Slide 1: Mungari site visit
Inspired people creating a premier global gold company For personal use only Mungari site visit 6 August 2024
Slide 2: Forward looking statement
Forward looking statement These materials prepared by Evolution Mining Limited ('Evolution' 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
Slide 3: Welcome
Welcome For personal use only Scott Barber General Manager Mungari
Slide 4: Acknowledgement of Country
Acknowledgement of Country For personal use only Evolution Mining acknowledges the Traditional Custodians of the lands on which we operate and pay our respects to their Elders past and present. We recognise their strengths and ongoing connection to the land, waters and communities as the Custodians
Slide 5: Exceptional team in place
Exceptional team in place For personal use only Matt O'Neill Scott Barber Shane Barker Shaune Finn Guy Grant Chief Operating Officer General Manager Manager Operations Manager Surface Manager Processing Mungari Mining & Operational Readiness Nancy Guay Dan Brearley Jesse Mann John Kennedy Matt Thomp
Slide 6: Mungari
Mungari Gold production Operating mine cash flow FY2024 ▪ Consolidated regional ownership FY2024 Mungari For personal use only 8% ▪ Track record of stable and consistent operations Mungari under Evolution ownership 17% ▪ Over 1 million ounces of gold produced ▪ Avg production 130koz pa FY22-24 ▪ ~$9
Slide 7: Sustainability integrated into everything we do
Sustainability integrated into everything we do For personal use only 7
Slide 8: Mungari 4.2
Mungari 4.2 For personal use only Dan Brearley General Manager Projects 8
Slide 9: Project status
Project status ▪ Project approved June 2023 ▪ $250 million infrastructure investment For personal use only ▪ Completion by March 2026 ▪ Project on schedule and within budget ▪ 13 months into 30-month build ▪ Positive contractor performance ▪ Risk mitigation measures ▪ Labour risk diminished ▪ Constr
Slide 10: Process plant overview
Process plant overview Processing plant: ▪ Single stage crusher, For personal use only SABC, leaching, in-pit Existing tailings deposition SAG mill crushing ▪ Throughput 600tph (4.2Mtpa) following expansion ▪ Total recovery – 93% Leaching Thickener New crushing Stockpile 10
Slide 11: Mining from hubs
Mining from 3 hubs 5.9Moz endowment1 – 3 mining hubs in first 5 years ▪ Conventional mining method for eastern goldfields For personal use only ▪ Ore volume - ~80% open pit, ~20% underground ▪ Castle Hill ▪ Base load open pit ore feed to mill ▪ Early contractor involvement on track for mining ▪ Kund
Slide 12: Discovery
Discovery For personal use only Brad Daddow Manager Geology 12
Slide 13: Mungari Reserve growth strategy
Mungari Reserve growth strategy ▪ Consolidated large-scale (748km2) landholding over key For personal use only prospective corridors ▪ Track record of discovery to support growth ▪ December 2023 Mineral Resource1 increased by 532Koz (+11%) year-on-year to 5.9Moz (net of mining depletion) ▪ Organic r
Slide 14: Genesis – converting and extending mineral resources
Genesis – converting and extending mineral resources ▪ High-grade drilling results at the Genesis For personal use only Genesis discovery outside of the Mineral Resource – continued growth proximal to planned underground mining fronts ▪ Drilling confirming the geological model, tracing the mineralis
Slide 15: Discovery – testing high-grade targets
Discovery – testing high-grade targets A A’ For personal use only A A’ Kundana Long Section Long section view map of the Kundana Gold Camp, drilling density by grade and the FY25 discovery targets ▪ Geological modelling shows key mineralised structures continue north along the Zuleika shear corridor
