# EVN: Annual Report to shareholders Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/evn-annual-report-to-shareholders--ce770abb-561a-4b80-b3a0-d5d637672bab Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03155518 Publisher: asx Original announcement: 2026-10-21T21:29:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-21T22:30:58.985Z Atlas analysis updated: 2026-10-21T22:30:58.985Z - Company: Evolution Mining Limited - Ticker: EVN - Exchange: ASX - Region: Unavailable - Primary commodity: Gold - Secondary commodities: Copper, Silver - Document categories: Other, Resource update - Extracted: 2026-10-21 22:30:59 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary Evolution Mining's annual report highlights a record financial year in FY26, marked by significant increases in net profit, operating cash flow, and dividends, leading to a net cash position. The company reported a 3% increase in group gold Mineral Resources and a 5% increase in gold Ore Reserves, driven by growth at Cowal. However, group copper Mineral Resources and Ore Reserves saw a 4% decline due to depletion, despite new maiden resources at Northparkes. Reasoning: Evolution Mining reported a strong financial year with record profits and cash flow, achieving a net cash position. Gold resources and reserves saw positive growth, particularly at Cowal, while copper resources and reserves experienced a slight decline due to depletion. Several key growth projects are progressing well, but safety targets were not fully met. - Positive factor: Record financial performance including net profit, operating cash flow, and dividends. - Positive factor: Group gold Mineral Resources increased by 3% to 31 Moz. - Positive factor: Group gold Ore Reserves increased by 5% to 12 Moz. - Positive factor: Cowal gold Mineral Resources increased by 1.2 Moz and Ore Reserves by 0.67 Moz. - Positive factor: Northparkes copper Mineral Resources increased by 56 kt with maiden resources at Major Tom and E51. - Positive factor: Achieved a net cash position. - Positive factor: Several growth projects received Board approval and are on schedule/budget. - Positive factor: JORC 2012 compliant and Competent Persons signed off on estimates. - Negative factor: Group copper Mineral Resources decreased by 4% to 4.2 Mt. - Negative factor: Group copper Ore Reserves decreased by 4% to 1.3 Mt. - Negative factor: Ernest Henry copper Mineral Resources and Ore Reserves decreased due to mining depletion. - Negative factor: Red Lake gold resources decreased due to model update, conversion loss, and remnant resource removal. - Negative factor: TRIF \(Total Recordable Injury Frequency\) of 5.85 did not meet the target of 5.0. Facts used in scoring: 70 ## Classification and evidence **Tonnage Growth** Polarity: positive Definition: Significant tonnage increase \(≥15%\) vs prior estimate with grade maintained or improved. Why it applies: Group gold Mineral Resources increased by 0.9Moz \(3%\) and Group gold Ore Reserves increased by 0.5Moz \(5%\) compared to the prior year. Evidence · text > Estimated Mineral Resources increased 0.9Moz \(3%\) in contained gold... Estimated Ore Reserves increased 0.5Moz \(5%\) in contained gold **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: The annual statement of Mineral Resources and Ore Reserves has been prepared in accordance with the 2012 Edition of the ‘Australasian Code for reporting of Exploration Results, Mineral Resources and Ore Reserves’ \(the JORC Code 2012\). Evidence · text > This annual statement of Mineral Resources and Ore Reserves has been prepared in accordance with the 2012 Edition of the ‘Australasian Code for reporting of Exploration Results, Mineral Resources and Ore Reserves’ \(the JORC Code 2012\) **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: The Annual Mineral Resources and Ore Reserves Statement has been compiled by Kevin Gleeson, Group Manager Geology and Resources, and other Competent Persons are named in Table 2. Evidence · text > The Annual Mineral Resources and Ore Reserves Statement has been compiled by Kevin Gleeson, who is employed on a full-time basis by Evolution Mining Limited as Group Manager Geology and Resources and is a Fellow of the Australasian Institute of Mining and Metallurgy \(AusIMM 202246\). **Tonnage Decline** Polarity: negative Definition: Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down. Why it applies: Estimated Mineral Resources were modestly lower by 200kt \(4%\) of contained copper metal and Estimated Ore Reserves decreased slightly by 100kt \(4%\) in contained copper metal. Evidence · text > Estimated Mineral Resources were modestly lower by 200kt \(4%\) of contained copper metal... Estimated Ore Reserves decreased slightly by 100kt \(4%\) in contained copper metal **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: The document provides an 'Annual Mineral Resources and Ore Reserves Statement as at 31 December 2025', detailing updates to the company's mineral inventory. Evidence · text > Annual Mineral Resources and Ore Reserves Statement as at 31 December 2025 **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The report includes significant tonnages and contained metal in the Inferred category for multiple projects, indicating lower geological confidence for these portions. Evidence · table > Inferred Context: 60 ## Extracted facts Stored fact records: 70. Some facts used in scoring do not have a stored record. ## Resource Estimates (70) ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/evn-annual-report-to-shareholders--ce770abb-561a-4b80-b3a0-d5d637672bab#fact-resource-facts-0) Cowal · gold #### Identity - Project: Cowal - Commodity: gold - Ticker: EVN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Kevin Gleeson, Ben Reid, Ethan Robins, Peter Nichols, Krista Sutton, David Richards, Sam Ervin, Sarah Webster, Riek Muller, Paul Boamah, Jack Carswell, Ross Garling, Darren Hurst, Ryan Bettcher, Phillip Micale, Michael Corbett, Ben Young, Glen Williamson - Resource group id: resource:387a6fa521380b3a86dd - Deposit or zone: SP #### Resource Data - Category: measured - Tonnes: 52000000 - Grade: 0.49 - Grade Unit: g/t - Contained Metal: 0.82 - Contained Unit: moz - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-12-31 #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: This Measured resource for Cowal stockpiles contributes significantly to the overall gold resource, reflecting positive growth in the Measured category. - Positive factor: Significant contained gold metal in Measured category. - Positive factor: Part of overall gold resource growth. Evidence · table > 0.82 Context: 52 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/evn-annual-report-to-shareholders--ce770abb-561a-4b80-b3a0-d5d637672bab#fact-resource-facts-1) Cowal · gold #### Identity - Project: Cowal - Commodity: gold - Ticker: EVN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Kevin Gleeson, Ben Reid, Ethan Robins, Peter Nichols, Krista Sutton, David Richards, Sam Ervin, Sarah Webster, Riek Muller, Paul Boamah, Jack Carswell, Ross Garling, Darren Hurst, Ryan Bettcher, Phillip Micale, Michael Corbett, Ben Young, Glen Williamson - Resource group id: resource:a201640d765b7967efa5 - Deposit or zone: OP #### Resource Data - Category: indicated - Tonnes: 200000000 - Grade: 0.77 - Grade Unit: g/t - Contained Metal: 4.9 - Contained Unit: moz - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-12-31 #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: This Indicated open pit resource at Cowal represents a substantial portion of the project's gold endowment, showing positive growth. - Positive factor: Large tonnage and contained gold in Indicated category. - Positive factor: Contributes to overall gold resource growth at Cowal. Evidence · table > 4.9 Context: 200 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/evn-annual-report-to-shareholders--ce770abb-561a-4b80-b3a0-d5d637672bab#fact-resource-facts-2) Cowal · gold #### Identity - Project: Cowal - Commodity: gold - Ticker: EVN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Kevin Gleeson, Ben Reid, Ethan Robins, Peter Nichols, Krista Sutton, David Richards, Sam Ervin, Sarah Webster, Riek Muller, Paul Boamah, Jack Carswell, Ross Garling, Darren Hurst, Ryan Bettcher, Phillip Micale, Michael Corbett, Ben Young, Glen Williamson - Resource group id: resource:223d1bfe9f9eef7f0e0c - Deposit or zone: OP #### Resource Data - Category: inferred - Tonnes: 47000000 - Grade: 0.72 - Grade Unit: g/t - Contained Metal: 1.1 - Contained Unit: moz - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-12-31 #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: This Inferred open pit resource contributes to the project's long-term potential, though with lower confidence than Indicated resources. - Positive factor: Adds to the overall gold resource base at Cowal. Evidence · table > 1.1 Context: 47 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/evn-annual-report-to-shareholders--ce770abb-561a-4b80-b3a0-d5d637672bab#fact-resource-facts-3) Cowal · gold #### Identity - Project: Cowal - Commodity: gold - Ticker: EVN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Kevin Gleeson, Ben Reid, Ethan Robins, Peter Nichols, Krista Sutton, David Richards, Sam Ervin, Sarah Webster, Riek Muller, Paul Boamah, Jack Carswell, Ross Garling, Darren Hurst, Ryan Bettcher, Phillip Micale, Michael Corbett, Ben Young, Glen Williamson - Resource group id: resource:4760470ab065009a5b84 - Deposit or zone: UG #### Resource Data - Category: indicated - Tonnes: 31000000 - Grade: 2.42 - Grade Unit: g/t - Contained Metal: 2.4 - Contained Unit: moz - Cutoff Grade: 1.4 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2025-12-31 #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: This Indicated underground resource at Cowal provides a high-grade component to the project's gold inventory, supporting future development. - Positive factor: High-grade underground resource in the Indicated category. - Positive factor: Contributes to the overall gold resource growth at Cowal. Evidence · table > 2.4 Context: 31 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/evn-annual-report-to-shareholders--ce770abb-561a-4b80-b3a0-d5d637672bab#fact-resource-facts-4) Cowal · gold #### Identity - Project: Cowal - Commodity: gold - Ticker: EVN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Kevin Gleeson, Ben Reid, Ethan Robins, Peter Nichols, Krista Sutton, David Richards, Sam Ervin, Sarah Webster, Riek Muller, Paul Boamah, Jack Carswell, Ross Garling, Darren Hurst, Ryan Bettcher, Phillip Micale, Michael Corbett, Ben Young, Glen Williamson - Resource group id: resource:4e7974ee184ed0e10890 - Deposit or zone: UG #### Resource Data - Category: inferred - Tonnes: 