Picture of Resolute Mining logo

RSG Resolute Mining News Story

0.000.00%
au flag iconLast trade - 00:00
Basic MaterialsAdventurousMid CapHigh Flyer

REG - Resolute Mining Ltd - Initial Mineral Resource at La Debo

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20251118:nRSR9108Ha&default-theme=true

RNS Number : 9108H  Resolute Mining Limited  18 November 2025

18 November 2025

 

Initial Mineral Resource Estimate at La Debo Project, Côte d'Ivoire

 

Resolute Mining Limited ("Resolute" or "the Company") (ASX/LSE: RSG), the
Africa-focused gold miner, is pleased to announce an initial Mineral Resource
Estimate ("MRE") at the La Debo Project in Côte d'Ivoire - a strategically
important jurisdiction for Resolute.

La Debo is one of Resolute's key exploration assets in Côte d'Ivoire. The new
MRE comprises 643 koz of contained gold which is 60% larger than historical
estimates. This has been achieved through exploration success at the G3S
prospect on the La Debo permit. The focus of future exploration is on
extending the high-grade mineralisation at G3S as well as drill testing
targets in the south-western half of the permit. In October 2025, Resolute was
granted two new exploration permits, Serihio and Okroyou, that are contiguous
to the south of the La Debo permit. Resolute plans to start exploration across
these permits in 2026 and sees potential for the resources at the La Debo
project to expand further. Depending on results, the MRE may be updated in
late 2026.

The Company has over 7 Moz of gold resource across three assets in Côte
d'Ivoire. Doropo is the most advanced project with an updated feasibility
study expected in December 2025. Following this and granting of the
exploitation permit, construction is planned to commence in 2026 with first
gold production in 2028. The Company's other exploration project in Côte
d'Ivoire is the ABC Project which has a current MRE of 2.2 Moz. An exploration
program consisting of approximately 25,000m of RC drilling has commenced and
will continue over the next six months.

Exploration remains central to Resolute's growth strategy and a key driver of
long-term shareholder value. The Company's ongoing exploration programs are
designed to expand resource potential, extend mine life, and unlock new
opportunities across its portfolio. In addition to the active exploration
campaigns in Côte d'Ivoire, the Company expects to announce updates on its
exploration and mine extension activities in Senegal before year-end,
reinforcing its commitment to sustained value creation through discovery and
development.

 

Highlights

•    Inferred Mineral Resource Estimate for La Debo (G3N and G3S
prospects) of 17.6Mt grading 1.14 g/t Au for 643 koz of contained gold at
0.5g/t cut-off grade versus the historic resource of 400koz grading 1.3 g/t at
0.3 g/t cut-off

•    The gold mineralisation at G3N and G3S is from surface with
consistent along strike and downdip grade continuity

•    The Mineral Resources at the G3N and G3S prospects remain open down
dip with grades encountered so far increasing at depth at G3S

•    Future exploration will focus on extending mineralisation at depth
at G3S as well as testing the strong gold anomaly at the G1 prospect area to
the southwest

 

 

 

Chris Eger, Managing Director and CEO commented:

"We are pleased to release an initial JORC resource for the La Debo project in
Côte d'Ivoire. The exploration team has done a great job adding over 250 koz
of contained gold to the historic resource.

The initial MRE of over 640koz of contained gold forms a strong foundation at
La Debo. We are confident of expanding the resources further and will continue
exploration over other prospects on the La Debo permit. Moreover, initial
exploration work is planned on the two newly granted exploration permits that
are only 15 km from the resource announced today.

I would like to highlight that Resolute now has three projects in Côte
d'Ivoire - two exploration (La Debo and ABC) and one development (Doropo) -
all of which have sizeable gold resources outlined. The country is a key
jurisdiction for the Company as we focus on progressing Doropo towards
construction.

Overall, today's result demonstrates Resolute's ability to create value
through exploration. With exploration projects in Côte d'Ivoire, Senegal and
Guinea, Resolute is well-positioned to continue building a diversified
pipeline of high-quality projects."

 

Côte d'Ivoire Portfolio

As shown on Figure 1, Resolute has three projects in Côte d'Ivoire - Doropo,
ABC and La Debo - which have a combined gold resources of over 7 Moz.

Doropo is a development project in the northeast of the country. An update of
the DFS is underway and is expected to be complete by year-end. Resolute is
awaiting granting of the Exploitation Permit after which construction
activities are expected to commence in H1 2026. First gold at Doropo is
targeted for 2028.

ABC is a greenfield exploration project in the western part of Côte d'Ivoire.
The Project consists of four exploration permits (Farako-Nafana, Kona, Windou
and Gbemanzo) with two further permit applications (Kato and Gouramba).
Currently there is a NI 43-101-compliant Inferred MRE of 2.16 Moz grading 0.9
g/t Au contained within the Kona permit. A first stage RC program of 10,000m
has commenced on the Farako-Nafana permit. On the Kona and Windou permits
15,000m of RC and diamond drilling has commenced.

 

Figure 1: Resolute's Projects in Côte d'Ivoire

The La Debo project is located 280 km west of Abidjan. In Q4 2024, Resolute
signed a JV agreement and can earn up to 100% of the project.

 

In 2016, an initial Preliminary Economic Assessment established a NI 43-101
compliant Inferred Mineral Resource of 400 koz at a grade of 1.3 g/t Au (at
0.5 g/t cut-off). After subsequent deeper Diamond drilling in 2022, the
resource was increased but was not reported as NI 43-101 compliant.

 

Figure 2: La Debo Project Permits and Prospect Locations

 

Drilling

Resolute commenced exploration at La Debo in December 2024 with an RC and
diamond drilling program to confirm and expand the resources over the two main
prospect areas at G3N and G3S. Drilling continued throughout 2025 with a total
of 10,037m of RC drilling and 6,600m diamond drilling completed by Resolute to
date.

In parallel with the drilling program at G3N and G3S, an extensive auger
drilling program has been completed over the south-western half of the La Debo
permit to define targets where surface geochemistry is erratic.  This program
has confirmed a strong gold anomaly at the G1 prospect area which will be
drill tested in early 2026.

The RC and diamond drilling program was successful proving the continuity of
the gold mineralisation and confirming the down dip extensions at both G3N and
G3S. Results at G3S were particularly encouraging with excellent down dip
intersections along the strike length. Select results from the program are as
follows.

LBDD0009 - 10.00m @ 4.88g/t from 142.00m

LBDD0024 - 14.00m @ 8.70g/t from 154.00m

LBDD0026 - 9.00m @ 13.40g/t from 155.00m

LBDD0028 - 16.00m @ 4.57g/t from 141.00m

LBRC0034 - 23.00m @ 5.76g/t from 22.00m

LBRC0035 - 5.00m @ 7.29g/t from 120.00m

LBRC0066 - 14.00m @ 4.40g/t from 42.00m

 

Details of the significant intersections from the drilling program are
attached as Appendix 1.

 

Figure 3. Prospects G3N and G3S

 

Mineral Resource Estimate

A Mineral Resources Estimate was undertaken on the G3N and G3S prospects
within the La Debo project area. The G3N and G3S MREs were developed using
wireframe constrained Ordinary Kriged ("OK") estimation methodology, within
Leapfrog Indicator wireframes representing a lower cut-off grade of 0.2 g/t Au
to form the mineralised envelope.

