Slide 1: Discovery and exploration
Inspired people creating a premier global gold company rsonal use only Discovery and exploration Glen Masterman – Vice President - Discovery 15 September 2026
Slide 2: Disclaimer
Disclaimer The information in this presentation is current as at 15 September 2026. It is in summary form and is not necessarily complete. It should be read together with the Evolution results for the year ended 30 June 2026. Forward-looking statement These materials prepared by Evolution Mining Lim
Slide 3: Unlocking value by discovery success
Unlocking value by discovery success A world-class portfolio in prime geological real estate rsonal use only Investing for growth A high-quality Greenfields Key exploration objectives portfolio FY27 Group guidance:1 Cowal Ernest Henry ▪ 9.9% strategic investment in Arizona Gold & Silver3 ▪ $130 - $1
Slide 4: Discovery underpins Evolution's next phase of growth
Discovery underpins Evolution’s next phase of growth Reserve replacement Leverage portfolio advantage ▪ Grow Mineral Resources & Ore Reserves (MROR) ▪ Benefit from existing mining and processing rsonal use only ▪ Extend overall mine life infrastructure ▪ Discovery offers high-return growth opportuni
Slide 5: Cowal
Cowal Aspiration: discover a new underground mine & expand E41 open pit1 rsonal use only Oban plan slice (700mRL) ▪ E41 – new drilling results beyond Ore Reserve pit designs illustrate ▪ Emerging Oban corridor – geological architecture and significant growth potential scale-potential equivalent to e
Slide 6: Northparkes
Northparkes Copper growth leveraging existing infrastructure1 rsonal use only Open pit drilling ▪ Major Tom and E51 maiden Mineral Resources2 ▪ Stock Margin Reverse Circulation drilling returned encouraging near- surface copper results ▪ Aggressive 20km drill program in FY27 targeting Mineral Resour
Slide 7: Ernest Henry
Ernest Henry A dominant footprint in a world-class copper district rsonal use only District scale opportunities to leverage latent mill capacity Extending one of Australia’s premier copper-gold mines (2.5km deep directional drilling program)1 7 1. See the appendix of this presentation for more infor
Slide 8: Converting geological opportunity into value
Converting geological opportunity into value FY27 priorities rsonal use only ▪ Cowal - new underground and open pit opportunities ▪ Northparkes - grow accessible metal inventory in support of expansion pathways ▪ Ernest Henry – extend main orebody mine-life ▪ Greenfields portfolio - creating the nex
Slide 9: Competent Person Statement
Competent Person Statement Evolution employees acting as a Competent Person may hold equity in Evolution Mining Limited and may be entitled to participate in Evolution’s executive equity long-term incentive plan, details of which are included in Evolution’s annual Remuneration Report. Annual replace
Slide 10: rsonal use only
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Slide 11: Appendix
rsonal use only Appendix
Slide 12: Group gold Mineral Resources at December 2025
Group gold Mineral Resources at 31 December 2025 rsonal use only Data for tonnes and metal reported to two significant figures to reflect appropriate precision and may not sum precisely due to rounding. Data for grades are reported to two decimal places. “UG” denotes underground, “SP” denotes stockp
Slide 13: Group gold Ore Reserves at December 2025
Group gold Ore Reserves at 31 December 2025 rsonal use only Data for tonnes and metal reported to two significant figures to reflect appropriate precision and may not sum precisely due to rounding. Data for grades are reported to two decimal places. “UG” denotes underground, “SP” denotes stockpiles,
Slide 14: Group copper Mineral Resources at December 2025
Group copper Mineral Resources at 31 December 2025 rsonal use only Data for tonnes and metal reported to two significant figures to reflect appropriate precision and may not sum precisely due to rounding. Data for grades are reported to two decimal places. “UG” denotes underground, “SP” denotes stoc
Slide 15: Group copper Ore Reserves at December 2025
Group copper Ore Reserves at 31 December 2025 rsonal use only Data for tonnes and metal reported to two significant figures to reflect appropriate precision and may not sum precisely due to rounding. Data for grades are reported to two decimal places. “UG” denotes underground, “SP” denotes stockpile
Slide 16: FY27 guidance
FY27 guidance Gold Copper Sustaining Major mine Major project Depreciation & FY27 AISC Exploration production production capital development capital amortisation guidance ($/oz)1 ($M) rsonal use only (koz) (kt) ($M) capital ($M) ($M) ($/oz)2 Group 660 – 730 63 – 70 1,795 – 1,995 265 – 325 440 – 500
