Resolute Mining Limited Secures $60M Funding for Expansion and Innovation in Gold Mining Operations

Resolute Mining Limited is excited to announce the successful raising of AUD 60 million in funding, a strategic move that will enhance its position as a leading gold producer. With over 30 years of experience in exploring, developing, and operating gold mines across Australia and Africa, Resolute has established a formidable reputation in the industry, having produced more than 8 million ounces of gold to date. The Company is publicly traded on the Australian Securities Exchange (ASX) and the London Stock Exchange (LSE) under the ticker symbol RSG. This new funding will primarily be allocated towards advancing operations at its flagship asset, the Syama Gold Mine in Mali. Not only is Syama equipped with one of the world's most advanced mining automation systems, contributing to a cost-effective and scalable operation, but it is also positioned to produce over 300,000 ounces of gold annually, showcasing its significant production capacity. Additionally, the funds will support further development of the Mako Gold Mine in Senegal, which boasts an impressive average production rate of approximately 140,000 ounces of gold per year. With a Global Mineral Resource base exceeding 13 million ounces, Resolute is poised for sustained growth and operational excellence as it continues to drive efficiency and innovation in the gold mining sector. This funding is a testament to the confidence investors have in Resolute's strategic direction and robust growth potential as the Company works to enhance shareholder value and secure its mining operations well into the future.