Resolute Mining Limited · ASX:RSG
Resolute Mining — Investor Presentation (September 2026)
39 slides from Resolute Mining's investor presentation, Sep 1, 2026
Slide 1: Corporate Presentation September 2026
For personal use only Corporate Presentation September 2026
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
Slide 3: One of Africa's leading gold producers, well-positioned for transformative growth
One of Africa’s leading gold producers, well-positioned for transformative growth Investment highlights For personal use only 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 inc
Slide 4: Resolute snapshot
Strategic geographic footprint with robust growth Resolute snapshot For personal use only Market Cap c. US$2.1 billion Gold Production AISC H1 2026 105 koz Au $2,327/oz Production Development Net Cash EBITDA Construction Exploration $317 million $324 million Reserves (100% Basis) Resources (100% Bas
Slide 5: Resolute portfolio overview
Strong organic growth pipeline across multiple regions Resolute portfolio overview For personal use only Multiple Producing Assets Doropo First Gold in H2 2028 Diverse Growth Pipeline Syama Doropo Project2 ABC Project ▪ 75 koz Au Post-tax NPV5 ▪ US$2,543 million Total Resources3 ▪ 3.0Moz Au at 0.7 g
Slide 6: Growing annual gold production to over 500koz by end of 2028
Growing annual gold production to over 500koz by end of 2028 Pathway to 500+ koz p.a. within four years1 For personal use only Achieved Guidance2 Target Growth opportunities 277 koz 250-275 250-275 beyond 2030: Targeting >500koz p.a. with koz koz ✓ ABC Project Doropo in production ABC Feas. Studies
Slide 7: Corporate Snapshot
Resolute Mining Corporate Snapshot For personal use only Public Market Overview Share Price Performance Resolute Capitalisation Share Price (A$) Gold Price (US$/oz) (Indexed) Annotations USD AUD (25-Aug-26) Strategic partnership in Guinea $1.80 signed Doropo DFS update Share price ($) 0.99 1.38 $1.6
Slide 8: Corporate Snapshot (Cont'd)
Resolute Mining Corporate Snapshot (Cont’d) Shareholder by Geography1 Broker Coverage For personal use only 0.9% Risked Asset Basis Average Average 31.4% 31.4% Target Average Average Average Group Doropo Broker Rating Price Syama NPV Mako NPV ABC NPV Exploration NPV (A$/sh.)2 (US$m)3 (US$m)4 (US$m)6
Slide 9: Resolute Versus Select Gold Peers
Transforming Resolute into a leading West African gold producer Resolute Versus Select Gold Peers For personal use only P / NAV (x) EV / Reserve (US$/oz Au)1 EV / Resource (US$/oz Au)1 Endeavour 1.1x B2Gold $3,343 Montage $1,129 Montage 1.1x Montage $1,687 B2Gold $1,033 Perseus 0.9x Fortuna $1,129 F
Slide 10: Highly experienced Management and Board
Highly experienced Management and Board Board and Executive Management Team For personal use only Board of Directors Executive Management Team Andrew Wray Chris Eger Gavin Harris Non-Executive Chairman CEO and Managing Director Chief Operating Officer ▪ Chairman since September 2024 ▪ Appointed CEO
Slide 11: Côte d'Ivoire
For personal use only Côte d’Ivoire
Slide 12: Côte d'Ivoire Overview
Côte d’Ivoire Côte d’Ivoire For personal use only Overview • Three high-quality organic projects: • Doropo Project: First gold anticipated in H2 2028 • ABC Project: Recent expanded Inferred MRE of over 3.0 Moz Au at 0.7 g/t Au • La Debo Project: Hosts a large-scale resource with high exploration suc
Slide 13: Doropo Project: Resolute's next major mine
Resolute’s next major mine Doropo Project Project R&R For personal use only o Acquired in May 2025 from AngloGold Ashanti Tonnes Grade Contained o Expected to be Resolute’s next major Gold Mine and first in (Mt) (g/t Au) Au (Moz) Côte d’Ivoire Reserves 59 1.3 2.5 o Resolute has progressed from FID
Slide 14: Construction activities ramped up through Q2
Construction activities ramped up through Q2 Doropo Construction For personal use only o No LTIs since start of construction o EPCM contractor (Lycopodium) demonstrated ability to bring West Africa gold projects into production on schedule o Key Activities: o H1 2026 capex incurred of US$41m with ~6
Slide 15: Doropo – Process Plant Site
Doropo – Process Plant Site For personal use only 15
Slide 16: Doropo Planned Work
Doropo Planned Work Planned activities for remainder of 2026: For personal use only o Complete and upgrade key site access and accommodation infrastructure o Progress critical water infrastructure (water boreholes, WHD and WSD) o Commence civil and concrete works (CIL ring beam, mill and crushing ar
Slide 17: Doropo Opportunities
Significant potential on the Mining Permit Doropo Opportunities For personal use only 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 publi
Slide 18: Doropo - Kilosegui Exploration
