Slide 1: Quarterly Results March 2012
For personal use only Quarterly Results March 2012
Slide 2: Disclaimer
Disclaimer For personal use only This presentation has been prepared by Evolution Mining Limited (“Evolution Mining”) and consists of slides for a presentation concerning the company. By reviewing/attending this presentation, you acknowledge and agree the following. This presentation includes fo
Slide 3: March Quarter Highlights
March Quarter Highlights For personal use only Production Total gold production of 84,122oz Average cash cost of A$809/oz In line with guidance Corporate Strong cashflow from operations Cash at bank increased to A$171M Capital expenditure of Corporate A$70M Growth Mt Carlton on schedul
Slide 4: March Quarter Production
March Quarter Production For personal use only March December FY2012 Year Units Quarter 2012 Quarter 2011 to Date Total gold produced oz 84,122 89,812 249,830 Attributable gold produced1 Update oz 84,122 74,095 183,253 Total silver produced oz 89,327 69,511 249,616 Attributable silver produced1 oz 8
Slide 5: Operations
For personal use only Operations
Slide 6: Cracow
Cracow For personal use only Consistent gold production 24,119oz Attributable cash cost of A$707/oz A number of initiatives commenced to improve mine productivity levels 40,000 800 A$707 A$637 30,000 600 Production (oz) Cost A$/oz 26,507oz 25,724oz 24,119oz 20,000 400 10,000 200 0 0 Sep Qtr 20
Slide 7: Pajingo
Pajingo For personal use only 17,588oz of gold at a cash operating cost of A$832/oz Gold production in line with expectations Production for FY2012 now planned to approach 80,000oz - a 174% increase on FY2011 production of 45,889oz 60,000 1,000 Encouraging resource definition drilling at Son
Slide 8: Edna May
Edna May For personal use only 16,312oz of gold at a cash cost of A$988/oz Improvements to plant reliability remains the focus Mine-to-Mill strategies for improving fragmentation are in progress Construction of process water 40,000 A$988 1,000 borefield and pipeline nears A$814 completion (J
Slide 9: Mt Rawdon
Mt Rawdon For personal use only Gold production 26,104oz at a cash cost of A$776/oz Record monthly production of 11,865oz in March Stage 2 cutback has accessed central, higher grade ore sources Production in the June quarter is forecast to increase Mill feed grade is forecast to 40,000 1,0
Slide 10: Mt Carlton
Mt Carlton For personal use only Project is on schedule for commissioning (December quarter 2012) Total Expenditure A$41M (commencement to end of March quarter 2012) Project capital cost is forecast to be A$145M (previously A$127M) – increases due to: Scope changes to reduce operational risk
Slide 11: Exploration
For personal use only Exploration
Slide 12: Cracow Exploration
Cracow Exploration For personal use only Coronation - discovery of new gold shoot confirmed 250m north of mining operations Mineralisation remains open both up and down plunge and along strike Golden Mile South – reconnaissance exploration identified new structures exhibiting prospective epi
Slide 13: Pajingo Exploration
Pajingo Exploration For personal use only Moonlight – additional excellent drill results: 19.35m @ 4.71g/t Au 7.30m @ 5.67g/t Au 14.00m @ 3.22g/t Au Mineralisation remains open along strike to the northwest and southeast Starlight B – successful drill testing of geophysical anomaly 6.0
Slide 14: Exploration
Exploration For personal use only Mt Rawdon Drilling at Mt Shamrock intersected 10.0m at 0.82g/t Au Drilling south of the mine returned low-level anomalous results Edna May Drilling extended strike and dip extent of the Greenfinch gneiss Corporate Resource definition drilling program to comm
Slide 15: Financials
For personal use only Financials
Slide 16: Financials
Financials For personal use only Cash in bank increased by A$3.4M to A$170.9M at 31 March 2012 (A$167.5M at 31 Dec 2011) Attributable gold and silver revenue was A$136.9M during the quarter 83,708oz of gold at an average price of A$1,604/oz was sold and comprised of 78,510oz of gold sold at
Slide 17: Financials
Financials For personal use only Cash movements include: Expenditure of A$40.0M on capital and exploration at existing operations and the acquisition of Pastoral Leases at Pajingo A$30.6M on capital at the Mt Carlton development A$6.1M corporate costs A$5.1M inflow from the exercise of opt
Slide 18: Evolution Mining
Evolution Mining 4th largest ASX listed gold producer For personal use only Proven board and management team Strong balance sheet to fund growth Diverse portfolio of producing assets Investing in efficiency gains across all operations Current growth projects being delivered Early results
Slide 19: Evolution Mining
For personal use only Evolution Mining ASX Code: EVN www.evolutionmining.com.au
Slide 20: Appendix - Production Summary
Appendix - Production Summary Total/ March 2012 Quarter Units Cracow Pajingo Edna May Mt Rawdon Average For personal use only UG ore mined 000' t 103 65 - - 169 UG mined grade g/t 6.92 10.15 - - 8.17 UG development m 1,339 1,154 - - 2,492 OP ore mined 000' t - 26 723 1,016 1,765 OP mined grade g/t -
Slide 21: Competent Person Statement
Competent Person Statement The information in this report that relates to exploration results, Mineral Resources or Ore Reserves listed in the For personal use only table below is based on work compiled by the person whose name appears in the same row, who is employed on a full-time basis by the emp