Slide 1: Q1 2024 Activities Report
30 April 2024 Q1 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: 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: Q1 2024 Highlights
Q1 2024 Highlights Continued healthy cash flows drive net cash position further Operations AISC Cash Flow Group AISC1 of $1,487/oz despite the lower Q1 operating cash flow after working Production of 76,351oz, 5% lower QoQ, due expected gold production capital changes of $62m (Q4 2023: $30m) to sche
Slide 5: 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 Oxide Plant Production Growth Conversion & Mako mine life extension 700 2000 Medium to lon
Slide 6: Operational Overview
Operational Overview 6
Slide 7: Syama Operational Highlights
Syama Operational Highlights Scheduled maintenance meant a softer Quarter was expected Sulphide Operation March December March Ore mined was 3% lower than the prior Quarter but at a 5% higher grade as Summary Units 2024 2023 Change 2023 production stopes were in higher-grade zones that had started
Slide 8: Mako Operational Highlights
Mako Operational Highlights Stable Q1 with production to strengthen over subsequent quarters Operational Highlights March December March Summary Units 2024 2023 Change 2023 Ore tonnes mined and mined grade was slightly below the prior Quarter Quarter Quarter Quarter and in line with expectations
Slide 9: Senegal Exploration Update
Senegal Exploration Update Drilling ramped up at Tomboronkoto and set to commence at Bantaco Tomboronkoto (16km east of Mako): On 24 January 2024 an initial 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) was announced with a majority
Slide 10: Guinea Exploration Update
Guinea Exploration Update An initial MRE for Mansala expected in H2 2024 Resolute has five permits in Guinea located along the margin of the Siguiri Basin Diamond and Reverse Circulation drilling continued at the Mansala Prospect throughout Q1 A program of RC drilling was carried out in conjunct
Slide 11: Financials
Financials See
Slide 12: Financial Results
Financial Results Strong cash flow generation with more to come in 2024 Quarterly Production and AISC Q1 Financial Highlights Ounces AISC $/oz Quarterly gold sales of 69,000oz (vs 79,480oz in Q4 2023) at an 100,000 1,600 average sales price of $1,950/oz (vs $1,954/oz in Q4 2023) as 90,000 84,372 1
Slide 13: Financial Highlights
Financial Highlights Another Quarter of strong cash flows, net cash position increasing Cash Flow Waterfall Resolute is now fully un-hedged During the March Quarter Net Cash increased by approximately $20m to $34m (Q4 2023: $14m) Final $25m repayment made on the Term Loan Facility leaving Resolu
Slide 14: www.rml.com.au
Resolute www.rmi.com.au