REGIS RESOURCES LIMITED — Interim / Quarterly Report 2016

Jan 13, 2016

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11
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REGIS RESOURCES LTD

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DECEMBER 2015 QUARTERLY REPORT & EXPLORATION UPDATE

22

DISCLAIMER & COMPETENT PERSONS STATEMENT

This presentation contains only a brief overview of Regis Resources Limited and its associated entities (“Regis or RRL") and their respective activities and operations. The contents of this presentation, including matters relating to the geology of Regis’ projects, may rely on various assumptions and subjective interpretations which it is not possible to detail in this presentation and which have not been subject to any independent verification.

This presentation contains a number of forward-looking statements. Known and unknown risks and uncertainties, and factors outside of Regis’ control, may cause the actual results, performance and achievements of Regis to differ materially from those expressed or implied in this presentation. To the maximum extent permitted by law, Regis does not warrant the accuracy, currency or completeness of the information in this presentation, nor the future performance of Regis, and will not be responsible for any loss or damage arising from the use of the information. The information contained in this presentation is not a substitute for detailed investigation or analysis of any particular issue. Current and potential investors and shareholders should seek independent advice before making any investment decision in regard to Regis or its activities.

The information in this presentation that relates to Exploration Results and the updated Baneygo Resource is extracted from the ASX announcement released 14 January 2016 entitled “Exploration Update & Baneygo Resource ” and for which Competent Person’s consents were obtained. 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place for subsequent releases by the Company of the same information in the same form and context, until the consent is withdrawn or replaced by a subsequent report and accompanying consent.

The information in this presentation that relates to Mineral Resources or Ore Reserves is extracted from the Mineral Resource and Ore Reserve Statement released to the Australian Securities Exchange (ASX) on 16 July 2015 and for which Competent Person’s consents were obtained. 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.

The Company confirms that it is not aware of any new information or data that materially affects the information included in the original ASX announcements released on 16 July 2015 and 14 January 2016 and, in the case of estimates or Mineral Resources or Ore Reserves, that all material assumptions and technical parameters underpinning the estimates in the original ASX announcements continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original ASX announcement.

ASX announcements are available on the Company’s website at www.regisresources.com.au

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33

REVIEW OF FY2016 Q2 OPERATIONS

PRODUCTION AT UPPER END OF GUIDANCE & DELIVERING STRONG CASHFLOW

	Q2	Q1	OPERATIONS
Ore mined (Mbcm)	1.13	1.27	Q2 production 75,544 ounces
			Run rate at upper end of FY2016 guidance of 275-305koz
Waste mined (Mbcm)	5.21	5.85	Q2 throughput consistent with Q1 & ≈ 10.3mtpa
Stripping ratio (w:o)	4.61	4.62	Q2 recovery 91%,↑3% - GW optimizing & more oxide Q2 grade 1.00g/t - in line with Q1
Ore mined (Mtonnes)	2.62	3.00	Q2 Duketon strip ratio in line with Q1
Ore milled (Mtonnes)	2.58	2.56	GW continues to decrease to LOM average Q2 reconciliation to reserve positive for Duketon
Head grade (g/t)	1.00	1.04	GW continuing to improve and Dec15 in line COSTS
Recovery (%)	91	88	Q2 cash costs $789/oz –↓4% (Q1: $821/oz)
Gold production (ounces ‘000)	76	75	Unit costs consistent RMT cutback excluded
Cash cost (A$/oz)	789	821	Q2 AISC $918/oz -↓6% (Q1: $973/oz) Below lower end of FY2016 guidance of $970 -
Cash cost inc royalty (A$/oz) All in Sustaining Cost (A$/oz)1	861 918	888 973	$1,070/oz Q2 operating cashflow $49.8m (Q1: $50.8m) OPERATING CASH-FLOW

1 AISC calculated on a per ounce of production basis

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44 FY2016 Q2 OPERATING RESULTS

	Moolart Well Rosemont Garden Well Total Ore mined (bcm ) 336,847 298,844 496,224 1,131,915 Waste mined (bcm) 1,273,692 2,403,341 1,536,669 5,213,702 Stripping ratio (w:o) 3.8 8.0 3.1 4.6 Ore mined (tonnes) 691,834 694,357 1,236,819 2,623,011 Ore milled (tonnes) 726,088 608,178 1,248,141 2,582,406 Head grade (g/t) 0.90 1.36 0.89 1.00 Recovery (%) 91.5 92.9 89.0 90.9 Gold production (ounces) 19,208 24,622 31,714 75,544 Cash cost (A$/oz) 805 629 903 789 Cash cost inc royalty (A$/oz) 878 705 971 861 All in Sustaining Cost (A$/oz) 991 778 983 918

