Resolute Mining : Ore Reserves and Mineral Resource Statement

Mineral Resources have increased by 1.0 million ounces (Moz) to 9.5Moz of gold, net of depletion and sale of the Bibiani Gold Mine

Ore Reserves have been maintained at 4.1Moz net of depletion and sale of the Bibiani Gold Mine

Syama Mineral Resources increased following exploration success at both Tabakoroni and the Northern Pits

Mineral Resources at Tabakoroni increased 40% to 1.3Moz and Ore Reserves increased by 78% to 765,000oz

Mako Ore Reserves and Mineral Resources in line with mining depletion

Bibiani sale removes 0.66Moz of Ore Reserves and 2.5Moz of Mineral Resources

Ore Reserves

and Mineral Resource Statement

At 31 December 2021

only4 March 2022

I crease in Mineral Resources, Ore Reserves maintained

Highlights

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Resolute Mining Limited (ASX/LSE: RSG, Resolute or the Company) is pleased to announce the Company's Annual Ore Reserve and Mineral Resource Statement at 31 December 2021.

Ore Reserves have been maintained at 4.1Moz of gold while Mineral Resources have increased by 1Moz to 9.5Moz of gold after accounting for the effects of mining depletion, asset sales and exploration success.

A detailed breakdown of the Company's Ore Reserves and Mineral Resources at 31 December 2021 representing the Syama and Mako operations is presented in the tables below. The 2021 Annual Ore Reserve Statement is Forincluded at Table 3 of this announcement and the 2021 Annual Mineral Resource Statement is included at Table 4.

At 31 December 2021 Resolute's direct share of Ore Reserves was 3.4Moz and Mineral Resources of 7.8 Moz.

The sale of the Bibiani Gold Mine in 2021 removed 0.66Moz of Ore Reserves and 2.5Moz of Mineral Resources from Resolute's Global Inventory.

All tonnes and grade information have been rounded to reflect relative uncertainty of the estimate, small differences may be present in the totals.

Resolute Mining Limited ABN 39 097 088 689

Level 2, Australia Place, Perth, Western Australia 6000 T [phone] E [e-mail]

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Ore Reserves

and Mineral Resource Statement

At 31 December 2021

Table 1: Ore Reserves (100% Basis)
		Proved			Probable		Total Reserves
Ore reserves	Tonnes	g/t	oz	Tonnes	g/t	oz	Tonnes	g/t	oz
As at December 2021	(000s)		(000s)	(000s)		(000s)	(000s)		(000s)
Syama	4,770	1.7	258	35,500	2.8	3,150	40,300	2.6	3,400
Mako	5,090	1.4	224	7,100	1.9	437	12,200	1.7	661
Ore Reserves	9,860	1.5	482	42,600	2.6	3,580	52,500	2.4	4,060
only

Ore Reserves as at 31 December 2021 on a 100% basis total 4.1Moz, which reflects the sale of Bibiani.

useIn Mali, the Ore Reserves at the Syama Gold Mine (Syama) increased due to an expansion in the Ore Reserves at Tabakoroni.

Continued exploration success at Tabakoroni led to a large increase in Ore Reserves with drilling programs completed in 2021 greatly increasing measured and Indicated Resources leading to a 78% increase in Ore Reserves to five million tonnes (Mt) at 4.7g/t Au for 766,000oz.

Underground Ore Reserves at Syama deceased due to mining depletion and changes to the sub-level cave flow model.

Open pit Ore Reserves at Syama increased slightly over the December 2020 statement due to increases at Tabakoroni and the Northern Pits.

Ore Reserves at the Mako Gold Mine (Mako) decreased in line with mining depletion.

Resolute's asset ownership is 80% of Syama (Mali Government 20%), 90% of Tabakoroni (Mali Government 10%), 90% of Mako (Senegalese Government 10%). As such, the Company's fully attributable Ore Reserves position net government interests, is 3.4Moz of gold.

