REG - Resolute Mining Ltd - Strategic Partnership Signed in Guinea

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RNS Number : 7244Y  Resolute Mining Limited  31 March 2026

31 March 2026

 

Strategic Partnership with Nimba Mining Company to Evaluate Gold Opportunities
in Guinea

 

Resolute Mining Limited ("Resolute") (ASX/LSE: RSG) and Nimba Mining Company
S.A. ("NMC") - a 100% Guinean state-owned company - are pleased to announce
that a strategic Memorandum of Understanding ("MoU") has been signed regarding
the potential co-development of gold projects in Guinea. With the involvement
of the Government of Guinea represented by the Ministry of Mines and Geology,
this partnership represents a significant milestone in advancing mineral
exploration and development activities within one of West Africa's most
prospective gold regions.

 

This Memorandum represents NMC's first collaboration with an international
listed company operating in the gold sector. The partnership will focus on
jointly assessing mineral resources, conducting comprehensive geological
studies, and developing strategic frameworks for potential large-scale gold
production operations. Both companies bring extensive expertise in mining
operations, development and exploration.

 

This announcement underscores the commitment of both Resolute and NMC to
developing the gold-sector in Guinea in a responsible and sustainable manner.
The partnership is expected to generate significant opportunities for local
and regional stakeholders.

 

The MoU aligns with Resolute's strategy of building a pipeline of high-quality
growth opportunities in established West African gold jurisdictions. Moreover,
it complements Resolute's other exploration activities in Guinea including
reconnaissance authorisation covering 83 km(2) within the Siguiri Basin.

 

NMC's Chief Executive Officer, Patrice L'Huillier commented:

"This partnership with Resolute will allow NMC to launch its gold projects in
accordance with the State's guidelines indicated in the Simandou 2040 Program
and the vision of the Ministry of Mines and Geology as NMC's technical
supervisor. Choosing the option of co-developing mining projects with Resolute
will strengthen the share of local content in Guinea's mining ecosystem".

 

Resolute's Chief Executive Officer, Chris Eger commented:

"We are delighted to have been selected by NMC and the Guinean Government for
the co-development of gold projects in Guinea. This partnership reflects our
commitment to invest in Guinea - a jurisdiction that we believe has the
potential for Resolute to develop a fourth mine - and to share value with all
stakeholders for sustainable projects. Our teams remain mobilized for the
evaluation of areas of interest with high potential in collaboration with the
NMC teams and the support of the Ministry of Mines and Geology".

 

 

 

 

 

Overview of the MoU

The MoU is part of NMC's diversification strategy supported by the Guinean
Government for the development of projects other than in the bauxite sector in
accordance with the Simandou 2040 Vision and Program.

 

The MoU is non-binding, and any proposed transaction remains subject to
technical evaluation, the negotiation and execution of legally binding
agreements and receipt of all applicable regulatory approvals.

 

The parties have agreed that their respective technical teams will seek to
complete a preliminary assessment of the identified mining areas within the
next 90 days following the signing of this Memorandum. The principle of joint
development of projects via a joint venture to be created was also agreed by
the two parties.

 

 

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)

 +44 203 3017 620                                                           +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

 

 

About Resolute Mining Limited:

Resolute is an Africa-focused gold miner with over 30 years of experience as
an explorer, developer, and operator. Over the course of its history, the
company has produced more than 9 million ounces of gold from ten gold mines.
The company is now entering a growth phase with the development of the Doropo
project in Côte d'Ivoire, which will complement the existing production from
the Syama mine in Mali and the Mako mine in Senegal. The company is listed on
the Australian Securities Exchange (ASX) and the London Stock Exchange (LSE)
under the acronym RSG.

 

About Nimba Mining Company:

Founded in 2025, Nimba Mining Company S.A. is a 100% national Guinean company,
owned by a holding company dedicated to the extraction, processing and
development of Guinea's natural resources. It operates the Tinguilinta mine,
one of the largest bauxite deposits in the country, and operates the Kamsar
port facilities. NMC embodies a model of sovereign and sustainable governance,
at the service of the economic and social development of the Republic of
Guinea.

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