User:Oliverlamb/sandbox

About[ edit]
Resolute Mining (ASX/LSE:RSG) is a gold miner as an explorer, developer and operator of gold mines in Australia and Africa which have produced more than 8 million ounces of gold.

Resolute has commissioned the world’s first automated underground mine at Syama which will deliver a low cost, large scale operation with a mine life beyond 2032. The Mako Gold Mine in Senegalhas an average annual production of approximately 140,000 ounces of gold. A binding agreement has been signed to sell the Ravenswood Gold Mine in Queensland, Australia for up to A$300 million. A strategic review is currently underway of the Bibiani Gold Mine in Ghana.

Resolute’s guidance for FY20 has been set at production of 500,000 ounces of gold at an AISC of US$980 per ounce. FY20 Guidance will be revised once the sale of Ravenswood has been finalised.

The Company trades on the Australian Securities Exchange (ASX) and the London Stock Exchange (LSE) under the ticker RSG.

Syama, Mali[ edit]
The Syama Complex, located in the south of Mali, West Africa approximately 30km from the Côte d’Ivoire border and 300km southeast of the capital Bamako, comprises the Syama Underground Mine and the Tabakoroni Open Pit Mine.

The Syama Underground Mine is owned by Société des Mines de Syama S.A. (SOMISY). Resolute has a 80% interest in SOMISY and the Government of Mali has a 20% interest in SOMISY. Tabakoroni is owned by Société des Mines de Finkolo SA (SOMIFI) of which Resolute currently owns 100% through its wholly owned subsidiary, Resolute (Finkolo) Pty Ltd. The Government of Mali is entitled to a 10% free carried interest in SOMIFI.

The Syama Complex is a large-scale operation which comprises two separate processing plants: a 2.4Mtpa sulphide processing circuit and a 1.5Mtpa oxide processing circuit. The sulphide circuit comprises three-stage crushing, milling, flotation, roasting, calcine leaching and elution with ore sourced from the Syama Underground Mine and stockpiles. The oxide circuit comprises conventional crushing, SAG milling and leaching, with ore sourced from the Tabakoroni Open Pit Mine.

In December 2018, Resolute commenced sublevel caving at its Syama Underground Mine. The successful commencement of production at the Syama Underground Mine represented a pivotal moment in the long history of Resolute. It is a world class, long life, low cost asset that will deliver long term benefits to our shareholders, stakeholders, and local Mali communities for years to come.

Once fully commissioned, the Syama Underground Mine will be the most sophisticated and advanced gold mine in Africa. Our investment in exploration, infrastructure, technology, power, and innovation at Syama has transformed a world class orebody into a world class mine. In June 2019, having mined and hauled in excess of 80% of nameplate mine capacity, Resolute announced that commercial production rates of ore production had been achieved at the Syama Underground Mine.

The Tabakoroni Open Pit Mine is located 35km south of the Syama processing plant. Mining commenced during the September 2018 Quarter with first ore through the mill in November 2018. Exceptional high-grade intersections from drilling results have confirmed a large increase in the size and grade of Tabakoroni which reinforces the value of our ongoing investment in exploration of our extensive Syama tenure. An underground mining study including technical assessments and metallurgical test work has commenced to support the near-term development of a new underground mine at Tabakoroni.

Resolute is targeting site production of 300,000oz of gold annually at a Life-of-Mine All-In Sustaining Cost of less than US$750/oz from a Mineral Resource base of 8.3Moz of gold.

In 2019, Resolute partnered with Aggreko plc for the development of a new solar hybrid power station at Syama. This innovative power solution will combine battery, thermal and solar generation technologies to deliver cost effective and environmentally friendly power. Once fully operational, the new power station is expected to generate long term electricity cost savings of up to 40% and reduce carbon emissions by approximately 20%.

The new power plant will be delivered in two stages. The first phase will comprise the installation of three new thermal energy Modular Block generators and a battery storage system. The second phase will see the construction of a 20MW solar array on the surface of the existing Syama Tailings Storage Facility, thereby maximising positive environmental outcomes and augmenting Resolute’s rehabilitation program.

In addition, as a joint corporate social responsibility initiative, Resolute and Aggreko have agreed to jointly fund community power investments in the Syama region. The aim of these investments will be to provide sustainable power to local villages in the Syama region which currently have limited access to reliable electricity.

