REGIS RESOURCES LIMITED — Investor Presentation 2016

Nov 17, 2016

11

REGIS RESOURCES LTD

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ANNUAL GENERAL MEETING 18 NOVEMBER 2016

22

DISCLAIMER & COMPETENT PERSONS 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 information in this presentation that relates to Exploration Results is extracted from the ASX announcement released 14 October 2016 entitled “Quarterly Report to 30 September 2016” and for which Competent Person’s consents were obtained. 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place for subsequent releases by the Company of the same information in the same form and context, until the consent is withdrawn or replaced by a subsequent report and accompanying consent.

The information in this presentation that relates to Mineral Resources or Ore Reserves is extracted from the Mineral Resource and Ore Reserve Statement released to the Australian Securities Exchange on 7 July 2016 and the ASX announcement released on 29 July 2016 entitled “Maiden Resource of 547,000 Ounces at Tooheys Well” and for which Competent Person’s consents were obtained. 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.

The Company confirms that it is not aware of any new information or data that materially affects the information included in the original ASX announcements released on 7 July 2016, 29 July 2016 and 14 October 2016 and, in the case of estimates or Mineral Resources or Ore Reserves, that all material assumptions and technical parameters underpinning the estimates in the original ASX announcements continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original ASX announcement.

ASX announcements are available on the Company’s website at www.regisresources.com.au

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33

CORPORATE

CAPITAL STRUCTURE

APITAL STRUCTURE
Shares on issue	500m
Last price	$2.83
Market capitalisation	A$1,487m
Daily turnover (no. shares)	7m
Unlisted options	11.5m

BOARD & MANAGEMENT

Mark Clark Executive Chairman & CEO Paul Thomas Executive Director & COO Mark Okeby Non Executive Deputy Chairman Ross Kestel Non Executive Director James Mactier Non Executive Director

OPERATIONS SNAPSHOT

Duketon operations (WA) 10Mtpa for >300kozpa McPhillamys project (NSW) 2.2Moz resource Resources (total) 8.6Moz Reserves 2.1Moz

FINANCIALS

Cash & bullion (30 Sept 16) $101m Q1FY17 Cashflow from ops $60m 2015 Dividend 6cps ($30m paid Oct15) 2016 Interim div 4cps ($20m paid Feb16) 2016 Final div 9cps ($45m paid Aug16)

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SHARE PRICE & VOLUME
4.5 30
4
25
3.5
3 20
2.5
15
2
1.5 10
1
5
0.5
0 0
SHARE PRICE A$) vOLUME (Millions)
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44

GOLD PRICE

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ONE YEAR GOLD PRICE PERFORMANCE
1,900
AUD$ GOLD PRICE UP 6% TO $1,613
1,800
1,700
1,600
1,500
USD$ GOLD PRICE UP 12% TO $1,218
1,400
1,300
1,200
1,100
1,000
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55

IRRESPECTIVE OF GOLD PRICE - CONTROL THE THINGS WE CAN

OUTSIDE OF OUR CONTROL

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WITHIN OUR CONTROL

• Increase gold production over the medium term

• Maintain low costs relative to industry peer group

• Grow reserves through exploration and generate a development pipeline

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66

OPERATIONS OUTLOOK

2017 – 2019 DUKETON PROJECT PRODUCTION GUIDANCE & TARGETS

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380,000
370,000
360,000 350,000 2019
TARGET
340,000 2018
330,000 340,000
TARGET
320,000 2017
320,000
GUIDANCE
300,000
2016 300,000
ACTUAL
280,000
305,084
260,000
240,000
220,000
200,000
2016 2017 2018 2019
Organic growth at Duketon to deliver increasing production profile over medium term
GOLD PRODUCTION (OUNCES)
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Midpoint of cumulative 2017-2019 production guidance/target range is based on 98% Probable Ore Reserves and 2% Inferred Mineral Resources (IMR). No Exploration Targets included.

Cautionary statement: there is a low level of geological confidence associated with IMR and there is no certainty that further exploration work will result in the determination of Indicated Mineral Resources or that the production target itself will be realised.

