Slide 1: Quarterly Results June 2012
For personal use only Quarterly Results June 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: June Quarter Highlights
June Quarter Highlights For personal use only Production Record quarterly production of 97,149oz at a cash cost of A$762/oz Mt Rawdon all-time record of 32,734oz, up 25.4% on March quarter Full year production of 346,979oz (280,401oz attributable) - meeting guidance Outstanding FY2012 produc
Slide 4: June Quarter Production
June Quarter Production For personal use only Units June March December September FY2012 Quarter 2012 Quarter 2012 Quarter 2011 Quarter 2011 Total gold oz produced 97,149 84,122 89,812 75,895 346,979 Attributable gold produced 1 oz 97,149 84,122 74,095 25,036 280,401 Total silver produced oz 91,846
Slide 5: Operations
For personal use only Operations
Slide 6: Cracow
Cracow Consistent gold production of 26,215oz, 8.7% improvement on previous quarter For personal use only Cash cost of A$703/oz FY2012 production 102,565oz at average cash cost of A$678/oz toward upper end of production guidance and lower end of cash cost guidance range FY2013 outlook range
Slide 7: Pajingo
Pajingo For personal use only 18,336oz of gold at a cash operating cost of A$1,013/oz due to lower ore grades 154,397t ore treated; 40% increase on March quarter FY2012 production 75,747oz at average cash cost of A$780/oz; well below cash cost guidance A$867/oz; 165% increase on FY2011 product
Slide 8: Edna May
Edna May For personal use only Improved plant reliability, gold recovery and mine productivity lifts production to 19,863oz, up 21.7%, at a cash cost of A$990/oz FY2012 production 73,264oz at average cash cost of A$949/oz; below production guidance and within cash cost guidance, an 11.7% increas
Slide 9: Mt Rawdon
Mt Rawdon For personal use only Record quarter gold production 32,734oz, up 25.4%, at a cash cost of A$531/oz Higher production due to positive grade reconciliations and access to higher grade ore sources FY2012 production 95,403oz at average cash cost of A$684/oz; in line with production guid
Slide 10: Mt Carlton
Mt Carlton For personal use only Key growth project – procurement/engineering largely complete, construction approximately 50% complete; commissioning on schedule for December quarter Concrete works well advanced; SAG mill, flotation, regrind, and tankage areas near completion Majority of the
Slide 11: Exploration
For personal use only Exploration
Slide 12: Cracow Exploration
Cracow Exploration For personal use only Coronation – Drilling to convert to Inferred resource continued 250m north of mining operations Mineralisation remains open along strike Inferred resource anticipated H12013 Cracow South – Potential new mineral field Drill targets identified by ma
Slide 13: Pajingo Exploration
Pajingo Exploration For personal use only Moonlight – additional excellent drill results: 5.3m @ 6.48g/t Au 3.5m @ 6.05g/t Au 2.5m @ 3.85g/t Au Mineralisation remains open along strike to the northwest Starlight C – 200m east of current UG development and open at depth: 4.0m @ 5.11g/t
Slide 14: Edna May Exploration
Edna May Exploration For personal use only Greenfinch – potential to increase resources with high-grade mineralisation extended significantly down-dip 150m; 6.76m @ 11.47g/t Au 2.58m @ 28.19g/t Au 3.13m @ 9.07g/t Au 1.26m @ 93.27g/t Au Perrins – drilling completed to delineate an oxide r
Slide 15: Exploration
Exploration For personal use only Mt Rawdon Regional prospectivity review completed, exploration targets identified; to be ranked and incorporated in future drilling programs Mt Carlton Geological mapping, geochemical and geophysical data acquisition commenced to define additional drill targets
Slide 16: Financials
For personal use only Financials
Slide 17: Financials
Financials Attributable gold and silver revenue of A$161.6M from 99,900oz of gold sold at an For personal use only average price of A$1,590/oz in June quarter Cash in bank decreased by A$29M to A$142M at 30 June 2012 (A$170.9M at 31 Mar 2012); excludes A$17M from gold sales received post quarter
Slide 18: Outlook
For personal use only Outlook
Slide 19: FY2013 Guidance
FY2013 Guidance For personal use only Production guidance range higher than FY2012 Cash cost guidance range lower than FY2012 Guidance FY2013 Gold Equivalent Production Cash Operating Costs (oz) (A$/oz) Cracow 90,000 – 100,000 780 – 820 Pajingo 85,000 – 90,000 730 – 780 Mt Rawdon 95,000 – 110,00
Slide 20: Evolution Mining
Evolution Mining 4th largest ASX listed gold producer For personal use only Portfolio of assets delivering operational predictability Strong balance sheet to fund growth Investing in efficiency gains across all operations Current growth projects being delivered Exploration focus unlocking
Slide 21: Evolution Mining
For personal use only Evolution Mining ASX Code: EVN www.evolutionmining.com.au
Slide 22: Appendix - Production Summary
Appendix - Production Summary Mt Total/ June 2012 Quarter Units Cracow Pajingo Edna May Rawdon Average UG ore mined 000' t 115 86 - - 201 For personal use only UG mined grade g/t 7.96 5.00 - - 6.70 UG development m 1,503 1,472 - - 2,975 OP ore mined 000' t - 74 667 900 1,641 OP mined grade g/t - 2.8
Slide 23: 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