Resolute Mining Limited — Major Shareholding Notification 2020

Jul 12, 2020

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme	Mako Gold Limited (ASX:MKG)
ACN/ARSN	ACN 606 241 829
1. Details of substantial holder(1)
Name	Resolute Mining Limited (ASX: RSG) and its related bodies corporate as listed below
ACN/ARSN (if applicable)	ACN 097 088 689
There was a change in the interests of thesubstantial holder on	13/07/2020
The previous notice was given to the companyon	04/06/2020
The previous notice was dated	04/06/2020

2. Previous and present voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

Class of securities (4)	Previous notice		Present notice
	Person's votes	Voting power (5)	Person's votes	Voting power (5)
Ordinary shares	15,235,085	13.48%	15,235,085	9.14%

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company are as follows:

Date ofchange	Person whoserelevant interest changed	Nature of change (6)	Considerationgiven in relationto change (7)	Class and numberof securitiesaffected	Person'svotesaffected
13/07/2020	Resolute (Treasury) Pty LtdResolute Mining Limited	Decrease in percentage ofsubstantial holding due todilution of interest arisingfrom share placement byMKG to investors	Nil	N/A	N/A

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of relevantinterest	Registeredholder ofsecurities	Person entitled to beregistered as holder(8)	Nature of relevantinterest (6)	Class andnumber ofsecurities	Person's votes
Resolute (Treasury) PtyLtd	Resolute(Treasury)Pty Ltd	Resolute (Treasury)Pty Ltd	Relevant interest undersection 608(1)(a) of theCorporations Act.	15,235,085	15,235,085
Resolute Mining Limited	Resolute(Treasury)Pty Ltd	Resolute (Treasury)Pty Ltd	Relevant interest undersection 608(3)(b) of theCorporations Act.Resolute MiningLimited owns 100% ofResolute (Treasury) PtyLtd.	15,235,085	15,235,085

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

	Name and ACN/ARSN (if applicable)	Nature of association
See Annexure A

6. Addresses

The addresses of persons named in this form are as follows:

Name	Address
Resolute Mining Limited	Level 2, 15-17 William Street Perth WA 6000
Resolute (Treasury) Pty Ltd	Level 2, 15-17 William Street Perth WA 6000

Signature

print name John Welborn capacity Managing Director

sign here date 13 / 07 / 2020

DIRECTIONS

(1) If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 6 of the form.

(2) See the definition of "associate" in section 9 of the Corporations Act 2001.

• (3) See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.
• (4) The voting shares of a company constitute one class unless divided into separate classes.
• (5) The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.
• (6) Include details of:
  • (a) any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and
  • (b) any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

(7) Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.

(8) If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write "unknown".

(9) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

Annexure A

Associates

This is Annexure A of 3 page(s) referred to in Form 604.

Name and ACN/ARSN (if applicable)	Nature of Association
ResoluteMining LimitedACN 097088 689	ResoluteMining Limitedisanassociateofeachof theotherentitiestothe left(andviceversa)because they are ultimately controlledby
Resolute Treasury UK Limited	ResoluteMining Limited.
Resolute UK2 Limited	The entitiesto the leftother thanResolute MiningLimitedarealsoassociatesofeachotherbecause they are eachultimatelycontrolledby
Resolute UK1 Limited	ResoluteMining Limited(they are subsidiariesofResoluteMiningLimited).
Resolute (Treasury)Pty LtdACN120794603
Resolute CorporateServicesPtyLtdACN009 047581
CarpentariaGoldPty LtdACN 010706966
Resolute CanadaPtyLtdACN 626300981
Resolute Canada2Pty LtdACN 626301200
ACN 627384 098 Pty LtdACN 627384098
RSG TanzaniaPty LtdACN625 151135
RSG Tanzania2PtyLtdACN 626221 574
Resolute SudanPty LtdACN623529 859
Resolute Sudan2PtyLtdACN 624155273
Resolute BurkinaFasoPty LtdACN623531 224
Resolute (CDIHoldings)Pty LtdACN616380 119
GebandNut ResourcesSARL
AmberGoldCDISARL
NimbaResourcesSARL

Resolute CDISARL
ExcaliburCDISARL
Resolute Egypt (Australia)Pty LtdACN618 535014
Resolute Egypt (Australia)2 Pty LtdACN619 333345
Resolute EgyptPty Ltd
Resolute (SOMISY)PtyLtdACN 616378468
ResoluteMaliSA
Sociétédes Minesde SyamaSA
Resolute (Finkolo)Pty LtdACN 616380093
Resolute ExplorationSARL
Sociétédes Minesde FinkoloSA
Resolute (Bibiani)PtyLtdACN 616380173
Drillingand MiningServices Limited
MensinGoldBibiani Limited
NobleMiningGhana Limited
Resolute (Ghana) Limited
Resolute BurkinaSARL
ToroGold Limited
ORCASA
BambukMinerals Liited
Petowal MiningCompany SA
BambukMineralsSenegalSARL
ToroTechnicalServices

ToroGoldPty LtdACN 604832 528
ToroGoldGabon Ltd
Toro GoldGabonSARL
ToroGoldEquatorialLtd
PredictiveDiscovery CISARL
ToroGoldGuinée

Signature

Print Name:	JohnWelborn	Capacity:	ManagingDirector
SignHere:		Date:	13 July2020

Annexure B

Addresses

This is Annexure B of 3 page(s) referred to in Form 604.

