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Resolute Mining Ltd.

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Summary

Project:

Ravenswood

Deposit:Ravenswood
Location:Australia
Commodities:Gold
Date:2/18/2020
Report Code:JORC
Report Type:Resource Estimation
Project Stage:Active Mining & Production
Report details:18-2-2020: Resolute Mining Ltd. announces a Resource Estimation report for its Ravenswood deposit at the Ravenswood project. Updated Mineral Resource and Reserve Estimate for the Ravenswood Mine. Resolute Mining Limited (ASX/LSE: RSG, Resolute or the Comp
Resources:(Reserves, P+P): 115.52Mt @ 0.7g/t Au (2,730koz Au)
CP/QP:[Resources]: Nic Johnson, David Mackay (MPR Geological Consultants Pty Ltd.;Internal)
ABSTRACT:Resolute Mining Limited (ASX/LSE: RSG, Resolute or the Company) is pleased to announce the Company’s Annual Ore Reserve and Mineral Resource Statement as at 31 December 2019. Global Ore Reserves have increased to 7.4 million ounces (Moz) of gold and Global Mineral Resources have increased to 19.1Moz of gold. Global Ore Reserves and Global Mineral Resources include, on a 100%-basis, gold inventories managed and controlled by Resolute (referred to below as Managed Ore Reserves and Managed Mineral Resources respectively) and, on an attributable basis, gold inventories held within the Company’s strategic equity investments. These balances are consistent with the Company’s previously published position as at 31 December 2018 (see ASX Announcement dated 13 February 2019). A detailed breakdown of the Company’s Ore Reserves and Mineral Resources as at 31 December 2019 is presented in the tables below. The 2019 Annual Ore Reserve Statement is included at Table 4 and the 2019 Annual Mineral Resource Statement is included at Table 5. On a fully attributable basis, recognising Resolute’s direct share (net of Government interests) as at 31 December 2019, the Company held Ore Reserves of 6.6Moz of gold and Mineral Resources of 17.2Moz of gold.

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