Northparkes (80 percent ownership)

Northparkes – strong contributor since acquisition

Our Northparkes Operations include a copper-gold mine located 27km north-west of Parkes in New South Wales, Australia, situated on the traditional lands of the Wiradjuri people. In December 2023, Evolution Mining acquired an 80 percent interest in Northparkes joining the Sumitomo Group (20 percent interest) in a longstanding
Joint Venture.

Operations commenced in 1994, with Northparkes being the first mine to use the block cave mining method in Australia. Mining production from the E48 block cave finished in December 2023 and Northparkes is currently sourcing ore from E26 Lift 1 North block cave. The onsite processing plant produces a copper-gold-silver concentrate that is trucked and railed to the Port of Newcastle before being shipped to international customers.

Positioned in the Lachlan Fold Belt, one of Australia’s most prospective Copper-Gold belts, Northparkes has a long history of Ore Reserve replenishment and growth. It is favourably located close to well-capitalised infrastructure, featuring concentrated mining options with five deposits situated within a 2km radius.

Northparkes produced 20,284 ounces of gold and 15,805 tonnes of copper during the period 16 December 2023 to 30 June 2024, at an AISC of $(2,726) per ounce (Evolution’s 80% attributable share). Operating cash flow of $152.3 million and net mine cash flow of $74.2 million was achieved for the period, after delivering on stream obligations to Triple Flag.

Evolution’s attributable share of Northparkes’ FY25 production is planned to be 40,000 to 50,000 ounces of gold and 23,000 to 27,000 tonnes of copper at an AISC of $(1,600) to $(1,400) per ounce.

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