Resolute Mining Limited · ASX:RSG
Resolute Mining — Africa Down Under Conference 2021
28 slides from Resolute Mining's conference presentation, Sep 1, 2021
Slide 1: 2021 Africa Down Under Presentation
For personal use only 2021 - Africa Down Under Presentation 1 September 2021
Slide 2: Important notices and disclaimers
Important notices and disclaimers For personal use only This presentation contains information about Resolute Mining Limited (Resolute or the Company) and its activities that is current as at the date of this presentation unless otherwise stated. The information in this presentation remains subject
Slide 3: Operational history in Africa
Operational history in Africa For personal use only Successful history of development and contribution to economy ▪ Resolute commenced operations Africa in 1996 Mako, Senegal ▪ 5.5 million ounces produced from Africa 2019 -present ▪ Total capital, royalties and taxes of Syama, Mali 2004 -present ~$3
Slide 4: Year in review
Year in review Reflecting on the last 12 months For personal use only ▪ Key Board, executive and management appointments ▪ Syama underground mining, processing and roaster throughput at highest levels ▪ Mako continuing to achieve targets ▪ Implementation of productivity and efficiency initiatives ▪
Slide 5: Multi asset production base
Multi asset production base For personal use only H1 21 average realised price $1,733/oz; Syama Sulphide contribution increasing; Mako cutback on track 217,946 oz 208,495 oz at an AISC $1,020/oz at an AISC $1,090/oz 11,046 177,191 oz 28,557 at an AISC of $1,074/oz 163,118 oz at an AISC of $1,277/oz
Slide 6: Key metrics
Key metrics H1 21 operations and financial summary For personal use only Revenue Gold sold $261m 152koz Operating EBITDA cash flow $78m $69m Net loss after tax $220m Reserves 1 Resources 1 4.0Moz 8.5Moz 5 1. Excludes Bibiani reserves (660koz) and resources (2.5Moz) Africa Downunder 2021
Slide 7: Strengthening balance sheet and hedge book
Strengthening balance sheet and hedge book Focus on disciplined capital management and balance sheet simplification For personal use only Balance sheet improvement Gold hedging Forward Sales ▪ $29.7m in debt repayments including $20m voluntary debt repayment (at 30 June 21): on Revolving Credit Faci
Slide 8: Resolute long life gold producer
Resolute long life gold producer Significant potential for expansion of resource base and near mine upside For personal use only ▪ Syama Life of Mine (LOM) updated: Au (koz) AISC ($/oz) ‒ 250koz - 300koz per annum 600 ‒ Average All-In Sustaining Cost (AISC) of 1,200 ~$1,000/oz to 2029 500 1,000 ▪ Ox
Slide 9: Key initiatives
Key initiatives Production and processing focus For personal use only Systems ▪ Implementation of key systems and process which support improved consistency, production and cost reduction ▪ Management operating system development and adoption across Syama ▪ On-Stream Analyser implementation - proces
Slide 10: Mali
2020 Financial Results Presentation For personal use only Mali 9
Slide 11: Syama Gold Mine
Syama Gold Mine For personal use only Long life asset with significant gold resource endowment and exploration potential Current Mine Life Mineral Resources 11 years 7.6Moz Plant Capacity Ore Reserves Oxide 1.5Mtpa 3.3Moz Sulphide 2.4Mtpa LOM AISC Target Site Production US$1,000/oz 250-300koz pa Emp
Slide 12: Syama operations highlights
Syama operations highlights For personal use only Improved operating performance with record throughputs and material movement ▪ Syama Sulphide performs at record levels in Q21: – Total tonnes mined of 700,368t – Sulphide throughput in 557,755t – Record roaster throughput of 43,324t – Production dur
Slide 13: Syama hybrid modular power station
Syama hybrid modular power station For personal use only A sustainable solution with long term benefits ▪ Commissioned three modular 10MW power blocks ▪ 10MW battery storage system ▪ Construction of the Bulk Fuel Storage Facility has been completed, with 4 million litres capacity ▪ Reducing carbon e