Slide 16: Summary
Summary For personal use only Tracking to plan and budget Exceptional team in place Key risks under control Unlocking near-term returns in Kalgoorlie 16
Slide 17: Questions
For personal use only Questions
Slide 18: Appendix: Exploration update
Appendix For personal use only Exploration update
Slide 19: Mungari Competent Person statement
Mungari Competent Person statement The information in this report that relates to the Cowal exploration results is based on work compiled by Bradley Daddow who is employed on For personal use only a full-time basis by Evolution Mining Limited and is a member of the Australian Institute of Geoscienti
Slide 20: Drill hole information summary
Drill hole information summary Hole Easting (m) Northing (m) Elevation Hole Length Hole ID Dip Azimuth From (m) DH Length (m) ETW (m) Au (g/t) Type MGA94 z51 MGA94 z51 (m) (m) For personal use only GERSD24001 DD 331303 6599899 -110 -23 3 422.8 255.9 0.26 0.17 31.90 GERSD24001 DD 331303 6599899 -110
Slide 21: Drill hole information summary
Drill hole information summary Hole Easting (m) Northing (m) Elevation Hole Length From Hole ID Dip Azimuth DH Length (m) ETW (m) Au (g/t) Type MGA94 z51 MGA94 z51 (m) (m) (m) For personal use only GERSD24016 DD 331303 6599899 -110 -30 353 425.7 360.0 0.50 0.33 20.10 GERSD24016 DD 331303 6599899 -11
Slide 22: Drill hole information summary
Drill hole information summary Hole Easting (m) Northing (m) Elevation Hole Length From Hole ID Dip Azimuth DH Length (m) ETW (m) Au (g/t) Type MGA94 z51 MGA94 z51 (m) (m) (m) For personal use only XMGC24007 DD 331305 6599897 -110 -21 3 310.5 263.4 0.21 0.14 15.95 XMGC24007 DD 331305 6599897 -110 -2
Slide 23: Drill hole information summary
Drill hole information summary Hole Easting (m) Northing (m) Elevation Hole Length From Hole ID Dip Azimuth DH Length (m) ETW (m) Au (g/t) Type MGA94 z51 MGA94 z51 (m) (m) (m) For personal use only XMGC24012 DD 331305 6599896 -110 -25 4 395.9 253.0 3.00 1.98 7.95 XMGC24012 DD 331305 6599896 -110 -25
Slide 24: Drill hole information summary
Drill hole information summary Hole Easting (m) Northing (m) Elevation Hole Length From Hole ID Dip Azimuth DH Length (m) ETW (m) Au (g/t) Type MGA94 z51 MGA94 z51 (m) (m) (m) For personal use only XMGC24019 DD 331305 6599897 -110 -41 11 377.5 324.3 0.41 0.27 45.45 XMGC24020 DD 331305 6599897 -110 -
Slide 25: Drill hole information summary
Drill hole information summary Hole Easting (m) Northing (m) Elevation Hole Length From Hole ID Dip Azimuth DH Length (m) ETW (m) Au (g/t) Type MGA94 z51 MGA94 z51 (m) (m) (m) For personal use only XMRSD23061 DD 331306 6599895 -110 -18 17 414.1 387.0 1.00 0.66 6.38 XMRSD23061 DD 331306 6599895 -110
Slide 26: JORC Code 2012 Assessment and Reporting Criteria
JORC Code 2012 Assessment and Reporting Criteria (Criteria in Section 1 apply to all succeeding sections) Cowal Section 1 Sampling Techniques and Data Criteria Explanation Commentary For personal use only Sampling • Nature and quality of sampling (e.g. cut channels, random chips, or specific ▪ Sampl
Slide 27: JORC Code 2012 Assessment and Reporting Criteria
JORC Code 2012 Assessment and Reporting Criteria (Criteria in Section 1 apply to all succeeding sections) Cowal Section 1 Sampling Techniques and Data Criteria Explanation Commentary For personal use only Drill sample • Method of recording and assessing core and chip sample recoveries and results ▪
Slide 28: JORC Code 2012 Assessment and Reporting Criteria
