REGIS RESOURCES LIMITED — Interim / Quarterly Report 2019

Oct 18, 2018

1

REGIS RESOURCES LTD

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SEPTEMBER 2018 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 is extracted from the ASX announcement released 19 October 2018 entitled “Quarterly Report to 30 September 2018” 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place for subsequent releases by the Company of the same information in the same form and context, until the consent is withdrawn or replaced by a subsequent report and accompanying consent.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 on 27 July 2018 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place for subsequent releases by the Company of the same information in the same form and context, until the consent is withdrawn or replaced by a subsequent report and accompanying consent.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 27 July 2018 and 19 October 2018 and in the case of estimates of Mineral Resources or Ore Reserves, that all material assumptions and technical parameters underpinning the estimates in the original ASX announcement 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 FY2019 Q1 OPERATIONS

DUKETON CONTINUES TO DELIVER STRONG CASHFLOW

	Q1	Q4	OPERATIONS
	FY19	FY18	Q1 gold production 90,879 ounces, in line with Q4
Ore mined (Mbcm)	1.4	0.9	Above mid point of production guidance 340-370koz Throughput, grade & recovery all in line with Q4
Waste mined (Mbcm)	6.3	6.1	Q1 stripping ratio down from 7.0 to 4.4
Stripping ratio (w:o)	4.4	7.0	Pre-strip of high grade Tooheys Well pit continuing & Dogbolter and Anchor commenced, but:
Ore mined (Mtonnes)	3.0	2.1	DNO mining returned to ore after a waste campaign in
Ore milled (Mtonnes)	2.60	2.60	COSTS
Head grade (g/t)	1.17	1.17	Q1 cash costs $793/oz & AISC $923/oz AISC 6% lower than Q4 due to lower strip ratio as DN
Recovery (%) Gold production (ounces ‘000)	93.3 91	93.9 92	returns to ore mining AISC below bottom of FY19 guidance $985–1,055/oz OPERATING CASH-FLOW
Cash cost (A$/oz)	793	760	Q1 operating cashflow $77.9m (Q4: $85.3m)
Cash cost inc royalty (A$/oz) All in Sustaining Cost (A$/oz)1	854 923	846 982	Delivered gold price A$1,660 per ounce (Q4: $1,731/o Continued strong operating cashflow underpinning ca build and dividends

• DNO mining returned to ore after a waste campaign in Q4

• Q1 cash costs $793/oz & AISC $923/oz  AISC 6% lower than Q4 due to lower strip ratio as DNO returns to ore mining

• Delivered gold price A$1,660 per ounce (Q4: $1,731/oz)

• Continued strong operating cashflow underpinning cash build and dividends

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1 AISC calculated on a per ounce of production basis 2 operating cash flow is quoted under the Appendix 5B classification protocol and as such does not include payments for pre-strip and deferred mining costs as these are classified as investing activities.

44

DUKETON

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FY2019 Q1 OPERATING RESULTS 55

		Duketon Northern Operations		Duketon Southern Operations		Total
		Q1	Q4	Q1	Q4	Q1	Q4
	Ore mined (Mbcm )
	Waste mined (Mbcm)
	Stripping ratio (w:o)
	Ore mined (Mtonnes)
	Ore milled (Mtonnes)
	Head grade (g/t)
	Recovery (%)
	Gold production (ounces)
	Cash cost (A$/oz)
	Cash cost inc royalty (A$/oz)
	All in Sustaining Cost(A$/oz)

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FY2019 Q1 OPERATING RESULTS 66

