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Resolute Mining Limited (ASX:RSG)

ALERT: Price-sensitive ASX Announcement for RSG
Current share price for RSG : $1.410 0.47 (50%)+
Announcement
Release
22 Jul 2026 8:27AM
Price at Release
$0.940
Full Release
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Summary
Resolute Mining Limited has announced a significant update to the Mineral Resource Estimate (MRE) for its ABC Project in northwest Côte d’Ivoire, expanding it to over 3.0 million ounces of contained gold. The company has conducted extensive drilling, confirming extensions to mineralisation at Kona South and Kona Central, with both zones remaining open for further exploration. A substantial investment of $15-25 million is planned for further drilling and feasibility studies, as the project advances with the aim of establishing a new mine in Côte d’Ivoire, reflecting Resolute's strategic growth objectives in West Africa.
Key Points
  • Resolute Mining Limited announced an expanded Mineral Resource Estimate (MRE) for the ABC Project.
  • The updated MRE includes over 3.0 million ounces of contained gold.
  • Resolute has completed over 31,000 meters of drilling since acquiring the ABC Project in 2025.
  • The targeted areas, Kona South and Kona Central, remain open along strike and at depth, signaling potential for further resource growth.
  • A $15-25 million work program is underway to further develop the project, including an 80,000-meter drill program.
  • The project is located in northwest Côte d’Ivoire and consists of four exploration permits: Faraka-Nafana, Kona, Windou, and Gbemanzo.
  • Resolute aims to convert Inferred Mineral Resources to the Indicated category through extensive drilling and technical studies.
  • The ABC Project is poised to become Resolute’s fourth mine in West Africa and its second in Côte d’Ivoire.
  • The Moya prospect, 8km north of Kona Central, represents a new growth target.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.