Slide 1: Current projects and future growth opportunities
Inspired people creating a premier global gold company rsonal use only Current projects and future growth opportunities Nancy Guay – Chief Technical Officer Scott Paddington – General Manager – Projects 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: Long-life portfolio delivering sustainable cash flow and growth opportunities
Long-life portfolio delivering sustainable cash flow and growth opportunities Our portfolio demonstrates three key strengths: rsonal use only Directional EVN gold production1 • Long-life assets: optimised production, cash flow and reserve replacement • Strong cash-generating operations: funding rein
Slide 4: Cowal Gold Operation
Cowal Gold Operation rsonal use only Proven producer. Global Tier 1 potential 4
Slide 5: Cowal: Unlocking value from a Moz+ mining system
Cowal: Unlocking value from a 10 Moz+ mining system Processing Plant rsonal use only Regal OPC North Portal Warraga Portal OPC South Key exploration growth area Dalwhinnie Regal Source Mineral Resource1 Ore Reserve1 Stockpile 0.82 Moz 0.75 Moz Open Pit 6.0 Moz 2.7 Moz Underground 3.4 Moz 1.7 Moz Tot
Slide 6: Cowal: Untapped potential
Cowal: Untapped potential Multiple pathways to drive value – we are studying near-term options to unlock value whilst we maintain optionality on the way to creating a Tier 1 Operation1,2 rsonal use only Strategic drivers • Permitting Asset valuation • Milling capacity • Underground production • Mine
Slide 7: Cowal: A pathway to a Tier asset
Cowal: A pathway to a Tier 1 asset Identifying and unlocking significant long-term value rsonal use only FY27 FY28+ Approvals – Mod 21 – In Progress Approvals – Future Studies Integrated Further Growth Studies Business Parallel Case Studies Evaluating options Options for Expansion Underground Staged
Slide 8: Cowal: Disciplined approach to a Tier asset
Cowal: Disciplined approach to a Tier 1 asset rsonal use only Reinvest to Scale the Realise the Extend the potential Tier 1 unlock growth operation vision runway • Open Pit Continuation • Deliver OPC and • Commission growth • Unlock the mineral district (OPC) project underground options commitments
Slide 9: Northparkes Operation
Northparkes Operation Transforming a stable operation into rsonal use only a major copper growth platform Transforming a stable operation into a major copper growth platform 9
Slide 10: Northparkes: Significant resource base with even more options to explore
Northparkes: Significant resource base with even more options to explore rsonal use only Gold1 Mineral Resource Ore Reserve Stockpiles 0.073 Moz 0.015 Moz Open pit 0.58 Moz 0.055 Moz Underground 2.4 Moz 0.62 Moz Total 3.1 Moz 0.69 Moz Copper1 Mineral Resource Ore Reserve Stockpiles 17 kt 8.2 kt Open
Slide 11: Northparkes: Growth unlocked by accelerating ore source sequencing
Northparkes: Growth unlocked by accelerating ore source sequencing ✓ Integrated Open Pit and Cave production strategy de-risks delivery while maximising asset value rsonal use only Underground Sources1 Tonnage (Mt) Cu Grade (%) Au Grade (g/t) Status MR / OR Growth scenario E26 L1N 25 0.53 0.06 In pr
Slide 12: Northparkes: Building confidence in the growth pipeline
Northparkes: Building confidence in the growth pipeline Expansion Study1 E44 (off page) • Aims to unlock long-term value via rsonal use only increased processing scale • Includes: • Pre-Feasibility studies on the MJH block cave and E44, Major Tom and E51 open pits • Concept studies on three block ca
Slide 13: Northparkes: Pathway to long-term copper growth
Northparkes: Pathway to long-term copper growth rsonal use only Develop and Construct and Long life cost assess expand efficient • E26L1N production supported by • Investment decision Expansion • Operation now in Block Caving E48 SLC, E28 NE pit and sequence stockpile inclusion • Unlock Open Pit Val
Slide 14: Ernest Henry Operation
Ernest Henry Operation Strong cash flow and enduring value rsonal use only 14
Slide 15: Ernest Henry: A premier asset with decades of value ahead
Ernest Henry: A premier asset with decades of value ahead Context • >25 years of operation rsonal use only • Stable UG production since 2012 • Full acquisition completed in Jan-22 • Exceptional resource growth since acquisition From past to present • Transitional state from stable SLC • Adoption of
Slide 16: Ernest Henry: Multi-decade cash generation and near-term growth
Ernest Henry: Multi-decade cash generation and near-term growth Strategic Capacity Steady state rsonal use only reinvestment realisation • Continuation of a consistent • Value enhancement from efficient • Establishing a new mining sub-level caving baseload trucking system horizon • Establish Bert as
Slide 17: Investor briefing – current projects update
Inspired people creating a premier global gold company rsonal use only Investor briefing – current projects update Scott Paddington – General Manager – Projects 15 September 2026
Slide 18: Projects in execution
Projects in execution rsonal use only Cowal Open Pit Continuation IR to add green circle Northparkes E22 Block Cave with white ticks for each one Northparkes Coarse Particle Floatation Ernest Henry Bert 18
Slide 19: Open Pit Continuation project
Open Pit Continuation project Open Pit Continuation North Lake Protection Bund Project status ✓ On track rsonal use only E46 Capital $430M Commenced FY25 Q4 First Ore E46 FY26 May 2025 – Pre-North Lake Protection Bund August 2026 - North Lake Protection Bund & E46 Inventory E46, E41 & GR pits E46 Ex
Slide 20: E22 block cave project
E22 block cave project E22 block cave Project status ✓ On track rsonal use only Capital $545M (EVN share) Commenced FY26 Q3 First Ore End FY30 (9-year life) Objective Next major ore source March 2026 August 2026 Execution: • E22 twin decline (materials handling and ventilation) E22 Box cut E48 • LOM
Slide 21: Near-term recovery and throughput uplift
Near-term recovery and throughput uplift Coarse Particle Flotation rsonal use only Project status ✓ On track Capital $75M (EVN share) Commenced FY26 Q3 Production FY28 H2 Objective Recovery uplift ~2% Cu & Au Enables throughput to 8Mtpa Execution: July 2026 – NPO mil (CPF shaded) CPF - Cyclones & Hy
Slide 22: Bert project – growth from FY29
Bert project – growth from FY29 Bert Project status ✓ On track rsonal use only Capital $160M Commenced FY26 Q3 Portal First Ore FY29 (7-year life) Objective Unlocks latent mill capacity Execution: • Bert portal and decline • Ventilation and electrical systems • Cemented hydraulic fill plant and bore
Slide 23: Appendix
rsonal use only Appendix
Slide 24: 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 25: Northparkes detailed Mineral Resource & Ore Reserve
Northparkes detailed Mineral Resource & Ore Reserve1 Mineral Resources as at 31 December Measured Resources Indicated Resources Inferred Resources Total Resources 2025 rsonal use only Cu Cu Au Cu Au Cu Au Cu Au Cu Au Cut off Tonnage Au Grade Cu Metal Au Metal Tonnage Cu Metal Au Metal Tonnage Tonnag
Slide 26: 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 27: 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 28: 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 29: 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 30: rsonal use only
ersonal use only Evolution MINING