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Resolute Mining has global investment manager increase stake

The substantial shareholder increased its holding to 52.06 million shares from 44.6 million.

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Dimensional has 13 offices across nine countries

Resolute Mining Ltd (ASX:RSG) has had major shareholder Dimensional Entities increase its stake in the company to 7.02% from 6.02%.

Dimensional Entities encompasses Dimensional Fund Advisors, a US-headquartered investment firm that applies academic research to practical investing on a global scale.

Resolute recently acquired a 15% interest in Orca Gold (CVE:ORG) by participating in a share placement.

Orca is a first mover in the emerging gold industry in Sudan with a JORC resource of 3.8 million ounces of gold.

The investment in Orca represents a strategic stake in an exciting development opportunity and expands Resolute’s potential project pipeline.

Resolute and Orca will collaborate on opportunities in Sudan, Côte D’Ivoire, and elsewhere in Africa.

Quick facts: Resolute Mining Limited

Price: 0.795 AUD

ASX:RSG
Market: ASX
Market Cap: $874.83 m
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