REGIS RESOURCES LIMITED — Investor Presentation 2016

Aug 1, 2016

REGIS RESOURCES LTD

DIGGER & DEALERS AUGUST 2016

DISCLAIMER & COMPETENT PERSONS 2 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 ASX announcements released 14 June 2016 entitled "Further High Grade Results at Tooheys Well Gold Deposit" and 22 July 2016 entitled "Quarterly Report to 30 June 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place for subsequent releases by the Company of the same information in the same form and context, until the consent is withdrawn or replaced by a subsequent report and accompanying consent.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 on 29 July 2016 entitled "Maiden Resource of 547,000 Ounces At Tooheys Well Gold Deposit" 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 14 June 2016, 7 July 2016, 22 July 2016 and 29 July 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

3 CORPORATE

CAPITAL STRUCTURE

Shares on issue	500m
Last price	$4.05
Market capitalisation	A$2,029m
Daily turnover (no. shares)	7m
Unlisted options	15.2m

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 June 16) $123m FY16 Cashflow from ops $233m 2015 Dividend 6cps ($30m paid Oct15) 2016 Interim div 4cps ($20m paid Feb16) 2016 Final div 9cps ($45m payable Sept16)

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

GOLD PRICE 44

GOLD INDUSTRY COST CONTROL 55

Background

• 2012 and 2013 6 of the10 largest gold miners wrote off US$35bn
  • Equivalent to approx. 10 years of profits & 250 million ounces of production
• 2006-2012 industry development capex went from US$1146/pa oz to $2289/pa oz
• 2003-2012 operating c1 costs went from cUS$200/oz to c$800/oz

Industry response…significant, albeit late:

GOLD INDUSTRY INVESTABLE AGAIN 6

2012-2015 GP cUS$1600 - $1100 (down >30%), EBITDA margin 50% - 36% (down c28%) Cost control has prevented revenue falls compounding in larger margin falls Free cash flow yield improving

PRODUCTION ABOVE GUIDANCE & DELIVERING STRONG CASHFLOW

	Q4	FY16
Ore mined (Mbcm)	1.10	4.63
Waste mined (Mbcm)	6.18	22.62
Stripping ratio (w:o)	5.62	4.89
Ore mined (Mtonnes)	2.54	10.79
Ore milled (Mtonnes)	2.53	10.25
Head grade (g/t)	1.07	1.03
Recovery (%)	90	90
Gold production(ounces '000)	78	305
Cash cost (A$/oz)	776	773
Cash cost inc royalty(A$/oz)	860	845
All in Sustaining Cost(A$/oz)1	951	927

OPERATIONS

Q4 production 78,471 ounces

• FY16 production 305,084 ounces
  • Above upper end of FY16 guidance of 275-305koz
  • Fifth consecutive quarter of increased production

COSTS

• Q4 cash costs $776/oz & AISC $951/oz
• FY16 cash costs $773/oz & AISC $927/oz
  • Below lower end of FY16 guidance

OPERATING CASH-FLOW

Q4 operating cashflow $68.2m (Q3: $56.5m) FY16 operating cashflow $233.4m (FY15: $150.9m)

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.

8 AUSTRALIAN GOLD INDUSTRY COST CURVE 8

Australian Gold Projects Q3 2016 All in Sustaining Cost

9 AUSTRALIAN INDUSTRY GRADE CURVE 9

10 AISC COST PER MILLED TONNE 10

11 CASHFLOW WATERFALL

Strong cash-flow from operations of $233.4m for FY2016 and cash build after allowing for $50m dividends, $20m debt repayment and $22.9m income tax paid.

12 DIVIDEND

2016

• Final dividend declared 9 cents per share fully franked ($45 million) Payable 31 August 2016 Interim dividend 4 cps fully franked ($20m paid February 2016)
• Fully year (13cps) payout key metrics:
  • 13% of unaudited FY16 revenue
  • 3.2% basic dividend yield*
  • 4.6% grossed up (for 100% franking) dividend yield*
    • * Based on current share price of $4.03

COMMITMENT TO DIVIDENDS

• Regis has paid &/or declared 34 cps - $170 million in dividends since 2013
• Regis is an Australian gold industry leader on dividend payment metrics

13 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
• 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.

14 OPERATIONS OUTLOOK

2017 – 2019 DUKETON PROJECT PRODUCTION GUIDANCE & TARGETS

Organic growth at Duketon to deliver increasing production profile over medium term

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.

