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Investor Day

28 June 2016

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Inspired people creating Australia’s
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Forward lookin statements g

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These materials prepared by Evolution Mining Limited (or “the Company”) include forward looking statements. Often, but not always, forward looking statements can generally be identified by the use of forward looking words such as “may”, “will”, “expect”, “intend”, “plan”, “estimate”, “anticipate”, “continue”, and “guidance”, or other similar words and may include, without limitation, statements regarding plans, strategies and objectives of management, anticipated production or construction commencement dates and expected costs or production outputs.
Forward looking statements inherently involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance and achievements to differ materially from any future results, performance or achievements. Relevant factors may include, but are not limited to, changes in commodity prices, foreign exchange fluctuations and general economic conditions, increased costs and demand for production inputs, the speculative nature of exploration and project development, including the risks of obtaining necessary licenses and permits and diminishing quantities or grades of reserves, political and social risks, changes to the regulatory framework within which the Company operates or may in the future operate, environmental conditions including extreme weather conditions, recruitment and retention of personnel, industrial relations issues and litigation.
Forward looking statements are based on the Company and its management’s good faith assumptions relating to the financial, market, regulatory and other relevant environments that will exist and affect the Company’s business and operations in the future. The Company does not give any assurance that the assumptions on which forward looking statements are based will prove to be correct, or that the Company’s business or operations will not be affected in any material manner by these or other factors not foreseen or foreseeable by the Company or management or beyond the Company’s control.
Although the Company attempts and has attempted to identify factors that would cause actual actions, events or results to differ materially from those disclosed in forward looking statements, there may be other factors that could cause actual results, performance, achievements or events not to be as anticipated, estimated or intended, and many events are beyond the reasonable control of the Company. Accordingly, readers are cautioned not to place undue reliance on forward looking statements. Forward looking statements in these materials speak only at the date of issue. Subject to any continuing obligations under applicable law or any relevant stock exchange listing rules, in providing this information the Company does not undertake any obligation to publicly update or revise any of the forward looking statements or to advise of any change in events, conditions or circumstances on which any such statement is based.
All US dollar values in the presentation are calculated using an AUD:USD exchange rate of $0.75 unless otherwise stated.

Production tar et g

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Production target FY17 – FY19	Production target FY17 – FY19	Production target FY17 – FY19	Production target FY17 – FY19	Production target FY17 – FY19
Period	Production (koz)	AISC (A$/oz)	Sustaining capital (A$/M)	Major project capital (A$M)
FY17	800–860	985– 1,045	90– 120	110– 140
FY18	800–860	930–990	80–110	110–230
FY19	810–870	910–980	75–105	75– 215

Material Assumptions

The material assumptions on which the production target is based are presented in ASX release Annual Mineral Resources and Ore Reserves Statement” released to the ASX on 21 April 2016 and available to view at www.evolutionmining.com.au. The material assumptions upon which on which the forecast financial information is based are: Silver A$20/oz

Copper A$6,000/t (A$2.72/lb)

Diesel A$90/bbl. (Gasoil 10ppm FOB Singapore)

Competent Persons Statement

The estimated Mineral Resources and Ore Reserves underpinning the production target have been prepared by Competent Persons in accordance with the requirements in Appendix 5A (JORC Code). The Company confirms that the form and context in which the Competent Persons findings are presented have not been materially modified from the original market announcement

Cautionary statement concerning the proportion of Inferred Mineral Resources

There is a low level of geological confidence associated with Inferred Mineral Resources and there is no certainty that further exploration work will result in the determination of Indicated Mineral Resources or that the production target itself will be realised

Cautionary statement concerning the proportion of Exploration Target[1]

The Company believes there are reasonable grounds for reporting a proportion of the production target as an exploration target (Cracow) as historically unclassified material at Cracow has been converted and mined and is not formally reported in the annual Mineral Resources and Ore Reserves

The potential quantity and grade of an exploration target is conceptual in nature and there has been insufficient exploration to determine a Mineral Resource and there is no certainty that further exploration work will result in the determination of Mineral Resources or that the production target itself will be realised

Relevant proportions of Mineral Resources and Ore Reserves underpinning the production target

The production target comprises 86% Probable Ore Reserves, 12% Inferred Mineral Resources and 2% Exploration Targets

Refer to slide 133 of this presentation for further information on the Exploration Targets

A enda g

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8:30 – 9:00	Registration
9:00 – 9:10	Industry Landscape	Bryan O’Hara	Group Manager Investor Relations
9:10 – 9:30	Strategic Vision	Jake Klein	Executive Chairman
9:30 – 9:50	Financial Strength	Lawrie Conway	Finance Director and CFO
9:50 – 10:00	Zero Harm	Simon Delander	General Manager Health, Safety & Environment
10:00 – 10:10	Asset Optimisation	Mark Le Messurier	Chief Operating Officer
10:10 – 10:40	Cowal: A Cornerstone Asset	Jason Greive	General Manager Cowal

10:40 – 11:00 Morning Tea

11:00	–	11:30	Mungari: A Strategic Gold Province	Simon Jessop	General Manager Kalgoorlie Region
11:30	–	11:55	Mt Carlton: Delivering Exceptional Results	Richard Hay	General Manager Mt Carlton
11:55	–	12:10	Mt Rawdon: Strong Future Cash Generation	Mark Boon	General Manager Mt Rawdon
12:10	–	12:50	Edna May, Cracow, Pajingo	Mark Le Messurier	Chief Operating Officer
12:50	–	13:30	Lunch
13:30	–	13:40	Inspired People	Paul Eagle	General Manager People & Culture
13:40	–	13:50	Community Spirit	Evan Elstein	Co. Secretary, VP IT & Community
13:50	–	14:10	Unlocking Exploration Opportunities	Roric Smith	VP Discovery
14:10	–	14:30	M&A is in our DNA	Aaron Colleran	VP Business Development & IR
14:30	–	15:15	Q&A	Jake Klein	Executive Chairman
15:15	–	15:30	Closing Comments	Jake Klein	Executive Chairman
15:30			Close

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Industry landscape

28 June 2016 Bryan O’Hara Group Manager Investor Relations

Australian old minin ’s renaissance g g

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Strong recovery from an extremely challenging period
Nearly one quarter of Australia’s annual mine production has changed ownership
Recapitalisation of assets and reinvestment in exploration is creating organic growth opportunities
Excellent operating environment with declining cost base and better quality workforce
Record cash margins with A$ gold price near record highs

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Index points
ASX All Ordinaries Gold Index (XGD:AX)
10,000
8,436
8,000
6,000
4,898
4,000
2,000
1,665
0
2009 2010 2011 2012 2013 2014 2015 2016
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Strategic vision

28 June 2016 Jake Klein Executive Chairman

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Play Cowal video

Key messages

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FY16 has been an outstanding year

FY17 is expected to be even better

Our current business is not only sustainable, but expected to strengthen

We are confident in the potential to extend mine lives across our asset base Our people are our future

Our eo le p p

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“Systems drive big mining companies, people drive Evolution”

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- Andrew Millar, Cracow GM

Talented and engaged workforce
Strong safety culture
Investing in developing our people
Graduate program
Guiding Our Leader’s Development program
Creating career development opportunities
Reward and recognition programs focused on innovation, continuous improvement and Acting Like Owners

Safety, Excellence, Accountability, Respect

The journey so far

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May 2010 November 2011 July 2015 December 2015 Management team Merger of equals Acquisition of cornerstone Compulsory acquisition appointed to between Conquest asset – Cowal Gold Mine of Phoenix Gold Conquest Mining. and Catalpa to form completed Single asset: Mt Evolution. Addition of Carlton with failed Mt Rawdon, Cracow Feasibility Study and Edna May to portfolio 2010 2011 2012 2013 2014 2015 2016 November 2010 Takeover of North August 2015 April 2016 Queensland Cowal Ore Reserves Combination with La Mancha Metals to acquire increased by 83% to to acquire Mungari Pajingo 2.9Moz

Production rowth g

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Group attributable production

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800,000
427,703 437,570
392,920
280,401
45,889
FY11 FY12 FY13 FY14 FY15 FY16F
Gold equivalent production (oz)
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FY16 production forecast is based on actuals through to 31 May 2016 plus a forecast for the month of June 2016

Guidin rinci les g p p

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Be sure of the strategic opportunity Improve the quality of the asset portfolio Understand our value add

Build a business that prospers through the cycle

FY19 ambitions

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We will have a group portfolio generating superior returns with 6 – 8 assets and an average mine life of 8 – 10 years

We will have 6 – 8 active exploration and development programs of quality, including brownfields

We will be open to all good gold, silver and copper-gold investment opportunities

We will prioritise Australia, but will be open to other opportunities

Preliminar FY16 & June uarter estimates y q

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June quarter[1]

Record production of approximately 213,000 gold ounces
AISC[2] of approximately A$1,075 per ounce (US$783/oz)[3]

FY16[1]

Record production of approximately 800,000 gold ounces
AISC[2] of approximately A$1,000 per ounce (US$728/oz)[3]

Balance sheet

30 June 2016

Estimated cash balance of approximately A$15 million
Estimated outstanding debt of approximately A$285 million
Debt reduced by A$322 million since September 2015
Gearing reduced from 32% to 15% since July 2015
All numbers are estimates based on actuals through to 31 May 2016 plus forecast numbers for the month of June 2016
AISC (All-in sustaining cost) includes C1 cash cost plus royalty expense, sustaining capital expense, general corporate and administration. Calculated on per ounce sold 3. Using the average FY16 year-to-date AUD:USD exchange rate of $0.728

Deliverin results g

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Group AISC (per ounce)

Net Mine Cash Flow (A$M)

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US$1,259
A$1,228 A$1,083
A$1,036
A$1,000
US$995
US$867
US$728
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FY13 FY14 FY15 FY16F
AISC (A$/oz) AISC (US$/oz)
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405
138
91
11
FY13 FY14 FY15 FY16F
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FY16 forecasts are based on actuals through to 31 May 2016 plus a forecast for the month of June 2016

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Financial strength

28 June 2016 Lawrie Conway Finance Director and CFO

Overview

FY17 Guidance

FY19 Outlook

Costs and margin

Cash and debt

Dividends

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• Production, costs and cash to build on FY16 performance

Sustainable low cost production profile

• Investing now for future production pipeline

Capturing cost savings in favourable market conditions

• Expanding margins at asset and group level

Strong cash generation across the business directed to debt • Debt level reducing rapidly; gearing down to 15%
Doubling of dividend payout to 4% of revenue • Projected to move to franked dividends from end of FY17

FY17 uidance g

Production (koz)

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860
800 800
438
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FY15
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FY16 Est FY17
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Production Low Production High

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Group production of 800 - 860koz
Full year contribution from Cowal and Mungari
Grade changes at Mt Rawdon (+15-20%); Edna May (+15%); Mt Carlton (-17%); and Cracow (-10%)
Other physical metrics to generally be in line with FY16

AISC (A$/oz)

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1,045
1,036 1,000 985
FY15 FY16 Est FY17
AISC Low AISC High
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Globally competitive operating costs (C1) at A$685 – A$745/oz (US$515 – US$560/oz)
Productivity and efficiency improvements implemented in past years to continue to drive cost profile
Increased capital investment for mine life extensions

FY17 ca ital p

Sustaining Capital (A$M)

