Slide 1: June 2020 Quarterly Results
For personal use only June 2020 Quarterly Results
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 For personal use only forward looking words such as “may”, “will”, “expect
Slide 3: Record June 2020 Quarter
RECORD JUNE 2020 QUARTER For personal use only Mine operating Net mine Free Cash at Record cash flow cash flow cash flow bank cash flow 39% QoQ1 41% to A$225M 69% to A$188M by A$205M to A$352M Cowal Maiden Underground Ore Reserve 804koz2 Supports accelerated Stage 1 Underground mine development Unde
Slide 4: FY20 Highlights
FY20 HIGHLIGHTS Group safety performance (TRIF) 9.3 8.4 For personal use only 7.2 6.8 Mine operating 45% YoY1 cash flow to A$1,121M FY20 Q1 FY20 Q2 FY20 Q3 FY20 Q4 Net mine Group production (koz) cash flow 48% to A$736M 192.0 218.1 170.9 165.5 Free cash flow 86% to A$542M FY20 Q1 FY20 Q2 FY20 Q3 FY2
Slide 5: Continued Execution of Portfolio Upgrade Strategy in FY20
CONTINUED EXECUTION OF PORTFOLIO UPGRADE STRATEGY IN FY20 For personal use only Acquisition of high-grade, long-life Red Lake gold mine in Ontario, Canada Cowal Underground Maiden Ore Reserve of 804koz and Mineral Resource increased to 2.9Moz Divestment of short life Cracow gold mine in Queensland E
Slide 6: June 2020 Operations Summary
JUNE 2020 OPERATIONS SUMMARY For personal use only Safety Mine June 2020 Production AISC Operating Net Mine Cash ◼ Proactive reporting culture Quarter (koz) (A$/oz) Cash Flow Flow (A$M) (A$M) ◼ Less people hurt ◼ Pre-emptive COVID-19 Cowal 60.6 941 117.4 59.3 management Ernest Henry 28.2 (617) 71.3
Slide 7: Cowal Underground Ore Reserve
COWAL UNDERGROUND ORE RESERVE For personal use only ◼ Maiden Underground Ore Reserve of 804koz ◼ Mineral Resources increased to 2.9Moz ◼ Stage 1 underground mine development accelerated ◼ Annual underground mining rates expected to be between 1.5 – 2.0Mtpa ◼ Application for regulatory approval to be
Slide 8: Red Lake: Transformation ahead of schedule
RED LAKE For personal use only Transformation ahead of schedule ◼ June 2020 quarter production of 27koz at an AISC of A$1,943 per ounce (beat production and cost guidance) ◼ Workforce reduced by ~20% since 2019 to 740 people ◼ Over 1,000m of underground development achieved in both May and June ◼ Ca
Slide 9: Exploration Highlights
EXPLORATION HIGHLIGHTS For personal use only Best intersections Red Lake extensional drilling at Cochenour 6.09m (4.67m etw) grading 18.86g/t Au which confirmed extension of the Gold Eagle Corridor along strike to the north Cowal underground infill drilling 94m (75.2m etw) grading 5.0g/t Au and 33m
Slide 10: Financials
FY20 AISC (A$/oz) FINANCIALS For personal use only ◼ Globally competitive AISC of A$1,043/oz (US$700/oz) 1,943 1,008 1,043 1 ◼ Australian operations at top end of guidance Australian operations Red Lake Group ◼ Red Lake below bottom end of guidance ◼ All sites cash positive after capital investments
Slide 11: Summary
SUMMARY For personal use only Record cash generation Cowal underground development accelerated Red Lake transformation ahead of schedule 11
Slide 12: Appendix
For personal use only APPENDIX
Slide 13: June Quarter Production Summary
JUNE QUARTER PRODUCTION SUMMARY June 2020 quarter Units Cowal Mungari Mt Carlton Mt Rawdon Cracow Ernest Henry Red Lake Group For personal use only UG lat dev - capital m 0 219 142 0 489 514 2,136 3,499 UG lat dev - operating m 0 176 537 0 580 1,472 787 3,551 Total UG lateral development m 0 395 679
Slide 14: FY2020 Production Summary
FY2020 PRODUCTION SUMMARY FY20 YTD Units Cowal Mungari Mt Carlton Mt Rawdon Cracow Ernest Henry Group (ex Red Lake) Red Lake Group For personal use only UG lat dev - capital m 1,935 515 1,530 0 1,810 1,025 6,815 2,136 8,950 UG lat dev - operating m 0 964 1,024 0 2,429 6,702 11,120 787 11,906 Total U
Slide 15: Evolution Group Gold Mineral Resources (excluding Red Lake)
EVO L U T ION 2 0 1 9 G R O U P G O L D M IN ER A L R ESO U R C ES ( EXC L U D IN G R ED L A K E) U PD AT ED W IT H A PR IL 2 0 2 0 C O WAL M IN ER A L R ESO U R C ES For personal use only Gold Measured Indicated Inferred Total Resource Gold Gold Gold Gold Gold Gold Gold Gold Competent Tonnes Tonnes
Slide 16: Evolution Group Gold Ore Reserves (excluding Red Lake)
EVO L U T ION 2 0 1 9 G R O U P G O L D O R E R ESERVES ( EXC L U D IN G R ED L A K E) U PD AT ED W IT H A PR IL 2 0 2 0 C O WA L O R E R ESERVES For personal use only Gold Proved Probable Total Reserve Competent Tonnes Gold Gold Metal Tonnes Gold Grade Gold Metal Tonnes Gold Gold Metal Person Proje
Slide 17: Evolution Copper Mineral Resources and Ore Reserves
EVO L U T ION 2 0 1 9 C O PPER M IN ER A L R ESO U R C ES A N D O R E R ESERVES For personal use only Copper Measured Indicated Inferred Total Resource Copper Copper Copper Copper Copper Copper Copper Competent Tonnes Tonnes Copper Tonnes Tonnes Person Project Type Cut-Off Grade Metal Metal Grade Me