Slide 1: Presentation at African Mining Indaba
For personal use only Mine Gold. Create Value. Presentation at African Mining Indaba Cape Town, February 2018
Slide 2: Important Notices and Disclaimers
Important Notices and Disclaimers For personal use only Not an offer of securities This presentation contains a summary of information about Resolute and its activities that is current as at the date of this presentation unless otherwise stated. The information in this presentation is general in nat
Slide 3: Important Notices and Disclaimers: Competent Person Statement
Important Notices and Disclaimers For personal use only Competent Person Statement The information in this presentation that relates to the Exploration Results, Mineral Resources and Ore Reserves is based on information compiled by Mr Andrew Goode who is a member of the Australasian Institute of Min
Slide 4: Corporate Summary
Corporate Summary (ASX:RSG) For personal use only Shares on issue 741,477,595 Share Price 1.2 Share Price A$1.17 as at 31 Jan 2018 1.15 Market Capitalisation A$868M (US$701M) $AUD 1.1 Average daily volume 4.0M Shares 1.05 Cash, bullion, investments A$196M (US$158M) at 31 Jan 2018 1 Debt A$35M (US$28
Slide 5: Mine Gold. Create Value.
For personal use only Mine Gold. Create Value. 5
Slide 6: Mine Gold. FY17
Mine Gold. For personal use only FY17 329,834oz Total Gold Production A$1,132/oz All-In Sustaining Cost (AISC) 317,242oz A$1,717/oz Total Gold Sold Average Price Received (A$/oz) 6
Slide 7: Create Value. FY17
Create Value. For personal use only FY17 A$541M A$177M Revenue from gold and silver sales Gross profit from operations A$166M Net Profit after tax $A290M Cash, Bullion & Listed Investments 7
Slide 8: FY17 financial highlights
Create Value. For personal use only FY17 49% Return on Equity 18.6 c $A136M Diluted earnings per share Net financing cash inflow A$186M Net operating cash inflow $A128M Net investing cash outflow 8
Slide 9: Three years running… Track record of strong operating performance
Three years running… Track record of strong operating performance For personal use only FY15 FY16 FY17 Original Guidance 315koz 300koz 300koz Production Actual 329koz 315koz 330koz (oz) Achieved ✔ ✔ ✔ Original Guidance A$1,280/oz A$1,280/oz A$1,280/oz AISC Actual A$1,094/oz A$1,200/oz A$1,132/oz (A$
Slide 10: FY18 YTD Highlights
FY18 YTD Highlights On track to deliver key development projects For personal use only FY18 YTD FY18 Production Balance Sheet Performance Guidance YTD total gold FY18 total gold Total Cash, bullion 142,749oz production 300,000oz production A$196m and investments All-In Sustaining Cost All-In Sustain
Slide 11: Resolute's value proposition
Resolute’s value proposition: For personal use only 1.Long life mines 2.Operational expertise 3.Extensive exploration tenure in proven African belts 11
Slide 12: Long life, large scale assets
Long life, large scale assets Three assets across West Africa and Australia For personal use only Syama Gold Ravenswood Bibiani Gold Mine Gold Mine Mine Mali, West Africa Queensland, Australia Ghana, West Africa Resolute has a successful A successful operating history Resolute acquired the Bibiani G
Slide 13: 8Moz over years' continuous gold production and counting
8Moz over 25 years’ continuous gold production and counting… For personal use only 12,000,000 10,000,000 8,000,000 Experience ounces 6,000,000 Expertise Syama Ravenswood 4,000,000 Golden Pride Obotan Bullabulling 2,000,000 Chalice Marymia Southern Cross Higginsville - 1990 1991 1992 1993 1994 1995 1
Slide 14: Syama Gold Mine Operation Highlights
Syama Gold Mine For personal use only Operation Highlights FY17 Operating Performance Ore Mined Ore Milled Head Grade Recovery Total Production AISC (t) (t) (g/t) (%) (Gold oz) A$/oz Syama Sulphide 1,215,153 2,106,371 2.59 69.8 136,000 1,001 Syama Oxide 1,319,596 1,340,097 2.84 83.2 101,830 960 Syam
Slide 15: Syama Gold Mine Overview
Syama Gold Mine 7.5Moz Total For personal use only Overview Resource* 2.9Moz Total Reserve Production Rate Sulphide Oxide 12 Year Underground Mine Life 2.4Mtpa 1.5Mtpa (170kozpa) (70kozpa) US$881/oz LOM AISC - Underground * Includes upgraded Syama U/G resource – see ASX Ann. 23 October 2017 15
