Slide 1: A future with growth
A future with growth For personal use only Corporate Presentation Jim Beyer – Managing Director and CEO May 2023
Slide 2: Cautionary statement
Cautionary statement This presentation contains only a brief overview of Regis Resources Limited and its associated entities (“Regis or RRL”) The Company confirms that it is not aware of any new information or data that materially affects the information included and their respective activities and
Slide 3: Corporate overview: Experienced and diverse leadership
Corporate overview Experienced and diverse leadership Board Key Management ASX:RRL For personal use only Non-Executive Chair Chief Operating Officer Shares on issue James Mactier Stuart Gula 755M Share price Managing Director Chief Financial Officer A$2.141 Jim Beyer Anthony Rechichi Market Capitali
Slide 4: Long life assets in tier locations
Long life assets in tier 1 locations 10+ years Darwin Strong platform to launch disciplined growth McPhillamys • One of Australia’s largest For personal use only Duketon 6+ years NT undeveloped open-pittable gold deposits • Stabilised operational performance • Final NSW approval QLD • Substantial gr
Slide 5: Investment highlights
Investment highlights A strong financial platform with multiple growth options 100% in Australia For personal use only High quality portfolio Strong financial platform Organic growth • Targeting 500koz/year • FY23 H1 US$132M underlying EBITDA • McPhillamys Project • 100% Australian assets • FY23 H1
Slide 6: ESG highlights
ESG highlights Continued progress year on year For personal use only LTIFR Carbon reduction 0.6 Solar farm Female employees Community ($) 22% 32% Installation of 9MW solar farm (Duketon) a future with growth 6
Slide 7: Cash flow and profitability margins to improve from H2 FY23
Cash flow and profitability margins to improve from H2 FY23 A business with scale and multiple organic growth options Group production targets (koz) For personal use only FY23 Guidance# Gold Production 450-470koz AISC US$1,203-$1,236/oz 450-500 500+ 500+ Growth Capital US$121M-$134M 450-470 437 Expl
Slide 8: With the investment phase behind us, enter cash build
With the investment phase behind us, enter cash build Cash build commenced in June quarter 2023 Investment phase saw ~US$235M invested in growth Cash build phase For personal use only 180 Cash balance (US$M) Jun Q FY23 Commercial production at Garden Well underground 155 (Duketon) 139 137 Commercial
Slide 9: Tropicana – a genuine tier asset
Tropicana – a genuine tier 1 asset Reliable cash flow generation with an increasing production profile For personal use only Gold production Growth capex Mine life targeted to Strong cash increases to ~150koz decreasing from extend beyond 10+ generation over the from FY24 onwards FY24 onwards years
Slide 10: Tropicana outlook
Tropicana outlook Production has outperformed the original project since 2017 For personal use only a future with growth 10
Slide 11: Tropicana – a genuine tier asset
Tropicana – a genuine tier 1 asset Long term mine life with no end in sight Boston Shaker Gold production increases to For personal use only ~150koz from FY24 Tropicana Growth capex decreasing from FY24 Strong cash generation over the life of the mine 26m @ 4.9g/t 34m @ 4.0g/t Mine life targeted to
Slide 12: Tropicana – a genuine tier asset
Tropicana – a genuine tier 1 asset Long term mine life with no end in sight For personal use only a future with growth 12
Slide 13: Tropicana – a genuine tier asset
Tropicana – a genuine tier 1 asset Long term mine life with no end in sight For personal use only Feed from undergrounds increasing year on year Mill throughput at 9-10Mtpa at ~3g/t (20% UG, 50% OP, 30% SP) Open pit feed from Havana commenced in FY23 Commenced exploration drive to evaluate at 1.5g/t
Slide 14: Duketon regional geology
Duketon regional geology Another highly prospective greenstone belt in the goldfields The Archean Duketon Greenstone belt is a 100 x 50 km geological domain with strong affinities to the highly gold endowed Laverton For personal use only Greenstone Belt to the south Multiple gold mineralisation tren
Slide 15: Duketon life of mine feed
Duketon life of mine feed* Potential to increase life from both underground and open pit operations FY23 FY24 FY25 FY26 FY27 FY28 FY29+ For personal use only DNO Open Pits (2-3Mtpa) Commonwealth DNO Stockpiles DSO Open Pits (3.5-5.5Mtpa) Kennecott, King John DSO Underground (1-1.5Mtpa) Resource conv
Slide 16: Duketon underground Reserve development
