Resolute Mining Limited — Capital/Financing Update 2018

Jul 12, 2018

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13 July 2018

Resolute secures US$100M revolving credit facility

Highlights

• A new US$100 million flexible revolving credit facility has been established

• The revolving facility has an initial three year term and is fully underwritten by Investec Australia Limited

• The new facility is curently undrawn, is capable of future extension, and will allow Resolute to pursue growth opportunities as they arise

Resolute Mining Limited (Resolute or the Company) (ASX:RSG) is pleased to advise that it has established a US$100 million Revolving Loan Facility (Facility) with Investec Australia Limited (Investec).

The new Facility provides Resolute with flexible access to low cost funding for new growth initiatives.

Resolute has previously operated senior secured credit facilities with a banking syndicate which has included Citi, Barclays, Societe Generale, Macquarie, and Investec. The most recent secured debt facility was a US$50 million Cash Advance Facility jointly provided by Barclays and Investec which was fully repaid in June 2016 (see ASX Announcement “Repayment of Secured Debt Facility Confirmed” dated 20 June 2016).

The new Facility is fully underwritten by Investec, has an initial three year term, and ranks pari passu with the existing banking syndicate security trust deed. Following the satisfaction of standard conditions precedent, Resolute can draw on the Facility as required for any corporate funding purposes. There is no requirement to draw on the Facility and both the credit limit and tenor is capable of extension.

The rates, fees and terms agreed for the new Facility are highly competitive and provide Resolute with access to flexible growth capital at an attractively low cost.

Managing Director and Chief Executive Officer, Mr John Welborn, commented: “This revolving credit facility ensures Resolute has the financial flexibility to pursue our growth agenda and act on opportunities as they arise. We maintain a strong balance sheet and ensuring a modest level of gearing is available to the Company is a sound and appropriate strategic decision given our ambitions and outlook. Resolute has always maintained strong relationships with our banking syndicate and I thank Investec for their support and vote of confidence.”

For further information, contact:

John Welborn Managing Director & CEO T: +61 8 9261 6100 E: contact@rml.com.au

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About Resolute

Resolute is a successful gold miner with more than 28 years of continuous production. The Company is an experienced explorer, developer, and operator, having operated nine gold mines across Australia and Africa which have produced 8 million ounces of gold. Resolute currently operates two mines, the Syama Gold Mine in Africa and the Ravenswood Gold Mine in Australia, and is one of the largest gold producers listed on the Australian Securities Exchange with FY19 guidance of 300,000 ounces of gold production at All-In Sustaining Costs of A$1,280/oz (US$960/oz).

Resolute’s flagship Syama Gold Mine in Mali is a robust long-life asset comprising parallel sulphide and oxide processing plants. The move to underground mining is expected to extend the mine life beyond 2032.

The Ravenswood Gold Mine in Queensland demonstrates Resolute’s significant underground expertise in successfully mining the Mt Wright ore body, where operations are expected to cease at the end of FY19. The Company’s next stage of development in Queensland is the return to large scale open pit mining at the Ravenswood Expansion Project, which will extend the Company’s local operations to at least 2032.

In Ghana, the Company has completed a feasibility study on the Bibiani Gold Mine focused on the development of an underground operation requiring modest capital and using existing plant infrastructure. Resolute is also actively exploring over 6,600km[2] of potential world class tenure in West Africa and Australia.

Resolute supplements its own exploration activities with a portfolio of interests in listed African focused gold exploration companies to provide shareholders with a pipeline of medium term development opportunities.

ASX:RSG Capital Summary

Fully Paid Ordinary Shares: 741,477,595 Current Share Price: A$1.33, 12 July 2018 Market Capitalisation: A$990 million FY19 Guidance: 300,000oz @ AISC A$1,280/oz

Board of Directors

Mr Martin Botha Non-Executive Chairman Mr John Welborn Managing Director & CEO Mr Peter Sullivan Non-Executive Director Mr Mark Potts Non-Executive Director Mr Bill Price Non-Executive Director Ms Yasmin Broughton Non-Executive Director

Contact

John Welborn Managing Director & CEO 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

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