Slide 1: Inspired people creating a premier global gold company
Inspired people creating a premier global gold company For personal use only Diggers & Dealers Lawrie Conway, Managing Director and Chief Executive Officer 4 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 Non-IFRS financial information For personal use only use of forwar
Slide 3: Highly-experienced team delivering & banking the upside
Highly-experienced team delivering & banking the upside Evolution FY25 Results1: ▪ Original Group production and AISC guidance met For personal use only FY25 $3,049 ▪ Record Group cash flow of $787M ▪ Record operating mine cash flow of $2,288M ▪ Record AISC margin of $2,647/oz Lawrie Conway Matt O’N
Slide 4: Mill expansion – an Evolution and industry success story
Mill expansion – an Evolution and industry success story Production to increase by 50% For personal use only Mill capacity increasing from 2.0Mtpa > 4.2Mtpa Mine life extended to 2038+ Under original budget by 9% Ahead of schedule by 9 months 4
Slide 5: 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% Stockpile New crushing 5
Slide 6: The investment opportunity - gold, gold equities & EVN
The investment opportunity - gold, gold equities & EVN The end of US ‘exceptionalism’ … For personal use only De-globalisation (nationalism) and de-dollarisation Record AISC margin in FY25 14,000 6,000 Central bank buying continues as geopolitical uncertainties persist Margin expansion rewards gold
Slide 7: Copper is the differentiator in our portfolio
Copper is the differentiator in our portfolio Comprises 25% - 30% sales For personal use only A key enabler of the global energy and digital transitions Average time from copper discovery to production of 18 years1 Mined grades and the rate of major new discoveries both in decline US imports acceler
Slide 8: A high return portfolio, with long life & more upside
A high return portfolio, with long life & more upside World class mix of gold and copper assets For personal use only COWAL ERNEST HENRY NORTHPARKES ▪ Record cash generation: $885M operating ▪ Record cash generation: ~$550M ▪ Record cash generation: ~$300M mine cash flow in FY25 operating mine cash
Slide 9: Why Evolution?
Why Evolution? $2,647/oz record AISC margin in FY25 For personal use only (~40% higher than peer group)1 increase in group ~3½ fold production2 16% ROI for current assets, all acquired since 2015 18 years Mine life (3-fold) 34% increase in gold Ore Reserves per share3 Executing a consistent strategy
Slide 10: Questions?
For personal use only Questions? 10
Slide 11: For personal use only
For personal use only