Resolute Mining Limited — Capital/Financing Update 2016

Jun 19, 2016

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20 June 2016

Repayment of US$50m Secured Debt Facility Confirmed

Resolute Mining Limited (“Resolute” or the “Company”) (ASX:RSG) is pleased to confirm it has fully repaid the outstanding balance of the Company’s US$50m Senior Secured Cash Advance Facility (“the Facility”). Repayment of the Facility, provided jointly by Barclays Bank PLC (“Barclays”) and Investec Bank Plc (“Investec”), has been made by ten monthly instalments of US$5m following agreement of an accelerated payment schedule in October 2015 (see ASX announcement dated 23 October 2015).

The voluntary accelerated repayment of the Facility follows settlement earlier this financial year of the Company’s US$20m Gold Prepay Loan Facility. Early redemption of the Company’s A$15m of outstanding Convertible Notes (see ASX announcement dated 20 April 2016) is expected to occur on 23 June 2016 and will complete the transformation of Resolute’s Balance Sheet.

Commenting on the repayment of the senior secured debt, Resolute’s Managing Director & CEO, Mr John Welborn, confirmed the Company would start the new financial year with strong cash and bullion reserves, no senior secured corporate debt, and well prepared for an exciting period of growth:

“Resolute has delivered on our promise to reduce debt and strengthen the Company’s balance sheet. This has been achieved by strong operating performance at Syama and Ravenswood, and by implementation of a new discipline within our business on cost management and capital allocation. At the start of the new financial year in a few weeks’ time, Resolute’s borrowings will be limited to a subsidiary level working capital overdraft facility. More importantly we have demonstrated that the strong cashflows from our operating assets, used during FY16 for debt reduction, can now be used to invest in our development programs as we execute our plans to extend and improve the operational performance of our assets. I thank Investec and Barclays for their support over the life of our previous debt facilities and congratulate the Resolute team on this milestone.”

For further information, contact:

John Welborn

Managing Director and CEO Resolute Mining Limited contact@rml.com.au T: +61 8 9261 6100

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