TIDMRSG

RNS Number : 3411L

Resolute Mining Limited

10 September 2021

10 September 2021

Resolute Mining Limited

(Resolute or the Company)

US$30 million voluntary debt repayment

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Resolute Mining Limited (Resolute or the Company) (ASX/LSE:RSG) is pleased to advise the early voluntary repayment of an additional US$30 million on the Company's Revolving Credit Facility (RCF).

The repayment was made from the first instalment of proceeds received on the sale of the Bibiani Gold Mine and brings Resolute's total voluntary repayments in 2021 to US$50 million, strengthening the balance sheet and reducing borrowing costs.

The early repayment reduces the RCF balance to US$100 million while Resolute retains the flexibility to redraw funds to the US$150 million threshold, up until the maturity date in March 2023.

A summary of Resolute's debt maturity balances following the US$30 million repayment shown in the full report, available at www.rml.com.au

Resolute's first scheduled debt repayment under the Term Loan Facility is at the end of September 2021 and is expected to be funded from cash flows.

For further information, contact:

 
 Resolute                                Berenberg (UK Corporate Broker) 
  Stuart Gale, Chief Executive            Matthew Armitt / Detlir Elezi 
  Officer                                 Telephone: +44 20 3207 7800 
  James Virgo, GM Finance and Investor    Tavistock (UK Public Relations) 
  Relations                               Jos Simson / Oliver Lamb 
                                          Telephone: +44 207 920 3150 / +44 778 
  Telephone: +61 8 9261 6100              855 4035 
  Email: 34TU contact@rml.com.au          Email: 34T resolute@tavistock.co.uk 34T 
  U34T 
  Web: 34T www.rml.com.au 34T             FTI Consulting (Australian media) 
                                          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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September 10, 2021 02:00 ET (06:00 GMT)

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