Slide 1: Corporate Presentation May 2022 – Cape Town
For personal use only Corporate Presentation May 2022 – Cape Town 1
Slide 2: For personal use only
This presentation contains information about Resolute Mining Before making any investment decision in connection with any Announcements and confirms that all material assumptions and Limited (Resolute or the Company) and its activities that is acquisition of Resolute securities, prospective investor
Slide 3: Our Purpose and Values
.., OUR PURPOSE We are a trusted and responsible gold miner, driven by excellence to create value for shareholders and the communities in which we operate. For personal use onl a OUR VALUES Respect We respect each other and the countries and communities in which we operate Accountability We own our
Slide 4: Board & Management Team
Board & Management Team For personal use only Renewed team with significant gold mining and Africa operations experience Marthinus Mark Potts Terry Holohan Bruce Mowat (Martin) Botha Non-Executive Director Chief Executive Officer Executive General Manager Non-Executive Chairman Exploration Sabina Sh
Slide 5: Syama Gold Mine: Mali
Syama Gold Mine: Mali For personal use only Long-life asset with extensive landholdings in a highly prospective gold region Mineral Resources: 8.7Moz Ore Reserves: 3.4Moz CY21 Sulphide CY21 Oxide • 135,618oz at AISC: $1,406/oz • 57,036oz at AISC $1,501/oz • Gold Recovery 78.0% • Gold Recovery 87.3%
Slide 6: Mako Gold Mine: Senegal
Mako Gold Mine: Senegal For personal use only Conventional mining and processing open pit gold mine Mineral Resources: 826koz Ore Reserves: 661koz CY21 Production • 126,617oz produced at an AISC of $1,139/oz • Gold Recovery at 92.2% Plant Capacity • 2.1Mtpa CY22 Planned Production • 125,000oz at AIS
Slide 7: Q1 2022 Highlights
Q1 2022 Highlights For personal use only Improving operational and financial performance • Q1 2022 Total Recordable Injury Frequency Rate at (TRIFR) of 0.98 (Q4 2021: 1.25) • Successful and safe completion of the planned Syama sulphide plant shutdown, resulting in improved throughput post completion
Slide 8: Sustainability
Sustainability For personal use only • ~2,000 employees double COVID vaccinated • Community investment in health, education and infrastructure • National workforce 93% direct and contract • Critical Hazard Management Standards implemented • Training in high risk systems of work escalated • Support o
Slide 9: 2022 Q1 Performance
2022 Q1 Performance For personal use only Total Gold Production All-In Sustaining Cost 81,770oz 1,383/oz Total Gold Sold Average Price Received 88,773oz $1,846/oz 9
Slide 10: Multi asset production base
Multi asset Multi asset production base production base For personal use only 90,000 1,600 Q1 CY22 reflects: 80,000 1,400 • Successful completion of 70,000 1,200 39-day Syama Sulphide 34,076 33,575 30,563 29,035 circuit shutdown 60,000 1,000 AISC $/oz Ounces 50,000 • Syama Sulphide production 800 ma
Slide 11: Cash Flow Analysis
Cash Flow Analysis For personal use only 11 Operating Cash flows of $39.1m for this quarter include $5.7m of royalties, $9.3m of VAT and taxes, $3.7m of working capital and movements in Bullion
Slide 12: Tabakoroni Resource update
Tabakoroni For personal use only Resource update 40% increase in Global Measured and Indicated Mineral Resource Estimate • Global Measured and Indicated Mineral Resource Estimate updated to 9.2 million tonnes at 4.4 g/t for 1.3 million ounces of gold a 40% increase over the previous estimate • Ore R
Slide 13: Syama North update
Syama North For personal use only update Positive results - potential for oxide life extension • Extensive drilling throughout 2021 targeting oxide mineralisation adjacent to historic open pits • Drilling programs were successful leading to the recommencement of open pit oxide mining at Beta South,
Slide 14: Senegal near mine exploration focus
Senegal For personal use only Near mine exploration focus to support the capital investment in the operation Mako • Several near-mine targets on Mine Lease • Mako NW target, soil anomaly parallel to Mako mine Laminia JV • Recently signed JV on Laminia permit located 15km from Mako • Outcropping gold
Slide 15: Corporate Activities: Balance sheet flexibility
Corporate Activities For personal use only Balance sheet flexibility Bibiani Gold Mine Ravenswood Gold Mine1 Resolute completed the sale of the Bibiani Gold Mine • A$50 million 6% promissory note payable by 2027 to Asante Gold Corporation (Asante) for total cash • A$50 million promissory note contin
Slide 16: 2022 Outlook
For personal use only 2022 Outlook Capitalise on strong foundations and existing investments 16
Slide 17: 2022 Guidance
2022 Guidance For personal use only 2022 Production and AISC Guidance for 12 months to 31 December Gold Production (oz) AISC ($/oz) Syama Sulphide 145,000 1,345 Syama Oxide 75,000 1,430 Mako 125,000 1,325 Group (inclusive of Group overheads) 345,000 1,425 2022 Capex Guidance • Sustaining capex inclu
Slide 18: 2022 Focus
2022 Focus For personal use only • Reliable delivery on safety, production and costs • Successful completion of key projects: ‒ Syama Sulphide capitalise on the success of Sulphide circuit shutdown ‒ Transition to a planned maintenance regime • Strengthen balance sheet • Near mine exploration to ext
Slide 19: Resolute
Resolute Ajuo asn feuosied 10)