Slide 1: Mungari site visit
For personal use only Mungari site visit 1 August 2016 Simon Jessop General Manager – Kalgoorlie Operations
Slide 2: Forward looking statements
Forward looking statements These materials prepared by Evolution Mining Limited (or “the Company”) include forward looking statements. Often, but not always, forward For personal use only looking statements can generally be identified by the use of forward looking words such as “may”, “will”, “exp
Slide 3: Agenda
Agenda For personal use only Welcome Evolution and Mungari history Site summary Zero harm Mungari a strategic gold province Overview of Mungari gold operations Mine geology Underground Open-pit Processing Business improvement Discovery Summary
Slide 4: Evolution
Evolution For personal use only 1. FY17F production reflects midpoint of FY17 guidance released to ASX on 28 June 2016 Location bubble size denotes FY16 actual production Mineral Resources are reported inclusive of Ore Reserves Full details of Evolution’s Mineral Resources and Ore Reserves are provi
Slide 5: Mungari history
Mungari history Mungari plant For personal use only Frog’s Leg First gold pour Frog’s Leg Ore discovery from Frog’s Leg Reserve grows to completed underground mine 786koz White Foil Processing via toll open-pit treatment production restarts FY17 150-160koz forecast 1996 1999 2002-2004 2008 2009 2010
Slide 6: Site summary
Site summary Residential workforce For personal use only 600km east of Perth, Western Australia, Location Workforce: ~272 employees and ~75 contractors Australia or 20km West of Kalgoorlie White Foil: conventional open-pit Mine rosters: Mining method Frog’s Leg: underground Minerals Gold Und
Slide 7: Site layout
Site layout For personal use only Kalgoorlie 20km 7
Slide 8: Zero harm
Zero harm Safety TRIFR improved 32.0 – 7.9 For personal use only Total Recordable Injury Frequency Rate (TRIFR) Take 5 and Safety Interactions 40 introduced 35 Vehicle Incident prevention 30 programs 25 20 Health & Wellbeing program 15 OHS & Risk assurance programs 10 5 Safety perception
Slide 9: Mungari – a strategic gold province
Mungari – a strategic gold province Growth For personal use only Significant potential to expand production and extend mine life ~880 km2 land position in a world-class terrane located between the Zuleika and Kunanalling shear zones with historic production of >10Moz gold Potential for the dis
Slide 10: Mungari Regional Mineral Resources
Mungari Regional Mineral Resources For personal use only Mungari video Evolution’s first gold bar at Mungari – August 2015 10
Slide 11: Mungari performance and outlook
Mungari performance and outlook FY16 performance For personal use only Gold production of 137,193 ounces (from ~10 months of ownership) AISC1 of A$1,024 per ounce Net mine cash flow of A$84 million FY17 guidance Gold production of 150,000 – 160,000 ounces AISC of A$970 – A$1,030 per ounce
Slide 12: Mine geology
Mine geology Frog’s Leg is a classic quartz vein hosted deposit located on For personal use only the lithological contact between the Victorious Basalt and the Black Flag Volcanics Mineralised widths range from 0.2m up to 20m (in the central flexure zone) Mineral Resource is open down-plunge a
Slide 13: Frog's Leg extensions
Frog’s Leg extensions Dedicated drill platforms For personal use only exist for both the Rocket and Mist lodes Extensions and/or additional drill platforms are being evaluated to extend coverage further down plunge in FY17 ~17km of in-mine underground resource definition drilling is scheduled
Slide 14: White Foil extensions
White Foil extensions White Foil Open-Pit For personal use only High-grade shoot defined under Stage 2A and outside the A$1,800/oz pit shell Will form part of the Underground Xx L scoping study review YY L Geotechnical work assessing the potential for wall steepening is ZZ L underway AA L Whit
Slide 15: Resource definition - FY17
Resource definition - FY17 Extensive regional portfolio of advanced targets and For personal use only reported Mineral Resources Acquired Phoenix Gold Mineral Resources to be reviewed and optimised using current Evolution practices Priority Mineral Resources and prospects to be evaluated for i
Slide 16: FY16 underground performance
FY16 underground performance For personal use only 25 August 2015 to 30 June 2016 Units Actual UG lateral development - capital kt 1,157 UG lateral development - operating kt 1,629 Total UG lateral development kt 2,785 UG ore mined kt 563 UG grade mined g/t 5.89 Frog’s Leg underground production c
Slide 17: FY16 open-pit performance
FY16 open-pit performance For personal use only 25 August 2015 to 30 June 2016 Units Actual OP capital waste kt 825 OP operating waste kt 6,644 OP ore mined kt 1,121 OP grade mined g/t 1.47 Life of mine strip ratio remaining Waste:ore 5.9:1 The White Foil open-pit is located 2km to the west of the
