Resolute Mining Limited — AGM Information 2010

Nov 29, 2010

==> picture [563 x 80] intentionally omitted <==

----- Start of picture text -----

ASX
----- End of picture text -----

==> picture [563 x 79] intentionally omitted <==

----- Start of picture text -----

Announcement
ACN 097 088 689
30 NOVEMBER 2010 1
----- End of picture text -----

CHIEF EXECUTIVE OFFICER’S PRESENTATION AT ANNUAL GENERAL MEETING

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

==> picture [42 x 64] intentionally omitted <==

GREG FITZGERALD Company Secretary

Resolute Mining Limited 4th Floor, The BGC Centre, 28 The Esplanade, Perth, Western Australia 6000 Telephone: + 61 8 9261 6100 Facsimile: + 61 8 9322 7597 E-mail: contact@rml.com.au www.rml.com.au

==> picture [721 x 68] intentionally omitted <==

==> picture [721 x 69] intentionally omitted <==

----- Start of picture text -----

ANNUAL GENERAL MEETING
30 November 2010
----- End of picture text -----

==> picture [721 x 68] intentionally omitted <==

Organic Value Add Opportunities

==> picture [721 x 68] intentionally omitted <==

==> picture [721 x 69] intentionally omitted <==

==> picture [721 x 68] intentionally omitted <==

==> picture [721 x 69] intentionally omitted <==

==> picture [721 x 68] intentionally omitted <==

==> picture [721 x 61] intentionally omitted <==

----- Start of picture text -----

GOLD CREDENTIALS
----- End of picture text -----

==> picture [152 x 34] intentionally omitted <==

==> picture [152 x 69] intentionally omitted <==

==> picture [152 x 46] intentionally omitted <==

• Production: est 380,000ozs FY11 352,303 ozs FY10 Diversified , 3 Operations

• 2[nd] Largest on ASX Unhedged

• Reserves: 2.5m ozs Total All Resources: 9.4m ozs

2.5m ozs*

==> picture [151 x 69] intentionally omitted <==

==> picture [151 x 46] intentionally omitted <==

• Development: Extensive Portfolio of Value Add Projects Resource - Reserve Conversion Advanced Pro j ects

Large West African Footprint Improved Prospects in Australia Opportunities in Tanzania

• Exploration:

==> picture [721 x 68] intentionally omitted <==

==> picture [721 x 61] intentionally omitted <==

----- Start of picture text -----

CASH RETURNS
----- End of picture text -----

• Solid Production Profile

==> picture [235 x 249] intentionally omitted <==

----- Start of picture text -----

500
450
400
350
300
250
200
150
100
50
0
2009 2010 2011 2012
(A) (A) (F) (F)
Syama
Mt Wight
Sarsfield
Golden Pride
----- End of picture text -----

