REGIS RESOURCES LIMITED — Investor Presentation 2016

Mar 14, 2016

11

REGIS RESOURCES LTD

==> picture [128 x 108] intentionally omitted <==

INVESTOR PRESENTATION MARCH 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 ASX announcements released 14 January 2016 entitled “Exploration Update & Baneygo Resource” and 14 March 2016 entitled “Further High Grade Results Extend Tooheys Well Gold Deposit and Point to Fresh Rock Potential” 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place for subsequent releases by the Company of the same information in the same form and context, until the consent is withdrawn or replaced by a subsequent report and accompanying consent.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 (ASX) on 16 July 2015 and the ASX announcement on 14 January 2016 entitled “Exploration Update & Baneygo Resource” and the ASX announcement on 14 March 2016 entitled “Maiden Ore Reserves at Gloster and Baneygo Extend Duketon Mine Life” 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 16 July 2015, 14 January 2016 and 14 March 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

==> picture [720 x 48] intentionally omitted <==

33

CORPORATE

CAPITAL STRUCTURE

Shares on issue 500m Last price (11/3/16) $2.56 Market capitalisation A$1.3b Daily turnover (no. shares) 4.1m Unlisted options 15.3m

OPERATIONS SNAPSHOT

Duketon operations (WA) 10Mtpa for ≈300kozpa McPhillamys project (NSW) 2.2Moz resource Resources 7.6Moz Reserves 2.0Moz

FINANCIALS

Cash & bullion (31 Dec 15) $99m Debt (31 Dec 15) $20m 1H16 Cashflow from ops $96m 1H16 EBITDA $98m
1H16 NPAT $46m 2015 Dividend 6cps ($30m paid Oct15) 2016 Interim div 4cps ($20m paid Feb16)

BOARD & MANAGEMENT

Mark Clark Paul Thomas Mark Okeby

Executive Chairman & CEO Executive Director & COO Non Executive Director & Deputy Chairman Non Executive Director Non Executive Director Non Executive Director Non Executive Director Company Secretary & CFO

Nick Giorgetta Glyn Evans Ross Kestel James Mactier Kim Massey

==> picture [352 x 197] intentionally omitted <==

----- Start of picture text -----

SHARE PRICE & VOLUME
3 45
40
2.5
35
2 30
25
1.5
20
1 15
10
0.5
5
0 0
Share Price (A$)
Volume (Millions)
16-Mar-15 16-Apr-15 16-May-15 16-Jun-15 16-Jul-15 16-Aug-15 16-Sep-15 16-Oct-15 16-Nov-15 16-Dec-15 16-Jan-16 16-Feb-16
----- End of picture text -----

==> picture [720 x 48] intentionally omitted <==

44

CASHFLOW WATERFALL

==> picture [717 x 406] intentionally omitted <==

----- Start of picture text -----

Cash & Gold on Hand - FY2016 YTD
$200.0m
$100.0m
$180.0m
$160.0m
$140.0m
($30.0m)
$120.0m
($20.3m)
($8.5m) $98.5m
$100.0m ($8.5m)
($4.6m)
($2.7m)
$80.0m $73.2m
$60.0m
$40.0m
$20.0m
- - - - - - -
-

Strong cash-flow from operations of $100m for H1 and cash build after
allowing for $30m dividend and $4.6m income tax paid in the half.

Interim fully franked dividend of 4cps declared in January 2016.
----- End of picture text -----

==> picture [720 x 48] intentionally omitted <==

55

CASHFLOW WATERFALL

==> picture [550 x 338] intentionally omitted <==

Business optimisations leading to trend of strong operating cash-flow and conversion to cash build