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55

FY2016 Q2 OPERATING RESULTS

	Moolart Well	Rosemont Garden Well Total
Ore mined (bcm )	336,847	298,844 496,224 1,131,915
Waste mined (bcm)	1,273,692	2,403,341 1,536,669 5,213,702
Stripping ratio (w:o)	3.8	8.0 3.1 4.6
Ore mined (tonnes)	691,834	694,357 1,236,819 2,623,011
Ore milled (tonnes)	726,088	608,178 1,248,141 2,582,406
Head grade (g/t)	0.90	1.36 0.89 1.00
Recovery (%)	91.5	92.9 89.0 90.9
Gold production (ounces)	19,208	24,622 31,714 75,544
Cash cost (A$/oz)	805	629 903 789
Cash cost inc royalty (A$/oz)	878	705 971 861
All in Sustaining Cost (A$/oz)	991	778 983 918

MOOLART WELL

 Production run rate in line with mid point of FY2016 guidance range

 Strip ratio slightly higher than guidance due to commencement of prestrip at Wellington pit

 All in sustaining cost $991/oz in line with guidance.

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66

MOOLART WELL

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FY2016 Q2 OPERATING RESULTS

Moolart Well	Rosemont	Garden Well Total
Ore mined (bcm ) 336,847	298,844	496,224 1,131,915
Waste mined (bcm) 1,273,692	2,403,341	1,536,669 5,213,702
Stripping ratio (w:o) 3.8	8.0	3.1 4.6
Ore mined (tonnes) 691,834	694,357	1,236,819 2,623,011
Ore milled (tonnes) 726,088	608,178	1,248,141 2,582,406
Head grade (g/t) 0.90	1.36	0.89 1.00
Recovery (%) 91.5	92.9	89.0 90.9
Gold production (ounces) 19,208	24,622	31,714 75,544
Cash cost (A$/oz) 805	629	903 789
Cash cost inc royalty (A$/oz) 878	705	971 861
All in Sustaining Cost (A$/oz) 991	778	983 918

ROSEMONT

• Strip ratio lower than forecast – will commence catch up in Q3

• Higher grade reflects positive reconciliation to reserve grade

• Recovery in line with guidance

• Throughput for quarter equates to annualised rate of 2.43Mtpa – top end of FY2016 guidance range

• Production run rate above top of guidance range and AISC below bottom of guidance range

• Cutback cost of $4.9m treated as expansionary capex (non AISC) as per FY2016 guidance

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88

ROSEMONT

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99

FY2016 Q2 OPERATING RESULTS

	Moolart Well Rosemont	Garden Well	Total
	Ore mined (bcm ) 336,847 298,844	496,224	1,131,915
	Waste mined (bcm) 1,273,692 2,403,341	1,536,669	5,213,702
	Stripping ratio (w:o) 3.8 8.0	3.1	4.6
	Ore mined (tonnes) 691,834 694,357	1,236,819	2,623,011
	Ore milled (tonnes) 726,088 608,178	1,248,141	2,582,406
	Head grade (g/t) 0.90 1.36	0.89	1.00
	Recovery (%) 91.5 92.9	89.0	90.9
	Gold production (ounces) 19,208 24,622	31,714	75,544
	Cash cost (A$/oz) 805 629	903	789
	Cash cost inc royalty (A$/oz) 878 705	971	861
	All in Sustaining Cost (A$/oz) 991 778	983	918
	Strip ratio reduced from 3.2 (Q1) to 3.1 and down sharply from 5.85 (Q4 2015) Grade at 0.89g/t in line with reserve for areas mined in the quarter Mining reconciliation continues improving and in line with reserve for Dec15 Incremental improvements in throughput and recovery as plant optimisation continues Production 31,714oz at a run rate of 127kozpa in line with guidance mid-point Cash cost $903/oz and AISC $983/oz consistent with Q1 and in line with guidance GARDEN WELL

GARDEN WELL

• Strip ratio reduced from 3.2 (Q1) to 3.1 and down sharply from 5.85 (Q4 2015)

• Grade at 0.89g/t in line with reserve for areas mined in the quarter

• Mining reconciliation continues improving and in line with reserve for Dec15

• Incremental improvements in throughput and recovery as plant optimisation continues

• Production 31,714oz at a run rate of 127kozpa in line with guidance mid-point

• Cash cost $903/oz and AISC $983/oz consistent with Q1 and in line with guidance

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1010

GARDEN WELL

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1111

CORPORATE

DECEMBER 2015 QUARTER

• Paid 6cps fully franked dividend  $30m cash payment October 2015

• $4.6m of income tax paid

• Operating cashflow $49.8 million (Q1: $50.8m)