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MACQUARIE RESEARCH GLOBAL GOLD COVERAGE 77 AISC COST CURVE

FY2016 ALL IN SUSTAINING COSTS (US$/OUNCE)

1,400 1,300

1,200

1,100

1,000

900

800

700

600 500

400

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Source: Macquarie Research note “Australian Gold Miners” 12 September 2016

MACQUARIE RESEARCH GLOBAL GOLD COVERAGE 88 FORECAST EX AISC 2017 CAPEX COST CURVE

FORECAST FY2017 CAPEX SPEND (US$/OUNCE)

1,000 900 800

700

600 500

400 300

200 100

0

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Source: Macquarie Research note “Australian Gold Miners” 12 September 2016

99

DUKETON RESERVE GROWTH

RESERVES INCREASE TO 2.13Moz – MORE THAN REPLACING FY16 PRODUCTION

		Total Ore Reserve	Total Ore Reserve
	Tonnes	Gold Grade	Gold Metal
	(Mt)	(g/t)	(koz)
31 March 2015	59.1	1.06	2,006
Depleted by Mining to 31/3/16	-10.6	0.96	-326
31 March 2015 Net of Depletion	48.5	1.08	1,680
31 March 2016	60.8	1.09	2,125
Increase net of Depletion	+21%		+22%

445,000 ounce (22%) increase in Ore Reserves in FY2016 net of depletion:

• Maiden Ore Reserves of 226,000 ounces at Gloster and 136,000 ounces at Baneygo;

• Addition of 81,000 ounces at Rosemont through extensional drilling and improved optimisations; and

• Addition of 27,000 ounces at Moolart Well through infill drilling.

Tooheys Well discovery to progress through resource & reserve estimation in FY2017

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Full breakdown of JORC compliant Ore Reserves is included in Appendix 1

10 10

DUKETON EXPLORATION

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DUKETON KEEPS GIVING

• Huge exploration effort in FY16:

• 155,000 metres drilled

• 20 projects

• ≈$15m spend

• Delivering big rewards:

• +1.4Moz resources added/upgraded

  • Gloster, Baneygo & TW

• +400Koz reserves added

  • Gloster, Baneygo & Ops

• Large tenure position

• Proximity to 10mtpa mill capacity

• Known gold hosting structures

• Shallow & poorly tested

• Strong extensions expected to continue

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1111

TOOHEYS WELL

ORGANIC GROWTH CONTINUES – 547,000 OUNCE MAIDEN RESOURCE

	Tonnes	Gold Grade	Gold Metal
	(Mt)	(g/t)	(koz)
Tooheys Well Inferred Mineral Resource
at 0.4g/t lower cut	14.6	1.16	547

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Further details on maiden Tooheys Well Inferred Resource can be found in ASX announcement of 29 July 2016

1212

TOOHEYS WELL

ORGANIC GROWTH CONTINUES – 547,000 OUNCE MAIDEN RESOURCE

	Tonnes	Gold Grade	Gold Metal
	(Mt)	(g/t)	(koz)
Tooheys Well Inferred Mineral Resource
at 0.4g/t lower cut	14.6	1.16	547

• Resource above 1.0g/t cut-off is 6.7Mt at 1.77g/t for 379,000 ounces – 70% of quoted resource  Indicative of the regular, wide intercepts of high grade mineralisation

• Only 2.5km south of 5mtpa Garden Well processing plant and on a granted mining lease

• Clearly a compelling substantial, high grade mill feed satellite project opportunity for GW

• Infill drilling underway to update resource and form basis of Reserve estimation later in 2016

• Tooheys Well shear zone extends 2kms north and 1km south and is poorly explored

• Prospective geology currently being drilled to north and south

• Broader Garden Well shear zone extends 30km north of GW and 10km south

• Application of exploration methodology to broader package where the bulk of historic drilling is ineffective (<50m hole depths)

• Less than $6 per resource ounce discovery cost

• Cheapest growth option is in our own back yard

Tooheys Well maiden resource is confirmation of the value creation proposition presented by Regis’ targeted and aggressive organic growth strategy at Duketon

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Further details on maiden Tooheys Well Inferred Resource can be found in ASX announcement of 29 July 2016

13 13

TOOHEYS WELL GOLD PROSPECT

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DRILLING CROSS SECTION 6909340mN

• Steep E dipping high grade gold shear

• Chert BIF and shale host rocks

• Weathered 80-160m

• Significant intercepts

• 39m @ 2.86g/t from 53m

• 17m @1.90g/t from 95m

• 27m @ 2.48g/t from 55m

• 50m @ 2.75g/t from 85m

• 53m @ 1.72g/t from 245m

• 34m @ 1.45g/t from 203m

• 17m @ 1.92g/t from 155m

• Fresh rock intersections  Good widths of mineralisation at depth

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14 14

EXPLORATION UPSIDE TOOHEYS WELL-GARDEN WELL CORRIDOR

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UNTESTED POTENTIAL NORTH & SOUTH OF TOOHEYS WELL

North

• TW structure interpreted to join gold shear zones at Chert Ridge (GW) 2.5km north.