==> picture [720 x 48] intentionally omitted <==

66 REVIEW OF 1H FY2016 OPERATIONS

PRODUCTION AT UPPER END OF GUIDANCE & DELIVERING STRONG CASHFLOW

	Q2	Q1	OPERATIONS
Ore mined (Mbcm)	1.13	1.27	1H throughput of 10.3mtpa at a grade of 1.02g/t with
			recovery of 89.5%.
Waste mined (Mbcm)	5.21	5.85
Stripping ratio (w:o)	4.61	4.62	1H production 150,960 ounces at the upper end of FY16 guidance.
Ore mined (Mtonnes)	2.62	3.00
Ore milled (Mtonnes)	2.58	2.56	Reconciliation to reserve positive for Duketon
Head grade (g/t)	1.00	1.04	COSTS
Recovery (%) Gold production (ounces ‘000)	91 76	88 75	1H cash costs $805/oz and AISC $946/oz below lower end of FY16 guidance OPERATING CASH-FLOW
Cash cost (A$/oz)	789	821	1H operating cashflow $100.6m (consistent over Q1:
Cash cost inc royalty (A$/oz)	861	888	$50.8m and Q2: $49.8m)
All in Sustaining Cost (A$/oz)1	918	973

1 AISC calculated on a per ounce of production basis

==> picture [57 x 48] intentionally omitted <==

77

FY2016 1H OPERATING RESULTS

	Moolart Well Rosemont Garden Well Total Ore mined (bcm ) 701,766 623,072 1,073,638 2,398,476 Waste mined (bcm) 2,581,455 5,102,418 3,383,117 11,066,990 Stripping ratio (w:o) 3.7 8.2 3.2 3.2 Ore mined (tonnes) 1,435,355 1,431,208 2,755,946 5,622,509 Ore milled (tonnes) 1,438,452 1,247,478 2,457,460 5,143,390 Head grade (g/t) 0.91 1.35 0.91 1.02 Recovery (%) 90.5 92.4 86.8 89.5 Gold production (ounces) 38,069 50,189 62,702 150,960 Cash cost (A$/oz) 809 676 907 805 All in Sustaining Cost (A$/oz) 975 842 1,011 946

==> picture [720 x 48] intentionally omitted <==

88

DUKETON NEAR TERM GROWTH

==> picture [427 x 400] intentionally omitted <==

MINE LIVES @ 31/3/15

MINE LIVES @ 31/3/15
Project Mine Life	Mill tpa
Garden Well 7 years	≈ 5 MT
Rosemont 6 years	≈ 2 MT
Moolart Well 3 years	≈ 3 MT

MINE LIFE EXTENSION OPPORTUNITIES

	Project	Status
	Gloster	Reserve completed, DFS
		pending
	Erlistoun	Scheduling
	Baneygo	Reserve completed, scheduling
	Idaho	Further drilling
	Tooheys	Well Further drilling

• Proximity to mill capacity

• Known gold hosting structures

• Shallow & poorly tested

• Strong extensions expected to continue

==> picture [720 x 48] intentionally omitted <==

99

DELIVERING ORGANIC GROWTH

• Maiden Ore Reserves at Gloster and Baneygo have added 361,000 ounces to gold reserve at Duketon.

• The increase in Duketon gold reserves more than replaces expected 2016FY production.

• Projects within trucking distance to existing mills.

Project	Tonnes	Gold Grade	Gold Metal
	(Mt)	(g/t)	(koz)
Gloster	7.0	1.00	226
Baneygo	3.6	1.16	136

Rounding errors may occur

• Compliant with 2012 JORC Code and Guidelines (refer ASX announcement 14 March 2016)

==> picture [57 x 48] intentionally omitted <==

1010

ACQUISITIONS FOR GROWTH

MOOLART WELL AREA

==> picture [41 x 14] intentionally omitted <==

----- Start of picture text -----

10km
----- End of picture text -----

Moolart Well Rosemont Gloster Tenure Garden Well Duketon Mining JV Tenure Regis Tenure Major Shear Zone Gold Project

• Mine life was 3 years at last reserve run in March 2015

• Successful reserve replacement of production in recent years through oxides and satellites

Recent strategic transactions to further bolster this operation:

• Acquisition of Resource at Gloster gold deposit

• Duketon Gold Exploration Joint Venture:

==> picture [720 x 48] intentionally omitted <==

11 11 GLOSTER GOLD DEPOSIT FAMOUS BLUE GEOLOGY

PURCHASE TO RESERVE

==> picture [331 x 130] intentionally omitted <==

----- Start of picture text -----

Felsic Volcanics
M38/1268
1km
----- End of picture text -----

• Located 26km west of Moolart Well

• Purchased for $1.5m + royalty

• Mining Licence granted in December 2015

• 177 RC holes drilled in the Dec15Q for 21,287m

• New Resource and Maiden Ore Reserve estimations announced

Basalt

==> picture [57 x 48] intentionally omitted <==

Historical drilling grey. Regis drilling Dec 15Q in red

12 12

GLOSTER GOLD DEPOSIT FAMOUS BLUE GEOLOGY

RESOURCE UPDATE COMPLETE AND MAIDEN RESERVE ESTIMATED

==> picture [480 x 257] intentionally omitted <==

• Maiden Ore Reserve at Gloster estimated at 7.0Mt at 1.00g/t Au for 226,000 ounces of gold*

• 0.5g/t cutoff oxide and transitional, 0.6g/t in fresh based on A$1400 gold price

• Updated JORC Resource of 21.3Mt at 0.77g/t Au for 528,000 ounces of gold*, an increase of 45% for contained ounces from the previous Resource

• Further drilling underway to test along strike extensions

==> picture [57 x 48] intentionally omitted <==

• Compliant with 2012 JORC Code and Guidelines (refer ASX announcement 14 March 2016)

13 13 GLOSTER GOLD DEPOSIT FAMOUS BLUE GEOLOGY

MOVING TOWARDS PRODUCTION

==> picture [383 x 226] intentionally omitted <==

• Mining tenement granted

• Clearing permit granted

• Mining proposal submitted

• Finalising road construction approvals and tender

• Mining at Gloster is expected to commence in the Sep 2016 quarter

• Simple low strip open cut mining and road haulage operation

• 70% of reserve within 80m of surface in the oxide

• Utilise Moolart team and facilities

• In the order of 3 years additional mill feed to the Moolart Well processing plant.

• Supplement production in the order of 70,000 ounces per year for three years

• Low capex

• Cost estimates in line with other Duketon deposits (forecast to be between $970-1,070 per ounce for 2015/16)

==> picture [720 x 48] intentionally omitted <==

1414 DUKETON GOLD EXPLORATION JV

==> picture [428 x 401] intentionally omitted <==

----- Start of picture text -----

10km
Moolart Well
Rosemont
Gloster Tenure
Garden Well
Duketon Mining JV Tenure
Regis Tenure
Major Shear Zone
Gold Project
----- End of picture text -----

• Full details of farm in terms are reported in ASX announcement of 14 July 2015

EXPLORING FOR MOOLART WELL

• Agreement with Duketon Mining (ASX:DKM) to form DGEJV signed July 2015

• Regis to spend $1m over 2 years to earn 75% on a decision to mine*

• 373km[2] of gold prospective tenure mostly proximal to MW

• Prospective shear zones are strike continuation of Garden Well and Petra Au deposits

• Extensive soil geochemistry programme complete

• Drilling to commence in June quarter

==> picture [55 x 47] intentionally omitted <==

15 15

ORGANIC GROWTH OPPORTUNITIES ROSEMONT & GARDEN WELL AREAS

==> picture [418 x 392] intentionally omitted <==

CURRENT PRIORITIES

• Rosemont-Baneygo shear

• Baneygo

• Idaho

• Garden Well-Reichelts shear

• Tooheys Well

==> picture [720 x 48] intentionally omitted <==

16 16

ROSEMONT TO BANEYGO

==> picture [713 x 435] intentionally omitted <==

----- Start of picture text -----

REGIONAL SCALE OPPORTUNITY
Rosemont

Rosemont to Baneygo trend 20km
 Quartz dolerite host rock at Rosemont
continues to Baneygo and beyond to
the south
22m @ 2.6g/t, f 22m

Recent RC drilling north of Baneygo
Garden
King John
turning up significant gold intercepts
Well
3m @ 7.7g/t, f 41m

4m @ 8.5g/t, f 28m New discovery Idaho 2km from
Baneygo with first step out drilling