	Ore mined (Mbcm ) Waste mined (Mbcm) Stripping ratio (w:o) Ore mined (Mtonnes) Ore milled (Mtonnes) Head grade (g/t) Recovery (%) Gold production (ounces) Cash cost (A$/oz) Cash cost inc royalty (A$/oz) All in Sustaining Cost (A$/oz)		Duketon Northern Operations	Duketon Northern Operations	Duketon Southern Operations	Duketon Southern Operations	Total	Total
			Q1	Q4	Q1	Q4	Q1	Q4
			0.7 0.2		0.8 0.7 1.4 0.9
			1.5 1.3		4.8 4.7 6.3 6.1
			2.2 7.4		6.1 6.9 4.4 7.0
			1.0 0.3		2.0 1.8 3.0 2.1
			0.90 0.89		1.70 1.72 2.60 2.60
			1.02 0.94		1.24 1.29 1.17 1.17
			92.8 92.6		93.5 94.4 93.3 93.9
			27,387 24,837		63,492 67,171 90,879 92,008
			760 834		807 732 793 760
			822 916		868 820 854 846
			898 1,145		935 922 923 982

DUKETON NORTHERN OPERATIONS

• Q1 gold production 27,387oz up 10% on Q4:

• Grade 9% higher than Q4 as mining returned to Gloster ore (stockpiles processed in Q4)

• Mill throughput and recovery consistent with Q4

• Strip ratio decreased from 7.4 to 2.2 due to mining returning to ore after waste mining in Q4 for TSF lift

• Pre-strip mining of higher grade satellite pits Dogbolter & Anchor continued (first production expected in Q2)

• Q1 AISC of $898 per ounce (down 22% on Q4) reflective of substantial decrease in strip ratio in Q1

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77

FY2019 Q1 OPERATING RESULTS

		Duketon Northern Operations	Duketon Northern Operations	Duketon Southern Operations	Duketon Southern Operations	Total	Total
		Q1	Q4	Q1	Q4	Q4	Q4
	Ore mined (Mbcm )	0.7 0.2		0.8 0.7		1.4 0.9
	Waste mined (Mbcm)	1.5 1.3		4.8 4.7		6.3 6.1
	Stripping ratio (w:o)	2.2 7.4		6.1 6.9		4.4 7.0
	Ore mined (Mtonnes)	1.0 0.3		2.0 1.8		3.0 2.1
	Ore milled (Mtonnes)	0.90 0.89		1.70 1.72		2.60 2.60
	Head grade (g/t)	1.02 0.94		1.24 1.29		1.17 1.17
	Recovery (%)	92.8 92.6		93.5 94.4		93.3 93.9
	Gold production (ounces)	27,387 24,837		63,492 67,171		90,879 92,008
	Cash cost (A$/oz)	760 834		807 732		793 760
	Cash cost inc royalty (A$/oz)	822 916		868 820		854 846
	All in Sustaining Cost (A$/oz)	898 1,145		935 922		923 982
	Q1 production 63,492oz, 5% lower than Q4: Grade of 1.24g/t was 4% lower than Q4 as less tonnes higher grade Erlistoun ore were mined and processed as starter pits narrowed approaching final depths Mill recovery 1% lower due mainly to fixed tail impact of lower grade AISC of $935/oz in line with Q4 Stripping ratio lower at 4.1:1 (Q4: 4.7) – first ore mined at TW & more ore mined at RMT Net of prestrip waste 1.25M bcm (Q4:1.47M) on start up of Tooheys Well – cost included in growth capital. DUKETON SOUTHERN OPERATIONS*

DUKETON SOUTHERN OPERATIONS

• Q1 production 63,492oz, 5% lower than Q4:

• Grade of 1.24g/t was 4% lower than Q4 as less tonnes higher grade Erlistoun ore were mined and processed as starter pits narrowed approaching final depths

• Mill recovery 1% lower due mainly to fixed tail impact of lower grade

• AISC of $935/oz in line with Q4

• Stripping ratio lower at 4.1:1 (Q4: 4.7) – first ore mined at TW & more ore mined at RMT

  • *Net of prestrip waste 1.25M bcm (Q4:1.47M) on start up of Tooheys Well – cost included in growth capital.

