REGIS RESOURCES LIMITED — Investor Presentation 2021

Feb 9, 2021

==> picture [35 x 540] intentionally omitted <==

==> picture [552 x 128] intentionally omitted <==

– Bell Potter Unearthed Conference 10 February 2021 – JIM BEYER MD & CEO

==> picture [128 x 42] intentionally omitted <==

==> picture [96 x 19] intentionally omitted <==

2

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 27 Jan 2021 entitled “Quarterly Report to 31 Dec 2020”. Unless otherwise stated, Production Targets and associated forecast financial information is extracted from the ASX announcement released 27 Jan 2021 entitled “Quarterly Report to 31 Dec 2020”. Financial information relating to the year ended 30 June 2020 is extracted from the ASX announcement released 26 August 2020 entitled “FY2020 Financial Results Presentation” and Mineral Resources and Ore Reserves is extracted from the Mineral Resource and Ore Reserve Statement released to the ASX on 24 August 2020 (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

==> picture [76 x 540] intentionally omitted <==

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

3
----- End of picture text -----

CORPORATE OVERVIEW

CAPITAL STRUCTURE

ASX Code RRL Issued capital[1] 512m shares Market capitalisation[2] A$1.9b Cash and gold on hand[3] A$220m Borrowings[3] Nil Resources[4] 7.7Moz Reserves[4] 3.6Moz

BOARD & MANAGEMENT

James Mactier Jim Beyer Steve Scudamore Independent Managing Director Independent Non-Executive Chairman Non- Executive Director

Lynda Burnett Fiona Morgan Russell Barwick Independent Independent Independent Non-Executive Director Non-Executive Director Non-Executive Director

Jon Latto

Stuart Gula

CFO & Chief Operating Officer Company Secretary

1. Appendix 2A 14 Dec 2020

2. Source: ASX.com.au 8 Feb 2021 at A$3.65/sh

12 MONTH SHARE PRICE PERFORMANCE

==> picture [412 x 180] intentionally omitted <==

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

25 7.00
6.00
20
5.00
15
4.00
3.00
10
2.00
5
1.00
0 0.00
Volume Share Price
$AUD
Millions
----- End of picture text -----

SHAREHOLDER DISTRIBUTION (% ISSUED SHARES)

==> picture [160 x 159] intentionally omitted <==

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

6%
8%
33%
17%
36%
----- End of picture text -----

Australian Institutions USA Institutions UK Institutions Rest of Europe Institutions Other

1. As at 31 Dec 2020

2. ASX release – Mineral Resource and Ore Reserves Statement – 24 Aug 2020

4

CONSISTENCY & GROWTH

==> picture [49 x 35] intentionally omitted <==

==> picture [37 x 36] intentionally omitted <==

==> picture [36 x 36] intentionally omitted <==

==> picture [51 x 59] intentionally omitted <==

Transparent Sustainability Reporting

Strong Financial Position

Consistent Dividend Payer

Low Cost Producer

Consistent and Reliable Performance Internally Driven Value Growth Profile

==> picture [393 x 296] intentionally omitted <==

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

MOOLART WELL
----- End of picture text -----

MOOLART WELL 2.5Mtpa McPHILLAMYS PROJECT 2 Moz Ore Reserve Potential ~200 Kozpa Au GARDEN WELL ROSEMONT 5Mtpa 2.5Mtpa

==> picture [960 x 540] intentionally omitted <==

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

TRANSPARENT SUSTAINABILITY AND ESG REPORTING
5
Aligning to UN Sustainable Development Goals
Safety &
Environmental Health
Stewardship
Supply
Chain
Shared Values
with Host
Risk
Communities
Management
Employment +
Workforce
Management
Corporate
Conduct
Indigenous
Opportunities +
Respect for Culture
Our Values : Courage Respect Teamwork Integrity Ownership
----- End of picture text -----

==> picture [76 x 540] intentionally omitted <==

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

6
----- End of picture text -----

COVID-19 RISK MANAGEMENT Health & Safety of our workforce of primary concern

• Primary objective to protect the health and wellbeing of Regis employees, contractors, their families and the communities in which we operate

• Health screening for all persons entering the operations

• Extended rosters to reduce travel exposure and relocated employees (now returned to normal roster)

• Social distancing of all workers and restricted high risk facilities

• Continuous, thorough disinfecting of equipment and PPE

• Regular communications with employees and contractors regarding health and safety, mental health and other support services

==> picture [442 x 175] intentionally omitted <==

==> picture [271 x 175] intentionally omitted <==

==> picture [76 x 540] intentionally omitted <==

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

7
----- End of picture text -----

==> picture [13 x 15] intentionally omitted <==

==> picture [13 x 15] intentionally omitted <==

==> picture [13 x 14] intentionally omitted <==

==> picture [13 x 14] intentionally omitted <==

==> picture [13 x 15] intentionally omitted <==

PEOPLE – THE FOUNDATION OF OUR SUCCESS Total 950 people – 338 employees & 612 contractors