20km corridor requires further drilling
10m @ 1.8g/t, f 22m
8m @ 1.9g/t, f 14m Idaho • Previous drilling max 100m deep
13m @ 4.9g/t, f 17m with most only 50m deep
•
33m @ 8.4g/t, f 50m Up to 800m gaps between drill
11m @ 7.3g/t, f 21m lines
21m @ 9.3g/t, f 16m Erlistoun
 Continue to test strike continuation
Baneygo
north to Rosemont on 400m traverses
22m @ 2.5g/t, f 26m
5m @ 4.6g/t, f 7m
2m @ 12.6g/t, f 13m
----- End of picture text -----

17 17

BANEYGO GOLD PROJECT

==> picture [352 x 396] intentionally omitted <==

MAIDEN RESERVE ESTIMATED

• Maiden Ore Reserve at Baneygo estimated at 3.6 million tonnes at 1.16g/t Au for 136,000 ounces of gold*

• 0.4g/t cutoff oxide and transitional, 0.5g/t in fresh based on A$1400 gold price

• Updated Resource* estimated in December 2015 gave a fivefold increase in Resource ounces (7.1MT @ 1.03g/t for 237,000 oz)

• Further drilling underway to test along strike extensions

• Does not yet include Idaho or the sparsely drilled (but mineralised) 4km to the south of Baneygo

==> picture [55 x 47] intentionally omitted <==

• Compliant with 2012 JORC Code and Guidelines (refer ASX announcements 14 January 2016 and 14 March 2016)

18 18

BANEYGO GOLD DEPOSIT FAMOUS BLUE GEOLOGY

==> picture [327 x 444] intentionally omitted <==

MOVING TOWARDS PRODUCTION

• Mining of the Baneygo deposit will be scheduled with other satellite deposits

• On a granted mining lease

• Simple open cut mining and short road haul

• Similar geology and metallurgy as Rosemont

• Utilise Garden Well team and facilities

• Low capex

• Supplement production in the order of 70,000 ounces per year for two years

• Cost estimates in line with other Duketon deposits (forecast to be between $9701,070 per ounce for 2015/16)

19 19

IDAHO SECTIONS IDAHO SECTION 6909156mN December 2015 Results

==> picture [404 x 452] intentionally omitted <==

----- Start of picture text -----

450mRL
Top of Saprock
Top of Fresh Rock
400mRL
Idaho Gold Project
Cross Section 6909156mN
350mRLGold Mineralised Envelope Gold
Au Intercept 5m @ 1.08g/t
Ultramafic
Sediment
Quartz Dolerite
431250mE 431300mE 431350mE IHRC092
69091050mN
----- End of picture text -----