Name	Address
Resolute UK2 Limited	Level2,15-17WilliamStreetPerthWA6000
Resolute UK1 Limited	Level2,15-17WilliamStreetPerthWA6000
ResoluteMining LimitedACN 097088 689	Level2,15-17WilliamStreetPerthWA6000
Resolute Treasury UK Limited	Level2,15-17WilliamStreetPerthWA6000
Resolute (Treasury)Pty LtdACN120794603	Level2,15-17WilliamStreetPerthWA6000
Resolute CorporateServicesPtyLtdACN009 047581	Level2,15-17WilliamStreetPerthWA6000
CarpentariaGoldPty LtdACN 010706966	Level2,15-17WilliamStreetPerthWA6000
Resolute CanadaPtyLtdACN 626300981	Level2,15-17WilliamStreetPerthWA6000
Resolute Canada2Pty LtdACN626301200	Level2,15-17WilliamStreetPerthWA6000
ACN 627384 098 Pty LtdACN 627384098	Level2,15-17WilliamStreetPerthWA6000
RSG TanzaniaPty LtdACN625 151135	Level2,15-17WilliamStreetPerthWA6000
RSG Tanzania2PtyLtdACN 626221 574	Level2,15-17WilliamStreetPerthWA6000
Resolute SudanPty LtdACN 623529 859	Level2,15-17WilliamStreetPerthWA6000
Resolute Sudan2PtyLtdACN 624155273	Level2,15-17WilliamStreetPerthWA6000
Resolute BurkinaFasoPty LtdACN623531 224	Level2,15-17WilliamStreetPerthWA6000
Resolute (CDIHoldings)Pty LtdACN616380 119	Level2,15-17WilliamStreetPerthWA6000
GebandNut ResourcesSARL	Level2,15-17WilliamStreetPerthWA6000
AmberGoldCDISARL	Level2,15-17WilliamStreetPerthWA6000
NimbaResourcesSARL	Level2,15-17WilliamStreetPerthWA6000

Resolute CDISARL	Level2,15-17WilliamStreetPerthWA6000
ExcaliburCDISARL	Level2,15-17WilliamStreetPerthWA6000
Resolute Egypt (Australia)Pty LtdACN618 535014	Level2,15-17WilliamStreetPerthWA6000
Resolute Egypt (Australia)2 Pty LtdACN619 333345	Level2,15-17WilliamStreetPerthWA6000
Resolute EgyptPty Ltd	Level2,15-17WilliamStreetPerthWA6000
Resolute (SOMISY)PtyLtdACN 616378468	Level2,15-17WilliamStreetPerthWA6000
ResoluteMaliSA	Level2,15-17WilliamStreetPerthWA6000
Sociétédes Minesde SyamaSA	Level2,15-17WilliamStreetPerthWA6000
Resolute (Finkolo)Pty LtdACN 616 380093	Level2,15-17WilliamStreetPerthWA6000
Resolute ExplorationSARL	Level2,15-17WilliamStreetPerthWA6000
Sociétédes Minesde FinkoloSA	Level2,15-17WilliamStreetPerthWA6000
Resolute (Bibiani)PtyLtdACN 616380173	Level2, 15-17WilliamStreetPerthWA6000
Drillingand MiningServices Limited	Level2,15-17WilliamStreetPerthWA6000
MensinGoldBibiani Limited	Level2,15-17WilliamStreetPerthWA6000
NobleMiningGhana Limited	Level2,15-17WilliamStreetPerthWA6000
Resolute (Ghana) Limited	Level2,15-17WilliamStreetPerthWA6000
Resolute BurkinaSARL	Level2,15-17WilliamStreetPerthWA6000
ToroGold Limited	Level2,15-17WilliamStreetPerthWA6000
ORCASA	Level2,15-17WilliamStreetPerthWA6000
BambukMinerals Liited	Level2,15-17WilliamStreetPerthWA6000
Petowal MiningCompany SA	Level2,15-17WilliamStreetPerthWA6000
BambukMineralsSenegalSARL	Level2,15-17WilliamStreetPerthWA6000
ToroTechnicalServices	Level2,15-17WilliamStreetPerthWA6000

ToroGoldPty LtdACN 604832 528	Level2,15-17WilliamStreetPerthWA6000
ToroGoldGabon Ltd	Level2,15-17WilliamStreetPerthWA 6000
ToroGoldGabonSARL	Level2,15-17WilliamStreetPerthWA6000
ToroGoldEquatorialLtd	Level2,15-17WilliamStreetPerthWA6000
PredictiveDiscovery CISARL	Level2,15-17WilliamStreetPerthWA6000
ToroGoldGuinée	Level2,15-17WilliamStreetPerthWA6000

Signature

Print Name:	JohnWelborn	Capacity:	ManagingDirector
SignHere:		Date:	13 July2020