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REGIS RESOURCES LIMITED — Interim / Quarterly Report 2020
Jan 21, 2020
65733_rns_2020-01-21_fd2830c3-2686-4051-b6ac-9288ddb9d1d7.pdf
Interim / Quarterly Report
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Highlights (All figures expressed in Australian dollars unless stated otherwise)
- Quarterly gold production of 90,849 oz (Sept 19: 87,633 oz) saw cash flow from operations increase by $17.5m to $100.0m for the December quarter
- Cash and bullion increased by $21.4m to $168.8m at the end of the quarter (Sept 19: $147.4m), after payment of $32.4m in capitalised mining costs, $10.4m on exploration and feasibility projects, $15.2m in income tax payments and $17.0m on a number of significant capital projects.
- Cash cost before royalties for the quarter were $866/oz (Sept 19: $914/oz). This reduction in quarterly cash costs was favourably impacted by the higher gold production as well as ongoing capitalised development of satellite pits during the December quarter.
- AISC for the quarter reduced from $1,234/oz in the September quarter to $1,219/oz in the December quarter with this reduction principally driven by the higher gold production this quarter.
- Full Year Production Guidance remains unchanged with a production range of 340,000-370,000 oz.
- After excluding the royalty cost impact associated with the higher prevailing gold price (currently ~$18/oz), the full year AISC is now forecast to be at the upper end of the $1,125-$1,195/oz* guidance range, primarily driven by accelerated material movement and higher drill and blast costs which are currently the focus of a cost improvement project.
- Rosemont underground development continued to progress with key ventilation and escape way infrastructure underway. Still targeting first stoping trials in the current March quarter.
- Potential for significant mine life extension for Rosemont underground resources with high grade gold (0.3m @ 43.9g/t) intersected 750m below surface, 285m below the deepest existing planned development.
- With the completion of the McPhillamys Development Application and the Environmental Impact Statement public exhibition period, the process of responding to submissions received has commenced. This will be submitted to the NSW Department of Planning, Industry and Environment in due course.
- Continued encouraging results for the potential Garden Well underground including 2.7m @ 6.5 g/t and 8m @ 4.7 g/t gold. The underground project progressed well with the Scoping Study nearing completion. The Preliminary Feasibility Study (PFS) is expected to start in the current March quarter.
- Significant drill intercepts at the Baneygo project continues to support the potential for underground resources. Results include 6m @ 6.7 g/t and 2m @ 9.9 g/t gold. In addition, shallow intercepts provide encouragement for additional open pit oxide Resources including 4m @ 14.3 g/t from 20m down hole and 4m @ 2 g/t from 20m down hole.
- Promising results received from shallow drilling at the Ranch open pit prospect located 4km south of Baneygo show potential for additional oxide Resources with 4m @ 16.2 g/t and 12m @ 1g/t gold.
- Early drill testing of the Gloster underground target continues to deliver high grade drill intercepts. Results included 1m @ 57.7 g/t and 2m @ 5.2 g/t gold.
*assumes a $1,750/oz gold price – see ASX release 23 July 2019.
Comment
Regis Resources Managing Director, Jim Beyer, said: "This was a strong quarter of cash generation by the Regis team, with cash and bullion increasing by $21.4 million, underpinned by increased quarterly gold production and a higher gold price.
With this solid operational performance our production guidance for the year remains unchanged with a range of 340,000- 370,000 oz. Our full year AISC is expected to sit at the upper end of guidance range, after excluding the extra royalty cost impact associated with the higher prevailing gold price.
Pleasingly, our long-life future production source, the McPhillamys Gold Project saw its Development Application move through another stage, with the completion of the public exhibition of the Environmental Impact Statement and subsequent receipt of submissions from regulators, interest groups and the public. We are now well underway with the preparation of our formal response to the submissions received, with these to be submitted to the NSW Department of Planning, Industry and Environment in due course.
In Western Australia our current mining and development projects are being enhanced by continued exploration success. The Rosemont underground is tracking well with first stopping trials to start late in the March quarter. An exciting story developing is the successful intersection of high grade mineralisation at Rosemont over 285m below the base of the underground mine design. This success is reinforcing our confidence that the underground has the potential to continue at depth.
While the Garden Well underground project is progressing towards a PFS, exciting exploration results support the concept of additional underground potential at a number of existing open pit deposits, including Baneygo and Gloster.
Finally, our exploration results along known mineralised trends are showing the potential for additional open pit Resources and broader greenfield exploration continues across high priority target areas with encouraging results".
DUKETON GOLD OPERATIONS
The Duketon Gold Project, located in Western Australia, returned an improved performance in the December 2019 quarter with production of 90,849 ounces of gold (Sept 19: 87,633 ounces).
The cash cost before royalties for the quarter was $866 per ounce (Sept 19: $914 per ounce). This reduction in quarterly cash costs was favourably impacted by the higher gold production as well as ongoing capitalised development of satellite pits during the December quarter.
For the quarter the AISC was $1,219 per ounce (Sept 19: $1,234 per ounce). The decrease in AISC relative to the prior quarter has largely been driven by increased production following increased head grade primarily at Garden Well and slightly improved recoveries.
Three factors have kept the AISC high relative to full year guidance. The first being the average gold price during the first half is considerably higher than the A$1,750/oz assumption used for the guidance calculation. While the higher price delivers significant financial benefits, it also accounts for approximately an additional $18 per ounce in AISC. In addition, overall mining volumes have been accelerated which has also lifted AISC higher than originally planned. This equated to approximately an additional $23 per ounce in the first half of the year. This is a timing issue and therefore it is expected that the impact will almost completely wash out over the full year. Finally, drill and blast costs have been considerably higher than anticipated and to date this has been the equivalent of approximately $30 per ounce. This cost is being driven higher by unexpectedly harder rock being encountered. Project work is underway to reduce the impacts in this area.
In light of the factors outlined above, the Company anticipates its full year AISC to be at the upper end of the current guidance range of $1,125-$1,195/oz. It is important to note that this is on the basis of excluding the impacts on AISC of the higher actual gold price relative to the original assumed gold price for FY20 of A$1,750 per/oz (see ASX release 23 July 2019). This is currently contributing an additional ~$18/oz.
The production guidance remains unchanged at 340,000-370,000 oz.
Operating results are summarised in Table 1 below.
| FY 20 December Quarter | FY20Q1 | |||
|---|---|---|---|---|
| DNO | DSO | TOTAL | Total | |
| Ore mined (Mbcm) | 0.37 | 0.62 | 0.99 | 1.07 |
| Waste mined (Mbcm) | 1.42 | 4.95 | 6.36 | 7.01 |
| Stripping ratio (w:o) | 3.8 | 8.0 | 6.4 | 6.6 |
| Ore mined (Mtonnes) | 0.81 | 1.56 | 2.38 | 2.56 |
| Ore milled (Mtonnes) | 0.76 | 1.55 | 2.31 | 2.31 |
| Head grade (g/t) | 1.11 | 1.38 | 1.30 | 1.26 |
| Recovery (%) | 91.9% | 95.2% | 94.3% | 93.6% |
| Gold production (ounces) | 24,877 | 65,971 | 90,849 | 87,633 |
| Cash cost ($/oz) | 1,011 | 812 | 866 | 914 |
| Cash cost inc royalty ($/oz) | 1,113 | 924 | 976 | 1,000 |
| All in Sustaining Cost ($/oz)11 AISC calculated on a per ounce of production basis | 1,219 | 1,219 | 1,219 | 1,234 |
Table 1: Operating results for the December 2019 quarter
Duketon Northern Operations (DNO)
Production from DNO increased from 22,743 ounces in the September 2019 quarter to 24,877 ounces during the December quarter, an increase of approximately 9%. Mining costs at DNO increased during the quarter as operations focussed on harder Gloster ore rather than the softer material at Dogbolter-Coopers which was the focus in the previous quarter. AISC costs decreased from $1,236 per ounce in the September 2019 quarter to $1,219 per ounce in the December 2019 quarter.
Duketon Southern Operations (DSO)
Production from DSO increased from 64,890 ounces in the September 2019 quarter to 65,971 ounces in the December 2019 quarter with steady costs which drove a decrease in AISC from $1,233 per ounce in the September 2019 quarter to $1,219 per ounce in the December 2019 quarter.
CORPORATE
Cash Position and Gold Sales
The Duketon Gold Project generated operating cash flow of $100 million in the December 2019 quarter up from the $82.5 million recorded in the previous quarter. During the quarter, Regis sold 111,106 ounces of gold at an average price of $2,104 per ounce compared to 71,702 ounces at $2,000 per ounce in the September 2019 quarter. Physical gold sales were higher than the previous quarter due to the timing of gold deliveries which resulted in a significant decrease in gold on hand at the end of the December quarter. There was a total of 4,431 ounces of gold on hand at the end of the quarter which was subsequently sold in January 2020. The gold on hand at the end of September 2019 was 23,815 ounces.
At the end of the quarter Regis had $168.8 million in cash and bullion, an increase of $21.4 million from the $147.4 million held at 30 September 2019. This was after expenditure on the following significant items:
- $32.4 million on capitalised mining costs;
- $10.4 million on exploration and feasibility projects;
- $15.2 million on income tax payments; and
- $17 million on other capital expenditure including $4.7 million to complete the Duketon runway and aerodrome upgrade, $3.8 million on TSF development, $1.7 million assets for the Rosemont underground, $1.3 million on lifters and liners across the Duketon operation, $1.0 million on haul roads and $0.6 million on deep production bores.

Graph 1 illustrates the movement in Regis' cash and gold on hand over the quarter.
Graph 1: Waterfall graph illustrating key changes in cash and gold on hand in the December quarter
Hedging
The Company delivered gold into a combination of spot deferred contracts and at the prevailing spot price during the December 2019 quarter. The total hedging position at the end of the December quarter was 428,510 ounces, down from 438,510 ounces at the end of the September quarter with an increase in the average delivery price from $1,615 per ounce at the end of September to $1,617 per ounce at the end of the December quarter. These hedges are all spot deferred.
As previously noted, Regis' current strategy is to deliver into the lowest priced contracts at the rate of approximately 10,000kozs per quarter.
Board and Senior Management changes
Regis announced the following Board and Senior Management changes during the quarter:
- Mr Ross Kestel retired from the Board of the Company on 26 November 2019;
- Mrs Lynda Burnett was appointed as a Non-Executive Director of the Company on 27 November 2019; and
- Mr Stuart Gula was appointed as Chief Operating Officer of the Company on 19 December 2019.
ROSEMONT UNDERGROUND PROJECT
Rosemont underground mine development continues with over 1,400 lineal metres of development for the quarter, approximately 340m of which was in the north and south declines. Good progress was made in starting development of the south extension access ramp with over 140m of development achieved.
Development ore mined for this quarter was again significantly above expectation at over 30kt. Primary ventilation infrastructure got underway with the mobilisation of raise bore equipment and the commencement of pilot hole drilling for the first leg of the Rosemont South escapeway rise. Expectations are that this first rise, as well as the first leg of the primary return air way (4.0m diameter), will be completed early in the current March quarter.

Figure 1: Underground mining progress showing decline advance (in red) for December quarter 2019.
Ongoing underground stope definition diamond drilling was completed with drilling concentrated on the upper sections of both the South and Central Zones. First trial stoping ore is planned for the March 2020 quarter.
McPHILLAMYS GOLD PROJECT
The 100% Regis owned McPhillamys Gold Project, located in New South Wales, is one of Australia's largest undeveloped open pittable gold resources. The Project is located near Blayney, 250 kilometres west of Sydney, in a well-established mining district. In July 2019 Regis announced an updated Ore Reserve of 60.8 Mt @ 1.04 g/t gold for 2.02 Moz (see ASX release 19 July 2019).

Figure 2: McPhillamys Gold Project current site layout.
Development Application (DA) and Environmental Impact Statement (EIS)
The McPhillamys DA along with the EIS, which was submitted in July 2019, was publicly exhibited for a 42-day period ending on 24 October 2019. The exhibition period provided an opportunity for public authorities, organisations, and the general public to make submissions on the project to the Department of Planning, Industry and Environment (DPIE). Subsequent to the quarter end all regulators required to review the EIS have provided their submissions, with no registered objections to the Project. This completes another key stage in the DA assessment process. Regis is now reviewing all the submissions, which inclusive of interest groups and the public, totalled more than 671. It was encouraging to see solid support for the Project especially in relation to jobs and economic benefits. Regis will produce a Response to Submissions report for submission to the DPIE.
Regis continues to undertake its extensive community consultation through the Community Consultative Committee, direct community information sessions, meetings, distribution of community information sheets and a number of events in the local and wider community to ensure that stakeholders can understand the Project details, approvals process and outcomes relating to the Project's benefits and impacts.
Development Outlook
The Definitive Feasibility Study (DFS) is progressing. Completion of this report will be controlled by the need to incorporate any additional requirements for Project development emanating from the DA process. The DFS will update and further refine the operating parameters, estimated capital and operating costs and a development timetable (subject to completion of permitting).
Regis continues to progress the water supply agreement and refine the pipeline route access to recycled water from the Mt Piper Power Station and Centennial Mine near Lithgow. In addition, an application to connect the Project power supply has been made with Transgrid. Regis is working with the community and Transgrid to identify the optimum route and placement of infrastructure.
Duketon Exploration
Regis has continued to build its strong exploration focus in the Duketon Greenstone Belt (DGB), with a tenement package across 90% of prospective terrain. The current tenement holding consists of 226 exploration, prospecting and mining leases over a contiguous area of 3,265km2 (Figure 3). This includes the recent land acquisition of 2,047km2 from Duketon Mining Ltd in the September 2019 quarter.
Much of the ground acquired from Duketon Mining Ltd is largely unexplored for gold. Regis is now applying its historically successful Greenfields exploration strategies that have previously led to significant gold discoveries in the district.
A total of 41,217 drill metres was completed during the December 2019 quarter with a focus on deep drilling for depth extensions to existing gold Resources at Garden Well, Baneygo, Rosemont, Gloster, and Moolart Well, and regional exploration drilling at The Ranch, Little Well, Murphy Hills, Butchers Well, Hacks Bore, Borodale Creek, and other gold prospects shown in Figure 3.

Figure 3. Regis Resources Tenement holding across the Duketon Greenstone Belt. Prospects in red drilled during the December 2019 Quarter.
Rosemont Deep Exploration. Drilling to test controls on Gold Mineralisation in the Quartz Dolerite 1km below surface.
The deep drilling program continued testing the potential for gold mineralised quartz dolerite at depth 1km below surface.
Two deep diamond holes were drilled during the December 2019 quarter to target the quartz dolerite 750m below surface. The targeted quartz dolerite was intersected at 650m and 750m below surface. Both holes showed alteration within the quartz dolerite and one had quartz veins with visible gold located 650m down plunge of planned underground development at the southern ore shoot. This hole (RRLRMDD041W2) intersected 15m (9m true width) of the quartz dolerite with alteration associated with gold mineralisation, and a narrow quartz vein within this zone assayed 43.9g/t gold.