JORC Code 2012 Assessment and Reporting Criteria (Criteria in Section 1 apply to all succeeding sections) Cowal Section 1 Sampling Techniques and Data Criteria Explanation Commentary For personal use only Quality of assay • The nature, quality and appropriateness of the assaying and laboratory ▪ A 4
Slide 29: JORC Code 2012 Assessment and Reporting Criteria
JORC Code 2012 Assessment and Reporting Criteria (Criteria in Section 1 apply to all succeeding sections) Cowal Section 1 Sampling Techniques and Data Criteria Explanation Commentary For personal use only Location of data • Accuracy and quality of surveys used to locate drillholes (collar and downho
Slide 30: JORC Code 2012 Assessment and Reporting Criteria
JORC Code 2012 Assessment and Reporting Criteria (Criteria listed in the preceding section also apply to this section) Cowal Section 2 Reporting of Exploration Results Criteria Explanation Commentary For personal use only Mineral • Type, reference name/number, location and ownership including agreem
Slide 31: JORC Code 2012 Assessment and Reporting Criteria
JORC Code 2012 Assessment and Reporting Criteria (Criteria listed in the preceding section also apply to this section) Cowal Section 2 Reporting of Exploration Results Criteria Explanation Commentary For personal use only Drill hole • A summary of all information material to the understanding of the
Slide 32: JORC Code 2012 Assessment and Reporting Criteria
JORC Code 2012 Assessment and Reporting Criteria (Criteria listed in the preceding section also apply to this section) Cowal Section 2 Reporting of Exploration Results Criteria Explanation Commentary For personal use only Diagrams • Appropriate maps and sections (with scales) and tabulations of inte
Slide 33: JORC Code 2012 Assessment and Reporting Criteria
JORC Code 2012 Assessment and Reporting Criteria (Criteria listed in the preceding section also apply to this section) Cowal Section 2 Reporting of Exploration Results Criteria Explanation Commentary For personal use only Balanced • Where comprehensive reporting of all Exploration Results is not pra
Slide 34: Appendix: Mineral Resources and Ore Reserves
Appendix For personal use only Mineral Resources and Ore Reserves
Slide 35: Group gold Mineral Resources at December 2023
Group gold Mineral Resources at 31 December 2023 Gold Measured Indicated Inferred Total Resource Cut-off Tonnes Gold Gold Metal Tonnes Gold Gold Metal Tonnes Gold Gold Metal Tonnes Gold Gold Metal CP9 Project Type (g/t Au) (Mt) Grade (g/t) (koz) (Mt) Grade (g/t) (koz) (Mt) Grade (g/t) (koz) (Mt) Gra
Slide 36: Group gold Ore Reserves at December 2023
Group gold Ore Reserves at 31 December 2023 Gold Proved Probable Total Reserve Competent Cut-off Gold Grade Gold Metal Tonnes Gold Grade Gold Metal Tonnes Gold Grade Gold Metal Person10 Project Type Tonnes (Mt) (g/t Au) (g/t) (koz) (Mt) (g/t) (koz) (Mt) (g/t) (koz) For personal use only Cowal1 Stock
Slide 37: Group copper Mineral Resources at December 2023
Group copper Mineral Resources at 31 December 2023 Copper Measured Indicated Inferred Total Resource Copper CP6 Tonnes Copper Tonnes Copper Copper Tonnes Copper Copper Tonnes Copper Copper Project Type Cut-off Grade For personal use only (Mt) Metal (kt) (Mt) Grade (%) Metal (kt) (Mt) Grade (%) Metal
Slide 38: Group copper Ore Reserves at December 2023
Group copper Ore Reserves at 31 December 2023 Copper Proved Probable Total Reserve CP5 Copper Copper Copper Copper Copper Copper Project Type Cut-Off Tonnes (Mt) Tonnes (Mt) Tonnes (Mt) For personal use only Grade (%) Metal (kt) Grade (%) Metal (kt) Grade (%) Metal (kt) Ernest Henry1 Underground 0.5
Slide 39: For personal use only
For personal use only 39