Resolute Mining

Website: www.rml.com.au
Primary ticker: ASX:RSG
Stage of development: Production
Primary minerals: Gold
Project to promote: Syama Gold Mine

Live financials

Resolute is an ASX-listed, African-focused gold producer with a market capitalisation of ~A$800m. Resolute currently owns 3 gold mines Syama (Mali), Ravenswood (Queensland) and Bibiani (Ghana). Resolute’s flagship operation, Syama, will be the world’s first fully automated underground gold mine. In FY19, Resolute is targeting 300koz (AISC: US$960/oz). Resolute has a pathway to annual production in excess of 500koz from a global resource base of 16.5Moz. A portfolio of strategic investments in highly prospective, well managed African-focused gold exploration companies has also been established to provide a pipeline of future development opportunities.

Management Profile

John Welborn – Managing Director & CEO

An experienced CEO with a strong record of accomplishment in the development and operation of African resource projects. A former successful investment banker, international rugby player, and senior resource company executive, John has attracted a high quality management team to Resolute and focused the Company on balance sheet strength, operational excellence, and the creation of value.


Jeremy Meynert – General Manager – Business Development & Investor Relations

A specialist metals and mining investment banker with extensive international experience in corporate transactions, asset acquisition and divestment and global capital markets. Jeremy is responsible for the Company’s transactional corporate development activities and investor, analyst and media relations functions.


What is your rationale for attending 121 Mining Investment?

Resolute is attending 121 to connect with both existing and new investors.


What recent news would you like to highlight to investors attending?

2018 was a transformational year for Resolute with the release of updated feasibility studies for Syama, Ravenswood and Bibiani, a major resource upgrade, stunning exploration results from drilling activities at the Tabakoroni and Nafolo deposits at Syama and the commencement of sub-level caving at Syama.


What are your key goals for the next 3, 6 and 12 months?

3 Months:
Ramp-up of Syama

6 Months:
Ramp-up and full automation of Syama

12 Months:
Delivering on operational targets, pursuing accretive growth opportunities and creating shareholder value


In a sentence, what do you think makes your company such a compelling investment?

Resolute is a proven operator with a portfolio of long life, low cost, large scale assets and a track record of successfully operating in Africa; compelling valuation proposition with valuation upside from delivery of Syama.