Figure 4. High grade assay received from RRLRMDD041W2 located 650m downplunge of south cape high grade shoot.
These results confirm the mineralised quartz dolerite continues over 285m below the deepest currently planned underground development. As such further work will be undertaken down plunge of each high grade shoot with the aim to increase underground Resources and Reserves. Figure 4 shows the approximate target areas.
Gloster. Testing for underground Resources.
The Gloster gold deposit is hosted in a package of intermediate volcanics and intrusives. Gold mineralisation is interpreted to be associated with multiple stacked lodes consisting of low angle quartz veins, dipping moderately to the north east.
During the December 2019 quarter 3 diamond holes were drilled for 1,420m as part of a larger 9,000 metre drilling program. The program is designed to test the extent of the gold mineralised system at depth in fresh rock and the potential for an underground Resource, 200m beneath the pit over a strike distance of 700m. The initial drill holes intersected several metres of quartz-carbonate-sulphide veins with visible gold and assay results are expected to be reported in the next quarter.
Significant results for RC drilling beneath the open pit received during the December 2019 quarter confirm the mineralised system extends in fresh rock over a strike distance of 700m. Assays are listed below and shown in Figure 5:
| • | 1 metre @ 11 g/t gold from 101m | RRLGLRC448 |
|---|---|---|
| • | 1 metre @ 57.7 g/t gold from 151m | RRLGLRC448 |
| • | 1 metre @ 5.7 g/t gold from 37m | RRLGLRC449 |
| • | 1 metre @ 6.2 g/t gold from 137m | RRLGLRC449 |
- 4 metres @ 2.9 g/t gold from 199m RRLGLRC451
- 2 metres @ 2.8 g/t gold from 236m RRLGLRC453
- 1 metre @ 11.2 g/t gold from 138m RRLGLRC455
- 2 metres @ 5.2 g/t gold from 164m RRLGLRC456
Drill hole and sample details for all holes are included in Appendix 1 to this report. Gloster intercepts calculated using a 2.0 g/t gold lower cut, no upper cut, maximum 2m internal dilution.

Figure 5. Gloster long section looking south west shows significant intercepts beneath the pit design.
Garden Well Underground Potential. Deep diamond drilling confirms gold mineralisation continues for 700m down plunge beneath the open pit.
Diamond drilling continued at the southern end of the Garden well open pit mine to test the down plunge continuity of high grade gold mineralisation at depth, on a spacing of 80m x 40m. The high grade shoot extends over 700m down plunge and measures 4-10m true width across strike and 80-100m in height. Infill drilling was also carried out within the high grade shoot on a 40m x 20m spacing (Figure 6).
A total of 13 diamond holes (RRLGDDD145W1, RRLGDDD147-157) including 3 wedged holes were completed during the quarter for 5,352m. Assay results have been received for RRLGDDD145W1, 147 – 154. Drilling will continue into the March 2020 quarter to infill drill spacing to 40m x 20m within the mineralised zone for the purpose of increasing confidence and estimating a maiden underground Resource and Reserve.
Significant results from diamond drilling for the December 2019 quarter include:
-
3 metres @ 2.8 g/t gold from 330m RRLGDDD146
-
6.1 metres @ 2.9 g/t gold from 631.1m RRLGDDD147W1
-
27 metres @ 3 g/t gold from 430.9m RRLGDDD148 (3m internal dilution) Including:
- o 2.1 metres @ 4.1 g/t gold from 430.9m
- o 2 metres @ 5.1 g/t gold from 435m
-
o 8 metres @ 4.7 g/t gold from 440m
-
o 7 metres @ 2.6 g/t gold from 451m
-
4 metres @ 2.8 g/t gold from 411m RRLGDDD149
-
2.7 metres @ 6.5 g/t gold from 455m RRLGDDD149
Drill hole and sample details for all holes are included in Appendix 1 to this report. All intercepts calculated using a 2.0 g/t gold lower cut, no upper cut, maximum 2m consecutive internal dilution. All diamond drill assays determined on half core (NQ2) samples by fire assay.

Figure 6. Garden Well long section looking west with high grade intercepts and the potential area for underground development.
Baneygo Area Project
The Baneygo Area Project (Baneygo) is located 15 km south and along strike of the Rosemont Gold Mine and the current Mineral Resource is 11.4 Mt @ 0.99 g/t gold for 363 koz, including Ore Reserves of 3.4 Mt @ 1.3 g/t gold for 142 koz (see ASX release 19 July 2019). Gold mineralisation at Baneygo extends over 5 strike kms and is hosted in quartz dolerite which has intruded a sequence of maficultramafic-sedimentary units. The Baneygo deposits are similar in style to the Rosemont Gold deposit, with gold mineralisation confined to the quartz dolerite.
Drilling during the quarter targeted down plunge and strike extensions to gold mineralisation beneath oxide Resources. A total of 21 RC holes were drilled for 6,295m targeting depth extensions to gold mineralisation beneath the Central Pit (Figure 7). Results to date show encouraging results with gold grades and thickness of intercepts increasing with depth.
Significant results from RC drilling during the December 2019 quarter include:
| • | 6 metres @ 6.7 g/t gold from 283m | RRLBYRC681 |
|---|---|---|
| • | 1 metre @ 18.6 g/t gold from 251m | RRLBYRC682 |
| • | 3 metres @ 5.7 g/t gold from 245m | RRLBYRC684 |
| • | 1 metre @ 9.4 g/t gold from 133m | RRLBYRC685 |
| • | 4 metres @ 2 g/t gold from 20m | RRLBYRC687 |
| • | 2 metres @ 6.9 g/t gold from 290m | RRLBYRC687 |
- 1 metre @ 9.8 g/t gold from 298m RRLBYRC687
- 2 metres @ 9.9 g/t gold from 322m RRLBYRC687
- 4 metres @ 14.3 g/t gold from 20m RRLBYRC688
- 1 metre @ 13 g/t gold from 269m RRLBYRC688
Drill hole and sample details for all holes are included in Appendix 1 to this report. Baneygo intercepts calculated using a 2.0 g/t gold lower cut, no upper cut, maximum 2m internal dilution.

Figure 7. Long section looking west. Baneygo central pit with significant intercepts 200m below the base of the open pit.
Greenfields Exploration
During the December 2019 quarter, grassroots exploration continued with 2,670 surface soil and lag samples collected across the recently acquired tenure to build a comprehensive surface geochemical database (Figure 3) that can be merged with Regis existing dataset.
284 AC or RC holes were drilled for 24,863m across high priority regional targets searching for new gold deposits. Drilling was undertaken on the poorly explored western margin of the DGB testing the western shear trend at the Murphy Hills and Borodale Creek prospects, north and south along strike of Rosemont targeting the quartz dolerite at Little Well, The Ranch, Hacks Bore and Butcher Well along the eastern limb of the DGB host to Moolart and Garden Well gold mines (see Figure 3).
While still very early days in the program, encouraging assay results have already been received from The Ranch (Figure 8), located 20 km south along strike of the Rosemont Gold Mine. Drilling to date has identified two parallel quartz dolerite units trending N-S. The majority of drilling has tested the eastern unit with the western unit remaining largely untested. Shallow gold mineralisation has been identified within the eastern quartz dolerite and the eastern volcaniclastics. Regis considers this area an exciting opportunity for additional shallow gold oxide Resources.
Significant results from RC drilling at the Ranch Prospect during the December 2019 quarter include:
| • | 4 metres @ 16.2 g/t gold from 36m | RRLRARC003 |
|---|---|---|
| • | 12 metres @ 1 g/t gold from 24m | RRLRARC020 |
| • | 4 metres @ 2.7 g/t gold from 40m | RRLRARC041 |
- 8 metres @ 1.3 g/t gold from 44m RRLRARC043
- 8 metres @ 3.1 g/t gold from 96m RRLRARC048
Drill hole and sample details for all holes are included in Appendix 1 to this report. Ranch intercepts calculated using a 0.5 g/t gold lower cut, no upper cut, maximum 2m internal dilution All assays determined on a 4m composited or 1m spear samples by fire assay.
Regis will continue its belt scale exploration strategy across high priority brownfields and greenfields areas considered to have the best potential to add to the mining inventory.

Figure 8 Location of the Ranch prospect relative to Baneygo Pits and anomalous gold intercepts received during the December 2019 quarter.
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 Geoscientists. 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 (other than Rosemont Underground Resource and Ore Reserve) is extracted from the ASX announcement released on 19 July 2019 entitled "Mineral Resource and Ore Reserve Statement as at 31 March 2019". Competent Person's consent was obtained for the announcement.
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.
CORPORATE DIRECTORY
**Regis Resources Ltd (**ACN 009 174 761)
Registered Office
Second Floor, 516 Hay Street Subiaco, WA Australia 6008 Tel +618 9442 2200
| Website | www.regisresources.com |
|---|---|
| [email protected] |
Directors
Mr Jim Beyer (Managing Director) Mr James Mactier (Non-Executive Chairman) Mrs Fiona Morgan (Non-Executive Director) Mr Steve Scudamore (Non-Executive Director) Mrs Lynda Burnett (Non-Executive Director)
Company Secretary
Mr Jon Latto
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 30 September 2019)
| Security | Code | No. Quoted |
|---|---|---|
| Ordinary Shares | RRL | 508,180,460 |

APPENDIX 1 – Drill hole and sampling details and drill hole assay results
| Borodale Creek Collar Location | Intersection >1.0 ppm Au and >1g/t Au*m | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Hole ID | Y | X | Z | Dip | Azimuth | Total Depth | From | To | Interval | Au |
| RRLBOCAC134 | 6897325 | 428615 | 500 | -60 | 271 | (m)69 | (m) | (m)No significant Intercept | (m) | ppm |
| RRLBOCAC135 | 6947352 | 428930 | 500 | -60 | 270 | 22 | No significant Intercept | |||
| RRLBOCAC136 | 6897980 | 427650 | 500 | -60 | 269 | 95 | No significant Intercept | |||
| RRLBOCAC137 | 6897980 | 427341 | 500 | -60 | 268 | 21 | No significant Intercept | |||
| RRLBOCAC138 | 6898620 | 427660 | 500 | -60 | 271 | 29 | No significant Intercept | |||
| RRLBOCAC139 | 6898620 | 427820 | 500 | -60 | 269 | 7 | No significant Intercept | |||
| RRLBOCAC140 | 6898620 | 427980 | 500 | -60 | 270 | 52 | No significant Intercept | |||
| RRLBOCAC141 | 6898620 | 428140 | 500 | -60 | 271 | 83 | No significant Intercept | |||
| RRLBOCAC142 | 6898620 | 428465 | 500 | -60 | 270 | 57 | No significant Intercept | |||
| RRLBOCAC143 | 6898620 | 428780 | 500 | -60 | 270 | 70 | No significant Intercept | |||
| RRLBOCAC144RRLBOCAC145 | 69010006901000 | 426400426560 | 500500 | -60-60 | 270269 | 534 | No significant InterceptNo significant Intercept | |||
| RRLBOCAC146 | 6901000 | 426881 | 500 | -60 | 271 | 101 | No significant Intercept | |||
| RRLBOCAC147 | 6901985 | 427200 | 500 | -60 | 270 | 72 | No significant Intercept | |||
| RRLBOCAC148 | 6900540 | 426540 | 500 | -60 | 270 | 13 | No significant Intercept | |||
| RRLBOCAC149 | 6900540 | 426701 | 500 | -60 | 272 | 13 | No significant Intercept | |||
| RRLBOCAC150 | 6900598 | 426848 | 500 | -60 | 270 | 10 | No significant Intercept | |||
| RRLBOCAC151 | 6900540 | 427020 | 500 | -60 | 270 | 37 | No significant Intercept | |||
| RRLBOCAC152 | 6900540 | 427180 | 500 | -60 | 272 | 43 | No significant Intercept | |||
| RRLBOCAC153 | 6900540 | 427340 | 500 | -60 | 269 | 10 | No significant Intercept | |||
| RRLBOCAC154 | 6899900 | 426380 | 500 | -60 | 270 | 65 | No significant Intercept | |||
| RRLBOCAC155RRLBOCAC156 | 68999006899900 | 426541426701 | 500500 | -60-60 | 270270 | 65107 | No significant InterceptNo significant Intercept | |||
| RRLBOCAC157 | 6899900 | 426860 | 500 | -60 | 270 | 74 | No significant Intercept | |||
| RRLBOCAC158 | 6899900 | 427020 | 500 | -60 | 272 | 9 | No significant Intercept | |||
| RRLBOCAC159 | 6899900 | 427180 | 500 | -60 | 270 | 8 | No significant Intercept | |||
| RRLBOCAC160 | 6899900 | 427340 | 500 | -60 | 270 | 50 | No significant Intercept | |||
| RRLBOCAC161 | 6902280 | 426881 | 500 | -60 | 270 | 66 | No significant Intercept | |||
| RRLBOCAC162 | 6902280 | 427200 | 500 | -60 | 270 | 102 | No significant Intercept | |||
| RRLBOCAC163 | 6901640 | 425595 | 500 | -60 | 270 | 56 | No significant Intercept | |||
| RRLBOCAC164 | 6901630 | 425915 | 500 | -60 | 269 | 106 | No significant Intercept | |||
| RRLBOCAC165 | 69016276901640 | 426235426556 | 500500 | -60 | 269 | 27 | No significant Intercept | |||
| -60 | 270 | 117 | No significant Intercept | |||||||
| RRLBOCAC166 | ||||||||||
| Butchers Well Collar Location | Intersection >1.0 ppm Au and >1g/t Au*m | |||||||||
| Hole ID | Y | X | Z | Dip | Azimuth | Total Depth | From | To | Interval | Au |
| RRLBWAC166 | 6931680 | 435426 | 500 | -60 | 270 | (m)79 | (m) | (m)No significant Intercept | (m) | ppm |
| RRLBWAC167 | 6931680 | 435745 | 500 | -60 | 270 | 35 | No significant Intercept | |||
| RRLBWAC168 | 6931680 | 436065 | 500 | -60 | 270 | 55 | No significant Intercept | |||
| RRLBWAC169 | 6931680 | 436386 | 500 | -60 | 270 | 54 | No significant Intercept | |||
| RRLBWAC170 | 6931680 | 437025 | 500 | -60 | 270 | 35 | No significant Intercept | |||
| RRLBWAC171 | 6931680 | 437416 | 500 | -60 | 270 | 45 | No significant Intercept | |||
| RRLBWAC172 | 6931680 | 437665 | 500 | -60 | 270 | 107 | No significant Intercept | |||
| RRLBWAC173 | 6931680 | 437985 | 500 | -60 | 270 | 116 | No significant Intercept | |||
| RRLBWAC174 | 6931680 | 438306 | 500 | -60 | 270 | 108 | No significant Intercept | |||
| RRLBWAC175RRLBWAC176 | 69316806931680 | 438625438945 | 500500 | -60-60 | 270270 | 12084 | No significant InterceptNo significant Intercept | |||
| RRLBWAC177 | 6931040 | 437834 | 500 | -60 | 270 | 82 | No significant Intercept | |||
| RRLBWAC178 | 6931040 | 438046 | 500 | -60 | 270 | 126 | No significant Intercept | |||
| RRLBWAC179 | 6931040 | 438366 | 500 | -60 | 270 | 89 | No significant Intercept | |||
| RRLBWAC180 | 6931040 | 438686 | 500 | -60 | 270 | 135 | No significant Intercept | |||
| RRLBWAC181 | 6931040 | 439006 | 500 | -60 | 270 | 110 | No significant Intercept | |||
| RRLBWAC182 | 6931040 | 435806 | 500 | -60 | 270 | 68 | No significant Intercept | |||
| RRLBWAC183 | 6931040 | 436127 | 500 | -60 | 270 | 66 | No significant Intercept | |||
| RRLBWAC184RRLBWAC185 | 69310406930400 | 436446435569 | 500500 | -60-60 | 269271 | 63122 | No significant InterceptNo significant Intercept | |||
| RRLBWAC186 | 6930400 | 435888 | 500 | -60 | 270 | 87 | No significant Intercept | |||
| RRLBWAC187 | 6930400 | 436208 | 500 | -60 | 270 | 39 | No significant Intercept | |||
| RRLBWAC188 | 6930400 | 436528 | 500 | -60 | 271 | 64 | No significant Intercept | |||
| RRLBWAC189 | 6930400 | 436847 | 500 | -60 | 269 | 82 | No significant Intercept | |||
| RRLBWAC190 | 6930400 | 437320 | 500 | -60 | 269 | 55 | No significant Intercept | |||
| RRLBWAC191 | 6930400 | 437488 | 500 | -60 | 270 | 57 | No significant Intercept | |||
| RRLBWAC192 | 6930400 | 437809 | 500 | -60 | 270 | 77 | No significant Intercept | |||
| RRLBWAC193 | 6930400 | 438128 | 500 | -60 | 271 | 113 | No significant Intercept | |||
| RRLBWAC194 | 6930400 | 438448 | 500 | -60 | 271 | 125 | No significant Intercept | |||
| RRLBWAC195RRLBWAC196 | 69303956929100 | 438769436405 | 500500 | -60-60 | 270270 | 10163 | No significant InterceptNo significant Intercept | |||
| RRLBWAC197 | 69291006927820 | 436564436996 | 500500 | -60-60 | 271271 | 79 | No significant InterceptNo significant Intercept |

