Evolution Mining FY24 Guidance Update
PERFORMANCE SUPPORTS INVESTMENT IN EXTENSION
20.95
Ernest Henry production outcomes
0
Weather event
impacted
-500
-1,000
-1,500
23.88
21.09
21.34
21.75
20.66
17.83
13.19
-2,000
-2,500
-3,000
-3,500
-4,000
Q4 FY21 Q1 FY22 Q2 FY22
Q3 FY22 Q4 FY22
Au production (koz)
Q1 FY23
AISC ($/oz)
Q2 FY23 Q3 FY23
AISC ($/oz)
1. 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
Resuming normal operations
On track to normal operation by end of June
Reserve update - Gold and copper metal doubled
■ Ore Reserve contained Copper up ~103% to
~589kt1
■ Ore Reserve contained Gold up -124% to
~1,109koz1
Further significant drilling and conversion planned
■ Ore Reserve update builds on 2022 Mineral
Resource
Stable production and cashflow track record with
mature workforce and leadership
Pre-Feasibility Study completed
■ Mine life extended to 2040
Main execution capital not needed until FY27-28
■ Additional Mineral Resource growth potential
outside PFS 'footprint'
Evolution
MINING
1
Red Lake
2
Mungari
3
Ernest Henry
4
Cowal
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