Resolute Mining Limited · ASX:RSG

Resolute Mining — Investor Presentation (September 2026)

39 slides from Resolute Mining's investor presentation, Sep 21, 2026

  1. Slide 1: Corporate Presentation

    Corporate Presentation 21 September 2026

  2. Slide 2: Disclaimer

    Disclaimer This presentation contains information about Resolute Mining Limited (Resolute or the regarding our intent, belief or current expectations with respect to Resolute’s business This announcement contains estimates of Resolute’s mineral resources. The information Company) and its activities

  3. Slide 3: Investment highlights

    One of Africa’s leading gold producers, well-positioned for transformative growth Investment highlights Diversified, multi-asset West African gold producer underpinned by long-life operations and a substantial 19 Moz gold Mineral Resource Estimate base Executable pathway to increase gold production

  4. Slide 4: Resolute snapshot

    Strategic geographic footprint with robust growth Resolute snapshot Market Cap c. US$1.9 billion Gold Production AISC H1 2026 105 koz Au $2,327/oz Production Development Net Cash EBITDA Construction Exploration $317 million $324 million Reserves (100% Basis) Resources (100% Basis) Gold Production Ca

  5. Slide 5: Resolute portfolio overview

    Strong organic growth pipeline across multiple regions Resolute portfolio overview Multiple Producing Assets Doropo First Gold in H2 2028 Diverse Growth Pipeline Syama Doropo Project2 ABC Project  75 koz Au Post-tax NPV5  US$2,543 million Total Resources3  3.0Moz Au at 0.7 g/t Au H1 2026 Producti

  6. Slide 6: Pathway to 500+ koz p.a. within four years

    Growing annual gold production to over 500koz by end of 2028 Pathway to 500+ koz p.a. within four years1 Achieved Guidance2 Target Growth opportunities 277 koz 205-225 250-275 beyond 2030: Targeting >500koz p.a. with koz koz  ABC Project Doropo in production ABC Feas. Studies  La Debo Project work

  7. Slide 7: Corporate Snapshot

    Resolute Mining Corporate Snapshot Public Market Overview Share Price Performance Resolute Capitalisation Share Price (A$) Gold Price (US$/oz) (Indexed) USD AUD (21-Sep-26) Strategic partnership in Guinea $1.80 signed Share price ($) 0.88 1.24 Doropo DFS update $1.60 Ordinary Shares 2,137 $1.40 La D

  8. Slide 8: Corporate Snapshot (Cont'd)

    Resolute Mining Corporate Snapshot (Cont’d) Shareholder by Geography1 Broker Coverage 0.9% Risked Asset Basis Average Average 31.4% 31.4% Target Average Average Average Group Doropo Broker Rating Price Syama NPV Mako NPV ABC NPV Exploration NPV (A$/sh.)2 (US$m)3 (US$m)4 (US$m)6 EV (US$m)5 (US$m)7 36

  9. Slide 9: Resolute Versus Select Gold Peers

    Transforming Resolute into a leading West African gold producer Resolute Versus Select Gold Peers P / NAV (x) EV / Reserve (US$/oz Au)1 EV / Resource (US$/oz Au)1 Montage 1.0x Montage $1,693 Montage $1,134 Endeavour 1.0x Fortuna $1,080 Fortuna $740 Perseus 1.0x Endeavour $913 Endeavour $484 Fortuna

  10. Slide 10: Board and Executive Management Team

    Highly experienced Management and Board Board and Executive Management Team Board of Directors Executive Management Team Andrew Wray Chris Eger Gavin Harris Non-Executive Chairman CEO and Managing Director Chief Operating Officer  Chairman since September 2024  Appointed CEO on 1 December 2024  A

