Resolute Mining Limited — Capital/Financing Update 2021

Jun 9, 2021

National Storage Mechanism | Additional information

RNS Number : 2859B

Resolute Mining Limited

09 June 2021

9 June 2021

Resolute Mining Limited

(Resolute or the Company)

US$20 million early debt repayment`

Resolute Mining Limited (Resolute or the Company) (ASX/LSE:RSG) is pleased to advise that it has repaid US$20 million in advance of its first required debt repayment obligation.  

The early repayment reduces the Company's Revolving Credit Facility (the RCF) balance to US$130 million and lowers borrowing costs.  The RCF also provides Resolute with the flexibility to redraw funds to the US$150 million facility threshold, at the Company's discretion, up until the maturity date which is currently March 2023. 

A summary of the debt maturity balances following the US$20 million repayment is set out in the graph provided in the full version of the announcement at www.rml.com.au.

Resolute's first scheduled debt repayment under the Term Loan facility is in September 2021 and the Company's aim is to repay all future Term Loan obligations through the generation of operating cashflows.  Additional free cashflow will be applied to further reduce the RCF as options to extend the maturity of this facility, in accordance with the lending agreement, are assessed.

Chief Executive Officer, Mr Stuart Gale, was pleased to have commenced the early repayment of debt: "The repayment strengthens Resolute's balance sheet and reduces our borrowing costs. The RCF provides us with flexibility to continue to repay debt ahead of maturities as we generate positive cashflows from operations and the potential realisation of funds from asset sales."

For further information, contact:

Resolute Martin Botha, Chairman Stuart Gale, MD & CEO Telephone: +61 8 9261 6100 Email: [email protected] Web: www.rml.com.au	Berenberg (UK Corporate Broker) Matthew Armitt / Detlir Elezi Telephone: +44 20 3207 7800 Tavistock (UK Public Relations) Jos Simson / Emily Moss / Annabel de Morgan / Oliver Lamb Telephone: +44 207 920 3150 / +44 778 855 4035 Email: [email protected] FTI Consulting (Australian media) Cameron Morse / James Tranter Telephone: +61 433 886 871 Email: [email protected]

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