| Hole ID | Y | X | Z | Dip | Azimuth | Total Depth(m) | From(m) | To(m) | Interval(m) | Auppm |
|---|---|---|---|---|---|---|---|---|---|---|
| RRLBWAC199 | 6927820 | 437316 | 500 | -60 | 270 | 30 | No significant Intercept | |||
| RRLBWAC200 | 6927820 | 437654 | 500 | -60 | 270 | 104 | No significant Intercept | |||
| RRLBWAC201 | 6927820 | 437973 | 500 | -60 | 270 | 50 | No significant Intercept | |||
| RRLBWAC202 | 6927820 | 438133 | 500 | -60 | 270 | 111 | No significant Intercept | |||
| RRLBWAC203 | 6927820 | 438453 | 500 | -60 | 270 | 114 | No significant Intercept | |||
| RRLBWAC204 | 6927820 | 438774 | 500 | -60 | 270 | 113 | No significant Intercept | |||
| RRLBWAC205 | 6927090 | 437675 | 500 | -60 | 268 | 38 | No significant Intercept | |||
| RRLBWAC206 | 6927090 | 437995Baneygo Collar Location | 500 | -60 | 270 | 143 | Intersection >1.0 ppm Au and >1g/t Au*m | No significant Intercept | ||
| Total Depth | From | To | Interval | Au | ||||||
| Hole ID | Y | X | Z | Dip | Azimuth | (m) | (m) | (m) | (m) | ppm |
| RRLBYRC676 | 6907006 | 432395 | 500 | -60 | 254 | 264 | 172 | 173 | 1 | 2.02 |
| RRLBYRC676 | 177 | 183 | 6 | 2.24 | ||||||
| RRLBYRC676 | 218 | 219 | 1 | 2.49 | ||||||
| RRLBYRC676 | 222 | 223 | 1 | 1.25 | ||||||
| RRLBYRC676 | 232 | 233 | 1 | 1.11 | ||||||
| RRLBYRC677 | 6907013 | 432422 | 501 | -60 | 251 | 306 | 241 | 242 | 1 | 2.79 |
| RRLBYRC677 | 252 | 261 | 9 | 1.02 | ||||||
| RRLBYRC677 | 288 | 289 | 1 | 3.78 | ||||||
| RRLBYRC678 | 6906132 | 432681 | 502 | -60 | 251 | 291 | 206 | 207 | 1 | 2.35 |
| RRLBYRC678RRLBYRC678 | 237252 | 238253 | 11 | 2.561.12 | ||||||
| RRLBYRC679 | 6906166 | 432671 | 501 | -60 | 252 | 282 | No significant Intercept | |||
| RRLBYRC680 | 6906206 | 432659 | 501 | -64 | 252 | 288 | 222 | 223 | 1 | 1.12 |
| RRLBYRC680 | 252 | 254 | 2 | 2.76 | ||||||
| RRLBYRC681 | 6906332 | 432619 | 502 | -62 | 254 | 342 | 283 | 289 | 6 | 6.67 |
| RRLBYRC681 | 305 | 306 | 1 | 2.11 | ||||||
| RRLBYRC682 | 6906408 | 432600 | 502 | -59 | 254 | 300 | 222 | 223 | 1 | 2.93 |
| RRLBYRC682 | 226 | 229 | 3 | 1.71 | ||||||
| RRLBYRC682 | 251 | 252 | 1 | 18.6 | ||||||
| RRLBYRC682 | 257 | 258 | 1 | 1.44 | ||||||
| RRLBYRC683 | 6906467 | 432539 | 503 | -55 | 254 | 198 | 147 | 148 | 1 | 1.44 |
| RRLBYRC683 | 157 | 161 | 4 | 1.18 | ||||||
| RRLBYRC683 | 165 | 171 | 6 | 1.52 | ||||||
| RRLBYRC684 | 6906370 | 432615 | 502 | -60 | 252 | 312 | 214 | 216 | 2 | 4.39 |
| RRLBYRC684RRLBYRC684 | 245253 | 248255 | 32 | 5.741.28 | ||||||
| RRLBYRC684 | 266 | 268 | 2 | 4.37 | ||||||
| RRLBYRC684 | 277 | 278 | 1 | 1.97 | ||||||
| RRLBYRC685 | 6906544 | 432509 | 499 | -60 | 242 | 174 | 91 | 92 | 1 | 3.53 |
| RRLBYRC685 | 122 | 124 | 2 | 2.09 | ||||||
| RRLBYRC685 | 133 | 134 | 1 | 9.36 | ||||||
| RRLBYRC685 | 140 | 141 | 1 | 2.85 | ||||||
| RRLBYRC686 | 6906580 | 432581 | 501 | -60 | 252 | 342 | 210 | 211 | 1 | 3.57 |
| RRLBYRC686 | 240 | 244 | 4 | 1.37 | ||||||
| RRLBYRC686RRLBYRC686 | 249303 | 250304 | 11 | 1.524.47 | ||||||
| RRLBYRC687 | 6906588 | 432605 | 502 | -60 | 253 | 414 | 20 | 24 | 4 | 2.04 |
| RRLBYRC687 | 64 | 68 | 4 | 1.07 | ||||||
| RRLBYRC687 | 275 | 278 | 3 | 1.43 | ||||||
| RRLBYRC687 | 281 | 282 | 1 | 1.51 | ||||||
| RRLBYRC687 | 288 | 295 | 7 | 2.58 | ||||||
| RRLBYRC687RRLBYRC687 | 298322 | 299328 | 16 | 9.763.99 | ||||||
| RRLBYRC687 | 335 | 336 | 1 | 1.06 | ||||||
| RRLBYRC688 | 6906626 | 432594 | 503 | -62 | 254 | 426 | 20 | 24 | 4 | 14.3 |
| RRLBYRC688 | 64 | 72 | 8 | 1.94 | ||||||
| RRLBYRC688 | 269 | 270 | 1 | 13 | ||||||
| RRLBYRC688 | 276 | 277 | 1 | 1.38 | ||||||
| RRLBYRC688 | 292 | 293 | 1 | 1.63 | ||||||
| RRLBYRC688 | 299 | 301 | 2 | 3.01 | ||||||
| RRLBYRC688RRLBYRC688 | 309369 | 310370 | 11 | 3.881.09 | ||||||
| RRLBYRC688 | 401 | 402 | 1 | 1.42 | ||||||
| RRLBYRC689 | 6906652.528 | 432536.019 | 502.069 | -60 | 254 | 366 | Awaiting Results | |||
| RRLBYRC690 | 6906659.072 | 432558.443 | 503.488 | -60 | 253.5 | 294 | Awaiting Results | |||
| RRLBYRC691 | 6906724.748 | 432478.979 | 501.887 | -68 | 261 | 432 | Awaiting Results | |||
| RRLBYRC692 | 6906764.432 | 432453.988 | 502.3 | -71 | 260 | 266 | Awaiting Results | |||
| RRLBYRC693 | 6906662.557 | 432570.141 | 504.284 | 60 | 254 | 210 | Awaiting Results | |||
| RRLBYRC694 | 6906690.726 | 432534.131 | 502.709 | -61 | 254 | 324 | Awaiting Results | |||
| RRLBYRC695 | 6906698.23 | 432559.29 | 505.153 | -60 | 254 | 120 | Awaiting Results | |||
| RRLBYRC696 | 6906703.452 | 432556.642 | 505.001 | -62 | 254 | 344 | Awaiting Results | |||
| Claypan Collar Location | Intersection >1.0 ppm Au and >1g/t Au*m |

| RRLCLAC0016948260432300500-6026941No significant InterceptRRLCLAC0026948260432460500-6027139No significant InterceptRRLCLAC0036948260432621500-6027165No significant InterceptRRLCLAC0046948260432780500-6027048No significant InterceptRRLCLAC0056948260432940500-6027170No significant InterceptRRLCLAC0066948260433101500-6027171No significant InterceptRRLCLAC0076948260433260500-6027432No significant InterceptRRLCLAC0086948260433500500-6027060No significant InterceptRRLCLAC0096946400432600500-6027086No significant InterceptRRLCLAC0106946400432760500-6027075No significant InterceptGarden Well Collar LocationIntersection >1.0 ppm Au and >1g/t Au*mTotal DepthFromToIntervalAuHole IDYXZDipAzimuth(m)(m)(m)(m)ppmRRLGDDD142W16911239437697495-61270693.46291.58292.520.941.48RRLGDDD1436911159437677495-59270666.23297298.111.111.96RRLGDDD14336136211.63RRLGDDD14342642711.28RRLGDDD14347447511.56RRLGDDD143564564.580.581.12RRLGDDD1435765771.31RRLGDDD143583583.90.91.79RRLGDDD14363863912.46RRLGDDD1446911240437617495-60270606.453463501.444RRLGDDD14449249311.15RRLGDDD1445095121.833RRLGDDD1445155161.141RRLGDDD1445205281.238RRLGDDD14455455511.46RRLGDDD1456911159437786496-59270713.2420520721.64RRLGDDD14521621711.03RRLGDDD145221.15221.530.381.63RRLGDDD145636642.16.11.25RRLGDDD145663.81665.61.791.35RRLGDDD1456796821.243RRLGDDD145684.88685.310.431RRLGDDD145W16911159437786496-59270733.59670.12671.261.141.22RRLGDDD1466911398437448494-61270464.333033332.77RRLGDDD14634134761.11RRLGDDD14635035114.66RRLGDDD1463663674.421RRLGDDD1463783791.491RRLGDDD14639039112.78RRLGDDD146410.21410.740.531.62RRLGDDD14643143211.38RRLGDDD1476911316437759495-60270726.3521321412.12RRLGDDD1472262291.443RRLGDDD14736736811.17RRLGDDD14747847912.68RRLGDDD14749849912.64RRLGDDD1475435451.812RRLGDDD147554.82555.851.031.1RRLGDDD1476726731.231RRLGDDD14769269421.53RRLGDDD147W16911316437759495-60270720.56196201.751RRLGDDD147W162462841.26RRLGDDD147W1631.05637.166.112.94RRLGDDD147W16686691.021RRLGDDD147W16706711.171RRLGDDD147W1676676.90.91RRLGDDD1486911397437525494-60270525.4130130211.73RRLGDDD148312.5313.240.741.66RRLGDDD14831631711.08RRLGDDD148329.1330.21.12.98RRLGDDD14834434511.34RRLGDDD148430.85432.92.054.09RRLGDDD148435463.828.82.78RRLGDDD148464.264650.741.66RRLGDDD1496911559437468493-62270484.692812821.461RRLGDDD14930230312.18RRLGDDD14930830911.5RRLGDDD1493683691.911RRLGDDD1494014031.242 | Hole ID | Y | X | Z | Dip | Azimuth | Total Depth(m) | From(m) | To(m) | Interval(m) | Auppm |
|---|---|---|---|---|---|---|---|---|---|---|---|