• Cash and bullion holdings increased from $98.1m to $98.5m  $35m cash build allowing for dividend and tax

• Debt unchanged at $20m

• Gold sold 75,237oz at $1,567/oz (Q1: 74,799 @ $1,545)

• Work progressing on securing infrastructure requirements for McPhillamys Gold Project in NSW

• Continuing to review bolt on acquisition opportunities around Duketon

• Board restructure

• Paul Thomas COO joins board, Frank Fergusson retires

• Nick Giorgetta retires as Chairman but remains non-exec director

• Mark Clark becomes Exec Chairman, Mark Okeby Lead Independent Director

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CASHFLOW WATERFALL

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Strong cash-flow from operations of $49.8m for Q2 and cash build after allowing for $30m dividend and $4.6m income tax paid in the quarter

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1313

CASHFLOW WATERFALL

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Business optimisations leading to trend of strong operating cash-flow and conversion to cash build

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1414

EXPLORATION UPDATE

SIGNIFICANT RESULTS AT DUKETON IN DEC15Q

• Completed 41,582m of exploration drilling on 7 gold projects and prospects

• Further significant gold results at a number of projects:

• Baneygo – 12km south of Rosemont mill

  • Final RC drilling programme returned high grade results

• Updated Indicated & Inferred Resource quoted 7.1MT @ 1.03g/t for 237,000 oz

• Gloster – 26km west of Moolart Well

  • High grade results from 177 RC holes for 21,287m,

• Resource estimation Jan 2016, Ore Reserve estimation later Mar 16Q

• Idaho – 2.2km north of Baneygo

  • Infill 40m x 20m RC drilling – significant results

  • Early indications of potential for 10km shear north of Idaho to Rosemont

• Tooheys Well – 2.5km south of Garden Well mill

  • RC drilling continued returning early very high grade results

  • Drilling to continue in Mar 16Q

• Coopers – 11km south of Moolart Well mill

  • Significant results continue, resource estimation Mar 16Q

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15 15 GLOSTER GOLD DEPOSIT FAMOUS BLUE GEOLOGY

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Felsic Volcanics
M38/1268
1km
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INFILL & EXTENSIONAL DRILLING COMPLETE – RESOURCE UPDATE PENDING

• Located 26km west of Moolart Well

• Historic resource* at 0.5g/t lower cut:

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• December 2015 RC drilling programme on 25m x 25m grid shown in Red

• New Mining Licence M38/1268 granted in December 2015

• 177 RC holes drilled in the Dec15Q for 21,287m

• New Resource and maiden Ore Reserve estimations in March 2016Q

Basalt

Historical drilling grey. Regis drilling Dec 15Q in red

• Compliant with 1996 JORC Code and Guidelines (refer ASX announcement 16 July 2015)

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16 16

GLOSTER DRILL RESULTS December 2015 Quarter

Hole No Northing (mN) Easting (mE) Hole Depth (m) From (m) To (m) Interval (m) Gold (g/t)	Hole No Northing (mN) Easting (mE) Hole Depth (m) From (m) To (m) Interval (m) Gold (g/t)
RRLGLRC012	6950658 408353 69 16 35 19 3.48
RRLGLRC028	6950772 408424 143 122 130 8 10.01
RRLGLRC031	6950463 408465 43 8 22 14 5.03
RRLGLRC056	6950749 408491 150 29 46 17 3.49
RRLGLRC064	6950693 408495 114 93 108 15 7.4
RRLGLRC067	6950724 408632 174 85 102 17 1.88
RRLGLRC069	6950693 408610 162 77 93 16 2.2
RRLGLRC077	6950755 408456 150 25 47 22 2.14
RRLGLRC078	6950766 408478 160 29 44 15 3.21
RRLGLRC082	6950647 408563 130 19 34 15 2.53
RRLGLRC088	6950636 408566 115 96 99 3 10.4
RRLGLRC091	6950482 408566 90 8 36 28 3.01
RRLGLRC091	6950482 408566 90 46 72 26 2.06
RRLGLRC092	6950492 408588 138 71 76 5 9.27
RRLGLRC093	6950503 408612 138 78 87 9 4.04
RRLGLRC096	6950534 408681 184 57 63 6 5.61
RRLGLRC097	6950542 408702 192 119 126 7 4.37
RRLGLRC104	6950409 408864 174 113 117 4 13.26
RRLGLRC113	6950395 408876 160 132 138 6 7.06
RRLGLRC144	6950437 408847 180 133 137 4 12.83
RRLGLRC148	6950497 408545 120 27 38 11 2.74
RRLGLRC149	6950507 408570 110 38 53 15 3.02
RRLGLRC150	6950551 408546 135 31 40 9 4.44
RRLGLRC154	6950565 408633 145 79 91 12 3.5
RRLGLRC155	6950575 408657 223 92 94 2 38.25
RRLGLRC158	6950517 408591 100 50 59 9 3.5
RRLGLRC160	6950522 408726 174 135 145 10 3.07
RRLGLRC163	6950453 408629 140 28 42 14 2.3
RRLGLRC166	6950489 408713 175 107 127 20 3.94

