Transforming world class gold assets into an outstanding businessJuly 2016

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Resolute is a global gold

producer, explorer,

developer and innovator.

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Investment Highlights

• Two high margin operating gold mines and a longer term development project

• Currently operating the 250koz Syama Gold Mine in Mali and the 100koz+ Ravenswood Gold Mine in Queensland, Australia

• Bibiani Gold Project in Ghana provides longer term growth option

• Extensive exploration footprint along the highly prospective Syama Shear and greenstone belts in Mali and Cote d’Ivoire

• Strong organic growth profile

• Syama Underground Mine – a long life low cost opportunity

• Ravenswood Extension Project – the future beyond Mt Wright

• Bibiani Gold Project – large scale gold deposit with infrastructure in place

• Significant reserve and resource inventory

• Gold reserves of 5.3Moz

• Gold resources of 14.3Moz (inclusive of reserves)

• Proven track record of replenishing reserves

• Strong balance sheet

• Significant cash balance and bullion reserves as at 30 June 2016 of A$101M

• No senior secured or corporate debt

• Balance sheet flexibility and strength

• Experienced board and management team

• High calibre personnel with operational expertise

• Global experience across all phases of the mining cycle (operator developer explorer)

• Expertise to drive operational innovation and performance excellence 3

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ASX Code RSG

Shares on issue 656M

Share Price as at 6 July 2016 A$1.55

Market Capitalisation as at 5pm, 6 July 2016 A$1.02B (US$760M)

Cash and Bullion as at 30 June 2016 A$101M

Debt as at 30 June 2016 A$26M

FY17 Production Guidance 300koz at AISC of US$934/oz 4

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Reserve and Resource inventory

14.3Moz: 5.3Moz in Reserves and 9.0Moz in Resources (exclusive of reserves)

5

0.5 0.5 0.41.3 1.7

2.53.8

1.5

4.02.6

4.5 4.43.0

7.15.3

1.02.0 2.3

4.15.2

5.5

5.0

7.4

5.26.8

5.9 6.6 8.9

6.89.0

0

5

10

15

20

TRY RMS MML BDR SAR RRL AQG NST SBM TGZ EDV EVN OGC PRU RSG

ASX Peer Reserve and Resource Inventory Comparison (Moz)

Reserves "Moz" Resources "Moz"

Source: Company information as at 27/8/15

5.3

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Market valuation – (African Gold Peers)

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350 234 168 136 131 130 104 87 65 55 51 47 46 40 34 31 20 19 15 14 12 12 11 9 7 40

100

200

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400

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EV / Resource (US$/Oz AU)

Source: Macquarie Bank, Company Announcements as at 30 June 2016, Select companies; 1. Values adjusted to financial year ending June 30; 2. Alacer excluded from the average

646 569 429 343 270 250 216 184 172 141 139 132 123 111 104 96 72 42 39 33 32 280

200

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EV/Reserve (US$/Oz AU)

Average = 70

Average = 190

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Valuation Metrics – ASX Peers

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65.8 27.4 17.9 16.7 15.8 13.2 11.7 11.1 10.3 9.6 8.6 8.6 6.9 6.3 5.3 4.6 1.6

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10.2 9.8 8.8 7.1 6.7 6.5 5.6 5.2 4.9 4.7 4.7 3.9 3.2 2.6 2.5 2 1.8 0.8 0.5

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Source: Macquarie Bank, Company Announcements as at 30 June 2016, Select companies; 1. Values adjusted to financial year ending June 30

Average = 11

Average = 4.8

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Transformation has started• Balance sheet strengthening – all senior and secured debt

repaid

• Developing long mine life opportunities at our existing projects

• Reducing All-In-Sustaining-Costs (AISC) through innovation

• New Executive Team building enhanced performance based culture

• Diversifying our production base

• Ambition to produce >450koz from 3 operations by 2020

• Prioritising shareholder returns

• Applying our operational expertise globally

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New Executive Team leading a high performance culture

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John WelbornManaging Director

& CEO

Peter BeilbyChief Operating Officer

David KellyGM - Corporate Strategy

Paul HenharenGM - Project Delivery

Greg FitzgeraldChief Financial Officer

Bruce MowatGM - Exploration

Vanessa HughesGM - People, Culture & Info.

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1. Going underground at

Syama: developing a robust,

long life flagship gold mine.

