Resolute Mining Limited — Capital/Financing Update 2019

Jun 12, 2019

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13 June 2019

Resolute tops up A$ gold hedge book 30,000 ounces forward sold at average of US$1,943/oz

Resolute Mining Limited (Resolute or the Company) (ASX: RSG) advises that the Company has forward sold 30,000 ounces of gold at an average price of A$1,943 per ounce in scheduled monthly deliveries of 5,000 ounces between January 2020 and June 2020.

Resolute has taken advantage of current record Australian dollar gold price strength to extend the Company’s Australian dollar gold hedge position. The objective is to secure price certainty for revenues from Resolute’s Ravenswood Gold Mine in Queensland, Australia.

Resolute’s total gold hedge book as at 14 June 2019, including today’s new Australian dollar gold hedges, consists of 190,000 ounces in monthly deliveries out to June 2020 made up of 65,000 ounces in US$ and 125,000 ounces in A$ (see ASX Announcements dated 5 October 2018, 29 October 2018, 21 December 2018, 31 January 2019, 11 February 2019, and 6 June 2019).

Managing Director and CEO, Mr John Welborn, was pleased to continue Resolute’s success in maximising gold sales revenue through responsible hedging:

“Incremental expansion of Resolute’s gold hedging position at levels significantly above our budgeted gold price protects and supports our revenues and cash flows. We continue to actively manage our gold sales and undertake near term hedging to take advantage of gold price volatility, maximise revenues, and protect the Company’s balance sheet. With long mine lives, large gold inventories, and an industry leading production growth profile, Resolute remains strongly leveraged to further upside in gold prices. The Company’s current hedge book represents less than 3% of our current Ore Reserves.”

For further information, contact:

John Welborn

Managing Director & CEO

Jeremy Meynert

General Manager – Business Development & Investor Relations

ASX:RSG Capital Summary

Fully Paid Ordinary Shares: 758,094,588 Current Share Price: A$1.06 as at 12 June 2019 Market Capitalisation: A$804 million FY19 Guidance: 300,000oz @ AISC US$960/oz (A$1,280/oz)

Board of Directors

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

Contact

John Welborn Managing Director & CEO Jeremy Meynert GM – BD & IR 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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