• Early drilling encouraging:

• 15m @1.15g/t & 25m @ 1.41g/t

• Drilling planned for Q2

• 4 lines, 320m strike, 22 holes +3,000m

South

• TW mineralisation located on the northern flank of a >1km long magnetic high

• Southern half of MAG high under cover and poorly drilled

• Q1 - 9 holes (1,264m) 300m south of TW

• EM survey in Q2 to help refine model & locate pyrrhotite host unit within BIF

• Follow with better targeted drilling in Q3

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1515

REGIS RESOURCES LTD

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PAUL THOMAS

CHIEF OPERATING OFFICER

1616

REVIEW OF FY2016 OPERATIONS

PRODUCTION ABOVE GUIDANCE & DELIVERING STRONG CASHFLOW

	FY16	FY15	OPERATIONS
Ore mined (Mbcm)	4.63	4.65	FY16 production 305,084 ounces Slightly lower (2%) than FY15 due to lower
Waste mined (Mbcm)	22.62	23.70	scheduled grade, particularly at Moolart Well
Stripping ratio (w:o)	4.89	5.10	Above upper end of FY16 guidance of 275-305koz
Ore mined (Mtonnes)	10.79	11.07	COSTS FY16 cash costs $773/oz & AISC $927/oz
Ore milled (Mtonnes)	10.25	9.84	Both 6% lower than FY15 - cost efficiencies continue
Head grade (g/t)	1.03	1.11	Below lower end of FY16 guidance
Recovery (%)	90	88	OPERATING CASH-FLOW
Gold production (ounces ‘000)	305	310	FY16 operating cashflow $233.4m (FY15: $150.9m)
Cash cost (A$/oz)	773	826
Cash cost inc royalty (A$/oz)	845	891
All in Sustaining Cost (A$/oz)1	927	994

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1 AISC calculated on a per ounce of production basis. 2 Operating cash flow is quoted under the Appendix 5B classification protocol and as such does not include payments for pre-strip and deferred mining costs as these are classified as investing activities.

1717

OPERATIONS OUTLOOK

FY2017 GUIDANCE

• Gold production 300,000 – 330,000 ounces

• Cash costs $840 – $910 per ounce

• AISC $980 – $1,050 per ounce

• Growth Capex: $27m

Major components of growth capital:

• Gloster pre-production capital $7m

• Erlistoun pre-production capital $2m

• • Erlistoun pre-production mining $7m

• Rosemont expansion mine cutback $7m

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• FY17 production guidance higher than FY16 range of 275-305koz and FY2016 actual of 305koz

• Impact of positive grade impact of new operations

• Optimisation to steady state of current operations

• FY17 AISC guidance consistent with FY16 range of A$970-A$1,070

• Guidance range slightly higher than FY16 actual A$927/oz due to early waste stripping requirements of start up operations Gloster and Erlistoun.

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GLOSTER GOLD PROJECT FAMOUS BLUE GEOLOGY

MOVING TOWARDS PRODUCTION

• Simple low strip open cut mining and road haulage operation

• Low startup capex - $7m in FY2017.

• More than 3 years additional mill feed to the Moolart Well processing plant

• Expected to contribute approx. 50koz of production in FY2017

• AISC in FY17 < $1,000/oz

• All statutory approvals for development in place

• Road construction, MW camp expansion and haulage laydown complete

• Mining underway and first pass grade control drilling completed

• Ore stockpiling and haulage to Moolart Well processing plant commenced

• Production in Q2

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Ore haulage road construction underway
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1919

EXPLORATION

SIGNIFICANT RESULTS AT DUKETON IN SEPT16Q Completed 51,268m (Q4: 37,179m) of drilling on 12 gold projects

• Tooheys Well – 2.5km S of Garden Well

• RC drilling continues to return high grades

• EM survey & extensional drilling in Q2

• Rosemont South

• Strong intercepts outside current reserves

• Opportunity to add O/P & U/G inventory

• Drilling continuing (6,000m)

• Rosemont Main

• 14,000m programme underway to test U/G targets below pit design

• Gloster – 26km W of Moolart Well

• Extensional 10m @ 3.95g/t to follow up Q2

• DGE JV

• 19,000m drilled & follow up on drilling & lag soil anomalies

Proximity to 10mtpa milling infrastructure presents excellent exploration opportunity

