Strategy Progress

Forging an Even Stronger Newcrest

We have strong technical capabilities across the value chain, from exploration through to many different forms of mining and processing.

We have a distinctive capability in block caving and a long reserve life.

The Community Support Fund has supported 67 initiatives across Papua New Guinea, Australia, Canada, Ecuador and Fiji
The Group Net Zero Emissions Roadmap has identified key steps for Newcrest to deliver its goal of net zero Scope 1 and Scope 2 carbon emissions by 2050²

Approximately 600 Leaders have completed Inclusive Leadership Training
0.9% increase in our female representation globally
Highest-ever female representation in our Australian Graduate Program
Nine areas (function/sites) saw an increase in their Inclusion Index scores
Respect@Work program continues with a dedicated team focused on actions aiming to prevent disrespectful behaviours in the workplace

Edge program continues to target cash flow improvements, including targeted opportunities at Brucejack
Cadia SAG mill motor successfully replaced and upgraded
Lihir achieved record total material movements in the June 2022 quarter

Selective mine-to-mill processing technologies commissioned at Red Chris to prevent mis-identification and to redirect ore and waste
Further deferral of Lihir Seepage Barrier to FY26, with ongoing assessment of alternative solutions to enable a reduction in capital intensity
Brucejack mine debottlenecking and grade engineering studies initiated and advanced

Exploration success continues with strong drilling results at Brucejack, Red Chris and Havieron expanding the high‑grade footprints
Cadia PC1-2 Feasibility Study nearing completion and early works advancing³
Red Chris Block Cave, Havieron Stage 1 and Lihir Phase 14A Pre‑Feasibility Study findings released with Feasibility Studies and early works advancing on all projects
Cadia two-stage plant expansion on track for completion early in Q2 FY23 with approval received to increase permitted processing capacity to 35Mtpa^3,4

As at 12 September 2022 and reflects progress made since Newcrest FY21 Annual Report. Newcrest announced its Forging an even stronger Newcrest plan in February 2021.
Newcrest intends to work across its value chain to reduce its Scope 3 emissions.
Subject to market and operating conditions and approvals 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.