| Hole ID | Y | X | Z | Dip | Azimuth | Total Depth | From | To | Interval | Au |
|---|---|---|---|---|---|---|---|---|---|---|
| (m) | (m) | (m) | (m) | Ppm | ||||||
| RRLGDDD149 | 408 | 418.11 | 10.11 | 1.74 | ||||||
| RRLGDDD149 | 422 | 423 | 1 | 1.01 | ||||||
| RRLGDDD149 | 426 | 428 | 2 | 2.6 | ||||||
| RRLGDDD149 | 433 | 434 | 1 | 1.22 | ||||||
| RRLGDDD149 | 455 | 457.66 | 2.66 | 6.48 | ||||||
| RRLGDDD150 | 6911236 | 437769 | 495 | -62 | 270 | 723.37 | 206 | 207 | 1 | 1.44 |
| RRLGDDD150 | 277 | 278 | 1 | 2.68 | ||||||
| RRLGDDD150 | 281.1 | 282.3 | 1.2 | 1.77 | ||||||
| RRLGDDD150 | 572 | 573 | 1 | 2.06 | ||||||
| RRLGDDD150W1 | 6911236 | 437769 | 495 | -62 | 270 | 728.48 | 598.5 | 599.37 | 0.87 | 2.9 |
| RRLGDDD150W1 | 622 | 623 | 1 | 3.74 | ||||||
| RRLGDDD150W1 | 626 | 627 | 1 | 1.01 | ||||||
| RRLGDDD150W1 | 642 | 643 | 1 | 1.06 | ||||||
| RRLGDDD150W1 | 658 | 660 | 2 | 1.63 | ||||||
| RRLGDDD150W1 | 678 | 679 | 1 | 1.22 | ||||||
| RRLGDDD150W1 | 687 | 688 | 1 | 1.63 | ||||||
| RRLGDDD154 | 6911599 | 437420 | 493 | -59 | 270 | 435.44 | 237 | 238 | 1 | 1.02 |
| RRLGDDD154 | 241 | 242 | 1 | 1.14 | ||||||
| RRLGDDD154 | 251 | 252 | 1 | 1.32 | ||||||
| RRLGDDD154 | 325 | 328 | 3 | 1.92 | ||||||
| RRLGDDD154 | 349 | 350 | 1 | 1.48 | ||||||
| RRLGDDD154 | 354 | 355 | 1 | 1.06 | ||||||
| RRLGDDD154 | 376.1 | 378 | 1.9 | 2.67 | ||||||
| RRLGDDD154 | 384 | 385 | 1 | 1.15 | ||||||
| RRLGDDD154 | 388.11 | 389.2 | 1.09 | 1.1 | ||||||
| RRLGDDD154 | 402 | 405 | 3 | 1.82 | ||||||
| Gloster Collar Location | Intersection >1.0 ppm Au and >1g/t Au*m | |||||||||
| Hole ID | Y | X | Z | Dip | Azimuth | Total Depth | From | To | Interval | Au |
| (m) | (m) | (m) | (m) | ppm | ||||||
| RRLGLDD009 | 6950906.352 | 408869.568 | 553.626 | -54 | 246 | 507.4 | Awaiting Results | |||
| RRLGLRC448 | 6950911 | 408638 | 465 | -75 | 263 | 270 | 2 | 3 | 1 | 2.48 |
| RRLGLRC448 | 7 | 15 | 8 | 2.14 | ||||||
| RRLGLRC448 | 68 | 69 | 1 | 1.06 | ||||||
| RRLGLRC448 | 96 | 97 | 1 | 1.41 | ||||||
| RRLGLRC448 | 101 | 102 | 1 | 11 | ||||||
| RRLGLRC448 | 120 | 121 | 1 | 1.15 | ||||||
| RRLGLRC448 | 132 | 133 | 1 | 1.3 | ||||||
| RRLGLRC448 | 138 | 139 | 1 | 1.18 | ||||||
| RRLGLRC448 | 151 | 153 | 2 | 29.36 | ||||||
| RRLGLRC448 | 173 | 174 | 1 | 1.73 | ||||||
| RRLGLRC448 | 211 | 212 | 1 | 1.04 | ||||||
| RRLGLRC449 | 6950873 | 408678 | 465 | -60 | 248 | 210 | 37 | 38 | 1 | 5.7 |
| RRLGLRC449RRLGLRC449 | 7074 | 7179 | 15 | 4.561.12 | ||||||
| RRLGLRC449 | 89 | 90 | 1 | 1.3 | ||||||
| RRLGLRC449 | 91 | 92 | 1 | 1.4 | ||||||
| RRLGLRC449 | 116 | 117 | 1 | 4.06 | ||||||
| RRLGLRC449 | 132 | 139 | 7 | 1.65 | ||||||
| RRLGLRC449 | 150 | 151 | 1 | 1.08 | ||||||
| RRLGLRC449 | 161 | 162 | 1 | 1.3 | ||||||
| RRLGLRC450 | 6950855 | 408706 | 465 | -70 | 248 | 240 | 0 | 2 | 2 | 2.24 |
| RRLGLRC450 | 25 | 26 | 1 | 3.42 | ||||||
| RRLGLRC450 | 60 | 61 | 1 | 2.45 | ||||||
| RRLGLRC450 | 87 | 88 | 1 | 1.22 | ||||||
| RRLGLRC450 | 91 | 92 | 1 | 2.51 | ||||||
| RRLGLRC450 | 165 | 166 | 1 | 1.77 | ||||||
| RRLGLRC450 | 179 | 180 | 1 | 1.07 | ||||||
| RRLGLRC450 | 190 | 191 | 1 | 1.77 | ||||||
| RRLGLRC450 | 203 | 204 | 1 | 2.28 | ||||||
| RRLGLRC450 | 214 | 215 | 1 | 1.18 | ||||||
| RRLGLRC451 | 6950676 | 408974 | 550 | -60 | 248 | 366 | 131 | 132 | 1 | 1.14 |
| RRLGLRC451 | 141 | 142 | 1 | 2.02 | ||||||
| RRLGLRC451 | 183 | 187 | 4 | 1.63 | ||||||
| RRLGLRC451 | 199 | 203 | 4 | 2.91 | ||||||
| RRLGLRC451 | 215 | 216 | 1 | 1.22 | ||||||
| RRLGLRC451RRLGLRC451 | 230259 | 231260 | 11 | 3.891.22 | ||||||
| RRLGLRC451 | 346 | 347 | 1 | 1.79 | ||||||
| RRLGLRC452 | 6950610 | 409016 | 550 | -60 | 249 | 294 | 94 | 95 | 1 | 8.32 |
| RRLGLRC452 | 121 | 122 | 1 | 2.26 | ||||||
| RRLGLRC452 | 135 | 136 | 1 | 3.44 | ||||||
| RRLGLRC452 | 144 | 145 | 1 | 4.82 | ||||||
| RRLGLRC452 | 152 | 159 | 7 | 1.92 | ||||||
| RRLGLRC452 | 165 | 169 | 4 | 1.52 | ||||||
| RRLGLRC452 | 207 | 208 | 1 | 1.71 |

| Hole ID | Y | X | Z | Dip | Azimuth | Total Depth | From | To | Interval | Au |
|---|---|---|---|---|---|---|---|---|---|---|
| (m) | (m) | (m) | (m) | Ppm | ||||||
| RRLGLRC453 | 6950572 | 409099 | 550 | -60 | 248 | 240 | 34 | 35 | 1 | 1.18 |
| RRLGLRC453 | 120 | 121 | 1 | 1.73 | ||||||
| RRLGLRC453 | 139 | 140 | 1 | 1.21 | ||||||
| RRLGLRC453 | 163 | 164 | 1 | 1.38 | ||||||
| RRLGLRC453 | 184 | 185 | 1 | 1.98 | ||||||
| RRLGLRC453 | 233 | 238 | 5 | 1.53 | ||||||
| RRLGLRC454 | 6950528 | 409129 | 550 | -60 | 246 | 216 | 191 | 192 | 1 | 1.76 |
| RRLGLRC454 | 200 | 201 | 1 | 3.09 | ||||||
| RRLGLRC454 | 211 | 214 | 3 | 1.97 | ||||||
| RRLGLRC455 | 6950835 | 408716 | 551 | -70 | 245 | 270 | 0 | 1 | 1 | 7.27 |
| RRLGLRC455 | 6 | 7 | 1 | 1.42 | ||||||
| RRLGLRC455 | 19 | 20 | 1 | 6.38 | ||||||
| RRLGLRC455 | 33 | 34 | 1 | 1.14 | ||||||
| RRLGLRC455 | 86 | 87 | 1 | 5.31 | ||||||
| RRLGLRC455 | 113 | 114 | 1 | 1.38 | ||||||
| RRLGLRC455 | 138 | 139 | 1 | 11.2 | ||||||
| RRLGLRC455 | 158 | 159 | 1 | 3.66 | ||||||
| RRLGLRC455 | 171 | 172 | 1 | 2.72 | ||||||
| RRLGLRC455 | 180 | 181 | 1 | 1.39 | ||||||
| RRLGLRC455RRLGLRC455 | 183219 | 184221 | 12 | 12.9 | ||||||
| RRLGLRC455 | 235 | 236 | 1 | 1.74 | ||||||
| RRLGLRC456 | 6950484 | 409160 | 549 | -60 | 246 | 216 | 139 | 140 | 1 | 1.31 |
| RRLGLRC456 | 163 | 166 | 3 | 3.82 | ||||||
| RRLGLRC456 | 174 | 175 | 1 | 1.5 | ||||||
| Hack Bore Collar Location | Intersection >1.0 ppm Au and >1g/t Au*m | |||||||||
| Total Depth | From | To | Interval | Au | ||||||
| Hole ID | Y | X | Z | Dip | Azimuth | (m) | (m) | (m) | (m) | ppm |
| RRLHKBAC129 | 6926300 | 436078 | 500 | -60 | 270 | 104 | No significant Intercept | |||
| RRLHKBAC130 | 6926300 | 436234 | 500 | -60 | 270 | 39 | No significant Intercept | |||
| RRLHKBAC131 | 6926300 | 436394 | 500 | -60 | 270 | 46 | No significant Intercept | |||
| RRLHKBAC132 | 6926300 | 436553 | 500 | -60 | 270 | 64 | No significant Intercept | |||
| RRLHKBAC133 | 6926300 | 436713 | 500 | -60 | 270 | 70 | No significant Intercept | |||
| RRLHKBAC134 | 6926300 | 436853 | 500 | -60 | 270 | 80 | No significant Intercept | |||
| RRLHKBAC135 | 6926300 | 437033 | 500 | -60 | 270 | 74 | No significant Intercept | |||
| RRLHKBAC136 | 6926300 | 437353 | 500 | -60 | 270 | 115 | No significant Intercept | |||
| RRLHKBAC137 | 6926300 | 437674 | 500 | -60 | 270 | 80 | No significant Intercept | |||
| RRLHKBAC138 | 6925452 | 436085 | 500 | -60 | 270 | 77 | No significant Intercept | |||
| RRLHKBAC139 | 6925452 | 436244 | 500 | -60 | 270 | 48 | No significant Intercept | |||
| RRLHKBAC140 | 6925452 | 436404 | 500 | -60 | 270 | 48 | No significant Intercept | |||
| RRLHKBAC141 | 6925452 | 436564 | 500 | -60 | 270 | 83 | No significant Intercept | |||
| RRLHKBAC142 | 6925452 | 436724 | 500 | -60 | 271 | 117 | No significant Intercept | |||
| RRLHKBAC143 | 6925550 | 437042 | 500 | -60 | 268 | 129 | No significant Intercept | |||
| RRLHKBAC144 | 6925550 | 437363 | 500 | -60 | 270 | 105 | No significant Intercept | |||
| RRLHKBAC145 | 6925550 | 437682 | 500 | -60 | 270 | 116 | No significant Intercept | |||
| RRLHKBAC146 | 6925550 | 438002 | 500 | -60 | 268 | 122 | No significant Intercept | |||
| RRLHKBAC147 | 6925550 | 438322 | 500 | -60 | 268 | 98 | No significant Intercept | |||
| RRLHKBAC148 | 6925550 | 438642 | 500 | -60 | 270 | 137 | No significant Intercept | |||
| RRLHKBAC149 | 6925550 | 438963 | 500 | 269 | No significant Intercept | |||||
| -60 | 83 | |||||||||
| RRLHKBAC150 | 6924850 | 436088 | 500 | -60 | 270 | 68 | No significant Intercept | |||
| RRLHKBAC151 | 6924850 | 436248 | 500 | -60 | 270 | 51 | No significant Intercept | |||
| RRLHKBAC152 | 6924850 | 436408 | 500 | -60 | 268 | 96 | No significant Intercept | |||
| RRLHKBAC153 | 6924850 | 436568 | 500 | -60 | 270 | 76 | No significant Intercept | |||
| RRLHKBAC154 | 6924850 | 436728 | 500 | -60 | 271 | 127 | No significant Intercept | |||
| RRLHKBAC155 | 6924100 | 437777 | 500 | -60 | 270 | 104 | No significant Intercept | |||
| RRLHKBAC156 | 6924100 | 438097 | 500 | 270 | No significant Intercept | |||||
| -60 | 125 | |||||||||
| RRLHKBAC157 | 6924100 | 438417 | 500 | -60 | 270 | 143 | No significant Intercept | |||
| RRLHKBAC158 | 6922593 | 437490 | 500 | -60 | 270 | 116 | No significant Intercept | |||
| RRLHKBAC159 | 6922593 | 437810 | 500 | -60 | 269 | 119 | No significant Intercept | |||
| RRLHKBAC160 | 6922593 | 438130 | 500 | -60 | 270 | 109 | No significant Intercept | |||
| RRLHKBAC161 | 6922593 | 438452 | 500 | -60 | 270 | 127 | No significant Intercept | |||
| RRLHKBAC162 | 6922593 | 438771 | 500 | -60 | 269 | 77 | No significant Intercept | |||
| RRLHKBAC163 | 6922593 | 439091 | 500 | -60 | 270 | 95 | No significant Intercept | |||
| Little Well Collar Location | Intersection >1.0 ppm Au and >1g/t Au*m | |||||||||
| Hole ID | Azimuth | Total Depth | From | To | Interval | Au | ||||
| Y | X | Z | Dip | (m) | (m) | (m) | (m) | ppm | ||
| RRLLWAC183 | 6922235 | 426945 | 500 | -60 | 256 | 53 | No significant Intercept | |||
| RRLLWAC184 | 6922280 | 427101 | 500 | -60 | 256 | 52 | No significant Intercept | |||
| RRLLWAC185 | 6922325 | 427255 | 500 | -60 | 256 | 81 | No significant Intercept | |||
| RRLLWAC186 | 6922370 | 427406 | 500 | -60 | 256 | 108 | No significant Intercept | |||
| RRLLWAC187 | 6922415 | 427560 | 500 | -60 | 256 | 107 | No significant Intercept | |||
| RRLLWAC188 | 6922300 | 427175 | 500 | -60 | 256 | 68 | No significant Intercept | |||
| RRLLWAC189 | 6922515 | 426775 | 500 | -60 | 256 | 33 | No significant Intercept |

