Evolution Mining FY24 Guidance Update
GROUP GOLD MINERAL RESOURCES AT 31 DECEMBER 2022
Gold
Measured
Gold
Project
Type
Cut-off
(g/t Au)
Tonnes (Mt)
Grade
Gold
Grade
Indicated
Gold
Inferred
Total Resource
Gold
Gold
Gold
Tonnes
Tonnes
Tonnes
Grade
Metal
Grade
Metal
Gold
Grade
Gold Metal
CP6
(Mt)
(Mt)
(Mt)
(koz)
(g/t)
(g/t)
(g/t)
(koz)
(g/t)
(koz)
(g/t)
Cowal1
Open pit
0.35
29.5
0.46
440
182.9
0.86
5,033
26.5
0.80
682
238.9
0.80
6,155
1
Cowal
UG
1.50
22.0
2.49
1,760
12.4
2.33
925
34.4
2.43
2,685
1
Cowal1
Total
29.5
0.46
440
204.9
1.03
6,793
38.8
1.29
1,607
273.3
1.01
8,840 1
Red Lake³
Total
2.5-3.3
35.7
6.66
7,639
24.8
5.90
4,702
60.4
6.35
12,342 2
Mungari1,4
Open pit
0.31-0.34
53.8
1.08
1,864
24.0
1.16
894
77.8
1.10
2,758 3
Mungari 1,5
UG
1.46-2.44
1.4
4.66
205
9.7
4.28
1,332
8.7
3.74
1,043
19.7
4.07
2,580 3
Mungari¹
Total
1.4
4.66
205
63.5
1.57
3,196
32.7
1.84
1,937
97.5
1.70
5,338 3
Mt Rawdon¹
Total
0.23
5.5
0.30
54
21.0
0.58
389
2.3
0.48
35
28.8
0.52
478
4
Ernest Henry²
Total
26.4
0.78
664
44.0
0.74
1,050
24.4
0.74
579
94.8
0.75
2,292
5
Marsden
Total
0.20
119.8
0.27
1,031
3.1
0.22
22
123.0
0.27
1,053
1
Total
62.8
0.68
1,362
488.9
1.28
20,098
126.1
2.19
8,882
677.8
1.39
30,343
Data is reported to significant figures to reflect appropriate precision and may not sum precisely due to rounding. "UG" denotes underground
Mineral Resources are reported inclusive of Ore Reserves
1. Includes stockpiles
2. Ernest Henry Operations reported Mineral Resources are reported within an interpreted 0.7% Cu mineralised envelope
3. Red Lake Mineral Resource cut-off varies from 2.5g/t Au to 3.3g/t Au and is dependent on deposit and location from surface and processing plant
4. Mungari Open Pit Mineral Resource cut-offs vary from 0.31g/t Au to 0.34g/t Au. The average open pit cut-off is 0.32g/t Au
5. Mungari Underground Mineral Resource cut-offs vary from 1.46g/t Au to 2.44g/t Au per deposit. The average underground cut-off is 1.96g/t Au
6. Group Gold Mineral Resources Competent Person (CP) Notes refer to 1. James Biggam; 2. Jason Krauss; 3. Brad Daddow; 4. Matthew Graham-Ellison; 5. Phil Micale
This information is extracted from the releases titled 'Annual Mineral Resources and Ore Reserves Statement' dated 16 February 2023 and "Mungari Mine Life Extended to 15 Years at 10 to 20% lower AISC" dated 5 June 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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