Slide 1: Mining Indaba Presentation
For personal use only Mining Indaba Presentation Terry Holohan – Managing Director and CEO 6-9 1 February 2023 www.rml.com.au ASX/LSE - RSG
Slide 2: Disclaimer
This presentation contains information about Resolute Mining Before making any investment decision in connection with any Announcements and confirms that all material assumptions and Limited (Resolute or the Company) and its activities that is acquisition of Resolute securities, prospective investor
Slide 3: About Resolute
About Resolute For personal use only • Resolute is an experienced explorer, developer and operator of gold mines. Resolute currently owns two producing gold mines, Syama Mako the Syama Gold Mine in Mali (Syama) and the Mako Gold Mine in Senegal (Mako). Long-life asset over Conventional open pit 85km
Slide 4: Capital structure
Capital structure For personal use only Capital Structure Current Share Register as at 30 December 2022 Share price1 US$ 0.19 1 Condire Management, LP 11.3% Shares outstanding2 m 2,129 Market Capitalization US$m 410 2 Baker Steel Capital Managers LLP 7.2% Net debt3 US$m 32 3 Van Eck Associates Corpo
Slide 5: Board of Directors
Board of Directors For personal use only Investment banker with extensive Working as an executive and in Martinis (Martin) experience as a non-executive Terry Holohan technical mining positions with 30 Managing Director & Botha director in the metals and mining Chief Executive Officer years working
Slide 6: Management Team
Management Team For personal use only Corporate lawyer, with Chartered Accountant, with 35 years experience in experience at international law almost 30 years experience operations management, firms in the general energy and leading the financial, strategic engineering design, projects, natural reso
Slide 7: Company Overview
Company Overview Positioned for growth with five consecutive quarters of progress and a strengthened balance sheet For personal use only Demonstrated • Group production guidance achieved for 2022 with 353,069 oz against the guidance of 345,000 oz operational • Costs 5% above guidance of $1,425/oz at
Slide 8: Sustainability initiatives
Sustainability initiatives For personal use only • Total Recordable Injury Frequency Rate at the end of December 2022 reduced to 0.41 • 457 days LTI-free across the group and over 1,400 days LTI-free at Syama • 3 ESIA approvals in 2022 to support future growth initiatives at Syama • ISO:45001 and IS
Slide 9: Conservation - Niokolo-Koba National Park Senegal
Conservation - Niokolo-Koba National Park Senegal For personal use only • Successful implementation of a Biodiversity Offset in Senegal to achieve “net gain" in alignment with IFC PS6 • Oversight by an independent advisory panel • Intervention zone of 25% of the PNNK (1,700 km2) • Results: - 80% dec
Slide 10: Consistent Production Improvement
Consistent Production Improvement For personal use only Gold Production & AISC Q4 2021 – Q4 2022 Q4 2022 reflects: • 5 consecutive quarters of incremental Ounces Chart Title AISC $/oz production growth to Q4 2022 100,000 2,000 90,000 1,800 • 29% increase in Syama Oxide production 80,000 30,435 1,600
Slide 11: CY22 Cash Flow Analysis
CY22 Cash Flow Analysis For personal use only 11 Operating Cash flows of $161.1m for the year include $20.1m of royalties, $36.8m of VAT and taxes, $50.4m of working capital and movements in Bullion
Slide 12: Reset performance from Syama Sulphide
Reset performance from Syama Sulphide For personal use only Roaster Tonnes¹ 60,000 Sulphide performance since Q1 2022 50,000 shutdown: Roaster Tonnes (kt) 40,000 30,000 • Processing Grade >2.5g/t since shutdown in Q1 20,000 10,000 • Record tonnes roasted of 175kt achieved in 2022 - Q1 2021 Q2 2021 Q
Slide 13: 28% increase in Sulphide Gold production since Q1 Roaster shut
28% increase in Sulphide Gold production since Q1 22 Roaster shut1 Significant improvement in availability and throughput since April 2022 For personal use only Sulphide Circuit Physicals Daily Average Sulphide Gold Production Post Roaster shut Ounces Pre-Roaster shut 28% increase in Sulphide April
Slide 14: Exploration - Syama
Exploration - Syama Syama Greenstone Belt For personal use only • Resolute controls the entire 85km strike length of the Syama Greenstone Belt ‒ Highly endowed gold belt with total Mineral Resources of 8.7 Moz ‒ Ore Reserves of 3.4 Moz ‒ Production of 2.5Moz since acquired by Resolute in 2004 ‒ Very
Slide 15: Syama North & Further Expansion Potential
Syama North & Further Expansion Potential For personal use only Syama North Updated Mineral Resource Estimate • 58% increase in Syama North Resource and grade confirmed potential for a new open pit mine adjacent to the Syama processing complex • Updated Resource is currently being used to inform a P
Slide 16: Exploration - Mako
Exploration - Mako Near mine exploration focus to support the For personal use only capital investment in the operation Mako • Several near-mine targets on Mine Lease • Mako NW target, soil anomaly parallel to Mako mine Laminia JV • Recently signed JV on Laminia permit located 15km from Mako • Outcr
Slide 17: 2023 Guidance
2023 Guidance 2023 Production and AISC Guidance for 12 months to 31 December Gold Production (oz) AISC ($/oz) For personal use only Syama Sulphide 160,000 1,400 Syama Oxide 73,000 1,365 Mako 117,000 1,470 Group (inclusive of Group overheads) 350,000 1,480 2023 Capex Guidance • Sustaining capex inclu
Slide 18: Contact
For personal use only Contact James Virgo GM – Finance and IR www.rml.com.au Email: contact@rml.com.au Phone: +61 8 9261 6100 18