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20 20

ROSEMONT SOUTH PROJECT

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POTENTIAL FOR OPEN PIT & UNDERGROUND MINING INVENTORY EXTENSION

• Testing high grade shoots 50-300m below surface over 500m strike, some outside reserves

• Drilled 47 holes for 4,643m in Q1

• Significant results pointing to both open pit and underground opportunities

• 10 holes (2,000m) remaining in phase 1 programme then 12 holes for 4,000m in phase 2

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21 21

ROSEMONT SOUTH PROJECT

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DRILL RESULTS IN Q1

• Gold hosted in a steeply east dipping 345° trending quartz-dolerite unit

• Gold mineralised quartz-dolerite unit is approx 80m wide.

 Q1 Results

• 10m @ 30.11g/t Au from 48m

• 4m @ 7.72g/t Au from 52m

• 2m @ 18.48g/t Au from 74m

• 13m @ 2.61g/t Au from 126m

• 17m @ 4.41g/t Au from 153m

• 29m @ 3.81g/t Au from 175m , including: *

• • 5m @ 8.54g/t Au from 175m *

• • 6m @ 4.95g/t Au from 188m *

• • 3m @ 6.92g/t Au from 201m

• 9m @ 3.60g/t Au from 107m

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• Intercept is outside current reserves

22 22

ROSEMONT - UNDERGROUND

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3D long section from south east showing planned Rosemont South & Main drilling, phase 1 and 2

DRILLING UNDERWAY TO TEST UNDERGROUND POTENTIAL BELOW ROSEMONT MAIN PIT

 Numerous high grade exploration and resource-def intercepts below RMT pit design  Good understanding of orientation and control of high grade zones in mining grade control  Drilling from within pit - shorten holes and can use RC rather than DD – save time & $$  62 hole programme for ≈ 14,000m underway

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2323

REGIS RESOURCES LTD

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KIM MASSEY

CHIEF FINANCIAL OFFICER

2424

2016 FINANCIAL HIGHLIGHTS

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NPAT up 29% to
$112 million
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Revenue up 8%
to $502 million
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EBITDA up 29%
to $234 million
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Net cash and
bullion increased
by $78 million
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Full year
dividend of 13
cents per share
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2525

STRONG PERFORMANCE ON ALL PROFIT MEASURES

Revenue

Net Profit After Tax

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600 120 112
502
465
500 100 87
372
400 80
55
300 60
200 40
100 20
0 0
2014 2015 2016 2014 2015 2016
EBITDA Earnings & Dividend Per
30
234
250 50%
Share 22.4
181
200 46.7% 20 17.4
141 45%
150
13
11.0
100
40% 10
39.0% 6
50 37.9%
0 35% 0
0
2014 2015 2016
2014 2015 2016
EBITDA EBITDA Margin (%) EPS Dividend per share
$ MILLIONS $ MILLIONS
$ MILLIONS
EBITDA/REVENUE (%) CENTS PER SHARE
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FY2014 NPAT, EBITDA & EPS adjusted to underlying result by excluding $202.7m after tax impairment charge

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2626

STRONG OPERATING MARGIN

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Operating Margin
$1,600/oz
$1,200/oz
$800/oz
$400/oz
$0/oz
Jun 15 Sep-15 Dec-15 Mar-16 Jun-16 Sep-16
Cash cost after royalty AISC gold price hedge price
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• Growing operating margin from disciplined cost control and increasing AUD gold price.

• Renegotiation of mining contract and hedging of diesel.

 Over 12 months of gold hedging available to maintain operating margin.

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2727

CASHFLOW WATERFALL

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-
Cash & Gold on Hand Movements FY2016
$350m
$233.4m [1] ($50.0m)
$300m
($35.2m)
$250m
($20.0m)
$200m ($18.1m)
($21.3m)
($22.9m)
$150m
($1.8m) ($5.2m) $123.3m
$100m
$64.5m
$50m
-
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Strong cash-flow from operations of $233.4m for FY2016 allowed full debt repayment ($20m) and dividend payment ($50m).

1 Operating cash flow differs from the statutory Statement of Cash Flow “net cash from operating activities” as it is quoted under the Appendix 5B classification protocol and includes movement in gold bullion on hand.