Table 2: Mineral Resources (100% Basis)

			Measured			Indicated			Inferred		Total Resources
	Mineral Resources	Tonnes	g/t	oz	Tonnes	g/t	oz	Tonnes	g/t	Oz	Tonnes	g/t	oz
	As at December	(000s)		(000s)	(000s)		(000s)	(000s)		(000s)	(000s)		(000s)
2021
	Syama	23,300	3.1	2,290	47,800	2.9	4,490	34,600	1.7	1,900	106,000	2.6	8,670
	Mako	5,510	1.3	238	9,910	1.8	560	986	0.9	28	16,400	1.6	826
	Mineral Resources	28,800	2.7	2,520	57,800	2.7	5,050	35,600	1.7	1,920	122,000	2.4	9,500
personal
	Mineral Resources (inclusive of Ore Reserves) at 31 December 2021, on a 100% basis, contain 9.5Moz of gold. The
	Company's fully attributable Mineral Resources position, net of government interests is 7.8Moz of gold.

ForMineral Resources decreased from the previously published position at 31 December 2020 following the sale of Bibiani, which previously contributed 2.5Moz.

The total Mineral Resources at Tabakoroni remain largely the same as the previous statement however successful drilling programs in 2021 converted a large proportion of the inferred resources to indicated category leading to a 40% increase in the Measured and Indicated Resources.

There was a substantial increase in the Mineral Resources from the Syama Satellite Deposits to 1.6Moz, which was underpinned by a sizable increase in the Mineral Resources from the Northern Pits as a result of drilling programs which have been added to the inventory this year.

In Senegal, the Mineral Resources at Mako were re-estimated in 2021 following drilling programs completed in the past few years. This updated Mineral Resource Estimation did not make a material change in the resources, which showed a small decrease this year in line with mining depletion.

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Ore Reserves

and Mineral Resource Statement

At 31 December 2021

only
Table 3: Ore Reserves Statement
			Proved		Probable		Total Reserves		Group Share
	Ore Reserves	Tonnes	g/t		oz	Tonnes	g/t	oz	Tonnes	g/t		oz	oz
	As at December 2021	(000s)			(000s)	(000s)		(000s)	(000s)			(000s)	(000s)
	Mali												80%
use	Syama Underground	0	0.0		0	25,700	2.6	2,160	25,700	2.6		2,160	1,730
Syama Stockpiles	760	1.8		44	1,810	1.3	77	2,570	1.5		121	97
Sub Total (Sulphides)	760	1.8		44	27,500	2.5	2,240	28,200	2.5		2,280	1,820
	Satellite Deposits	793	1.8		46	1,430	1.9	89	2,220	1.9		135	108
	Stockpiles (Satellite deposits)	768	1.5		38	1,400	1.0	43	2,170	1.2		80	64
	Sub Total Satellite Deposits	1,560	1.7		83	2,830	1.5	132	4,390	1.5		215	172
													90%
	Tabakoroni Underground	0	0.0		0	5,030	4.7	766	5,030	4.7		766	689
	Tabakoroni Open Pit	596	2.0		39	209	1.8	12	804	2.0		51	46
	Tabakoroni Satellite Deposits	962	1.6		49	0	0.0	0	962	1.6		49	44
	Tabakoroni Stockpiles	888	1.5		43	0	0.0	0	888	1.5		43	39
	Sub Total Tabakoroni	2,450	1.7		131	5,240	4.6	778	7,680	3.7		908	818
	Mali Total	4,770	1.7		258	35,500	2.8	3,150	40,300	2.6		3,400	2,810
	Senegal												90%
	Mako	2,040	1.9		122	7,100	1.9	437	9,140	1.9		558	502
	Mako Stockpiles	3,050	1.1		103	0	0.0	0	3,050	1.1		103	93
	Senegal Total	5,090	1.4		224	7,100	1.9	437	12,200	1.7		661	595
personal
Total Ore Reserves	9,860	1.5		482	42,600	2.6	3,580	52,500	2.4		4,060	3,410
Not s:
1. Mineral Resources include Ore Reserves.
2. All tonnes and grade information have been rounded to reflect relative uncertainty of the estimate, small differences may be present in the totals.
3. Syama Underground mine planning is based on a cut-off grade of 2g/t.
4. Syama Satellite Reserves are reported above 1.0g/t cut-off.
5. Tabakoroni Underground Reserves are reported above a 2.5g/t cut-off.
6. Tabakoroni Satellite Reserves are reported above 1.1g/t cut-off.
7. Mako Reserves are reported above 0.6g/t cut-off.
For

