Slide 1: Evolution Mining Mungari Site Visit
For personal use only Evolution Mining Mungari Site Visit August 2015
Slide 2: Forward looking statement
For personal use only 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”, “expe
Slide 3: Agenda
Agenda For personal use only Welcome Overview of Mungari Gold Operations Mine Geology Underground Open pit Processing Exploration Opportunities Underground at Mungari’s Frog’s Leg operation Note: La Mancha Australia acquisition (announced on 20 April 2015) remains subject to FIRB app
Slide 4: Evolution asset overview
Evolution Cowal Pajingo For personal use only Gold Reserves (Moz)3 1.56 Gold Reserves (Moz)1 0.10 Gold Resources (Moz)3 3.44 Gold Resources (Moz)1 0.82 CY2014A Au Production (Koz) 268 FY2014A Au Production (Koz) 61 CY2015E Au Production (Koz) 230 - 260 Pajingo Mt Carlton FY2015A Au Production (Koz)
Slide 5: Mungari overview
Overview Mungari assets are located 20km directly west of For personal use only Kalgoorlie and consist of: Location 600km east of Perth, Western Australia, Australia Frog’s Leg underground operation White Foil: conventional open-pit Mining method White Foil open-pit operation Frog’s Leg: under
Slide 6: Site layout
Site layout For personal use only Kalgoorlie 20km 6
Slide 7: Mine Geology – Frog's Leg
Mine Geology – Frog’s Leg Frog's Leg is a structurally controlled deposit occurring within a NNW trending shear zone For personal use only associated with the Zuleika Shear Zone Frog’s Leg is a classic lode gold style deposit located on the lithological contact between the Victorious Basalt and
Slide 8: Mine Geology – Frog's Leg: resources open at depth
Mine Geology – Frog’s Leg Resources open at depth in areas For personal use only High-grade plunges Completed Drilling FY15 21,000m Planned Drilling FY16 20,000 -24,000m White Outline Dec 2014 Reserve outline Mist Rocket N Frog’s Leg deposit looking east showing areas of planned and completed dr
Slide 9: Mine Geology – White Foil
Mine Geology – White Foil White Foil is hosted within the upper unit For personal use only Sovereign of a differentiated gabbro sill Picolo Fault White Foil is a structurally controlled sheeted stockwork gold deposit Gold is associated with zones of quartz Main veining and albite-pyrrhotite al
Slide 10: FY15 underground performance
FY15 underground performance For personal use only July 2014 to June 2015 Units Actual UG lateral development - m 1,288 capital UG lateral development - m 2,336 operating Total UG lateral development m 3,624 UG ore mined kt 765 UG grade mined g/t 4.72 Frog’s Leg underground production commenced 20
Slide 11: Underground mining – Frog's Leg layout
Underground mining – Frog’s Leg layout For personal use only Diminishing Diminishing Pillar Pillar Two working areas Geometry variable Geotechnical sequence Mist (north) Above ~7950: wide, multi-lode Above ~7950: extracting legacy Rocket (south) Below ~7950: mostly single lode dimini
Slide 12: Underground – historic production
Underground – historic production use only 140,000 120,000 ounces produced 100,000 personal 80,000 60,000 For Contained 40,000 20,000 - FY2008 FY2009 FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 Note: production is contained ounces 12
Slide 13: FY15 open pit performance
FY15 open pit performance For personal use only July 2014 to June 2015 Units Actual OP capital waste kt 4,664 OP operating waste kt 2,542 OP ore mined kt 834 OP grade mined g/t 1.76 Life of mine strip ratio waste:ore 5.8:1 remaining The White Foil open-pit is located 2km to the west of the Frog’s
Slide 14: Processing plant
Processing plant For personal use only Mungari CIL processing plant July 2014 to June 2015 Units Actual completed May 2014 at a cost of Total tonnes processed kt 1,645 A$110M Grade processed g/t 3.11 Ore from Frog’s Leg and White Foil processed at the purpose built Gold recovery % 93.5 processin
Slide 15: Mungari plant performance
Mungari plant performance use only 160,000 processed per month 140,000 Indicative Nameplate 120,000 personal 100,000 80,000 60,000 ForTonnes 40,000 20,000 - 15
