Slide 1: A Future with Growth Targeting: Duketon Site Visit
A FUTURE WITH GROWTH TARGETING: 1 Duketon Site Visit – 6 September 2022
Slide 2: Cautionary Statement
2 CAUTIONARY STATEMENT This presentation contains only a brief overview of Regis Resources Limited and its associated The Company confirms that it is not aware of any new information or data that materially affects entities (“Regis or RRL") and their respective activities and operations. The content
Slide 3: A Future of Growth
3 A FUTURE OF GROWTH Strong platform to launch future disciplined growth Elevating sustainability priorities Strong financial position Dominant positions in highly prospective belts On a disciplined growth journey Total Resources1 10Moz Total Reserves1 4Moz 1. ASX release – Mineral Resource and Ore
Slide 4: Regis - Investment Highlights
4 REGIS - INVESTMENT HIGHLIGHTS Strong platform to launch future disciplined growth Strong Financial Position1 Long Life - Cash and Gold on hand: $231m - Reserve life of 9 Years - Net Debt: $69m - Net Debt to FY22 EBITDA: 0.2x Scale Robust Margins - 4th Largest producer on ASX - FY22 40%2 EBITDA Mar
Slide 5: Progressive and Measured Approach to ESG
5 PROGRESSIVE AND MEASURED APPROACH TO ESG Strong progress in FY22 Lost Time Injury Frequency Rate 40% below WA industry average 23% female employees 27% of managerial and executive positions held by females 40% female directors Zero reportable environmental incidents Increasing rehabilitation rate
Slide 6: Growth Outlook
6 GROWTH OUTLOOK A business with scale and multiple organic growth options Group Production Targets (koz) Targeting 500koz per year by FY25 500+ 500+ 450-500 450-500 2 currently operating, reliable cash generating pillars 437 Duketon up to ~350koz per year 373 Tropicana up to ~150koz per year Curren
Slide 7: FY23 Production Guidance
7 FY23 PRODUCTION GUIDANCE Building to a 500koz producer In the closing stages of a transitional and re-capitalisation period Operation Duketon Tropicana (30%) Group LTIFR reduced from 4.7 to 0.6 in the last 3 years Production (koz) 320 - 355 130 - 145 450 - 500 Invested capital and improved AISC ($
Slide 8: Duketon – Regional Geology
8 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 Greenstone Belt to the south Gloster Multiple gold mineralisation trends, host r
Slide 9: A Future of Growth: On greenstone belts the longer you explore the more you find
9 A FUTURE OF GROWTH On greenstone belts the longer you explore the more you find… Kalgoorlie- Norseman Belt >90% ownership of Laverton Belt entire belts 160Moz 40Moz Belt Ounces Leonora- Wiluna Murchison Belt 32Moz 32Moz Albany Fraser Southern Yilgarn Craton Archean Belt Cross 15Moz (Tropicana) 10M
Slide 10: Duketon – Location & History
10 DUKETON – LOCATION & HISTORY A short but prosperous history Located ~130kn NE of Laverton Gold originally discovered in 1897 >3.5Moz of gold produced since 2010 First gold poured in August 2010 Open Pit mining commenced at Duketon in 2010 (Moolart Well-DNO) Labelled overview Garden Well commenced
Slide 11: Duketon Today – Operations Overview
11 DUKETON TODAY– OPERATIONS OVERVIEW Two distinct operating centres Duketon North - DNO Duketon South - DSO Open Pit: 26Mt @ 1.1g/t 880koz Open Pit: 4Mt @ 1.0g/t 140koz Reserves: Stockpiles: 3Mt @ 0.4g/t 30koz Underground: 3Mt @ 2.8g/t 260koz Stockpiles: 8Mt @ 0.4g/t 90koz Open Pits: Moolart Well +
Slide 12: Duketon Processing Overview
12 DUKETON PROCESSING OVERVIEW Modified to suit increasing proportion of fresh ore feed Processing plant capital investments include: Oxygen addition systems ‘Slamjets’ Liquid oxygen High-shear reactors Control system upgrades Other initiatives include: Critical equipment review and asset management
Slide 13: Duketon ESG Priorities
13 DUKETON ESG PRIORITIES Improved stakeholder engagement Year on year progress continued in FY22 Traditional Owners Pastoralists Shire Approved solar farm installation Rehabilitated land more than doubled in FY22 >35% reduction in bore field water extraction in FY22 Decarbonization review that asse
Slide 14: Duketon – LOM Mill Feed
14 DUKETON – LOM MILL FEED* Potential to increase life from both Underground and Open Pit sources FY23 FY24 FY25 FY26 FY27 FY28 FY29+ DNO Open Pits (2-3Mtpa) Commonwealth DNO Stockpiles DSO Open Pits (3.5-5.5Mtpa) Kennecott, King John DSO Underground (1-1.5Mtpa) Resource conversion and development o
Slide 15: Duketon Underground Reserve Development
15 DUKETON UNDERGROUND RESERVE DEVELOPMENT Behaving like the “typical” WA underground and replacing Reserves Increasing to ~1.5Mtpa run rate by end FY23 40% of Duketon gold production Shear related mineralisation hosted within well-defined lithology. Open along strike and at depth with significant e
Slide 16: Duketon Open Pit Reserve Development
