Investor Presentaiton
NORTHPARKES ORE RESERVES AS AT 31 DECEMBER 2022
Northparkes - Ore Reserves
Probable
Proven
Total Reserves
Contained Metal
Recovery
CMOC 80% Share
Deposit
Tonnes
(Mt)
Copper Gold Silver
Grade Grade Grade
(%) (g/t) (g/t)
Tonnes
(Mt)
Copper Gold Silver
Grade Grade Grade
(%) (g/t) (g/t)
Tonnes
(Mt)
Copper Gold Silver
Grade Grade Grade
(%) (g/t) (g/t)
Tonnes
(Mt)
Copper Gold
Metal Metal
(%) (g/t)
Copper Gold
(%)
Silver
Copper
Metal
Gold
Silver
Metal
Metal
(%)
(%)
(Mt) (Moz) (Moz)
Oxide
Sulphide
4.6
0.33
0.17
0.72
4.6 0.33 0.17 0.72
Total Stockpiles
4.6
0.33
0.17
0.72
0.01 0.03 0.11
4.6 0.33 0.17 0.72 0.01 0.03 0.11
84
79
62
0.01
0.02 0.05
84
79
62
0.01
0.02
0.05
E31N Sulphide
3.6
0.29
0.69
0.82
3.6 0.29 0.69 0.82
0.01 0.08 0.09
87
68
68
0.01 0.04
0.05
E31N Oxide
1.2
0.34
1.1 0.95
1.2
0.34 1.10 0.95
0.04
0.04
18
54
54
-
0.02
0.02
E31 Sulphide
1.7
0.51
0.47
1.86
0.4
0.39
0.29
1.30
2.1 0.49 0.44 1.76 0.01
0.03
0.12
88
82
82
0.01 0.02
0.08
E28NE Sulphide
5.9
0.34
0.28 0.97
5.9 0.34 0.28 0.97 0.02
0.05
0.18
88
82
82
0.01 0.04 0.12
Total Open Cut
12.4
0.35
0.51
1.05
0.4
0.39
0.29
1.30
E22
42.4 0.52
0.39
2.45
42.4
12.8 0.35
0.52
E26
9.8
0.74
0.17
1.94
30.5 0.57
0.07 1.65
40.3
0.50 1.05
0.39 2.45
0.62 0.09
0.04
0.21
0.43
81
71
76
0.03 0.12 0.26
0.22 0.53
3.34
87
73
62
0.15
0.31
1.72 0.25 0.12
2.23
88
73
E48
1.3 0.29
0.05
Total Underground
11.1 0.69
0.15
1.71
72.9
0.55 0.25
Total
28.1 0.48
0.31
1.25
73.2
0.54
0.26
1.3
2.12 84.0
2.11 101.4
0.29 0.05
0.56 0.24 2.06 0.47 0.65
0.53 0.27 1.87 0.53 0.88 6.11
88
76
5.57
87
73
87
73
៩ ៩ ៩ ខ
62 0.17 0.07
1.66
1.11
62
62 0.33 0.38 2.76
63
0.37
0.51
3.08
Data is reported to significant figures to reflect appropriate precision and may not sum precisely due to rounding;
Reported Ore Reserve includes all blocks contained within mine design shapes plus expected dilution from the block caving mining approach. Mine designs have been developed on an equivalent copper (ECU) cutoff grade which takes into account the estimated Au and Cu grades and
associated expected metallurgical recovery within each block;
ECU = ((NSRCU * Cu grade (%) * Cu Recovery) + (NSRAU * Au Grade (g/t) * Au Recovery) / (NSRCu * Cu grade (%) * Cu Recovery)) *Cu Grade (%) where NSRCu is the net smelter return of 1% copper in 1 tonne of ore and NSRAu is the net smelter return of Au of 1g/t Au in 1 tonne of
ore;
Investors should also note that the reporting of resource and reserve estimates for Northparkes ("CMOC's Estimates") are not reported in accordance with the JORC Code 2012. A Competent Person has not done sufficient work to classify CMOC's Estimates as Mineral Resources and
Ore Reserves in accordance with the JORC Code. It is possible that following evaluation and/or further exploration work CMOC's Estimates may materially change and hence will need to be reported afresh under and in accordance with the JORC Code. Nothing has come to Evolution's
attention that causes it to question the accuracy or reliability of CMOC's Estimates, but Evolution has not independently validated CMOC's Estimates and therefore is not to be regarded as reporting, adopting or endorsing those estimates. For more information as to CMOC's Estimate,
please refer to Evolution's ASX announcement entitled "ACQUISITION OF AN 80% INTEREST IN NORTHPARKES COPPER-GOLD MINE AND A$525 MILLION EQUITY RAISING" released 5 December 2023 and available to view at www.evolutionmining.com.au;
Evolution
MINING
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