Slide 1: Mungari Site Visit
Inspired people creating a premier global gold company For personal use only Mungari Site Visit Lawrie Conway, Managing Director and Chief Executive Officer Scott Barber, General Manager – Mungari Operations Brad Daddow, Manager Geology – Mungari Operations 5 August 2025
Slide 2: Forward looking statement
Forward looking statement This presentation prepared by Evolution Mining Limited ('Evolution' or 'the Company') includes forward looking statements. Often, but not always, forward looking statements can generally be identified by the N on - IF R S fi na nc i a l i nf or m a t ion For personal use on
Slide 3: Acknowledgement of Country
Acknowledgement of Country For personal use only Evolution Mining acknowledges the Traditional Custodians of the lands on which we operate and pay our respects to their Elders past and present. We recognise their strengths and ongoing connection to the land, waters and communities as the Custodians
Slide 4: Welcome to Mungari Operations
Welcome to Mungari Operations For personal use only Lawrie Conway Matt O’Neill Nancy Guay Scott Barber Brad Daddow Managing Director & Chief Operating Officer Chief Technical Officer General Manager – Manager Geology – Chief Executive Officer Mungari Operations Mungari Operations 4
Slide 5: Delivering long-term stakeholder value
Delivering long-term stakeholder value MARKET CAPITALISATION1 $14.6B For personal use only MINERAL RESOURCES2 30Moz gold, 4.4Mt copper ORE RESERVES2 11Moz gold, 1.4Mt copper FY26 PRODUCTION GUIDANCE3 710koz – 780koz FY26 AISC GUIDANCE3 $1,720/oz – $1,880/oz 24 consecutive dividends, DIVIDENDS paid o
Slide 6: A long-standing presence in WA
A long-standing presence in WA Acquisition of Kundana and EKJV The creation of Evolution included Mungari mill commissioning Edna May divested to Ramelius interest from Northern Star, Edna May (merger of Catalpa underway now, early and For personal use only extending Mungari mine life from 9 to Reso
Slide 7: Mungari transitioning to higher production and cash flow
Mungari transitioning to higher production and cash flow Gold production Operating mine cash flow Consolidated regional ownership FY25 – 750,512oz FY25 – $2,288M For personal use only ▪ Mine life to at least 2038 10% 18% Proven track record of stable and consistent 9% operations under Evolution owne
Slide 8: Mungari mill expansion
Mungari mill expansion For personal use only 8
Slide 9: Expansion a key enabler to unlock regional potential
Expansion a key enabler to unlock regional potential Project approved June 2023 For personal use only ▪ $250 million infrastructure investment doubling plant capacity ▪ ~$75 million for establishing mining centres Key contract awarded September 2023 ▪ ECI process determined partner for new 4.2mtpa m
Slide 10: Mining – Optionality with multiple ore sources
Mining – Optionality with multiple ore sources High grade underground and open pit, with long term base load from Castle Hill For personal use only Leveraging a significant 7.2Moz endowment1 ▪ Conventional mining method for eastern goldfields ▪ Ore volume: ~80% open pit, ~20% underground ▪ Castle Hi
Slide 11: New process plant – a very well laid out site
New process plant – a very well laid out site Processing plant For personal use only ▪ Single stage crusher, SABC, leaching, in-pit tailings Existing crushing deposition ▪ Throughput 600tph (4.2Mtpa) Leaching SAG mill Thickener following expansion ▪ Total recovery – 93% Course Ore Stockpile New crus
Slide 12: Expansion time lapse – a lot of very organised activity
Expansion time lapse – a lot of very organised activity Commissioning 9 months early in April 2025 For personal use only 12
Slide 13: Castle Hill – mining well underway, NRW contracted