• Falling Cash Cost

• Strong Cash Generation

• Significant Liability Reduction to Dec 11

• Secured Debt Repayments to Dec 11 US$30m and A$50m

• Potential Con Note Conversion Dec 11 $75m

• – Potential Option Exercise Dec 11 $33m

• Strong Base for Growth

• M&A

• – Organic

==> picture [721 x 68] intentionally omitted <==

==> picture [721 x 61] intentionally omitted <==

----- Start of picture text -----

SYAMA
----- End of picture text -----

• Operation is Basis of Major West African Position

==> picture [384 x 35] intentionally omitted <==

==> picture [384 x 68] intentionally omitted <==

==> picture [384 x 69] intentionally omitted <==

==> picture [384 x 19] intentionally omitted <==

• Production Ramp Up Making Good Progress

• Considerable Reserve/Resource G rowt h P otent a i l

• Control of Extensive Tenure Covering M R i l St ruc ure t a or eg ona j

• High Level Strategic Planning To Optimise Value

==> picture [721 x 68] intentionally omitted <==

==> picture [721 x 61] intentionally omitted <==

----- Start of picture text -----

SYAMA DEPTH EXTENSION
----- End of picture text -----

==> picture [721 x 68] intentionally omitted <==

==> picture [335 x 69] intentionally omitted <==

• Resource Of +3.0 Million ozs Below Current Pit Design

==> picture [335 x 63] intentionally omitted <==

• Current Pit Design Based on US$900/oz

==> picture [278 x 35] intentionally omitted <==

• Optimal Open Pit to Underground Cut Over Point Being Re-evaluated

==> picture [278 x 34] intentionally omitted <==

==> picture [278 x 35] intentionally omitted <==

• Ore Body Open at Depth

==> picture [278 x 34] intentionally omitted <==

==> picture [721 x 69] intentionally omitted <==

==> picture [721 x 68] intentionally omitted <==

==> picture [721 x 61] intentionally omitted <==

----- Start of picture text -----

SYAMA NEAR PLANT OXIDE ORE
----- End of picture text -----

==> picture [239 x 63] intentionally omitted <==

==> picture [239 x 69] intentionally omitted <==

==> picture [239 x 68] intentionally omitted <==

==> picture [239 x 69] intentionally omitted <==

==> picture [239 x 68] intentionally omitted <==

==> picture [239 x 54] intentionally omitted <==

A21 - Quartz Vein Hill Oxide mineralisation over 6 km • Resources of +1.0 Million ozs A21/QVH 601K oz Outlined Along Strike North and resource South of Main Pit Alpha/Syama Extension

• Direct Leach Ore To Support Increased Plant Capacity

Alpha 101K oz resource Syama Ext 162K oz resource

Review of Operational Flexibility With Existing Plant to Treat Direct Leach Ore

Main Pit

Tellem - Paysans 12 km of unexplored strike Tellem 165K oz resource

==> picture [721 x 68] intentionally omitted <==

==> picture [721 x 61] intentionally omitted <==

----- Start of picture text -----

SYAMA NORTH EXPLORATION
----- End of picture text -----

==> picture [272 x 8] intentionally omitted <==

==> picture [721 x 68] intentionally omitted <==

A21/Quartz e n V i Hill : I n fill an d ex ens on t i RC d r illi ng on 50m traverses

==> picture [272 x 69] intentionally omitted <==

Initial resource of 601,000oz @ 2.5g/t Au

==> picture [272 x 68] intentionally omitted <==

Alpha : Infill and extension RC drilling on 50m traverses.

Initial resource of 101 , 000oz @ 1.8 g /t Au

==> picture [272 x 69] intentionally omitted <==

Syama Extended : Infill and extension RC drilling on 50m traverses

Initial resource of 162 , 000oz @ 2 . 5g/t Au Other Targets: Untested extensions to QVH/A21, B a 01 an d S amory, All U n es e t t d b e ow l 100 m

==> picture [272 x 68] intentionally omitted <==

==> picture [272 x 54] intentionally omitted <==

==> picture [721 x 68] intentionally omitted <==

==> picture [721 x 61] intentionally omitted <==

----- Start of picture text -----

SYAMA SOUTH EXPLORATION
----- End of picture text -----

==> picture [263 x 63] intentionally omitted <==

==> picture [263 x 69] intentionally omitted <==

==> picture [263 x 68] intentionally omitted <==

==> picture [263 x 69] intentionally omitted <==

==> picture [263 x 68] intentionally omitted <==

==> picture [263 x 52] intentionally omitted <==

Tellem : RC drilling on 50-100m traverses.Continuous mineralisation over 4000m – Open along strike

Initial resource of 165,000oz @ 2.5g/t Au

Paysans: Broad spaced (200m) aircore traverses. Continuous mineralisation over 1400m. Open along strike .

Senufo-Salikou: Broad spaced (200-600m) aircore traverses. Continuous mineralisation over 1000m. O pen a ong s r l t ik e.