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120
100
90
77
FY15 FY16 Est FY17
Sustaining Capex Low Sustaining Capex High
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Major Project Capital (A$M)

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140
110
91 95
FY15 FY16 Est FY17
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Major Project Capex Low Major Project Capex High

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Investment in Cowal and resource definition drilling program driving sustaining capital
Cowal sustaining capital directed to Stage H drilling and study work
Resource definition investment increased from A$20 – A$25M to A$35 – A$40M
Investment of A$25 – A$35M in tailing facility work across all sites
Major project capital relates to open pit cutbacks and underground capital development, including Edna May underground
Additional A$50 – A$60M of ‘gated’ capital subject to successful studies and further Board approval - not in guidance

Production outlook

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Production (koz) [2 ]
860 860 870
800 800 800 810
438
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Production guidance at >800koz for next 3 years[1,2 ]

 Longer life assets provide base production of 600 - 650koz per year over next 3 years[1,2]

Shorter life assets have a record of life extensions
Opportunities exist to keep pipeline full beyond FY19

FY15 FY16 Est FY17 FY18 FY19

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Production Low Production High

Production over next three years driven by:

 Transition to Stage H at Cowal

Extensions at Frog’s Leg and additional open pit ore sources at Mungari
Accessing Stage 4 ore at Mt Rawdon
High grades at Mt Carlton

 Underground at Edna May

Processing improvements projects at Cowal, Mt Carlton and Mt Rawdon
Refer to production driver notes above 2. Refer to slide 4 of this presentation for further information on the production target and forecast financial information on which this production target is based

Cost outlook

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AISC (A$/oz)[1]

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1,045
990 980
1,036 1,000 985 930 910
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AISC trending down over next 3 years

 Increase in production from higher margin sites  No material upward pressure on input costs

Sustaining capital peaks in FY17

FY15 FY16 Est FY17 FY18 FY19 AISC Low AISC High

Focus on operating efficiencies and productivities remains a priority
Drivers to cost profile include
Higher production and reducing operating cost (C1) at Cowal
Higher grade and declining waste movement at Mungari
Mt Carlton the lowest cost producer and reducing sustaining capital requirement
Completion of Stage 4 capital stripping and accessing higher grade ore at Mt Rawdon from FY17
Edna May costs change with higher grade underground production from FY18
Refer to slide 4 of this presentation for further information on the production target and forecast financial information on which this production target is based

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Ca ital outlook p

Sustaining Capital (A$M)[1 ]

 Declining sustaining capital profile

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120
110
105

Predominantly consists of:

Resource definition
100 
77 90 80 75 Tailings facilities

Equipment replacement

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Equipment replacement
Compliance projects

FY15 FY16 Est FY17 FY18 FY19 Sustaining Capex Low Sustaining Capex High

 Major projects investment will extend mine life or deliver increased production rates

Major Project Capital (A$M)[1]

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230
215
40
45
140
65
75
110 110
91 95
75
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Capital stripping profile:
Mt Rawdon & Edna May – completes FY17
White Foil – completes FY18
Cowal Stage H – commences FY18, tails off FY21

FY15 FY16 Est FY17 FY18 FY19  Cowal plant upgrade Major Low Cowal Stage H Cowal Plant Upgrade Major High 1. Refer to slide 4 of this presentation for further information on the production target and forecast financial information on which this production target is based

 Cowal plant upgrade

Cost drivers

Top seven expense groups account for

~78% of total costs

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Other, 22%
Explosives,
3%
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Labour, 27%
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Diesel, 5%
Chemicals &
Reagents,
8%
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Very favourable market conditions for costs of goods and services
Recent contract negotiations have seen reductions in order of 5 – 40%
Leverage from addition of Cowal and Mungari evident in recent tenders
Most major contracts have been renewed in past 12 – 18 months
Maintenance costs and contractor rates have reduced

300 250 200 150

100

Sensitivities and hed in g g

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Gold Price +/- A$100/oz - A$M Impact

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(60) (55) FY17 55 60
(65) (60) FY18 60 65
(75) (65) FY19 65
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75
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 Cash flow sensitivity to gold price movement (±A$100/oz) is A$55 – 75M over next 3 years

Cost base is heavily A$ denominated in (~85%)

 Currency movement of US$0.01 equates to ±A$2.0M

Oil price impact is ±A$4.5M for each US$10/bbl

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Hedging Summary
30%
25%
18%
248
209
150
FY17 FY18 FY19
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35%
30%

Reasonable volume hedged to partially shield
25%
balance sheet
20%
15%  Hedge profile declines at same time as debt
10% pressure is reduced and provides more exposure to
5% spot
0%
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 Hedge profile declines at same time as debt pressure is reduced and provides more exposure to spot

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Hedged Volume koz % of Production Hedged

Mar ins g

Group EBITDA Margin

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48%
40%
35%
33%
FY13 FY14 FY15 FY16 Est
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Group AIC Margin (A$/oz)
1,582 1,580
1,489
1,442
455
196
138
(16)
FY13 FY14 FY15 FY16 Est
All-in Cost (A$/oz) Achieved gold price (A$/oz)
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 Healthy margins

Operating (EBITDA) of 48%
All in Cost Margins of A$455/oz
Margins expansion in last two years
EBITDA up by 45%
AIC up by 330%
Gold price up only 10% in same period
Quality of Cowal and Mungari evident with margin improvement in FY16
At end of FY16 five of seven operations will have an EBITDA Margin of 50% or greater

Debt

Gearing and Leverage Ratio

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60% 2.1
1.56
1.6
40%
0.79 1.1
0.48
32.0% 0.6
20% 0.15
22.4% 0.1
15.3%
4.3%
0% -0.4
Jun-15 Pre Equity Jul-15 Dec-15 June-16 Est
Gearing Leverage Ratio (Net Debt to EBITDA)
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Term loan facility amortisation profile (A$M)

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70
120
60 57.5
50
30
12.5
FY 16 FY 17 FY 18 FY 19 FY 20 FY 21
Repaid Early Repayment Repayment Commitments
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Balance sheet rapidly deleveraging
Cash and undrawn debt of A$220M
Debt at end of FY16 is A$285M
Revolver Facility: A$95M
Term Facility: A$190M
A$322M repaid in last 10 months
Ahead by 15 months on Term Facility
Revolver Facility reduced by A$112M
One off $100M+ paid in acquisition and integration costs and stamp duties
Opportunity to invest in many growth options

Dividends

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Dividend paid semi-annually since maiden dividend in February 2013
Balance sheet position allows for review of policy
Percentage of revenue approach remains method of dividend
Dividend policy doubles payout rate to 4% of revenue from end of FY16
Dividend payout metrics compare well against mid-tiers
Ability to pay franked dividends expected from end of FY17

Summar y

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Good production base with increasing mine life
Investing for extension of current production rate and mine life
Costs have reduced and no near term pressures expected
Margins and cash flow are very healthy at group and site level
Debt level well under control and will remain focus point
Priorities for cash will be debt, organic growth, business development, dividends
New dividend policy doubles payout percentage, is sustainable and soon to be franked
Balance sheet in excellent position to implement strategy and will be protected
Generate superior returns through the cycle

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Zero harm

28 June 2016 Simon Delander General Manager – Health, Safety and Environment

Continuous im rovement p

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Total Recordable Injury Frequency Rate Significant Safety Occurrence Frequency Rate
(TRIFR) (SSOFR)
35 30
30
25
25
Cowal and Mungari Cowal and Mungari
20
acquisitions acquisitions
20
15
15
10
10
5 5
0
0
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TRIFR: Total recordable injury frequency rate. The frequency of total recordable injuries per million hours worked. Results above are based on a 12 month moving average SSOFR : An internal event classification with either an actual or potential consequence (SSO). The frequency rate is per million hours worked, results are based on a 12 month moving average

Safety programs

Beyond Zero Safety Leadership
Vehicle Incident prevention programs
Health & Wellbeing program
OHS & Risk assurance programs
Safety perception survey

Evolution Group Mine Rescue Challenge

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Environment

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Developed Environmental standards
High frequency group environmental assurance programs
ISO 14001 accreditation at Cowal
Environmental enhancement programs
External review of environmental practises and processes

Waste rock storage trials at Mt Rawdon

12 cells established – NAF, medium & high PAF
All run off captured and monitored
R&D project supports planning for post mining land use

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Asset optimisation

28 June 2016 Mark Le Messurier Chief Operating Officer

Overview

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Summary of results and performance

Keys to success

Strategy and achievements Building a foundation for a strong future

FY16 Grou erformance p p

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Cowal Mungari Mt Carlton

A strong performance in its first year under Evolution ownership

• Developed a detailed understanding of future opportunities

FY16 result confirms the outstanding value of this acquisition
• Focused on integration and alignment
An exceptional year delivering record results

• Management lifted plant performance and lowered mining costs

Mt Rawdon Edna May Cracow

• Challenged by high rainfalls but finished the year strongly

A disappointing result in the open pit operations
• Underground development commenced in late June
Another excellent year at this reliable and profitable operation

Pajingo

• Delivered its best result ever under Evolution ownership

O eratin hiloso h p g p p y

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Support our people

Excel in planning, assessment and production standards

Work hard to build our reserve base

Set high expectations and deliver to the plan

Relentlessly drive for higher margins

FY19 outlook

Production (koz)

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860 860 870
800 800 800 810
438
FY15 FY16 Est FY17 FY18 FY19
Production Low Production High
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AISC (A$/oz)

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1,045
990
980
1,036 1,000 985 930 910
FY15 FY16 Est FY17 FY18 FY19
AISC Low AISC High
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Cowal

A cornerstone asset

28 June 2016 Jason Greive General Manager - Cowal

Overview

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Growth

Ore Reserves increased from 1.56Moz to 2.85Moz (+83%) under Evolution ownership
Expansion of E42 pit prioritised
Current life of mine plan (LOMP) includes Stage H cutback to access an additional 1.4Moz (adding 5 to 6 years to LOMP) E46
Prospects not included in LOMP:

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E46
E46
East
E42
Galway/Regal
Open at depth
E41 West
E41 East
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E42 cutbacks beyond stage H
E41/E46/Galway-Regal satellite pits
E46 deeps (underground)
Cowal regional prospects

Transformation

Asset optimisation feasibility studies targeting:
Improvement to plant recovery (5 to 7%)
Plant expansion to circa. 9Mtpa
In-house tailings storage facility management

Cowal gold mineralisation, recent drilling and E42 open pit outline

See Evolution’s Group Mineral Resources and Ore Reserves and footnotes in the appendices] of this presentation for details on Ore Reserve and Mineral Resource estimates

Site summar y

Residential workforce
Workforce: 264 employees and 91 contractors
Shift roster: 7:7
Mining commenced 2005 and processing in 2006
Owner-miner
Property: the Mining Lease (ML 1535) encompasses an area of 2,636 hectares and lies within Evolution’s total property holding of ~11,300 hectares
Operation currently approved until 31 December 2024
Access: sealed road connecting to West Wyalong and major regional highways

