.4Mt @ 3.86 g/t for 55 koz Au using a 1 g/t cut. Drilling commenced in January 2016 and by the end of the quarter, 44 RC holes RRLRFRC017-060 have been completed for 7,403m.

been completed for 7,403m.
Significant new drilling results received during the	quarter include:
o 14m @ 2.76g/t Au from 69m	RRLRFRC024
o 16m @ 2.28g/t Au from 78m	RRLRFRC027
o 15m @ 9.37g/t Au from 97m	RRLRFRC027
o 1m @ 32.18g/t Au from 160m	RRLRFRC033
o 13m @ 2.02g/t Au from 165m	RRLRFRC046
o 34m @ 1.82g/t Au from 162m	RRLRFRC047

The results from the latest drilling program will assist in a review of the historic resource estimate and also for planning of any future drilling programs later in in the year.

McKenzie’s Flat and Kintyre Soak Gold Projects

The McKenzie’s Flat Area is located directly north along strike of Idaho. The area is covered by ~2m of broad sheet wash alluvium. Gold mineralisation occurs within the quartz dolerite unit that is the strike continuation of the gold mineralised quartz dolerite at Idaho-Baneygo.

During the March 2016 quarter, 13 first pass RC holes RRLMKRC001-013 were drilled for 1,404m. Drilling to date has intersected two separate quartz dolerite units, both host moderate gold mineralisation. Analytical results to date indicate the potential for economic gold mineralisation is greatest in the oxide zone.

Drill intercepts along the corridor include: RRLMKRC005: 3m @ 15.44g/t Au from 104-107m and RRLMKRC010: 6m @ 1.93g/t Au from 71-77m. A further 13 RC holes for 1,070m are planned to test the strike continuation of the quartz dolerite units and the potential for economic gold mineralisation in the oxide zone.

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The Kintyre prospect is located 3.2 km south of the Rosemont pit. The geology is analogous to that at Rosemont with gold mineralisation hosted within quartz dolerite in a package of steep east dipping mafic-ultramafic units. Narrow zones of gold mineralisation were identified over 600m strike by Aurora Gold (early 1990s) however the majority of drilling only tested to 50m below surface in the oxide zone.

A preliminary RC drilling program of 22 RC holes RRLKIRC001-022 for 2,201m was completed during the current quarter at the Kintyre prospect to validate historical drill intercepts and define the potential for economic gold mineralisation.

Significant results from RC drilling include 15m @ 2.27 g/t Au from 19-34m in RRLKIRC014 and 6m @ 6.38 g/t Au from 33-39m in RRLKIRC022.

RC drilling has defined gold mineralisation over a strike distance of 150-200m.

Duketon Mining Joint Venture

Duketon JV (E38/2231, 2666, 2699, 2737)

A total of 9,516 (-6+2mm) first pass lag soil samples were collected on the Duketon Mining JV tenements to date to complete the first pass programme. This reconnaissance lag sampling was completed on a 400m x 100m grid, and lag sampling across mineralised trends was completed on a 200m x 50m grid.

The first pass sampling programme has now been completed. Gold and pathfinder element results have been received for all of the samples collected. Contouring of gold results has been completed.

Numerous +75ppb Au gold anomalies of interest have been defined that require further investigation and follow up infill lag sampling/mapping and subsequent air core drilling will be reviewed.

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COMPETENT PERSON STATEMENT

The information in this report that relates to exploration results is based on and fairly represents information and supporting documentation that has been compiled by Mr Peter Woodman who is a member of the Australian Institute of Mining and Metallurgy. Mr Woodman has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 edition of the ‘Australasian Code for the Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Woodman is a full time employee of Regis Resources Ltd and consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

The information in this report that relates to the Baneygo and Gloster Minerals Resources and Ore Reserves is extracted from the ASX announcement released on 14 March 2016 entitled “Maiden Ore Reserves at Gloster & Beneygo Extend Mine Life” and for which Competent Person’s consents were obtained.

The reports are available to view on the ASX website and on the Company’s website at www.regisresources.com.au. The Company confirms it is not aware of any new information or data that materially affects the information included in the original market announcement, and, in the case of estimates of Mineral Resources and Ore Reserves, that all market assumptions and technical assumptions underpinning the estimates in the relevant market announcement continue to apply and have not materially changed.

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.

FORWARD LOOKING STATEMENTS

This ASX announcement may contain forward looking statements that are subject to risk factors associated with gold exploration, mining and production businesses. It is believed that the expectations reflected in these statements are reasonable but they may be affected by a variety of variables and changes in underlying assumptions which could cause actual results or trends to differ materially, including but not limited to price fluctuations, actual demand, currency fluctuations, drilling and production results, Reserve estimations, loss of market, industry competition, environmental risks, physical risks, legislative, fiscal and regulatory changes, economic and financial market conditions in various countries and regions, political risks, project delay or advancement, approvals and cost estimates.

Forward-looking statements, including projections, forecasts and estimates, are provided as a general guide only and should not be relied on as an indication or guarantee of future performance and involve known and unknown risks, uncertainties and other factors, many of which are outside the control of Regis Resources Ltd. Past performance is not necessarily a guide to future performance and no representation or warranty is made as to the likelihood of achievement or reasonableness of any forward looking statements or other forecast.

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CORPORATE DIRECTORY

Regis Resources Ltd ( ACN 009 174 761)

Registered Office

First Floor, 1 Alvan Street Subiaco, WA Australia 6008 Tel +618 9442 2200 Fax +618 9442 2290

Website www.regisresources.com Email enquiries@regisresources.com

Directors

Mr Mark Clark (Executive Chairman) Mr Paul Thomas (Executive Director) Mr Mark Okeby (Non-Executive Deputy Chairman) Mr Nick Giorgetta (Non-Executive Director) Mr Ross Kestel (Non-Executive Director) Mr Glyn Evans (Non-Executive Director) Mr James Mactier (Non-Executive Director

Company Secretary and CFO

Mr Kim Massey

Share Registry

Computershare Ltd GPO Box D182 Perth WA 6840

Shareholder Enquiries: 1300 557 010 (local) +613 9415 4000 (international)

ASX Listed Securities (as at 31 March 2016)

Security	Code		No. Quoted
Ordinary Shares	RRL		499,781,595

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APPENDIX 1

JORC Code, 2012 Edition – Table 1 report template

Section 1 Sampling Techniques and Data

(Criteria in this section apply to all succeeding sections.)

