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EVOLUTION MINING LIMITED Interim / Quarterly Report 2013

Apr 22, 2013

64885_rns_2013-04-22_6feb4f71-43c7-4e4d-8f68-0d3d86187a6a.pdf

Interim / Quarterly Report

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Quarterly Results March 2013

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Disclaimer

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  • This presentation has been prepared by Evolution Mining Limited (“Evolution Mining”) and consists of slides for a presentation concerning the company. By reviewing/attending this presentation, you acknowledge and agree the following.

  • This presentation includes forward-looking statements. Forward-looking statements inherently involve subjective judgement and analysis and are subject to a number of risks, uncertainties, contingencies and other factors, many of which are outside the control of, and may be unknown to, Evolution Mining. As such, actual results or performance may vary materially from those expressed or implied by forward-looking statements. The types of factors that could cause such variation in actual results or performance include (without limitation) commodity prices, operational problems and general economic conditions. Given these factors, undue reliance should not be placed on forward-looking statements, which speak only as at the date of this presentation. Subject to any continuing obligations under applicable law or any relevant stock exchange listing rules, Evolution Mining does not undertake any obligation to publicly update or revise any forwardlooking statements contained in this presentation, including (without limitation) where Evolution Mining’s expectations change in relation to such statements and where there is a change in events, conditions or circumstances providing the basis for any such statement.

  • No representation or warranty, express or implied, is made as to the accuracy, completeness, reliability, fairness or correctness of the information contained in this presentation. To the maximum extent permitted by law, Evolution Mining and its related bodies corporate and affiliates, and each of their respective directors, officers, employees, agents and representatives, disclaim any liability or responsibility for loss or damage arising from or in connection with the use of the information contained in this presentation.

2

March Quarter Highlights

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Production and cost guidance remains unchanged

  • Gold production of 84,251oz @ A$918/oz Au. Over 100,000oz expected Jun qtr 2013

  • FY13 guidance confirmed at 370,000-410,000oz AuEq @ A$730-A$790/oz

  • Mt Carlton successfully commissioned and commenced production

Group Mineral Resources and Ore Reserves increased

  • Resources increased 0.7Moz to 7.7Moz AuEq, a 10% increase (post depletion)

  • Reserves increased 0.2Moz to 3.6Moz AuEq, a 7% increase (post depletion)

  • Pajingo UG reserve ounces increased by 85% and average grade increased by 14% (from 5.6g/t to 6.4g/t Au)

Exciting new exploration success

  • Best ever intercept drilled at Mt Rawdon returning 35m @ 24.2g/t Au (uncut) from 322m outside current planned pit limits

  • Lynne vein discovered at Pajingo in the Moonlight area – best intersection of 74m @ 2.57g/t Au

Strong financial position

  • Corporate debt under the Company’s revolving credit facility of A$106.8 million with available credit of A$93.2 million. Cash in bank as at 31 March 2013 was A$7.4 million

  • Gold hedging of 152,171oz at a flat forward price of A$1,573/oz

3

March Quarter Production

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Consolidated
Production Summary
Units Mar
Quarter
2013
Dec
Quarter
2012
Sep
Quarter
2012
Year to
Date
FY13
Gold produced oz 84,251 101,663 94,446 280,361
Silver produced oz 62,024 84,747 79,743 226,514
C1 Cash Cost2 A$/oz 918 764 732 800
Total Cost3 A$/oz 1,427 1,241 1,135 1,261
Gold sold oz 84,357 103,258 90,960 278,575
Achieved gold price A$/oz 1,573 1,646 1,613 1,613
Silver sold oz 62,024 84,747 79,743 226,514
Achieved silver price A$/oz 29 31 30 30
  1. Mt Carlton A39 silver production reported as gold equivalent using a gold to silver ratio of 1:55.3

  2. Before royalties and after silver credits

  3. Includes C1 cash costs, depreciation, amortisation, royalties and other expenses

4

Operations

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Cracow

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  • Gold production of 24,572oz (28,574oz)

  • Cash cost of A$955/oz; (A$861/oz) – expected to reduce in the June quarter

  • LTI free for a second consecutive quarter

  • Changing to owner mining 1 July 2013 – cost benefit of about A$50/oz expected

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140,000 $955 1,000
$849 $861
120,000
800
100,000 $657
80,000 76,350oz 78,896oz 600
60,000
400
40,000
28,574oz
24,572oz
200
20,000
0 0
Jul-Mar Jul-Mar Dec Qtr March Qtr
FY12 FY13 2012 2013
Production Cash Costs
Cost A$/oz
Production (oz)
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Jumbo development at Cracow
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6

