Resolute Mining Limited — AGM Information 2018

Oct 25, 2018

Mine Gold. Create Value. Perth | 26 October 2018

2018 Annual General Meeting CEO Presentation

Important Notices and Disclaimers

This presentation contains information about Resolute Mining Limited (Resolute or the Company) and its activities that is current as at the date of this presentation unless otherwise stated. The information in this presentation remains subject to change without notice. This presentation has been prepared by Resolute and no party other than Resolute has authorised or caused the issue, lodgement, submission, despatch or provision of this presentation.

The information in this presentation is general in nature and does not purport to be complete. This presentation is not a prospectus, disclosure document or other offering document under Australian law or under the laws of any other jurisdiction. This presentation is provided for information purposes and does not constitute an offer, invitation or recommendation to subscribe for or purchase securities in Resolute in any jurisdiction.

The information contained in this presentation has been prepared in good faith by Resolute, however no guarantee, representation or warranty expressed or implied is or will be made by any person (including Resolute and its affiliates and their directors, officers, employees, associates, advisers and agents) as to the accuracy, reliability, correctness, completeness or adequacy of any statements, estimates, options, conclusions or other information contained in this presentation.

To the maximum extent permitted by law, Resolute and its affiliates and their directors, officers, employees, associates, advisers and agents each expressly disclaims any and all liability, including, without limitation, any liability arising out of fault or negligence, for any loss or damage suffered by any person relating in any way to the use of or reliance on information contained in this presentation including, without limitation:

• from representations or warranties or in relation to the accuracy or completeness of the information contained within this presentation;
• from statements, opinions, forecasts, reports or other matters, express or implied, contained in, arising out of or derived from this presentation; or
• for omissions from this presentation including, without limitation, any financial information, any estimates, forecasts, or projections and any other financial information derived therefrom.

This presentation does not constitute financial product advice, investment, legal, taxation or other advice and is not intended to be used or relied upon as the basis for making an investment decision. This presentation is not a recommendation to acquire Resolute securities and has been prepared without taking into account the investment objectives, taxation situation, financial situation or needs of individuals. Before making any investment decision in connection with any acquisition of Resolute securities, prospective investors should consider the appropriateness of the information having regard to their own objectives, tax situation, financial situation and needs and seek financial, legal and taxation advice appropriate to their jurisdiction.

Past performance information given in this presentation is for illustrative purposes only and should not be relied upon as an indication of future performance. This presentation includes certain forward-looking statements, including statements regarding our intent, belief or current expectations with respect to Resolute's business and operations, market conditions, results of operations and financial condition, and risk-management practices. Words such as 'project', 'foresee', 'plan', 'expect', 'aim', 'intend', 'anticipate', 'believe', 'estimate', 'may', 'should', 'will' and similar expressions are intended to identify forward-looking statements. Indications of, and guidance on, future earnings and financial position and performance are also forward-looking statements. Forward-looking statements are provided as a general guide only and should not be relied upon as an indication or guarantee of future performance. These statements are based upon a number of estimates and assumptions that, while considered reasonable by Resolute, are inherently subject to significant uncertainties and contingencies, many of which are outside the control of Resolute, involve known and unknown risks and uncertainties that could cause actual events or results to differ materially from estimated or anticipated events or results reflected in such forward looking statements on certain assumptions, which may prove to be incorrect. Actual results, performance, actions and developments of Resolute may differ materially from those expressed or implied by the forward-looking statements in this presentation.

As an Australian company listed on the Australian Securities Exchange (ASX), Resolute is required to report ore reserves and mineral resources in Australia in accordance with the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code). Recipients should note that while Resolute's mineral resource and ore reserve estimates comply with the JORC Code, they may not comply with relevant guidelines in other countries.

For details of the Mineral Resources and Ore Reserves used in this presentation, please refer to ASX Announcement dated 16 August 2018 titled "Annual Ore Reserve and Mineral Resource Statement as at 30 June 2018". The Company is not aware of any new information or data that materially affects the Mineral Resources and Ore Reserves as reported in that ASX Announcement and confirms that all material assumptions and technical parameters underpinning this plan continue to apply and have not materially changed. The form and context in which the Competent Persons' findings are presented have not been materially modified.

Notes

• US$ numbers quoted are weighted average in US$, at prevailing exchange rates
• All in Sustaining Costs (AISC) per ounce of gold produced are calculated in accordance with World Gold Council guidelines. These measures are included to assist investors to better understand the performance of the business. Cash cost per ounce of gold produced and AISC are non‐International Financial Reporting Standards financial information

Resolute Portfolio

Syama Gold Mine

A world class, fully automated sub-level cave gold mine on track to be delivered by December 2018

14 year mine life

~4.0Mtpa

Ravenswood Gold Mine

Proven producing asset with multiple open pits which underpin long-term production

14 year mine life

Bibiani Gold Mine

Recent feasibility study update completed which demonstrates potential for a long life, high margin project

~10 year target mine life

Proposed Annual Production ~100kozpa

2.5Moz Total Resource

Life of Mine All-In Sustaining Cost US$764/oz

Available Process Capacity 3Mtpa Start-Up Capital US$75M

Strategic Investments

Multiple strategic positions in highly prospective African explorers with significant land positions

10%

We are proud of our name.

We aspire to build a truly great company to deliver enduring value.

