Resolute secures USD 140 million senior debt facilities

Resolute Mining Limited (ASX:RSG) has signed senior debt facilities of up to USD 140 million with Nedbank and Citibank. The facilities provide immediate access to USD 60 million of funding, with the potential to increase this amount by up to USD 80 million through the Accordion Facility.

Executive Commentary on Loan Facility

We are delighted to secure this USD 60 million loan facility and appreciate the confidence Nedbank and Citibank have shown in our business. This financing demonstrates the Company's ability to access commercial debt financing at competitive terms from international lenders. This loan facility provides us the flexibility to drive sustainable organic growth of the business as well as pursue inorganic growth opportunities.

Summary of Resolute's Loan Facility Announcement

Resolute Mining Limited (ASX:RSG) has successfully secured senior debt facilities of up to USD 140 million with Nedbank and Citibank. The primary purpose of the Facility is to provide increased flexibility to continue to explore organic and inorganic growth opportunities. With the new financing facility, Resolute's liquidity will increase to over USD 200 million, strengthening the balance sheet. The Company's announced growth opportunities, including the Syama Phase 1 expansion and investments in extending the mine life at Mako, are currently self-funded. The Facility is anticipated to remain undrawn until other growth projects have been identified, reflecting the Company's strategic approach to maintaining a strong financial position while capitalizing on emerging opportunities.