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88

CASHFLOW WATERFALL

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Cash & Gold on Hand - Q1 Movements
$350.0m
$300.0m $77.9m
$250.0m
$208.8m ($40.6m)
($21.5m) $190.0m
$200.0m ($9.9m)
($11.7m)
($10.8m) ($2.3m)
$150.0m
$100.0m
$50.0m
- - - - - - -
-
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Continued strong quarterly cash-flow from operations of $77.9m (Q4: $85.3m)

• Lower delivered gold price of $1,660/oz in Q1 (Q4: $1,731/oz) in line with average spot price for Q1:$1,657 (Q4:$1,726)

• Q1 $15.3m growth capex spend - pre strips & TSF lifts (FY19f: $40m - significantly weighted H1)

• End of quarter cash and bullion position of $190.0m (Q4: $208.8m) and no debt

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99

INDUSTRY LEADING DIVIDENDS

• Final dividend 8 cps fully franked ($40m paid Sept 2018)

• Interim dividend 8 cps fully franked ($40m paid March 2018)  Full year (16cps) payout key metrics:

• 13.4% of FY18 revenue and 25.8% of EBITDA[+]

• 4.0% basic dividend yield*

• 5.7% grossed up (for 100% franking) dividend yield*

  • Annualised dividend yield of 16cps at a closing share price of $4.00 on 27 August 2018

COMMITMENT TO DIVIDENDS

• Regis has paid &/or declared 65 cps - $326 million in dividends since 2013

• Regis is an Australian gold industry leader on dividend payment metrics

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Dividends Declared Cumulative Dividends Paid
20 350
300
15
250
8
8
10 200
9
326
150
5
6 4 7 8 100 245
170
0
50 105
2015 2016 2017 2018 75 75
0
interim final 2013 2014 2015 2016 2017 2018
CENTS PER SHARE $ MILLIONS
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• EBITDA is an adjusted measure of earnings before interest, taxes, depreciation and amortisation. EBITDA is non-IFRS financial information and is not subject to audit. The measure is included to assist investors to better understand the performance of the business

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1010

EXPLORATION UPDATE

DUKETON - SIGNIFICANT RESULTS IN Q1

Drilled 75,089m (Q4: 63,577m) on 19 gold projects

• Rosemont & Garden Well Underground

• RMT 50 RC & DD holes for 15,292m - strong results

• GW 29 RC holes for 6,304m - strong results

 Moolart Well

• Infill drilling resources outside and below reserves.

• Encouraging results from 22,181m of AC & RC:

  • 10m @ 4.6g/t from 89m – outside current resources

  • 11m @ 5.85g/t from 58m

  • 9m @ 5.23g/t from 50m – outside current resources

• Baneygo/Idaho (15km S of Rosemont)

• 3,900m of infill (resource) & extensional drilling

• Significant results outside reserve at depth & along strike:

  • 6m @ 7.45g/t from 42m

  • 4m @ 16.5g/t from 27m

  • 6m @ 4.27g/t from 88m

• King John (11km W of Garden Well)

• Infill RC drilling resources outside reserves:

  • 4m @ 2.5g/t from 42m

  • 6m @ 4.96g/t from 115m

 Regional Gold Prospects

• Results requiring follow up on 5 regional targets drilled in Q1

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Proximity to 10mtpa processing plants presents excellent exploration opportunity

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11 11

ROSEMONT MAIDEN UNDERGROUND RESOURCE

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INFERRED RESOURCES AT 2.0G/T CUT-OFF GRADE

Project	Tonnes (Mt)	Gold Grade (g/t)	Gold Metal (koz)
Rosemont Main	0.4	7.19	102
Rosemont South	1.0	4.14	128
Total	1.4	5.10	230

• Grades encouraging for the U/G mining proposition

• Completion of mining study and Board development decision expected shortly

 Aim is to establish a viable U/G mine on these two positions and then grow the scale of mining inventory and operations from that platform

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ROSEMONT UNDERGROUND 12 12 PROJECT

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1313

ROSEMONT UNDERGROUND MINE

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BOARD APPROVES DEVELOPMENT

Sept18Q Development commencing current quarter with permitting, ordering of long lead capital items and underground mining contract tendering process.

