Regis Resources Limited · ASX:RRL

Regis Resources — Q4 FY2016 Earnings Presentation

22 slides from Regis Resources's earnings presentation, Jul 22, 2016

1. Slide 1: Regis Resources Ltd June 2016 Quarterly Report & Exploration Update

   For personal use only 1 1 REGIS RESOURCES LTD JUNE 2016 QUARTERLY REPORT & EXPLORATION UPDATE

2. Slide 2: Disclaimer & Competent Persons Statement

   DISCLAIMER & COMPETENT PERSONS 22 STATEMENT This presentation contains only a brief overview of Regis Resources Limited and its associated entities (“Regis or RRL") and their respective activities and For personal use only operations. The contents of this presentation, including matters relating to

3. Slide 3: Review of FY2016 Q4 Operations

   REVIEW OF FY2016 Q4 OPERATIONS For personal use only 3 3 PRODUCTION AT UPPER END OF GUIDANCE & DELIVERING STRONG CASHFLOW Q4 Q3 OPERATIONS  Q4 production 78,471 ounces Ore mined (Mbcm) 1.10 1.13  Run rate above upper end of FY16 guidance of 275-305koz  Fifth consecutive quarter of increased produ

4. Slide 4: Duketon Gold Project

   4 DUKETON GOLD PROJECT 4 For personal use only

5. Slide 5: FY2016 Q4 Operating Results

   FY2016 Q4 OPERATING RESULTS For personal use only 55 Duketon Northern Duketon Southern Operations Operations Total Q4 Q3 Q4 Q3 Q4 Q3 Ore mined (Mbcm ) 0.39 0.39 0.71 0.74 1.10 1.13 Waste mined (Mbcm) 1.75 1.44 4.43 3.93 6.18 5.37 Stripping ratio (w:o) 4.4 3.7 6.3 5.3 5.6 4.7 Ore mined (Mtonnes) 0.76

6. Slide 6: FY2016 Q4 Operating Results: Duketon Northern Operations

   FY2016 Q4 OPERATING RESULTS For personal use only 6 6 Duketon Northern Duketon Southern Operations Operations Total Q4 Q3 Q4 Q3 Q4 Q3 Ore mined (Mbcm ) 0.39 0.39 0.71 0.74 1.10 1.13 Waste mined (Mbcm) 1.75 1.44 4.43 3.93 6.18 5.37 Stripping ratio (w:o) 4.4 3.7 6.3 5.3 5.6 4.7 Ore mined (Mtonnes) 0.7

7. Slide 7: FY2016 Q4 Operating Results: Duketon Southern Operations

   FY2016 Q4 OPERATING RESULTS For personal use only 7 7 Duketon Northern Duketon Southern Operations Operations Total Q4 Q3 Q4 Q3 Q4 Q3 Ore mined (Mbcm ) 0.39 0.39 0.71 0.74 1.10 1.13 Waste mined (Mbcm) 1.75 1.44 4.43 3.93 6.18 5.37 Stripping ratio (w:o) 4.4 3.7 6.3 5.3 5.6 4.7 Ore mined (Mtonnes) 0.7

8. Slide 8: Operations Outlook: FY2017 Guidance

   8 OPERATIONS OUTLOOK 8 FY2017 GUIDANCE For personal use only  Gold production 300,000 – 330,000 ounces  Cash costs $840 – $910 per ounce  AISC $980 – $1,050 per ounce  Growth Capex: $27m Major components of growth capital: • Gloster pre-production capital $7m • Erlistoun pre-production capital $

9. Slide 9: Corporate: June 2016 Quarter

   9 CORPORATE 9 For personal use only JUNE 2016 QUARTER  Operating cashflow $68.2 million (Q3: $56.5m).  Cash and bullion holdings increased from $106.7m to $123.3m  $47m cash build (Q3:$38m) after allowing for debt repayment ($20m) and payment of tax ($10m).  Early repayment of debt leaves Regis

10. Slide 10: Cashflow Waterfall: Q4 Movements

    10 CASHFLOW WATERFALL 10 For personal use only Cash & Gold on Hand - Q4 Movements $200.0m $180.0m $68.2m $160.0m ($20.0m) $140.0m ($8.2m) ($4.8m) ($7.1m) $123.3m $120.0m ($10.2m) ($0.5m) ($0.8m) $106.7m $100.0m $80.0m $60.0m Strong cash-flow from operations of $68.2m for Q4 and cash build after allo

11. Slide 11: Cashflow Waterfall: FY2016

    11 CASHFLOW WATERFALL 11 For personal use only Cash & Gold on Hand Movements - FY2016 $350.0m $233.4m $300.0m $250.0m ($50.0m) $200.0m ($35.2m) ($20.0m) ($18.1m) $150.0m ($21.3m) $123.3m ($22.9m) ($1.8m) ($5.2m) $100.0m $64.5m $50.0m - Strong cash-flow from operations of $233.4m for FY2016 and cash

