Slide 1: Investor Presentation
For personal use only Investor Presentation February 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: Snapshot
Snapshot For personal use only Corporate Information ASX Code EVN Shares 707.1M Last Price 1 $1.90ps Market Capitalisation $1.3B Cash 2 $167.5M Debt 2 $38.5M Forward Sales 2 255,333oz at A$1,573/oz Major Shareholder Newcrest 33% Management Team Executive Chairman Jake Klein CFO Tim Churcher VP Opera
Slide 4: Market Capitalisation ASX-Listed Gold Producers
Market Capitalisation (A$M) For personal use only 500 1,000 1,500 2,000 2,500 - Newcrest 27,662 Source: Factset As at 17 Feb 2012 Alacer 2,565 Regis 1,915 Resolute 1,405 Evolution 1,375 Perseus 1,358 Medusa 1,188 Kingsgate 1,158 St Barbara 820 Silver Lake 817 Gold One 751 Intrepid 736 CGA 735 Oceana
Slide 5: Overview
Overview For personal use only 335 – 375koz forecast FY2012 production1 410 – 465koz forecast FY2013 production 3.5Moz Ore Reserves2 7.1Moz Mineral Resources2 Excellent exploration potential All assets 100% owned Defined growth profile Notes: Calculation of Pajingo and Cracow mine life
Slide 6: Cracow
Cracow For personal use only December quarter total production of 25,724oz (20,492oz attributable) at a C1 Stage Producing cash cost of A$637/oz Mine Type Underground History of reliable production and reserve Minerals Gold and silver replacement Mineralisation type Low-sulphidation epithermal
Slide 7: Cracow Exploration
Cracow Exploration For personal use only History of discovery and consistent resource conversion New discovery along strike from Kilkenny North 2.03m1 grading 7.59g/t Au 11.02m1 grading 6.76g/t Au 1.74m1 grading 5.47g/t Au Fully funded regional exploration program designed to identify tr
Slide 8: Pajingo
Pajingo For personal use only December quarter total production of 26,068oz (21,229oz attributable) at a C1 cash cost of Stage Producing A$535/oz. Lower production expected this quarter Mine Type Open pit and underground Sustainable turnaround underway – target Minerals Gold reliability and cons
Slide 9: Pajingo Exploration
Pajingo Exploration History of high resource to reserve For personal use only conversion Excellent and demonstrable exploration upside New gold zone identified adjacent to Sonia East 4.6m at 44.9g/t gold Moonlight Prospect ; ore grade mineralisation identified along 190m strike length, 1.5
Slide 10: Mt Rawdon
Mt Rawdon December quarter total production of 18,014oz Stage Producing For personal use only (12,367oz attributable) at a C1 cash cost of A$893/oz Mine Type Open pit Minerals Gold and silver Focus on improving mine scheduling Access to higher grade areas from mid-2012 Mineralisation type Volc
Slide 11: Mt Rawdon Exploration
Mt Rawdon Exploration For personal use only Resource definition drilling confirms broad zones of mineralisation in line with expectation: 35.38m1 grading 1.19g/t Au 17.14m1 grading 1.89g/t Au 12.86m1 grading 2.09g/t Au Update of Mineral Resource and Ore Reserve to be completed March quarte
Slide 12: Edna May
Edna May For personal use only December quarter production of 20,006oz of Stage Producing gold at a C1 cash cost of A$814/oz1 Mine Type Open pit Focus on reducing costs including improving Minerals Gold and silver plant availability to achieve steady-state 2.8Mtpa nameplate capacity Reef structu
Slide 13: Edna May Exploration
Edna May Exploration For personal use only Successful resource drilling has increased the underground Mineral Resource by 70% (from 160koz to 270koz Au) Results demonstrate potential for further resource growth at depth and along strike 1.40m grading 34.57g/t Au 1.70m grading 29.45g/t Au 4
Slide 14: Mt Carlton
Mt Carlton For personal use only Mining lease granted Stage Construction Construction commenced and on schedule Mine Type Open pit for commissioning in December quarter 2012 Minerals Gold, silver and copper Concrete foundations poured Mineralisation High-sulphidation epithermal type SAG shel
Slide 15: Mt Carlton Exploration
Mt Carlton Exploration For personal use only A new discovery – discovered in 2006 Mineralisation styles range from porphyry Cu-Mo through to high-sulphidation and low- sulphidation epithermal systems. Mt Carlton represents a significant mineralised system. Major controls to mineralisation are
Slide 16: Peer Group
Peer Group For personal use only Premium rating achievable through: Global Intermediate Gold Companies Production vs Market Capitalisation Delivery to promise 1,200 Quality of production 1,000 IAG Meaningful growth 2013 Forecast Production ('000oz) GOLD POG CG 800 ABG NGD AUQ OSK 600 ASR EVN
Slide 17: Evolution Mining
Evolution Mining 4th largest ASX-listed gold producer For personal use only Proven management team Strong financial position Excellent quarter of operational performance Strong growth being delivered The new, leading Australian mid-tier gold producer
Slide 18: Appendices
For personal use only Appendices
Slide 19: Production Summary – Dec Quarter
Production Summary – Dec Quarter For personal use only Total/ December 2011 Quarter Units Cracow Edna May Mt Rawdon Pajingo Average UG ore mined 000' t 116 - - 92 207 UG mined grade g/t 6.50 - - 8.81 7.52 OP ore mined 000' t - 617 1,194 52 1,863 OP mined grade g/t - 1.13 0.75 3.09 0.94 Total ore pro
Slide 20: Mineral Resources and Ore Reserves
Mineral Resources and Ore Reserves (as at 30 June 2011) For personal use only Measured Indicated Inferred Total Mineral Resource Statement Tonnes Gold Grade Ounces Tonnes Gold Grade Ounces Tonnes Gold Grade Ounces Tonnes Gold Grade Ounces (Mt) (g/t) Au (koz) (Mt) (g/t) Au (koz) (Mt) (g/t) Au (koz) (
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 table below is based on work compiled by the For personal use only person whose name appears in the same row, who is employed on a full-time basis by the emp