A FUTURE WITH GROWTH 1

29 NOVEMBER 2021 ASX:RRL Jim Beyer – Managing Director & CEO

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 that are subject to risk factors associated with gold exploration, mining and production businesses. It is believed that the forward looking statements in this presentation are reasonable based on information available as at the date of this presentation but 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. These risk factors include, but are not limited to, changes in commodity prices, foreign exchange fluctuations and general economic conditions, increased costs and demand for production inputs, the speculative nature of exploration and project development, including the risks of obtaining necessary licenses and permits and diminishing quantities or grades of reserves, political and social risks, changes to the regulatory framework within which the Company operates or may in the future operate, environmental conditions including extreme weather conditions, recruitment and retention of personnel, industrial relations issues and litigation. Readers are cautioned not to place undue reliance on forward looking statements. No representation or warranty, express or implied is made as to the accuracy, currency or completeness of the information in this presentation, nor the future performance of Regis. Except as required by applicable law or regulations, Regis does not undertake to publicly update or review any forward-looking statements, whether as a result of new information or future events. 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 production targets and associated forecast financial information is extracted from the ASX announcement released 29 July 2021 entitled "Quarterly Report to 30 June 2021". Mineral Resources and Ore Reserves is extracted from the Mineral Resource and Ore Reserve Statement released to the ASX on 21 April 2021 & 15 June 2021 (the Relevant ASX Announcements). Exploration Results are extracted from the Exploration Update April to September 2021 released to the ASX on 18 November 2021.

In each case, appropriate Competent Person's consents were obtained for the release of that information in the Relevant ASX Announcements and those 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 Relevant ASX Announcements and in each case the Production Targets, forecast financial information and estimates of Mineral Resources or Ore Reserves, that all material assumptions and technical parameters underpinning that information in the Relevant 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.

Past performance and pro-forma financial information given in this document, including in relation to upgrades to resources and reserves, is given for illustrative purposes only and should not be relied upon as (and is not) an indication of future performance, nor of Regis' views on the Company's future financial performance or condition. Investors should note that past performance of Regis, including the historical trading prices of its shares, cannot be relied upon as an indicator of (and provides no guidance as to) Regis' future performance, including the future trading price of its shares. The historical information included in this presentation is, or is based on, information that has previously been released to the market.

As noted above, an investment in Regis shares is subject to known and unknown risks, some of which are beyond the control of Regis. Regis does not guarantee any particular rate of return or the performance of the Company, nor does it guarantee the repayment of capital from Regis or any particular tax treatment.

The distribution of this presentation (including an electronic copy) outside of Australia (including the United States) may be restricted by law and any such restrictions should be observed. Any non-compliance with these restrictions may contravene applicable securities laws.

A FUTURE OF GROWTH

Strong financial platform to launch future growth

On a growth journey

A$532m in dividends paid since 20131

Strong value growth profile

Total Resources2 10.4Moz

Total Reserves2 4.8Moz

(1) Including 3cps declared 31 August 2021. (2) ASX release – Mineral Resource and Ore Reserves Statement – 21 April 2021 & 15 June 2021.

4 FY21 DELIVERED GROWTH ACROSS KEY VALUE DRIVERS

Increases in Production, Reserves and Resources

Acquisition of 30% INTEREST in Tropicana Gold Project

35% increase

in Group MINERAL RESOURCES

Commenced DEVELOPMENT of Garden Well Underground Mine

33% increase in Group ORE RESERVES

Acquisition of BEN HUR GOLD deposit Mineral Resource of

10.3m tonnes

At 1.2g/t gold for 390,000 OUNCES

NPAT of A$146m NPAT Margin of 18% EPS of 26 cents per share

EBITDA1 of A$403m EBITDA Margin 49%

Full Year Dividends 7c per share 3.3% basic yield 4.7% grossed up yield4

EBITDA is an adjusted measure of earnings before interest, taxes, depreciation and amortisation. EBITDA is non-IFRS financial information and is not subject to audit.

PROGRESSIVE APPROACH TO ESG

Aligning to UN Sustainable Development Goals and the Task Force on Climate-related Financial Disclosures

Key Additional 2022 objectives:

Increase rate of land rehabilitation.
Increasing direct community investment and support.
Ongoing improvement in safety by targeting lower all injury rates
Increase water use efficiency
Set and action emission reduction targets
Implement formal Heritage training for workforce

6 FY22 PERFORMANCE GUIDANCE

Production set to grow

Step change in gold production in FY22 driven by 30% interest in Tropicana.