Slide 16: Syama U/G
Syama U/G A world class sub-level cave gold mine in the making For personal use only • Controlled, high-productivity ore delivery • Highly mechanised / amenable to automation • Low up-front capex • Early access to ore without leaving a crown pillar below the open pit • A flexible method with ability
Slide 17: Rapid Underground Development
Rapid Underground Development Syama Underground ahead of schedule For personal use only Syama Underground - Total Underground Development 900 18000 Cumulative Development (m) Total Development (m) 800 16000 700 14000 600 12000 500 10000 400 8000 300 6000 200 4000 100 2000 0 0 Total Underground Devel
Slide 18: A major gold discovery at Syama
A major gold discovery at Syama Exciting new discovery at Nafolo For personal use only • Adjacent to 8Moz Syama deposit • Potential to transform Syama operation • Untested to the south and at depth • All drillholes to date have intersected gold mineralisation • Remains open in all directions 18
Slide 19: A world class opportunity
A world class opportunity 10Moz and counting, 80km of strike untested below ~200m For personal use only • Resolute controls an 80km strike length of the 10Moz Syama shear zone • Majority of exploration to date has been focused on shallow oxide open pit orebodies • Significant exploration upside belo
Slide 20: Ravenswood Gold Mine Operation Highlights
Ravenswood Gold Mine For personal use only Operation Highlights FY17 Operating Performance Ore Mined Ore Milled Head Grade Recovery Total Production AISC (t) (t) (g/t) (%) (Gold oz) A$/oz FY17 Actual 2,366,159 1,995,293 1.54 93.1 92,004 1,406 FY18 Production Guidance Gold Production AISC AISC (oz) (
Slide 21: Ravenswood Gold Mine Overview
Ravenswood Gold Mine For personal use only Overview 4.3Moz Total Resource Production 1.8Moz Total Reserve Rate Post 2020 +130kozpa 13 Year Mine Life 2.8Mtpa Process Capacity - Current 5.0Mtpa Nameplate Capacity A$1,166/oz LOM AISC 21
Slide 22: Bibiani Gold Mine Overview
Bibiani Gold Mine For personal use only Overview Mining Rate 2.5Moz Total Resource* 1.2Mtpa 0.6Moz Total Reserve LOM >100koz Proposed Annual Production US$858/oz AISC US$72M Pre-production capex 5 Year 9 months Initial Mine Life Timeline to production * Includes upgraded Bibiani resource – see ASX A
Slide 23: Exploration for growth
Exploration for growth Exploring to expand the business, not stay in business For personal use only A$M Exploration Expenditure $40 Egypt $35 Mali Burkina Faso $30 Democratic Republic $25 of the Congo Côte d’Ivoire $20 $15 Tanzania Ghana $10 $5 $0 FY15 FY16 FY17 FY18 23
Slide 24: Invest in Resolute
Invest in Resolute Transformation enables bold ambition For personal use only Resolute has mined more than 8 million ounces from 9 gold mines in Australia and Africa Operating expertise, build experience, and success in development Strongest balance sheet position in the Company’s history Large and
Slide 25: Mine Gold. Create Value.
Mine Gold. Create Value. For personal use only Scale Longevity Value 12yrs@ Syama P/NAV 5.3 Moz Reserves 13yrs @ Ravenswood 0.6 x Balance sheet Track Record Growth Nafolo ~A$200M 28yrs 8Moz Cash, Bullion & Listed Investments producing & counting Bibiani Tabakaroni 25
Slide 26: Appendix 1: Mineral Resources Statement 2017
Appendix 1: Mineral Resources Statement 2017 For personal use only Group MEASURED INDICATED INFERRED TOTAL MINERAL RESOURCES 1 share kt g/t koz kt g/t koz kt g/t koz kt g/t koz koz Ravenswood (Australia) 100% Sarsfield (insitu) 2 45,522 0.8 1,168 38,497 0.7 882 22,079 0.7 518 106,098 0.8 2,568 2,568
Slide 27: Appendix 2: Ore Reserves Statement 2017
Appendix 2: Ore Reserves Statement 2017 For personal use only PROVED PROBABLE TOTAL Group share ORE RESERVES kt g/t koz kt g/t koz kt g/t koz koz Ravenswood (Australia) 100% Sarsfield (insitu) 2 28,450 0.8 747 18,640 0.7 423 47,090 0.8 1,170 1,170 Nolans East 1,543 0.8 37 612 0.7 14 2,155 0.7 51 51
Slide 28: Resolute: Africa's miner of the future
Resolute: Africa’s miner of the future For personal use only ASX:RSG | www.rml.com.au