Disclaimer

Please note that you are now entering a website directly or indirectly maintained by a third party (the “External Site”) and that you do so at your own risk. Evolution Mining LTD., (“EVN”) has no control over the External Site, any data or other content contained therein or any additional linked websites. The link to the External Site is provided for convenience purposes only. By clicking “Accept” you acknowledge and agree that neither EVN nor third party provider Virtua Research, Inc. (“Virtua) is responsible, or accepts or assumes any responsibility or liability whatsoever for, the content, the data or the technical operation of the Linked Site. Further, by entering the External Site, you also acknowledge and agree that you completely and irrevocably waive any and all rights and claims against EVN and Virtua and further acknowledge and agree that in no event shall EVN or Virtua, its officers, employees, directors and agents be liable for any (i) indirect, consequential, incidental, special, compensatory or punitive damages, (ii) damages for loss of income, loss of business profits, business interruption, loss of data or business information, loss of or damage to property, (iii) claims of third parties, or (iv) other pecuniary loss, arising out of or related to this disclaimer or the External Site By entering the External Site, you further acknowledge and agree that the disclaimer of warranties and limitations of liability set out in this disclaimer shall apply regardless of the causes, circumstances or form of action giving rise to the loss, damage, claim or liability, even if such loss, damage, claim or liability is based upon breach of contract (including, without limitation, a claim of fundamental breach or breach of a fundamental term), tort (including, without limitation, negligence), strict liability or any other legal or equitable theory, and even if EVN and Virtua are advised of the possibility of the loss, damage, claim or liability. The waiver and release specifically includes, without limitation, any and all rights and claims pertaining to the processing of personal data, including but not limited to any rights under any applicable data protection statute(s). If in any jurisdiction, any part of this disclaimer is held to be unenforceable by a court of competent jurisdiction, such part of this disclaimer shall be restricted or eliminated to the minimum extent and the remaining disclaimer shall otherwise remain in full force and effect. Please note the information presented is deemed representative at the time of its original release. Changes in historical information may occur due to adjustments in accounting and reporting standards & procedures.

Non-IFRS Information

In addition to disclosing results determined in accordance with IFRS, EVN may also disclose certain non-IFRS and pro forma non-IFRS results of operations, including certain ratios, operational and miscellaneous data, as well as net income, diluted earnings per share, operating expenses, and operating income that make certain adjustments or exclude certain charges and gains that are outlined in the schedules included in this website. Management believes that this non-IFRS and pro forma non-IFRS information provides investors with additional information to assess EVN operating performance by making certain adjustments or excluding costs or gains and assists investors in comparing our operating performance to prior periods. Management uses this non-IFRS and pro forma non-IFRS information, along with IFRS information, in evaluating its historical operating performance. EVN and Virtua also take no responsibility for third party pricing data provided for informational purposes and certain ratio results formulated from the provided third party pricing data. The non-IFRS information is not prepared in accordance with IFRS and may not be comparable to non-IFRS information used by other companies. The non-IFRS information should not be viewed as a substitute for, or superior to, other data prepared in accordance with IFRS.

ASX: EVN

GOLD: US$5,089/oz A$7,227/oz

Home Reducing emissions through battery electric vehicles

Reducing emissions through battery electric vehicles

Location

Canada

Ontario Red Lake

Evolution’s efforts to achieve net zero emissions by 2050 will be seen through a collaborative approach across all our assets, with each Operation empowered to implement emissions reduction specific to their operating strategy. Our Red Lake Operation (RLO) is pursuing fleet replacement and energy efficiency through deepening our partnerships with Epiroc and Prairie Machine (Rokion) who are battery electric vehicle (BEV) service providers, and through operational changes via fan timers for the underground ventilation.

In partnership with Epiroc, Red Lake has taken the opportunity to leverage their offering of conversion kits to transform diesel-powered loaders easily and seamlessly to battery-electric driven. They have ordered two of the converted diesel-powered Scooptram ST1030 machines for deployment underground with the first one delivered at the start of December 2021. The site has also ordered two Scooptram ST14 battery loaders designed based on the diesel ST14 version and are scheduled for delivery in 2022.

The Red Lake team has also purchased three Rokion electric light vehicles, two R100s and an R400. They have been risk assessed in the field, have dedicated charge stations and are capable of online data capture and storage.

The electric fleet brings the opportunity to save on maintenance, cooling, and ventilation costs with reducing expenditures related to diesel and power usage.

This cost-saving and energy efficiency has similarly been seen in the recent changes to the underground vent fan timers which are vital in clearing the drives post blasting of headings. After assessing the timer programming, the functionality of the fan timer switch was altered so that operators can run them when needed rather than running automatically at irrelevant times.