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$4,186/oz A$6,001/oz

Home Net zero progress update: Cowal’s ventilation on demand and Caterpillar Pathways to Sustainability Program

Net zero progress update: Cowal’s ventilation on demand and Caterpillar Pathways to Sustainability Program

Location

Australia

NSW Cowal
QLD Ernest Henry

To achieve our broader emissions reduction strategy, our teams actively assess and implement initiatives that enable operational efficiencies, emissions reductions and safer ways of working.

At our Cowal Gold Operations, we have implemented a retrofitted ventilation on demand system that dynamically adjusts airflow and fan speeds in response to real-time environmental monitoring data. With ~$12 million investment since FY24 at Cowal and more expected over the life of mine, the system will be progressively implemented throughout Cowal’s underground levels. The ventilation on demand equipment will be recovered and redeployed as levels open and close, reducing capital requirements.

The system has enabled real-time monitoring and verification of environmental data, real-time focusing of air where it is needed, reduced costs associated with leakage reduction, reduced energy consumption and emissions, and supported the safety of our people by reducing harmful air emissions. Over a 16-month period, Cowal reduced electricity consumption by ~43GWh, electricity costs by ~$5 million, and Scope 2 emissions.

The system has also enhanced the capability of our people to meet the growing need for future-ready skills in climate and technology. Employees and contractors collaborated to deliver training as the system was implemented, with training embedded in procedures and in a maintenance hub to ensure ongoing awareness and sustainability of the system. Cowal is continuously improving the system, including the tracking of vehicle beacons.

We are also supporting operational efficiencies through our involvement in the Caterpillar Pathways Sustainability Program, including participation in global learning events, early access to new technology and expert advisement of operational efficiency opportunities through the use of Caterpillar’s electrification modelling tools (simulation at Ernest Henry). Read more in the news article: ‘Partnering with Caterpillar to reduce emissions‘.

We aim to leverage the learnings from these projects to enable efficiencies at our other operations.