Sept18Q Update MRE (and resource categories) for recent infill & extensional drilling Mar19Q Commencement of portal development in southern end of Rosemont Main Dec19Q Processing U/G material to commence (development tonnes in Sept19Q).

EXPANDED ROSEMONT OPERATION

	Rosemont Open-pit	Rosemont South U/G	Rosemont Main U/G	Total
Total Mined Tonnes (kt)	8,485	1,145	666	10,296
Mined Grade (g/t)	1.3	3.0	4.8	1.7
Total Ounces (koz)	356	112	102	570

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1414

ROSEMONT UNDERGROUND MINE

EXPANDED ROSEMONT OPERATION

Operating cost	Open-pit $/ounce	Open-pit $/ounce	Underground $/ounce	Underground $/ounce	Total $/ounce	Total $/ounce
Mining	407		790		554
Operating mine development capital	Nil		158		61
Milling	448		132		326
Royalties (at $1,650 gold price)	74		74		74
Total operating cost	929		1,154		1,015
Capital cost	Open-pit $M		Underground $M		Total $M
Preproduction capital	Nil		$29.4		$29.4
LOM development capital	Nil		$9.7		$9.7
Total capital cost	Nil		$39.1		$39.1
Maximum cumulative cash outflow	Nil		$38.5		$38.5
		Open-pit ‘000 tpa		Underground ‘000 tpa		Total ‘000 tpa
Average mining rate		1,500–1,620		480–600		2,100

• At LOM grades of the OP and UG operation (once UG mining at full mining capacity) the combined operation is expected to produce at a run rate in the order of 120 – 130 koz pa.

• c35 – 45 koz pa uplift on production from the average grade of the open pit alone.

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15 15

ROSEMONT UNDERGROUND POTENTIAL FOR RESOURCE EXTENSION

CONCEPTUAL LONG SECTION

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EXPLORATION FROM “WITHIN THE DRIVE”

• Significant opportunity to conduct exploration and resource drilling from a potential underground development between the two zones in the current MRE:

• Easier to hit targets than from surface or from within the open pit

• Much cheaper and quicker

• Aim is to establish a viable U/G mine on these two positions and then grow the scale of mining inventory and operations from that platform

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16 16

ROSEMONT UNDERGROUND POTENTIAL FOR RESOURCE EXTENSION

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• Resource covers less than 1.3km of 4km strike and max depth of 150m below open pit designs

• In some target areas drilling would be best done from within an underground mine development

• Q1 drilling 50 DD & RC holes for 15,292m, results (all outside UG resources):  6m @ 56.28g/t. Au from 126m 17m @ 6.31g/t. Au from 49m  6m @ 5.03g/t. Au from 392m 7m @ 5.91g/t. Au from 89m  5m @ 7.26g/t. Au from 331m 2m @ 51.16g/t. Au from 311m  4m @ 18.83g/t. Au from 20m 3m @ 14.74g/t. Au from 294m

• Infill & extensional drilling continuing Q2 FY19 and beyond, parallel with mine development

• Q1 drilling pointing to resource extension below and between the current UG resource area

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17 17

GARDEN WELL

UNDERGROUND PROJECT

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MULTIPLE HIGH GRADE SHOOTS BELOW GARDEN WELL PIT

• At least 4 high grade zones below southern end of GW pit

• Very significant underground target

• Zone of continuous mineralisation 4-10m true widths & 300m N-S strike

• 100 – 300m below surface, dipping east and open to south

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18 18

GARDEN WELL UNDERGROUND PROJECT

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SIGNIFICANT Q4 RESULTS

• Regis earlier drill results below pit include:

• 19.6m @ 9.47g/t Au from 318m

• 19m @ 6.38g/t Au from 131m

• 12m @ 9.52g/t Au from 179m  5m @ 22.48g/t Au from 192m

• 20m @ 4.28g/t Au from 270m

• Drill spacing in this area before Q3FY18 was 40 x 40m, not suitable for U/G resource

 Programme continued in Q1 with 29 holes completed for 6,304 metres.