IDAHO A NEW GOLD DEPOSIT

• 2.2km north of Baneygo

• No historical resource - new discovery

• Gold hosted in quartz dolerite similar to Baneygo and Rosemont

• Regis drilled on 40m traverses 36 RC holes for 2,993m in Dec 15Q

• Dec 15Q holes

• RRLIHRC030 9m @ 3.00g/t Au from 62m

• RRLIHRC066 23m @ 2.21g/t Au from 73m

• Highly significant new gold mineralisation defined over 650m strike

• Resource update planned in Mar 16Q

==> picture [55 x 47] intentionally omitted <==

19

20 20

GARDEN WELL CORRIDOR

==> picture [418 x 392] intentionally omitted <==

CURRENT PRIORITIES

• Tooheys Well and north to Garden Well

• 7 kms strike South of Tooheys Well

==> picture [720 x 48] intentionally omitted <==

2121

TOOHEYS WELL DRILL RESULTS

200m Basalt 7m @ 5.03g/t 7m @ 3.45g/t 27m @ 1.78g/t 16m @ 1.53g/t 31m @ 1.48g/t 17m @ 1.92g/t 32m @ 1.56g/t 14m @ 1.21g/t 16m @ 3.35g/t 11m @ 3.43g/t 67m @ 2.18/t 5m @ 5.53g/t 72m @ 2.73g/t 31m @ 3.64g/t 14m @ 2.10g/t 16m @ 1.72g/t 72m @ 2.73g/t New Gold Results Chert BIF Shale Tooheys Well Gold Project Basalt 23m @ 2.24g/t 6909340mN 6909220mN 6909180mN	200m Basalt 7m @ 5.03g/t 7m @ 3.45g/t 27m @ 1.78g/t 16m @ 1.53g/t 31m @ 1.48g/t 17m @ 1.92g/t 32m @ 1.56g/t 14m @ 1.21g/t 16m @ 3.35g/t 11m @ 3.43g/t 67m @ 2.18/t 5m @ 5.53g/t 72m @ 2.73g/t 31m @ 3.64g/t 14m @ 2.10g/t 16m @ 1.72g/t 72m @ 2.73g/t New Gold Results Chert BIF Shale Tooheys Well Gold Project Basalt 23m @ 2.24g/t 6909340mN 6909220mN 6909180mN	200m Basalt 7m @ 5.03g/t 7m @ 3.45g/t 27m @ 1.78g/t 16m @ 1.53g/t 31m @ 1.48g/t 17m @ 1.92g/t 32m @ 1.56g/t 14m @ 1.21g/t 16m @ 3.35g/t 11m @ 3.43g/t 67m @ 2.18/t 5m @ 5.53g/t 72m @ 2.73g/t 31m @ 3.64g/t 14m @ 2.10g/t 16m @ 1.72g/t 72m @ 2.73g/t New Gold Results Chert BIF Shale Tooheys Well Gold Project Basalt 23m @ 2.24g/t 6909340mN 6909220mN 6909180mN	200m Basalt 7m @ 5.03g/t 7m @ 3.45g/t 27m @ 1.78g/t 16m @ 1.53g/t 31m @ 1.48g/t 17m @ 1.92g/t 32m @ 1.56g/t 14m @ 1.21g/t 16m @ 3.35g/t 11m @ 3.43g/t 67m @ 2.18/t 5m @ 5.53g/t 72m @ 2.73g/t 31m @ 3.64g/t 14m @ 2.10g/t 16m @ 1.72g/t 72m @ 2.73g/t New Gold Results Chert BIF Shale Tooheys Well Gold Project Basalt 23m @ 2.24g/t 6909340mN 6909220mN 6909180mN	200m Basalt 7m @ 5.03g/t 7m @ 3.45g/t 27m @ 1.78g/t 16m @ 1.53g/t 31m @ 1.48g/t 17m @ 1.92g/t 32m @ 1.56g/t 14m @ 1.21g/t 16m @ 3.35g/t 11m @ 3.43g/t 67m @ 2.18/t 5m @ 5.53g/t 72m @ 2.73g/t 31m @ 3.64g/t 14m @ 2.10g/t 16m @ 1.72g/t 72m @ 2.73g/t New Gold Results Chert BIF Shale Tooheys Well Gold Project Basalt 23m @ 2.24g/t 6909340mN 6909220mN 6909180mN	 Gold shear zones hosted by chert, shale and BIF  Early shallow AC holes ineffective  2013 RC drilling returned significant gold intercepts on the Western shear  Recent 2015 drilling has defined a parallel Eastern shear: • Eastern Shear high grade and open to south for 600m • Recent post Dec 15 Au results red  Eastern Shear dip 60-70° East  Eastern Shear open to the N and S  Western Shear open to the N and S A BOLT ON FOR GARDEN WELL
	7m		@ 3.45g/t
				72m @ 2.73g/t New Gold Results Tooheys Well Gold Project Basalt
				>1g/t Au in Drill Hole Chert and minor Shale BIF and sulphidic Shale Shear Zone

22 22

TOOHEYS WELL GOLD PROSPECT

==> picture [720 x 453] intentionally omitted <==

----- Start of picture text -----

CROSS SECTION
6909340mN
500mRL

Steep E dipping high
grade gold shear
 Chert BIF and shale
host rocks
450mRL 450mRL  Weathered 80-160m
Top of Saprock
Top of Fresh Rock
400mRL 400mRL
Tooheys Well Gold Project
Cross Section 6909340mN
350mRL
Gold Mineralised Envelope
Gold Intercepts 16m @ 3.23g/tGold
Chert 50m
Black Sulphidic Shale
Banded Iron Formation
Shear Zone
437700mE 437800mE 437900mE
----- End of picture text -----

23 23

TOOHEYS WELL GOLD PROSPECT

==> picture [720 x 449] intentionally omitted <==

----- Start of picture text -----

CROSS SECTION
6909220mN
500mRL

RRLTWRC079 high
grade intercept
ended in gold
mineralisation
Top of Saprock

079 intercept is all in
450mRL 450mRL fresh rock
suggesting high gold
grades continue in
fresh rock

