2023 Sustainability report Read More

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# 2023 Sustainability report Read More

Source: https://www.rml.com.au/wp-content/uploads/2024/05/4798_Resolute-Sustainability-Report-2023_FINAL.pdf
Published: 2024-01-01T00:00:00+00:00
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# 2023 Sustainability report Read More
2023
SUSTAINABILITY REPORT
CREATING VALUE FOR
SHAREHOLDERS
AND COMMUNITIES
WHERE WE OPERATE.
CONTENTS
2023 Highlights 2 About this Report
Resolute Mining Limited’s (Resolute or the Company) 2023
Sustainability Report presents the environment, social and
Overview 3 governance (ESG) performance of the Company for the period
Company profile and 2023 review 4 from 1 January 2023 to 31 December 2023 and has been
CEO Message to Stakeholders 9 prepared for Resolute’s stakeholders.
2023 Sustainability Highlights 14 Resolute is a multi-mine, gold producer which has adopted
Stakeholder Engagement 19 Sustainability as one of its Company Values.
Annual Materiality Assessment 19 This Sustainability Report provides a transparent account of
how Resolute addressed its material ESG exposures in 2023
Maintaining Good Governance 21 and details the Company’s efforts to deliver lasting value to
stakeholders. This report is complemented by Resolute’s 2023
Sustainability Governance 23 Annual Report, which presents the Company’s operational and
Transparency and Business Ethics 28 financial results in accordance with statutory and regulatory
Human Rights and Modern Slavery 31 reporting obligations.
Resolute’s Board, CEO, Sustainability Committee and asset-level
Fostering People and Culture 33 General Managers have reviewed and endorsed the data and
statements presented in this report.
Our Management Approach 35
Employment 35
Scope
Labour Relations Management 38
All references to Resolute, the Company, we, us and our, refer to
Diversity, Equity and Inclusion 39 Resolute Mining Limited (ABN 097 088 689) and its subsidiaries.
Training and Skills Development 43 This Sustainability Report focusses on reporting the ESG
Health, Safety and Security 45 performance of Resolute’s current operating mines over which
we have management control. It does not currently include
assets under care and maintenance, our exploration portfolio
Empowering Local Communities 51 or investments.
Our Management Approach 53
All dollar figures are in United States Dollar (USD) currency
Community Engagement and Grievances 54 unless otherwise stated. All references to 2023 are for the
Community Incidents 55 12-month period from 1 January 2023 to 31 December 2023
unless otherwise stated.
Community Impact and Management Measures 56
Community Investments 56 This Sustainability Report is prepared in accordance with
the Global Reporting Initiative (GRI) Sustainability Reporting
Local Procurement 60
Standards (Core Option), the G4 Mining and Metals Sector
Disclosures and the Sustainability Accounting Standards Board
Protecting the Environment 61 (SASB) for the metals and mining industry. In addition, this report
Our Management Approach 63 is aligned with the Responsible Gold Mining Principles, the
International Council on Mining and Metals Mining Principles,
Environmental Monitoring and Compliance 64
and the UN Global Compact Principles and the Task Force on
Air Quality 65 Climate-Related Financial Disclosures (TCFD).
Water and Effluents 66
Energy and Climate Change 68 Assurance
Waste Management 73 Resolute has elected to not seek external assurance for this
Tailings Management 75 Sustainability Report, however operations were externally
assured in 2023 against the requirements of the Responsible
Progressive Rehabilitation and Closure 78 Gold Mining Principles, Conflict Free Gold Standard, ISO 14001
Biodiversity 79 and ISO 45001.