Criteria

JORC Code explanation Commentary

Sampling techniques

Nature and quality of sampling (e.g. cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling. Gloster: The Gloster gold deposit was sampled using Reverse Circulation (RC) Drill Holes on a nominal 25m east by 25m north initial grid spacing. The current study used the sampling from 75 holes for 6,786m, which were drilled angled -60 degrees to 244 degrees. McKenzie’s Flats and Kintyre Soak: The McKenzie’s Flats and Kintyre Soak Prospects were sampled using Reverse Circulation (RC) on a nominal 40m east by 400m north initial grid spacing, which were predominantly drilled angled -60 degrees to 254- Kintyre/270-McKenzies degrees. Regis has drilled 35 RC holes for 3,605m. Idaho: The Idaho gold deposit was sampled using Reverse Circulation (RC) Drill Holes on a nominal 20m east by 40m north initial grid spacing. Regis has drilled 40 RC holes for 4,457m, which were drilled angled -60 degrees to 254 degrees. Coopers: The Coopers gold prospect was sampled using Reverse Circulation (RC) drill holes on a nominal 20m east by 40m north and 20m north grid spacing. Regis has drilled 3 RC holes for 216m, which were drilled angled -60 degrees to 270 degrees. Tooheys Well: The Tooheys Well gold prospect was sampled using Reverse Circulation (RC), drill holes on a nominal 20m east spaced holes on 40m north and 80m north initial grid spacing. Regis has drilled 19 RC holes for 3,908m and 4 DD holes for 443m, which were drilled angled -60 degrees to 270 degrees. Russell’s Find: The Russel’s Find gold deposit was sampled using Reverse Circulation (RC) Drill Holes on a nominal 20m east by 40m north initial grid spacing. Regis has drilled 44 RCholesfor 7,403m,which were drilled angled-60 degrees to254degrees

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Criteria	JORC Code explanation	Commentary
	Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used.	All Projects: Regis drill hole collar locations were picked up by site-based authorised surveyors using Trimble RTK GPS. Downhole surveying was measured by the drilling contractors using Reflex EZ-Shot Downhole Survey Instrument RC holes and DD
		holes. The surveys were completed every 30m down each drill hole.
		Core is aligned and measured by tape, comparing back to down hole core blocks
		consistent with industry practice.
		Regis drill hole sampling had certified standards and blanks inserted every 25th
		sample to assess the accuracy and methodology of the external laboratories, and
		field duplicates (RC only) were inserted every 20th sample to assess the
		repeatability and variability of the gold mineralisation. Laboratory duplicates were
		also completed approximately every 15th sample to assess the precision of the
		laboratory as well as the repeatability and variability of the gold mineralisation.
		Results of the QAQC sampling were considered acceptable for an Archaean gold
		deposit. QAQC results are not recorded for historical drilling, although twin hole
		drilling has demonstrated the accuracy of the historical assay intercepts at both
		Baneygo and Gloster.
	Aspects of the determination of mineralisation that are Material to the Public Report. In cases where ‘industry standard’ work has been done this would be relatively simple (e.g. ‘reverse circulation drilling was used to obtain 1 m samples from which 3 kg was	Gloster, Idaho, Russell’s Find, Coopers, Kintyre, McKenzie’s and Tooheys Well: For the Regis RC drilling 1m samples were obtained by cone splitter (2.5kg – 3.0kg) and were utilised for lithology logging and assaying. The drilling samples were dried, crushed and pulverised to get 85% passing 75µm and were all Fire
	pulverised to produce a 30 g charge for fire assay’). In other cases	Assayed using a 50g charge (SGS, Bureau Veritas, Min Analytical and Aurum).
	more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (e.g. submarine nodules) may warrant disclosure of detailed information.	Tooheys Well diamond: Diamond drilling completed to industry standard using varying sample lengths (0.3 to 1.2m) based on geological intervals, which are then dried, crushed and pulverised to get 85% passing 75µm and were all Fire Assayed using a 50g charge
		(Bureau Veritas).

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Criteria	JORC Code explanation Commentary
Drilling techniques	Drill type (e.g. core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (e.g. core diameter, triple or standard tube, depth of diamond tails, face-sampling bit or other type, whether core is oriented and if so, by what method, etc). Gloster, Idaho, Russell’s Find, Coopers, Kintyre, McKenzies and Tooheys Well: RC drilling completed with a 139mm diameter face sampling hammer accounts for 100% of the drilling meters in the project area. Tooheys Well diamond: Surface diamond drilling carried out by using both NQ3 or HQ32 (triple tube) and NQ2 or HQ2 (standard tube) techniques. Core is routinely orientated by REFLEX ACT III tool.
Drill sample recovery	Method of recording and assessing core and chip sample recoveries and results assessed. Gloster, Idaho, Russell’s Find, Coopers, Kintyre, McKenzie’s and Tooheys Well: RC recovery was visually assessed, with recovery being excellent except in some wet intervals which are recorded on logs. <1% of the overall mineralised zones have been recorded as wet. Tooheys Well diamond: DD core was measured and compared to the drilled intervals, and recorded as a percentage recovery.
	Measures taken to maximise sample recovery and ensure representative nature of the samples. Gloster, Idaho, Russell’s Find, Coopers, Kintyre, McKenzies and Tooheys Well: RC samples were visually checked for recovery, moisture and contamination. The drilling contractor utilised a cyclone and splitter to provide uniform sample size, and these were cleaned routinely (cleaned at the end of each rod and more frequently in wet conditions). A booster was also used in conjunction with the RC drill rig to ensure dry samples are achieved. Tooheys Well diamond: The target zones ranged from oxidised rock near surface where recoveries were lower to highly competent fresh rock, where the DD method provided high recovery.

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Criteria	JORC Code explanation Commentary
	Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material. Gloster, Idaho, Russell’s Find, Coopers, Kintyre, McKenzies and Tooheys Well: Sample recoveries for RC drilling are visually estimated to be high. No significant bias is expected although no recovery and grade correlation study was completed. Tooheys Well diamond: The DD drill sample recovery in the transitional and fresh rock zones is very high, and no significant bias is expected. Recoveries in the oxidised rock were lower.
Logging	Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies. Gloster, Idaho, Russell’s Find, Coopers, Kintyre, McKenzies and Tooheys Well: Lithology, alteration, veining, mineralisation and, on some holes, magnetic susceptibility were logged from the RC chips and saved in the database. Chips from every interval are also placed in chip trays and stored in a designated building at site for future reference. Tooheys Well diamond: Lithology, alteration, veining, mineralisation and geotechnical information were logged from the DD core and saved in the database. Half core from every interval are also retained in the core trays and stored in a designated building at site for future reference.
	Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc) photography. All logging is qualitative except for magnetic susceptibility and geotechnical measurements. Wet and dry photographs were completed on the core.
	The total length and percentage of the relevant intersections logged. All drill holes are logged in full.
Sub- sampling techniques	If core, whether cut or sawn and whether quarter, half or all core taken. Tooheys Well diamond: Core was half cut with a diamond core saw with the same half always sampled and the surplus retained in the core trays. Non-competent clay zones are sampled as whole core where necessary due to difficulty in cutting.

