TIDMRSG

RNS Number : 7079B

Resolute Mining Limited

03 February 2020

3 February 2020

Resolute Mining Limited

(Resolute or the Company)

Form 604

Notice of change of interests of substantial holder

Resolute Mining Limited (ASX/LSE: RSG) advises that Van Eck Associates Corporation has issued a Form 604 titled "Notice of change of interests of substantial holder" to the Australian Securities Exchange.

A full PDF version of the Form 604 is available from the Company's website: https://www.rml.com.au/investors/asx-announcements/.

For further information, contact:

 
 John Welborn               Jeremy Meynert 
  Managing Director & CEO    General Manager - Business Development 
                             & Investor Relations

About Resolute

Resolute is a successful, dividend paying gold miner with more than 30 years of experience as an explorer, developer and operator of gold mines in Australia and Africa which have produced more than 8 million ounces of gold. The Company trades on the Australian Securities Exchange (ASX) and the London Stock Exchange (LSE) under the ticker RSG.

Resolute has a Global Mineral Resource base of more than 19 million ounces of gold. The Company's flagship asset is the world class Syama Gold Mine in Mali which has the ability to produce 300,000 ounces of gold per annum from existing processing infrastructure. Resolute has commissioned the world's first automated underground mine at Syama which will deliver a low cost, large scale operation with a mine life beyond 2032. The Mako Gold Mine in Senegal is a high quality, low cost asset with average annual production of approximately 140,000 ounces of gold. A binding agreement has been signed to sell the Ravenswood Gold Mine in Queensland, Australia for up to A$300 million. A strategic review is currently underway of the Bibiani Gold Mine in Ghana.

Resolute's guidance for FY20 has been set at production of 500,000 ounces of gold at an AISC of US$980 per ounce. FY20 Guidance will be revised once the sale of Ravenswood has been finalised.

Contact Information

 
  Resolute                           Berenberg (UK Corporate Broker) 
    John Welborn, Managing Director    Matthew Armitt / Jennifer Wyllie / Detlir 
    & CEO                              Elezi 
    Jeremy Meynert, General Manager    Telephone: +44 20 3207 7800 
    - BD & IR 
    Telephone: +61 8 9261 6100         Tavistock (UK Public Relations) 
    Email: contact@rml.com.au          Jos Simson / Emily Moss / Annabel de Morgan 
    Web: www.rml.com.au                / Oliver Lamb 
                                       Telephone: +44 207 920 3150 / +44 778 855 
                                       4035 
                                       Email: resolute@tavistock.co.uk

Authorised by Mr John Welborn, Managing Director & CEO

 
 ASX/LSE: RSG Capital          Board of Directors                 Contact 
  Summary                       Mr Martin Botha Non-Executive      John Welborn Managing 
  Fully Paid Ordinary           Chairman                           Director & CEO 
  Shares: 1,035,886,919         Mr John Welborn Managing           Jeremy Meynert GM - 
  Current Share Price           Director & CEO                     BD & IR 
  (ASX):                        Ms Yasmin Broughton                Level 2, Australia 
  A$1.15 as at 31 January       Non-Executive Director             Place | 15-17 William 
  2020                          Mr Mark Potts Non-Executive        St 
  Market Capitalisation:        Director                           Perth, Western Australia 
  A$1.2 Billion                 Ms Sabina Shugg Non-Executive      6000 
  FY20 Guidance:                Director                           T: +61 8 9261 6100 
  500,000oz @ AISC US$980/oz    Mr Peter Sullivan Non-Executive    | F: +61 8 9322 7597 
                                Director                           E: contact@rml.com.au

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