Gold mineralisation varies from approximately 10 to 50m in thickness (measured
across the zone from hanging wall to footwall) with a strike length of 1.6km
for G3N and 1.5km for G3S.

The global Mineral Resource is quoted above a cut-off of 0.5g/t.

 La Debo Mineral Resource Estimate
 Classification  Tonnes      Grade (g/t Au)  Ounces (Au)
 G3N (Inferred)  8,580,000   0.94            259,000
 G3S (Inferred)  8,978,000   1.33            384,000
 Total           17,559,000  1.14            643,000

Table 1: La Debo Mineral Resources at November 2025 (0.5g/t cut off)

The updated MRE of 643,000 oz is a 60% increase over the 400,000 oz resource
quoted by previous explorers. The G3N and G3S deposits remain open at depth
with G3S drill intersections showing the grade is increasing with depth.

 

Mineralisation

Gold mineralisation at La Debo is hosted within a sequence of sheared and
metamorphosed turbiditic sediments with some minor volcanics.  Gold is
related to shears within the meta-sediments and volcanics and the intensity of
gold mineralisation correlates with quartz-tourmaline-pyrite veins or
disseminated pyrite and veinlets within a shear.

The style of mineralisation is typical of a Birimian orogenic gold deposit.
Geometry of the gold mineralisation is NNE to NE striking and steeply
south-easterly dipping. The zones vary between 3m and 20m wide.

Figure 4. G3S Cross Section

Figure 5. G3N Cross Section

 

Future Exploration

Future exploration at La Debo will be focused on extending the high-grade
mineralisation intersected at G3S. We plan to commence drilling in the first
half of 2026 to test the G3S extensions. Depending on results, the MRE at La
Debo may be updated in late 2026.

An extensive auger drilling program has been completed over the south-western
half of the La Debo permit to define targets where surface geochemistry is
erratic. This has confirmed a strong gold anomaly at the G1 prospect area
which will be drill tested in early 2026.

On the newly granted Serihio and Okroyou permits early-stage exploration
programs will commence in 2026.

 

 

 

Contact

 

 Resolute                                                                   Public Relations

 Matthias O'Toole-Howes                                                     Jos Simson, Tavistock

 motoolehowes@resolutemining.com (mailto:motoolehowes@resolutemining.com)   resolute@tavistock.co.uk (mailto:resolute@tavistock.co.uk)

                                                                            +44 207 920 3150

                                                                            Corporate Brokers

                                                                            Jennifer Lee, Berenberg

                                                                            +44 20 3753 3040

                                                                            Tom Rider, BMO Capital Markets

                                                                            +44 20 7236 1010

Authorised by Mr Chris Eger, Managing Director and Chief Executive Officer

 

 

 

 

Summary of La Debo Resource Parameters

A summary of JORC Table 1 is provided below for compliance regarding the
Mineral Resources reported within and in-line with requirements of ASX Listing
Rule 5.8.1.

 

Geology and Geological interpretation

Mineralisation is currently interpreted to have a relatively simple geometry,
comprising mineralised shears dipping at approximately 60 degrees to the
east-south-east.

G3N shows an unbroken mineralised zone of approximately 1.5km striking at
030°. The mineralised zone dips at approximately 60° to the ESE and shows a
relatively tabular zone

 

Sampling and sub-sampling techniques

Reverse circulation samples were collected on 1m intervals by riffle split
(dry) or by scoop (wet) to obtain a 1-3kg sample.

Diamond drill core has been systematically cut lengthwise into half core with
a diamond saw. Half core samples were selected for analysis.

Sample preparation includes oven drying, crushing to 10mm, splitting and
pulverising to 85% passing - 75μm. These preparation techniques are deemed to
be appropriate to the material being sampled.

Reverse circulation and core field duplicates were inserted by the company at
a rate of 1:20 samples.

Sampling, sample preparation and quality control protocols are of industry
standard, with the intention of ensuring an unbiased representative sample was
collected.

Drilling techniques

Drill types used include reverse circulation with face sampling bit and core
drilling using HQ and NQ sized bits.

 

Classification criteria

Mineral Resources were classified in accordance with the Australasian Code for
the Reporting of Exploration Results, Mineral Resources and Ore Reserves
(JORC, 2012).

The deposit has been classified as Inferred Mineral Resource based on a
combination of quantitative and qualitative criteria which include geologic
continuity, confidence in volume models, data quality, sample spacing, lode
continuity, and estimation parameters (number of informing composites,
estimation pass number, kriging quality parameters, and minimum and average
distance composites). Even where the geological and statistical factors may
support a higher classification, the Inferred status recognised the need for
more comprehensive metallurgical understanding.

The input data is consistent in its coverage of the modelled zones and does
not favour or misrepresent the in-situ mineralisation. The definition of the
mineralised zones is based on a moderate level of geologic understanding from
good quality sample data. Validation of the block model shows good correlation
of the input data to the block estimated grades.

 

Sample analysis method

All samples were dispatched to MSA Yamoussoukro for sample preparation and
gold analysis by Chrysos Photon Assay. The analytical method is considered
appropriate for the style of mineralisation.

No geophysical tools were used to determine elemental concentrations.

Quality control (QC) procedures included the use of certified standards
(1:40), non-certified sand blanks

(1:40) and reverse circulation/core field duplicates (1:20).

Laboratory quality control data, including laboratory standards, blanks,
duplicates, repeats, grind size results and sample weights were also captured
into the digital database.

Analysis of the QC sample assay results indicates that an acceptable level of
accuracy and precision has been achieved.

 

Basis for selected cut-off grade

The cut-off grade of 0.5g/t is selected based on this being historically used
to define the Mineral

Resources at similar deposits in terms of grade, scale and proximity to
surface in the Resolute portfolio. Further economic analysis will determine if
a different cut-off grade is more appropriate for future La Debo Mineral
Resource calculations.

 

Mining and metallurgical methods and other material modifying factors

Basic metallurgical testwork has been performed with more extensive
investigations planned for future sampling campaigns. No mining modifying
factors are yet applied to the MRE.

Competent Persons Statement

The information in this report that relates to the Exploration Results,
Mineral Resources and Ore Reserves is based on information compiled by Mr
Bruce Mowat, a member of The Australian Institute of Geoscientists. Mr Bruce
Mowat has more than 5 years' experience relevant to the styles of
mineralisation and type of deposit under consideration and to the activity
which he is undertaking to qualify as a Competent Person, as defined in the
2012 Edition of the "Australasian Code for Reporting of Exploration Results,
Mineral Resources and Ore Reserves" (the JORC Code). Mr Bruce Mowat is a
full-time employee of the Resolute Mining Limited Group and holds equity
securities in the Company. He has consented to the inclusion of the matters in
this report based on his information in the form and context in which it
appears. This information was prepared and disclosed under the JORC Code 2012
except where otherwise noted.

The information in this announcement that relates to the Mineral Resource
estimate has been based on information and supporting documents prepared by Mr
James Woodward, a Competent Person who is a member of The Australasian
Institute of Mining and Metallurgy. Mr Woodward is a full-time employee
Resolute Mining Limited Group and has sufficient experience relevant to the
style of mineralisation and type of deposit under consideration and to the
activity which has been undertaken to qualify as a Competent Person. Mr
Woodward confirms that the Mineral Resource estimate is based on information
in the supporting documents and consents to the inclusion in the report of the
Mineral Resource estimate and related content based on the information in the
form and context in which it appears.