12. Slide 12: Development: Gloster Gold Deposit Moving Towards Production

    DEVELOPMENT FAMOUS BLUE GEOLOGY 12 12 GLOSTER GOLD DEPOSIT For personal use only MOVING TOWARDS PRODUCTION  Mining at Gloster is planned to commence in the Sep 2016 quarter.  Simple low strip open cut mining and road haulage operation.  Low startup capex - $7m in FY2017.  More than 3 years addit

13. Slide 13: Duketon Reserve Growth

    13 DUKETON RESERVE GROWTH 13 For personal use only RESERVES INCREASE TO 2.13Moz – MORE THAN REPLACING FY16 PRODUCTION Total Ore Reserve Tonnes Gold Grade Gold Metal (Mt) (g/t) (koz) 31 March 2015 59.1 1.06 2,006 Depleted by Mining to 31/3/16 -10.6 0.96 -326 31 March 2015 Net of Depletion 48.5 1.08 1

14. Slide 14: Diversified Reserve Base

    14 DIVERSIFIED RESERVE BASE 14 2016 - RESERVES 2.13 MILLION OUNCES 2015 - RESERVES 2.01 MILLION OUNCES For personal use only Moolart Well & Moolart Well Rosemont 574 & satellites satellites 564koz - 26% Rosemont 241koz - 12% 417koz - 20% 574koz - 29% Southern satellites Garden Well Southern Garden W

15. Slide 15: Exploration Update: Significant Results at Duketon

    15 EXPLORATION UPDATE 15 For personal use only SIGNIFICANT RESULTS AT DUKETON IN JUNE16Q Completed 37,179m (FY: 154,696m) of drilling on 9 gold projects  Tooheys Well – 2.5km S of Garden Well • RC drilling continued returning very high grade results • Infill & extension drilling to continue in Q1 •

16. Slide 16: Tooheys Well Drill Results

    TOOHEYS WELL DRILL RESULTS For personal use only 16 16 A SIGNIFICANT NEW PROJECT  Gold shear zones hosted by chert, shale and BIF  Early shallow AC holes ineffective  2013 RC drilling returned significant gold intercepts on the Western shear  Recent drilling defined a parallel Eastern shear • Ea

17. Slide 17: Tooheys Well Gold Prospect: Drilling Cross Section 09340mN

    TOOHEYS WELL GOLD PROSPECT For personal use only 17 17 DRILLING CROSS SECTION 6909340mN  Steep E dipping high grade gold shear  Chert BIF and shale host rocks  Weathered 80-160m  Significant intercepts  39m @ 2.86g/t from 53m  17m @1.90g/t from 95m  27m @ 2.48g/t from 55m  50m @ 2.75g/t from

18. Slide 18: Tooheys Well Gold Prospect: Drilling Cross Section 09380mN

    TOOHEYS WELL GOLD PROSPECT For personal use only 18 18 DRILLING CROSS SECTION 6909380mN  Significant intercepts  54m @ 3.55g/t from 55m  23m @ 3.13g/t from 144m  26m @ 2.01g/t from 243m  36m @ 2.73g/t from 202m  16m @ 3.35g/t from 118m  Fresh rock intersections  Consistent grade and widths o

19. Slide 19: Exploration Upside: Tooheys Well-Garden Well Corridor

    EXPLORATION UPSIDE 1919 TOOHEYS WELL-GARDEN WELL CORRIDOR For personal use only UNTESTED POTENTIAL NORTH & SOUTH OF TOOHEYS WELL  TW Eastern Shear structure is interpreted to join with the gold mineralised shear zones at Chert Ridge (GW) approximately 2.5 km to north.  Early drilling encouraging,

20. Slide 20: Recap of Presentation

    RECAP OF PRESENTATION For personal use only 2020  FY2016 Q4 gold production 78,471 ounces at AISC of A$951/oz  FY2016 gold production 305,084 ounces at AISC of A$927/oz • Both Q4 and FY16 production above upper end of FY16 guidance 275-305koz • Both Q4 and FY16 AISC below lower end of FY16 guidanc

21. Slide 21: Appendix: JORC Compliant Ore Reserve Estimates March 2016

    APPENDIX 1 JORC COMPLIANT 21 21 ORE RESERVE ESTIMATES 31 MARCH 2016 For personal use only Group Ore Reserves as at 31 March 2016 Gold Proved Probable Total Ore Reserve Competent Cut-Off Tonnes Gold Grade Gold Metal Tonnes Gold Grade Gold Metal Tonnes Gold Grade Gold Metal Project Type Person3 (g/t)2

22. Slide 22: Appendix: JORC Compliant Mineral Resources March 2016

    APPENDIX 2 22 22 JORC COMPLIANT MINERAL RESOURCES 31 MARCH 2016 For personal use only Group Mineral Resources as at 31 March 2016 Gold Measured Indicated Inferred Total Resource Competent Cut-Off Tonnes Gold Grade Gold Metal Tonnes Gold Grade Gold Metal Tonnes Gold Grade Gold Metal Tonnes Gold Grade

Regis Resources — Q4 FY2016 Earnings Presentation on 6ix