Evolution Mining FY24 Guidance Update
FY24 GUIDANCE:
CAPITAL
Sustaining Capital
Consistent run-rate for asset mine life
190-230
FY24 Capital Guidance ($M)
325-350
Major Project Capital
125-140
Mungari
Sustaining capital
Major mine development
Major project capital
Mill expansion
$75 - $80M
Satellite Mine infrastructure
$25 - $30M
Cowal
Underground project
$25 - $30M
FY24
Guidance
IWL
$40 - $45M
Sustaining
Capital¹
Open pit continuation study
~$5M
Group
Cowal
Ernest Henry
Feasibility study
Extension drilling
Tailing Storage Buttress
-$10M
~$7.5M
$15 - $20M
Ernest Henry
Red Lake
$190 - $230M
$40 - $50M
$55 - $62.5M
Major Mine
Development²
$125 - $140M
~$5M
Major Project
Capital³
$325 – $350M
$85 - $90M
$45 - $55M
Mungari
$45 - $52.5M
$45 - $50M
$60 - $65M
$15 - $20M
$45 - $50M
$85-$90M
$110 - $120M
Red Lake
Mt Rawdon
Corporate
$5 - $7.5M
$0 - $2.5M
Upper Campbell mine
$70-$80M
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Sustaining capital relates to investment to maintain ongoing production per World Gold Council (WGC) guidelines
Long term mine development comprises costs incurred to establish access to ore bodies over long term
Major project capital includes expenditure to establish new assets or a material change in production rate as per WGC
Evolution
MINING
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