 

Cautionary Statement about Forward-Looking Statements

This announcement contains certain "forward-looking statements" including
statements regarding our intent, belief or current expectations with respect
to Resolute's business and operations, market conditions, results of
operations and financial condition, and risk management practices. The words
"likely", "expect", "aim", "should", "could", "may", "anticipate", "predict",
"believe", "plan", "forecast" and other similar expressions are intended to
identify forward-looking statements. Indications of, and guidance on, future
earnings, anticipated production, life of mine and financial position and
performance are also forward-looking statements. These forward-looking
statements involve known and unknown risks, uncertainties and other factors
that may cause Resolute's actual results, performance and achievements or
industry results to differ materially from any future results, performance or
achievements, or industry results, expressed or implied by these
forward-looking statements. Relevant factors may include (but are not limited
to) changes in commodity prices, foreign exchange fluctuations and general
economic conditions, increased costs and demand for production inputs, the
speculative nature of exploration and project development, including the risks
of obtaining necessary licences and permits and diminishing quantities or
grades of reserves, political and social risks, changes to the regulatory
framework within which Resolute operates or may in the future operate,
environmental conditions including extreme weather conditions, recruitment and
retention of personnel, industrial relations issues and litigation.

Forward-looking statements are based on Resolute's good faith assumptions as
to the financial, market, regulatory and other relevant environments that will
exist and affect Resolute's business and operations in the future. Resolute
does not give any assurance that the assumptions will prove to be correct.
There may be other factors that could cause actual results or events not to be
as anticipated, and many events are beyond the reasonable control of Resolute.
Readers are cautioned not to place undue reliance on forward-looking
statements, particularly in the current economic climate with the significant
volatility, uncertainty and disruption caused by the COVID-19 pandemic.
Forward-looking statements in this document speak only at the date of issue.
Except as required by applicable laws or regulations, Resolute does not
undertake any obligation to publicly update or revise any of the
forward-looking statements or to advise of any change in assumptions on which
any such statement is based. Except for statutory liability which cannot be
excluded, each of Resolute, its officers, employees and advisors expressly
disclaim any responsibility for the accuracy or completeness of the material
contained in these forward-looking statements and excludes all liability
whatsoever (including in negligence) for any loss or damage which may be
suffered by any person as a consequence of any information in forward-looking
statements or any error or omission.

 

Appendix 1: Recent Drilling Results

La Debo

 Hole_ID   North (WGS)  East (WGS)  RL    Dip  Azi     EOH     From   To     Width  Au

                                    (m)        (WGS)   (m)     (m)    (m)    (m)    (g/t)
 LBDD0008  669911       815746      227   -61  316     215     173    179    6      5.87
 LBDD0009  670243       815913      216   -61  317     215     142    152    10     4.88
 LBDD0013  664961       815388      226   -60  314     227     169    188    19     2.57
 LBDD0018  665446       815681      219   -59  316     241.55  183    208    25     1.22
 LBDD0020  665550       815708      220   -59  316     203     134    149    15     3.28
 LBDD0020  665550       815708      220   -59  316     203     156    167    11     3.02
 LBDD0021  665451       815611      214   -60  317     170.4   115    139    24     2.76
 LBDD0022  665752       815874      225   -61  316     208.1   146    161    15     3.97
 LBDD0023  665567       815770      224   -60  316     252.1   198    203    5      5.19
 LBDD0024  665781       815914      221   -59  315     213     154    168    14     8.7
 LBDD0025  665859       815970      214   -61  314     204     140    152    12     2.61
 LBDD0026  665898       816032      207   -60  315     230     155    164    9      13.4
 LBDD0027  665699       815854      227   -60  317     225     164    177    13     2.38
 LBDD0028  665829       815943      218   -60  315     212     141    157    16     4.57
 LBDD0029  664975       815442      229   -61  316     255     199    213    14     3.37
 LBDD0030  664929       815422      228   -61  316     281     224    230    6      4.31
 LBRC0010  669598       815470      218   -60  315     144     111    120    9      3.91
 LBRC0030  669975       815611      223   -60  317     78      11     40     29     1.17
 LBRC0034  670361       815850      211   -60  315     100     22     45     23     5.76
 LBRC0035  670291       815916      212   -61  315     200     120    125    5      7.29
 LBRC0038  670655       816041      215   -60  316     110     31     63     32     0.94
 LBRC0060  664969       815259      224   -60  313     140     63     82     19     1.76
 LBRC0061  664925       815262      228   -61  312     180     134    137    3      8.74
 LBRC0066  665822       815800      221   -61  314     72      42     56     14     4.4
 LDD016    665786       815834      218   -60  318     145.7   94.4   120.4  26     1.49
 LDD023    665001       815350      227   -60  314     183.2   122    130    8      3.39
 LDD024    664934       815295      236   -61  312     195.2   126    151.5  25.5   1.4
 LDD034    670558       816081      208   -59  316     171.2   117.3  132.8  15.5   1.62
 LDD039    670229       815781      228   -61  317     105.3   65     73     8      5.81
 LDD08     670591       816048      211   -60  319     120.4   77     104    27     0.93
 LDD10     670280       815797      226   -61  319     81.4    18.6   36.3   17.7   2.38
 LDD11     665582       815669      214   -61  318     156.4   80     92     12     2.57
 LRC002a   664963       815164      239   -60  135     68      61     68     7      17.27
 LRC002b   664965       815166      239   -60  135     100     68     92     24     9.68
 LRC005    665119       815297      223   -60  135     119     101    119    18     3.54
 LRC010    665655       815609      225   -60  135     100     26     48     22     5.38
 LRC014    665964       815863      213   -60  135     106     57     106    49     2.49
 LRC015    665756       815783      223   -60  315     100     83     96     13     2.3
 LRC024    665467       815514      213   -60  315     85      4      32     28     1.42
 LRC026    670789       816054      206   -60  135     69      9      39     30     1.56
 LRC031    670646       815992      217   -60  135     93      17     40     23     4.96
 LRC031    670646       815992      217   -60  135     93      46     93     47     1.6
 LRC032    670611       816032      213   -60  315     73      47     66     19     1.56
 LRC035    670257       815821      225   -60  315     112     46     51     5      5.04
 LRC035    670257       815821      225   -60  315     112     62     88     26     1.85
 LRC040    669910       815602      219   -60  315     107     50     61     11     10.19
 LRC046    651736       804767      201   -60  320     100     11     51     40     0.98
 LRC083    670305       815849      218   -60  315     114     62     79     17     2.72
 LRC084    670329       815826      217   -60  315     78      6      33     27     1.09
 LRC095    669656       815411      221   -60  315     120     38     51     13     2.03
 LRC101    665704       815701      224   -60  315     72      24     45     21     1.75
 LRC103    665512       815618      215   -60  315     150     73     90     17     1.53
 LRC106    665563       815570      220   -60  315     78      11     30     19     1.37
 LRC110    665816       815877      216   -60  315     144     101    114    13     2.05
 LRC111    665843       815849      214   -60  315     114     65     85     20     1.63
 LRC112    665861       815831      213   -60  315     72      32     44     12     2.18
 LRC116    664981       815302      230   -60  315     150     88     108    20     1.56
 LRC120    664878       815187      237   -60  315     150     36     57     21     1.3
 LRC121    664896       815169      236   -60  315     120     0      30     30     2.74
 LRC122    664909       815156      235   -60  315     114     0      5      5      10.17
 LRC123    664933       815134      232   -60  315     72      7      14     7      13.39
 LRC127    670714       816038      216   -60  315     102     1      20     19     1.7
 LRC131    670633       816005      216   -60  315     50      1      20     19     1.79
 LRC134    670396       815866      206   -60  315     66      9      19     10     2.56
 LRC146    664942       815188      238   -60  315     108     43     46     3      9.04
 LRC147    664917       815212      241   -60  315     114     28     71     43     1.05
 LRC151    665245       815406      217   -60  315     121     8      15     7      6.54
 LRC156    665798       815752      218   -60  315     70      1      23     22     3.17
 LRC158    665880       815811      215   -60  315     50      0      22     22     1.27
 LRC159    665940       815886      214   -60  315     61      13     42     29     2.36
 LRC160    665997       815932      213   -60  315     73      18     37     19     3.36
 LRC164    665608       815651      216   -60  315     139     32     64     32     0.96
 LRC172    665916       815854      214   -60  315     42      13     37     24     2.07
 LRC173    665738       815744      223   -60  315     72      46     71     25     1.09
 LRC174    665651       815696      221   -60  315     96      69     81     12     2.81
 LRC183    664965       815226      240   -60  315     84      34     63     29     1.88
 LRC203    659975       806201      228   -60  315     151     62     90     28     1.08