| Hole ID | Y | X | Z | Dip | Azimuth | Total Depth(m) | From(m) | ToInterval(m)(m) | Auppm |
|---|---|---|---|---|---|---|---|---|---|
| RRLLWAC190 | 6922560 | 426925 | 500 | -60 | 256 | 49 | No significant Intercept | ||
| RRLLWAC191 | 6922605 | 427080 | 500 | -60 | 256 | 120 | No significant Intercept | ||
| RRLLWAC192 | 6922650 | 427236 | 500 | -60 | 256 | 119 | No significant Intercept | ||
| RRLLWAC193RRLLWAC194 | 69226956922316 | 427390427215 | 500500 | -60-60 | 256256 | 9286 | 49 | No significant Intercept501 | 1.5 |
| RRLLWAC195 | 6922590 | 427026 | 500 | -60 | 256 | 60 | No significant Intercept | ||
| RRLLWAC196 | 6922805 | 426600 | 500 | -60 | 257 | 26 | No significant Intercept | ||
| RRLLWAC197 | 6922850 | 426750 | 500 | -60 | 256 | 51 | No significant Intercept | ||
| RRLLWAC198 | 6922895 | 426905 | 500 | -60 | 255 | 128 | No significant Intercept | ||
| RRLLWAC199 | 6922875 | 426858 | 500 | -60 | 256 | 80 | No significant Intercept | ||
| RRLLWAC200 | 6922870 | 426831 | 500 | -60 | 256 | 108 | No significant Intercept | ||
| RRLLWAC201 | 6922940 | 427060 | 500 | -60 | 256 | 141 | No significant Intercept | ||
| RRLLWAC202 | 6922985 | 427220 | 500 | -60 | 256 | 92 | No significant Intercept | ||
| RRLLWAC203RRLLWAC204 | 69230856923125 | 426426426580 | 500500 | -60-60 | 256256 | 1972 | No significant InterceptNo significant Intercept | ||
| RRLLWAC205 | 6923170 | 426735 | 500 | -60 | 256 | 89 | No significant Intercept | ||
| RRLLWAC206 | 6923215 | 426891 | 500 | -60 | 256 | 99 | No significant Intercept | ||
| RRLLWAC207 | 6923260 | 427040 | 500 | -60 | 256 | 101 | No significant Intercept | ||
| RRLLWAC208 | 6923150 | 426660 | 500 | -60 | 256 | 104 | No significant Intercept | ||
| RRLLWAC209 | 6923370 | 426255 | 500 | -60 | 256 | 32 | No significant Intercept | ||
| RRLLWAC210 | 6923415 | 426410 | 500 | -60 | 256 | 61 | No significant Intercept | ||
| RRLLWAC211RRLLWAC212 | 69234356923455 | 426486426561 | 505505 | -60-60 | 256256 | 68101 | No significant InterceptNo significant Intercept | ||
| RRLLWAC213 | 6923500 | 426715 | 505 | -60 | 256 | 94 | No significant Intercept | ||
| RRLLWAC214 | 6923397 | 426353 | 505 | -60 | 256 | 26 | No significant Intercept | ||
| RRLLWAC215 | 6923545 | 426870 | 505 | -60 | 256 | 101 | No significant Intercept | ||
| RRLLWAC216 | 6923680 | 426070 | 505 | -60 | 256 | 50 | No significant Intercept | ||
| RRLLWAC217 | 6923705 | 426145 | 505 | -60 | 256 | 51 | No significant Intercept | ||
| RRLLWAC218 | 6923725 | 426225 | 505 | -60 | 256 | 31 | No significant Intercept | ||
| RRLLWAC219RRLLWAC220 | 69237506923770 | 426301426375 | 505505 | -60-60 | 256256 | 83109 | No significant InterceptNo significant Intercept | ||
| RRLLWAC221 | 6923814 | 426529 | 505 | -60 | 256 | 106 | No significant Intercept | ||
| RRLLWAC222 | 6923858 | 426683 | 505 | -60 | 256 | 75 | No significant Intercept | ||
| RRLLWAC223 | 6923910 | 425845 | 505 | -60 | 256 | 17 | No significant Intercept | ||
| RRLLWAC224RRLLWAC225 | 69239326923950 | 425923425995 | 505505 | -60-60 | 256256 | 4264 | No significant InterceptNo significant Intercept | ||
| RRLLWAC226 | 6923972 | 426072 | 505 | -60 | 256 | 101 | No significant Intercept | ||
| RRLLWAC227 | 6924135 | 425615 | 505 | -60 | 256 | 23 | No significant Intercept | ||
| RRLLWAC228 | 6924155 | 425695 | 505 | -60 | 256 | 62 | No significant Intercept | ||
| RRLLWAC229 | 6924180 | 425771 | 505 | -60 | 256 | 83 | No significant Intercept | ||
| RRLLWAC230 | 6924200 | 425850 | 505 | -60 | 256 | 106 | No significant Intercept | ||
| RRLLWAC231RRLLWAC232 | 69243606924405 | 425390425546 | 505505 | -60-60 | 256255 | 2375 | No significant InterceptNo significant Intercept | ||
| RRLLWAC233 | 6924450 | 425700 | 505 | -60 | 256 | 91 | No significant Intercept | ||
| RRLLWAC234 | 6924585 | 425165 | 505 | -60 | 255 | 20 | No significant Intercept | ||
| RRLLWAC235 | 6924630 | 425320 | 505 | -60 | 256 | 65 | No significant Intercept | ||
| RRLLWAC236 | 6924675 | 425470 | 505 | -60 | 256 | 82 | No significant Intercept | ||
| RRLLWAC237 | 6924715 | 425625 | 505 | -60 | 256 | 56 | No significant Intercept | ||
| RRLLWAC238 | 6925135 | 425030 | 505 | -60 | 255 | 108 | No significant Intercept | ||
| RRLLWAC239 | 6925180 | 425180 | 505 | -60 | 256 | 100 | No significant Intercept | ||
| RRLLWAC240 | 6925224 | 425335 | 505 | -60 | 256 | 114 | No significant Intercept | ||
| RRLLWAC241RRLLWAC242 | 69252686925280 | 425488424500 | 505505 | -60-60 | 256256 | 5945 | No significant InterceptNo significant Intercept | ||
| RRLLWAC243 | 6925320 | 424651 | 505 | -60 | 256 | 62 | No significant Intercept | ||
| RRLLWAC244 | 6925365 | 424805 | 505 | -60 | 257 | 87 | No significant Intercept | ||
| RRLLWAC245 | 6925410 | 424960 | 505 | -60 | 256 | 138 | No significant Intercept | ||
| RRLLWAC246RRLLWAC247 | 69257406925780 | 424056424205 | 505505 | -60-60 | 255257 | 3938 | No significant InterceptNo significant Intercept | ||
| RRLLWAC248 | 6925825 | 424361 | 505 | -60 | 256 | 101 | No significant Intercept | ||
| RRLLWAC249 | 6925870 | 424515 | 505 | -60 | 255 | 136 | No significant Intercept | ||
| RRLLWAC250 | 6925914 | 424670 | 505 | -60 | 255 | 60 | No significant Intercept | ||
| RRLLWAC251 | 6925958 | 424823 | 505 | -60 | 256 | 62 | No significant Intercept | ||
| RRLLWAC252RRLLWAC253 | 69260026925970 | 424976423830 | 505505 | -60-60 | 256256 | 10747 | No significant InterceptNo significant Intercept | ||
| RRLLWAC254 | 6926010 | 423985 | 505 | -60 | 256 | 55 | No significant Intercept | ||
| RRLLWAC255 | 6926055 | 424140 | 505 | -60 | 256 | 124 | No significant Intercept | ||
| RRLLWAC256 | 6926100 | 424290 | 505 | -60 | 256 | 148 | No significant Intercept | ||
| RRLLWAC257RRLLWAC258 | 69260806926144 | 424237424444 | 505505 | -60-60 | 256256 | 10345 | No significant InterceptNo significant Intercept | ||
| RRLLWAC259 | 6926188 | 424598 | 505 | -60 | 256 | 51 | No significant Intercept | ||
| RRLLWAC260 | 6926232 | 424751 | 505 | -60 | 256 | 94 | No significant Intercept | ||
| RRLLWAC261 | 6926200 | 423610 | 505 | -60 | 256 | 34 | No significant Intercept |

| Total Depth | From | To | Interval | Au | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Hole ID | Y | X | Z | Dip | Azimuth | (m) | (m) | (m) | (m) | ppm |
| RRLLWAC262 | 6926245 | 423761 | 505 | -60 | 256 | 64 | No significant Intercept | |||
| RRLLWAC263 | 6926285 | 423915 | 505 | -60 | 256 | 76 | No significant Intercept | |||
| RRLLWAC264 | 6926374 | 424224 | 505 | -60 | 256 | 78 | No significant Intercept | |||
| RRLLWAC265RRLLWAC266 | 69264186926330 | 424379424070 | 505505 | -60-60 | 256256 | 109142 | No significant InterceptNo significant Intercept | |||
| RRLLWAC267 | 6926845 | 422790 | 505 | -60 | 256 | 95 | No significant Intercept | |||
| RRLLWAC268 | 6926890 | 422941 | 505 | -60 | 256 | 47 | No significant Intercept | |||
| RRLLWAC269 | 6926935 | 423095 | 505 | -60 | 256 | 84 | No significant Intercept | |||
| RRLLWAC270 | 6926970 | 423250 | 505 | -60 | 256 | 56 | No significant Intercept | |||
| RRLLWAC271 | 6927020 | 423406 | 505 | -60 | 256 | 67 | No significant Intercept | |||
| RRLLWAC272 | 6927064 | 423559 | 505 | -60 | 256 | 85 | No significant Intercept | |||
| RRLLWAC273 | 6927108 | 423713 | 505 | -60 | 256 | 59 | No significant Intercept | |||
| RRLLWAC274 | 6927152 | 423867Matts Bore Collar Location | 505 | -60 | 256 | 57 | Intersection >1.0 ppm Au and >1g/t Au*m | No significant Intercept | ||
| Total Depth | From | To | Interval | Au | ||||||
| Hole ID | Y | X | Z | Dip | Azimuth | (m) | (m) | (m) | (m) | ppm |
| RRLMBAC022 | 6946498 | 408385 | 500 | -60 | 231 | 71 | No significant Intercept | |||
| RRLMBAC023 | 6946909 | 408876 | 500 | -60 | 230 | 103 | No significant Intercept | |||
| RRLMBAC024 | 6947012 | 408998 | 500 | -60 | 231 | 69 | No significant Intercept | |||
| RRLMBAC025 | 6947118 | 409125 | 500 | -60 | 230 | 84 | No significant Intercept | |||
| RRLMBAC035 | 6947091 | 408097 | 500 | -60 | 230 | 80 | No significant Intercept | |||
| RRLMBAC036 | 6947194 | 408220 | 500 | -60 | 230 | 77 | No significant Intercept | |||
| RRLMBAC037 | 6947290 | 408342 | 500 | -60 | 230 | 75 | No significant Intercept | |||
| RRLMBAC038 | 6947399 | 408464 | 500 | -60 | 229 | 101 | No significant Intercept | |||
| RRLMBAC039 | 6947502 | 408587 | 500 | -60 | 230 | 65 | No significant Intercept | |||
| RRLMBAC041 | 6947708 | 408832 | 500 | -60 | 230 | 108 | No significant Intercept | |||
| RRLMBAC042RRLMBAC043 | 69478116947914 | 408955409077 | 500500 | -60-60 | 230230 | 8991 | No significant InterceptNo significant Intercept | |||
| RRLMBAC044 | 6948016 | 409201 | 500 | -60 | 230 | 79 | No significant Intercept | |||
| RRLMBAC045 | 6948119 | 409323 | 500 | -60 | 230 | 90 | No significant Intercept | |||
| RRLMBAC046 | 6947170 | 407195 | 500 | -60 | 230 | 149 | No significant Intercept | |||
| RRLMBAC047 | 6947272 | 407319 | 500 | -60 | 231 | 92 | No significant Intercept | |||
| RRLMBAC048 | 6947375 | 407440 | 500 | -60 | 230 | 74 | No significant Intercept | |||
| RRLMBAC049 | 6947478 | 407564 | 500 | -60 | 230 | 65 | No significant Intercept | |||
| RRLMBAC050 | 6947581 | 407686 | 500 | -60 | 230 | 53 | No significant Intercept | |||
| RRLMBAC051 | 6947684 | 407808 | 500 | -60 | 231 | 59 | No significant Intercept | |||
| RRLMBAC052 | 6947787 | 407930 | 500 | -60 | 230 | 74 | No significant Intercept | |||
| RRLMBAC053RRLMBAC054 | 69478906947992 | 408053408176 | 500500 | -60-60 | 230230 | 11089 | No significant InterceptNo significant Intercept | |||
| RRLMBAC055 | 6948102 | 408306 | 500 | -60 | 230 | 97 | No significant Intercept | |||
| RRLMBAC056 | 6948198 | 408421 | 500 | -60 | 230 | 97 | No significant Intercept | |||
| RRLMBAC057 | 6948279 | 408526 | 500 | -60 | 230 | 103 | No significant Intercept | |||
| RRLMBAC058 | 6948404 | 408666 | 500 | -60 | 230 | 78 | No significant Intercept | |||
| RRLMBAC059 | 6947866 | 407030 | 500 | -60 | 230 | 80 | No significant Intercept | |||
| RRLMBAC060 | 6947968 | 407151 | 500 | -60 | 230 | 74 | No significant Intercept | |||
| RRLMBAC061 | 6948071 | 407275 | 500 | -60 | 230 | 53 | No significant Intercept | |||
| RRLMBAC062 | 6948174 | 407397 | 500 | -60 | 230 | 38 | No significant Intercept | |||
| RRLMBAC063 | 6948277 | 407519 | 500 | -60 | 230 | 107 | No significant Intercept | |||
| Murphy Hills Collar Location | Intersection >1.0 ppm Au and >1g/t Au*m | |||||||||
| Hole ID | Y | X | Z | Dip | Azimuth | Total Depth(m) | From(m) | To(m) | Interval(m) | Auppm |
| RRLMUAC075 | 6917050 | 421445 | 500 | -60 | 270 | 126 | No significant Intercept | |||
| RRLMUAC076 | 6917050 | 421765 | 500 | -60 | 270 | 47 | No significant Intercept | |||
| RRLMUAC077 | 6917050 | 422085 | 500 | -60 | 270 | 115 | No significant Intercept | |||
| RRLMUAC078 | 6917050 | 422405 | 500 | -60 | 270 | 93 | No significant Intercept | |||
| RRLMUAC079 | 6916450 | 421595 | 500 | -60 | 270 | 128 | No significant Intercept | |||
| RRLMUAC080 | 6916450 | 421916 | 500 | -60 | 270 | 139 | No significant Intercept | |||
| RRLMUAC081 | 6916450 | 422076 | 500 | -60 | 270 | 152 | No significant Intercept | |||
| RRLMUAC082 | 6917050 | 422725 | 500 | -60 | 270 | 63 | No significant Intercept | |||
| RRLMUAC083 | 6917050 | 423045 | 500 | -60 | 270 | 94 | No significant Intercept | |||
| RRLMUAC084 | 6917050 | 423365 | 500 | -60 | 270 | 128 | No significant Intercept | |||
| RRLMUAC085 | 6917050 | 423685 | 500 | -60 | 270 | 82 | No significant Intercept | |||
| RRLMUAC086 | 6917050.002 | 424005.558 | 500 | -60 | 270 | 69 | Awaiting Results | |||
| RRLMUAC087 | 6917050.002 | 424325.634 | 500 | -60 | 270 | 56 | Awaiting Results | |||
| RRLMUAC088 | 6917050.003 | 424645.71 | 500 | -60 | 270 | 58 | Awaiting Results | |||
| RRLMUAC089 | 6917050.003 | 424965.785 | 500 | -60 | 270 | 63 | Awaiting Results | |||
| RRLMUAC090 | 6917049.995 | 425284.515 | 500 | -60 | 270 | 119 | Awaiting Results | |||
| RRLMUAC091 | 6916310 | 425395.344 | 500 | -60 | 270 | 137 | Awaiting Results | |||
| RRLMUAC092 | 6916280.002 | 425715.584 | 500 | -60 | 270 | 128 | Awaiting Results | |||
| RRLMUAC093 | 6916280.002 | 426035.638 | 500 | -60 | 270 | 83 | Awaiting Results | |||
| RRLMUAC094 | 6916310 | 423355.322 | 500 | -60 | 271 | 77 | Awaiting Results | |||
| RRLMUAC095 | 6916310 | 423675.379 | 500 | -60 | 271 | 75 | Awaiting Results |