13000000 - Grade: 2.17 - Grade Unit: g/t - Contained Metal: 0.92 - Contained Unit: moz - Cutoff Grade: 1.4 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2025-12-31 #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: This Inferred underground resource at Cowal offers future potential, but requires further drilling to upgrade confidence. - Positive factor: Adds to the overall gold resource base at Cowal with good grade. Evidence · table > 0.92 Context: 13 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/evn-annual-report-to-shareholders--ce770abb-561a-4b80-b3a0-d5d637672bab#fact-resource-facts-5) Ernest Henry · gold #### Identity - Project: Ernest Henry - Commodity: gold - Ticker: EVN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Kevin Gleeson, Ben Reid, Ethan Robins, Peter Nichols, Krista Sutton, David Richards, Sam Ervin, Sarah Webster, Riek Muller, Paul Boamah, Jack Carswell, Ross Garling, Darren Hurst, Ryan Bettcher, Phillip Micale, Michael Corbett, Ben Young, Glen Williamson - Resource group id: resource:5716826776a5c64ef709 - Deposit or zone: Total #### Resource Data - Category: measured - Tonnes: 31000000 - Grade: 0.79 - Grade Unit: g/t - Contained Metal: 0.8 - Contained Unit: moz - Cutoff Grade: 0.7 - Cutoff Unit: % Cu #### Prior Estimate - Resource Date: 2025-12-31 #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: This Measured resource at Ernest Henry provides a high-confidence gold component, contributing to the project's overall value. - Positive factor: Significant contained gold metal in Measured category. Evidence · table > 0.80 Context: 31 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/evn-annual-report-to-shareholders--ce770abb-561a-4b80-b3a0-d5d637672bab#fact-resource-facts-6) Ernest Henry · gold #### Identity - Project: Ernest Henry - Commodity: gold - Ticker: EVN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Kevin Gleeson, Ben Reid, Ethan Robins, Peter Nichols, Krista Sutton, David Richards, Sam Ervin, Sarah Webster, Riek Muller, Paul Boamah, Jack Carswell, Ross Garling, Darren Hurst, Ryan Bettcher, Phillip Micale, Michael Corbett, Ben Young, Glen Williamson - Resource group id: resource:73b54ec482de2d8d5b3e - Deposit or zone: Total #### Resource Data - Category: indicated - Tonnes: 49000000 - Grade: 0.79 - Grade Unit: g/t - Contained Metal: 1.2 - Contained Unit: moz - Cutoff Grade: 0.7 - Cutoff Unit: % Cu #### Prior Estimate - Resource Date: 2025-12-31 #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: This Indicated resource at Ernest Henry adds substantial gold to the project's inventory with reasonable confidence. - Positive factor: Large tonnage and contained gold in Indicated category. Evidence · table > 1.2 Context: 49 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/evn-annual-report-to-shareholders--ce770abb-561a-4b80-b3a0-d5d637672bab#fact-resource-facts-7) Ernest Henry · gold #### Identity - Project: Ernest Henry - Commodity: gold - Ticker: EVN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Kevin Gleeson, Ben Reid, Ethan Robins, Peter Nichols, Krista Sutton, David Richards, Sam Ervin, Sarah Webster, Riek Muller, Paul Boamah, Jack Carswell, Ross Garling, Darren Hurst, Ryan Bettcher, Phillip Micale, Michael Corbett, Ben Young, Glen Williamson - Resource group id: resource:9747233135d271d8d842 - Deposit or zone: Total #### Resource Data - Category: inferred - Tonnes: 25000000 - Grade: 0.76 - Grade Unit: g/t - Contained Metal: 0.6 - Contained Unit: moz - Cutoff Grade: 0.7 - Cutoff Unit: % Cu #### Prior Estimate - Resource Date: 2025-12-31 #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: This Inferred resource at Ernest Henry provides future potential for gold, but requires further work to increase confidence. - Positive factor: Adds to the overall gold resource base at Ernest Henry. Evidence · table > 0.60 Context: 25 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/evn-annual-report-to-shareholders--ce770abb-561a-4b80-b3a0-d5d637672bab#fact-resource-facts-8) Mungari · gold #### Identity - Project: Mungari - Commodity: gold - Ticker: EVN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Kevin Gleeson, Ben Reid, Ethan Robins, Peter Nichols, Krista Sutton, David Richards, Sam Ervin, Sarah Webster, Riek Muller, Paul Boamah, Jack Carswell, Ross Garling, Darren Hurst, Ryan Bettcher, Phillip Micale, Michael Corbett, Ben Young, Glen Williamson - Resource group id: resource:4cf44a74504e69a2f50c - Deposit or zone: SP #### Resource Data - Category: indicated - Tonnes: 4500000 - Grade: 0.65 - Grade Unit: g/t - Contained Metal: 0.093 - Contained Unit: moz #### Prior Estimate - Resource Date: 2025-12-31 #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: This Indicated stockpile resource at Mungari provides a low-grade, readily accessible gold source. - Positive factor: Adds to the gold resource base from stockpiles. Evidence · table > 0.093 Context: 4.5 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/evn-annual-report-to-shareholders--ce770abb-561a-4b80-b3a0-d5d637672bab#fact-resource-facts-9) Mungari · gold #### Identity - Project: Mungari - Commodity: gold - Ticker: EVN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Kevin Gleeson, Ben Reid, Ethan Robins, Peter Nichols, Krista Sutton, David Richards, Sam Ervin, Sarah Webster, Riek Muller, Paul Boamah, Jack Carswell, Ross Garling, Darren Hurst, Ryan Bettcher, Phillip Micale, Michael Corbett, Ben Young, Glen Williamson - Resource group id: resource:89636cd7bda32139046a - Deposit or zone: SP #### Resource Data - Category: inferred - Tonnes: 45000 - Grade: 1.14 - Grade Unit: g/t - Contained Metal: 0.005 - Contained Unit: moz #### Prior Estimate - Resource Date: 2025-12-31 #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: This Inferred stockpile resource at Mungari is very small and contributes minimally to the overall resource. - Negative factor: Very small contained metal amount. Evidence · table > <0.01 Context: 0.045 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/evn-annual-report-to-shareholders--ce770abb-561a-4b80-b3a0-d5d637672bab#fact-resource-facts-10) Mungari · gold #### Identity - Project: Mungari - Commodity: gold - Ticker: EVN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Kevin Gleeson, Ben Reid, Ethan Robins, Peter Nichols, Krista Sutton, David Richards, Sam Ervin, Sarah Webster, Riek Muller, Paul Boamah, Jack Carswell, Ross Garling, Darren Hurst, Ryan Bettcher, Phillip Micale, Michael Corbett, Ben Young, Glen Williamson - Resource group id: resource:40c0262f593301c93f07 - Deposit or zone: OP #### Resource Data - Category: measured - Tonnes: 190000 - Grade: 2.33 - Grade Unit: g/t - Contained Metal: 0.01 - Contained Unit: moz - Cutoff Grade: 0.25 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-12-31 #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: This Measured open pit resource at Mungari has a good grade, but the contained metal is relatively small. - Positive factor: High grade for an open pit resource in the Measured category. Evidence · table > 0.01 Context: 0.19 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/evn-annual-report-to-shareholders--ce770abb-561a-4b80-b3a0-d5d637672bab#fact-resource-facts-11) Mungari · gold #### Identity - Project: Mungari - Commodity: gold - Ticker: EVN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Kevin Gleeson, Ben Reid, Ethan Robins, Peter Nichols, Krista Sutton, David Richards, Sam Ervin, Sarah Webster, Riek Muller, Paul Boamah, Jack Carswell, Ross Garling, Darren Hurst, Ryan Bettcher, Phillip Micale, Michael Corbett, Ben Young, Glen Williamson - Resource group id: resource:636cd49049fc69b7d566 - Deposit or zone: OP #### Resource Data - Category: indicated - Tonnes: 89000000 - Grade: 0.95 - Grade Unit: g/t - Contained Metal: 2.7 - Contained Unit: moz - Cutoff Grade: 0.25 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-12-31 #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: This Indicated open pit resource at Mungari is a significant contributor to the project's gold inventory. - Positive factor: Large tonnage and contained gold in Indicated category. Evidence · table > 2.7 Context: 89 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/evn-annual-report-to-shareholders--ce770abb-561a-4b80-b3a0-d5d637672bab#fact-resource-facts-12) Mungari · gold #### Identity - Project: Mungari - Commodity: gold - Ticker: EVN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Kevin Gleeson, Ben Reid, Ethan Robins, Peter Nichols, Krista Sutton, David Richards, Sam Ervin, Sarah Webster, Riek Muller, Paul Boamah, Jack Carswell, Ross Garling, Darren Hurst, Ryan Bettcher, Phillip Micale, Michael Corbett, Ben Young, Glen Williamson - Resource group id: resource:9e2b41fc539ae92befe6 - Deposit or zone: OP #### Resource Data - Category: inferred - Tonnes: 65000000 - Grade: 0.86 - Grade Unit: g/t - Contained Metal: 1.8 - Contained Unit: moz - Cutoff Grade: 0.25 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-12-31 #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: This Inferred open pit resource at Mungari provides future potential, but requires further work to upgrade confidence. - Positive factor: Adds to the overall gold resource base at Mungari. Evidence · table > 1.8 Context: 65 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/evn-annual-report-to-shareholders--ce770abb-561a-4b80-b3a0-d5d637672bab#fact-resource-facts-13) Mungari · gold #### Identity - Project: Mungari - Commodity: gold - Ticker: EVN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Kevin Gleeson, Ben Reid, Ethan Robins, Peter Nichols, Krista Sutton, David Richards, Sam Ervin, Sarah Webster, Riek Muller, Paul Boamah, Jack Carswell, Ross Garling, Darren Hurst, Ryan Bettcher, Phillip Micale, Michael Corbett, Ben Young, Glen Williamson - Resource group id: resource:005236fadbe0f8781431 - Deposit or zone: UG #### Resource Data - Category: measured - Tonnes: 1900000 - Grade: 5.22 - Grade Unit: g/t - Contained Metal: 0.31 - Contained Unit: moz - Cutoff Grade: 1.9 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-12-31 #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: This Measured underground resource at Mungari provides a high-grade, high-confidence gold component. - Positive factor: High-grade underground resource in the Measured category. Evidence · table > 0.31 Context: 1.9 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/evn-annual-report-to-shareholders--ce770abb-561a-4b80-b3a0-d5d637672bab#fact-resource-facts-14) Mungari · gold #### Identity - Project: Mungari - Commodity: gold - Ticker: EVN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Kevin Gleeson, Ben Reid, Ethan Robins, Peter Nichols, Krista Sutton, David Richards, Sam Ervin, Sarah Webster, Riek Muller, Paul Boamah, Jack