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Criteria	JORC Code explanation Commentary
and sample preparation	If non-core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry. The RC drilling utilised a cyclone and cone splitter to consistently produce 2.5kg to 3.0kg dry samples.
	For all sample types, the nature, quality and appropriateness of the sample preparation technique. Samples are dried, crushed to 10mm, and then pulverised to 85% passing 75µm (industry standard practice is assumed for the historical drilling). This is considered acceptable for an Archaean gold deposit.
	Quality control procedures adopted for all sub-sampling stages to maximise representivity of samples. Field duplicates (RC only) were inserted every 20th sample to assess the repeatability and variability of the gold mineralisation. Laboratory duplicates were also completed roughly every 15th sample to assess the repeatability and variability of the gold mineralisation.
	Measures taken to ensure that the sampling is representative of the in situ material collected, including for instance results for field duplicate/second-half sampling. Field RC duplicates (RC only) were taken at the rig from a second chute on the cone splitter allowing for the duplicate and main sample to be the same size and sampling technique. Field duplicates are taken every 20th sample. Laboratory duplicates (sample preparation split) were also completed roughly every 15th sample. Field duplicates on core, i.e. other half of cut core, have not been routinely assayed.
	Whether sample sizes are appropriate to the grain size of the material being sampled. Sample sizes (2.5kg to 3kg) are considered to be a sufficient size to accurately represent the gold mineralisation based on the mineralisation style (hypogene) associated with shearing and supergene enrichment), the width and continuity of the intersections, the sampling methodology, the coarse gold variability and the assay ranges for the gold. Field duplicates have routinely been collected to ensure monitoring of the sub- sampling quality. Acceptable precision and accuracy is noted in the field duplicates albeit the precision is marginally acceptable and consistent with a coarse gold Archaean gold deposit.
Quality of assay data and	The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total. Gloster, Baneygo, Idaho, Russell’s Find, Coopers, Kintyre, McKenzies and Tooheys Well: All gold assaying was completed by external commercial laboratories (SGS, Bureau Veritas, Min Analytical and Aurum) using either a 40g or 50g charge for

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Criteria	JORC Code explanation Commentary
laboratory tests	fire assay analysis with AAS finish. This technique is industry standard for gold and considered appropriate. Tooheys Well diamond: All gold assaying will be completed by commercial laboratories (Bureau Veritas) using either a 40g or 50g charge for fire assay analysis with AAS finish. This technique is industry standard for gold and considered appropriate.
	For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc. Gloster, Baneygo, Idaho, Russells Find, Kintyre, McKenzies Coopers, and Tooheys Well: Apart from magnetic susceptibility in targeted zones, no other geophysical measurements were routinely made.
	Nature of quality control procedures adopted (e.g. standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (ie lack of bias) and precision have been established. Certified Reference Material (CRM or standards) and blanks were inserted every 25th sample to assess the assaying accuracy of the external laboratories. Field duplicates (RC only) were inserted every 20th sample to assess the repeatability from the field and variability of the gold mineralisation. Laboratory duplicates were also completed approximately every 15th sample to assess the precision of assaying. Evaluation of both the Regis submitted standards, and the internal laboratory quality control data, indicates assaying to be accurate and without significant drift for significant time periods. Excluding obvious errors, the vast majority of the CRM assaying report shows an overall mean bias of less than 5% with no consistent positive or negative bias noted. Duplicate assaying show high levels of correlation and no apparent bias between the duplicate pairs. Field duplicate samples show marginally acceptable levels of correlation and no relative bias. Results of the QAQC sampling were considered acceptable for an Archaean gold deposit. Substantial focus has been given to ensuring sampling procedures met industry best practise to ensure acceptable levels of accuracy and precision were achieved in a coarse gold environment.
Verification of sampling	The verification of significant intersections by either independent or alternative company personnel. No independent personnel have visually inspected the significant intersections in RC chips. Numerous highly qualified and experienced company personnel from

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Criteria	JORC Code explanation Commentary
and assaying	exploration and production positions have visually inspected the significant intersections in RC chips.
	The use of twinned holes. Coopers, Idaho, Russell’s Find, Kintyre, McKenzies and Tooheys Well: No twinning of holes was completed at this stage. Gloster: The spatial location and assaying accuracy of historical drilling was confirmed with RC and DD twin holes. The Regis RC drilling spatial location and assaying accuracy was also twinned by Regis DD holes.
	Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols. All geological and field data is entered into excel spreadsheets with lookup tables and fixed formatting (and protected from modification) thus only allowing data to be entered using the Regis geological code system and sample protocol. Data is then emailed to the Regis database administrator for validation and importation into a SQL database using Datashed.
	Discuss any adjustment to assay data. Any samples not assayed (i.e. destroyed in processing, listed not received) have had the assay value converted to a -9 in the database. Any samples assayed below detection limit (0.01 ppm Au) have been converted to 0.005 ppm (half detection limit) in the database.
Location of data points	Accuracy and quality of surveys used to locate drill holes (collar and down-hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation. Regis drill hole collar locations were picked up by site-based authorized surveyors using Trimble RTK GPS, calibrated to a base station (expected accuracy of 20mm). Downhole surveying (magnetic azimuth and dip of the drill hole) was measured by the drilling contractors in conjunction with Regis personnel using Reflex EZ-Shot Downhole Survey Instrument. The surveys were completed every 30m down each drill hole. Magnetic azimuth is converted to AMG azimuth (-2 degrees) in the database.
	Specification of the grid system used. The grid system is and AMG Zone 51 (AGD 84) for surveying pickups, as well as any modelling at Coopers, Gloster and Tooheys Well. Modelling at Baneygo and

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Criteria	JORC Code explanation Commentary
	Idaho is completed using a local grid, with conversion of digital data from AMG to local completed using macros.
	Quality and adequacy of topographic control. An airborne photogrammetry surface was created by Fugro which has proven accurate by ground truthing by the site based surveyors.
Data spacing and distribution	Data spacing for reporting of Exploration Results. Gloster: The drilling completed this period reduced the effective spacing to 25 metres (east) by 25 metres (north) to a depth of 100 metres from surface. Baneygo: The initial nominal drill hole spacing was 80m (northing) by 40m (easting), with infill drilling in the gold mineralised zones to 20m easting to a depth of approximately 100 metres from surface. Infill drilling in the north zone has reduced the effective spacing between drill lines to 40 metres (northing) by 20 metres (easting) and 20 metres (northing) by 20 metres (easting) on some lines to a depth of approximately 100 metres from surface. Idaho: The drilling completed this period reduced the effective spacing to 20 metres (east) by 40 metres (north) to a depth of 100 metres from surface. Coopers:The initial nominal drill hole spacing was 80m (northing) by 40m (easting). The drilling completed this period reduced the effective spacing to 20 metres (east) by 40 metres (north) to a depth of 100 metres from surface. Tooheys Well: The initial nominal drill hole spacing is 80m (northing) by 40m (easting), to a depth of 120 metres from surface. The drilling completed this period reduced the effective spacing to 20 metres (east) by 40 metres (north) to a depth of 130 metres from surface. Russel’s Find: Nominal spacing is 25m by 25m E Kintyre Soak and McKenzies Flat:

