Name of the Project
Doropo gold project.

Location
Bounkani region, in north-eastern Côte d’Ivoire, about 480 km north-east of Abidjan and roughly 50 km north of Bouna, near the border with Burkina Faso.

Project Owner/s
ASX- and LSE-listed gold miner Resolute Mining Limited, through its wholly owned Ivorian subsidiaries Ampella Mining Côte d’Ivoire and Ampella Mining Exploration Côte d’Ivoire.

Project Description
The Doropo gold project is a large-scale, openpit gold development underpinned by a definitive feasibility study (DFS) update completed in December 2025. The project comprises 11 defined deposits, with eight pits in the current DFS mine plan, clustered around a central processing hub with several satellite pits.

Conventional drill-and-blast, load-and-haul openpit methods will be used to mine, with all production mining activities performed by a contract mining operator.

Ore from the hub pits will be delivered directly to the processing plant, while material from satellite deposits will be stockpiled and rehandled for transport to the plant.

Waste rock will be placed in engineered waste rock dumps, with progressive rehabilitation planned throughout the life-of-mine (LoM).

The processing facility is designed for a throughput of 4.9-million tonnes a year over an estimated 13-year mine life, and will use a gravity and carbon-in-leach (CIL) flowsheet.

Average life-of-mine metallurgical recoveries are estimated at about 88%, supporting average annual gold production of about 169 000 oz and total production of about 2.2-million ounces over the LoM. Average gold output over the first five years is forecast at 204 000 oz/y.

The project requires the development of extensive greenfield infrastructure, including a 90 kV grid power connection from the Bouna substation, a tailings storage facility, water harvesting and storage dams, site access roads, nonprocess infrastructure and an accommodation village.

Resolute will retain owner-managed technical, operational and support functions.

Potential Job Creation
The quarterly report for the period ended September 30, 2026, records more than 860 site personnel after September 30, 2026, about 80% Ivorian nationals and 25% from the local region.

Net Present Value/Internal Rate of Return
Based on a long-term gold price of $3 000/oz and a 5% discount rate, the project delivers a pretax net present value (NPV) of $1.96-billion and an internal rate of return (IRR) of 57%.

On an after-tax basis, the NPV is estimated at $1.46-billion, with an IRR of about 49%. The payback period from first production is estimated at about 1.7 years.

At $4 000/oz gold, the March 2026 final investment decision (FID) announcement reports an after-tax NPV of $2.54-billion at a 5% discount rate, an IRR of 72% and payback of 1.1 years from first production, on a 100% project basis.

Capital Expenditure
Initial capital expenditure is estimated at $516-million.

Planned Start/End Date
Construction is under way and is reported to be on schedule and within budget. Prestripping is expected from the second quarter of 2027 and first gold in the first half of 2028.

Latest Developments
Resolute Mining announced an FID to develop the project on March 12, 2026, paving the way for construction to start.

The FID followed completion of the technical, economic, environmental and social studies, as well as the granting of a mining permit by Côte d’Ivoire’s Council of Ministers.

Resolute’s October project journal reports that the concrete batch plant has been commissioned, foundations excavated for the grinding mills and CIL tanks, and accommodation works advanced. Equipment awards include gravity concentrators, an intensive cyanidation leach reactor, wet vibrating screens and a CIL overhead crane.

Exploration drilling started at Kilosegui in the third quarter of 2026. A 20 000 m reverse circulation and step-out diamond drilling programme is planned, continuing into 2027.

After the September quarter-end, Resolute secured $260-million of local credit facilities. $29.40-million had been drawn by September 30. Together with its balance sheet and operating cash flow, these provide sufficient development liquidity under current market and regulatory conditions.

Key Contracts, Suppliers and Consultants
Lycopodium Minerals (engineering, procurement and construction management and DFS update); Orelogy Mine Consulting (mining studies); Knight Piésold (tailings, water and infrastructure); ECG Engineering (high-voltage power supply); and The Mineral Corporation (due diligence).

Contact Details for Project Information
Resolute Mining, tel +61 8 9261 6100 or email contact@rml.com.au.