Slide 1: Reinvigorating the Australian Gold Industry
For personal use only Evolution Mining Reinvigorating the Australian Gold Industry February 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: Who We Are
Who We Are 4th Largest ASX Listed Gold Mining Company For personal use only Mt Carlton Corporate Information commissioning ASX Code EVN Index S&P ASX200 Edna May Open Pit Shares 708.1M Last Price 1 A$1.27ps Market Capitalisation A$0.9B Pajingo Underground Daily Turnover 2 A$2.6M Cracow Plant Cash 3
Slide 4: Credit(ibility) Crisis - We Hear You
Credit(ibility) Crisis - We Hear You For personal use only Rising resource nationalism Political Risk Will be more accurately priced Key focus Capital Discipline Capital less freely available and more expensive Deliver on guidance Delivery No surprises Dividends More focus on returns t
Slide 5: The Evolution Value Proposition
The Evolution Value Proposition For personal use only Low risk - first world jurisdiction Australia Second largest gold producer globally Improving cost profile Delivering on guidance Q-on-Q since creation Delivery Delivering a significant growth project Delivering on exploration upside
Slide 6: A Perfect Storm?
A Perfect Storm? For personal use only Strengthening gold price? Australia can regain Depreciating currency? its status as a premier Exploration technology and innovation gold investment Vibrant mid-tier companies emerging destination 6
Slide 7: Strong will get stronger
Strong will get stronger For personal use only Evolution Financial Results 1H FY13: 18,098 Revenue from gold and silver sales increased by 108% to A$321.6M 10,000 9,000 Underlying EBITDA increased by 151% to A$135.5M 8,000 Net profit increased by 188% to A$40.7M 7,000 Strong balance sheet wi
Slide 8: Australia's Newest Mid-tier Producer
Australia’s Newest Mid-tier Producer For personal use only All assets 100% owned Excellent exploration potential 3.3Mozeq Ore Reserves 7.0Mozeq Mineral Resources Defined growth profile Evolution FY13 Production Outlook 370koz – 410koz AuEq 8
Slide 9: Delivering on Guidance
Delivering on Guidance For personal use only Evolution has met or exceeded guidance every quarter since creation in November 2011 Predictability achieved as a result of multiple mine portfolio 150,000 900 800 125,000 700 Cash Cost ($/oz) Production (oz) 100,000 600 500 75,000 400 50,000 300 200
Slide 10: Cracow
Cracow Consistent production – operating since For personal use only Mine Type Underground 2004 Minerals Gold and silver FY13 outlook of 90,000 – 100,000oz at a Mineralisation type Low-sulphidation epithermal cash cost of A$780 – A$820/oz Throughput 550ktpa Current investment in underground Av
Slide 11: Pajingo
Pajingo Field has produced 2.6Moz since 1996 – For personal use only Mine Type Open pit and underground excellent exploration upside remains Minerals Gold FY13 outlook of 85,000 – 90,000oz at a cash Low-sulphidation Mineralisation type cost of A$730 – $780/oz epithermal Throughput 650ktpa Oper
Slide 12: Edna May
Edna May For personal use only Turnaround evident – record production of Mine Type Open pit 48,687oz achieved in first-half of FY13 Minerals Gold and silver FY13 outlook of 75,000 – 80,000oz at a Reef structures and gold Mineralisation type cash cost of A$840 – A$890/oz stockwork Throughput 2.6M
Slide 13: Mt Rawdon
Mt Rawdon For personal use only Consistent production since 2001 Mine Type Open pit FY13 outlook of 95,000 – 110,000oz at a Minerals Gold and silver cash cost of A$600 – A$660/oz Mineralisation type Volcanic hosted Cut-back accelerated to optimise mining Throughput 3.5Mtpa costs and availabili
Slide 14: Mt Carlton
Mt Carlton For personal use only A high quality, new project Stage Commissioning Mine Type Open pit First concentrate production expected in March quarter 2013 – LOM offtake Minerals Gold, silver and copper agreements are in place Mineralisation type High-sulphidation epithermal Will be the lo
Slide 15: Delivering on Exploration Upside
Delivering on Exploration Upside For personal use only Strategic 6,750km2 tenement holding around operations in established metallogenic belts Well-funded FY13 exploration budget of A$28M (excluding orebody extension and resource development) Building a technical team to maximise potential for
Slide 16: Analyst Coverage
Analyst Coverage For personal use only Good analyst coverage – good market following – good trading liquidity Broker Analyst BofA Merrill Lynch Stephen Gorenstein BBY Kurt Worden Credit Suisse Michael Slifirski Deutsche Bank Chris Terry Evans and Partners Cathy Moises Goldman Sachs Paul Hissey Inv
Slide 17: Globally Competitive
Globally Competitive For personal use only Australian diversified gold producer Delivering operational predictability Proven management team Successfully reinvigorating undercapitalised assets Delivering to promise Financial strength Ability to appropriately capitalise the asset base Commitment to a
Slide 18: Appendices
For personal use only Appendices
Slide 19: Ore Reserves
Ore Reserves Gold Reserves 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 (Million) (g/t) (koz) (Million) (g/t) (koz) (Million) (g/t) (koz) 1 Cracow Underground 3.0 0.126 10.9 44 1.16 5.3
Slide 20: Mineral Resources
Mineral Resources Gold Resources Measured Indicated Inferred Total Resources 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 (Million) (g/t) (koz) (Million) (g/t) (koz) (Million) (g/t) (koz
Slide 21: 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