TIDMRSG

RNS Number : 0307N

Resolute Mining Limited

27 September 2021

27 September 2021

Resolute Mining Limited

(Resolute or the Company)

Syama Sulphide Processing Circuit Update

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Resolute Mining Limited (Resolute or the Company) (ASX/LSE: RSG) advises that the planned 36 day shutdown of the Syama sulphide processing circuit in October 2021 (refer to ASX announcement dated 29 July 2021) has been deferred to February 2022.

The key activity planned in this shutdown is a refurbishment of the Roaster refractory lining. Condition monitoring systems implemented in the last major shutdown in late 2019 show that the Roaster structure remains in good condition and supports the delay of the shutdown to February 2022. Performance of the sulphide processing circuit during the September quarter has been in line with the prior quarter and expectations. Deferral of the shutdown reduces potential delays associated with an extended wet season and rainfall which has, to date, been higher than average.

A seven day shutdown is now planned to commence in late October 2021 to complete routine maintenance, install an onstream analyser and sulphide cleaner cells, which are expected to further improve the performance of the sulphide processing circuit.

A mill re-line which had previously been scheduled for mid-2022 will be brought forward to align with the revised shutdown in February 2022 to minimise down-time.

Resolute maintains its production guidance of between 315,000oz to 340,000oz at an all in sustaining cost per ounce of between US$1,290/oz and US$1,365/oz reflecting t he additional sulphide gold production in the December quarter offset by the impacts of a wetter than expected September 2021 quarter.

For further information, contact:

 
 Resolute                                Berenberg (UK Corporate Broker) 
  Stuart Gale, Chief Executive            Matthew Armitt / Detlir Elezi 
  Officer                                 Telephone: +44 20 3207 7800 
                                          Tavistock (UK Public Relations) 
  James Virgo, GM Finance and Investor    Jos Simson / Oliver Lamb 
  Relations                               Telephone: +44 207 920 3150 / +44 778 
                                          855 4035 
  Telephone: +61 8 9261 6100              Email: 34T resolute@tavistock.co.uk 34T 
  Email: 34TU contact@rml.com.au 
  U34T                                    FTI Consulting (Australian media) 
  Web: 34T www.rml.com.au 34T             Cameron Morse / James Tranter 
                                          Telephone: +61 433 886 871 
                                          Email: 34T cameron.morse@fticonsulting.com 
                                          34T

Authorised by Mr Stuart Gale, Chief Executive Officer

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END

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September 27, 2021 01:59 ET (05:59 GMT)

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