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REGIS RESOURCES LIMITED Investor Presentation 2012

Mar 5, 2012

65733_rns_2012-03-05_c4c52d6e-24f9-4101-adbf-72d1d0473534.pdf

Investor Presentation

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Building a quality gold business

Citi London Conference March 2012 MarkClark ‐ Managing Director

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 achievementsof R i eg s to differ materi ll a y from those expressed or i li d mp e 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 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 beforemaking 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 theAustralasian 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 formand context in which it appears. 2

  • NickGiorgetta Chairman

Mark Clark Managing Director

  • Morgan Hart Operations Director
  • Appointed to RRL board by shareholders in May 2009 Allprevi l ous y exec di t rec ors of E i ld qu goldNL
  • Ross Kestel Non Exec Mark Okeby Non Exec

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4

Duketon Gold Project

Located 350km north‐ north east of Kalgoorlie 100%Regis owned

Duketon Gold Project

387 granted leases 2,030km2 of ground 6.5 Moz resources1 • 2.9 Moz reserves1

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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Note 1 – full breakdown of the reserves in this table in accordance with JORCinAppendix 1 to this presentation

8

Australian Gold Producers - Open Pit Reserves

Source: Euroz Securities

Moolart Well Gold Mine

  • Transported cover of approx 5m.
  • Laterite ore zone averages 4m (max 20m).
  • Oxide mineralisation from base of laterite to base of oxidation(averages 70m). 11

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133koz of production since start‐up inAug 2010

Throughput optimised at 2.5mtpa (design +25%) g p p 5 p ( g 5 )

Forecast 2012: 95‐105koz atA\$540‐590/oz (pre royalties)

Balance Sheet

Cash

  • \$40.9m at 31 Dec 11
  • A\$52.3m operating cash‐flow in H1 2012 Profit
  • \$38.2m NPAT for half year to Dec 2012 Debt
  • Facility of \$60m ‐ drawn to A\$30m
  • \$30m available forGarden Well development Hedging
  • 185koz of hedging (7% of reserves)
  • 119koz atA\$1,401/oz – 12koz/qtr 2012 – 2014
  • 66kozatA / \$1,524/oz – spot df d e erred

Reserve Growth

Goal

Build reserves beyond 3 million ounces

Strategy

  • D th ep and southern st ikr e atG d ar en W ll e
  • MoolartWell oxides
  • Resource conversiondrilling
  • Optimisation of current reserves
  • Prioritise and drill satellite resources
  • Drill new prospects & regional exploration Delivery
  • Not reliant on new discovery

  • 6 regional satellite deposits (excluding MW,GW, Erlistoun&Rosemont)
  • Resources of 315koz 1
  • None more than 15km away from either MWorGW
  • All on granted mining leases
  • Drill outs and reserve studiesplanned
  • I tl ncrementalreserve ounces likely

Note1 – full breakdown of these resources in accordance with JORC is set out inAppendix 2tothis presentation

Current resourceof 577koz1

Current reserve 148koz1 26%conversion to reserve

Only 1km of 5km strike drilled 56% of resource in drilled area converts toreserve

70,000m drillout underway (26,000m completed to date)

Incremental reserve ounces likely

e y18Note 1 – full breakdown of these reserves andresources in accordance with JORC is set out in Appendix 1 & 2 to this presentation

Garden Well Deposit

Drilling Status – Mar 2011

  • Discovery hole Nov 09
  • 438 aircore holes drilled
  • 180 RCholes drilled
  • 44 diamond holes drilled
  • 9 , 0 000 metres drilled
  • Significant results over 1,040m of strike.
  • Mineralistion confirmed to depth of approx 270 + metres andstill open

Garden Well Intersections

Hole From (m) To(m) Intersection
(m)		 Grade (g/t)
GDAC038 60 110 50 2.36
GDAC037 41 92 51 2.78
GDAC036 65 109 44 3.65
GDAC032 71 104 33 3.17
GDAC031 44 64 20 2.90
GDAC024 40 82 42 2.02
GDAC022 32 51 19 3.99
GDAC002 51 124 73 3.61
GDAC005 42 111 69 4.26
GDAC014 46 50 $\overline{4}$ 20.90
GDAC014 89 108 19 4.50
GDAC018 77 97 20 3.80
GDRC013 147 207 60 1.81
GDRC015 56 95 39 4.54
GDRC024 103 131 28 2.60
GDRC032 132 142 10 2.66
GDRC035 43 132 89 2.30
21

