# EVN: Mining Forum Americas 2026 Presentation Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/evn-mining-forum-americas-2026-presentation--e2761ab3-ae15-4669-8b56-4e91a91c7a09 Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03145077 Publisher: asx Original announcement: 2026-09-28T22:31:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-09-29T16:38:21.406Z Atlas analysis updated: 2026-09-29T16:38:21.406Z - Company: Evolution Mining Limited - Ticker: EVN - Exchange: ASX - Region: Unavailable - Primary commodity: Gold - Secondary commodities: Copper - Document categories: Resource update, Production - Extracted: 2026-09-29 16:38:22 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary Evolution Mining presented an update at the Mining Forum Americas 2026, showcasing significant production growth from FY22 to FY26 and providing positive FY27 guidance for both gold and copper. The company emphasized its sector-leading margins, strategic copper leverage, and ongoing growth projects. The presentation also included updated Mineral Resources and Ore Reserves for gold and copper as of December 31, 2025, detailing Measured, Indicated, Inferred, Proven, and Probable categories. Reasoning: The presentation highlights strong operational performance, growth, and strategic positioning in both gold and copper, supported by updated resource and reserve figures and positive production guidance. The lack of cut-off grade disclosure for the resource/reserve estimates is a minor negative. - Positive factor: Strong production growth from FY22 to FY26, with positive FY27 guidance - Positive factor: Sector-leading AISC margins and focus on cost discipline - Positive factor: Significant copper leverage and growth projects identified - Positive factor: Updated Mineral Resources and Ore Reserves for both gold and copper - Positive factor: High confidence in resource and reserve estimates with multiple Competent Persons named - Negative factor: Cut-off grades for resource and reserve estimates are not disclosed in the summary tables Low confidence — this extraction should be reviewed alongside the original source. Facts used in scoring: 12 ## Classification and evidence **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 document explicitly states that the Mineral Resources and Ore Reserves are supported by Competent Persons \(CP\) notes, listing multiple CPs responsible for the estimates. Evidence · text > Mineral Resources Competent Persons \(CP\) notes refer to: **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: The document presents 'Annual Mineral Resources and Ore Reserves Statement' as of 31 December 2025, indicating a regular update to existing estimates. Evidence · text > Annual Mineral Resources and Ore Reserves Statement’ dated 1 May 2026 **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The resource tables include a significant portion of Inferred category resources for both gold and copper. Evidence · table > Inferred Context: Inferred **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: The resource tables include Measured category resources for both gold and copper, indicating high geological confidence. Evidence · table > Measured Context: Measured **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: The resource tables include Indicated category resources for both gold and copper, indicating reasonable geological confidence. Evidence · table > Indicated Context: Indicated **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: The ore reserve tables include Proven category reserves for both gold and copper, representing the highest confidence in economic viability. Evidence · table > Proven Context: Proven **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: The ore reserve tables include Probable category reserves for both gold and copper, representing a high level of confidence in economic viability. Evidence · table > Probable Context: Probable **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: The summary tables for Mineral Resources and Ore Reserves do not explicitly state the cut-off grades used for the estimates. Evidence · text > Data for tonnes and metal reported to two significant figures to reflect appropriate precision and may not sum precisely due to rounding. Data for grades are reported to two decimal places. **Tonnage Growth** Polarity: positive Definition: Significant tonnage increase \(≥15%\) vs prior estimate with grade maintained or improved. Why it applies: The company highlights 'Production growth from ~680 to ~920koz AuEq' from FY22 to FY26, indicating a significant increase in production volume. Evidence · text > Production growth from ~680 to ~920koz AuEq **Grade Improvement** Polarity: positive Definition: Average resource grade improved vs prior estimate — better deposit economics. Why it applies: The presentation notes that Cowal's 'Reserve grades are ~2x open pit reserve grades', indicating a positive improvement in the quality of the reserve. Evidence · text > Reserve grades are ~2x open pit reserve grades ## Extracted facts Stored fact