Pajingo

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 Gold production of 22,559oz (24,340oz)

  • High grade material mined from Sonia orebody as well as Zed West, Faith and Eva; 88,000t @ 6.13g/t gold

  • Cash operating cost of A$795/oz (A$695/oz) due predominantly to lower processed grade

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120,000
$799 $795
100,000 800
$711 $695
80,000
600
62,550oz
57,411oz
60,000
400
40,000
24,340oz 22,559oz
200
20,000
0 0
Jul-Mar Jul-Mar Dec Qtr March Qtr
FY12 FY13 2012 2013
Production Cash Costs
Cost A$/oz
Production (oz)
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Venue Pit – February 2013
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7

Edna May

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 Gold production of 18,857oz (22,763oz)

  • Cash costs increased to A$1,063 (A$838/oz) – larger mining fleet will see unit rate reductions realised in the June quarter

  • Secondary crusher trials continued with major trial planned for June quarter

  • LTI free for March quarter

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Edna May Pit at 31 March 2013: Stage 1 (base of pit)
and Stage 2 (surface)
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120,000 1,200
$1,063
100,000 1,000
$906
$868
$838
80,000 800
67,545oz
60,000 53,401oz 600
40,000 400
22,763oz
18,857oz
20,000 200
0 0
Jul-Mar Jul-Mar Dec Qtr March Qtr
FY12 FY13 2012 2013
Production Cash Costs
Cost A$/oz
Production (oz)
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8

Mt Rawdon

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  • Gold production of 17,817oz (25,986oz) impacted by Cyclone Oswald and further heavy rainfall in February and March

  • Cash cost of A$891/oz (A$658/oz) due to lower gold production

  • LTI free for quarter. 12 month LTIFR moving average reduced to 0.0

  • Dewatering is on track to provide high-grade ore supply in June quarter

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120,000 $891
$851
100,000 800
$688 $658
80,000
70,924oz 600
62,669oz
60,000
400
40,000
25,986oz
200
17,817oz
20,000
0 0
Jul-Mar Jul-Mar Dec Qtr March Qtr
FY12 FY13 2012 2013
Production Cash Costs
Cost A$/oz
Production (oz)
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Mt Rawdon Pit at 31 March 2013 As at 22 April, the pit was almost completely dewatered.

9

Mt Carlton

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  • Mt Carlton opened on 10 April 2013 by Queensland Premier Campbell Newman

  • Currently in ramp-up stage and full capacity expected in September 2013 quarter

  • First concentrate shipment to Humon Smelting Co is planned for May 2013

  • Due to benefit of accelerated strip; fleet size will be reduced in September reducing outlays by A$20M per year

Commemorative plaque unveiled by Queensland Premier Campbell Newman and Jake Klein (Evolution Executive Chairman) at Mt Carlton mine opening

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Bagged silver concentrate in Townsville warehouse
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10

Exploration

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Resource and Reserve Update

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  • Mineral Resource and Ore Reserve estimates were updated for all exploration and resource definition drilling to 31 December 2012

  • Group Mineral Resources increased 10% to 7.7Moz AuEq. (after mining depletion)*

  • Group Ore Reserves increased 7% to 3.6Moz AuEq. (after mining depletion)*

  • Notable increase in resource confidence with significant increase in Measured and Indicated Resources

  • Significant increase in Pajingo underground reserve - contained ounces increased by 85% and average grade increased by 14% (from 5.6g/t to 6.4g/t Au)

– Group Mineral Resources Comparison June 2012 to December 2012

Operation Jun. 2012 Dec. 2012 Abs. Change Rel. Change
%
Gold/Gold Equiv. Metal(koz)
Cracow 768 842 73 10%
Pajingo 900 1,306 406 45%
Mt Rawdon 1,194 1,288 94 8%
Mt Carlton 2,193 2,214 21 1%
Edna May 1,542 1,643 101 7%
Twin Hills 399 399 0 0%
Total 6,996 7,691 695 10%
  • See Appendix for full details and Competent Person statement

12

Mt Rawdon

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  • Resource definition drilling during the quarter intersected new high-grade mineralisation beneath the planned open pit.

  • Drill hole MTRRCD23 returned an exceptional intersection of 35m grading 24.2g/t Au (uncut) from 322m – better than any previous drill result at Mt Rawdon.

