Evolution Mining FY24 Guidance Update

PRE-FEASIBILITY KEY ATTRIBUTES Completed mining Pre-feasibility study design Available December 2022 Mineral Resource 1650 RL Pre-feasibility ore body 1175 RL 750 RL Proposed crusher location (800 RL) MAIN OREBODY ERNIE JUNIOR ■ NPV of ~$690M for extension1 Capex ~$450M - $500M Infrastructure and mine development ■ Not yet committed and majority spend in FY27-28 ■ Crush and convey provides greatest optionality ■ ~56Mt additional ore tonnes milled ■ ~609koz of additional gold produced ■ ~343kt of additional copper produced ■ Substantial additional Mineral Resource expected to be included in the Feasibility Study 1. See ASX release titled "Ernest Henry Mine Extended to 2040 - Ore Reserves Doubled" dated 5 June 2023 for information on the Mine Extension Pre-feasibility Study available to view at www.evolutionmining.com.au Evolution 1 Red Lake 2 Mungari 3 Ernest Henry 4 Cowal MINING 20 20

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