REG - Resolute Mining Ltd - Becoming a substantial holder
RNS Number : 5524IResolute Mining Limited02 April 20202 April 2020
Resolute Mining Limited
(Resolute or the Company)
Form 603
Notice of initial substantial holder
Resolute Mining Limited (ASX/LSE: RSG) advises that IPConcept has issued a Form 603 titled "Notice of initial substantial holder" to the Australian Securities Exchange.
A full PDF version of the Form 604 is available from the Company's website: https://www.rml.com.au/investors/asx-announcements/.
For further information, contact:
John Welborn
Managing Director & CEO
Jeremy Meynert
General Manager - Business Development & Investor Relations
About Resolute
Resolute is a successful gold miner with more than 30 years of experience as an explorer, developer and operator of gold mines in Australia and Africa which have produced more than 8 million ounces of gold. The Company trades on the Australian Securities Exchange (ASX) and the London Stock Exchange (LSE) under the ticker RSG.
Resolute owns three gold mines with a Global Mineral Resource base of more than 13 million ounces of gold. Resolute's flagship asset is the world class Syama Gold Mine in Mali (Syama) which can produce more than 300,000 ounces of gold per annum from existing processing infrastructure. Resolute has commissioned the world's most advanced mining automation system at Syama which will deliver a low cost, large scale operation with a mine life beyond 2032. The Mako Gold Mine in Senegal is a high quality, low cost asset with average annual production of approximately 140,000 ounces of gold. A strategic review is currently underway of the Bibiani Gold Mine in Ghana.
Resolute's guidance for FY20 has been set at production of 430,000 ounces of gold at an All-In Sustaining Cost of US$980 per ounce.
Contact Information
Resolute
John Welborn, Managing Director & CEO
Jeremy Meynert, General Manager - BD & IR
Telephone: +61 8 9261 6100
Email: contact@rml.com.au
Web: www.rml.com.au
Berenberg (UK Corporate Broker)
Matthew Armitt / Jennifer Wyllie / Detlir Elezi
Telephone: +44 20 3207 7800
Tavistock (UK Public Relations)
Jos Simson / Emily Moss / Annabel de Morgan / Oliver Lamb
Telephone: +44 207 920 3150 / +44 778 855 4035
Email: resolute@tavistock.co.uk
Authorised by Mr John Welborn, Managing Director & CEO
ASX/LSE: RSG Capital Summary
Fully Paid Ordinary Shares: 1,057,099,666
Current Share Price (ASX):
A$0.825 as at 1 April 2020Market Capitalisation: A$872 million
2020 Guidance (to 31 December):
430,000oz @ AISC US$980/oz
Board of Directors
Mr Martin Botha Non-Executive Chairman
Mr John Welborn Managing Director & CEOMs Yasmin Broughton Non-Executive Director
Mr Mark Potts Non-Executive Director
Ms Sabina Shugg Non-Executive Director
Mr Peter Sullivan Non-Executive Director
Contact
John Welborn Managing Director & CEO
Jeremy Meynert GM - BD & IR
Level 2, Australia Place | 15-17 William St
Perth, Western Australia 6000
T: +61 8 9261 6100 | F: +61 8 9322 7597
E: contact@rml.com.au
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