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Location	Approximately 40km north-east of West Wyalong in New South Wales, Australia
Mining method	Conventional open pit
Minerals	Gold
Mineralisation type	Structurally hosted (epithermal to mesothermal) sheeted veins and shear hosted lodes
Process method	Grinding, gravity, flotation and cyanide leachingcircuits
Process capacity	7.5Mtpa
Recovery	~83%
Ore Reserves1 99.4Mt @ 0.89g/t Au for 2.85Moz Au
Mineral Resources1 164.1Mt @ 0.96g/t Au for 5.0Moz Au
FY17 production guidance245 – 260kozpa Au
FY17 AISC guidance A$885 – A$945/oz

See Cowal Mineral Resources and Ore Reserves and footnotes provided in the appendices of this presentation for details on Ore Reserve and Mineral Resource estimates
Power: grid power supplied to the mine by 132kV transmission line providing reliable power supply

Cowal erformance and outlook p

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FY16 performance[1]

Estimated

Gold production of 236,000 ounces (from ~11 months of ownership)
AISC[2] of A$810 per ounce
Net mine cash flow of A$146 million

FY17 guidance

Gold production guidance of 245,000 – 260,000 ounces
AISC of A$885 – A$945 per ounce
Sustaining capital: A$40M – A$45M
Major capital: nil
All FY16 numbers are estimates based on actuals through to 31 May 2016 plus forecast numbers for the month of June 2016
AISC (All-in sustaining cost) includes C1 cash cost plus royalty expense, sustaining capital expense, general corporate and administration. Calculated on per ounce sold

Business im rovement p

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 Organisational restructure

7% reduction in workforce – cost saving of A$3.6M/year
Implementation of planning and development team to drive asset growth & transformation
Wall steepening to unlock reserve potential (IRA now at 61 degrees) OR increased by 76,000oz
“Drill to Mill” project
GET recovery – zero GET through primary crusher in FY16
Mining improvements – ramp and haul road design improving tyre wear, fuel consumption and final drive maintenance interval resulting in savings of $750k/year
Processing plant utilisation improvements – 8 week shut down cycle (>2% utilisation in FY17 to 93.5%)
Processing unit cost improvement to $13.10/t in FY17 (down 2.3% on FY16, down 7% on 5 year average)
Gold recovery improved by 2% to 83.6% in FY16 (81.7% in FY15, 81.3% on 5 year average)

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Pit desi n – wall stee enin g p g

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Historical representation of wall steepening - M+I+I >0.4g/t
Design Changes
G75º – 2013
G80º – 2014
G90º - 2015
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Ore Reserves and Mineral Resources

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Cowal Reserve & Resources as a function of pit design Barrick Dec 2014 Dec to Evolution Dec 2015

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Barrick Dec 2014 Dec to Evolution Dec 2015
6,000
202
272
5,000 448
725
4,000
900 350
201
3,000
471 155 76 309 5,046
2,000
2,848
1,000 2,181
1,555
0
Reserve/Resource Ounces (koz)
Barrick Dec 2014 Reserve +0.40g/t Cutoff & Stockpiles 80° BFA, +0.40g/t Cutoff EVN Dec 2014 Reserve Stage G 90° BFA and 10m Berm Stage H Inclusion Depletion EVN Dec 2015 Reserve E42 Resource Stage G E42 Resource Stage H E42 Resource A$1,800 shell E41 Resource E46 Resource Galway Regal - E46 Resource EVN Dec 2015 Resource
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See Cowal Mineral Resources and Ore Reserves and footnotes provided in the appendices of this presentation for details on Reserve and Resource estimates. Barrick Dec 2014 Reserve sourced from Barrrick Gold Corporation. Data is reported to significant figures to reflect appropriate precision and may not sum precisely due to rounding

E42 sta e H cutback g

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Current E42 drillin g

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Cowal E42 it shells and contained ounces p

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	Indicated and Inferred Resources (koz)	Unclassified Resources (koz)	Ore movement (Mt)	Waste movement (Mt)
Stage G	1,250	3	27.7	8.3
Stage H1	1,250	90	36.1	104.3
A$1,800/oz shell	725	85
Total	3,225	178

Ore and Waste movements are estimates only. Stage H Feasibility Study not yet complete.

E42 Sta e H Cutback – drillin results g g

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Reported intervals are down hole widths as true widths are not currently known. Further information on reported exploration results is provided in the Drill Hole Information Summary and JORC Code 2012 Table 1 provided in the appendices of this presentation

Potential be ond Sta e H y g

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Ramping-up drill programs

E42 beyond stage H
Exploring the potential for cutback to extend further west of current Stage H design
17,000m planned for FY17 (Gated Capital – Dependent on Stage H drilling results)
Satellite pits
Defining the extents of E41, E46 and Regal-Galway deposits to inform future studies on lake bund placement and infrastructure and provide additional information for future resources and reserves
~2,000m DD & 2,700m AC completed FY16 with remaining drilling in Gated Capital for FY17 following completion of Stage H drilling
E46 deeps underground
Drilling likely to commence in FY18

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Drilling of Stage H cutback underway at Cowal
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Near mine resource definition

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Plannin and develo ment g p

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Immediate focus (FY17):
E42 resource definition drilling (Stage H & beyond)
E42 Stage H Feasibility Study
Dual Leach Feasibility Study
- Targeting recovery increase of 5% to 7%
Approvals | Mod 13 to development consent
Longer term focus:
Plant throughput upgrade – secondary crushing
- Targeting throughput increase of ~20% to 9.0Mtpa (current permit: 7.5Mtpa)
Assess additional E42 cut back potential (or underground opportunity)
Galway & Regal resource definition & development plan
E41 and E46 development plan
Approvals | Part 4 - EIS

Permittin g

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Current permit – Mod 12

Operations currently approved to 31 December 2024 with plant throughput limited to 7.5Mtpa

 Stage H can be commenced with Mod 12

New permit required for current LOMP – Mod 13

 Mod13 required to underpin current LOM (including Stage H)

Targeting submission Q3 FY17
Likely to be a minor amendment with timeframe of 12 to 18 months

Significant permitting required to unlock further potential

Major changes such as new pits or underground mines are likely to trigger a major amendment (Part 4a)

 Approvals timeline likely to be up to four years

Requires full EIS (Environmental Impact Study)
Involves Planning & Assessment Commission (PAC) and extensive public consultation

A transformational asset

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Substantial potential to grow and transform asset
Development path now well understood (interdependencies, approvals and priorities)
Demonstrated commitment to growing and transforming asset (drilling & studies)
Prioritising E42 Stage H cut back (and assessing upside in cut back)
Seeking approval to extend mine life to 2032 and then beyond

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55
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Mungari A strategic gold province 28 June 2016 Simon Jessop General Manager – Kalgoorlie operations

Overview

Growth

Significant potential to expand production and extend mine life
~880 km[2] land position in a world-class terrane located between the Zuleika and Kunanalling shear zones with historic production of >10Moz gold
Potential for the discovery of new high-grade underground resources
Recent resource definition drilling has extended mineralisation at Frog’s Leg and White Foil beyond December 2015 Ore Reserve limits

Future business improvements

Frog’s Leg and White Foil resource/reserve growth
Optimising White Foil pit design and larger trucks
Further opportunity to improve recovery and optimise plant
New open pit oxide sources provide increased throughput options

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Location of Mungari including recently acquired Phoenix Gold tenements

See Mungari Mineral Resources and Ore Reserves and footnotes provided in the appendices of this presentation for details on Reserve and Resource estimates

 Restarted June 2014 following the completion of the new Mungari process plant

Owner-miner workforce

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Location	600km east of Perth, Western Australia, Australia or 20km West of Kalgoorlie
Mining method	White Foil: conventional open-pit Frog’s Leg: underground
Minerals	Gold
Mineralisation type	Quartz and stockwork veining
Process method	3 stage crushing-grinding-CIP
Process capacity	1.7Mtpa
Recovery	93-94%
Ore Reserves1 7.92Mt @ 2.61g/t for 665koz Au
Mineral Resources1 79.33Mt @ 1.77g/t for 4,450koz Au
FY17 production guidance150 – 160kozpa Au
FY17 AISC guidance A$970 – A$1,030/oz

See Mungari Mineral Resources and Ore Reserves and footnotes provided in the appendices of this presentation for details on Ore Reserve and Mineral Resource estimates

Location lan p

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See Mungari Mineral Resources and footnotes provided in the appendices of this presentation for details Mineral Resource estimates. Northern Star (NST) Mineral Resources sourced from Northern Star website

Business im rovement p

Safety TRIFR significantly improved from 32.0 to 10.8
Workforce restructure – site leadership team management roles brought back to site
Underground drill platforms aggressively developed for resource and reserve growth
Seismicity management – increased ground support to reduce rehabilitation and uncertainty
Production risk has reduced with improved stope sequencing
Cost improvements
In house shotcrete, underground fuel bay – ongoing saving A$1.7m/year

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Remove hire truck and paste screen costs
Successful drill consumables change – ongoing savings A$300k/year
Tails harvesting from Mungari – paste cement reduction and increased life of TSF
Live production monitoring introduced for White Foil – 4 tonne per truck improvement
Crusher optimisation to improve throughput options in plant

Mun ari erformance and outlook g p

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FY16 performance[1]

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Estimated

Gold production of 135,000 ounces (from ~10 months of ownership)
AISC[2] of A$1,025 per ounce
Net mine cash flow of A$82 million

FY17 guidance

Gold production of 150,000 – 160,000 ounces
AISC of A$970 – A$1,030 per ounce
Sustaining capital: A$10M – A$15M
Major capital: A$40M – A$45M
All FY16 numbers are estimates based on actuals through to 31 May 2016 plus forecast numbers for the month of June 2016
AISC (All-in sustaining cost) includes C1 cash cost plus royalty expense, sustaining capital expense, general corporate and administration. Calculated on per ounce sold

Lon term outlook g

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 Ore Reserves 665koz[1 ]

Current mine life extends to FY22 which includes:
Frog’s Leg (underground) Ore Reserves
White Foil (open pit) Ore Reserves
Potential near term extensions:
- Frog’s Leg, White Foil, Cutters Ridge (open pit), Red Dam (open pit), Burgundy (open pit)

 Growth potential:

Brownfields Frog’s Leg & White Foil areas
Brownfields Mungari Regional Resources (previously Phoenix)
- Castle Hill Stage 2 plus other resources to be developed
Greenfields Mungari tenements – finding the next high-grade underground resource
Greenfields regional tenements – finding the next high-grade underground resource
See Mungari Mineral Resources and Ore Reserves and footnotes provided in the appendices of this presentation for details on Reserve and Resource estimates

Fro ’s Le extensions g g

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This information is extracted from the report entitled “Quarterly Report for the period ending 31 March 2016” released to ASX on 21 April 2016 and is available to view on www.evolutionmining.com.au.. Reported intervals are down hole widths as true widths are not currently known.