Slide 18: White Foil material movement
White Foil material movement For personal use only 18
Slide 19: FY16 plant performance
FY16 plant performance For personal use only Mungari CIL processing plant 25 August 2015 to 30 June 2016 Units Actual completed May 2014 at a cost of Total tonnes processed kt 1,441 A$110M Grade processed g/t 3.16 Ore from Frog’s Leg and White Foil Gold recovery % 93.7 processed at the purpose b
Slide 20: Business improvement
Business improvement Workforce restructure – site leadership team For personal use only management roles brought back to site Underground drill platforms aggressively developed for Mineral Resource and Ore Reserve growth Seismicity management – increased ground support to reduce rehabilitation
Slide 21: Discovery opportunities
For personal use only Discovery opportunities
Slide 22: Mungari Regional Mineral Resources
Mungari Regional Mineral Resources Mungari Regional Mineral Resources 2.7Moz gold1 – For personal use only open-pit Mineral Resources to be constrained within an A$1,800/oz shell2 Tenement package increased to ~880km2 (from Zuleika North ~350km2) post Phoenix Gold acquisition (49koz) Ora Banda (
Slide 23: Exploration strategy
Exploration strategy For personal use only Seismic Data Integration Historic drilling, geology, geochemistry High-resolution geophysics (magnetics, gravity, seismic) Alteration and regolith mapping 4D studies Integrate all data in three dimensions and factor in timing relationships Imp
Slide 24: Mungari – unlocking the Zuleika
Mungari – unlocking the Zuleika For personal use only NE Using advanced exploration targeting tools eg close spaced ground gravity and high- resolution seismic surveys Framework RC drilling over the most perspective area: fast, efficient testing of large areas Numerous targets identified in th
Slide 25: Long-term outlook
Long-term outlook Mungari Ore Reserve 665koz1 For personal use only Current mine life extends to FY22 which includes: Frog’s Leg (underground) Ore Reserve White Foil (open-pit) Ore Reserve Potential near term extensions: Frog’s Leg, White Foil, Cutters Ridge (open-pit), Red Dam (open-pit
Slide 26: Summary - unlocking the potential
Summary - unlocking the potential Aspiring to develop a 10-year mine life based For personal use only on tenement package, regional resources and key strategic infrastructure Mungari process plant – a strategic asset in the Kundana area Focus on developing a pipeline by unlocking the large reg
Slide 27: Appendices
For personal use only Appendices
Slide 28: Site leadership team
Site leadership team For personal use only GENERAL MANAGER Simon Jessop PA to GM/ ADMIN SUPERVISOR Marcia Bryce REGIONAL OPERATIONS COMMERCIAL MANAGER – GEOLOGY DEVLEOPMENT DEVELOPMENT HSEC MANAGER EXPLORATION MANAGER MANAGER PEOPLE & CULTURE MANAGER PROJECT MANAGER Scott Young MANAGER Arno Dippenaa
Slide 29: Process plant circuit
Process plant circuit For personal use only 29
Slide 30: Process equipment
Process equipment Power Gravity Circuit For personal use only Western Power – grid supply Knelson concentrator – 30” 40-60% of gold recovered via gravity Crushing Leaching Three stage crushing Primary: Metso 40” Single Toggle Jaw CIL circuit Crusher 2 x 1,140m3 leaching tank
Slide 31: 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 Hauling 2 x longhole drills – Sandvik DL421 5
Slide 32: Mungari Mineral Resources
Mungari Mineral Resources For personal use only Mungari Mineral Resources - December 20151 Measured Indicated Inferred Total Resource Tonnes Tonnes Tonnes Tonnes Cont. Cont. Cont. Cont. Mineral Resource Grade Au Grade Au Grade Au Grade Au Metal Au Metal Au Metal Au Metal Au (Mt) (g/t) (Mt) (g/t) (Mt
Slide 33: Mungari Regional Mineral Resources
Mungari Regional Mineral Resources Mungari Regional Resources – December 20151 For personal use only Measured Indicated Inferred Total Resource Gold Tonnes Gold Grade Gold Metal Tonnes Gold Metal Tonnes Gold Grade Gold Metal Tonnes Gold Grade Gold Metal Project Prospect Cut-Off Grade (Mt) (g/t) (koz
Slide 34: Evolution Mineral Resources December 2015
Evolution Mineral Resources December 2015 Gold Measured Indicated Inferred Total Resource For personal use only Competent Person Gold Grade Gold Metal Gold Grade Gold Metal Gold Grade Gold Metal Gold Grade Gold Metal Project Type Cut-Off Tonnes (Mt) Tonnes (Mt) Tonnes (Mt) Tonnes (Mt) (g/t) (koz) (g
Slide 35: Evolution Ore Reserves December 2015
Evolution Ore Reserves December 2015 Gold Proved Probable Total Reserve For personal use only Competent Cut- Tonnes Gold Grade Gold Metal Gold Grade Gold Metal Tonnes Gold Grade Gold Metal Person Project Type Tonnes (Mt) Off (Mt) (g/t) (koz) (g/t) (koz) (Mt) (g/t) (koz) Cowal1 Open pit 0.40 39.93 0.
Slide 36: ASX code: EVN
For personal use only ASX code: EVN www.evolutionmining.com.au