Resolute Mining Limited — Capital/Financing Update 2021

Jun 8, 2021

==> picture [550 x 138] intentionally omitted <==

9 June 2021

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 scheduled debt repayment.

The voluntary 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 Resolute’s debt maturity balances following the US$20 million repayment is set out below:

==> picture [512 x 243] intentionally omitted <==

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

Resolute’s Chief Executive Officer, Mr Stuart Gale, commented on the accelerated debt repayment: “This early repayment strengthens Resolute’s balance sheet and reduces ongoing borrowing costs. Our teams remain focussed on improving operational performance and with that cash generation. The flexibility of the RCF then provides us with the option to continue repaying debt ahead of maturities with operating cashflow and proceeds from potential noncore asset sales.”

==> picture [569 x 55] intentionally omitted <==

==> picture [553 x 70] intentionally omitted <==

For further information, contact:

Resolute

Stuart Gale, MD & CEO Telephone: +61 8 9261 6100 Email: contact@rml.com.au Web: www.rml.com.au

Follow Resolute

==> picture [18 x 19] intentionally omitted <==

==> picture [19 x 19] intentionally omitted <==

==> picture [19 x 19] intentionally omitted <==

==> picture [18 x 19] intentionally omitted <==

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: resolute@tavistock.co.uk

FTI Consulting (Australian media)

Cameron Morse / James Tranter Telephone: +61 433 886 871 Email: cameron.morse@fticonsulting.com

Authorised by Mr Stuart Gale, Managing Director & Chief Executive Officer

==> picture [163 x 11] intentionally omitted <==

2