• Significant results in Q1 include:

• 17m @ 4.99 g/t Au from 190m

• 14m @ 3.48 g/t Au from 195m

• 6m @ 2.90 g/t Au from 211m

• 11m @ 3.87 g/t Au from 231m

• 6m @ 2.77 g/t Au from 242m

• 4m @ 7.98 g/t Au from 236m

• RC and diamond drilling continuing in Q2:

• Infill of current 40 x 40m pattern

• Step out and depth extensional

• Targeting estimation of maiden UG resource in FY19:

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1919

McPHILLAMYS (NSW)

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ORGANIC GROWTH PROJECT

• Located in Central-West NSW

• Well established gold mining district

• Cadia, Cowal, Northparkes +45Moz*

• Gold resource 2.31Moz  Gold reserve 2.03 Moz  One of Australia’s larger undeveloped open pit opportunities

• PFS completed showing high quality and large scale project

• Targeting first production FY20

• Discovery Ridge project presents opportunity for higher grade, lower strip satellite for McPhillamys

• All 100% Regis owned

• Excellent organic growth for Regis

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• Recent quoted resources from public information

2020

McPHILLAMYS

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PEA – Preliminary Environmental Assessment EIS – Environmental Impact Statement DFS – Definitive Feasibility Study

EIS AND DFS UPDATE

• PEA formally submitted and DPE provided Regis with EARs during Q1

• A review of EIS work stream scopes underway to ensure EARs requirements fully addressed

• EIS work continuing with formal submission planned early in Q3

• Establishing CCC as required by DPE for a State Significant Project.

• Formalises path forward for the significant community consultation already underway

• DFS completion expected Q3

• Subject to numerous variables, capex indications are towards upper end of 2017 PFS estimate range ($215m +/- 25%)

• Exciting Discovery Ridge project to be included in DFS & expected to deliver significant value

• Investment decision expected Q3

• Development timetable to be updated on completion of DFS

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DPE – NSW Department of Planning & Environment CCC – Community Consultative Committee EARs – Secretary’s Environmental Assessment Requirements

2121

McPHILLAMYS

DISCOVERY RIDGE EXPECTED TO DELIVER SIGNIFICANT VALUE TO MGP

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• 100% owned Discovery Ridge deposit located 32km away from McPhillamys by major highway

• MRE of 13.84Mt @ 1.1g/t for 501koz*

• Results to date appear in line with historic results for both location and grade.

• Q1 drilling targeting depth extensions, 2,328m DD drilled

• Very strong results including:

• 129m @ 2.03g/t Au from 159m

  • Including 40m @ 3.53g/t Au from 214m

• 101m @ 2.17g/t Au from 222m

  • Including 39m @ 4.27g/t Au from 245m

• 65m @ 2.05g/t Au from 326m

• 162m @ 2.03g/t Au from 338m

  • Including 54m @ 3.93g/t Au from 353m

• MRE update and maiden Reserve expected early in Q3

• Discovery Ridge will be studied as a satellite operation to be developed with McPhillamys

• Targeting substantial satellite project with minimal capex, higher grade & lower strip than early years of McPhillamys

• Expected to deliver significant value

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*Refer to Regis announcement released on 23 February 2017

2222

MANAGING DIRECTOR & BOARD SUCCESSION

• Long serving Managing Director Mark Clark retiring:

• Jim Beyer appointed MD and CEO effective 15 October 2018

• Current director, James Mactier appointed Chairman effective late Nov18 (post AGM)

• Jim Beyer (MD & CEO)

• Past 6 years CEO of WA iron ore producer and explorer Mt Gibson Iron Limited (ASX:MGX). Prior to that role he was Chief Operating Officer of MGX.

