Investor Presentaiton
GROUP RESOURCES & RESERVES AT 31 DECEMBER 2022
(WITH ERNEST HENRY JUNE 2023 ORE RESERVE AND MINERAL RESOURCE UPDATES)
Group Mineral Resource – contained copper
Copper
Measured
Indicated
Inferred
Total Resource
CP3
Project
Type
Cut-off
Tonnes
(Mt)
Copper Copper
Grade (%) Metal (kt)
Tonnes
(Mt)
Copper
Grade (%)
Copper
Tonnes
Copper
Copper
Tonnes
Copper
Copper
Metal (kt)
(Mt)
Grade (%)
Metal (kt)
(Mt)
Grade (%)
Metal (kt)
Marsden
Ernest Henry 1,2
Total
Total
0.2g/t Au
119.8
0.46
553
3.1
0.24
7
123.0
0.46
560
1
0.7% Cu
35.0
1.31
458
35.0
1.29
450
31.5
1.15
363
101.5
1.25
1,271
2
Total
35.0
1.31
458
154.8
0.65
1,003
34.6
1.07
370
224.4
0.82
1,831
Data is reported to significant figures to reflect appropriate precision and may not sum precisely due to rounding
1. Ernest Henry Operations reported Mineral Resources are reported within an interpreted 0.7% Cu mineralised envelope
2. Ernest Henry reported Mineral Resource estimate is depleted to 30 June 2023
3. Group Mineral Resources Competent Person (CP) Notes refer to: 1. James Biggam; 2. Phil Micale
Group Ore Reserve - contained copper
Copper
Proved
Probable
Total Reserve
Project
Type
Cut-Off
Tonnes
(Mt)
Copper
Grade (%)
Copper
Metal (kt)
Tonnes
Copper
Copper
Tonnes
Copper Grade
Copper
(Mt)
Grade (%)
Metal (kt)
(Mt)
(%)
Metal (kt)
Marsden
Total
0.3g/t Au
65.2
0.57
371
65.2
0.57
371
Ernest Henry3,4
Total
0.50-0.75% CuEq
Total
26.5
26.5
1.08
1.08
287
50.9
0.59
302
77.4
0.76
589
287
116.1
0.58
673
142.6
0.67
960
CP5
1 2
Data is reported to significant figures to reflect appropriate precision and may not sum precisely due to rounding
3. Ernest Henry reported Ore Reserve estimate is based on the December 2022 Mineral Resource detailed in the ASX Release titled "Annual Mineral Resources and Ore Reserves Statement" dated 16 Feb 2023 and available to view at www.evolutionmining.com.au. The applied flow
model cut-off grades of 0.50 % and 0.75% copper equivalent ('CuEq') are determined through an economic evaluation process which considers the Net Smelter Return (NSR) and operating costs. The utilised copper equivalent equation is: CuEq = Cu + Au NSR/56.4 where; Au NSR =
38.5 Au 0.04
4. Ernest Henry reported Ore Reserve estimate is depleted to 30 June 2023
5. Group Ore Reserve Competent Person (CP) Notes refer to: 1. Anton Kruger; 2. Michael Corbett
This information is extracted from the releases titled 'Annual Mineral Resources and Ore Reserves Statement' dated 16 February 2023,, "Ernest Henry Mine Life Extended to 2040 and Ore Reserves Doubled" dated 5 June 2023 and "Further Increase in Ernest Henry Mineral Resource"
dated 17 August 2023 available to view at www.evolutionmining.com.au. The Company confirms that it is not aware of any new information or data that materially affects the information included in the release and that all material assumptions and parameters underpinning the estimates
in the release continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Persons' findings are presented have not been materially modified from the Reports
Evolution
MINING
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