| Hole ID | Y | X | Z | Dip | Azimuth | Total Depth | From | To | Interval | Au |
|---|---|---|---|---|---|---|---|---|---|---|
| (m) | (m) | (m) | (m) | ppm | ||||||
| RRLMUAC096 | 6915719.998 | 422714.961 | 500 | -60 | 269 | 123 | Awaiting Results | |||
| RRLMUAC097 | 6915719.998 | 423035.002 | 500 | -60 | 271 | 142 | Awaiting Results | |||
| RRLMUAC098 | 6915719.998 | 423355.044 | 500 | -60 | 268 | 137 | Awaiting Results | |||
| RRLMUAC099 | 6915719.999 | 423675.086 | 500 | -60 | 269 | 66 | Awaiting Results | |||
| RRLMUAC100 | 6915719.999 | 423835.106 | 500 | -60 | 270 | 53 | Awaiting Results | |||
| RRLMUAC101 | 6915719.999 | 423995.127 | 500 | -60 | 268 | 93 | Awaiting Results | |||
| RRLMUAC102 | 6915719.999 | 424315.167 | 500 | -60 | 270 | 80 | Awaiting Results | |||
| RRLMUAC103 | 6915719.999 | 424635.208 | 500 | -60 | 270 | 76 | Awaiting Results | |||
| RRLMUAC104 | 6915719.997 | 424949.869 | 500 | -60 | 267 | 81 | Awaiting Results | |||
| RRLMUAC105 | 6915720 | 425275.287 | 500 | -60 | 266 | 121 | Awaiting Results | |||
| RRLMUAC106 | 6915720 | 425595.328 | 500 | -60 | 269 | 71 | Awaiting Results | |||
| RRLMUAC107 | 6915720 | 425915.367 | 500 | -60 | 271 | 125 | Awaiting Results | |||
| RRLMUAC108 | 6915079.999 | 423035.061 | 500 | -60 | 270 | 128 | Awaiting Results | |||
| RRLMUAC109 | 6915079.999 | 423355.085 | 500 | -60 | 271 | 106 | Awaiting Results | |||
| RRLMUAC110 | 6915079.999 | 423675.111 | 500 | -60 | 270 | 76 | Awaiting Results | |||
| RRLMUAC111 | 6914435.003 | 423345.748 | 500 | -60 | 270 | 143 | Awaiting Results | |||
| RRLMUAC112 | 6914439.999 | 423675.136 | 500 | -60 | 270 | 119 | Awaiting Results | |||
| RRLMUAC113 | 6914439.999 | 423995.143 | 500 | -60 | 271 | 106 | Awaiting Results | |||
| RRLMUAC114 | 6914439.999 | 424315.15 | 500 | -60 | 271 | 74 | Awaiting Results | |||
| RRLMUAC115 | 6914439.999 | 424635.156 | 500 | -60 | 270 | 98 | Awaiting Results | |||
| RRLMUAC116 | 6913799.999 | 423515.168 | 500 | -60 | 271 | 152 | Awaiting Results | |||
| Moolart Well Collar Location | Intersection >1.0 ppm Au and >1g/t Au*m | |||||||||
| Total Depth | From | To | Interval | Au | ||||||
| Hole ID | Y | X | Z | Dip | Azimuth | (m) | (m) | (m) | (m) | ppm |
| RRLMWRC1818 | 6945009 | 435971 | 543 | -60 | 270 | 330 | 123 | 124 | 1 | 2.09 |
| RRLMWRC1818 | 193 | 194 | 1 | 1.27 | ||||||
| RRLMWRC1818 | 195 | 199 | 4 | 1.09 | ||||||
| RRLMWRC1818 | 245 | 246 | 1 | 2.39 | ||||||
| RRLMWRC1818 | 313 | 314 | 1 | 1.54 | ||||||
| RRLMWRC1819 | 6944909 | 435980 | 545 | -60 | 270 | 294 | 126 | 127 | 1 | 2.19 |
| RRLMWRC1819 | 174 | 176 | 2 | 1.22 | ||||||
| RRLMWRC1819 | 226 | 230 | 4 | 1.5 | ||||||
| RRLMWRC1820 | 6944684 | 436047 | 546 | -60 | 270 | 288 | 135 | 136 | 1 | 3.82 |
| RRLMWRC1820 | 144 | 145 | 1 | 1.84 | ||||||
| RRLMWRC1820 | 150 | 151 | 1 | 1.74 | ||||||
| RRLMWRC1820 | 171 | 172 | 1 | 1.51 | ||||||
| RRLMWRC1820 | 226 | 228 | 2 | 1.18 | ||||||
| RRLMWRC1820 | 235 | 242 | 7 | 1.16 | ||||||
| RRLMWRC1820RRLMWRC1820 | 251258 | 253259 | 21 | 2.072.67 | ||||||
| RRLMWRC1821 | 6944634 | 436050 | 545 | -60 | 270 | 294 | 150 | 151 | 1 | 1.14 |
| RRLMWRC1821 | 223 | 234 | 11 | 1.26 | ||||||
| RRLMWRC1821 | 272 | 273 | 1 | 6.38 | ||||||
| RRLMWRC1821 | 291 | 292 | 1 | 4.13 | ||||||
| RRLMWRC1822 | 6944582 | 436037 | 544 | -60 | 270 | 288 | 157 | 164 | 7 | 4.79 |
| RRLMWRC1822 | 184 | 188 | 4 | 1.47 | ||||||
| RRLMWRC1822 | 197 | 201 | 4 | 1.1 | ||||||
| RRLMWRC1822 | 225 | 226 | 1 | 1.04 | ||||||
| RRLMWRC1822 | 270 | 271 | 1 | 1.04 | ||||||
| Ranch Collar Location | Intersection >1.0 ppm Au and >1g/t Au*m | |||||||||
| Hole ID | Y | X | Z | Dip | Azimuth | Total Depth | From | To | Interval | Au |
| (m) | (m) | (m) | (m) | ppm | ||||||
| RRLRARC001 | 6903639 | 433191 | 484 | -60 | 270 | 96 | No significant Intercept | |||
| RRLRARC002 | 6903639 | 433231 | 484 | -60 | 270 | 150 | No significant Intercept | |||
| RRLRARC003 | 6903959 | 433129 | 484 | -60 | 270 | 102 | 36 | 39 | 3 | 21.36 |
| RRLRARC003 | 62 | 63 | 1 | 1.31 | ||||||
| RRLRARC004 | 6903959 | 433169 | 484 | -60 | 270 | 180 | No significant Intercept | |||
| RRLRARC005 | 6903799 | 433205 | 483 | -60 | 270 | 138 | No significant Intercept | |||
| RRLRARC006 | 6903799 | 433245 | 483 | -60 | 270 | 192 | No significant Intercept | |||
| RRLRARC007 | 6903479 | 433236 | 484 | -60 | 271 | 102 | No significant Intercept | |||
| RRLRARC008 | 6903159 | 433248 | 483 | -60 | 270 | 84 | No significant Intercept | |||
| RRLRARC009 | 6903159 | 433288 | 483 | -60 | 271 | 156 | No significant Intercept | |||
| RRLRARC010 | 6903319 | 433331 | 484 | -60 | 271 | 174 | No significant Intercept | |||
| RRLRARC011 | 6903319 | 433291 | 484 | -60 | 271 | 120 | No significant Intercept | |||
| RRLRARC012 | 6902359 | 433446 | 482 | -60 | 271 | 84 | No significant Intercept | |||
| RRLRARC013 | 6902359 | 433485 | 482 | -60 | 271 | 126 | No significant Intercept | |||
| RRLRARC014 | 6901719 | 433576 | 482 | -60 | 272 | 144 | No significant Intercept | |||
| RRLRARC015 | 6901719 | 433536 | 482 | -60 | 272 | 90 | No significant Intercept | |||
| RRLRARC016 | 6901239 | 433657 | 482 | -60 | 272 | 144 | No significant Intercept | |||
| RRLRARC017 | 6901399 | 433573 | 483 | -60 | 272 | 90 | No significant Intercept | |||
| RRLRARC018 | 6901399 | 433613 | 483 | -60 | 272 | 132 | No significant Intercept | |||
| RRLRARC019 | 6904279 | 433098 | 479 | -60 | 270 | 156 | No significant Intercept | |||
| RRLRARC020 | 6904279 | 433058 | 479 | -60 | 270 | 72 | 24 | 28 | 4 | 1.66 |

| Hole ID | Y | X | Z | Dip | Azimuth | Total Depth(m) | From(m) | To(m) | Interval(m) | Auppm |
|---|---|---|---|---|---|---|---|---|---|---|
| RRLRARC021 | 6904439 | 433008 | 482 | -60 | 269 | 84 | No significant Intercept | |||
| RRLRARC022 | 6904439 | 433048 | 479 | -60 | 269 | 168 | No significant Intercept | |||
| RRLRARC023 | 6904579 | 432974 | 488 | -60 | 271 | 90 | No significant Intercept | |||
| RRLRARC024 | 6904579 | 433014 | 488 | -60 | 270.5 | 156 | No significant Intercept | |||
| RRLRARC025 | 6904119 | 433107 | 484 | -60 | 270 | 96 | No significant Intercept | |||
| RRLRARC026 | 6904119 | 433147 | 484 | -60 | 269 | 150 | No significant Intercept | |||
| RRLRARC027 | 6903479 | 433276 | 484 | -60 | 269 | 156 | No significant Intercept | |||
| RRLRARC028 | 6902199 | 433447 | 482 | 268.5 | 96 | No significant Intercept | ||||
| RRLRARC029 | 6902039 | 433476 | 482 | -60-60 | 270 | 60 | No significant Intercept | |||
| RRLRARC030 | 6901559 | 433517 | 482 | -60 | 270 | 78 | No significant Intercept | |||
| RRLRARC031 | 6902999 | 433257 | 483 | -60 | 271 | 90 | No significant Intercept | |||
| RRLRARC032 | 6902999 | 433297 | 483 | -60 | 270 | 114 | No significant Intercept | |||
| RRLRARC033 | 6902839 | 433319 | 484 | -60 | 270 | 90 | No significant Intercept | |||
| RRLRARC034 | 6902839 | 433359 | 484 | -60 | 268.5 | 102 | No significant Intercept | |||
| RRLRARC035 | 6902519 | 433409 | 482 | -60 | 268.5 | 78 | No significant Intercept | |||
| RRLRARC036 | 6902519 | 433449 | 482 | -60 | 270 | 114 | No significant Intercept | |||
| RRLRARC037 | 6902199 | 433493 | 482 | -60 | 270 | 138 | No significant Intercept | |||
| RRLRARC038 | 6902039 | 433516 | 482 | -60 | 270 | 132 | No significant Intercept | |||
| RRLRARC039 | 6901869 | 433517 | 483 | -60 | 269 | 78 | No significant Intercept | |||
| RRLRARC040 | 6901869 | 433557 | 483 | -60 | 269 | 150 | No significant Intercept | |||
| RRLRARC041 | 6901719 | 433616 | 482 | -60 | 270 | 204 | 40 | 44 | 4 | 2.7 |
| RRLRARC042 | 6901559 | 433557 | 482 | -60 | 270 | 120 | No significant Intercept | |||
| RRLRARC043 | 6902999 | 433417 | 481 | -60 | 270 | 210 | 44 | 48 | 4 | 1.68 |
| RRLRARC044 | 6903159 | 433397 | 484 | -60 | 270 | 162 | No significant Intercept | |||
| RRLRARC045 | 6903639 | 433387 | 484 | -60 | 270 | 156 | No significant Intercept | |||
| RRLRARC046 | 6903799 | 433346 | 483 | -60 | 270 | 156 | No significant Intercept | |||
| RRLRARC047 | 6902519 | 433528 | 481 | -60 | 270 | 120 | No significant Intercept | |||
| RRLRARC048 | 6902159 | 433617 | 481 | -60 | 270 | 144 | 96 | 100 | 4 | 5.46 |
| RRLRARC049 | 6901239 | 433617 | 482 | -60 | 270 | 138 | No significant Intercept | |||
| RRLRARC050 | 6901079 | 433594 | 482 | -60 | 270 | 84 | No significant Intercept | |||
| RRLRARC051 | 6901079 | 433634 | 482 | -60 | 270 | 150 | No significant Intercept | |||
| RRLRARC052 | 6900919 | 433594 | 482 | -60 | 270 | 72 | No significant Intercept | |||
| RRLRARC053 | 6900919 | 433634 | 482 | -60 | 270 | 114 | No significant Intercept | |||
| RRLRARC054 | 6900759 | 433604 | 482 | -60 | 270 | 60 | No significant Intercept | |||
| RRLRARC055 | 6900759 | 433644 | 482 | -60 | 270 | 144 | No significant Intercept | |||
| Russell's Find Collar Location | Intersection >1.0 ppm Au and >1g/t Au*m | |||||||||
| Hole ID | Y | X | Z | Dip | Azimuth | Total Depth(m) | From(m) | To(m) | Interval(m) | Auppm |
| RRLRFAC043 | 6905653.857 | 438866.461 | 530 | -60 | 256 | 77 | Awaiting Results | |||
| RRLRFAC044 | 6905658.857 | 438902.461 | 530 | -60 | 256 | 110 | Awaiting Results | |||
| RRLRFAC045 | 6905668.857 | 438937.462 | 530 | -60 | 256 | 101 | Awaiting Results | |||
| RRLRFAC046 | 6905665.857 | 438980.462 | 530 | -60 | 256 | 74 | Awaiting Results | |||
| RRLRFAC047 | 6905901.858 | 438808.461 | 530 | -60 | 256 | 47 | Awaiting Results | |||
| RRLRFAC048 | 6905918.858 | 438887.461 | 530 | -60 | 256 | 96 | Awaiting Results | |||
| Rosemont Collar Location | Intersection >1.0 ppm Au and >1g/t Au*m | |||||||||
| Total Depth | From | To | Interval | Au | ||||||
| Hole ID | Y | X | Z | Dip | Azimuth | (m) | (m) | (m) | (m) | ppm |
| RRLRMDD040 | 6919200 | 429656 | 505 | -78 | 235 | 1740.6 | No significant Intercept | |||
| RRLRMDD041 | 6918915 | 428767 | 515 | -70 | 72 | 645.5 | No significant Intercept | |||
| RRLRMDD041W1 | 6918915 | 428767 | 515 | -70 | 72 | 1038.8 | 512 | 515.57 | 3.57 | 1.98 |
| RRLRMDD041W2 | 6918915 | 428767 | 515 | -70 | 72 | 969 | 775.8 | 776.11 | 0.31 | 43.9 |
| Speights Collar Location | Intersection >1.0 ppm Au and >1g/t Au*m | |||||||||
| Hole ID | Y | X | Z | Dip | Azimuth | Total Depth(m) | From(m) | To(m) | Interval(m) | Auppm |
| RRLSPAC080 | 6920189 | 431201 | 500 | -60 | 270 | 99 | No significant Intercept | |||
| RRLSPAC081 | 6920311 | 431361 | 500 | -60 | 270 | 44 | No significant Intercept | |||
| RRLSPAC083 | 6920449 | 431520 | 500 | -60 | 270 | 52 | No significant Intercept | |||
| RRLSPAC084 | 6920512 | 431600 | 500 | -60 | 270 | 55 | No significant Intercept | |||
| RRLSPAC085 | 6920557 | 431692 | 500 | -60 | 270 | 51 | No significant Intercept | |||
| RRLSPAC086 | 6920610 | 431763 | 500 | -60 | 270 | 49 | No significant Intercept | |||
| RRLSPAC087 | 6920640 | 431840 | 500 | -60 | 270 | 24 | No significant Intercept | |||

