Slide 1: Q1 2025 Activities Report
24 April 2025 Q1 2025 Activities Report ASX/LSE - RSG 1
Slide 2: Disclaimer
This presentation contains information about Resolute Mining This presentation includes certain forward-looking statements, JORC tables associated with the Bantaco drill results in this Limited (Resolute or the Company) and its activities that is including statements regarding our intent, belief or
Slide 3: Q1 2025 Highlights
Q1 2025 75,497oz $1,708/oz Highlights Gold Poured Group AISC $75.4m $100.3m “We remain committed to Robust Operating Cash Flow Healthy net cash position generating cash and reviewing opportunities to create shareholder value” 275-300koz 1.86 TRIFR - Chris Eger, Managing Director FY25 Guidance on tra
Slide 4: Key Investment Highlights
Key Investment Highlights › Established Multi-Asset Gold Producer Up to 300koz of annual production from two existing mines in multiple jurisdictions generating robust cash flows › High-Quality Portfolio with Growth Syama’s resource base has potential to underpin a higher Potential production level
Slide 5: 2024 Sustainability Highlights
2024 Sustainability Highlights Economic ➢ $779 million economic value distributed in Mali and Senegal ➢ $344 million of procurement expenditure in Mali and Senegal ➢ $2.2 million spent in community investment Social ➢ 96% national employment ➢ ISO 14001 and 45001 certification maintained Environment
Slide 6: Syama Q1 Highlights
Syama Q1 Highlights Solid foundation with more to come in 2025 48,234oz $1,835/oz $23.8m Sulphide Gold Poured AISC Capital Expenditure 587kt milled at 2.35g/t and 77% recovery producing 36.1koz Minor disruption resulted in use of lower-grade stockpiles in the mill feed Remains on track for ful
Slide 7: Mali Update
Mali Update ✓ Positively engaging with the Government on implementation of the 2023 Mining Code ✓ Stabilising relationship with Government providing foundation to build upon ✓ Working towards reestablishing settlements of VAT ✓ Resolute remains committed to the future of Syama and creating value for
Slide 8: Syama Sulphide Conversion Project
Syama Sulphide Conversion Project The SSCP remains on track and on budget ➢ Project has no LTIs after approximately 610,000 person- hours worked until the end of March 2025 ➢ Q1 capital expenditure of $8.4 million and in line with planned capital expenditure of $30m in 2025 Key Activities in Q1: ➢ C
Slide 9: Mako Q1 Highlights
Mako Q1 Highlights Strong cash flows with gold production weighted towards H1 27,263oz $1,274/oz $1.0m Gold Poured AISC Capital Expenditure Accelerated mining has continued to ensure mining activities are completed before the 2025 rainy season Q1 gold production of 27.3 koz in line with expectat
Slide 10: Tomboronkoto Update
Tomboronkoto Update Project progressing as planned ➢ Drilling in Q1 involved piezometer drilling and sterilisation drilling programs ➢ ESIA is in progress with a submission of a draft scheduled for H2 2025 ➢ Resolute expects validation of the ESIA and issuance of an Environmental Permit by the end o
Slide 11: Exploration Update
Exploration Update Exploration expenditure of $3.8m in Q1 11 11
Slide 12: Ore Reserves and Resources
Ore Reserves and Resources Total reserves and resources maintained in 2024 ➢ During Q1, published Ore Reserve and Mineral Ore Reserves (100% Basis) Resource Statement as at 31 December 2024 Proved Probable Total Reserves As at Tonnes oz Tonnes oz Tonnes oz g/t g/t g/t December 2024 (000s) (000s) (00
Slide 13: Bantaco (Senegal)
Bantaco (Senegal) Located 20km east of Mako, Drilling multiple prospects adjacent to Tomboronkoto with nine rigs on site No significant resettlement Initial MRE for Bantaco West required planned for Q3 2025. Extensive artisanal workings at Baisso and Bantaco 13 13
Slide 14: Bantaco West
Bantaco West Two zones of NE striking mineralization over strike length of 2km Approximate Bantaco West Timeline Dec-25 Dec-26 Sep-25 Sep-26 Mar-26 Mar-27 Jan-25 Jun-26 Oct-24 Apr-25 Jul-25 Technical Studies Exploration Drilling Infill Drilling Temporary ESIA Certificate Mining License Road Diversio
Slide 15: Bantaco South
Bantaco South NE striking mineralization from surface ➢ Drilling has intersected encouraging widths and grades of gold mineralisation ➢ Resolute drilling to date has confirmed NNE striking mineralisation ➢ Gold mineralisation is hosted in a hydrothermal breccia with disseminated pyrite in the cement
Slide 16: Côte d'Ivoire & Mali
Côte d’Ivoire & Mali Focused on additional oxides at Syama and resource growth at La Debo Mali Exploration ➢ A detailed re-evaluation of oxide gold prospects identified potential oxide resources at Zekere, Tabakoroni North Splay, and Djigui ➢ At the end of Q1 drill programs have been completed at Ze
Slide 17: Q1 Financial Highlights
Q1 Financial Highlights $75.4m $122.2m $1,708/oz Operating Cash Flow Cash and Bullion Group AISC $100.3m $186m $2,840/oz Net Cash Available Liquidity Avg. realised gold price 17 17
Slide 18: Cash Flow Summary
s Cash Flow Summary Q1 ➢ Remains unhedged with no senior debt on 75.4 balance sheet (28.0) (13.8) 122.2 ➢ Continuing work on Cashflow #039;m 101.3 (12.7) monetizing working capital ➢ Focused on cash generation Cash & Operating Capex & VAT Working Cash & Bullion Cash Exploration Capital Bullion 1 Jan 24
Slide 19: Other Significant Value Opportunities
Other Significant Value Opportunities Major shareholding in Loncor Gold Inc. and future payments from Ravenswood Loncor Gold Inc. ➢ Resolute holds a 20% shareholding in TSX-listed Loncor Gold Inc. (market capitalisation of C$97 million1) ➢ Loncor owns 84.68% of the Imbo Project in the east of the Ng
Slide 20: Resolute Summary
Resolute Summary ➢ On plan and on track for full-year production and cost guidance ➢ Strong net cash position and liquidity profile ➢ Robust free cash flow generation ➢ Stabilising relationship with Malian Government providing foundation to build value at Syama ➢ Compelling valuation metrics creatin
Slide 21: www.rml.com.au
Resolute www.rml.com.au