REG - Resolute Mining Ltd - Bibiani Gold Mine Update
RNS Number : 3093TResolute Mining Limited24 March 202124 March 2021
Resolute Mining Limited
(Resolute or the Company)
Bibiani Gold Mine Update
`
Resolute Mining Limited (Resolute or the Company) advises that it has today received a letter dated 23 March 2021 from the Ghanaian Minerals Commission advising that, on the instructions of the Ghanaian Honourable Minister of Lands and Natural Resources (the Minister), the Mining Lease for the Bibiani Gold Mine stands terminated. The Company has been advised to cease all activities and operations at the mine site.
This action is unexpected and Resolute is seeking clarification from the Minister's office for the rationale for the termination. As a result of this notice Resolute is currently seeking legal advice on the validity of the notice, its rights of appeal and potential recourse while considering the impact of the notice on the sale agreement with Chifeng Jilong Gold Mining Co. Ltd for the sale of the Bibiani Gold Mine.
Contact Information
Resolute
Stuart Gale, Interim CEO
Telephone: +61 8 9261 6100
Email: 34TUcontact@rml.com.auU34T
Web: 34Twww.rml.com.au34T
Berenberg (UK Corporate Broker)
Matthew Armitt / 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: 34Tresolute@tavistock.co.uk34T
Authorised by Mr Stuart Gale, Interim CEO
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (MAR). Upon the publication of this announcement via a Regulatory Information Service (RIS), this inside information is now considered to be in the public domain.
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 or visit 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.ENDUPDSEDSWLEFSESD
Recent news on Resolute Mining
See all newsREG - Resolute Mining Ltd - Appendix 4G
AnnouncementREG - Resolute Mining Ltd - Corporate Governance Statement
AnnouncementREG - Resolute Mining Ltd - 2023 Annual Report
AnnouncementREG - Resolute Mining Ltd - AGM Advanced Notice
AnnouncementREG - Resolute Mining Ltd - Appendix 3X Adrienne Parker
Announcement