## financial 

Achieved an above target Operating Profit after tax of A$31.9m 

Generated strong gross cash flows from gold operations of A$18m 

Secured finance facilities totalling A$20m to partially fund the acquisition of the Ravenswood Mine 

Maintained sound levels of cash and bullion on hand 

## corporate 

Capital raising of net A$14.5m through an issue of shares to institutional resource investors to partially fund the US$13m acquisition of the Syama Gold Project in Mali 

Purchased the Ravenswood Mine from Xstrata at a cost of US$45m, elevating Resolute into the Top 3 Australian domiciled gold producers 

Sale of non-core investments including AGR Limited, Gallery Gold Limited and Red Back Mining NL providing one off cash flow of A$34.1m and a profit contribution of A$17.7m 

Sale of exploration interests at Indee to Bullion Minerals 

Agreement to vend Belahouro project in Burkina Faso to Goldbelt Resources 

Continued restructure of hedge book with a focus on increasing price protection through put options 

## exploration / development 

Exercised option to acquire an 80% interest in the multi-million ounce Syama Gold Project in Mali based on positive conclusions of pre-feasibility redevelopment study 

Bankable feasibility study on Syama project commenced 

Elected to enter the earning phase of the Etruscan Finkolo joint venture on tenure that abuts the Syama permits 

Exploration activity accelerated in Tanzania with focus on areas proximal to the Golden Pride Mine and the Nyakafuru Project 

Significant tenure in the newly acquired historical gold field at Ravenswood reappraised and prioritised 

