Resolute Mining Limited — Investor Presentation 2018

Nov 27, 2018

Mines and Money London 2018

Mine Gold. Create Value. MD & CEO: Mr John Welborn

Coming soon to the

World Premiere

December 2018

Syama Underground Gold Mine

Video can be accessed Resolute's Youtube channel: https://youtu.be/ThmkN2qILS0

The Innovation: Power

New 40MW Solar Hybrid Power Plant for Syama Gold Mine

Joint Development Agreement Signed with Ignite Energy

New Power Plant to be fully funded by Ignite Energy

Expected ~40% savings in Syama power cost

World's largest mine based off-grid fully integrated independent solar hybrid power plant

The Innovation: Automation

Autonomous Loading & Dumping

Autonomous Drilling Autonomous Truck Navigation The most advanced mining automation system in the world.

Central Monitoring & Visualisation

The Innovation Full Automation from Mine to Crusher

Autonomous loaders loading autonomous trucks from mine to surface

Specially tailored AutoMine® and OptiMine® systems to increase productivity

World first mine with full automation from underground to surface

The Impact

Productivity

Economics

People

The Impact Productivity

The Impact Economics

LOM AISC reduced to US**$746**/oz

Mine life extended to 2032

Mine Gold. Create Value.

Resolute Portfolio

Syama Gold Mine

A world class, fully automated sub-level cave gold mine on track to be delivered in December 2018

14 year mine life

Ravenswood Gold Mine

Proven producing asset with multiple open pits which underpin long-term production

14 year mine life

Bibiani Gold Mine

Recent feasibility study update completed which demonstrates potential for a long life, high margin project

Proposed Annual Production ~100kozpa

Start-Up Capital US$75M

10 year target mine life

2.5Moz Mineral Resource

Life of Mine All-In Sustaining Cost US$764/oz

Available Process Capacity 3Mtpa

Strategic Investments

Multiple strategic positions in highly prospective African explorers with significant land positions

Corporate Summary (ASX:RSG) Capitalisation

	A$	US$
Share Price	$0.96	$0.69
Shares on Issue	757.5m
Market Capitalisation	$727m	$523m
Cash, Bullion, Investments	$115m	$86m
Borrowings	$132m	$99m
Enterprise Value	$744m	$536m

Dividend Policy

FY18 Dividend

2.0 cents per share 3.3% of sales revenue

Price Performance and Trading

Important Notices and Disclaimers

This presentation contains information about Resolute Mining Limited (Resolute or the Company) and its activities that is current as at the date of this presentation unless otherwise stated. The information in this presentation remains subject to change without notice. This presentation has been prepared by Resolute and no party other than Resolute has authorised or caused the issue, lodgement, submission, despatch or provision of this presentation.

The information in this presentation is general in nature and does not purport to be complete. This presentation is not a prospectus, disclosure document or other offering document under Australian law or under the laws of any other jurisdiction. This presentation is provided for information purposes and does not constitute an offer, invitation or recommendation to subscribe for or purchase securities in Resolute in any jurisdiction.

The information contained in this presentation has been prepared in good faith by Resolute, however no guarantee, representation or warranty expressed or implied is or will be made by any person (including Resolute and its affiliates and their directors, officers, employees, associates, advisers and agents) as to the accuracy, reliability, correctness, completeness or adequacy of any statements, estimates, options, conclusions or other information contained in this presentation.

To the maximum extent permitted by law, Resolute and its affiliates and their directors, officers, employees, associates, advisers and agents each expressly disclaims any and all liability, including, without limitation, any liability arising out of fault or negligence, for any loss or damage suffered by any person relating in any way to the use of or reliance on information contained in this presentation including, without limitation:

• from representations or warranties or in relation to the accuracy or completeness of the information contained within this presentation;
• from statements, opinions, forecasts, reports or other matters, express or implied, contained in, arising out of or derived from this presentation; or
• for omissions from this presentation including, without limitation, any financial information, any estimates, forecasts, or projections and any other financial information derived therefrom.

This presentation does not constitute financial product advice, investment, legal, taxation or other advice and is not intended to be used or relied upon as the basis for making an investment decision. This presentation is not a recommendation to acquire Resolute securities and has been prepared without taking into account the investment objectives, taxation situation, financial situation or needs of individuals. Before making any investment decision in connection with any acquisition of Resolute securities, prospective investors should consider the appropriateness of the information having regard to their own objectives, tax situation, financial situation and needs and seek financial, legal and taxation advice appropriate to their jurisdiction.

Past performance information given in this presentation is for illustrative purposes only and should not be relied upon as an indication of future performance. This presentation includes certain forward-looking statements, including statements regarding our intent, belief or current expectations with respect to Resolute's business and operations, market conditions, results of operations and financial condition, and risk-management practices. Words such as 'project', 'foresee', 'plan', 'expect', 'aim', 'intend', 'anticipate', 'believe', 'estimate', 'may', 'should', 'will' and similar expressions are intended to identify forward-looking statements. Indications of, and guidance on, future earnings and financial position and performance are also forward-looking statements. Forward-looking statements are provided as a general guide only and should not be relied upon as an indication or guarantee of future performance. These statements are based upon a number of estimates and assumptions that, while considered reasonable by Resolute, are inherently subject to significant uncertainties and contingencies, many of which are outside the control of Resolute, involve known and unknown risks and uncertainties that could cause actual events or results to differ materially from estimated or anticipated events or results reflected in such forward looking statements on certain assumptions, which may prove to be incorrect. Actual results, performance, actions and developments of Resolute may differ materially from those expressed or implied by the forward-looking statements in this presentation.

As an Australian company listed on the Australian Securities Exchange (ASX), Resolute is required to report ore reserves and mineral resources in Australia in accordance with the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code). Recipients should note that while Resolute's mineral resource and ore reserve estimates comply with the JORC Code, they may not comply with relevant guidelines in other countries.

For details of the Mineral Resources and Ore Reserves used in this presentation, please refer to ASX Announcement dated 16 August 2018 titled "Annual Ore Reserve and Mineral Resource Statement as at 30 June 2018". The Company is not aware of any new information or data that materially affects the Mineral Resources and Ore Reserves as reported in that ASX Announcement and confirms that all material assumptions and technical parameters underpinning this plan continue to apply and have not materially changed. The form and context in which the Competent Persons' findings are presented have not been materially modified.

Notes

• US$ numbers quoted are weighted average in US$, at prevailing exchange rates
• All in Sustaining Costs (AISC) per ounce of gold produced are calculated in accordance with World Gold Council guidelines. These measures are included to assist investors to better understand the performance of the business. Cash cost per ounce of gold produced and AISC are non‐International Financial Reporting Standards financial information

Mine Gold. Create Value.

John Welborn Managing Director & CEO

Jeremy Meynert

General Manager – Business Development & Investor Relations

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