REGIS RESOURCES LIMITED — Investor Presentation 2012

Apr 17, 2012

18 April 2012

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ABN 28 009 174 761

Manager Announcements ASX Market Announcements 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

2012 European Gold Forum

Please find attached a presentation being provided to investors at the European Gold Forum by Mark Clark in Zurich, Switzerland on Wednesday 18[th] April 2012.

Yours sincerely Regis Resources Limited

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Kim Massey Company Secretary

BUILDING A QUALITY AUSTRALIAN GOLD BUSINESS

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M A R K C L A R K M A N A G I N G D I R E C T O R A P R I L 2 0 1 2

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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 the Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Morgan Hart is a director and full time employee of Regis Resources Ltd and consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

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CORPORATE OVERVIEW

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Cor orate Information Share Price & Volume
p
ASX Code RRL ASX Code5.004.50 RRL6
5
4.00
3.50
Shares 451m Shares 451m4
3.00
2.50 3
Last price $4.01 Last 2.00price $4.01
2
1.50
1.00
Market capitalisation $1.81bn Market ca0.50 pitalisation $1.76bn1
0.00 0
Listed o tions 9.5m Listed o tions 9.5m
p p
Unlisted o tions 6.3m Unlisted o tions 6.3m
p p
Board of Directors Major shareholders
Mark Clark CEO Newmont 16%
Morgan Hart COO Directors & management 12%
Nick Gior etta Chairman Libra Advisors 4%
g
≈
Mark Okeb & Ross Kestel NED Australian Institutions 20%
y
3
Share Price Volume (Millions)
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BALANCE SHEET

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Cash
Cash & bullion (Dec11) $40.9m
Profit & Cash-flow (Half year ended 31 Dec 11)
NPAT $38.2m
EBITDA $52.0m
Operating cashflow (half yr) $52.3m
Debt
Balance $30m
Further facility available $50m
Gold Hedging (31 Dec 11)
Total (7% of JORC reserves) 185koz
- FF 119koz at $1,401/oz (12koz per quarter 2012-14)
- SD 66koz at $1,524/oz
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DUKETON PROJECT OVERVIEW

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• 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 these reserves and resources in accordance with JORC is set out in Appendix 1 & 2 to this presentation

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ORE RESERVES[1]

		Total		Forecast
				LOM
	MT	g/t	Koz	Opex	Staus
				(A$/oz)2
Garden Well	35.3	1.46	1,660	555	Construction
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
Rosemont	8.7	1.73	487	628	DFS
Total	58.1	1.54	2,870

Note: 1. full breakdown in accordance with JORC in Appendix 1. 2. before royalties

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GOLD PRODUCTION OUTLOOK

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

PROJECT STATUS

• Moolart Well – producing

• Garden Well – under construction, production in Sept 12 qtr

• Rosemont – DFS, target construction late 2012

• Erlistoun – satellite mine due to commence FY2014

Significant organic production growth

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MOOLART WELL
•
Plant commissioned August 2010 Stage Producing
•
Dec11 quarter 26,025oz at A$510/oz [1]
Mine type Open pit
•
Mill throughput >25% above design
Mineralisation Laterite & oxide
•
> 1yr ore supply grade controlled in pit
•
Negligible ongoing capex Plant type Crush, grind, CIL
Reliable, low cost production generating
Throughput 2.5mtpa
strong cash-flow
Average grade 1.4g/t gold
30,000 800
25,000 750 Recovery >92%
700
20,000 650 FY12 production 95 – 105koz
600
15,000 550 FY12 cash cost A$540 – 590/oz [1]
500
10,000
450 Mine life 5 years
400
5,000
350 Ore reserves 520koz [2]
0 300
Dec-10 Mar-11 Jun-11 Sep-11 Dec-11 Mineral resources 2.2Moz [2]
Moolart Well gold production (oz)
Notes
Moolart Well cash cost - pre royalties ($/oz)
1 pre royalty cash cost. 2 full breakdown in Appendix 1 & 2
Australian industry average cash cost (A$/oz) 3. Detail operating stats by quarter for MW in Appendix 3
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Cash cost (A$/oz)
Quarterly Production (ounces)
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MOOLART WELL OPERATIONS

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MOOLART WELL OXIDE ZONE DRILLING

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• 5km of laterite (20m deep) pits

• • Oxide zone between 20-80m below surface: • Oxide resources 577koz[1]

• • Oxide reserves 153koz[1]

• All oxide reserves in southern 1km

• • 70,000m of oxide drill-out ongoing

• • Incremental reserve ounces likely

Goal to keep the Moolart Well mine life at 5-6 years for as long as possible

Note 1 : full breakdown in Appendix 1 & 2

GARDEN WELL

• Virgin discovery by Regis in late 2009

• • 30km south of Moolart Well

• Production to commence in Sept 12 qtr

• $109m capex budget ($70m spent)

• Excellent metallurgical & physical characteristics across ore types

• • Licensed for construction & operations

• • LOM production >200kozpa at A$555/oz cash cost[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	247koz2
FY13 cash cost	A$400/oz12
Mine life	9 years
Ore reserves	1.66Moz3
Mineral resources	2.56Moz3

Notes 1 forecast pre royalty cash cost. 2 DFS forecast 3. Full breakdown in Appendix 1 & 2

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GARDEN WELL CONSTRUCTION

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GARDEN WELL ORE-BODY

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High Grade Intersections 73m at 3.61g/t from 51m 69m at 4.26g/t from 42m 39m at 4.54g/t from 56m 44m at 3.65g/t from 65m 19m at 3.99g/t from 32m 89m at 2.30g/t from 43m 33m at 3.17g/t from 71m

