Slide 1: Mine Gold. Create Value. June 2020 Quarterly Activities Report
For personal use only Mine Gold. Create Value. June 2020 Quarterly Activities Report Corporate Presentation | July 2020
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: For personal use only
For personal use only Mako Senegal Syama Mali Bibiani Ghana Strategic Review Ongoing 2020 Guidance Mineral Resources Ore Reserves Market Capitalisation 430koz at US$980/oz 13.3Moz 4.7Moz A$1.37Bn £760m | US$970m AISC Note: Market capitalisation as at 21 July 2020. Mineral Resources and Ore Reserves
Slide 4: COVID-19 Response
COVID-19 Response The health, safety and well-being of our people is our highest priority For personal use only • Comprehensive companywide response plan implemented • Keeping our mines running is important for all stakeholders • FY20 production and cost guidance maintained • Regional experience, se
Slide 5: Commitment to Sustainability
Commitment to Sustainability For personal use only 1.07 50% Total Recordable Injury Frequency Rate Reduction in TRIFR (TRIFR) in past 12 months ZERO Major Environmental Proactive Incidents or Approach to Tailings Regulatory Non- Dam Management Compliance $814m 90% Total Economic National Value Distr
Slide 6: Responsible Gold Mining
Responsible Gold Mining For personal use only Sustainable Performance Framework based on commitment to the World Gold Council’s Responsible Gold Mining Principles Photo: Revegetation activities, Mako Gold Mine 5
Slide 7: June 2020 Quarter in Review
June 2020 Quarter in Review For personal use only COVID-19 • Comprehensive companywide response implemented; US$1 million to support Mali Govt / Senegal Govt response Response • Mining and processing continuing with currently no negative impact on gold production Production • Gold poured of 107,183o
Slide 8: Operational Performance
Operational Performance For personal use only June 2020 Quarter 107,183oz US$1,033/oz Total Gold Poured All-In Sustaining Cost 110,660oz Total Gold Sold US$1,446/oz Ave Price Received Photo: Tabakoroni Open Pit Mine 7
Slide 9: June 2020 Quarter Production of 107,183oz
June 2020 Quarter Production of 107,183oz For personal use only 2020 Production Guidance of 430,000oz Multi-Asset Production Base 110,763oz 107,183oz 103,201oz 105,293oz 42,186 78,132oz 42,997 43,478 44,191 12,375 11,046 13,206 15,351 65,757 63,705 57,531 45,804 46,945 Jun 19 Qtr Sep 19 Qtr Dec 19 Q
Slide 10: June 2020 Quarter AISC of US$1,033/oz
June 2020 Quarter AISC of US$1,033/oz For personal use only 2020 Cost Guidance of US$980/oz AISC by Asset (US$/oz) Group (1) AISC 939 1,202 1,419 1,107 1,033 2,157 1,642 1,523 1,537 1,422 1,087 1,083 1,113 790 821 716 658 694 Jun 19 Qtr Sep 19 Qtr Dec 19 Qtr Mar 20 Qtr Jun20 Qtr Syama Mako Ravenswoo
Slide 11: Syama Gold Mine: Mali
Syama Gold Mine: Mali For personal use only 2020 Guidance: 260,000oz at an AISC of US$960/oz Increase sulphide recoveries to +80% Syama Underground operating at full capacity Continuing high margin oxide operations Define mine plan for Tabakoroni Underground Update and publish new Syama Life of Mine
Slide 12: Sulphide Operations
Sulphide Operations For personal use only 80% gold recoveries through processing Syama Underground Mine Sulphide Production Processing recovery and gold poured • 35,248oz produced; 64% increase over the prior quarter • AISC US$1,333/oz – reflects draw down of high cost inventory 40,000 90 • Overall
Slide 13: Oxide Operations
Oxide Operations For personal use only Low cost production from Tabakoroni; satellite deposits to provide feed in H2 2020 Oxide Production • 28,457oz at an AISC of US$840/oz • 95% recovery achieved from Tabakoroni North and Splay Pits Future Oxide Production • Mining completed at Tabakoroni • Cashew
Slide 14: Syama Outlook
Syama Outlook For personal use only New Syama Power Plant • Bulk earthworks, mobilisation and construction commenced and progressing to plan • 40% reduction to power costs • Environmentally friendly, reducing emissions by ~ 20% Tabakoroni Underground Mine • PFS due for completion in current quarter
Slide 15: Mako Gold Mine: Senegal
Mako Gold Mine: Senegal For personal use only 2020 Guidance: 160,000oz at an AISC of US$800/oz Maintain high productivity, low cost operations Strong cash flow generative operations Regional exploration to further extend mine life 14
Slide 16: Mako Operations
Mako Operations For personal use only Consistent performance with strong cashflow generation Production • 43,478oz poured • AISC of US$821/oz Processing • 92-93% recoveries Stockpile • +2Mt at an average grade of 1.2g/t Consistent, strong positive cash flows Photo: Recently commissioned Caterpillar
Slide 17: Mako Outlook: Updated Life of Mine Plan
Mako Outlook: Updated Life of Mine Plan For personal use only Material improvement to gold production and mine life Mako LOM update New LOM Annual Production and AISC • Average annual production of 140koz over next five years Annual Production (t) AISC US$ • LOM production from inception of 1.24Moz,
Slide 18: Financial Performance
Financial Performance For personal use only June 2020 Quarter US$64m US$88m Operating Cash Flow Cash and Bullion at 30 June US$18m Capital and Exploration US$220m Net Debt at 30 June Expenditure Note: Capital expenditure includes sustaining capital expenditure and Bibiani care and maintenance. Photo
Slide 19: Cash Flow Analysis (US$ million)
Cash Flow Analysis (US$ million ) For personal use only 18
Slide 20: 2020 Guidance and Outlook
2020 Guidance and Outlook For personal use only Production Costs 430,000oz production guidance maintained for 2020 US$980/oz AISC affirmed despite impact of COVID-19 Development Balance Sheet Tabakoroni Underground PFS due for completion Net debt reduction focus for H2 2020 Exploration Growth Ongoin
Slide 21: Corporate Summary
Corporate Summary (ASX / LSE : RSG) For personal use only Capitalisation A$ £ US$ ASX Price Performance Share Price $1.24 £0.69 $0.88 $2.25 40 Shares on Issue 1,102, 826,939 $2.00 35 Market Capitalisation $1.37B £760m $970m $1.75 30 Top 10 Shareholders 2020 Guidance $1.50 25 Share Price A$ Volume (m
Slide 22: Contact
For personal use only Follow Us Contact John Welborn | Managing Director & CEO EMAIL | contact@rml.com.au PHONE | +61 8 9261 6100 WEB | www.rml.com.au