20gm intersections are highlighted

All coordinates are AGD 84. All holes were drilled at -60° to 244°

All Intercepts calculated using a 0.5g/t lower cut, no upper cut, maximum 2m internal dilution. All assays determined on 1m split samples by fire assay

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16

17 17

GLOSTER SECTION 6950495mN

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Base of Alluvium
500mRL
Top of Saprock
Diorite
450mRL
Top of Fresh Rock
Gloster Gold Project
Cross Section 6950495mN
Diorite Gold Mineralised Envelope
Au InterceGoldpt 18m @ 1.1g/t
400mRL
Clay oxidised Volcanics
Regis Drill Holes: GLRC091 Diorite
Intermediate Volcaniclastics
408500mE 408600mE 6950500mN 408700mE
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18 18 BANEYGO GOLD PROJECT

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Section 6907677mN
Section 6907638mN
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FIRST RESOURCE UPGRADE FROM THE 20KM ROSEMONT-BANEYGO SHEAR

• Baneygo 12km south of Rosemont mine

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1km
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• Gold hosted in Quartz Dolerite similar to Rosemont

• Baneygo previous 2004 Resource 43koz Au in 4 small deposits

• Regis drilled on 20m traverses 49 RC holes for 4,618m in Dec 15Q

• Highly significant new gold mineralisation defined over 3km strike outside 2004 Resource

• Diamond drilling completed for geotechnical and metallurgical purposes

Historical drilling grey. Regis drilling blue and Dec 15Q in red

• Updated Resource estimation completed

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19 19

BANEYGO SECTIONS September 2015Q drilling

TOFR TOFR

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20

BANEYGO DRILL RESULTS December 2015 Quarter

Hole No	Northing (mN) Easting (mE) Hole Depth (m) From (m) To (m) Interval (m) Gold g/t
RRLBYRC332	6907484 431906 72 17 24 7 1.28
RRLBYRC332	6907484 431906 72 55 59 4 7.71
RRLBYRC333	6907485 431930 102 39 56 17 1.48
RRLBYRC333	6907485 431930 102 67 75 8 1.44
RRLBYRC335	6907755 431845 72 46 58 12 2.05
RRLBYRC336	6907645 431905 118 93 108 15 2.24
RRLBYRC338	6907634 431868 54 21 31 10 0.86
RRLBYRC341	6907771 431902 147 118 128 10 0.97
RRLBYRC342	6907766 431883 120 95 100 5 2.01
RRLBYRC344	6907728 431910 141 111 127 16 1.35
RRLBYRC345	6907723 431891 120 84 87 3 4.90
RRLBYRC347	6907713 431853 69 36 45 9 3.86
RRLBYRC350	6907690 431917 153 135 147 12 6.16
RRLBYRC352	6907650 431924 156 108 130 22 1.71
RRLBYRC352	6907650 431924 156 147 150 3 2.72
RRLBYRC355	6905841 432445 108 40 49 9 1.88
RRLBYRC356	6905801 432451 81 28 31 3 6.24
RRLBYRC357	6905807 432471 117 51 63 12 1.24
RRLBYRC359	6905847 432465 135 58 59 1 13.30
RRLBYRC359	6905847 432465 135 111 113 2 6.64
RRLBYRC362	6905926 432442 99 72 79 7 3.47
RRLBYRC364	6906147 432331 51 35 39 4 2.15
RRLBYRC365	6906152 432350 78 37 47 10 0.95
RRLBYRC368	6906477 432320 129 74 82 8 1.71
RRLBYRC368	6906477 432320 129 108 116 8 1.50
RRLBYRC370	6906511 432314 153 81 83 2 12.70
RRLBYRC370	6906511 432314 153 105 107 2 4.53
RRLBYRC370	6906511 432314 153 110 118 8 6.36
RRLBYRC372	6907681 431898 117 79 110 31 3.04
RRLBYRC376	6908251 431641 57 48 52 4 6.59

8gm intersections are tabled

All coordinates are AGD 84. All holes were drilled at -60 ° to 254 °

All Intercepts calculated using a 0.5g/t lower cut, no upper cut, maximum 2m internal dilution. All assays determined on 1m split samples by fire assay

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21 21

BANEYGO GOLD PROJECT

DECEMBER 2015 RESOURCE UPDATE

• Updated Resource estimated at a 0.4g/t gold lower cut:

Indicated	Indicated	Indicated	Inferred	Inferred	Inferred	Total	Total	Total
Tonnes (MT)	Grade (g/t)	Ounces (‘000)	Tonnes (MT)	Grade (g/t)	Ounces (‘000)	Tonnes (MT)	Grade (g/t)	Ounces (‘000)
6.2	1.03	204	1.0	1.06	32	7.1	1.03	237

Errors of summation may occur due to rounding.

