Resolute Mining Limited · ASX:RSG

Resolute Mining — Mining Indaba Conference 2011

22 slides from Resolute Mining's conference presentation, Feb 10, 2011

1. Slide 1: ASX Announcement: CEO Presentation at Indaba Conference

   ASX Announcement ACN 097 088 689 For personal use only 10 FEBRUARY 2011 1 CHIEF EXECUTIVE OFFICER’S PRESENTATION AT INDABA CONFERENCE Attached is a copy of the Chief Executive Officer’s presentation given at the Mining Indaba Conference. For and on behalf of the Board GREG FITZGERALD Company Secreta

2. Slide 2: Mining Indaba Presentation: Making Our Mark in Gold

   MINING INDABA For personal use only PRESENTATION February 2011 MAKING OUR MARK IN GOLD

3. Slide 3: Gold Credentials

   For personal use only GOLD CREDENTIALS • Production: est 380,000ozs FY11 352,303 ozs FY10 Geographic Diversity at 3 Operations 2nd Largest Gold Producer on ASX 100% Unhedged • Reserves: 3.5m ozs* Total All Resources: 10.4m ozs* • Development: Strong Pipeline of Value Add Projects Ongoing Resource -

4. Slide 4: Cash Returns

   For personal use only CASH RETURNS • Growing Production Profile 500 450 • Falling Cash Cost 400 350 300 250 • Strong Cash Generation 200 150 100 50 • Significant Liability Reduction to Dec 11 0 – Secured Debt Repayments to Dec 11 2010(A) 2011(F) 2012(F) 2013(F) US$30m and A$50m Syama – Potential Con

5. Slide 5: Corporate Summary

   For personal use only CORPORATE SUMMARY Capitalisation Board of Directors • Issued Shares (ASX: RSG): 466 million • Peter Huston Non Exec Chairman • Issued Options (ASX: RSGO): 52 million • Peter Sullivan Managing Director • Issued Con Notes (ASX: RSGG) 137million • Tom Ford Non Executive Director •

6. Slide 6: Syama Major Asset

   For personal use only SYAMA • Major Asset of Resolute ( Resolute 80%, Mali Govt 20%) • Operation is Basis of Major West African Position • Over 6 Million ozs • Ramping Up to Production of 250,000+ ozs pa • 10+ Year Operation – Pit Expansion – Oxide Circuit

7. Slide 7: Operations

   For personal use only SYAMA OPERATIONS • Production Ramp Up Making Good Progress • Mechanical Consistency Improving • Metallurgical Performance Confirms Process Design • 1H FY11 Gold Production 47,340 ozs @ Cash Cost US$1045 • Significant Production Increase and Cash Cost Decrease Underway

8. Slide 8: Pit Expansion

   For personal use only SYAMA PIT EXPANSION • Resource Of +3.0 Million ozs Below Current Pit Design • Expanded Pit Design Based on US$1200/oz • Add 900K ozs to Reserve, 85m Deeper • Underground Plan to be Revised • Ore Body Open at Depth

9. Slide 9: Oxide Circuit

   For personal use only SYAMA OXIDE CIRCUIT A21 - Quartz Vein Hill Oxide mineralisation over 6 km A21/QVH 601K oz • Resources of +1.0 Million ozs resource Outlined Along Strike North and Alpha/Syama Extension South of Main Pit Alpha 101K oz resource Syama Ext 162K oz • Dedicated Oxide Circuit resource

10. Slide 10: North Exploration

    For personal use only SYAMA NORTH EXPLORATION A21/Quartz Vein Hill : Infill and extension RC drilling on 50m traverses Initial resource of 601,000oz @ 2.5g/t Au Alpha : Infill and extension RC drilling on 50m traverses. Initial resource of 101,000oz @ 1.8g/t Au Syama Extended : Infill and extension