Lost Time Injury Frequency Rate

6.0 5.0 4.0 3.0 2.0 1.0

0.0

Renewed focus on safety performance and training

Pockets of excellence but overall outcomes still inconsistent

Risk management process upgrade improving hazard identification and controls

Trending incident hotspots under detailed review

Safety Leadership training across leadership group focussing on behavioural based safety culture

==> picture [246 x 540] intentionally omitted <==

==> picture [76 x 540] intentionally omitted <==

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

8
----- End of picture text -----

==> picture [19 x 21] intentionally omitted <==

==> picture [19 x 21] intentionally omitted <==

==> picture [19 x 21] intentionally omitted <==

==> picture [19 x 21] intentionally omitted <==

FY21 HALF YEAR HIGHLIGHTS

H1 Production 172,978 ounces

H1 AISC A$1,356 per ounce

McPhillamys’ Development Application awaiting NSW DPIE recommendation

Rosemont Underground production continues to improve

Garden Well Underground Project approved

Paid $41m fully franked dividend (total of $82m for FY20)– bringing total since 2015 to $488m, all fully franked

Cash & Bullion At end H1 A$220m

==> picture [76 x 540] intentionally omitted <==

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

9
----- End of picture text -----

LOOKING FORWARD – THIS YEAR

Production rate is planned to lift in the second half of the year

FY21 CURRENT GUIDANCE

==> picture [17 x 19] intentionally omitted <==

Gold Production 355,000 - 380,000 ounces

==> picture [17 x 19] intentionally omitted <==

C1 Cash Costs including royalties A$1,030 - 1,090 per ounce All in Sustaining Cost A$1,230 - 1,300 per ounce

==> picture [17 x 19] intentionally omitted <==

==> picture [17 x 19] intentionally omitted <==

Growth Capital A$50 – 60 million

==> picture [17 x 18] intentionally omitted <==

Exploration A$35 million

==> picture [17 x 19] intentionally omitted <==

McPhillamys A$15 million

Key H2 Deliverables:

• Contractor productivity improvement project

• Rosemont UG Main Zone ramp-up

• Manage geotech impacts at Garden Well Open Pit

• Managing ongoing COVID impacts

• Plant performance and reliability improvement projects

Growth Capital includes open pit and underground pre-production mining costs, site infrastructure and camp expansion costs

McPhillamys spend for FY21 is a minimum of A$15m. Regis will assess additional early long lead items and in the case of early approval of the Company’s Development Application by the Independent Planning Commission, the expenditure on McPhillamys for FY21 could be approximately A$60m.

==> picture [248 x 540] intentionally omitted <==

10

THREE KEY ELEMENTS OF INTERNAL VALUE GROWTH

Exploration & Optimisation Life Extension Growth

McPhillamys Gold Project Step Change Growth Underground Contribution Incremental Growth Moolart Well Garden Well Rosemont

Time

11

THREE KEY ELEMENTS OF INTERNAL VALUE GROWTH

Internal Growth from Underground Operations Underground Contribution Incremental Growth Moolart Well Garden Well Rosemont

Potential Incremental Additions at Duketon - Garden Well Underground approved Rosemont Underground Extension Gloster Underground Potential Production Step Change McPhillamys Gold Project Discovery Ridge Mine Life Extensions Ben Hur Open Pit Moolart Well Open Pit Expansion Ramp up in Regional Exploration Time

==> picture [514 x 57] intentionally omitted <==

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

Time
----- End of picture text -----

12

==> picture [233 x 540] intentionally omitted <==

INCREMENTAL GROWTH FROM UNDERGROUND Value created with high grade UG ore displacing lower grade OP ore

GARDEN WELL UG PROJECT APPROVED AND UNDERWAY

Physicals
Material mined	1.85Mt
Diluted mine gold grade	3.2g/t
In situ Au mined	190Koz
Mill recovery	93%
Au produced	176Koz
Capital cost
Preproduction capitalised development	A$20m
Preproduction capital items	A$18m
Development capital (post commercialproduction)	A$38m
Total LOM capital cost	A$76m
Post Commercial Production
All in Sustaining Costs (AISC)	A$950 - 1050/oz
Growth Capital	A$15-20m

==> picture [423 x 278] intentionally omitted <==

FS Material Mined	Tonnage (Mt)	Au (g/t)	Au (Koz)
Probable Ore Reserves	0.90	3.4	98
Inferred Mineral Resources	0.95	3.0	92
Total in FS	1.85	3.2	190

13

==> picture [233 x 540] intentionally omitted <==

INCREMENTAL GROWTH FROM UNDERGROUND Value created with high grade UG ore displacing lower grade OP ore

==> picture [624 x 387] intentionally omitted <==

14

INCREMENTAL GROWTH FROM UNDERGROUND Value created with high grade UG ore displacing lower grade OP ore