• High grade oxide zone boosts early production

• 45 degree dip of ore-body reduces stripping ratio (current pit 3.3:1)

• Wide zones of mineralisation

• Staged pit development - opportunity for cutback to mine below pit resources

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GARDEN WELL RESOURCE EXTENSION DRILLING

South 1 km North Garden Well gram metre long section with pit design Planned RC/diamond hole

• 2012 drilling programme underway, focussing on:

• Southern high grade zone

• Southern extension

• Targeting:

• Resource increase

• Extension of pit deeper on high grade zone and further to south

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ROSEMONT

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•
9 kilometres north west of Garden Well Stage DFS
•
DFS underway on crush & grind at pit
Mine type Open pit
and pump ore slurry to Garden Well
• Target: Mineralisation Quartz hosted
≈ stockwork
Construction Dec12 qtr A$35m capex
Fund construction from cash flow
Plant type Crush, grind, pump
Production Sept13 qtr - 80kozpa
Throughput 1.5mtpa
Reserve grade 1.73g/t gold
Recovery 95%
LOM production 80kozpa
W:O ratio
5.61 LOM cash cost A$628/oz [1]
Mine life 6 years
Ore reserves 487koz [2]
Mineral resources 1.08Moz [2]
Notes
1 forecast pre royalty cash cost. 2 full breakdown in Appendix 1 & 2
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||||
|---|---|---|
|ERLISTOUN|
|•|
|7 kilometres south of Garden Well|Stage|Mine scheduling|
|•|
|Mining tender in process|
|Mine type|Open pit|
|•|
|Mine in 2014 – 2016|
|Mineralisation|Quartz hosted|
|•|
|Truck to Garden Well plant|
|stockwork|
|•|≈|
|Displace GW ore from mill at|900ktpa|
|Processing|Truck to GW plant|
|for incremental production of 20kozpa|
|≈|
|Mining rate (ore)|900kT pa|
|Reserve grade|2.36g/t gold|
|Recovery|95%|
|LOM production|65kozpa|
|LOM cash cost|A$608/oz|[1]|
|Mine life|3 years|
|Ore reserves|203koz|[2]|
|Mineral resources|321koz|[2]|
|Notes|
|1 forecast pre royalty cash cost. 2 full breakdown in Appendix 1 & 2|
|16|

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SATELLITE RESOURCES

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•
7 kilometres from Garden Well Number of 6
• Mining tender in process of finalisation deposits
• Mine in 2014 – 2016 Mineral resources 316koz [2]
•
Truck to Garden Well plant Stage Resource extension
•
Displace GW ore from mill at 900ktpa for & optimisation
incremental production of 20kozpa
Mine type Open pit
Processing Truck to 3 plants
•
Satellite projects – none more than
15km from a Regis processing plant.
•
Require resource drill outs and pit
optimisation studies.
•
Targeting resource extension and
reserve conversion.
•
Incremental mill feed to three mills in
district.
Notes
1 forecast pre royalty cash cost. 2 full breakdown in Appendix 1 & 2
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EXPLORATION THESIS

Garden Well

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• Moolart Well was a “blind” discovery – no surface anomaly above mineralisation.

• Why? Theory, more recent paleochannel sediment has stripped out anomaly.

• Anomalies remain at channel edges.

• Testing theory led to discovery of 2.6Moz Garden Well.

• Regional application.

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REGIONAL EXPLORATION

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• 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

Excellent scope for further discovery ► value - 3 mills in district

REGIS IN SUMMARY

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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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• Current business generating strong cash-flow

• Organic, fully funded growth to beyond 400koz pa

• Low cash cost, negligible sustaining capex

• ►► Should culminate in exceptional cashflow 2012-14 (& beyond)

• • Significant resource growth and exploration opportunities High quality Australian growth gold business

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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
	Total Reserves	10.5	1.50	505	47.6	1.55	2,365	58.1	1.54	2,870

• Note 1 – all reserves other than Rosemont quoted at 30/6/11. Note 2 - Tonnes and Ounces are rounded, rounding errors may occur.

• MT = million tonnes, g/t = gold grade in grams per tonne, koz = thousands of ounces

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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
	Petra							0.4	3.12	42	0.4	3.12	42	2.00
	Total Satellite Deposits				14.7	1.71	810	9.9	1.83	584	24.6	1.76	1,394
	Total	17.3	1.31	727	81.2	1.28	3,336	85.1	0.89	2,432	183.6	1.10	6,493
	• Note 1–all r Regis share	esources	other th	an Garde	n Well an	d Rosem	ont quote	d at 30/6/	11. Note 2	-Tonnes	and Ounc	es are ro	unded, 6,471	rounding

errors may occur.

22 • MT = million tonnes, g/t = gold grade in grams per tonne, koz = thousands of ounces

APPENDIX 3 MOOLART WELL QUARTERLY OPERATING STATS

		Dec11 Quarter	Sept 11 Quarter	Jun 2011 Quarter	Mar 11 Quarter	Dec 10 Quarter
	Ore mined (tonnes)	621,862	657,919	619,239	598,048	500,663
	Ore milled (tonnes)	644,179	636,812	636,058	580,495	475,296
	Grade(g/t)	1.34	1.40	1.44	1.28	1.68
	Recovery (%)	94	92	89	92	93
	Production(oz)	26,025	26,477	26,189	22,005	23,851
	Cash cost (A$/oz)	510	487	525	545	450
	Cash cost including royalties(A$/oz)	589	554	589	599	514

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