For more information, please contact:
Additional Information 81
Vanessa Evans
GRI Content Index 82 Head of Environment & Community
Corporate Directory 85 VEvans@resolutemining.com
RESOLUTE MINING LIMITED 2023 SUSTAINABILITY REPORT 1
Overview
2023
HIGHLIGHTS
ECONOMIC ENVIRONMENT
$575 million Zero Significant
Economic value distributed Environmental incidents
in Mali and Senegal
$338 million Climate Change
Procurement expenditure
in Mali and Senegal
Risk-Assessment
Completed group-wide
SAFETY
$14.5 million TRIFR of 1.71
Local procurement expenditure in
host communities and local regions Per million hours worked and no LTI
SOCIAL
$2.06 million Conformance
Spent in Community Investment
with the RGMPs
Human Achieved
GOVERNANCE
Rights Risk ISO 14001
Assessment and 45001
Completed group-wide
certification
95% Maintained
National Employment
2 RESOLUTE MINING LIMITED 2023 SUSTAINABILITY REPORT
Overview
PART 1
OVERVIEW
Company profile and 2023 review 4
CEO Message to Stakeholders 9
2023 Sustainability Highlights 14
Stakeholder Engagement 19
Annual Materiality Assessment 19
RESOLUTE MINING LIMITED 2023 SUSTAINABILITY REPORT 3
OVERVIEW I COMPANY PROFILE AND 2023 REVIEW
OVERVIEW
With more than 30 years' experience, Resolute has the
expertise to continue optimising the performance of its
two producing gold mines in Africa: the Syama Mine
in Mali (Syama) and the Mako Mine in Senegal (Mako).
During 2023, Resolute continued to focus on productivity project to convert the Oxide Plant into a Sulphide processing
improvements and cost efficiencies at its gold mines, facility Project which is underpinned by the Syama North
implementing a range of cost cutting initiatives as well as Resource that increased to over three and a half million ounces
progressing organic growth projects such as the Oxide Plant of gold. Construction of this project is expected to commence in
Conversion Project for sulphide processing at Syama. the first quarter of 2024 providing a strong growth opportunity
for the Company.
Resolute poured 330,994oz of gold at an AISC of $1,467 /oz,
compared to 353,069oz at an AISC of $1,498/oz in the prior year Resolute is also active in exploration with drilling campaigns
which included an extra contribution of residual gold processed across our Africa tenements in Mali, Senegal and Guinea. In
from legacy ponds. Mali, exploration has increased the Mineral Resource by 58%
over the 2021 estimate driven entirely by an increase in volume
Syama and Mako mined a near-record 6.6 million tonnes (Mt) of
of gold mineralisation. In Senegal, the company is seeking
ore with the processing plants milling 6.0Mt of ore at a grade of
to extend the current remaining three-year mine life of the
2.06 grams per tonne of gold (g/t).
Mako project and has embarked on a comprehensive regional
The 2023 result was impacted by production challenges exploration program over the 100% owned projects Koulountou
including mining accessibility during the rainy season at both and Sangola and the joint ventures at Mamakanti, Laminia,
sites and a high-carbon pocket in the Tabakoroni pit at Syama. Bantaco and Tomboronkoto. In Guinea, Resolute controls four
gold Exploration projects located within and along the margin
These were remedied and both sites returned to design levels in of the Siguiri Basin and has identified anomalies that are being
the December quarter. progressively tested.
Resolute had stable performance across both mines successfully Resolute’s registered office is in Perth, Western Australia. During
implementing a number of initiatives to improve operational 2023 select back-office support functions were moved from
performance and reduce costs. At Syama this involved stricter Perth, to London, UK aligning them with the same time zone as
inventory management and capital reviews. At Mako an oxygen the mining operations in West Africa.
plant was commissioned improving recoveries and the power
plant purchased to improve the fuel burn efficiencies and The Company trades on the Australian Securities Exchange
reliance on contractors. (ASX) and the London Stock Exchange (LSE) under
the ticker RSG.
