Slide 1: Q2 2024 Activities Report
29 July 2024 Q2 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 (Global) (2024 guidance) Listed on ASX and LSE, a
Slide 4: Q2 2024 Highlights
Q2 2024 Highlights Continued healthy cash flows drive net cash position higher Operations AISC Cash Flow Gold production of 90,787oz, 19% higher Q2 cash flow of $47m (Q1 2024: $26m) after Group AISC1 of $1,402/oz a 6% reduction capital expenditure and exploration before QoQ, with both operations per
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 Strong Quarter at both Sulphide and Oxide Operations Sulphide Operation June March June Q2 tonnage and grades from the underground were in line with expectations Summary Units 2024 2024 Change 2023 Quarter Quarter Quarter Tonnes milled 19% higher than Q1 as plant ava
Slide 8: Syama Sulphide Conversion Project
Syama Sulphide Conversion Project Project progressing on plan SSCP is progressing well and has an LTI-free status with approximately 76,500 person-hours worked until the end of June 2024 Most of the earth and civil works engineering and design works are complete, with minor items outstanding. St
Slide 9: Mako Operational Highlights
Mako Operational Highlights Costs expected to continue to decrease for remainder of 2024 Operational Highlights June March June Ore mined increased by over 100% in the quarter from 528 kt to 1,065 kt Summary Units 2024 2024 Change 2023 driven by accelerated mining in preparation for the rainy seas
Slide 10: Group Exploration Q2 Update
Group Exploration Q2 Update Drilling continued at Tomboronkoto and commenced at Bantaco Total exploration expenditure in Q2 was $7.6 million, with drilling programs continuing in Senegal, Mali and Guinea throughout the Quarter $5.7 million of capital mainly focused on drilling at Syama North Sul
Slide 11: Financials
Financials See
Slide 12: Financial Results
Financial Results Strong cash flow generation with more to come in the second half of 2024 Quarterly Production and AISC Q2 Financial Highlights Ounces AISC $/oz Quarterly gold sales of 88,321oz (vs 69,000oz in Q1 2024) at an average sales price of $2,342/oz (vs $1,950/oz in Q1 2024) with all gold
Slide 13: Financial Highlights
Financial Highlights Net cash position building rapidly due to operational cash flows Cash Flow Waterfall Strong H1 2024 operating cashflow of $127m (H1 2023: $78m) H1 2024 capital expenditure of $44.3m (H1 2023: $36.7m) H1 2024 exploration capital and operational expenditure of $9.9m (H1 2023
Slide 14: www.rml.com.au
Resolute www.rmi.com.au