  • The result was confirmed by re-assay of pulps however holes drilled as wedges off MTRRCD23 have not replicated the very high-grade intersection of MTRRCD23.

  • Significant intercepts (uncut) returned to date include:

  • 35m @ 24.2g/t Au from 322m including 23m @ 36.4g/t Au from 322m in hole MTRRCD23

  • 40m @ 2.63g/t Au from 345m including 6m @ 12.1g/t Au from 355m in hole MTRRCD23-W1

  • 17m @ 0.94g/t Au from 365m in hole MTRRCD23-W2

  • 14m @ 1.04g/t Au from 372m in hole MTRRCD23-W3

  • 37m @ 2.07g/t Au from 472m in hole MTRRCD25 – this hole has been extended

  • 6m @ 0.61g/t Au from 308m in hole MTRRCD27

  • 16m @ 1.33g/t Au from 379m in hole MTRRCD28

  • The deeper-than-expected position of the high grade in MTRRCD25 gives encouragement that a possible high-grade feeder to the main mineralisation may exist. This target is considered a high priority and further drilling is underway.

  • Hole MTRRCD25 has been extended a further 80m and has intersected intense alteration, silicification and high % sulphides.

Note: Wedge holes denominated by the W1, W2 and W3 suffix to hole name

13

Pajingo

  • New discovery at Moonlight area – Lynne Vein

  • 20.9m @ 5.99g/t Au (etw 11.8m) from 397m including:

    • 5.1m @ 9.42g/t Au; and

    • 4.8m @ 11.47g/t Au (in JMRD3925)

  • 74m @ 2.57g/t Au from 391m including:

    • 2.5m @13.0g/t Au

    • 11m @ 6.75g/t Au

    • 2.8m @ 4.72g/t Au; and

    • 3m @7.74g/t (in JMRD3920)

  • Regional exploration:

  • Stephanie-Lynne trend

  • Pajingo East

  • 4D data integration

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14

Pajingo

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 New discovery at Moonlight area – Lynne Vein

Lynne longitudinal section looking north (mine grid) showing drill hole pierce points and significant assays (down-hole widths)

15

Mt Carlton

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5km
Au > 17 ppb
Surface Soil Anomalies Mt Carlton Region
Ag > 0.25 ppm
Mo > 1.2 ppm
Multi element soil geochemistry survey
area
Multi element soil geochemistry
survey area completed Feb 2013
Aeromagnetic Survey
Mining Lease
Outcropping argillic alteration
Scale
0 5km
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Ternary Au-Ag-Mo plot shows:
Au-Ag dominant
Mo-Au dominant
Mo dominant and
Au-Ag-Mo mineral systems
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16

Corporate

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Financial Performance

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  • Total revenue of A$134.4M (A$172.6M) derived from gold sales of 84,357oz sold at an average price of A$1,573/oz and 62,000oz of byproduct silver sold at A$29/oz

  • Gold hedge book at 31 Mar 2013 – 152,171oz at flat forward price A$1,573/oz

  • Group cash operating costs (C1) of A$77.3M in total or A$918/oz. All-in cash cost of A$1,353/oz

  • Cash in bank of A$7.4M at 31 Mar 2013 and debt drawn of A$106.8M

  • Cash inflow of A$75.4M consisting of A$50.4M from operations and A$25M from debt drawdown

  • Cash outflow A$117M on capital expenditure, exploration, corporate expenses and working capital

18

Outlook

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Outlook

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  • FY13 guidance confirmed:

370,000 – 410,000oz AuEq at A$730 – A$790/oz

  • In excess of 100,000oz production expected in June quarter

  • Exciting exploration drilling continuing at Mt Rawdon and Pajingo

  • Cost reduction initiatives implemented and will have an impact going forward

  • Well capitalised operations – providing optionality to respond to recent gold price volatility

