Slide 1: 2022 Africa Down Under Presentation
For personal use only 2022 Africa Down Under Presentation Doug Warden – Chief Financial Officer Bruce Mowat – Executive General Manager - Exploration 31 August 2022 www.rml.com.au ASX/LSE - RSG 1
Slide 2: Disclaimer
This presentation contains information about Resolute Mining Before making any investment decision in connection with any Announcements and confirms that all material assumptions and Limited (Resolute or the Company) and its activities that is acquisition of Resolute securities, prospective investor
Slide 3: Capital Structure - (ASX / LSE : RSG)
Capital Structure - (ASX / LSE : RSG) For personal use only A$ US$ Aggregated shareholder base as at 28 July 2022 1 ICM Limited 10.7% ASX Share price per share¹ 0.285 0.19 2 Baker Steel Capital Managers LLP 5.5% Shares outstanding 1,104m 1,104m 3 Vanguard Group Holdings 4.3% Market capitalisation 31
Slide 4: Operational History in Africa
Multi asset Operational History in Africa production base For personal use only • Resolute commenced operations in Africa in 1996 • 5.8 million ounces produced from Africa Syama, Mali • Total capital invested, royalties and taxes of ~$3.1bn Mako, Senegal 2004 -present • Historical investments in Afr
Slide 5: Sustainability initiatives
Sustainability initiatives For personal use only • Total Recordable Injury Frequency Rate (TRIFR) reduces from 1.24 to 0.89 in last 12 months • Updates to environmental approvals support future growth initiatives at Syama • ISO:45001 and ISO:14001 certification planned for Q4 2022 • Local contracts
Slide 6: Our People & Communities key to our success
Our People & Communities key to our success For personal use only • ~4,000 employees & contractors (Mali: 2,700; Senegal 1,300) • 93% national workforce • Positive industrial relations environment - no disputes since 2020 • Leadership development program delivered to 300 employees in 2022 • 40% gend
Slide 7: Improved Conservation - Niokolo-Koba National Park
Improved Conservation - Niokolo-Koba National Park For personal use only • Growth trends observed for critically endangered wildlife o Lion o Leopard o Chimpanzee o Elephant 7
Slide 8: WGC - Responsible Gold Mining Principles
WGC - Responsible Gold Mining Principles For personal use only 2022 Progress against the 10 Responsible Gold Mining Principles 100 90 80 70 60 50 40 30 20 10 - Ethical Understanding Supply Safety & Human Rights Labour Working Environmental Biodiversity, Water, Energy Aggregate Conduct our Impacts Ch
Slide 9: Syama Gold Mine: Mali
Syama Gold Mine: Mali For personal use only Long-life asset over 85km of strike in a highly prospective gold region Mineral Resources 8.7 Moz Ore Reserves 3.4 Moz Plant Capacity Oxide 1.5 Mtpa Sulphide 2.4 Mtpa 2022 Target Production 220 koz Employment 807 Direct 2,096 Contractors Investment in cape
Slide 10: Mako Gold Mine: Senegal
Mako Gold Mine: Senegal For personal use only Conventional open pit mining and processing operations with near mine potential Mineral Resources 826 koz Ore Reserves 661 koz Plant Capacity 2.1 Mtpa 2022 Target Production 125 koz Employment 304 Direct 957 Contractors Investment in capex, tax, royaltie
Slide 11: Consistent Production Improvement
Multi asset Consistent Production Improvement production base For personal use only 90,000 1,600 Q2 2022 reflects: 80,000 1,400 33,649 70,000 • 40% increase in Syama Sulphide 33,575 1,200 29,035 34,076 production following the plant 60,000 1,000 shutdown in Q1 2022 AISC $/oz Ounces 50,000 12,726 800
Slide 12: Financial Performance
Financial Performance $318m $78m For personal use only H1 2022 Revenue EBITDA $61m $4m Operating cash flow Underlying profit after tax* $82m $183m Cash and bullion Net debt 12 *Reported net loss after tax of $24m after adjusting for abnormal items
Slide 13: Corporate Activities
Corporate Activities For personal use only Bibiani Gold Mine Ravenswood Gold Mine1 On 24 August 2022, Resolute agreed with Asante Gold Corporation • A$50m 6% promissory note payable by 2027 (Asante) a deferred payment arrangement for the final tranche of $30m (plus $2.7m in respect of an environment
Slide 14: 2022 Guidance
2022 Guidance For personal use only Production and AISC • Gold production: 345,000oz • AISC: $1,425/oz 2022 Capex • Sustaining capex included in AISC: $63m • Non-sustaining capex: $18m Exploration Expenditure • $15m focused on near mine targets of Syama Sulphide and Mako 14
Slide 15: Senegal
Senegal Near mine exploration focus to support For personal use only the capital investment in the operation Mako • Several near-mine targets on Mine Lease • Mako NW target, soil anomaly parallel to Mako mine Laminia JV • Recently signed JV on Laminia permit located 15km from Mako • Outcropping gold
Slide 16: Syama Exploration
Syama Exploration Syama Greenstone Belt For personal use only • Resolute controls the entire 85km strike length of the Syama Greenstone Belt o Highly endowed gold belt with total Mineral Resources of 8.7 Moz¹ o Ore Reserves of 3.4 Moz o 3 Moz production to date since 1990’s o Very well-known geology
Slide 17: Syama North
Syama North 20Mt @ 3.1g/t Au for 2Moz Present model of 3km strike length drilled to 150m below surface For personal use only A21 Pit Quartz Vein Hill Pit 1201800N 1200850N 17
Slide 18: Syama North Exploration
Syama North Exploration For personal use only New resource a 40% increase over the previous estimate • Updated Mineral Resource Estimate for Syama North increases to 2Moz at a cut-off grade of 1 g/t Au Cross Section at 1201800N showing drillholes and results • Recent results over 3 km of strike repr
Slide 19: Contact
For personal use only Contact James Virgo GM – Finance and IR www.rml.com.au Email: contact@rml.com.au Phone: +61 8 9261 6100 19