Evolution Mining FY24 Guidance Update
RED LAKE A CORNERSTONE ASSET
EARNING THE RIGHT TO GROW
Transforming to a cornerstone asset
Acquired in 2020
Strategy consistent with the Evolution playbook
Reasons for patient optimism
■ World class district
Geological endowment ~12Moz in Mineral
Resource1
■ Grade reconciliation aligns to geology
Focus on delivery, free cash flow and margin
1. Information on the Red Lake Mineral Resource is provided in the Appendix of this presentation
2. Gold equivalent calculation for Ernest Henry Ore Reserve: CuEq = Cu + Au NSR/56.4 where; Au NSR = 38.5 * Au - 0.04
3. Gold equivalent calculation for Ernest Henry Mineral Resource: CuEq = Cu + Au NSR/83.2 where; Au NSR = 53.0 * Au -0.06
Evolution
MINING
1
Red Lake
2
Mungari
Red Lake
Ernest Henry
Mt Rawdon
Mungari
3
Ernest Henry
4+
Cowal
Bubble size based on ounces
Ore Reserves (Moz)2
Mineral Resources (Moz)³
Cowal
11View entire presentation