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White Foil extensions

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White Foil Open Pit

High-grade shoot defined under stage 2A and the outside the A$1,800/oz pit shell
Will form part of the Underground scoping study review
Geotechnical work underway to assess increased wall angles

White Foil Underground

Scoping study to be completed on underground potential – large bulk low grade deposit
FY17 drilling to test the potential of underground resource at depth
Drilling is planned to upgrade deeper Inferred Mineral Resource to Indicated category with approximately 7,000m

Resource definition drilling showing extensions to mineralisation outside of the current Ore Reserve envelope and future target areas

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Zuleika Shear old endowment g

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1Moz
>500koz Red Dam Bullant
>200koz Broads Dam – Blue Funnel
Barkers Millennium - Centenary
Strzelecki Pope John
Raleigh Rubicon-Hornet
Pegasus
Frog’s Legs
White Foil
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Deposits on the Zuleika Shear >1Moz

Frog’s Leg
Raleigh
Pegasus

Deposits on the Zuleika Shear >500koz

Rubicon-Hornet
Strzelecki
Millennium-Centenary

Deposits on the Zuleika Shear >200koz

Red Dam
Bullant
Broads Dam – Blue Funnel
Barkers
Pope John

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Mun ari Re ional Mineral Resources g g

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Zuleika North
(49koz) Ora Banda
(312koz)
>1Moz
Carbine Red Dam
>500koz (100koz) (214koz)
>200koz
Broads Dam
< 200koz Castle Hill (170koz)
(1,460koz)
Burgundy
(65koz)
Kunanalling
(393koz)
Frog’s Leg
(648koz)
White Foil
(1,048koz)
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Mungari Regional Mineral Resources 2.7Moz gold[1]
Tenement package increased to ~880km[2] (from ~350km[2)] post Phoenix Gold acquisition
Initial focus on resource model updates and drilling 15km of the highly prospective Zuleika shear zone
Significant results since Aug 2015 include[2] :
- Johnson’s Rest (Broads Dam): 10.0m (8.7m etw) @ 22.3g/t Au from 118m in BDRC086
- Innis (Frog’s Leg South): 1.8m @ 29.5g/t Au from 155m in PDRC0104D
- Strzelecki (~500m east of White Foil): 8m @ 2.2g/t Au from 17m in MERC673
Major drilling programs commenced March 2016 at Johnson’s Rest and Innis, follow-up drilling planned at Strzelecki and along the Kunanalling shear zone
See Mungari Mineral Resources and Ore Reserves and footnotes provided in the appendices of this presentation for details on Ore Reserve and Mineral Resource estimates
2.This information is extracted from the release entitled “December 2015 Quarterly Report” released on 27 January 2016. The reported intervals are a downhole width as true widths are not currently known. An estimated true width (“etw”) is provided. This Report is available to view on www.evolutionmining.com.au

Ex loration strate p gy

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Seismic
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 Data Integration

Historic Drilling, Geology, Geochemistry
High Resolution Geophysics (magnetics, gravity, seismic)
Alteration and Regolith Mapping

 4D studies

Integrate all data in 3 dimensions and factor in timing relationships
Improved understanding of structural architecture using 2D seismic reflection data

 Probing depth extent along fertile structures

Zuleika shear / Strzelecki shear

Unlockin the otential g p

Aspiring to develop a 10 year mine life based on tenement package, regional resources and key strategic infrastructure
Mungari process plant – a strategic asset in the Kundana area
Focus on developing a pipeline by unlocking the large regional resource base of >2Moz gold
Significant resource definition and discovery expenditure planned
Highly skilled and motivated workforce and with a close proximity to Kalgoorlie
Early near mine and regional exploration success under Evolution ownership – Frog’s Leg and Johnson’s Rest

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Mt Carlton – Delivering exceptional results

28 June 2016 Richard Hay General Manager – Mt Carlton

Overview

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A quality asset

One of the highest grade open pit gold mines in the world
Developed by Evolution and commissioned in 2013
Low mining strip ratio of 1.75:1 over LOMP
Strong FY16 performance driven by improved efficiencies and positive grade reconciliations
Positive grade reconciliations expected to continue
Upside opportunities from improving the performance of mining, processing and logistics

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High-grade feeder trends
V2 pit
A39 pit
Alunite alteration core
High-grade feeder
zones
Alunite-dickite alteration
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Mt Carlton alteration zonation model , high-grade feeder zones and interpreted trends (hot pink), and V2 pit design

Growth

Significant potential to extend mine life by adding to reserves below current V2 pit

Site summar y

One of the highest grade open pit gold mines in the world
Workforce: 143 employees and 21 contractors
Mine rosters:8/6 days day shift/night shift rotation
Owner-miner
Commercial production commenced July 2013
Concentrate sold to China

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Location	Approximately 150km south of Townsville, Queensland, Australia
Mining method	Conventional open pit
Minerals	Gold, silver and copper
Mineralisation type	High-sulphidation epithermal
Process method	Crushing, grinding and bulk sulphide flotation to produce a polymetallic concentrate
Process capacity	800ktpa
Recovery	~89%
Ore Reserves1 4.62Mt @ 4.78g/t Au for 709koz
Mineral Resources1 8.62Mt @ 3.19g/t Au for 885koz
FY17 production guidance90koz – 100koz
FY17 AISC guidance A$675 – A$725/oz

1.See Mt Carlton Mineral Resources and Ore Reserves and footnotes provided in the appendices of this presentation for details on Ore Reserve and Mineral Resource estimates

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Play Mt Carlton video

Business im rovement p

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Mining

Owner-maintain mining fleet (cost saving of A$5.0M per annum)
Drill and blast re-tender
Re-designing pit resulting in reduced strip ratio

Processing

Increased utilisation through better maintenance practices
Stabilisation of float circuit
Improved filtration efficiencies to cope with higher grades
Grind circuit optimisation - recoveries increased from 89.0% to 91.5%
Reduced concentrate haulage and handling charges
Owner-operate site assay laboratory

Mt Carlton erformance and outlook p

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FY16 performance[1]

Estimated

Gold production of 113,000 ounces
AISC[2] of A$715 per ounce
Net mine cash flow of A$103 million

FY17 guidance

Gold production guidance of 90,000 – 100,000 ounces
AISC of A$675 – A$725 per ounce
Sustaining capital: A$10M – A$15M
Major capital: A$10M – A$15M
All FY16 numbers are estimates based on actuals through to 31 May 2016 plus forecast numbers for the month of June 2016
AISC (All-in sustaining cost) includes C1 cash cost plus royalty expense, sustaining capital expense, general corporate and administration. Calculated on per ounce sold

V2 material movement

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Lon term outlook g

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Ore Reserves 709koz[1 ]
Current mine life extends to FY22 which includes:
V2 reserves
Beyond 2022
Consumption of scheduled LOM high grade run rate is ~70% due to positive reconciliation
Significant potential to extend mine life by adding to reserves below existing V2 pit
Continue exploring for nearby “blind” high sulphidation structurally controlled deposits
Further asset optimisation opportunities
Gravity gold recovery - Intensive Leach Reactor to produce doré on site
In pit tailings storage
Continuous Improvement initiatives
- Bagging efficiencies
- Mining crew reductions to 2 panels in FY18
See Mt Carlton Ore Reserves and footnotes provided in the appendices of this presentation for details on Ore Reserve estimate

Resource otential below V2 reserve it p p

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B
A
V2 Reserve Pit
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Conce tual tar ets p g

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A
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V2 Reserve Pit
Lower West Zone East Zone
Rhyodacite
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Link Zone
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The West, East and Link zones are high-grade exploration targets with a combined tonnage of approximately 650,000 to 750,000 tonnes grading 6g/t to 8g/t Au for 125,000 to 200,000 gold ounces. These Exploration Targets are not Mineral Resources and are conceptual in nature. This Exploration Target is based on existing resource drilling on 70m x 70m spacing and FY16 resource definition drilling around and below the V2 open pit. The potential quantity and grade is conceptual in nature and there has been insufficient exploration to define a Mineral Resource and it is uncertain if further exploration will result in the determination of a Mineral Resource. Drilling programs targeting an Indicated Mineral Resource are planned for FY17. The exploration target’s grade, tonnes and ounce ranges were derived from the application of a +3 g/t Au interpreted mineralised envelope around historical and FY15 and FY16 drilling

Full details of exploration results relating to the exploration target are provided in the reports entitled “Quarterly Report for the period ending 31 March 2016” released 21 April 2016 and 31 December 2015” released 27 January 2016 - available to view at www.evolutionmining.com.au

Resource definition drillin u date g p

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SW
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HC15DD1147 – 10m @ 22g/t Au from 69m [1]
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HC15DD1146 – 8m @ 5g/t Au from 107m [1]
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 Additional ounces - discrete zones of brecciated advanced argillic alteration and enargite veining

This information is extracted from the report entitled “Quarterly Report for the period ending 31 March 2016” released to ASX on 21 April 2016 and is available to view on www.evolutionmining.com.au

Structural tar ets g

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Capsize Trend
Far East
target
Alunite
New East target Alteration
Target
V2 pit
Mining
A39 pit Lease
Boundary
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Mt Rawdon Strong future cash generation

28 June 2016 Mark Boon General Manager – Mt Rawdon

Overview

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82
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 Mt Rawdon has successfully replaced all mining depletion under Evolution ownership (November 2011 Ore Reserves: 0.9Moz Au)

A strong track record of cost reductions and mine life extensions
Current life of mine plan extends to FY26
Potential upside opportunities:
Metallurgical recovery improvement projects
Steepening IRA pit wall angles to 63 degrees
Tails storage facility (TSF) – higher wall on current TSF rather than building a new one

Business im rovement p

Moved to owner operator in July 2014 – savings of ~A$9M per year
Mobile Maintenance focus on condition monitoring and component sourcing (benefiting from market conditions)
Smarter drill and blast – improved fragmentation and plant throughput
Ore (Mine to Mill) – ramping throughput up to 430 tph and targeting 435 tph with the use of high energy explosive (Vistas)
Waste – have moved from 17.7 to 36.9 bcm/m drilled with change to larger diameter drilling and higher benches; and then to 70.8 bcm/m with use of high energy explosive (Vistas)
Cyanide - Reduced physical consumption by 24%
Gravity circuit - Installed second Knelson Concentrator in 2012, installed leach reactor in 2013, installed stand alone Gravity cell in 2016
Overall recovery increase of 1%
Gravity Recoverable Gold increased from below 9% to over 15%

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Mt Rawdon erformance and outlook p

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FY16 performance[1]

Estimated

Gold production of 84,000 ounces
AISC[2] of A$1,015 per ounce
Net mine cash flow of A$4 million

FY17 guidance

Gold production guidance of 90,000 – 100,000 ounces
AISC of A$960 – A$1,040 per ounce
Sustaining capital: A$10M – A$15M
Major capital: A$20M – A$25M
All FY16 numbers are estimates based on actuals through to 31 May 2016 plus forecast numbers for the month of June 2016
AISC (All-in sustaining cost) includes C1 cash cost plus royalty expense, sustaining capital expense, general corporate and administration. Calculated on per ounce sold

Mt Rawdon material movement

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Edna May Underground potential

28 June 2016 Mark Le Messurier Chief Operating Officer

Overview

Current life of mine plan extends to FY22
Maximum value to be achieved through mining the Stage 2 open-pit and the underground
Currently developing phase 1 of the Edna May underground targeting an initial resource of ~200koz gold

Growth

Underground resource remains open at depth
Greenfinch and Golden Point could potentially provide additional ore sources – more drilling required
Regional opportunities to assess alternative ore sources to be considered

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Business im rovement p

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 Significant savings through contract renegotiations

Open pit equipment dry hire
Drill and blast
Explosives
Process plant optimistation
Throughput increased from 2.6Mtpa to a sustainable 2.9Mtpa

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88
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Edna Ma erformance and outlook y p

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FY16 performance[1]

Estimated

Gold production of 71,000 ounces
AISC[2] of A$1,395 per ounce
Net mine cash flow of A$4 million

FY17 guidance

Gold production guidance of 80,000 – 85,000 ounces
AISC of A$1,140 – A$1,220 per ounce
Sustaining capital: A$3M – A$5M
Major capital: A$25M – A$30M
All FY16 numbers are estimates based on actuals through to 31 May 2016 plus forecast numbers for the month of June 2016
AISC (All-in sustaining cost) includes C1 cash cost plus royalty expense, sustaining capital expense, general corporate and administration. Calculated on per ounce sold

Edna May Mineral Resources (Dec 2015)

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Greenfinch 67koz Edna May open pit 408koz Golden Point open pit 44koz Edna May Underground 301koz

See Edna May Mineral Resources and footnotes provided in the appendices of this presentation for details on Mineral Resource estimates. Edna May Mineral Resources excludes 19koz gold in stockpile. Data is reported to significant figures to reflect appropriate precision and may not sum precisely due to rounding. Mineral Resources are reported inclusive of Ore Reserves

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Cracow A reliable producer

28 June 2016 Mark Le Messurier Chief Operating Officer

Overview

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Current life of mine plan through to FY20
Strong track record of replacing depleted ounces

Potential mine life extensions

Two highest priority targets:
Fault G/J
Fault I/Phoenix South
Recent resource definition drilling at Coronation confirmed depth extension of high-grade mineralisation. Significant intersections[1] include:

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Net mine cash flow
(post sustaining and major capital)
A$M
50
40
39
30 33
30
20
18
10
0
FY13 FY14 FY15 FY16F
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4.7m (4.2m etw) grading 50.91g/t Au

www.evolutionmining.com.au.