Slide 16: Regional exploration prospectivity
Regional exploration prospectivity Land position in world-class terrane For personal use only Broads consists of 139 leases covering a total Kintore Dam area of 340km² Located between the Zuleika and Kunanalling shear zones with historic production of >10Moz Little Hill Dam Relatively under-ex
Slide 17: Opportunities
Opportunities Improved safety performance through a common vision For personal use only People – a collaborative approach: sharing best practice systems and technical expertise, and “acting like owners” to maximise margins Capitalise on the economies of scale within the Evolution group Techn
Slide 18: Appendix
For personal use only Appendix www.evolutionmining.com.au
Slide 19: Mungari history
Mungari history For personal use only Frog’s Leg 130-160 koz discovery 20 koz 45 koz 60 koz 65 koz 65 koz 100 koz 150 koz forecast 1996 1999 2002-2004 2008 2009 2010 2011 2012 2013 2014 2015 White Foil Limited First gold pour Frog’s Leg Mungari plant Mungari April: Evolution discovery mining of from
Slide 20: Mining equipment
Mining equipment Underground mining equipment Open-pit mining equipment For personal use only Development drills Loading 2 x development jumbos – Sandvik DD421 1 x 250t Hitachi EX2600 1 x 110t Komatsu PC1250 (back-up) Production drills 2 x longhole drills – Sandvik DL421 Hauling 6
Slide 21: Process plant circuit
Process plant circuit For personal use only 21
Slide 22: Process equipment
Process equipment Power For personal use only Western Power - SWIS Crushing Three stage crushing – Primary: Metso 40” Single Toggle Jaw Crusher Secondary: Metso Cone HP 4 – Coarse liners Tertiary: Metso Cone HP 4 – Coarse liners Grinding Polysius overflow Ball mill – 5500 (dia)* 89
Slide 23: Competent person and resource reporting statements
For personal use only The information in this document that relates to Evolution’s Mineral Resources and Ore Reserves is extracted from the ASX report entitled “Annual Mineral Resources and Ore Reserves Statement” created on 14 May 2015 (the “Report”) and is available to view at www.evolutionminin
Slide 24: Evolution Ore Reserves December 2014
Evolution Ore Reserves December 2014 For personal use only Evolution Ore Reserves – December 2014 Gold Proved Probable Total Reserve Gold Gold Gold Gold Gold Gold Cut- Tonnes Tonnes Tonnes Project Type Grade Metal Grade Metal Grade Metal Off (Mt) (Mt) (Mt) (g/t) (koz) (g/t) (koz) (g/t) (koz) Cracow1
Slide 25: Evolution Mineral Resources December 2014
Evolution Mineral Resources December 2014 Evolution Mineral Resources – December 2014 For personal use only Gold Measured Indicated Inferred Total Resource Gold Gold Gold Gold Gold Gold Gold Gold Cut- Tonnes Tonnes Tonnes Tonnes Project Type Grade Metal Grade Metal Grade Metal Grade Metal Off (Mt) (
Slide 26: Cowal Mineral Reserves December 2014
Cowal Mineral Reserves December 2014 Cowal Mineral Reserves – December 2014 For personal use only Proven Probable Total Reserve Cut-off Tonnes Tonnes Tonnes Type Gold Grade Contained Gold Grade Contained Gold Grade Contained (g/t Au) (Mt) (g/t) gold (koz) (Mt) (g/t) gold (koz) (Mt) (g/t) gold (koz)
Slide 27: Cowal Mineral Resources December 2014
Cowal Mineral Resources December 2014 Cowal Mineral Resources – December 2014 at a variable cut-off For personal use only Measured Indicated Inferred Total Resource Type Gold Containe Gold Containe Gold Containe Gold Tonnes Tonnes Tonnes Tonnes Contained Grade d gold Grade d gold Grade d gold Grade
Slide 28: Mungari Ore Reserves and Mineral Resources December 2014
Mungari Ore Reserves and Mineral Resources December 2014 Mungari Ore Reserves – December 2014 For personal use only Proved Probable Total Reserve Project Type Tonnes Gold Grade Gold Metal Tonnes Gold Grade Gold Metal Tonnes Gold Grade Gold Metal (Mt) (g/t) (koz) (Mt) (g/t) (koz) (Mt) (g/t) (koz) Whi
Slide 29: Evolution Mining
For personal use only Evolution Mining ASX Code: EVN www.evolutionmining.com.au