2020 Annual Report Resolute Mining Limited (ASX/LSE: RSG) has today published its 2020 Annual Report for the year ended 31 December 2020, available on the Company s website www.rml.com.au . The full financial report is available at the Company s website www.rml.com.au . The following sections are set out in this announcement: · Directors Report · Consolidated Statement of Financial Position · Consolidated Statement of Changes in Equity · Consolidated Cash Flow Statement · Notes to and forming part of the Financial Statements · Auditor s Independence Declaration · Mineral Resources and Ore Reserves Statement · Further information pertaining to the Company s operational and financial performance, sustainability performance, risk management, corporate governance and corporate directory
Corporate Governance Statement The Board of Resolute Mining Limited (Resolute or Company) is responsible for the corporate governance of the consolidated entity (Group). The Board guides and monitors the business and affairs of the Company on behalf of the Company s shareholders (Shareholders) by whom they are elected and to whom they are accountable. The Company has adopted the Fourth Edition of the Corporate Governance Principles and Recommendations (Fourth Edition) established by the ASX Corporate Governance Council and published in February 2019 by the Australian Securities Exchange (ASX) (available at https://www2.asx.com.au/about/regulation/corporate-governance-council ). The Company has also published an Appendix 4G which confirms that the Company has followed all of the principles and recommendations of the Fourth Edition.
Resolute Mining Limited (ASX/LSE: RSG) advises that Mitsubishi UFJ Financial Group, Inc. has issued a Form 605 titled Notice of ceasing to be a substantial holder to the Australian Securities Exchange.
A full PDF version of the Form 605 is available from the Company s website: https://www.rml.com.au/investors/asx-announcements/.
About Resolute
Resolute is a successful gold miner with more than 30 years of experience as an explorer, developer and operator of gold mines in Australia and Africa which have produced more than 8 million ounces of gold. The Company trades on the Australian Securities Exchange (ASX) and the London Stock Exchange (LSE) under the ticker RSG.
US$105 million in cash
`
Highlights
· Resolute Mining Limited (Resolute or the Company) has entered into a binding agreement to sell the Bibiani Gold Mine in Ghana to Chifeng Jilong Gold Mining Co. Ltd (Chifeng).
· Cash consideration will be payable as follows:
· US$5 million deposit on signing the agreement; and
· US$100 million on completion, expected by March 2021 following satisfaction of government approvals and other conditions.
· Chifeng intends to progress the redevelopment of Bibiani as soon as is possible.
· Chifeng is an international gold mining company listed on the Shanghai Stock Exchange operating five mines, including the world class Sepon gold mine in Laos.