==> picture [222 x 243] intentionally omitted <==

==> picture [338 x 246] intentionally omitted <==

==> picture [254 x 175] intentionally omitted <==

MORE PROJECTS IN THE EVALUATION PIPELINE

==> picture [221 x 540] intentionally omitted <==

15

THREE KEY ELEMENTS OF INTERNAL VALUE GROWTH

Internal Growth from McPhillamys Gold Project

McPhillamys Gold Project Step Change Growth Underground Contribution Incremental Growth Moolart Well Garden Well Rosemont

Potential Incremental Additions at Duketon Garden Well Underground Rosemont Underground Extension Gloster Underground Potential Production Step Change McPhillamys Gold Project Discovery Ridge Mine Life Extensions Ben Hur Open Pit Moolart Well Open Pit Expansion Ramp up in Regional Exploration Time

16

MCPHILLAMYS – APPROVALS APPROACHING FINAL STAGE

==> picture [582 x 348] intentionally omitted <==

One of Australia’s largest undeveloped open pittable gold resources

MINERAL RESOURCE 2.29 Moz Au

ORE RESERVE

2.02 Moz Au

PRODUCTION Up to ~200 Kozpa Au

SATELLITE PROJECT

Discovery Ridge - 390koz Au Resource

	PRE-FEASIBILITY STUDY PHYSICALS1	PRE-FEASIBILITY STUDY PHYSICALS1
	Ore milled (Million tonnes)		60.1
	Grade (g/t)		1.05
	Recovery (%)		85
	LOM gold produced (oz)		1,728,000
	Avg annual production (oz)		192,000
	Strip ratio (volume w:o)		4.29

1. Refer to Regis ASX announcement released on 8 September 2017 for further details. Results to be updated as part of the DFS.

17

THREE KEY ELEMENTS OF INTERNAL VALUE GROWTH

==> picture [878 x 404] intentionally omitted <==

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

Internal Growth from Exploration & Project Optimisation
Exploration & Optimisation Potential Incremental Additions at Duketon
Life Extension Growth Garden Well Underground
McPhillamys Gold Project Rosemont Underground Extension
Step Change Growth Gloster Underground
Underground Contribution
Incremental Growth Potential Production Step Change
McPhillamys Gold Project
Discovery Ridge
Moolart Well
Mine Life Extensions
Garden Well
Ben Hur Open Pit
Rosemont
Moolart Well Open Pit Expansion
Ramp up in Regional Exploration
Time
Increasing Business Value
----- End of picture text -----

18

BEN HUR ACQUISTION ADDS MINE LIFE

MINERAL RESOURCE

5.8Mt @ 1.6 g/t Au for 290 Koz Au

==> picture [245 x 291] intentionally omitted <==

6,883,7050N

POTENTIAL

• 2km long mineralised system open along strike and to depth

• Infill drilling confirming existing mineralisation

• Extensional drilling growing the mineralised envelope

19

MOOLART WELL OPTIMISATION Conversion of low-grade resources into reserves

• Conceptual work begun on the opportunities which may exist to extend the operating life if higher gold prices are used for Ore Reserve

• Significant low-grade, oxide resources could potentiall y be exploited and extend the life of the operation to more than 5 years

• Options are also being considered to debottleneck and expand the milling capacity to grow production and reduce costs

==> picture [349 x 463] intentionally omitted <==

20

ACCELERATING DISCOVERY AT DUKETON

==> picture [19 x 20] intentionally omitted <==

==> picture [19 x 20] intentionally omitted <==

==> picture [19 x 20] intentionally omitted <==

==> picture [19 x 20] intentionally omitted <==

Exploration budget increased to A$35m for FY21

Greenfields exploration portion now A$25m versus A$5-7m per year historically

on Accelerated exploration Ben Hur OP and high-grade UG extensions

Expanded Greenfields exploration activities on newly acquired tenure will generate new large gold targets (+1Moz)

==> picture [368 x 441] intentionally omitted <==

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

Central
Zone
Matts Bore
MOOLART WELL
Betelgeuse
Risden
Well
Campervan
ROSEMONT
GARDEN WELL
Western
Sediments
Swincers
----- End of picture text -----

21

THREE KEY ELEMENTS OF INTERNAL VALUE GROWTH

Exploration & Optimisation Life Extension Growth

McPhillamys Gold Project Step Change Growth Underground Contribution Incremental Growth

Moolart Well Garden Well Rosemont

Time

22

CONSISTENCY & GROWTH

==> picture [49 x 35] intentionally omitted <==

==> picture [37 x 36] intentionally omitted <==

==> picture [36 x 36] intentionally omitted <==

==> picture [51 x 59] intentionally omitted <==

Transparent Sustainability Reporting

Strong Financial Position

Consistent Dividend Payer

Low Cost Producer Consistent and Reliable Performance Internally Driven Value Growth Profile

==> picture [393 x 296] intentionally omitted <==

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

MOOLART WELL
----- End of picture text -----

MOOLART WELL 2.5Mtpa McPHILLAMYS PROJECT 2Moz Ore Reserve Potential ~200 Kozpa Au GARDEN WELL ROSEMONT 5Mtpa 2.5Mtpa

==> picture [76 x 540] intentionally omitted <==

==> picture [297 x 76] intentionally omitted <==

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