records: 12. Some facts used in scoring do not have a stored record. ## Resource Estimates (12) ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/evn-mining-forum-americas-2026-presentation--e2761ab3-ae15-4669-8b56-4e91a91c7a09#fact-resource-facts-0) Group · gold #### Identity - Project: Group - Commodity: gold - Ticker: EVN #### Resource scope - Estimate type: resource - QP Signed: Yes - Qualified person names: Ben Reid, Phillip Micale, Darren Hurst, Paul Boamah, Ben Young, Riek Muller, Krista Sutton, David Richards, Ethan Robins, Peter Nichols, Michael Corbett, Ryan Bettcher, Ross Garling, Jack Carswell, Glen Williamson, Sam Ervin, Sarah Webster - Resource group id: resource:dda3b8b788718011224a - Mining method: combined #### Resource Data - Category: measured - Tonnes: 1800000 - Grade: 3.2 - Grade Unit: g/t - Contained Metal: 180 - Contained Unit: koz #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-28T00:00:00.000Z Reasoning: The Measured gold resource provides a high-confidence estimate with a good grade, contributing positively to the overall resource base, though the lack of cut-off grade is a minor transparency issue. - Positive factor: High confidence Measured category - Positive factor: Good gold grade for a group resource - Negative factor: Cut-off grade not disclosed Evidence · table > 1.8 Context: Measured #### 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 **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/evn-mining-forum-americas-2026-presentation--e2761ab3-ae15-4669-8b56-4e91a91c7a09#fact-resource-facts-1) Group · gold #### Identity - Project: Group - Commodity: gold - Ticker: EVN #### Resource scope - Estimate type: resource - QP Signed: Yes - Qualified person names: Ben Reid, Phillip Micale, Darren Hurst, Paul Boamah, Ben Young, Riek Muller, Krista Sutton, David Richards, Ethan Robins, Peter Nichols, Michael Corbett, Ryan Bettcher, Ross Garling, Jack Carswell, Glen Williamson, Sam Ervin, Sarah Webster - Resource group id: resource:d412dd917ea96a9b8b79 - Mining method: combined #### Resource Data - Category: indicated - Tonnes: 10000000 - Grade: 2.8 - Grade Unit: g/t - Contained Metal: 900 - Contained Unit: koz #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-28T00:00:00.000Z Reasoning: The Indicated gold resource represents a substantial portion of the company's gold inventory with good confidence, supporting future mine planning, despite the undisclosed cut-off grade. - Positive factor: High confidence Indicated category - Positive factor: Significant tonnage and contained metal - Negative factor: Cut-off grade not disclosed Evidence · table > 10.0 Context: Indicated #### 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 **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/evn-mining-forum-americas-2026-presentation--e2761ab3-ae15-4669-8b56-4e91a91c7a09#fact-resource-facts-2) Group · gold #### Identity - Project: Group - Commodity: gold - Ticker: EVN #### Resource scope - Estimate type: resource - QP Signed: Yes - Qualified person names: Ben Reid, Phillip Micale, Darren Hurst, Paul Boamah, Ben Young, Riek Muller, Krista Sutton, David Richards, Ethan Robins, Peter Nichols, Michael Corbett, Ryan Bettcher, Ross Garling, Jack Carswell, Glen Williamson, Sam Ervin, Sarah Webster - Resource group id: resource:274a1b378cd8153043d5 - Mining method: combined #### Resource Data - Category: inferred - Tonnes: 10000000 - Grade: 2.1 - Grade Unit: g/t - Contained Metal: 670 - Contained Unit: koz #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-28T00:00:00.000Z Reasoning: The Inferred gold resource provides additional exploration upside and potential for future conversion, but its lower confidence category and undisclosed cut-off grade warrant caution. - Positive factor: Adds to overall resource base and future potential - Negative factor: Lower confidence Inferred category - Negative factor: Cut-off grade not disclosed Evidence · table > 10.0 Context: Inferred #### 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 **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ### proven [Link to this fact](https://atlas-staging.minestarters.com/news/evn-mining-forum-americas-2026-presentation--e2761ab3-ae15-4669-8b56-4e91a91c7a09#fact-resource-facts-3) Group · gold #### Identity - Project: Group - Commodity: gold - Ticker: EVN #### Resource scope - Estimate type: reserve - QP Signed: Yes - Qualified person names: Ben Reid, Phillip Micale, Darren Hurst, Paul Boamah, Ben Young, Riek Muller, Krista Sutton, David Richards, Ethan Robins, Peter Nichols, Michael Corbett, Ryan Bettcher, Ross Garling, Jack Carswell, Glen Williamson, Sam Ervin, Sarah Webster - Resource group id: resource:c29c793048646a273ade - Mining method: combined #### Resource Data - Category: proven - Tonnes: 1000000 - Grade: 3 - Grade Unit: g/t - Contained Metal: 90 - Contained Unit: koz #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-28T00:00:00.000Z Reasoning: The Proven gold reserve represents a high-confidence, economically viable portion of the resource, providing a solid base for production, despite