• Acquisition of Doropo and ABC projects in Côte d'Ivoire for $150 million
• Doropo is a definitive feasibility stage project with 1.88Moz reserve
• Acquisition to increase Resolute's annual gold production to over 500koz

Resolute Mining Limited has signed an agreement to acquire the Doropo and ABC gold projects in Côte d'Ivoire from AngloGold Ashanti for a total cash consideration of US$150 million. The acquisition includes an upfront payment of US$25 million on closing, US$50 million 18 months after closing, and US$75 million 30 months after closing. The transaction also includes a 2% royalty over the ABC Project and a US$10 million contingent payment upon the completion of a feasibility study for the ABC Project that outlines a Mineral Reserve of at least 1Moz. Resolute will also transfer all of its exploration permits in Guinea to AngloGold, subject to government approval. The Doropo Project is a definitive feasibility study stage project located in the northeast of Côte d'Ivoire with a Mineral Reserve of 1.88Moz grading 1.53 g/t Au. The 2024 DFS outlined an open pit operation, producing an average of 167koz per annum at an average AISC of US$1,047/oz over 10 years. Resolute intends to optimize and de-risk the 2024 DFS through a number of workstreams, including aligning the reserve gold price assumption with its Group R&R, optimizing the design layout, exploring the addition of diesel backup power, and refreshing cost estimates. The Company expects to reach a final investment decision by the end of 2025, followed by approximately two years of construction and first production by mid-2028. The ABC Project is a greenfield exploration project with an Inferred Mineral Resource Estimate of 2.16Moz grading 0.9 g/t Au. Resolute believes this acquisition is highly accretive and will materially increase its annual gold production to above 500koz, complementing its existing operations in Mali and Senegal.

The 2024 DFS for the Doropo Project outlined an average annual gold production of 167koz at an average AISC of US$1,047/oz over 10 years.

Resolute expects to reach a final investment decision on the Doropo Project by the end of 2025, followed by approximately two years of construction and first production by mid-2028. The Company also plans to invest in targeted drilling programs at the ABC Project to explore higher grade targets.