Regis Resources Limited · ASX:RRL

Regis Resources — Shareholder Meeting (November 2009)

34 slides from Regis Resources's shareholder meeting presentation, Nov 27, 2009

1. Slide 1: ASX cover letter - Company Presentation

   Regis Resources Limited ABN 28 009 174 761 www.regisresources.com Ground Floor, 62 Colin Street West Perth WA 6005 Australia PO Box 810 For personal use only West Perth WA 6872 Australia 27 November 2009 P +61 (0)8 9442 2200 F +61 (0)8 9442 2290 Manager Announcements Company Announcements Office Aus

2. Slide 2: Regis Resources Limited Annual General Meeting

   REGIS RESOURCES LIMITED ANNUAL GENERAL MEETING

3. Slide 3: Disclaimer

   Disclaimer 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, m

4. Slide 4: Board of directors

   For personal use only  Mark Clark Managing Director  Nick Giorgetta Chairman  Morgan Hart Operations Director All previously exec directors of Equigold NL  Ross Kestel Non Exec  Mark Okeby Non Exec

5. Slide 5: Change of board and mandate

   For personal use only  Change of board by EGM vote on 4 May 2009  Mandate for election:  Proven project development experience.  Reduce capital cost of DGP and optimise return.  Expedite development of DGP.  Create value for shareholders.  Overwhelming shareholder support

6. Slide 6: Capital structure

   For personal use only ASX Code RRL FP shares on issue 367m Listed options 16m (RRLO, RRLOA, RRLOB) Warrants ($0.28, Jul 2010) 47m Unlisted options 4m Share price $0.59 Range (1yr) $0.07‐$0.61 Monthly volume (shares) 8m Major shareholders (assuming rights are taken up) Cash $50m Newmont 19% Seamans C

7. Slide 7: For personal use only

   For personal use only

8. Slide 8: Duketon Gold Project

   For personal use only  350 km north – north east of Kalgoorlie  424 granted leases  4,363 km2 of ground  Significant gold resources  Reserve at Moolart Well

9. Slide 9: Moolart Well reserve

   For personal use only Proven Probable Total MT g/t Koz MT g/t Koz MT g/t Koz Laterite 9.5 1.44 437 0.6 0.98 19 10.1 1.41 456 Oxide 1.2 1.85 71 1.2 2.02 77 2.4 1.94 148 10.7 1.48 508 1.8 1.66 96 12.5 1.50 604 Moolart Well only 0.5 g/t lower cut

10. Slide 10: Moolart Well — Geology & Mineralisation

    WEgls Hesonrees Lit) Moolart Well — Geology & Mineralisation =a 435400 mE 435800 mE = 500m RL Laterite Pit — 455,4000z Au Reserve P \—_ 7 " ‘alaeochanne ys Ses i “a-S @ ; ~ , \ \ OxidePit - — CSER_ SY \ j Saprolite Clay = ‘ » 148,2000z Au \._\ - aS Saprock TOFR AL. ~~ : Diorite Sa) ‘NY \ a Liberator

11. Slide 11: Mineralisation style

    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. Slide 12: 92% of resource converts to reserve

    For personal use only 92% of resource converts to reserve

13. Slide 13: Ore control

    For personal use only  Predictable grade change at upper ore boundary  Visual control

14. Slide 14: Laterite ore and palaeochannel section

    Soil horizon \(3ppb Au) LORS), ARAM li Sandy Conglomerate (red haematite pisolites) i @Hls Resources Lt Diamond Core Paeleochannel & Laterite Ore

15. Slide 15: Moolart Well diamond core - Laterite

    Moolart Well diamond core - Laterite RRLMWDD132 @ 7.3 m <u Ay "i s/=, Goethite y coatings

16. Slide 16: Operations

    For personal use only Operations Ore tonnes 12.4 MT Grade 1.51 g/t Recovery 92% Gold produced 555,136 oz Open pit mining – truck & shovel Primary crushing, SAG mill & CIL plant. Mill throughput 2.0Mtpa Mine life > 6 years Average production 90koz pa Max production 109koz pa

17. Slide 17: Metallurgy

    For personal use only Metallurgy Bond Work Index ‐ Laterites 16.7 ‐ Oxide 7.1 Cyanide consumption ‐ Laterites 0.28kg/t ‐ Oxide 0.24kg/t Recovery (24 hrs) ‐ Laterites 92.6% ‐ Oxide 93.4%

