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$5,146/oz A$7,222/oz

Home Mt Rawdon Pumped Hydro

Mt Rawdon Pumped Hydro

Location

Australia

QLD Mt Rawdon

In FY23, Mt Rawdon’s closure and Pumped Hydro Project have undergone significant milestones. The Project involves repurposing Mt Rawdon’s pit void into a lower reservoir and excavate a new upper reservoir in the nearby hill, with interconnecting underground twin water tunnels and powerhouse. This will provide Queensland with low-cost, large-scale renewable energy storage, support a more reliable energy system, and reduce risks of electricity price volatility.

It has now received ‘Coordinate Project’ status under the Queensland State Development and Public Works Organisation Act 1971, and the Queensland’s Coordinator-General has finalised the terms of reference (TOR) for an environmental impact statement (EIS) for the Mt Rawdon Pumped Hydro project. It is open for consultation now.

The Project team has since commenced targeted stakeholder engagement to provide information on community impacts, including employment, housing, health and infrastructure in Gin Gin, Mount Perry and Bundaberg. To complement this, the Mt Rawdon team also hosted a Community Information Evening at the Town Hall in Mount Perry on the 9th of June, which centred on the transition from existing mining operations to the Mt Rawdon Pumped Hydro. Approximately 70 people attended and was followed the next day with a tour of the mine site of approximately 150 participants.

We have ongoing engagement with Government, stakeholders, and communities, including our employees, and our First Nation partners to advance the project. Building capability and ensuring sustainable positive legacies remain a steadfast focus for Evolution as we learn and develop through closing out our first mine.