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REGIS RESOURCES LIMITED Investor Presentation 2012

Sep 11, 2012

65733_rns_2012-09-11_00f36e37-0465-4b45-a314-eb46e0651883.pdf

Investor Presentation

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ABN 28 009 174 761

12 September 2012

Manager Announcements Company Announcements Office Australian Securities Exchange Limited Level 4, 20 Bridge Street Sydney NSW 2000

www.regisresources.com

Level 1 1 Alvan Street Subiaco WA 6008 Australia

PO Box 862 Subiaco WA 6904 Australia P 08 9442 2200 F 08 9442 2290

Please find attached a presentation given at the Denver Gold Forum by the Regis Resources Managing Director.

Yours sincerely Regis Resources Ltd

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Kim Massey

Company Secretary

1

BUILDING A QUALITY AUSTRALIAN GOLD BUSINESS

D E N V E R G O L D F O R U M S E P T E M B E R 2 0 1 2

DISCLAIMER & COMPETENT PERSON STATEMENT

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

This presentation contains a number of forward-looking statements. Known and unknown risks and uncertainties, and factors outside of Regis’ control, may cause the actual results, performance and achievements of Regis to differ materially from those expressed or implied in this presentation.

To the maximum extent permitted by law, Regis does not warrant the accuracy, currency or completeness of the information in this presentation, nor the future performance of Regis, and will not be responsible for any loss or damage arising from the use of the information.

The information contained in this presentation is not a substitute for detailed investigation or analysis of any particular issue. Current and potential investors and shareholders should seek independent advice before making any investment decision in regard to Regis or its activities.

The technical information in this presentation has been reviewed and approved by Mr Morgan Hart who is a member of the Australasian Institute of Mining and Metallurgy. Mr Hart has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 edition of the ‘Australasian Code for

PURELY AUSTRALIAN GOLD MINER

• Projects 100% Regis owned • 9.0Moz of resources[1,2] • 2.9Moz of reserves[1] • 2 operating mines • 1 development project • 100kozpa ramping to >400koz • Strong growth pipeline • Exclusively in Australia – low political risk Note 1 – full breakdown of these reserves and resources in accordance with JORC is set out in Appendix 1 & 2 to this presentation Note 2 – Includes McPhillamys - acquisition announced 9/8/12 – subject to completion. 2.5Moz resource included

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CORPORATE OVERVIEW
Cor orate Information Share Price & Volume
p
ASX Code RRL ASX Code RRL
Shares 454m Shares 451m
Last price $4.90 Last price $4.01
Market capitalisation $2.2bn Market capitalisation $1.76bn
Listed options 6.9m Listed options 9.5m
Unlisted options 7m Unlisted options 6.3m
Board of Directors Major shareholders
Mark Clark CEO Newmont 16%
Morgan Hart COO Directors & management 12%
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BALANCE SHEET Cash Cash & bullion (Jun12) $9.7m Profit & Cash-flow (Year ended 30 June 2012) Profit before Tax $74.8m NPAT $68.2m Operating cashflow (full year 30/6/12) $102.2m Debt Balance $30m Further facility available $50m Gold Hed in Jun 12 g g ( )

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Total (7% of JORC reserves) 163koz
- FF 118koz at $1,401/oz (12koz per quarter 2012-14)
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DUKETON PROJECT OVERVIEW

  • 350km north-north east of Kalgoorlie

  • • 100% Regis owned

  • • 303 granted leases

  • • 1,570 km[2 ] of ground

  • • 6.5Moz of resources[1]

  • • 2.9Moz of reserves[1]

Note 1 – full breakdown of

ORE RESERVES1 ORE RESERVES1 ORE RESERVES1 ORE RESERVES1 ORE RESERVES1
Total Forecast
LOM
MT g/t Koz Opex Status
(A$/oz)2
Garden Well 35.3 1.46 1,660 555 Operating
Moolart Well
- Laterites 8.8 1.30 367 Operating
- Oxide 2.6 1.82 153 Operating
MW Total 11.4 1.42 520 550
Erlistoun 2.7 2.36 203 608 Mine plan
Note: 1.full breakdo
Rosemont
Total
7
wn in a ccordance with
8.7
58.1
JORC in Appe
1.73
1.54
ndix 1. 2. bef
487
2,870
ore royalties
628
DFS

GOLD PRODUCTION OUTLOOK

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500
400
300
200
100
-
2011/12 2012/13 2013/14 2014/15 2015/16
Moolart Well Garden Well Erlistoun - GW displaced tonnes Erlistoun - extra grade Rosemont
Thousands
Gold Production (ounces)
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PROJECT STATUS

