RSG.ASX: Guinea Exploration Permits Update

Guinea Exploration Permits Update

Stock	Resolute Mining Ltd (RSG.ASX)
Release Time	29 May 2025, 8:22 a.m.
Price Sensitive	Yes

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Resolute Mining Updates on Guinea Exploration Permits

Key Points

Resolute has three exploration permits in Guinea
Initial Inferred Mineral Resource Estimate of 357 koz of contained gold
Resolute has agreed to transfer these permits to AngloGold Ashanti

Full Summary

Resolute Mining Limited has been made aware of media reports regarding the possibility of a large number of exploration permits being revoked in Guinea. The company has three exploration permits in Guinea (Niagassola, Doko and Siguiri-Kouroussa) with an Initial Inferred Mineral Resource Estimate of the Mansala Prospect of 8.4 Mt grading 1.3 g/t Au for 357 koz of contained gold, which was announced in 2024 following a two-year drilling programme. As announced on 1 May 2025 as part of the Doropo acquisition, Resolute has agreed to transfer these exploration permits to AngloGold Ashanti, subject to government approval. The company is seeking further information and clarification from the Government of Guinea on the matter and will provide further updates in due course.