Slide 1: Transforming world class gold assets into an outstanding business
For personal use only Transforming world class gold assets into an outstanding business Diggers & Dealers – Wednesday, 3 August 2016
Slide 2: Resolute is a global gold producer, explorer, developer and innovator
For personal use only Resolute is a global gold producer, explorer, developer and innovator. 2
Slide 3: Investment Highlights
For personal use only Investment Highlights • Two high margin operating gold mines and a longer term development project • Currently operating the 250koz Syama Gold Mine in Mali and the 100koz+ Ravenswood Gold Mine in Queensland, Australia • Bibiani Gold Project in Ghana provides longer term growth
Slide 4: 7Moz over years' continuous gold production and counting
7Moz over 25 years’ continuous For personal use only gold production and counting… 8,000,000 7,000,000 Syama 6,000,000 Ravenswood ounces 5,000,000 Golden Pride 4,000,000 Obotan Bullabulling 3,000,000 Chalice Experience 2,000,000 Marymia Southern Cross 1,000,000 Higginsville Expertise 0 1993 1994 199
Slide 5: New Executive Team leading a high performance culture
New Executive Team leading a For personal use only high performance culture Peter Beilby Greg Fitzgerald Chief Operating Officer Chief Financial Officer David Kelly Bruce Mowat GM - Corporate Strategy GM - Exploration John Welborn Managing Director & CEO Paul Henharen Vanessa Hughes GM - Project Del
Slide 6: Transformation
For personal use only Transformation Balance sheet strengthened Record Net all senior and secured Profit FY16 debt repaid Developing long mine life Applying our operational operations expertise globally at our existing projects 6
Slide 7: Transformation: Record Net Profit FY16
For personal use only Transformation: Record Net Profit FY16 A$213 million 7
Slide 8: Transformation: Balance sheet strengthened
For personal use only Transformation: Balance sheet strengthened 2015 2016 Secured Debt / Convertible Notes A$89m 0 Cash & Bullion A$54m A$102m Net Cash/(debt) A$-64m A$75m Gross Operating Cash Flows A$162m A$229m 8
Slide 9: Transformation: Developing long mine life operations
For personal use only Transformation: Developing long mine life operations Syama DFS Bibiani FS Ravenswood FS 12+ years Confirms pathway to production Targeting a 10 year extension project 9
Slide 10: Transformation: Applying our operational expertise globally
For personal use only Transformation: Applying our operational expertise globally • Mt Wright success ► Syama development • Syama: “Mine of the future” • Bibiani: a viable pathway to production • Ravenswood: open pit mining recommencing 10
Slide 11: Transformation: net profit, share price, market cap
For personal use only Transformation ASX: RSG Net Profit Share Price Market Cap 2016 2016 2016 $213m $1.84 $1.2Bn 2015 2015 2015 -$569m $0.24 $154m 11
Slide 12: Peer Benchmarking
For personal use only Roxgold 656 Northern Star 1,628 Notes: Source: Northern Star 377 Roxgold 940 Evolution 315 Regis 890 Centamin 300 Saracen 889 SEMAFO 290 Evolution 753 Regis 236 SEMAFO 748 (1) Resource inclusive of reserve. B2Gold 217 Centamin 675 OceanaGold 198 B2Gold 571 St. Barbara 178 Ocean
Slide 13: Transformation continues
For personal use only Transformation continues Prioritising Diversifying our shareholder returns production base Ambition to be producing Reducing All-in-Sustaining Costs (AISC) >450kozpa through innovation from 3 operations by 2020 13
Slide 14: Syama Gold Mine Key Statistics
Syama For personal use only Gold Mine Key Statistics Commissioned 2009 Production Guidance FY17 204koz A$1,221/oz AISC Guidance FY17 US$891/oz Mine life Beyond 2028 Total Reserves 3.5Moz 14 Total Resources 3.2Moz
Slide 15: Current operations at Syama
For personal use only Current operations at Syama Oxide Circuit • Completed in FY15 below budget and ahead of schedule • Operating at ~1.3Mtpa throughput, ~80,000ozpa • Oxide ore bodies optimization program • Significant further Satellite ore body potential Sulphide Circuit • Ore Stockpile of ~5 mil
Slide 16: Going underground at Syama
Going underground at Syama: For personal use only developing a robust, long life flagship gold mine. Life of U/G Mine All-in-Sustaining-Cost US$881 Initial 12 year per ounce Operating life Pre-production capital of US$95 million fully funded 16
Slide 17: Syama: a robust, long life flagship mine
Syama: a robust, long life For personal use only flagship mine 12 Years and Growing Mine of the Future 17
Slide 18: Syama: building on the success of Mt Wright
Syama: building on the For personal use only success of Mt Wright Characteristics Mt Wright Syama UG Oz/vertical metre 2,400oz/v metre 6,300oz/v metre Tonne of stope ore/metre of development 318t/m of total development 343t/m of total development Vertical advance per year 51mpa LoM average 39mpa LoM
Slide 19: Syama: Community Support
