Resolute Mining Limited — AGM Information 2009

Nov 23, 2009

ASX ANNOUNCEMENT

ANNUAL GENERAL MEETING

CHIEF EXECUTIVE OFFICER PRESENTATION

Attached is a copy of the Chief Executive Officer's presentation to be given at the

Company's Annual General Meeting today at 10.00 a.m. (Western Standard Time).

For and on behalf of the Board

GREG FITZGERALD Company Secretary

24 November 2009

A l G l M ti Annual General Meeting November 2009

Syama the bigg p er picture

AGM 20092

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DISCLAIMER

• This presentation includes certain statements, estimates and projections with respect to the future performances of Resolute Mining. Such statements, estimates and projections reflect various assumptions concerning anticipated results, which assumptions may prove not to be correct. The projections are merely estimates by Resolute Mining, of the anticipated future performance of Resolute Mining's business based on interpretations of existing circumstances and factual information and certain a circumstances, assumptions ssumptions of economic results which may prove to be economic results, prove to incorrect. Such projections and estimates are not necessarily indicative of future performance, which may be significantly less favourable than as reflected herein. Accordingly, no representations are made as to the fairness, accuracy, correctness or completeness of the information contained in this presentation including estimates or projections and such statements, estimates and projections should not be relied upon as indicative of future value, or as a guarantee of value of future results. This presentation does not constitute an offer, invitation or recommendation to subscribe for or purchase securities in Resolute Mining Limited.
• • The information in this presentation as it relates to ore reserves, mineral resources or mineralisation is reported in accordance with the Aus.IMM "Australian Code for reporting of Identified Mineral Resources and Ore Reserves" and is based on information compiled by T Brown and R Bray, competent persons as defined by the code. T Brown and R B h t d i iti t th i l i i thi t f th b b d th i f ti i th f Bray have consented in writing to the inclusion in this report of the numbers based on the information in the form and context in which it appears. "Significant" drill results refer to results that are indicative of potentially economic mineralisation or that warrant follow-up work. All Reserves Resources as at 30 June 2009
• • In providing this presentation, Resolute Mining has not considered the objectives, financial position or the needs of the recipient The recipient should obtain and rely on it recipient. rely its own financial advice from its tax legal accounting and other professional advisers in respect of the recipients objectives financial position and needs. To the maximum extent permitted by law neither Resolute Mining nor its related corporations ,directors, employees or agents nor any other person accepts liability for any loss arising from the use of this presentation or its contents or otherwise arising in connection with it. You represent and confirm by attending and or retaining this presentation that you accept the above conditions.

INTRODUCTION

• •Major Asset of Resolute ( Resolute 80%, Mali Govt 20%)
• •Located in southern Mali
• •Over 6 million ounces in Reserves and Resources
• •Production of 250,000+ ozs pa @ US$480/oz
• •Potential for 10+ Year Operation
• •Emerging gold belt

HISTORY

• •Ore Carbonaceous/Refractory
• •Roasting Required For Gold Recovery
• •Previous Operators Developed "Whole Of Ore" Roast
• •Placed on Care and Maintenance in 2001
• •Resolute Acquired Project in 2003
• •US$186m to Redevelop
• •Ramp Up Commenced June 2009

AGM 20095

RESOLUTE CIRCUIT

MINE

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• •Reserves 2.0Mozs
• •LOM Grade 3 3g/t 3.3g/t
• •LOM Strip Ratio 5:1
• •Cut back ~12 Months Remain
• • Waste Volumes Drop, Ore Mining Volumes Increase
• • Sulphur and Carbon Distribution Important

AGM 20097

PLANT

• •Treatment Circuit Validated
• •Commissioning Ramp Up Phase
• • Gold Production
  • –June Q 10,536 ozs
  • –Sep e be Q tember 14,6 6 o s 1 z
  • –October 6,665 ozs
• • Mechanical Issues Resolved in Oct Shutdown
• •Throughput Target 2.4 Mtpa
• • Plant Optimisation Over Next 12 Months

ENVIRONMENT

• •World Bank Standards Targeted
• •Wide Monitoring of Emissions
• •Planning for Legacy issues
• •Nursery Established

COMMUNITY RELATIONS

• • Community Consultative Committee Has Broad R i l R t tiRegional Representation
• •Health Survey
• •Improvements to Community Infrastructure
• •Programs for Sustainable Projects

FURTHER VALUE ADD

• •Near Plant Oxide Resources
• • U d dRn erground Resources
• •Grid Power Connection
• •Exploration

NEAR PLANT OXIDE

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UNDERGROUND

• •Underground Resource +3.0m ozs
• •Decline From Pit
• • 2007 Scoping Study Shows Positive Result to 100m Below Pit
• • Infill Drilling For Resource Upgrade and Stope Design

GRID POWER CONNECTION

• • West African Power Pool Interconnection with Cote d'Ivoire
• •Passes ~50km from Syama
• • Current Diesel Power GenerationGenerationCosts ~1/3 of Cash Costs
• • Connection Can Substantially Reduce Costs
• •Significant For Syama Underground
• •Advance Over Next 2 years

EXPLORATION

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• •Located in prolific West African Birimian Greenstone Belt
• • Tenure covers ~ 75 km of the hig yp p hl rospective and under explored Syama Shear
• • Resolute exploration delineated over 1.3M ounces at a discovery cost ~ US$5 per ounce ounce.
• • Step up in drilling of numerous zones of gold mineralisation identified north and south of the Syama Mine including the recently discovered Tellem deposit
• • Actively pursuing permits over prospective structures within trucking distance of mill
• •Tabakoroni Feasibility due to be completed Dec 09

IMPACT ON RESOLUTE

• • Significant Long Term Production Asset
• • Lift Group Annual Production to 500,000 oz
• • Near Term Real Value Add Opportunities
• • Established Base in West Africa