Evolution Mining Limited · ASX:EVN
Evolution Mining — Diggers and Dealers 2021
21 slides from Evolution Mining's conference presentation, 2021
Slide 1: Diggers and Dealers 2021
Click on the page to view the video Diggers and Dealers 2021 Inspired people creating a premier global gold company 1
Slide 2: Forward Looking Statement
FORWARD LOOKING STATEMENT These materials prepared by Evolution Mining Limited (or “the Company”) include forward looking statements. Often, but not always, forward looking statements can generally be identified by the use of forward looking words such as “may”, “will”, “expect”, “intend”, “plan”, “
Slide 3: A Rough 12 Months for Gold
A ROUGH 12 MONTHS FOR GOLD ASX All Ords Gold Index (XGD) vs ASX300 Metals & Mining Index (XMM) +25% -30% Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 XMM (% chg) XGD (% chg) Source: https://au.finance.yahoo.com/ 3
Slide 4: Every Investor Should Have Insurance
EVERY INVESTOR SHOULD HAVE INSURANCE Central Bank Assets Gold price (US$ per ounce) US$8.0T €7.7T ¥717T US$1797/oz US$520/oz 2006 2008 2010 2012 2014 2016 2018 2020 2021 2006 2008 2010 2012 2014 2016 2018 2020 2021 ECB Total Assets Bank of Japan Total Assets Fed Balance Sheet Assets Source: https://
Slide 5: Evolution Snapshot
EVOLUTION SNAPSHOT MARKET CAPITALISATION 1 A$7.6bn NET DEBT 2 A$460M GOLD MINERAL RESOURCES 3 26.4Moz GOLD ORE RESERVES 3 9.9Moz RESERVE PRICE ASSUMPTION A$1,450/oz FY21 PRODUCTION 681koz FY21 AISC A$1,215/oz NUMBER OF OPERATING ASSETS 6 PORTFOLIO MINE LIFE 4 13+ years Pictured: Cochenour shaft – Re
Slide 6: Focused Portfolio of Assets in Tier 1 Jurisdictions
FOCUSED PORTFOLIO OF ASSETS IN TIER 1 JURISDICTIONS ▪ Evolution has a focused portfolio of assets located solely Red Lake in Tier 1 jurisdictions ▪ Australia and Canada are amongst the highest rated countries based on the Fraser Institute and World Bank metrics Ernest Henry Mt Carlton Mt Rawdon Mung
Slide 7: Sustainability – Integrated into Everything We Do
SUSTAINABILITY – INTEGRATED INTO EVERYTHING WE DO ▪ Keeping our people healthy and safe ◼ Through strong collective leadership Evolution continues to operate safely through COVID-19 with Creating value in the areas we no material impact on operations choose to lead ▪ Environment, climate risk and em
Slide 8: Four Long Life, High Margin Cornerstone Assets
FOUR LONG LIFE, HIGH MARGIN CORNERSTONE ASSETS Executing a focused and sustainable growth strategy Cowal Red Lake Ernest Henry Mungari Expansion Transformation Extension Expansion Underground Investment in restoring Below 1200mRL Kundana acquisition development project to to a premier Canadian Conce
Slide 9: Cowal
COWAL In the next three years Cowal Underground development ▪ A$380M investment in Cowal Underground Production ▪ Strong community support for the project to ramp-up 350kozpa ▪ Base load of open pit ore from E42 and longer-term development of to satellite pits All-in Cost expected to ~28% decrease b
Slide 10: Red Lake
RED LAKE In the next three years Red Lake Transformation – a clear pathway to 350kozpa Production ▪ Large Mineral Resource of 11Moz1 ramp-up to 200kozpa ▪ Growth plans accelerated by Battle North acquisition ▪ Investment now focused on mine development to fill mills All-in Cost expected to ~26% decr
Slide 11: Ernest Henry
ERNEST HENRY Ernest Henry Extension below the 1200m RL ▪ Current drill program testing extension of the ore body below the Mine life extension milestones current reserves at 1,200mRL ▪ Targeting a 3 – 5 year mine life extension with increased copper exposure Below Finalising concept 1,200mRL study t
Slide 12: Acquisition of Kundana Assets
ACQUISITION OF KUNDANA ASSETS 1 Elevating Mungari to create Evolution’s Map of the Acquisition Assets Legend fourth cornerstone asset and Mungari Evolution Acquisition Assets Current ore sources ▪ Acquisition of underground operating mines within Carnage Processing facilities 8km of Evolution’s low-
Slide 13: Mungari – A Fourth Cornerstone Asset
MUNGARI – A FOURTH CORNERSTONE ASSET Gold production objective of 200kozpa post Doubling Mungari’s mineral endowment with higher mill expansion grade ore sources Pro Forma Mungari Ore Reserve and Mineral Resources (koz) (Pre-EVN certification)1 ▪ More than doubles Mineral Resources and Ore Reserves1
Slide 14: Enhances Portfolio Quality
ENHANCES PORTFOLIO QUALITY Four long life, high margin assets 3,000 Ernest Henry Production Base2 2,500 100koz LOM AISC Margin (A$/oz)1 Acquisition Assets extend Mungari’s mine 2,000 life and support Mungari mill expansion to Cowal increase scale to a 200kozpa operation Red Lake Mungari 1,500 Mungar
Slide 15: People – Our Most Important Asset
PEOPLE – OUR MOST IMPORTANT ASSET SAFETY | EXCELLENCE | ACCOUNTABILITY | RESPECT 15
Slide 16: Appendix
~P Appendix Evolution MINING 16
Slide 17: Evolution 2020 Gold Mineral Resources
EVOLUTION 2020 GOLD MINERAL RESOURCES Gold Measured Indicated Inferred Total Resource Dec 19 Resource Gold Gold Gold Gold Gold Gold Gold Tonnes Gold Tonnes Tonnes Tonnes CP4 Gold Metal Project Type Cut-Off Metal Grade Metal Grade Metal Grade Metal (Mt) Grade (g/t) (Mt) (Mt) (Mt) (koz) (koz) (g/t) (k
Slide 18: Evolution 2020 Gold Ore Reserves
EVOLUTION 2020 GOLD ORE RESERVES Dec 19 Gold Proved Probable Total Reserve Reserves Gold Gold Gold CP4 Tonnes Gold Tonnes Gold Grade Tonnes Gold Gold Metal Project Type Cut-Off Metal Metal Metal (Mt) Grade (g/t) (Mt) (g/t) (Mt) Grade (g/t) (koz) (koz) (koz) (koz) Cowal1 Open pit 0.45 20.60 0.46 306
Slide 19: Evolution 2020 Copper Resources & Reserves
EVOLUTION 2020 COPPER RESOURCES & RESERVES Group Copper Mineral Resource Statement Dec 19 Copper Measured Indicated Inferred Total Resource Resources Copper Copper Copper Copper Copper Copper CP3 Tonnes Copper Tonnes Copper Tonnes Tonnes Copper Project Type Cut-Off Metal Metal Grade Metal Grade Meta
Slide 20: Acquisition Assets Resources & Reserves
ACQUISITION ASSETS RESOURCES & RESERVES Acquisition Assets Mineral Resource Statement1 Gold Measured Indicated Inferred Total Resource Gold Gold Tonnes Gold Grade Tonnes Gold Gold Metal Tonnes Gold Gold Metal Tonnes Gold Metal Project Metal Grade (Mt) (g/t) (Mt) Grade (g/t) (koz) (Mt) Grade (g/t) (k
Slide 21: Evolution Mining
Evolution MINING