Slide 1: Evolution Mining Cowal Site Visit
For personal use only Evolution Mining Cowal Site Visit 8 September 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 0930 Welcome and site induction (morning tea provided) 1000 Presentations 1200 Lunch (BBQ) 1230 Site tour – pit lookout, infrastructure, processing plant 1430 Site visit wrap-up 1500 Transport to West Wyalong airport 3
Slide 4: Evolution overview
Evolution overview Cowal Pajingo For personal use only Gold Reserves (Moz)3 2.18 Gold Reserves (Moz)1 0.10 Gold Resources (Moz)3 5.09 Gold Resources (Moz)1 0.82 CY2014A Au Production (Koz) 275 FY2014A Au Production (Koz) 61 FY2015E Au Production (Koz) 230 - 260 Pajingo Mt Carlton FY2015A Au Producti
Slide 5: Cowal highlights
Cowal highlights For personal use only One of the most attractive gold assets in Australia Cowal is a low cost operation with an annual AISC around A$900/oz Large scale production averaging around 250 koz per annum Significant potential for mine life extension via satellite pits and regional e
Slide 6: Overview
Overview For personal use only Residential workforce Approximately 40 km north-east of Location West Wyalong in New South Wales, Workforce: 286 employees and 55 contractors Australia Mining commenced 2005 and processing in 2006 Mining method Conventional open pit Owner-miner Minerals Gold
Slide 7: Location
Location For personal use only Cowal Kalgoorlie 20km 7
Slide 8: ML 1535
For personal use only ML 1535 8
Slide 9: Cowal Mineral Resources - December 2014
Cowal Mineral Resources - Dec 2014 For personal use only Cowal Mineral Resources - December 2014 Measured Indicated Inferred Total Resource Mineral Cont. Cont. Cont. Cont. Resource Tonnes Grade Tonnes Grade Tonnes Grade Tonnes Grade Metal Metal Au Metal Au Metal Au (Mt) Au (g/t) (Mt) Au (g/t) (Mt) A
Slide 10: Cowal Ore Reserves - December 2014
Cowal Ore Reserves - Dec 2014 For personal use only Cowal Ore Reserves - December 2014 Proved Probable Total Reserve Cut-off Cont. Cont. Cont. Ore Reserve Tonnes Grade Au Tonnes Grade Au Tonnes Grade Au (g/t Au) Metal Au Metal Au Metal (Mt) (g/t) (Mt) (g/t) (Mt) (g/t) (koz) (koz) Au (koz) E42 oxide
Slide 11: Mining
Mining Mining commenced in 2005 For personal use only Units FY15A FY16F LOM Mining method: OP capital waste Mt - - - Drill & blast, load & haul OP operating Mt 10.5 3.8 8.7 Batter height: 18 m, waste berm width: 9 m OP ore mined Mt 11.3 8.1 34.0 Batter face angle: 80˚ OP grade mined g/t 1.
Slide 12: Material movement
For personal use only Material movement 12
Slide 13: Processing plant
Processing plant For personal use only Units FY15A FY16F1 LOM2 Total tonnes Mt 7.2 7.2 72.6 processed Grade processed g/t 1.45 1.31 0.93 Gold recovery % 81.5 81.0 80.0 Gold produced koz 275 245 1,740 1. Full 12 months. Evolution completed Cowal acquisition on 24 July 2015. Production forecast of 245
Slide 14: Cowal historic plant performance
Cowal historic plant performance For personal use only Mt 298 koz 297 269 268 267 240 233 191 7.2 7.4 7.2 7.3 7.4 7.0 7.0 6.6 116 3.6 2006 2007 2008 2009 2010 2011 2012 2013 2014 Tonnes Gold recovered *All years are calendar years 14
Slide 15: Near-mine exploration potential
Near-mine exploration potential For personal use only Cowal 3D Model Grade Shells > 0.5g/t Au 15
Slide 16: Regional exploration prospectivity
Regional exploration prospectivity For personal use only 16
Slide 17: EL 7750 and EL 1590 prospects
EL 7750 and EL 1590 prospects For personal use only Multiple high potential porphyry copper/gold targets within Cowal’s lease Cowal Central has both porphyry Cu/Au and structurally hosted Au targets immediately south of North Cowal and east of E46 East South Cowal has both porphyry Cu/Au and s
Slide 18: Land tenure
Land tenure For personal use only Evolution Mining Ltd (Evolution) (Evolution) (Evolution) 18
Slide 19: Community relations
Community relations Modification proposal & general sensitivity to mining Stakeholder Perceptions Survey undertaken during 2011 For personal use only operations − The survey found local stakeholders hold a positive view − Barrick submitted a proposal (Modification 11) to the of Cowal as a member
Slide 20: Environment
Environment For personal use only Lake Cowal overview Annual audit and compliance checks Cowal has approximately 25 documented environmental NSW’s largest ephemeral lake management plans to meet environmental regulatory requirements − Lake currently empty − On Australia’s register of national es
Slide 21: Opportunities
Opportunities Ore reserve increase For personal use only Increase ore reserve BFA from 80˚ to 90˚ Adding E41 and E46 to ore reserves Further studies to assess potential E42 pit expansion Improved grade estimation Near mine exploration Regional exploration Cost reductions Optimisati
Slide 22: Appendix
For personal use only Appendix www.evolutionmining.com.au
Slide 23: Cowal history
Cowal history For personal use only Gold first NSW government Cowal Gold Poject is Construction Cowal Gold Operation is discovered in West issues sold to Homestake commences on granted extension of mine Wyalong area Development Mining Cowal Gold life through to 2024 Consent conditions Project for th
Slide 24: Mining equipment
Mining equipment Load and haul equipment For personal use only − 2 x Liebherr 994B hydraulic excavators − 1 x Hitachi 36500 excavator − 11 x Cat 789C dump trucks − 3 x Cat 789B dump trucks − 3 x Cat 785B dump trucks Primary ancillary equipment − 2 x Cat 992G loaders − 3 x Cat D10T dozers (1x ren
Slide 25: Process plant circuit
Process plant circuit For personal use only
Slide 26: Processing operations
Processing operations 7.5 Mtpa1 processing facility designed to process sulphide and oxide ore separately For personal use only Oxide ore processing: − Single stage gyratory crushing; grinding via 36’ SAG mill − Leach feed thickening and cyanide leaching − Destruction of cyanide using SMBS or Ca
Slide 27: For personal use only
For personal use only The information in this document that relates to Evolution’s Cracow, Edna May, Mt Rawdon, Mt Carlton and Pajingo Mineral Resources and Ore Reserves is extracted from the ASX announcement entitled “Annual Mineral Resources and Ore Reserves Statement” created on 14 May 2015 (th
Slide 28: Evolution Mineral Resources December 2014
Evolution Mineral Resources December 2014 Evolution Mineral Resources – December 2014 Gold Measured Indicated Inferred Total Resource For personal use only Gold Gold Gold Gold Gold Gold Gold Gold Tonnes Tonnes Tonnes Tonnes Project Type Cut-Off Grade Metal Grade Metal Grade Metal Grade Metal (Mt) (M
Slide 29: 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 Tonnes Tonnes Tonnes Project Type Cut-Off Grade Metal Grade Metal Grade Metal (Mt) (Mt) (Mt) (g/t) (koz) (g/t) (koz) (g/t) (koz) Cowal1 O
Slide 30: Evolution Mining
For personal use only Evolution Mining ASX Code: EVN www.evolutionmining.com.au