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REGIS RESOURCES LIMITED Interim / Quarterly Report 2018

Apr 17, 2018

65733_rns_2018-04-17_9c91a90f-fcea-47f5-9f2f-519b7da6043e.pdf

Interim / Quarterly Report

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Quarterly Report to 31 March 2018

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HIGHLIGHTS

DUKETON OPERATIONS

  • Quarterly gold production of 85,331 ounces (Dec 17: 92,113 ounces) at Duketon was a run rate in line with the middle of annual production guidance and a strong result given rain impact on high grade ore haulage from satellite operations.

  • Year to date gold production of 269,365 ounces at an AISC of $873 per ounce puts Regis on track to achieve annual production at the upper end of the guidance range of 335,000 - 365,000 ounces. Annual guidance refined to 355,000 - 360,000 ounces.

  • Pre-royalty cash cost for the quarter of $752 per ounce and all in sustaining cost (AISC) of $906 per ounce (Dec 17: CC $689/oz & AISC $855/oz) were both well below the lower end of FY2018 annual cost guidance of $940-$1,010 per ounce.

CORPORATE

  • Fully franked interim dividend of 8 cents per share declared and paid in the March 2018 quarter. Dividend represents an industry leading payout ratio of 13% of revenue.

  • Cash flow from operations of $71.0 million for the March 2018 quarter (Dec 17: $83.8m). Cash and bullion of $167.9 million at the end of the quarter (Dec 18: $172.0 million).

  • Effective cash build of $37.5 million after the payments for dividend ($40.3m) and land acquisitions ($1.3m) during the quarter.

  • Regis sold 76,399 ounces of gold at an average price of A$1,688 per ounce during the quarter (Dec 18: 104,408 ounces at $1,655/oz).

ROSEMONT MAIDEN UNDERGROUND RESOURCE

  • Maiden Inferred Underground Mineral Resource Estimate (‘MRE’) at Rosemont of 1.4 Mt @ 5.1 g/t gold for 230 Koz of gold at a 2.0g/t gold cut-off grade.

  • The underground MRE for Rosemont confirms the project has significant potential to deliver high grade mineralisation to the 2.4Mtpa Rosemont plant.

  • A full mining study and other technical assessments are underway, with a view to supporting a board development decision by the end of the June 2018 quarter.

DEVELOPMENT – MCPHILLAMYS GOLD PROJECT

  • Regis finalising consultation with regulators on infrastructure layout to confirm outcomes of its investigations and is targeting formal submission of the PEA during the June 2018 quarter.

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Page 1

Quarterly Report to 31 March 2018

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HIGHLIGHTS (CONTD)

EXPLORATION

  • Drilling (DD and RC) targeting underground resources at Rosemont continue to return very encouraging intercepts including:

9 metres @ 10.71 g/t gold from 129 to 138m 4 metres @ 27.5 g/t gold from 310 to 314m 16 metres @ 7.33 g/t gold from 130 to 146m 6 metres @ 27.91 g/t gold from 201 to 207m

  • RC drilling targeting underground resources at Garden Well also returned very encouraging intercepts including:

15 metres @ 8.5 g/t gold from 285 to 300m 12 metres @ 4.23 g/t gold from 276 to 288m 9 metres @ 3.44 g/t gold from 301 to 310m 5 metres @ 8.90 g/t gold from 332 to 337m

  • RC drilling targeting extensions to the Baneygo project at depth and along strike also returned very encouraging intercepts including:

11 metres @ 12.37 g/t gold from 111 to 122m 30 metres @ 3.33 g/t gold from 46 to 76m 15 metres @ 3.49 g/t gold from 60 to 75m 12 metres @ 2.88 g/t gold from 146 to 158m

  • Final results of McPhillamys DD drilling programme returned including 248m at 1.76 g/t Au from 231m. Results confirm mineralisation extending beyond current pit design.

  • Infill and extensional drilling at Discovery Ridge ongoing, with a best result of 117m at 2.48 g/t Au from 128m extending into a deeper area of the resource with very limited drilling density.

-ENDS-

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Page 2

Quarterly Report to 31 March 2018

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DUKETON OPERATIONS

The Duketon Gold Project achieved quarterly gold production of 85,331 ounces in the March 2018 quarter (Dec 17: 92,113 ounces). As flagged in the December 2017 quarterly report, production at DNO was expected to be lower in the March 2018 quarter as the mining of the Gloster pit moves through the higher grade supergene zone and grade returns to the life of mine average. Production in the March 2018 quarter was also impacted by adverse weather which impeded mining activities. A total of 22 rain days during the quarter disrupted haulage of high grade ore from satellite operations and affected mining of the open pits at Duketon.

Although production was 7% lower than the all-time record production of the December 2017 quarter it was at a run rate around the mid-point of annual production guidance. Pleasingly the pre-royalty cash cost for the quarter of $752 per ounce and the all in sustaining cost (AISC) of $906 per ounce were both well below the lower end of annual cost guidance.

Year to date production of 269,365 ounces is at the upper end of annual production guidance run rate with AISC of $873 per ounce well below annual cost guidance. With a strong June 2018 quarter forecast, full year production is expected to be 355,000 - 360,000 ounces which is at the upper end of guidance (335,000-365,000 ounces). Full year costs are expected to be below the lower end of AISC guidance of $940 – $1,010 per ounce.

Operating results for the Regis group for the March 2018 quarter were as follows:

DNO DSO TOTAL
Ore mined(Mbcm) 0.4 0.6 1.0
Waste mined (Mbcm) 1.3 3.5 4.8
Strippingratio(w:o) 3.1 5.6 4.6
Ore mined(Mtonnes) 0.8 1.6 2.4
Ore milled(Mtonnes) 0.80 1.67 2.47
Headgrade (g/t) 0.95 1.25 1.15
Recovery (%) 93.4 93.8 93.7
Goldproduction(ounces) 22,724 62,607 85,331
Cash cost(A$/oz) 732 760 752
Cash cost inc royalty(A$/oz) 799 826 819
All in SustainingCost(A$/oz)1 879 916 906

1 AISC calculated on a per ounce of production basis

Duketon Northern Operations (DNO)

DNO produced 22,724 ounces of gold at an AISC of $879 per ounce in the March 2018 quarter.

Production was 21% lower than the December 2017 quarter due to the scheduled mining and processing of lower grade ore from the Gloster deposit. As reported in the December 2017 quarterly report, processed grade at DNO was expected to reduce in the current quarter as mining at the Gloster deposit moved beyond the higher grade supergene zone. Accordingly the head grade of ore processed in the quarter was 21% lower than the previous quarter as the grade of processed ore aligns with the life of mine average head grade. Production at DNO in the June 2018 quarter is expected to be consistent with the March 2018 quarter.

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Quarterly Report to 31 March 2018

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AISC increased to $879 per ounce (Dec17: $661/oz) as a result of lower production and increased stripping ratios at DNO. The stripping ratio increased from 2.2:1 to 3.1:1 in the March 2018 quarter as a result of mining a greater proportion of scheduled higher strip oxide material from Moolart Well. Mining rates slowed at Gloster as a result of weather conditions and the relocation of an excavator to Moolart Well. Mining rates at Gloster are expected to continue to decline in the June 2018 quarter as stockpiled Gloster ore is processed and part of the excavation fleet is relocated to other satellite projects (Dogbolter, Anchor and Coopers) to commence pre-strip mining.

Duketon Southern Operations (DSO)

DSO produced 62,607 ounces of gold at an AISC of $916 per ounce in the March 2018 quarter.

DSO gold production was consistent with the previous quarter despite the impact of significant rainfall across the project area. A total of 25 days of high grade ore haulage from Erlistoun was lost during the quarter which resulted in lower grade Garden Well ore being processed. AISC of $916 per ounce for the March 2018 quarter was 3% lower than the previous quarter despite the impact of adverse weather conditions on grade delivered to the mill. Production in the June 2018 quarter is expected to increase as higher grade ore from the final stages of the starter pits at Erlistoun is mined and processed.

The commencement of pre-strip mining at the high grade (1.61g/t) Tooheys Well satellite pit saw the stripping ratio at DSO increase from 4.3:1 to 5.6:1 in the March 2018 quarter (4.2 excluding Tooheys Well). A total of 924,000 BCM of pre-strip material was mined at Tooheys Well with this cost included in growth capital. First gold production from Tooheys Well is expected in the December 2018 quarter. Stripping ratios are expected to increase in the June 2018 quarter as pre-strip mining advances at Tooheys Well.

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Pre-strip mining at Tooheys Well

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Quarterly Report to 31 March 2018

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CORPORATE

Half Year Results and Dividend

In February 2018 Regis announced a record half year net profit after tax of $84.6 million for the six months to 31 December 2017. This result represents a 39% increase to the $61.0 million net profit after tax reported in the first half of FY2017. As a result of this profit and continued strong cash generation, the Company declared a fully franked interim dividend of 8 cents per share. The interim dividend was paid in March 2018 and represented a payout ratio of 13% first half revenue. Since 2013 Regis has paid a total of $285 million in fully franked dividends, representing 57 cents per share.

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Earnings & Dividend Per Share
30 27.6
25 22.4
20 17.4 17.3
15
13
15
8
10 6
5
0
FY2015 FY2016 FY2017 FY2018 (H1)
EPS Dividend per Share
Cents per Share
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Gold Sales & Hedging

During the March 2018 quarter, Regis sold 76,399 ounces of gold at an average price of A$1,688 per ounce (Dec 17: 104,408 ounces at A$1,655 per ounce). In addition the Company had 25,474 ounces of gold on hand at 31 March 2018 (Dec 17: 17,149 ounces). The total hedging position at the end of the quarter was 414,300 ounces of spot deferred contracts with a delivery price of A$1,564 per ounce.

Cash Position

The Duketon project generated operating cash flow of $71.0 million in the March 2018 quarter. Cash and bullion at the end of the quarter was $167.9 million (Dec17: $172.0 million) which represented an effective cash build of $37.5 million after allowing for the $40.3 million dividend payment and $1.3 million McPhillamys property acquisitions made in March 2018. The following waterfall chart shows the movement in cash reserves over the quarter.

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Cash & Gold on Hand ‐ Q3 Movements
$260.0m
$71.0m
$240.0m
$220.0m
$200.0m
($40.3m)
$180.0m $172.0m ($9.9m) $167.9m
($7.5m) ($7.5m)
$160.0m ($8.9m)($1.0m)
$140.0m
$120.0m
$100.0m
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Quarterly Report to 31 March 2018

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ROSEMONT MAIDEN UNDERGROUND RESOURCE

Background

During the quarter Regis announced a maiden underground Resource at the Rosemont Gold Project of 1.4Mt at 5.10g/t for 230,000 ounces.

The Rosemont Project is an operational open pit gold mine (commenced in March 2013) with a standalone crushing and grinding plant, piping an ore slurry to the Garden Well CIL processing facility. The current open pit mine is expected to continue until at least FY2024.

The geology at Rosemont has gold hosted in the steeply dipping 345° trending Rosemont Dolerite unit intruding into an ultramafic sequence. Gold mineralisation is within a brittle quartz-dolerite phase of the Rosemont Dolerite, primarily occurring within discrete, steeply dipping, quartz-dolerite parallel, en-echelon and stacked vein structures. The quartz-dolerite varies from 5 metres, up to 100 metres wide.

Drilling completed at Rosemont over the previous six quarters includes 287 RC holes for 48,663m and 11 DD holes for 3,656m. The majority of this drilling was aimed at increasing data-density and geological understanding in the two zones of this study. RC and diamond drilling in the September and December 2017 quarters helped to further define high grade gold mineralisation in two distinct zones beneath the life of mine open pit designs to a sufficient level to support an underground MRE.

The MRE was completed by independent and highly regarded geological consultancy group Entech Pty Ltd (‘Entech’). It is the result of a detailed mineralisation domaining study, focused on delineation of primary mineralisation controls within the quartz-dolerite.

Maiden Underground Resource

A Maiden Underground MRE has been estimated at a 2.0g/t gold lower cut for the Rosemont gold deposit and is reported as follows:

Project Resource
Category
Cut‐Off
(g/t)
Tonnes
(Mt)
Gold
Grade
(g/t)
Gold
Metal
(koz)
Rosemont Main Inferred 2.0 0.4 7.19 102
Rosemont South Inferred 2.0 1.0 4.14 128
Total 1.4 5.10 230

The underground MRE will be subject to further infill and extensional drilling with a view to both expanding the Resource and estimating a maiden Ore Reserve.

The discrete areas included in this underground MRE and the delineation between this resource and the existing March 2017 open pit MRE (depleted to the 31 January 2018 mining surface) are shown in the following long section:

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Quarterly Report to 31 March 2018

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Geology & Cross Sections

Two cross sections below show the nature of gold mineralisation at Rosemont. The locations of these cross sections are also shown on the long section above.

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The mineralised zones align very closely to the orientation of the quartz-dolerite. This interpretation is supported by open pit mining in fresh rock, structural interpretation of diamond core and lithological/alteration/veining interpretation.

Development Pathway

Regis has engaged Mining Plus Pty Ltd to conduct a mining scoping study, which will now be updated to incorporate the reported Rosemont underground MRE. This update of the study is expected to be finalised shortly. The scoping study is expected to be progressed in to a full mining study along with geotechnical, hydrogeological, infrastructure and other technical assessments in the June 2018 quarter. This work will form the basis for a board decision, planned for late in the June 2018 quarter, on development of the Rosemont underground project.

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Quarterly Report to 31 March 2018

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Exploration Upside at Rosemont

The maiden underground MRE is only estimated for two initial and discrete zones and only extends to a maximum depth of 150 metres below the base of the current Ore Reserve pit design in these areas. There are numerous high-grade intercepts outside of the two zones of this underground MRE. The drilling density in these areas is currently not sufficient to accurately define the orientation, continuity and volumes of mineralisation domains, nor for classification as Mineral Resources. These areas are high priority targets for infill drilling to add to the maiden Resource with drilling active and ongoing. In addition to this continuing infill drilling, further deep drilling is planned with the aim of intercepting the mineralised quartz-dolerite at depth and down plunge from the current MRE .

In the immediate future drilling will continue in the red shaded zone of the Rosemont Main area shown on the long section below with the aim of enabling the extension of the Inferred underground MRE into the target areas.

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The existing open pit excavation, operations and infrastructure inhibit drilling some targeted holes from the most ideal collar positions. As is the industry experience with most underground mines it is expected that the final infill drilling phase to reach Indicated Resources for a large portion of the deposit will likely be completed from underground positions.

Further, as can be seen in the conceptual long section below there would be significant opportunity to conduct exploration and resource drilling from a potential underground development between the two zones should underground mining ultimately be commenced on the two current underground resource positions at Rosemont.

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Quarterly Report to 31 March 2018

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EXPLORATION

Overview

Exploration at Duketon during the March 2018 quarter included reverse circulation (RC) and diamond drilling (DD) at the Rosemont underground project, infill and extensional RC drilling at Baneygo and Garden Well, and infill aircore (AC) and RC drilling at Moolart Well. AC and RC sterilisation drilling was undertaken at Coopers, Dogbolter and Anchor in preparation for mining these deposits. Regional exploration continued with AC drill programmes conducted at Bella Well, Little Well, Paddy Well, The Ranch and Ten Mile Bore prospects.

In NSW, encouraging results were returned from RC/DD drilling at the Discovery Ridge satellite project and also from several DD holes drilled below the base of the planned McPhillamys open pit. RC sterilisation drilling at McPhillamys was completed during the quarter for infrastructure purposes.

Drilling statistics are shown below:

Prospect AC DD RC RC/DD Grand
Total
Anchor 720 2,042 2,762
Baneygo 7,346 7,346
Bella Well 1,996 1,996
Coopers 1,204 1,204
Dogbolter 430 430
Garden Well 12,023 12,023
Idaho 1,829 1,829
Little Well 2,296 2,296
McKenzie 756 756
Moolart Well 2,461 8,163 10,624
PaddyWell 4,128 4,128
Ranch 2,617 2,617
Rosemont 4,544 4,958 1,574 11,076
Ten Mile Bore 1,998 1,998
McPhillamys 790 790
DiscoveryRidge 876 2,361 3,237
Grand Total 17,850 5,420 37,907 3,935 65,112

Duketon Gold Project

During the March 2018 quarter 61,085 metres of drilling was completed across the Duketon tenements. Drilling programmes during the quarter were conducted for mine resource development, regional exploration and sterilisation.

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Quarterly Report to 31 March 2018

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Regis Duketon tenement package

Rosemont Underground Resource Drilling

The first phase of RC and DD drilling has successfully confirmed continuity of significant gold mineralisation within the quartz dolerite host to 380m below surface. As reported above this resulted in a maiden Inferred Underground Resource of 1.4MT @ 5.1 g/t gold for 230,000 ounces.

RC and DD drilling continued during the quarter at Rosemont from surface and in-pit, when mining activities permitted, to test continuity of strike and down plunge extensions of gold mineralisation within and outside the current UG resource envelope.

Assays were received for 31 RC holes (5,484m), 8 RCD holes (2,650m), and 3 DD holes (887m). Significant results from the RC and diamond drill programme at Rosemont (all outside the reserves and not yet included in the Underground MRE) during the quarter include:

  • 5.95m @ 10.65g/t Au from 232m in hole RRLRMRCD022

  • 13m @ 5.45g/t Au from 151m RRLRMRC727

  • 2m @ 37.28g/t Au from 119m RRLRMRC717

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Quarterly Report to 31 March 2018

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  • 9m @ 9.91g/t Au from 139m

  • 9m @ 10.71g/t Au from 129m

  • 4m @ 27.5g/t Au from 310m

  • 16m @ 7.33g/t Au from 130m

RRLRMRC728 RRLRMRC725

RRLRMRC733

RRLRMRC709

  • 6m @ 27.91g/t Au from 201m RRLRMRC712

Hole azimuths and dips for all holes are in Appendix 2 to this report. All intercepts calculated using a 2.0 g/t lower cut, no upper cut, maximum 2m internal dilution. All assays determined on 1m split samples or ½ core samples by fire assay.