 

Notes to Accompany Table:

•      Grid coordinates are WGS84 Zone 29 North

•      RC intervals are sampled every 1m by dry riffle splitting or
scoop to provide a 2-3kg sample

•      Diamond core are sampled every 1m by cutting the core in half to
provide a 2-4kg sample

•      Cut-off grade for reporting of intercepts is >0.5g/t Au with
a maximum of 3m consecutive internal dilution included within the intercept;
only intercepts >=3m and >25 gram x metres are reported

•      Recent drill samples are analysed for gold by MSA Labs CPA-Au1
500g sample gamma ray analysis by photon assay instrument whilst prior drill
programs included fire assay aas techniques

 

 

 

La Debo

Section 1 Sampling Techniques and Data

 CRITERIA                                                                                           JORC CODE EXPLANATION                     COMMENTARY
 Sampling techniques                                                                                                                          Sampling has been by diamond drill coring and reverse circulation chip.

                                                          ·     Nature and quality of sampling (e.g. cut channels, random chips, or           Diamond core has been geologically logged and sampled to geological contacts
                                                          specific specialised industry standard measurement tools appropriate to the         with nominal sample lengths between 0.3m and 4.5m (most commonly 1m). Core
                                                          minerals under investigation, such as down hole gamma sondes, or handheld XRF       selected for assay is systematically cut lengthwise into half core by diamond
                                                          instruments, etc.). These examples should not be taken as limiting the broad        blade rock saw, numbered and bagged before dispatch to the laboratory for
                                                          meaning of sampling.                                                                analysis.

                                                          ·     Include reference to measures taken to ensure sample representivity           All core is photographed, wet and dry.
                                                          and the appropriate calibration of any measurement tools or systems used.

                                                                                   Reverse circulation chips are geologically logged and sampled on regular
                                                          ·     Aspects of the determination of mineralisation that are Material to           lengths of 1m. Chip material selected for assay is systematically divided to a
                                                          the Public Report.                                                                  1/8 proportion using a rotary splitter attached to the cyclone sample recovery

                                                                                   system, numbered and bagged before dispatch to the laboratory for analysis.
                                                          ·     In cases where 'industry standard' work has been done this would be

                                                          relatively simple (e.g. 'reverse circulation drilling was used to obtain 1 m
                                                          samples from which 3 kg was pulverised to produce a 30 g charge for fire
                                                          assay'). In other cases more explanation may be required, such as where there
                                                          is coarse gold that has inherent sampling problems. Unusual commodities or
                                                          mineralisation types (e.g. submarine nodules) may warrant disclosure of
                                                          detailed information.
 Drilling techniques                                                                                                                          Diamond core drilling with standard inner tubes. HQ diameter to target depth

                                                                                   where possible with some smaller NQ intervals as tails. Core is marked and
                                                          ·     Drill type (e.g. core, reverse circulation, open-hole hammer,                 oriented.
                                                          rotary air blast, auger, Bangka, sonic, etc.) and details (e.g. core diameter,

                                                          triple or standard tube, depth of diamond tails, face-sampling bit or other         Reverse Circulation drilling with 4" or 4.5" hammer and 4" rod string to
                                                          type, whether core is oriented and if so, by what method, etc.).                    target depth.
 Drill sample recovery                                                                                                                        Diamond core recoveries are measured in the core trays and recorded as

                                                                                   recovered metres and recovered % as part of the geological logging process.
                                                          ·     Method of recording and assessing core and chip sample recoveries

                                                          and results assessed.                                                               RC recoveries are monitored by chip sample weight recording. Sample weights

                                                                                   have been analysed for cyclicity with no relationship between sample weight
                                                          ·     Measures taken to maximise sample recovery and ensure                         and depth noted.
                                                          representative nature of the samples.

                                                          ·     Whether a relationship exists between sample recovery and grade and
                                                          whether sample bias may have occurred due to preferential loss/gain of
                                                          fine/coarse material.
 Logging                                                                                                                                      Diamond core has been geologically and geotechnically logged to a level of

                                                                                   detail to support appropriate classification and reporting of a Mineral
                                                          ·     Whether core and chip samples have been geologically and                      Resource.
                                                          geotechnically logged to a level of detail to support appropriate Mineral

                                                          Resource estimation, mining studies and metallurgical studies.                      Reverse circulation chip samples have been geologically logged to a level of

                                                                                   detail to support appropriate classification and reporting of a Mineral
                                                          ·     Whether logging is qualitative or quantitative in nature. Core (or            Resource.
                                                          costean, channel, etc.) photography.

                                                                                   Total length of DD logged is 6,804m. Total length of RC logged is 9,849m.
                                                          ·     The total length and percentage of the relevant intersections
                                                          logged.
 Sub-sampling techniques and sample preparation                                                                                               Historic core has been systematically cut lengthwise into half core with a

                                                                                   diamond saw.
                                                          ·     If core, whether cut or sawn and whether quarter, half or all core

                                                          taken.                                                                              RC samples representing a 1/8 split are taken directly from the rig mounted

                                                                                   cyclone by rotary splitter, sample weight is recorded, sample is bagged in pre
                                                          ·     If non-core, whether riffled, tube sampled, rotary split, etc. and            numbered plastic and sample tickets are inserted and bag is sealed for
                                                          whether sampled wet or dry.                                                         transport to preparation facility.

                                                          ·     For all sample types, the nature, quality and appropriateness of              Generally, one of each of the two control samples (blank or CRM standard) is
                                                          the sample preparation technique.                                                   inserted into the sample stream every tenth sample. An industry standard,

                                                                                   documented process of sample mark-up, core splitting, bagging and ticketing
                                                          ·     Quality control procedures adopted for all sub-sampling stages to             and recording is in place at the LaDebo site.
                                                          maximise representivity of samples.