Our 4 values that support the " " mantra:

R-CARE at Resolute Resolute'sApproach to Safety

• To working safely, all of the time

• To taking pride, in everything we do

• To improving the way we work

• To the people we work with

• For the quality of our work

• To the expectation of our business

• To our families

• To the way we treat others

• For learning from our mistakes

• To speak up and share our ideas

• To stop anything we believe is unsafe

• To challenge the things we could do better

Environment Highlights

Syama: new power infrastructure to deliver more efficient, cost effective, and environmentally friendly life-of-mine power solution

Ravenswood: Environmental Approval received for Expansion Project

Bibiani: Environmental Permit Authorisation received to recommission

Corporate: Resolute Graduate Environment Officer Program initiated

Community Highlights

Workforce Stability Agreement signed with Syama Workers Union

Talent Development Program to advance the skills, capabilities and careers of Malian employees enters second year

through partnership with University of Queensland

Community Relations Management Plan implemented at Tabakoroni Conservation Management Plans for Ravenswood heritage sites developed Native Title Agreement finalised with the Birriah Aboriginal Corporation for the Expansion Project leases / tenements

Education, health and income-generating initiatives delivered at Bibiani through Resolute Foundation Advisory Panel

The Resolute Foundation is the vehicle through which Resolute will deliver future community development initiatives

11

FY18 Highlights

Profitability maintained during development phase; Net Profit After Tax of A$78m

Strong shareholder returns; Dividend of 2.0 cents per share (dividend payout of 3.3% of FY18 revenue)

Syama DFS Update delivers >300kozpa at US$746/oz LOM AISC (14 year life)

Development progressing well at Syama Underground; first stope production achieved

Ravenswood Expansion Project delivers 115kozpa at US$823/oz LOM AISC (14 year life)

Bibiani Update demonstrates ~100kozpa at ~US$750/oz LOM AISC (10 year life)

Nafolo and Tabakoroni: stunning exploration results

Major gold inventory upgrade; 16.5Moz Global Resources / 5.9Moz Global Reserves

Development project optionality enhanced through multiple strategic investments

Mine Gold.

284,185oz Total Gold Production

FY18

A$1,355/oz All-In Sustaining Cost (US$1,052/oz)

Create Value.

Revenue from Gold and Silver Sales

Net Profit After Tax

Diluted Earnings Per Share

FY18

Cash, Bullion and Listed Investments

35%

Increase in Global Mineral Resources

Dividend Per Share

Extensive Reserve and Resource Growth Resolute has added ~8Moz to its Global Resource since 2010

Note: FY10 and FY18 Reserves and Resources are as at 30 June 2018 and reported on a 100% basis. Investments (Attributable) is Resolute's share of Resources associated with its investments in listed exploration companies.

Clear Pathway to 500kozpa

Production Outlook (koz)

Note: The target ounces are entirely based on current Ore Reserves. All Ore Reserves which underpin the plan have been prepared by a Competent Person or Persons in accordance with the JORC Code. For details of Ore Reserves used for the plan, please refer to the ASX Announcement dated 16 August 2018 titled Annual Ore Reserve and Mineral Resource Statement as at 30 June 2018

"Innovation is a process that combines discovering an opportunity, blueprinting an idea to seize that opportunity, and implementing that idea to achieve results. Remember - no impact, no innovation "

Syama Underground Mine

World first purpose built, sub-level cave gold mine fully automated with production commencing December 2018

The Innovation

Autonomous Drilling Autonomous Truck Navigation The most advanced mining automation system in the world

Central Monitoring & Visualisation

The Innovation

Syama: the world's most advanced mine

• Mine digitalisation with OptiMine® and AutoMine® with full range features including
  • Smart Scheduling algorithm
  • Automated drilling, blasting, loading, dumping
  • GPS navigation system for trucks
  • Autonomous rehandle level loading
  • Live 3D mine visualising
  • Integration of Deswick to OptiMine®
  • Operator tablets on LV's
  • 24/7 operation in auto

World first Laser to GPS truck technology

The Innovation Full Automation from Mine to Crusher

Autonomous loaders loading autonomous trucks from mine to surface

Specially tailored AutoMine® and OptiMine® systems to increase productivity

World first mine with full automation from underground to surface

The Impact Innovation for cost savings with fabulous safety outcomes

The Impact Innovation for greater control and increased productivity

24

Transformation Enables Bold Ambition

Proven operator: Resolute has mined more than 8Moz from 9 gold mines in Australia and Africa

Long life, low cost, large scale assets: 14 year life at operating assets; clear pathway to 500kozpa; LOM AISC of US$746/oz at Syama

Large and growing resource base: 16.5Moz of Global Mineral Resources and 5.9Moz of Ore Reserves

Strong commitment to exploration: 8.4Moz Mineral Resources and 3.0Moz Ore Reserves added since 2010

Focus on technology and innovation: Resolute is developing the world's first custom built, fully automated sub-level cave

Unique skill set and reputation in Africa: Long term track record of successfully operating in the region (20+ years)

Compelling valuation proposition: Valuation upside from delivery of Syama development and ramp-up

Building a portfolio of Resolute gold mines: Strategic investments in 6 African-focused explorers

Corporate Summary (ASX:RSG) Capitalisation

	A$	US$
Share Price	$1.06	$0.75
Shares on Issue	757.5m
Market Capitalisation	$807m	$573m
Cash, Bullion, Investments	$115m	$86m
Borrowings	$132m	$99m
Enterprise Value	$824m	$586m

Dividend Policy

FY18 Dividend

Price Performance and Trading

Mine Gold. Create Value.

John Welborn Managing Director & CEO

Jeremy Meynert

General Manager – Business Development & Investor Relations

Level 2, Australia Place 15 -17 William St Perth, Western Australia 6000

T: +61 8 9261 6100 F: +61 8 9322 7597 E: contact@rml.com.au