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Ore Reserves

and Mineral Resource Statement

At 31 December 2021

Table 4: Mineral Resources Statement
only														Group
	Measured		Indicated		Inferred		Total Resources	Share
Mineral Resources	Tonnes	g/t	oz	Tonnes	g/t	oz	Tonnes	g/t	oz	Tonnes	g/t	oz	oz
As at December 2021	(000s)		(000s)	(000s)		(000s)	(000s)		(000s)	(000s)		(000s)	(000s)
Projects where Resolute has a												80%
controlling interest
Mali
use	Syama Underground	14,400	3.6	1,640	25,400	3.0	2,460	10,600	2.6	883	50,400	3.1	4,980	3,990
Stockpiles (Sulphide)	760	1.8	44	1,830	1.4	79	0	0.0	0	2,590	1.5	123	99
Sub Total (Sulphides)	15,200	3.5	1,690	27,300	2.9	2,540	10,600	2.6	883	53,000	3.0	5,110	4,090
Satellite Deposits	4,330	2.7	375	11,000	2.1	758	4,860	2.8	435	20,200	2.4	1,570	1,250
Stockpiles (Satellite	768	1.5	38	1,400	1.0	43	45	1.1	2	2,220	1.2	82	66
Deposits)
Sub Total Satellite	5,100	2.5	412	12,400	2.0	800	4,910	2.8	437	22,400	2.3	1,650	1,320
Deposits
Old Tailings	0	0.0	0	0	0.0	0	17,000	0.7	365	17,000	0.7	365	292
														90%
	Tabakoroni Open Pit	524	3.3	55	2,130	4.6	318	21	5.6	4	2,670	4.4	377	339
	Tabakoroni Underground	6	3.5	1	5,180	4.8	792	1,640	3.5	182	6,830	4.4	976	878
	Tabakoroni Satellite	1,560	1.7	86	850	1.7	47	414	1.9	25	2,830	1.7	157	142
	Deposits
	Tabakoroni Stockpiles	888	1.5	43	0	0.0	0	0	0.0	0	888	1.5	43	39

personal Notes:

Sub Total Tabakoroni	2,980	1.9	185	8,160	4.4	1,160	2,080	3.2	211	13,200	3.7	1,550	1,400
Mali Total	23,300	3.1	2,290	47,800	2.9	4,490	34,600	1.7	1,900	106,000	2.6	8,670	7,090
Senegal													90%
Mako	2,460	1.7	135	9,910	1.8	560	986	0.9	28	13,400	1.7	723	650
Mako Stockpile	3,050	1.1	103	0	0.0	0	0	0.0	0	3,050	1.1	103	93
Senegal Total	5,510	1.3	238	9,910	1.8	560	986	0.9	28	16,400	1.6	826	743
Total Mineral Resources	28,800	2.7	2,520	57,800	2.7	5,050	35,600	1.7	1,920	122,000	2.4	9,500	7,840

