REGIS RESOURCES LIMITED — Investor Presentation 2017

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REGIS RESOURCES LTD

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ANNUAL GENERAL MEETING 23 NOVEMBER 2017

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DISCLAIMER & COMPETENT PERSONS STATEMENT

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, may rely on various assumptions and subjective interpretations which it is not possible to detail in this presentation and which have not been subject to any independent verification.

This presentation contains a number of forward-looking statements. Known and unknown risks and uncertainties, and factors outside of Regis’ control, may cause the actual results, performance and achievements of Regis to differ materially from those expressed or implied in this presentation. To the maximum extent permitted by law, Regis does not warrant the accuracy, currency or completeness of the information in this presentation, nor the future performance of Regis, and will not be responsible for any loss or damage arising from the use of the information. The information contained in this presentation is not a substitute for detailed investigation or analysis of any particular issue. Current and potential investors and shareholders should seek independent advice before making any investment decision in regard to Regis or its activities.

The information in this presentation that relates to Exploration Results is extracted from the ASX announcement released 12 October 2017 entitled “Quarterly Report to 30 September 2017” and for which Competent Person’s consents were obtained. The Competent Person’s consents remain in place for subsequent releases by the Company of the same information in the same form and context, until the consent is withdrawn or replaced by a subsequent report and accompanying consent.

The information in this presentation that relates to Mineral Resources or Ore Reserves is extracted from the Mineral Resource and Ore Reserve Statement released to the Australian Securities Exchange on 14 July 2017 and the announcement entitled “Maiden Ore Reserve of 2.03 Million Ounces at McPhillamys Gold Project on 8 September 2017 and for which Competent Person’s consents were obtained. The Competent Person’s consents remain in place for subsequent releases by the Company of the same information in the same form and context, until the consent is withdrawn or replaced by a subsequent report and accompanying consent.

The Company confirms that it is not aware of any new information or data that materially affects the information included in the original ASX announcements released on 14 July 2017, 8 September 2017 and 12 October 2017, in the case of estimates or Mineral Resources or Ore Reserves, that all material assumptions and technical parameters underpinning the estimates in the original ASX announcement continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original ASX announcement.

ASX announcements are available on the Company’s website at www.regisresources.com.au

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QUALITY AUSTRALIAN GOLD BUSINESS

REGIS AT A GLANCE Reserves 4.2 Moz Resources 8.2 Moz FY2018 production guidance: 335,000 – 365,000 ounces A$940 – 1,010/oz AISC Net Cash A$152 million (30 June 17) Dividends and organic growth

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THE YEAR IN THE MARKETS[1]

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1 21 November 2016 to 21 November 2017 2 Addition of NCM, EVN,NST, OGC, SBM and SAR share prices

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REGIS CORE OBJECTIVES

• Maintain or increase gold production

 Maintain or improve operating margin

 Replenish or increase gold reserves

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REGIS CORE OBJECTIVES

Increase gold production

• Record annual gold production of 324,353 ounces

• Successful start-up of Gloster & Erlistoun operations

• Maintain low costs

• AISC of $945 per ounce was below the lower end of annual guidance range and only 2% higher than 2016

• Grow reserves

• Maiden ore reserve at Tooheys Well of 366,000 ounces more than replaces 2017 mining depletion at Duketon

• Maiden ore reserve at McPhillamys of 2.03 million ounces

• Acquisition of the Blayney tenement provides opportunity for further reserve growth

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DUKETON GOLD PROJECT

GROWING PRODUCTION

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400
360 365
2018
GUIDANCE
335
320
280 324
305
240
200
2016 2017 2018
Ounces (000’s)
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DUKETON GOLD PROJECT

MAINTAINING OR EXPANDING MARGIN

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2,000
1,800
1,600
1,400
1,200
1,000
800
600
400
200
0
1-Jul-15 1-Oct-15 1-Jan-16 1-Apr-16 1-Jul-16 1-Oct-16 1-Jan-17 1-Apr-17 1-Jul-17
GP Delivered price AISC Operating Margin Linear (Operating Margin)
A$ per ounce
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DUKETON GOLD PROJECT

GROWING RESERVES

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DUKETON GOLD RESERVES 2009 - 2017
2,100
3.4Moz 2.2Moz
1,600
1,100
0.6Moz 1.9Moz
600
100
2009 reserve Mining depletion Discovery Current reserves
-400
-900
-1,400
RESERVES OUNCES (000’s)
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McPHILLAMYS (NSW)

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ORGANIC GROWTH PROJECT

• Located in Central-West NSW  Well established gold mining district

• Cadia, Cowal, Northparkes +45Moz*

• Gold resource 2.31Moz  Gold reserve 2.03 Moz  One of Australia’s larger undeveloped open pit opportunities