Carswell, Ross Garling, Darren Hurst, Ryan Bettcher, Phillip Micale, Michael Corbett, Ben Young, Glen Williamson - Resource group id: resource:3f43330d4276e9a1153d - Deposit or zone: UG #### Resource Data - Category: indicated - Tonnes: 7800000 - Grade: 4.87 - Grade Unit: g/t - Contained Metal: 1.2 - Contained Unit: moz - Cutoff Grade: 1.9 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-12-31 #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: This Indicated underground resource at Mungari provides a significant high-grade gold component with good confidence. - Positive factor: High-grade underground resource in the Indicated category. Evidence · table > 1.2 Context: 7.8 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/evn-annual-report-to-shareholders--ce770abb-561a-4b80-b3a0-d5d637672bab#fact-resource-facts-15) Mungari · gold #### Identity - Project: Mungari - Commodity: gold - Ticker: EVN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Kevin Gleeson, Ben Reid, Ethan Robins, Peter Nichols, Krista Sutton, David Richards, Sam Ervin, Sarah Webster, Riek Muller, Paul Boamah, Jack Carswell, Ross Garling, Darren Hurst, Ryan Bettcher, Phillip Micale, Michael Corbett, Ben Young, Glen Williamson - Resource group id: resource:6a7604db4ccdbd5b6e59 - Deposit or zone: UG #### Resource Data - Category: inferred - Tonnes: 7600000 - Grade: 4.24 - Grade Unit: g/t - Contained Metal: 1 - Contained Unit: moz - Cutoff Grade: 1.9 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-12-31 #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: This Inferred underground resource at Mungari provides future high-grade potential, but requires further work to upgrade confidence. - Positive factor: High-grade underground resource in the Inferred category. Evidence · table > 1.0 Context: 7.6 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/evn-annual-report-to-shareholders--ce770abb-561a-4b80-b3a0-d5d637672bab#fact-resource-facts-16) Red Lake · gold #### Identity - Project: Red Lake - Commodity: gold - Ticker: EVN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Kevin Gleeson, Ben Reid, Ethan Robins, Peter Nichols, Krista Sutton, David Richards, Sam Ervin, Sarah Webster, Riek Muller, Paul Boamah, Jack Carswell, Ross Garling, Darren Hurst, Ryan Bettcher, Phillip Micale, Michael Corbett, Ben Young, Glen Williamson - Resource group id: resource:c7555c22f27be921f16b - Deposit or zone: T #### Resource Data - Category: indicated - Tonnes: 12000000 - Grade: 1.17 - Grade Unit: g/t - Contained Metal: 0.46 - Contained Unit: moz - Cutoff Grade: 0.5 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-12-31 #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: This Indicated tailings resource at Red Lake provides a low-cost gold source, but overall Red Lake resources decreased. - Positive factor: Adds to the gold resource base from tailings. Evidence · table > 0.46 Context: 12 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/evn-annual-report-to-shareholders--ce770abb-561a-4b80-b3a0-d5d637672bab#fact-resource-facts-17) Red Lake · gold #### Identity - Project: Red Lake - Commodity: gold - Ticker: EVN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Kevin Gleeson, Ben Reid, Ethan Robins, Peter Nichols, Krista Sutton, David Richards, Sam Ervin, Sarah Webster, Riek Muller, Paul Boamah, Jack Carswell, Ross Garling, Darren Hurst, Ryan Bettcher, Phillip Micale, Michael Corbett, Ben Young, Glen Williamson - Resource group id: resource:fd19c645fe8a2f38bec1 - Deposit or zone: T #### Resource Data - Category: inferred - Tonnes: 5600000 - Grade: 0.74 - Grade Unit: g/t - Contained Metal: 0.13 - Contained Unit: moz - Cutoff Grade: 0.5 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-12-31 #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: This Inferred tailings resource at Red Lake adds to the resource base but with lower confidence and contributes to the overall decrease in Red Lake gold resources. - Negative factor: Lower confidence category for tailings resource. Evidence · table > 0.13 Context: 5.6 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/evn-annual-report-to-shareholders--ce770abb-561a-4b80-b3a0-d5d637672bab#fact-resource-facts-18) Red Lake · gold #### Identity - Project: Red Lake - Commodity: gold - Ticker: EVN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Kevin Gleeson, Ben Reid, Ethan Robins, Peter Nichols, Krista Sutton, David Richards, Sam Ervin, Sarah Webster, Riek Muller, Paul Boamah, Jack Carswell, Ross Garling, Darren Hurst, Ryan Bettcher, Phillip Micale, Michael Corbett, Ben Young, Glen Williamson - Resource group id: resource:b4500a44c44adaf6430c - Deposit or zone: UG #### Resource Data - Category: indicated - Tonnes: 27000000 - Grade: 4.78 - Grade Unit: g/t - Contained Metal: 4.2 - Contained Unit: moz - Cutoff Grade: 2.6 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-12-31 #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: This Indicated underground resource at Red Lake is a substantial high-grade gold component, but the project's overall gold resources declined. - Positive factor: Significant high-grade underground resource in the Indicated category. - Negative factor: Red Lake overall gold resources decreased. Evidence · table > 4.2 Context: 27 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/evn-annual-report-to-shareholders--ce770abb-561a-4b80-b3a0-d5d637672bab#fact-resource-facts-19) Red Lake · gold #### Identity - Project: Red Lake - Commodity: gold - Ticker: EVN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Kevin Gleeson, Ben Reid, Ethan Robins, Peter Nichols, Krista Sutton, David Richards, Sam Ervin, Sarah Webster, Riek Muller, Paul Boamah, Jack Carswell, Ross Garling, Darren Hurst, Ryan Bettcher, Phillip Micale, Michael Corbett, Ben Young, Glen Williamson - Resource group id: resource:9b5640191b2d5ed8b1f6 - Deposit or zone: UG #### Resource Data - Category: inferred - Tonnes: 15000000 - Grade: 4.59 - Grade Unit: g/t - Contained Metal: 2.2 - Contained Unit: moz - Cutoff Grade: 2.6 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-12-31 #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: This Inferred underground resource at Red Lake provides future high-grade potential, but the project's overall gold resources declined. - Positive factor: Significant high-grade underground resource in the Inferred category. - Negative factor: Red Lake overall gold resources decreased. Evidence · table > 2.2 Context: 15 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/evn-annual-report-to-shareholders--ce770abb-561a-4b80-b3a0-d5d637672bab#fact-resource-facts-20) Mt Rawdon · gold #### Identity - Project: Mt Rawdon - Commodity: gold - Ticker: EVN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Kevin Gleeson, Ben Reid, Ethan Robins, Peter Nichols, Krista Sutton, David Richards, Sam Ervin, Sarah Webster, Riek Muller, Paul Boamah, Jack Carswell, Ross Garling, Darren Hurst, Ryan Bettcher, Phillip Micale, Michael Corbett, Ben Young, Glen Williamson - Resource group id: resource:e070c9350d980e072210 - Deposit or zone: OP #### Resource Data - Category: indicated - Tonnes: 500000 - Grade: 0.58 - Grade Unit: g/t - Contained Metal: 0.005 - Contained Unit: moz #### Prior Estimate - Resource Date: 2025-12-31 #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: This Indicated open pit resource at Mt Rawdon is very small and the mine is transitioning to closure, limiting its future impact. - Negative factor: Very small contained metal amount. - Negative factor: Mine is nearing end of operations. Evidence · table > <0.01 Context: 0.5 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/evn-annual-report-to-shareholders--ce770abb-561a-4b80-b3a0-d5d637672bab#fact-resource-facts-21) Marsden · gold #### Identity - Project: Marsden - Commodity: gold - Ticker: EVN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Kevin Gleeson, Ben Reid, Ethan Robins, Peter Nichols, Krista Sutton, David Richards, Sam Ervin, Sarah Webster, Riek Muller, Paul Boamah, Jack Carswell, Ross Garling, Darren Hurst, Ryan Bettcher, Phillip Micale, Michael Corbett, Ben Young, Glen Williamson - Resource group id: resource:9a4ce1dd8a7b5dd37595 - Deposit or zone: OP #### Resource Data - Category: indicated - Tonnes: 93000000 - Grade: 0.3 - Grade Unit: g/t - Contained Metal: 0.9 - Contained Unit: moz - Cutoff Grade: 0.2 - Cutoff Unit: % Cu #### Prior Estimate - Resource Date: 2025-12-31 #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: This Indicated open pit resource at Marsden has a low gold grade and the project's overall gold resources decreased. - Negative factor: Marsden gold resources decreased overall. - Negative factor: Low grade for gold. Evidence · table > 0.90 Context: 93 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/evn-annual-report-to-shareholders--ce770abb-561a-4b80-b3a0-d5d637672bab#fact-resource-facts-22) Marsden · gold #### Identity - Project: Marsden - Commodity: gold - Ticker: EVN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Kevin Gleeson, Ben Reid, Ethan Robins, Peter Nichols, Krista Sutton, David Richards, Sam Ervin, Sarah Webster, Riek Muller, Paul Boamah, Jack Carswell, Ross Garling, Darren Hurst, Ryan Bettcher, Phillip Micale, Michael Corbett, Ben Young, Glen Williamson - Resource group id: resource:b899d14240a5bedb7255 - Deposit or zone: OP #### Resource Data - Category: inferred - Tonnes: 4200000 - Grade: 0.16 - Grade Unit: g/t - Contained Metal: 0.022 - Contained Unit: moz - Cutoff Grade: 0.2 - Cutoff Unit: % Cu #### Prior Estimate - Resource Date: 2025-12-31 #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: This Inferred open pit resource at Marsden has a very low gold grade and the project's overall gold resources declined. - Negative factor: Very low grade for gold. - Negative factor: Marsden gold resources decreased overall. Evidence · table > 0.022 Context: 4.2 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/evn-annual-report-to-shareholders--ce770abb-561a-4b80-b3a0-d5d637672bab#fact-resource-facts-23) Northparkes · gold #### Identity - Project: Northparkes - Commodity: gold - Ticker: EVN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Kevin Gleeson, Ben Reid, Ethan Robins, Peter Nichols, Krista Sutton, David Richards, Sam Ervin, Sarah Webster, Riek Muller, Paul Boamah, Jack Carswell, Ross Garling, Darren Hurst, Ryan Bettcher, Phillip Micale, Michael Corbett, Ben Young, Glen Williamson - Resource group id: resource:1e7e91d2d566f096bb24 - Deposit or zone: SP #### Resource Data - Category: measured - Tonnes: 5100000 - Grade: 0.44 - Grade Unit: g/t - Contained Metal: 0.07 - Contained Unit: moz #### Prior Estimate - Resource Date: 2025-12-31 #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: This Measured stockpile resource