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Criteria	JORC Code explanation Commentary
	Nominal spacing is 400m N by 40-80m E
	Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied. Gloster, Baneygo, Idaho, Russells Find, Kintyre, McKenzies Coopers and Tooheys Well: The data spacing and distribution is sufficient to demonstrate spatial and grade continuity of the mineralised domains to support the definition of Inferred and Indicated Mineral Resources under the 2012 JORC code.
	Whether sample compositing has been applied. Gloster, Baneygo, Idaho, Russells Find, Kintyre, McKenzies Coopers and Tooheys Well: No sample compositing has been applied in the field within the mineralised zones. The hanging wall ultramafics at Baneygo were confirmed barren by the phase 1 drilling, therefore subsequent phases utilised the spearing of 4m field composites through this zone. The field composites were assayed at the commercial laboratories with the normal 1m samples from the mineralised zones, with no composites requiring the original 1m sample to be assayed.
Orientation of data in relation to geological structure	Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type. Gloster: The mineralisation at Gloster is moderately dipping to the northeast so drilling is orientated to best suit the mineralisation to be closely perpendicular to both the strike and dip of the mineralisation. Intercepts are close to true-width in all cases. Baneygo: The mineralisation at Baneygo is predominantly sub-vertical dipping to local grid east (associated with shear zone-parallel veining) so drilling is orientated to best suit the mineralisation to be roughly perpendicular to both the strike and dip of the mineralisation. A 20-degree northerly plunge was also identified in the structural logging. Intercepts are close to true-width in most cases, and are not true width where the mineralisation is at its steepest. Structural logging of the orientated core indicates that the shear zone controlling mineralisation is approximately perpendicular to the drilling. Some moderate west dipping veins were also identified as being mineralised, although these are narrow in nature and not considered key mineralised structures. Idaho: The mineralisation at Idaho is sub-vertical dipping to the east so drilling is orientated to best suit the mineralisation to be roughly perpendicular to both the

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Criteria		JORC Code explanation	Commentary
			strike and dip of the mineralisation. Intercepts are close to true-width in most
			cases, and are not true width where the mineralisation is at its steepest.
			Coopers:The Coopers drill holes were drilled at -60º to 270° and the mineralised
			zone is moderately to steeply east dipping. The intercepts reported are close to
			true width.
			Tooheys Well:
			The Tooheys Well drill holes were drilled at -60º to 270° and the mineralised zone
			is moderate to steeply east dipping. The intercepts reported are thought to vary
			from close to true width to down dip. See cross section diagrams
			Kintyre Soak and McKenzies Flats:
			The holes at Kintyre were drilled at -60º to 254° and the mineralised zone is
			moderately to steeply east dipping. The intercepts reported are close to true width.
			The holes at McKenzies were drilled at -60º to 270° and the mineralised zone is
			moderately to steeply east dipping. The intercepts reported are close to true width
			Russell’s Find:
			The holes at Russell’s Find were drilled at -60º to 254° and the mineralised zone
			is moderately to steeply east dipping. The intercepts reported are close to true
			width.
		If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to have introduced a sampling bias, this should be assessed and reported if material.	Gloster, Baneygo, Idaho, Russells Find, Kintyre, McKenzies, Coopers and Tooheys Well: It is not believed that drilling orientation has introduced a sampling bias.
Sample security		The measures taken to ensure sample security.	Samples are securely sealed and stored onsite, until delivery to Perth via contract freight Transport, who then deliver the samples directly to the laboratory. Sample submission forms are sent with the samples as well as emailed to the laboratory,
			and are used to keep track of the sample batches.
Audits reviews	or	The results of any audits or reviews of sampling techniques and data.	Gloster, Baneygo, Idaho, Russells Find, Kintyre, McKenzies, Coopers and Tooheys Well: No audits on sampling techniques and data have been completed.

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Section 2 Reporting of Exploration Results

(Criteria listed in the preceding section also apply to this section.)

Criteria		JORC Code explanation	Commentary
Mineral tenement and land		Type, reference name/number, location and ownership including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests,	Gloster: The Gloster deposit is located on the recently granted tenement M38/1268, an area of 905.29ha.
tenure status		historical sites, wilderness or national park and environmental	Normal Western Australian state royalties apply and a further royalty of between
		settings.	A$10-$100/troy ounce dependant on the gold price (A$) is payable on a quarterly
		The security of the tenure held at the time of reporting along with	basis to a third party.
		any known impediments to obtaining a licence to operate in the	Current registered holder of the tenement is Regis Resources Limited. There are
		area.	no registered Native Title Claims.
			Baneygo:
			The Baneygo deposit comprises M38/344, an area of 9.8045 km2(980.45
			hectares).
			Normal Western Australian state royalties apply and a further 2% NSR royalty
			exists to a third party.
			Current registered holders of the tenements are Regis Resources Ltd and Duketon
			Resources Pty Ltd (20% owned by Regis, 80% Duketon Resources). There are
			no registered Native Title Claims.
			Idaho:The Idaho deposit is within the same tenement as Baneygo
			(M38/344). Normal Western Australian state royalties apply and a further 2% NSR
			royalty exists to a third party.
			Current registered holders of the tenements are Regis Resources Ltd and Duketon
			Resources Pty Ltd (20% owned by Regis, 80% Duketon Resources). There are
			no registered Native Title Claims.
			Coopers:
			The Coopers prospect comprises M38/302, an area of 9.86 km2 (986.00 hectares)
			with the prospect extending into M38/303, an area of 9.904km2 (990.4ha).

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Criteria	JORC Code explanation	Commentary
		Current registered holder of M38/302 is Regis Resources Ltd (100%) and the
		registered holder of M38/303 is Regis Resources Ltd (20%) and Duketon
		Resources Pty Ltd (80%).
		Normal Western Australian state royalties apply and a further 2% NSR royalty
		exists to a third party for M38/303.
		There are no registered Native Title Claims on either tenement.
		Kintyre:
		The Kintyre deposit (M38/319), is an area of 10.42ha.
		Normal Western Australian state royalties apply and a further 2% NSR royalty
		exists to a third party.
		Current registered holders of the tenement is Regis Resources Ltd (20%) and
		Duketon Resources Pty Ltd (80%). There are no registered Native Title Claims.
		McKenzie’s Flats:
		The McKenzie Well deposit (M38/237) is an area of 7.4445km2 (744.45ha).
		Normal Western Australian state royalties apply and a further 2% NSR royalty
		exists to a third party.
		Current registered holders of the tenement is Regis Resources Ltd (20%) and
		Duketon Resources Pty Ltd (80%). There are no registered Native Title Claims
		Russell’s Find:
		The Russells Find prospect comprises M38/114, an area of 1.8355km2 (183.55ha)
		and M38/630, an area of 4.8585ha.
		Current registered holders of both tenements is Regis Resources Ltd (20%) and
		Duketon Resources Pty Ltd (80%). There are no registered Native Title Claims.
		Normal Western Australian state royalties apply and a further 2% NSR royalty
		exists to a third party.