• PFS completed showing high quality and large scale project

• Targeting first production DecQ 2019

• Discovery Ridge project presents opportunity for higher grade, lower strip satellite for McPhillamys

• All 100% Regis owned

• Excellent organic growth for Regis

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• Recent quoted resources from public information

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McPHILLAMYS

PROCESS WATER OPTIONS

Option 1 – Water Supply from Mt Piper Power Station and Springvale Mine

• Non-binding heads of agreement for supply & offtake of 4-5GLpa of water for a 7Mtpa processing facility

• Water available from middle of 2019 with a 10 year supply term and further 10 year option

• Water supply at no cost to Regis however Regis must supply necessary piping and pumping infrastructure

• Aiming to complete formal binding agreement asap

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Mt Piper
Springvale water
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Lachlan groundwater
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McPHILLAMYS

PROCESS WATER OPTIONS

Option 2 – Groundwater Access Licenses

• Contractually secured 4.5GLpa of Water Access Licenses over ground water approx. 80km from McPhillamys

• Represents a viable and secured alternative source of water supply sufficient for 7mtpa operation

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McPhillamys Mt Piper
Springvale water
Lachlan groundwater
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McPHILLAMYS

MAIDEN RESERVE REPORTED SEPTEMBER 2017 Infill Drilling Completed

• 44,000m of drilling over the last 9 months

• Reduced drill pattern to 50x25m (nominal)

Maiden Ore Reserve

• Ore Reserve estimated by Cube using:

• Gold price of A$1,400/oz – Regis;

• Gold recovery of 85% – Regis;

• Mineral resource estimate – Regis;

• Pit optimisations and practical pit design – Cube;

• Geotechnical – SRK Consulting;

• Capital costs – Mintrex and Regis; and

• Operating costs – Mining contractor quotes & Regis

Maiden reserve confirms McPhillamys as one of Australia’s larger undeveloped open pit projects

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McPHILLAMYS

PFS GENERATES STRONG PROJECT – ORGANIC GROWTH WITH QUALITY & SCALE

Now pushing ahead with completion of DFS and preparation of permitting applications

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McPHILLAMYS

BOLT ON ACQUISITION EXPECTED TO DELIVER FURTHER SIGNIFICANT VALUE

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• Acquired Blayney Gold Project for A$3.25m

• Contiguous to the McPhillamys project and hosts two quoted Mineral Resource Estimates*:

• Discovery Ridge: 13.84Mt at 1.1g/t for 501koz

• • Bald Hill: 37.0Mt at 0.5g/t for 595koz

• Expands the McPhillamys footprint by 493 km[2]

• Discovery Ridge deposit located 32km away from the McPhillamys by a major highway

• 6,000m RC & DD infill drilling programme to commence shortly for maiden Reserve estimate

• Discovery Ridge will be studied as a satellite operation to be developed with McPhillamys

• Targeting a substantial satellite project with minimal capex, higher grade and lower strip ratio than early years of McPhillamys

• Expected to deliver significant value

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*Refer to Regis announcement released on 23 February 2017

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REGIS RESOURCES – 2017 AGM

REVIEW OF OPERATIONS Paul Thomas – Chief Operating Officer

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REVIEW OF FY2017 OPERATIONS

DUKETON CONTINUES TO DELIVER STRONG CASHFLOW

OPERATIONS

• FY17 production 324,353 oz at top end of guidance

• FY17 grade of 1.11g/t: 11% higher than FY16  Positive impact of grade from Gloster & Erlistoun

COSTS

• FY17 cash costs $790/oz & AISC $945/oz

• Both below bottom of FY17 guidance range

• Both within 2% of prior year despite higher stripping ratio

OPERATING CASH-FLOW

• FY17 operating cashflow $256m[2] (FY16: $233m)  Continued strong operating cashflow underpinning cash build and dividends

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1 AISC calculated on a per ounce of production basis 2 operating cash flow is quoted under the Appendix 5B classification protocol and as such does not include payments for pre-strip and deferred mining costs as these are classified as investing activities.