at Northparkes provides a low-grade, high-confidence gold source. - Positive factor: Adds to the gold resource base from stockpiles. Evidence · table > 0.07 Context: 5.1 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/evn-annual-report-to-shareholders--ce770abb-561a-4b80-b3a0-d5d637672bab#fact-resource-facts-24) Northparkes · gold #### Identity - Project: Northparkes - Commodity: gold - Ticker: EVN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Kevin Gleeson, Ben Reid, Ethan Robins, Peter Nichols, Krista Sutton, David Richards, Sam Ervin, Sarah Webster, Riek Muller, Paul Boamah, Jack Carswell, Ross Garling, Darren Hurst, Ryan Bettcher, Phillip Micale, Michael Corbett, Ben Young, Glen Williamson - Resource group id: resource:b25e5164769ff0206203 - Deposit or zone: OP #### Resource Data - Category: measured - Tonnes: 12000000 - Grade: 0.78 - Grade Unit: g/t - Contained Metal: 0.29 - Contained Unit: moz #### Prior Estimate - Resource Date: 2025-12-31 #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: This Measured open pit resource at Northparkes contributes to the project's gold inventory with high confidence. - Positive factor: Adds to the gold resource base in the Measured category. Evidence · table > 0.29 Context: 12 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/evn-annual-report-to-shareholders--ce770abb-561a-4b80-b3a0-d5d637672bab#fact-resource-facts-25) Northparkes · gold #### Identity - Project: Northparkes - Commodity: gold - Ticker: EVN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Kevin Gleeson, Ben Reid, Ethan Robins, Peter Nichols, Krista Sutton, David Richards, Sam Ervin, Sarah Webster, Riek Muller, Paul Boamah, Jack Carswell, Ross Garling, Darren Hurst, Ryan Bettcher, Phillip Micale, Michael Corbett, Ben Young, Glen Williamson - Resource group id: resource:013024b4dd17307c9446 - Deposit or zone: OP #### Resource Data - Category: indicated - Tonnes: 24000000 - Grade: 0.34 - Grade Unit: g/t - Contained Metal: 0.26 - Contained Unit: moz #### Prior Estimate - Resource Date: 2025-12-31 #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: This Indicated open pit resource at Northparkes contributes to the project's gold inventory with reasonable confidence. - Positive factor: Adds to the gold resource base in the Indicated category. Evidence · table > 0.26 Context: 24 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/evn-annual-report-to-shareholders--ce770abb-561a-4b80-b3a0-d5d637672bab#fact-resource-facts-26) Northparkes · gold #### Identity - Project: Northparkes - Commodity: gold - Ticker: EVN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Kevin Gleeson, Ben Reid, Ethan Robins, Peter Nichols, Krista Sutton, David Richards, Sam Ervin, Sarah Webster, Riek Muller, Paul Boamah, Jack Carswell, Ross Garling, Darren Hurst, Ryan Bettcher, Phillip Micale, Michael Corbett, Ben Young, Glen Williamson - Resource group id: resource:d010248444cb8b3b2d6d - Deposit or zone: OP #### Resource Data - Category: inferred - Tonnes: 7200000 - Grade: 0.16 - Grade Unit: g/t - Contained Metal: 0.037 - Contained Unit: moz #### Prior Estimate - Resource Date: 2025-12-31 #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: This Inferred open pit resource at Northparkes has a very low gold grade, contributing minimally to the overall resource. - Negative factor: Very low grade for gold. Evidence · table > 0.037 Context: 7.2 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/evn-annual-report-to-shareholders--ce770abb-561a-4b80-b3a0-d5d637672bab#fact-resource-facts-27) Northparkes · gold #### Identity - Project: Northparkes - Commodity: gold - Ticker: EVN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Kevin Gleeson, Ben Reid, Ethan Robins, Peter Nichols, Krista Sutton, David Richards, Sam Ervin, Sarah Webster, Riek Muller, Paul Boamah, Jack Carswell, Ross Garling, Darren Hurst, Ryan Bettcher, Phillip Micale, Michael Corbett, Ben Young, Glen Williamson - Resource group id: resource:0fe163de115183e1a784 - Deposit or zone: UG #### Resource Data - Category: measured - Tonnes: 150000000 - Grade: 0.2 - Grade Unit: g/t - Contained Metal: 0.98 - Contained Unit: moz #### Prior Estimate - Resource Date: 2025-12-31 #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: This Measured underground resource at Northparkes provides a high-confidence gold component, contributing to the project's overall value. - Positive factor: Significant contained gold metal in Measured category. Evidence · table > 0.98 Context: 150 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/evn-annual-report-to-shareholders--ce770abb-561a-4b80-b3a0-d5d637672bab#fact-resource-facts-28) Northparkes · gold #### Identity - Project: Northparkes - Commodity: gold - Ticker: EVN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Kevin Gleeson, Ben Reid, Ethan Robins, Peter Nichols, Krista Sutton, David Richards, Sam Ervin, Sarah Webster, Riek Muller, Paul Boamah, Jack Carswell, Ross Garling, Darren Hurst, Ryan Bettcher, Phillip Micale, Michael Corbett, Ben Young, Glen Williamson - Resource group id: resource:507c3a3a6b4ece51a047 - Deposit or zone: UG #### Resource Data - Category: indicated - Tonnes: 260000000 - Grade: 0.14 - Grade Unit: g/t - Contained Metal: 1.2 - Contained Unit: moz #### Prior Estimate - Resource Date: 2025-12-31 #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: This Indicated underground resource at Northparkes adds substantial gold to the project's inventory with reasonable confidence. - Positive factor: Large tonnage and contained gold in Indicated category. Evidence · table > 1.2 Context: 260 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/evn-annual-report-to-shareholders--ce770abb-561a-4b80-b3a0-d5d637672bab#fact-resource-facts-29) Northparkes · gold #### Identity - Project: Northparkes - Commodity: gold - Ticker: EVN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Kevin Gleeson, Ben Reid, Ethan Robins, Peter Nichols, Krista Sutton, David Richards, Sam Ervin, Sarah Webster, Riek Muller, Paul Boamah, Jack Carswell, Ross Garling, Darren Hurst, Ryan Bettcher, Phillip Micale, Michael Corbett, Ben Young, Glen Williamson - Resource group id: resource:ea38e9af224305f2bb7e - Deposit or zone: UG #### Resource Data - Category: inferred - Tonnes: 39000000 - Grade: 0.16 - Grade Unit: g/t - Contained Metal: 0.2 - Contained Unit: moz #### Prior Estimate - Resource Date: 2025-12-31 #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: This Inferred underground resource at Northparkes provides future potential for gold, but requires further work to increase confidence. - Positive factor: Adds to the overall gold resource base at Northparkes. Evidence · table > 0.20 Context: 39 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### proven [Link to this fact](https://atlas-staging.minestarters.com/news/evn-annual-report-to-shareholders--ce770abb-561a-4b80-b3a0-d5d637672bab#fact-resource-facts-30) Cowal · gold #### Identity - Project: Cowal - Commodity: gold - Ticker: EVN #### Resource scope - Estimate type: reserve - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Kevin Gleeson, Ben Reid, Ethan Robins, Peter Nichols, Krista Sutton, David Richards, Sam Ervin, Sarah Webster, Riek Muller, Paul Boamah, Jack Carswell, Ross Garling, Darren Hurst, Ryan Bettcher, Phillip Micale, Michael Corbett, Ben Young, Glen Williamson - Resource group id: resource:ac15f31ab0023a885f5f - Deposit or zone: SP #### Resource Data - Category: proven - Tonnes: 44000000 - Grade: 0.52 - Grade Unit: g/t - Contained Metal: 0.73 - Contained Unit: moz - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-12-31 #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: This Proven reserve for Cowal stockpiles contributes significantly to the overall gold reserve, reflecting high confidence and economic viability. - Positive factor: Significant contained gold metal in Proven category. - Positive factor: Contributes to overall gold reserve growth. Evidence · table > 0.73 Context: 44 #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/evn-annual-report-to-shareholders--ce770abb-561a-4b80-b3a0-d5d637672bab#fact-resource-facts-31) Cowal · gold #### Identity - Project: Cowal - Commodity: gold - Ticker: EVN #### Resource scope - Estimate type: reserve - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Kevin Gleeson, Ben Reid, Ethan Robins, Peter Nichols, Krista Sutton, David Richards, Sam Ervin, Sarah Webster, Riek Muller, Paul Boamah, Jack Carswell, Ross Garling, Darren Hurst, Ryan Bettcher, Phillip Micale, Michael Corbett, Ben Young, Glen Williamson - Resource group id: resource:7723aeed20436f5603b8 - Deposit or zone: SP #### Resource Data - Category: probable - Tonnes: 2000000 - Grade: 0.37 - Grade Unit: g/t - Contained Metal: 0.024 - Contained Unit: moz - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-12-31 #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: This Probable reserve for Cowal stockpiles contributes to the overall gold reserve, but with lower confidence and smaller scale. - Positive factor: Adds to the gold reserve base from stockpiles. Evidence · table > 0.024 Context: 2.0 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/evn-annual-report-to-shareholders--ce770abb-561a-4b80-b3a0-d5d637672bab#fact-resource-facts-32) Cowal · gold #### Identity - Project: Cowal - Commodity: gold - Ticker: EVN #### Resource scope - Estimate type: reserve - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Kevin Gleeson, Ben Reid, Ethan Robins, Peter Nichols, Krista Sutton, David Richards, Sam Ervin, Sarah Webster, Riek Muller, Paul Boamah, Jack Carswell, Ross Garling, Darren Hurst, Ryan Bettcher, Phillip Micale, Michael Corbett, Ben Young, Glen Williamson - Resource group id: resource:1fa3bec8113bff276d40 - Deposit or zone: OP #### Resource Data - Category: probable - Tonnes: 110000000 - Grade: 0.78 - Grade Unit: g/t - Contained Metal: 2.7 - Contained Unit: moz - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-12-31 #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: This Probable open pit reserve at Cowal represents a substantial portion of the project's gold reserves, showing positive growth. - Positive factor: Large tonnage and contained gold in Probable category. - Positive factor: Contributes to overall gold reserve growth at Cowal. Evidence · table > 2.7 Context: 110 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/evn-annual-report-to-shareholders--ce770abb-561a-4b80-b3a0-d5d637672bab#fact-resource-facts-33) Cowal · gold #### Identity - Project: Cowal - Commodity: gold - Ticker: EVN #### Resource scope - Estimate type: reserve - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Kevin Gleeson, Ben Reid, Ethan Robins, Peter Nichols, Krista Sutton, David Richards, Sam Ervin, Sarah