Evolution Mining FY24 Guidance Update

MILL EXPANSION UNLOCKS SIGNIFICANT VALUE Key Design Criteria Throughput - 4.2Mtpa Gravity Recovery - ~50% Total Recovery - 93% 257000 A આ મ SAG MILL FEED CONVEYOR - Mungari Mill expansion – key enabler for region Conventional Crush and Grind circuit, with conventional technologies Metallurgical testing completed - outcomes favourable. ■ Mill capacity to double processing unit cost reduced -30% Mungari Mill expansion key metrics1: Extends life to 15 years at average production of ~155kozpa Average AISC $1,750/oz with $1,215/oz margin at spot Incremental NPV of $260M at $2,400/oz and $600M at spot Incremental IRR 19% at $2,400/oz & 28% at spot price Short payback of 3 years & 1½ years at spot price FS approved Engineering and procurement FY23 FY24 FY24 FY25 FY25 FY26 FY26 H2 H1 H2 H1 H2 H1 H2 Evolution 1 Red Lake 2 Mungari MINING 3 Plant construction Commissioning and ramp up 1. See ASX release titled "Mungari Mine Life Extended 15 years at 18% lower AISC and higher production" dated 5 June 2023 for information on the Future Growth Project Feasibility Study available to view at www.evolutionmining.com.au Ernest Henry 4 Cowal 14

View entire presentation