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Criteria		JORC Code explanation	Commentary
			Tooheys Well:
			The Tooheys Well prospect comprises M38/1251, an area of 9.109 km2(910.90
			hectares).
			Normal Western Australian state royalties apply and a further 2% NSR royalty
			exists to a third party.
			Current registered holders of the tenements are Regis Resources Ltd and Duketon
			Resources Pty Ltd (20% owned by Regis, 80% Duketon Resources). There are
			no registered Native Title Claims.
Exploration done by other parties		Acknowledgment and appraisal of exploration by other parties.	Gloster: Gloster was discovered in 1902, with no modern exploration work completed until Hillmin Gold Mines Pty Ltd and Aurotech NL conducted mapping, RC drilling, DD and RAB in the mid 1980’s, culminating in Resource Estimates and feasibility
			studies. Leader Resources NL conducted some RC and DD drilling in 1991 before
			Maiden Gold NL purchase the project in 1994, completing more RC, DD and RAB
			drilling. In 1995 Johnsons Well Mining acquired the tenements and completed
			more RC, DD and RAB drilling to infill and extend the Resource.
			Baneygo:
			Shallow drilling (less than 100m vertical depth) completed by Aurora, Ashton and
			Johnsons Well Mining. Mining activity was completed by Ashton in the 1990’s.
			Russells Find:Shallow drilling (less than 100m vertical depth) completed by
			Aurora, Ashton and Johnsons Well Mining. Mining activity was completed by
			Ashton in the 1990’s.
			Kintyre/McKenzies:Shallow drilling (less than 100m vertical depth) completed by
			Aurora, Ashton and Johnsons Well Mining in the 1990’s
			Idaho:
			Shallow drilling (less than 100m vertical depth) completed by Aurora, Ashton and
			Johnsons Well Mining in the 1990’s.
			Coopers:
			All drilling intersecting mineralisation at Coopers has been drilled by Regis.

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Criteria	JORC Code explanation	Commentary
		Tooheys Well:
		Minor amounts of drilling by Ashton and Johnsons Well Mining was completed
		although it was mainly shallow and not extensive enough to properly define the
		mineralisation.
Geology	Deposit type, geological setting and style of mineralisation.	Gloster: Gold mineralisation at Gloster is within a NW-SE trending, east dipping shear zone
		and associated with flat to moderately east dipping quartz veins hosted in felsic
		volcanics. A 5m transported cover sequence conceals the gold mineralisation and
		weathering extends up to 100m depth. Intensive gold leaching has occurred in the
		uppermost 15m of the weathering profile.
		Baneygo:
		The geology is similar to Rosemont with gold hosted in a steeply east dipping 345°
		trending quartz-dolerite unit intruding an ultramafic sequence. Gold mineralisation
		is associated with quartz-carbonate-chlorite-sulphide alteration and is restricted to
		the quartz dolerite unit which is generally approximately 80m wide. Weathering
		depths vary from 20m to 50m vertical depth.
		Idaho:
		The geology is similar to Rosemont with gold hosted in a steeply east dipping 345°
		trending quartz-dolerite unit intruding an ultramafic sequence. Gold mineralisation
		is associated with quartz-carbonate-chlorite-sulphide alteration and is restricted to
		the quartz dolerite unit which is generally approximately 80m wide. Weathering
		depths vary from 20m to 50m vertical depth.
		Russels Find:
		Gold mineralisation at Russell’s Find is contained in steep east dipping quartz-
		carbonate-biotite veins contained in a package of moderate east dipping
		carbonated ultramafic with a footwall sequence of chert, BIF and fine grained
		silicified shale.
		Kintyre Soak/MacKenzies Flats:
		Gold mineralisation occurs within the quartz dolerite unit that is believed to be the
		strike continuation of the gold mineralised quartz dolerite at Idaho-Baneygo.

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Criteria		JORC Code explanation	Commentary
			Coopers:
			Gold mineralisation at Coopers is located in a moderately east dipping shear zone
			hosted in dolerite and diorite intrusive units near a basalt contact that also dip at
			45° to the east. A 5m to 10m transported cover sequence conceals the gold
			mineralisation and weathering of the basalt and dolerite units extends to 90m
			depth. Most drilling to date has defined the gold mineralisation in the oxide zone
			and only two RC holes have tested the fresh rock zone.
			Tooheys Well:
			The geology is similar to Garden Well with gold hosted in a moderately east dipping
			North-South trending chert and fine grained sediment unit. Gold mineralisation is
			associated with shearing at the interface between the chert and shales.
			Weathering depths vary from 20m to 70m vertical depth.
Drill	hole	A summary of all information material to the understanding of the	Refer to body of announcement
Information		exploration results including a tabulation of the following information
		for all Material drill holes:
		easting and northing of the drill hole collar
		elevation or RL (Reduced Level – elevation above sea level in
		metres) of the drill hole collar
		dip and azimuth of the hole
		down hole length and interception depth
		hole length.
		If the exclusion of this information is justified on the basis that the
		information is not Material and this exclusion does not detract from
		the understanding of the report, the Competent Person should
		clearly explain why this is the case.

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Criteria	JORC Code explanation	Commentary
Data aggregation methods	In reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade truncations (e.g. cutting of high grades) and cut-off grades are usually Material and should be	Reported intercepts include a minimum of 0.5 g/t Au value over a minimum distance of 1m with a maximum 2m consecutive internal waste. No upper cuts have been applied.
	stated.
	Where aggregate intercepts incorporate short lengths of high grade
	results and longer lengths of low grade results, the procedure used
	for such aggregation should be stated and some typical examples
	of such aggregations should be shown in detail.
	The assumptions used for any reporting of metal equivalent values
	should be clearly stated.
Relationship between mineralizatio n widths and intercept	These relationships are particularly important in the reporting of Exploration Results. If the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported.	Gloster: The Gloster drill holes were drilled at -60º to 244° and the mineralised zone is moderately dipping to the northeast. The intercepts reported are close to true width. Baneygo:
lengths	If it is not known and only the down hole lengths are reported, there should be a clear statement to this effect (e.g. ‘down hole length, true width not known’).	The Baneygo drill holes were drilled at -60º to 254° and the mineralised zone is sub-vertical. The intercepts reported are close to true width in some cases, and are not true width where the mineralisation is steepest.
		Idaho:
		The Idaho drill holes were drilled at -60º to 254° and the mineralised zone is sub-
		vertical. The intercepts reported are close to true width in some cases, and are
		not true width where the mineralisation is steepest.
		Coopers:
		The Coopers drill holes were drilled at -60º to 270° and the mineralised zone is
		moderately to steeply east dipping. The intercepts reported are close to true width.
		Tooheys Well:
		The Tooheys Well drill holes were drilled at -60º to 270° and the mineralised zone
		is moderatelyeast dipping. The intercepts reported are close to true width.