Webster, Riek Muller, Paul Boamah, Jack Carswell, Ross Garling, Darren Hurst, Ryan Bettcher, Phillip Micale, Michael Corbett, Ben Young, Glen Williamson - Resource group id: resource:004a016ccb4726df80e9 - Deposit or zone: UG #### Resource Data - Category: probable - Tonnes: 26000000 - Grade: 2.02 - Grade Unit: g/t - Contained Metal: 1.7 - Contained Unit: moz - Cutoff Grade: 1.5 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-12-31 #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: This Probable underground reserve at Cowal provides a significant high-grade gold component to the project's reserves. - Positive factor: High-grade underground reserve in the Probable category. - Positive factor: Contributes to overall gold reserve growth at Cowal. Evidence · table > 1.7 Context: 26 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### proven [Link to this fact](https://atlas-staging.minestarters.com/news/evn-annual-report-to-shareholders--ce770abb-561a-4b80-b3a0-d5d637672bab#fact-resource-facts-34) Ernest Henry · gold #### Identity - Project: Ernest Henry - Commodity: gold - Ticker: EVN #### Resource scope - Estimate type: reserve - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Kevin Gleeson, Ben Reid, Ethan Robins, Peter Nichols, Krista Sutton, David Richards, Sam Ervin, Sarah Webster, Riek Muller, Paul Boamah, Jack Carswell, Ross Garling, Darren Hurst, Ryan Bettcher, Phillip Micale, Michael Corbett, Ben Young, Glen Williamson - Resource group id: resource:194d8639604593ce04a9 - Deposit or zone: UG #### Resource Data - Category: proven - Tonnes: 27000000 - Grade: 0.65 - Grade Unit: g/t - Contained Metal: 0.57 - Contained Unit: moz - Cutoff Grade: 0.75 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-12-31 #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: This Proven reserve at Ernest Henry provides a high-confidence gold component, contributing to the project's overall value. - Positive factor: Significant contained gold metal in Proven category. Evidence · table > 0.57 Context: 27 #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/evn-annual-report-to-shareholders--ce770abb-561a-4b80-b3a0-d5d637672bab#fact-resource-facts-35) Ernest Henry · gold #### Identity - Project: Ernest Henry - Commodity: gold - Ticker: EVN #### Resource scope - Estimate type: reserve - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Kevin Gleeson, Ben Reid, Ethan Robins, Peter Nichols, Krista Sutton, David Richards, Sam Ervin, Sarah Webster, Riek Muller, Paul Boamah, Jack Carswell, Ross Garling, Darren Hurst, Ryan Bettcher, Phillip Micale, Michael Corbett, Ben Young, Glen Williamson - Resource group id: resource:87c65ef994a5d2864fa9 - Deposit or zone: UG #### Resource Data - Category: probable - Tonnes: 46000000 - Grade: 0.35 - Grade Unit: g/t - Contained Metal: 0.51 - Contained Unit: moz - Cutoff Grade: 0.75 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-12-31 #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: This Probable reserve at Ernest Henry contributes to the project's gold inventory, but with lower confidence and grade than the Proven category. - Positive factor: Adds to the gold reserve base in the Probable category. Evidence · table > 0.51 Context: 46 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/evn-annual-report-to-shareholders--ce770abb-561a-4b80-b3a0-d5d637672bab#fact-resource-facts-36) Mungari · gold #### Identity - Project: Mungari - Commodity: gold - Ticker: EVN #### Resource scope - Estimate type: reserve - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Kevin Gleeson, Ben Reid, Ethan Robins, Peter Nichols, Krista Sutton, David Richards, Sam Ervin, Sarah Webster, Riek Muller, Paul Boamah, Jack Carswell, Ross Garling, Darren Hurst, Ryan Bettcher, Phillip Micale, Michael Corbett, Ben Young, Glen Williamson - Resource group id: resource:6f1b530d397b9613af7f - Deposit or zone: SP #### Resource Data - Category: probable - Tonnes: 4000000 - Grade: 0.67 - Grade Unit: g/t - Contained Metal: 0.086 - Contained Unit: moz #### Prior Estimate - Resource Date: 2025-12-31 #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: This Probable stockpile reserve at Mungari provides a low-grade, accessible gold source. - Positive factor: Adds to the gold reserve base from stockpiles. Evidence · table > 0.086 Context: 4.0 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/evn-annual-report-to-shareholders--ce770abb-561a-4b80-b3a0-d5d637672bab#fact-resource-facts-37) Mungari · gold #### Identity - Project: Mungari - Commodity: gold - Ticker: EVN #### Resource scope - Estimate type: reserve - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Kevin Gleeson, Ben Reid, Ethan Robins, Peter Nichols, Krista Sutton, David Richards, Sam Ervin, Sarah Webster, Riek Muller, Paul Boamah, Jack Carswell, Ross Garling, Darren Hurst, Ryan Bettcher, Phillip Micale, Michael Corbett, Ben Young, Glen Williamson - Resource group id: resource:d7f52f7e4ac24339c890 - Deposit or zone: OP #### Resource Data - Category: probable - Tonnes: 38000000 - Grade: 1.07 - Grade Unit: g/t - Contained Metal: 1.3 - Contained Unit: moz - Cutoff Grade: 0.4 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-12-31 #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: This Probable open pit reserve at Mungari is a substantial contributor to the project's gold reserves. - Positive factor: Significant contained gold metal in Probable category. Evidence · table > 1.3 Context: 38 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### proven [Link to this fact](https://atlas-staging.minestarters.com/news/evn-annual-report-to-shareholders--ce770abb-561a-4b80-b3a0-d5d637672bab#fact-resource-facts-38) Mungari · gold #### Identity - Project: Mungari - Commodity: gold - Ticker: EVN #### Resource scope - Estimate type: reserve - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Kevin Gleeson, Ben Reid, Ethan Robins, Peter Nichols, Krista Sutton, David Richards, Sam Ervin, Sarah Webster, Riek Muller, Paul Boamah, Jack Carswell, Ross Garling, Darren Hurst, Ryan Bettcher, Phillip Micale, Michael Corbett, Ben Young, Glen Williamson - Resource group id: resource:cf5e628f039293c88782 - Deposit or zone: UG #### Resource Data - Category: proven - Tonnes: 570000 - Grade: 3.87 - Grade Unit: g/t - Contained Metal: 0.071 - Contained Unit: moz - Cutoff Grade: 2.2 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-12-31 #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: This Proven underground reserve at Mungari provides a high-grade, high-confidence gold component, though small in scale. - Positive factor: High-grade underground reserve in the Proven category. Evidence · table > 0.071 Context: 0.57 #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/evn-annual-report-to-shareholders--ce770abb-561a-4b80-b3a0-d5d637672bab#fact-resource-facts-39) Mungari · gold #### Identity - Project: Mungari - Commodity: gold - Ticker: EVN #### Resource scope - Estimate type: reserve - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Kevin Gleeson, Ben Reid, Ethan Robins, Peter Nichols, Krista Sutton, David Richards, Sam Ervin, Sarah Webster, Riek Muller, Paul Boamah, Jack Carswell, Ross Garling, Darren Hurst, Ryan Bettcher, Phillip Micale, Michael Corbett, Ben Young, Glen Williamson - Resource group id: resource:205f513a9f7539af0c0f - Deposit or zone: UG #### Resource Data - Category: probable - Tonnes: 4400000 - Grade: 4.26 - Grade Unit: g/t - Contained Metal: 0.6 - Contained Unit: moz - Cutoff Grade: 2.2 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-12-31 #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: This Probable underground reserve at Mungari provides a significant high-grade gold component with good confidence. - Positive factor: High-grade underground reserve in the Probable category. Evidence · table > 0.60 Context: 4.4 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/evn-annual-report-to-shareholders--ce770abb-561a-4b80-b3a0-d5d637672bab#fact-resource-facts-40) Red Lake · gold #### Identity - Project: Red Lake - Commodity: gold - Ticker: EVN #### Resource scope - Estimate type: reserve - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Kevin Gleeson, Ben Reid, Ethan Robins, Peter Nichols, Krista Sutton, David Richards, Sam Ervin, Sarah Webster, Riek Muller, Paul Boamah, Jack Carswell, Ross Garling, Darren Hurst, Ryan Bettcher, Phillip Micale, Michael Corbett, Ben Young, Glen Williamson - Resource group id: resource:e20bd6fd8ea079283a77 - Deposit or zone: T #### Resource Data - Category: probable - Tonnes: 6800000 - Grade: 1.31 - Grade Unit: g/t - Contained Metal: 0.29 - Contained Unit: moz #### Prior Estimate - Resource Date: 2025-12-31 #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: This Probable tailings reserve at Red Lake provides a low-cost gold source, but overall Red Lake reserves remained flat. - Positive factor: Adds to the gold reserve base from tailings. Evidence · table > 0.29 Context: 6.8 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/evn-annual-report-to-shareholders--ce770abb-561a-4b80-b3a0-d5d637672bab#fact-resource-facts-41) Red Lake · gold #### Identity - Project: Red Lake - Commodity: gold - Ticker: EVN #### Resource scope - Estimate type: reserve - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Kevin Gleeson, Ben Reid, Ethan Robins, Peter Nichols, Krista Sutton, David Richards, Sam Ervin, Sarah Webster, Riek Muller, Paul Boamah, Jack Carswell, Ross Garling, Darren Hurst, Ryan Bettcher, Phillip Micale, Michael Corbett, Ben Young, Glen Williamson - Resource group id: resource:9e4864c882826f6334ae - Deposit or zone: UG #### Resource Data - Category: probable - Tonnes: 11000000 - Grade: 4.57 - Grade Unit: g/t - Contained Metal: 1.7 - Contained Unit: moz - Cutoff Grade: 3.2 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-12-31 #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: This Probable underground reserve at Red Lake is a substantial high-grade gold component, contributing to the project's reserves. - Positive factor: Significant high-grade underground reserve in the Probable category. Evidence · table > 1.7 Context: 11 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/evn-annual-report-to-shareholders--ce770abb-561a-4b80-b3a0-d5d637672bab#fact-resource-facts-42) Mt Rawdon · gold #### Identity - Project: Mt Rawdon - Commodity: gold - Ticker: EVN #### Resource scope - Estimate type: reserve - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Kevin Gleeson, Ben Reid, Ethan Robins, Peter Nichols, Krista Sutton, David Richards, Sam Ervin, Sarah Webster, Riek Muller, Paul Boamah, Jack Carswell, Ross Garling, Darren Hurst, Ryan Bettcher, Phillip Micale, Michael Corbett, Ben Young, Glen Williamson - Resource group id: resource:ace206124019c063ef88 - Deposit