the undisclosed cut-off grade. - Positive factor: Highest confidence Proven Reserve category - Positive factor: Economically viable and supports mine planning - Negative factor: Cut-off grade not disclosed Evidence · table > 1.0 Context: Proven #### 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 **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/evn-mining-forum-americas-2026-presentation--e2761ab3-ae15-4669-8b56-4e91a91c7a09#fact-resource-facts-4) Group · gold #### Identity - Project: Group - Commodity: gold - Ticker: EVN #### Resource scope - Estimate type: reserve - QP Signed: Yes - Qualified person names: Ben Reid, Phillip Micale, Darren Hurst, Paul Boamah, Ben Young, Riek Muller, Krista Sutton, David Richards, Ethan Robins, Peter Nichols, Michael Corbett, Ryan Bettcher, Ross Garling, Jack Carswell, Glen Williamson, Sam Ervin, Sarah Webster - Resource group id: resource:77a5e7d2df5cafec3088 - Mining method: combined #### Resource Data - Category: probable - Tonnes: 10000000 - Grade: 2.5 - Grade Unit: g/t - Contained Metal: 800 - Contained Unit: koz #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-28T00:00:00.000Z Reasoning: The Probable gold reserve adds substantial economically viable material, providing a strong foundation for long-term production, though the cut-off grade is not specified. - Positive factor: High confidence Probable Reserve category - Positive factor: Significant tonnage and contained metal for mine planning - Negative factor: Cut-off grade not disclosed Evidence · table > 10.0 Context: Probable #### 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 **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/evn-mining-forum-americas-2026-presentation--e2761ab3-ae15-4669-8b56-4e91a91c7a09#fact-resource-facts-5) Group · copper #### Identity - Project: Group - Commodity: copper - Ticker: EVN #### Resource scope - Estimate type: resource - QP Signed: Yes - Qualified person names: Ben Reid, Phillip Micale, Darren Hurst, Paul Boamah, Ben Young, Riek Muller, Krista Sutton, David Richards, Ethan Robins, Peter Nichols, Michael Corbett, Ryan Bettcher, Ross Garling, Jack Carswell, Glen Williamson, Sam Ervin, Sarah Webster - Resource group id: resource:0f57e1db971d3a823f13 - Mining method: combined #### Resource Data - Category: measured - Tonnes: 200000 - Grade: 1 - Grade Unit: % - Contained Metal: 2 - Contained Unit: kt #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-28T00:00:00.000Z Reasoning: The Measured copper resource provides a high-confidence estimate with a good grade, contributing positively to the overall resource base, though the lack of cut-off grade is a minor transparency issue. - Positive factor: High confidence Measured category - Positive factor: Good copper grade for a group resource - Negative factor: Cut-off grade not disclosed Evidence · table > 0.2 Context: Measured #### 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 **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/evn-mining-forum-americas-2026-presentation--e2761ab3-ae15-4669-8b56-4e91a91c7a09#fact-resource-facts-6) Group · copper #### Identity - Project: Group - Commodity: copper - Ticker: EVN #### Resource scope - Estimate type: resource - QP Signed: Yes - Qualified person names: Ben Reid, Phillip Micale, Darren Hurst, Paul Boamah, Ben Young, Riek Muller, Krista Sutton, David Richards, Ethan Robins, Peter Nichols, Michael Corbett, Ryan Bettcher, Ross Garling, Jack Carswell, Glen Williamson, Sam Ervin, Sarah Webster - Resource group id: resource:4c54b456782368465947 - Mining method: combined #### Resource Data - Category: indicated - Tonnes: 1000000 - Grade: 0.8 - Grade Unit: % - Contained Metal: 8 - Contained Unit: kt #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-28T00:00:00.000Z Reasoning: The Indicated copper resource represents a substantial portion of the company's copper inventory with good confidence, supporting future mine planning, despite the undisclosed cut-off grade. - Positive factor: High confidence Indicated category - Positive factor: Significant tonnage and contained metal - Negative factor: Cut-off grade not disclosed Evidence · table > 1.0 Context: Indicated #### 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 **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/evn-mining-forum-americas-2026-presentation--e2761ab3-ae15-4669-8b56-4e91a91c7a09#fact-resource-facts-7) Group · copper #### Identity - Project: Group - Commodity: copper - Ticker: EVN #### Resource scope - Estimate type: resource - QP Signed: Yes - Qualified person names: Ben Reid, Phillip Micale, Darren Hurst, Paul Boamah, Ben Young, Riek Muller, Krista Sutton, David Richards, Ethan Robins, Peter Nichols, Michael Corbett, Ryan Bettcher, Ross Garling, Jack Carswell, Glen Williamson, Sam Ervin, Sarah Webster - Resource group id: resource:8237e38508dbdfc9ebb9 - Mining method: combined #### Resource Data - Category: inferred - Tonnes: 1000000 - Grade: 0.7 - Grade Unit: % - Contained Metal: 7 - Contained Unit: kt #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-28T00:00:00.000Z