Resolute Mining Limited · ASX:RSG
Resolute Mining — BMO Global Metals, Mining & Critical Minerals Conference 2024
15 slides from Resolute Mining's conference presentation, February 2024
Slide 1: BMO Global Metals, Mining & Critical Minerals Conference 2024
February 2024 BMO Global Metals, Mining & Critical Minerals Conference 2024 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 Attractive exploration portfolio (Group) (2024 guidance) Listed on ASX and LSE, ap
Slide 4: Select Investment Highlights
Select Investment Highlights › Proven Operational Turnaround | New Management Team who have stabilised operations and deleveraged the balance sheet with net debt falling from $229 million (2021) to a net cash position of $14 million (Q4 2023) › Multi-Asset Producer | 2 mines producing ~350koz annual
Slide 5: Q4 2023 and Full-Year 2023 Highlights
Q4 2023 and Full-Year 2023 Highlights Stabilised operations generating healthy cash flow Operations AISC1,2 Cash Flow FY2023 Group AISC1,2 of $1,470/oz beating FY2023 EBITDA2 and operating cash flows FY2023 gold production of 331koz in line guidance of $1,480/oz with guidance (330-340koz) of approx.
Slide 6: Production and AISC Positioned for Substantial Improvements
Production and AISC Positioned for Substantial Improvements AISC expected to continue to decrease across all operations Production Growth Focus: Mako Syama Guinea Areas for Organic ➢ Near-term: Syama Phase I Expansion & Mako Production Growth mine life extension 700 2000 ➢ Medium to long-term: Syama
Slide 7: Syama - Developing a World Class Mine
Syama - Developing a World Class Mine A resource base of over 11Moz creates opportunity to underpin a much larger operation Asset Positioning by ’23E Production (Koz Au), M&I+I (Moz AuEq.), and 2P LoM (Years) 800 Resolute Assets Size Based on 2P LoM (Years) Owner <US$3bn Market Cap 700 Owner >US$3bn
Slide 8: Syama Overview
Syama Overview An established mine complex with major organic growth potential Ownership 2023 Type Syama: Sulphide: Sulphide: 80% RSG 2.3Mt at 2.65 g/t and 78% Sub-level cave 20% Mali recovery for 151Koz, Owner-operated Tabakoroni: AISC $1,390/oz Oxide: 90% RSG Open-pit contract mining 10% Mali Oxid
Slide 9: Syama Phase I Expansion
Syama Phase I Expansion The first phase of organic growth at Syama targeting sustainable production >250kozpa ➢ Phase I will increase overall sulphide ore processing capacity by 60% from 2.4Mtpa to 450 4.0Mtpa by modifying the oxide comminution circuit and upgrading the roaster Targeting Scoping Stu
Slide 10: Mako Mine Overview
Mako Mine Overview Substantial cashflows expected in 2024 from increased production at a higher margin Ownership 2023 Type Ownership RSG 90% 2.1Mt at 1.91 g/t and Conventional drill and 90% RSG Senegal: 10% 92% recovery for blast truck and shovel 10% Senegal 120Koz poured, AISC $1,373/oz Fiscal Cond
Slide 11: Senegal Exploration Update
Senegal Exploration Update Focused on three potential satellite deposits to extend the Mako mine Tomboronkoto (16km east of Mako): ➢ In early 2024 announced a maiden Inferred MRE of 264koz grading 2.2g/t Au (at a 1 g/t cut-off) or 403koz grading 1.2 g/t (at a 0.5 g/t cut-off) with a majority of the
Slide 12: Guinea Exploration
Guinea Exploration Advancing exploration in a highly prospective gold district Resolute has five permits in Guinea located along the margin of the Siguiri Basin ➢ Main aim for 2024 is to outline an Inferred resource at the Mansala Prospect (Niagassolo Permit – 100% RML) - targeting H1 2024 ➢ Ongoing
Slide 13: 2024 Guidance
2024 Guidance Group gold production expected to increase by over 5% in 2024 ➢ Syama sulphide is forecast between 155,000 – 160,000oz with production coming from run of mine material from the sub-level cave. Syama oxide is forecast to be 50,000 – 55,000oz with ore sourced from several smaller oxide p
Slide 14: Operational Turnaround and Long-Term Growth Strategy
Operational Turnaround and Long-Term Growth Strategy Focused on organic growth at Syama, and mine life extension at Mako • Mako mine life extension January 2023 Q3 2023 January 2024 H1 2024 • 3Moz resource • Net cash position • Tomboronkoto maiden • Mansala maiden MRE • Completion of Syama Phase I o
Slide 15: www.rml.com.au
Resolute www.rml.com.au
Resolute Mining — BMO Global Metals, Mining & Critical Minerals Conference 2024 on 6ix