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Key statistics

RSG ownership 80%

Commissioned 2009

Production Guidance FY16 210koz

AISC Guidance FY16 US$880/oz

Mine life Beyond 2028

Total Reserves 3.5Moz

Reserve grade 2.6g/t

Total Resources 3.2Moz

Resource grade 2.4g/t

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Current operations at Syama

Oxide Circuit

• Completed in FY15 below budget and ahead of

schedule

• Operating at ~1.3Mtpa throughput, ~80,000oz/pa

• Oxide ore bodies optimization program

• Significant further Satellite ore body potential

Sulphide Circuit

• Ore Stockpile of +5Mt @ ~2g/t

• +2Mtpa throughput capacity

• Stable operating performance and aiming for +80%

recoveries

Site Production capable of +250,000oz/pa13

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Syama: a robust, long life flagship

• Underground Definitive Feasibility Study

(DFS) published June 2016

• Life of Mine All-in-Sustaining-Costs of US$881 per ounce

• Initial operating life of more than 12 years

• Total Syama Gold Mine production will grow to 250,000 ounces per annum

• Pre-production capital of US$95 million -fully funded from current balance sheet and future operating cash flows

• Substantial upside with opportunities to extend mine life, increase mining recovery and further reduce All-In-Sustaining-Costs

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Innovation and improvement focus

• Processing enhancements

Flotation Tails CIL: the calcine CIL circuit will be repurposed to treat the flotation tails

New Calcine CIL: a new dedicated calcine CIL circuit will be designed and installed

Regrind: the coarse calcine product will now be reground prior to CIL

Upgrade of current flotation circuit

• Mine design upgrades

Twin decline design: ventilation and haulage capacity increased

Now able to consider alternative haulage e.g. conveyor

Internal ore passes: reduces tramming and improves loading efficiency

Draw points orientated perpendicular to regional stress direction

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Syama: building on the success of Mt Wright

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Characteristics Mt Wright Syama UG

Oz/vertical metre 2,400oz/m 6,300oz/m

Tonne of stope ore/metre

of development

318t/m of total

development

343t/m of total

development

Vertical advance per year 51m/yr LoM average 39m/yr LoM average

Grade 2.73g/t 2.81g/t

Steady state production

rate1.5Mtpa 2.4Mtpa

Mine life11 yrs from start, 7.5yrs

as SLS

12+ yrs from start, 10yrs

as SLC

Design depth 850m below surface 600m below surface

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0m

57

5m

SCALE COMPARISON

PLAN VIEW

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2. Ravenswood mine life

extension: a strong future

beyond Mt Wright.

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Key statistics

RSG ownership 100%

Acquired 2004

Production Guidance FY16 105koz

AISC Guidance FY16 US$900/oz

Total Reserves 1.3Moz

Total Resources 3.0Moz

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Mt Wright: a world leadingoperation

• Excellent operating history at Mt Wright

• World first mining approach – sub-level shrink

stoping with fill

• Highly productive, low cost extraction of 2-3g/t

deposit

• Learnings to be applied in Resolute's global

operations

0

25,000

50,000

75,000

100,000

125,000

150,000

10/11 11/12 12/13 13/14 14/15

OU

NC

ES

Ravenswood Gold Production

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Ravenswood Extension Project

• Ravenswood Extension Project to combine and optimize all recent studies for key deposits at Ravenswood including:

Sarsfield -1.2Moz Reserve & 1.3Moz

Resource (excusive of Reserve)

Buck Reef West (1.2Moz Resource)

Nolans East (71Koz Reserve)

• Targeting a +10 year extension project with compelling financial metrics

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Ravenswood: Sarsfield

• Reserves: 47.1Mt @ 0.8g/t (1.17Moz)

• Resources: 58.8Mt @ 0.7g/t (1.36Moz,

exclusive of reserves)

• Majority of drilling < 400m.

• Further potential:

At depth and to north-east of pit

Along strike of Buck Reef Fault

Possible post-mineralisation fault offsets

(e.g. BRW)

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Sarsfield – E-W section

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Ravenswood: Buck Reef West

• Resources: 41.8Mt @ 1.0g/t (1.28Moz)

• High grade at intersection with quartz-

sulphide lodes.

• East dip / north-east plunge to

mineralisation.

• Depth extension offset by late faults.

• Further potential:

Buck Reef Deeps (U/G resource)

Along strike / down plunge of Buck Reef

Fault

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Buck Reef West – N-S section

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Ravenswood: Welcome Breccia

• Located 40km NW of Ravenswood (on current

mining lease)

• Intrusion-related hydrothermal-magmatic

breccia pipe

• Granodiorite host

• Previous mining (1994) to approx. 25m depth

• Deeper mineralisation discovered in 2010

• Resource: 2.04Mt @ 3.2g/t (210koz)

• Potential supplement to open pits

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Taken from ASX release 14/04/2010

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3. Bibiani: Positive Feasibility

Study confirms pathway to

production.

