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| Date | 20 Sept 2022 |
| Time | 07:00:06 |
| Category | Miscellaneous |
| ID | 9512Z |
20 September 2022
Resolute Mining Limited
(Resolute or the Company)
First instalment of final Bibiani tranche paid
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Resolute Mining Limited (Resolute or the Company) (ASX/LSE: RSG) is pleased to announce that it has received the first payment of $10 million under the deferred payment arrangement for the final tranche of $30 million (plus $2.7 million in respect of an environmental bond) from Asante Gold Corporation(Asante).
The remaining payments due from Asante are:
· payment of $10 million on or before 19 October 2022; and
· payment of $12.7 million and all interest payable on or before 18 November 2022 (see ASX Announcement "Half Year Financial Results and Accounts" dated 25 August 2022 for further details).
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Resolute James Virgo, GM Finance and Investor Relations +61 8 9261 6100
Media Cameron Morse, FTI Consulting +61 433 886 871
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Public Relations Jos Simson / Emily Moss, Tavistock +44 207 920 3150 / +44 7788 554 035
Corporate Broker Matthew Armitt / Jennifer Lee, Berenberg +44 20 3207 7800
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Authorised by Mr Terry Holohan, Managing Director and Chief Executive Officer