Regis aims to continue the UG resource definition drilling to extend existing and identify new high grade lodes, ultimately down to 1000m below surface. This programme will continue from surface and from within the open pit workings until (subject to board approval) UG development commences and drill drives are constructed to allow for diamond exploration drilling from underground.

Garden Well Underground Project

RC drilling commenced at the southern end of the Garden Well deposit to test the continuity of high grade gold mineralisation located below the final pit design and reduce drill spacing from 40m x 40m to 40m x 20m. A total of 43 holes for 12,023 metres were drilled with assays returned for 27 holes and assays pending for 16 holes.

Significant widths and grades of gold mineralisation returned in drilling to date indicate the potential for a robust underground target below the southern end of the open pit. Known mineralisation measures 4-10m true widths across strike and 300 metres north-south along strike. The zone of mineralisation currently being tested is located between 100 to 300 metres below surface, dips to the east, and is open at depth and to the south.

Significant results from drilling during the quarter testing the Garden Well underground gold target located beneath the southern end of the open pit include:

  • 13m @ 2.86 g/t Au from 211m in hole RRLGDRC569

  • 6m @ 2.86 g/t Au from 267m RRLGDRC572  15m @ 8.5 g/t Au from 285m RRLGDRC572

  • 12m @ 4.23 g/t Au from 276m RRLGDRC574

  • 9m @ 3.44 g/t Au from 301m RRLGDRC575

  • 5m @ 8.90 g/t Au from 332m RRLGDRC575

  • 6m @ 3.41 g/t Au from 220m RRLGDRC581

Hole azimuths and dips for all holes are in Appendix 2 to this report. All intercepts calculated using a 2.0 g/t lower cut, no upper cut, maximum 2m internal dilution. All assays determined on 1m split samples by fire assay.

This initial phase of RC drilling has confirmed the continuity of grade down dip within the moderately south plunging high grade shoot. Gold mineralisation is open along strike, and down plunge. Step out and deep extensional RC and diamond drilling will continue in the June 2018 quarter.

The long section and cross sections below give the location of the intercepts above.

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Garden Well Long Section Southern End of Pit

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Cross section 6911660mN

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Cross section 6911700mN

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Quarterly Report to 31 March 2018

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Moolart Well Gold Mine

An extensive AC and RC programme commenced at Moolart Well to test down dip extensions of gold mineralisation within the resource envelope but outside current Reserve pits with a view to increasing data density with a view to underpinning the extension of open pit reserves at Moolart Well.

A total of 34 AC holes for 2,461 metres and 66 RC holes for 8,163 metres were completed. Significant results received (all outside current reserve pit design) include:

  • 15m @ 1.25g/t Au from 95m in hole RRLMWRC1457

  • 2m @ 6.56g/t Au from 120m RRLMWRC1459

  • 10m @ 1.12g/t Au from 35m RRLMWRC1466

  • 4m @ 2.68g/t Au from 66m RRLMWRC1466

  • 3m @ 7.96g/t Au from 89m RRLMWRC1487

  • 7m @ 1.44g/t Au from 111m RRLMWRC1488

  • 6m @ 2.10g/t Au from 120m RRLMWRC1489

  • 12m @ 1.33g/t Au from 182m RRLMWRC1489

  • 6m @ 3.74g/t Au from 128m RRLMWRC1494

  • 9m @ 1.28g/t Au from 36m

  • RRLMWRC1496

  • 3m @ 22.01g/t Au from 145m RRLMWRC1498

Hole azimuths and dips for all holes are in Appendix 2 to this report. All intercepts calculated using a 0.5 g/t lower cut, no upper cut, maximum 2m internal dilution. All assays determined on 1m split samples by fire assay.

Drilling will continue in the June 2018 quarter.

Baneygo Project

A total of 86 RC holes for 7,346 metres were completed during the quarter. The RC drilling programme is designed to upgrade the category of Inferred resources both inside and below the current pit designs, with Ore Reserve estimation updates to follow. The programme is also targeting gaps in drill coverage along the existing 2.5 kilometres of strike with a view to adding resources.

Encouraging results were returned along the strike of the Baneygo project and below the base of the pit design. Significant results received include:

  • 11m @ 12.37g/t Au from 111m in hole RRLBYRC542 (*F)

  • Including 6m @ 21.83g/t Au

 6m @ 5.13g/t Au from 149m RRLBYRC536 (*F)

  • Includes 1m @ 25.40g/t Au

  • 17m @ 2.84g/t Au from 158m RRLBYRC536 (*F)

  • Includes 2m @ 12.54g/t Au

  • 30m @ 3.33g/t Au from 46m RRLBYRC510 (*)

  • 6m @ 10.09g/t Au from 119m RRLBYRC511 (*F)

  • Includes 1m @ 56.50g/t Au

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Quarterly Report to 31 March 2018

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  • 20m @ 2.62g/t Au from 70m o Includes 3m @ 12.49g/t Au

  • 15m @ 3.49g/t Au from 60m

  • 30m @ 1.30g/t Au from 37m

  • 7m @ 5.50g/t Au from 71m

  • 2m @ 19.00g/t Au from 129m

  • 12m @ 2.88g/t Au from 146m

  • 12m @ 2.82g/t Au from 44m

  • 1m @ 33.5g/t Au from 144m

RRLBYRC521 (F)

RRLBYRC482 () RRLBYRC532 RRLBYRC531 (F) RRLBYRC522 (F) RRLBYRC523 (*F) RRLBYRC496

RRLBYRC518 (*F)

  • 5m @ 6.03g/t Au from 133m RRLBYRC517 (*F)

  • Outside current reserve pit design. F = fresh rock intercept Hole azimuths and dips for all holes are in Appendix 2 to this report. All intercepts calculated using a 0.5 g/t lower cut, no upper cut, maximum 2m internal dilution. All assays determined on 1m split samples by fire assay.

The remainder of the infill and extensional drilling programme will be completed over the next quarter. A programme of deeper drilling will also be undertaken to assess the continuity of high grade intercepts received in fresh rock below current pit designs. Several of these very encouraging intersections below the current pit design are shown on the following cross section.

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Quarterly Report to 31 March 2018

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Regional Prospects

Reconnaissance drilling at the Bella Well, Little Well, Paddy Well, The Ranch and Ten Mile Bore regional prospects was completed during the quarter. AC drilling at the Little Well and Ventnor prospect returned encouraging assays which will be follow up in the current quarter. Assays for this drilling are included in Appendix 2.

Little Well

The Little Well prospect is located 5 kilometres NNW along strike of the Rosemont Gold Mine. The exploration target extends for 3 kilometres along a zone of structural complexity along an intermediate/dolerite contact with an 8ppb Au lag anomaly and anomalous historical AC drill results. 28 AC holes were drilled for 2,296 metres to follow up the following broadly spaced historical intercepts:

  • 44m @ 1.43 g/t Au from 20m in hole GPABAN93

  •  8m @ 1.06 g/t Au from 36m GPABAN23

  • 9m @ 1.20 g/t Au from 52m RRLLWAC012

Results to date from March 2018 quarter drilling confirm the strike extension of gold mineralisation over 800 metres closely associated with a sheared dolerite contact. Significant results from the first phase of AC drilling include:

  • 8m @ 1.23g/t Au from 32m in hole RRLLWAC127  4m @ 8.43g/t Au from 48m RRLLWAC130

Hole azimuths and dips for all holes are in Appendix 2 to this report. All intercepts calculated using a 0.5 g/t lower cut, no upper cut, maximum 2m internal dilution. All assays determined on 4m composite spear samples by aqua regia.

Further drilling is planned to follow up these encouraging intercepts and test the entire strike extent of the 3 kilometre lag anomaly.

Ventnor

The Ventnor prospect extends over 5 kilometres and is within 10 kilometres of the Moolart Well processing facility. A 25ppb gold lag anomaly extends for over 5 kilometres N-S along a lithological contact. Gold mineralisation is associated with shear zones along a dolerite/diorite contact, similar to the Moolart Well satellite deposits, Coopers and Dogbolter.

Assay results were received for 66 AC holes (5,029 metres) drilled during the December 2017 quarter. Significant results returned during the March 2018 quarter confirm shallow oxide gold mineralisation:

  • 5m @ 1.60g/t Au from 18m in hole RRLVNAC018  3m @ 5.92g/t Au from 62m RRLVNAC024  5m @ 1.72g/t Au from 103m RRLVNAC034

Hole azimuths and dips for all holes are in Appendix 2 to this report. All intercepts calculated using a 0.5 g/t lower cut, no upper cut, maximum 2m internal dilution. All assays determined on 1m spear samples by fire assay.

Further AC drilling is planned in the current quarter to follow up on anomalous intercepts and define the extents of oxide gold mineralisation at Ventnor.

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McPhillamys Gold Project NSW

The 100% Regis owned McPhillamys Gold Project is one of Australia’s larger undeveloped open pittable gold resources. The project is located approximately 250km west of Sydney, in Central West NSW, a well-established mining district. In September 2017, Regis reported a reserve of 60.1Mt @ 1.05g/t. Au for 2.03Moz.

Exploration work conducted during the quarter included the completion of RC/DD drilling at the Discovery Ridge project and RC sterilisation drilling for infrastructure purposes at the McPhillamys Gold project.

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NSW Exploration leases and the McPhillamys Gold Project location including the new Blayney tenement with the Discovery Ridge Project location.

A total of 8 diamond holes (3,953m) were drilled at McPhillamys in the December 2017 quarter to infill deeper parts of the Reserve and also to test for extensions to the gold mineralisation below the current pit design. Final analytical results were returned for the last diamond drill holes in this programme. These results confirm that gold mineralisation continues beyond the current pit design and remains open down plunge. Significant DD results received this quarter for the last two holes in the programme include:

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Hole azimuths and dips for all holes are in Appendix 2 to this report. All intercepts calculated using a 0.3 g/t lower cut, no upper cut, maximum 6m internal dilution. All assays determined on ½ core samples by fire assay.

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Discovery Ridge Gold Deposit

The 100% owned Discovery Ridge deposit is located approximately 32km from Regis’ development project McPhillamys Gold Project.

It is a shear hosted gold deposit located in strongly foliated, fine-grained metasediments of the Ordovician Coombing and Adaminaby Formations. The deposit is located within the hinge zone of a tight, steep north plunging D2 fold on the contact of the Adaminaby Group with the Coombing Formation. The deposit has a known strike length in the order of 200 metres and comprises a welldefined steeply north pitching East Lode with widths of around 50 metres and known depths of up to 500 metres and a parallel but more diffuse West Lode of similar orientation.

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Discovery Ridge cross section 22,400mN (local grid)

A total of 3,237m of RC/Diamond drilling was undertaken at Discovery Ridge in the March 2018 quarter taking total Regis drilling since acquisition of the project to 5,372m. The ongoing drill programme is aimed at providing sufficient information to allow the estimation of an updated MRE and maiden Ore Reserve. Significant RCD results received during the quarter include:

48.9m @ 2.07g/t Au from 70.1m in hole RRLDRRCD010 48.9m @ 2.07g/t Au from 70.1m in hole RRLDRRCD010
26.6m @ 3.01g/t Au from 128m RRLDRRCD010
147m @ 1.26g/t Au from 145m RRLDRRCD011
117m @ 2.48g/t Au from 128m RRLDRRCD012
42m @ 2.29g/t Au from 90m RRLDRRCD015
32m @ 1.31g/t Au from 143m RRLDRRCD015

Hole azimuths and dips for all holes are in Appendix 2 to this report. All intercepts calculated using a 0.3 g/t lower cut, no upper cut, maximum 6m internal dilution. All assays determined on 1m split samples or ½ core samples by fire assay

Drill results have confirmed the location and tenor of historical gold intercepts and will contribute to an updated MRE and maiden Ore Reserve estimation for Discovery Ridge in the June 2018 quarter. It was also encouraging that the very significant intercept of 117m @ 2.48g/t extends into a deep area of the resource with very limited drilling density.

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DEVELOPMENT - MCPHILLAMYS GOLD PROJECT (MGP)

Environmental Impact Statement (EIS)

A draft Preliminary Environmental Assessment (PEA) was submitted during the December 2017 quarter and preliminary feedback given by the various government departments to be involved in the regulatory assessment of the project.

During the March 2018 quarter work was focussed on resolving issues associated with finalising the infrastructure layout and in particular the location of the tailings storage facility (TSF). The TSF location is subject to the interaction of a number of regulations involving surface water harvesting, water access licencing and dam classification. During the quarter Regis continued investigating these issues and has further advanced towards resolving a final layout. The Company is now targeting formal submission of the PEA during the June 2018 quarter.

This will trigger the Department of Planning and Environment (DPE) to provide the Secretary’s Environmental Assessment Requirements (SEARs) for the project. The SEARs allow for the Environmental Impact Statement (EIS) to be appropriately focussed so as to enable regulatory assessment of the project.

Definitive Feasibility Study

The various elements of the Definitive Feasibility Study (DFS) into the development of the MGP continue to progress with activity in all the principal areas of the study. The completion of the DFS has been delayed primarily due to ongoing analysis of the project infrastructure layout, in particular the TSF location as noted above.

Process Water Supply

Regis is progressing pipeline route access to utilise water from the Mt Piper Power Station and Centennial Mine near Lithgow. This is one of the two long term water supply options for the project. Finalising of a binding agreement with Centennial Coal Company Limited (“Centennial”) and Energy Australia Pty Ltd (“EA”) for Regis to utilise the water is progressing.

Regis also continues to hold approximately 4.5GLpa of ground water access licences in a zone of the Lachlan catchment, approximately 80 kilometres from MGP as an alternative water supply.

Target Development Timetable

As noted above, resolution of the permitting position in relation to the site layout is expected to be resolved in the current quarter and this will allow completion of the DFS and update of the development timetable to follow.

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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 Ms Tara French who is a member of the Australian Institute of Mining and Metallurgy. Ms French has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which she 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’. Ms French is a full time employee of Regis Resources Ltd and consents to the inclusion in the report of the matters based on her information in the form and context in which it appears.

The information in this report that relates to the Company’s Resources and Ore Reserves is extracted from the ASX announcement released on 14 July 2017 entitled “Mineral Resource and Ore Reserve Statement as at 31 March 2017” and the ASX announcement released on 8 September 2017 entitled “2.03 Million Ounce Maiden Gold Reserve at McPhillamys” and the ASX announcement released on 12 March 2018 entitled “Regis Targets Underground Mine at Rosemont With Maiden Underground Resource of 230 Koz” 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 [email protected]

Directors

Mr Mark Clark (Executive Chairman) Mr Paul Thomas (Executive Director) Mr Mark Okeby (Non-Executive Deputy Chairman) Mr Ross Kestel (Non-Executive Director) Mr James Mactier (Non-Executive Director) Mrs Fiona Morgan (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 2018)

Security Code No. Quoted
Ordinary Shares RRL 504,331,397

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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
Rosemont:
The Rosemont gold deposit was sampled using Reverse Circulation (RC) and NQ
Diamond (DD) drill holes on a nominal 20m east by 20m north initial grid spacing
angled -60° towards 254° or 074° azimuth.
examples should not be taken as limiting the broad meaning of Baneygo, Garden Well, Moolart Well, and McPhillamys:
sampling. The gold projects above were sampled using Reverse Circulation (RC) drill holes
or Air Core (AC) drill holes on various grid spacings angled -50 to -70° to varying
azimuths designed to drill perpendicular to the strike of mineralisation.
Discovery Ridge:
The Discovery Ridge gold deposit was sampled using Reverse Circulation (RC)
and NQ Diamond (DD) drill holes on a select pattern to infill larger data gaps, which
were drilled angled -60 to 65° towards 240° azimuth.
Other Regional Prospects:
The Regional Prospects were sampled using Air Core (AC) drill holes or Reverse
Circulation (RC) drill holes on various grid spacings angled -60° towards varying
azimuths designed to drill as close as possible to perpendicular to the strike of
mineralisation.
Include reference to measures taken to ensure sample
representivity and the appropriate calibration of any measurement
tools or systems used.
Regional Projects Air Core:
Regis drill hole collar locations were picked up by handheld GPS. Hole azimuths
were measured at the collar using a Suunto sighting compass.
All Gold Projects AC, RC, DD:
Regis drill hole collar locations were picked up by an independent registered
consulting surveyor or site-based authorised surveyors using Trimble RTK GPS.
Downhole surveying was measured by using either a Reflex EZ-Shot Downhole
Survey Instrument or North Seeking Gyro based tool where magnetic host rock

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would affect azimuth readings. The surveys were completed every 30m down each
drill hole.
Diamond drill 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 20th
sample (DD only) or every 25th sample (RC and AC) to assess the accuracy and
methodology of the external laboratories, and field duplicates (RC and AC 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.
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
Rosemont, Baneygo, Garden Well, Moolart Well, Discovery Ridge, and
McPhillamys:
For the Regis RC and AC 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 West Wyalong, ALS - Orange, Bureau Veritas).
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.
Discovery Ridge & Rosemont DD:
Diamond drilling completed to industry standard using varying sample lengths (0.2
to 1.9m) 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
(SGS West Wyalong, ALS - Orange, Bureau Veritas).
Other Regional Prospects:
For AC drilling 1m spear samples were composited to 4m intervals. The drilling
samples were dried, crushed and pulverised to get 85% passing 75µm and were
analysed with an Aqua Regia Digest using a 10g charge (Intertek). Anomalous
results from 4m composites were spear sampled at 1m intervals. The drilling
samples were dried, crushed and pulverised to get 85% passing 75µm and were
all Fire Assayed usinga 50gcharge(Bureau Veritas).
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).
Rosemont, Baneygo, Garden Well, Moolart Well, Discovery Ridge,
McPhillamys, and Regional Prospects:
RC drilling completed with a 139mm or 143mm diameter face sampling hammer.
AC drilling was completed with an 89mm diameter AC blade bit.

