Slide 1: Diggers and Dealers 2021
For personal use only Diggers and Dealers 2021 Inspired people creating a premier global gold company 1
Slide 2: Forward Looking Statement
FORWARD LOOKING STATEMENT For personal use only These materials prepared by Evolution Mining Limited (or “the Company”) include forward looking statements. Often, but not always, forward looking statements can generally be identified by the use of forward looking words such as “may”, “will”, “expect
Slide 3: A Rough 12 Months for Gold
A ROUGH 12 MONTHS FOR GOLD For personal use only ASX All Ords Gold Index (XGD) vs ASX300 Metals & Mining Index (XMM) +25% -30% Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 XMM (% chg) XGD (% chg) Source: https://au.finance.yahoo.com/ 3
Slide 4: Every Investor Should Have Insurance
EVERY INVESTOR SHOULD HAVE INSURANCE For personal use only Central Bank Assets Gold price (US$ per ounce) US$8.0T €7.7T ¥717T US$1797/oz US$520/oz 2006 2008 2010 2012 2014 2016 2018 2020 2021 2006 2008 2010 2012 2014 2016 2018 2020 2021 ECB Total Assets Bank of Japan Total Assets Fed Balance Sheet A
Slide 5: Evolution Snapshot
EVOLUTION SNAPSHOT For personal use only MARKET CAPITALISATION 1 A$7.6bn NET DEBT 2 A$460M GOLD MINERAL RESOURCES 3 26.4Moz GOLD ORE RESERVES 3 9.9Moz RESERVE PRICE ASSUMPTION A$1,450/oz FY21 PRODUCTION 681koz FY21 AISC A$1,215/oz NUMBER OF OPERATING ASSETS 6 PORTFOLIO MINE LIFE 4 13+ years Pictured
Slide 6: Focused Portfolio of Assets in Tier 1 Jurisdictions
FOCUSED PORTFOLIO OF ASSETS IN TIER 1 JURISDICTIONS For personal use only ▪ Evolution has a focused portfolio of assets located solely Red Lake in Tier 1 jurisdictions ▪ Australia and Canada are amongst the highest rated countries based on the Fraser Institute and World Bank metrics Ernest Henry Mt
Slide 7: Sustainability – Integrated into Everything We Do
SUSTAINABILITY – INTEGRATED INTO EVERYTHING WE DO For personal use only ▪ Keeping our people healthy and safe ◼ Through strong collective leadership Evolution continues to operate safely through COVID-19 with Creating value in the areas we no material impact on operations choose to lead ▪ Environmen
Slide 8: Four Long Life, High Margin Cornerstone Assets
FOUR LONG LIFE, HIGH MARGIN CORNERSTONE ASSETS Executing a focused and sustainable growth strategy For personal use only Cowal Red Lake Ernest Henry Mungari Expansion Transformation Extension Expansion Underground Investment in restoring Below 1200mRL Kundana acquisition development project to to a
Slide 9: Cowal
COWAL In the next three years Cowal Underground development For personal use only ▪ A$380M investment in Cowal Underground Production ▪ Strong community support for the project to ramp-up 350kozpa ▪ Base load of open pit ore from E42 and longer-term development of to satellite pits All-in Cost expec
Slide 10: Red Lake
RED LAKE In the next three years Red Lake Transformation – a clear pathway to 350kozpa For personal use only Production ▪ Large Mineral Resource of 11Moz1 ramp-up to 200kozpa ▪ Growth plans accelerated by Battle North acquisition ▪ Investment now focused on mine development to fill mills All-in Cost
Slide 11: Ernest Henry
ERNEST HENRY Ernest Henry Extension below the 1200m RL For personal use only ▪ Current drill program testing extension of the ore body below the Mine life extension milestones current reserves at 1,200mRL ▪ Targeting a 3 – 5 year mine life extension with increased copper exposure Below Finalising co
Slide 12: Acquisition of Kundana Assets
ACQUISITION OF KUNDANA ASSETS 1 Elevating Mungari to create Evolution’s For personal use only Map of the Acquisition Assets Legend fourth cornerstone asset and Mungari Evolution Acquisition Assets Current ore sources ▪ Acquisition of underground operating mines within Carnage Processing facilities 8
Slide 13: Mungari – A Fourth Cornerstone Asset
MUNGARI – A FOURTH CORNERSTONE ASSET Gold production objective of 200kozpa post Doubling Mungari’s mineral endowment with higher For personal use only mill expansion grade ore sources Pro Forma Mungari Ore Reserve and Mineral Resources (koz) (Pre-EVN certification)1 ▪ More than doubles Mineral Resou
Slide 14: Enhances Portfolio Quality
ENHANCES PORTFOLIO QUALITY Four long life, high margin assets For personal use only 3,000 Ernest Henry Production Base2 2,500 100koz LOM AISC Margin (A$/oz)1 Acquisition Assets extend Mungari’s mine 2,000 life and support Mungari mill expansion to Cowal increase scale to a 200kozpa operation Red Lak
Slide 15: People – Our Most Important Asset
PEOPLE – OUR MOST IMPORTANT ASSET For personal use only SAFETY | EXCELLENCE | ACCOUNTABILITY | RESPECT 15
Slide 16: Appendix
For personal use only Appendix 16
Slide 17: Evolution 2020 Gold Mineral Resources
EVOLUTION 2020 GOLD MINERAL RESOURCES For personal use only Gold Measured Indicated Inferred Total Resource Dec 19 Resource Gold Gold Gold Gold Gold Gold Gold Tonnes Gold Tonnes Tonnes Tonnes CP4 Gold Metal Project Type Cut-Off Metal Grade Metal Grade Metal Grade Metal (Mt) Grade (g/t) (Mt) (Mt) (Mt
Slide 18: Evolution 2020 Gold Ore Reserves
EVOLUTION 2020 GOLD ORE RESERVES For personal use only Dec 19 Gold Proved Probable Total Reserve Reserves Gold Gold Gold CP4 Tonnes Gold Tonnes Gold Grade Tonnes Gold Gold Metal Project Type Cut-Off Metal Metal Metal (Mt) Grade (g/t) (Mt) (g/t) (Mt) Grade (g/t) (koz) (koz) (koz) (koz) Cowal1 Open pi
Slide 19: Evolution 2020 Copper Resources & Reserves
EVOLUTION 2020 COPPER RESOURCES & RESERVES Group Copper Mineral Resource Statement For personal use only Dec 19 Copper Measured Indicated Inferred Total Resource Resources Copper Copper Copper Copper Copper Copper CP3 Tonnes Copper Tonnes Copper Tonnes Tonnes Copper Project Type Cut-Off Metal Metal
Slide 20: Acquisition Assets Resources & Reserves
ACQUISITION ASSETS RESOURCES & RESERVES For personal use only Acquisition Assets Mineral Resource Statement1 Gold Measured Indicated Inferred Total Resource Gold Gold Tonnes Gold Grade Tonnes Gold Gold Metal Tonnes Gold Gold Metal Tonnes Gold Metal Project Metal Grade (Mt) (g/t) (Mt) Grade (g/t) (ko
Slide 21: Evolution Mining
For personal use only Evolution MINING