Resolute Mining Limited · ASX:RSG
Resolute Mining — Gold Forum Americas 2021
22 slides from Resolute Mining's conference presentation, Sep 13, 2021
Slide 1: For personal use only
For personal use only 13 September 2021
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: 2021 Highlights
2021 Highlights For personal use only ▪ Key Board, executive and management appointments ▪ Syama underground mining, processing and roaster throughput at highest levels ▪ Mako continuing to achieve targets ▪ Implementation of productivity and efficiency initiatives ▪ Tabakoroni underground resource
Slide 4: Operational and financial overview
Operational and financial overview For personal use only Revenue $261m Gold sold 152koz EBITDA $78m Operating cash flow $69m Net loss after tax $220m Reserves 1 4.0Moz Resources 1 8.5Moz 1. Excludes Bibiani reserves (660koz) and resources (2.5Moz) Gold Forum Americas 2021 4
Slide 5: Multi asset production base
Multi asset production base For personal use only H1 21 average realised price $1,733/oz; Syama Sulphide contribution increasing; Mako cutback on track 217,946 oz 208,495 oz at an AISC $1,020/oz at an AISC $1,090/oz 11,046 177,191 oz 28,557 at an AISC of $1,074/oz 163,118 oz at an AISC of $1,277/oz
Slide 6: Long life gold producer
Long life gold producer Significant potential for expansion of resource base and near mine upside For personal use only ▪ Syama mine life updated April 21: Au AISC (koz) ($/oz) – 250koz - 300koz per annum 600 1,200 – Average AISC ~$1,000/oz to 2029 500 1,000 ▪ Oxide production to 2023 ~80koz pa 400
Slide 7: Cash flow analysis
Cash flow analysis For personal use only H1 21 operating activities of $41.6m support Capex of $37.4m and debt repayments of $29.7m Gold Forum Americas 2021 7
Slide 8: Strengthening balance sheet and hedge book
Strengthening balance sheet and hedge book For personal use only Gold hedging Forward Sales Balance sheet improvement (at 31 August 2021): Forward Price ($/oz) Delivery (oz) ▪ $59.7m in debt repayments including $50m voluntary debt repayment on Revolving Credit Facility Sept 2021 Quarter 1,730 23,00
Slide 9: Key initiatives
Key initiatives Production and processing focus For personal use only People Continue to build our teams: ▪ Board renewal, appoint of key executives and site based operational managers ▪ Support and training of managers and supervisors to deliver production and cost improvements Systems Implement ke
Slide 10: Syama gold mine
Syama gold mine For personal use only Long life asset with significant gold resource endowment and exploration potential Mineral Resources 7.6Moz Current Mine Life 11 years Ore Reserves 3.3Moz Oxide Plant Capacity 1.5Mtpa Sulphide Plant Capacity 2.4Mtpa LOM AISC $1,000/oz Target Site Production 250-
Slide 11: Syama hybrid power station
Syama hybrid power station For personal use only A sustainable solution with long term benefits ▪ Commissioned three modular 10MW power blocks ▪ 10MW battery storage system ▪ Construction of the Bulk Fuel Storage Facility has been completed, with 4 million litres capacity ▪ Reducing carbon emissions
Slide 12: Mako gold mine
Mako gold mine For personal use only High margin open pit with near mine exploration optionality Mineral Resources 965koz Current Mine Life 6 years Ore Reserves 780koz Plant Capacity 2.1Mtpa LOM AISC $900/oz Target Site Production 120-140koz pa Gold Forum Americas 2021 12
Slide 13: Syama greenstone belt
Syama greenstone belt For personal use only Control over 85km strike length of highly prospective region ▪ Total resources of 7.5Moz ▪ Significant potential for further exploration success ▪ Large sulphide Mineral Resources and Ore Reserves ▪ Extension of oxide mine life ▪ Consider options for devel
Slide 14: Outstanding Tabakoroni drill results
Outstanding Tabakoroni drill results For personal use only Multiple, very-high grade intersections returned from positions outside the current resource model ▪ High grade underground mineral resource ▪ 8.1Mt @4.89g/t Au for 1.26Moz (Dec 20) – UG Ore Reserves 430,000oz – UG Mining Inventory 700,000oz
Slide 15: Syama North - Oxide
Syama North - Oxide For personal use only Positive results provide potential for oxide mine life extension ▪ Extensive drilling throughout 2021 targeting oxide mineralisation adjacent to historic open pits ▪ Recently identified new zones of mineralisation ▪ Resources are not included in the current
Slide 16: Exploration: Senegal
Exploration: Senegal For personal use only Near mine exploration focus to support the capital investment in the operation Mako ▪ Mako mine life extended to 2027 ▪ Several near-mine targets on Mine Lease ▪ Mako NW target, soil anomaly parallel to Mako mine Mako Regional ▪ Increasing ground holdings a
Slide 17: Exploration: Regional
Exploration: Regional For personal use only Early stage exploration projects in Guinea Kourouba JV ▪ 4km Au soil anomaly ▪ Extensive artisanal workings ▪ AC program just completed with encouraging results Niagassola ▪ Large untested Au soil anomaly ▪ Auger drilling underway Kouroussa ▪ Untested Au s
Slide 18: Strategic investments
Strategic investments For personal use only Well positioned to capitalise on exploration success 15% Value: Objective stake $15.5 million Establish a portfolio of investments in emerging gold explorers to provide potential for medium term growth 21% Value: opportunities stake $5.5 million 11% Value:
Slide 19: Portfolio updates
Portfolio updates For personal use only Bibiani Gold Mine Resolute completed the sale of the Bibiani Gold Mine to Asante Gold Corporation (Asante) for total cash consideration of $90 million ▪ $30m cash received ▪ $30m in six months from Completion ▪ $30m in twelve months from Completion Ravenswood
Slide 20: Sustainable mining
Sustainable mining For personal use only Working responsibly to create sustainable value in our host communities Environmental Stewardship ▪ Wildlife protection in the World Heritage Listed Niokola Koba National Park in Senegal ▪ Hybrid modular power station at Syama anticipated to reduce emissions
Slide 21: Outlook
Outlook For personal use only Capitalise on strong foundation and existing investments ▪ People, systems and processes ▪ Reliable delivery on production and costs ▪ Disciplined capital management to simplify balance sheet ▪ Unlock near mine exploration potential and value ▪ Committed to Responsible
Slide 22: Contact
For personal use only Contact Follow Us Stuart Gale | Chief Executive Officer EMAIL: contact@rml.com.au PHONE: +61 8 9261 6100 WEB | www.rml.com.au