The purchase increases Welborn’s overall holding to 4.44 million shares making him one of the company’s largest shareholders.
Resolute is in the process of developing its third operating gold mine Bibiani in Ghana alongside the Syama mine in Mali and Ravenswood mine in Queensland.
Production from Bibiani in FY21 will play a key role in transforming Resolute into a 500,000 ounces per annum gold producer.
Resolute recently strengthened the technical expertise of its board through the appointment of non-executive director Sabina Shugg AM.
Shugg is a mining engineer with over 30 years’ experience involving senior operational roles with leading mining and consulting organisations including Normandy, Newcrest Mining Ltd (ASX:NCM), and KPMG.
She serves on a number of boards and committees committed to gender diversity, education, and resources.
Shugg replaces Bill Price who will retire from the board in October after 15 years of service.