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Discovery Ridge & Rosemont DD:
Surface diamond drilling carried out by using NQ3 or HQ32 (triple tube) and NQ,
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.
Rosemont, Baneygo, Garden Well, Moolart Well, Discovery
Ridge,
McPhillamys, and Regional Prospects:
RC and AC 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.
Discovery Ridge & Rosemont DD:
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.
Rosemont, Baneygo, Garden Well, Moolart Well, Discovery Ridge,
McPhillamys, and Regional Prospects:
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.
Discovery Ridge & Rosemont DD:
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.
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.
Rosemont, Baneygo, Garden Well, Moolart Well, Discovery Ridge,
McPhillamys, and Regional Prospects:
Sample recoveries for RC and AC drilling are visually estimated to be medium to
high. No significant bias is expected although no recovery and grade correlation
study was completed.
Discovery Ridge & Rosemont DD:
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
Rosemont, Baneygo, Garden Well, Moolart Well, Discovery Ridge,
McPhillamys, and Regional Prospects:

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Mineral Resource estimation, mining studies and metallurgical
studies.
Lithology, alteration, veining, mineralisation and, on some holes, magnetic
susceptibility were logged from the RC and AC 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.
Discovery Ridge & Rosemont DD:
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 All drill holes are logged in full.
logged.
Sub-
sampling
techniques
and sample
If core, whether cut or sawn and whether quarter, half or all core
taken.
Discovery Ridge & Rosemont 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.
preparation
If non-core, whether riffled, tube sampled, rotary split, etc and
whether sampled wet or dry.
RC and AC drilling utilised a cyclone and cone splitter to consistently produce
0.5kg 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.
Quality control procedures adopted for all sub-sampling stages to
maximise representivity of samples.
Field duplicates (RC, AC) 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.

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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, AC) 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.

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Whether sample sizes are appropriate to the grain size of the material being sampled.

Sample sizes (1.0kg 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 subsampling quality. Acceptable precision and accuracy is noted in the field duplicates albeit the precision is marginally acceptable and consistent with coarse gold deposits.

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 coarse
gold deposits.
Quality of
assay data
and
laboratory
The nature, quality and appropriateness of the assaying and
laboratory procedures used and whether the technique is
considered partial or total.
Rosemont, Baneygo, Garden Well, Moolart Well, Discovery Ridge, and
McPhillamys:
All gold assaying was completed by external commercial laboratories (SGS West
Wyalong, ALS – Orange, Bureau Veritas) using a 50g charge for fire assay
analysis with AAS finish. This technique is industry standard for gold and
tests considered appropriate.

Discovery Ridge & Rosemont DD: All gold assaying was completed by commercial laboratories (SGS West Wyalong, ALS - Orange) using either a 50g charge for fire assay analysis with AAS finish. This technique is industry standard for gold and considered appropriate. Regional Prospects AC:

All gold assaying was completed by commercial laboratories (Intertek) using a 10g charge for aqua regia digest for 4m composite samples. 1m re-samples are assayed by a commercial laboratory (Bureau Veritas) using a 50g charge for fire assay analysis with AAS finish.

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For geophysical tools, spectrometers, handheld XRF instruments, Apart from magnetic susceptibility in targeted zones, no other geophysical etc, the parameters used in determining the analysis including measurements were routinely made. instrument make and model, reading times, calibrations factors applied and their derivation, etc. Nature of quality control procedures adopted (e.g. standards, Certified Reference Material (CRM or standards) and blanks were inserted every blanks, duplicates, external laboratory checks) and whether 25th sample to assess the assaying accuracy of the external laboratories. Field duplicates (RC, AC) were inserted every 20th sample to assess the repeatability acceptable levels of accuracy (i.e. lack of bias) and precision have from the field and variability of the gold mineralisation. Laboratory duplicates were been established. 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 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 the deposits. 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 The verification of significant intersections by either independent or No independent personnel have visually inspected the significant intersections in of sampling alternative company personnel. RC chips. Numerous highly qualified and experienced company personnel from exploration and production positions have visually inspected the significant and intersections in RC chips. assaying The use of twinned holes. No twinning of holes was completed in the current quarter. Several RC holes were drilled at Discovery Ridge in proximity to historic holes but would not be classed at twin holes. Several DD holes were drilled at Rosemont in close proximity to RC holes. Gold grades and widths of mineralisation were considered comparable between drill sample types. Documentation of primary data, data entry procedures, data All geological and field data is entered into excel spreadsheets with lookup tables verification, data storage (physical and electronic) protocols. 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

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then emailed to the Regis database administrator for validation and importation
into a SQL database using Datashed.
Discuss any adjustment to assay data. For the purpose of resource estimation 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,
or using Trimble RTK GPS, calibrated to a base station (expected accuracy of
20mm). For NSW Projects an independent licenced surveyor was used to pick up
all drill collar locations using a Trimble RTK GPS.
Downhole surveying was measured by using either a Reflex EZ-Shot Downhole
Survey Instrument or North Seeking Gyro based tool where magnetic host rock
would affect azimuth readings
The surveys were completed every 30m down each drill hole.
Specification of the grid system used. The grid system is and AMG Zone 51 (AGD 84) for surveying pickups. Modelling
at Rosemont and Baneygo is completed using a local grid, with conversion of
digital data from AMG to local completed using macros.
McPhillamys and Discovery Ridge:
The grid system is and GDA94 Zone 55 for surveying pickups, as well as any
modelling for McPhillamys. Modelling at Discovery Ridge is completed using a
local grid, with conversion of digital data from MGA to local completed using
macros.
Quality and adequacy of topographic control. The topographic surface for all projects were derived from a combination of the
primary drill hole pickups and the pre-existing photogrammetric contouring.
Data
spacing and
distribution
Data spacing for reporting of Exploration Results. Rosemont, Baneygo, Garden Well, Discovery Ridge:
The drilling completed this period is planned reducing the effective spacing to 20
metres (east) by 40 metres north or 20 metres (east) by 20 metres (north).
Regional Prospects:
Regional Prospects are generally drilled on a broad line spacing 320m to 160m
with drill holes spacing from 80m to 20m depending on the style of mineralisation
and width of target.
McPhillamys & Moolart Well:

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Current plan has reduced sample spacing to 25m x 25m in selected parts of the
deposit
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.
Rosemont, Baneygo, Moolart Well, Garden Well, Discovery Ridge &
McPhillamys:
The planned 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 once all other
modifying factors have been addressed.
Whether sample compositing has been applied. Rosemont, Baneygo, Moolart Well, Garden Well, Discovery Ridge &
McPhillamys:
No sample compositing has been applied in the field within the mineralised zones.
Regional Prospects:
All first pass AC drill samples were collected at 1m samples and composited to 4m
intervals.
Orientation
of data in
relation to
geological
Whether the orientation of sampling achieves unbiased sampling of
possible structures and the extent to which this is known,
considering the deposit type.
Drilling on all projects 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 most cases. See cross section diagrams. In the case of Rosemont
and Discovery Ridge drill programmes, the orientation mineralisation is sub
vertical, as such the current drilling is designed to assist in refining ore geometry
structure and therefore a more accurate estimate of true thickness.
If the relationship between the drilling orientation and the orientation It is not believed that drilling orientation has introduced a sampling bias.
of key mineralised structures is considered to have introduced a
sampling bias, this should be assessed and reported if material.
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.
Discovery Ridge & McPhillamys
Samples are securely sealed and stored onsite, until pickup by SGS West Wyalong
or ALS Orange truck and deliveryto the laboratory. Sample submission forms are

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Quarterly Report to 31 March 2018

Audits or The results of any audits or reviews of sampling techniques and reviews data.

sent with the samples as well as emailed to the laboratory and are used to keep track of the sample batches. No external 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 tenure
status
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,
historical sites, wilderness or national park and environmental
Rosemont:
The Rosemont project is located on M38/237, M38/250 & M38/343.
Current registered holders of the tenements are Regis Resources Ltd & Duketon
Resources Pty Ltd (100% subsidiary of Regis Resources Ltd). Area = 1683.2ha.
Normal Western Australian state royalties apply plus there is a 2% Royalty to
settings. Franco Nevada. There are no registered Native Title Claims.
The security of the tenure held at the time of reporting along with Garden Well
any known impediments to obtaining a licence to operate in the The Garden Well gold deposit is located on M38/1249, M38/1250, M38/283.
area. Current registered holders of the tenements are:
M38/1249 Regis Resources Ltd
M38/1250 and M38/283 Regis Resources Ltd and Duketon resources Pty Ltd
(100% subsidiary of Regis Resources Ltd); 2% Royalty to Franco Nevada
Area = 2,739 ha. Normal Western Australian state royalties apply. There are no
registered Native Title Claims.
Moolart Well:
The Moolart Well Gold deposit is located on M38/498, M38/499, and M38/500.
Current registered holders of the tenements are Regis Resources Ltd and Duketon
Resources Pty Ltd (100% subsidiary of Regis Resources Ltd);
Area = 2,267 ha. Normal Western Australian state royalties apply plus a 2%
Royalty to Franco Nevada. There are no registered Native Title Claims.
McPhillamys
The McPhillamys deposit is located on the granted tenement EL5760 granted in
2000., Lease area = 11,760Ha. Current registered holder of the tenement is LFB
Resources NL (100% subsidiary of Regis Resources). Normal NSW state royalties
apply. There are no registered Native Title Claims.
Baneygo:

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M38/344 – Reg Holders, Regis Resources Ltd & Duketon Resources Pty Ltd; Area
980.45ha; granted 23 April 1993; 2% Franco Nevada Royalty; no Native Title
claims
Discovery Ridge:
NSW – EL5922 – Reg Holder, LFB Resources NL; granted 15 Feb 2002;
transferred from Templar Resources Pty Ltd, 26 May 2017; no Native Title claims
Ventnor:
M38/316, M38/317, M38/302.
Current registered holders of the tenements are:
M38/302 Regis Resources Ltd
M38/316 and M38/317 Regis Resources Ltd and Duketon Resources Pty Ltd
(100% subsidiary of Regis Resources Ltd); 2% Royalty to Franco Nevada
Area = 241.65ha. Normal Western Australian state royalties apply. There are no
registered Native Title Claims.
Little Well:
P38/4232, E38/3082, E38/2003
Current registered holders of the tenements are:
E38/2003 Duketon Resources Pty Ltd (100% subsidiary of Regis Resources Ltd);
2% Royalty to Franco Nevada
E38/3082 Regis Resources Ltd
P38/4232 Bernie De Araugo (JV with Regis Resources Ltd)
Prospect Area = 286 ha Normal Western Australian state royalties apply. There
are no registered Native Title Claims.
Exploration
done by other
parties
Acknowledgment and appraisal of exploration by other parties. Rosemont & Baneygo:
Shallow drilling (less than 100m vertical depth) completed by Aurora, Ashton and
Johnsons Well Mining in the 1990’s.
Moolart Well:
Discovery drill holes by Normandy in early 2000s, Resource development drilling
conducted by Newmont in early 2000s.
McPhillamys & Discovery Ridge:

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Resource development drilling conducted by Newmont and then Alkane
Resources in the 1990’s. Discovery Ridge previously drilled by Straits Resources
and Goldminco.
Geology Deposit type, geological setting and style of mineralisation. Rosemont & Baneygo:
Gold is 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.
Moolart Well:
Primary gold mineralisation at Moolart Well is associated with moderately east
dipping N-S trending shear zones. The shear zones are closely related to diorite
intrusives and rheology contrasts between units within the mine sequence of
basalts/sediments, ultramafics, and dolerite sills.
Garden Well:
Gold is hosted in a moderate east dipping shear zone trending N-S. Gold
mineralisation within ultramafic is associated with quartz, fuchsite, sericite,
carbonate, sulphides. Gold mineralisation within chert, shale and BIF is associated
with brecciated zones including elevated sulphides and quartz veins.
McPhillamys:
The McPhillamys gold deposit is hosted in Silurian aged sheared intermediate
volcaniclastic rocks in the Lachlan Fold Belt. Gold mineralisation is associated with
strongly sheared volcaniclastics with strong quartz-carbonate-sericite-pyrite-
pyrrhotite alteration. The gold mineralisation trends roughly north-south over a
strike distance of 900m and dips steeply east at 70º to 80º.
Discovery Ridge:
Discovery Ridge is a shear hosted gold deposit located in strongly foliated, fine-
grained metasediments of the Ordovician Coombingand AdaminabyFormations
Drill hole A summary of all information material to the understanding of the Refer to body of announcement and Appendix 2.
Information exploration results including a tabulation of the following information
for all Material drill holes:
easting and northing of the drill hole collar

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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.
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
stated.
Rosemont & Garden Well:
Reported intercepts include a minimum of 2.0 g/t Au value over a minimum
distance of 0.1m with a maximum 2m consecutive internal waste. No upper cuts
have been applied.
Where aggregate intercepts incorporate short lengths of high grade
results and longer lengths of low grade results, the procedure used
McPhillamys & Discovery Ridge:
Reported intercepts include a minimum of 0.3 g/t Au value over a minimum
distance of 0.1m with a maximum 6m consecutive internal waste. No upper cuts
for such aggregation should be stated and some typical examples have been applied.
of such aggregations should be shown in detail. All other Gold Projects and Prospects reported intercepts include a minimum of
The assumptions used for any reporting of metal equivalent values 0.5 g/t Au value over a minimum distance of 1m with a maximum 2m consecutive
should be clearly stated. internal waste. No upper cuts have been applied.
Relationship
between
mineralisation
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.
Rosemont, Baneygo:
The Rosemont South drill holes were nominally drilled at -60º toward 254° (or 074)
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.
Garden Well:
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,
The Garden Well drill holes were drilled at -60º towards 270° and the mineralised
zone is moderately east dipping. The intercepts reported are close to true width.
true width not known’). Moolart Well:

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The Moolart Well drill holes were drilled at -60° towards 270° and the mineralized
zone if moderately east dipping. The intercepts reported are close to true width.
McPhillamys:
The holes at were drilled at -60º to 270° and the mineralised zone is steeply east
dipping. The intercepts reported can overstate true widths.
Discovery Ridge:
The mineralisation is thought to be near vertical and hence the intercepts reported
can overstate true widths.
Diagrams Appropriate maps and sections (with scales) and tabulations of Refer to the body of the announcement.
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.
Balanced Where comprehensive reporting of all Exploration Results is not A list of all holes drilled during the quarter attached in Appendix 2.
reporting practicable, representative reporting of both low and high grades
and/or widths should be practiced to avoid misleading reporting of
Exploration Results.
Other
substantive
Other exploration data, if meaningful and material, should be
reported including (but not limited to): geological observations;
Rosemont, Baneygo, Moolart Well, Garden Well:
No other material exploration data to report.
exploration geophysical survey results; geochemical survey results; bulk Discovery Ridge & McPhillamys:
data samples – size and method of treatment; metallurgical test results;
bulk density, groundwater, geotechnical and rock characteristics;
potential deleterious or contaminating substances.
The McPhillamys & Discovery Ridge diamond holes were also utilised for bulk
density measurements, and metallurgical test work. Geotechnical logging has
been completed 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).
Rosemont, Baneygo, Moolart Well, Garden Well:
Infill and where appropriate, extensional drilling will continue in 2018.
Discovery Ridge:
In addition to sterilisation drilling for infrastructure at Discovery Ridge, where
appropriate extensional drilling will continue in 2018.
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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Quarterly Report to 31 December 2017

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APPENDIX 2

Anchor Collar Location Anchor Collar Location Anchor Collar Location Anchor Collar Location Intersection >1.0ppm Au and >1g/t Au*m Intersection >1.0ppm Au and >1g/t Au*m Intersection >1.0ppm Au and >1g/t Au*m Intersection >1.0ppm Au and >1g/t Au*m
Hole ID Y X Z Dip Azimuth Total
Depth (m)
From
(m)

To
(m)
Interval
(m)
Au
(ppm)
RRLANAC214 6939111 435259 570 ‐60 265 48 No significant Intercept
RRLANAC215 6939111 435239 570 ‐60 269 61 No significant Intercept
RRLANAC216 6939111 435319 570 ‐60 272 75 No significant Intercept
RRLANAC217 6939148 435879 570 ‐60 268 107 No significant Intercept
RRLANAC218 6939148 435959 570 ‐60 268 67 No significant Intercept
RRLANAC219 6939148 436039 570 ‐60 271 61 No significant Intercept
RRLANAC220 6938500 435580 570 ‐60 270 76 No significant Intercept
RRLANAC221 6938500 435460 570 ‐60 270 62 No significant Intercept
RRLANAC222 6938500 435500 570 ‐60 271 69 No significant Intercept
RRLANAC223 6938500 435540 570 ‐60 267 94 No significant Intercept
Bella Well Collar Location Intersection >1.0ppm Au and >1g/t Au*m
Hole ID Y X Z Dip Azimuth Total
Depth (m)
From
(m)

To
(m)
Interval
(m)
Au
(ppm)
RRLBELAC033 6948000 413120 540 ‐60 270 79 No significant Intercept
RRLBELAC034 6948000 413200 540 ‐60 270 92 No significant Intercept
RRLBELAC035 6947700 412826 540 ‐60 273 131 No significant Intercept
RRLBELAC036 6947700 413300 540 ‐60 270 85 No significant Intercept
Beamish Collar Location Intersection >1.0ppm Au and >1g/t Au*m
Hole ID Y X Z Dip Azimuth Total
Depth (m)
From
(m)

To
(m)
Interval
(m)
Au
(ppm)
RRLBMRC067 6910902 436787 495 ‐60 270 96 21 22 1 3.85