The Company’s mine in Mali provides a strong platform for
organic growth. This is being realised with the initiation of a
OUR OPERATIONS
UNITED KINGDOM
London
AFRICA
SENEGAL
Mako Gold Mine
MALI
Syama Gold Mine
AUSTRALIA
Perth
4 RESOLUTE MINING LIMITED 2023 SUSTAINABILITY REPORT
OVERVIEW I COMPANY PROFILE AND 2023 REVIEW
SYAMA
Located in the southwest of Mali, West Africa Mali
approximately 300km southeast from the capital AFRICA
Bamako, the Syama operations processed 3.8Mt and
produced 211.1 koz in 2023.
Bamako Syama
Gold Mine
Syama is owned by a local subsidiary, Société des Mines de Gold production from the oxide processing operations for 2023
Syama S.A. (SOMISY) in which Resolute has an 80% interest was 59.9koz at an AISC of $1,631/oz compared to $1,801/oz in
and the Government of Mali holds the remaining 20%. The 2022. This decrease was due to a reduction in operating cost
Tabakoroni complex which is approximately 32km south of and sustaining capital expenditure.
Syama is 90% owned by Société des Mines de Finkolo S.A.
The open pit mining operation achieved 1.8Mt of ore, with
(SOMIFI), and the Government of Mali holds the remaining
the final cuts from the Tabakoroni pits containing marginally
10%. Included within the SOMISY tenement holding is the
higher levels of organic carbon, which impacted gold
processing facilities and camp infrastructure.
production Q2 2023.
At Syama, the sulphide processing circuit comprises three-
Recognising the diminishing oxide reserves, Resolute are
stage crushing, milling, flotation, roasting, calcine leaching and
now progressing on its Syama Sulphide Conversion Project
elution processes. Ore is sourced from the underground mine
(SSCP), which will increase the overall sulphide ore processing
which has adopted sub-level caving as a sustainable mining
capacity by 60% from 2.4tpa to 4.0Mtpa by modifying the
method. The oxide processing circuit comprises conventional
oxide comminution circuit and upgrading the roaster capacity.
crushing, SAG milling and leaching, with ore sourced from a
The expansion project is underpinned by the Syama North
series of satellite open pit deposits.
Mineral Resource which now totals 38 million tonnes at 2.9g/t
In 2023, Resolute made key improvements to the sulphide for 3.5Moz, within 200m of surface. Construction is planned
processing circuit, with overall eleven days of roaster to commence in Q1 2024 with commissioning expected in
shutdown during the year to complete maintenance work. the first half of 2025. The project is targeting a sustainable
In addition, more reliable crushers were installed in the production level in excess of 250 koz per annum, whilst
third quarter. Gold production from the sulphide processing maintaining the flexibility to switch processing between oxide
operations were down 6% to 151.3koz at an AISC of $1,390/ or sulphide ore.
oz compared to $1,410/oz in 2022. The decrease in AISC is
The Company believe that the large 10.3Moz Resource at
attributed to the ongoing cost saving initiatives.
Syama can support a larger operation than currently operated.
The underground mining operation in 2023 achieved 4% In 2024, a longer-term expansion project will be studied over
higher production and at a higher grade than the prior year the next two years with target production levels of over 400koz
with mined tonnage of approximately 2.4Mt. per annum exploiting various large sulphide deposits already
identified along the 85km of strike. The expansion project will
unlock the true potential at Syama in creating a Tier 1 asset
that benefits all its stakeholders.
Total
ore mined PROCESSING
4.2Mt 3.8Mt at 2.15g/t
and 80.8% recovery
GOLD PRODUCTION RESOURCES
211,146oz 10.3Moz at 2.5g/t
AISC RESERVES
$1,458/oz 4.0Moz at 2.6g/t
RESOLUTE MINING LIMITED 2023 SUSTAINABILITY REPORT 5
Overview
OVERVIEW I COMPANY PROFILE AND 2023 RE VIEW
MAKO
Dakar Senegal
AFRICA
The Mako Gold Mine which is a high quality,
open pit mine with potential life extension
through several near-mine exploration
opportunities is located in eastern Senegal, in
an area of environ

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