Garden Well Cross Section & Pit Design

  • Ore Reserve (March 2011)
  • »35 3Mt at 1 46g/t for 1 66Moz1 35.3Mt1.46g/t1.66Moz
  • »90% of reserve is shallower than 200m
  • »St i i r pp ng ratio 3.33
  • Resource (Nov 2011)
  • »62Mt at 1.29g/t for 2.56Moz1

24

Operations Summary

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Other DFS Results

  • Metallurgical testing complete – excellent results
  • Recoveries >95% in 24hr at course grind of 150µm
  • High gravity gold recovery >54%
  • Lowabrasion index 0.057Ai (g)
  • Low‐mediumbond work index 13.6 kWh/tonne
  • Very soft crushing index 4 9. kWh/tonne

Licensing

  • Mining leases granted
  • Clearing permits granted
  • Works approval issued – construction & tailings dam
  • Mining proposal issued ‐ environmental

Financing

  • Internal funding
  • Construction progress (% complete)
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  • Mine development
  • Open pit mining on schedule 1.5M bcm mined PTD
  • TSF andborefield progressing
  • T t arge compl ti e on
  • Commence

production Sept 12 quarter

Garden Well - 250 Man Camp

CIL tanks complete & top of tanks steel commenced

Primary Crusher concrete complete

Scrubber & mill concrete complete

Ball mill shell arrived on site

Other fixed plant arriving

Garden Well Open Pit Mining

Garden Well Open Pit Mining

Mineralisation open at depth &south

Gram metre plot =i i38 intersection metres xgrade

Focus on:

  • Sout ehrn high grade shoot
  • Southernextension
  • Targ g etin :
  • Resourceincrease
  • Extendpit south and deeper on high grade zone

Rosemont Deposit

Granted mining lease Within 10km ofGWResource: 21.3 MT @ 1.57 g/t for 1.08 Moz Reserve 8.7 MT @ 1.73 g/t for 487,000 oz

Rosemont - Cross Section

Reserve Study Results

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Rosemont significant in its own right

  • Scale of project means all development options canbe considered
  • Early thinking:
  • Crush andgrind at Rosemont
  • Pump ore slurry toGarden Well plant
  • Add2 CIL tanks toGarden Well

Target case:

  • Preliminary capex ‐ \$35m (order of mag)
  • 1.5mtpa at 1.73 g/t for ≈ 80,000 ozpa
  • Start constructionDec12 quarter
  • Start production Sept13 quarter

Exploration

Top RankedTargets

‐ All under 20 to 35m of cover ‐ noprevious drilling

1)Garden Well ) Drilled– major discovery!!

2)Anchor South 10 000m+Aircore4 10,000m+Aircore 8m@ 5.42g/t 9m @ 3.46g/t 12m@ 2.19g/t 3)Gum Well Corridor Soil geochem 4)Garden Well North

3,000m Aircore

Outlook

MoolartWellGold Mine

  • Inproduction ≈100koz pa
  • Lowtechnical risk
  • Strong cashflows
  • GardenWell project
  • Resource2 56Moz1 2.56Moz1
  • Reserve1.66Moz1
  • CommenceSept 12 qtr ≈247koz pa production
  • Rosemont 487koz – expedite development – first gold 2013
  • Organic reserve growth

3Moz oz reserve & growing to >400koz pa prod

51 Note 1 – full breakdown of these reserves &resources in accordance with JORC set out inAppendix 1 & 2

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v
e
s		 ,
,		 ,
,

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

M
ea
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re		 d d
d
In
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te		 fe
d
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To
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ta
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ur
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Pr
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t
g		 l
d
g
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ko
z		 M
T		 /
t
g		 l
d
g
o
ko
z		 M
T		 /
t
g		 l
d
g
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ko
z		 M
T		 /
t
g		 l
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g
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ko
z		 f
f
Cu
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9
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9
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7
7		 0.
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4.
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0
hn
K
ing
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2		 0.
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2		 1.
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d
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sse		 0.
4		 3.
8
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8
4		 5
5		 1.
0
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Ba
ne
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g
o		 0.
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1
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2		 4
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Sa
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De
p
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4.
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7
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1.
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9
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l
To
ta		 1
7.
3		 1.
3
1		 7
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1.
2		 1.
2
8		 3,
3
3
6		 8
5.
1		 0.
8
9		 2,
4
3
2		 1
8
3.
6		 1.
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3
ha
h
Re
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re
g		 6,
4
7
1

Note1 – all resources other thanGardenWell and Rosemont quoted at 30/6/11. Note 2 ‐Tonnes and Ounces arerounded, rounding errors may occur.

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

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