11. Slide 11: South Exploration

    For personal use only SYAMA SOUTH EXPLORATION Tellem : RC drilling on 50-100m traverses.Continuous mineralisation over 4000m – Open along strike Initial resource of 165,000oz @ 2.5g/t Au Paysans: Broad spaced (200m) aircore traverses. Continuous mineralisation over 1400m. Open along strike. Senufo-S

12. Slide 12: Grid Power Connection

    For personal use only SYAMA GRID POWER CONNECTION • West African Power Pool Interconnection with Cote d’Ivoire • Grid to be Commissioned in Sikasso early 2011 • Current Diesel Power Generation Costs ~1/3 of Cash Costs • Connection will Substantially Reduce Costs • Grid Connection Capital Estimated U

13. Slide 13: Regional Exploration

    For personal use only SYAMA REGIONAL EXPLORATION • Located in Prolific West African Birimian Greenstone Belt • Tenure Covers ~ 75 km of the Highly Prospective and Under Explored Syama Shear • Actively Pursuing Other Nearby Prospective Tenure • Tabakoroni Feasibility Submitted in July 2010. Awaiting

14. Slide 14: Cote d'Ivoire Exploration

    For personal use only COTE D IVOIRE EXPLORATION • Focus on the Under Explored World Class Birimian Terrains of West Africa • ~10,000 sqkm of Permits Covering over 200km of Greenstone Belts NE of Bonikro Gold Mine • Broad Scale 1km x1km Multi Element Sampling Targeting Large Scale Deposits • Ten High

15. Slide 15: Ravenswood

    For personal use only RAVENSWOOD • Over 1.5 Million ozs in Reserves • 1H FY11 Gold Production 57,076 ozs @ Cash Cost A$952/oz • Mt Wright Ore Production Becoming Main Feed Source • Expansion of Sarsfield Open Pit Extends Mine Life to 10 Years • A Number of Mount Wright/Kidston Style Targets to be Te

16. Slide 16: Mount Wright

    For personal use only MOUNT WRIGHT • Mining Ramp Up with Sub Level Shrinkage Method Established • Production target 1.0mpta @3.5g/t for ~100,000 ozs pa • Reserve Additions with Infill Drilling from 720mRL to 600mRL • Further Testing for Depth Extension (600mRL to 300mRL) to Commence. • Adjacent Gran

17. Slide 17: Sarsfield Open Pit

    For personal use only SARSFIELD OPEN PIT • Mining Ceased in Early 2009, Pit Designed at A$800/oz • Reserve of 1.0 Moz Below the Pit • Estimated Capital $72 M to Restart Mining and Treatment • 5Mtpa Throughput at Nolans Plant

18. Slide 18: Welcome Breccia

    For personal use only WELCOME BRECCIA • New Discovery Near Ravenswood Plant (Resolute 80%) • WED003 Intersected a Spectacular 113m @ 7.7g/t Au from 316m • Mineralisation is Plunging Steeply and Remains Open at Depth. • Initial Resource Estimate 2.04 Mt @ 3.18g/t Au for 208,000 ozs • Welcome Breccia

19. Slide 19: Golden Pride

    For personal use only GOLDEN PRIDE • 300,000 ounces in Reserves • 1H FY11 Gold Production 57, 232 ozs @ Cash Cost US$708/oz • Mining to Final Pit Design, 2 Year Production Life • Mine Planning for Near Pit Deposits • Exploration Focus for Longevity

20. Slide 20: Golden Pride

    For personal use only GOLDEN PRIDE • Incremental Reserve Additions of ~50,000 ounces at Maji / Southern Oxides • Assessments of Terry’s Target , ATM and Far East Ongoing

21. Slide 21: Summary

    For personal use only SUMMARY • Strong Long Term Production Profile • Moving to Cash Generation Phase • De-gearing Balance Sheet • Growth Options Becoming Focus • Extensive Range of Organic Value Add Projects

22. Slide 22: Thank You / Disclaimer

    For personal use only THANK YOU DISCLAIMER • This presentation includes certain statements, estimates and projections with respect to the future performances of Resolute Mining. Such statements, estimates and projections reflect various assumptions concerning anticipated results, which assumptions m

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