Slide 1: Quarterly Results September 2015
For personal use only Quarterly Results September 2015
Slide 2: Disclaimer
For personal use only DISCLAIMER Forward looking statements 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”, “
Slide 3: September 2015 quarter highlights
September 2015 quarter highlights Addition of Cowal and Mungari significantly increases production at substantially lower average cost For personal use only Transformational quarter – record quarterly Group gold production of 174,169 ounces (attributable) achieved at an average C1 cash cost of A$6
Slide 4: September quarter summary
September quarter summary For personal use only Dec quarter Mar quarter Jun quarter Sep quarter Units FY15 FY15 FY15 FY16 Gold produced oz 113,280 103,305 113,821 174,169 By-product silver produced oz 122,641 115,832 111,580 170,202 C1 cash cost1 A$/oz 692 736 690 631 All-in sustaining cost2 A$/oz 9
Slide 5: Improved scale and asset quality
Improved scale and asset quality For personal use only September quarter production ounces Group C1 costs, AISC1 & net mine cash flow 500.0 480.0 1,200 460.0 440.0 Cracow 1,024 1,048 420.0 19,090 23,890 990 400.0 380.0 360.0 1,000 Pajingo 340.0 882 320.0 14,290 300.0 280.0 Mt Rawdon 260.0 46,419 800
Slide 6: Operations
For personal use only Operations
Slide 7: Cowal
Cowal Standout performance with For personal use only attributable gold production of 46,419oz (69 days of Evolution ownership) at C1 cash cost of A$415/oz and AISC of A$524/oz Costs substantially lower than planned due: higher than anticipated grade higher recoveries Production drilling at
Slide 8: Mungari
Mungari Gold production of 19,090oz For personal use only attributable (37 days of Evolution ownership) at C1 cash cost of Stage 2B cutback A$690/oz; AISC of A$968/oz Stage 2A working floor Net mine cash flow of A$19.0 million Plant performing at 1.7Mtpa – above nameplate capacity (1.5Mtpa) an
Slide 9: Cracow
Cracow September 2015 quarter gold For personal use only production of 23,890oz at C1 cash cost of A$669/oz and AISC of A$940/oz Continuing to improve on FY15 initiatives around scheduling, dilution management and metallurgical recovery Focus on production drilling to Development drilling at C
Slide 10: Edna May
Edna May September quarter gold production of For personal use only 17,769oz at C1 cash cost of A$1,315/oz; AISC of A$1,328/oz Unit costs increased due to lower production as a result of lower grade Stage 2 Operating costs increased due to classification of stripping activities as operating wa
Slide 11: Pajingo
Pajingo September quarter production of For personal use only 14,290oz at C1 costs of A$941/oz; AISC of A$1,284/oz Higher costs due to the mining of lower grade areas in line with mine plan Net mine cash flow of A$4.7 million Total milling costs decreased through cost reduction initiatives J
Slide 12: Mt Rawdon
Mt Rawdon September quarter production of For personal use only 28,498oz at C1 cash of A$441/oz and AISC of A$700/oz Ongoing improvement initiatives around grinding and cyanide consumption delivered a 6% saving in unit processing costs Unit mining costs reduced to Mt Rawdon open pit October 20
Slide 13: Mt Carlton
Mt Carlton September quarter gold production For personal use only of 24,213oz at C1 cash costs decreased to A$495/oz and AISC of A$807/oz (9% below March quarter) Net mine cash flow of A$22.0 million Stage 1 Mined grade of 7.90g/t Au – Stage 2 significant positive reconciliation Mt Carlton –
Slide 14: Exploration
For personal use only Exploration
Slide 15: Exploration
Exploration Mauretania gold and copper discovery at For personal use only Tennant Creek JV with Emmerson Resources – significant intercepts1,2 returned from maiden drilling program including: 30m at 3.22g/t gold from 57m and 24m at 1.07% copper from 78m (MTRC006) Broad, high-grade intersection
Slide 16: Financials
For personal use only Financials
Slide 17: Financials
Financials Cash generation continues to build EBITDA Margin (%) For personal use only 7% 50% Record quarter mine cash flow of A$105M 3% Immediate impact from Cowal and Mungari 40% All sites net mine cash flow positive Improved margins not all price driven Early repayment of A$77M into de
Slide 18: Summary
Summary For personal use only Record quarterly production at record low costs Record cash flow generation Operational stability and predictability delivered through a portfolio of seven mines Strong financial position – early debt repayment of A$77.0 million Cowal Ore Reserves increased by
Slide 19: Evolution Mining
For personal use only Evolution Mining ASX Code: EVN www.evolutionmining.com.au
Slide 20: September quarter summary
September quarter summary September qtr FY16 Units Cowal Cracow Edna May Mt Carlton Mt Rawdon Mungari Pajingo Group For personal use only UG lateral dev - capital m - 629 - - - 135 649 1,413 UG lateral dev - operating m - 713 - - - 217 559 1,488 Total UG lateral development m - 1,342 - - - 351 1,208
Slide 21: FY16 outlook
FY16 outlook For personal use only All-in Sustaining Gold Production C1 Cash Costs4 Guidance FY16 Cost5 (oz) (A$/oz) (A$/oz) Cracow 85,000 – 95,000 730 – 800 1,080 – 1,150 Pajingo 60,000 – 65,000 810 – 890 1,180 – 1,260 Mt Rawdon 87,500 – 97,500 620 – 680 880 – 940 Edna May 82,500 – 90,000 1,060 – 1
Slide 22: Cowal Mineral Resources & Ore Reserves
Cowal Mineral Resources & Ore Reserves For personal use only Data is reported to significant figures and differences may occur due to rounding Mineral Resources are reported inclusive of Ore Reserves Mineral Resources have been reported above a cut-off grade of 0.40g/t gold and constrained within an
Slide 23: Competent person statement
For personal use only Competent person statement The information in this document that relates to the Cowal Mineral Resources and Mineral Reserves is extracted from the ASX announcement entitled “Resources and Reserves increased at Cowal” released on 26 August 2015. This report is available to view