Slide 1: Cracow
For personal use only Cracow May 2013 Simon Jessop General Manager
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: Location
For personal use only Location 3
Slide 4: Site Layout
Site Layout For personal use only Site Layout 3
Slide 5: Cracow
Cracow For personal use only Consistent production since 2004 Mine Type Underground Workforce: approximately 300 including Minerals Gold and silver contractors Roster: Evolution employees 8 days on, 6 off; Mineralisation Low-sulphidation type epithermal 7 nights on 7 off; fly in, fly out Min
Slide 6: History of consistent production
History of consistent production For personal use only Gold Produced (oz) 140,000 120,000 Guidance FY2013 100,000 90,000 - 100,000 Ounces Au (oz) 80,000 60,000 40,000 20,000 0 FY2005 FY2006 FY2007 FY2008 FY2009 FY2010 FY2011 FY2012 FY2013 6
Slide 7: Safety, Environment and Community
For personal use only Safety, Environment and Community
Slide 8: Cracow
Cracow For personal use only • LTIFR reduced to 4.1 (5.8) Safety • Focus on safety and training • Safety leadership programme • Environmental impact monitoring • Life of Mine TSF strategy Environment • Surface water management • Community support programmes Community • Indigenous training and schola
Slide 9: Exploration
For personal use only Exploration
Slide 10: Local geology and history
Local geology and history Site Layout LEGEND For personal use only Golden West Gabbro Back Creek Group ROSES PRIDE Andesitic lava Rhyolite dykes Lease boundary Empire Sterling 2002 WHITE Quartz vein lode 2002 HOPE Sovereign 38,000oz SOVEREIGN SHOOT 2001 GOLDEN Inferred Resource White Hope PLATEAU 17
Slide 11: Exploration
Exploration Exploration objectives and strategy For personal use only Transformational discovery Sustaining growth Quality lower cost ounces Regional setting Prospective land holding Bowen Basin Margin 555km2 lease holding Proven endowment >2Moz system Open along strike, southern
Slide 12: Exploration highlights FY13
Exploration highlights FY13 For personal use only Coronation converted to Inferred Resource Griffin mineralisation discovered: open at depth and along strike to south Denmead Structure identified – east-west structure between Coronation and Sovereign Porphyry in southern field – anomalous co
Slide 13: Exploration FY13
Exploration FY13 For personal use only Gradient Array and dipole-dipole completed over Myles Corridor Definition drilling to Inferred for Coronation and Inferred/Indicated for Griffin Diamond drill testing of targets Phoenix South, Sterling, Sterling North, Royal South, Denmead, Fordee South a
Slide 14: Near mine exploration
Near mine exploration LEGEND For personal use only Gabbro Back Creek Group Andesitic lava Rhyolite dykes Sterling Lease boundary Denmead Quartz vein lode Coronation Griffin Phoenix/ Crown Rainbow Phoenix South 1km 14
Slide 15: Resources and Reserves
For personal use only Resources and Reserves
Slide 16: Resource update
Resource update 73koz increase in Resources compared to June 2012 For personal use only Notes: Data is reported to significant figures and differences may occur due to rounding Mineral Resources are inclusive of Ore Reserves Cracow Mineral Resources have been reported above a cut-off grade of 2.3
Slide 17: Reserve update
Reserve update 31koz increase in Reserves compared to June 2012 For personal use only Notes: Data is reported to significant figures and differences may occur due to rounding Ore Reserves are reported above a 3.6 g/t gold cut-off Ore Reserves are calculated using a A$1,350/oz gold price and a gold
Slide 18: Replacing mining depletion
Replacing mining depletion Produced 0.9Moz Au to 31 March 2013 For personal use only Note: Cracow production commenced in late 2004 18
Slide 19: Mining
For personal use only Mining
Slide 20: Mine performance FY13
Mine performance FY13 For personal use only July 2012 to March 2013 Units Cracow Costs composition UG lateral development - capital m 3,422 UG development - operating m 2,590 Total UG lateral development m 6,012 16% 21% UG ore mined kt 371 7% UG grade mined g/t 6.84 2% 6% Total ore mined kt 371 Tota
Slide 21: Current development section
Current development section For personal use only 21
Slide 22: Improvements under Evolution
Improvements under Evolution Current investment in underground development to provide production flexibility For personal use only and ensure long term predictability Changing to owner mining 1 July 2013 – cost benefit of about A$50/oz expected New equipment – improved efficiency Two new Atl
Slide 23: Achievements
Achievements Development and Production For personal use only both increased Longer development rounds standardised In-cycle fibrecrete standardised Split firing of ore drives Successful high grade remnant pillar recovery Pillar recovery aided by introduction of remote longhole drilling
Slide 24: Cost management
Cost management Roses Pride and Empire ladderways to be installed in return air rises For personal use only Design 380m vertical ladder system for Empire Reinstate VR3 ladders and decommission VR2 winder Redesign Lower Tipperary Stoping blocks Historically stripped development to full ore
Slide 25: Lower Tipperary stoping
Lower Tipperary stoping For personal use only 25
Slide 26: Roses Pride raise
For personal use only Roses Pride raise 26
Slide 27: Empire raise
For personal use only Empire raise 27
Slide 28: Processing
For personal use only Processing
Slide 29: Historical plant performance
Historical plant performance For personal use only Dry Tonnes Milled 600,000 500,000 400,000 Tonnes 300,000 200,000 100,000 0 8 months only FY2005 FY2006 FY2007 FY2008 FY2009 FY2010 FY2011 FY2012 29
Slide 30: Historical plant performance
Historical plant performance For personal use only Head Grade v Recovery 12.00 100 11.53 11.13 10.00 9.68 98 8.65 8.00 96 % Recovery 7.58 Grade (g/t) 7.23 6.86 6.47 6.00 94.6 94 93.9 93.5 4.00 92.4 92.2 92 92.0 92.0 2.00 90 89.7 0.00 88 FY2005 FY2006 FY2007 FY2008 FY2009 FY2010 FY2011 FY2012 Recover
Slide 31: Processing performance FY13
Processing performance FY13 For personal use only July 12 to March 13 Cracow Plant throughput 380kt Plant availability 96.2% Throughput rate 60tph Grade 6.88g/t Gold recovery 93.5% Gold produced 78,896oz Silver produced 63,973oz 31
Slide 32: Processing improvements
Processing improvements For personal use only Modification to carbon management Costs composition - reduced gold losses Additional gold recovered 6% ~$500k/yr 10% Convert grinding media back to high 26% chrome media 4% 2% Reduced cost ~$300k/yr 3% Reduced reagent consumption 15% Modified
Slide 33: Future
For personal use only Future
Slide 34: Continued Reliable and Sustainable Production
Continued Reliable and Sustainable Production For personal use only Building Upon Strong mature operation - strong base Re-energised and motivated team with Evolution Reliable, well engineered and operated mine Consistent 100kozpa production Future Opportunities Owner Miner transition to r
Slide 35: Competent Person Statement
Competent Person Statement For personal use only The information in this presentation that relates to exploration results, Mineral Resources or Ore Reserves listed in the 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 t