JORC Code, 2012 Edition – Section 1 Sampling Techniques and Data
(Criteria in this section apply to all succeeding sections.)
| Criteria | JORC Code explanation | Commentary |
|---|---|---|
| Samplingtechniques | Natureandqualityofsampling (e.g. cut channels,random chips, or specificspecialised industry standardmeasurementtoolsappropriate to the mineralsunder investigation, such asdown hole gamma sondes,orhandheldXRFinstruments,etc.).Theseexamplesshouldnotbetaken as limiting the broadmeaning of sampling. | Gold ProjectsBaneygoThe Baneygo gold deposit was sampled using Reverse Circulation (RC) drill holeson a nominal 40m north by 20m to 40m east grid spacings angled -55° to -71° to242° to 261. The mineralised quartz dolerite strikes 344° and is subvertical,therefore drilling was directed from the east or west where access could begained around historical infrastructure such as pits and waste dumps.Garden WellThe Garden Well gold deposit was sampled using PQ3, HQ, and NQ2 Diamonddrill (DD) holes on a nominal 20m east by 40m or 80m north grid spacing angled-57 to -71° towards 270° azimuth designed to drill perpendicular to the strikeof mineralisation. |
| GlosterThe Gloster gold deposit was sampled using HQ and NQ2 Diamond drill (DD) drillholes. DD holes were drilled on a nominal 100m - 200m north east spacing alongstrikeangled at -54° to -62° towards 246° azimuth designed to drillperpendicular to the strike of mineralisation | ||
| Moolart WellThe Moolart Well gold deposit was sampled using Reverse Circulation (RC) drillholes. 3 Holes were drilled for additional metallurgical test work across newreserves estimated during the March Q. Drill holes were angled at -60° towards270° azimuth designed to drill perpendicular to the strike of mineralisation. | ||
| RosemontThe Rosemont gold deposit was sampled using PQ3, HQ and NQ diamond drill(DD) hole. Two deep diamond holes were drilled to test the quartz dolerite, astrong seismic reflector and the stratigraphic sequence, collared at -78° to 235°and -70 to 072. | ||
| Other Regional ProspectsThe Regional Prospectswere sampled using Air Core (AC) and ReverseCirculation (RC) drill holes on various grid spacings angled -60° towards varyingazimuths designed to drill as close as possible to perpendicular to the strike ofmineralisation. | ||
| Includereferencetomeasures taken to ensuresamplerepresentivityandthe appropriate calibrationof any measurement tools orsystems used. | All Gold Projects AC, RC, DDRegis drill hole collar locations were picked up by an independent registeredconsulting surveyor or site-based authorised surveyors using Trimble RTK GPS.Downhole surveying was measured by using either a Reflex EZ-Shot DownholeSurvey Instrument or North Seeking Gyro based tool where magnetic host rockwould affect azimuth readings. The surveys were completed every 30m downeach drill hole. | |
| Diamond drill core is aligned and measured by tape, comparing back to downhole core blocks consistent with industry practice. | ||
| Regis drill hole sampling had certified standards and blanks inserted at every20th and 25th sample (DD only) or every 25th sample (RC and AC) to assess theaccuracy and methodology of the external laboratories. Field duplicates (RC andAC only) were inserted every 20th sample to assess the repeatability andvariability of the gold mineralisation. Laboratory duplicates were also completedapproximately every 15th sample to assess the precision of the laboratory as well |

| Criteria | JORC Code explanation | Commentary |
|---|---|---|
| as the repeatability and variability of the gold mineralisation. Results of theQAQC sampling were considered acceptable. | ||
| Regional Prospects AC, RCRegis drill hole collar locations were picked up by handheld GPS. Hole azimuthswere measured at the collar using a Suunto sighting compass. | ||
| Regis drill hole sampling had certified standards and blanks inserted every 50thsample (RC and AC) to assess the accuracy and methodology of the externalth sample to assess thelaboratories, and field duplicates were inserted every 50repeatability and variability of the gold mineralisation. Laboratory duplicateswere also completed approximately every 15th sample to assess the precision ofthe laboratory as well as the repeatability and variability of the goldmineralisation. Results of the QAQC sampling were considered acceptable. | ||
| Aspects of the determinationof mineralisation that areMaterialtothePublicReport.Incaseswhere'industry standard' work hasbeen done this would be | All Gold Projects AC and RC DrillingFor the Regis RC drilling, and AC drilling 1m samples were obtained by conesplitter (2.5kg – 3.0kg) and were utilised for lithology logging and assaying. Thedrilling samples were dried, crushed and pulverised to get 85% passing 75µmand were all Fire Assayed using a 50g charge. | |
| relativelysimple(e.g.'reverse circulation drillingwas used to obtain 1 msamples from which 3 kg waspulverised to produce a 30 gcharge for fire assay'). Inothercases,more | All Gold Projects DDDiamond drilling completed to industry standard using varying sample lengths(0.2 to 1.3m through the gold mineralized zones) based on geological intervals,which are then dried, crushed and pulverised to get 85% passing 75µm and wereall Fire Assayed using a 50g charge (Bureau Veritas). Outside mineralized areas1m samples to 4.85m composite samples were collected. | |
| explanationmayberequired,suchaswherethere is coarse gold that hasinherent sampling problems.Unusualcommoditiesormineralisationtypes(e.g.submarinenodules)maywarrantdisclosureofdetailed information. | Regional Prospects ACFor AC drilling 1m spear samples were composited to 4m intervals to obtain a2.5kg – 3.0kg sample. The drilling samples were dried, crushed and pulverisedto get 85% passing 75µm and were all Fire Assayed using a 50g charge (BureauVeritas).Anomalous results from 4m AC drill composites were spear sampled at 1mintervals. These drill samples were dried, crushed and pulverised to get 85%passing 75µm and were all Fire Assayed using a 50g charge. | |
| Drillingtechniques | Drill type (e.g. core, reversecirculation,open-holehammer, rotary air blast,auger, Bangka, sonic, etc.)anddetails(e.g.corediameter, triple or standard | All Gold Projects/Prospects RC and AC drillingRC drilling completed with a 139mm or 143mm diameter face samplinghammer.AC drilling was completed with an 89mm diameter AC blade bit.All Gold Projects DD |
| tube, depth of diamond tails,face-sampling bit or othertype,whethercoreisoriented and if so, by whatmethod, etc.). | Surface diamond drilling carried out by using PQ3, or HQ3 (triple tube) and HQ2,NQ, or NQ2 (standard tube) techniques.Core is routinely orientated by REFLEX ACT III tool. | |
| Drill samplerecovery | Method of recording andassessingcoreandchipsamplerecoveriesandresults assessed. | All Gold Projects/Prospects RC and AC drillingRC and AC recovery was visually assessed, with recovery being excellent exceptin some wet intervals which are recorded on logs. 0% AC, 0% RC within themineralised zones (>1 g/t) have been recorded as wet, with the exception of theBaneygo Project where 9% of samples within the mineralised zone (>1g/t) wererecorded as wet. |

| Criteria | JORC Code explanation | Commentary |
|---|---|---|
| All Gold Projects DDDD core was measured and compared to the drilled intervals, and recorded as apercentage recovery. Average recovery of 97% was recorded through themineralised zones (>1 g/t). | ||
| Measures taken to maximisesample recovery and ensurerepresentative nature of thesamples. | All Gold Projects/Prospects RC and AC drillingAC and RC samples were visually checked for recovery, moisture andcontamination. The drilling contractor utilised a cone splitter to provide uniformsample size, and these were cleaned routinely (cleaned at the end of each rodand more frequently in wet conditions). A booster was also used in conjunctionwith the RC drill rig to ensure dry samples are achieved. | |
| All Gold Projects DDThe target mineralised zones are located in competent fresh rock, where the DDmethod provided high recovery. | ||
| Whether a relationship existsbetweensamplerecoveryandgradeandwhethersamplebiasmayhaveoccurred due to preferentialloss/gainoffine/coarse | All Gold Projects/Prospects RC and AC drillingSample recoveries for RC and AC drilling are visually estimated to be medium tohigh. No significant bias is expected in the mineralised zone, although norecovery and grade correlation study was completed.All Gold Projects DD | |
| material. | 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 | Whethercoreandchipsampleshavebeengeologicallyandgeotechnically logged to alevel of detail to supportappropriateMineralResource estimation, miningstudiesandmetallurgicalstudies. | All Gold Projects/Prospects RC and AC drillingLithology, alteration, veining, mineralisation and, on some holes, magneticsusceptibility 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 designatedbuilding at site for future reference.All Gold Projects DDLithology, alteration, veining, mineralisation and geotechnical information werelogged from the DD core and saved in the database. Half cores from everyinterval are also retained in the core trays and stored in a designated building atsite for future reference. |
| Whetherloggingisqualitative or quantitative innature. Core (or costean,channel, etc.) photography. | All logging is qualitative except for magnetic susceptibility and geotechnicalmeasurements. Wet and dry photographs were completed on the core. | |
| Thetotallengthandpercentage of the relevantintersections logged. | All drill holes are logged in full. | |
| Subsamplingtechniquesand samplepreparation | If core, whether cut or sawnand whether quarter, half orall core taken. | Rosemont Gold Project DDCore within the gold mineralised zone was half cut with an almonte diamondcore saw with the same half always sampled and the surplus retained in the coretrays. Core outside the gold mineralised zone in weathered material was chipsample composited to 2 or 4m samples, in fresh rock 25cm half core sampleswere collected each metre and composited to represent 4m samples.All Other Gold Projects DD |
| Core was half cut with an almonte diamond core saw with the same half alwayssampled and the surplus retained in the core trays. |

| Criteria | JORC Code explanation | Commentary |
|---|---|---|
| If non-core, whether riffled,tube sampled, rotary split,etc.and whether sampledwet or dry. | All Gold Projects/Prospects RC and AC drillingRC and AC drilling utilised a cyclone and cone splitter to consistently produce0.5kg to 3.0kg dry samples. | |
| For all sample types, thenature,qualityandappropriatenessofthesamplepreparationtechnique. | Samples are dried, crushed to 10mm, and then pulverised to 85% passing 75µm.This is considered acceptable. | |
| Quality control proceduresadopted for all sub-samplingstagestomaximiserepresentivity of samples. | All Gold Projects AC and RCField duplicates (AC, RC) were taken at the rig every 20th sample to assess therepeatability and variability of the gold mineralisation. Laboratory duplicateswere also completed roughly every 15th sample to assess the repeatability andvariability of the gold mineralisation. | |
| Measures taken to ensurethatthesamplingisrepresentative of the in-situmaterial collected, includingfor instance results for field | Regional Prospects ACField duplicates were taken at the rig from a second chute on the cone splitterallowing for the duplicate and main sample to be the same size and samplingtechnique. Field duplicates are taken every 50th sample. Laboratory duplicates(sample preparation split) were also completed roughly every 15th sample. | |
| duplicate/second-halfsampling. | All Gold Projects DDField duplicates on diamond core, i.e. other half of cut core, have not beenroutinely assayed. | |
| Whether sample sizes areappropriate to the grain sizeofthematerialbeingsampled. | Sample sizes (1.0kg to 3kg) are considered to be a sufficient size to accuratelyrepresent the gold mineralisation based on the mineralisation style (hypogeneassociated with shearing, and supergene enrichment), the width and continuityof the intersections, the sampling methodology, the coarse gold variability andthe assay ranges for the gold. | |
| Field duplicates have routinely been collected to ensure monitoring of the subsampling quality. Acceptable precision and accuracy are noted in the fieldduplicates albeit the precision is marginally acceptable and consistent withcoarse gold deposits. | ||
| Quality ofassay dataandlaboratorytests | Thenature,qualityandappropriatenessoftheassayingandlaboratoryproceduresusedand | All Gold Projects AC and RCAll gold assaying was completed by external commercial laboratories (BureauVeritas) using a 50g charge for fire assay analysis with AAS finish. This techniqueis industry standard for gold and considered appropriate. |
| whether the technique isconsidered partial or total. | All Gold Projects DDAll gold assaying was completed by commercial laboratories (Bureau Veritas)using a 50g charge for fire assay analysis with AAS finish. This technique isindustry standard for gold and considered appropriate. | |
| Regional Prospects ACAll gold assaying was completed by commercial laboratories (Bureau Veritas)using a 50g charge for fire assay analysis for 4m composite AC samples. 1m ACre-samples are assayed by a commercial laboratory (Bureau Veritas) using a 50gcharge for fire assay analysis with AAS finish. | ||
| Forgeophysicaltools,spectrometers,handheldXRF instruments, etc., theparametersusedindeterminingtheanalysis | Apart from magnetic susceptibility in targeted zones, no other geophysicalmeasurements were routinely made. |

| Criteria | JORC Code explanation | Commentary |
|---|---|---|
| including instrument makeand model, reading times,calibrations factors appliedand their derivation, etc | Wireline surveys were conducted on several RC and DD holes at Baneygo,Gloster, and Rosemont. Measurements were taken for: natural gamma,magnetic field, acoustic amplitude and optical image. | |
| Nature of quality control | All Gold Projects AC and RC | |
| proceduresadoptedstandards,duplicates,laboratorychecks)andprecisionhaveestablished. | (e.g.blanks,externalandwhether acceptable levels ofaccuracy (i.e. lack of bias)been | Certified Reference Material (CRM or standards) and blanks were inserted every25th sample to assess the assaying accuracy of the external laboratories. Fieldduplicates (RC, AC) were inserted every 20th sample to assess the repeatabilityfrom the field and variability of the gold mineralisation. Laboratory duplicateswere also completed approximately every 15th sample to assess the precisionof assaying. |
| All Gold Projects DD | ||
| Certified Reference Material (CRM or standards) and blanks were inserted every20th and 25th sample to assess the assaying accuracy of the external laboratories.Field duplicates on diamond core, i.e. other half of cut core, have not beenroutinely assayed. Laboratory duplicates were also completed approximatelyevery 15th sample to assess the precision of assaying. | ||
| Regional Prospects AC and RCCertified Reference Material (CRM or standards) and blanks were inserted every50th sample (samples ending in 25 and 75) to assess the assaying accuracy of theexternal laboratories. Field duplicates were taken every 50th sample (samplesending in 00 and 50) to assess the repeatability from the field and variability ofthe gold mineralisation. Laboratory duplicates (sample preparation split) werealso completed roughly every 15th sample. | ||
| All Sample Results | ||
| Evaluation of both the Regis submitted standards, and the internal laboratoryquality control data, indicates assaying to be accurate and without significantdrift for significant time periods. Excluding obvious errors, the vast majority ofthe CRM assaying report shows no consistent positive or negative overall meanbias. Duplicate assays show high levels of correlation and no apparent biasbetween the duplicate pairs. Field duplicate samples show marginallyacceptable levels of correlation and no relative bias. | ||
| Results of the QAQC sampling were considered acceptable for the gold depositsand regional prospects. Substantial focus has been given to ensuring samplingprocedures met industry best practise to ensure acceptable levels of accuracyand precision were achieved in a coarse gold environment. | ||
| Verificationof samplingandassaying | The verification of significantintersectionsbyeitherindependent or alternativecompany personnel. | No independent personnel have visually inspected the significant intersectionsin RC chips or diamond drill core. Numerous highly qualified and experiencedcompany personnel from exploration and mine production positions havevisually inspected the significant intersections in AC chips, RC chips and diamonddrill core. |
| The use of twinned holes. | No twinning of holes was completed in the current quarter. | |
| Documentation of primarydata, data entry procedures,dataverification,datastorage(physicalandelectronic) protocols. | All geological and field data is entered into Logchief commercial software onlyallowing data to be entered using the Regis geological code system and sampleprotocol. Logchief data is validated and uploaded directly to the Datasheddatabase. | |
| Discuss any adjustment toassay data. | For the purpose of resource estimation any samples not assayed (i.e. destroyedin processing, listed not received) have had the assay value converted to a -9 in |