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RRLBMRC068 6910901 436826 495 ‐60 270 120 96 97 1 2.5
RRLBMRC069 6910901 436867 494 ‐60 268 132 No significant Intercept
RRLBMRC070 6910902 436908 494 ‐60 268 162 No significant Intercept
RRLBMRC072 6910742 436827 495 ‐60 269 126 No significant Intercept
RRLBMRC073 6910743 436867 495 ‐60 269 162 70 74 4 1.53
RRLBMRC074 6910745 436908 494 ‐60 269 186 56 57 1 1
RRLBMRC074 84 85 1 1.84
RRLBMRC074 110 111 1 6.58
RRLBMRC074 118 119 1 2.41
RRLBMRC074 131 132 1 2.82
RRLBMRC074 139 140 1 1.68
RRLBMRC075 6910581 436787 500 ‐60 270 84 No significant Intercept
RRLBMRC076 6910582 436820 500 ‐60 270 90 No significant Intercept
RRLBMRC077 6910581 436864 498 ‐60 270 138 No significant Intercept
RRLBMRC078 6910068 436840 506 ‐60 270 84 No significant Intercept
RRLBMRC079 6910069 436886 504 ‐60 270 132 No significant Intercept
RRLBMRC080 6910070 436919 502 ‐60 270 198 No significant Intercept
RRLBMRC081 6910070 437000 501 ‐60 269 198 No significant Intercept
RRLBMRC082 6910230 436839 506 ‐60 270 96 No significant Intercept
RRLBMRC083 6910229 436882 504 ‐60 270 138 No significant Intercept
RRLBMRC084 6910229 436919 503 ‐60 271 162 No significant Intercept
RRLBMRC085 6909753 436839 509 ‐60 270 90 No significant Intercept
RRLBMRC086 6909751 436878 507 ‐60 271 126 No significant Intercept
RRLBMRC087 6909749 436922 506 ‐60 270 168 No significant Intercept
RRLBMRC088 6909750 436960 505 ‐60 270 150 No significant Intercept

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RRLBMRC089 6909831 436840 509 ‐60 269 90 No significant Intercept No significant Intercept No significant Intercept
RRLBMRC090 6909342 436854 514 ‐60 267 94 26 27 1 1.22
RRLBMRC091 6909421 436807 517 ‐90 0 76 No significant Intercept
RRLBMRC092 6909553 436829 513 ‐60 269 82 No significant Intercept
RRLBMRC093 6909552 436868 511 ‐60 269 123 63 65 2 1.99
RRLBMRC094 6909552 436909 508 ‐60 270 153 108 109 1 1.62
RRLBMRC094 113 114 1 1.15
RRLBMRC095 6909652 436818 512 ‐60 270 81 20 24 4 1.9
RRLBMRC096 6909652 436861 510 ‐60 270 123 62 68 6 1.5
RRLBMRC097 6909652 436898 508 ‐60 270 159 No significant Intercept
RRLBMRC098 6908298 436919 512 ‐60 270 81 19 20 1 1.32
RRLBMRC099 6908298 436956 510 ‐60 268 111 No significant Intercept
RRLBMRC100 6908299 436997 509 ‐60 268 135 No significant Intercept
RRLBMRC101 6908217 436919 510 ‐60 271 69 No significant Intercept
RRLBMRC102 6908218 436962 509 ‐60 292 99 No significant Intercept
RRLBMRC103 6908220 437000 508 ‐60 269 129 No significant Intercept
RRLBMRC116 6908699 436881 516 ‐60 270 78 No significant Intercept
RRLBMRC117 6908699 436921 513 ‐60 270 118 41 42 1 1.42
RRLBMRC118 6908700 436962 510 ‐60 270 148 96 98 2 1.15
RRLBMRC119 6908992 436964 507 ‐60 271 178 3 4 1 1.37
RRLBMRC119 100 101 1 1.65
RRLBMRC119 109 115 6 1.54
RRLBMRC120 6909151 436874 516 ‐60 270 93 46 49 3 1.41
RRLBMRC121 6909150 436912 511 ‐60 270 136 50 51 1 1.22
RRLBMRC121 74 75 1 1.07

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RRLBMRC121 83 84 1 1.45
RRLBMRC121 87 93 6 1.21
RRLBMRC122 6909151 436954 508 ‐60 269 178 70 73 3 2.15
RRLBMRC123 6909230 436853 517 ‐60 268 78 No significant Intercept
RRLBMRC124 6909232 436896 512 ‐60 269 138 56 58 2 1.28
RRLBMRC124 80 81 1 1.22
RRLBMRC125 6909234 436935 509 ‐60 271 198 57 58 1 1.18
RRLBMRC125 114 115 1 1.23
RRLBMRC126 6908539 436899 516 ‐60 271 83 47 48 1 1.19
RRLBMRC127 6908540 436938 513 ‐60 270 133 No significant Intercept
RRLBMRC128 6908540 436978 511 ‐60 270 158 No significant Intercept
RRLBMRC129 6908457 436921 514 ‐60 269 83 35 36 1 1.42
RRLBMRC130 6908457 436954 512 ‐60 270 113 No significant Intercept
RRLBMRC131 6908457 436996 510 ‐60 269 128 No significant Intercept
RRLBMRC132 6908379 436923 513 ‐60 271 88 No significant Intercept
RRLBMRC133 6908379 436958 511 ‐60 270 98 No significant Intercept
RRLBMRC134 6908379 436998 509 ‐60 269 133 No significant Intercept
RRLBMRC135 6907998 436958 504 ‐60 270 83 No significant Intercept
RRLBMRC136 6907997 436997 504 ‐60 270 118 No significant Intercept
RRLBMRC137 6907997 437036 504 ‐60 270 148 No significant Intercept
RRLBMRC138 6907899 436941 503 ‐60 268 88 No significant Intercept
RRLBMRC139 6907901 437018 503 ‐60 271 118 No significant Intercept
RRLBMRC140 6909829 436918 505 ‐60 270 174 No significant Intercept
RRLBMRC141 6909911 436839 508 ‐60 20 90 No significant Intercept
RRLBMRC142 6909908 436881 506 ‐60 270 126 83 84 1 1.9

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RRLBMRC143 6909910 436922 504 ‐60 270 150 105 106 1 8.64
RRLBMRC144 6909910 436997 502 ‐60 270 80 No significant Intercept
RRLBMRC145 6907700 436990 503 ‐60 269 96 53 54 1 1.1
RRLBMRC146 6907701 436951 502 ‐60 273 72 No significant Intercept
RRLBMRC147 6907577 436963 503 ‐60 271 81 36 37 1 1.01
RRLBMRC148 6907577 437001 503 ‐60 271 99 92 93 1 1.89
RRLBMRC149 6907579 437038 503 ‐60 270 101 75 76 1 1.82
RRLBMRC150 6907461 436979 504 ‐60 270 84 No significant Intercept
RRLBMRC151 6907461 437060 504 ‐60 269 126 No significant Intercept
RRLBMRC152 6909831 436880 507 ‐60 270 126 No significant Intercept
Baneygo Collar Location Intersection >1.0ppm Au and >1g/t Au*m
Hole ID Y X Z Dip Azimuth Total
Depth (m)
From
(m)

To
(m)
Interval
(m)
Au
(ppm)
RRLBYRC401 6905157 432670 500 ‐60 254 132 33 34 1 1.49
RRLBYRC437 6905704 432548 491 ‐60 253 168 No significant Intercept
RRLBYRC457 6907843 431783 494 ‐60 255 30 3 4 1 2.9
RRLBYRC457 8 12 4 3.06
RRLBYRC457 17 21 4 1.04
RRLBYRC458 6907857 431778 493 ‐60 255 36 13 14 1 1.89
RRLBYRC458 20 23 3 2.81
RRLBYRC458 26 27 1 1.8
RRLBYRC459 6907860 431797 493 ‐60 251 66 30 31 1 1.44
RRLBYRC459 52 53 1 1.48
RRLBYRC460 6907878 431780 492 ‐60 251 54 17 18 1 1.7
RRLBYRC461 6907896 431772 492 ‐50 251 60 No significant Intercept

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RRLBYRC462 6907903 431789 492 ‐60 253 84 48 49 1 1.54
RRLBYRC463 6907934 431759 491 ‐60 254 60 No significant Intercept
RRLBYRC464 6907941 431780 491 ‐60 252 84 No significant Intercept
RRLBYRC465 6907972 431748 490 ‐60 252 54 No significant Intercept
RRLBYRC466 6907978 431770 490 ‐60 253 72 53 55 2 3.62
RRLBYRC467 6905907 432390 494 ‐60 253 36 No significant Intercept
RRLBYRC468 6905912 432409 494 ‐60 253 66 18 20 2 1.24
RRLBYRC468 28 29 1 1.34
RRLBYRC468 34 35 1 5.58
RRLBYRC469 6906060 432348 496 ‐60 252 24 7 8 1 4.95
RRLBYRC470 6906063 432358 496 ‐60 252 36 17 18 1 1.51
RRLBYRC471 6906069 432379 496 ‐60 254 78 26 27 1 6.74
RRLBYRC471 38 41 3 1.64
RRLBYRC472 6906075 432397 496 ‐60 253 108 48 49 1 1.38
RRLBYRC472 67 68 1 3.73
RRLBYRC472 73 77 4 1.4
RRLBYRC473 6906081 432417 496 ‐60 254 138 95 97 2 2.46
RRLBYRC473 101 102 1 1.26
RRLBYRC473 107 108 1 2.07
RRLBYRC474 6906101 432338 496 ‐60 253 54 21 23 2 12.19
RRLBYRC474 28 29 1 2.97
RRLBYRC475 6906106 432357 496 ‐60 253 78 30 33 3 4.7
RRLBYRC475 41 42 1 1.22
RRLBYRC476 6906112 432376 496 ‐60 253 114 56 59 3 5.07
RRLBYRC476 63 67 4 2.23
RRLBYRC477 6906117 432398 496 ‐60 253 138 60 61 1 1.5

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RRLBYRC477 102 104 2 2.59
RRLBYRC478 6906118 432323 496 ‐60 253 36 No significant Intercept
RRLBYRC479 6906153 432370 497 ‐60 255 126 58 59 1 1.21
RRLBYRC479 76 77 1 3.66
RRLBYRC479 86 87 1 3.1
RRLBYRC479 100 101 1 3.13
RRLBYRC480 6906158 432388 496 ‐60 253 144 131 132 1 1.15
RRLBYRC481 6906197 432378 497 ‐60 251 162 73 74 1 1.46
RRLBYRC481 90 91 1 3.34
RRLBYRC481 94 95 1 1.14
RRLBYRC481 119 120 1 20.4
RRLBYRC481 134 135 1 1.33
RRLBYRC481 138 139 1 1.02
RRLBYRC482 6906191 432356 497 ‐60 252 114 44 45 1 1.26
RRLBYRC482 66 72 6 8.09
RRLBYRC483 6906211 432294 498 ‐60 253 36 No significant Intercept
RRLBYRC484 6906217 432313 498 ‐60 253 60 24 25 1 1.62
RRLBYRC485 6906222 432332 498 ‐60 251 84 39 40 1 6.63
RRLBYRC485 54 57 3 3.77
RRLBYRC486 6906228 432350 498 ‐60 253 120 65 67 2 1.32
RRLBYRC486 74 76 2 7.75
RRLBYRC486 89 90 1 1.05
RRLBYRC487 6906233 432369 497 ‐60 252 150 49 50 1 1.54
RRLBYRC487 94 97 3 5.24
RRLBYRC487 107 108 1 1.11
RRLBYRC487 135 136 1 6.46

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RRLBYRC488 6906253 432286 499 ‐60 251 30 14 15 1 1.05
RRLBYRC489 6906260 432306 498 ‐60 251 60 29 32 3 1.15
RRLBYRC489 37 38 1 2.7
RRLBYRC490 6906265 432323 498 ‐60 252 78 26 27 1 1.21
RRLBYRC490 31 32 1 1.02
RRLBYRC490 39 40 1 1.19
RRLBYRC490 46 47 1 2.89
RRLBYRC490 61 63 2 4.61
RRLBYRC491 6906270 432344 498 ‐60 252 120 72 77 5 2.01
RRLBYRC491 82 83 1 2.08
RRLBYRC492 6906275 432360 498 ‐60 253 156 93 94 1 1.38
RRLBYRC492 98 106 8 1.02
RRLBYRC493 6906292 432275 499 ‐60 253 30 15 16 1 2.8
RRLBYRC494 6906295 432292 499 ‐60 253 54 No significant Intercept
RRLBYRC495 6906300 432310 499 ‐60 252 78 34 35 1 1.36
RRLBYRC495 42 44 2 2.53
RRLBYRC495 47 50 3 1.61
RRLBYRC496 6906306 432331 498 ‐60 251 102 44 56 12 2.82
RRLBYRC496 59 65 6 1.05
RRLBYRC496 76 77 1 7.02
RRLBYRC496 81 83 2 3.73
RRLBYRC497 6906311 432350 498 ‐60 251 132 90 91 1 2.87
RRLBYRC498 6906334 432279 500 ‐55 252 36 15 16 1 2.05
RRLBYRC498 19 20 1 2.9
RRLBYRC499 6906338 432291 499 ‐60 252 54 0 1 1 4.7
RRLBYRC499 24 28 4 1.27

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RRLBYRC499 30 31 1 1.02
RRLBYRC500 6906343 432311 499 ‐60 252 78 9 11 2 1.71
RRLBYRC500 61 63 2 1.93
RRLBYRC500 71 72 1 1.93
RRLBYRC501 6906104 432328 496 ‐60 254 36 12 13 1 1.26
RRLBYRC502 6906141 432321 497 ‐55 254 36 20 21 1 1.13
RRLBYRC503 6906369 432263 500 ‐60 254 36 10 11 1 3.86
RRLBYRC503 17 18 1 1.91
RRLBYRC504 6906373 432281 500 ‐60 253 54 19 27 8 2.27
RRLBYRC505 6906642 432178 505 ‐60 252 36 No significant Intercept
RRLBYRC506 6906646 432199 503 ‐60 251 50 15 18 3 1.82
RRLBYRC506 23 24 1 1.23
RRLBYRC506 27 30 3 1.67
RRLBYRC507 6906381 432298 500 ‐60 252 78 31 33 2 1.94
RRLBYRC507 47 49 2 2.42
RRLBYRC508 6906385 432318 499 ‐60 252 102 82 85 3 2.08
RRLBYRC509 6906392 432339 499 ‐60 253 144 53 54 1 1.35
RRLBYRC509 100 103 3 5.43
RRLBYRC510 6906348 432332 499 ‐60 251 114 48 60 12 3.18
RRLBYRC510 63 70 7 7.55
RRLBYRC510 75 76 1 3.34
RRLBYRC510 80 81 1 2.06
RRLBYRC510 84 90 6 1.55
RRLBYRC510 99 101 2 1.4
RRLBYRC511 6906353 432349 499 ‐60 251 138 91 93 2 2.36
RRLBYRC511 113 116 3 1.24

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RRLBYRC511 119 123 4 14.76
RRLBYRC512 6906421 432288 500 ‐50 253 72 4 5 1 1.2
RRLBYRC512 43 44 1 1.62
RRLBYRC512 48 49 1 1.2
RRLBYRC513 6906421 432291 500 ‐50 251 84 18 19 1 3.67
RRLBYRC513 44 45 1 1.01
RRLBYRC514 6906426 432310 500 ‐50 251 114 90 91 1 1.23
RRLBYRC515 6906432 432329 500 ‐50 252 150 65 66 1 1.46
RRLBYRC515 107 108 1 1.67
RRLBYRC515 114 115 1 1.18
RRLBYRC516 6906545 432286 501 ‐50 253 120 No significant Intercept
RRLBYRC517 6906590 432296 502 ‐60 256 174 109 110 1 1.35
RRLBYRC517 114 115 1 1.02
RRLBYRC517 133 138 5 6.03
RRLBYRC518 6906624 432266 502 ‐60 254 150 87 91 4 1.16
RRLBYRC518 97 105 8 1.7
RRLBYRC518 144 145 1 33.5
RRLBYRC519 6906629 432283 502 ‐60 251 174 129 130 1 1.02
RRLBYRC519 138 155 17 1.44
RRLBYRC520 6906649 432217 503 ‐60 254 90 48 49 1 1.38
RRLBYRC521 6906654 432236 502 ‐60 254 120 63 67 4 1.25
RRLBYRC521 70 71 1 1.33
RRLBYRC521 74 88 14 3.46
RRLBYRC522 6906658 432252 502 ‐60 253 144 40 41 1 2.06
RRLBYRC522 46 48 2 4.41
RRLBYRC522 54 56 2 4.81

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Quarterly Report to 31 December 2017

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RRLBYRC522 99 107 8 1.6
RRLBYRC522 110 111 1 1.46
RRLBYRC522 115 116 1 1.34
RRLBYRC522 118 119 1 1.07
RRLBYRC522 129 131 2 19
RRLBYRC523 6906663 432274 502 ‐60 252 180 103 105 2 1.21
RRLBYRC523 120 121 1 1.4
RRLBYRC523 134 136 2 1.53
RRLBYRC523 147 148 1 1.04
RRLBYRC523 151 158 7 4.35
RRLBYRC524 6906827 432106 502 ‐60 255 24 No significant Intercept
RRLBYRC525 6906831 432126 501 ‐60 253 42 18 22 4 5.47
RRLBYRC526 6906837 432146 501 ‐60 254 60 34 36 2 1.23
RRLBYRC526 40 41 1 1.06
RRLBYRC526 42 43 1 1.02
RRLBYRC527 6906790 432128 501 ‐60 253 24 No significant Intercept
RRLBYRC528 6906792 432139 501 ‐60 252 36 10 13 3 2.02
RRLBYRC528 18 19 1 1.33
RRLBYRC529 6906796 432158 501 ‐60 252 60 26 30 4 1.36
RRLBYRC529 47 49 2 1.44
RRLBYRC530 6906801 432179 500 ‐60 254 90 61 62 1 2.38
RRLBYRC531 6906772 432201 501 ‐60 253 114 64 65 1 1.41
RRLBYRC531 71 78 7 5.5
RRLBYRC531 81 82 1 2.9
RRLBYRC531 90 92 2 1.56
RRLBYRC531 100 103 3 3.65

