Resolute Mining Limited · ASX:RSG
Resolute Mining — Q4 2023 Earnings Presentation
21 slides from Resolute Mining's earnings presentation, Jan 31, 2024
Slide 1: Q4 2023 and FY 2023 Activities Report
31 January 2024 Q4 2023 and FY 2023 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: Resolute Overview
Resolute Overview Multi-asset gold producer with near-term organic growth potential Two producing gold mines, the Syama Gold Mine in Mali and the Mako Resources Production Gold Mine in Senegal 11.2Moz 345-365koz Attractive exploration portfolio (Group) (2024 guidance) Listed on ASX and LSE, ap
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 $14 million (Q4 2023) › Multi-Asset Producer | 2 mines producing ~350koz annual
Slide 5: Q4 2023 and Full-Year 2023 Highlights
Q4 2023 and Full-Year 2023 Highlights Stabilised operations generating healthy cash flow Operations AISC1,2 Cash Flow FY2023 Group AISC1,2 of $1,470/oz FY2023 gold production of 331koz FY2023 EBITDA2 and operating cash flows of approx. $165 million and $142 million Group AISC is expected to continue
Slide 6: Production and AISC Positioned for Substantial Improvements
Production and AISC Positioned for Substantial Improvements AISC expected to continue to decrease across all operations Production Growth Focus: Mako Syama Guinea Areas for Organic Near-term: Syama Phase I Expansion & Mako Production Growth mine life extension 700 2000 Medium to long-term: Syama
Slide 7: ESG Highlights
ESG Highlights Continued Focus on Safety Performance As a member of the World Gold Council (WGC), Resolute is Total Recordable Injury Frequency (TRIF) per 1m hours committed to operating responsibly in accordance with the 25 5.00 Responsible Gold Mining Principles (RGMPs) from mine development throu
Slide 8: Operational Overview
Operational Overview 8
Slide 9: Syama Operational Highlights
Syama Operational Highlights Strong final quarter at both oxide and sulphide operations Sulphide Operation Tonnes Ore Mined increased by 16% as mining shifted from Q4 Q3 Delta FY 2023 FY 2022 Delta development to production stopes. Q4 grades increased due to as higher-grade zones started to be acc
Slide 10: Syama - Developing a World Class Mine
Syama - Developing a World Class Mine A resource base of over 11Moz creates opportunity to underpin a much larger operation 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
Slide 11: Syama North
Syama North Syama North A vital high-grade open pit oxide and sulphide resource Syama North is a collection of three open pit resources (A21, BA04 and Alpha) that is key to underpinning the Phase I Expansion Project. Syama North pits are located less than 7km from the Syama processing plant The
Slide 12: Syama Phase I Expansion
Syama Phase I Expansion The first phase of organic growth at Syama targeting sustainable production >250kozpa 450 Phase I will increase overall sulphide ore processing capacity by 60% from 2.4Mtpa to 4.0Mtpa by modifying the oxide comminution circuit and upgrading the roaster Targeting Scoping Stu
Slide 13: Mako Operational Highlights
Mako Operational Highlights Stable Q4 production with a strong 2024 expected Q4 2023 Highlights Q4 Q3 Delta FY 2023 FY 2022 Delta Ore tonnes mined and mined grade increased due to access to high grade areas of stage 7 area of the pit following the cut-back Ore (t) 539,628 493,257 9% 2,367,808 2,85
Slide 14: Senegal Exploration Update
Senegal Exploration Update Focused on three potential satellite deposits to extend the Mako mine Tomboronkoto (16km east of Mako): In early 2024 announced a maiden Inferred MRE of 264koz grading 2.2g/t Au (at a 1 g/t cut-off) or 403koz grading 1.2 g/t (at a 0.5 g/t cut-off) with a majority of the
Slide 15: Guinea Exploration
Guinea Exploration Advancing exploration in a highly prospective gold district Resolute has five permits in Guinea located along the margin of the Siguiri Basin Main aim for 2024 is to outline an Inferred resource at the Mansala Prospect (Niagassolo Permit – 100% RML) - targeting H1 2024 Ongoing
Slide 16: Financials
Financials See
Slide 17: Financial Results
Financial Results Strong cash flow generation with more to come in 2024 Q4 Financial Highlights Full Year 2023 Highlights Quarterly gold sales of 79,480oz (vs 76,524oz in Q3) at an average sales Annual revenue of $630 million (vs $651 million in 2022) from the sale of price of $1,954/oz (vs $1,9
Slide 18: Liquidity Position
Liquidity Position Strong cash flows, net cash position increasing Liquidity Position Remains Strong Cash Flow Waterfall During the December Quarter Net Cash increased by $11.8 million to $14.0 million Strong cash flow generation in 2023 with approximately $60 million of cash flow before interes
Slide 19: 2024 Guidance
2024 Guidance Group gold production expected to increase by over 5% in 2024 Syama sulphide is forecast between 155,000 – 160,000oz with production coming from run of mine material from the sub-level cave. Syama oxide is forecast to be 50,000 – 55,000oz with ore sourced from several smaller oxide p
Slide 20: Operational Turnaround and Long-Term Growth Strategy
Operational Turnaround and Long-Term Growth Strategy Focused on organic growth at Syama, and mine life extension at Mako • Mako mine life extension January 2023 Q3 2023 January 2024 H1 2024 • 3Moz resource • Net cash position • Tomboronkoto maiden • Mansala maiden MRE • Syama Phase II outlined at Sy
Slide 21: www.rml.com.au
Resolute www.rmi.com.au