Newcrest Mining — FY2021 Earnings Presentation
81 slides from Newcrest Mining's earnings presentation, August 2021
Slide 1: Newcrest Briefing Book
Newcrest Briefing Book August 2021 0
Slide 2: Disclaimer
Disclaimer Forward Looking Statements This document includes forward looking statements and forward looking information within the meaning of securities laws of applicable jurisdictions. Forward looking statements can generally be identified by the use of words such as “may”, “will”, “expect”, “inte
Slide 3: Disclaimer
Disclaimer Ore Reserves and Mineral Resources Reporting Requirements As an Australian Company with securities listed on the Australian Securities Exchange (ASX), Newcrest is subject to Australian disclosure requirements and standards, including the requirements of the Corporations Act 2001 and the A
Slide 4: Our Aspirations
Forging an even stronger Newcrest Our aspirations by the end of 2025 Our Purpose Creating a brighter future Our Vision To be the Miner of Choice: Our Edge Collaboration, innovation for people through safe and • Valued by our people and communities and an owner’s mindset responsible mining • Respecte
Slide 5: Safety update
Safety update FY17 – FY21 TRIFR1 Critical Control Management Verifications 3.3 2.6 2.4 2.3 2.3 5182 FY21 267k3 FY21 FY17 FY18 FY19 FY20 FY21 Safety Transformation Integrated with existing • Approaching 6 years fatality free, zero life systems changing injuries • Industry-leading low TRIFR rates4 Pro
Slide 6: Sustainability – Aspiring to be an industry leader
Sustainability – Aspiring to be an industry leader Health & Safety Water Zero fatalities, year-on- Stewardship year reduction in TRIFR Implementation of site and health hazard water efficiency plans exposures Transparent and Biodiversity Ethical Business Implementation of site High-quality Biodivers
Slide 7: Sustainability – Aspiring to be an industry leader
Sustainability – Aspiring to be an industry leader Cultural Heritage Diversity & Inclusion Policies in place to help An inclusive and protect & preserve diverse workforce cultural heritage Supply Chain Modern Slavery Undertake due diligence First Modern Slavery of critical and high-risk Statement re
Slide 8: Climate Change: Targets, Shadow Carbon Price & TCFD
Climate Change: Targets, Shadow Carbon Price & TCFD Climate Change Policy, 2030 emissions target & goal of net zero emissions • Goal of net zero carbon emissions by 20501 • Target of 30% reduction in greenhouse gas emissions intensity by 20302 • In December 2020, Newcrest entered into a renewable en
Slide 9: Goal of net zero carbon emissions by 2050
Goal of net zero carbon emissions by 20501 Stepping up sustainability commitments: • Multiple near term GHG reduction opportunities being progressed • Newcrest will pursue innovative solutions and adopt new technology in the long term • Continued progress against TCFD2 recommendations, completing Tr
Slide 10: Sustainability – Key affiliations and reporting
Sustainability – Key affiliations and reporting International and industry performance standards International Council on Mining & Metals member – Sustainability Framework • Independently assured annually against the 10 Principles and Positions Statements, including GRI • Alignment to Global Industr
Slide 11: Progress reflected in improved ESG scores
Progress reflected in improved ESG scores1 S&P Global (DJSI) Sustainalytics 82%* 28.4* Continued improvement on 2019 (75%) and 2018 (61%) Significant decrease in risk profile Promoted into the Dow Jones Sustainability Index Asia Improvement on 2019 performance (Risk score of 33.2) Pacific for the fi
Slide 12: Investment proposition
Investment proposition Long Low cost reserve life production Organic growth options Do what (at Cadia, Lihir, Wafi-Golpu, we say Red Chris & Havieron) Strong exploration & technical Financially robust capabilities 11
Slide 13: Capital allocation framework
Capital allocation framework Newcrest’s Capital Allocation Framework Newcrest’s financial objectives are to: Cash flow from operations • meet all financial obligations • maintain a strong balance sheet to withstand cash flow Sustaining capital / Growth investment Exploration Maintain a strong Minimu
Slide 14: Delivering increased dividends to shareholders
Delivering increased dividends to shareholders Newcrest Dividend Policy1 “Newcrest looks to pay ordinary dividends that are sustainable over time having regard to its cash flow generation, its reinvestment options in the business and external growth opportunities, its financial policy metrics and it
Slide 15: An aligned executive remuneration structure
An aligned executive remuneration structure Short Term Incentive Criteria1 Long Term Incentive Criteria 1 Each of the CEO, CFO and other Executives have different specific personal measures under the 5 categories listed. 14
Slide 16: An experienced management team
An experienced management team Sandeep Biswas Gerard Bond Craig Jones Philip Stephenson Managing Director and Finance Director and Chief Operating Officer Chief Operating Officer Chief Executive Officer Chief Financial Officer (Papua New Guinea) (Australia and Americas) Lisa Ali Maria Sanz Perez Sei