1.	Mineral Resources include Ore Reserves.
For
2.	All tonnes and grade information have been rounded to reflect relative uncertainty of the estimate, small differences may be present in the totals.
3.	Resources are reported above 1.5g/t cut-off for the Northern Pits.
4.	Res	urces for the SLC at Syama is reported within an MSO shape generated at 1.3g/t and south of the SLC within an MSO shape generated at 1.5g/t.
5.	Res	urces for the Cashew NE, Paysans, Tellem and Porphyry Zone (Splay) are reported above a cut-off of 1.0g/t.
6.	Res	urces for Tabakoroni Open Pit are reported above a cut-off of 1.0g/t and within a US$2,000 optimised shell.
7.	Res	urces for the Tabakoroni Underground are reported within an MSO shape generated at 1.75g/t (equivalent to US$2,000).
8.	Mako Resources are reported above a cut-off of 0.5g/t and within a US$2,000 optimised shell.

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Ore Reserves

and Mineral Resource Statement

At 31 December 2021

onlybeing undertaken as a Competent Person as defined in the 2012 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves" (JORC Code 2012). Mr Mowat consents to the inclusion in this announcement of the material compiled by him in the form and context in which it appears.

Competent Persons Statement

The information in this announcement that relates to data quality, geological interpretation and Mineral Resource

estimation for the various projects unless specified in the list below is based on information compiled by Bruce Mowat,

a Competent Person who is a Member of the Australian Institute of Geoscientists and a full-time employee of Resolute

Corporate Services Pty Ltd, a wholly-owned subsidiary of Resolute Mining Limited. Mr Mowat has sufficient

experience that is relevant to the styles of mineralisation and type of deposits under consideration and to the activity

useThe information in this statement that relates to the Mineral Resources and Ore Reserves listed below is based on

information and supporting documents prepared by the Competent Person identified. Each person specified in the

li t has sufficient experience which is 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 as defined in the JORC Code 2012. Mr Atkinson and Mr Patani are full-time employees of Resolute Corporate Services Pty Ltd, a wholly-owned subsidiary

of Resolute Mining Limited. Mr Johnson is a full-time employee of MPR Geological Consultants Pty Ltd.

Mr Osiejak is a full-time employee of Cube Consulting Pty Ltd. Ms Havlin is an employee of Snowden Optiro Pty Ltd.

	Each person identified in the list below consents to the inclusion in this announcement of the material compiled by
personal
	them in the form and context in which it appears.
	Activity	Competent Person	Membership Institution
	Syama Resource	Susan Havlin	Australasian Institute of Mining and Metallurgy
	Syama Reserve	Gito Patani	Australasian Institute of Mining and Metallurgy
	N	rthern Pits Resource	Nic Johnson	Australian Institute of Geoscientists
	Syama Tailings Facility	Susan Havlin	Australasian Institute of Mining and Metallurgy
	Tabakoroni OP Resource	Susan Havlin	Australasian Institute of Mining and Metallurgy
	Tabakoroni OP Reserves	Scott Atkinson	Australasian Institute of Mining and Metallurgy
	Tabakoroni UG Resource	Susan Havlin	Australasian Institute of Mining and Metallurgy
	Tabakoroni UG Reserves	Gito Patani	Australasian Institute of Mining and Metallurgy
	T	ll m Resource	Nic Johnson	Australian Institute of Geoscientists
	Tellem Reserves	Scott Atkinson	Australasian Institute of Mining and Metallurgy
	Cashew NE Resource	Bruce Mowat	Australian Institute of Geoscientists
	Cashew NE Reserves	Scott Atkinson	Australasian Institute of Mining and Metallurgy
	Paysans Resource	Bruce Mowat	Australian Institute of Geoscientists
For	Scott Atkinson	Australasian Institute of Mining and Metallurgy
	Paysans Reserves
	P	rphyry Zone Resource	Bruce Mowat	Australian Institute of Geoscientists
	P	rphyry Zone Reserves	Scott Atkinson	Australasian Institute of Mining and Metallurgy
	Mako Resources	Marcus Osiejak	Australasian Institute of Mining and Metallurgy
	Mako Reserves	Scott Atkinson	Australasian Institute of Mining and Metallurgy

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