Slide 1: Q3 2024 Activities Report
29 October 2024 Q3 2024 Activities Report ASX/LSE - RSG 1
Slide 2: Disclaimer
This presentation contains information about Resolute Mining This presentation includes certain forward-looking statements, ‘Maiden Mineral Resource at Tomboronkoto’ announced on 24 Limited (Resolute or the Company) and its activities that is including statements regarding our intent, belief or curr
Slide 3: Resolute Overview
Resolute Overview Multi-asset gold producer with near-term organic growth potential Two producing gold mines, the Syama Gold Mine in Mali and the Mako Resources Production Gold Mine in Senegal 11.2Moz 345-365koz Exploration portfolio in four countries (Global) (2024 Guidance) Listed on ASX and
Slide 4: Q3 2024 Highlights
Q3 2024 Highlights Net cash increased by approximately $50 million during the quarter Operations AISC Cash Flow Gold production of 85,043 oz, 6% lower Group AISC1 of $1,452/oz a 4% increase from Q3 operating cash flow of $61m (Q2: $75m) QoQ, due to impacts of rains in Senegal prior Quarter due to sl
Slide 5: Production and AISC Planned Trajectory
Production and AISC Planned Trajectory AISC expected to continue to decrease across all operations Production Growth Focus: Mako Syama Guinea Areas for Organic Near-term: Syama Phase I Oxide Plant Production Growth Conversion & Mako mine life extension 700 2000 Medium to long-term: Syama Phase I
Slide 6: Operational Overview
Operational Overview 6
Slide 7: Syama Operational Highlights
Syama Operational Highlights Sulphide operations stable, oxide operations impacted by rainy season Sulphide Operation September June September Summary Units 2024 2024 Change 2023 Q3 mined tonnage and grades were as expected due to the rainy season. Mined Quarter Quarter Quarter tonnage and grade e
Slide 8: Syama Sulphide Conversion Project
Syama Sulphide Conversion Project Construction continues on track SSCP has an LTI-free status with approximately 255,000 person-hours worked until the end of September 2024 Ball mill and flotation area Detailed engineering for all Crushing and stockpile area disciplines as well as the manufactur
Slide 9: Heavy Rainfall at Mako
Heavy Rainfall at Mako Mako Mine experienced its wettest month since the mine started in 2017 In September mining was restricted due to pit flooding of the main mining area with four weeks of ore mining being lost Rainfall in September 2024 was 569mm (versus 430mm in September 2023 and an averag
Slide 10: Mako Operational Highlights
Mako Operational Highlights Strong end to the year expected Operational Highlights September June September Summary Units 2024 2024 Change 2023 Whilst ore mined was anticipated to be lower than Q2 due to the rainy season it was Quarter Quarter Quarter impacted negatively throughout September as fo
Slide 11: Group Exploration Update
Group Exploration Update Updated Mineral Resource at Tomboronkoto and Initial Mineral Resource at Mansala Total exploration expenditure in Q3 was $6.3 million Total exploration expenditure of $16.1m during first nine months of 2024; full year expenditure expected to be $20 million (vs $16-18 mil
Slide 12: Ivory Coast JV
Ivory Coast JV New JV signed over the La Debo Project in the Ivory Coast The La Debo project is located in southwestern Ivory Coast, approximately 280 km west of Abidjan. Signed a JV agreement with JOFEMA Holdings Limited, a local Extensive soil sampling Ivorian company, for the La Debo project
Slide 13: Financials
Financials 13
Slide 14: Financial Results
Financial Results Strong operational cash flows continue Quarterly Production and AISC Q3 Financial Highlights Ounces AISC $/oz Quarterly gold sales of 95,242oz (vs 88,321oz in Q2 2024) at an 100,000 1,600 average sales price of $2,493/oz (vs $2,342/oz in Q1 2024) with 90,787 all gold sales unhedg
Slide 15: Financial Highlights
Financial Highlights Strong financial performance with over $250 million of available liquidity Operating cash flow of $188m in the first nine months of 2024 vs Cash Flow Waterfall (9M 2024) $105m in 2023 300 188.4 Capital expenditure during first nine-months of $71.0m; exploration 250 expenditu
Slide 16: www.rml.com.au
Resolute www.rmi.com.au