Strategic Partnership between Resolute Mining Limited And Nimba Mining Company To Evaluate Gold Opportunities in Guinea

Resolute Mining Limited and Nimba Mining Company S.A. – a 100% Guinean state-owned company – have announced that a strategic Memorandum of Understanding has been signed regarding the potential co-development of gold projects in Guinea.

With the involvement of the Government of Guinea represented by the Ministry of Mines and Geology this partnership represents a significant milestone in advancing mineral exploration and development activities within one of West Africa's most prospective gold regions.

This Memorandum represents NMC’s first collaboration with an international listed company operating in the gold sector. The partnership will focus on jointly assessing mineral resources, conducting comprehensive geological studies, and developing strategic frameworks for potential large-scale gold production operations. Both companies bring extensive expertise in mining operations, development, and exploration.

This announcement underscores the commitment of both Resolute and NMC to developing the goldsector in Guinea in a responsible and sustainable manner. The partnership is expected to generate significant opportunities for local and regional stakeholders.

NMC's Chief Executive Officer, Patrice L'Huillier commented: "This partnership with Resolute will allow NMC to launch its gold projects in accordance with the State's guidelines indicated in the Simandou 2040 Program and the vision of the Ministry of Mines and Geology as NMC's technical supervisor. Choosing the option of co-developing mining projects with Resolute will strengthen the share of local content in Guinea's mining ecosystem".

Resolute’s Chief Executive Officer, Chris Eger commented: "We are delighted to have been selected by NMC and the Guinean Government for the co-development of gold projects in Guinea. This partnership reflects our commitment to invest in Guinea – a jurisdiction that we believe has the potential for Resolute to develop a fourth mine – and to share value with all stakeholders for sustainable projects. Our teams remain mobilised for the evaluation of areas of interest with high potential in collaboration with the NMC teams and the support of the Ministry of Mines and Geology".