• Fivefold increase in quoted Resource at Baneygo

• Does not yet include Idaho or the sparsely drilled but mineralised 4km along strike to the south of Baneygo.

• This resource will be used as the basis for an Ore Reserve estimate later in the March 2016 quarter.

• Highlights the potential to add significant resource ounces along the highly prospective 20km Rosemont-Baneygo shear where previous drilling is sparse and largely ineffective (mostly less than 50m deep holes).

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22 22

ROSEMONT TO BANEYGO

REGIONAL SCALE OPPORTUNITY

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REGIONAL SCALE OPPORTUNITY
Rosemont

Rosemont to Baneygo trend 20km
poorly tested.
 Quartz dolerite host rock at
Rosemont continues to Baneygo and
22m @ 2.6g/t, f 22m
10km
beyond to the south
Garden
King John

Well Recent RC drilling around historic
3m @ 7.7g/t, f 41m
4m @ 8.5g/t, f 28m Baneygo resource.

Significant gold intercepts from
Rosemont to Baneygo
10m @ 1.8g/t, f 22m
8m @ 1.9g/t, f 14m  New discovery Idaho
13m @ 4.9g/t, f 17m Idaho

20km corridor requires further drilling
•
33m @ 8.4g/t, f 50m Previous drilling max 100m deep with
11m @ 7.3g/t, f 21m
most only 50m deep
21m @ 9.3g/t, f 16m Erlistoun
•
Up to 800m gaps between drill lines
Baneygo
 Continue to test strike continuation north
22m @ 2.5g/t, f 26m to Rosemont on 400m traverses
5m @ 4.6g/t, f 7m
2m @ 12.6g/t, f 13m
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23 23

IDAHO GOLD PROSPECT

IDAHO DISCOVERY FURTHER CONFIRMS PROSPECTIVITY OF ROSEMONT-BANEYGO TREND

500m

Section 6909156mN Section 6908944mN

• 10km south of Rosemont and 2.2km north of Baneygo

• Gold hosted in Quartz Dolerite similar to Rosemont and Baneygo

• No historical resource - new discovery

• Regis drilled on 40m traverses 36 RC holes for 2,993m in Dec 15Q

• Highly significant new gold mineralisation defined over 650m strike

Historical drilling grey. Regis drilling blue and Dec 15Q in red

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24

IDAHO DRILL RESULTS

December 2015 Quarter

Hole No Northing (mN) Easting (mE) Hole Depth (m) From (m) To (m) Interval (m) Gold (g/t)	Hole No Northing (mN) Easting (mE) Hole Depth (m) From (m) To (m) Interval (m) Gold (g/t)
RRLIHRC018	6908707 431463 60 28 42 14 0.94
RRLIHRC021	6908778 431421 24 15 18 3 8.73
RRLIHRC023	6908819 431420 48 40 46 6 4.27
RRLIHRC024	6908825 431440 78 30 52 22 1.39
RRLIHRC025	6908852 431435 78 29 65 36 1.35
RRLIHRC025	6908852 431435 78 75 78 3 16.04
RRLIHRC026	6908901 431413 66 36 62 26 1.43
RRLIHRC027	6908906 431433 102 53 77 24 1.25
RRLIHRC027	6908906 431433 102 97 99 2 8.15
RRLIHRC028	6909009 431389 90 49 65 16 0.73
RRLIHRC030	6909161 431336 108 62 71 9 3.00
RRLIHRC030	6909161 431336 108 81 83 2 4.24
RRLIHRC034	6909391 431270 78 50 56 6 3.02
RRLIHRC038	6909468 431248 66 45 56 11 1.11
RRLIHRC043	6908843 431414 54 32 34 2 13.80
RRLIHRC043	6908843 431414 54 42 49 7 4.55
RRLIHRC044	6908667 431461 33 9 16 7 2.22
RRLIHRC051	6908942 431408 81 46 64 18 1.13
RRLIHRC051	6908942 431408 81 70 75 5 11.79
RRLIHRC052	6908948 431428 135 63 93 30 4.34
RRLIHRC058	6909042 431363 81 22 26 4 2.16
RRLIHRC058	6909042 431363 81 42 56 14 0.60
RRLIHRC059	6909048 431383 111 61 83 22 1.63
RRLIHRC062	6909085 431366 120 51 58 7 1.52
RRLIHRC062	6909085 431366 120 61 69 8 2.45
RRLIHRC064	6909119 431342 99 45 58 13 1.21
RRLIHRC064	6909119 431342 99 73 75 2 5.22
RRLIHRC065	6909124 431362 140 72 91 19 2.03
RRLIHRC066	6909165 431359 159 73 96 23 2.21
RRLIHRC068	6909195 431318 75 5 7 2 5.19
RRLIHRC068	6909195 431318 75 47 50 3 3.37
RRLIHRC069	6909230 431292 63 30 44 14 0.75
RRLIHRC070	6909235 431312 88 41 55 14 1.81
RRLIHRC072	6909544 431225 75 48 68 20 1.92
RRLIHRC074	6909107 431304 45 29 34 5 2.19