Duketon underground Reserve development Outpacing depletion Increasing underground production to ~1.5Mtpa run rate by end of FY23 For personal use only 40% of Duketon gold production Shear related mineralisation hosted within well-defined lithology Open along strike and at depth with significant exp
Slide 17: Duketon returned to reliable production
Duketon returned to reliable production 300koz+ producer where the transition underground is showing its potential For personal use only Initial Target Zone Exploration decline over 500m Drilling results continue to Initial drilling has returned visible gold, into Garden Well Main indicate a large b
Slide 18: Duketon underground Reserve development
Duketon underground Reserve development Behaving like the “typical” WA underground and replacing Reserves For personal use only a future with growth 18
Slide 19: Duketon underground Reserve development
Duketon underground Reserve development Behaving like the “typical” WA underground and replacing Reserves For personal use only a future with growth 19
Slide 20: Duketon open pit Reserve development
Duketon open pit Reserve development Follow up drilling continues through FY23 For personal use only Base load of Open Pit feed from Moolart Well (DNO) and Garden Well (DSO) DNO produces 2-3Mtpa DSO produces 3.5-5.5Mtpa Supported by satellite pits Well established road network and infrastructure Thi
Slide 21: Duketon open pit Reserve development
Duketon open pit Reserve development Development activity commenced at Ben Hur For personal use only North Drilling Kennecott Lode to expand Ben Hur pit a future with growth 21
Slide 22: Duketon open pit Reserve development
Duketon open pit Reserve development Follow up drilling continues through FY23 For personal use only a future with growth 22
Slide 23: A future of growth: the longer you explore the more you find
A future of growth On greenstone belts the longer you explore the more you find For personal use only Kalgoorlie- Norseman Belt Belt Ounces >90% ownership of Laverton Belt 160Moz entire belts 40Moz Yilgarn Craton Leonora -Wiluna Murchison Belt 32Moz 32Moz Albany Fraser Southern Archean Belt Cross 15
Slide 24: A future of growth: under-explored area showing potential
A future of growth Under-explored area is showing its potential 1km aircore anomaly on Rosemont North Trend Bandya For personal use only 9m @ 2.81 g/t (80 – 89m) 8m @ 1.70 g/t (72 – 80m) Moolart Well Mill Promising results on the Rosemont South Trend Rosemont Rosemont Mill North Trend Maverick Garde
Slide 25: McPhillamys – long life mine
McPhillamys – long life mine Top tier project producing up to 200koz per year over 10+years in Australia NSW state IPC determination received in March For personal use only 2023 Expecting response on Federal Section 10 shortly Final investment decision expected March quarter FY24 Design is a 7Mtpa t
Slide 26: McPhillamys – hosted on a prospective gold belt
McPhillamys – hosted on a prospective gold belt Further drilling could see more options added to the future mine plan For personal use only Discovery Ridge has 390koz in Resource Encouraging drill intercepts and with further drilling has the across the road at Kings Plains potential for Reserve addi
Slide 27: Balance sheet as at March 2023
Balance sheet as at 31 March 2023 Strong balance sheet provides platform for growth Cash and bullion balance of US$137M1 as at 31 March 2023 For personal use only US$201M term loan facility matures in May 2024, planned to be refinanced Refinancing to also consider funding options for McPhillamys Str
Slide 28: The investment case
The investment case The Regis recipe for outperformance Strong financial platform For personal use only Generate robust operating cash flows Long Reserve life with a production growth profile Exclusively in Tier 1 locations Progressive and measured approach to ESG Dominant positions on prospective g
Slide 29: Further information
For personal use only Further information Ben Goldbloom Head of Investor Relations + 61 8 9442 2200
Slide 30: Reserve Table
Reserve Table ORE RESERVES as at 31 December 2021 (Regis Attributable) Gold Proved Probable Total Ore Reserve Competent Person3 Cut-Off Tonnes Gold Grade Gold Metal Tonnes Gold Grade Gold Metal Tonnes Gold Grade Gold Metal Project 1 Equity Type 2 (g/t) (Mt) (g/t) (koz) (Mt) (g/t) (koz) (Mt) (g/t) (k
Slide 31: Resource Table
Resource Table MINERAL RESOURCES as at 31 December 2021 (Regis Attributable) Gold Measured Indicated Inferred Total Resource Competent Person2 Cut-Off Tonnes Gold Grade Gold Metal Tonnes Gold Grade Gold Metal Tonnes Gold Grade Gold Metal Tonnes Gold Grade Gold Metal Project1 Equity Type (g/t) (Mt) (