• Evolution receives A$120 million upfront payment from Triple Flag
• Streaming rate on E44 gold-rich deposit reduced to 25% gold, 37.5% silver
• Potential to develop other gold-rich deposits at Northparkes

Evolution Mining Limited (ASX: EVN) has entered into an amended and restated Northparkes metal purchase and sale agreement with Triple Flag International Ltd, a wholly owned subsidiary of Triple Flag Precious Metals Corp. The key new terms of the agreement include: Evolution receiving an advance amount of A$120 million from Triple Flag, payable on 15 December 2026; the streaming rate over the E44 deposit, a gold-rich near surface orebody, being reduced to 25% of payable gold production and 37.5% of payable silver production (from 67.5% and 100% respectively under the previous agreement); and Triple Flag making payments to Evolution equivalent to 10% of the prevailing spot price for any ounces of gold and silver delivered from E44. In return, Evolution will commit to a binding minimum cumulative delivery obligation of 45,000 ounces of payable gold and 446,000 ounces of payable silver between FY31 and FY38. The agreement also provides a pathway to develop additional gold-rich deposits at Northparkes in the future. To meet the December 2029 FID date for E44, Evolution has approved a study to update all aspects of the prior feasibility study on E44, which will commence immediately.

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.