Slide 14: Syama Greenstone Belt
Syama Greenstone Belt For personal use only Control over 85km strike length of highly prospective region ▪ Total resources of 7.5Moz ▪ Large sulphide Mineral Resources and Ore Reserves ▪ Substantial unexplored sulphide potential ▪ Extension of oxide mine life ▪ Consider options for development of su
Slide 15: Outstanding Tabakoroni drill results
Outstanding Tabakoroni drill results For personal use only Multiple, very-high grade intersections returned from positions outside the current resource model ▪ High grade underground mineral resource ▪ 8.1Mt @ 4.89g/t Au for 1.26Moz (Dec 2020) – UG Ore Reserves 430,000oz – UG Mining Inventory 700,00
Slide 16: Syama North - Oxide
Syama North - Oxide For personal use only Positive results provide potential for oxide mine life extension ▪ Extensive drilling throughout 2021 targeting oxide mineralisation adjacent to historic open pits ▪ Recently identified new zones of mineralisation ▪ Resources are not included in the current
Slide 17: Senegal
2020 Financial Results Presentation For personal use only Senegal 16
Slide 18: Mako Gold Mine
Mako Gold Mine For personal use only High margin open pit with near mine exploration optionality Mineral Resources Mine Life 965koz 6 years Ore Reserves Plant Capacity 780koz 2.1Mtpa LOM AISC Target Site Production US$900/oz 120-140koz pa Employment Investment in capex, 307 direct tax, royalties 951
Slide 19: Mako operations highlights
Mako operations highlights For personal use only Strong operating performance with record throughputs and mining performance ▪ Planned cutback well progressed, enabling access to higher grade ore ▪ Maintained good operational margin whilst undertaking cutback stripping campaign ▪ Continues to meet a
Slide 20: Exploration: Senegal
Exploration: Senegal For personal use only Near mine exploration focus to support the capital investment in the operation Mako ▪ Mako mine life extended to 2027 ▪ Several near-mine targets on Mine Lease ▪ Mako NW target, soil anomaly parallel to Mako mine Mako Regional ▪ Increasing ground holdings a
Slide 21: Portfolio
For personal use only Portfolio 20
Slide 22: Exploration: Regional
Exploration: Regional For personal use only Early stage exploration projects in Guinea Kourouba JV ▪ 4km Au soil anomaly ▪ Extensive artisanal workings ▪ AC program just completed with encouraging results Niagassola ▪ Large untested Au soil anomaly ▪ Auger drilling underway Kouroussa ▪ Untested Au s
Slide 23: Strategic Investments in Africa
Strategic Investments in Africa Resolute’s strategic investment portfolio comprises of the following West African based investments For personal use only 15% Value: Objective stake $16.9 million Establish a portfolio of investments in emerging gold explorers to provide potential for 21% Value: mediu
Slide 24: Portfolio Updates
Portfolio Updates For personal use only Bibiani Gold Mine Resolute completed the sale of the Bibiani Gold Mine to Asante Gold Corporation (Asante) for total cash consideration of $90 million ▪ $30m cash received ▪ $30m in six months from Completion ▪ $30m in twelve months from Completion Ravenswood
Slide 25: Sustainability
For personal use only 24 Sustainability Africa Downunder 2021
Slide 26: Sustainability
Sustainability For personal use only Operating responsibly across the communities in which we operate Health ▪ Over 1,100 employees and contractors vaccinated against COVID:19 in H1 21 ▪ Zero COVID:19 operational disruptions Safety & Security ▪ Total Recordable Injury Frequency Rate of 1.24 at June
Slide 27: Outlook
Outlook For personal use only Capitalise on strong foundation and existing investments ▪ People, systems and processes ▪ Reliable delivery on production and costs ▪ Disciplined capital management to simplify balance sheet ▪ Unlock near mine exploration potential and value ▪ Committed to Responsible
Slide 28: Contact
For personal use only Contact Follow Us Stuart Gale | Managing Director & CEO EMAIL: contact@rml.com.au PHONE: +61 8 9261 6100 WEB | www.rml.com.au