Investor Presentaiton

STRUCTURE AND STREAM OVERVIEW Key terms Stream Triple Flag Stream CMOC entered into a Stream agreement in 2020 with Triple Flag Triple Flag to make ongoing payments equal to 10% of spot metal price delivered Evolution will assume CMOC's obligations under the Triple Flag Stream Agreement as part of the Transaction Stage 1 - up to 630koz (38koz of Au delivered to date 1,2) ■ 67.5% of gold and 100% of silver production attributable to Evolution Stage 2-LOM post Stage 1 33.75% of gold and 50% of silver production attributable to Evolution Evolution reporting Stream liability will be fair valued on the balance sheet³ as part of acquisition based on outstanding commitment of ounces at a long term gold price A$2,650/oz Evolution share of Northparkes' production, sales and costs to be reported per other assets Gold sales will comprise 39% at spot price and 61% at the fair value price5 Stream liability will be amortised to the P&L (based on the production/sales ounces), with a corresponding tax depreciation claimed for the market value of 80% of the mine acquired Evolution 80% MINING Product flow (Stage 1 only) Structure Sumitomo Metal Mining 13.3% Sumitomo Group Sumitomo Corporation 6.7% Northparkes UJV (100%) Northparkes Mine 80% 20% Cu Au Ag Cu Au Ag 100% 32.5% Au Cu Au 67.5%4 Ag 100%4 I Evolution Triple Flag Stream Sumitomo Group 1. 2. 3. CMOC delivery based on Triple Flag's September 2023 quarterly report, since inception of the stream in July 2020 to 30 September 2023 Represents 6% of the "Stage 1" cap of 630koz Au, before the step down in the stream percentage from 67.5% of CMOC's share of payable gold production to 32.5% Tax depreciation for the market value of the 80% of the mine acquired 4. Represented "Stage 1" of the stream only Evolution 5. 61% fair value reflects 67.5% of gold sold at 10% of the spot price, with the remainder (39%) unincumbered MINING 15 I

View entire presentation