Resolute Mining Limited

Published : February 27th, 2015

Additional Appointment to the Board of Directors

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Additional Appointment to the Board of Directors

Additional Appointment to the Board of Directors.docx

ASX Announcement

27 February 2015 01


Resolute Mining Limited (ASX: RSG, "Resolute") is pleased to announce the appointment of Mr John Welborn as a non-executive director effective today. An Appendix 3X is attached.

Mr Welborn is a Chartered Accountant and highly respected senior executive and company director with extensive experience in the resources, finance and investment banking industries. He was previously the Head of Specialised Lending in Western Australia for Investec Bank (Australia) Ltd and is currently Managing Director and CEO of Equatorial Resources Limited. A former international rugby union player, Mr Welborn has more than 20 years of commercial experience in national and international leadership roles and was recently named by MiningMx as one of the 100 Most Influential People in Africa's Mining Industry.

Mr Welborn is a Fellow of the Institute of Chartered Accountants in Australia, a Fellow of the Australian Institute of Management, and holds membership of the Australian Institute of Mining and Metallurgy, the Financial Services Institute of Australasia, and the Australian Institute of Company Directors.

Resolute Chairman Peter Huston said, "With the addition of Mr Welborn to the Board we are fortunate to have attracted someone of his calibre who will bring with him extensive experience relevant to our business."


Chief Executive Officer

About Resolute:

Resolute is an unhedged gold miner with two operating mines in Africa and Australia. The Company is one of the largest gold producers by volume listed on the ASX with FY15 guidance of 315,000 ounces of gold production at a cash cost of $890/oz. Resolute's flagship Syama project in Mali is on track for an increase in production to 270,000oz of gold a year following the recent addition of the oxide circuit to the processing plant. At its Ravenswood mine in Queensland Resolute is investigating a number of opportunities to add value by increasing gold production and lowering operating costs. In Ghana, the Company is now the owner and operator of the advanced Bibiani gold project where work is being undertaken on an underground feasibility study including a 25,000m drill program. The Company
controls an extensive footprint along the highly prospective Syama Shear and Greenstone Belts in Mali and Cote d'Ivoire. Resolute has also identified a number of highly promising exploration targets at its Ravenswood operations and holds a number of exploration projects in Tanzania surrounding its now completed Golden Pride mine.

Appendix 3X Initial Director's Interest Notice

Appendix 3X

Initial Director's Interest Notice

Rule 3.19A.1

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/9/2001.


ABN 39 097 088 689

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director

John Paul Welborn

Date of appointment

27 February 2015

Part 1 - Director's relevant interests in securities of which the director is the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.

Number & class of securities

350,000 fully paid ordinary shares

200,000 convertible notes

+ See chapter 19 for defined terms.

11/3/2002 Appendix 3X Page 1

Appendix 3X

Initial Director's Interest Notice

Part 2 - Director's relevant interests in securities of which the director is not the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Name of holder & nature of interest Note: Provide details of the circumstances giving rise to the relevant interest.


Number & class of Securities

Part 3 - Director's interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.

Detail of contract

Nature of interest


Name of registered holder

(if issued securities)

No. and class of securities to which

interest relates

+ See chapter 19 for defined terms.

Appendix 3X Page 2 11/3/2002

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Data and Statistics for these countries : Australia | Ghana | Mali | Tanzania | All
Gold and Silver Prices for these countries : Australia | Ghana | Mali | Tanzania | All

Resolute Mining Limited

ISIN : AU000000RSG6
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Resolute Mining is a gold producing company based in Australia.

Resolute Mining holds various exploration projects in Ghana.

Its main assets in production are GOLDEN PRIDE and RAVENSWOOD - SARSFIELD in Australia and SYAMA in Mali, its main assets in development are FINKOLO in Mali and MT. WRIGHT in Australia and its main exploration properties are NYAKAFURU in Tanzania and AKOASE in Ghana.

Resolute Mining is listed in Australia. Its market capitalisation is AU$ 229.9 millions as of today (US$ 165.9 millions, € 145.4 millions).

Its stock quote reached its lowest recent point on December 19, 2014 at AU$ 0.22, and its highest recent level on September 23, 2016 at AU$ 2.35.

Resolute Mining has 736 979 968 shares outstanding.

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Annual reports of Resolute Mining Limited
2007 Annual Report
Financials of Resolute Mining Limited
8/2/2016Record $213 Million Net Profit
Project news of Resolute Mining Limited
7/1/2016Syama DFS delivers long life mine with strong margins
6/29/2016Syama DFS delivers long life minewith strong margins
Corporate news of Resolute Mining Limited
7/31/2016Syama Drilling Results confirm major extension
7/27/2016Quarterly Activities Report
7/6/2016FY16 Production and FY17 Guidance
7/6/2016Transforming world class gold assets into an outstanding bus...
6/24/2016Conversion and Redemption of Convertible Notes Completed
6/23/2016Bibiani Feasibility Study Completed
6/21/2016Resolute to Recommence Open Pit Mining at Ravenswood
6/20/2016Secured Debt Fully Repaid
5/23/2016Convertible Notes Redemption Confirmed
4/22/2016Quarterly Activities Report for the period ended 31 March 20...
4/20/2016Quarterly Conference Call
4/19/2016Early Redemption of Convertible Notes
4/19/2016Transforming world class gold assets into an outstanding bus...
4/10/2016Resolute: new management structure to drive transformation
4/5/2016Appendix 3Y – Change of Director’s Interest
3/30/2016Appendix 3Y - JPW
1/28/2016December Quarterly
1/28/2016Quarterly conference call invitation
1/7/2016Appendix 3Y – PRS
11/25/2015Appendix 3Y – JPW
11/25/2015Details of Voting at AGM
10/28/2015Quarterly conference call invitation
10/26/2015Notice of Annual General Meeting
10/23/2015Voluntary Acceleration of Debt Repayments
10/21/2015Appendix 4G
10/6/2015Share Buy-back Program
9/4/2015Convertible Note Interest Payment Record Date Appendix 3A.2
8/28/2015Appendix 3Y – PRS
8/28/2015Appendix 3B 150828
8/28/2015Preliminary Final Report
8/27/2015Reserve and Resource Update 2015
8/4/2015CEO Presentation at Diggers & Dealers
7/22/2015Quarterly conference call invitation
7/10/2015Appendix 3Y – JPW
7/6/2015Appendix 3Y – PRS
4/1/2015Further Significant High Grade Drill Results at Bibiani
3/20/2015Syama Gold Mine to Move to Underground Mining by 2017
2/27/2015Additional Appointment to the Board of Directors
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