Zone of gold
400mRL 400mRL mineralisation is
Top of Fresh Rock
widening with depth
50m
Tooheys Well Gold Project
Cross Section 6909220mN
350mRL
Gold Mineralised Envelope
Gold Intercepts 16m @ 3.23g/tGold
Chert
Black Sulphidic Shale
Banded Iron Formation
Shear Zone
437700mE 437800mE 43790mE
----- End of picture text -----

24 24

TOOHEYS WELL GOLD PROSPECT

==> picture [721 x 450] intentionally omitted <==

----- Start of picture text -----

CROSS SECTION
6909180mN

500mRL RRLTWRC065 high
grade intercept
ended in gold
mineralisation
Top of Saprock

Lower part of 065
3 1.11450mRL 450mRL intercept is in fresh
1 0.72 rock.
1 0.54
1 0.68

Zone of gold
mineralisation is
Top of Fresh Rock
93m widening with depth
400mRL 400mRL  Results for diamond
hole
RRLTWRCR080 are
pending
50m
Tooheys Well Gold Project
Cross Section 6909180mN
350mRL
Gold Mineralised Envelope
Gold Intercepts 16m @ 3.23g/tGold
Chert
Black Sulphidic Shale
Banded Iron Formation
Shear Zone
437700mE 437800mE 437900mE
----- End of picture text -----

25 25

TOOHEYS WELL GOLD PROSPECT LONG SECTION LOOKING WEST

==> picture [720 x 449] intentionally omitted <==

----- Start of picture text -----

South North
100m
South Plunging High
Grade Shoot
> 20gm Gold
Mineralised zone
----- End of picture text -----

26 26

VIEW FROM TOOHEYS WELL LOOKING NORTH

==> picture [557 x 395] intentionally omitted <==

OUTLOOK

Drilling to continue in 2016

 Target gold mineralisation at depth in fresh rock zone

Test north to Chert Ridge

 Test continuity of shear zones 600m to the south

Beamish?

==> picture [720 x 48] intentionally omitted <==

2727

McPHILLAMYS (NSW)

FOCUS ON KEY INFRASTRUCTURE BEFORE MOVE TO PFS

==> picture [367 x 348] intentionally omitted <==

• 250km west of Sydney

• Gold resource 2.2Moz  100% Regis owned

• Conceptual studies show viable project

• Current focus on key infrastructure

• Will then move to PFS  Well established gold mining district • Cadia +40Moz Newcrest • Cowal +3Moz Evolution • Northparkes +2Moz* China Moly

• Intrinsic portfolio value

• Large undeveloped gold resource in Australia – rare and getting rarer!

• • Low stripping ratio and geological continuity at depth give the in pit resource significant leverage to gold price upside

• • Medium term development proposition

==> picture [57 x 48] intentionally omitted <==

• Recent quoted resources from public information

2828

RECAP OF PRESENTATION

• FY2016 1H gold production 150,960 ounces at AISC of A$946/oz

• Production run rate at upper end of FY16 guidance 275-305koz

• AISC below lower end of FY16 guidance of $970-1,070/oz

• Consistent production and cost performance at all operations

• Strong operating cashflows ($95.8m for FY 2016 1H) enables cash build and substantial fully franked dividend payments ($50m paid in last 6 months)

• Significant extensions of mine life achieved in particular at Moolart where it has been extended to around 5 years (New reserves of 361koz in 10.6Mt announced today)

• Continued exciting exploration results at Duketon including Idaho & Tooheys Well (eg intercept of 72m @ 2.73g/t Au announced yesterday at Tooheys)

• Potential to add significant resource ounces along the highly prospective shears where previous drilling is sparse and in some cases ineffective

• Exploration success, available milling capacity and tight costs structures point to future extensions of mine life at all three operations

• Work continuing to secure infrastructure required for McPhillamys project

==> picture [720 x 48] intentionally omitted <==

2929

APPENDICIES

1. Table of JORC compliant resources and Reserves for Gloster and Baneygo 1 March 2016 2. Table of JORC compliant resources 31 March 2015 3. Table of JORC compliant reserves 31 March 2015 4. Breakdown of FY2016 production and cost guidance