                                                                                   All samples were submitted to external certified analytical laboratory, MSALAB
                                                          ·     Measures taken to ensure that the sampling is representative of the           in Yamoussoukro. The 3kg sample were considered appropriate samples size for
                                                          in situ material collected, including for instance results for field                Photon Assays analysis.
                                                          duplicate/second-half sampling.

                                                                                   MSA prepares the samples by weighing, drying, and crushing the entire samples
                                                          ·     Whether sample sizes are appropriate to the grain size of the                 to >70% passing 2mm, then prepared for PhotonAssay.
                                                          material being sampled.
 Quality of assay data and laboratory tests                                                                                                   Au assays are determined by Chrysos Photon assay at MSA labs in Yamoussoukro.

                                                                                   Laboratory and assay procedures are appropriate for Mineral Resource
                                                          ·     The nature, quality and appropriateness of the assaying and                   estimation.
                                                          laboratory procedures used and whether the technique is considered partial or

                                                          total.                                                                              QAQC consisted of standards, blanks and laboratory duplicates (both coarse and

                                                                                   pulp). The QAQC sample results showed acceptable levels of accuracy and
                                                          ·     For geophysical tools, spectrometers, handheld XRF instruments,               precision.
                                                          etc., the parameters used in determining the analysis including instrument

                                                          make and model, reading times, calibrations factors applied and their               The assay data is considered to be suitable for Mineral Resource estimation.
                                                          derivation, etc.

                                                          ·     Nature of quality control procedures adopted (e.g. standards,
                                                          blanks, duplicates, external laboratory checks) and whether acceptable levels
                                                          of accuracy (i.e. lack of bias) and precision have been established.
 Verification of sampling and assaying                                                                                                        All aspects of the core sampling, assay procedures and QA/QC program have been

                                                                                   reviewed and were judged to be suitable for use in the estimation of Mineral
                                                          ·     The verification of significant intersections by either independent           Resources.
                                                          or alternative company personnel.

                                                                                   Drill hole assay result data has been checked against the original hardcopy
                                                          ·     The use of twinned holes.                                                     laboratory assay reports for a representative number of holes.

                                                          ·     Documentation of primary data, data entry procedures, data                    Below detection limit values (negatives) have been replaced by background
                                                          verification, data storage (physical and electronic) protocols.                     values.

                                                          ·     Discuss any adjustment to assay data.                                         Un-sampled intervals have been retained as un-sampled (null or blank). All of
                                                                                                                                              these intervals occur within the waste domain and have no material impact on
                                                                                                                                              the estimate.
 Location of data points                                                                                                                      Drill holes have been surveyed by contractor, SEMS Exploration staff using a

                                                                                   DGPS.
                                                          ·     Accuracy and quality of surveys used to locate drill holes (collar

                                                          and down-hole surveys), trenches, mine workings and other locations used in         Downhole surveys were undertaken by the drilling contractor using a
                                                          Mineral Resource estimation.                                                        ReflexSprintIQ tool with a reading taken every 30m downhole.

                                                          ·     Specification of the grid system used.                                        Grid system is based on the UTM29N grid on the WGS84 (northern hemisphere)

                                                                                   projection.
                                                          ·     Quality and adequacy of topographic control.

                                                                                                                                              A topographic surface has been generated from the satellite images of the
                                                                                                                                              area.
 Data spacing and distribution                                                                                                                Data spacing is Generally 50x50m. This spacing is adequate to determine the

                                                                                   geological and grade continuity for reporting of a Mineral Resources.
                                                          ·     Data spacing for reporting of Exploration Results.

                                                                                   Drill samples were composited to 1m for use in the estimate.
                                                          ·     Whether the data spacing and distribution is sufficient to
                                                          establish the degree of geological and grade continuity appropriate for the
                                                          Mineral Resource and Ore Reserve estimation procedure(s) and classifications
                                                          applied.

                                                          ·     Whether sample compositing has been applied.
 Orientation of data in relation to geological structure                                                                                      Geological structures are interpreted to be steeply-dipping to the

                                                                                   south-southeast. Drilling intersects structures from the north and south
                                                          ·     Whether the orientation of sampling achieves unbiased sampling of             sides, generally dipping -60⁰ below horizontal, with azimuths at
                                                          possible structures and the extent to which this is known, considering the          approximately 315⁰.
                                                          deposit type.

                                                                                   Drill orientation was designed perpendicular to the modelled mineralisation
                                                          ·     If the relationship between the drilling orientation and the                  dipped at about 60⁰ to the south-southeast.
                                                          orientation of key mineralised structures is considered to have introduced a

                                                          sampling bias, this should be assessed and reported if material.                    The drilling orientation is adequate for a non-biased assessment of the
                                                                                                                                              orebody with respect to interpreted structures and interpreted controls on
                                                                                                                                              mineralisation.
 Sample security                                                                                                                              Labelling and submission of samples complies with industry standard.

                                                          ·     The measures taken to ensure sample security.
 Audits or reviews                                                                                                                            The competent person audited the sample preparation laboratory in 2025. No

                                                                                   material issues were found.
                                                          ·     The results of any audits or reviews of sampling techniques and
                                                          data.

Section 2 Reporting of Exploration Results

 CRITERIA                           JORC CODE EXPLANATION                                                                                               COMMENTARY
 Mineral tenement and land tenure status                                                                                                                The LaDebo Permit is held by Jofema Mineral Resources.  Toro Gold Limited

                                                                                is in a joint Venture with Jofema with Toro being the manager and sole funder
                                                                       ·     Type, reference name/number, location and ownership including              of the joint Venture.  Toro Gold Limited is a company controlled by resolute
                                                                       agreements or material issues with third parties such as joint ventures,         Limited. The permit is in good standing.
                                                                       partnerships, overriding royalties, native title interests, historical sites,
                                                                       wilderness or national park and environmental settings.

                                                                       ·     The security of the tenure held at the time of reporting along with
                                                                       any known impediments to obtaining a licence to operate in the area.
 Exploration done by other parties                                                                                                                      Past exploration has been performed by Jofema with previous partners.  Jofema

                                                                                had undertaken soil geochemistry, surface mapping, on the entire Research
                                                                       ·     Acknowledgment and appraisal of exploration by other parties.              Permit.   Pitting, Trenching, regional Auger drilling and RAB drilling have
                                                                                                                                                        identified gold anomalism which Jofema followed up with Diamond and Reverse
                                                                                                                                                        Circulation drilling
 Geology                                                                                                                                                Mineralisation is currently interpreted to be a standard Birimian orogenic

                                                                                gold deposit style. Gold is related to shears within meta-sediments and
                                                                       ·     Deposit type, geological setting and style of mineralisation.              volcanics. Intensity of gold mineralisation appears to correlate with the
                                                                                                                                                        intensity quartz-tourmaline-pyrite veins or disseminated pyrite and veinlets
                                                                                                                                                        within a shear.

