Evolution Mining Ltd (EVN.AX): EVN Builds Out Copper Exposure

Research evidence excerpt

Evolution Mining Ltd (EVN.AX): EVN Builds Out Copper Exposure

Evolution Mining Ltd (EVN.AX)

27 July 2026 Citi Research

Citigroup Global Markets Inc. or its affiliates received compensation for products and services other than investment banking

services from Australia, Commonwealth of (Government),Evolution Mining Ltd,United States in the past 12 months.

Citigroup Global Markets Inc. or its affiliates currently has, or had within the past 12 months, the following as investment

banking client(s): Australia, Commonwealth of (Government),United States.

Citigroup Global Markets Inc. or its affiliates currently has, or had within the past 12 months, the following as clients, and the

services provided were non-investment-banking, securities-related: Australia, Commonwealth of (Government),United

States.

services provided were non-investment-banking, non-securities-related: Australia, Commonwealth of

(Government),Evolution Mining Ltd,United States.

Citigroup Global Markets Inc. and/or its affiliates has a significant financial interest in relation to Australia, Commonwealth of

(Government),United States. (For an explanation of the determination of significant financial interest, please refer to the policy

for managing conflicts of interest which can be found at www.citiVelocity.com.)

Analysts’ compensation is determined by Citi Research management and Citigroup’s senior management and is based upon

activities and services intended to benefit the investor clients of Citigroup Global Markets Inc. and its affiliates (the “Firm”).

Compensation is not linked to specific transactions or recommendations. Like all Firm employees, analysts receive

compensation that is impacted by overall Firm profitability which includes investment banking, sales and trading, and