15 FAMOUS BLUE GEOLOGY DEVELOPMENT GLOSTER GOLD DEPOSIT

MOVING TOWARDS PRODUCTION

• All statutory approvals for development now received

• Road construction and road ore haulage contracts awarded

• Road construction, MW camp expansion and haulage laydown areas underway

• Mining at Gloster is underway

• 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 of production in FY17 < $1,000/oz

Ore haulage road construction underway

16 DUKETON RESERVE GROWTH

RESERVES INCREASE TO 2.13Moz – MORE THAN REPLACING FY16 PRODUCTION

	Total Ore Reserve
	Tonnes(Mt)	Gold Grade(g/t)	Gold Metal(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
Increasenet 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

17 TOOHEYS WELL

ORGANIC GROWTH CONTINUES – 547,000 OUNCE MAIDEN RESOURCE

	Tonnes(Mt)	Gold Grade(g/t)	Gold Metal(koz)
TooheysWell InferredMineral 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

VIEW FROM TOOHEYS WELL 1818 LOOKING NORTH

19 TOOHEYS WELL GOLD PROSPECT

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

2020 TOOHEYS WELL GOLD PROSPECT

DRILLING CROSS SECTION 6909380mN

• Significant intercepts
  • 54m @ 3.55g/t from 55m
  • 23m @ 3.13g/t from 144m
  • 26m @ 2.01g/t from 243m
  • 36m @ 2.73g/t from 202m
  • 16m @ 3.35g/t from 118m
• Fresh rock intersections
• Consistent grade and widths of mineralisation at depth

EXPLORATION UPSIDE 2121 TOOHEYS WELL-GARDEN WELL CORRIDOR

UNTESTED POTENTIAL NORTH & SOUTH OF TOOHEYS WELL

• TW Eastern Shear structure is interpreted to join with the gold mineralised shear zones at Chert Ridge (GW) approximately 2.5 km to north.
• Early drilling encouraging, TWRC118:
  • 15m @1.15g/t Au from 69m
  • 2m @ 2.73g/t. Au from 167m
  • 25m @ 1.41g/t. Au from 173m
• Currently defined TW mineralisation located on the northern flank of a >1km long magnetic high
• Southern half of MAG high is under cover and has seen very little drilling deeper than 50 metres below surface
  • Drill testing underway to test extension of mineralisation to the south

22 DUKETON EXPLORATION

23 ROSEMONT TO BANEYGO

REGIONAL SCALE OPPORTUNITY

• Rosemont to Baneygo trend 20km
• Quartz dolerite host rock at Rosemont continues to Baneygo and beyond to the south
• Baneygo discovery now a Reserve
• Recent RC drilling north of Baneygo turning up significant gold intercepts
• Discovery of Idaho 2km from Baneygo with first step out drilling
• 20km corridor requires further drilling
  • Previous drilling max 100m deep with most only 50m deep
  • Up to 800m gaps between drill lines
• Continue to test strike continuation north to Rosemont on 400m traverses

24 GARDEN WELL CORRIDOR

CURRENT PRIORITIES

• Garden Well to Tooheys Well and continuation of Tooheys Well to the south
• 7km further strike extent with minimal drilling further to lease boundary south

RUSSELLS TO REICHELTS 25 GOLD TREND

26 McPHILLAMYS (NSW) 26

27 McPHILLAMYS (NSW)

INFILL DRILLING & METALURGICAL TESTING TO COMMENCE FOR PFS

Located Central-West NSW

• Well established gold mining district
• Cadia, Cowal, Northparkes +45Moz*

Gold resource 2.2Moz - 100% Regis

• Large undeveloped gold resource in Australia – rare and getting rarer!
• Low stripping ratio and geological continuity at depth give the resource significant leverage to gold price upside
• Conceptual studies show viable project

Moving towards PFS

• Focus on securing key infrastructure
• 26,000m ($3m) infill drill programme to commence Aug16
• Resource definition & metallurgical studies
• Advancing other long lead PFS/EIS works
• Medium term development proposition

27

28 REGIS TARGETS & OUTLOOK

D & D 2015

Production 275-305koz

AISC $970-1,050/oz Operating cashflow $150m Organic reserve growth

Exploration-resource pipeline

Regional Duketon acquisitions

Commitment to dividends

McPhillamys development

D & D 2016

Production 305.1koz FY17 guidance 300,000 – 330,000 ounces Medium term production targets rising AISC $927/oz Operating cashflow $233.4m Added 445koz (+22% net of depletion) More than replacing production Most recently +547koz resource at Tooheys Well Infill drilling underway & maiden Reserve pending Drilling TW for extensions & other shear zones Bought Gloster for $1.5m + royalty Now mining – reserve 226koz @ AISC ≈$1,000/oz $95m dividends paid & declared Industry leading yield 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

28

29 APPENDIX 1 JORC COMPLIANT ORE RESERVE ESTIMATES 31 MARCH 2016

Group Ore Reserves
as at 31 March 2016
Gold		Proved				Probable		Total Ore Reserve	Competent
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)	Person3
Moolart Well 1	Open-Pit	> 0.4	1.6	0.77	39	3.3	1.00	105	4.8	0.93	144	D
Garden Well 1	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

Group Ore Reserves

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.

APPENDIX 2 30 JORC COMPLIANT MINERAL RESOURCES 31 MARCH 2016

							Group Mineral Resources
as at 31 March 2016
Gold				MeasuredIndicated			Inferred			Total Resource			Competent
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)	Person2
Moolart Well 1	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 Well 1	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 Well 3	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
King John	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