2024 Sustainability Report Read More

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# 2024 Sustainability Report Read More

Source: https://www.rml.com.au/wp-content/uploads/2025/04/Resolute-Sustainability-Report-2024.pdf
Published: 2024-12-31T00:00:00+00:00
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# 2024 Sustainability Report Read More
2024
SUSTAINABILITY REPORT
CREATING VALUE FOR
SHAREHOLDERS
AND COMMUNITIES
WHERE WE OPERATE.
CONTENTS
2024 Sustainability highlights 2 About this Report
Resolute Mining Limited’s (Resolute or ‘the company’) 2024
Resolute Mining: Overview 4 Sustainability Report presents the environment, social and
governance (ESG) performance of the company for the period
Our Operations: Syama 5
from 1 January 2024 to 31 December 2024 and has been
Our Operations: Mako 6 prepared for Resolute’s stakeholders.
Our purpose 7
Resolute is a successful gold focused mining company which
2024 operational highlights 8
has adopted sustainability as one of its company values.
From the Chief Executive Officer 9
This Sustainability report provides a transparent account of
Our approach to Environment,
how Resolute addressed its material ESG exposures in 2024
Social and Governance matters 10
and details the company’s efforts to deliver lasting value to
2024 Sustainability highlights 14 stakeholders. This report is complemented by Resolute’s 2024
Our commitments 16 Annual Report, which presents the company’s operational and
Stakeholder engagement 19 financial results in accordance with statutory and regulatory
reporting obligations.
Annual materiality assessment 19
Resolute’s Board, Chief Executive Officer (CEO), Sustainability
Maintaining Good Governance 23 Committee and asset-level General Managers have reviewed
and endorsed the data and statements presented in this report.
Sustainability governance 24
Transparency and business ethics 30
Scope
All references to Resolute, the Company, we, us and our, refer
Fostering People and Culture 35 to Resolute Mining Limited (ABN 39 097 088 689) and its
Our management approach 36 subsidiaries. This Sustainability Report focusses on reporting
Employment 37 the ESG performance of Resolute’s current operating mines
Labour relations management 42 over which we have management control. It does not currently
include assets under care and maintenance, our exploration
Diversity, equity and inclusion 44
portfolio or investments.
Training and skills development 48
All dollar figures are in United States Dollar (USD) currency
Health and Safety & Security 50
unless otherwise stated. All references to 2024 are for the
Security 56 12-month period from 1 January 2024 to 31 December 2024
unless otherwise stated.
Empowering Local Communities 57 This Sustainability Report is prepared in accordance with
Our management approach 58 the Global Reporting Initiative (GRI) Sustainability Reporting
Value generation: our economic contribution 59 Standards (Core Option), the G4 Mining and Metals Sector
Community engagement 60 Disclosures and the Sustainability Accounting Standards Board
(SASB) for the metals and mining industry. In addition, this
Community complaints and grievances 62
report is aligned with the Responsible Gold Mining Principles,
Artisanal and Small-scale Mining 63 the International Council on Mining and Metals Mining
Community impact and management measures 64 Principles, and the UN Global Compact Principles and the Task
Community investment 66 Force on Climate-Related Financial Disclosures (TCFD).
Local procurement 68
Assurance
Protecting the Environment 69 Resolute has elected to not seek external assurance for this
Sustainability Report. However operations were externally
Our management approach 70
assured in 2024 against the requirements of the Responsible
Environmental monitoring and compliance 72 Gold Mining Principles, Conflict-Free Gold Standard, ISO 14001
Air quality 74 and ISO 45001.
