E Evolution Mining Limited

Evolution Mining Sets Up Fy24 For Cash Flow Growth And Returns: A Look At June Quarter And Fy23 Highlights

Fenix Shifts Iron Ore Focus To Weld Range Every Year, Millions Of Tonnes Of Iron Ore Leave Western Australia’S Red Desert, Feeding Global Steel Markets. Now Fenix Resources Is Repositioning Its Iron Ore Operations, Placing The Weld Range At The Centre Of Its Future Production Plans. As The Company’S Earlier Pits Begin To Wind Down, Fenix Is Moving Toward A More Centralised Approach Focused On Long-Term Stability And Scale. From Multiple Pits To One Long-Life Hub The Weld Range Offers Fenix A Long-Life Iron Ore Resource Supported By A 30-Year Mining Agreement. By Concentrating Operations In One Area, The Company Aims To Lift Output While Simplifying Its Production Footprint. This Shift Marks A Move Away From Shorter-Life Pits Toward A More Sustained Operating Base. Port Access Underpins The Strategy A Key Advantage Of The Weld Range Is Its Access To Geraldton Port, Which Supports The Transport And Export Of Iron Ore From Wa’S Mid-West. This Connection Strengthens The Project’S Role In Fenix’S Broader Logistics And Export Strategy. A Foundation For The Next Phase With Its Focus Now Turning To The Weld Range, Fenix Is Positioning The Project As The Anchor Of Its Next Phase Of Iron Ore Production. The Strategy Reflects A Broader Push Toward Scale, Efficiency, And Long-Term Continuity. Whether The Weld Range Becomes The Defining Chapter In Fenix’S Iron Ore Story Will Unfold As The Transition Progresses.

Bhp Weighs $20 Billion Copper Expansion In South Australia Around 500 Kilometres North Of Adelaide Sits Olympic Dam, One Of The World’S Largest And Most Valuable Copper Deposits. It’S A Long-Running Operation In The Heart Of South Australia’S Outback, And A Critical Asset In Global Copper Supply. Linking Olympic Dam With Oak Dam Bhp’S Latest Studies Investigate Connecting Olympic Dam With Oak Dam — A High-Grade Copper Discovery Located Nearby. If Developed Together, The Two Sites Could Form A New Copper Hub Capable Of Lifting South Australia’S Production For Decades. A Project Facing Big Challenges Despite The Scale Of The Opportunity, Several Challenges Are Slowing Progress. Rising Energy Costs, Limited Water Availability, And Ongoing Infrastructure Constraints All Add Complexity To The Project. Water Supply In Particular Remains A Key Issue In The Region, With Any Major Expansion Likely Requiring New Pipelines Or Desalination Investment. Could This Be Australia’S Next Pilbara? If Bhp Overcomes These Hurdles, South Australia Could Become Home To A Copper Province On The Scale Of The Pilbara’S Iron Ore Industry. With Global Demand For Copper Surging, The Region’S Long-Term Potential Is Significant — But Turning It Into Australia’S Next Major Mining Hub Will Depend On Solving Today’S Bottlenecks.

Australia Fast-Tracks Major Niobium Discovery One Of The World’S Most Significant Niobium Discoveries Is Now Being Pushed Forward In Remote Western Australia, After The Federal Government Granted Major Project Status To Wa1 Resources’ Luni Project. Located In The West Arunta Region, The Project Contains Over 200 Million Tonnes Of High-Grade Niobium- And Phosphorus-Rich Material — Described By Wa1 As The Biggest Niobium Discovery In 70 Years. Why Niobium Matters Niobium Is A Strategic Critical Mineral Used To Strengthen High-Performance Steel, Particularly In Pipelines, Automotive Components And Major Construction. It Is Also Essential In Jet Engine Superalloys, Superconducting Magnets, Electronics, And Other Advanced Technologies. The Scale Of Luni Gives Australia A Rare Opportunity To Expand Its Role In The Global Supply Of This Specialised Metal, Which Is Currently Dominated By Brazil. A Key Step In Strengthening Supply Chains The Major Project Status Designation Signals Canberra’S View Of Luni As A Development With National Economic And Strategic Importance. Wa1 Says The Recognition Highlights Luni’S Potential To Support Regional Jobs, Bolster Sovereign Capability, And Contribute To Australia’S Growing Critical-Minerals Export Sector. As Studies Progress, Luni Is Shaping Up As One Of The Country’S Most Important New Mineral Projects — And A Rare Moment Of Global Significance For The Niobium Industry.

