REGIS RESOURCES LIMITED — Investor Presentation 2021

Aug 1, 2021

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Diggers & Dealers Mining Forum – JIM BEYER Managing Director & CEO

2 August 2021 ASX:RRL

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CAUTIONARY 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 Australian Securities Exchange (ASX) announcement released 29 April 2021 entitled “Quarterly Report to 31 Mar 2021”. Unless otherwise stated, 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). 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place for subsequent releases by the Company of the same information in the same form and context, until the consent is withdrawn or replaced by a subsequent report and accompanying consent.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.

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

Where any $AUS to $US conversion is made an exchange rate of 0.75 is assumed.

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McPHILLAMYS PROJECT
2.0 Moz Ore Reserve
Potential ~200 kozpa Au
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MOOLART WELL
2.5Mtpa
ROSEMONT2.0Moz in ReservesGARDEN WELL
5Mtpa
2.5Mtpa
McPHILLAMYS PROJECT
2.0 Moz Ore Reserve
Potential ~200 kozpa Au
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CONSISTENCY & GROWTH

Elevating Sustainability Reporting

Strong Financial Position

Low Cost Producer

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Consistent and Reliable Performance

A$509m in dividends paid since 2013

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Strong Value Growth Profile

ASX Code RRL Market capitalisation[1] A$2.0B Total Resources[2] 10.4Moz Total Reserves[2] 4.8Moz

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TROPICANA
9Mtpa
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(1) As at 29 July 2021. (2) ASX release – Mineral Resource and Ore Reserves Statement – 21 April 2021 & 15 June 2021

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TRANSPARENT ESG REPORTING

Delivering improved safety results

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

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Safety &
6.0 Environmental Health
Stewardship
Supply
5.0 Lost Time Injury Frequency Rate Chain
4.0
Shared Values
3.0 Risk with Host
Management Communities
2.0
Employment +
1.0 1.3 Workforce
Management
Corporate
0.0 Conduct
Mar-20 May-20 Jul-20 Sep-20 Nov-20 Jan-21 Mar-21
Indigenous
Opportunities +
Respect for Culture
22% 33%
Female employees Female Board members
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FY22 PRODUCTION & COST GUIDANCE

Operation	Duketon	Tropicana(30%)	Group
Production (oz)	340,000 – 380,000	120,000 – 135,000	460,000 – 515,000
C1 (A$/oz)	1,080 – 1,140	1,045 – 1,125	1,070 – 1,135
AISC (A$/oz)	1,340 - 1,410	1,140 - 1,230	1,290 - 1,365
Growth Capital (A$M)	85 - 90	70 - 75	155 - 165
Exploration(A$M)	35	8	43
0 100,000 200,000 300,000 400,000 500,000 Ounces

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GROWTH – RESOURCES, RESERVES & PRODUCTION

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Group Mineral Resources increased by 35% to 10.4Moz with 0.4Moz at Duketon and 2.3Moz from Tropicana

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Group Ore Reserves increased by 33% to 4.8Moz with 0.4Moz at Duketon and 0.8Moz from Tropicana

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Operating life at Duketon extended to 2028 with significant low-grade, oxide resources being exploited to extend the life of the operation

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Tropicana resources and reserves support a 10+ year production outlook

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16
Resource & Reserve Growth with Cumulative Production
14
12
10
8
6
4
2
0
2017 2018 2019 2020 2021
Resources Reserves Cumulative Production
Ounces (million)
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KEY ELEMENTS OF VALUE GROWTH

Exploration & Optimisation Life Extension Growth

McPhillamys Gold Project Step Change Growth

Additional Underground Mines Incremental Growth Tropicana Mine (30%) Step Change Growth Moolart Well Garden Well Rosemont Consistent & Reliable

Time

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MOOLART WELL
DUKETON PROJECT 2.5Mtpa
ROSEMONT
2.5Mtpa GARDEN WELL
5Mtpa
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DUKETON OPERATION OVERVIEW

FY22 Guidance	Duketon
Production (oz)	340,000 – 380,000
C1 (A$/oz)	1,080 – 1,140
AISC (A$/oz)	1,340 - 1,410
Growth Capital (A$M)	85 - 90
Exploration(A$M)	35

5.4Moz in Resources and 2.0Moz in Reserves

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Three operating centres in Garden Well , Moolart Well and Rosemont

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Consistent and reliable gold production

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History of reserve replacement

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INCREMENTAL GROWTH FROM UNDERGROUND Now with two underground mines

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

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FEASIBILITY MATERIAL MINED
1.8Mt @ 3.2 g/t Au for 190koz Au
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MORE UG PROJECTS IN THE EVALUATION PIPELINE
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TROPICANA OPERATION OVERVIEW Joint Venture between AngloGold Ashanti (70%) & Regis (30%)

FY22 Guidance Production(oz) C1(A$/oz) AISC (A$/oz) Growth Capital (A$M) Exploration(A$M)	Tropicana(30%)
	120,000 – 135,000
	1,045 – 1,125
	1,140 - 1,230
	70 - 75
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Life-of-mine
10+
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2.3Moz in Resources and 0.8Moz in Reserves (30%)

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Low cost, high margin operation currently in an investment phase

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

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Returning to 450koz – 500kozpa production as increasing high grade ore is delivered from Havana OP and Boston Shaker UG

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TROPICANA – MULTIPLE GROWTH OPPORTUNITIES

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Life-of-mine
10+
years
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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

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MCPHILLAMYS – APPROVALS IN FINAL STAGE

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Life-of-mine
10+
years
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MINERAL RESOURCE 2.29 Moz Au

ORE RESERVE 2.02 Moz Au

PRODUCTION Up to ~200kozpa Au SATELLITE PROJECT Discovery Ridge 390koz Au Resource

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One of Australia’s largest undeveloped open pittable gold resources

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REGIONAL EXPLORATION
Dominant land positions
and underexplored
satellite deposits
Angel Eyes
Central
Matts Bore Zone MOOLART WELL Targeting new +1Moz Springbok
discoveries TROPICANA
Betelgeuse
Rusty Nail
Risden Well
100km Campervan
ROSEMONT 100km
Madras
GARDEN WELL
New Zebra
Western
Sediments
Exploration Exploration
Swincers
Budget Budget $27m
$33m $8m (30%)
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Albany Fraser Belt

Duketon Greenstone Belt

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CONSISTENCY & GROWTH

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Further information: Jim Beyer | Managing Director & CEO + 61 8 9442 2200