==> picture [720 x 48] intentionally omitted <==

3030

APPENDIX 1 JORC COMPLIANT MINERAL RESOURCE AND ORE RESERVE ESTIMATES FOR GLOSTER AND BANEYGO 1 MARCH 2016

Gloster and Baneygo Mineral Resource Estimates

as at 1 March 2016

Gold	Gold	Gold	Measured	Measured	Measured	Indicated	Indicated	Indicated	Inferred	Inferred	Inferred	Total Resource	Total Resource	Total Resource	Competent Person1
Project	Type	Cut-Off (g/t)	Tonnes (Mt)	Gold Grade (g/t)	Gold Metal	Tonnes	Gold Grade	Gold Metal	Tonnes	Gold Grade	Gold Metal		Gold Grade	Gold Metal (koz)
												Tonnes
					(koz)	(Mt)	(g/t)	(koz)	(Mt)	(g/t)	(koz)	(Mt)	(g/t)
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	-	-	-	6.2	1.03	203	1.0	1.06	32	7.1	1.03	236	A

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. Refer to Competent Person Statement

Gloster and Baneygo Ore Reserve Estimates

as at 1 March 2016

Gold	Gold	Gold	Proved	Proved	Proved	Probable	Probable	Probable	Total Ore Reserve	Total Ore Reserve	Total Ore Reserve	Competent Person2
Project	Type	Cut-Off (g/t)1	Tonnes						Tonnes	Gold Grade	Gold Metal (koz)
				Gold d	Gold		Gold	Gold l
					l	Tonnes	d
			(Mt)	Grae /t	Meta k		Grae	Meta
						(Mt)	/t	k	(Mt)	(g/t)
				(g)	(oz)		(g)	(oz)
Gloster	Open-Pit	> 0.5	-	-	-	7.0	1.00	226	7.0	1.00	226	B
Baneygo	Open-Pit	> 0.4	-	-	-	3.6	1.16	136	3.6	1.16	136	B

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. Cutoff grades vary according to oxidation and lithology domains. Refer to Ore Reserve Lower Cut-off Grade Note in Material Information Summary.

2. Refer to Competent Person Statement

==> picture [720 x 48] intentionally omitted <==

3131

APPENDIX 2

JORC COMPLIANT MINERAL RESOURCES 31 MARCH 2015

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 2015
Gold				Measured		Indicated			Inferred			Total Resource			Competent Person4
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	3.0	0.89	87	29.2	0.75	706	15.0	0.62	300	47.3	0.72	1,093	A
Garden Well1	Open-Pit	0.4	2.7	0.63	54	73.8	0.90	2,131	10.2	0.88	288	86.7	0.89	2,473	B
Rosemont1	Open-Pit	0.4	5.4	1.31	228	20.1	1.27	824	2.8	1.78	160	28.3	1.33	1,212	B
Duketon Main Deposits	Sub Total		11.1	1.03	369	123.2	0.92	3,661	28.0	0.83	748	162.3	0.92	4,777
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	-	-	-	2.8	1.11	102	0.4	1.02	13	3.2	1.10	115	A
Petra	Open-Pit	0.4	-	-	-	1.2	1.08	42	0.1	1.09	2	1.3	1.08	44	A
Anchor	Open-Pit	0.4	-	-	-	0.2	1.75	9	0.1	0.95	2	0.2	1.53	11	A
King John3	Open-Pit	1.0	-	-	-	-	-	-	0.7	3.19	72	0.7	3.20	72	C
Russells Find3	Open-Pit	1.0	-	-	-	-	-	-	0.4	3.86	55	0.4	4.28	55	C
Baneygo3,5	Open-Pit	0.5	-	-	-	-	-	-	0.8	1.67	43	0.8	1.67	43	C
Reichelts Find3	Open-Pit	1.0	-	-	-	0.1	3.69	17	-	-	-	0.1	3.69	17	C
Duketon Satellite Deposits	Sub Total		-	-	-	10.1	1.28	416	3.6	1.96	223	13.6	1.46	640
Duketon	Total		11.1	1.03	369	133.2	0.95	4,077	31.5	0.96	971	175.9	0.96	5,417
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		11.1	1.03	369	202.5	0.95	6,164	35.5	0.96	1,094	249.1	0.95	7,627