2828

DIVIDEND

2016

• Final dividend declared

   - **9 cents per share fully franked** ($45 million) Paid 31 August 2016
  

• Interim dividend 4 cps fully franked ($20m paid February 2016)

• Full year (13cps) payout key metrics:

• 13% of FY16 revenue

• 3.2% basic dividend yield*

• 4.6% grossed up (for 100% franking) dividend yield*

  • Based on share price of $4.03

COMMITMENT TO DIVIDENDS

• Regis has paid 34 cps - $170 million in dividends since 2013

• Regis is an Australian gold industry leader on dividend payment metrics

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2929

REGIS RESOURCES LTD

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MARK CLARK EXECUTIVE CHAIRMAN

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3030
McPHILLAMYS (NSW)
WWTW
Bathurst
McPhillamys Gold Project
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3131 McPHILLAMYS (NSW)

INFILL DRILLING UNDERWAY FOR PFS

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• Located Central-West NSW

• Well established gold mining district

• Cadia, Cowal, Northparkes +45Moz*

• Gold resource 2.2Moz - 100% Regis

• Conceptual studies show viable project

• Infill Drilling Underway

• 25,000m ($3m) infill drill programme

• 2 diamond rigs working & 1 RC to follow

• Weather hampered Q1 drilling

• 5-6 month programme

• Reduce drill pattern to 50x25m (nominal)

• Basis for resource update & ultimately reserve estimate

• DD core for metallurgical studies

• Moving towards PFS

• Focus on securing key infrastructure

• Advancing other long lead PFS/EIS works

• Medium term development proposition

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• Recent quoted resources from public information

3232

REGIS TARGETS & OUTLOOK

2016 Goals 2016 Actual Production 275-305koz Production 305.1koz FY17 guidance 300,000 – 330,000 ounces Medium term production targets rising AISC $970-1,050/oz AISC $927/oz Operating cashflow $150m Operating cashflow $233.4m Organic reserve growth Added 445koz (+22% net of depletion) More than replacing production Exploration-resource pipeline Most recently +547koz resource at Tooheys Well Infill drilling underway & maiden Reserve pending Drilling TW for extensions & other shear zones Regional Duketon acquisitions Bought Gloster for $1.5m + royalty Now mining – reserve 226koz @ AISC c$1,000/oz Commitment to dividends $95m dividends paid & declared Industry leading yield McPhillamys development Progress made on infrastructure but not bolted Progressing to PFS - $3m of works approved Regis is very well positioned to continue growth and shareholder returns

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3333

APPENDIX 1 JORC COMPLIANT ORE RESERVE ESTIMATES 31 MARCH 2016

Group Ore Reserves

as at 31 March 2016

Gold	Gold	Gold	Proved	Proved	Proved	Probable	Probable	Probable	Total Ore Reserve	Total Ore Reserve	Total Ore Reserve	Competent Person3
Project	Type	Cut-Off (g/t)2	Tonnes (Mt)	Gold Grade (g/t)	Gold Metal (koz)	Tonnes (Mt)	Gold Grade (g/t)	Gold Metal (koz)	Tonnes (Mt)	Gold Grade (g/t)	Gold Metal (koz)
Moolart Well1	Open-Pit	> 0.4	1.6	0.77	39	3.3	1.00	105	4.8	0.93	144	D
Garden Well1	Open-Pit	> 0.4	2.9	0.58	55	25.9	0.93	772	28.8	0.89	827	D
Rosemont1	Open-Pit	> 0.4	3.4	1.45	157	8.3	1.53	407	11.6	1.51	564	D
Duketon Main Deposits	Sub Total		7.9	0.99	251	37.4	1.07	1,284	45.3	1.05	1,535
Gloster	Open-Pit	> 0.5	-	-	-	7.0	1.00	226	7.0	1.00	226	D
Erlistoun	Open-Pit	> 0.5	-	-	-	3.8	1.48	181	3.8	1.48	181	D
Baneygo	Open-Pit	> 0.4	-	-	-	3.6	1.16	136	3.6	1.16	136	D
Petra	Open-Pit	> 0.5	-	-	-	0.6	1.26	25	0.6	1.26	25	D
Dogbolter	Open-Pit	> 0.5	-	-	-	0.3	1.57	16	0.3	1.57	16	D
Anchor	Open-Pit	> 0.5	-	-	-	0.1	2.07	6	0.1	2.07	6	D
Duketon Satellite Deposits	Sub Total		-	-	-	15.5	1.18	590	15.5	1.18	590
Regis	Grand Total		7.9	0.99	251	52.9	1.10	1,874	60.8	1.09	2,125

Notes

The above data has been rounded to the nearest 100,000 tonnes, 0.01 g/t gold grade and 1,000 ounces. Errors of summation may occur due to rounding.

