Slide 1: Quarterly Results March 2013
For personal use only Quarterly Results March 2013
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 and cost guidance remains unchanged • Gold production of 84,251oz @ A$918/oz Au. Over 100,000oz expected Jun qtr 2013 • FY13 guidance confirmed at 370,000-410,000oz AuEq @ A$730-A$790/oz • Mt Carlton successfully commissioned and commenced pr
Slide 4: March Quarter Production
March Quarter Production For personal use only Mar Dec Sep Year to Consolidated Units Quarter Quarter Quarter Date Production Summary 2013 2012 2012 FY13 Gold produced oz 84,251 101,663 94,446 280,361 Silver produced oz 62,024 84,747 79,743 226,514 C1 Cash Cost2 A$/oz 918 764 732 800 Total Cost3 A$/
Slide 5: Operations
For personal use only Operations
Slide 6: Cracow
Cracow For personal use only Gold production of 24,572oz (28,574oz) Cash cost of A$955/oz; (A$861/oz) – expected to reduce in the June quarter LTI free for a second consecutive quarter Changing to owner mining 1 July 2013 – cost benefit of about A$50/oz expected 140,000 $955 1,000 $849 $861
Slide 7: Pajingo
Pajingo For personal use only Gold production of 22,559oz (24,340oz) High grade material mined from Sonia orebody as well as Zed West, Faith and Eva; 88,000t @ 6.13g/t gold Cash operating cost of A$795/oz (A$695/oz) due predominantly to lower processed grade 120,000 $799 $795 100,000 800 $711
Slide 8: Edna May
Edna May For personal use only Gold production of 18,857oz (22,763oz) Cash costs increased to A$1,063 (A$838/oz) – larger mining fleet will see unit rate reductions realised in the June quarter Secondary crusher trials continued with major trial planned for June quarter LTI free for March qu
Slide 9: Mt Rawdon
Mt Rawdon For personal use only Gold production of 17,817oz (25,986oz) impacted by Cyclone Oswald and further heavy rainfall in February and March Cash cost of A$891/oz (A$658/oz) due to lower gold production LTI free for quarter. 12 month LTIFR moving average reduced to 0.0 Dewatering is on
Slide 10: Mt Carlton
Mt Carlton For personal use only Mt Carlton opened on 10 April 2013 by Queensland Premier Campbell Newman Currently in ramp-up stage and full capacity expected in September 2013 quarter First concentrate shipment to Humon Smelting Co is planned for May 2013 Due to benefit of accelerated stri
Slide 11: Exploration
For personal use only Exploration
Slide 12: Resource and Reserve Update
Resource and Reserve Update For personal use only Mineral Resource and Ore Reserve estimates were updated for all exploration and resource definition drilling to 31 December 2012 Group Mineral Resources increased 10% to 7.7Moz AuEq. (after mining depletion)* Group Ore Reserves increased 7% to
Slide 13: Mt Rawdon
Mt Rawdon Resource definition drilling during the quarter intersected new high-grade mineralisation For personal use only beneath the planned open pit. Drill hole MTRRCD23 returned an exceptional intersection of 35m grading 24.2g/t Au (uncut) from 322m – better than any previous drill result at
Slide 14: Pajingo - New discovery at Moonlight area, Lynne Vein
Pajingo For personal use only New discovery at Moonlight area – Lynne Vein 20.9m @ 5.99g/t Au (etw 11.8m) from 397m including: 5.1m @ 9.42g/t Au; and 4.8m @ 11.47g/t Au (in JMRD3925) 74m @ 2.57g/t Au from 391m including: 2.5m @13.0g/t Au 11m @ 6.75g/t Au 2.8m @ 4.72g/t Au; and 3m @
Slide 15: Pajingo - Lynne Vein longitudinal section
Pajingo New discovery at Moonlight area – Lynne Vein For personal use only Lynne longitudinal section looking north (mine grid) showing drill hole pierce points and significant assays (down-hole widths) 15
Slide 16: Mt Carlton
Mt Carlton For personal use only 5km Surface Soil Anomalies Mt Carlton Region Au > 17 ppb Ag > 0.25 ppm Mo > 1.2 ppm Multi element soil geochemistry survey area Ternary Au-Ag-Mo plot shows: Au-Ag dominant Multi element soil geochemistry survey area completed Feb 2013 Mo-Au dominant Aeromagnetic Surv
Slide 17: Corporate
For personal use only Corporate
Slide 18: Financial Performance
Financial Performance For personal use only Total revenue of A$134.4M (A$172.6M) derived from gold sales of 84,357oz sold at an average price of A$1,573/oz and 62,000oz of by- product silver sold at A$29/oz Gold hedge book at 31 Mar 2013 – 152,171oz at flat forward price A$1,573/oz Group cash
Slide 19: Outlook
For personal use only Outlook
Slide 20: Outlook
Outlook For personal use only FY13 guidance confirmed: 370,000 – 410,000oz AuEq at A$730 – A$790/oz In excess of 100,000oz production expected in June quarter Exciting exploration drilling continuing at Mt Rawdon and Pajingo Cost reduction initiatives implemented and will have an impact goin
Slide 21: Evolution Mining
For personal use only Evolution Mining ASX Code: EVN www.evolutionmining.com.au
Slide 22: Appendix – March Qtr 2013 Production Summary
Appendix – March Qtr 2013 Production Summary March 2013 Quarter Units Cracow Pajingo Edna May Mt Rawdon Mt Carlton1 Total / Average For personal use only UG lateral development - capital m 804 986 - - - 1,790 UG development - operating m 1,212 475 - - - 1,687 Total UG lateral development m 2,016 1,4
Slide 23: Appendix – Mineral Resource Statement Dec 2012
Appendix – Mineral Resource Statement 31 Dec 2012 Gold Measured Indicated Inferred Total Resource For personal use only Tonnes Gold Grade Gold Metal Tonnes Gold Grade Gold Metal Tonnes Gold Grade Gold Metal Tonnes Gold Grade Gold Metal Project Type Cut-Off (Mt) (g/t) (koz) (Mt) (g/t) (koz) (Mt) (g/t
Slide 24: Appendix – Ore Reserve Statement Dec 2012
Appendix – Ore Reserve Statement 31 Dec 2012 Gold Proved Probable Total Reserve For personal use only Tonnes Gold Grade Gold Metal Tonnes Gold Grade Gold Metal Tonnes Gold Grade Gold Metal Project Type Cut-Off (Mt) (g/t) (koz) (Mt) (g/t) (koz) (Mt) (g/t) (koz) Pajingo Open-Pit 0.65 0.01 3.9 1 0.17 5
Slide 25: Competent Person Statement
Competent Person Statement The information in this presentation that relates to exploration results, Mineral Resources or Ore Reserves listed in the table For personal use only 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