Significant potential on the Mining Permit Doropo - Kilosegui Exploration For personal use only Overview • Current Kilosegui ore reserves of 22 Mt at 1.22 g/t for 856 koz Au and Mineral Resources of 40Mt at 1.1g/t for 1.39Moz Au (at US$3,000/oz optimised pit shell) • Strip ratio of 4.4:1 (waste:ore)
Slide 19: ABC Project
Potential to become Resolute’s fourth mine ABC Project For personal use only 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 202
Slide 20: ABC Project - MRE Update
ABC Project - MRE Update Expanded MRE in July 2026 For personal use only 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 dr
Slide 21: ABC Project – Next Steps
ABC Project – Next Steps o Progress feasibility studies and mining application For personal use only by end of 2027 o Work programme over next 12 to 18 months: infill drilling, technical studies, environmental and social baseline work, metallurgical test work and site infrastructure upgrades o 80,00
Slide 22: Mali
For personal use only Mali 22
Slide 23: Syama Overview
Syama Overview For personal use only Ownership 2025 80% RSG 3.9 Mt processed 20% Mali at 1.74 g/t for 176.3 koz Au Mining Processing Sub-level cave 4.0 Mtpa plant owner-operated Ability to process Open-pit contract oxide (CIL) and mining sulphide (float, roast and CIL) Reserves & Resources1 Tonnes G
Slide 24: Syama Production Overview
Navigating a difficult operating environment in Mali Syama Production Overview For personal use only Key Metrics Key Events H1 2026 H1 2025 FY2025 Sulphide • $160 million settlement with the Government of Ore Mined t 1,254,201 960,023 2,205,298 Mali in Q4 2024 Mining Mined Grade g/t 2.09 2.45 2.30 O
Slide 25: Syama Sulphide Conversion Project
Commissioning and ramp up expected in H2 Syama Sulphide Conversion Project For personal use only ▪ Modifies the oxide comminution circuit and upgrades the roaster, creating a second route for sulphide ore ▪ Key for Syama’s transition from an oxide-supported asset to a larger, long-life sulphide oper
Slide 26: Senegal
For personal use only Senegal
Slide 27: Mako Overview
Mako Overview For personal use only Ownership 2025 90% RSG 2.3 Mt processed 10% Senegal at 1.49 g/t for 100.9 koz Au Processing Reserves1 2.1 Mtpa CIL Mako Stockpiles plant of 118 koz at 0.9 g/t Au Open pit mining activities ceased in June 2025 and currently stockpile processing until end of 2027
Slide 28: Mako Life Extension Project (MLEP)
Mako Life Extension Project (MLEP) • MLEP development is staged to minimise disruption to mill feed, For personal use only 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
Slide 29: Guinea
For personal use only Guinea
Slide 30: Guinea Exploration
Exploration in a fourth jurisdiction Guinea Exploration For personal use only Recent activities • Advanced early-stage exploration through fieldwork at Barana, alongside continued review of broader growth opportunities • Secured early-stage exploration exposure through a reconnaissance authorisation
Slide 31: Financial Summary
For personal use only Financial Summary 31
Slide 32: Financial Highlights – H1 2026
Robust balance sheet for organic growth projects Financial Highlights – H1 2026 For personal use only Credit Facilities $585 million $226 million 1 • Targeting $260 million of credit facilities Revenue Net Operating Cashflow • Secured $155.0 million of credit facilities from Bank of Africa, AFG, NSI
Slide 33: Conclusion
For personal use only Conclusion 33
Slide 34: Strong organic growth pipeline: Next steps
Strong organic growth pipeline Next steps For personal use only Achieved 2026 Remaining 2027 2028 ✓ Doropo mining permit • Continue Doropo construction • Continue Doropo construction Côte ✓ Doropo construction • Doropo commissioning and Côte • Doropo exploration activities • Follow up studies at ABC
Slide 35: Resolute Summary
Resolute Summary ➢ Well-capitalised to fund Doropo construction under For personal use only current market and regulatory conditions ➢ Advancing a robust organic growth pipeline across asset portfolio ➢ Strong balance sheet with net cash position of $317 million ➢ Strategically expanding geographic
Slide 36: www.rml.com.au
36 For personal use only www.rml.com.au
Slide 37: Appendix
For personal use only Appendix 37
Slide 38: Select Peer P/NAV
Appendix Select Peer P/NAV1 For personal use only Company Ticker Code Share Price NAVPS P / NAV US$/share US$/share X West African WAF $2.72 $4.29 0.6x Perseus PRU $4.39 $4.77 0.9x PDI Gold PDI $3.20 $5.23 0.6x Orezone ORE $2.16 $4.79 0.5x Montage MAU $14.99 $14.20 1.1x Fortuna FVI $12.43 $15.24 0.8
Slide 39: Peer EV, reserve and resource benchmarking
Appendix Peer EV, reserve and resource benchmarking For personal use only Ticker Market Net Enterprise Minerals Ore EV / EV / Company Source Date Code Capitalisation Debt Value1 Resources2 Reserves2 Resources Reserves US$m US$m US$m Moz Au Moz Au US$/oz US$/oz West African WAF $4,346 ($1,303) $3,043
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