1. Mineral Resources and Ore Reserves are reported inclusive of ROM Stockpiles at cut-off grade of 0.4 g/t.

2. Cutoff grades vary according to oxidation and lithology domains. Refer to Group Ore Reserves Lower Cut Notes.

3. Refer to Group Competent Person Notes.

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3434

APPENDIX 2 JORC COMPLIANT MINERAL RESOURCES 31 MARCH 2016

Group Mineral Resources

				Group Mineral Resources	Group Mineral Resources	Group Mineral Resources	Group Mineral Resources	Group Mineral Resources	Group Mineral Resources	Group Mineral Resources	Group Mineral Resources	Group Mineral Resources	Group Mineral Resources	Group Mineral Resources	Group Mineral Resources
				as at 31 March 2016
Gold				Measured		Indicated			Inferred			Total Resource			Competent Person2
Project	Type	Cut-Off (g/t)	Tonnes (Mt)	Gold Grade (g/t)	Gold Metal (koz)	Tonnes (Mt)	Gold Grade (g/t)	Gold Metal (koz)	Tonnes (Mt)	Gold Grade (g/t)	Gold Metal (koz)	Tonnes (Mt)	Gold Grade (g/t)	Gold Metal (koz)
Moolart Well1	Open-Pit	0.4	1.9	0.72	45	24.9	0.74	596	9.3	0.62	184	36.1	0.71	825	A
Garden Well1	Open-Pit	0.4	2.9	0.58	55	64.8	0.89	1,859	8.0	0.89	228	75.8	0.88	2,141	B
Rosemont1	Open-Pit	0.4	4.5	1.42	204	20.5	1.42	938	3.0	1.95	189	28.0	1.48	1,331	B
Duketon Main Deposits	Sub Total		9.4	1.01	303	110.2	0.96	3,393	20.3	0.92	600	139.8	0.96	4,297
Tooheys Well3	Open-Pit	0.0	-	-	-	-	-	-	14.6	1.16	547	14.6	1.16	547	A
Gloster	Open-Pit	0.4	-	-	-	14.7	0.79	374	6.6	0.73	154	21.3	0.77	528	A
Baneygo	Open-Pit	0.4	-	-	-	9.2	0.96	283	1.9	0.95	57	11.1	0.96	340	A
Erlistoun	Open-Pit	0.4	-	-	-	5.7	1.34	247	1.1	1.00	37	6.9	1.28	284	A
Dogbolter	Open-Pit	0.4	-	-	-	3.5	1.11	128	0.5	1.02	16	4.0	1.10	144	A
Russells Find	Open-Pit	0.4	-	-	-	2.1	1.07	71	0.3	0.90	10	2.4	1.05	81	A
Petra	Open-Pit	0.4	-	-	-	1.2	1.08	42	0.1	1.09	2	1.3	1.08	44	A
KingJohn	Open-Pit	0.4	-	-	-	-	-	-	0.8	1.56	42	0.8	1.56	42	A
Reichelts Find	Open-Pit	0.4	-	-	-	-	-	-	0.8	1.11	28	0.8	1.11	28	A
Anchor	Open-Pit	0.4	-	-	-	0.2	1.75	9	0.1	0.95	2	0.2	1.53	11	A
Duketon Satellite Deposits	Sub Total		-	-	-	36.6	0.98	1,155	26.8	1.04	895	63.4	1.01	2,049
Duketon	Total		9.4	1.01	303	146.8	0.96	4,548	47.1	0.99	1,495	203.2	0.97	6,346
McPhillamys	Total	0.4	-	-	-	69.2	0.94	2,087	3.9	0.98	123	73.2	0.94	2,210	B
Regis	Grand Total		9.4	1.01	303	216.0	0.96	6,635	51.0	0.99	1,618	276.4	0.96	8,556

Notes

The above data has been rounded to the nearest 100,000 tonnes, 0.01 g/t gold grade and 1,000 ounces. Errors of summation may occur due to rounding. All Mineral Resources are reported inclusive of Ore Reserves to JORC Code 2012 unless otherwise noted.

1. Mineral Resources and Ore Reserves are reported inclusive of ROM Stockpiles at cut-off grade of 0.4 g/t.

2. Refer to Group Competent Person Notes.

3. As reported 29th July 2016

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