Resolute Mining Limited · ASX:RSG
Resolute Mining — Denver Gold Forum Americas 2025
15 slides from Resolute Mining's conference presentation, Sep 15, 2025
Slide 1: Gold Forum Americas September 2025
For personal use only Gold Forum Americas September 2025 ASX/LSE - RSG
Slide 2: Disclaimer
Disclaimer This presentation contains information about Resolute Mining Limited (Resolute or the Past performance information given in this presentation is for illustrative purposes only in this Quarterly that relates to the mineral resources of Resolute has been extracted Company) and its activitie
Slide 3: Resolute Overview
African-focused gold producer with strong organic growth profile Resolute Overview For personal use only Market Cap YTD Performance c. US$1 billion > 75% Mali Senegal Mako EBITDA Net Cash $211 million $110 million Syama (H1 2025) (at 30 June 2025) Mansala1 Guinea Doropo ABC HY25 Production HY25 AISC
Slide 4: Investment Highlights
Growing a geographically-diversified gold producer that rewards stakeholders Investment Highlights For personal use only ✺ Multi-Asset Producer – Up to 300koz of annual gold production from the Syama and Mako Operations ✺ Diversified Gold Portfolio – Assets across West Arica in Côte d’Ivoire, Senega
Slide 5: Organic Growth Profile
On pathway to grow annual production to over 500koz from 20281 Organic Growth Profile Areas for potential further growth: For personal use only Targeted growth with Doropo 700 Near-Term >500 koz • Existing Exploration 600 Perspectives Guidance 250-275 koz 500 koz pa Portfolio (ABC 275-300 koz 500 Pr
Slide 6: Syama Mine
Long-life, +200koz per annum producing gold mine Syama Mine For personal use only • An established mine complex with major organic growth potential Mali • Underground and open pit mining of sulphide and oxide ore with 4 Mtpa plant • H1 2025 gold production of 89.3koz at AISC of $1,972/oz Bamako • De
Slide 7: Mako Mine
Targeting to be +100koz asset from satellite deposits Mako Mine For personal use only • Currently processing stockpiles; expected gold production of 4-5koz Au per month through to end of 2027 Dakar Senegal • Progressing studies and permitting on Tomboronkoto and Bantaco satellite deposits which have
Slide 8: Doropo
The next phase of major organic growth Doropo Doropo Côte For personal use only • Doropo is a high-quality development project in NE Côte d’Ivoire d’Ivoire • Acquired from AngloGold Ashanti on 1 May 2025 for • $150 million cash consideration (staged payments) Abidjan • Contingent consideration over
Slide 9: Doropo Timeline
Project is being de-risked and optimised Doropo Timeline For personal use only • Updating the 2024 DFS with focus on larger resource base, diesel back- up power, review of the RAP and refresh of cost estimates • Mineral Resource Estimate updated to 4.4 Moz a 28% increase from the previous MRE • Stro
Slide 10: Exploration
Strong exploration pipeline underpins future growth profile Exploration Syama Production (Mali) For personal use only Mako (Senegal) • Annual exploration expenditure in excess of $20 million Doropo (Côte d’Ivoire) Development • ABC Project Tomboronkoto Bantaco o Acquired along with Doropo on 1 May 2
Slide 11: ESG Engagement
In 2024 Resolute remained a trusted and responsible partner ESG Engagement For personal use only Empowering Local Communities Fostering People & Culture • Zero reportable community incidents • TRIFR: 2.11, significantly below industry benchmark • Over $10 million in social development contributions
Slide 12: Financial Snapshot
Robust Balance Sheet supported by strong cash generation Financial Snapshot For personal use only Production and AISC EBITDA 200 $1,688/oz 1800 250 $1,509/oz $203m $211m $1,469/oz $1,442/oz 190 1600 180 200 1400 170 $116m 160 150 1200 150 1000 173 koz 140 100 167 koz $60m 154 koz 151 koz 130 800 120
Slide 13: Relative Peer Valuation Metrics
Compelling investment case on several metrics Relative Peer Valuation Metrics For personal use only P / NAV 2.04x 1.63x 1.30x 1.19x 1.04x 1.01x 1.01x 0.97x Median: 1.0x 0.74x 0.60x 0.48x 0.46x 0.36x Caledonia AngloGold PAF Perseus B2 Gold Fortuna Dundee Endeavour Galiano West African Allied Resolute
Slide 14: Looking Ahead
Multiple value-enhancing catalysts expected in the near term Strong organic growth pipeline across Looking Ahead multiple jurisdictions in West Africa For personal use only H2 2025 2026 2027 2028 • Ratify 2023 Mining Code for • Syama full potential study • Continued exploration of oxides and Syama •
Slide 15: Thank you
For personal use only Thank you Email: motoolehowes@resolutemining.com www.rml.com.au 15