Resolute Mining : Diggers and Dealers Presentation

14 October 2020

Diggers & Dealers Mining Forum

Investor Presentation

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Resolute Mining Limited (ASX/LSE: RSG) (Resolute or the Company) is pleased to release the attached Corporate Presentation which will be delivered by Mr John Welborn, Managing Director and CEO, at the Diggers & Dealers Mining Forum in Kalgoorlie, Western Australia at 12:40pm (AWST) today, Wednesday, 14 October 2020 (15:40pm AEDT).

This year, the organisers of the Diggers & Dealers Mining Forum have provided a free online streaming service to enable access to presentations for people who have been unable to travel to Kalgoorlie due to COVID-19 related border restrictions.

To register for the Diggers & Dealers live streaming portal, please click here. The portal also provides a facility to ask questions via an online platform, or by texting [phone] and providing your name and company details.

For further information, contact:

John Welborn

Managing Director & CEO

Contact Information

Resolute

John Welborn, Managing Director & CEO Telephone: [phone]

Email:[e-mail]

Web:www.rml.com.au

Follow Resolute

Berenberg (UK Corporate Broker)

Matthew Armitt / Detlir Elezi

Telephone: [phone]

Tavistock (UK Public Relations)

Jos Simson / Charles Vivian / Emily Fenton / Annabel de Morgan Telephone: [phone]

Email:[e-mail]

Authorised by Mr John Welborn, Managing Director & CEO

ASX/LSE: RSG Capital Summary		Board of Directors		Contact
Fully Paid Ordinary Shares: 1,103,892,706		Mr Martin Botha Non-Executive Chairman		John Welborn Managing Director & CEO
Current Share Price: A$0.99 as at		Mr John Welborn Managing Director & CEO		Level 2, Australia Place | 15-17 William St
13 October 2020		Ms Yasmin Broughton Non-Executive Director		Perth, Western Australia 6000
Market Capitalisation: A$1.09 billion		Mr Mark Potts Non-Executive Director		T: [phone] | F: [phone]
		Ms Sabina Shugg Non-Executive Director		E: [e-mail]
		Mr Peter Sullivan Non-Executive Director

Mine Gold. Create Value.

Diggers & Dealers Mining Forum

Corporate Presentation | 14 October 2020

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, inducement 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 18 February 2020 titled "Annual Ore Reserve and Mineral Resource Statement as at 31 December 2019", ASX Announcement dated 20 July 2020 titled "Updated Life of Mine Plan for Mako Gold Mine" and ASX Announcement dated 14 October 2020 titled "Tabakoroni Underground Update". The Company is not aware of any new information or data that materially affects the Mineral Resources and Ore Reserves as reported in these ASX Announcements and confirms that all material assumptions and technical parameters underpinning the estimates in these ASX Announcements 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 from these ASX Announcements.

All in Sustaining Cost (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.

An investment in Resolute is subject to known and unknown risks, some of which are beyond the control of Resolute, including possible loss of income and principal invested. Resolute does not guarantee any particular rate of return or the performance of Resolute, nor does it guarantee any particular tax treatment. Investors should have regard (amongst other things) to the risk factors outlined in this Presentation when making their investment decision. See the "Key Risks" section of this presentation for certain risks relating to an investment in Resolute.

All dollar values are in United States dollars ($ or USD) unless otherwise stated. This presentation includes pro-forma financial information which is provided for illustrative purposes only and is not represented as being indicative of Resolute (or anyone else's) views on Resolute's future financial position or performance.

A number of figures, amounts, percentages, estimates, calculations of value and fractions in this presentation are subject to the effect of rounding. Accordingly, the actual calculation of these figures may differ from the figures set out in this presentation.

Resolute's production guidance for 2020 is 400,000oz to 430,000oz at US$980/oz to US$1,080/oz. Resolute does however continue to assess developments and update the Company's response to COVID-19 while placing the highest priority on the safety and wellbeing of its employees, contractors and stakeholders. Further escalation of COVID-19, and the implementation of further government-regulated restrictions or extended periods of supply chain disruption, has the potential to negatively impact gold production, earnings, cash flow and the Company's balance sheet.

This presentation has been authorised for released by Managing Director and CEO, Mr John Welborn.

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Mako

Senegal

Syama

Mali

			Bibiani
			Ghana
			Strategic Review Ongoing
Production	Mineral Resources	Ore Reserves	Market Capitalisation
~400koz	13.3Moz	4.7Moz	A$1.09Bn
per annum			£599m | US$782m

Note: Market capitalisation as at 13 October 2020. Mineral Resources and Ore Reserves are as at 31 December 2019 and stated exclusive of Ravenswood. 2020 guidance has been also updated to reflect the sale of Ravenswood which completed on 31 March 2020.

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