Regis Resources Limited · ASX:RRL

Regis Resources — ASX Conference 2011 Singapore and Hong Kong

20 slides from Regis Resources's conference presentation, May 24, 2011

  1. Slide 1: Building a quality gold business

    For personal use only Building a quality gold business Mark Clark Managing Director May2011

  2. Slide 2: Disclaimer and board

    5/20/2011 For personal use only 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, ma

  3. Slide 3: Investment highlights and corporate snapshot

    5/20/2011 For personal use only  Gold Reserves 2.5 million ounces1  Gold resources 55.8 million ounces1  Current production 100,000 ounces pa  Garden Well discovery – company maker  Garden Well to commence production mid 2012  2012/13 Production 280 – 300koz  Lowest quartile cash cost of prod

  4. Slide 4: Moolart Well location

    5/20/2011 For personal use only 6  Located 350km north‐ north east of Kalgoorlie  100% Regis owned 7 3

  5. Slide 5: Project reserves and resources

    5/20/2011 For personal use only  387 granted leases  2,030km2 of ground  5.8 Moz resources1  2.5Moz reserves1 Garden Well 1.66Moz reserve 2.1 Moz resource Note 1 – full breakdown of these reserves and Erlistoun resources in accordance with JORC is set out in 203koz reserve Appendix 1 & 2 to this

  6. Slide 6: Reserve ounces versus peers

    5/20/2011 For personal use only 2,600 2,400 2,200 2,000 Ounces (thousands) 1,800 1,600 1,400 1,200 1,000 800 600 400 200 0 RRL CAH IGO SAR NGF NAV RMS CRE DOM IGR SBM AVO FML SLR TAM Source: Euroz Securities 10 11 5

  7. Slide 7: Moolart Well quarterly operations

    5/20/2011 For personal use only  Transported cover of approx 5m.  Laterite ore zone averages 4m (max 20m).  Oxide mineralisation from base of laterite to base of oxidation (averages 70m). 12 Mar 2011 Dec 2010 Quarter Quarter Ore mined (tonnes) 598,048 500,663 Ore milled (tonnes) 580,495 475,296 G

  8. Slide 8: Cash, debt and hedging

    5/20/2011 For personal use only 14 Cash  $27.9m at 31 Mar 11  A$15.2m operating cash‐flow in Q3 2011  Cash up by $6.4m in Q3 net of $8.8m spent on exploration & GW long lead capex Debt  Drawn to A$30m $3 Hedging  153koz of hedging  119koz at A$1,340/oz – 12koz/qtr 2011 – 2013  34koz at A$1,39

  9. Slide 9: Goal, strategy and delivery

    5/20/2011 For personal use only 16 Goal  Build reserves to 3 million ounces Strategy  Depth and southern strike at Garden Well  Moolart Well oxides  Resource conversion drilling  Optimisation of current reserves  Prioritise and drill satellite resources  Drill new prospects & regional explora

  10. Slide 10: Satellite deposits and reserve growth

    5/20/2011 For personal use only 7 regional satellite deposits (excluding MW, GW and Erlistoun) 1 1Moz1 Resources of 1.1Moz None more than 15km away from either MW or GW All on granted mining leases Drill outs and reserve studies planned Garden Well Incremental reserve ounces 1.34Moz reserve 2.1 Moz

  11. Slide 11: Garden Well drilling status

    5/20/2011 For personal use only 20 Drilling Status – Mar 2011 Discovery hole Nov 09 438 8 aircore i h l d holes ill d drilled 180 RC holes drilled 44 diamond holes drilled 90,000 metres drilled Significant results over 1,040m off strike. t ik Mineralistion confirmed to depth of approx 270 + metres a

  12. Slide 12: Garden Well drill intersections

    5/20/2011 For personal use only Hole From (m) To (m) Intersection Grade (g/t) (m) GDAC038 60 110 50 2.36 GDAC037 41 92 51 2.78 GDAC036 65 109 44 3 65 3.65 GDAC032 71 104 33 3.17 GDAC031 44 64 20 2.90 GDAC024 40 82 42 2.02 GDAC022 32 51 19 3.99 GDAC002 51 124 73 3.61 GDAC005 42 111 69 4.26 GDAC014 46

  13. Slide 13: Garden Well reserve and resource

    5/20/2011 For personal use only  Ore Reserve » 35.3Mt at 1.46g/t for 1.66Moz1 » Forecast opex A$572/oz » 90% of reserve is shallower than 200m » Stripping ratio 3.33 » Forecast operating surplus (GP A$1,382) ‐ A$1.28bn  Resource » 49Mt at 1.36g/t for 2.14Moz1  Next updates – June 2011 Note 1 – fu

  14. Slide 14: Garden Well feasibility and metallurgy

    5/20/2011 For personal use only Mineralisation open d h & south at depth h Open at Depth Open Gram metre plot = to South intersection metres x grade 26  Feasibility & development work underway  Mining leases granted and licensing proceeding  Metallurgical testing complete – excellent results  Re

  15. Slide 15: Development timeline and financing

    5/20/2011 For personal use only  Financing  Internal funding  Modest increase in debt  Target development timeline  Feasibility & finance June 11 quarter  Commence construction Sept 11 quarter  Commence p production Sept p 12 quarter q  Long lead capital items committed  Ball mill, scrubber

  16. Slide 16: Top ranked exploration targets

    5/20/2011 For personal use only Top Ranked Targets ‐ All under 20 to 35m of cover ‐ no previous drilling 3 1) Garden Well 2 Drilled – major discovery!! 4 2) West Duketon Soil geochem – June 11 1 3) Anchor 3,000m Aircore drilling May 11 4) Garden Well North 3,000m Aircore drilling May 11 30 31 15

  17. Slide 17: Reserve growth and production profile

    5/20/2011 For personal use only 3.5 unces) 3 2.55 Reserves (Million ou 2 1.5 1 0.5 0 R 2008 2009 2010 2011 2012 Moolart Well Erlistoun Garden Well Satellites  Reserve growth pipeline  Not reliant on discovery or acquisition 32 300,000 2013 + 7 years 250,000 Production (ounces) 200,000 150,000 100,

  18. Slide 18: Australian gold production comparison

    5/20/2011 For personal use only 300,000 1.37moz NCM 270,000 oz Regis 250,000 Gold production (ounces)) 200,000 150,000 100,000 50,000 ‐ Source of 2009/10 production stats – Surbiton Assoc Quarterly Review Regis production is a forecast for FY2013 34 Note 1 – Australian production of overseas domicil

  19. Slide 19: Valuation and summary

    5/20/2011 For personal use only 9 8 7 6 5 4 3 2 1 ‐ RMS CAH SLR RRL CRE AQG IGO SBM SAR TRY IGR Market cap/forecast 2013 EBITDA (source for RRL – Euroz Securities & other companies ‐ Argonaut Securities) 36  Moolart Well Gold Mine  In p production ≈ 100koz p pa  Low technical risk  Strong cashfl

  20. Slide 20: Appendix: JORC reserves and resources

    5/20/2011 Proven Probable Total For personal use only Cut‐ off Project grade gold grade gold grade gold MT MT MT Grade g/t koz g/t koz g/t koz g/t Garden Well 35.3 1.46 1,660 35.3 1.46 1,660 0.60 Moolart Well Laterite 9.5 1.44 437 0.6 0.98 19 10.1 1.41 455 0.50 Oxide 1.2 1.85 71 1.2 2.02 77 2.4 1.94

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