  11. Slide 11: Côte d'Ivoire

    Côte d’Ivoire

  12. Slide 12: Côte d'Ivoire

    Côte d’Ivoire Côte d’Ivoire Overview • Three high-quality organic projects: • Doropo Project: First gold anticipated in H2 2028 • ABC Project: Recent expanded Inferred MRE of over 3.0 Moz Au at 0.7 g/t Au • La Debo Project: Hosts a large-scale resource with high exploration success to date Key Growt

  13. Slide 13: Doropo Project

    Resolute’s next major mine Doropo Project Project R&R o Acquired in May 2025 from AngloGold Ashanti Tonnes Grade Contained o Expected to be Resolute’s next major Gold Mine and first in (Mt) (g/t Au) Au (Moz) Côte d’Ivoire​ Reserves 59 1.3 2.5 o Resolute has progressed from FID to construction Resour

  14. Slide 14: Doropo Construction

    Construction activities ramped up through Q2 Doropo Construction o No LTIs since start of construction o EPCM contractor (Lycopodium) demonstrated ability to bring West Africa gold projects into production on schedule o Key Activities: o H1 2026 capex incurred of US$41m with ~60% of development Proc

  15. Slide 15: Doropo – Process Plant Site

    Doropo – Process Plant Site 15

  16. Slide 16: Doropo Planned Work

    Doropo Planned Work Planned activities for remainder of 2026: o Complete and upgrade key site access and accommodation infrastructure o Progress critical water infrastructure (water boreholes, WHD and WSD) o Commence civil and concrete works (CIL ring beam, mill and crushing areas) o Start power inf

  17. Slide 17: Doropo Opportunities

    Significant potential on the Mining Permit Doropo Opportunities Planned exploration • Exploration drilling within the Doropo Mining Permit will target Vako and Kilosegui • Detailed exploration plans are underway with up to 30,000m of potential drilling, with results to be published by Q1 2027 Expans

  18. Slide 18: Doropo - Kilosegui Exploration

    Significant potential on the Mining Permit Doropo - Kilosegui Exploration Overview • Current Kilosegui ore reserves of 22 Mt at 1.22 g/t for 856 koz Au and Mineral Resources of 40Mt at 1.1g/t for 1.39Moz Au (at US$3,000/oz optimised pit shell) • Strip ratio of 4.4:1 (waste:ore) • Significant potenti

  19. Slide 19: ABC Project

    Potential to become Resolute’s fourth mine ABC Project o ABC is being advanced with the objective of becoming Resolute’s fourth mine in West Africa and second mine in Côte d’Ivoire o Key Activities: o 31,000m of drilling conducted over H1 2026 resulted in MRE update in July 2026 o Moya and Windou id

  20. Slide 20: ABC Project - MRE Update

    ABC Project - MRE Update Expanded MRE in July 2026 o Majority of the updated Mineral Resource is within 250m of surface o Kona South and Kona Central deposits remain open along strike and at depth o Total of 149 holes completed in 2026 o 124 RC holes for 23,473m o 25 diamond drillholes for 7,645m In

  21. Slide 21: ABC Project – Next Steps

    ABC Project – Next Steps o Progress feasibility studies and mining application by end of 2027 o Work programme over next 12 to 18 months: infill drilling, technical studies, environmental and social baseline work, metallurgical test work and site infrastructure upgrades o 80,000 m drilling program u

  22. Slide 22: Mali

    Mali 22

  23. Slide 23: Syama Overview

    Syama Overview Ownership 2025 80% RSG 3.9 Mt processed 20% Mali at 1.74 g/t for 176.3 koz Au Mining Processing Sub-level cave 4.0 Mtpa plant owner-operated Ability to process Open-pit contract oxide (CIL) and mining sulphide (float, roast and CIL) Reserves & Resources1 Tonnes Grade Contained (Mt) (g

  24. Slide 24: Syama Production Overview

    Navigating a difficult operating environment in Mali Syama Production Overview Key Metrics Key Events H1 2026 H1 2025 FY2025 Sulphide • $160 million settlement with the Government of Ore Mined t 1,254,201 960,023 2,205,298 Mali in Q4 2024 Mining Mined Grade g/t 2.09 2.45 2.30 Oxide • Transition to t