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Quarterly Report to 31 December 2017

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RRLBYRC532 6906766 432179 501 ‐60 251 84 40 41 1 1.8
RRLBYRC532 45 61 16 1.85
RRLBYRC533 6906759 432157 501 ‐60 250 54 12 15 3 2.88
RRLBYRC534 6906682 432186 503 ‐60 252 60 15 21 6 3.5
RRLBYRC534 24 25 1 2.17
RRLBYRC535 6906687 432206 502 ‐60 251 78 36 37 1 1.3
RRLBYRC535 40 42 2 1.21
RRLBYRC535 47 49 2 7.47
RRLBYRC535 65 66 1 1.71
RRLBYRC536 6906703 432266 502 ‐60 253 192 113 114 1 1.07
RRLBYRC536 137 138 1 5.54
RRLBYRC536 149 153 4 7.43
RRLBYRC536 160 175 15 3.14
RRLBYRC536 179 180 1 1.19
RRLBYRC536 182 183 1 1.71
RRLBYRC537 6906692 432223 502 ‐60 253 108 79 80 1 1.6
RRLBYRC537 87 88 1 2.59
RRLBYRC538 6908011 431734 489 ‐60 250 60 No significant Intercept
RRLBYRC539 6908017 431751 489 ‐60 250 72 46 49 3 1.38
RRLBYRC540 6908101 431679 487 ‐60 252 42 12 13 1 9.44
RRLBYRC540 20 21 1 1.18
RRLBYRC541 6908108 431698 487 ‐60 252 96 No significant Intercept
RRLBYRC542 6906697 432241 502 ‐60 253 144 64 65 1 1.76
RRLBYRC542 105 107 2 2.21
RRLBYRC542 114 122 8 16.84
Coopers Collar Location Intersection >1.0ppm Au and >1g/t Au*m

Page 46

Quarterly Report to 31 December 2017

==> picture [125 x 37] intentionally omitted <==

Hole ID Y X Z Dip Azimuth Total
Depth (m)
From
(m)

To
(m)
Interval
(m)
Au
(ppm)
RRLCPAC155 6934555 434800 560 ‐60 268 44 No significant Intercept
RRLCPAC156 6934555 434820 560 ‐60 269 53 13 14 1 1.06
RRLCPAC156 25 27 2 26.13
RRLCPAC157 6934555 434840 560 ‐60 269 59 28 34 6 2.81
RRLCPAC158 6934615 434790 560 ‐60 269 53 No significant Intercept
RRLCPAC159 6934615 434810 560 ‐60 270 56 No significant Intercept
RRLCPAC160 6934615 434830 560 ‐60 269 71 33 37 4 3.74
RRLCPAC161 6934660 434790 560 ‐60 270 41 15 16 1 1.7
RRLCPAC162 6934660 434810 560 ‐60 269 50 24 25 1 1.13
RRLCPAC162 29 30 1 5.5
RRLCPAC162 36 37 1 1.51
RRLCPAC162 47 48 1 4.5
RRLCPAC163 6934660 434830 560 ‐60 268 71 42 43 1 3.49
RRLCPAC164 6934700 434775 560 ‐60 268 41 No significant Intercept
RRLCPAC165 6934700 434795 560 ‐60 268 50 No significant Intercept
RRLCPAC166 6934700 434815 560 ‐60 266 71 30 33 3 2.06
RRLCPAC166 41 42 1 1.22
RRLCPAC166 52 53 1 1.54
RRLCPAC167 6934740 434765 560 ‐60 270 41 No significant Intercept
RRLCPAC168 6934740 434785 560 ‐60 269 50 No significant Intercept
RRLCPAC169 6934740 434805 560 ‐60 271 68 39 40 1 1.26
RRLCPAC170 6934760 434775 560 ‐60 271 40 No significant Intercept
RRLCPAC171 6934800 434790 560 ‐60 270 52 No significant Intercept

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Quarterly Report to 31 December 2017

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RRLCPAC172 6934840 434795 560 ‐60 270 59 38 41 3 3.43
RRLCPAC173 6934638 435646 560 ‐60 270 43 No significant Intercept
RRLCPAC174 6934638 435806 560 ‐60 271 52 No significant Intercept
RRLCPAC175 6934106 435652 560 ‐60 270 75 No significant Intercept
RRLCPAC176 6934106 435812 560 ‐60 270 64 No significant Intercept
Cuthbert Bore Collar Location Intersection >1.0ppm Au and >1g/t Au*m
Hole ID Y X Z Dip Azimuth Total
Depth (m)
From
(m)

To
(m)
Interval
(m)
Au
(ppm)
RRLCUAC012 6900700 425660 500 ‐60 268 93 No significant Intercept
RRLCUAC014 6900700 425740 500 ‐60 270 67 58 59 1 1.05
RRLCUAC024 6900500 425770 500 ‐60 268 72 No significant Intercept
RRLCUAC025 6900500 425810 500 ‐60 270 48 24 25 1 4.98
RRLCUAC029 6900200 426000 500 ‐60 270 45 No significant Intercept
Dogbolter Collar Location Intersection >1.0ppm Au and >1g/t Au*m
Hole ID Y X Z Dip Azimuth Total
Depth (m)
From
(m)

To
(m)
Interval
(m)
Au
(ppm)
RRLDBAC182 6933595 435557 560 ‐60 270 93 No significant Intercept
RRLDBAC183 6933595 435717 560 ‐60 270 80 No significant Intercept
RRLDBAC184 6933595 435877 560 ‐60 270 30 No significant Intercept
RRLDBAC185 6933295 435554 560 ‐60 270 19 No significant Intercept
RRLDBAC186 6933295 435714 560 ‐60 270 42 No significant Intercept
RRLDBAC187 6933295 435874 560 ‐60 270 56 No significant Intercept
RRLDBAC188 6932687 435568 560 ‐60 270 56 No significant Intercept
RRLDBAC189 6932687 435568 560 ‐60 272 54 No significant Intercept
Discovery Ridge Collar Location Intersection >1.0ppm Au and >1g/t Au*m

Page 48

Quarterly Report to 31 December 2017

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Hole ID Y X Z Dip Azimuth Total
Depth (m)
From
(m)
To
(m)
Interval
(m)
Au
(ppm)
RRLDRDD001 6270921 694496 754 ‐60 240 140 1.8 2.5 0.7 3.23
RRLDRDD001 4.7 4.9 0.2 3.24
RRLDRDD001 7.7 8 0.3 1.81
RRLDRDD001 12.5 13 0.5 6.67
RRLDRDD001 14.6 15 0.4 1.22
RRLDRDD001 18 19 1 2.06
RRLDRDD001 23.5 25 1.5 4.7
RRLDRDD001 32 34 2 1.67
RRLDRDD001 48 49 1 2.96
RRLDRDD002 6270893 694549 758 ‐60 240 239 5.5 7.3 1.8 1.74
RRLDRDD002 8.7 11.7 3 1.96
RRLDRDD002 12 12.8 0.8 2.21
RRLDRDD002 13.4 17.5 4.1 1.04
RRLDRDD002 55 56 1 1.24
RRLDRDD002 57 58 1 1
RRLDRDD002 78 79 1 1.01
RRLDRDD002 86 89 3 1.36
RRLDRDD002 116 120 4 1.37
RRLDRDD002 125.6 126 0.4 1.3
RRLDRDD002 138 139 1 1.23
RRLDRDD002 173 175 2 2.48
RRLDRDD002 181 182 1 1.87
RRLDRDD002 188 192 4 2.53
RRLDRDD002 205 206 1 1.71

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Quarterly Report to 31 December 2017

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RRLDRDD002 224 225 1 2.16
RRLDRDD003 6270872 694626 760 ‐60 240 250 72 73 1 1.47
RRLDRDD003 139 140 1 1.22
RRLDRDD003 212 213 1 1.12
RRLDRRCD006 6270790 694701 771 ‐65 240 324 101 102 1 1.39
RRLDRRCD006 150 151 1 3.27
RRLDRRCD006 192 193 1 1.36
RRLDRRCD007 6270854 694629 763 ‐60 240 251 98 99 1 1.03
RRLDRRCD007 126 127 1 1.37
RRLDRRCD007 144 145 1 3.39
RRLDRRCD007 154 155 1 1.07
RRLDRRCD007 209 210 1 1
RRLDRRCD008 6270876 694596 760 ‐65 244 266 81 84 3 1.51
RRLDRRCD008 111 112 1 1.54
RRLDRRCD008 187 188 1 1.21
RRLDRRCD008 238 239 1 1.85
RRLDRRCD009 6270880 694579 759 ‐65 240 285 189 190 1 1.44
RRLDRRCD009 234 235 1 1.15
RRLDRRCD009 254 255 1 1.3
RRLDRRCD009 258 260 2 1.86
RRLDRRCD009 265 266 1 1.46
RRLDRRCD010 6270924 694586 754 ‐65 240 303 70.1 117 46.9 2.13
RRLDRRCD010 129 130 1 1.2
RRLDRRCD010 133 147 14 3.09
RRLDRRCD010 150 154.6 4.6 6.96
RRLDRRCD010 171 172 1 1.56

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Quarterly Report to 31 December 2017

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RRLDRRCD010 175 177 2 1.24
RRLDRRCD010 181 182 1 1.04
RRLDRRCD010 187 188 1 2.14
RRLDRRCD011 6270935 694644 750 ‐60 242 294 152 153 1 1.26
RRLDRRCD011 157 159 2 2.07
RRLDRRCD011 163 179 16 2.25
RRLDRRCD011 185 186 1 1
RRLDRRCD011 192 210 18 1.53
RRLDRRCD011 213 235 22 2.23
RRLDRRCD011 252 258 6 1
RRLDRRCD011 261 263 2 3.2
RRLDRRCD011 266 267 1 1.2
RRLDRRCD011 270 274 4 1.07
RRLDRRCD011 280 286 6 2.66
RRLDRRCD011 291 292 1 1.21
RRLDRRCD012 6270976 694617 745 ‐67 240 449 128 134 6 1.46
RRLDRRCD012 137 139 2 2.38
RRLDRRCD012 147 157 10 1.63
RRLDRRCD012 161 162 1 3.37
RRLDRRCD012 171 232 61 3.83
RRLDRRCD012 235 237 2 4.23
RRLDRRCD012 254 255 1 1.02
RRLDRRCD012 263 264 1 1.25
RRLDRRCD012 272 274 2 1.58
RRLDRRCD012 277 278 1 1.88
RRLDRRCD012 299 300 1 1.12

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Quarterly Report to 31 December 2017

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RRLDRRCD012 396 397 1 2.2
RRLDRRCD012 404 405 1 3.22
RRLDRRCD013 6270998 694560 746 ‐60 240 420 91.4 95 3.6 1.95
RRLDRRCD013 123 124 1 2.73
RRLDRRCD013 147 148 1 1.26
RRLDRRCD013 212 213 1 1.23
RRLDRRCD014 6270972 694535 750 ‐65 240 242 87 88 1 1.66
RRLDRRCD014 96 97 1 1.6
RRLDRRCD014 104 106 2 2.13
RRLDRRCD014 111 112 1 1.08
RRLDRRCD014 114.6 115.3 0.7 4.36
RRLDRRCD014 119 120 1 13.6
RRLDRRCD014 123 124 1 21.1
RRLDRRCD014 159 160 1 4.03
RRLDRRCD015 6270959 694559 750 ‐67 240 300 94 99 5 7.16
RRLDRRCD015 106 115 9 4.83
RRLDRRCD015 120 121 1 1.71
RRLDRRCD015 124 128 4 1.45
RRLDRRCD015 146 147 1 1.02
RRLDRRCD015 157 164 7 4.45
RRLDRRCD015 174 175 1 1.45
RRLDRRCD016 6270971 694558 750 ‐72 240 303 109 118 9 1.12
RRLDRRCD016 160 161 1 1.11
RRLDRRCD016 169 170 1 4.38
RRLDRRCD016 173 174 1 16.4
RRLDRRCD016 179 181 2 2.12

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Quarterly Report to 31 December 2017

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RRLDRRCD016 192 193 1 3.51
RRLDRRCD016 226 227 1 1.79
RRLDRRCD016 236 237 1 1.56
RRLDRRCD016 251 252 1 1.16
Garden Well Collar Location Intersection >1.0ppm Au and >1g/t Au*m
Hole ID Y X Z Dip Azimuth Total
Depth (m)
From
(m)

To
(m)
Interval
(m)
Au
(ppm)
RRLGDRC567 6911600 437067 492 ‐58 270 223 84 85 1 3.99
RRLGDRC567 90 91 1 1.09
RRLGDRC567 128 132 4 3.88
RRLGDRC567 183 187 4 1.27
RRLGDRC567 210 211 1 1.01
RRLGDRC568 6911720 437102 496 ‐61 268 257 162 163 1 1.64
RRLGDRC568 189 190 1 3
RRLGDRC568 203 206 3 4.36
RRLGDRC568 210 212 2 2.72
RRLGDRC568 215 222 7 3.05
RRLGDRC568 237 238 1 1.12
RRLGDRC569 6911760 437101 498 ‐65 270 264 188 189 1 3.52
RRLGDRC569 201 202 1 2
RRLGDRC569 210 224 14 2.75
RRLGDRC569 242 247 5 1.36
RRLGDRC570 6911601 437169 494 ‐60 270 330 249 260 11 2.24
RRLGDRC570 264 265 1 1.63
RRLGDRC570 268 272 4 2.26
RRLGDRC570 302 303 1 1.31

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Quarterly Report to 31 December 2017

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RRLGDRC570 305 306 1 1.17
RRLGDRC570 321 325 4 1.32
RRLGDRC571 6911798 437095 498 ‐60 270 278 186 187 1 3.48
RRLGDRC571 193 205 12 1.19
RRLGDRC571 239 243 4 1.1
RRLGDRC571 250 251 1 2.52
RRLGDRC571 273 274 1 2.26
RRLGDRC572 6911653 437188 494 ‐60 269 317 237 238 1 1.53
RRLGDRC572 239 240 1 1.1
RRLGDRC572 241 242 1 1.08
RRLGDRC572 246 247 1 3.51
RRLGDRC572 256 259 3 1.26
RRLGDRC572 262 263 1 1.27
RRLGDRC572 267 273 6 2.86
RRLGDRC572 277 279 2 4.25
RRLGDRC572 284 300 16 8.04
RRLGDRC572 312 313 1 1.46
RRLGDRC573 6911658 437216 494 ‐62 270 354 255 258 3 1.41
RRLGDRC573 263 271 8 1.29
RRLGDRC573 306 316 10 1.05
RRLGDRC573 320 321 1 1.06
RRLGDRC573 329 346 17 1.11
RRLGDRC574 6911693 437176 495 ‐60 270 330 201 202 1 1.46
RRLGDRC574 206 207 1 2.19
RRLGDRC574 221 222 1 1.18
RRLGDRC574 225 226 1 1.06

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Quarterly Report to 31 December 2017

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RRLGDRC574 242 243 1 1.82
RRLGDRC574 276 289 13 3.99
RRLGDRC574 309 314 5 1.07
RRLGDRC575 6911696 437220 494 ‐60 270 348 258 259 1 1.12
RRLGDRC575 263 264 1 2.94
RRLGDRC575 274 275 1 3.82
RRLGDRC575 295 296 1 1.19
RRLGDRC575 300 311 11 3.03
RRLGDRC575 322 324 2 14.2
RRLGDRC575 327 328 1 1.02
RRLGDRC575 332 338 6 7.72
RRLGDRC576 6911696 437140 494 ‐60 270 294 No significant Intercept
RRLGDRC577 6911595 437283 493 ‐57 271 414 No significant Intercept
RRLGDRC578 6911595 437316 493 ‐57 271 438 No significant Intercept
RRLGDRC580 6911839 437090 500 ‐62 268 278 219 227 8 1.1
RRLGDRC580 230 231 1 1.26
RRLGDRC580 234 235 1 1.43
RRLGDRC580 264 265 1 2.84
RRLGDRC581 6911891 437109 499 ‐64 270 320 177 178 1 6.2
RRLGDRC581 186 192 6 1.93
RRLGDRC581 196 207 11 1.58
RRLGDRC581 210 235 25 2
RRLGDRC581 239 242 3 1.01
RRLGDRC581 273 274 1 1.02
RRLGDRC581 312 313 1 5.76
RRLGDRC582 6911592 437103 493 ‐60 271 258 131 132 1 1.41

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Quarterly Report to 31 December 2017

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RRLGDRC582 180 182 2 2.47
RRLGDRC582 187 188 1 2.31
RRLGDRC582 257 258 1 1.93
RRLGDRC583 6911840 437180 492 ‐60 270 343 237 246 9 1.44
RRLGDRC583 255 264 9 1.5
RRLGDRC583 275 276 1 1.9
RRLGDRC583 279 280 1 1.68
RRLGDRC583 284 286 2 1.08
RRLGDRC583 290 291 1 4.56
RRLGDRC583 300 301 1 1.23
RRLGDRC583 303 311 8 1.16
RRLGDRC584 6911920 437200 494 ‐64 268 83 No significant Intercept
RRLGDRC585 6911975 437185 494 ‐70 272 83 0 3 3 1.82
RRLGDRC586 6912000 437230 494 ‐70 268 103 24 26 2 1.38
RRLGDRC586 29 32 3 2.29
RRLGDRC586 38 41 3 3.28
RRLGDRC586 46 48 2 5.27
RRLGDRC586 68 69 1 2.18
RRLGDRC587 6912000 437273 494 ‐70 274 163 62 65 3 1.15
RRLGDRC587 70 71 1 1.39
RRLGDRC587 95 96 1 1.06
RRLGDRC587 99 102 3 1.37
RRLGDRC588 6911970 437248 494 ‐65 272 123 65 66 1 1.11
RRLGDRC588 71 72 1 1.13
RRLGDRC588 83 84 1 1.62
RRLGDRC588 115 116 1 1.02

