Growth
Newcrest has made significant progress against its Forging an Even Stronger Newcrest plan in FY22.
Advancing Newcrest’s global organic growth portfolio¹
Cadia, Australia
- Regulatory approval received to increase processing capacity to 35Mtpa2
- Two-stage plant expansion expected to be completed early in Q2 FY23
- PC1-2 Feasibility Study nearing completion
- SAG mill motor replaced and upgraded
- First molybdenum concentrate shipped
Red Chris, Canada
- Block Cave Feasibility Study on track for completion in H2 FY23 with early works program progressing well
- East Ridge Exploration Target identified as drilling continues to expand mineralisation footprint which remains open to the east
Lihir, Papua New Guinea
- Phase 14A Feasibility Study on track for completion in Q2 FY23 with early works advancing
- Front End Recovery Project nearing completion
- Mining improvement program advancing with two new shovels commissioned and truck re-build program complete
Telfer & Havieron, Australia
- West Dome Stage 5 cutback underway, supporting continued Telfer operations
- Open pit and underground extensional opportunities being assessed
- Havieron growth drilling continues to identify and expand high grade extensions across key target areas
- Option for additional 5% Havieron joint venture interest not exercised
- Subject to further studies, all necessary approvals, permits, internal and regulatory requirements and further works and potential delays due to COVID-19 impacts.
- The modification approved in December 2021 to increase the permitted processing capacity from 32Mtpa to 35Mtpa is subject to conditions including Newcrest commissioning an independent audit report to the satisfaction of the New South Wales Department of Planning & Environment Secretary in relation to Newcrest’s approach to managing and minimising the off-site air quality impacts of the project.
Copper Exposure
Newcrest has a substantial and increasing exposure to copper, a critical metal of the future with a positive long-term outlook that will allow us to participate in the potential opportunities presented by a global shift to decarbonisation.
Copper Resource & Reserve Base of Newcrest’s provinces¹𝄒²𝄒³
Area of bubble represents proportionate size of in situ copper (million tonnes)
Full circles represent Measured and Indicated Resources, empty circles represent Ore Reserves
Copper Production (tonnes) and FY23 guidance⁴
Delivering our growth targets⁵
- Resources represent Measured & Indicated Mineral Resources and Reserves represent Proved and Probable Ore Reserves.
- For confidence classification breakdown refer Table 5 for Mineral Resources see disclaimer on page 32 and Table 11 for Ore Reserves on page 36 in the 2022 Annual Report.
- Ore Reserve and Mineral Resource estimates are as at 30 June 2022 based on the release titled “Annual Mineral Resources and Ore Reserves Statement – as at 30 June 2022” dated 19 August 2022 which is available to view at www.asx.com.au under the code “NCM” and on Newcrest’s SEDAR profile. Figures represent Newcrest’s interest.
- The achievement of guidance is subject to market and operating conditions.
- Subject to further studies, all necessary approvals, permits, internal and regulatory requirements and further works and potential delays due to COVID-19 impacts.
- The modification approved in December 2021 to increase the permitted processing capacity from 32Mtpa to 35Mtpa is subject to conditions including Newcrest commissioning an independent audit report to the satisfaction of the New South Wales Department of Planning & Environment Secretary in relation to Newcrest’s approach to managing and minimising the off-site air quality impacts of the project.
