Slide 1: 2022 Denver Gold Forum Presentation
For personal use only 2022 Denver Gold Forum Presentation Terry Holohan – Managing Director and CEO 19 September 2022 www.rml.com.au ASX/LSE - RSG 1
Slide 2: Disclaimer
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: Capital Structure - (ASX / LSE : RSG)
Capital Structure - (ASX / LSE : RSG) For personal use only A$ US$ Aggregated shareholder base as at 31 August 2022 1 ICM Limited 10.7% ASX Share price per share¹ 0.265 0.18 2 Baker Steel Capital Managers LLP 6.4% Shares outstanding 1,104m 1,104m 3 Vanguard Group Holdings 4.3% Market capitalisation
Slide 4: Board of Directors
Board of Directors For personal use only Investment banker with extensive Working as an executive and in Marthinus experience as a non-executive Terry Holohan technical mining positions with 30 Managing Director & (Martin) Botha director in the metals and mining Chief Executive Officer years working
Slide 5: Management Team
Management Team For personal use only Corporate lawyer, with Chartered Accountant, with 35 years experience in experience at international law almost 30 years experience operations management, firms in the general energy and leading the financial, strategic engineering design, projects, natural reso
Slide 6: Sustainability initiatives
Sustainability initiatives For personal use only • Total Recordable Injury Frequency Rate reduced from 1.24 to 0.89 over last 12 months • Updates to environmental approvals support future growth initiatives at Syama • ISO:45001 and ISO:14001 certification planned for Q4 2022 • Local contracts awarde
Slide 7: Conservation - Niokolo-Koba National Park, Senegal
Conservation - Niokolo-Koba National Park, Senegal For personal use only Growth trends observed for critically endangered wildlife in >1 Mha UNESCO park o Lion o Leopard o Chimpanzee o Elephant 7
Slide 8: WGC - Responsible Gold Mining Principles
WGC - Responsible Gold Mining Principles For personal use only 2022 Progress against the 10 Responsible Gold Mining Principles 100 90 80 70 60 50 40 30 20 10 - Ethical Understanding Supply Safety & Human Rights Labour Working Environmental Biodiversity, Water, Energy Aggregate Conduct our Impacts Ch
Slide 9: Syama Gold Mine: Mali
Syama Gold Mine: Mali For personal use only Long-life asset over 85km of strike in a highly prospective gold region Mineral Resources 8.7 Moz Ore Reserves 3.4 Moz Oxide Plant Capacity 1.5 Mtpa Sulphide Plant Capacity 2.4 Mtpa1 CY22 Target Production 220 koz (CY21 193 koz) 1. Re-rated from 2.1 Mtpa p
Slide 10: Mako Gold Mine: Senegal
Mako Gold Mine: Senegal For personal use only Conventional open pit mining and processing operations with near mine potential Mineral Resources 826 koz Ore Reserves 661 koz Plant Capacity 2.1 Mtpa CY22 Target Production 125 koz (CY21 127 koz) 10
Slide 11: Systematic Production Improvements
Multi asset Systematic Production Improvements production base For personal use only 90,000 1,600 Q2 2022 reflects: 80,000 1,400 33,649 70,000 • 40% increase in Syama Sulphide 33,575 1,200 29,035 34,076 production following the plant 60,000 1,000 shutdown in Q1 2022 AISC $/oz Ounces 50,000 12,726 80
Slide 12: Financial Performance
Financial Performance $318m $78m For personal use only H1 2022 Revenue EBITDA $61m $4m Operating cash flow Underlying profit after tax* $82m $183m Cash and bullion Net debt 12 *Reported net loss after tax of $24m after adjusting for abnormal items
Slide 13: Corporate Activities
Corporate Activities For personal use only Bibiani Gold Mine Ravenswood Gold Mine1 Final tranche of $30m (plus $2.7m in respect of an environmental bond) • A$50m 6% promissory note payable by 2027 • $10m on 19 September 2022; • A$50m promissory note contingent on gold price and production by March 2
Slide 14: 2022 Guidance
2022 Guidance For personal use only Production and AISC • Maintained at 345,000oz at an AISC of $1,425/oz 2022 Capex • Sustaining capex included in AISC: $63m o $33m capitalised stripping costs (Mako: $22m; Syama: $12m) o $16m in tailings storage and several minor sustaining capex projects • Non-sus
Slide 15: Exploration - Mako
Exploration - Mako Near mine exploration focus to support For personal use only 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 • Outcr
Slide 16: Exploration - Syama
Exploration - Syama Syama Greenstone Belt For personal use only Resolute controls the entire 85km strike length of the Syama Greenstone Belt o Highly endowed gold belt with total Mineral Resources of 8.7 Moz¹ o Ore Reserves of 3.4 Moz o 3 Moz production to date since 1990’s o Very well-known geology
Slide 17: Exploration - Syama North
Exploration - Syama North 20Mt @ 3.1g/t Au for 2 Moz (surface to 150m) For personal use only A21 Pit Quartz Vein Hill Pit 1201800N 1200850N 17
Slide 18: Exploration - Syama North
Exploration - Syama North For personal use only Latest Mineral Resource a 40% increase • Updated Mineral Resource Estimate for Syama North increases to 2 Moz at a cut-off grade of 1 g/t Au Cross Section at 1201800N showing drillholes and results • Recent results over 3 km of strike represent some of
Slide 19: Contact
For personal use only Contact James Virgo GM – Finance and IR www.rml.com.au Email: contact@rml.com.au Phone: +61 8 9261 6100 19