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Quarterly Report to 31 December 2017

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RRLGDRC589 6911960 437275 494 ‐65 268 133 73 74 1 1.52
RRLGDRC589 84 87 3 2.2
RRLGDRC590 6911920 437250 494 ‐60 270 103 48 49 1 1.09
RRLGDRC591 6911920 437285 494 ‐60 269 163 73 74 1 1.62
RRLGDRC591 92 95 3 1.31
RRLGDRC591 104 105 1 1.74
RRLGDRC592 6911880 437255 494 ‐60 269 113 33 34 1 1.82
RRLGDRC592 44 47 3 2.12
RRLGDRC593 6911880 437295 494 ‐60 270 133 18 21 3 2.22
RRLGDRC593 26 28 2 1.81
RRLGDRC593 84 89 5 2.15
RRLGDRC593 93 94 1 1.35
RRLGDRC594 6911430 437285 492 ‐60 270 435 253 254 1 1.11
RRLGDRC594 336 337 1 2.74
RRLGDRC594 341 353 12 1.87
RRLGDRC594 356 364 8 2.85
RRLGDRC594 368 371 3 1.68
RRLGDRC594 380 381 1 5.73
RRLGDRC594 385 395 10 2.68
RRLGDRC594 400 405 5 1.04
RRLGDRC594 418 419 1 1.6
RRLGDRC594 424 425 1 4.68
Idaho Collar Location Intersection >1.0ppm Au and >1g/t Au*m
Hole ID Y X Z Dip Azimuth Total
Depth (m)
From
(m)

To
(m)
Interval
(m)
Au
(ppm)
RRLIHRC166 6908223 431666 485 ‐60 251 78 No significant Intercept

Page 57

Quarterly Report to 31 December 2017

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RRLIHRC167 6908216 431646 485 ‐60 252 48 34 35 1 1.86
RRLIHRC168 6908184 431678 486 ‐60 251 78 No significant Intercept
RRLIHRC169 6908177 431659 486 ‐60 251 50 No significant Intercept
RRLIHRC170 6908143 431687 486 ‐60 252 84 No significant Intercept
RRLIHRC171 6908138 431670 486 ‐60 251 48 No significant Intercept
RRLIHRC172 6909607 431188 480 ‐60 256 48 25 27 2 7.44
RRLIHRC172 32 33 1 1.06
RRLIHRC172 36 37 1 1.52
RRLIHRC173 6909613 431207 480 ‐60 256 78 52 53 1 2.1
RRLIHRC173 60 63 3 1.76
RRLIHRC173 67 69 2 1.23
RRLIHRC174 6909616 431225 480 ‐60 255 96 No significant Intercept
RRLIHRC175 6909620 431244 480 ‐60 254 126 No significant Intercept
RRLIHRC176 6909623 431261 480 ‐60 254 144 No significant Intercept
RRLIHRC177 6908389 431602 484 ‐60 255 84 1 7 6 1.45
RRLIHRC177 12 13 1 2.12
RRLIHRC177 18 20 2 1.24
RRLIHRC177 76 77 1 13
RRLIHRC178 6908383 431580 484 ‐60 254 69 20 21 1 1.05
RRLIHRC179 6908377 431561 484 ‐60 253 48 No significant Intercept
RRLIHRC180 6908417 431543 484 ‐60 253 48 No significant Intercept
RRLIHRC181 6908435 431609 484 ‐60 253 108 60 62 2 1.4
RRLIHRC181 66 67 1 1.49
RRLIHRC181 77 78 1 2.58
RRLIHRC181 82 83 1 1.11
RRLIHRC181 89 93 4 3.28

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Quarterly Report to 31 December 2017

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King John Collar Location King John Collar Location King John Collar Location King John Collar Location King John Collar Location King John Collar Location King John Collar Location Intersection >1.0ppm Au and >1g/t Au*m Intersection >1.0ppm Au and >1g/t Au*m Intersection >1.0ppm Au and >1g/t Au*m Intersection >1.0ppm Au and >1g/t Au*m
Hole ID Y X Z Dip Azimuth Total
Depth (m)
From
(m)

To
(m)
Interval
(m)
Au
(ppm)
RRLKJAC005 6914664 424957 495 ‐60 248 103 No significant Intercept
RRLKJAC006 6914695 425031 495 ‐60 247 140 77 78 1 2.26
RRLKJAC020 6915083 425127 495 ‐60 248 126 No significant Intercept
RRLKJAC023 6916260 424100 495 ‐60 270 82 73 74 1 1.41
RRLKJAC024 6916260 424260 495 ‐60 273 121 No significant Intercept
RRLKJAC027 6916260 424740 495 ‐60 272 98 63 64 1 2.97
RRLKJAC041 6916580 425060 495 ‐60 271 89 62 63 1 1.03
RRLKJAC041 70 71 1 1.13
RRLKJAC044 6916580 425140 495 ‐60 270 78 No significant Intercept
RRLKJAC045 6916260 424180 495 ‐60 271 89 68 72 4 1.33
RRLKJAC045 79 80 1 1.56
RRLKJAC021 6914936 425189 495 ‐60 247 90 29 30 1 2.04
RRLKJAC021 51 52 1 4.86
RRLKJAC021 69 70 1 1.34
Little Well Collar Location Intersection >1.0ppm Au and >1g/t Au*m
Hole ID Y X Z Dip Azimuth Total
Depth (m)
From
(m)

To
(m)
Interval
(m)
Au
(ppm)
RRLLWAC114 6923800 426020 550 ‐60 270 119 No significant Intercept
RRLLWAC115 6923800 426100 550 ‐60 268 112 No significant Intercept
RRLLWAC116 6923800 426180 550 ‐60 271 103 No significant Intercept
RRLLWAC117 6923800 426260 550 ‐60 269 128 No significant Intercept
RRLLWAC118 6923800 426340 550 ‐60 269 77 No significant Intercept

Page 59

Quarterly Report to 31 December 2017

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RRLLWAC119 6924340 425750 550 ‐60 270 74 No significant Intercept No significant Intercept No significant Intercept No significant Intercept
RRLLWAC120 6924340 425830 550 ‐60 272 69 No significant Intercept
RRLLWAC121 6924340 425910 550 ‐60 270 83 No significant Intercept
RRLLWAC122 6924340 425990 550 ‐60 270 32 No significant Intercept
RRLLWAC123 6924340 426070 550 ‐60 270 68 No significant Intercept
RRLLWAC124 6924340 426150 550 ‐60 270 80 No significant Intercept
RRLLWAC125 6923800 426300 550 ‐60 90 54 No significant Intercept
RRLLWAC126 6924600 426030 550 ‐60 267 77 No significant Intercept
RRLLWAC127 6924600 426110 550 ‐60 270 89 32 36 4 1.95
RRLLWAC128 6924600 426190 550 ‐60 270 115 No significant Intercept
RRLLWAC129 6924600 426270 550 ‐60 270 122 No significant Intercept
RRLLWAC130 6924760 426030 550 ‐60 270 83 48 52 4 8.43
RRLLWAC131 6924760 426110 550 ‐60 270 69 No significant Intercept
RRLLWAC132 6924760 426190 550 ‐60 270 111 No significant Intercept
RRLLWAC133 6924960 425820 550 ‐60 270 77 No significant Intercept
RRLLWAC134 6924960 425900 550 ‐60 270 74 No significant Intercept
RRLLWAC135 6924960 425980 550 ‐60 270 34 No significant Intercept
RRLLWAC136 6924960 426060 550 ‐60 270 91 No significant Intercept
RRLLWAC137 6925300 425530 550 ‐60 270 77 No significant Intercept
RRLLWAC138 6925300 425610 550 ‐60 270 43 No significant Intercept
RRLLWAC139 6925300 425690 550 ‐60 270 48 No significant Intercept
RRLLWAC140 6925300 425770 550 ‐60 270 110 No significant Intercept
RRLLWAC141 6925300 425850 550 ‐60 270 77 No significant Intercept
McKenzie Collar Location Intersection >1.0ppm Au and >1g/t Au*m

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Quarterly Report to 31 December 2017

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Hole ID Y X Z Dip Azimuth Total
Depth (m)
From
(m)

To
(m)
Interval
(m)
Au
(ppm)
RRLMKRC014 6909643 431186 480 ‐60 254 60 35 40 5 7.7
RRLMKRC015 6909727 431177 480 ‐60 271 72 50 53 3 1.4
RRLMKRC015 58 59 1 1.67
RRLMKRC016 6909727 431198 480 ‐60 271 96 No significant Intercept
RRLMKRC017 6909725 431216 480 ‐60 271 132 No significant Intercept
RRLMKRC018 6910059 431148 480 ‐60 270 90 58 65 7 1.06
RRLMKRC019 6910319 431111 481 ‐60 271 108 73 74 1 1.01
RRLMKRC020 6910401 431078 481 ‐60 272 78 No significant Intercept
RRLMKRC021 6910430 431042 481 ‐60 271 120 No significant Intercept
McPhillamys Collar Location Intersection >1.0ppm Au and >1g/t Au*m
Hole ID Y X Z Dip Azimuth Total
Depth (m)
From
(m)

To
(m)
Interval
(m)
Au
(ppm)
RRLMPDD216 6292405 716117 955 ‐62 258 630 238 243 5 1.2
RRLMPDD216 250 261 11 1.51
RRLMPDD216 269 282 13 1.14
RRLMPDD216 290 291 1 1.39
RRLMPDD216 294 295 1 1.12
RRLMPDD216 302 320 18 3.58
RRLMPDD216 336 340 4 1.11
RRLMPDD216 353 387 34 4.36
RRLMPDD216 392 393 1 26.2
RRLMPDD216 398 416 18 3.2
RRLMPDD216 419 420 1 1.07
RRLMPDD216 429 444 15 1.34

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Quarterly Report to 31 December 2017

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RRLMPDD216 449 451 2 2.08
RRLMPDD216 455 456 1 1.89
RRLMPDD216 473 477 4 1.5
RRLMPDD216 495 496 1 1.21
RRLMPDD216 504 514 10 1.77
RRLMPDD216 545 550 5 1.03
RRLMPDD216 561 564 3 1.62
RRLMPDD216 570 573 3 1.99
RRLMPDD216 580 591 11 5.25
RRLMPDD217 6292354 716136 952 ‐63 258 603 422 439 17 1.44
RRLMPDD217 447 448 1 1.03
RRLMPDD217 452 453 1 1.32
RRLMPDD217 457 458 1 1.14
RRLMPDD217 466 468 2 1.62
RRLMPDD217 504 506 2 1.15
RRLMPDD217 517 518 1 1.07
RRLMPDD217 527 529 2 1.33
RRLMPDD217 558 559 1 1.19
RRLMPDD217 570 572 2 2.52
RRLMPDD217 578 582 4 1.32
RRLMPDD217 597 599 2 3.33
RRLMPRC177 6293180 716315 948 ‐60 258 100 No significant Intercept
RRLMPRC178 6293200 716426 960 ‐60 258 100 No significant Intercept
RRLMPRC179 6293981 718031 982 ‐60 258 50 No significant Intercept
RRLMPRC180 6293573 718025 980 ‐60 258 50 No significant Intercept
RRLMPRC181 6293578 718123 985 ‐60 258 50 No significant Intercept

Page 62

Quarterly Report to 31 December 2017

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RRLMPRC182 6292950 718004 979 ‐60 258 50 No significant Intercept No significant Intercept No significant Intercept No significant Intercept
RRLMPRC183 6291428 717249 970 ‐60 258 50 No significant Intercept
RRLMPRC184 6291373 716811 987 ‐60 258 50 No significant Intercept
RRLMPRC185 6291381 716702 979 ‐60 258 50 No significant Intercept
RRLMPRC186 6291377 716600 966 ‐60 258 50 No significant Intercept
RRLMPRC187 6291583 716738 1009 ‐60 258 50 No significant Intercept
Moolart Well Collar Location Intersection >1.0ppm Au and >1g/t Au*m
Hole ID Y X Z Dip Azimuth Total
Depth (m)
From
(m)

To
(m)
Interval
(m)
Au
(ppm)
RRLMWAC3098 6944602 436054 555 ‐60 268 148 36 37 1 3.9
RRLMWAC3098 49 50 1 2.38
RRLMWAC3098 72 73 1 7.7
RRLMWAC3098 77 78 1 3.24
RRLMWAC3099 6944322 436102 550 ‐60 268 104 47 48 1 4.73
RRLMWAC3100 6944271 436053 545 ‐60 271 95 59 62 3 1.61
RRLMWAC3101 6944271 436077 546 ‐60 270 89 45 49 4 1.1
RRLMWAC3102 6944271 436100 546 ‐60 270 98 53 55 2 7.83
RRLMWAC3102 60 61 1 6.82
RRLMWAC3102 66 67 1 1.11
RRLMWAC3103 6946497 435402 522 ‐60 270 56 No significant Intercept
RRLMWAC3104 6946525 435423 523 ‐60 270 63 39 40 1 3.46
RRLMWAC3104 43 44 1 5.57
RRLMWAC3104 53 54 1 1.25
RRLMWAC3105 6946576 435384 522 ‐60 270 50 32 35 3 4.99
RRLMWAC3106 6946611 435385 522 ‐63 270 45 36 38 2 1.55

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Quarterly Report to 31 December 2017

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RRLMWAC3107 6946670 435393 524 ‐60 271 45 1 2 1 1.03
RRLMWAC3107 32 33 1 1.22
RRLMWAC3107 34 35 1 1.38
RRLMWAC3108 6946950 435370 523 ‐60 270 34 No significant Intercept
RRLMWAC3109 6947600 435199 531 ‐60 271 72 No significant Intercept
RRLMWAC3110 6947597 435224 531 ‐60 271 61 No significant Intercept
RRLMWAC3111 6947652 435215 532 ‐60 271 75 No significant Intercept
RRLMWAC3112 6948503 434934 515 ‐49 269 61 No significant Intercept
RRLMWAC3113 6948766 434873 529 ‐60 271 85 No significant Intercept
RRLMWAC3114 6948825 434874 529 ‐61 270 70 52 54 2 1.28
RRLMWAC3114 68 69 1 1.16
RRLMWAC3115 6948750 434849 534 ‐62 272 96 No significant Intercept
RRLMWAC3116 6948777 434847 534 ‐61 272 90 No significant Intercept
RRLMWAC3117 6948825 434846 533 ‐61 270 88 38 39 1 1.36
RRLMWAC3118 6948499 434874 534 ‐60 270 89 No significant Intercept
RRLMWAC3119 6944671 435501 542 ‐56 269 55 No significant Intercept
RRLMWAC3120 6942925 435147 545 ‐60 271 82 No significant Intercept
RRLMWAC3121 6942925 435176 545 ‐60 270 54 47 49 2 2.73
RRLMWAC3122 6942952 435148 545 ‐60 270 95 No significant Intercept
RRLMWAC3123 6942950 435174 545 ‐60 270 92 No significant Intercept
RRLMWAC3124 6943028 435148 545 ‐60 270 104 5 6 1 1.65
RRLMWAC3124 24 27 3 1.44
RRLMWAC3125 6943075 435147 545 ‐60 270 62 No significant Intercept
RRLMWAC3126 6943127 435146 545 ‐60 268 47 5 7 2 1.55
RRLMWAC3127 6943346 435149 544 ‐60 270 53 No significant Intercept

Page 64

Quarterly Report to 31 December 2017

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RRLMWAC3128 6943421 435173 544 ‐60 270 53 No significant Intercept No significant Intercept No significant Intercept
RRLMWAC3129 6943452 435147 544 ‐60 268 50 9 10 1 1.59
RRLMWAC3130 6943476 435174 543 ‐60 271 50 No significant Intercept
RRLMWAC3131 6943527 435171 543 ‐60 272 50 No significant Intercept
RRLMWRC1451 6946901 435244 520 ‐50 269 156 80 81 1 1.7
RRLMWRC1451 90 91 1 1.64
RRLMWRC1451 111 113 2 1.44
RRLMWRC1452 6946850 435265 520 ‐60 270 84 34 36 2 1.4
RRLMWRC1452 42 43 1 8.08
RRLMWRC1452 58 59 1 1.6
RRLMWRC1453 6946752 435318 521 ‐60 269 96 No significant Intercept
RRLMWRC1454 6946799 435473 523 ‐60 271 114 88 89 1 1.16
RRLMWRC1455 6946850 435481 524 ‐50 269 102 94 95 1 2.49
RRLMWRC1456 6947000 435469 524 ‐60 268 120 89 90 1 1.2
RRLMWRC1457 6946200 435535 537 ‐54 270 120 95 100 5 1.46
RRLMWRC1457 106 110 4 1.94
RRLMWRC1458 6904200 435571 537 ‐60 272 142 87 88 1 3.66
RRLMWRC1458 96 97 1 1.82
RRLMWRC1459 6946200 435592 537 ‐60 271 180 113 114 1 1.37
RRLMWRC1459 120 122 2 6.56
RRLMWRC1459 127 128 1 1.22
RRLMWRC1460 6946250 435544 537 ‐50 277 138 10 11 1 1.17
RRLMWRC1460 80 83 3 1.09
RRLMWRC1460 118 119 1 1.6
RRLMWRC1461 6946250 435546 537 ‐60 277 160 61 62 1 1.43
RRLMWRC1461 85 87 2 1.82

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Quarterly Report to 31 December 2017