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Criteria	JORC Code explanation Commentary
	Kintyre Soak and McKenzies Flats: The holes at Kintyre were drilled at -60º to 254° and the mineralised zone is moderately to steeply east dipping. The intercepts reported are close to true width. The holes at McKenzies were drilled at -60º to 270° and the mineralised zone is moderately to steeply east dipping. The intercepts reported are close to true width Russell’s Find: The holes at Russell’s Find were drilled at -60º to 254° and the mineralised zone is moderately to steeply east dipping. The intercepts reported are close to true width.
Diagrams	Appropriate maps and sections (with scales) and tabulations of intercepts should be included for any significant discovery being reported These should include, but not be limited to a plan view of drill hole collar locations and appropriate sectional views. Refer to the body of the announcement.
Balanced reporting	Where comprehensive reporting of all Exploration Results is not practicable, representative reporting of both low and high grades and/or widths should be practiced to avoid misleading reporting of Exploration Results. A list of all holes drilled during the quarter attached.
Other substantive exploration data	Other exploration data, if meaningful and material, should be reported including (but not limited to): geological observations; geophysical survey results; geochemical survey results; bulk samples – size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock characteristics; potential deleterious or contaminating substances. Idaho, Coopers and Tooheys Well: No other material exploration data to report. Gloster and Baneygo: The Gloster diamond holes were also utilised for bulk density measurements. Geotechnical logging is in progress for determining ground conditions for open pit mining.
Further work	The nature and scale of planned further work (e.g. tests for lateral extensions or depth extensions or large-scale step-out drilling). Gloster: It is expected some minor follow-up drilling will be required at Gloster in the June 2016 quarter. Baneygo: Nofurtherexplorationdrillingis planned atBaneygointhe June2016 quarter.

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Criteria	JORC Code explanation	Commentary
		Idaho:
		Further drilling is under way at Idaho to fully define the mineralisation, followed by
		a maiden Resource estimate.
		Coopers:
		A small exploration drilling is planned at Coopers in the June 2016 quarter. A gold
		Resource estimate will be completed subsequent to this.
		Tooheys Well:
		Drilling will continue in the June 2016 quarter to determine the continuity of gold
		mineralisation in the eastern shear zone 600m to the south, initially on 40m spaced
		East-West sections in the oxide zone and to target gold mineralisation in the fresh
		rock zone.
		Kintyre Soak and McKenzies Flats:
		Small follow up drill programs are planned to follow up anomalous results
		Russell’s Find:
		Further drilling is planned prior to compiling a new resource estimate
	Diagrams clearly highlighting the areas of possible extensions,	See diagrams in main text
	including the main geological interpretations and future drilling
	areas, provided this information is not commercially sensitive.

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APPENDIX 2

APPENDIX 2
Siginificant Intercepts >1g/t. Au
Coopers Collar Location	Intersection >1.0ppm Au and >1g/t Au*m
Hole_ID X Y Z Total Depth (m)	From (m) To (m) Interval (m) Au (ppm)
RRLCPRC070 434,820 6,934,598 561 60.00	16 18 2 7.24 26 34 8 4.32
RRLCPRC071 434,839 6,934,599 561 66.00	43 47 4 1.47 52 54 2 1.37 56 57 1 1.07
RRLCPRC072 434,867 6,934,599 561 90.00	68 72 4 6.81
Idaho Collar Location	Intersection >1.0ppm Au and >1g/t Au*m
Hole_ID X Y Z Total Depth (m)	From (m) To (m) Interval (m) Au (ppm)
RRLIHRC077 431,222 6,909,582 480 87.00	38 41 3 1.54 45 47 2 1.46
RRLIHRC078 431,240 6,909,587 480 111.00	35 41 6 1.73
RRLIHRC079 431,381 6,909,090 479 141.00	85 87 2 3.82 96 103 7 1.23 111 115 4 2.47 126 127 1 1.12
RRLIHRC080 431,279 6,909,183 479 39.00	20 22 2 1.28
RRLIHRC081 431,342 6,909,201 479 141.00	71 75 4 1.04 78 83 5 1.03 97 98 1 8.96
RRLIHRC082 431,330 6,909,238 480 129.00	73 82 9 2.33 87 88 1 1.19 92 95 3 2.82
RRLIHRC083 431,282 6,909,267 479 75.00	29 31 2 1.92 38 39 1 1.48 56 58 2 1.88
RRLIHRC084 431,303 6,909,273 479 87.00	4 5 1 3.06 9 10 1 2.56 29 33 4 1.53 45 46 1 1.50 49 51 2 1.38 76 77 1 1.11
RRLIHRC085 431,216 6,909,499 480 51.00	33 34 1 5.20
RRLIHRC086 431,238 6,909,505 480 81.00	40 47 7 3.57 50 52 2 1.85
RRLIHRC087 431,256 6,909,510 480 99.00	72 73 1 2.08 76 80 4 3.67 84 85 1 1.16

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RRLIHRC088 431,206 6,909,538 480 51.00	33 34 1 2.70
RRLIHRC089 431,239 6,909,548 480 93.00	72 75 3 1.34
RRLIHRC090 431,290 6,909,388 480 111.00	65 66 1 1.36
RRLIHRC091 431,310 6,909,318 479 111.00	67 68 1 1.23 69 70 1 1.04 73 74 1 7.04 81 82 1 1.74 91 92 1 5.36
RRLIHRC092 431,377 6,909,170 479 189.00	104 105 1 1.05 108 112 4 1.77 144 146 2 9.05
RRLIHRC093 431,382 6,909,129 479 165.00	102 108 6 5.00 113 130 17 2.45 137 138 1 1.34 155 156 1 2.37
RRLIHRC094 431,425 6,908,989 480 147.00	83 84 1 1.14 88 94 6 1.45 98 99 1 1.14 103 105 2 1.92 110 117 7 1.69
RRLIHRC095 431,464 6,908,955 480 195.00	93 94 1 1.39 134 135 1 1.98
RRLIHRC096 431,468 6,908,918 480 183.00	94 95 1 1.63
RRLIHRC097 431,203 6,909,577 480 69.00	19 20 1 1.74 45 49 4 1.63
RRLIHRC098 431,187 6,909,576 480 48.00	14 15 1 1.38
RRLIHRC099 431,260 6,909,596 480 90.00	No Significant Intercepts
RRLIHRC100 431,258 6,909,554 480 114.00	No Significant Intercepts
RRLIHRC101 431,276 6,909,518 480 126.00	103 104 1 1.00
RRLIHRC102 431,260 6,909,343 480 54.00	29 34 5 1.45 41 44 3 1.28
RRLIHRC103 431,281 6,909,347 480 84.00	47 51 4 1.38 54 57 3 3.29 62 63 1 2.15 72 75 3 2.35
RRLIHRC104 431,301 6,909,350 480 114.00	AwaitingResults
RRLIHRC105 431,253 6,909,301 480 48.00	AwaitingResults
RRLIHRC106 431,263 6,909,261 480 42.00	AwaitingResults
RRLIHRC107 431,350 6,909,243 480 174.00	AwaitingResults
RRLIHRC108 431,391 6,909,194 479 174.00	AwaitingResults
RRLIHRC109 431,330 6,909,324 479 138.00	AwaitingResults
RRLIHRC110 431,361 6,909,207 479 144.00	AwaitingResults