Castle Hill – mining well underway, NRW contracted ▪ Surface mining contract at Castle Hill For personal use only valued at ~$360m awarded to NRW ▪ Works include ▪ Load & haul ▪ Drill & blast and ▪ Construction of site supporting facilities ▪ Works commenced in November 2024 ▪ Employment of around 1
Slide 14: Discovery – enabler to sustained & increased production
Discovery – enabler to sustained & increased production Brad Daddow For personal use only Manager Geology
Slide 15: Accelerating value through Discovery
Accelerating value through Discovery ▪ Discovery strategy and key highlights: For personal use only ▪ Sustain high-grade underground production for +5 yrs ▪ Recent discovery success at Genesis and Solomon1 ▪ Mill baseload feed – proven up and with upside ▪ Castle Hill drilled and ready to mine ▪ Tes
Slide 16: Discovery success – more high grade at Genesis
Discovery success – more high grade at Genesis (EVN 100%) ▪ Significant growth – Resource growth to 1Mt at 10.0 g/t Au for 309koz1 since first drilling in 2023 For personal use only ▪ Proximity to underground infrastructure: significant discovery with opportunity to expand underground mining fronts
Slide 17: Track record of Mineral Resource growth
Track record of Mineral Resource growth Mungari Mineral Resource Growth (Koz) ▪ December 2024 Mineral Resource increased by 1.3Moz For personal use only (+22%) year-on-year to 7.2Moz1 Acquired Kundana operations & EKJV 7,173 assets from Northern Star (August 2021) ▪ +3.6Moz (73%) since 2021 Kundana
Slide 18: Mungari's bright future
Mungari’s bright future Mill expansion delivered ahead of For personal use only schedule and under original budget Significant investment spend with Western Australian contractors, services and people Long mine life to 2038 with further potential Transitioning to higher production and higher cash fl
Slide 19: For personal use only
For personal use only
Slide 20: Appendix: Arctic – Strzelecki line of lode
Appendix: For personal use only Arctic – Strzelecki line of lode
Slide 21: Arctic – Strzelecki line of lode
Arctic – Strzelecki line of lode1 For personal use only 1. See ASX Announcement titled, ‘Exploration update – encouraging results from Mungari and Northparkes’ dated 16 July 2025 and available to view at www.evolutionmining.com 21
Slide 22: Appendix: Mineral Resources and Ore Reserves
Appendix: For personal use only Mineral Resources and Ore Reserves
Slide 23: Group gold Mineral Resources at December 2024
Group gold Mineral Resources at 31 December 2024 Gold Measured Indicated Inferred Total Resource Cut-off Tonnes Gold Gold Metal Tonnes Gold Gold Metal Tonnes Gold Gold Metal Tonnes Gold Gold Metal CP4 Project Type (g/t Au) (Mt) Grade (g/t) (Moz) (Mt) Grade (g/t) (Moz) (Mt) Grade (g/t) (Moz) (Mt) Gra
Slide 24: Group gold Ore Reserves at December 2024
Group gold Ore Reserves at 31 December 2024 Gold Proved Probable Total Reserve Competent Cut-off Gold Grade Gold Metal Tonnes Gold Grade Gold Metal Tonnes Gold Grade Gold Metal Project Type Tonnes (Mt) Person3 (g/t Au) (g/t) (Moz) (Mt) (g/t) (Moz) (Mt) (g/t) (Moz) Cowal Stockpiles 0.45g/t Au 43 0.53
Slide 25: Group copper Mineral Resources at December 2024
Group copper Mineral Resources at 31 December 2024 Copper Measured Indicated Inferred Total Resource Copper CP3 Tonnes Copper Tonnes Copper Copper Tonnes Copper Copper Tonnes Copper Copper Project Type Cut-off Grade Metal (kt) Grade (%) Metal (kt) Grade (%) Metal (kt) Grade (%) Metal (kt) For person
Slide 26: Group copper Ore Reserves at December 2024
Group copper Ore Reserves at 31 December 2024 Copper Proved Probable Total Reserve CP2 Copper Copper Copper Copper Copper Copper Project Type Cut-Off Tonnes (Mt) Tonnes (Mt) Tonnes (Mt) For personal use only Grade (%) Metal (kt) Grade (%) Metal (kt) Grade (%) Metal (kt) Ernest Henry Underground 0.75
Slide 27: For personal use only
For personal use only