Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

REGIS RESOURCES LIMITED Interim / Quarterly Report 2020

Jan 21, 2020

65733_rns_2020-01-21_fd2830c3-2686-4051-b6ac-9288ddb9d1d7.pdf

Interim / Quarterly Report

Open in viewer

Opens in your device viewer

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 [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