• Group Mineral Resources estimated at 30Moz of gold and 4.4Mt of copper
• Group Ore Reserves estimated at 11Moz of gold and 1.4Mt of copper, with average mine life of ~15 years
• Significant growth in Mineral Resources and Ore Reserves since Evolution's inception in 2011

Evolution Mining Limited (ASX: EVN) has released its annual Mineral Resources and Ore Reserves (MROR) estimates as at 31 December 2024. The key highlights include:- Group Mineral Resources are estimated to contain 30Moz of gold and 4.4Mt of copper, representing growth in contained gold at Mungari, Ernest Henry and Northparkes, offset by changes at Red Lake.- Group Ore Reserves are estimated to contain 11Moz of gold and 1.4Mt of copper, representing an average mine life of ~15 years. The estimate shows growth in contained gold at Mungari, Ernest Henry and Northparkes, offset by changes at Red Lake.- The changes at Red Lake reflect the company's focus on consistent operations and generating sustainable positive cash flows.- Since Evolution's formation in 2011, the company's Group Mineral Resources and Ore Reserves have grown by ~430% and ~310% in contained gold, respectively, including through acquisitions and drilling, informing studies and optimisation updates.- The Group's copper Mineral Resources and Ore Reserves have also grown significantly, by 4.4Mt and 1.4Mt, respectively, since 2011.- The company has reviewed its commodity price assumptions, with Mineral Resources estimated using a gold price of $3,000/oz and Ore Reserves using $2,500/oz.

Evolution's FY2025 gold production guidance is 710,000 - 780,000 ounces and copper production of 70,000 to 80,000 tonnes at an All-in Sustaining Cost range of $1,475 - $1,575 per ounce.

The company has significant and growing copper endowment, with Mineral Resource and Ore Reserve growth across both Ernest Henry and Northparkes. Recent drilling results continue to reinforce the significant growth opportunities across Evolution's portfolio.