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Study outputs

RSG ownership 90%

Feasibility Study Completed June 2016

Mining Rate 1.2Mtpa

Mining Grade 3.7g/t

Annual Production >100koz

AISC US$858/oz

Total Reserves 0.6Moz

Total Resources 1.1Moz

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Bibiani: pathway to productiondemonstrated• Initial Ore Reserve of 5.4Mt @ 3.7g/t

containing 640,000oz of gold

• Mine plan to produce up to 1.2Mtpa of underground ore

• Initial operating life of 5 years with production of approximately 100,000oz per annum

• Start-up capital of US$72M including US$29M of underground mining equipment

• Short timeline to production expected with only a 9-month development and refurbishment period

• Life of Mine All-in-Sustaining-Costs of US$858/oz

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Bibiani: upside

• A substantial gold deposit:

Production to date of ~4Moz

1.7Moz Total Resource

• Inferred Resource of 4.5Mt @ 4.1g/t

• Potential to convert to Indicated with further drilling

• Inferred Resources can be accessed from planned decline – very little additional cost to reach these resources

• Original workings at Bibiani extend to around 800m depth

• Current 1.7Moz Total Resource lies between the pit base at 200m below surface, and the limit of drilling, at around 600m below surface.

• Open at depth29

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Bibiani Next Steps

• Design drilling programs for

resource upgrade and extension

• Commence environmental studies

and mining approvals process

• Ongoing optimization studies

• Mine design enhancement

• Refinement of stope parameters

and ground support designs

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Why invest in Resolute?• Large Reserve & Resource inventory

• Operational expertise earned through 25+ years experience

• Senior debt eliminated, profitability improving

• New Executive Team leading cultural and performance transformation

• Undervalued based on key metrics

• Organic growth opportunities:

• Syama Underground Mine – a long life low cost opportunity

• Ravenswood Extension Project – a confirmed future beyond Mt Wright

• Bibiani Gold Project – Positive Feasibility Study for advanced large scale gold project

• Focus on shareholder returns31

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Disclaimer

This presentation includes certain statements, estimates and projections with respect to the future performances of Resolute. Such statements, estimates and projections reflect variousassumptions concerning anticipated results, which assumptions may prove not to be correct. The projections are merely estimates by Resolute, of the anticipated future performance of Resolute’sbusiness based on interpretations of existing circumstances, and factual information and certain assumptions of economic results, which may prove to be incorrect. Such projections and estimatesare not necessarily indicative of future performance, which may be significantly less favourable than as reflected herein. Accordingly, no representations are made as to the fairness, accuracy,correctness or completeness of the information contained in this presentation including estimates or projections and such statements, estimates and projections should not be relied upon asindicative of future value, or as a guarantee of value of future results. This presentation does not constitute an offer, invitation or recommendation to subscribe for or purchase securities inResolute Mining Limited.The information in this report that relates to the Exploration Results, Mineral Resources and Ore Reserves is based on information compiled by Mr Richard Bray who is a Registered ProfessionalGeologist with the Australian Institute of Geoscientists and Mr Andrew Goode, a member of The Australasian Institute of Mining and Metallurgy. Mr Richard Bray and Mr Andrew Goode both havemore than 5 years’ experience relevant to the styles of mineralisation and type of deposit under consideration and to the activity which they are undertaking to qualify as a Competent Person, asdefined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr Richard Bray and Mr Andrew Goode are full time employeesof Resolute Mining Limited Group and each hold equity securities in the Company. They have consented to the inclusion of the matters in this report based on their information in the form andcontext in which it appears. This information was prepared and first disclosed under the JORC Code 2004. Except where noted, it has not been updated since to comply with the JORC Code 2012on the basis that the information has not materially changed since it was last reported.In providing this presentation, Resolute has not considered the objectives, financial position or the needs of the recipient. The recipient should obtain and rely on its own financial advice from itstax legal accounting and other professional advisers in respect of the recipients objectives financial position and needs. To the maximum extent permitted by law neither Resolute nor its relatedcorporations ,directors, employees or agents nor any other person accepts liability for any loss arising from the use of this presentation or its contents or otherwise arising in connection with it.You represent and confirm by attending and or retaining this presentation that you accept the above conditions.

ASX:RSG | www.rml.com.au

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