$2.3b Copper Mine Green-Lit In Outback Queensland A Huge New Copper Mine Is Set To Be Developed In Outback Queensland, With Harmony Gold Approving The $2.3 Billion Eva Copper Project. Located North Of Cloncurry, The Mine Is Positioned To Become One Of The State’S Most Important New Resource Developments. Long Mine Life And Steady Production The Eva Copper Project Is Expected To Produce Copper For At Least 15 Years, Delivering Steady Output To Help Support Queensland’S Growing Demand For Critical Minerals. It Will Also Strengthen The Region’S Supply Chain As Older Operations Wind Down. Up To 1,400 Jobs For The North West Construction And Operations Are Forecast To Create Up To 1,400 Jobs, Providing A Major Boost For Local Workers And Communities Across The North West Minerals Province. The Project Is Expected To Play A Key Role In Supporting The Region’S Long-Term Economic Stability. Backed By Queensland’S Investment Push The Queensland Government Has Backed The Project As Part Of Its Broader Investment Drive To Attract Major Resources Developments. Officials Say The New Mine Will Help Position The State As A Leader In Critical Minerals And Support The Transition To A Cleaner Energy Future. One Of Queensland’S Biggest New Copper Mines Once Operational, Eva Copper Is Set To Become One Of Queensland’S Largest New Copper Mines. With Strong Government Support And Rising Global Demand For Copper, The Project Is Expected To Anchor The Next Chapter Of Growth For The North West.

Bhp Sells $3b Stake In Pilbara Power Network Mount Whaleback — One Of The World’S Largest Open-Cut Iron-Ore Mines — Depends On A Vast Inland Power Network That Keeps Crushers, Haul Roads And Remote Camps Running Across The Pilbara. This Network Supplies Electricity Not Only To Mount Whaleback, But To Bhp’S Broader Western Australia Iron Ore (Waio) Operations And The Nearby Township Of Newman. Blackrock Buys Nearly Half Bhp Has Sold A Near-Half Stake In This Power System To Us Investment Firm Blackrock’S Global Infrastructure Partners Division In A Deal Worth $3 Billion (Aud Equivalent). Despite The Sale, Bhp Retains Operational Control Of The Network. The New Structure Means Bhp Will Pay An Agreed Tariff For The Electricity It Uses Over A 25-Year Period. Freeing Up Capital For Growth Bhp Says The Move Allows It To Recycle Capital From Long-Life Infrastructure Into Higher-Return Opportunities Across Its Iron-Ore Business. Industry Analysts Note The Deal Is Aimed At Improving Capital Efficiency While Maintaining Stable Power Supply To Essential Mining Operations. Why It Matters Power Reliability Is Core To Pilbara Iron-Ore Production, And The Deal Does Not Affect Existing Agreements With Traditional Owners, The Wa Government, Or Local Communities. With Global Iron-Ore Competitors Tightening Costs And New Supply Emerging, Bhp Is Positioning Itself To Maintain Long-Term Productivity And Financial Flexibility. What Happens Next The Agreement Is Subject To Approval From The Foreign Investment Review Board (Firb), But No Operational Changes Are Expected. Bhp Has Reiterated Its Medium-Term Goal Of Lifting Pilbara Iron-Ore Output Toward 305 Million Tonnes Per Year.