Reasoning: The Inferred copper resource provides additional exploration upside and potential for future conversion, but its lower confidence category and undisclosed cut-off grade warrant caution. - Positive factor: Adds to overall resource base and future potential - Negative factor: Lower confidence Inferred category - Negative factor: Cut-off grade not disclosed Evidence · table > 1.0 Context: Inferred #### 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 **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ### proven [Link to this fact](https://atlas-staging.minestarters.com/news/evn-mining-forum-americas-2026-presentation--e2761ab3-ae15-4669-8b56-4e91a91c7a09#fact-resource-facts-8) Group · copper #### Identity - Project: Group - Commodity: copper - Ticker: EVN #### Resource scope - Estimate type: reserve - QP Signed: Yes - Qualified person names: Ben Reid, Phillip Micale, Darren Hurst, Paul Boamah, Ben Young, Riek Muller, Krista Sutton, David Richards, Ethan Robins, Peter Nichols, Michael Corbett, Ryan Bettcher, Ross Garling, Jack Carswell, Glen Williamson, Sam Ervin, Sarah Webster - Resource group id: resource:728454c652cf4339600d - Mining method: combined #### Resource Data - Category: proven - Tonnes: 100000 - Grade: 0.9 - Grade Unit: % - Contained Metal: 1 - Contained Unit: kt #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-28T00:00:00.000Z Reasoning: The Proven copper reserve represents a high-confidence, economically viable portion of the resource, providing a solid base for production, despite the undisclosed cut-off grade. - Positive factor: Highest confidence Proven Reserve category - Positive factor: Economically viable and supports mine planning - Negative factor: Cut-off grade not disclosed Evidence · table > 0.1 Context: Proven #### 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 **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/evn-mining-forum-americas-2026-presentation--e2761ab3-ae15-4669-8b56-4e91a91c7a09#fact-resource-facts-9) Group · copper #### Identity - Project: Group - Commodity: copper - Ticker: EVN #### Resource scope - Estimate type: reserve - QP Signed: Yes - Qualified person names: Ben Reid, Phillip Micale, Darren Hurst, Paul Boamah, Ben Young, Riek Muller, Krista Sutton, David Richards, Ethan Robins, Peter Nichols, Michael Corbett, Ryan Bettcher, Ross Garling, Jack Carswell, Glen Williamson, Sam Ervin, Sarah Webster - Resource group id: resource:6f8e5b1a36b1cf5669ba - Mining method: combined #### Resource Data - Category: probable - Tonnes: 800000 - Grade: 0.7 - Grade Unit: % - Contained Metal: 6 - Contained Unit: kt #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-28T00:00:00.000Z Reasoning: The Probable copper reserve adds substantial economically viable material, providing a strong foundation for long-term production, though the cut-off grade is not specified. - Positive factor: High confidence Probable Reserve category - Positive factor: Significant tonnage and contained metal for mine planning - Negative factor: Cut-off grade not disclosed Evidence · table > 0.8 Context: Probable #### 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 **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ### Fact 11 [Link to this fact](https://atlas-staging.minestarters.com/news/evn-mining-forum-americas-2026-presentation--e2761ab3-ae15-4669-8b56-4e91a91c7a09#fact-resource-facts-10) Group · gold #### Identity - Project: Group - Commodity: gold - Ticker: EVN #### Resource scope - Resource group id: resource:6aeaa20df03d76cc6f6d - Mining method: combined #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-28T00:00:00.000Z Reasoning: The FY27 gold production guidance is a key forward-looking metric, indicating continued strong performance and providing clarity for investors. - Positive factor: Provides clear forward-looking production targets - Positive factor: Indicates continued strong gold production Evidence · table > 660 – 730 Context: Group #### Tags used in scoring **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 **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ### Fact 12 [Link to this fact](https://atlas-staging.minestarters.com/news/evn-mining-forum-americas-2026-presentation--e2761ab3-ae15-4669-8b56-4e91a91c7a09#fact-resource-facts-11) Group · copper #### Identity - Project: Group - Commodity: copper - Ticker: EVN #### Resource scope - Resource group id: resource:6aeaa20df03d76cc6f6d - Mining method: combined #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-28T00:00:00.000Z Reasoning: The FY27 copper production guidance is a key forward-looking metric, indicating continued strong performance and highlighting the company's growing copper exposure. - Positive factor: Provides clear forward-looking production targets - Positive factor: Highlights the company's significant copper production Evidence · table > 63 – 70 Context: Group #### Tags used in scoring **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 **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ## 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.