• Extensive gold industry experience:

  • GM of Boddington Gold Mine, one of Australia’s largest gold mines (2007 to 2010)

  • GM of Pajingo Gold Mine (2004 to 2006)

• Previous senior mine management roles at WMC Resources and MIM Holdings.

• James Mactier (Chairman)

• For 15yrs joint head of Metals & Energy Capital div of Macquarie Bank (retired April15)

• Non Executive Director of Regis since Feb16

• Respected WA business leader with deep knowledge of financial markets, gold industry and broader resources landscape both in Australia and abroad.

• What to expect?

• Highly capable & experienced professionals with skills, discipline and drive to continue the strong management of current operations and to grow the company organically & through accretive acquisition

• Strong continuity through experienced COO & ED Paul Thomas & CFO Kim Massey

• Continuation of Regis culture

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2323

RECAP OF PRESENTATION

• Q1 gold production 90,879 ounces at AISC of A$923/oz

• Another very strong operational quarter at the Duketon project

• Production above mid-point of FY19 guidance & AISC below bottom of guidance

• Continued strong cash-flow from operations $77.9m for Q1 (Q4: $85.3m)  Cash and bullion holdings were $190m (Q4: $209m)

• $15.3m growth capex spent on satellite prestrips & TSF lifts (FY19f: $40m significantly weighted to H1)

• Board approved development of Rosemont UG operation

• Portal to be developed in Q3, development ore Sept19Q and production ore Dec19Q

• Exploration results indicating expansion opportunities beyond current stoping/resources

• Exploration efforts continue to deliver:

• Early stage drilling of Garden Well high grade underground targets very positive and suggest GW to follow same path as RMT

• Very strong extensional results at Discovery Ridge in NSW – exciting addition to MGP

• McPhillamys EIS and DFS work continuing

• PEA submitted and EARs issued, facilitating completion of EIS and DFS in Q3

• Investment decision expected Q3

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2424

APPENDIX 1 JORC COMPLIANT ORE RESERVE ESTIMATES 31 MARCH 2018

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	Group Ore Reserves	Group Ore Reserves	Group Ore Reserves	Group Ore Reserves
as at 31 March 2018
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	1.3	0.91	38	1.4	0.79	36	2.7	0.85	74	C
Garden Well1	Open-Pit	> 0.4	5.6	0.71	128	15.8	0.94	474	21.4	0.88	603	C
Rosemont1	Open-Pit	> 0.4	2.0	1.24	80	6.5	1.32	276	8.5	1.31	356	C
Duketon Main Deposits	Sub Total		8.9	0.86	246	23.7	1.03	787	32.6	0.99	1,033
Tooheys Well5	Open-Pit	> 0.5	0.0	-	0	7.1	1.61	366	7.1	1.61	366	C
Gloster1	Open-Pit	> 0.4	1.0	0.88	28	6.3	0.93	190	7.3	0.93	217	C
Erlistoun1	Open-Pit	> 0.5	0.1	1.10	3	3.4	1.39	154	3.5	1.39	157	C
Baneygo	Open-Pit	> 0.5	-	-	-	4.0	1.22	158	4.0	1.22	158	C
Petra	Open-Pit	> 0.4	-	-	-	0.9	1.11	31	0.9	1.11	31	C
Dogbolter	Open-Pit	> 0.4	-	-	-	1.6	1.18	61	1.6	1.18	61	C
Anchor	Open-Pit	> 0.4	-	-	-	0.1	1.87	7	0.1	1.87	7	C
Duketon Satellite Deposits	Sub Total		1.1	0.90	31	23.4	1.28	966	24.5	1.27	998
McPhillamys4	Open-Pit	> 0.4	-	-	-	60.1	1.05	2,034	60.1	1.05	2,034	C
Regis	Grand Total		10.0	0.86	278	107.2	1.10	3,787	117.2	1.08	4,065
Notes 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. 4. As reported 8th September 2017 5. As reported 4th July 2017 1. Mineral Resources and Ore Reserves are reported inclusive of ROM Stockpiles at cut-off grade of 0.4 g/t. 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.