                                                                                                                                                        Geometry of the gold mineralisation is generally NNE to NE striking and
                                                                                                                                                        steeply south-easterly dipping. The zones vary between 3m and 20m wide.
 Drill hole Information                                                                                                                                 Easting, Northing and RL of the drill hole collars are based on the  UTM29N

                                                                                grid on the WGS84 (northern hemisphere) projection.
                                                                       ·     A summary of all information material to the understanding of the

                                                                       exploration results including a tabulation of the following information for      The MRE has used drill hole collar RL derived from the topographical surface.
                                                                       all Material drill holes:

                                                                                Dip is the inclination of the hole from the horizontal. For example, a
                                                                       o  easting and northing of the drill hole collar                                 vertically down drilled hole from the surface is -90°. Azimuth is reported in

                                                                                degrees as the grid direction toward which the hole is drilled.
                                                                       o  elevation or RL (Reduced Level - elevation above sea level in metres) of

                                                                       the drill hole collar                                                            Down hole length of the hole is the distance from the surface to the end of

                                                                                the hole, as measured along the drill trace. Intersection depth is the
                                                                       o  dip and azimuth of the hole                                                   distance down the hole as measured along the drill trace. Intersection width

                                                                                is the downhole distance of an intersection as measured along the drill trace.
                                                                       o  down hole length and interception depth

                                                                                Drill hole length is the distance from the surface to the end of the hole, as
                                                                       o  Whole length.                                                                 measured along the drill trace.

                                                                       ·     If the exclusion of this information is justified on the basis that
                                                                       the information is not Material and this exclusion does not detract from the
                                                                       understanding of the report, the Competent Person should clearly explain why
                                                                       this is

the case.
 Data aggregation methods                                                                                                                               Samples intervals in this document are all 1m and are not composited in the

                                                                                drill intersections.
                                                                       ·     In reporting Exploration Results, weighting averaging techniques,

                                                                       maximum and/or minimum grade truncations (e.g. cutting of high grades) and       Cut-off grade for reporting is >= 0.5g/t Au with maximum 3m consecutive
                                                                       cut-off grades are usually Material and should be stated.                        interval dilution.

                                                                       ·     Where aggregate intercepts incorporate short lengths of high grade         Top-cuts have not been used in the drill intersections.
                                                                       results and longer lengths of low grade results, the procedure used for such

                                                                       aggregation should be stated and some typical examples of such aggregations      The assay intervals are reported as down hole length as the true width
                                                                       should be shown in detail.                                                       variable is not known.

                                                                       ·     The assumptions used for any reporting of metal equivalent values          Gold assays are rounded to two decimal places.
                                                                       should be clearly stated.

                                                                                                                                                        No metal equivalent reporting is used or applied.
 Relationship between mineralisation widths and intercept lengths                                                                                       The intersection width is measured down the hole trace and may not be the true

                                                                                width.
                                                                       ·     These relationships are particularly important in the reporting of

                                                                       Exploration Results.                                                             All drill results are downhole intervals only due to the variable orientation

                                                                                of the mineralisation.
                                                                       ·     If the geometry of the mineralisation with respect to the drill
                                                                       hole angle is known, its nature should be reported.

                                                                       ·     If it is not known and only the down hole lengths are reported,
                                                                       there should be a clear statement to this effect (e.g. 'down hole length, true
                                                                       width not known').
 Diagrams                                                                                                                                               A plan view is contained within this document. New cross-sectional

                                                                                interpretations are included.
                                                                       ·     Appropriate maps and sections (with scales) and tabulations of
                                                                       intercepts should be included for any significant discovery being reported
                                                                       These should include, but not be limited to a plan view of drill hole collar
                                                                       locations and appropriate sectional views.
 Balanced reporting                                                                                                                                     All significant assay results from Resolute work are provided in this report.

                                                                       ·     Where comprehensive reporting of all Exploration Results is not            The report is considered balanced and provided in context.
                                                                       practicable, representative reporting of both low and high grades and/or
                                                                       widths should be practiced to avoid misleading reporting of Exploration
                                                                       Results.
 Other substantive exploration data                                                                                                                     No other exploration data is considered meaningful and material to this

                                                                                document.
                                                                       ·     Other exploration data, if meaningful and material, should be
                                                                       reported including (but not limited to): geological observations; geophysical
                                                                       survey results; geochemical survey results; bulk samples - size and method of
                                                                       treatment; metallurgical test results; bulk density, groundwater, geotechnical
                                                                       and rock characteristics; potential deleterious or contaminating substances.
 Further work                                                                                                                                           Further regional exploration work including Auger drilling and geological

                                                                                mapping is underway over the rest of the permit to identified additional RC
                                                                       ·     The nature and scale of planned further work (e.g. tests for               and DD drill targets for additional resources. Geophysical exploration will be
                                                                       lateral extensions or depth extensions or large-scale step-out drilling).        planned as part of the future exploration of the permit.

                                                                       ·     Diagrams clearly highlighting the areas of possible extensions,
                                                                       including the main geological interpretations and future drilling areas,
                                                                       provided this information is not commercially sensitive.

 

 

 

Section 3 Estimation and Reporting of Mineral Resources

 CRITERIA                                                                               JORC CODE EXPLANATION                     COMMENTARY
 Database                                                                                                                         Data has been compiled into a relational SQL database which includes

integrity
                                                                                   validation protocols which preclude the loading of erroneous data. The data is
                                              ·    Measures taken to ensure that data has not been corrupted by, for              managed using the DataShed© (MaxGeo) drill hole management software.
                                              example, transcription or keying errors, between its initial collection and         Validation checks are conducted using SQL and DataShed© relational database
                                              its use for Mineral Resource estimation purposes.                                   standards. Data has also been checked against original hard copies for 100% of

                                                                                   the data, and where possible, loaded from original data sources.
                                              ·    Data validation procedures used.

                                                                                                                                  Resolute completed the following basic validation checks on the data supplied
                                                                                                                                  prior to resource estimation:

                                                                                                                                  ·      Drill holes with overlapping sample intervals.

                                                                                                                                  ·      Sample intervals with no assay data or duplicate records.

                                                                                                                                  ·      Assay grade ranges.

                                                                                                                                  ·      Collar coordinate ranges.

                                                                                                                                  ·      Valid hole orientation data.

                                                                                                                                  No significant issues were identified in the data.
 Site visits                                                                                                                      Mr. James Woodward, a full-time employee of Resolute Mining Limited and a

                                                                                   Member of the AUSIMM, consents to act as the Competent Person (CP) for this
                                              ·    Comment on any site visits undertaken by the Competent Person and the          release. The CP visited the project site in September 2025. This included
                                              outcome of those visits.                                                            company offices, core processing and sample storage facilities and several

                                                                                   drill hole sites. An audit of the 3(rd) party lab facility was also made. In
                                              ·    If no site visits have been undertaken indicate why this                       the opinion of the CP, all processes are well managed and executed to a good

is the case.                                                                       standard. No site related factors were identified that might materially reduce
                                                                                                                                  the validity of the input data to the Mineral Resource Estimate.
 Geological interpretation

                                              ·    Confidence in (or conversely, the uncertainty of) the geological               The geological logging data for key features coincident with mineralisation
                                              interpretation of the mineral deposit.                                              were used to validate the mineralisation model. Overall, the geology and

                                                                                   mineralisation data correlate as expected according to the prevailing
                                              ·    Nature of the data used and of any assumptions made.                           geological interpretation.

                                              ·    The effect, if any, of alternative interpretations on Mineral                  The mineralised volume has been constructed a lower cut-off of 0.2 g/t Au.
                                              Resource estimation.                                                                For G3N and the southern domain of G3S, the mineralised domains were modelled

                                                                                   using an Indicator Interpolant method in Leapfrog software, guided by a
                                              ·    The use of geology in guiding and controlling Mineral Resource                 sectional interpretation of the trend of mineralisation. The northern domain
                                              estimation.                                                                         of G3S was modelled using the Vein Modelling workflow in Leapfrog.  Visual

                                                                                   checks of the mineralisation model against assay data saw iterative
                                              ·    The factors affecting continuity both of grade and geology.                    adjustments to avoid overstating volume in areas of lower sample support.