Other Targets: 12km of underexplored strike rema ns to e teste i b d , All U nteste d b e ow l 100 m

==> picture [721 x 68] intentionally omitted <==

==> picture [721 x 61] intentionally omitted <==

----- Start of picture text -----

SYAMA GRID POWER CONNECTION
----- End of picture text -----

==> picture [186 x 8] intentionally omitted <==

==> picture [186 x 68] intentionally omitted <==

==> picture [186 x 69] intentionally omitted <==

==> picture [332 x 28] intentionally omitted <==

==> picture [332 x 69] intentionally omitted <==

==> picture [332 x 68] intentionally omitted <==

==> picture [332 x 53] intentionally omitted <==

• West African Power Pool Interconnection with Cote d ’ Ivoire

• Grid to be Commissioned in Sikasso early 2011

• Current Diesel Power Generation Costs ~1/3 of Cash Costs

• Connection will Substantially Reduce Costs

• Feasibility Study Completion Due December Q 2010

Sikasso Substation Progress July 2010 – 80% completed

==> picture [721 x 68] intentionally omitted <==

==> picture [721 x 61] intentionally omitted <==

----- Start of picture text -----

SYAMA REGIONAL EXPLORATION
----- End of picture text -----

==> picture [428 x 52] intentionally omitted <==

• Located in Prolific West African Birimian Greenstone Belt

• • Tenure Covers ~ 75 km of the Highly Prospective and Under Explored Syama Shear

• • Activel Pursuin Other Nearb y g y

• Prospective Tenure

==> picture [428 x 69] intentionally omitted <==

==> picture [428 x 68] intentionally omitted <==

==> picture [428 x 69] intentionally omitted <==

Tabakoroni Feasibilit Submitted y in July 2010. Awaiting Approval of Exploitation Permit

==> picture [428 x 68] intentionally omitted <==

==> picture [721 x 69] intentionally omitted <==

==> picture [721 x 68] intentionally omitted <==

==> picture [721 x 61] intentionally omitted <==

----- Start of picture text -----

COTE D IVOIRE EXPLORATION
----- End of picture text -----

==> picture [409 x 52] intentionally omitted <==

• Focus on the Under Explored World Class Birimian Terrains of West Africa

==> picture [409 x 69] intentionally omitted <==

• ~10 , 000 s q km of Permits Coverin g over 200km of Greenstone Belts NE of Bonikro Gold Mine

==> picture [409 x 68] intentionally omitted <==

==> picture [409 x 69] intentionally omitted <==

• Broad Scale 1km x1km Multi Element Sampling Targeting Large Scale Deposits

==> picture [409 x 68] intentionally omitted <==

• Ten High Priority Multi Element Soil Anomalies Delineated

==> picture [721 x 69] intentionally omitted <==

==> picture [721 x 68] intentionally omitted <==

==> picture [721 x 61] intentionally omitted <==

----- Start of picture text -----

MOUNT WRIGHT
----- End of picture text -----

==> picture [721 x 68] intentionally omitted <==

==> picture [256 x 69] intentionally omitted <==

• Reserve Additions with Infill Drilling from 720mRL to 600mRL

==> picture [256 x 68] intentionally omitted <==

• Completes Conversion of Resource to Reserve on Developed Ore Body

==> picture [256 x 69] intentionally omitted <==

• Further Testing for Depth Extension (600mRL to 300mRL) to Commence.

==> picture [256 x 68] intentionally omitted <==

• Adjacent Granite Breccia Prospective

==> picture [721 x 69] intentionally omitted <==

==> picture [721 x 68] intentionally omitted <==

==> picture [721 x 61] intentionally omitted <==

----- Start of picture text -----

WELCOME BRECCIA
----- End of picture text -----

==> picture [262 x 41] intentionally omitted <==

• New Discovery Near Ravenswood Plant

==> picture [262 x 69] intentionally omitted <==

• WED003 Intersected a Spectacular 113m @ 7.7g/t Au from 316m

==> picture [262 x 68] intentionally omitted <==

• Mineralisation is Plunging Steeply and Remains Open at Depth.

