Slide 1: Mine Gold. Create Value. 2020 Annual General Meeting
For personal use only Mine Gold. Create Value. 2020 Annual General Meeting Corporate Presentation | 21 May 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$1.3Bn £678m | US$830m AISC Note: Market capitalisation as at 20 May 2020. Mineral Resources and Ore Reserves ar
Slide 4: Resolute's COVID-19 Response
Resolute’s COVID-19 Response For personal use only • The health and safety of our people is a Resolute priority • Comprehensive companywide response to the Covid-19 pandemic has been implemented • Keeping our mines running is important for employees, local communities, national economies • Resolute
Slide 5: Commitment to Sustainability
Commitment to Sustainability For personal use only 2.09 ZERO Total Recordable Injury Lost Time Injuries Frequency Rate at Mako ZERO Major Environmental Proactive Incidents or Approach to Tailings Regulatory Non- Dam Management Compliance $814m 90% Total Economic National Value Distributed Employment
Slide 6: Responsible Gold Mining
Responsible Gold Mining For personal use only Resolute is committed to the World Gold Council’s Responsible Gold Mining Principles Resolute’s Sustainability Performance Framework includes a set of principles and commitments aligned with the Responsible Gold Mining Principles Photo: Revegetation acti
Slide 7: 2019 Year in Review
2019 Year in Review For personal use only Improved safety performance; TRIFR down to 2.09 at 31 December 2019 (from 2.77 at 30 June 2019) Value accretive acquisition of Toro Gold adds high quality Mako Gold Mine to portfolio Syama Underground Mine fully commissioned and Syama roaster returned to ful
Slide 8: Operational Performance
Operational Performance For personal use only 384,731oz US$1,090/oz Total Gold Production All-In Sustaining Cost (A$1,577/oz) 394,920oz Total Gold Sold US$1,344/oz Ave Price Received (A$1,933/oz) 7
Slide 9: 2019 Production of 384,731oz
2019 Production of 384,731oz For personal use only Multi-Asset Production Base 208,494oz 176,237oz 25,929oz 87,188oz 141,437oz 129,199oz 46,760oz 35,890oz 28,557oz 150,307oz 94,677oz 93,309oz 92,749oz H1 18 H2 18 H1 19 H2 19 Note: H1 is the six month period to 30 June and H2 is the six month period
Slide 10: Financial Performance
Financial Performance For personal use only A$770m A$149m Revenue Operating Cash Flow A$208m A$21m Underlying EBITDA Underlying Net Profit After Tax A$132m A$113m EBITDA Net Loss After Tax Note: Refer to page 10 and the notes contained in the 2019 Annual Report for further details. All numbers are f
Slide 11: 2019 All-In Sustaining Cost of US$1,090/oz
2019 All-In Sustaining Cost of US$1,090/oz For personal use only All-In Sustaining Cost by Asset (US$/oz) (1) 1,843 1,482 1,341 1,242 1,070 933 901 682 687 H1 18 H1 18 H2 18 H2 18 H1 19 H1 19 H219 H2 19 Syama Ravenswood Mako Note: H1 is the six month period to 30 June and H2 is the six month period
Slide 12: Group Earnings Profile
Group Earnings Profile For personal use only Revenue (A$m) EBITDA (A$m) EBITDA Margin 446 12% 10% 24% 12% 324 78 243 223 54 29 22 H1 18 H2 18 H1 19 H2 19 H1 18 H2 18 H1 19 H2 19 Increased revenue in H2 19 driven by increased production following the The erosion in EBITDA H2 19 relative to H1 19 was
Slide 13: Cash Flow Analysis
Cash Flow Analysis For personal use only Cash Flow (A$m) 229 (205) 158 (191) 26 151 125 97 (2) 39 Cash Operating Net Borrowings Capital Expenditure Toro Cash Toro Acquired Cash Other Cash Bullion Cash and Bullion 31 Dec 2018 Cash Flow Consideration 31 Dec 2019 31 Dec 2019 31 Dec 2019 Note: Refer to
Slide 14: 2020 Update and Outlook
2020 Update and Outlook For personal use only 13
Slide 15: 2020 Update
2020 Update For personal use only Production Portfolio March 2020 Quarter: 110,763oz at an AISC of US$1,007/oz Comprehensive companywide response implemented Development Balance Sheet Tabakoroni Underground PFS underway Debt refinancing and equity raising completed Exploration Guidance Positive dril
Slide 16: Syama Gold Mine: Mali
Syama Gold Mine: Mali For personal use only 2020 Guidance: 260,000oz at an AISC of US$960/oz 2020 Focus Areas Improved recoveries from sulphide processing circuit; +80% delivered Syama Underground Mine operating at full capacity Continuing high margin oxide operations Define mine plan for future Tab
Slide 17: Syama Oxide Exploration
Syama Oxide Exploration For personal use only Near surface drilling programs at satellites are returning significant high-grade oxide gold intersections Tabakoroni area drillhole locations on geology and satellite imagery Photo: Exploration Drilling at Tabakoroni 16
Slide 18: Tabakoroni Underground Mine
Tabakoroni Underground Mine For personal use only Pre-Feasibility Study Commenced • Pre-Feasibility Study (PFS) initiated in the March 2020 Quarter following positive outcomes from internal Concept Study completed in 2019 • The PFS is investigating various underground mining methods and rates and wi
Slide 19: Syama Power Upgrade Project
Syama Power Upgrade Project For personal use only Construction of new solar hybrid modular power underway • Early works comprising mobilisation of the earthworks contractor, bulk earthworks and relocation of existing hire power units undertaken; detailed earthworks commenced • The new power station
Slide 20: Mako Gold Mine: Senegal
Mako Gold Mine: Senegal For personal use only 2020 Guidance: 160,000oz at an AISC of US$800/oz 2020 Focus Areas Maintain high productivity, strongly cash flow generative operations Optimise mine plan to support lower cost, longer life production 19
Slide 21: Resolute Portfolio
Resolute Portfolio For personal use only SALE COMPLETED 31 MARCH 2020 Syama Mako Bibiani Ravenswood Syama Complex comprises the Syama Mako is a high quality, low-cost Bibiani is a potential long life, high A$100 million of upfront proceeds Underground Mine, a world class, fully producing asset with
Slide 22: Corporate Summary
Corporate Summary (ASX / LSE : RSG) For personal use only Capitalisation A$ £ US$ ASX Price Performance $2.25 40 Share Price $1.15 £0.61 $0.75 Shares on Issue 1,103m $2.00 35 Market Capitalisation $1,268m £678m $830m $1.75 30 Top 10 Shareholders 2020 Guidance $1.50 25 Share Price A$ 1 ICM Limited 13
Slide 23: Contact
For personal use only Contact Follow Us John Welborn Managing Director & CEO EMAIL | contact@rml.com.au PHONE | +61 8 9261 6100 WEB | www.rml.com.au