or zone: OP #### Resource Data - Category: probable - Tonnes: 500000 - Grade: 0.58 - Grade Unit: g/t - Contained Metal: 0.005 - Contained Unit: moz #### Prior Estimate - Resource Date: 2025-12-31 #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: This Probable open pit reserve at Mt Rawdon is very small and the mine is transitioning to closure, limiting its future impact. - Negative factor: Very small contained metal amount. - Negative factor: Mine is nearing end of operations. Evidence · table > <0.01 Context: 0.50 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/evn-annual-report-to-shareholders--ce770abb-561a-4b80-b3a0-d5d637672bab#fact-resource-facts-43) Marsden · gold #### Identity - Project: Marsden - Commodity: gold - Ticker: EVN #### Resource scope - Estimate type: reserve - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Kevin Gleeson, Ben Reid, Ethan Robins, Peter Nichols, Krista Sutton, David Richards, Sam Ervin, Sarah Webster, Riek Muller, Paul Boamah, Jack Carswell, Ross Garling, Darren Hurst, Ryan Bettcher, Phillip Micale, Michael Corbett, Ben Young, Glen Williamson - Resource group id: resource:2e9042c0353a4a8bbc6e - Deposit or zone: OP #### Resource Data - Category: probable - Tonnes: 68000000 - Grade: 0.36 - Grade Unit: g/t - Contained Metal: 0.79 - Contained Unit: moz - Cutoff Grade: 0.3 - Cutoff Unit: % Cu #### Prior Estimate - Resource Date: 2025-12-31 #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: This Probable open pit reserve at Marsden has a low gold grade and the project's overall gold reserves declined. - Negative factor: Marsden gold reserves decreased overall. - Negative factor: Low grade for gold. Evidence · table > 0.79 Context: 68 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### proven [Link to this fact](https://atlas-staging.minestarters.com/news/evn-annual-report-to-shareholders--ce770abb-561a-4b80-b3a0-d5d637672bab#fact-resource-facts-44) Northparkes · gold #### Identity - Project: Northparkes - Commodity: gold - Ticker: EVN #### Resource scope - Estimate type: reserve - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Kevin Gleeson, Ben Reid, Ethan Robins, Peter Nichols, Krista Sutton, David Richards, Sam Ervin, Sarah Webster, Riek Muller, Paul Boamah, Jack Carswell, Ross Garling, Darren Hurst, Ryan Bettcher, Phillip Micale, Michael Corbett, Ben Young, Glen Williamson - Resource group id: resource:058769c8ab8b554b6d9c - Deposit or zone: SP #### Resource Data - Category: proven - Tonnes: 2800000 - Grade: 0.17 - Grade Unit: g/t - Contained Metal: 0.015 - Contained Unit: moz #### Prior Estimate - Resource Date: 2025-12-31 #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: This Proven stockpile reserve at Northparkes provides a low-grade, high-confidence gold source, but is small in scale. - Positive factor: Adds to the gold reserve base from stockpiles. Evidence · table > 0.015 Context: 2.8 #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### proven [Link to this fact](https://atlas-staging.minestarters.com/news/evn-annual-report-to-shareholders--ce770abb-561a-4b80-b3a0-d5d637672bab#fact-resource-facts-45) Northparkes · gold #### Identity - Project: Northparkes - Commodity: gold - Ticker: EVN #### Resource scope - Estimate type: reserve - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Kevin Gleeson, Ben Reid, Ethan Robins, Peter Nichols, Krista Sutton, David Richards, Sam Ervin, Sarah Webster, Riek Muller, Paul Boamah, Jack Carswell, Ross Garling, Darren Hurst, Ryan Bettcher, Phillip Micale, Michael Corbett, Ben Young, Glen Williamson - Resource group id: resource:2e96eb0a3bc56227b08e - Deposit or zone: OP #### Resource Data - Category: proven - Tonnes: 4000000 - Grade: 0.25 - Grade Unit: g/t - Contained Metal: 0.032 - Contained Unit: moz - Cutoff Grade: 0.25 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-12-31 #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: This Proven open pit reserve at Northparkes contributes to the project's gold inventory with high confidence, but is small in scale and low grade. - Positive factor: Adds to the gold reserve base in the Proven category. Evidence · table > 0.032 Context: 4.0 #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/evn-annual-report-to-shareholders--ce770abb-561a-4b80-b3a0-d5d637672bab#fact-resource-facts-46) Northparkes · gold #### Identity - Project: Northparkes - Commodity: gold - Ticker: EVN #### Resource scope - Estimate type: reserve - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Kevin Gleeson, Ben Reid, Ethan Robins, Peter Nichols, Krista Sutton, David Richards, Sam Ervin, Sarah Webster, Riek Muller, Paul Boamah, Jack Carswell, Ross Garling, Darren Hurst, Ryan Bettcher, Phillip Micale, Michael Corbett, Ben Young, Glen Williamson - Resource group id: resource:3a084b744604cf58669a - Deposit or zone: OP #### Resource Data - Category: probable - Tonnes: 3300000 - Grade: 0.21 - Grade Unit: g/t - Contained Metal: 0.023 - Contained Unit: moz - Cutoff Grade: 0.25 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-12-31 #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: This Probable open pit reserve at Northparkes has a very low gold grade, contributing minimally to the overall reserve. - Negative factor: Very low grade for gold. Evidence · table > 0.023 Context: 3.3 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### proven [Link to this fact](https://atlas-staging.minestarters.com/news/evn-annual-report-to-shareholders--ce770abb-561a-4b80-b3a0-d5d637672bab#fact-resource-facts-47) Northparkes · gold #### Identity - Project: Northparkes - Commodity: gold - Ticker: EVN #### Resource scope - Estimate type: reserve - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Kevin Gleeson, Ben Reid, Ethan Robins, Peter Nichols, Krista Sutton, David Richards, Sam Ervin, Sarah Webster, Riek Muller, Paul Boamah, Jack Carswell, Ross Garling, Darren Hurst, Ryan Bettcher, Phillip Micale, Michael Corbett, Ben Young, Glen Williamson - Resource group id: resource:f0a8e953391b8d40fa63 - Deposit or zone: UG #### Resource Data - Category: proven - Tonnes: 1800000 - Grade: 0.33 - Grade Unit: g/t - Contained Metal: 0.019 - Contained Unit: moz - Cutoff Grade: 0.32 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-12-31 #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: This Proven underground reserve at Northparkes contributes to the project's gold inventory with high confidence, but is small in scale and low grade. - Positive factor: Adds to the gold reserve base in the Proven category. Evidence · table > 0.019 Context: 1.8 #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/evn-annual-report-to-shareholders--ce770abb-561a-4b80-b3a0-d5d637672bab#fact-resource-facts-48) Northparkes · gold #### Identity - Project: Northparkes - Commodity: gold - Ticker: EVN #### Resource scope - Estimate type: reserve - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Kevin Gleeson, Ben Reid, Ethan Robins, Peter Nichols, Krista Sutton, David Richards, Sam Ervin, Sarah Webster, Riek Muller, Paul Boamah, Jack Carswell, Ross Garling, Darren Hurst, Ryan Bettcher, Phillip Micale, Michael Corbett, Ben Young, Glen Williamson - Resource group id: resource:c4515683973462e56e23 - Deposit or zone: UG #### Resource Data - Category: probable - Tonnes: 67000000 - Grade: 0.28 - Grade Unit: g/t - Contained Metal: 0.6 - Contained Unit: moz - Cutoff Grade: 0.32 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-12-31 #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: This Probable underground reserve at Northparkes contributes to the project's gold inventory, but with lower confidence and grade than the Proven category. - Positive factor: Adds to the gold reserve base in the Probable category. Evidence · table > 0.60 Context: 67 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/evn-annual-report-to-shareholders--ce770abb-561a-4b80-b3a0-d5d637672bab#fact-resource-facts-49) Ernest Henry · copper #### Identity - Project: Ernest Henry - Commodity: copper - Ticker: EVN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Kevin Gleeson, Ben Reid, Ethan Robins, Peter Nichols, Krista Sutton, David Richards, Sam Ervin, Sarah Webster, Riek Muller, Paul Boamah, Jack Carswell, Ross Garling, Darren Hurst, Ryan Bettcher, Phillip Micale, Michael Corbett, Ben Young, Glen Williamson - Resource group id: resource:435e213371aff3b2d310 - Deposit or zone: UG #### Resource Data - Category: measured - Tonnes: 31000000 - Grade: 1.34 - Grade Unit: % - Contained Metal: 420 - Contained Unit: kt - Cutoff Grade: 0.7 - Cutoff Unit: % Cu #### Prior Estimate - Resource Date: 2025-12-31 #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: This Measured resource at Ernest Henry provides a high-confidence copper component, but the project's overall copper resources declined. - Positive factor: Significant contained copper metal in Measured category. - Negative factor: Ernest Henry copper resources decreased overall. Evidence · table > 420 Context: 31 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/evn-annual-report-to-shareholders--ce770abb-561a-4b80-b3a0-d5d637672bab#fact-resource-facts-50) Ernest Henry · copper #### Identity - Project: Ernest Henry - Commodity: copper - Ticker: EVN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Kevin Gleeson, Ben Reid, Ethan Robins, Peter Nichols, Krista Sutton, David Richards, Sam Ervin, Sarah Webster, Riek Muller, Paul Boamah, Jack Carswell, Ross Garling, Darren Hurst, Ryan Bettcher, Phillip Micale, Michael Corbett, Ben Young, Glen Williamson - Resource group id: resource:e679bcd203782255c009 - Deposit or zone: UG #### Resource Data - Category: indicated - Tonnes: 49000000 - Grade: 1.24 - Grade Unit: % - Contained Metal: 610 - Contained Unit: kt - Cutoff Grade: 0.7 - Cutoff Unit: % Cu #### Prior Estimate - Resource Date: 2025-12-31 #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: This Indicated resource at Ernest Henry adds substantial copper to the project's inventory with reasonable confidence, but the project's overall copper resources declined. - Positive factor: Large tonnage and contained copper in Indicated category. - Negative factor: Ernest Henry copper resources decreased overall. Evidence · table > 610 Context: 49 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/evn-annual-report-to-shareholders--ce770abb-561a-4b80-b3a0-d5d637672bab#fact-resource-facts-51) Ernest Henry · copper #### Identity - Project: Ernest Henry - Commodity: copper - Ticker: EVN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Kevin Gleeson, Ben Reid, Ethan Robins, Peter Nichols, Krista Sutton, David Richards, Sam Ervin, Sarah Webster, Riek Muller, Paul Boamah, Jack Carswell, Ross Garling, Darren Hurst, Ryan Bettcher, Phillip Micale, Michael Corbett, Ben Young, Glen