REGIS RESOURCES LIMITED — Investor Presentation 2017

Feb 26, 2017

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11
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REGIS RESOURCES LTD

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FEBRUARY 2017

BMO GLOBAL METALS & MINING CONFERENCE

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 16 January 2017 entitled “Quarterly Report to 31 December 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place for subsequent releases by the Company of the same information in the same form and context, until the consent is withdrawn or replaced by a subsequent report and accompanying consent.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 16 January 2017 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

Shares on issue 501m Last price A$3.54 Market capitalisation A$1,775m Daily turnover (no. shares) 7m Unlisted options 10m

OPERATIONS SNAPSHOT

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

FINANCIALS

NPAT H1 FY17 A$61.0m Cash & bullion (31 Dec 16) A$129.8m 2017 Interim dividend 7cps (A$35m) 2016 Full year dividend 13cps (A$65m)

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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
vOLUME (Millions)
SHARE PRICE A$)
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44 H1 2017 OPERATING RESULTS

	Ore mined (Mbcm )	Duketon North Duketon South Total Dec 2016 Total Dec 2015 0.75 1.47 2.22 2.40 4.41 8.69 13.10 11.07 5.9 5.9 5.9 4.6 1.50 3.94 5.44 5.62 1.52 3.60 5.12 5.14 0.99 1.04 1.03 1.02 92.3 91.1 91.5 89.5 44,764 109,938 154,702 150,960 673 888 826 805 743 959 896 874 903 967 949 946
	Waste mined (Mbcm)
	Stripping ratio (w:o)
	Ore mined (Mtonnes)
	Ore milled (Mtonnes)
	Head grade (g/t)
	Recovery (%)
	Gold production (ounces)
	Cash cost (A$/oz)
	Cash cost inc royalty (A$/oz)
	All in Sustaining Cost(A$/oz)

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55

REVIEW OF FY2017 Q2 OPERATIONS

DUKETON CONTINUES TO DELIVER STRONG CASHFLOW

	Q2 Q1
FY17 FY17
Ore mined (Mbcm) 1.1 1.1
Waste mined (Mbcm) 7.3 5.8
Stripping ratio (w:o) 6.5 5.3
Ore mined (Mtonnes) 2.8 2.7
Ore milled (Mtonnes) 2.50 2.62
Head grade (g/t) 1.08 0.98
Recovery (%) 92 91
Gold production (ounces ‘000) 80 75
Cash cost (A$/oz) 804 850
Cash cost inc royalty (A$/oz) 874 920
All in Sustaining Cost (A$/oz)1 951 946

OPERATIONS

• Q2 gold production 80,090 ounces

• Up 7% on Q1

• Run rate above FY16 and in upper half of FY17 guidance of 300-330koz

• Run rate maintainable for FY17 as satellite projects Gloster & Erlistoun come on line

• Q2 throughput (-4%) & recovery (+1.5%) v Q1

• Q2 grade of 1.08g/t: 11% higher than Q1

• Both GW and RMT grades improved 11-12%

• RMT improving as southern zone reaches fresh rock

• Positive impact of 1.18g/t grade from Gloster

COSTS

• Q2 cash costs $804/oz & AISC $951/oz

• Both below lower end of FY17 guidance range

• In line with Q1 – higher production offset by higher strip ratio of start-up projects

OPERATING CASH-FLOW

• Q2 operating cashflow $64.5m (Q1: $59.6m)

• Continuation of strong operating cashflow underpinning cash build and dividends

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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.

66

H1 2017 – FINANCIAL RESULTS HIGHLIGHTS

STRONG FINANCIAL RESULTS

• Net profit after tax for H1 FY17 of A$61.0 million up 33% from H1 FY16 • Earnings per share also up 33% to 12.19cps

• Revenue for H1 FY17 up 4% to A$252.9 million (H1 FY16: A$243.7 million) • 144,699oz’s of gold sold at A$1,742/oz

• EBITDA up 16% to A$113.0 million (H1 FY16: A$97.4 million)

• Very strong EBITDA margin of 45% (H1 FY16: 40%)

• Cash and bullion of A$129.8 million*

• Up A$6.4 million since June 2016 after the payment of A$45 million in fully franked dividends, A$10.7 million in developing satellite projects and A$11.3 million on exploration expenditure over the 6 months to December 2016

• Gold production of 154,702 ounces at pre-royalty cash cost of A$826 per ounce and AISC of A$949 per ounce

• Includes bullion on hand classified as inventory and valued at the delivered gold price subsequent to 31 Dec 2016

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77

INTERIM DIVIDEND

2017

• Interim dividend declared 7 cents per share fully franked (A$35 million)