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RRLMWRC1461 113 114 1 1.64
RRLMWRC1461 129 130 1 1.05
RRLMWRC1462 6946250 435572 537 ‐60 272 162 100 101 1 1.08
RRLMWRC1462 108 109 1 1.07
RRLMWRC1462 116 117 1 1.34
RRLMWRC1462 127 128 1 3.04
RRLMWRC1463 6946250 435622 536 ‐60 272 204 147 151 4 1.13
RRLMWRC1463 153 154 1 1.21
RRLMWRC1463 164 168 4 1.29
RRLMWRC1463 171 172 1 1.03
RRLMWRC1463 177 178 1 1.36
RRLMWRC1464 6946250 435431 527 ‐62 270 78 35 40 5 1.44
RRLMWRC1464 53 54 1 1.06
RRLMWRC1464 57 58 1 1.4
RRLMWRC1465 6946250 435471 527 ‐60 271 84 48 49 1 1.08
RRLMWRC1465 66 70 4 1.81
RRLMWRC1466 6946200 435441 528 ‐60 269 84 35 40 5 1.79
RRLMWRC1466 49 51 2 1.19
RRLMWRC1466 54 55 1 1.06
RRLMWRC1466 61 62 1 1.15
RRLMWRC1466 66 69 3 3.4
RRLMWRC1467 6946850 435349 524 ‐60 270 84 No significant Intercept
RRLMWRC1468 6946900 435264 521 ‐60 271 90 59 60 1 1.22
RRLMWRC1469 6947050 435365 522 ‐60 270 78 41 42 1 1.75
RRLMWRC1469 66 67 1 2.17
RRLMWRC1469 74 75 1 1.68

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Quarterly Report to 31 December 2017

==> picture [125 x 37] intentionally omitted <==

RRLMWRC1470 6947000 435421 523 ‐60 271 84 44 45 1 1.1
RRLMWRC1470 48 53 5 1.54
RRLMWRC1470 81 82 1 2.18
RRLMWRC1471 6946900 435314 521 ‐59 272 90 No significant Intercept
RRLMWRC1472 6946910 435419 525 ‐50 270 72 51 52 1 1.34
RRLMWRC1472 66 67 1 1.56
RRLMWRC1473 6946910 435419 525 ‐90 0 84 54 55 1 1.42
RRLMWRC1474 6946950 435419 521 ‐60 270 84 No significant Intercept
RRLMWRC1475 6946950 435466 523 ‐60 272 126 No significant Intercept
RRLMWRC1476 6947000 435514 525 ‐60 269 162 No significant Intercept
RRLMWRC1477 6946850 435472 525 ‐60 272 108 No significant Intercept
RRLMWRC1478 6946900 435629 526 ‐60 270 120 77 78 1 1.74
RRLMWRC1478 87 90 3 1.36
RRLMWRC1478 103 104 1 1.45
RRLMWRC1478 114 115 1 3.78
RRLMWRC1479 6946150 435470 529 ‐60 270 90 57 58 1 1.9
RRLMWRC1479 84 85 1 1.11
RRLMWRC1480 6946100 435375 537 ‐60 270 138 134 135 1 1.48
RRLMWRC1481 6946000 435440 528 ‐60 270 74 No significant Intercept
RRLMWRC1482 6946100 435570 528 ‐60 270 138 122 123 1 5.53
RRLMWRC1482 135 136 1 6.22
RRLMWRC1483 6946050 435517 528 ‐60 260 132 114 115 1 4.34
RRLMWRC1483 118 119 1 1.82
RRLMWRC1484 6946050 435468 528 ‐60 270 132 78 79 1 5.99
RRLMWRC1484 125 126 1 1.15
RRLMWRC1485 6946050 435570 528 ‐60 269 168 79 80 1 2.08

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Quarterly Report to 31 December 2017

==> picture [125 x 37] intentionally omitted <==

RRLMWRC1485 126 127 1 1.83
RRLMWRC1485 133 134 1 2.34
RRLMWRC1485 159 160 1 5.41
RRLMWRC1486 6945990 435440 528 ‐60 270 120 87 89 2 1.17
RRLMWRC1486 90 91 1 1.3
RRLMWRC1487 6946000 435570 528 ‐60 271 168 89 92 3 7.96
RRLMWRC1487 134 135 1 1.06
RRLMWRC1487 143 144 1 2.01
RRLMWRC1487 163 164 1 1.02
RRLMWRC1488 6946000 435618 529 ‐60 270 198 111 113 2 3.47
RRLMWRC1488 117 118 1 1.6
RRLMWRC1488 157 158 1 1.62
RRLMWRC1488 171 175 4 1.15
RRLMWRC1489 6946005 435680 532 ‐66 270 246 65 66 1 1.06
RRLMWRC1489 120 126 6 2.1
RRLMWRC1489 129 130 1 3.66
RRLMWRC1489 182 193 11 1.4
RRLMWRC1490 6946300 435368 526 ‐60 271 102 5 6 1 1.78
RRLMWRC1491 6946350 435381 525 ‐63 268 102 43 46 3 3.19
RRLMWRC1491 61 63 2 1.66
RRLMWRC1491 70 71 1 1.15
RRLMWRC1492 6946375 435398 525 ‐60 268 84 9 10 1 1.19
RRLMWRC1493 6945900 435490 528 ‐60 268 90 36 38 2 2.56
RRLMWRC1494 6945900 435590 529 ‐60 268 170 105 106 1 2.36
RRLMWRC1494 128 134 6 3.74
RRLMWRC1495 6946375 435446 525 ‐60 268 72 50 52 2 1.47

Page 68

Quarterly Report to 31 December 2017

==> picture [125 x 37] intentionally omitted <==

RRLMWRC1495 63 64 1 1.19
RRLMWRC1496 6946350 435427 526 ‐72 268 126 32 33 1 1.15
RRLMWRC1496 36 42 6 1.63
RRLMWRC1496 97 98 1 2.58
RRLMWRC1497 6946400 435422 522 ‐60 268 72 43 44 1 1.06
RRLMWRC1497 47 48 1 1.03
RRLMWRC1498 6946250 435672 536 ‐60 269 245 61 62 1 2.42
RRLMWRC1498 95 96 1 1.35
RRLMWRC1498 145 148 3 22.01
RRLMWRC1498 178 180 2 2.09
RRLMWRC1498 185 186 1 1.17
RRLMWRC1498 204 205 1 1.49
RRLMWRC1498 211 212 1 2.6
RRLMWRC1499 6946425 435424 522 ‐60 268 82 39 40 1 1.75
RRLMWRC1499 50 51 1 1.51
RRLMWRC1500 6946450 435445 521 ‐72 268 90 65 67 2 2.14
RRLMWRC1501 6946450 435441 521 ‐60 269 84 34 35 1 3.29
RRLMWRC1501 53 55 2 2.03
RRLMWRC1502 6946425 435475 523 ‐60 270 96 46 47 1 1.92
RRLMWRC1502 78 79 1 2.78
RRLMWRC1503 6946400 435470 525 ‐60 270 96 54 55 1 1.01
RRLMWRC1503 77 78 1 1.3
Petra Collar Location Intersection >1.0ppm Au and >1g/t Au*m
Hole ID Y X Z Dip Azimuth Total
Depth (m)
From
(m)

To
(m)
Interval
(m)
Au
(ppm)
RRLPTRAC674 6937400 426280 537 ‐60 90 63 5 6 1 4.86

Page 69

Quarterly Report to 31 December 2017

==> picture [125 x 37] intentionally omitted <==

RRLPTRAC680 6937460 426900 537 ‐60 90 113 No significant Intercept No significant Intercept No significant Intercept No significant Intercept
RRLPTRAC681 6937330 426850 537 ‐60 90 75 48 55 7 1.59
RRLPTRAC681 70 72 2 1.68
RRLPTRAC682 6937330 426810 537 ‐60 90 66 55 56 1 1.75
RRLPTRAC683 6937180 426880 537 ‐60 90 89 44 45 1 1.01
RRLPTRAC683 51 53 2 2.04
RRLPTRAC684 6937180 426840 537 ‐60 90 64 40 47 7 1.92
RRLPTRAC685 6937020 426880 537 ‐60 90 70 33 34 1 1.4
RRLPTRAC685 37 38 1 3.5
RRLPTRAC685 42 43 1 2.68
RRLPTRAC686 6937020 426800 537 ‐60 90 59 No significant Intercept
RRLPTRAC690 6936940 426940 537 ‐60 90 75 9 10 1 1.17
RRLPTRAC690 17 18 1 4.78
RRLPTRAC691 6936940 426900 537 ‐60 90 58 45 46 1 2.02
RRLPTRAC692 6936940 426860 537 ‐60 90 71 44 52 8 1.67
RRLPTRAC693 6936820 426970 537 ‐60 90 63 No significant Intercept
RRLPTRAC694 6936820 426930 537 ‐60 90 66 17 18 1 1.7
RRLPTRAC695 6936820 426890 537 ‐60 90 66 44 45 1 11.8
RRLPTRAC696 6936760 426780 537 ‐60 90 62 26 27 1 24.3
Ranch Collar Location Intersection >1.0ppm Au and >1g/t Au*m
Hole ID Y X Z Dip Azimuth Total
Depth (m)
From
(m)

To
(m)
Interval
(m)
Au
(ppm)
RRLRAAC030 6904350 432700 483 ‐60 270 67 No significant Intercept
RRLRAAC031 6904350 432780 483 ‐60 270 104 No significant Intercept
RRLRAAC032 6904350 432850 483 ‐60 270 48 No significant Intercept

Page 70

Quarterly Report to 31 December 2017

==> picture [125 x 37] intentionally omitted <==

RRLRAAC033 6904350 432930 483 ‐60 270 89 No significant Intercept No significant Intercept No significant Intercept No significant Intercept
RRLRAAC034 6904350 432815 483 ‐60 270 43 No significant Intercept
RRLRAAC035 6904350 433010 483 ‐60 270 66 No significant Intercept
RRLRAAC036 6904350 433090 483 ‐60 270 73 52 56 4 2.75
RRLRAAC037 6904350 433170 483 ‐60 270 40 No significant Intercept
RRLRAAC038 6904350 433240 483 ‐60 270 56 No significant Intercept
RRLRAAC039 6904170 432560 483 ‐60 270 82 No significant Intercept
RRLRAAC040 6904170 432640 483 ‐60 269 37 No significant Intercept
RRLRAAC041 6904170 432720 483 ‐60 270 101 No significant Intercept
RRLRAAC042 6904170 432800 483 ‐60 271 104 No significant Intercept
RRLRAAC043 6904170 432890 483 ‐60 270 40 No significant Intercept
RRLRAAC044 6904170 432990 483 ‐60 272 71 No significant Intercept
RRLRAAC045 6904170 432950 483 ‐60 270 66 No significant Intercept
RRLRAAC046 6904170 432910 483 ‐60 270 43 No significant Intercept
RRLRAAC047 6904170 433030 483 ‐60 271 66 No significant Intercept
RRLRAAC048 6904170 433070 483 ‐60 271 58 No significant Intercept
RRLRAAC049 6904170 433150 483 ‐60 272 56 No significant Intercept
RRLRAAC050 6904170 433230 483 ‐60 270 10 No significant Intercept
RRLRAAC051 6904170 433233 483 ‐60 270 40 No significant Intercept
RRLRAAC052 6903840 432610 483 ‐60 270 47 No significant Intercept
RRLRAAC053 6903840 432690 483 ‐60 270 58 No significant Intercept
RRLRAAC054 6903840 432770 483 ‐60 270 49 No significant Intercept
RRLRAAC055 6903840 432850 483 ‐60 270 80 No significant Intercept
RRLRAAC056 6903840 432930 483 ‐60 270 28 No significant Intercept
RRLRAAC057 6903840 432990 483 ‐60 270 54 No significant Intercept

Page 71

Quarterly Report to 31 December 2017

==> picture [125 x 37] intentionally omitted <==

RRLRAAC058 6903840 432970 483 ‐60 270 58 No significant Intercept No significant Intercept No significant Intercept No significant Intercept
RRLRAAC059 6903840 433090 483 ‐60 271 51 No significant Intercept
RRLRAAC060 6903840 433170 483 ‐60 266 79 No significant Intercept
RRLRAAC061 6903840 433250 483 ‐60 270 73 No significant Intercept
RRLRAAC062 6903840 433330 483 ‐60 270 89 No significant Intercept
RRLRAAC063 6903640 432689 483 ‐60 268 24 No significant Intercept
RRLRAAC064 6903640 432769 483 ‐60 270 24 No significant Intercept
RRLRAAC065 6903640 432849 483 ‐60 270 51 No significant Intercept
RRLRAAC066 6903640 432929 483 ‐60 268 60 No significant Intercept
RRLRAAC067 6903640 433029 483 ‐60 270 23 No significant Intercept
RRLRAAC068 6903640 433089 483 ‐60 268 52 No significant Intercept
RRLRAAC069 6903640 432989 483 ‐60 271 13 No significant Intercept
RRLRAAC070 6903640 433009 483 ‐60 270 13 No significant Intercept
RRLRAAC071 6903640 433049 483 ‐60 265 51 No significant Intercept
RRLRAAC072 6903640 433169 483 ‐60 270 56 40 44 4 1.32
RRLRAAC073 6903640 433249 483 ‐60 268 54 No significant Intercept
RRLRAAC074 6903640 433329 483 ‐60 268 90 No significant Intercept
RRLRAAC075 6903400 432760 483 ‐60 269 32 No significant Intercept
RRLRAAC076 6903400 432840 483 ‐60 269 28 No significant Intercept
RRLRAAC077 6903400 432920 483 ‐60 270 41 No significant Intercept
RRLRAAC078 6903400 433040 483 ‐60 270 33 No significant Intercept
RRLRAAC079 6903400 433150 483 ‐60 268 43 No significant Intercept
RRLRAAC080 6903400 433250 483 ‐60 270 50 19 20 1 6.46
RRLRAAC081 6903400 433380 483 ‐60 270 48 No significant Intercept
RRLRAAC082 6903020 432810 483 ‐60 270 21 No significant Intercept

Page 72

Quarterly Report to 31 December 2017

==> picture [125 x 37] intentionally omitted <==

RRLRAAC083 6903020 432890 483 ‐60 268 19 No significant Intercept No significant Intercept No significant Intercept No significant Intercept
RRLRAAC084 6903020 432970 483 ‐60 270 30 No significant Intercept
RRLRAAC085 6903020 433050 483 ‐60 270 25 No significant Intercept
RRLRAAC086 6903020 433130 483 ‐60 272 73 No significant Intercept
RRLRAAC087 6903020 433210 483 ‐60 272 109 27 28 1 2.81
RRLRAAC088 6903020 433170 483 ‐60 270 80 No significant Intercept
RRLRAAC089 6903020 433090 483 ‐60 271 48 No significant Intercept
RRLRAAC090 6903020 433290 483 ‐60 270 74 16 17 1 1.34
RRLRAAC090 20 21 1 1.26
RRLRAAC091 6902800 432910 483 ‐60 271 19 No significant Intercept
RRLRAAC092 6902800 432990 483 ‐60 270 22 No significant Intercept
RRLRAAC093 6902800 433070 483 ‐60 270 37 No significant Intercept
RRLRAAC094 6902800 433160 483 ‐60 270 52 No significant Intercept
RRLRAAC095 6902800 433260 483 ‐60 270 79 13 14 1 3.86
RRLRAAC095 18 19 1 2.14
RRLRAAC095 38 39 1 1.34
RRLRAAC096 6902660 432890 483 ‐60 271 19 No significant Intercept
RRLRAAC097 6902660 432970 483 ‐60 270 31 No significant Intercept
RRLRAAC098 6902660 433050 483 ‐60 270 50 No significant Intercept
RRLRAAC099 6902660 433130 483 ‐60 270 55 No significant Intercept
RRLRAAC100 6902660 433210 483 ‐60 270 19 No significant Intercept
RRLRAAC101 6902540 433360 483 ‐60 265 66 10 12 2 1.06
RRLRAAC101 41 42 1 1.72
RRLRAAC102 6902540 433440 483 ‐60 270 82 No significant Intercept
RRLRAAC103 6902200 433050 483 ‐60 270 37 No significant Intercept

Page 73

Quarterly Report to 31 December 2017

==> picture [125 x 37] intentionally omitted <==

RRLRAAC104 6902200 433130 483 ‐60 270 29 No significant Intercept No significant Intercept No significant Intercept No significant Intercept
RRLRAAC105 6902200 433210 483 ‐60 272 21 No significant Intercept
RRLRAAC106 6902200 433290 483 ‐60 270 38 No significant Intercept
RRLRAAC107 6902200 433370 483 ‐60 270 77 No significant Intercept
RRLRAAC108 6902200 433450 483 ‐60 270 80 No significant Intercept
RRLRAAC109 6902200 433530 483 ‐60 270 112 No significant Intercept
RRLRAAC110 6902200 433610 483 ‐60 270 116 No significant Intercept
RRLRAAC111 6902200 433330 483 ‐60 270 64 48 52 4 1.2
RRLRAAC112 6902400 433256 483 ‐60 270 34 No significant Intercept
RRLRAAC113 6902660 433090 483 ‐60 270 52 No significant Intercept
RRLRAAC114 6902800 433115 483 ‐60 270 38 No significant Intercept
RRLRAAC115 6902000 433140 483 ‐60 270 32 No significant Intercept
RRLRAAC116 6902000 433220 483 ‐60 270 35 No significant Intercept
RRLRAAC117 6902000 433340 483 ‐60 270 60 No significant Intercept
RRLRAAC118 6901900 433240 483 ‐60 270 35 No significant Intercept
RRLRAAC119 6901900 433120 483 ‐60 190 27 No significant Intercept
RRLRAAC120 6901900 433320 483 ‐60 270 33 No significant Intercept
RRLRAAC121 6901900 433400 483 ‐60 270 82 No significant Intercept
RRLRAAC122 6901900 433480 483 ‐60 270 63 No significant Intercept
RRLRAAC123 6901900 433560 483 ‐60 270 98 No significant Intercept
RRLRAAC124 6902000 433270 483 ‐60 270 4 No significant Intercept
RRLRAAC125 6902000 433272 483 ‐60 270 18 No significant Intercept
RRLRAAC126 6901800 433150 483 ‐60 270 33 No significant Intercept
RRLRAAC127 6901800 433230 483 ‐60 270 33 No significant Intercept
RRLRAAC128 6901800 433330 483 ‐60 270 45 No significant Intercept

