Resolute Mining Limited · ASX:RSG
Resolute Mining — Investor Presentation (June 2023)
24 slides from Resolute Mining's investor presentation, June 2023
Slide 1: Positioning for growth
June 2023 Positioning for growth ASX/LSE - RSG 1
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: Resolute Today: Investment highlights
Resolute Today Investment highlights › Proven Operational Turnaround | New Management Team who have stabilised operations and deleveraged the balance sheet › Multi-Asset Producer | 2 mines producing ~350koz pa with improving cash margins › World-Class Mine with Growth | Syama’s Operational Profile I
Slide 4: Our Portfolio
Our Portfolio Two producing gold mines, the Syama Gold Mine in Mali and the Resources Production Mako Gold Mine in Senegal 11.2Moz 350koz (Group) (2023 guidance) Active exploration with drilling campaigns underway across African tenements in Mali, Senegal and Guinea Reserves AISC1 4.6Moz $1,480/oz (
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 Senegal 1% 82nd percentile 23% 73% Education Zero procurem
Slide 6: Delivering Strategic Priorities - Substantial Value Creation
Delivering Strategic Priorities - Substantial Value Creation Continued Efficiency Grow & Develop Syama Mako Pit Extension Balance Sheet Flexibility Across the Business North • Proven stable operations • Advancement of Syama North PFS • 2023 planned pit extension • Successful recapitalisation in 2022
Slide 7: Operational Overview
Operational Overview 7
Slide 8: 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
Slide 9: Significant Exploration at Syama
Significant Exploration at Syama Syama North Syama Greenstone Belt • Resolute controls the entire 85km strike length of the Syama Greenstone Belt o Production of 2.5Moz since acquired by Resolute in 2004 o 2022 1.8Moz Resource Growth and 0.7Moz Reserve Growth1 o Syama North expected to drive future
Slide 10: Syama North & Further Expansion Potential
Syama North & Further Expansion Potential Syama North Updated Mineral Resource Drilling Estimate • Diamond drilling is ongoing and expected to continue throughout 2023 to extend • 58% increase in Syama North Resource and and increase Mineral Resource and Ore reserve confidence grade confirmed potent
Slide 11: Syama North & Further Expansion Potential (cont.)
Syama North & Further Expansion Potential (cont.) • The sulphide mineralisation remains open at depth and is contiguous along the entire 6km strike length of the Alpha to A21 de posits • Exploration drilling increased to 200m below surface at the centre of A21 • Resolute is expecting to provide a fu
Slide 12: Syama Underground Exploration Potential
Syama Underground Exploration Potential 12
Slide 13: Syama Relative Positioning – World Class Mine
Syama Relative Positioning – 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) Ow ner <US$3bn Market Cap 700 Ow ner >US$3bn Market Cap Ahafo Tasiast Loulo 600 Fekola Yaramoko Sissingue Major Assets T
Slide 14: 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
Slide 15: Exploration Potential at Mako
Exploration Potential at Mako Near mine exploration focus to extend the mine life Mako • Ramping up exploration at Mako – assessing promising targets adjacent to the existing mine • Several near-mine targets on Mine Lease Laminia JV • JV on Laminia permit located 15km from Mako • Outcropping gold mi
Slide 16: Financials
Financials 16
Slide 17: Key 2022 Financial & Operational Metrics
Key 2022 Financial & Operational Metrics Ore Mined Ore Processed Gold Poured 6,846kt 5,731kt @ 2.11g/t 353,069oz in 2022 in 2022 in 2022 from 6,189kt from 5,627kt @ 2.06g/t from 319,271oz in 2021 in 2021 in 2021 Revenue EBITDA Underlying NPAT 1 $651.1m $148.2m $20.3m in 2022 in 2022 in 2022 from $54
Slide 18: Consistent Production Improvements and Now Stabilised Operations
Consistent Production Improvements and Now Stabilised Operations Gold Production & AISC 1 Q1 2022 – Q1 2023 Q1 2023 highlights: • 6 consecutive quarters of production growth to Q1 2023 at 92,259oz group production ➢ Reduction in Sulphide poured impacted by a seven-day roaster shutdown in the Quarter
Slide 19: Consistent Strengthening of Balance Sheet & Liquidity
Consistent Strengthening of Balance Sheet & Liquidity Net Debt Over Time1 Key Developments 2022 Balance Sheet Improvement $319.1 › Successful equity capital raising of A$164.0m, with participation from Tier-1 institutional investors › Net debt reduced by $197.2m to $31.6m at 31 December 2022 (31 $23
Slide 20: 2023 Guidance
2023 Guidance 2023 Production and AISC Guidance for 12 months to 31 December Gold Production (oz) AISC ($/oz) 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 included in AISC: $34m ‒ $9
Slide 21: Operational Turnaround and Long-Term Growth Strategy
Operational Turnaround and Long-Term Growth Strategy May 2021 May 2022 February 2023 • Terry Holohan appointed • Terry Holohan appointed • Chris Eger appointed CFO COO CEO and MD July 2021 August 2022 • Geoff Montgomery • Geoff Montgomery • Syama North • Mako mine life appointed GM Technical appoint
Slide 22: Board of Directors & Management Team
Board of Directors & Management Team Martin Botha Terry Holohan Simon Jackson Non-Executive Chairman Managing Director & Non-Executive Director Chief Executive Officer Investment banker with Working as an executive and in technical Chartered Accountant with over 25 extensive experience as a non- min
Slide 23: Capital structure
Capital structure Capital Structure Current Share Register as at 31 March 2023 Ticker RSG 1 Condire Management, LP 11.4% Share price1 A$ / £ 0.48 / 0.24 2 Van Eck Associates Corporation 6.6% Shares outstanding2 m 2,129 3 Baker Steel Capital Managers LLP 5.9% Market Capitalization US$m 680 4 Dimensio
Slide 24: www.rml.com.au
www.rml.com.au 24