  • Moolart Well – producing

MOOLART MOOLART WELL




Plant commissioned August 2010
Jun12 quarter 26,228oz at A$532/oz1
Mill throughput >25% above design
> 1yr ore supply grade controlled in pit
Negligible ongoing capex
Stage
Mine type
Mineralisation
Plant type
Producing
Open pit
Laterite & oxide
Crush, grind, CIL
Reliable, low cost production generating
strong cash-flow
Throughput
Average grade
2.5mtpa
1.4g/t gold
Quarterly Production (ounces) 300
400
500
600
700
800
900
0
5,000
10,000
15,000
20,000
25,000
30,000
Mar-11
Jun-11
Sep-11
Dec-11
Mar-12
Jun-12
Moolart Well gold production (oz)
Cash cost (A$/oz) Recovery
FY13 production
FY13 cash cost
Mine life
Ore reserves
Mineral resources
>92%
95 – 105koz
A$540 – 590/oz1
5 years
520koz2
2.2Moz2

MOOLART WELL OPERATIONS

GARDEN WELL

  • Virgin discovery by Regis in late 2009

  • • 30km south of Moolart Well

  • Capex completed in line with $109m budget

  • Production commenced in Sept 12

  • Early indications – throughput will exceed design

  • • Excellent metallurgical & physical characteristics across ore types

  • 2013 guidance 220-240koz at $400-450/oz[1]

  • • LOM production >200kozpa at A$555/oz[1]

Major gold discovery moving to long term, low cost gold mine

Stage Construction
Mine type Open pit
Mineralisation Mixed ultramafic-
sediment shear
Plant type Crush, grind, CIL
Throughput 4mtpa nameplate
Reserve grade 1.46g/t gold
Recovery 95%2
FY13 production 220-240koz2
FY13 cash cost A$400-450/oz12
Mine life 9 years

GARDEN WELL

RESOURCE EXTENSION DRILLING

ROSEMONT ROSEMONT

9 kilometres north west of Garden Well

DFS underway on crush & grind at pit and
pump ore slurry to Garden Well . Target:
Stage
Mine type
DFS
Open pit
Construction Dec12 qtr ≈ A$40m capex Mineralisation Quartz hosted
Production Sept13 qtr - 80kozpa

Strong exploration results north of pit –
resource and reserve recalcs pending.
Plant type
Throughput
stockwork
Crush, grind, pump
1.5mtpa
Reserve grade 1.73g/t gold
Recovery 95%
W:O ratio
5.61
LOM production
LOM cash cost
80kozpa
A$628/oz1
Mine life 6 years
13 Ore reserves
Mineral resources
Notes
1 forecast pre royalty cash cost.
487koz2
1.08Moz2
2 full breakdown in Appendix 1 & 2

REGIONAL EXPLORATION

  • Testing theory regionally

  • Targeting areas:

  • Max 30m of paleochannel cover

  • • No previous effective drilling

  • Numerous drill targets.

  • Recent results at Anchor South:

  • 8m @ 5,42g/t

  • 9m @ 3.46g/t

  • 12m @ 2.19g/t

  • 2012 regional drilling budget 90,000 metres / $5 million

MCPHILLAMYS GOLD PROJECT

  • Acquisition announced 9/8/12 – subject to completion

  • • 250km west of Sydney

  • • 35km from each of Orange & Bathurst

  • • 3 granted leases

  • • 420 km[2 ] of ELs

  • • Project covered by freehold farmland (some to be acquired by Regis)

TRANSACTION SUMMARY

  • Purchase price $150 million ($60/resource oz) • Newmont 51% - $76.5m

  • • Alkane 49% - $73.5m

  • Consideration all Regis shares at 45 day VWAP of $4.20 • Newmont 18.2m shares (3.7%, 15.2%→18.9%)

  • • Alkane 17.5m shares (3.6%)

  • Conditions precedent:

  • Ministerial approvals

  • Formal legal documentation

  • FIRB approval of share issue to NEM

GOLD RESOURCES[1]

Resource Tonnes Gold Ounces Category (millions) Grade (000’s) (g/t) Indicated 41.3 1.27 1,685 Inferred 16.1 1.57 815 Total 57.4 1.36 2,500

GEOLOGY & RESOURCE

  • Resource hosted in dacite rich volcanaclastics

  • Mineralisation defined to > 600m below surface

  • Past drilling mainly focussed on defining a bulk underground position – not successful

  • Less drilling aimed at defining near surface open cut resources – Regis opportunity

  • Drill density averages 100m x 100m

METALLURGY

  • Deposit is partially poly-metallic with zones of Cu, Hg and gold tellurides.

  • Sulphides and tellurides impact gold recovery.