16 DUKETON OPEN PIT RESERVE DEVELOPMENT Follow up drilling continues through FY23 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 Thick, higher-grade ex
Slide 17: A Future of Growth: Under-explored area is showing its potential
17 A FUTURE OF GROWTH Under-explored area is showing its potential Rosemont North Trend 1km aircore anomaly on Rosemont North Trend Moolart Well Mill Bandya Rosemont 9m @ 2.81 g/t (80 – 89m) South Trend 8m @ 1.70 g/t (72 – 80m) Rosemont Mill Promising results on the Rosemont South Trend Garden Well
Slide 18: A Future of Growth: Maverick Prospect
18 A FUTURE OF GROWTH Under-explored area is showing its potential Maverick Prospect Highly significant results to date include: Maverick 7m @ 19.76g/t Au (from 143m) EOH 11m @ 38.19g/t Au (from 83) 10m @ 2.80g/t Au (from 32m) 11m @ 1.52g/t Au (from 47m) Drilling currently on 100m spaced sections to
Slide 19: A Future of Growth: Bandya
19 A FUTURE OF GROWTH Under-explored area is showing its potential Bandya Bandya Prospect Wide space reconnaissance AC drilling defined large anomalism over 1km strike Better results to date include, 9m @ 2.81 g/t (80 – 89m), incl. 3m @ 7.6 g/t 8m @ 1.70 g/t (72 – 80m), incl. 4m @ 2.14 g/t Next phas
Slide 20: Underlying Value Still to be Realised
20 UNDERLYING VALUE STILL TO BE REALISED Value ratio not yet reflecting Reserve life or scale = FY22 gold production and Reserve life EV to FY22 EBITDA1 1,956koz 1,561koz 640koz 437koz 281koz 142koz 118koz 28yrs 13yrs 16yrs 9yrs 21yrs 16yrs 10yrs 9.2x 8.3x 8.3x 6.3x 6.0x 4.3x 3.9x NCM NST EVN RRL SB
Slide 21: The Investment Case
21 The Investment Case The Regis recipe for outperformance Strong financial platform Generate robust operating cash flows Long Reserve life with a production growth profile Exclusively in Tier 1 locations Progressive and measured approach to ESG Returning to consistent plan delivery In Pro
Slide 22: Further information: Ben Goldbloom, Head of Investor Relations
22 Further information: Ben Goldbloom| Head of Investor Relations + 61 8 9442 2200
Slide 23: Appendix A – Reserve Table
23 APPENDIX A – 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 (g/t)2 (Mt) (g/t) (koz) (Mt) (g/t) (koz
Slide 24: Appendix B – Resource Table
24 APPENDIX B – 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 T
Slide 25: Competent Person and Forward Looking Statements
25 COMPETENT PERSON AND FORWARD LOOKING STATEMENTS The information in this report that relates to exploration results for the Duketon Gold Project is based on and fairly represents information and supporting documentation that has been compiled by Mr Kevin Joyce, who is a member of the Australian In
Slide 26: JORC Code Table 1 Section 1 – Sampling Techniques and Data
1 September 2022 APPENDIX 1 JORC Code, 2012 Edition – Section 1 Sampling Techniques and Data (Criteria in this section apply to all succeeding sections) SECTION 1 – DUKETON – SAMPLING AND DATA JORC Criteria Explanation Sampling The reported results are from Aircore (AC), Reverse Circulation (RC) and
Slide 27: Section – Duketon – Sampling and Data
1 September 2022 SECTION 1 – DUKETON – SAMPLING AND DATA JORC Criteria Explanation Sample sizes and laboratory preparation techniques are considered to be appropriate for the stage of evaluation and the commodity being targeted. Quality of assay • Analysis for gold only was undertaken at Bureau Veri
Slide 28: Section 2 – Duketon – Exploration Results
1 September 2022 APPENDIX 1 Section 2 - Reporting of Exploration Results (Criteria listed in the preceding section also apply to this section.) Section 2 contains relevant data on projects and prospects discussed in the main body text or those included below and considered to be material. SECTION 2
Slide 29: Appendix – Exploration Results
1 September 2022 APPENDIX 1 – Exploration Results Appendix 1a – Aircore drilling at Bandya 0.4 g/t gold lower cut, no upper cut, maximum 2m internal dilution. Total Depth From To Interval Au Hole ID Project Y X Z Dip Azimuth (m) (m) (m) (m) ppm RRLBTGAC213 Bandya 6931400 417221 510 -60 272 89 80 89
Slide 30: Appendix – Exploration Results
1 September 2022 APPENDIX 1 – Exploration Results Total Depth From To Interval Au Hole ID Project Y X Z Dip Azimuth (m) (m) (m) (m) ppm RRLCMRDRC031 C-wea l th 6944039 425041 542 -90 0 60 48 51 3 4.13 RRLCMRDRC032 C-wea l th 6944039 425079 542 -90 0 60 41 44 3 0.80 RRLCMRDRC033 C-wea l th 6944039 42
Slide 31: Appendix – Exploration Results: Diamond drilling at Rosemont
1 September 2022 APPENDIX 1 – Exploration Results Appendix 1d – Diamond drilling at Rosemont 2 g/t gold lower cut, no upper cut, maximum 2m internal dilution. Total Depth From To Interval Au Hole ID Project Y X Z Dip Azimuth (m) (m) (m) (m) ppm RRLRMDD093W1 Ros emont 6918658 429545 500 -67 256 671.3