Evolution Mining FY24 Guidance Update
DOUBLING OF ORE RESERVE
December 2022
June 2023 Total
Change
Ore Reserve
Ore Tonnes (Mt)
Cu Metal (kt)
Cu Grade (%)
Au Metal (koz)
Au Grade (g/t)
34.3
290
0.85
495
0.45
77.4
589
0.76
1,109
0.45
126%
103%
-10%
124%
Mineral Resource
Ore Tonnes (Mt)
Cu Metal (kt)
Cu Grade (%)
Au Metal (koz)
Au Grade (g/t)
December 2022
94.8
1,207
1.27
2,292
0.75
An updated Mineral Resource expected to be completed in the September 2023 quarter. This will incorporate new drill data which
is expected to increase grade towards the December 2022 Ore Reserve level
Pre-Feasibility Study utilised the December 2022 Mineral Resource
Grade of the cave is expected to remain within the range of the current mine grade
Drilling and studies on additional ore sources will provide an opportunity to maintain grade, tonnage and current throughput rates
Note: See the Appendix of this presentation and ASX release titled "Ernest Henry Mine Extended to 2040 and Ore Reserves Doubled" dated 5 June 2023 and "Annual Mineral Resources and Ore Reserves Statement" dated 16 February 2023 for
information on the Ernest Henry Mineral Resources and Ore Reserves available to view at www.evolutionmining.com.au. Ernest Henry Mineral Resources are reported within an interpreted 0.7% Cu mineralised envelope
Evolution
MINING
1
Red Lake
2
Mungari
3
Ernest Henry
4
Cowal
19View entire presentation