Evolution Mining Limited · ASX:EVN
Evolution Mining — BAML Discovery Update (June 2019)
19 slides from Evolution Mining's conference presentation, Jun 3, 2019
Slide 1: Delivering Value Through Discovery
B A N K O F A M E R I C A M E R R I L L LY N C H DELIVERING VALUE THROUGH DISCOVERY For personal use only 3 JUNE 2019 GLEN MASTERMAN - VP DISCOVERY & BUSINESS DEVELOPMENT 1
Slide 2: Clear and Consistent Strategy
CLEAR AND CONSISTENT STRATEGY For personal use only Focused portfolio of 6 – 8 assets Upgrade portfolio asset quality Reduce costs and grow free cash flow per share Extend reserve life Deliver consistent returns to shareholders 2
Slide 3: Our Discovery Strategy
OUR DISCOVERY FY19 Discovery STRATEGY Guidance A$40-55M For personal use only Discovering Evolution’s Future Drummond People Portfolio Social License Project Mt Carlton A$1–2M A$1–2M • Inspiring a collaborative • Balanced pipeline of • Build enduring discovery culture quality projects relationships
Slide 4: Portfolio
PORTFOLIO For personal use only Early Stage Late Stage New ResDef & Development Operating Assets Exploration Exploration Project Studies Projects BD & Project Generation Murchison GRE46 Drummond Ora Banda Cowal E42 Rawdon E41 OP Connors Arc IWS E&W Cowal Ernest Henry Scottish Stage H Cowal UG Archer
Slide 5: Cowal E46
COWAL E46 OP Reserves 140koz For personal use only ▪ Sustainable, reliable, low cost production GRE46 E42 OP Reserves 25koz OP Reserves 3.3Moz UG Resources 1.4Moz ▪ Delivering a pathway to produce OP Resources 4.5Moz Past production 3.3Moz >300kozpa Total endowment 7.8Moz ▪ Exploration success deliv
Slide 6: GRE46 and Dalwhinnie Results
GRE46 AND DALWHINNIE RESULTS 2 kilometres For personal use only Exploration decline 6.0(4.2)@10.1 1535DD342A 10.5(6.8)@11.7 1535DD346 3.2(2.1)@29.1 1.6@58.2 19.0(11.7)@6.7 1535DD348A Stage G 1535DD348A 1535DD324 current surface 10.0(7.8)@9.5 1535DD352A 46.0(27.2)@7.8 2017 1535DD348 2018 11.0(5.2)@6.
Slide 7: Cowal Regional Setting
COWAL REGIONAL SETTING For personal use only ▪ World class gold-copper geologic setting ▪ Large under-explored landholding in the Junee- Narromine Belt of the Macquarie Arc Volcanics ▪ Multiple target styles: ▪ Polymetallic epithermal vein deposits (eg E42, GRE46) ▪ Porphyry copper-gold deposits (al
Slide 8: Ernest Henry
ERNEST HENRY For personal use only ▪ History of reliable operational delivery ▪ Exceptionally high margins 1,200mRL ▪ Evolution’s interest generating free cash flow in excess of A$200M per year ▪ Planned drilling in December 2019 quarter to extend Drilling target mine life below 1,200mRL Current Min
Slide 9: Mungari
MUNGARI For personal use only ▪ Ore Reserves and Mineral Resources provide 10 year base load production platform ▪ Targeting growth through: ▪ High-grade discoveries ▪ Improving plant efficiencies ▪ Regional opportunities ▪ Recently acquired 19.9% interest in Tribune Resources 1. Mungari FY19 produc
Slide 10: Greenfields Exploration
GREENFIELDS EXPLORATION For personal use only Innovating Our Way to Discovery 10
Slide 11: Queensland
QUEENSLAND For personal use only Drummond Project (Evolution earning 80%) ▪ Early-stage epithermal (low-sulphidation) vein project, 520km2 ▪ Similar geologic setting to Pajingo ▪ Out-cropping veins exposed at a high level in the system, positive geochemical responses ▪ Drill-ready targets identified
Slide 12: Connors Arc HyMap Airborne Mapping
CONNORS ARC HYMAP AIRBORNE MAPPING For personal use only MT CARLTON Mineralisation at Mt Carlton developed within magmatic hydrothermal centres. We identify “hot spots” as accumulations of low pH clay. Low pH clay indicators focusing exploration efforts at Connor Arc. Outlines of prospective Permian
Slide 13: Western Australia
WESTERN AUSTRALIA For personal use only Murchison Project (Evolution earning 80%) ▪ 750km2 early-stage orogenic gold project 25km north of Cue ▪ Encompasses extensions of regional shear zones hosting multi-million ounce gold deposits at Big Bell, Cuddingwarra and Mt Magnet ▪ Target areas buried by p
Slide 14: Delivering Organic Growth
DELIVERING ORGANIC GROWTH For personal use only Successfully executing discovery strategy Improving quality and extending reserve life of operating assets Innovating our way to a greenfields discovery 14
Slide 15: Evolution Mining
For personal use only Evolution MIINTINE
Slide 16: Evolution 2018 Gold Mineral Resources
EVOLUTION 2018 GOLD MINERAL RESOURCES For personal use only Group Gold Mineral Resource Statement – December 2018 Gold Measured Indicated Inferred Total Resource Gold Gold Gold Gold Gold Gold Gold Gold CP3 Tonnes Tonnes Tonnes Tonnes Project Type Cut-Off Grade Metal Grade Metal Grade Metal Grade Met
Slide 17: Evolution 2018 Gold Ore Reserves
EVOLUTION 2018 GOLD ORE RESERVES For personal use only Group Gold Ore Reserve Statement – December 2018 Gold Proved Probable Total Reserve Cut- Tonnes Gold Gold Metal Tonnes Gold Gold Metal Tonnes Gold Gold Metal CP3 Project Type Off (Mt) Grade (g/t) (koz) (Mt) Grade (g/t) (koz) (Mt) Grade (g/t) (ko
Slide 18: Evolution 2018 Copper Reserves & Resources
EVOLUTION 2018 COPPER RESERVES & RESOURCES For personal use only Group Copper Mineral Resources Statement Copper Measured Indicated Inferred Total Resource Copper Copper Copper Copper Copper Copper Copper Copper Cut- Tonnes Tonnes Tonnes Tonnes CP3 Project Type Grade Metal Grade Metal Grade Metal Gr
Slide 19: Cowal Dec 2018 Mineral Resources and Ore Reserves
COWAL DEC 2018 MINERAL RESOURCES AND ORE RESERVES EVOLUTION 2017 GOLD ORE RESERVES For personal use only Cowal Gold Mineral Resource Statement - December 2018 Measured Indicated Inferred Total Resource Mineral Resource Tonnes Grade Cont. Metal Au Grade Cont. Metal Au Tonnes Grade Cont. Metal Grade C