Resolute Mining Limited · ASX:RSG

Resolute Mining — Investor Presentation (July 2026)

37 slides from Resolute Mining's investor presentation, Jul 30, 2026

  1. Slide 1: Corporate Presentation July 2026

    Corporate Presentation July 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$1.5 billion H1 Production H1 AISC H1 2026 105 koz Au $2,327/oz Production Development Net Cash EBITDA Construction Exploration $317 million $331 million Reserves (100% Basis) Resources (100% Basis) 2026E Production

  5. Slide 5: Resolute portfolio overview

    Strong organic growth pipeline across multiple regions Resolute portfolio overview Multiple Producing Assets Doropo First Gold from H2 2028 Diverse Growth Pipeline Syama Doropo Project3 ABC Project ▪ 195 – 210koz Post-tax NPV5 ▪ US$2,543 million Total Resources4 ▪ 3.0Moz Au FY26 Guidance1 ▪ US$1,950

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

    Growing annual gold production to over 500koz by 2029 Pathway to 500+ koz p.a. within four years1 Achieved Guidance2 Target Growth opportunities 277 koz 250-275 250-275 beyond 2030: Targeting >500koz p.a. with koz koz ✓ ABC Project Doropo in production ✓ La Debo Project ABC Feas. Studies workstreams

  7. Slide 7: Resolute Mining Corporate Snapshot

    Resolute Mining Corporate Snapshot Shareholder by Geography Public Market Overview 0.9% Resolute Capitalisation (28-Jul-26) USD AUD Share price 0.68 0.97 ANZ Ordinary Shares Outstanding 2,137 31.4% 31.4% North America Performance rights 18 Fully Diluted Shares Outstanding 2,156 EMEA Market Capitalis

  8. Slide 8: 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 0.9x Montage $1,218 Montage $815 Endeavour 0.8x Perseus $745 Perseus $384 Perseus 0.7x Endeavour $713 Endeavour $377 Fortuna 0.5x

  9. Slide 9: 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 Dave Jackson Non-Executive Chairman CEO and Managing Director Chief Financial Officer ▪ Chairman since September 2024 ▪ Appointed interim CEO on 1 December

  10. Slide 10: Côte d'Ivoire

    Côte d’Ivoire

  11. Slide 11: Côte d'Ivoire

    Côte d’Ivoire Côte d’Ivoire ABC Doropo Overview Doropo • Three high-quality organic projects: Côte d’Ivoire • Doropo Project: First gold anticipated in H2 2028 Côte d’Ivoire Côte d’Ivoire • ABC Project: Recent expanded Inferred MRE of over 3.0 La Debo Abidjan Moz Au • La Debo Project: Hosts a large-

  12. Slide 12: Doropo Project

    Resolute’s next major mine Doropo Project Project R&R o Acquired in 2025 from Anglogold Ashanti Tonnes Grade Contained (Mt) (g/t Au) Au (Moz) o Expected to be Resolute’s next major Gold Mine and first in Cote d’Ivoire Reserves 59 1.3 2.5 o Resolute has progressed from FID to construction Resources3

  13. Slide 13: Doropo Construction

    Construction activities ramped up through Q2 Doropo Construction o No LTIs since start of construction o Key Activities in Q2: o Ground broken at the process plant site, with bulk earthworks progressing and approximately 74 hectares cleared Process Plant Site Cleared Blinding poured for workshop are

  14. Slide 14: Doropo – Process Plant Site

    Doropo – Process Plant Site Primary Crusher Substation Stockpile Administration SAG & Ball Mill Thickener & CIL Gold Room Water Pond Construction Offices 14

  15. Slide 15: Doropo Planned Work

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

  16. Slide 16: 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 in H2 2026 Expans

  17. Slide 17: 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

  18. Slide 18: 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

  19. Slide 19: ABC Project – Next Steps

    ABC Project – Next Steps 2026 Activities o Progress feasibility studies and mining application by end of 2027 o Work programme over next 12-18 months: infill drilling, technical studies, environmental and social baseline work, metallurgical test work and site infrastructure upgrades o 80,000m drilli

  20. Slide 20: Mali

    Mali 20

  21. Slide 21: Syama Operation

    An asset with major potential Syama Operation Overview • Syama is located in the southwest of Mali, 300km southeast of the capital Bamako • Large-scale, long-life mine comprising of underground and open pit operations • Sulphide capacity being increased to 4 Mtpa with the Syama Sulphide Conversion P

  22. Slide 22: Syama Sulphide Conversion Project (SSCP)

    Commissioning and ramp up expected in H2 Syama Sulphide Conversion Project (SSCP) • Sulphide processing capacity increasing to 4.0 Mtpa by modifying the oxide comminution circuit and upgrading the roaster • SSCP expected to be commissioned through remainder of 2026 • SSCP 2026 capex guidance of $40

  23. Slide 23: Senegal

    Senegal

  24. Slide 24: Mako Operation

    Continues to generate strong cash flow Mako Operation Overview • Processing stockpiles after open-pit mining ended in June 2025 • H1 2026 gold production of 31.1 koz at AISC of $1,605/oz, in line with guidance Key Growth Catalysts • Mako Life Extension Project is designed to extend mine life beyond

  25. Slide 25: 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

  26. Slide 26: Guinea

    Guinea

  27. Slide 27: Guinea Exploration

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

  28. Slide 28: Financial Summary

    Financial Summary 28

  29. Slide 29: Financial Highlights – H1 2026

    Robust balance sheet for organic growth projects Financial Highlights – H1 2026 $585 million $197 million 1 1 Revenue Operating Cashflow $317 million $426 million Net Cash Available Liquidity $2,327/oz $4,712/oz Group AISC Avg. Realised Gold Price 29 1. Unaudited

  30. Slide 30: Balance sheet strengthened further

    Balance sheet strengthened further Q2 Cash Flow Summary Net Cash Movements in Q2 • Total capital and exploration expenditure of $63.5 million as development and exploration activities ramped-up 77.4 (2.2) • Total VAT paid in Q2 of $15.3 million with $10.2 million of VAT 315.4 53.9 317.4 Cashflow #039;m

  31. Slide 31: Conclusion

    Conclusion 31

  32. Slide 32: Next steps

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

  33. Slide 33: 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

  34. Slide 34: www.rml.com.au

    Resolute www.rml.com.au

  35. Slide 35: Appendix

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  36. Slide 36: 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 $2.02 $4.67 0.4x Perseus PRU $3.40 $5.07 0.7x Predictive PDI $0.46 $0.95 0.5x Orezone ORE $1.57 $3.78 0.4x Montage MAU $11.69 $12.90 0.9x Fortuna FVI $8.42 $15.57 0.5x B2Gold BTO $3.85 $8

  37. Slide 37: 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 West African WAF $2,033 ($347) $1,686 13.7 7.0 ASX Press Rele

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