18. Slide 18: Capital Costs

    For personal use only Capital Costs $M Reduced from $125m Earthworks & concrete 6.7 Manage construction in Transport & craneage 3.3 Tanks contract 5.1 house Off site fabrication 4.4 All new equipment Structural & Mechanical 11.3 2.0 mtpa CIP plant SAG mill 6.2 Single stage crushing Piping 4.2 SAG mi

19. Slide 19: Operating costs and financials

    For personal use only Operating costs $/oz Financial Mining 244 (gold A$1200/oz) Milling 211 Revenue $675m Lab & admin 40 Net cashflow $283m Cash costs 495 NPV @ 6% $201m Rehab 5 IRR 67% Royalties 62 Payback (months) 17 Total opex 562 •Current cost of diesel, cyanide • $110m tax losses & mill balls

20. Slide 20: For personal use only

    For personal use only

21. Slide 21: Status

    For personal use only Status  No native title  All permits in place  Mining contract & power contract awarded  Mill ordered  Camp under construction  Site earthworks nearing completion  Major construction contracts awarded  Concrete works commenced Î Scheduled start up Sept quarter 2010

22. Slide 22: For personal use only

    For personal use only

23. Slide 23: Gutnick/Normandy legacy settlement

    For personal use only  Legacy issue from 1998 – 2004  Normandy / Gutnick arrangement  RRL guarantor of Gutnick loan payable to Normandy  Liability (March 2010) >$24m  Settlement agreed:  Convertible note  $10m repayable 31 Dec 2012  Convertible at RRL election  Interest free  5m options at

24. Slide 24: Debt Financing and Equity Raising

    For personal use only Debt Financing  Binding letter of offer received and accepted  $45m debt facility  Lightly covenanted & competitive terms  150koz of hedging required  No options or other equity participation Equity Raising  $50m ‐ $25m placement / $25m rights

25. Slide 25: For personal use only

    For personal use only

26. Slide 26: Goal, Strategy and Delivery

    For personal use only Goal  Build reserves to 1 million ounces in 15 months Strategy  Drilling density in Moolart Well oxides  Mining study at Erlistoun  Prioritise and drill resources at Petra, Dogbolter, Russells Find Reichelts Find etc  Drill Garden Well, new prospects & regional exploration

27. Slide 27: Deposits in DGP

    For personal use only 9 deposits in DGP All on granted mining leases Incremental reserve ounces likely

28. Slide 28: Moolart Well resource and reserve

    For personal use only Current resource 859koz Current reserve 148koz 17% of resource converts to reserve Only 1km of 5km strike drilled 35% of resource in drilled area converts to reserve Further drilling required Incremental reserve ounces likely

29. Slide 29: Erlistoun resource

    For personal use only Resource 270koz. 2.22MT at 3.85g/t 45km from plant site. Close to site access road. Initial reserve expected in Dec 09 quarter. Target 150koz Expedite into mining schedule. Russells Find & Reichelts Find nearby – 73koz resources

30. Slide 30: Laterite grade map

    For personal use only T en No em rt Village ent h Tailings Bou nda ry Ai Mill Site rfi eld Pal aeo Laterite Grade cha nne >16 gm Au l 8 – 16 gm Au 4 – 8 gm Au 1k 2 – 4 gm Au m 1 – 2 gm Au

31. Slide 31: Moolart Well soil anomalies

    For personal use only Moolart Well Gold in soil anomalies sit at the margin of the tertiary palaeochannel Regional application

32. Slide 32: Regional soil anomaly

    For personal use only 40km south of Moolart Well 3 – 25 ppb gold in soil anomaly on edge of palaeochannel Discovery holes at end of traverse Open north & south

33. Slide 33: Resource 270koz

    For personal use only Resource 270koz.

34. Slide 34: Summary

    For personal use only  Proven management team  Duketon Gold Project  Low capex – fully funded  Low technical risk  Strong cashflows  First gold – Sept 2010 quarter  Pipeline to 1 million oz reserve  Quality Australian gold company  Compare:  AVO 0.8Moz Cap $545m  DOM 0.7Moz Cap $427m  TR

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