Resolute Mining Limited · ASX:RSG
Resolute Mining — Mines and Money 2022
19 slides from Resolute Mining's conference presentation, Dec 1, 2022
Slide 1: Mines and Money Presentation
For personal use only Mines and Money Presentation Terry Holohan – Managing Director and CEO 30 November 2022 www.rml.com.au ASX/LSE - RSG 1
Slide 2: For personal use only
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: Capital structure
Capital structure For personal use only Capital Structure Current Current Share Register as at 4 November 20221 Share price1 US$ 0.12 1 ICM Limited 10.7% Shares outstanding2 m 1,704 Market Capitalisation US$m 209 2 Baker Steel Capital Managers LLP 6.6% Net debt3 US$m 45 3 Dimensional Fund Advisors L
Slide 4: Reset - back to Operations for Growth
18 month Reset - 'back to 101 Operations' for Growth For personal use only Refreshed • New C-Suite: MD & CEO Terry Holohan, CFO Doug Warden and COO Geoff Montgomery management team Demonstrated • 4 consecutive quarters of incremental production growth to profitability operational o UG grades improve
Slide 5: Sustainability initiatives
Sustainability initiatives For personal use only • Total Recordable Injury Frequency Rate at the end of October 2022 reduced to 0.72 • 1,360 days LTI-free at Syama • Updates to environmental approvals support future growth initiatives at Syama • ISO:45001 and ISO:14001 certification planned for Q4 2
Slide 6: Conservation - Niokolo-Koba National Park, Senegal
Conservation - Niokolo-Koba National Park, Senegal For personal use only Growth trends observed for critically endangered wildlife in >1 Mha UNESCO park o Lion o Leopard o Chimpanzee o Elephant 6
Slide 7: WGC - Responsible Gold Mining Principles
WGC - Responsible Gold Mining Principles For personal use only 2022 Progress against the 10 Responsible Gold Mining Principles 100 80 60 40 20 - Ethical Understanding Supply Safety & Human Rights Labour Working Environmental Biodiversity, Water, Energy Aggregate Conduct our Impacts Chain Health & Co
Slide 8: Resolute Portfolio
Resolute Portfolio For personal use only Syama Mako Conventional open pit Long-life asset over >85km mining and processing Description of strike in a highly operations with near mine prospective gold region potential Mineral Resources2 8.7Moz1 0.8Moz Ore Reserves2 3.4Moz 0.7koz Oxide Plant Capacity
Slide 9: Consistent Production Improvement
Consistent Production Improvement For personal use only Gold Production & AISC Q3 2021 – Q3 2022 Q3 22 reflects: Ounces ASIC/oz • 4 consecutive quarters of incremental 100,000 2,000 production growth to Q3 22 90,000 1,800 80,000 1,600 • 29% increase in Syama Sulphide production 33,649 31,765 70,000
Slide 10: Reset performance from Syama Sulphide
Reset performance from Syama Sulphide For personal use only Roaster Tonnes1 60,000 Sulphide Operations performance 50,000 since Q1 22 shutdown: Roaster Tonnes (kt) 40,000 30,000 • Processing Grade >2.5g/t since shutdown in Q1 22 20,000 10,000 • Record tonnes roasted of 52kt achieved in Q3 22 - Q1 20
Slide 11: 29% increase in Sulphide Gold production since Q1 Roaster shut
29% increase in Sulphide Gold production since Q1 22 Roaster shut1 Significant improvement in availability and throughput since April 2022 For personal use only Sulphide Circuit Physicals Daily Average Sulphide Gold Production Post Roaster shut Ounces Pre-Roaster shut 29% increase in Sulphide April
Slide 12: Exploration - Syama
Exploration - Syama Syama Greenstone Belt For personal use only • Resolute controls the entire 85km strike length of the Syama Greenstone Belt ‒ Highly endowed gold belt with total Mineral Resources of 8.7 Moz1 ‒ Ore Reserves of 3.4 Moz ‒ Production of 2.5 Moz since acquired by Resolute in 2004 ‒ Ve
Slide 13: Syama North 20Mt @ 3.1g/t Au
Syama North 20Mt @ 3.1g/t Au for 2 Moz (surface to 150m) For personal use only A21 Pit Quartz Vein Hill Pit 1201800N 1200850N 13
Slide 14: Exploration - Syama North
Exploration - Syama North For personal use only Latest Mineral Resource a 40% increase1 • Updated Mineral Resource Estimate for Syama North increases to 2 Moz at a cut-off grade of 1 g/t Au • Recent Syama North drilling results over 3 km of strike, detailed below: QVRD557 - 20m @ 9.80g/t from 133m Q
Slide 15: Syama North Expansion Potential
Syama North Expansion Potential For personal use only Syama North Updated Mineral Resource Estimate • 40% increase in Syama North Resource and grade confirmed potential for a new open pit mine adjacent to the Syama processing complex1 • Updated Resource is currently being used to inform a PFS (due Q
Slide 16: Exploration - Mako
Exploration - Mako Near mine exploration focus to support the For personal use only capital investment in the operation Mako • Several near-mine targets on Mine Lease • Mako NW target, soil anomaly parallel to Mako mine Laminia JV • Recently signed JV on Laminia permit located 15km from Mako • Outcr
Slide 17: Group Forecast Production Update
Group Forecast Production Update For personal use only • Syama North Expansion prioritised over Tabakoroni underground which is located ~35km south of the Syama processing plant • Sulphide gold production for 2023 and 2024 is expected to average around 160,000 to 165,000 ounces per annum Syama Sulph
Slide 18: 2022 Guidance
2022 Guidance For personal use only Production and AISC • 345,000oz at an AISC of $1,425/oz 2022 Capex • Sustaining capex included in AISC: $63m o $34m capitalised stripping costs (Mako: $22m; Syama: $12m) o $16m in tailings storage and several minor sustaining capex projects • Non-sustaining capex:
Slide 19: Contact
For personal use only Contact James Virgo GM – Finance and IR www.rml.com.au Email: contact@rml.com.au Phone: +61 8 9261 6100 19