                                                                                                                                  There is a moderate level of confidence in the interpretation of the
                                                                                                                                  mineralised zones.

                                                                                                                                  The factors affecting continuity of both grade and geology are likely to be
                                                                                                                                  associated with local complexity related to the understanding of fluid
                                                                                                                                  pathways in the host rock. Knowledge of these is somewhat limited with the
                                                                                                                                  current spacing of information.
 Dimensions                                                                                                                       Gold mineralisation has been estimated across two separate zones, locally

                                                                                   called G3N and G3S.
                                              ·    The extent and variability of the Mineral Resource expressed as

                                              length (along strike or otherwise), plan width, and depth below surface to the      G3N shows an unbroken mineralised zone of approximately 1.5km striking at
                                              upper and lower limits of the Mineral Resource.                                     030°. The mineralised zone dips at approximately 60° to the ESE and shows a
                                                                                                                                  relatively tabular zone which anastomoses into two zones at the southern
                                                                                                                                  extent. Thickness varies from approximately 10 to 20m per zone along the
                                                                                                                                  strike length, measured across the zones from hangingwall to footwall.
                                                                                                                                  Mineralisation is defined to approximately 240m vertical depth from the
                                                                                                                                  topography and is encountered from surface. The mineralisation is apparently
                                                                                                                                  open to depth.

                                                                                                                                  G3S shows a similar mineralised strike length of approximately 1.5km, striking
                                                                                                                                  at 040°, albeit broken into northern and southern domains, separated by a
                                                                                                                                  200m zone of minor anomalism not yet included in a coherent mineralised
                                                                                                                                  domain. The northern domain consists of two stacked tabular zones, dipping at
                                                                                                                                  approximately 65° to the SE, with a combined thickness of up to 30m measured
                                                                                                                                  across the zones from hangingwall to footwall. The southern domain is modelled
                                                                                                                                  as a single mostly tabular zone, also dipping approximately 65° to the SE,
                                                                                                                                  with a thickness up to 30m measured across the zone. Mineralisation is defined
                                                                                                                                  to approximately 220m vertical depth from the topography and is encountered
                                                                                                                                  from surface. The mineralisation is apparently open to depth.
 Estimation and modelling techniques                                                                                              Estimation of gold grade used an Ordinary Kriging (OK) workflow.

                                                                                   Mineralisation was constrained using wireframes constructed in Leapfrog Geo at
                                              ·    The nature and appropriateness of the estimation technique(s) applied          a lower cut-off grade of 0.2g/t. These wireframes defined domain codes for
                                              and key assumptions, including treatment of extreme grade values, domaining,        estimation. Drillholes were flagged with the domain code and composited using
                                              interpolation parameters and maximum distance of extrapolation from data            the domain code to segregate the data.
                                              points. If a computer assisted estimation method was chosen include a

                                              description of computer software and parameters used.                               Domain boundary analysis identified hard boundaries were appropriate for all

                                                                                   domains.
                                              ·    The availability of check estimates, previous estimates and/or mine

                                              production records and whether the Mineral Resource estimate takes appropriate      Drillholes were composited to 1m intervals using Leapfrog Geo 2025.1 with
                                              account of such data.                                                               residual lengths distributed evenly across all composites within the domain.

                                              ·    The assumptions made regarding recovery of by- products.                       The influence of extreme gold assays was limited by top-cutting assays across

                                                                                   all domains. Top-cuts were determined using a combination of log probability,
                                              ·    Estimation of deleterious elements or other non-grade variables of             log histogram, and mean variance plots for each estimated domain and applied
                                              economic significance (e.g. sulphur for acid mine drainage characterization).       to the composites on a domain-by-domain basis.

                                              ·    In the case of block model interpolation, the block size in relation           Variography was undertaken on a domain-by-domain basis in Gaussian space,
                                              to the average sample spacing and the search employed.                              using Supervisor software, v9. Back transformed variograms are applied to the

                                                                                   estimate.
                                              ·    In the case of block model interpolation, the block size in relation

                                              to the average sample spacing and the search employed.                              Drillhole data spacing averages 50m x 50m, with consistent spatial coverage

                                                                                   across the prospects.
                                              ·    Any assumptions behind modelling of selective mining units.

                                                                                   The block model parent block size is 25m (X) by 25m (Y) by 10m (Z) with up to
                                              ·    Any assumptions about correlation between variables.                           16 sub-blocks per parent block in the X, Y and Z directions. The estimate was

                                                                                   performed at the parent block scale, and sub-blocks assigned the grade of the
                                              ·    Description of how the geological interpretation was used to control           relevant parent block. The parent block size is considered appropriate for the
                                              the resource estimates.                                                             drillhole spacing throughout the deposit, and the sub-blocking results in

                                                                                   >99% of the domain volume replicated. The estimate is not localised to an
                                              ·    Discussion of basis for using or not using grade cutting or capping.           assumed SMU scale.

                                              ·    The process of validation, the checking process used, the comparison           Grade estimation used the following parameters:
                                              of model data to drill hole data, and use of reconciliation data if available.

                                                                                   G3N:

                                                                                                                                  Ø  Pass 1 estimation has been undertaken using a minimum of 6 and maximum of
                                                                                                                                  20 sample composites, using a search ellipsoid of 33m x 24m x 13m (equal to
                                                                                                                                  variogram range) with the major direction aligned down-dip. Max samples per
                                                                                                                                  drill hole = 2

                                                                                                                                  Ø  Pass 2: estimation required a minimum of 6 samples and a larger search of
                                                                                                                                  45m x 35m x 15m. Max samples per drill hole = 2

                                                                                                                                  Ø  Pass 3: estimation required a minimum of 4 samples and a larger search of
                                                                                                                                  100m x 100m x 30m. No max samples per drill hole.

                                                                                                                                  G3S:

                                                                                                                                  Ø  Northern domain; Pass 1 used a minimum of 8 and maximum of 20 samples
                                                                                                                                  within an ellipse at 42m x 36m x 11 (60% of the variogram range). A second
                                                                                                                                  pass used a minimum of 6 samples, maximum of 20 and search 64m x 54m x 16m
                                                                                                                                  (equal to variogram ranges).  A 3(rd) pass used a broader search of 95m x 80m
                                                                                                                                  x 25m.

                                                                                                                                  Ø  Southern domain; Pass 1 used a minimum of 10 and maximum of 20 samples
                                                                                                                                  within an ellipse of 60m x 40m x 6m.  A second Pass used a minimum of 6
                                                                                                                                  samples, 6 and search of 60m x 40m x 6m. Pass 3 used minimum of 4 and maximum
                                                                                                                                  of 12 samples and a broader search of 90m x 60m x 15m.

                                                                                                                                  The mineral resource estimate has been validated using visual validation
                                                                                                                                  tools, mean grade comparisons between the block model and declustered
                                                                                                                                  composite grade means, and swath plots comparing the input composite grades
                                                                                                                                  and the estimated block model grades by Northing, Easting, and RL. The
                                                                                                                                  estimate is considered an appropriate representation of the volume and grade
                                                                                                                                  distribution of the gold mineralisation.