For personal use only Syama: Community Support Health Education Water Sustainability • Building & refurbishing • Building schools • Solar powered pumps • Potential connection of Clinics • Training & development and water supply tank- Fourou to National Grid • Training community of mine employees tow
Slide 20: Ravenswood Gold Mine Key Statistics
For personal use only Ravenswood Gold Mine Key Statistics Acquired 2004 Production Guidance FY17 96koz A$ 1,344/oz AISC Guidance FY17 US$981/oz Total Reserves 1.3Moz 20 Total Resources 3.0Moz
Slide 21: Mt Wright: a world leading operation
For personal use only Mt Wright: a world leading operation • Excellent operating history at Mt Wright • World first mining approach – sub-level shrink stoping with fill • Highly productive, low cost extraction of 2-3g/t deposit • Learnings to be applied in Resolute's global operations 21
Slide 22: Ravenswood Extension Project: a strong future beyond Mt Wright
Ravenswood Extension Project: For personal use only a strong future beyond Mt Wright. Sarsfield Buck Reef West 1.2Moz Reserve & 1.2Moz Resource 1.3Moz Resource Targeting a 10+ year Nolans East 71koz Reserve Extension Project 22
Slide 23: Ravenswood Extension Project: The key deposits
Ravenswood Extension Project: For personal use only The key deposits Mt Wright 10km 5Mtpa Mill Capacity Feasibility Study Pending 23
Slide 24: Ravenswood: Sarsfield
For personal use only Ravenswood: Sarsfield • Reserves: 47.1Mt @ 0.8g/t (1.17Moz) • Resources: 58.8Mt @ 0.7g/t (1.36Moz) • Majority of drilling < 400m. • Further potential: Ø At depth and to north-east of pit Ø Along strike of Buck Reef Fault Ø Possible post-mineralisation fault offsets (e.g. BRW) S
Slide 25: Ravenswood: Buck Reef West
For personal use only Ravenswood: Buck Reef West • Resources: 41.8Mt @ 1.0g/t (1.28Moz) • High grade at intersection with quartz- sulphide lodes. • East dip / north-east plunge to mineralisation. • Depth extension offset by late faults. • Further potential: Ø Buck Reef Deeps (U/G resource) Ø Along s
Slide 26: Bibiani Gold Project Key Statistics
Bibiani For personal use only Gold Project Key Statistics Feasibility Study Completed June 2016 Mining Rate 1.2Mtpa Mining Grade 3.7g/t Annual Production >100koz AISC US$858/oz Total Reserves 0.7Moz Total Resources 1.7Moz 26
Slide 27: Bibiani: Feasibility Study confirms viable pathway to production
Bibiani: Feasibility Study confirms For personal use only viable pathway to production. Initial Ore Reserve of Life of Mine All-in-Sustaining-Cost 5.4Mt @ 3.7g/t US$858/oz containing per ounce 640,000oz of gold Pre-production capital of US$72 million 9 month timeline to production
Slide 28: Bibiani: upside
For personal use only Bibiani: upside • A substantial gold deposit: Ø Production to date of ~4Moz Ø 1.7Moz Total Resource • Inferred Resource of 4.5Mt @ 4.1g/t • Potential to convert to Indicated with further drilling • Inferred Resources can be accessed from planned decline – very little additional
Slide 29: High value exploration portfolio
For personal use only High value exploration portfolio FY17 Exploration Budget A$19M • Highly prospective, underexplored tenure spread across Mali, Cote d’Ivoire, Tanzania and Australia • Strong balance sheet enables renewed exploration focus to unlock value and add exploration premium • Multiple hi
Slide 30: Resolute: Years in Africa
For personal use only Resolute: 20 Years in Africa Exploring, Developing, Operating & Rehabilitating Mines 30
Slide 31: Golden Pride 1996 to 2014
Golden Pride For personal use only 1996 to 2014 Purchased Exploration Portfolio Defined a mineable resource Completed Feasibility Study Constructed the first modern gold mine in Tanzania Produced 2.2 Moz gold over a 15 year mine life Generated net cash flows of US$211m Completed award winning enviro
Slide 32: An abundance of natural resources
For personal use only An abundance of natural resources Each kilometre of African soil holds just $25,000 of proven assets compared to $125,000 in the developed world. The gap isn’t evidence of Africa’s lower reserves, though, but a sign of how little of it has been surveyed. 32 The Wall Street Jour
Slide 33: Invest in Resolute
For personal use only Invest in Resolute • Large Reserve & Resource inventory • Operational expertise earned through 25+ years experience • Strong Balance Sheet and ongoing operational cash flow generation • New Executive Team leading cultural and performance transformation • Organic production grow
Slide 34: Competent Person Statement and Forward Looking Statements
For personal use only Competent Person Statement and Forward Looking Statements This presentation includes certain statements, estimates and projections with respect to the future performances of Resolute. Such statements, estimates and projections reflect various assumptions concerning anticipated
Slide 35: For personal use only
For personal use only ASX:RSG | www.rml.com.au