Williamson - Resource group id: resource:b943c49c869240c7af81 - Deposit or zone: UG #### Resource Data - Category: inferred - Tonnes: 25000000 - Grade: 1.13 - Grade Unit: % - Contained Metal: 280 - Contained Unit: kt - Cutoff Grade: 0.7 - Cutoff Unit: % Cu #### Prior Estimate - Resource Date: 2025-12-31 #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: This Inferred resource at Ernest Henry provides future potential for copper, but requires further work to increase confidence, and the project's overall copper resources declined. - Positive factor: Adds to the overall copper resource base at Ernest Henry. - Negative factor: Ernest Henry copper resources decreased overall. Evidence · table > 280 Context: 25 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/evn-annual-report-to-shareholders--ce770abb-561a-4b80-b3a0-d5d637672bab#fact-resource-facts-52) Marsden · copper #### Identity - Project: Marsden - Commodity: copper - Ticker: EVN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Kevin Gleeson, Ben Reid, Ethan Robins, Peter Nichols, Krista Sutton, David Richards, Sam Ervin, Sarah Webster, Riek Muller, Paul Boamah, Jack Carswell, Ross Garling, Darren Hurst, Ryan Bettcher, Phillip Micale, Michael Corbett, Ben Young, Glen Williamson - Resource group id: resource:9a4ce1dd8a7b5dd37595 - Deposit or zone: OP #### Resource Data - Category: indicated - Tonnes: 93000000 - Grade: 0.5 - Grade Unit: % - Contained Metal: 460 - Contained Unit: kt - Cutoff Grade: 0.2 - Cutoff Unit: % Cu #### Prior Estimate - Resource Date: 2025-12-31 #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: This Indicated open pit resource at Marsden contributes to the copper inventory, but the project's overall copper resources declined. - Negative factor: Marsden copper resources decreased overall. Evidence · table > 460 Context: 93 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/evn-annual-report-to-shareholders--ce770abb-561a-4b80-b3a0-d5d637672bab#fact-resource-facts-53) Marsden · copper #### Identity - Project: Marsden - Commodity: copper - Ticker: EVN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Kevin Gleeson, Ben Reid, Ethan Robins, Peter Nichols, Krista Sutton, David Richards, Sam Ervin, Sarah Webster, Riek Muller, Paul Boamah, Jack Carswell, Ross Garling, Darren Hurst, Ryan Bettcher, Phillip Micale, Michael Corbett, Ben Young, Glen Williamson - Resource group id: resource:b899d14240a5bedb7255 - Deposit or zone: OP #### Resource Data - Category: inferred - Tonnes: 4200000 - Grade: 0.42 - Grade Unit: % - Contained Metal: 18 - Contained Unit: kt - Cutoff Grade: 0.2 - Cutoff Unit: % Cu #### Prior Estimate - Resource Date: 2025-12-31 #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: This Inferred open pit resource at Marsden is small and the project's overall copper resources declined. - Negative factor: Small contained copper metal amount. - Negative factor: Marsden copper resources decreased overall. Evidence · table > 18 Context: 4.2 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/evn-annual-report-to-shareholders--ce770abb-561a-4b80-b3a0-d5d637672bab#fact-resource-facts-54) Northparkes · copper #### Identity - Project: Northparkes - Commodity: copper - Ticker: EVN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Kevin Gleeson, Ben Reid, Ethan Robins, Peter Nichols, Krista Sutton, David Richards, Sam Ervin, Sarah Webster, Riek Muller, Paul Boamah, Jack Carswell, Ross Garling, Darren Hurst, Ryan Bettcher, Phillip Micale, Michael Corbett, Ben Young, Glen Williamson - Resource group id: resource:1e7e91d2d566f096bb24 - Deposit or zone: SP #### Resource Data - Category: measured - Tonnes: 5100000 - Grade: 0.33 - Grade Unit: % - Contained Metal: 17 - Contained Unit: kt #### Prior Estimate - Resource Date: 2025-12-31 #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: This Measured stockpile resource at Northparkes provides a low-grade, high-confidence copper source. - Positive factor: Adds to the copper resource base from stockpiles. Evidence · table > 17 Context: 5.1 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/evn-annual-report-to-shareholders--ce770abb-561a-4b80-b3a0-d5d637672bab#fact-resource-facts-55) Northparkes · copper #### Identity - Project: Northparkes - Commodity: copper - Ticker: EVN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Kevin Gleeson, Ben Reid, Ethan Robins, Peter Nichols, Krista Sutton, David Richards, Sam Ervin, Sarah Webster, Riek Muller, Paul Boamah, Jack Carswell, Ross Garling, Darren Hurst, Ryan Bettcher, Phillip Micale, Michael Corbett, Ben Young, Glen Williamson - Resource group id: resource:b25e5164769ff0206203 - Deposit or zone: OP #### Resource Data - Category: measured - Tonnes: 12000000 - Grade: 0.16 - Grade Unit: % - Contained Metal: 18 - Contained Unit: kt #### Prior Estimate - Resource Date: 2025-12-31 #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: This Measured open pit resource at Northparkes contributes to the project's copper inventory with high confidence, but is low grade. - Positive factor: Adds to the copper resource base in the Measured category. Evidence · table > 18 Context: 12 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/evn-annual-report-to-shareholders--ce770abb-561a-4b80-b3a0-d5d637672bab#fact-resource-facts-56) Northparkes · copper #### Identity - Project: Northparkes - Commodity: copper - Ticker: EVN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Kevin Gleeson, Ben Reid, Ethan Robins, Peter Nichols, Krista Sutton, David Richards, Sam Ervin, Sarah Webster, Riek Muller, Paul Boamah, Jack Carswell, Ross Garling, Darren Hurst, Ryan Bettcher, Phillip Micale, Michael Corbett, Ben Young, Glen Williamson - Resource group id: resource:013024b4dd17307c9446 - Deposit or zone: OP #### Resource Data - Category: indicated - Tonnes: 24000000 - Grade: 0.22 - Grade Unit: % - Contained Metal: 52 - Contained Unit: kt #### Prior Estimate - Resource Date: 2025-12-31 #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: This Indicated open pit resource at Northparkes contributes to the project's copper inventory with reasonable confidence, but is low grade. - Positive factor: Adds to the copper resource base in the Indicated category. Evidence · table > 52 Context: 24 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/evn-annual-report-to-shareholders--ce770abb-561a-4b80-b3a0-d5d637672bab#fact-resource-facts-57) Northparkes · copper #### Identity - Project: Northparkes - Commodity: copper - Ticker: EVN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Kevin Gleeson, Ben Reid, Ethan Robins, Peter Nichols, Krista Sutton, David Richards, Sam Ervin, Sarah Webster, Riek Muller, Paul Boamah, Jack Carswell, Ross Garling, Darren Hurst, Ryan Bettcher, Phillip Micale, Michael Corbett, Ben Young, Glen Williamson - Resource group id: resource:d010248444cb8b3b2d6d - Deposit or zone: OP #### Resource Data - Category: inferred - Tonnes: 7200000 - Grade: 0.26 - Grade Unit: % - Contained Metal: 19 - Contained Unit: kt #### Prior Estimate - Resource Date: 2025-12-31 #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: This Inferred open pit resource at Northparkes provides future potential for copper, but requires further work to increase confidence. - Positive factor: Adds to the overall copper resource base at Northparkes. Evidence · table > 19 Context: 7.2 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/evn-annual-report-to-shareholders--ce770abb-561a-4b80-b3a0-d5d637672bab#fact-resource-facts-58) Northparkes · copper #### Identity - Project: Northparkes - Commodity: copper - Ticker: EVN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Kevin Gleeson, Ben Reid, Ethan Robins, Peter Nichols, Krista Sutton, David Richards, Sam Ervin, Sarah Webster, Riek Muller, Paul Boamah, Jack Carswell, Ross Garling, Darren Hurst, Ryan Bettcher, Phillip Micale, Michael Corbett, Ben Young, Glen Williamson - Resource group id: resource:0fe163de115183e1a784 - Deposit or zone: UG #### Resource Data - Category: measured - Tonnes: 150000000 - Grade: 0.56 - Grade Unit: % - Contained Metal: 840 - Contained Unit: kt #### Prior Estimate - Resource Date: 2025-12-31 #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: This Measured underground resource at Northparkes provides a high-confidence copper component, contributing significantly to the project's overall value. - Positive factor: Significant contained copper metal in Measured category. Evidence · table > 840 Context: 150 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/evn-annual-report-to-shareholders--ce770abb-561a-4b80-b3a0-d5d637672bab#fact-resource-facts-59) Northparkes · copper #### Identity - Project: Northparkes - Commodity: copper - Ticker: EVN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Kevin Gleeson, Ben Reid, Ethan Robins, Peter Nichols, Krista Sutton, David Richards, Sam Ervin, Sarah Webster, Riek Muller, Paul Boamah, Jack Carswell, Ross Garling, Darren Hurst, Ryan Bettcher, Phillip Micale, Michael Corbett, Ben Young, Glen Williamson - Resource group id: resource:507c3a3a6b4ece51a047 - Deposit or zone: UG #### Resource Data - Category: indicated - Tonnes: 260000000 - Grade: 0.5 - Grade Unit: % - Contained Metal: 1300 - Contained Unit: kt #### Prior Estimate - Resource Date: 2025-12-31 #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: This Indicated underground resource at Northparkes adds substantial copper to the project's inventory with reasonable confidence. - Positive factor: Large tonnage and contained copper in Indicated category. Evidence · table > 1,300 Context: 260 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/evn-annual-report-to-shareholders--ce770abb-561a-4b80-b3a0-d5d637672bab#fact-resource-facts-60) Northparkes · copper #### Identity - Project: Northparkes - Commodity: copper - Ticker: EVN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Kevin Gleeson, Ben Reid, Ethan Robins, Peter Nichols, Krista Sutton, David Richards, Sam Ervin, Sarah Webster, Riek Muller, Paul Boamah, Jack Carswell, Ross Garling, Darren Hurst, Ryan Bettcher, Phillip Micale, Michael Corbett, Ben Young, Glen Williamson - Resource group id: resource:ea38e9af224305f2bb7e - Deposit or zone: UG #### Resource Data - Category: inferred - Tonnes: 39000000 - Grade: 0.47 - Grade Unit: % - Contained Metal: 180 - Contained Unit: kt #### Prior Estimate - Resource Date: 2025-12-31 #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: This Inferred underground resource at Northparkes provides future potential for copper, but requires further work to increase confidence. - Positive factor: Adds to the overall copper resource base at Northparkes. Evidence · table > 180 Context: 39 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### proven [Link to this