Evolution Mining FY24 Guidance Update
FOUNDATIONS ESTABLISHED OVER PAST 2 YEARS
Operational life =
Reserves or Project Inventory / March Qtr annualised production
AISC ($/oz)
$2,600
$2,400
$2,200
$2,000
Harmonised working structures
Standardised renumeration
Operational stability: Quarter on Quarter delivery
0 1
2 3 4 5
6 7
Agnew
8
9 10 11 12 13 14 15 16 17 18 19 20
Mungari (Current)
Darlot / KotH
Duketon
Granny Smith
Mungari (Future)
$1,800
$1,600
Gruyere
St Ives
$1,400
$1,200
Scale of production
Comparable mill throughput
600
500
400
300
200
100
0
Sept FY21
Dec FY21
Mar FY21
Mungari production outcomes
Kundana transaction
Jun FY21
Sept FY22
Dec FY22
Mar FY22
Jun FY22
Sept FY23
Dec FY23
Mar FY23
4.0
3.5
3.0
2.5
2.0
1.5
1.0
0.5
0.0
AISC ($k/oz) and grade (g/t)
Gaining operational synergies
Successful integration: 3 distinct operations into 1
Mungari, Kundana and EKJV now unified
Grade lifted as planned
Regional consolidation: Significant mineral endowment
Key opportunity identified delivered
Reserve & Resources increased almost 2 fold
Regional Resource endowment now ~5Moz
Favourable benchmarking: Leader in the region to peers
Compares well with peer group in Eastern goldfields
Bottom quartile AISC and long life vs regional peers
Earned the right: Now is the time to realise full returns
Mungari has earnt the right for investment
Feasibility Study outcomes are compelling
Tonnes (kt)
Evolution
MINING
UG tonnes processed
1
OP tonnes processed
AISC (k$/oz)
Red Lake
2
Processed grade
Mungari
3
Ernest Henry
4
Cowal
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