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

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

• Reported under JORC Code 2004

• Refer to Group Competent Person Notes

• The Baneygo resource in the above table is quoted as at 31 March 2015 and has not been updated to reflect the Baneygo Resource referred in the body of this presentation which was recalculated and restated as at 1 March 2016 compliant with 2012 JORC Code and Guidelines (refer ASX announcement 15 March 2016). A seprate table is included in the presentation which details the updated Resource details. This table will be updated as part of the next full annual update

==> picture [720 x 48] intentionally omitted <==

3232

APPENDIX 3 JORC COMPLIANT ORE RESERVES 31 MARCH 2015

Group Ore Reserves

				Group Ore Reserves	Group Ore Reserves	Group Ore Reserves	Group Ore Reserves	Group Ore Reserves	Group Ore Reserves	Group Ore Reserves	Group Ore Reserves	Group Ore Reserves
				as at 31 March 2015
Gold				Proved		Probable			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	2.7	0.93	79	3.9	0.92	115	6.5	0.92	194	D
Garden Well1	Open-Pit	> 0.4	2.7	0.63	54	31.9	0.93	955	34.5	0.91	1,009	D
Rosemont1	Open-Pit	> 0.4	4.4	1.34	188	8.9	1.36	387	13.2	1.35	574	D
Duketon Main Deposits	Sub Total		9.7	1.03	321	44.6	1.02	1,456	54.3	1.02	1,777
Erlistoun	Open-Pit	> 0.5	-	-	-	3.8	1.48	181	3.8	1.48	181	D
Dogbolter	Open-Pit	> 0.5	-	-	-	0.3	1.57	16	0.3	1.57	16	D
Petra	Open-Pit	> 0.5	-	-	-	0.6	1.26	25	0.6	1.26	25	D
Anchor	Open-Pit	> 0.5	-	-	-	0.1	2.07	6	0.1	2.07	6	D
Duketon Satellite Deposits	Sub Total		-	-	-	4.8	1.47	229	4.8	1.47	229
Regis	Grand Total		9.7	1.03	321	49.4	1.06	1,685	59.1	1.06	2,006

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

==> picture [720 x 48] intentionally omitted <==

3333

APPENDIX 4 PRODUCTION GUIDANCE 2016

GUIDANCE

Production: 275,000 – 305,000 ounces Cost: AISC A$970 – A$1,070/oz Expansion capital: A$15-20 million

GUIDANCE MID-POINT STATISTICS*

	Moolart Rosemont Garden Total
Well Well
Ore mined (Mbcm ) 1.5 1.0 2.2 4.7
Waste mined (Mbcm) 4.4 9.3 5.9 19.6
Stripping ratio (w:o) 3.1 9.7 2.5 4.2
Ore mined (Mtonnes) 2.8 2.2 5.6 10.6
Ore milled (Mtonnes) 2.9 2.3 5.0 10.1
Head grade (g/t) 0.89 1.23 0.92 0.98
Recovery (%) 91 93 88 91
Gold production (ounces ‘000) 75 85 130 290
Cash cost (A$/oz) 820 840 900 860
Cash cost inc royalty (A$/oz) 880 910 970 930
All in Sustaining Cost (A$/oz) 950 1,070 1,040 1,020

MID POINT SUMMARY

• Production 290koz

• Cash cost $860/oz

• AISC $1,020

• GW tonnes, grade & recovery up on 2015. Stripping ratio sharply lower.

• Grade at MW lower than 2015 as oxide extensions optimised in.

• 2016 RMT grade 1.23g/t lower than LOM grade 1.35g/t due to scheduling

• 2016 RMT stripping ratio 9.7 higher than LOM 5.6 due to cut backs for expanded reserves.

2016F operating cashflow ≈ A$150m at mid-point AISC and current (A$1,550/oz) gold price

==> picture [57 x 48] intentionally omitted <==

• Errors in summation may occur in this table due to rounding