fact](https://atlas-staging.minestarters.com/news/evn-annual-report-to-shareholders--ce770abb-561a-4b80-b3a0-d5d637672bab#fact-resource-facts-61) Ernest Henry · copper #### Identity - Project: Ernest Henry - Commodity: copper - Ticker: EVN #### Resource scope - Estimate type: reserve - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Kevin Gleeson, Ben Reid, Ethan Robins, Peter Nichols, Krista Sutton, David Richards, Sam Ervin, Sarah Webster, Riek Muller, Paul Boamah, Jack Carswell, Ross Garling, Darren Hurst, Ryan Bettcher, Phillip Micale, Michael Corbett, Ben Young, Glen Williamson - Resource group id: resource:194d8639604593ce04a9 - Deposit or zone: UG #### Resource Data - Category: proven - Tonnes: 27000000 - Grade: 1.07 - Grade Unit: % - Contained Metal: 290 - Contained Unit: kt - Cutoff Grade: 0.75 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-12-31 #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: This Proven reserve at Ernest Henry provides a high-confidence copper component, but the project's overall copper reserves declined. - Positive factor: Significant contained copper metal in Proven category. - Negative factor: Ernest Henry copper reserves decreased overall. Evidence · table > 290 Context: 27 #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/evn-annual-report-to-shareholders--ce770abb-561a-4b80-b3a0-d5d637672bab#fact-resource-facts-62) Ernest Henry · copper #### Identity - Project: Ernest Henry - Commodity: copper - Ticker: EVN #### Resource scope - Estimate type: reserve - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Kevin Gleeson, Ben Reid, Ethan Robins, Peter Nichols, Krista Sutton, David Richards, Sam Ervin, Sarah Webster, Riek Muller, Paul Boamah, Jack Carswell, Ross Garling, Darren Hurst, Ryan Bettcher, Phillip Micale, Michael Corbett, Ben Young, Glen Williamson - Resource group id: resource:87c65ef994a5d2864fa9 - Deposit or zone: UG #### Resource Data - Category: probable - Tonnes: 46000000 - Grade: 0.56 - Grade Unit: % - Contained Metal: 260 - Contained Unit: kt - Cutoff Grade: 0.75 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-12-31 #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: This Probable reserve at Ernest Henry contributes to the project's copper inventory, but with lower confidence and grade than the Proven category, and the project's overall copper reserves declined. - Positive factor: Adds to the copper reserve base in the Probable category. - Negative factor: Ernest Henry copper reserves decreased overall. Evidence · table > 260 Context: 46 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/evn-annual-report-to-shareholders--ce770abb-561a-4b80-b3a0-d5d637672bab#fact-resource-facts-63) Marsden · copper #### Identity - Project: Marsden - Commodity: copper - Ticker: EVN #### Resource scope - Estimate type: reserve - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Kevin Gleeson, Ben Reid, Ethan Robins, Peter Nichols, Krista Sutton, David Richards, Sam Ervin, Sarah Webster, Riek Muller, Paul Boamah, Jack Carswell, Ross Garling, Darren Hurst, Ryan Bettcher, Phillip Micale, Michael Corbett, Ben Young, Glen Williamson - Resource group id: resource:2e9042c0353a4a8bbc6e - Deposit or zone: OP #### Resource Data - Category: probable - Tonnes: 68000000 - Grade: 0.56 - Grade Unit: % - Contained Metal: 380 - Contained Unit: kt - Cutoff Grade: 0.3 - Cutoff Unit: % Cu #### Prior Estimate - Resource Date: 2025-12-31 #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: This Probable open pit reserve at Marsden contributes to the copper inventory, but the overall group copper reserves declined. - Negative factor: Marsden copper reserves increased slightly, but overall group copper reserves decreased. Evidence · table > 380 Context: 68 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### proven [Link to this fact](https://atlas-staging.minestarters.com/news/evn-annual-report-to-shareholders--ce770abb-561a-4b80-b3a0-d5d637672bab#fact-resource-facts-64) Northparkes · copper #### Identity - Project: Northparkes - Commodity: copper - Ticker: EVN #### Resource scope - Estimate type: reserve - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Kevin Gleeson, Ben Reid, Ethan Robins, Peter Nichols, Krista Sutton, David Richards, Sam Ervin, Sarah Webster, Riek Muller, Paul Boamah, Jack Carswell, Ross Garling, Darren Hurst, Ryan Bettcher, Phillip Micale, Michael Corbett, Ben Young, Glen Williamson - Resource group id: resource:058769c8ab8b554b6d9c - Deposit or zone: SP #### Resource Data - Category: proven - Tonnes: 2800000 - Grade: 0.29 - Grade Unit: % - Contained Metal: 8.2 - Contained Unit: kt #### Prior Estimate - Resource Date: 2025-12-31 #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: This Proven stockpile reserve at Northparkes provides a low-grade, high-confidence copper source, but is small in scale. - Positive factor: Adds to the copper reserve base from stockpiles. Evidence · table > 8.2 Context: 2.8 #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### proven [Link to this fact](https://atlas-staging.minestarters.com/news/evn-annual-report-to-shareholders--ce770abb-561a-4b80-b3a0-d5d637672bab#fact-resource-facts-65) Northparkes · copper #### Identity - Project: Northparkes - Commodity: copper - Ticker: EVN #### Resource scope - Estimate type: reserve - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Kevin Gleeson, Ben Reid, Ethan Robins, Peter Nichols, Krista Sutton, David Richards, Sam Ervin, Sarah Webster, Riek Muller, Paul Boamah, Jack Carswell, Ross Garling, Darren Hurst, Ryan Bettcher, Phillip Micale, Michael Corbett, Ben Young, Glen Williamson - Resource group id: resource:2e96eb0a3bc56227b08e - Deposit or zone: OP #### Resource Data - Category: proven - Tonnes: 4000000 - Grade: 0.37 - Grade Unit: % - Contained Metal: 15 - Contained Unit: kt - Cutoff Grade: 0.25 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-12-31 #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: This Proven open pit reserve at Northparkes contributes to the project's copper inventory with high confidence, but is small in scale and low grade. - Positive factor: Adds to the copper reserve base in the Proven category. Evidence · table > 15 Context: 4.0 #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/evn-annual-report-to-shareholders--ce770abb-561a-4b80-b3a0-d5d637672bab#fact-resource-facts-66) Northparkes · copper #### Identity - Project: Northparkes - Commodity: copper - Ticker: EVN #### Resource scope - Estimate type: reserve - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Kevin Gleeson, Ben Reid, Ethan Robins, Peter Nichols, Krista Sutton, David Richards, Sam Ervin, Sarah Webster, Riek Muller, Paul Boamah, Jack Carswell, Ross Garling, Darren Hurst, Ryan Bettcher, Phillip Micale, Michael Corbett, Ben Young, Glen Williamson - Resource group id: resource:3a084b744604cf58669a - Deposit or zone: OP #### Resource Data - Category: probable - Tonnes: 3300000 - Grade: 0.3 - Grade Unit: % - Contained Metal: 10 - Contained Unit: kt - Cutoff Grade: 0.25 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-12-31 #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: This Probable open pit reserve at Northparkes has a very low copper grade, contributing minimally to the overall reserve. - Negative factor: Very low grade for copper. Evidence · table > 10 Context: 3.3 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### proven [Link to this fact](https://atlas-staging.minestarters.com/news/evn-annual-report-to-shareholders--ce770abb-561a-4b80-b3a0-d5d637672bab#fact-resource-facts-67) Northparkes · copper #### Identity - Project: Northparkes - Commodity: copper - Ticker: EVN #### Resource scope - Estimate type: reserve - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Kevin Gleeson, Ben Reid, Ethan Robins, Peter Nichols, Krista Sutton, David Richards, Sam Ervin, Sarah Webster, Riek Muller, Paul Boamah, Jack Carswell, Ross Garling, Darren Hurst, Ryan Bettcher, Phillip Micale, Michael Corbett, Ben Young, Glen Williamson - Resource group id: resource:f0a8e953391b8d40fa63 - Deposit or zone: UG #### Resource Data - Category: proven - Tonnes: 1800000 - Grade: 0.59 - Grade Unit: % - Contained Metal: 11 - Contained Unit: kt - Cutoff Grade: 0.32 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-12-31 #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: This Proven underground reserve at Northparkes contributes to the project's copper inventory with high confidence, but is small in scale. - Positive factor: Adds to the copper reserve base in the Proven category. Evidence · table > 11 Context: 1.8 #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/evn-annual-report-to-shareholders--ce770abb-561a-4b80-b3a0-d5d637672bab#fact-resource-facts-68) Northparkes · copper #### Identity - Project: Northparkes - Commodity: copper - Ticker: EVN #### Resource scope - Estimate type: reserve - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Kevin Gleeson, Ben Reid, Ethan Robins, Peter Nichols, Krista Sutton, David Richards, Sam Ervin, Sarah Webster, Riek Muller, Paul Boamah, Jack Carswell, Ross Garling, Darren Hurst, Ryan Bettcher, Phillip Micale, Michael Corbett, Ben Young, Glen Williamson - Resource group id: resource:c4515683973462e56e23 - Deposit or zone: UG #### Resource Data - Category: probable - Tonnes: 67000000 - Grade: 0.53 - Grade Unit: % - Contained Metal: 360 - Contained Unit: kt - Cutoff Grade: 0.32 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-12-31 #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: This Probable underground reserve at Northparkes contributes significantly to the project's copper inventory with good confidence. - Positive factor: Adds to the copper reserve base in the Probable category. Evidence · table > 360 Context: 67 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### Fact 70 [Link to this fact](https://atlas-staging.minestarters.com/news/evn-annual-report-to-shareholders--ce770abb-561a-4b80-b3a0-d5d637672bab#fact-resource-facts-69) Perth #### Identity - Project: Perth - Region: australia - Reported Region: Australia - Ticker: EVN #### Resource scope - Estimate type: reserve - Resource group id: resource:06520b3441dc5060a085 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: Explicit resource disclosure recovered from source prose. Evidence · text > Cowal Ore Reserve is a result of lower cut-off grades in #### Tags used in scoring **Cut-off Lowered** Polarity: negative Definition: Cut-off grade significantly reduced vs prior estimate — tonnage growth may be artificial inflation. Why it applies: Cowal Ore Reserve is a result of lower cut-off grades in Evidence · text > Cowal Ore Reserve is a result of lower cut-off grades in Context: Perth, Australia **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.