Resolute Mining Limited · ASX:RSG

Resolute Mining — Mines and Money November 2023

14 slides from Resolute Mining's conference presentation, November 2023

  1. Slide 1: Positioning for growth

    Positioning for growth November 2023 ASX/LSE - RSG 1

  2. Slide 2: Disclaimer

    This presentation contains information about Resolute Mining Past performance information given in this presentation is for ‘Over Three Moz Mineral Resource at Syama North’ Limited (Resolute or the Company) and its activities that is illustrative purposes only and should not be relied upon as an ann

  3. Slide 3: Resolute Overview

    Resolute Overview  Two producing gold mines, the Syama Gold Mine in Mali and the Mako Resources Production Gold Mine in Senegal 11.2Moz 330-340koz  Attractive exploration portfolio (Group) (2023 guidance)  Listed on ASX and LSE, approx. US$500 million market capitalisation1 Reserves AISC2  Curre

  4. 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 $2 million (Q3 2023) › Multi-Asset Producer | 2 mines producing ~350koz annuall

  5. Slide 5: Sustainability - A Core Value

    Sustainability - A Core Value ESG: 2022 Performance Community Investments Impressive Safety Record 83rd percentile Over $600m $2.9m Zero economic value committed in 2022 significant environmental distributed in Mali and & community incidents 82nd percentile Senegal 1% 23% 73% Education Zero procurem

  6. Slide 6: Syama - Developing a World Class Mine

    Syama - Developing a World Class Mine 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 Market Cap Ahafo Tasiast Loulo 600 Fekola Yaramoko Sissingue Major Assets Tarkwa Syam

  7. Slide 7: Syama Overview

    Syama Overview Fiscal Ownership 2022 Type Plant Conditions Syama: Sulphide: Sulphide: Sulphide: Gov. Own: 20% 80% RSG 2.1Mt at 2.68 g/t and Sub-level cave Float, roast and Corp. Tax: 25% 20% Mali 78.2% rec. for 161.5Koz Owner-operated CIL Royalty: 6% Tabakoroni: Oxide: Oxide: Oxide: 90% RSG 1.6Mt at

  8. Slide 8: Syama Phase I – Beginning of a Significant Expansion

    Syama Phase I – Beginning of a Significant Expansion Flowsheet Changes  Will increase overall sulphide ore processing capacity by 60% from 2.4 Mtpa to 4.0 Mtpa by modifying the oxide comminution circuit  The plant will be fed from multiple ore sources including Syama North, Syama Underground and H

  9. Slide 9: Syama North Mineral Resource Update

    Syama North Mineral Resource Update  The Global Mineral Resources at Syama North is now estimated at 37.9 Mt at 2.9g/t Au for 3.5 million ounces (cut-off grade of 1g/t Au) Syama North  Successful conversion of Inferred resources with 28.3 Mt containing 2.7 Moz in the Measured and Indicated Categor

  10. Slide 10: Mako Mine Overview

    Mako Mine Overview Fiscal Ownership 2022 Type Plant Conditions 90% RSG 2.1Mt at 2.11 g/t Conventional 2.1 Mtpa Gov. Own.: 10% 10% Senegal and 92.8% drill and blast Carbon in leach Corp. Tax: 25% recovery for truck and shovel processing plant Royalty: 5% 129.4Koz 8MW SAG Mill poured OVERVIEW  Mako i

  11. Slide 11: Three-Year Forecast

    Three-Year Forecast Mako 1480 600 1600 1350 1400 1300 Both 2024 and 2025 will increase profitability with production between 130,000- 500 1275 1200 140,000oz per year at an AISC reducing to US$1,100-1,200/oz from 400 1250 1200 1175 approximately $1,450/oz. In 2026 stockpiles start to be processed.

  12. Slide 12: Financial Summary – Net Cash Reached

    Financial Summary – Net Cash Reached  H1 2023 EBITDA of US$101.4 million HY Gold Production & AISC1  First half gold production of 176.6koz was 3% higher than H1 2022. Nine-month gold production of 250.7koz and on track with revised 2023 Ounces AISC $/oz production guidance of 330-340koz 200,000 1

  13. Slide 13: Conclusion – Key Value Drivers

    Conclusion – Key Value Drivers Meet production and cost guidance Reduce cash costs and optimize capital expenditures Continued execution of Phase I Expansion for Syama Initiate studies on Phase II Expansion for Syama Update Ore Reserve model for Syama North Continue exploration to extend Mako

  14. Slide 14: www.rml.com.au

    Resolute www.rmi.com.au

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