Slide 17: Ernest Henry drill hole information summary
Ernest Henry drill hole information summary Reported intersection was calculated as length-weighted average grades from individual assay intervals using a reporting cut-off grade of ≥0.7% Cu. No top-cuts or high-grade cuts were applied during interval compositing. The reported intersection includes
Slide 18: Ernest Henry, Queensland – JORC Table
Ernest Henry, Queensland JORC Table 1 Ernest Henry Exploration: Section 1 sampling techniques and data rsonal use only (Criteria in this section apply to all succeeding sections) Ernest Henry - Section 1 sampling techniques and data Criteria Commentary Diamond core from the drillhole was sampled to
Slide 19: Ernest Henry, Queensland
Ernest Henry, Queensland Ernest Henry - Section 1 sampling techniques and data Criteria Commentary rsonal use only Core from EH1554A was cut longitudinally with an automated diamond saw; half-core was submitted for assay and the remaining half retained onsite. Samples were collected over nominal ~2
Slide 20: Ernest Henry, Queensland
Ernest Henry, Queensland Ernest Henry: Section 2 reporting of exploration results rsonal use only Ernest Henry - Section 2 reporting of exploration results Criteria Commentary Audits or reviews Internal reviews of drilling, sampling, assay and QAQC procedures are completed routinely. QAQC results ar
Slide 21: Ernest Henry, Queensland
Ernest Henry, Queensland Ernest Henry - Section 2 reporting of exploration results rsonal use only Criteria Commentary Diagrams Drill hole location plan. Refer presentation slides for section perspective. Diagrams are presented with mine-grid coordinates and elevation. Refer to drillhole information
Slide 22: Ernest Henry, Queensland
Ernest Henry, Queensland Ernest Henry - Section 2 reporting of exploration results rsonal use only Criteria Commentary Reported intersections were calculated using the stated reporting criteria and include internal dilution. The results are considered a balanced representation of the Balanced report
Slide 23: Cowal drill hole information summary
Cowal drill hole information summary Intercepts reported below are based on assay intervals exceeding 10 Au gram metres. Gram metres are calculated by the following equation. Estimated true width (m) x gold grade (g/t). rsonal use only Hole Northing Easting Elevation Hole length Azimuth Au grade Cu
Slide 24: Cowal, New South Wales – JORC Table
Cowal, New South Wales JORC Table 1 Cowal – Section 1 sampling techniques and data rsonal use only (Criteria in this section apply to all succeeding sections) Cowal – Section 1 sampling techniques and data Criteria Commentary Sampling techniques Samples in this report consist of conventional HQ3 and
Slide 25: Cowal, New South Wales
Cowal, New South Wales Cowal – Section 1 sampling techniques and data rsonal use only Criteria Commentary Diamond core has been geologically logged to the level of detail required for a Mineral Resource estimation. Rock Quality Designation (RQD) measurements and geotechnical logging were taken from
Slide 26: Cowal, New South Wales
Cowal, New South Wales Cowal – Section 1 sampling techniques and data Criteria Commentary rsonal use only Sample check assays are sent to Umpire laboratories at a ratio of 1:20 samples. The quality control / quality assurance (QA/QC) process ensures the intercepts are representative for Verification
Slide 27: Cowal, New South Wales
Cowal, New South Wales Cowal – Section 2 reporting of exploration results Cowal – E41 Section 2 reporting of exploration results rsonal use only Criteria Commentary The Cowal Mine is located on the Western side of Lake Cowal in central New South Wales, approximately 38km north of West Wyalong and 35
Slide 28: Cowal, New South Wales
Cowal, New South Wales Cowal – Section 2 reporting of exploration results rsonal use only Criteria Commentary Plan view showing the recent drill program and drill intercepts reported in this announcement along with historic drilling. Slice is 500m thick at 800mRL. Diagrams 28
Slide 29: Cowal, New South Wales
Cowal, New South Wales Cowal – Section 2 reporting of exploration results rsonal use only Criteria Commentary Diagrams Oblique section showing the location of existing and proposed pits, ‘As built’ underground development and Indicated and Inferred Mineral Resources. Labels represent deposits. Secti
Slide 30: Northparkes drill hole information summary – E26 South
