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This CapEx normalisation also reflects enhanced cost discipline, including the cancellation of non-core studies and programs.
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Under the MoU, REalloys plans to obtain up to 10% of production from Sheep Creek.
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Major Drilling Mexico spudded the first hole and finished it last month.
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The company has filed a permit application with the Ministry of Mines for the 2026 drill programme and is awaiting a decision.
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The MoU supports Resolute's strategy to expand its pipeline of growth opportunities in established West African gold regions.
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The project includes prospecting licences P15/6723, P15/6724, P15/6725, and P15/6726.
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