The new, leading Australian gold producer We Say, We Do, We Deliver

20

Evolution Mining ASX Code: EVN

www.evolutionmining.com.au

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Appendix – March Qtr 2013 Production Summary Appendix – March Qtr 2013 Production Summary Appendix – March Qtr 2013 Production Summary Appendix – March Qtr 2013 Production Summary Appendix – March Qtr 2013 Production Summary Appendix – March Qtr 2013 Production Summary Appendix – March Qtr 2013 Production Summary Appendix – March Qtr 2013 Production Summary
March 2013 Quarter Units Cracow Pajingo Edna May Mt Rawdon Mt Carlton1 Total / Average
UG lateral development - capital m 804 986 - - - 1,790
UG development - operating m 1,212 475 - - - 1,687
Total UG lateral development m 2,016 1,461 - - - 3,477
UG ore mined kt 124 88 - - - 211
UGgrade mined g/t 5.84 6.13 0.00 0.00 0.00 5.96
OP capital waste kt 0 0 982 3,916 1,684 6,582
OP operatingwaste kt 0 1,434 965 52 503 2,954
OP ore mined kt 0 153 593 392 170 1,309
OPgrade mined2 g/t 0.00 2.20 0.93 1.19 2.59 1.37
Total ore mined kt 124 241 593 392 170 1,520
Total tonnesprocessed kt 125 176 628 729 6 1,664
Gradeprocessed2 g/t 6.49 4.17 1.03 0.83 4.31 1.70
Gold recovery % 94 96 91 91 69 93
Goldproduced2 oz 24,572 22,559 18,857 17,817 445 84,251
Silverproduced oz 16,523 18,493 6,115 20,893 - 62,024
Gold sold oz 25,328 20,729 18,856 19,444 - 84,357
Achievedgoldprice A$/oz 1,573 1,570 1,576 1,574 - 1,573
Cost Summary
Mining A$/oz 647 677 425 122 - 491
Processing A$/oz 191 245 655 525 - 379
Administration and sellingcosts A$/oz 100 112 141 106 - 113
Deferred waste and stockpile adjustments A$/oz 35 (216) (149) 173 - (44)
By-product credits A$/oz (19) (24) (9) (34) - (21)
C1 Cash Cost A$/oz 955 795 1,063 891 - 918
Royalties A$/oz 82 82 72 88 - 81
Other3 8 17 0 47 - 17
Depreciation & Amortisation – Acquisition4 A$/oz 63 75 0 101 - 60
Depreciation & Amortisation – Operations5 A$/oz 339 538 201 301 - 352
Total Cost A$/oz 1,446 1,508 1,337 1,428 - 1,427
  1. Mt Carlton yet to achieve commercial production

  2. Gold and Mt Carlton A39 silver as gold equivalent using a gold to silver ratio of 1:55.3 3. Price related inventory adjustment for stockpiles held at net realisable value

  3. Depreciation & Amortisation - Acquisition, represents the depreciation and amortisation on the fair value uplift of asset values due to business combinations

  4. Depreciation & Amortisation - Operations, represents the depreciation and amortisation on book value of asset and where applicable, the estimated cost of future mine development

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Appendix – Mineral Resource Statement 31 Dec 2012

Gold Gold Gold Measured Measured Measured Indicated Indicated Indicated Inferred Inferred Inferred Total Resource Total Resource Total Resource
Project Type Cut-Off Tonnes
(Mt)
Gold Grade
(g/t)

Gold Metal
(koz)
Tonnes
(Mt)
Gold Grade
(g/t)

Gold Metal
(koz)
Tonnes
(Mt)
Gold Grade
(g/t)

Gold Metal
(koz)
Tonnes
(Mt)
Gold Grade
(g/t)