Business im rovement p

Move to owner miner in July 2013
Estimated cost saving in excess of A$20 million per year
Dilution management
Reduced movement of underground material, processing less waste
Fine grind project
Potential increase in recoveries by 1.5 – 2.0% from H2 FY17 onwards
Renegotiation of service contracts

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Cracow erformance and outlook p

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FY16 performance[1]

Estimated

Gold production of 93,000 ounces
AISC[2] of A$1,005 per ounce
Net mine cash flow of A$39 million

FY17 guidance

Gold production guidance of 80,000 – 85,000 ounces
AISC of A$1,100 – A$1,160 per ounce
Sustaining capital: A$10M – A$15M
Major capital: A$7M – A$10M
All FY16 numbers are estimates based on actuals through to 31 May 2016 plus forecast numbers for the month of June 2016
AISC (All-in sustaining cost) includes C1 cash cost plus royalty expense, sustaining capital expense, general corporate and administration. Calculated on per ounce sold

Cracow Ore Reserve re lacement p

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1,500
1,000
500
0
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
-500
Cumulative Depletion
(koz)
-1,000
Reserves (koz)
Mineral Resource
(koz)
-1,500
Kilkenny Tipperary Coronation Imperial
Gold (koz) Griffin–Denmead–Sth
Empire
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Near mine and discover tar ets y g

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Empire
Crown
Kilkenny
Tipperary
Royal
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Pajingo A great FY16

28 June 2016 Mark Le Messurier Chief Operating Officer

Overview

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
Very strong cash generation in FY16
Net mine cash flow
(post sustaining and major capital)
 LOMP currently extends to end of FY19 A$M
30
 Current production rate expected to be 27
maintained over next three years 20
10 14

Camembert recently added to Mineral
7
Resources 0
-6
Potential mine life extensions -10
FY13 FY14 FY15 FY16F

Current targets include Scott Lode, Anne,
Janet, Steph, Lynne and Moonlight
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Business im rovement p

Site restructure in 2014 - campaign milling (four days per week) to align with mining profile
Increased development physicals despite moving from three jumbos to two
Increased stoping tonnes through improved drill performance despite narrower vein widths
Extraction of remnant resources to supplement feed
Recycling of consumables – vent bags, pipes, cables

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Pajingo performance and outlook

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FY16 performance[1]

Estimated

Gold production of 68,000 ounces
AISC[2] of A$1,150 per ounce
Net mine cash flow of A$27 million

FY17 guidance

Gold production guidance of 65,000 – 70,000 ounces
AISC of A$1,230 – A$1,270 per ounce
Sustaining capital: A$7M – A$10M
Major capital: A$8M – A$15M
All FY16 numbers are estimates based on actuals through to 31 May 2016 plus forecast numbers for the month of June 2016
AISC (All-in sustaining cost) includes C1 cash cost plus royalty expense, sustaining capital expense, general corporate and administration. Calculated on per ounce sold

Reserve re lacement p

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Pajingo Mineral Resources and Ore Reserves vs depletion

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1,500
1,000
500
0
pre 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
1997
-500
-1,000
-1,500
Reserves (koz)
-2,000
Depletion
-2,500
Mineral
Resource (koz)
-3,000
-3,500
Gold (koz) Increases at Jandam and Zed
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Note: Camembert Inferred Mineral Resource currently being drilled to upgrade to Indicated category for potential inclusion in 2016 reserve evaluations

Camembert

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Most advanced and prospective underground exploration target at Pajingo

 Expected to provide ore supply in FY18 and FY19

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Inspired people

28 June 2016 Paul Eagle General Manager – People and Culture

Our eo le p p

Ourpeople

People are critical to our success
Evolution’s established reputation and
current market conditions have seen an
increase in the number and quality of
candidates for new roles
We’re creating opportunities for our
people
Overall turnover has reduced to 17%
(from 30% in 2013)	Employment summary	Dec 2013	May 2016
	Total workforce (permanent, temp & casual)	808	1,523
	12 month rolling turnover	30%	17%
	Voluntary	16%	12%
	Involuntary	14%	5%
	Male : Female (%)	87:13	86:14
	Indigenous	3%	4%
				104

Point of difference

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We have a culture that people like (safety first, Act Like an Owner, team spirit, mateship, supportive, and focused) and we want to protect that as a point of difference
We have a highly engaged and capable workforce evidenced by our Engagement Survey results:
98% willing to put in the extra effort to get the job done
92% would recommend Evolution as a great place to work
Our investment in developing our people is delivering great results:
Graduate program
Guiding Our Leader’s Development (GOLD) program
Silver program
We strive to make our people’s experience at Evolution the highlight of their careers

Inspired people creating Australia’s premier Gold company

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Play welcome video

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Community spirit & partnership

28 June 2016 Evan Elstein Company Secretary, VP – IT & Community

Ke focus areas y

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Minimising
community
impacts
Landholder
Cultural
and
heritage
Indigenous
protection
relations
Community
Relations
Local
Procurement Community
and investment
Employment
Sustainable
Community Community
Development complaints
(or Shared and
Value) enquiries
Projects
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Communit s irit in FY16 y p

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Shared value project: Gudjuda Aboriginal Reference Group – market garden and native plant nursery (Mt Carlton):
New Indigenous jobs created
Over 20 Indigenous traineeship opportunities
Enabled Gudjuda to secure A$350k funding from the Queensland Government
Local community partnerships
Swindon road upgrade at Mt Rawdon (North Burnett Regional Council and Evolution)
Indigenous partnerships
Working closely with Traditional Owner groups at our sites
Supporting education outcomes in the local region
Work experience, scholarships, donation of equipment for student’s practical training

Partnerships

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 A partnership case study – Puhipuhi, New Zealand

Extensive community consultation and dedicated website
Comprehensive environmental baseline study prior to drilling
Cultural accountability training for Evolution staff and contractors
Local employment and procurement where possible
2016 stakeholder perception survey
Improved to 1.0 (from 0.9 in 2014) on scale of -2.0 to +2.0
Overall rating of “satisfied”
72% participation rate
Will assist to inform our future strategies and plans

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Unlocking exploration opportunities

28 June 2016 Roric Smith VP Discovery, Chief Geologist

Australia and New Zealand

Project commencement dates H2 FY14 Tennant Creek H2 FY15 Puhipuhi, Wirralie H1 FY16 Mungari H2 FY16 Cowal A total tenement holding of 9,888 km²

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 FY17: A$25 – 30M discovery spend

Tennant Creek

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Opportunity

High-grade, high-value Cu-Au ironstone hosted orebodies
WG Corridor ground and haematite dominant oxide systems

Risk

Extensions and new small orebodies
Tennant Creek Field potential depleted

Value Proposition

Potential for a greenfield discovery 1Moz gold at >10g/t
Potential for a copper discovery – Warrego/Gecko style
First “greenfield” project: low hurdle rate / high-grade Cu-Au terrane
High-grade economic intercepts but small-scale to date
Value options over large tenement package

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113
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Re ional tar ets g g

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Aeroma netics g

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RTP1VD with historic drilling

Puhi uhi p

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Opportunity

Excellent potential for high-grade greenfield Au±Ag discoveries in poorly explored epithermal district

Risk

Exploration for blind targets failing to generate new discovery to date
Stakeholder resistance / reputation / environment

Value Proposition

Potential for a 2 – 4Moz high-grade (>10g/t Au) epithermal gold deposit in stable jurisdiction
CSAMT defined targets
Stakeholder engagement – traction and recognition www.evolutionmining.co.nz
Comprehensive base line study – third party consultant with Maori (Ngati Hau) participation
Drilling commenced 13 June 2016

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Overview

Puhipuhi project covers 91km² in the Northland region of the North Island of New Zealand
Located approximately 180km northeast of Auckland
Limited exploration since 1980s
Rock chip samples – high grade gold
Soils coincident Au, As, Hg, Sb
Previous drilling – deep high grade gold intercepts

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Target depth: over 200m

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Drill tar ets g

*Controlled Source Audio-frequency Magnetotellurics

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Cowal eolo g gy

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Compression and fold-thrust belt geometry controls gold mineralisation
Significant implications for deep exploration at Cowal
Section validation of geological relationships

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West East
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Re ional Cu/Au otential g p

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Work completed

Regional review of Cu + Au potential
Drill density different – but Evolution ground contains multiple centers

Next Steps

Detailed review of all previous exploration for Cu-Au porphyry systems
Revised structural model
Greenfield team

Cu/(Pb+Zn) ratio - commonly use to vector towards centre of porphyry-style mineralisation

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East Giral oro enic tar ets g g

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ELA 5297
Max Au
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ELA 5297
Max As
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Mun ari – unlockin the Zuleika g g

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Strzelecki
K2 Innis
SW NE
Kurrawang
Syncline
6 km
20 km
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 Resolving the third dimension of structures critical for next phase of discovery

Greenfield i eline p p

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M&A is in our DNA

28 June 2016 Aaron Colleran VP – Business Development & Investor Relations

The ideal ac uisition q

The rules are reasonably simple:
Improve the quality of the portfolio
Logical
Value accretive
Opportunistic
But delivery is not simple. It requires:
The ability to recognise the opportunity
The ability to execute acquisition opportunities
The ability to integrate acquired assets

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“Loss of focus is what most worries Charlie and me when we contemplate investing in businesses that in general look outstanding. All too often, we’ve seen value stagnate in the presence of hubris or of boredom that caused the attention of managers to wander.” -Warren Buffet

A histor of rowth throu h M&A y g g

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June 2010 Conquest Mining launches a hostile takeover of North Queensland Minerals
- Followed by acquisition of Heemskirk’s 40% interest in Pajingo
June 2011 Conquest and Catalpa announce merger of equals and acquisition of Newcrest’s
interest in Mt Rawdon (100%) and Cracow (70%)
- Catalpa terminates discussions with St Barbara regarding an unsolicited takeover proposal
April 2015 Evolution announces agreement to acquire La Mancha Australia (Mungari) and inprinciple commitment from La Mancha to contribute A$100 million for further growth opportunities
May 2015 Evolution acquires strategic stake in Phoenix Gold
May 2015 Evolution announces acquisition of Cowal and A$248M entitlement offer
August 2015 Evolution announces intention to make a takeover for Phoenix Gold
- Successful bidder in a competitive process

Our DNA

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Understand the risks - chase the opportunity

Build capacity and use stepping stone transactions

Improve the quality of the portfolio

Value accretive, opportunistic and logical

Current environment

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Rationalisation

Majors divesting non-core assets to pay down debt is likely to slow however they will continue to sell assets as they move to portfolio rationalisation

Consolidation

There will be an increased focus on strategic M&A, particularly amongst junior miners, to reposition or re-rate

Symbiosis

JV transactions will become increasingly popular as the importance of symbiotic relationships increases

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Sportspeople, entrepreneurs and leaders are all lauded for their actions. ‘Watching and waiting’ are rarely considered valuable. However, there are times when the most valuable thing you can do is to wait for the right opportunity. In the face of the relentless pressure to do something, waiting patiently is often extremely difficult to do.