  25. Slide 25: Syama Sulphide Conversion Project

    Commissioning and ramp up expected in H2 Syama Sulphide Conversion Project  Modifies the oxide comminution circuit and upgrades the roaster, creating a second route for sulphide ore  Key for Syama’s transition from an oxide-supported asset to a larger, long-life sulphide operation  Commissiong is

  26. Slide 26: Senegal

    Senegal

  27. Slide 27: Mako Overview

    Mako Overview Ownership 2025 90% RSG 2.3 Mt processed 10% Senegal at 1.49 g/t for 100.9 koz Au Processing Reserves1 2.1 Mtpa CIL Mako Stockpiles plant of 118 koz at 0.9 g/t Au  Open pit mining activities ceased in June 2025 and currently stockpile processing until end of 2027  Focus is on extendin

  28. Slide 28: Mako Life Extension Project (MLEP)

    Mako Life Extension Project (MLEP) • MLEP development is staged to minimise disruption to mill feed, where existing stockpiles supply the plant through 2027 into Q1 2028 • Bantaco mining scheduled to commence in H2 2027, providing near-term feed and bridging an anticipated ore gap in 2028 • Tomboron

  29. Slide 29: Guinea

    Guinea

  30. Slide 30: Guinea Exploration

    Exploration in a fourth jurisdiction Guinea Exploration Recent activities • Advanced early-stage exploration through fieldwork at Barana, alongside continued review of broader growth opportunities • Secured early-stage exploration exposure through a reconnaissance authorisation covering 83km² within

  31. Slide 31: Financial Summary

    ie, Financial Summary

  32. Slide 32: Financial Highlights – H1 2026

    Robust balance sheet for organic growth projects Financial Highlights – H1 2026 Credit Facilities $585 million $226 million 1 • Targeting $260 million of credit facilities Revenue Net Operating Cashflow • Secured $155.0 million of credit facilities from Bank of Africa, AFG, NSIA Banque $317 million

  33. Slide 33: Conclusion

    ie, Conclusion

  34. Slide 34: Next steps

    Strong organic growth pipeline Next steps Achieved 2026 Remaining 2027 2028  Doropo mining permit • Continue Doropo construction • Continue Doropo construction Côte  Doropo construction • Doropo commissioning and Côte • Doropo exploration activities • Follow up studies at ABC and d’Ivoire commence

  35. Slide 35: Resolute Summary

    Resolute Summary  Well-capitalised to fund Doropo construction under current market and regulatory conditions  Advancing a robust organic growth pipeline across asset portfolio  Strong balance sheet with net cash position of $317 million  Strategically expanding geographic footprint with a focus

  36. Slide 36: www.rml.com.au

    Resolute www.rmi.com.au

  37. Slide 37: Appendix

    ie, IX end p p A

  38. Slide 38: Select Peer P/NAV

    Appendix Select Peer P/NAV1 Company Ticker Code Share Price NAVPS P / NAV US$/share US$/share X West African WAF $2.56 $4.27 0.6x Perseus PRU $4.71 $4.86 1.0x PDI Gold PDI $3.45 $5.17 0.7x Orezone ORE $2.26 $4.54 0.5x Montage MAU $14.28 $14.28 1.0x Fortuna FVI $11.74 $15.78 0.7x B2Gold BTO $5.30 $8.

  39. Slide 39: Peer EV, reserve and resource benchmarking

    Appendix Peer EV, reserve and resource benchmarking Ticker Market Net Enterprise Minerals Ore EV / EV / Company Source Date Code Capitalisation Debt Value1 Resources2 Reserves2 Resources Reserves US$m US$m US$m Moz Au Moz Au US$/oz US$/oz Sep 2026 Corporate West African WAF $4,118 ($1,495) $2,622 13

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