Evolution Mining FY24 Guidance Update slide image

Evolution Mining FY24 Guidance Update

COWAL - CORNERSTONE ASSET Evolution MINING June 2015 June 2023 Ore Reserves 1.6Moz 4.3Moz¹ Mineral Resources 3.4Moz 8.8Moz¹ Mine life 2024 2040 Cowal Sydney Plant capacity 7.2Mtpa ~9.0Mtpa Sustainable, reliable, low-cost production Gold production 1.7Moz³ Operating cash flow Net cash flow² $1.8B3 $841M3 Cowal Gold Production 227,105oz 275,000 +/- 5% 320,000 +/- 5% Successfully delivered the major capital project – Underground mine - on time, on budget and safely ■ Continued growth opportunities from higher grade underground ore body which remains open Open pit continuation project (OPC) provides a long- term production base Underground production supporting 15% increase to 320,000oz in FY24 ■ Cowal now positioned to be a significant cash flow generator post completion of major project spend FY22 FY23* FY24* 1. See the Appendix of this presentation for further information on Cowal's Mineral Resources and Ore Reserves as at December 2022 2. Post all capital and exploration 3. Cumulative as at 31 March 2023 1 Mungari 2 Ernest Henry 3 Red Lake 4 Cowal 24 24
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