Operation	Duketon	Tropicana(30%)	Group
Production (koz)	340 –	120 –	460 –
	380	135	515
AISC (A$/oz)	1,340 -	1,140 -	1,290 -
	1,410	1,230	1,365
Growth Capital (A$M)1	85 -	70 -	155 -
	90	75	165
Exploration andMcPhillamys(A$M)	35	8	722

Challenges continue in Q2 with the outlook for Duketon still expected to see a strong lift in H2.
Overall production anticipated in the lower half of the guidance range.
Skilled labour availability,
Addressing metallurgical complexity of Tooheys Well,
COVID related impacts,

Growth Capital includes open pit and underground pre-production mining costs, pre-strip costs, camp expansion costs and other growth related project and property, plant and equipment costs
Group includes guidance for expenditure associated with McPhillamys of A$29 million for FY22

Increasing Business Value

7 KEY ELEMENTS OF VALUE GROWTH

Exploration Life Extension Growth

McPhillamys Step Change Growth

Grow Open Pits & Undergrounds

New mines and extensions to existing mines

Tropicana (30%) Moolart Well Garden Well Rosemont

Time

DUKETON OPERATION OVERVIEW

Under-explored greenstone belt in a tier 1 jurisdiction

5.4Moz in Resources and 2.0Moz in Reserves

Three operating centres in Garden Well, Moolart Well and Rosemont

FY22 Guidance**: 340-380koz at A$1340-A$1410/oz**

History of reserve replacement

Increasing Business Value

9 KEY ELEMENTS OF VALUE GROWTH

Grow Open Pits & Undergrounds

New mines and extensions to existing mines

Tropicana (30%) Moolart Well Garden Well Rosemont

Time

10 GROWTH FROM UNDERGROUND

Value created with high grade UG ore displacing lower grade OP ore

Now with two underground mines

GARDEN WELL MAIN

Potential UG at Garden Well Main to grow on existing Garden Well South UG Feasibility Material mined of 1.8Mt @ 3.2 g/t Au for 190koz

FURTHER UG GROWTH PROJECTS IN THE EVALUATION PIPELINE

11 GROWTH FROM OPEN PITS

Significant advances to multiple projects

Buckingham- Wellington (Moolart Well)

Most significant fresh-rock mineralisation ever from Moolart
High-grade intersection suggest excellent potential to define high grade shoots beneath the extensive oxide mineralisation

Ben Hur Project

Thick, high-grade extensions down dip are expected to grow the open pit resources
Deeper intercepts show early indications of potential UG lodes

12 TROPICANA OPERATION OVERVIEW

Joint Venture between AngloGold Ashanti (70%) & Regis (30%)

2.3Moz in Resources and 0.8Moz in Reserves (30%)

Low cost, high margin operation currently in an investment phase

FY22 Guidance @30%: 120-135koz at A$1140-A$1230/oz

Strong history of reserve replacement with all deposits open at depth and clear pathway to extend mine life

Production returning to 450koz – 500koz (at 100%) as increasing high-grade ore delivered from Havana OP and Boston Shaker UG

Processing grown to 9Mtpa with further optimisation available
Havana OP and multiple UG mines supporting a 10+ year operational future
Boston Shaker UG
- full production rate of 1.1Mtpa
- increased grade mill feed
Additional UG mining opportunities at Tropicana Gold Mine
Havana UG will form part of a PFS study in 2022
Approximately 2Mtpa from UG in 2027 onwards if studies are successful

Increasing Business Value

14 KEY ELEMENTS OF VALUE GROWTH

McPhillamys Step Change Growth

Grow Open Pits & Undergrounds

New mines and extensions to existing mines

Tropicana (30%) Moolart Well Garden Well Rosemont

15 MCPHILLAMYS – APPROVALS UPDATE

One of Australia's largest undeveloped open pit gold resources

MINERAL RESOURCE 2.29 Moz Au

Production Up to ~200kozpa Au

ORE RESERVE 2.02 Moz Au

Satellite Project

Discovery Ridge 390koz Au Resource Multiple additional targets

Surface Water Licenses remain the key outstanding element to obtaining DPIE recommendation – DPIE-planning and DPIE-water actively involved in establishing an outcome.

Update on other key activities :

DFS in progress, to be finalised on receipt of Approval conditions.
ATSIHP Section 10 (Federal act) application assessments commenced. Extensive Heritage reviews completed strongly indicate limited unique heritage risk
Mining lease application underway. A survey gap dating back over 100 years resulting in a very small area, ~74m2, potentially requiring a Right to Negotiate process.

16 KEY ELEMENTS OF VALUE GROWTH

Exploration Life Extension Growth

McPhillamys Step Change Growth

Grow Open Pits & Undergrounds

New mines and extensions to existing mines

Tropicana (30%) Moolart Well Garden Well Rosemont

Time

17 A FUTURE OF GROWTH

Dominant positions in two highly prospective greenstone belts

Position of Strength

Favourable mining jurisdiction of Western Australia
Large under-explored greenstone belts
Long-term operational optionality with 3 mills at Duketon and belt dominance at Tropicana with the only gold mill within 100's of kilometres

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REGIS RESOURCES LIMITED Investor Presentation 2021

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