Slide 1: Celebrating 21 years of African gold mining
Celebrating 21 years of African gold mining Presentation by Lee-Anne de Bruin, Chief Financial Officer Mining Indaba 2018, Cape Town
Slide 2: Important Notices and Disclaimers
Important Notices and Disclaimers Not an offer of securities This presentation contains a summary of information about Resolute and its activities that is current as at the date of this presentation unless otherwise stated. The information in this presentation is general in nature and does not purpo
Slide 3: Important Notices and Disclaimers
Important Notices and Disclaimers Competent Person Statement The information in this presentation that relates to the Exploration Results, Mineral Resources and Ore Reserves is based on information compiled by Mr Andrew Goode who is a member of the Australasian Institute of Mining and Metallurgy and
Slide 4: Mine Gold. Create Value.
DRAFT Mine Gold. Create Value. 4
Slide 5: Resolute's value proposition
Resolute’s value proposition: 1.Long life mines 2.Operational expertise 3.Extensive exploration tenure in proven African belts 5
Slide 6: Long life, large scale assets
Long life, large scale assets Three assets across West Africa and Australia Syama Gold Ravenswood Bibiani Gold Mine Gold Mine Mine Mali, West Africa Queensland, Australia Ghana, West Africa Resolute has a successful A successful operating history Resolute acquired the Bibiani Gold history of >10 yea
Slide 7: Three years running…
Three years running… Track record of strong operating performance FY15 FY16 FY17 Original Guidance 315koz 300koz 300koz Production Actual 329koz 315koz 330koz (oz) Achieved ✔ ✔ ✔ Original Guidance A$1,280/oz A$1,280/oz A$1,280/oz AISC Actual A$1,094/oz A$1,200/oz A$1,132/oz (A$/oz) Achieved ✔ ✔ ✔ Av
Slide 8: FY18 YTD Highlights
FY18 YTD Highlights On track to deliver key development projects FY18 YTD FY18 Production Balance Sheet Performance Guidance YTD total gold FY18 total gold Total Cash, bullion 142,749oz production 300,000oz production A$196M and investments All-In Sustaining Cost All-In Sustaining Cost Net Cash, A$1
Slide 9: 21 years
21 years Resolute has continuously operated in Africa 9
Slide 10: 4,400,000 ounces of gold produced
4,400,000 ounces of gold produced from 21 years of investing in Africa 10
Slide 11: Local employees & contractors at Syama & Bibiani
2,165 Local employees & contractors currently employed at Syama & Bibiani 11
Slide 12: Total economic contributions from 21 years in Africa
US $1,900,000,000 Total economic contributions from 21 years of investing in Africa 12
Slide 13: Total taxes & royalties paid
US $400,000,000 Total taxes & royalties paid from 21 years of investing in Africa 13
Slide 14: Paid to local vendors and employees
US $1,400,000,000 Paid to local vendors and employees from 21 years of investing in Africa 14
Slide 15: Resolute in Africa
Egypt Mali Burkina Faso Democratic Republic of the Congo Côte d’Ivoire Tanzania Ghana Resolute inAfrica 15
Slide 16: Tanzania
Tanzania 16
Slide 17: Golden Pride Gold Mine, Tanzania
Golden Pride Gold Mine, Tanzania Exploration Feasibility Construction Production Profitability Community 1996 -2014 Rehabilitation 17
Slide 18: Total economic contributions to Tanzania
Golden Pride Gold Mine, Tanzania • Royalties US$48,000,000 • CSR Spending US$3,500,000 Total economic • Corporate and other taxes contributions to US$86,000,000 • PAYE tax Tanzania US$30,000,000 US • Local vendor payments US$411,000,000 • Local salaries $606,000,000 US$28,000,000 18
Slide 19: Ghana
Ghana 19
Slide 20: Obotan Gold Mine, Ghana
Obotan Gold Mine, Ghana Exploration Feasibility Construction Production Profitability Community 1996 -2003 Rehabilitation 20
Slide 21: Mali
i’ Resolute 21
Slide 22: Total economic contributions to Mali
Syama Gold Mine • Royalties US$106,000,000 • CSR Spending US$4,000,000 Total economic • Local vendor payments contributions to US$893,000,000 • PAYE tax Mali US$92,000,000 US • Other taxes US$21,000,000 • Local salaries $1,200,000,000 US$53,000,000 22
Slide 23: Syama Gold Mine Overview
Syama Gold Mine Overview 7.5Moz Total Resource* 2.9Moz Total Reserve Production Rate Sulphide Oxide 12 Year Underground Mine Life 2.4Mtpa 1.5Mtpa (170kozpa) (70kozpa) US$881/oz LOM AISC - Underground * Includes upgraded Syama U/G resource – see ASX Ann. 23 October 2017 23
Slide 24: Syama UG
Syama UG A world class sub-level cave gold mine in the making • Controlled, high-productivity ore delivery • Highly mechanised / amenable to automation • Low up-front capex • Early access to ore without leaving a crown pillar below the open pit • A flexible method with ability to adapt cut-off grade
Slide 25: A world class opportunity
A world class opportunity 10Moz and counting, 80km of strike untested below ~200m • Resolute controls an 80km strike length of the 10Moz Syama shear zone • Majority of exploration to date has been focused on shallow oxide open pit orebodies • Significant exploration upside below current open pit des
Slide 26: A major gold discovery at Syama
A major gold discovery at Syama Exciting new discovery at Nafolo • Adjacent to 8Moz Syama deposit • Potential to transform Syama operation • Untested to the south and at depth • All drillholes to date have intersected gold mineralisation • Remains open in all directions 26
Slide 27: Tabakoroni
Tabakoroni High grade satellite opportunity • 35 km south of Syama • Resource 780,000oz • 300,000oz oxide mining reserve • Mining to commence in March 2018 • High grade sulphide drilling intersections in 2017 • 30% of a 15 hole sulphide drilling program greater than 100gmm • Significant Underground
Slide 28: Ghana
Ghana 28
Slide 29: Bibiani Gold Mine Overview
Bibiani Gold Mine Overview Mining Rate 2.5Moz Total Resource* 1.2Mtpa 0.6Moz Total Reserve LOM >100koz Proposed Annual Production US$858/oz AISC US$72M Pre-production capex 5 Year 9 months Initial Mine Life Timeline to production * Includes upgraded Bibiani resource – see ASX Ann. 18 October 2017 29
Slide 30: Africa: the future is gold
ie Resolute Africa: - the future is
Slide 31: Exploration for growth
Exploration for growth Exploring to expand the business, not stay in business A$M Exploration Expenditure $40 Egypt $35 Mali Burkina Faso $30 Democratic Republic $25 of the Congo Côte d’Ivoire $20 $15 Tanzania Ghana $10 $5 $0 FY15 FY16 FY17 FY18 31
Slide 32: Invest in Resolute
Invest in Resolute Transformation enables bold ambition Resolute has mined more than 8 million ounces from 9 gold mines in Australia and Africa Operating expertise, build experience, and success in development Strongest balance sheet position in the Company’s history Large and growing resource base
Slide 33: Mine Gold. Create Value.
Mine Gold. Create Value. Scale Longevity Value 12yrs@ Syama P/NAV 5.3 Moz Reserves 13yrs @ Ravenswood 0.6 x Balance sheet Track Record Growth Nafolo ~$200M 28yrs 8Moz Cash, Bullion & Listed Investments producing & counting Bibiani Tabakaroni 33
Slide 34: Resolute: Africa's miner of the future
Resolute: Africa’s miner of the future ASX:RSG | www.rml.com.au