Gold Metal
(koz)
Pajingo Open-Pit 0.5 0.01
3.6
1 0.17 5.0 28 0.32 1.2 12 0.51
2.6
42
Pajingo1 Underground 2.5 1.14
8.4
306 3.27 5.9 621 2.06 5.1 337 6.46
6.1
1,264
Cracow1 Underground 2.3 0.28
8.6
79 1.11 7.7 275 2.90 5.2 488 4.29
6.1
842
Edna May1 Open-Pit 0.4 21.1
0.9
629 16.5 1.0 514 8.18 0.9 226 45.8 0.9 1,369
Edna May Underground 3.0 -
-
-
0.63
7.2 146 0.58 6.9 128 1.21 7.1 273
Mt Carlton Open-Pit 0.35 9.28
2.0
587 14.7 1.5 695 1.41 1.5 68 25.4 1.7 1,350
Mt Rawdon1 Open-Pit 0.23 1.84
0.4
23 51.5 0.7 1,203 3.42 0.6 62 56.7 0.7 1,288
Twin Hills Open-Pit 0.5 -
-
- 2.42 2.2 170 0.64 1.7 35 3.06 2.1 204
Twin Hills Underground 2.3 0.54 4.1 71 0.01 3.5 36 0.01 3.9 87 1.56 3.9 194
Total 34.1 1.5 1,696 90.6 1.3 3,688 20.2 2.2 1,443 145 1.5 6,827
Silver Measured Indicated Inferred Total Resource
Project Type Cut-Off Tonnes
(Mt)
Silver
Grade (g/t)
Silver
Metal (koz)
Tonnes
(Mt)
Silver
Grade (g/t)
Silver
Metal (koz)
Tonnes
(Mt)
Silver
Grade (g/t)
Silver
Metal (koz)
Tonnes
(Mt)
Silver
Grade (g/t)
Silver
Metal (koz)
Mt Carlton1 Open-Pit * 11.7
57
21,437 14.9 19 9,004 1.51 16 796 28.1 35 31,237
Total 11.7 57 21,437 14.9 19 9,004 1.51 16 796 28.1 35 31,237
Copper Measured Indicated Inferred Total Resource
Project Type Cut-Off Tonnes
(Mt)
Copper
Grade (%)
Copper
Metal (kt)
Tonnes
(Mt)
Copper
Grade (%)
Copper
Metal (kt)
Tonnes
(Mt)
Copper
Grade (%)
Copper
Metal (kt)
Tonnes
(Mt)
Copper
Grade (%)
Copper
Metal (kt)
Mt Carlton1 Open-Pit * 11.7
0.24
27.9 14.9 0.21 32.1 1.51 0.20 3.0 28.1 0.22 63.1
Total 11.7 0.24 27.9 14.9 0.21 32.1 1.51 0.20 3.0 28.1 0.22 63.1
Gold Equivalent Measured Indicated Inferred Total Resource
Tonnes
(Mt)
Gold Equiv.
Grade (g/t)
Gold Equiv.
Metal (koz)
Tonnes
(Mt)
Gold Equiv.
Grade (g/t)
Gold Equiv.
Metal (koz)
Tonnes
(Mt)
Gold Equiv.
Grade (g/t)
Gold Equiv.
Metal (koz)
Tonnes
(Mt)
Gold Equiv.
Grade (g/t)
Gold Equiv.
Metal (koz)
Total Group 36.5
1.9
2,228 90.9 1.4 3,992 20.3 2.3 1,470 148 1.6 7,691
Notes:
Data is reported to significant figures and differences may occur
Mineral Resources are reorted inclusive of Ore Reserves
due to rounding
The gold equivalence calculation represents total metal value for each metal summed and expressed in equivalent gold grade and ounces
The prices used in the calculation being A$1350/oz Au, A$28.00/oz Ag and A$2.00/lb Cu

Data is reported to significant figures and differences may occur due to rounding Mineral Resources are reported inclusive of Ore Reserves 1 Includes stockpiles

Metallurgical recovery to concentrate of 90.0% for gold, 92.0% for silver at V2 and 88.0% for silver at A39 and 92.0% for copper as indicated by metallurgical testwork 1 Troy Ounce = 31.1034768 grams

  • Combined figure for V2 using 0.35g/t Au cut-off and A39 using 42g/t Ag cut-off

Au Eq for Silver = ((Price Ag per Oz x Ag Recovery)/(Price Au per Oz x Au Recovery)) x Ag Grade Au Eq for Copper = ((Price Cu per lb x 2204.623) x (Cu Recovery)) / ((Price Au per Oz x Au Recovery / 31.1034768) x (Cu Grade / 100))

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Appendix – Ore Reserve Statement 31 Dec 2012

Gold Gold Gold Proved Proved Proved Probable Probable Probable Total Reserve Total Reserve Total Reserve
Project Type Cut-Off Tonnes
(Mt)
Gold Grade
(g/t)

Gold Metal
(koz)
Tonnes
(Mt)
Gold Grade
(g/t)

Gold Metal
(koz)
Tonnes
(Mt)
Gold Grade
(g/t)