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DUKETON

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SATELLITE OPERATIONS FAMOUS BLUE GEOLOGY COMMENCED IN FY17

GLOSTER

• 26km west of Moolart Well

• Mining commenced Q1, milling Q2

• Processed 536kt ore at 1.32g/t in Q4

• Processed 1.13mt ore at 1.29g/t YTD

• Adds 3+ years of mill feed to MW

• Grade increases production & recovery

ERLISTOUN

• 9km south of Garden Well

• Mining commenced Q2, milling Q3

• Processed 195kt ore at 1.22g/t in Q4

• Processed 312kt ore at 1.21g/t YTD

• Adds 4+ years of mill feed to GW

• Grade increases production & recovery

OUTLOOK

• Proving the quality & simplicity of strategy

• Full year production & falling strip in FY18

• Tooheys Well, Baneygo etal to follow

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TOOHEYS WELL GOLD PROJECT

THE NEXT CAB OFF THE RANK…

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• Located only 2.5km south of GW

• Gold shear zones hosted by chert, shale and BIF

• Extensive drill-out in 2015 and 16 culminated in maiden resource July 16

• Maiden Reserve quoted June 17:

• Replaces Duketon FY17 gold production

• Discovery cost of $24 per reserve ounce

• Mining to commence March18 quarter

• Production to commence Dec18 quarter

• Approx 2MTpa for 90kozpa

• Will increase group production due to higher grade than displaced ore from GW

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EXPLORATION UPDATE

DUKETON – CONTINUING TO DELIVER

Completed 167,000m of drilling in FY17

• Tooheys Well – 2.5km S of Garden Well  Drilling culminates in 366koz Reserve

• Rosemont Underground

• Numerous +20gm intercepts over 500m strike

• Intercepts outside current reserves

• Opportunity to add O/P & U/G inventory

• Reichelts Find – 12km S of Garden Well

• Encouraging results under historic open pit

• Up to 1.4km of poorly tested strike

• Focus returns to regional exploration  6 new large scale (1 - 2.5km strike) targets

• 27,000m of drilling underway

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Proximity to 10mtpa milling infrastructure presents excellent exploration opportunity

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ROSEMONT SOUTH & MAIN UNDERGROUND OPPORTUNITIES

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3D long section from south east showing planned Rosemont South & Main drilling, phase 1 and 2

Phase 1 drill programmes underway at Rosemont South and below Rosemont Main Pit:  Returning numerous high grade intercepts  Drilling to continue in Q2 and beyond

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ROSEMONT MAIN PIT

UNDERGROUND PROJECT

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POTENTIAL FOR UNDERGROUND MINING INVENTORY EXTENSION

• Testing high grade shoots 100-200m vertically below ultimate open pit design depth

• Holes drilled to date are encouraging for underground opportunities

• 57 holes for 42,175m of RC drilled in 2017 - high grade results continue

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ROSEMONT MAIN PIT UNDERGROUND PROJECT

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DRILL RESULTS IN 2017

Gold hosted in a steeply east dipping 345° trending quartz-dolerite unit



Gold mineralised quartz-dolerite unit is ≈ 80m wide.



• 2017 Results (all outside reserves):

• 3m @ 54.63g/t from 151m

• 10m @ 43.84g/t from 200m

• 7m @ 33.86g/t from 284m

• 4m @ 53.37g/t from 318m

• 2m @ 93.00g/t from 195m

• 10m @ 14.60g/t from 271m

• 4m @ 16.12g/t from 319m

• 17m @ 4.41g/t from 153m

• 29m @ 3.81g/t from 175m

• 4m @ 19.81g/t from 193m

Drilling between Main & South positions suggests another high grade position emerging



Drilling continuing - focus on establishing continuity and geometry of high grade mineralisation



Maiden underground resource expected Q2



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DRILL OUTS COMPLETE SO FOCUS 25 25 RETURNS TO REGIONAL EXPLORATION

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NEXT 6 SIGNIFICANT SCALE REGIONAL TARGETS

• Post successful delivery of Maiden Reserve at Tooheys Well, focus has returned to generating next suite of regional exploration targets.

• 6 new regional targets generated from data review and field investigations

• Each has between 1 – 2.5km of untested greenstone strike

• Targets based on combination of structure, lag anomalies, magnetics and no or ineffective previous drilling

• Total untested strike in this suite of targets ≈12km

• Targets have been field checked and are ready to drill

 Proposed first pass drilling:

• 224 holes to approx. 120m depth

• 27,000 metres over 16 lines

• Generally 200m spaced lines over targets

• 6 months of work

Continued generation of significant scale targets within trucking distance of Regis mills

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REGIS RESOURCES – 2017 AGM

REVIEW OF FINANCIAL RESULTS Kim Massey – Chief Financial Officer

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2017 FINANCIAL HIGHLIGHTS

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NPAT up 24% to $138 million
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Revenue up 8% to $544 million
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EBITDA up 8% to $253 million
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Net cash and bullion increased by $28
million
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FY17 RESULTS - STRONG PERFORMANCE ON ALL MEASURES