Mako, Senegal[ edit]
The Mako Gold Mine, located in eastern Senegal, West Africa, is a high quality, low cost, open pit mine with attractive scale and strong growth potential through near-mine exploration opportunities.

The Mako Gold Mine poured first gold in January 2018. Mako is operated by Resolute’s 90%-owned Senegalese subsidiary, Petowal Mining Company SA. The remaining 10% is held by the Government of Senegal which is free-carried.

The Mako Gold Mine is a conventional drill and blast, truck and shovel operation with mining services undertaken by an established contractor. The carbon in leach processing plant has 2.3Mtpa of capacity and comprises a crushing circuit, an 8.5MW SAG Mill and gold extraction circuit. The processing plant has achieved strong metallurgical recoveries (95.% in first year of operation) and is expected to deliver average life of mine recoveries of 93.8%.Electricity is provided by a 14MW diesel fuelled IPP power station and water is extracted from the Gambia River.

The Mako Gold Mine hosts a Mineral Resource of 1.1Moz grading 1.8g/t Au, and an Ore Reserve of 740koz grading 2.1g/t Au.

Resolute is targeting annual average production from Mako of 140,000oz at an AISC of US$780/oz over a seven year mine life.

Identified exploration targets have the potential to increase mine life and exploration programmes are in progress focussing on pit extensions and satellite deposits within trucking distance of the mill.

Targets within the permit include the identification of potential ore shoots beneath the pit, extensions to the north east of the pit, and the Kerekonko area south of the Gambia River where multiple soil anomalies have been identified. Outside the Mako Gold Mine mining concession, Resolute controls over 485km 2 of prospective exploration ground within a 30km radius, either directly or through joint ventures with Senegalese partners.

Ravenswood, Australia[ edit]
The Ravenswood Gold Mine is a proven producing asset with multiple open pits to support large scale, low cost, long term production beyond the life of the existing Mt Wright Underground Mine. Ravenswood is located approximately 95km south-west of Townsville and 65km east of Charters Towers in north-east Queensland, Australia.

Resolute owns 100% of the Ravenswood Gold Mine through its wholly owned subsidiary, Carpentaria Gold Pty Ltd.

The Ravenswood Expansion Project which provides the next phase of growth comprises the development of two large open pits at Buck Reef West and Sarsfield. The latest Ravenswood Expansion Project study outlined the Company’s plans to deliver 1.5Moz of gold production over 10 years at a Life-of- Mine All-In Sustaining Cost of US$823/oz (A$1,097/oz).

Resolute is now undertaking strategic review of the Ravenswood Expansion Project with an initial focus on enhancing project economics by pursuing reductions in capital and operating costs. The review will also assess the potential for further growth through processing expansions, mine life extensions, and increased production capacity. Ongoing work has identified new exploration targets along with opportunities for plant expansions and improved environmental outcomes. Resolute intends for the strategic review to capture these enhancements and incorporate them into an updated mine plan.

The processing plant is currently configured for processing 2.8Mtpa (nameplate capacity of 5Mtpa) of ore using three-stage crushing, SAG and ball milling and carbon-in-pulp processing with a gravity circuit.

In January 2020, Resolute announced that it had entered into an agreement to sell Ravenswood to a consortium comprising EMR Capital Management Limited and Golden Energy and Resources Limited and would receive up to A$300 million in proceeds.

Bibiani, Ghana[ edit]
Potential exists for a high margin, long life underground mining operation at the Bibiani Gold Mine which is situated in the western region of Ghana in West Africa. It is bordered by Burkina Faso to the north, Cote d’Ivoire to the west and Togo to the east.

Bibiani is owned by Mensin Gold Bibiani Limited, a wholly owned subsidiary of Resolute. Resolute currently owns 100% of Mensin Gold Bibiani Limited through its wholly owned subsidiary, Resolute (Bibiani) Pty Ltd. The Government of Ghana is entitled to a 10% free carried interest in Mensin Gold Bibiani Limited.

Since assuming ownership in 2014 Resolute has embarked on two surface and underground resource drilling programs to re-assess the underground mine potential and in June 2018 released an update to its June 2016 feasibility study. This update demonstrated the potential for Bibiani to produce ~100,000oz per annum at a Life-of-Mine All-In Sustaining Cost of US$764/oz over a 10-year mine life.

Resolute is currently undertaking a strategic review to evaluate options for Bibiani