-Allan Gray

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Closing comments

28 June 2016 Jake Klein Executive Chairman

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Q&A

28 June 2016 Jake Klein Executive Chairman

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Appendices

28 June 2016

Ex loration tar et p g

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Exploration Targets - Cracow

The Killarney exploration target of approximately 95,000 to 140,000 tonnes grading 4.2g/t to 6.3g/t Au for 13,000 to 29,000 gold ounces is based on exploration drill results. The potential quantity and grade is conceptual with insufficient drilling to define a Mineral Resource; drill spacing is currently 80m x 80m but closer in some areas. It is uncertain if further exploration will result in the determination of a Mineral Resource; however, drilling programs targeting an Inferred Mineral Resource are planned for FY17.

The Denmead exploration target of approximately 130,000 to 195,000 tonnes grading 3.9g/t to 5.9g/t Au for 16,000 to 37,000 gold ounces is based on exploration drill results. This drilling intersected the target at a sub-parallel angle with an average drill spacing of 80m x 80m. The potential quantity and grade is conceptual with insufficient exploration to define a Mineral Resource. It is uncertain if further exploration will result in the determination of a Mineral Resource; however, the unclassified material is intended to be converted by Resource Definition drill programs completed in Q4 FY16 and to be undertaken in H1 FY17.

Both Killarney and Denmead’s grade, tonnes and ounce ranges were derived from the application of a +2.8g/t Au interpreted mineralised envelope around historical and FY15 and FY16 drilling.

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Killarney Structure Coronation
Structure
CBK274 Denmead
Kilkenny/Tipperary CNU005 Structure
Structure
KKU549
KKU414
KKU550 CNU003
CNU002
CBK222
Crown/Sovereign
Structure
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Denmead Plan View (1850rL) showing drilled holes

Killarney Cross-section showing drilled holes (looking 045 mine grid)

Competent persons

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Competent Persons Statement

The information in this report that relates to Exploration Results and Exploration Targets 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 Evolution Mining Limited 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 types of deposits under consideration and to the activity which he has undertaken to qualify as a Competent Person as defined in the JORC Code 2012. Each person named in the table consents to the inclusion in this report of the matters based on his information in the form and context in which it appears including sampling, analytical and test data underlying the results.

The Company confirms that it is not aware of any new information or data that materially affects the information included in this presentation. The Company confirms that the form and context in which the Competent Persons’ findings are presented have not been materially modified from the Report.

Activity	Competent person	Institute
Cowal exploration results	Joseph Booth	Australasian Institute of Mining and Metallurgy
Mt Carlton exploration target and exploration results	Matthew Obiri-Yeboah	Australasian Institute of Mining and Metallurgy
Cracow exploration target	Shane Pike	Australasian Institute of Mining and Metallurgy

Hole	Hole Type	Northing MGA (m)	Easting MGA (m)	RL AHD (m)	Hole Length (m)	Dip MGA	Azi MGA	From (m)	Interval1(m)	Au(g/t)
E42D1710	DDH	35839.075	85791.736	1211.923	804.3	-50	25	106	1	3.12
								188	2	1.41
								210	2	1.14
								218	3	1.96
								256	7	2.17
								275	2	1.18
								280	3	1.65
								288	5	6.04
								325	3	4.06
								337	2	1.1
								358	1	2.86
								387	1	4.97
								406	5	4.2
								417	1	2.44
								432	6	1.06
								442	14	1.99
								460	1	154.3
								483	6	1.28
								498	52	1.18
								559	1	5.88
								571	22	1.33
								605	11	1.22
								627	8	1.27
								639	15	1.7
								660	13	1.48
								681	2	1.42
								705	3	1.77
								719	2	2.45
								746	1	1.68
								756	1	1.79
								763	1	16.3
E42D1710A	DDH	36073.18	85905.81	908.41	750.30	-44	23	369	1	1.05
								405	1	1.4
								428	1	4.22
								442	4	4.05
								450	12	2.4
								479	4	0.72

Cowal drill hole information

Hole	Hole Type	Northing MGA (m)	Easting MGA (m)	RL AHD (m)	Hole Length (m)	Dip MGA	Azi MGA	From (m)	Interval1(m)	Au(g/t)
E42D1710A continued								490	2	2.69
								496	1	5.96
								509	4	1.67
								525	3	1.4
								538	1	2.34
								544	3	3.27
								573	2	22.8
								581	9	1.3
								598	6	3.32
								635	6	3.96
								646	3	1.1
								658	5	1.09
								667	1	2.3
								685	1	7.28
								711	2	3.11
								720	3	1.38
								736	6	1.73
E42D1710B	DDH	36045.0	85891.0	947	723.9	-42	27	325	2	8.66
								358	1	1.65
								387	4	1.55
								400	1	6.51
								445	1	4.17
								452	3	14.06
								467	12	1.56
								484	4	1.04
								505	1	3.74
								513	6	1.94
								527	10	0.9
								550	4	2.06
								558	9	2.84
								589	20	2.24
								613	12	1.33
								632	5	2.77
								647	8	3.68
								677	5	1.88
								696	5	2.54

Hole	Hole Type	Northing MGA (m)	Easting MGA (m)	RL AHD (m)	Hole Length (m)	Dip MGA	Azi MGA	From (m)	Interval1(m)	Au(g/t)
E42D1710C continued								710	7	1.88
E42D1710C	DDH	36020.0	885878.0	982	771.28	-40	27	261	2	2.22
								325	2	3.56
								339	1	1.12
								348	1	2.07
								358	1	2.45
								366	2	4.7
								398	1	1.15
								416	1	1.82
								455	1	4.8
								474	1	1.22
								488	5	5.7
								497	1	1.12
								501	1	1.83
								506	1	2.38
								514	5	8.5
								540	3	4.68
								548	1	2.5
								555	3	6.21
								568	8	18.72
								583	4	18.76
								602	1	1.6
								606	5	4.7
								617	6	46.86
								631	1	1.03
								640	2	5.78
								652	1	2.39
								690	5	31.05
								697	9	32.31
								715	2	3.9
								719	4	9.48
								727	7	32.27
								740	7	20.02
								752	1	1.61
								759	5	7.7
								769	1	1.22

JORC Code 2012 Table 1 - Cowal

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Section	1	Sampling Techniques and Data
Criteria		Commentary

Sampling techniques Reported holes consist of directional diamond core drilling. Diamond drill holes were positioned strategically to provide even spaced coverage, infill gaps in the existing drill data set and test extensions of known lodes/mineralised structures. Collar and down hole surveys were utilised to accurately record final locations. Industry standard sampling, assaying and QA/QC practices were applied to all holes. HQ drill core was halved with a diamond saw in 1 m intervals, irrespective of geological contacts. Oxide material that was too soft and friable to be cut with a diamond saw was split with a chisel. Core was cut to preserve the bottom of hole orientation mark and the top half of core sent for analysis to ensure no bias is introduced. NQ drill core was whole core sampled. Sample preparation was conducted by SGS West Wyalong and consisted of: Drying in the oven at 105ºC; crushing in a jaw crusher; fine crushing in a Boyd crusher to 2-3mm; rotary splitting a 3kg assay sub-sample if the sample is too large for the LM5 mill; pulverising in the LM5 mill to nominal; 90% passing 75 µm; and a 50g fire assay charge was taken with an atomic absorption (AA) finish. The detection limit was 0.01 g/t Au. Drilling techniques Parent holes were drilled to full depth with HQ. Daughter holes were drilled NQ. Core has been oriented using Act RD2 Reflex orientation tool. Drill sample recovery Provisions are made in the drilling contract to ensure that hole deviation is minimised and core sample recovery is maximised. This is monitored by a geologist on a hole by hole basis. Core recovery is recorded in the database. There are no significant core loss or sample recovery issues. Core is reoriented and marked up at 1m intervals. Measurements of recovered core are made and reconciled to the driller’s depth blocks, and if necessary, to the driller’s rod counts. There is no apparent relationship between core-loss and grade.

Sub-sampling techniques and sample HQ diamond core is cut with a diamond saw or chisel. Core is cut to preserve the bottom of hole orientation mark and the top half of core is always sent for analysis to ensure no bias is introduced. NQ Core preparation is whole core sampled. In 2003 Analytical Solutions Ltd conducted a Review of Sample Preparation, Assay and Quality Control Procedures for Cowal Gold Project. This study, combined with respective operating company policy and standards (North Ltd, Homestake, Barrick and Evolution) formed the framework for the sampling, assaying and QAQC protocols used at Cowal to ensure appropriate and representative sampling. Results per interval are reviewed for half core samples and if unexpected or anomalous assays are returned an additional quarter core may be submitted for assay.
Quality of assay data and laboratory SGS West Wyalong acts as the Primary Laboratory and ALS Orange conducts independent Umpire checks. Both labs operate to international standards and procedures and take part in the Geostatistical tests Round Robin inter-laboratory test survey. The Cowal QA/QC program comprises blanks, Certified Reference Material (CRM), inter-laboratory duplicate checks, and grind checks. 1 in 30 fine crush residue samples has an assay duplicate. 1 in 20 pulp residue samples has an assay duplicate. Wet screen grind checks are performed on 1 in 20 pulp residue samples. A blank is submitted 1 in every 38 samples, CRM’s are submitted 1 in every 20 samples. The frequency of repeat assays is set at 1 in 30 samples. All sample numbers, including standards and duplicates, are pre-assigned by a QA/QC Administrator and given to the sampler on a sample sheet. The QA/QC Administrator monitors the assay results for non-compliance and requests action when necessary. Batches with CRM’s that are outside the ±2SD acceptance criteria are re-assayed until acceptable results are returned. Material used for blanks is uncertified, sourced locally, comprising fine river gravel which has been determined to be below detection limit. A single blank is submitted every 38 samples. Results are reviewed by the QA/QC Administrator upon receipt for non-compliances. Any assay value greater than 0.1 g/t Au will result in a notice to the laboratory. Blank assays above 0.20 g/t Au result in re-assay of the entire batch. The duplicate assays (Au2) are taken by the laboratory during the subsampling at the crushing and pulverisation stages. The results were analysed using scatter plots and relative percentage difference (RPD) plots. Repeat assays represent approx. 10% of total samples assayed. Typically there is a large variance at the lower grades which is common for low grade gold deposits, however, the variance decreases to less than 10% for grades above 0.40 g/t Au, which is the cut-off grade used at Cowal. Approximately 5% of the pulps, representing a range of expected grades, are submitted to an umpire assay laboratory (ALS Orange) to check for repeatability and precision. Analysis of the data shows that the Principal Laboratory is performing to an acceptable level.
Verification of sampling and assaying No dedicated twinning drilling has been conducted for this drill program. Cowal uses DataShed software system to maintain the database. Digital assay results are loaded directly into the database. The software performs verification checks including checking for missing sample numbers, matching sample numbers, changes in sampling codes, inconsistent “from-to” entries, and missing fields. Results are not entered into the database until the QA/QC Administrator approves of the results. A QA/QC report is completed for each drill hole and filed with the log, assay sheet, and other appropriate data. Only the Senior Project Geologist and Database Manager have administrator rights to the database. Others can use and sort the database but not save or delete data.