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Revenue Net Profit After Tax
600 544 160
502 138
500 465 140
112
120
372
400
100 87
300 80
55
60
200
40
100
20
0 0
2014 2015 2016 2017 2014 2015 2016 2017
$ MILLIONS
$ $ MILLIONS
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EBITDA Earnings & Dividend per Share
300 100.0% 30.0 27.6
253
234
250 80.0% 25.0 22.4
200 181 20.0 17.4
141 60.0% 15.0
13.0
150 15.0 11.0
46.6% 40.0%
100 37.9% 38.9% 46.6% 10.0 6.0
20.0%
50 5.0
0.0
0 0.0% 0.0
2014 2015 2016 2017 2014 2015 2016 2017
EBITDA EBITDA Margin (%) EPS Dividend per share
$ MILLIONS
CENTS PER SHARE
EBITDA/REVENUE (%)
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1 FY2014 NPAT, EBITDA & EPS adjusted to underlying result by excluding $202.7m after tax impairment charge

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CASHFLOW WATERFALL

Cash & Gold on Hand FY2017

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$375m
$325m ($80.1m)
$256.1m
$275m ($49.6m)
($35.6m)
$225m
($24.9m)
$175m ($36.2m) $4.3m ($5.7m)
$151.7m
$123.3m
$125m
$75m
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Strong cash-flow from operations of $256.1m1 for FY2017 underpinned payment of $80.1 million in dividends during the year.

1 Operating cash flow differs from the statutory Statement of Cash Flow “net cash from operating activities” as it is quoted under the Appendix 5B classification protocol and includes movement in gold bullion on hand and bullion on hand classified as inventory for statutory accounts (i.e. 4,532 oz’s at $1,610/oz)

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DIVIDEND

FY2017 DIVIDENDS

• Final dividend declared

• 8 cents per share fully franked ($40 million)

• Interim dividend

• 7 cps fully franked ($35m paid March 2017)

• Final dividend (8cps) payout key metrics:

• 4.1% basic dividend yield*

• 5.8% grossed up (for 100% franking) div yield*

• Full year dividend (15cps) represents 14% of FY17 revenue and 54% of NPAT

  • Annualised dividend yield of 16cps at a closing share price of

  • $3.95 on 28 August 2017

COMMITMENT TO DIVIDENDS

• Regis has paid and/or declared 49 cps - $245 million in dividends since 2013

• Regis is an Australian gold industry leader on dividend payment metrics

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Dividends Declared
20
15
8
10
9
5
6 7
4
0
2015 2016 2017
interim final
Cumulative Dividends Paid
300
250
200
150
245
100
170
50 105
75 75
0
2013 2014 2015 2016 2017
CENTS PER SHARE
$ MILLIONS
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REGIS TARGETS & OUTLOOK

2017 Goals

2017 Actual

Production 300-330koz Production 324.4koz FY18 guidance 335,000 – 365,000 ounces AISC $980-1,050/oz AISC $945/oz Operating cashflow increase Operating cashflow $256.1m Organic reserve growth Added 388koz (+18% net of depletion) at Duketon Maiden TW reserve more than replaced production Exploration-resource pipeline Underground potential at Rosemont with maiden resource expected Dec17 Growth acquisitions Bought Blayney Gold Project for $3.25 million Reserve drilling underway Commitment to dividends $75m dividends paid & declared in FY17 Industry leading dividend yield McPhillamys development Maiden Reserve of 2.03 million ounces estimated based on robust PFS results Moving to complete DFS & commence permitting

Regis is very well positioned to continue growth and shareholder returns

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APPENDIX 1

JORC COMPLIANT ORE RESERVE ESTIMATES 31 MARCH 2017

Notes

The above data has been rounded to the nearest 100,000 tonnes, 0.01 g/t gold grade and 1,000 ounces. Errors of summation

1. Mineral Resources and Ore Reserves are reported inclusive of ROM Stockpiles at cut-off grade of 0.4 g/t.

2. Cutoff grades vary according to oxidation and lithology domains. Refer to Group Ore Reserves Lower Cut Notes.

3. As reported 4th July 2017

4. As reported 8th September 2017

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APPENDIX 2 JORC COMPLIANT MINERAL RESOURCES 31 MARCH 2017

Notes

The above data has been rounded to the nearest 100,000 tonnes, 0.01 g/t gold grade and 1,000 ounces. Errors of summation may occur due to rounding. All Mineral Resources are reported inclusive of Ore Reserves to JORC Code 2012 unless otherwise noted.

1. Mineral Resources and Ore Reserves are reported inclusive of ROM Stockpiles at cut-off grade of 0.4 g/t.

2. Refer to Group Competent Person Notes.

3. As reported 4th July 2017

4. As reported 8th September 2017

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