8gm intersections are tabled

All coordinates are AGD 84. All holes were drilled at -60 ° to 254 °

All Intercepts calculated using a 0.5g/t lower cut, no upper cut, maximum 2m internal dilution. All assays determined on 1m split samples by fire assay

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25 25

IDAHO SECTIONS December 2015 Results

450mRL 431350mE	431400mE	6908950mN	6908950mN			k NEW GOLD DISCOVERY AT IDAHO Significant new gold mineralisation defined Dec 15Q holes RRIHRC051 18m @ 1.13g/t from 46m RRIHRC051 5m @ 11.79g/t from 70m RRIHRC052 30m @ 4.34g/t from 63m Highly significant new gold mineralisation defined over 650m strike Further drilling planned in March 2016Q and maiden Resource to follow
400mRL		To Top of		p of Fre	Saproc sh Rock
350mRL				431450mE
		Idaho Gold Pr Gold Mineralise Cross Section 6908		oje	ct velope 4mN
				d En 94
			~~Gold~~ Au Intercept 5m	@	1.08g/t

26

IDAHO GOLD PROSPECT

Idaho Gold Prospect

New Gold Discovery Idaho 2.2km North of Baneygo

Baneygo Gold Deposit

North

Block Model g/t Au

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2727

TOOHEYS WELL DRILL RESULTS

17m @ 1.54g/t 12m @ 3.34g/t 7m @ 5.03g/t 200m 8m @ 5.47g/t 16m @ 3.23g/t 22m @ 3.15g/t	~~S~~ection 6909340mN 35m @ 1.1g/t 44m @ 1.18g/t 19m @ 1.34g/t 24m @ 1.78g/t 54m @ 3.6g/t 50m @ 2.76g/t 48m @ 2.38g/t 23M @ 2.26G/T	A BOLT ON FOR GARDEN WELL  Gold shear zones hosted by chert and shale  2013 RC drilling returned significant go intercepts on the Western shear  Regis drilled on 40m traverses, 30 RC for 3,908m in Dec 15Q  Recent 2015 drilling has defined a parallel Eastern shear: • Eastern Shear high grade and ope south for 600m • December 15Q gold results in red  Eastern Shear open to the north and s  Western Shear open to the south  Further drill testing planned in Mar 16Q  Resource estimation to follow

• 2013 RC drilling returned significant gold intercepts on the Western shear

• Regis drilled on 40m traverses, 30 RC holes for 3,908m in Dec 15Q

• Eastern Shear high grade and open to south for 600m

• Eastern Shear open to the north and south

• Western Shear open to the south

• Further drill testing planned in Mar 16Q

2828

TOOHEYS WELL DRILL RESULTS December 2015 Quarter

Hole No	Northing (mN) Easting (mE) Hole Depth (m) From (m) To (m) Interval (m) Gold (g/t)
RRLTWRC046	6909340 437840 148 55 82 27 2.48
RRLTWRC046	6909340 437840 148 85 135 50 2.75
RRLTWRC047	6909340 437860 178 46 57 11 1.60
RRLTWRC047	6909340 437860 178 72 88 16 1.42
RRLTWRC047	6909340 437860 178 95 122 27 1.38
RRLTWRC047	6909340 437860 178 134 147 13 3.03
RRLTWRC048	6909300 437860 145 70 118 48 2.38
RRLTWRC048	6909300 437860 145 122 145 23 2.26
RRLTWRC050	6909140 437860 98 60 78 18 0.89
RRLTWRC051	6909140 437900 148 92 99 7 1.83
RRLTWRC054	6909060 437900 138 82 94 12 1.13
RRLTWRC054	6909060 437900 138 97 103 6 1.74
RRLTWRC057	6909380 437780 93 59 63 4 5.15
RRLTWRC058	6909380 437800 68 55 68 13 2.50
RRLTWRC059	6909060 437940 168 81 90 9 2.04
RRLTWRC059	6909060 437940 168 125 135 10 0.88

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8gm intersections are tabled. ° ° All coordinates are AGD 84. All holes were drilled at -60 to 270 . All Intercepts calculated using a 0.5g/t lower cut, no upper cut, maximum 2m internal dilution. All assays determined on 1m split samples by fire assay.