• Record Date: 8 March 2017

• Payable: 21 March 2017

• Interim dividend payout key metrics:

• 14% of H1 FY17 revenue

• 57% of H1 FY NPAT

COMMITMENT TO DIVIDENDS

• FY 16 full year dividend of 13 cps (interim 4cps and final 9cps)

• Regis has paid/declared 41 cps - A$205 million in dividends since 2013

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

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STRONG PERFORMANCE ON ALL PROFIT MEASURES

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1 FY2014 NPAT, EBITDA & EPS adjusted to underlying result by excluding $202.7m after tax impairment charge

99

CASHFLOW WATERFALL

Cash & Gold on Hand - FY17 YTD Movements

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$270.0m
$124.1m
$250.0m
$230.0m
$210.0m
($45.0m)
$190.0m
$170.0m ($23.3m)
($11.1m)
$150.0m ($14.3m)
$129.8m
$130.0m $123.3m
($21.6m)
($2.5m)
$110.0m
$90.0m
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Cash build during the half despite the payment of A$45.0m in dividends, A$10.7 million in developing satellite projects and A$11.4 million on exploration expenditure

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1010

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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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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DELIVERING ORGANIC GROWTH OPPORTUNITIES

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MINE LIVES @ 31/3/16

Project Mine Life	Mill tpa ≈ 5 MT ≈ 2 MT ≈ 3 MT
Garden Well 7 years
Rosemont 6 years
Moolart Well 5 years

SATELLITES EXTENDING MINE LIFE

Project	Reserves at 31/3/16
Gloster	7.0Mt @ 1.00g/t for 226koz’s
Erlistoun	3.8Mt @ 1.48g/t for 181koz’s
Baneygo	3.6Mt @ 1.16g/t for 136koz’s
Tooheys Well	547koz resource
 Proximity to mill capacity
 Known gold hosting structures
 Shallow & poorly tested
►Strong extensions expected to
continue

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DEVELOPMENT FAMOUS BLUE GEOLOGY GLOSTER GOLD DEPOSIT

FIRST OF THE SATELLITES

• 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, 26 kilometers away

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

• AISC in FY17 < $1,000/oz

• First ore carted and processed at the Moolart Well plant in the December 2016 quarter at a grade of 1.18g/t

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Ore haulage road construction underway
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DEVELOPMENT FAMOUS BLUE GEOLOGY ERLISTOUN GOLD DEPOSIT

NEXT CAB OFF THE RANK - MOVING TOWARDS PRODUCTION

• Simple open cut mining and road haulage operation

• Mining commenced and first ore hauled late in Q2, processing to commence Q3

• Low startup capex - <$3m in FY2017.

• More than 4 years additional mill feed to the Garden Well processing plant

• Moderate strip ratio 8.4

• Very clean ore - >90% mill recovery expected & soft ore to benefit GW mill throughput

• Reserve 3.8mt @ 1.48g/t for 181koz

• Expected 15koz of production in FY2017at AISC < $1,000/oz

• Up to 50kozpa in FY18 and beyond

• Stage 2 to be scheduled in conjunction with Tooheys Well

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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 2017

• 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

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

1616

EXPLORATION UPDATE

DUKETON - SIGNIFICANT RESULTS IN Q2

Completed 56,473m (Q1: 52,262m) of drilling on 12 gold projects

• Tooheys Well – 2.5km S of Garden Well

• 547,000 oz resource estimated in Q1

• Infill drilling continues to return high grades

• EM survey nearing completion to target extensional drilling

• Rosemont South

• Strong intercepts outside current reserves

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

• 15,000m drilled in Q2 & continuing

• Rosemont Main

• 6,000m programme underway to test U/G targets below pit design

• Strong intercepts outside current reserves

• c10,000m of drilling remaining in phase 1

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Proximity to 10mtpa milling infrastructure presents excellent exploration opportunity

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TOOHEYS WELL GOLD PROJECT

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A SIGNIFICANT NEW PROJECT

• Gold shear zones hosted by chert, shale and BIF

• Early shallow AC holes ineffective

• Extensive drill-out in 2015 and 16 culminated in maiden resource at 0.4g/t lower cut:

Tonnes Gold Grade	Gold Metal
(Mt) (g/t)	(koz)
Inferred 14.6 1.16	547
Resource above 1.0g/t cut-off is
6.7Mt at 1.77g/t for 379koz –
70% of quoted resource

• Infill drilling underway for reserve estimation in Q3.