JORC Code 2012 Table 1 - Cowal

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Section 1 Sampling Techniques and Data Criteria Commentary

Location of data points All drill hole collars were surveyed using high definition DGPS. All drill holes were surveyed using a downhole survey camera. The first survey reading was approximately 18m from surface, then at 30m intervals and, finally, at the end of each hole. To ensure correct steering of directional holes gyro surveys are run routinely at 100m intervals, as well as following all wedging/navigational cuts and on completion of each drill hole. The Gyro tool was referenced to the accurate surface surveyed position of each hole collar. Gyro survey readings were taken at 10m intervals on the way down to the base of each hole (“in run”) and at 10m intervals back to surface (“out run”). The results of these two surveys were then compared and a final survey produced if there was “closure” between surveys. The Gyro results were entered into the drill hole database without conversion or smoothing. An aerial survey was flown during 2003 by AAM Hatch. This digital data has been combined with surveyed drill hole collar positions and other features (tracks, lake shoreline) to create a digital terrain model (DTM). The survey was last updated in late 2014. In 2004, Cowal implemented a new mine grid system with the assistance of AAM Hatch. The current mine grid system covers all areas within the ML and ELs at Cowal with six digits.

Data spacing and distribution

Orientation of data in relation to geological structure

The program from which this hole is a part of consists of 10 Parent holes with an average of 5 daughter holes each. Parent holes are spaced at 50m intervals, with daughter holes designed to achieve a 50m spacing at the target zone. All drilling is sampled at 1m intervals down hole.

Parent holes were drilled at nominally 55 degrees dip and daughter holes flatten as they progress. Parent holes were designed to optimise intersection angles, and nominally intersect perpendicular to mineralisation. There is no apparent bias in terms of the drill orientation that has been noted to date.

Sample security Drill contractors are issued with drill instructions by an Evolution geologist. The sheet provides drill hole names, details, sample requirements, and depths for each drill hole. Drill hole sample bags are prenumbered. The drill holes are sampled by Evolution personnel who prepare sample submission sheets. The submission sheet is then emailed to the laboratory with a unique submission number assigned. This then allows individual drill holes to be tracked. An SGS West Wyalong (SGS) representative collects the samples from site twice daily, however, if samples are being sent to ALS Orange, PJ & NA Freighters are used to collect the samples from site and deliver them to the laboratory. Upon arrival, the laboratory sorts each crate and compares the received samples with the supplied submission sheet. The laboratory assigns a unique batch number and dispatches a reconciliation sheet for each submission via email. The reconciliation sheet is checked and any issues addressed. The new batch name and dispatch information is entered into the tracking sheet. The laboratory processes each batch separately and tracks all samples through the laboratory utilising the LIMS system. Upon completion, the laboratory emails Standard Industry Format (SIF) files with the results for each batch to Evolution personnel. The assay batch files are checked against the tracking spreadsheet and processed. The drill plan is marked off showing completed drill holes. Any sample or QA/QC issues with the results are tracked and resolved with the laboratory.

Audits or reviews

QA/QC Audits of the Primary SGS West Wyalong Laboratory are carried out on an approximately quarterly basis and for the Umpire ASL Orange Laboratory approximately on a six monthly basis. Any issues are noted and agreed remedial actions assigned and dated for completion. Numerous internal audits of the database and systems have been undertaken by site geologists and company technical groups from North Ltd, Homestake and Barrick and Evolution. External audits were conducted in 2003 by RMI and QCS Ltd. and in 2011 and 2014 review and validation was conducted by RPA. Minor validation errors associated with the migration of historic databases to Datashed were identified and remediated. Recent audits have found no significant issues with data management systems or data quality.

JORC Code 2012 Table 1 - Cowal

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Section 2 Reporting of exploration results

Criteria Commentary

Mineral tenement and land tenure status

Exploration done by other parties

Geology

Drill hole Information

The Cowal Mine is located on the western side of Lake Cowal in central New South Wales, approximately 38 km north of West Wyalong and 350 km west of Sydney. Drilling documented in this report was undertaken on ML1535 This Leases are wholly owned by Evolution Mining Ltd. and CGO has all required operational, environmental and heritage permits and approvals for the work conducted on the Lease. There are not any other known significant factors or risks that may affect access, title, or the right or ability to perform further work programs on the Lease.

The Cowal region has been subject to various exploration and drilling programs by GeoPeko, North Ltd., Rio Tinto Ltd., Homestake and Barrick.

The Cowal gold deposits (E41, E42, E46, Galway and Regal) occur within the 40 km long by 15 km wide Ordovician Lake Cowal Volcanic Complex, east of the Gilmore Fault Zone within the eastern portion of the Lachlan Fold Belt. The gold deposits at Cowal are structurally hosted, epithermal to mesothermal gold deposits occurring within and marginal to a 230 m thick dioritic to gabbroic sill intruding trachyandesitic volcaniclastic rocks and lavas. The overall structure of the gold deposits is complex but in general consists of a faulted antiform that plunges shallowly to the north-northeast. The deposits are aligned along a north-south orientated corridor with bounding faults, the Booberoi Fault on the western side and the Reflector Fault on the eastern side (the Gold Corridor). See Drill Hole Information Summary table provided in previous slides

Data aggregation methods

Relationship between mineralisation widths and intercept lengths

Significant intercepts have been calculated based on a minimum down hole interval of 1 m @ >1.00 g/t Au above a 0.5 g/t cut-off with allowance for intervals of up to 2 m of internal dilution.

Drilling has been oriented to intercept perpendicular to mineralisation and as such results reported as nominally true widths

Diagrams Diagrams are provided in the body of the document.

Balanced reporting Significant intercepts reported are a sub-set of the entire data. Only those areas where significant mineralisation was previously unknown, poorly defined or of low confidence have been selected for this report. Results in this report are from a single parent hole (E42D1710) and 3 subsequent daughter holes (E42D1710A, E42D1710B, E42D1710C. The remaining daughter holes are awaiting assay results at the time of reporting. Drilling of other holes in this program are in progress at the time of reporting Other substantive exploration data No other substantive data was collected during the report period. Further work

This drilling is currently in progress and further work will be determined following review of the completed program.

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Evolution Mineral Resources December 2015

Gold	Gold	Gold	Measured	Measured	Measured	Indicated	Indicated	Indicated	Inferred	Inferred	Inferred	Total Resource	Total Resource	Total Resource	Competent Person
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)
Cowal1	Total	0.40	39.93	0.71	906	95.68	1.05	3,226	28.51	1.00	913	164.12	0.96	5,046	1
Cracow1	Total	2.80	0.34	10.57	115	1.00	6.53	210	1.08	5.15	178	2.42	6.48	504	2
Pajingo	Openpit	0.75	-	-	-	0.09	2.30	7	0.06	4.34	8	0.15	3.09	14
Pajingo1	Underground	2.50	0.09	11.54	32	0.63	7.91	161	1.67	6.82	367	2.39	7.28	560
Pajingo	Total		0.09	11.54	32	0.72	7.22	168	1.73	6.74	375	2.54	7.04	574	3
Edna May1	Openpit	0.40	-	-	-	15.38	0.97	479	2.53	0.73	59	17.92	0.94	539
Edna May	Underground	2.50	-	-	-	1.13	7.68	278	0.10	7.62	23	1.22	7.67	301
Edna May	Total		-	-	-	16.51	1.43	757	2.63	0.98	83	19.14	1.37	840	4
Mt Carlton1	Openpit	0.35	0.08	9.09	24	8.38	3.09	834	-	-	-	8.46	3.15	858
Mt Carlton	Underground	2.50	-	-	-	-	-	-	0.16	5.35	27	0.16	5.35	27
Mt Carlton	Total		0.08	9.33	24	8.38	3.10	834	0.16	5.35	27	8.62	3.19	885	5
Mt Rawdon1	Total	0.20	0.51	0.53	9	50.58	0.70	1,138	5.00	0.57	91	56.09	0.69	1,238	6
Mungari1	Open pit	0.50	0.67	1.16	25	9.10	1.54	451	-	-	-	9.77	1.52	476
Mungari1	Underground	2.5/1.2	1.80	6.94	403	7.99	2.51	645	4.02	1.85	236	13.81	2.90	1,287
Mungari1	Total		2.47	5.39	428	17.09	1.99	1,096	4.02	1.85	236	23.58	2.33	1,763	7
Mungari Regional	Total		0.49	1.96	31	27.43	1.46	1,289	26.85	1.60	1,385	55.75	1.54	2,767	8
Twin Hills+	Openpit	0.50	-	-	-	-	-	-	3.06	2.10	204	3.06	2.10	204
Twin Hills+	Underground	2.30	-	-	-	-	-	-	1.56	3.90	194	1.56	3.90	194
Twin Hills+	Total		-	-	-	-	-	-	4.62	2.68	398	4.62	2.68	398	8
Total			43.91	1.09	1,545	217.39	1.25	8,718	74.60	1.54	3,686	336.88	1.29	14,015

Full details are provided in the report entitled “Annual Mineral Resources and Ore Reserve Statement 2015” released to ASX on 31 April 2016 which is available to view at www.evolutionmining.com.au

Mungari Regional Mineral Resources: Evolution has updated Castle Hill Stage 1 only. Norton Gold has the right to mine Castle Hill Stage 1 and Evolution to receive 50% of the profits. Full details of the Phoenix Gold Limited Mineral Resources that have not materially changed since last reported and now included at Mungari Regional are provided in the report entitled “Phoenix’s Mineral Resources grow beyond 4 million ounces” released to ASX on 14 January 2015, and “Further information on updated total Resource” released on 19 January 2015 by Phoenix Gold Limited (“Phoenix”) and are available to view on www.evolutionmining.com.au. The Company confirms that it is not aware of any new information or data that materially affects the information included in this presentation and that all material assumptions and technical parameters underpinning the estimates continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Persons’ findings are presented have not been materially modified from the Report

Group Mineral Resources Competent Person Notes refer to 1. Joseph Booth; 2. Shane Pike; 3. Andrew Engelbrecht; 4. Greg Rawlinson; 5. Matthew Obiri-Yeboah; 6. Hans Andersen; 7. Sam Hamilton; 8. Michael Andrew Data is reported to significant figures to reflect appropriate precision and may not sum precisely due to rounding Mineral Resources are reported inclusive of Ore Reserves

