Resolute Mining Limited · ASX:RSG
Resolute Mining — Q4 2024 Earnings Presentation
23 slides from Resolute Mining's earnings presentation, Jan 31, 2025
Slide 1: Q4 2024 and FY 2024 Activities Report
30 January 2025 Q4 2024 and FY 2024 Activities Report 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: Key Investment Highlights
Key Investment Highlights › Established Multi-Asset Gold Producer Up to 300koz of annual production from two existing mines in multiple jurisdictions generating robust cash flows › High-Quality Portfolio with Growth Syama’s resource base has potential to underpin a higher Potential production level
Slide 4: Q4 2024 and Full-Year 2024 Highlights
Q4 2024 and Full-Year 2024 Highlights Notable full year operating cash flow generation Ounces AISC $/oz 100,000 90,787 1,800 85,043 87,687 Impressive TRIFR of 2.11 at end of 2024 80,000 76,351 1,600 1,400 compared to ICMM average of 2.6 35,188 32,052 28,803 1,200 60,000 27,892 1,000 13,669 15,021 10
Slide 5: Operational Overview
Operational Overview 5
Slide 6: Syama Operational Highlights
Syama Operational Highlights In 2024 Syama performed extremely well producing 216koz and exceeding guidance (205-215koz) Sulphide Operation Oxide Operation Produced 8% more gold (163.4 koz) than prior year due to 6% Produced 12% less gold (52.6 koz) than prior year due to lower higher milled ton
Slide 7: Mali Overview
Mali Overview Resolute remains committed to Mali and all its stakeholders o Signed Protocol in Q4 o Protocol sets framework for continued discussions with the Malian Government and provides that all outstanding claims prior to 31 December 2023 are settled o Resolute made settlement payments totallin
Slide 8: Syama Sulphide Conversion Project Update
Syama Sulphide Conversion Project Update Major progress made on the SSCP during 2024 Project to increase overall sulphide processing capacity from Ball mill and flotation areas under construction 2.4Mtpa to 4.0Mtpa Supports long-term future of Syama as oxide resources deplete and the ore sources
Slide 9: Mako Operational Highlights
Mako Operational Highlights Produced 124koz and was impacted by lower-than-expected grades and heavy rains Production of 124 koz was under guidance (140-150koz) due to lower-than-expected grades and impacts of heavy rainy reason View of the Mako open pit with backfilling in progress Strong mill
Slide 10: 2024 Exploration Summary
2024 Exploration Summary New Resources in Senegal, Guinea and Ivory Coast Exploration expenditure of $20 million exceeded guidance ($16-18 million) as Tomboronkoto and Bantaco drilling was expedited Signed Joint Ventures over Bantaco (located 20km from Mako plant) in Senegal and La Debo in Ivory
Slide 11: Tomboronkoto
Tomboronkoto Key satellite deposit to extend the Mako mine Located 20km from the Mako and has potential to extend Drilling will continue in 2025 to support studies the mine life $4.5 million spent in 2024 on expansion and infill drilling programs that converted Updated Mineral Resource of over
Slide 12: Financials
Financials 12
Slide 13: Financial Results
Financial Results A strong year both operationally and financially Financial Highlights Gold Sales (oz) and Price $2,659/oz $2,493/oz 120,000 QUARTER ENDED FULL YEAR ENDED 100,000 $2,342/oz 31 Dec 30 Sept % 31 Dec 31 Dec % Unit 2024 2024 Change 2024 2023 Change $1,950/oz 37,353 80,000 31,991 25,877
Slide 14: Financial Highlights
Financial Highlights Exceptional cash flow generation in 2024 Full-year 2024 Highlights1: 2024 Cashflows ($m) Operating cash flow of 249 approximately $250 million in 2024 Capital and exploration expenditure 37 34 of $117 million at low end of guidance ($115-145 million) due to deferral of $24 m
Slide 15: 2025 Guidance
2025 Guidance 15
Slide 16: Syama Guidance
Syama Guidance Revised SSCP schedule to maximise near to medium-term cash flows 2025 Perspectives 2025 Production (koz) 450 195 – 210 Syama production guidance of 195-210koz at an AISC of $1,700-1,800/oz 400 350 150 – 160 impacted by the 2023 Mining Code adding approx. $250/oz of additional costs
Slide 17: Syama Sulphide Conversion Project
Syama Sulphide Conversion Project Construction to continue throughout 2025 Revised schedule to optimise near-term cash flows by processing the remaining oxides throughout 2025 Ball mill and flotation area Crushing and stockpile area 2025 Plan ($30m capital expenditure): Complete all civil work
Slide 18: Mako Guidance
Mako Guidance Open pit mining operations to end mid-2025 2025 Perspectives 2025 Production (koz) Forecast production of 80-90 koz at an AISC of $1,300-1,400/oz 180 80 – 90 160 140 120 50 – 55 Open pit mining to cease in June and lower production expected in H2 as 100 80 30 – 35 stockpile process
Slide 19: Exploration & Corporate Guidance
Exploration & Corporate Guidance Resolute continues to invest heavily in its exploration pipeline Administration and other corporate expenditure of $25 million (equivalent to c. $90/oz AISC) 2025 exploration budget of $20-25 million split approximately $9 million, $3 million and $3 million for S
Slide 20: Tomboronkoto Plan
Tomboronkoto Plan Progressing Tomboronkoto is key for mine-life extension at Mako In 2025 $4-6 million allocated for completing necessary studies including village relocation, TSF design and technical studies Current estimate for development capital expenditure for the Project is between $80-100
Slide 21: Group Guidance
Group Guidance Strong cash generation expected despite lower production ounces in 2025 Group production of 275-300koz at AISC $1,650-1,750/oz anticipated to generate in excess of $100m of cash flow in the current gold price environment Group AISC c. $250/oz higher than 2024 due to Mining Code im
Slide 22: Key Resolute Highlights
Key Resolute Highlights • A multi-asset producer with attractive growth profile across all assets • Portfolio of high-quality gold assets in four jurisdictions across West Africa • Strong net cash position and liquidity profile to fund opportunistic growth propositions • Impressive free cash flow ge
Slide 23: www.rml.com.au
Resolute www.rmi.com.au