Gold Metal
(koz)
Pajingo Open-Pit 0.65 0.01
3.9
1 0.17 5.6 30 0.18
5.5
31
Pajingo1 Underground 3.0 0.56
7.1
129 0.88 6.0 169 1.44
6.4
298
Cracow1 Underground 3.6 0.17
8.3
46 1.44 4.9 226 1.61
5.3
273
Edna May1 Open-Pit 0.4 13.4
0.9
402 9.14 1.0 306 22.5 1.0 709
Mt Carlton Open-Pit 0.69 4.52
3.1
446 4.61 2.5 366 9.13 2.8 812
Mt Rawdon1 Open-Pit 0.3 1.08
0.5
17 38.7 0.8 1,009 39.8 0.8 1,026
Total 19.7 1.6 1,042 54.9 1.2 2,106 75 1.3 3,148
Silver Silver Silver Proved Proved Proved Probable Probable Probable Total Reserve Total Reserve Total Reserve
Project Type Cut-Off Tonnes
(Mt)
Silver
Grade (g/t)
Silver
Metal (koz)
Tonnes
(Mt)
Silver
Grade (g/t)
Silver
Metal (koz)
Tonnes
(Mt)
Silver
Grade (g/t)
Silver
Metal (koz)
Mt Carlton1 Open-Pit ** 5.81
69
12,969 4.61 20 2,991 10.4 48 15,960
Total 5.81
69
12,969 4.61 20 2,991 10.4 48 15,960
Copper Proved Probable Total Reserve
Project Type Cut-Off Tonnes
(Mt)
Copper
Grade (%)
Copper
Metal (kt)
Tonnes
(Mt)
Copper
Grade (%)
Copper
Metal (kt)
Tonnes
(Mt)
Copper
Grade (%)
Copper
Metal (kt)
Mt Carlton1 Open-Pit ** 5.81
0.29
17.1 4.61 0.23 10.5 10.4 0.26 27.6
Total 5.81
0.29
17.1 4.61 0.23 10.5 10.4 0.26 27.6
Gold Equivalent Proved Probable Total Reserve
Tonnes
(Mt)
Gold Equiv.
Grade (g/t)
Gold Equiv.
Metal (koz)
Tonnes
(Mt)
Gold Equiv.
Grade (g/t)
Gold Equiv.
Metal (koz)
Tonnes
(Mt)
Gold Equiv.
Grade (g/t)
Gold Equiv.
Metal (koz)
Total Group 21.0
2.0
1,365 54.9 1.2 2,204 75.9 1.5 3,570
Notes:
Data is reported to significant figures and differences may occur due to rounding
1Ild tkil
The gold equivalence calculation represents total metal value for each metal summed and expressed in equivalent gold grade or ounces
The prices used in the calculation being A$1350/oz Au, A$28.00/oz Ag and A$2.00/lb Cu
  • 1 Includes stockpiles

metallurgical recovery to concentrate of 90.0% for gold, 92.0% for silver at V2 and 88.0% for silver at A39 and 92.0% for copper as indicated by metallurgical testwork

  • ** Combined figure for V2 using 0.69g/t Au cut-off and A39 using 53g/t Ag cut-off

  • 1 Troy Ounce = 31.1034768 grams

Au Eq for Silver = ((Price Ag per Oz x Ag Recovery)/(Price Au per Oz x Au Recovery)) x Ag Grade Au Eq for Copper = ((Price Cu per lb x 2204.623) x (Cu Recovery)) / ((Price Au per Oz x Au Recovery / 31.1034768) x (Cu Grade / 100))

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Competent Person Statement

The information in this presentation that relates to exploration results, Mineral Resources or Ore Reserves listed in the table below is based on work compiled by the person whose name appears in the same row, who is employed on a full-time basis by the employer named in that row and is a member of the institute named in that row. Each person named in the table below has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he or she has undertaken to qualify as a Competent Person. Each person named in the table consents to the inclusion in this report of the matters based on their information in the form and context in which it appears.

Activity Name of Competent
Person
Institute
Cracow Exploration Results and Mineral Resources Shane Pike Australasian Institute of Mining and Metallurgy
Cracow Ore Reserves Fusheng Li Australasian Institute of Mining and Metallurgy
Pajingo Exploration Results, Resource Definition Results and
Mineral Resources
Calvin Ferguson Australasian Institute of Mining and Metallurgy
Pajingo Ore Reserves – Open-Pit Tony Wallace Australasian Institute of Mining and Metallurgy
Pajingo Ore Reserves – Underground Johan Booyse Australasian Institute of Mining and Metallurgy
Edna May Ore Reserves Luke Cox Australasian Institute of Mining and Metallurgy
Edna May Mineral Resources John Winterbottom Australian Institute of Geoscientists
Mt Rawdon Resource Definition Results Craig Bosel Australasian Institute of Mining and Metallurgy
Mt Rawdon Mineral Resources Hans Andersen Australasian Institute of Mining and Metallurgy
Mt Rawdon Ore Reserves Tony Wallace Australasian Institute of Mining and Metallurgy
Mt Carlton Mineral Resources John Winterbottom Australian Institute of Geoscientists
Mt Carlton Ore Reserves Tony Wallace Australasian Institute of Mining and Metallurgy
Twin Hills Mineral Resources John Winterbottom Australian Institute of Geoscientists