• Q2 infill results include:

• 41m @ 2.91g/t from 93m

• 42m @ 2.28g/t from 161m

• 10m @ 3.82g/t from 56m

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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 (2015/16)

• 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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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

• EM survey commenced Q2, refine model

  • & locate pyrrhotite host unit within BIF

• Follow with better targeted drilling in Q3

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ROSEMONT SOUTH & MAIN UNDERGROUND OPPORTUNITIES

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

Phase 1 drill programmes underway at Rosemont South and below Rosemont Main Pit:  Returning numerous high grade intercepts  Drilling to continue in Q3 and beyond

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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 95 holes for 15,480m in Q2 – numerous high grade intercepts shown above

• Drilling continuing Q3 and beyond

• Continued significant results pointing to both open pit and underground opportunities

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ROSEMONT SOUTH PROJECT

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DRILL RESULTS IN Q2

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

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

• Q2 Results (all outside reserves):

• 2m @ 108.5g/t Au from 125m

• 4m @ 27.29g/t Au from 162m

 2m @ 51.26g/t Au from 103m

 5m @ 16.21g/t Au from 125m

• 4m @ 19.81g/t Au from 193m

• 2m @ 38.55g/t Au from 261m

• Drilling continuing with focus on establishing continuity and geometry of high grade mineralisation

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ROSEMONT SOUTH PROJECT

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BUILDING ON DRILL RESULTS IN Q1

 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

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ROSEMONT MAIN PIT

UNDERGROUND PROJECT

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POTENTIAL FOR UNDERGROUND MINING INVENTORY EXTENSION

• Testing high grade shoots 100-200m vertically below ultimate open pit design depth

• Drilled 62 holes for 13,610m in Q2 – numerous results shown above

• Approx 10,000m drilling remaining in phase 1 programme

• Early holes drilled to date are encouraging for underground opportunities

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ROSEMONT MAIN PIT UNDERGROUND PROJECT

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DRILL RESULTS IN Q2

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

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

• Q2 Results (all outside reserves):

• 4m @ 82.05g/t Au from 249m

 4m @ 33.54g/t Au from 280m

• 13m @ 8.19g/t Au from 274m

 2m @ 39.28g/t Au from 241m

• 1m @ 76.80g/t Au from 263m

• 8m @ 8.51g/t Au from 283m

• Drilling continuing with focus on establishing continuity and geometry of high grade mineralisation

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2626

McPHILLAMYS (NSW)

FOCUS ON KEY INFRASTRUCTURE BEFORE MOVE TO PFS

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• 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

• Medium term development proposition

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• Recent quoted resources from public information

2727

McPHILLAMYS (NSW)

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INFILL DRILLING UNDERWAY FOR PFS

• Infill Drilling Underway

• 25,000m programme - 3 diamond & 1 RC rigs working

• Reduce drill pattern to 50x25m (nominal)

• 19 holes (7,250m) drilled in Q2.

• Significant results include:

  • 58m @ 2.74g/t Au from 45m

  • 121m @ 1.22g/t Au from 156m

  • 95m @ 1.38g/t Au from 257m

  • 83m @ 1.43g/t Au from 214m

  • 106m @ 1.00g/t Au from 195m

  • 62m @ 1.58g/t Au from 23m

• 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

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• Recent quoted resources from public information

2828

McPHILLAMYS (NSW)

EXPANDING MCPHILLAMYS RESOURCES AND FOOTPRINT

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• Entered into binding agreement to acquire the Blayney Gold Project for A$3.25m

• Tenement lies contiguous to the McPhillamys project licence and hosts two quoted Mineral Resource Estimates*:

• Discovery Ridge – 13.84Mt at 1.1g/t for 501koz’s

• Bald Hill – 37.0Mt at 0.5g/t for 595koz’s

• Acquisition expands the McPhillamys Gold Project footprint by 493 km[2]

• Discovery Ridge deposit located 32km away from the McPhillamys Gold Project by a major highway

• The economics of Discovery Ridge will be studied with a view to generating a satellite operation to be developed contemporaneously with the McPhillamys Project

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*Refer to the Regis announcement released on 23 February 2017

2929

RECAP OF PRESENTATION

• H1 FY17 gold production 154,702 ounces at AISC of A$949/oz

• Production run rate in-line with FY17 guidance as GW and RMT grades improve and Gloster comes on line

• AISC below lower end of FY17 guidance

• Cash and bullion holdings $129.7m (June 16: $123.3m)

• cash build after high spend on growth capex - Gloster & Erlistoun and $45m in dividend payments

• Interim fully franked dividend of 7cps ($35m) declared

• Continued strong drill results at Tooheys Well - reserve estimate expected in Q3

• Further encouraging extensional (open pit & u/g) drill results at Rosemont

• Drilling continuing at RMT South and RMT Main underground

• Major infill drill programme underway at McPhillamys – strong results to date

• Pushing project towards PFS

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3030

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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3131

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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