Water and effluents 75 For more information, please contact:
Energy and climate change 77
Vanessa Evans
Our approach to climate-related risks and opportunities 79 Head of Environment and Community
Waste management 84 VEvans@resolutemining.com
Tailings management 87
Progressive rehabilitation and closure 91
Biodiversity 92
Additional Information 95
GRI content index 96
Abbreviations 102
Corporate directory 103
RESOLUTE MINING LIMITED 2024 SUSTAINABILITY REPORT 1
Overview
2024
SUSTAINABILITY HIGHLIGHTS
ECONOMIC ENVIRONMENT
$779 million Zero Significant
Economic value distributed Environmental incidents
in Mali and Senegal
Climate Change Financial
$344 million Modelling
Procurement expenditure
Completed
in Mali and Senegal
$4.1 million Biodiversity Offset
Local procurement expenditure in Programme
communities around our mines Contribution recognised
SOCIAL
$2.2 million Continued alignment
Spent in Community Investment with Global Industry Standard on
Tailings Management
Initial Actions Taken SAFETY
to implement the group-wide TRIFR of 2.11
Human Rights risk assessment Per million hours worked
GOVERNANCE
96%
National Employment
Continued
conformance
with the RGMPs and the
Conflict-Free Gold Standard
ISO 14001 and 45001
certification
Maintained
2 RESOLUTE MINING LIMITED 2024 SUSTAINABILITY REPORT
Overview
RESOLUTE MINING:
OVERVIEW
In this section:
• Our Operations: Syama
• Our Operations: Mako
• Our purpose
• Our values
• 2024 operational highlights
• From the Chief Executive Officer
• Our approach to Environment,
Social and Governance matters
• 2024 Sustainability highlights
• Our commitments
• Stakeholder engagement
• Annual materiality assessment
RESOLUTE MINING LIMITED 2024 SUSTAINABILITY REPORT 3
OVERVIEW I COMPANY PROFILE AND 2024 REVIEW
RESOLUTE MINING: OVERVIEW
With more than 30 years' experience of building and
operating mines, Resolute has the skills and expertise
to maximise the potential of its two producing gold
mines in Africa: the Syama Mine in Mali (Syama) and
the Mako Mine in Senegal (Mako).
During 2024, Resolute continued its drive on productivity During 2024, major progress was made on the construction of
improvements and operational efficiency at both Syama the Sulphide Conversion Project at Syama (SSCP). The project
and Mako. There was a key focus on organic growth with is underpinned by the large sulphide resource at Syama and
construction progressing on the Sulphide Conversion Project will increase overall sulphide processing capacity by 60% from
at Syama as well as the increase in mineral resources in 2.4Mtpa to 4.0Mtpa by modifying the oxide comminution circuit
Senegal and Guinea. and upgrading the roaster. The project is important for the
long-term future of Syama as oxide resources deplete and the
In 2024, Resolute poured 339,869oz of gold at an AISC of
ore sources become predominantly sulphide. Importantly, the
$1,476/oz, compared to 330,992oz at an AISC of $1,469/oz in
SSCP will retain operational flexibility by maintaining the ability
the prior year.
to switch back to treat oxide ore.
In Senegal, major progress was made on the possible extension
Our operations of the Mako mine through the potential addition of a satellite
Syama and Mako mined approximately 6.3 million tonnes (Mt) deposit. At this stage the most advanced satellite deposit
of ore with the processing plants milling approximately 6.2 Mt of is Tomboronkoto which has a Mineral Resource Estimate of
ore at a grade of 2.01 grams per tonne of gold (g/t). 7.0 Mt grading 1.7 g/t for 377 koz of contained gold at a 0.7 g/t
cut-off grade.
The Syama sulphide operation performed strongly in 2024
benefiting from the improvements that were put in place over
the last several years. In the second half of 2024, the Syama Corporate office
oxide operation and Mako were impacted by production
Resolute’s registered office is in Perth, Western Australia.
challenges including mining accessibility during the rainy
During 2024 some back-office support functions were moved
season. These were remedied during the fourth quarter of 2024
from Perth, to London, UK aligning them with the same time
with mining production levels returning to design levels. At
zone as the mining operations in West Africa.