1Includes stockpiles + Twin Hills has not changed as it is being reported as 2004 JORC Code

Due to depletion of A39 at Mt Carlton and lower grade Ag, Cu for remaining resource at Mt Carlton, the 2015 Mineral Resources and Ore Reserves statement has been reported in gold ounces The Cowal mine was acquired on 24 July 2015 and the Mungari assets on 24 August 2015

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Evolution Ore Reserves December 2015

Gold	Gold	Gold	Proved	Proved	Proved	Probable	Probable	Probable	Total Reserve	Total Reserve	Total Reserve	Competent Person
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)
Cowal1	Open pit	0.40	39.93	0.71	906	59.47	1.02	1,941	99.40	0.89	2,848	1
Cracow1	Underground	3.50	0.50	6.11	98	0.56	5.12	92	1.06	5.59	190	2
Pajingo1	Underground	3.30	0.17	6.82	37	0.39	5.60	70	0.55	5.97	107	2
Edna May1	Open pit	0.50	-	-	-	8.32	1.00	269	8.32	1.00	269	3
Edna May1	Underground	2.50	-	-	-	1.34	4.69	202	1.34	4.69	202	2
Edna May1	Total		-	-	-	9.66	1.51	471	9.66	1.51	471
Mt Carlton1	Open pit	0.80	-	-	-	4.62	4.78	709	4.62	4.78	709	4
Mt Rawdon1	Open pit	0.30	0.51	0.53	9	33.92	0.78	855	34.43	0.78	864	5
Mungari1	Underground	2.90	1.42	5.57	254	0.57	5.60	103	1.99	5.58	357
Mungari1	Open pit	0.70	0.65	1.00	21	5.28	1.69	288	5.93	1.62	309
Mungari1	Total		2.07	4.13	275	5.85	2.07	390	7.92	2.610	665	6
Total			43.18	0.95	1,325	114.47	1.23	4,528	157.64	1.15	5,853

Full details Of Evolution’s Mineral Resources and Ore Reserves are provided in the report entitled “Annual Mineral Resources and Ore Reserve Statement 2015” released to ASX on 31 April 2016 which is available to view at www.evolutionmining.com.au Data is reported to significant figures to reflect appropriate precision and may not sum precisely due to rounding

1Includes stockpiles

Due to depletion of A39 at Mt Carlton and lower grade Ag, Cu for remaining resource at Mt Carlton, the 2014 Mineral Resources and Ore Reserves statement has been reported in gold ounces The Cowal mine was acquired on 24 July 2015 and the Mungari assets on 24 August 2015

The Company confirms that it is not aware of any new information or data that materially affects the information included in the Report and that all material assumptions and technical parameters underpinning the estimates in the Report continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Persons’ findings are presented have not been materially modified from the Report Group Ore Reserve Competent Person Notes refer to: 1. Jason Floyd; 2. Ian Patterson; 3. Guy Davies; 4. Tony Wallace; 5. Ross McLellan; 6. Matt Varvari 142

Mun ari Mineral Resources g

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	Mungari Mineral Resources- December 20151	Mungari Mineral Resources- December 20151	Mungari Mineral Resources- December 20151	Mungari Mineral Resources- December 20151	Mungari Mineral Resources- December 20151	Mungari Mineral Resources- December 20151	Mungari Mineral Resources- December 20151	Mungari Mineral Resources- December 20151	Mungari Mineral Resources- December 20151	Mungari Mineral Resources- December 20151	Mungari Mineral Resources- December 20151	Mungari Mineral Resources- December 20151
Mineral Resource	Measured			Indicated			Inferred			Total Resource
	Tonnes	Grade Au (g/t)	Cont. Metal Au (koz)	Tonnes	Grade Au (g/t)	Cont. Metal Au (koz)	Tonnes	Grade Au (g/t)	Cont. Metal Au (koz)	Tonnes	Grade Au (g/t)	Cont. Metal Au (koz)
	(Mt)			(Mt)			(Mt)			(Mt)
Open-Pit
White Foil	-	-	-	8.15	1.56	409	-	-	-	8.15	1.56	409
Cutters Ridge	-	-	-	0.95	1.36	42	-	-	-	0.95	1.36	42
Stockpiles	0.67	1.16	25	-	-	-	-	-	-	0.67	1.16	25
Sub Total	0.67	1.16	25	9.1	1.54	451	-	-	-	9.77	1.52	476
Underground
Frogs Leg	1.8	6.94	403	1.22	5.91	231	0.11	3.89	14	3.13	6.43	648
White Foil	-	-	-	6.77	1.9	414	3.91	1.79	225	10.68	1.86	639
Sub Total	1.8	6.94	403	7.99	2.51	645	4.02	1.86	239	13.81	2.9	1,287
Total	2.47	5.39	428	17.09	1.99	1,096	4.02	1.86	239	23.58	2.33	1,763

Notes:

Data is reported to significant figures to reflect appropriate precision and may not sum precisely due to rounding Open Pit Mineral Resource reported above cutoff of 0.5g/t Frogs Leg Underground Resource reported above cutoff of 2.5g/t White Foil Underground Resource reported above cutoff of 1.2 g/t Mineral Resources are reported inclusive of Ore Reserves

This information is extracted from the report entitled “Annual Mineral Resources and Ore Reserves Statement” released to ASX on 21 April 2016 and is available to view on www.evolutionmining.com.au. Further footnotes are provided on slide 141 of this presentation

Mun ari Re ional Mineral Resources g g

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				Mungari Regional Resources –	Mungari Regional Resources –	Mungari Regional Resources –	December 20151	December 20151
				Measured			Indicated			Inferred			Total Resource
Project	Prospect	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)
Broads Dam	BroadsDam	0.80							1.92	2.21	136	1.92	2.21	136
	BlueFunnel	0.80				0.13	2.92	12	0.24	2.78	22	0.37	2.83	34
Broads Dam Subtotal						0.13	2.92	12	2.16	2.27	158	2.29	2.31	170
Red Dam	RedDam	1.00				2.05	2.12	140	1.04	2.21	74	3.10	2.15	214
Red Dam Subtotal						2.05	2.12	140	1.04	2.21	74	3.10	2.15	214
Carbine	Carbine North	0.80				1.70	1.58	86	0.21	2.07	14	1.90	1.63	100
Carbine Subtotal						1.70	1.58	86	0.21	2.07	14	1.90	1.63	100
Zuleika-North	Lady Jane	0.80							0.62	2.49	49	0.62	2.49	49
Zuleika-North Subtotal									0.62	2.49	49	0.62	2.49	49
Ora Banda	Backflip	0.80				0.77	2.41	60	0.54	2.16	38	1.31	2.30	97
	Boundary	0.80							1.58	1.83	93	1.58	1.83	93
	Nazzaris	0.80				1.59	1.75	89	0.37	1.64	19	1.96	1.73	109
	Whitehaven	0.80							0.30	1.36	13	0.30	1.36	13
Ora Banda Subtotal						2.36	1.96	149	2.79	1.82	163	5.15	1.88	312
Castle Hill	CastleHill 1	0.80				14.04	1.12	505	10.07	1.20	388	24.11	1.15	893
	Castle Hill 2	1.00				3.03	1.64	160	3.73	1.71	205	6.76	1.68	366
	Castle Hill 3	0.80				2.38	1.43	109	1.36	1.34	59	3.74	1.40	168
	Ridgeback	1.00							0.48	2.17	33	0.48	2.17	33
Castle Hill Subtotal						19.45	1.24	775	15.64	1.36	685	35.09	1.29	1,460
Burgundy	Burgundy	1.00	0.49	1.96	31	0.40	2.27	29	0.09	1.51	4	0.98	2.04	65
Burgundy Subtotal			0.49	1.96	31	0.40	2.27	29	0.09	1.51	4	0.98	2.04	65
Kunanalling	Telegraph	0.80							0.88	1.55	44	0.88	1.55	44
	Catherwood	0.80				0.46	2.36	35	1.13	1.84	67	1.59	1.99	102
	Premier	0.80							0.16	2.07	11	0.16	2.07	11
	Emu	0.80							0.54	2.00	35	0.54	2.00	35
	Rayjax	0.80							0.24	3.00	23	0.24	3.00	23
	Cutters Ridge	0.80							1.18	1.32	50	1.18	1.32	50
Kunanalling Subtotal						1.26	2.30	94	4.30	1.72	238	6.55	1.87	393
Stockpiles						0.08	1.45	4				0.08	1.45	4
Total			0.49	1.96	31	27.43	1.46	1,289	26.85	1.60	1,385	55.75	1.54	2,767

Note: Data is reported to significant figures to reflect appropriate precision and may not sum precisely due to rounding. Mineral Resources are reported inclusive of Ore Reserves

This information is extracted from the report entitled “Annual Mineral Resources and Ore Reserves Statement” released to ASX on 21 April 2016 and is available to view on www.evolutionmining.com.au. Further footnotes are provided on slide 141 of this presentation

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AI assistant

EVOLUTION MINING LIMITED — Investor Presentation 2016

64885_rns_2016-06-27_d2a03897-eb85-4505-a625-c402cdf32bfc.pdf

Investor Day

Forward lookin statements g

Production tar et g

Material Assumptions

Competent Persons Statement

Cautionary statement concerning the proportion of Inferred Mineral Resources

Cautionary statement concerning the proportion of Exploration Target[1]

Relevant proportions of Mineral Resources and Ore Reserves underpinning the production target

A enda g

Industry landscape

Australian old minin ’s renaissance g g

Strategic vision

Play Cowal video

Key messages

Our eo le p p

“Systems drive big mining companies, people drive Evolution”

- Andrew Millar, Cracow GM

The journey so far

Production rowth g

Group attributable production

Guidin rinci les g p p

FY19 ambitions

Preliminar FY16 & June uarter estimates y q

June quarter[1]

Balance sheet

Deliverin results g

Group AISC (per ounce)

Net Mine Cash Flow (A$M)

Financial strength

Overview

FY17 uidance g

Production (koz)

AISC (A$/oz)

FY17 ca ital p

Sustaining Capital (A$M)

Major Project Capital (A$M)

Production outlook

FY15 FY16 Est FY17 FY18 FY19

 Transition to Stage H at Cowal

 Underground at Edna May

Cost outlook

AISC (A$/oz)[1]

Ca ital outlook p

Sustaining Capital (A$M)[1 ]

Major Project Capital (A$M)[1]

 Cowal plant upgrade

Cost drivers

Sensitivities and hed in g g

Gold Price +/- A$100/oz - A$M Impact

Mar ins g

Group EBITDA Margin

 Healthy margins

Debt

Gearing and Leverage Ratio

Term loan facility amortisation profile (A$M)

Dividends

Summar y

Zero harm

Continuous im rovement p

Safety programs

Environment

Waste rock storage trials at Mt Rawdon

Asset optimisation

Overview

FY16 Grou erformance p p

O eratin hiloso h p g p p y

FY19 outlook

Production (koz)

AISC (A$/oz)

Cowal

A cornerstone asset

Overview

Growth

Transformation

Site summar y

Cowal erformance and outlook p

FY16 performance[1]

EVOLUTION MINING LIMITED Investor Presentation 2016