• Northparkes E22 block cave development to establish long-life, low-cost underground operation
• Northparkes Coarse Particle Flotation Project to increase copper recovery and enable higher throughput
• Ernest Henry Bert deposit development to utilize latent mill capacity

Evolution Mining Limited has announced the approval of several growth projects that are expected to deliver higher returns across the portfolio. The key approvals include:1) Development of the Northparkes E22 block cave, establishing a long-life, low-cost bulk underground operation with a capital investment of $545M and expected returns of 28% at base case metal prices or 38% at upside metal prices.2) The Northparkes Coarse Particle Flotation Project, with a capital investment of ~$75M, expected to increase concentrate-grade adjusted copper recovery by ~2% and enable increased throughput to 8.0Mtpa without recovery losses.3) Development of the Ernest Henry Bert deposit, offering incremental additional feed to utilize latent mill capacity and generating a rate of return of 23% at base case metal prices or 48% at upside metal prices, with a total approved capital investment of $160M.Additionally, Evolution has entered into agreements to acquire the Two Times Fred and Clisbako exploration projects in British Columbia, Canada, adding drill-ready prospects to the company's exploration pipeline.

Financial Year 2026 production guidance is 710,000 to 780,000 ounces of gold and 70,000 to 80,000 tonnes of copper at an All-in Sustaining Cost range of $1,640 to $1,760 per ounce.