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Quarterly Report to 31 December 2017

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RRLRAAC129 6901800 433390 483 ‐60 270 53 No significant Intercept
RRLRAAC130 6901800 433600 483 ‐60 270 98 No significant Intercept
RRLRAAC131 6901710 433480 483 ‐60 270 71 No significant Intercept
RRLRAAC132 6901710 433560 483 ‐60 270 83 No significant Intercept
RRLRAAC133 6901710 433640 483 ‐60 270 74 No significant Intercept
RRLRAAC134 6901710 433720 483 ‐60 270 44 No significant Intercept
RRLRAAC135 6900600 433480 483 ‐60 270 21 No significant Intercept
RRLRAAC136 6900600 433560 483 ‐60 270 20 No significant Intercept
RRLRAAC137 6900600 433640 483 ‐60 270 20 No significant Intercept
RRLRAAC138 6900600 433720 483 ‐60 270 24 No significant Intercept
RRLRAAC139 6900800 433430 483 ‐60 270 24 No significant Intercept
RRLRAAC140 6900800 433460 483 ‐60 270 27 No significant Intercept
RRLRAAC141 6900800 433550 483 ‐60 270 26 No significant Intercept
RRLRAAC142 6900800 433650 483 ‐60 270 30 No significant Intercept
RRLRAAC143 6900800 433750 483 ‐60 268 3 No significant Intercept
RRLRAAC144 6900800 433850 483 ‐60 270 12 No significant Intercept
RRLRAAC145 6901000 433370 483 ‐60 268 23 No significant Intercept
RRLRAAC146 6901000 433428 483 ‐60 266 19 No significant Intercept
RRLRAAC147 6901000 433510 483 ‐60 270 34 No significant Intercept
RRLRAAC148 6901000 433585 483 ‐60 268 39 No significant Intercept
RRLRAAC149 6901000 433665 483 ‐60 270 48 No significant Intercept
RRLRAAC150 6901000 433745 483 ‐60 267 24 No significant Intercept
RRLRAAC151 6901000 433825 483 ‐60 269 23 No significant Intercept
RRLRAAC152 6901200 433330 483 ‐60 270 50 No significant Intercept
RRLRAAC153 6901200 433410 483 ‐60 270 21 No significant Intercept

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Quarterly Report to 31 December 2017

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RRLRAAC154 6901200 433480 483 ‐60 268 29 No significant Intercept No significant Intercept No significant Intercept No significant Intercept
RRLRAAC155 6901200 433606 483 ‐60 271 35 No significant Intercept
RRLRAAC156 6901200 433700 483 ‐60 273 12 No significant Intercept
RRLRAAC157 6901200 433800 483 ‐60 271 15 No significant Intercept
RRLRAAC158 6901400 433660 483 ‐60 268 15 No significant Intercept
RRLRAAC159 6901400 433740 483 ‐60 270 3 No significant Intercept
RRLRAAC160 6901600 433250 483 ‐60 270 50 No significant Intercept
RRLRAAC161 6901600 433360 483 ‐60 268 24 No significant Intercept
RRLRAAC162 6901600 433600 483 ‐60 269 47 No significant Intercept
RRLRAAC163 6901600 433700 483 ‐60 263 34 No significant Intercept
RRLRAAC164 6901710 433360 483 ‐60 269 22 No significant Intercept
RRLRAAC165 6901710 433400 483 ‐60 264 49 No significant Intercept
RRLRAAC166 6901400 433280 483 ‐60 269 55 No significant Intercept
RRLRAAC167 6901400 433360 483 ‐60 267 29 No significant Intercept
RRLRAAC168 6901400 433450 483 ‐60 270 34 No significant Intercept
RRLRAAC169 6901400 433540 483 ‐60 269 44 No significant Intercept
Rosemont Collar Location Intersection >1.0ppm Au and >1g/t Au*m
Hole ID Y X Z Dip Azimuth Total
Depth (m)
From
(m)

To
(m)
Interval
(m)
Au
(ppm)
RRLRMDD006 6918838 428815 502 ‐60 74 336 247.95 248.52 0.57 1.88
RRLRMDD006 256.52 262.86 6.34 1.85
RRLRMDD006 270.81 277.92 7.11 1.24
RRLRMDD006 292 298.52 6.52 2.52
RRLRMDD006 301.07 303.02 1.95 2.01
RRLRMDD007 6919362 428943 509 ‐51 254 370 293 294 1 1.02

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Quarterly Report to 31 December 2017

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RRLRMDD007 314.5 316.97 2.47 11.14
RRLRMDD008 6920066 428411 395 ‐61 74 180 77 77.52 0.52 1.18
RRLRMDD008 105 108.9 3.9 1.37
RRLRMDD008 131.09 132.08 0.99 4.4
RRLRMDD008 135 136 1 1.54
RRLRMDD008 140 140.86 0.86 4.72
RRLRMDD008 144 145 1 1.98
RRLRMRC696 6919983 428414 396 ‐58 74 172 No significant Intercept
RRLRMRC698 6918765 428885 501 ‐54 74 160 107 108 1 2.44
RRLRMRC698 120 138 18 3.27
RRLRMRC699 6919892 428461 395 ‐63 74 162 80 82 2 83.02
RRLRMRC699 105 111 6 4.32
RRLRMRC699 115 116 1 1.02
RRLRMRC699 122 123 1 1.83
RRLRMRC699 127 128 1 1.68
RRLRMRC699 130 131 1 1.09
RRLRMRC700 6919890 428453 395 ‐68 73 187 100 101 1 1.44
RRLRMRC700 126 127 1 3.46
RRLRMRC700 131 134 3 1.74
RRLRMRC700 137 138 1 1.05
RRLRMRC700 140 141 1 1.22
RRLRMRC700 148 150 2 3.05
RRLRMRC700 155 156 1 1.01
RRLRMRC700 162 166 4 1.51
RRLRMRC707 6919913 428461 395 ‐65 73 168 No significant Intercept
RRLRMRC708 6919909 428448 395 ‐65 73 186 No significant Intercept

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Quarterly Report to 31 December 2017

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RRLRMRC709 6919964 428418 396 ‐61 74 187 125 126 1 15.4
RRLRMRC709 129 146 17 6.96
RRLRMRC709 158 159 1 10.6
RRLRMRC710 6919963 428414 396 ‐65 74 207 135 144 9 4.59
RRLRMRC710 148 149 1 1.12
RRLRMRC710 152 163 11 3.15
RRLRMRC710 170 178 8 1.42
RRLRMRC711 6919981 428406 396 ‐66 75 224 143 144 1 5.4
RRLRMRC711 147 151 4 2.09
RRLRMRC711 163 170 7 2.18
RRLRMRC711 174 176 2 2.24
RRLRMRC711 179 180 1 1.62
RRLRMRC712 6920014 428401 396 ‐65 53 231 165 166 1 2.26
RRLRMRC712 169 171 2 12.39
RRLRMRC712 182 191 9 1.84
RRLRMRC712 198 208 10 17.23
RRLRMRC713 6918780 429061 501 ‐54 74 14 No significant Intercept
RRLRMRC714 6918780 429062 501 ‐54 74 178 153 154 1 2.49
RRLRMRC715 6918809 429082 501 ‐50 259 206 187 192 5 2.48
RRLRMRC716 6918677 429094 500 ‐60 252 120 76 79 3 2.19
RRLRMRC716 98 99 1 1.28
RRLRMRC716 103 109 6 1.29
RRLRMRC717 6918677 429101 500 ‐60 253 128 90 91 1 1.07
RRLRMRC717 95 98 3 1.79
RRLRMRC717 112 116 4 8.08
RRLRMRC717 119 121 2 37.28

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Quarterly Report to 31 December 2017

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RRLRMRC718 6918662 429118 500 ‐60 253 153 129 130 1 1
RRLRMRC719 6918657 429099 500 ‐60 253 128 102 103 1 1
RRLRMRC719 111 113 2 2.41
RRLRMRC720 6918637 429103 500 ‐60 253 113 93 94 1 1.14
RRLRMRC720 103 105 2 1.15
RRLRMRC721 6918644 429128 500 60 255 153 135 138 3 11.1
RRLRMRC722 6918578 429184 499 ‐60 255 163 133 141 8 1.99
RRLRMRC723 6918559 429191 499 ‐60 255 93 No significant Intercept
RRLRMRC724 6918558 429193 499 ‐60 253 177 139 142 3 1.38
RRLRMRC724 145 155 10 3.13
RRLRMRC724 162 164 2 10.23
RRLRMRC725 6918536 429178 500 ‐60 254 157 115 116 1 1.64
RRLRMRC725 129 139 10 9.8
RRLRMRC726 6918906 428797 502 ‐65 74 152 No significant Intercept
RRLRMRC727 6918540 429197 499 ‐60 254 186 139 140 1 1.12
RRLRMRC727 143 148 5 1.68
RRLRMRC727 151 166 15 4.88
RRLRMRC728 6918516 429185 497 ‐60 254 165 129 148 19 5.29
RRLRMRC729 6918520 429200 498 ‐60 254 185 130 131 1 3.59
RRLRMRC729 149 157 8 3.14
RRLRMRC729 160 165 5 1.46
RRLRMRC730 6918499 429202 498 ‐60 254 170 155 160 5 5.48
RRLRMRC731 6918473 429181 498 ‐60 254 120 No significant Intercept
RRLRMRC732 6918906 428797 502 ‐70 75 337 287 289 2 1.32
RRLRMRC732 292 311 19 2.51
RRLRMRC733 6918945 428786 502 ‐72 74 502 304 305 1 1.56

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Quarterly Report to 31 December 2017

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RRLRMRC733 310 315 5 22.22
RRLRMRC733 319 320 1 1.51
RRLRMRC733 334 335 1 5.41
RRLRMRC733 377 378 1 7.94
RRLRMRC733 388 391 3 2.16
RRLRMRC733 394 395 1 1.49
RRLRMRC733 408 420 12 1.47
RRLRMRC733 437 442 5 1.73
RRLRMRCD013 6919994 428153 507 ‐48 74 546 443 443.8 0.8 1.47
RRLRMRCD013 447 452.47 5.47 1.7
RRLRMRCD014 6919994 428151 507 ‐52 74 530 463 464.19 1.19 11.66
RRLRMRCD014 471.52 472 0.48 8.08
RRLRMRCD014 474.6 480.05 5.45 2.24
RRLRMRCD018 6918869 428813 504 ‐50 74 309 208.5 213.05 4.55 3.67
RRLRMRCD018 213.31 216.83 3.52 1.05
RRLRMRCD018 219 219.73 0.73 1.22
RRLRMRCD018 222.43 225.35 2.92 1.13
RRLRMRCD018 225.9 230 4.1 1.4
RRLRMRCD018 233.66 234.16 0.5 2.05
RRLRMRCD019 6918781 428870 501 ‐50 74 189 127.15 133.3 6.15 2.35
RRLRMRCD019 133.63 140.52 6.89 2.04
RRLRMRCD019 146.55 148.58 2.03 2.8
RRLRMRCD019 150.73 151.12 0.39 1.67
RRLRMRCD020 6918841 428821 503 ‐50 74 234 188.48 189.53 1.05 3.34
RRLRMRCD020 191 198.32 7.32 4.48
RRLRMRCD020 213.65 214 0.35 1.54

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Quarterly Report to 31 December 2017

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RRLRMRCD021 6918868 428810 503 ‐54 74 265 201.98 202.82 0.84 71.5
RRLRMRCD021 209.95 210.25 0.3 1.22
RRLRMRCD021 217.87 232 14.13 3.96
RRLRMRCD021 235.77 241.56 5.79 1.44
RRLRMRCD022 6918840 428817 503 ‐54 74 271 192.2 193 0.8 6.04
RRLRMRCD022 212 228.75 16.75 2.72
RRLRMRCD022 231.68 237.63 5.95 10.65
RRLRMRCD023 6918867 428806 503 ‐60 74 306 233.7 234.83 1.13 2.16
RRLRMRCD023 239.42 240.11 0.69 1.66
RRLRMRCD023 251.63 253.48 1.85 2.32
RRLRMRCD023 257.09 264.93 7.84 2.24
RRLRMRCD023 267.1 271.16 4.06 1.39
Speights Collar Location Intersection >1.0ppm Au and >1g/t Au*m
Hole ID Y X Z Dip Azimuth Total
Depth (m)
From
(m)

To
(m)
Interval
(m)
Au
(ppm)
RRLSPAC062 6920200 432120 500 ‐60 267 50 No significant Intercept
Ten Mile Bore Collar Location Intersection >1.0ppm Au and >1g/t Au*m
Hole ID Y X Z Dip Azimuth Total
Depth (m)
From
(m)

To
(m)
Interval
(m)
Au
(ppm)
RRLTMAC001 6939380 414140 520 ‐60 90 86 No significant Intercept
RRLTMAC002 6939500 413960 520 ‐60 90 85 No significant Intercept
RRLTMAC003 6939500 413920 520 ‐60 90 59 No significant Intercept
RRLTMAC004 6939500 413840 520 ‐60 90 67 No significant Intercept
RRLTMAC005 6939500 413760 520 ‐60 90 43 No significant Intercept
RRLTMAC006 6939700 413580 520 ‐60 270 45 No significant Intercept
RRLTMAC007 6939700 413620 520 ‐60 90 65 No significant Intercept

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Quarterly Report to 31 December 2017

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RRLTMAC008 6939700 413660 520 ‐60 270 72 No significant Intercept No significant Intercept No significant Intercept No significant Intercept
RRLTMAC009 6939700 413700 520 ‐60 270 106 No significant Intercept
RRLTMAC010 6939500 413880 520 ‐60 270 80 No significant Intercept
RRLTMAC011 6939900 413080 520 ‐60 271 60 No significant Intercept
RRLTMAC012 6939900 413160 520 ‐60 271 54 No significant Intercept
RRLTMAC013 6939900 413240 520 ‐60 270 83 No significant Intercept
RRLTMAC014 6939900 413320 520 ‐60 272 118 No significant Intercept
RRLTMAC015 6941195 411800 520 ‐60 272 41 No significant Intercept
RRLTMAC016 6941195 411880 520 ‐60 270 34 No significant Intercept
RRLTMAC017 6941195 411960 520 ‐60 272 74 No significant Intercept
RRLTMAC018 6941195 412040 520 ‐60 272 42 No significant Intercept
Tooheys Well Collar Location Intersection >1.0ppm Au and >1g/t Au*m
Hole ID Y X Z Dip Azimuth Total
Depth (m)
From
(m)

To
(m)
Interval
(m)
Au
(ppm)
RRLTWDD001 6909468 437918 505 ‐68 45 129 No significant Intercept
RRLTWDD002 6909300 437720 505 ‐60 225 156 75 76 1 2.11
RRLTWRC563 6910770 437260 510 ‐60 270 84 No significant Intercept
RRLTWRC564 6910770 437340 510 ‐60 271 84 No significant Intercept
RRLTWRC565 6910770 437420 510 ‐60 270 90 No significant Intercept
RRLTWRC566 6910770 437500 510 ‐60 271 120 No significant Intercept
Ventnor Collar Location Intersection >1.0ppm Au and >1g/t Au*m
Hole ID Y X Z Dip Azimuth Total
Depth (m)
From
(m)

To
(m)
Interval
(m)
Au
(ppm)
RRLVNAC016 6936220 434450 560 ‐60 256 60 No significant Intercept
RRLVNAC017 6936230 434490 560 ‐60 256 54 14 15 1 4.03

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Quarterly Report to 31 December 2017

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RRLVNAC018 6936390 434510 560 ‐60 256 55 19 23 4 1.83
RRLVNAC018 43 44 1 2.26
RRLVNAC019 6936400 434580 560 ‐60 256 74 No significant Intercept
RRLVNAC020 6936470 434615 560 ‐60 256 98 55 56 1 1.07
RRLVNAC020 86 87 1 2.97
RRLVNAC021 6936620 434610 560 ‐60 256 97 69 73 4 1.09
RRLVNAC022 6936710 434570 560 ‐60 256 82 56 57 1 1.11
RRLVNAC022 61 62 1 1.58
RRLVNAC023 6936720 434610 560 ‐60 256 84 25 26 1 1.71
RRLVNAC023 39 40 1 2.53
RRLVNAC023 57 58 1 2.43
RRLVNAC024 6936800 434590 560 ‐60 256 71 62 65 3 5.92
RRLVNAC025 6936810 434630 560 ‐60 256 95 27 28 1 1.06
RRLVNAC025 33 35 2 2.06
RRLVNAC034 6938100 434890 560 ‐60 256 116 103 104 1 4.92
RRLVNAC034 107 108 1 2.74
RRLVNAC051 6940200 434860 560 ‐60 270 116 71 72 1 1.16
RRLVNAC058 6936450 434660 560 ‐60 256 94 No significant Intercept
RRLVNAC059 6936420 434660 560 ‐60 256 98 No significant Intercept
RRLVNAC060 6936430 434700 560 ‐60 256 114 No significant Intercept
RRLVNAC061 6936350 434640 560 ‐60 260 95 82 83 1 1.52
RRLVNAC062 6936250 434570 560 ‐60 256 71 No significant Intercept
RRLVNAC063 6936260 434610 560 ‐60 256 77 54 55 1 2.55
RRLVNAC064 6936268 434645 560 ‐60 256 92 78 79 1 1.92
RRLVNAC064 83 84 1 2.02

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Quarterly Report to 31 December 2017

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RRLVNAC065 6936277 434684 560 ‐60 256 103 24 25 1 1.2
RRLVNAC066 6936290 434720 560 ‐60 256 58 No significant Intercept

Page 84