Slide 1: Pajingo
For personal use only Pajingo May 2014 Simon Jessop – General Manager Underground Operations
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
Location For personal use only Located 200km south of Townsville Drive-in-drive-out from Charters Towers Power: 5.5MW - grid power Water: town pipeline and recycled mine water Average annual rainfall – 672mm 3
Slide 4: History
History For personal use only 1987 Open pit mining commenced at Scott Lode 1991 Normandy JV 1995 Vera discovered 1996 Underground production commenced 2001 Newmont acquisition of Normandy 2008 Acquisition by NQM and Heemskirk Nov 2010 Acquisition by Conquest Nov 2011 Evolution Merger
Slide 5: Pajingo
Pajingo Field has produced 2.7Moz since 1996 – excellent For personal use only Mine Type Open pit and underground exploration upside remains Focus on higher grade, more profitable ounces Minerals Gold Workforce: approx. 220 including contractors Mineralisation type Low-sulphidation epithermal
Slide 6: Historical production
Historical production For personal use only Gold Produced (ounces) 350,000 300,000 250,000 Ounces Au (oz) 200,000 Edna May Crushing Circuit 150,000 100,000 50,000 0 Note: * Dec 2007 qtr data not included as not available Year ** Grade and recovery not availabe for Sep 2011 quarter *** FY2014 to Mar
Slide 7: Safety, Environment & Community
For personal use only Safety, Environment & Community
Slide 8: Safety, environment & community
Safety, environment & community For personal use only • Culture showing strong improvement • Safety leadership and GOLD programmes Safety • LTIFR 2.1 and TRIFR 12.8 (30 Apr 2014) • Mine project for SWI and JSA updates underway • Compliance monitoring as per EA • Improving water management at site En
Slide 9: Processing
For personal use only Processing
Slide 10: Process flowsheet
For personal use only Process flowsheet 10
Slide 11: Historical plant performance
Historical plant performance For personal use only Head Grade v Recovery 100 14 99 12 98 10 % Recovery Grade (g/t) 97 8 96 6 95 4 94 2 93 0 92 Recovery Head grade Note: * Dec 2007 qtr data not included as not available ** Grade and recovery not availabe for Sep 2011 quarter *** FY2014 to Mar 2014 qu
Slide 12: Processing performance FY14
Processing performance FY14 For personal use only July 13 to March 14 Pajingo Plant throughput (campaign) 400 – 425 kt Plant availability 98% Throughput rate ~81tph Grade 4.63g/t Gold recovery 95.7% Gold produced 44,271oz Silver produced 35,294oz Pajingo plant 12
Slide 13: Processing improvements
Processing improvements For personal use only Campaign milling has reduced total Mill balls rejected by Mt Carlton SAG mill milling costs by approximately 30% Reduction in contractors due to new operating philosophy Replacement of transformers has improved the reliability of power to the proce
Slide 14: Mining
For personal use only Mining
Slide 15: Mine performance FY14 YTD
Mine performance FY14 YTD For personal use only July 2013 to March 2014 Units Pajingo UG lateral development - capital m 1,862 UG development - operating m 1,861 Total UG lateral development m 3,723 UG ore mined kt 223 UG grade mined g/t 6.01 Total ore mined kt 223 Total tonnes processed kt 311 Grad
Slide 16: Mining
Mining Restructure of mining team For personal use only late 2013 to align with mine schedule Mine planning processes significantly improved for UG operations – forecasts, design checkpoints and planning meetings Sharing mine equipment between Pajingo and Cracow Knowledge and experience Vera
Slide 17: Mining equipment
Mining equipment Development Drills For personal use only 2 x Sandvik DD421 Production Drills 2 x Solo LC10 1 x S/Boom being converted Boggers 1 x Sandvik LH621 1 x Sandvik LH410 1 x Caterpillar 1700G Jumbo UG Mine Trucks 3 x Atlas MT6020 1 x AD45 Water Truck Edna May open pi
Slide 18: Production and cash cost
Production and cash cost For personal use only 60,000 1,200 A$998 A$1,004 A$830 A$814 Production (oz) 40,000 800 Cost A$/oz Edna May Crushing Circuit 23,367oz 20,000 16,858oz 400 15,068oz 12,346oz 0 0 Jun Qtr Sep Qtr Dec Qtr Mar Qtr 2013 2013 2013 2014 Production gold oz C1 Cash Cost 18
Slide 19: Cost saving initiatives
Cost saving initiatives For personal use only New ground support profiles Improved drill and blast patterns for less dilution and improved fragmentation Challenging all suppliers on costs for improved results Removing low value add but high costs services (eg. mine control) Improved accoun
Slide 20: Exploration
For personal use only Exploration
Slide 21: Exploration – Strategy and Plan
Exploration – Strategy and Plan For personal use only Transformational discovery – maximise opportunity Capability of the orebody drives the business 4D and Seismic – data mining and step change Think like scientists to increase prospectivity Project pipeline – depth and quality Rank, pr
Slide 22: Exploration in FY14
Exploration in FY14 For personal use only 4D Project Data mining in 3D – time 4th dimension Footprint of Seismic Survey 2D and 3D Seismic Map deep fault systems Basin analysis – mineralisation and inversion Potential for transformation 22
Slide 23: 3D seismic location
3D seismic location For personal use only 0 2,000m Proof of concept diamond holes 1.2km x 1.6km area of 3D Location of Vera Nancy fault 23
Slide 24: 2D seismic section interpretation
2D seismic section interpretation For personal use only Direct targeting from seismic Location of Vera Nancy fault 3km depth 0 2,000m Syn-mineral normal faults Less competent, more permeable rock units on top Post-mineral inversion Identification of mechanically favourable host rock to mineralisat
Slide 25: Work ahead
Work ahead For personal use only 3D Seismic survey to the SE of V-N line of lode (including parts of Moonlight area), plan to complete end of June FY14 quarter Completion ASD/litho- geochemical profiling at both local and regional scales to produce alteration / pathfinder maps Seismic trucks I
Slide 26: Appendix
For personal use only Appendix
Slide 27: Resources
Resources Pajingo Mineral Resources - December 2012 For personal use only Measured Indicated Inferred Total Resource Mineral Resource Tonnes Grade Cont. Cont. Cont. Cont. Tonnes Grade Tonnes Grade Tonnes Grade Metal Metal Metal Metal (Mt) Au (g/t) (Mt) Au (g/t) (Mt) Au (g/t) (Mt) Au (g/t) Au (koz) A
Slide 28: Reserves
Reserves Pajingo Ore Reserves - December 2012 For personal use only Proved Probable Total Reserve Ore Reserve Cont. Cont. Cont. Tonnes Grade Tonnes Grade Tonnes Grade Metal Metal Metal (Mt) Au (g/t) (Mt) Au (g/t) (Mt) Au (g/t) Au (koz) Au (koz) Au (koz) Open-Pit Venue 0.01 3.9 1 0.17 5.6 30 0.18 5.5
Slide 29: Competent person statement
Competent person statement The information in this presentation that relates to exploration results, Mineral Resources or Ore For personal use only 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
Slide 30: Evolution Mining
For personal use only Evolution Mining ASX Code: EVN www.evolutionmining.com.au