Evolution Mining Limited · ASX:EVN

Evolution Mining — Diggers and Dealers 2022

17 slides from Evolution Mining's conference presentation, Aug 1, 2022

  1. Slide 1: Diggers and Dealers 2022

    For personal use only Diggers and Dealers 2022 Inspired people creating a premier global gold company

  2. 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

  3. Slide 3: Inflation rates and central bank total assets

    » UNITED STATES INFLATION RATE (YOY)* AUSTRALIA INFLATION RATE (YOY) — 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Bank of Japan Total Assets ——-ECB Total Assets Federal Reserve Total Assets

  4. Slide 4: The Changing Gold Investor Landscape

    THE CHANGING GOLD INVESTOR LANDSCAPE For personal use only Growth of Passive Funds – Last 10 Years Retail investors index fund holdings now exceed their holdings in actively managed funds US$8.3T US$5.5T US$8.5T US$1.9T 10 years ago Today Passive Active Source: Morningstar, Federal Reserve Note fund

  5. Slide 5: Evolution Snapshot

    EVOLUTION SNAPSHOT For personal use only MARKET CAPITALISATION 1 $4.8B MINERAL RESOURCES 2 30Moz gold, 1.7Mt copper Red Lake ORE RESERVES 2 10.3Moz gold, 640kt copper FY23 PRODUCTION 720koz +/- 5% GUIDANCE FY23 AISC GUIDANCE 3 $1,240/oz +/- 5% 18 consecutive dividends DIVIDENDS paid totalling $1 bil

  6. Slide 6: Sustainability

    SUSTAINABILITY  Shared value of health and safety For personal use only  Safeguard our social licence to operate  Committed to our ‘Net Zero’ target and supporting our local communities:  Convert Mt Rawdon open pit into a 1-2GW Pumped Hydro generator  Feasibility Study to be completed in FY23 

  7. Slide 7: Ernest Henry – Material Increase in Mineral Resources

    ERNEST HENRY – MATERIAL INCREASE IN MINERAL RESOURCES For personal use only  $1.9B total cost to acquire the asset  Returned over $1.5B of net mine cash flow  Gold equivalent production ~350,000 ounces per annum1  Mineral Resource2 updated with ~30km of new drilling  28% increase in Copper to 1

  8. Slide 8: Red Lake Transformation

    RED LAKE TRANSFORMATION UG development (m) 3,803 3,919 3,834  Significant Mineral Resource of 12 million ounces For personal use only 3,132  Campbell and Red Lake plants at record throughput rates  An expanded Bateman plant increases overall processing capacity Lateral development (m) 1,200m/mth

  9. Slide 9: Cowal

    COWAL Underground mine design  Acquired for A$694M1 in 2015 For personal use only  Returned $841M in net mine cash flow  Mine life extended from 2024 to 2040  $380M new underground mine on schedule and budget FY23 Stopes  All material contracts now awarded FY24 Stopes FY25+ Stopes Development 

  10. Slide 10: Mungari

    MUNGARI  District now consolidated for the first time For personal use only  Kundana assets delivering higher grade ore  Integration into “One Mungari” providing operational flexibility  Plant expansion a logical and value accretive growth option  Remain committed to complete Feasibility Study

  11. Slide 11: Discovery – FY23 Exploration Budget $62M

    DISCOVERY FY23 EXPLORATION BUDGET $62M Mineral Resource growth since inception For personal use only COST OF ADDING (Moz)1 MINERAL RESOURCES $35-40/oz 29.6 26.4 14.0 14.2 14.2 14.7 15.2 6.8 5.4 5.0 Dec Dec Dec Dec Dec Dec Dec Dec Dec Dec 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Ore Reserve

  12. Slide 12: Takeaways

    TAKEAWAYS For personal use only OUR PEOPLE ARE OUR MOST IMPORTANT ASSET REMAINING ONE OF THE LOWEST COST GLOBAL GOLD PRODUCERS PRUDENT AND GATED CAPITAL SPEND – FOCUSED ON MARGIN STRONG BALANCE SHEET 12

  13. Slide 13: Appendix

    For personal use only Appendix 13

  14. Slide 14: Evolution Dec 2021 Gold Mineral Resources

    EVOLUTION 31 DEC 2021 GOLD MINERAL RESOURCES ( W I T H E R N E S T H E N R Y 3 0 J U N E 2 0 2 2 M I N E R A L R E S O U R C E U P D AT E ) Gold Measured Indicated Inferred Total Resource For personal use only Gold Gold Gold Gold Gold Gold Gold Gold CP Tonnes Tonnes Tonnes Tonnes Project Type Cut-Of

  15. Slide 15: Evolution Dec 2021 Gold Ore Reserves

    EVOLUTION 31 DEC 2021 GOLD ORE RESERVES For personal use only Gold Proved Probable Total Reserve Competent Tonnes Gold Gold Metal Tonnes Gold Grade Gold Metal Tonnes Gold Gold Metal Person6 Project Type Cut-Off (Mt) Grade (g/t) (koz) (Mt) (g/t) (koz) (Mt) Grade (g/t) (koz) Cowal1 Open pit 0.45 23.9

  16. Slide 16: Evolution Dec 2021 Copper Resources & Reserves

    EVOLUTION 31 DEC 2021 COPPER RESOURCES & RESERVES ( W I T H E R N E S T H E N R Y 3 1 J U N E 2 0 2 2 M I N E R A L R E S O U R C E U P D AT E ) For personal use only Group Copper Mineral Resource Statement Copper Measured Indicated Inferred Total Resource Copper Copper Copper Copper CP1 Tonnes Copp

  17. Slide 17: Evolution Mining

    For personal use only Evolution MINING

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