                                                                                                                                  Leapfrog Geo 2025.1and Datamine Supervisor v9 software were used for the
                                                                                                                                  geostatistical analysis, estimation and validation processes.

                                                                                                                                  No by-product recoveries were considered, and gold grade was the only
                                                                                                                                  estimated variable.
 Moisture                                                                                                                         Tonnages are estimated as dry tonnes.

                                              ·    Whether the tonnages are estimated on a dry basis or with natural
                                              moisture, and the method of determination of the moisture content.
 Cut-off parameters                                                                                                               A nominal lower cut-off grade of 0.2g/t Au was used to define the mineralised

                                                                                   domains to encompass the complete mineralised distribution and produce a model
                                              ·    The basis of the adopted cut-off grade(s) or quality                           that reduces the risk of conditional bias that could be introduced where the

parameters applied.                                                                constraining interpretation and data selection is based on a significantly
                                                                                                                                  higher grade than the natural geological grade

cut-off.

                                                                                                                                  The cut-off grade for reporting (above 0.5g/t Au) is assumed to be the likely
                                                                                                                                  cut-off grade for mining a deposit of similar grade, dimensions and proximity
                                                                                                                                  to surface, as compared to other prospects and projects in the Resolute
                                                                                                                                  portfolio. A more detailed economic analysis may alter the appropriate cut-off
                                                                                                                                  parameters as the MRE is refined.
 Mining factors or assumptions                                                                                                    The shallow occurrence of the mineralisation and average grade profile suggest

                                                                                   that eventual extraction of the resources by open pit mining methods is a
                                              ·    Assumptions made regarding possible mining methods, minimum mining             reasonable assumption. At this stage, no detailed open pit optimisation work
                                              dimensions and internal (or, if applicable, external) mining dilution.              has been completed.

It is always necessary as part of the process of determining reasonable            The domaining approach incorporates an amount of edge dilution into the blocks
                                              prospects for eventual economic extraction to consider potential mining             of the model. No further steps to account of mining loss / dilution have yet
                                              methods, but the assumptions made regarding mining methods and parameters when      been included.
                                              estimating Mineral Resources may not always be rigorous. Where this is the
                                              case, this should be reported with an explanation of the basis of the mining
                                              assumptions made.
 Metallurgical factors or assumptions                                                                                             The assumption is made that the Mineral Resource displays metallurgical

                                                                                   properties amenable to the eventual economic extraction of gold. No specific
                                              ·    The basis for assumptions or predictions regarding metallurgical               metallurgical test work has yet been carried out.
                                              amenability. It is always necessary as part of the process of determining

                                              reasonable prospects for eventual economic extraction to consider potential
                                              metallurgical methods, but the assumptions regarding metallurgical treatment
                                              processes and parameters made when reporting Mineral Resources may not always
                                              be rigorous. Where this is the case, this should be reported with an
                                              explanation of the basis of the metallurgical assumptions made.
 Environmental factors or assumptions                                                                                             The project area resides in an area of established agriculture, including

                                                                                   crops such as rubber, cocoa, coffee and plantains. Future mining would require
                                              ·    Assumptions made regarding possible waste and process residue                  community engagement and compensation for lost crops. This process is well
                                              disposal options. It is always necessary as part of the process of determining      established and understood, with current exploration activities involving
                                              reasonable prospects for eventual economic extraction to consider the               regular community engagement by local specialists employed by the company. The
                                              potential environmental impacts of the mining and processing operation. While       likely scope of community related factors is not deemed a material risk to
                                              at this stage the determination of potential environmental impacts,                 eventual development of the project.
                                              particularly for a green fields project, may not always be well advanced, the
                                              status of early consideration of these potential environmental impacts should
                                              be reported. Where these aspects have not been considered this should be
                                              reported with an explanation of the environmental assumptions made.
 Bulk density                                                                                                                     Specific gravity values were measured based on the Archimedean Principle using

                                                                                   the immersion method for individual core samples. A total of 1,810
                                              ·    Whether assumed or determined. If assumed, the basis for the                   measurements were available for the G3N zone and 1,273 for G3S. This data has
                                              assumptions. If determined, the method used, whether wet or dry, the frequency      been used as the basis of the block model bulk density.
                                              of the measurements, the nature, size and representativeness of the samples.

                                                                                   No relationship between density and gold content was established.
                                              ·    The bulk density for bulk material must have been measured by methods

                                              that adequately account for void spaces (vugs, porosity, etc), moisture and         An average bulk density was applied to each modelled oxidation zone, where
                                              differences between rock and alteration zones within the deposit.                   1.8t/m(3) was assigned to the oxidised zone, 2.2t/m(3) assigned to

                                                                                   transitional rock and 2.7t/m(3) was assigned to fresh rock.
                                              ·    Discuss assumptions for bulk density estimates used in the evaluation
                                              process of the different materials.
 Classification                                                                                                                   The entire Mineral Resource is currently classified as Inferred based on the

                                                                                   confidence in the continuity of geology and mineralisation and
                                              ·    The basis for the classification of the Mineral Resources into                 quality/confidence in the estimation and quality of assay data and bulk
                                              varying confidence categories.                                                      density data.

                                              ·    Whether appropriate account has been taken of all relevant factors             The Mineral Resource estimate appropriately reflects the Competent Person's
                                              (i.e. relative confidence in tonnage/grade estimations, reliability of input        view of the deposit.
                                              data, confidence in continuity of geology

and metal values, quality, quantity and distribution of the data).

                                              ·    Whether the result appropriately reflects the Competent Person's view
                                              of the deposit.
 Audits or reviews                                                                                                                No external reviews have been completed.

                                              ·    The results of any audits or reviews of Mineral

                                              ·    Resource estimates.
 Discussion of relative accuracy/ confidence                                                                                      The Mineral Resource Estimate has been classified based on the quality of the

                                                                                   data collected, the density of the data, the confidence of the geologic and
                                              ·    Where appropriate a statement of the relative accuracy and confidence          mineralisation models, and the grade estimation quality. No relative
                                              level in the Mineral Resource estimate using an approach or procedure deemed        statistical or geostatistical confidence or risk measure has been applied.
                                              appropriate by the Competent Person. For example, the application of

                                              statistical or geostatistical procedures to quantify the relative accuracy of       In a qualitative sense, the relative accuracy and confidence of the Mineral
                                              the resource within stated confidence limits, or, if such an approach is not        Resource Estimate is considered moderate, reflecting the current spacing of
                                              deemed appropriate, a qualitative discussion of the factors that could affect       information. The expectation is that broad properties such as global volume,
                                              the relative accuracy and confidence of the estimate.                               shape and extent of mineralisation will remain consistent with additional

                                                                                   (closer spaced) data. But the grade distribution may improve or decline at a
                                              ·    The statement should specify whether it relates to global or local             local scale. This is consistent with the Inferred classification applied to
                                              estimates, and, if local, state the relevant tonnages, which should be              the MRE at this stage.
                                              relevant to technical and economic evaluation. Documentation should include

                                              assumptions made and the procedures used.                                           No production data is available for comparison.

                                              ·    These statements of relative accuracy and confidence of the estimate
                                              should be compared with production data, where available.

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DRLFIFILLALTLIE



            Copyright 2019 Regulatory News Service, all rights reserved

Recent news on Resolute Mining

See all news