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RRLIHRC111 431,295 6,909,168 479 60.00	AwaitingResults
RRLIHRC112 431,313 6,909,173 479 72.00	AwaitingResults
RRLIHRC113 431,330 6,909,177 479 102.00	AwaitingResults
RRLIHRC114 431,350 6,909,183 479 120.00	AwaitingResults
RRLIHRC115 431,372 6,909,189 479 138.00	AwaitingResults
RRLIHRC116 431,396 6,909,175 479 192.00	AwaitingResults
Kintyre Soak Project Collar Location	Intersection >1.0ppm Au and >1g/t Au*m
Hole_ID X Y Z Total Depth (m)	From (m) To (m) Interval (m) Au (ppm)
RRLKIRC001 430,187 6,915,984 492 66.00	30 31 1 1.49 47 48 1 1.05
RRLKIRC002 430,219 6,915,993 492 126.00	44 45 1 2.23
RRLKIRC003 430,216 6,915,780 491 75.00	25 26 1 1.22 31 32 1 2.78 37 38 1 1.37
RRLKIRC004 430,244 6,915,788 491 120.00	32 34 2 1.23 76 79 3 9.85
RRLKIRC005 430,273 6,915,796 491 150.00	138 139 1 1.10
RRLKIRC006 430,237 6,915,838 491 108.00	19 24 5 2.66 27 28 1 2.61 45 46 1 4.08 60 61 1 3.92
RRLKIRC007 430,261 6,915,844 491 144.00	55 56 1 4.00 76 77 1 1.46
RRLKIRC008 430,213 6,915,832 491 72.00	30 36 6 2.11
RRLKIRC009 430,192 6,915,905 491 100.00	26 27 1 2.69
RRLKIRC010 430,141 6,916,120 494 66.00	31 37 6 2.12 41 43 2 1.49
RRLKIRC011 430,168 6,916,127 494 114.00	64 65 1 1.34
RRLKIRC012 430,190 6,916,032 493 84.00	38 40 2 5.61
RRLKIRC013 430,213 6,916,039 493 120.00	38 39 1 1.05 52 55 3 1.95
RRLKIRC014 430,212 6,915,936 491 96.00	19 31 12 2.66 38 41 3 6.98
RRLKIRC015 430,234 6,915,941 491 132.00	24 27 3 1.27 34 36 2 2.35 56 57 1 7.04 66 67 1 1.23
RRLKIRC016 430,189 6,915,930 491 66.00	28 30 2 2.44 41 42 1 28.10
RRLKIRC017 430,255 6,915,741 491 115.00	31 32 1 2.81 49 50 1 2.66

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	70 71 1 1.98 87 88 1 1.15
RRLKIRC018 430,283 6,915,748 491 114.00	69 70 1 1.01 94 95 1 1.06 97 99 2 1.30
RRLKIRC019 430,208 6,915,885 491 81.00	30 31 1 5.84 38 41 3 2.15 58 59 1 15.90
RRLKIRC020 430,233 6,915,892 491 129.00	24 34 10 1.51 45 46 1 6.48 110 111 1 2.32
RRLKIRC021 430,150 6,916,074 494 69.00	29 35 6 2.76
RRLKIRC022 430,181 6,916,082 494 93.00	33 39 6 6.38
McKenzies Flats Project Collar Location	Intersection >1.0ppm Au and >1g/t Au*m
Hole_ID X Y Z Total Depth (m) RRLMKRC001 431,206 6,909,647 480 75.00	From (m) To (m) Interval (m) Au (ppm)
	No Significant Intercepts
RRLMKRC002 431,226 6,909,653 480 99.00	85 86 1 1.07
RRLMKRC003 431,182 6,909,858 480 114.00	95 96 1 1.39 104 105 1 3.37
RRLMKRC004 431,107 6,910,398 481 84.00	42 43 1 1.95
RRLMKRC005 431,130 6,910,398 481 150.00	96 97 1 1.11 104 107 3 15.44 138 142 4 1.71
RRLMKRC006 431,105 6,910,431 481 90.00	54 55 1 1.18
RRLMKRC007 431,186 6,909,939 480 120.00	103 104 1 1.06
RRLMKRC008 431,170 6,910,060 480 114.00	94 95 1 1.05 103 104 1 5.28
RRLMKRC009 431,150 6,910,138 481 150.00	No Significant Intercepts
RRLMKRC010 431,067 6,910,432 481 90.00	71 72 1 1.34 75 77 2 4.56
RRLMKRC011 431,026 6,910,610 481 114.00	91 92 1 1.46
RRLMKRC012 430,936 6,911,181 482 102.00	No Significant Intercepts
	No Significant Intercepts
Russells Find Collar Location	Intersection >1.0ppm Au and >1g/t Au*m
Hole_ID X Y Z Total Depth (m)	From (m) To (m) Interval (m) Au (ppm)
RRLRFRC017 438,613 6,905,510 527 100.00	71 73 2 3.98
RRLRFRC018 438,607 6,905,484 528 120.00	67 69 2 7.46
RRLRFRC019 438,661 6,905,473 527 150.00	127 129 2 8.50
RRLRFRC020 438,640 6,905,439 528 180.00	104 105 1 6.13
RRLRFRC021 438,649 6,905,418 528 220.00	115 119 4 10.19

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RRLRFRC022 438,673 6,905,421 528 158.00	143 145 2	4.19
RRLRFRC023 438,655 6,905,394 529 151.00	No Significant Intercepts
RRLRFRC024 438,632 6,905,356 530 133.00	69 83 14 95 97 2 117 118 1	2.76 1.75 1.92
RRLRFRC025 438,654 6,905,364 529 153.00	108 110 2 135 137 2	3.87 5.51
RRLRFRC026 438,702 6,905,403 529 198.00	178 181 3	7.39
RRLRFRC027 438,645 6,905,339 529 149.00	79 85 6 88 94 6 97 112 15 129 130 1	2.65 3.09 9.37 8.81
RRLRFRC028 438,671 6,905,342 530 169.00	113 123 10	1.23
RRLRFRC029 438,696 6,905,345 530 194.00	128 136 8 139 144 5	2.37 4.94
RRLRFRC030 438,681 6,905,453 528 169.00	149 150 1	3.14
RRLRFRC031 438,636 6,905,468 528 124.00	95 97 2	5.09
RRLRFRC032 438,650 6,905,312 530 149.00	99 103 4 109 111 2	1.35 5.04
RRLRFRC033 438,671 6,905,296 536 174.00	95 99 4 125 129 4 132 135 3 160 161 1	1.23 3.12 2.22 32.18
RRLRFRC034 438,669 6,905,267 536 169.00	0 4 4 127 131 4 135 139 4 156 157 1 163 165 2	1.07 1.07 1.89 8.23 2.57
RRLRFRC035 438,612 6,905,281 530 125.00	47 56 9 59 60 1 67 72 5 91 92 1	1.30 1.22 1.22 3.28
RRLRFRC036 438,658 6,905,496 527 139.00	119 121 2	8.92
RRLRFRC037 438,589 6,905,531 527 64.00	41 42 1 46 49 3	3.68 7.06
RRLRFRC038 438,635 6,905,517 527 114.00	92 97 5	3.60
RRLRFRC039 438,690 6,905,505 528 180.00	No Significant Intercepts
RRLRFRC040 438,709 6,905,458 528 199.00	AwaitingResults
RRLRFRC041 438,603 6,905,461 528 99.00	68 69 1	1.28
RRLRFRC042 438,557 6,905,268 534 84.00	36 37 1	1.61
RRLRFRC043 438,577 6,905,273 533 94.00	52 55 3 62 64 2 70 72 2	1.49 6.86 1.52