29 29

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29
TOOHEYS WELL GOLD PROSPECT
December 2015 Results
500mRL
450mRL
Top of Saprock
Top of Fresh Rock
400mRL
Tooheys Well Gold Project
Cross Section 6909340mN
Gold Mineralised Envelope
Gold Intercept 11m @ 1.59g/tGold
350mRL
Chert
Black Sulphidic Shale
Banded Iron Formation
Shear Zone
43770mE 43780mE 43790mE
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30

COOPERS GOLD PROSPECT

	2 9m @ 3. 5m @ 5.4 5m @ 1 11m @	2 9m @ 3. 5m @ 5.4 5m @ 1 11m @	2 9m @ 3. 5m @ 5.4 5m @ 1 11m @	00m	00m	00m	00m	.28g/t @ 49.3g/t 6934420mN @ 2.78g/t n t .68g/t 5.73/t 9.0g/t	Gold mineralisation over 500m strike • N-S trending moderately W dipping gold mineralised shear zone • Discovered under a thin palaeochannel • Defined to 100m depth in oxidised dolerite and diorite • Defined in Aircore and RC drilling on 40m and 80m spaced E-W sections Regis drilled on 40m traverses 50 RC holes for 4,4628m in Dec 15Q Gold results for most holes expected in Mar 16Q  December 15Q gold results in red Resource estimation in March 16Q ANOTHER BOLT ON FOR MOOLART WELL
			11m @	2.05/t
			9m @ 3.	46g/t
			5m @ 1	4.1g/t
		5m @ 5.4		9g/t
	Coopers Proje Coopers Gold			Gold ct Project
							8m @ 2	.28g/t

31 31

COOPERS GOLD PROSPECT

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50m
BOCO
TOFR
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3232

RECAP OF PRESENTATION

• FY2016 Q2 gold production 75,544 ounces at AISC of A$918/oz

• Production run rate at upper end of FY16 guidance 275-305koz

• AISC below lower end of FY16 guidance of $970-1,070/oz

• Consistent production and cost performance at all operations

• Rosemont operations continue to outperform

• Reconciliation to reserve positive for Duketon and in line for GW by Dec15

• Cash-flow from operations $49.8m for Q2 (Q1: $50.8m)

• 6cps fully franked dividend paid Oct15

• Cash and bullion increased to $98.5m (net cash position $78.5m)