| Criteria | JORC Code explanation | Commentary |
|---|---|---|
| the database. Any samples assayed below detection limit (0.01 ppm Au) havebeen converted to 0.005 ppm (half detection limit) in the database. | ||
| Location of | Accuracyandqualityof | All Gold Projects |
| data points | surveys used to locate drillholes (collar and down-holesurveys),trenches,mineworkings and other locations | Regis drill hole collar locations were picked up by site-based authorizedsurveyors, or using Trimble RTK GPS, calibrated to a base station (expectedaccuracy of 20mm). |
| used in Mineral Resourceestimation. | Downhole surveying was measured by using either a Reflex EZ-Shot DownholeSurvey Instrument or North Seeking Gyro based tool where magnetic host rockwould affect azimuth readings. | |
| The surveys were completed every 30m down each drill hole. | ||
| Regional Prospects | ||
| Specificationsystem used. | Regis drill hole collar locations were picked up by handheld GPS. Hole azimuthswere measured at the collar using a Suunto sighting compass. | |
| ofthegrid | All Gold Projects | |
| The grid system is AMG Zone 51 (AGD 84) for surveying pickups. Modelling atthe Rosemont, Baneygo and Gloster Area is completed using a local grid, withconversion of digital data from AMG to local completed using GIS Softwaremacros. | ||
| Regional Prospects | ||
| The grid system set in the handheld GPS unit is MGA Zone 51 (GDA 94). Holeazimuths were measured at the collar using a Suunto sighting compass. | ||
| All location data is reported in accordance with DMP reporting guidelines inMGA Zone 51 (GDA 94). Grid conversions are performed in RRLs Datasheddatabase. | ||
| Qualityandadequacyoftopographic control. | The topographic surface for all projects were derived from a combination of theprimary drill hole pickups and the pre-existing photogrammetric contouring. | |
| Data | Data spacing for reporting of | All Gold Projects |
| spacing anddistribution | Exploration Results. | BaneygoThe Baneygo gold deposit was sampled on a nominal 40m north by 40m or 20meast grid spacings |
| Garden WellThe Garden Well gold deposit was sampled on a nominal 20m or 40m east by40m or 80m north grid spacing. | ||
| GlosterThe Gloster gold deposit was sampled on a nominal spacing 30m to 80m apartalong strike. | ||
| Moolart WellThe Moolart Well gold deposit was sampled for metallurgical purposes withsingle RC holes beneath individual pits where reserves were increased. | ||
| Regional Prospects | ||
| Regional Prospects are generally drilled on a broad line spacing 320m to 160mwith drill holes spacing from 80m to 20m depending on the style ofmineralisation and width of target. |

| Criteria | JORC Code explanation | Commentary | |
|---|---|---|---|
| Whether the data spacingand distribution is sufficientto establish the degree ofgeological and gradecontinuity appropriate forthe Mineral Resource andOre Reserve estimationprocedure(s) andclassifications applied. | All Gold ProjectsThe planned data spacing and distribution is sufficient to demonstrate spatialand grade continuity of the mineralised domains to support the definition ofInferred and Indicated Mineral Resources under the 2012 JORC code once allother modifying factors have been addressed. | ||
| Whether samplecompositing has beenapplied. | All Gold ProjectsNo sample compositing has been applied in the field within the mineralisedzones. | ||
| Regional Prospects | |||
| All first pass AC drill samples were collected at 1m samples and composited to4m intervals. | |||
| Orientationof data inrelation togeologicalstructure | Whether the orientation ofsampling achieves unbiasedsamplingofpossiblestructures and the extent towhichthisisknown,considering the deposit type. | Drilling on all projects is orientated to best suit the mineralisation to be closelyperpendicular to both the strike and dip of the mineralisation. Intercepts areclose to true-width in most cases. In the case of Rosemont and the Baneygo Areadrill programs, the orientation of mineralisation is sub vertical, as such thecurrent drilling is designed to assist in refining ore geometry and therefore amore accurate estimate of true thickness. Drill orientation at Rosemont and theBaneygo Area was adjusted as required to facilitate drilling around historicalmine site infrastructure, and in some instances drill holes are at a high angle tothe dip of mineralisation. | |
| If the relationship betweenthe drilling orientation andtheorientationofkeymineralisedstructuresisconsideredtohaveintroduced a sampling bias,this should be assessed andreported if material. | It is not believed that drilling orientation has introduced a sampling bias. | ||
| Samplesecurity | Themeasurestakentoensure sample security. | Samples are securely sealed and stored onsite, until delivery to Perthlaboratories via contract freight Transport. Chain of custody consignment notesand sample submission forms are sent with the samples. Sample submissionforms are also emailed to the laboratory and are used to keep track of thesample batches. | |
| Audits orreviews | The results of any audits orreviewsofsamplingtechniques and data. | No external audits on sampling techniques and data have been completed. |

Section 2 Reporting of Exploration Results
(Criteria listed in the preceding section also apply to this section.)
Section 2 contains relevant data on projects and prospects discussed in the main body text of the December 2019 Quarterly Report, or those included below and considered to be material.
| Criteria | JORC Code explanation | Commentary |
|---|---|---|
| Mineraltenementand landtenurestatus | Type, reference name/number, locationand ownership including agreements ormaterial issues with third parties such asjoint ventures, partnerships, overridingroyalties, native title interests, historicalsites, wilderness or national park andenvironmental settings.The security of the tenure held at the timeofreportingalongwithanyknownimpediments to obtaining a licence tooperate in the area. | RosemontThe Rosemont project is located on M38/237, M38/250 &M38/343.Current registered holders of the tenements are Regis ResourcesLtd & Duketon Resources Pty Ltd (100% subsidiary of RegisResources Ltd). Area = 1683.2ha. Normal Western Australian stateroyalties apply plus there is a 2% Royalty to Franco Nevada. Thereare no registered Native Title Claims.Baneygo AreaM38/344 – Reg Holders, Regis Resources Ltd & Duketon ResourcesPty Ltd; Area 980.45ha; granted 23 April 1993; 2% Franco NevadaRoyalty; no Native Title claims |
| Garden WellThe Garden Well gold deposit is located on M38/1249, M38/1250,M38/283. Current registered holders of the tenements are:M38/1249 Regis Resources Ltd; M38/1250 and M38/283 RegisResources Ltd and Duketon resources Pty Ltd (100% subsidiary ofRegis Resources Ltd); 2% Royalty to Franco Nevada. Area = 2,739ha. Normal Western Australian state royalties apply. There are noregistered Native Title Claims. | ||
| GlosterThe Gloster prospect is located on M38/1268. Current registeredholders are M38/1268 – Regis Resources Ltd; 2% Royalty to WilliamRobert Richmond. Normal Western Australian state royaltiesapply. There are no registered native title claims | ||
| Moolart WellThe Moolart Well Gold deposit is located on M38/498, M38/499,and M38/500. Current registered holders of the tenements areRegis Resources Ltd and Duketon Resources Pty Ltd (100%subsidiary of Regis Resources Ltd);Area = 2,267 ha. Normal Western Australian state royalties applyplus a 2% Royalty to Franco Nevada. There are no registered NativeTitle Claims. |

| Criteria | JORC Code explanation | Commentary |
|---|---|---|
| Explorationdone byother parties | Acknowledgmentandappraisalofexploration by other parties. | Rosemont/Baneygo AreaShallow drilling (less than 100m vertical depth) was completed byAurora, Ashton and Johnsons Well Mining in the 1990's. |
| Garden WellMinor amounts of drilling was completed by Ashton and JohnsonsWell Mining although it was mainly shallow and not extensiveenough to properly define the mineralisation. | ||
| GlosterGloster was discovered in 1902, with no modern exploration workcompleted until Hillmin Gold Mines Pty Ltd and Aurotech NLconducted mapping, RC drilling, DD and RAB in the mid 1980's,culminating in Resource Estimates and feasibility studies. LeaderResources NL, Maiden Gold NL andJohnsons Well Miningconducted RC, DD and RAB drilling in the 1990s to infill and extendthe resource. | ||
| Moolart WellDiscovery drill holes by Normandy in the early 2000s, Resourcedevelopment drilling conducted by Newmont in early 2000s. | ||
| Geology | Deposit type, geological setting and style ofmineralisation. | Rosemont/Baneygo AreaGold is hosted in a steeply east dipping 345° trending quartzdolerite unit intruding an ultramafic sequence. Gold mineralisationisassociatedwithquartz-albite-sericite-carbonate-sulphidealteration and is restricted to the quartz dolerite unit which isgenerally ≈ 80m wide, but does boudinage along strike and widthsvary from a few metres to 120m. Weathering depths vary from 20mto 80m vertical depth. |
| Garden WellGold is hosted in a moderate east to steeply dipping shear zonetrending N-S. Gold mineralisation within ultramafic is associatedwithquartz,fuchsite,sericite,carbonate,sulphides.Goldmineralisation within chert, shale and BIF is associated withbrecciated zones including elevated sulphides and quartz veins. | ||
| GlosterGold is hosted in multiple stacked vein sets dipping shallowly to thenorth east. Host rocks include intermediate volcaniclastic units anddiorite intrusives. Gold mineralisation is associated with quartzcarbonate-sulphide veins with micaceous selvages. | ||
| Moolart WellPrimary gold mineralisation at Moolart Well is associated withmoderately east dipping N-S trending shear zones. The shear zonesare closely related to diorite intrusives and rheology contrastsbetween units within the mine sequence of basalts/sediments,ultramafics, and dolerite sills. | ||
| Drill holeInformation | A summary of all information material totheunderstandingoftheexplorationresultsincludingatabulationofthefollowing information for all Material drillholes: | Drill hole information including collar location and drill direction aredocumented in Appendix 1 and the body of the announcement. |


| Criteria | JORC Code explanation | Commentary |
|---|---|---|
| easting and northing of the drill holecollar | ||
| elevation or RL (Reduced Level–elevation above sea level in metres) ofthe drill hole collar | ||
| dip and azimuth of the hole | ||
| down hole length and interceptiondepth | ||
| hole length. | ||
| If the exclusion of this information isjustified on the basis that the information isnot Material and this exclusion does notdetract from the understanding of thereport,theCompetentPersonshouldclearly explain why this is the case. | ||
| Dataaggregationmethods | In reporting Exploration Results, weightingaveraging techniques, maximum and/orminimum grade truncations (e.g. cutting ofhigh grades) and cut-off grades are usuallyMaterial and should be stated. | Rosemont, Baneygo, Garden Well, GlosterReported intercepts include a minimum of 2.0 g/t Au value over aminimum distance of 0.1m with a maximum 2m consecutiveinternal waste, unless stated otherwise. No upper cuts have beenapplied. |
| Where aggregate intercepts incorporateshort lengths of high-grade results andlonger lengths of low-grade results, theprocedureusedforsuchaggregationshouldbestatedandsometypicalexamples of such aggregations should beshown in detail. | All other Gold Projects and Prospects reported intercepts include aminimum of 0.5 g/t Au value over a minimum distance of 1m with amaximum 2m consecutive internal waste. No upper cuts have beenapplied.Appendix 1 All assay results above 1 g/t gold are reported. | |
| The assumptions used for any reporting ofmetal equivalent values should be clearlystated. | ||
| Relationshipbetweenmineralisation widthsandinterceptlengths | Theserelationshipsareparticularlyimportant in the reporting of ExplorationResults. | RosemontBaneygoThe Baneygo gold deposit was drilled at-55° to -71° to 242° to 261.The mineralised quartz dolerite strikes 344° and is subvertical. Someintercepts reported are close to true width, steep angled holes arenot true width where the mineralisation is sub vertical |
| If the geometry of the mineralisation withrespect to the drill hole angle is known, itsnature should be reported. | ||
| If it is not known and only the down holelengths are reported, there should be aclear statement to this effect (e.g. 'downhole length, true width not known'). | Garden WellThe Garden Well gold deposit was drilled at -57 to -71° towards270° azimuth designed to drill perpendicular to the strike ofmineralisation. The mineralised zone is moderately east dipping,and the intercepts reported are close to true width. | |
| GlosterThe Gloster gold deposit was drilled at -54° to -62° towards 246°designed to drill perpendicular to the strike of mineralisation. Themineralised zone is shallowly north-east dipping. The interceptsreported are close to true width. | ||
| Moolart WellThe Moolart Well gold deposit was drilled at -60° towards 270° anddesigned to drill perpendicular to the strike of mineralisation. The |

| Criteria | JORC Code explanation | Commentary |
|---|---|---|
| mineralized zone is moderately east dipping. The interceptsreported are close to true width. | ||
| RosemontThe Rosemont gold deposit was drilled at -78° to 235° and -70 to072 and designed to intersect the mineralised quartz dolerite atsignificant depths. Intercepts reported intersectedthe quartzdolerite at a moderate 56 degree angle and are not true width. | ||
| Regional ProspectsThe Regional Prospects were drilled at -60° towards varyingazimuths designed to drill as close as possible to perpendicular tothe strike of mineralisation. | ||
| Diagrams | Appropriatemapsandsections(withscales) and tabulations of intercepts shouldbe included for any significant discoverybeing reported These should include, butnot be limited to a plan view of drill holecollar locations and appropriate sectionalviews. | Refer to the body of the announcement. |
| Balancedreporting | Where comprehensive reporting of allExploration Results is not practicable,representative reporting of both low andhigh grades and/or widths should bepracticed to avoid misleading reporting ofExploration Results. | A list of all holes drilled during the quarter and assay results above1 g/t have been reported. Assay results below 1 g/t are notconsidered material and are reported as such. |
| Othersubstantiveexplorationdata | Other exploration data, if meaningful andmaterial, should be reported including (butnot limited to): geological observations;geophysical survey results; geochemicalsurvey results; bulk samples – size andmethod of treatment; metallurgical testresults;bulkdensity,groundwater,geotechnicalandrockcharacteristics;potential deleterious or contaminatingsubstances. | No other material exploration data to report. |
| Further work | The nature and scale of planned furtherwork (e.g. tests for lateral extensions ordepth extensions or large-scale step-outdrilling). | Gold ProjectsInfill drilling will occur where appropriate, and extensional drillingwill be conducted along strike and at depth beneath existingdeposits where gold mineralisation may be of sufficient grade andthickness for underground development. |
| Regional ProspectsDrilling of high priority regional prospects will continue in 2020.Follow up drilling will be conducted where anomalous results areidentified in first pass drill testing. | ||
| Diagrams clearly highlighting the areas ofpossible extensions, including the maingeologicalinterpretationsandfuturedrilling areas, provided this information isnot commercially sensitive. | See diagrams in main text |