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RRLRFRC044 438,596 6,905,277 532 109.00	36 37 1 1.82 53 54 1 1.21
RRLRFRC045 438,726 6,905,277 533 204.00	132 135 3 1.91 154 156 2 2.73 161 167 6 2.53 172 174 2 1.38 176 178 2 1.53 197 199 2 14.43
RRLRFRC046 438,729 6,905,331 532 209.00	145 147 2 1.57 151 156 5 1.45 166 178 12 2.12
RRLRFRC047 438,752 6,905,335 532 229.00	165 196 31 1.92 223 224 1 3.26
RRLRFRC048 438,727 6,905,429 529 204.00	202 203 1 2.96
RRLRFRC049 438,731 6,905,410 529 214.00	204 206 2 3.63
RRLRFRC050 438,749 6,905,390 530 234.00	221 222 1 4.05
RRLRFRC051 438,717 6,905,359 530 204.00	134 135 1 3.31 162 164 2 3.04 195 197 2 2.46
RRLRFRC052 438,744 6,905,362 531 229.00	225 227 2 3.36
RRLRFRC053 438,766 6,905,365 531 229.00	147 148 1 1.44
RRLRFRC054 438,741 6,905,317 532 209.00	149 155 6 2.04 177 180 3 1.77 183 189 6 1.87
RRLRFRC055 438,767 6,905,290 533 239.00	172 173 1 1.53 185 189 4 1.90 193 195 2 2.01 204 206 2 1.54 211 214 3 1.37
RRLRFRC056 438,734 6,905,256 534 204.00	138 139 1 1.13 172 178 6 1.47 185 186 1 2.20 191 195 4 3.24
RRLRFRC057 438,778 6,905,264 534 234.00	181 182 1 1.36 197 199 2 1.55 215 216 1 1.20 228 230 2 1.19
RRLRFRC058 438,690 6,905,247 532 164.00	106 107 1 9.25 114 128 14 1.37 149 151 2 2.96 155 156 1 1.44
RRLRFRC059 438,759 6,905,242 535 264.00	178 179 1 1.07 213 214 1 1.53 217 218 1 1.12

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	220 222 2 1.42 253 255 2 2.29
RRLRFRC060 438,778 6,905,216 536 248.00	195 202 7 1.75 212 213 1 1.03 227 228 1 1.73 236 239 3 2.72
Tooheys Well Project Collar Location	Intersection >1.0ppm Au and >1g/t Au*m
Hole_ID X Y Z Total Depth (m)	From (m) To (m) Interval (m) Au (ppm)
RRLTWRC068 437,840 6,909,377 508 163.00	50 55 5 3.94 58 62 4 5.14 65 66 1 2.91 69 70 1 1.53 73 79 6 1.30 83 86 3 2.32 101 102 1 1.00 110 115 5 2.31 119 134 15 3.54
RRLTWRC069 437,879 6,909,336 508 203.00	53 65 12 1.83 68 69 1 1.53 73 74 1 1.15 82 83 1 1.18 98 105 7 1.44 108 126 18 1.80 156 169 13 2.38 183 186 3 2.36
RRLTWRC070 437,918 6,909,258 508 218.00	44 46 2 2.38 62 63 1 1.24 68 72 4 2.13 142 143 1 1.51 164 165 1 1.54 186 217 31 3.46
RRLTWRC079 437,900 6,909,219 507 203.00	135 136 1 3.82 139 180 41 2.58 184 203 19 4.21
RRLTWRC080 437,938 6,909,180 507 93.00	53 54 1 1.01 83 84 1 1.48
RRLTWRC081 437,881 6,909,418 508 224.00	41 42 1 1.58 53 57 4 4.60 63 68 5 2.01 93 94 1 2.05 204 209 5 1.12 213 216 3 2.21
	220 221 1 1.84

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RRLTWRC082 437,860 6,909,377 508 113.00	RRLTWRC082 437,860 6,909,377 508 113.00	RRLTWRC082 437,860 6,909,377 508 113.00	RRLTWRC082 437,860 6,909,377 508 113.00	RRLTWRC082 437,860 6,909,377 508 113.00	51 61 10 3.72 79 80 1 5.84
RRLTWRC083 437,796 6,909,458 508 88.00					51 58 7 3.31 63 64 1 2.01
RRLTWRC084 437,978 6,909,057 507 213.00					83 84 1 1.57 195 197 2 1.13
RRLTWRC085	437,902	6,909,142	506	78.00	No Significant Intercepts
RRLTWRC086 437,820 6,909,460 508 173.00					1 2 1 1.44 49 53 4 5.47 102 118 16 2.95
RRLTWRC087 437,900 6,909,300 507 195.00					51 52 1 1.51 62 64 2 1.32 71 73 2 1.65 124 125 1 1.02 137 138 1 2.11 153 162 9 1.59 178 180 2 1.16 183 195 12 3.68
RRLTWRC088 437,860 6,909,460 508 228.00					48 50 2 2.39 55 59 4 3.00 140 142 2 1.78 148 149 1 1.23 158 160 2 2.23
RRLTWRC089 437,900 6,909,380 508 238.00					67 72 5 4.87 125 126 1 2.48 204 238 34 2.85
Liberator Project Collar Location					Intersection >1.0ppm Au and >1g/t Au*m
Hole_ID X Y Z Total Depth (m)					From (m) To (m) Interval (m) Au (ppm)
RRLMWRCD1307 436,024 6,944,195 545 363.25					214.7 215 0.3 3.26 224.35 225.92 1.57 1.63 229.2 229.68 0.48 1.46 249.43 249.95 0.52 2.26 256.15 256.75 0.6 1.85 263.88 264.18 0.3 1.06 275.08 275.84 0.76 1.74 295.27 295.69 0.42 1.08 336.57 336.96 0.39 1.12 345.3 346 0.7 1.18 353 353.4 0.4 1.48 243.83 244.23 0.4 2.66 265.79 266.26 0.47 3.18 268.55 272.55 4 4.13 304.55 306.42 1.87 1.37

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Quarterly Report to 31 March 2016

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