  • Early stage testwork confirms:

  • 85% recovery in medium to course grind

  • High gravity gold – average 36% (P80 of 150µm)

  • Bond work index 13.3kWh/t - medium-low

  • Further testwork and finer grind studies required

INFRASTRUCTURE

  • Close to roads:

  • Mitchell Hwy 5km & Mid Western Hwy 1.5km

  • Rail – 8km from intermodal terminal on main east west rail thoroughfare Sydney-Perth

  • Power – range of transmission lines running through & close to project

  • Skilled mining labour in Orange and Bathurst

  • Water – is an issue in NSW,

TARGET DEVELOPMENT TIMELINE TARGET DEVELOPMENT TIMELINE TARGET DEVELOPMENT TIMELINE TARGET DEVELOPMENT TIMELINE TARGET DEVELOPMENT TIMELINE TARGET DEVELOPMENT TIMELINE
2013 2014 2015 2016 2017
Resource drill-out and
reserve estimation
Pre-feasibility studies
& other logistics
DFS
Construction &
development
21 Gold production

TARGET PROJECT

  • Open pit mining

  • Carbon in Leach processing (as per Duketon)

  • Circa 4 million tonnes per annum plant

  • 140 – 160kozpa gold production over a minimum 10 year mine life

  • Target capex – Regis norm +/- 15%

  • Target 2[nd] quartile cash costs

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REGIS IN SUMMARY
500
400
300
200
100
-
2011/12 2012/13 2013/14 2014/15 2015/16
No allowance for production from McPhillamys
Moolart Well Garden Well Erlistoun - GW displaced tonnes Erlistoun - extra grade Rosemont
Thousands
Gold Production (ounces)
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  • Current business generating strong cash-flow

  • Organic, fully funded growth to beyond 400koz pa

  • Low cash cost, negligible sustaining capex

APPENDIX 1 JORC RESERVES 30 JUNE 2011

Project Proven Proven Proven Probable Probable Probable Total Total Total Cut‐off
Grade
g/t
MT grade
g/t

gold
koz
MT grade
g/t

gold
koz
MT grade
g/t

gold
koz
Garden Well 35.3 1.46 1,660 35.3 1.46 1,660 0.60
Moolart Well
Laterite 7.8 1.31 335 1.0 1.00 32 8.8 1.30 367 0.50
Oxide 1.4 1.64 75 1.2 2.02 78 2.6 1.82 153 0.50
Total Moolart
Well
9.2 1.39 410 2.2 1.56 110 11.4 1.42 520
Erlistoun 1.3 2.34 95 1.4 2.37 108 2.7 2.36 203 0.70
Rosemont 8.7 1.73 487 8.7 1.73 487 0.50

APPENDIX 2 JORC RESOURCES 30 JUNE 2011

Project Measured Measured Measured Indicated Indicated Indicated Inferred Inferred Inferred Total Resources Total Resources Total Resources Cut‐
off
Grade
g/t
MT g/t gold
koz

MT
g/t gold
koz

MT
g/t gold
koz

MT
g/t gold
koz
Moolart Well
Laterite 9.8 1.45 459 1.0 0.90 29 0.3 0.88 8 11.1 1.39 496 0.50
Oxide 1.2 1.85 71 3.9 1.52 192 6.7 1.45 314 11.9 1.51 577 0.50
Sulphide 2.4 1.37 108 2.4 1.37 108 1.00
Low Grade 4.0 0.42 54 13.9 0.47 212 48.5 0.50 774 66.4 0.49 1040 0.3
Total Moolart Well 15.0 1.21 584 18.8 0.72 433 58.0 0.65 1,204 91.8 0.75 2,220
Garden Well 44.7 1.33 1,914 17.2 1.2 644 61.9 1.29 2,558 0.50
Erlistoun 2.3 1.92 143 3.0 1.88 179 5.3 1.90 321 0.50
Satellite Deposits
Dogbolter 0.9 2.91 87 0.9 2.91 87 1.00
Rosemont 14.6 1.68 793 6.7 1.3 285 21.3 1.57 1,078 0.50
KingJohn 0.7 3.18 72 0.7 3.18 72 1.00
Russells Find 0.4 3.84 55 0.4 3.84 55 1.00
Baneygo 0.8 1.70 43 0.8 1.70 43 0.50
Reichelts Find 0.1 3.69 17 0.1 3.69 17 1.00

APPENDIX 3 MOOLART WELL QUARTERLY OPERATING STATS

Dec11
Quarter
Sept 11
Quarter
Dec 2011
Quarter
Mar 12
Quarter
Jun 12
Quarter
Ore mined
(tonnes)
621,862 657,919 619,239 598,048 655,101
Ore milled
(tonnes)
644,179 636,812 636,058 580,495 636,114
Grade(g/t) 1.34 1.40 1.44 1.28 1.39
Recovery(%) 94 92 89 92 92
Production(oz) 26,025 26,477 26,189 22,005 26,228
Cash cost
(A$/oz)
510 487 525 545 532