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.

4. As reported 8th September 2017

5. As reported 4th July 2017

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APPENDIX 2 JORC COMPLIANT MINERAL RESOURCES 31 MARCH 2018

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	Group Mineral Resources	Group Mineral Resources	Group Mineral Resources	Group Mineral Resources
as at 31 March 2018
Gold			Measured			Indicated			Inferred			Total Resource			Competent Person2
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	5.1	0.82	135	17.1	0.69	377	11.6	0.70	261	33.8	0.71	773	A
Garden Well1	Open-Pit	0.4	6.5	0.71	147	51.6	0.83	1,377	10.8	0.76	264	68.9	0.81	1,787	A
Rosemont1	Open-Pit	0.4	2.5	1.20	95	14.9	1.17	562	0.8	1.36	36.58	18.3	1.20	694	A
Rosemont5	Underground	2.0	-	-	-	-	-	-	1.4	5.10	230	1.4	5.10	230	B
Duketon Main Deposits	Sub Total		14.1	0.83	378	83.6	0.86	2,315	24.6	1.00	792	122.4	0.89	3,485
Tooheys Well3	Open-Pit	0.4	0.0	0.86	0	15.8	1.18	601	1.1	0.89	31	17.0	1.16	633	A
Gloster1	Open-Pit	0.4	1.0	0.88	28	11.7	0.79	297	5.8	0.66	123	18.4	0.75	447	A
Baneygo	Open-Pit	0.4	-	-	-	9.2	0.96	283	1.9	0.95	57	11.1	0.96	340	A
Erlistoun1	Open-Pit	0.4	0.1	1.10	3	5.3	1.27	215	0.6	0.99	19	5.9	1.24	237	A
Dogbolter	Open-Pit	0.4	-	-	-	4.0	1.04	141	0.1	1.39	5	4.1	1.10	146	A
Russells Find	Open-Pit	0.4	-	-	-	2.2	1.06	75	0.3	0.98	11	2.5	1.05	86	A
Petra	Open-Pit	0.4	-	-	-	1.3	1.07	44	0.8	0.67	18	2.1	0.91	62	A
KingJohn	Open-Pit	0.4	-	-	-	-	-	-	0.8	1.56	42	0.8	1.56	42	A
Reichelts Find	Open-Pit	0.4	-	-	-	0.6	2.18	43	0.3	2.26	21	0.9	2.21	64	A
Anchor	Open-Pit	0.4	-	-	-	0.2	1.75	9	0.1	0.95	2	0.2	1.53	11	A
Duketon Satellite Deposits	Sub Total		1.1	0.90	31	50.2	1.06	1,707	11.8	0.87	329	63.2	1.02	2,067
Duketon	Total		15.2	0.84	409	133.8	0.93	4,022	36.5	0.96	1,121	185.5	0.93	5,552
McPhillamys4	Total	0.4	-	-	-	67.7	1.05	2,282	1.2	0.64	25.46	68.9	1.04	2,307	A
Regis	Grand Total		15.2	0.84	409	201.6	0.97	6,304	37.7	0.95	1,146	254.5	0.96	7,859
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. 3. As reported 4th July 2017 4. As reported 8th September 2017 5. As reported 12th March 2018 1. Mineral Resources and Ore Reserves are reported inclusive of ROM Stockpiles at cut-off grade of 0.4 g/t. 2. Refer to Group Competent Person Notes.

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. Refer to Group Competent Person Notes.

3. As reported 4th July 2017

4. As reported 8th September 2017

5. As reported 12th March 2018

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