Evolution Mining Limited · ASX:EVN

Evolution Mining — Diggers and Dealers 2023

15 slides from Evolution Mining's conference presentation, Aug 9, 2023

  1. Slide 1: Diggers and Dealers 2023

    NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES $3,064 For personal use only $2,948 $2,783 $2,529 Gold Spot Price / ounce (AUD) 15/08/22 – 7/08/23 Source: The Perth Mint, Australia Diggers and Dealers 2023 Inspired people creating a premier global gold company

  2. Slide 2: Forward Looking Statement

    FORWARD LOOKING STATEMENT These materials prepared by Evolution Mining Limited (or “the Company”) include forward looking statements. Often, but not always, forward looking statements For personal use only can generally be identified by the use of forward looking words such as “may”, “will”, “expect

  3. Slide 3: Don't Forget Gold

    DON’T FORGET GOLD Metals commodity market size For personal use only Iron ore Gold Copper Gold is the Aluminium second largest Nickel metals Zinc commodity market Silver Molybdenum Palladium Lead 0 50 100 150 200 250 300 Market size (US$B) Source: USGS mineral commodity summaries 2023, TradingEconom

  4. Slide 4: The Case for Gold and Copper

    For personal use only Debt defaults Debt rising Financial stress ¥ Decoupling Destabilisation THE CASE FOR GOLD AND COPPER Geopolitical issues Decarbonisation 4

  5. Slide 5: Evolution Snapshot

    EVOLUTION SNAPSHOT MARKET CAPITALISATION1 $6.82B For personal use only MINERAL RESOURCES2 30Moz gold, 1.8Mt copper Red Lake ORE RESERVES2 11Moz gold, 1Mt copper FY24 PRODUCTION ~770koz (+18% vs FY23) GUIDANCE3 FY24 AISC GUIDANCE3,4 ~$1,370/oz (<5.8% vs FY23) 20 consecutive dividends DIVIDENDS paid -

  6. Slide 6: Clear and Consistent Strategy

    CLEAR AND CONSISTENT STRATEGY A business that prospers through the cycle For personal use only Create sustainable value for stakeholders in an environmentally and socially responsible way High performing culture with values and reputation as non-negotiables Willing to take appropriate geological, op

  7. Slide 7: Portfolio Structure and Journey

    Percentage repaid At acquisition PORTFOLIO STRUCTURE AND JOURNEY Current – up to 25% Current – 26-50% Current – 90-99% Long life, high return assets Current – 100% 400 Return on investment For personal use only 350 20%+ ROI Annual production target – gold equivalent (koz) 300 Ernest Henry2 250 Cowal

  8. Slide 8: Delivering Returns and Deleveraging

    DELIVERING RETURNS AND DELEVERAGING ▪ Margin over ounces priority Production (koz) AISC ($/oz) For personal use only ▪ FY24 production guidance 770koz +/-5% ▪ FY25-26 targeting ~800koz pa ▪ Cost discipline to optimise margin and manage inflation ~770 1,450 651 ~1,370 ▪ Capital Allocation FY23 FY24 G

  9. Slide 9: Employer of Choice

    Award Winning Graduate Program EMPLOYER OF CHOICE ▪ Representatives from all intakes since 2013 still with the business ▪ Graduates in 2022 Australian For personal use only ✓ People underpin our success, supported by our Association of Graduate values Employers (AAGE) survey rated Evolution as the b

  10. Slide 10: We want working at Evolution to be the highlight of your career

    For personal use only We want working at Evolution to be the highlight of your career 10

  11. Slide 11: Appendix

    For personal use only APPENDIX 11

  12. Slide 12: Group Gold Mineral Resources at December 2022

    GROUP GOLD MINERAL RESOURCES AT 31 DECEMBER 2022 Gold Measured Indicated Inferred Total Resource Gold Gold Gold Gold Gold Gold Gold Cut-off Tonnes Tonnes Tonnes Gold Metal CP6 Project Type Tonnes (Mt) Grade Grade Grade Metal Grade Metal Grade For personal use only (g/t Au) (Mt) (Mt) (Mt) (koz) (g/t)

  13. Slide 13: Group Gold Ore Reserves at December 2022

    GROUP GOLD ORE RESERVES AT 31 DECEMBER 2022 ( W I T H E R N E S T H E N R Y J U N E 2 0 2 3 O R E R E S E R V E U P D AT E ) Gold Proved Probable Total Reserve Competent Cut-off Tonnes Gold Grade Gold Metal Tonnes Gold Grade Gold Metal Tonnes Gold Grade Gold Metal Person8 Project Type (g/t Au) (Mt)

  14. Slide 14: Group Resources & Reserves at December 2022

    GROUP RESOURCES & RESERVES AT 31 DECEMBER 2022 ( W I T H E R N E S T H E N R Y J U N E 2 0 2 3 O R E R E S E R V E U P D AT E ) Group Mineral Resource – contained copper Copper Measured Indicated Inferred Total Resource Copper CP1 For personal use only Tonnes Copper Tonnes Copper Copper Tonnes Coppe

  15. Slide 15: For personal use only

    For personal use only

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