Slide 1: AGM Presentation
For personal use only AGM PRESENTATION 28 NOVEMBER 2019
Slide 2: Forward Looking Statement
FORWARD LOOKING STATEMENT For personal use only 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”, “expect
Slide 3: Clear and Consistent Strategy
CLEAR AND CONSISTENT STRATEGY For personal use only A portfolio of 6 to 8 assets generating superior returns with an average mine life of at least 10 years Open to all Build a quality gold, reputation for silver and Inspired sustainability, copper-gold people reliability and value transparency accre
Slide 4: Sustainability Principles
S U S TAI N AB I L I T Y P R I N C I P L E S The objective of our sustainability efforts is to deliver long-term stakeholder value through safe, low-cost gold production in an For personal use only environmentally and socially responsible manner Be an employer of choice Demonstrate robust risk Contr
Slide 5: Our People
OUR PEOPLE For personal use only Right people, right roles - focus on excellence ▪ Increased role clarity and accountability for our people with our ‘right level’ approach to achieve operational excellence ▪ Delivering a sustainable talent pipeline with annual Graduate and Vacation programs ▪ 50% fe
Slide 6: Snapshot
SNAPSHOT For personal use only ASX code EVN Cumulative Dividends (A$M) and Market capitalisation(1) A$6.6B cents per share declared 9.5 Average daily turnover(2) A$60M 600 10 9 Net cash(3) A$92M 500 7.5 8 Payout of 50% of free 7 New dividend policy 400 cash flow 5 6 300 5 FY20 production guidance(4)
Slide 7: Acquisition of Red Lake Gold Complex
ACQUISITION OF RED LAKE GOLD COMPLEX For personal use only ▪ High grade, long life, underground gold mine in Canada’s most prolific gold district ▪ Under-capitalised asset with significant turnaround opportunity CANADA ▪ Outstanding exploration potential with historical head grades of +20g/t Au ▪ Ti
Slide 8: High-Grade Asset in One of Canada's Most Prolific Gold Districts
HIGH-GRADE ASSET IN ONE OF CANADA’S MOST PROLIFIC GOLD DISTRICTS For personal use only Investment phase required to rejuvenate operations and transform into cornerstone asset ▪ Evolution’s aim is for Red Lake to become a cornerstone asset with annual production in excess of 200koz per annum at an Al
Slide 9: Red Lake Overview
RED LAKE OVERVIEW ▪ Newmont Goldcorp 100% For personal use only Current ownership Location ▪ North western Ontario, Canada Tenement package ▪ ~460km2 Commencement year ▪ Mining operations commenced in 1949 Production ▪ Gold Plant capacity ▪ 1.1Mtpa CY2018A production ▪ 276koz @ US$988/oz and AISC CY
Slide 10: Key Opportunities to Unlock Value
KEY OPPORTUNITIES TO UNLOCK VALUE For personal use only Mining Processing Exploration ▪ Improve drill and blast practices to ▪ Optimise processing plants by ▪ Significant near mine targets increase mining recovery and consolidating processing facilities identified at Red Lake, Campbell and reduce di
Slide 11: Immense Regional Exploration Upside
IMMENSE REGIONAL EXPLORATION UPSIDE For personal use only Historic production of over 25Moz at +20g/t ▪ One of the largest, highest grade gold camps in North America with a 457km2 land package in a highly prospective district ▪ Mineral Resource1: 19.4Mt at 11.2g/t Au for 7.0Moz ▪ Ore Reserve1: 9.2Mt
Slide 12: Strong Balance Sheet Maintained
STRONG BALANCE SHEET MAINTAINED For personal use only ▪ Red Lake transaction funded by new debt tranche Red Lake facility amortisation schedule (A$M) ▪ 5-year term loan of A$600 million ▪ 3-year performance bond facility of C$125 million ▪ Existing facilities renewed for 3-years 120 140 ▪ Revolver f
Slide 13: Diversified Portfolio in Tier 1 Jurisdictions
DIVERSIFIED PORTFOLIO IN TIER 1 JURISDICTIONS Cowal Mungari Mt Carlton Mt Rawdon Cracow Ernest Henry Red Lake3 For personal use only Gold Reserves 3.88 0.63 0.62 0.57 0.19 0.75 Au, 136kt Cu 2.05 (Moz) 1 Gold Resources 7.42 2.51 0.82 1.00 0.45 1.47 Au, 387kt Cu 6.97 (Moz) 1 Reserve Grade 0.85 1.80 4.
Slide 14: Evolution Mining
For personal use only Evolution MIINTINE