Mako lower ore grades were encountered in the final areas of
the pit with mining scheduled to cease at the end of June 2025. The company trades on the Australian Securities Exchange
(ASX) and the London Stock Exchange (LSE) under the
Resolute continued several initiatives to improve operational
ticker RSG.
performance and reduce costs at both sites. At Syama this
included a focus on inventory management, strict reviews on
capital projects and continuous optimising of mine scheduling.
At Mako recoveries continued to benefit from the oxygen plant
commissioned in the prior year.
OUR OPERATIONS
AFRICA
SENEGAL
Mako Gold Mine
MALI
Syama Gold Mine
4 RESOLUTE MINING LIMITED 2024 SUSTAINABILITY REPORT
OVERVIEW I COMPANY PROFILE AND 2024 REVIEW
OUR OPERATIONS: SYAMA
Located in the southwest of Mali, approximately Mali
300km southeast of the capital Bamako, AFRICA
the Syama operations processed 3.9Mt and
produced 215 koz in 2024.
Bamako Syama
Gold Mine
Syama is owned by a local subsidiary, Société des Mines de The full-year AISC at Syama of $1,497/oz for 2024 was 3%
Syama S.A. (SOMISY) in which Resolute has an 80% interest higher than in 2023. The increase in AISC in 2024 was partly
and the Government of Mali holds the remaining 20%. The attributable to royalty payments as the base rate increased
Tabakoroni complex, which is approximately 32km south of from August as the gold price exceeded $2,500/oz.
Syama, is 90% owned by Société des Mines de Finkolo S.A.
(SOMIFI), and the Government of Mali holds the remaining
10%. Included within the SOMISY tenement holding is the Syama Oxide operations
processing facilities and camp infrastructure. Gold production from the Syama oxide operations for 2024
At Syama, the sulphide processing circuit comprises three- of 52.6 koz was 12% lower than 2023 (59.9koz) due to a lower
stage crushing, milling, flotation, roasting, calcine leaching and head grade of 1.24 g/t (2023: 1.42 g/t). This was a result of
elution processes. Ore is sourced from the underground mine stockpile material making up a larger component of the mill
which has adopted sub-level caving as a sustainable mining blend in 2024.
method. The oxide processing circuit comprises conventional In 2024 0.8 Mt of oxide ore was mined from open pits. This
crushing, SAG milling and leaching, with ore sourced from a was approximately 1 Mt less than 2023 (1.8 Mt mined) as the
series of satellite open pit deposits. quantity of the Oxide Ore Reserves, as expected, has been
diminishing. The reduction in oxide ore is the rationale for the
Sulphide Conversion Project to replace oxide ounces with
Syama Sulphide operations
sulphides from Syama North.
Gold production of 163.4 koz was 8% higher than 2023 (151.3
koz) due to higher utilisation and throughput at the sulphide
plant. Tonnes milled in 2024 of 2.4 Mt was 6% higher than Sulphide Conversion Project
2023 (2.26 Mt). Head grade remained similar at 2.64 g/t The project will increase overall sulphide processing capacity
for the year. at Syama by 60% from 2.4Mtpa to 4.0Mtpa by modifying the
The sub-level cave underground operation achieved a similar oxide comminution circuit and upgrading the roaster.
production level to 2023 of 2.4 Mt of ore mining as it continued Construction activities progressed well in 2024 with the
to benefit from productivity improvements from truck fill and project remaining on budget and on track based on the
loader operations that were implemented in 2023. new schedule.
Total
ore mined PROCESSING
3.2Mt 3.9Mt at 2.10g/t
and 81.3% recovery
GOLD PRODUCTION RESOURCES
215,934oz 10.0Moz at 2.5g/t
AISC RESERVES
$1,497/oz 4.1Moz at 2.4g/t
RESOLUTE MINING LIMITED 2024 SUSTAINABILITY REPORT 5
OVERVIEW I COMPANY PROFILE AND 2024 RE VIEW
Overview
OUR OPERATIONS: MAKO
Dakar Senegal
AFRICA
The Mako Gold Mine, which is a high quality,
open pit mine with potential m

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