• Generated $406M in Group cash flow, achieving $42M net cash position
• On track to deliver FY26 gold production at lower than original cost guidance
• Approved investments in high-return organic growth projects at Northparkes and Ernest Henry

Evolution Mining Ltd reported its March 2026 Quarterly Report, highlighting its continued operational and financial strength. The company generated $406 million in Group cash flow, achieving a net cash position of $42 million by the end of the quarter. This was driven by consistent delivery across Evolution's high-margin portfolio, with record quarterly net mine cash flows at Mungari ($175 million) and Red Lake ($104 million). The company is on track to deliver FY26 gold production at lower than original cost guidance, with March quarter production of 170koz gold and 11kt copper at an All-in Sustaining Cost (AISC) of $2,220/oz. Evolution also approved investments in high-return organic growth projects at Northparkes (E22 block cave, Coarse Particle Flotation and Expansion Study) and Ernest Henry (Bert orebody), which have all commenced and remain on schedule and budget. The company's exploration program continues to deliver exciting high-grade drilling results, with new opportunities identified at Mungari, Cowal, and in North Queensland and Canada.

Evolution is on track to generate approximately $3.6 billion of operating mine cash flow in FY26.