  • $35m cash build allowing for dividend and income tax paid

• Work continuing to secure infrastructure required for McPhillamys project

• Continued exciting exploration results at Duketon

• Including Baneygo, Idaho, Tooheys Well & Coopers

• Pointing to extensions of mine life at all three operations

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3333

JORC COMPLIANT MINERAL RESOURCES 31 MARCH 2015

Group Mineral Resources

				Group Mineral Resources	Group Mineral Resources	Group Mineral Resources	Group Mineral Resources	Group Mineral Resources	Group Mineral Resources	Group Mineral Resources	Group Mineral Resources	Group Mineral Resources	Group Mineral Resources	Group Mineral Resources	Group Mineral Resources
				as at 31 March 2015
Gold				Measured		Indicated			Inferred			Total Resource			Competent Person4
Project	Type	Cut-Off (g/t)	Tonnes (Mt)	Gold Grade (g/t)	Gold Metal (koz)	Tonnes (Mt)	Gold Grade (g/t)	Gold Metal (koz)	Tonnes (Mt)	Gold Grade (g/t)	Gold Metal (koz)	Tonnes (Mt)	Gold Grade (g/t)	Gold Metal (koz)
Moolart Well1	Open-Pit	0.4	3.0	0.89	87	29.2	0.75	706	15.0	0.62	300	47.3	0.72	1,093	A
Garden Well1	Open-Pit	0.4	2.7	0.63	54	73.8	0.90	2,131	10.2	0.88	288	86.7	0.89	2,473	B
Rosemont1	Open-Pit	0.4	5.4	1.31	228	20.1	1.27	824	2.8	1.78	160	28.3	1.33	1,212	B
Duketon Main Deposits	Sub Total		11.1	1.03	369	123.2	0.92	3,661	28.0	0.83	748	162.3	0.92	4,777
Erlistoun	Open-Pit	0.4	-	-	-	5.7	1.34	247	1.1	1.00	37	6.9	1.28	284	A
Dogbolter	Open-Pit	0.4	-	-	-	2.8	1.11	102	0.4	1.02	13	3.2	1.10	115	A
Petra	Open-Pit	0.4	-	-	-	1.2	1.08	42	0.1	1.09	2	1.3	1.08	44	A
Anchor	Open-Pit	0.4	-	-	-	0.2	1.75	9	0.1	0.95	2	0.2	1.53	11	A
King John3	Open-Pit	1.0	-	-	-	-	-	-	0.7	3.19	72	0.7	3.20	72	C
Russells Find3	Open-Pit	1.0	-	-	-	-	-	-	0.4	3.86	55	0.4	4.28	55	C
Baneygo3	Open-Pit	0.5	-	-	-	-	-	-	0.8	1.67	43	0.8	1.67	43	C
Reichelts Find3	Open-Pit	1.0	-	-	-	0.1	3.69	17	-	-	-	0.1	3.69	17	C
Duketon Satellite Deposits	Sub Total		-	-	-	10.1	1.28	416	3.6	1.96	223	13.6	1.46	640
Duketon	Total		11.1	1.03	369	133.2	0.95	4,077	31.5	0.96	971	175.9	0.96	5,417
McPhillamys	Total	0.4	-	-	-	69.2	0.94	2,087	3.9	0.98	123	73.2	0.94	2,210	B
Regis	Grand Total		11.1	1.03	369	202.5	0.95	6,164	35.5	0.96	1,094	249.1	0.95	7,627

Notes

The above data has been rounded to the nearest 100,000 tonnes, 0.01 g/t gold grade and 1,000 ounces. Errors of summation may occur due to rounding.

All Mineral Resources are reported inclusive of Ore Reserves to JORC Code 2012 unless otherwise noted

1. Mineral Resources and Ore Reserves are reported inclusive of ROM Stockpiles at cut-off grade of 0.4 g/t

2. Reported under JORC Code 2004

3. Refer to Group Competent Person Notes

4. 5 As this table is quoted at 31 March 2015 the updated Baneygo resource referred to in the body of this presentation has not been updated. It will be updated as part of the next full annual update

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3434

JORC COMPLIANT ORE RESERVES 31 MARCH 2015

Group Ore Reserves

				Group Ore Reserves	Group Ore Reserves	Group Ore Reserves	Group Ore Reserves	Group Ore Reserves	Group Ore Reserves	Group Ore Reserves	Group Ore Reserves	Group Ore Reserves
				as at 31 March 2015
Gold				Proved		Probable			Total Ore Reserve			Competent Person3
Project	Type	Cut-Off (g/t)2	Tonnes (Mt)	Gold Grade (g/t)	Gold Metal (koz)	Tonnes (Mt)	Gold Grade (g/t)	Gold Metal (koz)	Tonnes (Mt)	Gold Grade (g/t)	Gold Metal (koz)
Moolart Well1	Open-Pit	> 0.4	2.7	0.93	79	3.9	0.92	115	6.5	0.92	194	D
Garden Well1	Open-Pit	> 0.4	2.7	0.63	54	31.9	0.93	955	34.5	0.91	1,009	D
Rosemont1	Open-Pit	> 0.4	4.4	1.34	188	8.9	1.36	387	13.2	1.35	574	D
Duketon Main Deposits	Sub Total		9.7	1.03	321	44.6	1.02	1,456	54.3	1.02	1,777
Erlistoun	Open-Pit	> 0.5	-	-	-	3.8	1.48	181	3.8	1.48	181	D
Dogbolter	Open-Pit	> 0.5	-	-	-	0.3	1.57	16	0.3	1.57	16	D
Petra	Open-Pit	> 0.5	-	-	-	0.6	1.26	25	0.6	1.26	25	D
Anchor	Open-Pit	> 0.5	-	-	-	0.1	2.07	6	0.1	2.07	6	D
Duketon Satellite Deposits	Sub Total		-	-	-	4.8	1.47	229	4.8	1.47	229
Regis	Grand Total		9.7	1.03	321	49.4	1.06	1,685	59.1	1.06	2,006

Notes

The above data has been rounded to the nearest 100,000 tonnes, 0.01 g/t gold grade and 1,000 ounces. Errors of summation may occur due to rounding.

1. Mineral Resources and Ore Reserves are reported inclusive of ROM Stockpiles at cut-off grade of 0.4 g/t

2. Cutoff grades vary according to oxidation and lithology domains. Refer to Group Ore Reserves Lower Cut Notes

3. Refer to Group Competent Person Notes

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