• Life-of-mine average production of 170koz pa over 13 years
• Post-tax project NPV5% of US$1.46bn and IRR of 49% at US$3,000/oz gold price
• First 5 years average annual production of 204koz at AISC of US$1,294/oz

Resolute Mining has announced the results of an updated Definitive Feasibility Study (DFS) for the Doropo Gold Project in Côte d'Ivoire. The updated DFS, compiled by Lycopodium, builds on the previous 2024 DFS and outlines a larger project with a 55% increase in ore, a 3-year longer mine life, higher average life of mine production, and compelling financials. Key highlights include a life-of-mine average production of approximately 170koz per annum over 13 years (for total production of 2.2Moz) from mill feed of 59Mt grading 1.31g/t. The DFS delivers significant returns with a post-tax project NPV5% of US$1.46bn and an IRR of 49% at a conservative gold price assumption of US$3,000/oz. In the first five years, average annual gold production is 204koz at an AISC of US$1,294/oz, generating average annual free cash flow of US$268M and a payback period of under two years. The updated DFS strengthens Resolute's path to becoming a highly diversified gold producer across multiple assets and countries, targeting annual production of over 500kozpa from 2028.

At a US$3,000/oz gold price, the Doropo project is expected to generate average annual gold production of 169koz over the 13-year life of mine, with average annual EBITDA of US$294M and average annual free cash flow (post-tax) of US$214M.

Resolute is confident of the potential for future mine life extensions at Doropo through growing the existing resources and exploration potential on the permits. The company plans to expedite financing discussions to advance the project through construction, with the goal of achieving first gold production in H1 2028.