Regis Resources : Quarterly Results and Growth Outlook Presentation

A FUTURE WITH GROWTH

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Jim Beyer - Managing Director & CEO
	26 July 2022	ASX:RRL

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2 CAUTIONARY 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 that are subject to risk factors associated with gold exploration, mining and production businesses. It is believed that the forward looking statements in this presentation are reasonable based on information available as at the date of this presentation but 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. These risk factors include, but are not limited to, changes in commodity prices, foreign exchange fluctuations and general economic conditions, increased costs and demand for production inputs, the speculative nature of exploration and project development, including the risks of obtaining necessary licenses and permits and diminishing quantities or grades of reserves, political and social risks, changes to the regulatory framework within which the Company operates or may in the future operate, environmental conditions including extreme weather conditions, recruitment and retention of personnel, industrial relations issues and litigation. Readers are cautioned not to place undue reliance on forward looking statements. No representation or warranty, express or implied is made as to the accuracy, currency or completeness of the information in this presentation, nor the future performance of Regis. Except as required by applicable law or regulations, Regis does not undertake to publicly update or review any forward-looking statements, whether as a result of new information or future events. 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 production targets and associated forecast financial information is extracted from the ASX announcement released 24 January 2022 entitled "FY22 Guidance Update". Mineral Resources, Ore Reserves and Exploration Results are extracted from the Mineral Resource and Ore Reserve Statement released to the ASX on 8 June 2022 (the Relevant ASX Announcements).

In each case, appropriate Competent Person's consents were obtained for the release of that information in the Relevant ASX Announcements and those 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 Relevant ASX Announcements and in each case the Production Targets, forecast financial information and estimates of Mineral Resources or Ore Reserves, that all material assumptions and technical parameters underpinning that information in the Relevant ASX Announcements, 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.

This presentation uses mineral reserves and mineral resources classification terms that comply with reporting standards in Australia. These standards differ significantly from the requirements of the United States Securities and Exchange Commission that are applicable to domestic United States reporting companies and, therefore, are not comparable.

Past performance and pro-forma financial information given in this document, including in relation to upgrades to resources and reserves, is given for illustrative purposes only and should not be relied upon as (and is not) an indication of future performance, nor of Regis' views on the Company's future financial performance or condition. Investors should note that past performance of Regis, including the historical trading prices of its shares, cannot be relied upon as an indicator of (and provides no guidance as to) Regis' future performance, including the future trading price of its shares. The historical information included in this presentation is, or is based on, information that has previously been released to the market.

As noted above, an investment in Regis shares is subject to known and unknown risks, some of which are beyond the control of Regis. Regis does not guarantee any particular rate of return or the performance of the Company, nor does it guarantee the repayment of capital from Regis or any particular tax treatment.

The distribution of this presentation (including an electronic copy) outside of Australia (including the United States) may be restricted by law and any such restrictions should be observed. Any non- compliance with these restrictions may contravene applicable securities laws.

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

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3 JUNE QUARTER 2022

Record quarterly gold production

Gold production of 124koz at an AISC of $1,591/oz

Duketon: 93koz gold produced at an AISC of $1,706/oz Tropicana: 31koz gold produced at an AISC of $1,157/oz

FY22 production of 437koz at an AISC $1,556/oz

FY22 gold production within guidance1 of 420-475koz FY22 AISC margin of $771/oz

Cash and bullion at 30 June 2022 of $231M

June quarter operating cash flow of $134M

June quarter cash build of $64M

1. Revised guidance as per ASX announcement released 24 January 2022 entitled "FY22 Guidance Update"

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4 JUNE QUARTER 2022

June quarter cash build of $64M

Cash & Gold2 on Hand - 30 June 2022

$350m

$134.2m

$300m

$231.3m

$250m

$18.0m

($55.7m)

$213.3m

($15.9m)

$200m

($10.8m)

($5.5m)

$167.1m

$150m

$100m

$50m

-

2. Gold on hand at end of June quarter was 9,063oz valued at spot gold price of $2,637/oz.

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5 FY23 PRODUCTION GUIDANCE

Building to a 500koz producer

Operation	Duketon	Tropicana (30%)	Group
Production (koz)	320	- 355	130	- 145	450	- 500
AISC (A$/oz)	1,550	- 1,650	1,350	- 1,450	1,525	-	1,625
Growth Capital (A$M)1	85	- 90	60	- 65	145	-	155
Exploration and McPhillamys (A$M)	37	11	722

1. Growth Capital includes open pit and underground pre-production mining costs, pre-strip costs, camp expansion costs and other growth related project and property, plant and equipment costs
2. Group includes guidance for expenditure associated with McPhillamys of A$24 million for FY23