REG - Resolute Mining Ltd - Mining Permit Awarded for Doropo Gold Project

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RNS Number : 7887R  Resolute Mining Limited  05 February 2026

5 February 2026

 

Mining Permit Awarded for Doropo Gold Project

Resolute Mining Limited ("Resolute" or "the Company") (ASX/LSE: RSG), the
Africa-focused gold miner, is pleased to announce that the Council of
Ministers have officially announced the award of the mining permit for the
Doropo Gold Project in Côte d'Ivoire. The mining permit is valid for 14 years
with the ability to extend.

 

The Doropo mining permit advances Resolute's goal of becoming a leading
multi-asset gold producer in West Africa. This milestone underpins the
Company's strategy to grow annual gold production above 500 koz by the end of
2028 and validates our commitment to disciplined growth and shareholder value.

 

The development of Doropo not only supports Resolute's ambition to deliver
strong financial returns but also positions the Company to unlock further
opportunities for expansion and value creation throughout the region.

 

Chris Eger, Managing Director and CEO commented:

"We are very pleased to be awarded the mining permit, which marks a
significant milestone in the development of the Doropo Gold Project and
reflects the strong support we have received from local and government
stakeholders.

We look forward to unlocking value for our stakeholders by progressing the
Doropo Gold Project towards construction in H1 2026. The recent DFS outlined
the extremely strong economics of the Doropo Project with a post-tax project
NPV5% (100% basis) of US$2.5 bn at a gold price assumption of US$4,000/oz with
significant upside potential.

We are excited by the Company's path to becoming a highly diversified gold
producer across multiple assets and countries. The addition of Doropo is a key
part in being able to reach the target annual production of over 500 koz per
annum by the end of 2028."

 

The award of the mining permit represents the final governmental approval
required to launch the development and operation of the Doropo Gold Project,
with the official Presidential Decree expected in the weeks following the
Council of Ministers' meeting.

 

As illustrated in Figure 1 below the mining permit covers a substantial area
of 400km², encompassing the main Doropo deposits and several drill-tested
mineralised trends. Additionally, within the mining permit there are multiple
coherent soil geochemical anomalies and identified geophysical structures that
remain untested by drilling.

Figure 1: Mining permit area (blue) with mineralised trends

 

Next Steps

Receiving the mining permit is an important milestone for the Final Investment
Decision (FID) which is expected shortly.

 

Resolute intends to use its existing balance sheet to progress Doropo into
construction which is expected in H1 2026 followed by first gold in H1 2028.

Doropo DFS Highlights

The Doropo Gold Project is situated in the Bounkani Region of Côte d'Ivoire,
approximately 480 km northeast of Abidjan and 50 km north of Bouna, near the
Burkina Faso border.

Table 1 includes operational and financial highlights for the updated DFS
released in December 2025.

 

 At US$3,000/oz gold price               Units   Value
 Mine Life                               Years   13
 LOM ore processed                       kt      59,102
 LOM strip ratio                         w:o     4.9
 LOM feed grade processed                Au g/t  1.31
 LOM gold recovery                       %       88%
 LOM gold production                     koz     2,196
 Upfront capital cost                    US$M    516
 Life of Mine average:
 Gold, average annual production         koz     169
 Cash costs per ounce                    US$/oz  1,123
 AISC per ounce                          US$/oz  1,406
 EBITDA                                  US$M    294
 Free Cash Flow (post-tax)               US$M    214
 Project years 1 to 5:
 Gold, average annual production         koz     204
 Cash costs per ounce                    US$/oz  1,005
 AISC per ounce                          US$/oz  1,294
 EBITDA                                  US$M    364
 Free Cash Flow (post-tax)               US$M    268
 Post-Tax Economics
 Net present value - 5%                  US$M    1,457
 Internal Rate of Return                 %       49%
 Payback period (from first production)  Years   1.7

 

Table 1: Economic Summary
 

The post-tax NPV sensitivity comparing varying discount rate percentages and
gold price is presented in Table 2. The base case result for the Project is
highlighted in bold.

 

      3,000  3,500  4,000  4,500
 5%   1,457  2,000  2,543  3,086
 7%   1,245  1,723  2,202  2,680
 10%  988    1,388  1,789  2,189

 

Table 2: Sensitivity of post-tax NPV5% (US$M) to Discount Rate and Gold Price
(US$/oz)

Contact

 

 Resolute                                                 Public Relations

 Matthias O'Toole-Howes motoolehowes@resolutemining.com   Jos Simson, Tavistock resolute@tavistock.co.uk
 (mailto:motoolehowes@resolutemining.com)                 (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

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