==> picture [262 x 69] intentionally omitted <==

• Diamond Drilling to Test Extent is Ongoing

• Welcome Breccia the First of Five Mt Wright Style Targets to be Tested in the District

==> picture [262 x 68] intentionally omitted <==

==> picture [721 x 69] intentionally omitted <==

==> picture [721 x 68] intentionally omitted <==

==> picture [721 x 61] intentionally omitted <==

----- Start of picture text -----

SARSFIELD OPEN PIT
----- End of picture text -----

==> picture [400 x 23] intentionally omitted <==

==> picture [400 x 69] intentionally omitted <==

==> picture [400 x 68] intentionally omitted <==

==> picture [400 x 69] intentionally omitted <==

==> picture [400 x 49] intentionally omitted <==

• Minin g Ceased in Earl y 2009 , Pit Designed at A$800/oz

• Resources of 860,000oz Remained Below the Pit

Pit Optimisations at A$1300/oz Indicate a Significant Portion Report to a Pit

• S cop ng tu i S d y to ssess otent a A P i l f or Reopening Pit has Commenced and Completion Due in December Q 2010

==> picture [721 x 69] intentionally omitted <==

==> picture [721 x 68] intentionally omitted <==

==> picture [721 x 61] intentionally omitted <==

----- Start of picture text -----

GOLDEN PRIDE
----- End of picture text -----

==> picture [619 x 8] intentionally omitted <==

==> picture [619 x 68] intentionally omitted <==

==> picture [619 x 69] intentionally omitted <==

==> picture [619 x 68] intentionally omitted <==

==> picture [619 x 69] intentionally omitted <==

==> picture [619 x 28] intentionally omitted <==

• Incremental Reserve Additions of ~50 , 000 ounces at Ma j i / Southern Oxides

• Assessments of Terry’s Target , ATM and Far East Ongoing

==> picture [721 x 68] intentionally omitted <==

==> picture [721 x 61] intentionally omitted <==

----- Start of picture text -----

NYAKAFURU/BUCKREEF TENDER
----- End of picture text -----

==> picture [392 x 120] intentionally omitted <==

----- Start of picture text -----

Buckreef
----- End of picture text -----

Nyakafuru

==> picture [392 x 69] intentionally omitted <==

==> picture [392 x 37] intentionally omitted <==

• Submission for Acquisition of 1Moz Buckreef Gold Project

• Resolute Propose to Combine Buckreef with its Nyakafuru Project

• Fast track Development with Relocated Golden Pride Plant

• Decision Expected in Near Term

Golden Pride

==> picture [721 x 69] intentionally omitted <==

==> picture [721 x 68] intentionally omitted <==

==> picture [721 x 61] intentionally omitted <==

----- Start of picture text -----

SUMMARY
----- End of picture text -----

==> picture [721 x 68] intentionally omitted <==

• Strong Production Profile

• De- earin Balance Sheet g g

• Growth Options Becoming Focus

• Extensive Range of Organic Value Add Projects

• Near Term Conclusion of Feasibility and Scoping Studies to Demonstrate Significance

==> picture [721 x 69] intentionally omitted <==

==> picture [721 x 68] intentionally omitted <==

==> picture [721 x 61] intentionally omitted <==

THANK YOU

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 assumptions of economic results, which may prove to be incorrect. uch projections and estimates are not necessarily indicative of future performance, which S 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 R eso l u t e Minin g Limit ed .

• 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 R Bray, a competent person as defined by the code. R Bray has consented 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 2010

• 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 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 s re a it l t e d corpora ti ons , di rec t ors, emp oyees or agen l t s nor any o th er person accep t s a li bilit y or any oss ar s ng rom f l i i f th e use o f 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.