Resolute Mining Limited · ASX:RSG
Resolute Mining — Gold Forum Americas 2026
28 slides from Resolute Mining's conference presentation, September 2026
Slide 1: Gold Forum Americas
Gold Forum Americas 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: Investment highlights
One of Africa’s leading gold producers, well-positioned for transformative growth Investment highlights 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 increase gold production
Slide 4: Resolute snapshot
Strategic geographic footprint with robust growth Resolute snapshot Market Cap c. US$1.9 billion Gold Production AISC H1 2026 105 koz Au $2,327/oz Production Development Net Cash EBITDA Construction Exploration $317 million $324 million Reserves (100% Basis) Resources (100% Basis) Gold Production Ca
Slide 5: Pathway to 500+ koz p.a. within four years
Growing annual gold production to over 500koz by end of 2028 Pathway to 500+ koz p.a. within four years1 Achieved Guidance2 Target Growth opportunities 277 koz 205-225 250-275 beyond 2030: Targeting >500koz p.a. with koz koz ABC Project Doropo in production ABC Feas. Studies La Debo Project work
Slide 6: Corporate Snapshot
Resolute Mining Corporate Snapshot Public Market Overview Share Price Performance Resolute Capitalisation Share Price (A$) Gold Price (US$/oz) (Indexed) USD AUD (21-Sep-26) Strategic partnership in Guinea $1.80 signed Share price ($) 0.88 1.24 Doropo DFS update $1.60 Ordinary Shares 2,137 $1.40 La D
Slide 7: Resolute Versus Select Gold Peers
Transforming Resolute into a leading West African gold producer Resolute Versus Select Gold Peers P / NAV (x) EV / Reserve (US$/oz Au)1 EV / Resource (US$/oz Au)1 Montage 1.0x Montage $1,693 Montage $1,134 Endeavour 1.0x Fortuna $1,080 Fortuna $740 Perseus 1.0x Endeavour $913 Endeavour $484 Fortuna
Slide 8: Corporate Snapshot (Cont'd)
Resolute Mining Corporate Snapshot (Cont’d) Shareholder by Geography1 Broker Coverage 0.9% Risked Asset Basis Average Average 31.4% 31.4% Target Average Average Average Group Doropo Broker Rating Price Syama NPV Mako NPV ABC NPV Exploration NPV (A$/sh.)2 (US$m)3 (US$m)4 (US$m)6 EV (US$m)5 (US$m)7 36
Slide 9: Côte d'Ivoire
Resolute’s Key Growth Jurisdiction Côte d’Ivoire Resolute has three high-quality organic projects: 1. Doropo Project - Under construction 2. ABC Project – Development 3. La Debo Project - Exploration Project Mineral Resources Doropo1 4.4 Moz @ 1.2 g/t Au ABC Project2 3.0 Moz @ 0.7 g/t Au La Debo3 0.
Slide 10: Doropo Project
Resolute’s next major mine Doropo Project o Construction remains on track and on budget o First gold anticipated in H2 2028 Tonnes Grade Contained (Mt) (g/t Au) Au (Moz) Reserves1 59 1.3 2.5 Resources2 114 1.2 4.4 Foundations for Construction Camp Area Project Metrics3 @ US$4,000/oz Post-tax NPV5% U
Slide 11: Doropo Construction
Construction activities ramped up through Q2 Doropo Construction 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 ~60% of development Proc
Slide 12: Doropo – Process Plant Site
Doropo – Process Plant Site 12
Slide 13: Doropo Planned Work
Doropo Planned Work Planned activities for remainder of 2026: 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 areas) o Start power inf
Slide 14: Doropo Opportunities
Doropo Opportunities • Exploration drilling within the Doropo Mining Permit (400km²) will target Vako and Kilosegui • 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) • Kilosegui Expansion t
Slide 15: ABC Project
Potential to become Resolute’s fourth mine ABC Project 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 Follow up drilling on the Moya and Windou targets o US$15-25 million work programme to drill out de
Slide 16: ABC Project – Next Steps
ABC Project – Next Steps o Progress feasibility studies and mining application 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 80,000 m drilling program u
Slide 17: Syama Overview
Syama Overview 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 Grade Contained (Mt) (g
Slide 18: Syama Sulphide Conversion Project
Commissioning and ramp up expected in H2 Syama Sulphide Conversion Project 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 operation Flotation Circui
Slide 19: Mako Overview
Mako Overview 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 Focus is on extendin
Slide 20: Mako Life Extension Project (MLEP)
Mako Life Extension Project (MLEP) • MLEP development is staged to minimise disruption to mill feed, 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 gap in 2028 • Tomboron
Slide 21: Guinea Exploration
Exploration in a fourth jurisdiction Guinea Exploration 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 covering 83km² within
Slide 22: Financial Highlights – H1 2026
Robust balance sheet for organic growth projects Financial Highlights – H1 2026 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, NSIA Banque $317 million
Slide 23: Next steps
Strong organic growth pipeline Next steps 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 and d’Ivoire commence
Slide 24: Resolute Summary
Resolute Summary Well-capitalised to fund Doropo construction under current market and regulatory conditions Advancing a robust organic growth pipeline across asset portfolio Strong balance sheet with net cash position of $317 million Strategically expanding geographic footprint with a focus
Slide 25: www.rml.com.au
Resolute www.rmi.com.au
Slide 26: Appendix
ie, IX end p p A
Slide 27: Select Peer P/NAV
Appendix Select Peer P/NAV1 Company Ticker Code Share Price NAVPS P / NAV US$/share US$/share X West African WAF $2.56 $4.27 0.6x Perseus PRU $4.71 $4.86 1.0x PDI Gold PDI $3.45 $5.17 0.7x Orezone ORE $2.26 $4.54 0.5x Montage MAU $14.28 $14.28 1.0x Fortuna FVI $11.74 $15.78 0.7x B2Gold BTO $5.30 $8.
Slide 28: Peer EV, reserve and resource benchmarking
Appendix Peer EV, reserve and resource benchmarking Ticker Market Net Enterprise Minerals Ore EV / EV / Company Source Date Code Capitalisation Debt Value1 Resources2 Reserves2 Resources Reserves US$m US$m US$m Moz Au Moz Au US$/oz US$/oz Sep 2026 Corporate West African WAF $4,118 ($1,495) $2,622 13