Northparkes drill hole information summary – E26 South Intercepts reported below are based assay intervals exceeding threshold cut-off grades for any interval greater than 10 metres downhole width (not true width) with up to 20 metres of internal dilution included in bulked intervals. Separate inter
Slide 31: Northparkes drill hole information summary – E51
Northparkes drill hole information summary – E51 Intercepts reported below are based assay intervals exceeding threshold cut-off grades for any interval greater than 10 metres downhole width (not true width) with up to 20 metres of internal dilution included in bulked intervals. Separate intercepts
Slide 32: Northparkes drill hole information summary – Major Tom
Northparkes drill hole information summary – Major Tom Intercepts reported below are based assay intervals exceeding threshold cut-off grades for any interval greater than 10 metres downhole width (not true width) with up to 20 metres of internal dilution included in bulked intervals. Separate inter
Slide 33: Northparkes drill hole information summary – Stock Contact
Northparkes drill hole information summary – Stock Contact Intercepts reported below are based assay intervals exceeding threshold cut-off grades for any interval greater than 10 metres downhole width (not true width) with up to 20 metres of internal dilution included in bulked intervals. Separate i
Slide 34: Northparkes, New South Wales – JORC Table
Northparkes, New South Wales JORC Table 1 Northparkes – Section 1 sampling techniques and data rsonal use only (Criteria in this section apply to all succeeding sections) Northparkes Section 1 sampling techniques and data Criteria Commentary All Reverse Circulation (RC) and Diamond (DD) drill holes
Slide 35: Northparkes, New South Wales
Northparkes, New South Wales Northparkes Section 1 sampling techniques and data rsonal use only Criteria Commentary Diamond core is processed at a purpose built, secure, core processing facility. All diamond core has been logged, geologically and geotechnically. The geologic and geotechnical Logging
Slide 36: Northparkes, New South Wales
Northparkes, New South Wales Northparkes Section 1 sampling techniques and data Criteria Commentary rsonal use only All assays were conducted by ALS Laboratories. Samples within defined deposits (Major Tom and E51 drillholes) are assayed by a multi element suite using ME-MS61 and Cu (ore Quality of
Slide 37: Northparkes, New South Wales
Northparkes, New South Wales Northparkes Section 1 sampling techniques and data Criteria Commentary rsonal use only Drill holes are variably spaced with the following broad resource classifications applied at NPO Between 30m x 30m and 40m x 40m for Measured , 60m x 60m for Indicated and 100m Data sp
Slide 38: Northparkes – Section reporting of exploration results
Northparkes, New South Wales Northparkes – Section 2 reporting of exploration results rsonal use only Northparkes Section 2 reporting of exploration results Criteria Commentary Geology The reported deposits and prospects are or are inferred to be related to copper-gold porphyry systems. Sulphide min
Slide 39: Northparkes Section reporting of exploration results
Northparkes, New South Wales Northparkes Section 2 reporting of exploration results Criteria Commentary rsonal use only Diagrams Refer presentation slides for overall site perspective Below: Plan view, Major Tom Deposit drilling at 10,150mRL +/- 100m looking down with respect to all previous drillin
Slide 40: Northparkes Section reporting of exploration results
Northparkes, New South Wales Northparkes Section 2 reporting of exploration results Criteria Commentary rsonal use only Diagrams Plan view, Monzonite Stock Contact drilling areas at 10,150mRL +/- 100m looking down with respect to all previous drilling (historic and previously reported) and reported
Slide 41: Northparkes Section reporting of exploration results
Northparkes, New South Wales Northparkes Section 2 reporting of exploration results Criteria Commentary rsonal use only Diagrams E26 drill hole location plans Refer presentation slides for overall site perspective Above: Plan view, E26 Area drilling at 9,600mRL +/- 200m looking down with Above: Plan
Slide 42: Northparkes Section reporting of exploration results
Northparkes, New South Wales Northparkes Section 2 reporting of exploration results rsonal use only Criteria Commentary Balanced reporting Refer to drill hole information summary. Grades and widths of mineralisation are clearly outlined in the drill hole summary table presented in this report. Assay
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