Slide 17: Our operating assets, advanced projects & investments
Our operating assets, advanced projects & investments1 Cadia (100%) Lihir (100%) Telfer (100%) FY21 Production: 765koz Au, 106kt Cu FY21 Production: 737koz Au FY21 Production: 416koz Au, 13kt Cu FY21 AISC: -$109/oz FY21 AISC :4 $1,391/oz FY21 AISC: $1,473/oz Ore Reserves2: 20moz Au & 4.1mt Cu Ore Re
Slide 18: Newcrest retains long reserve life advantage
Newcrest retains long reserve life advantage Note: Width of bubble size represents relative size of gold reserves, indicative AISC margin based on $1,796 gold price (being Newcrest’s realised gold price for FY21) Indicative AISC Margin - Interest Exp US$ per ounce1 1,000 950 900 Evolution 850 Newcre
Slide 19: Newcrest retains long reserve life advantage
Newcrest retains long reserve life advantage Note: Width of bubble size represents relative size of gold reserves, indicative AISC margin based on $1,796 gold price (being Newcrest’s realised gold price for FY21) Indicative AISC Margin - Interest Exp US$ per ounce1 1,000 950 900 Evolution Newcrest 8
Slide 20: Lihir and Cadia are in a class of their own
Lihir and Cadia are in a class of their own Resource & Reserve base of global majors’ operating assets (Moz)1,2 50 Solid bars = ore reserve Transparent bars = mineral resource 40 30 20 10 0 1. Based on producing assets held by Newcrest, Newmont and Barrick with an attributable reserve >4moz (with Te
Slide 21: Substantial and growing copper exposure
Substantial and growing copper exposure Copper Resource & Reserve Base of Newcrest’s Provinces1,2 4,000 3,000 Dry Tonnes (million) Cadia 2,000 Namosi 1,000 Wafi-Golpu Red Chris Telfer 0 0.0 0.2 0.4 0.6 0.8 1.0 1.2 1.4 Area of bubble represents proportionate size of insitu copper (million tonnes) Cop
Slide 22: Substantial and growing copper exposure
Substantial and growing copper exposure Gold and Copper Resource Base of Newcrest’s Provinces1,2 60 50 Gold insitu (million ounces) Lihir 40 Cadia 30 20 Wafi-Golpu Red Chris 10 Namosi Telfer 0 0 1 2 3 4 5 6 7 8 9 10 Copper insitu (million tonnes) Area of bubble represents proportionate size of insit
Slide 23: A unique suite of technical capabilities
A unique suite of technical capabilities Lihir, Telfer, Telfer Telfer Cadia Red Chris Open Pit Selective Reef Underground Bulk Sublevel Caving Block/Panel Underground Caving Large scale comminution Pressure oxidation Processing Copper-gold flotation Cyanide & carbon in leach 22
Slide 24: Innovation keys to unlock mineral inventories
Innovation keys to unlock mineral inventories Breakthrough Levers Adopt Adapt Develop Shape C Cadia G L Lihir C R L R T G C R C R T L R Red Chris Next Gen High lift, Selective, Low cost cave High lift Flooded pit T Telfer Mining deep caving steep pits establishment selective UG mining 9 8 6 6 4 G Wa
Slide 25: Breakthrough #1: High draw, deep caving
Breakthrough #1: High draw, deep caving Utilising our caving expertise to extend our current assets and deliver our growing portfolio Key Milestones • Aug-21: Cadia PC1-2 PFS History of Adoption • Q3 CY21 Red Chris Block Cave PFS • In FY23: PC2-3 first production Bubble size represents production ra
Slide 26: Breakthrough #2: NextGen HydroMet
Breakthrough #2: NextGen HydroMet Partial oxidation strategy – delivering results Microcrystalline pyrite1 – appears more reactive and generally has higher gold content. Particle oxidises more rapidly in the autoclave, Selective liberating gold relatively quickly oxidation Crystalline (blocky) pyrit
Slide 27: Breakthrough #3: Selective Processing
Breakthrough #3: Selective Processing1 Coarse Ore Flotation – delivering higher recovery with less energy output Coarse Ore Flotation is an aerated fluidized-bed separator that has demonstrated increased recovery of coarse Coarse particles compared to conventional flotation. Flotation In addition to
Slide 28: Breakthrough #4: Single Pass Cave Establishment
Breakthrough #4: Single Pass Cave Establishment Single Pass Cave Establishment (Undercutless) trial completed at Telfer Key objectives of the Single Pass Cave Establishment (SPCE) Block Cave Trial were met: High lift, deep caving Design height functionally verified Connection between the four Underc
Slide 29: Breakthrough #5: New Enabling Technology
Breakthrough #5: New Enabling Technology New hot mining technology enabling safer & productive mining of Lihir’s hot ground zones New electronic detonator and bulk explosive products tested to 150°C and high reactivity Hot Mining Development of a full suite of mining robotics solutions to deliver sa
Slide 30: Delivering on our profitable growth targets
Delivering on our profitable growth targets Dec 2020 Feb 2021 Mar 2021 Aug 2021 Q3 CY21 Q3 CY21 2H CY21 Havieron Lihir Red Chris Telfer Cadia Lihir Havieron Initial Pit Initial WDS5 Moly plant Ph14A PFS PFS to be inferred optimisation Newcrest cutback first to be released resource study resource app
Slide 31: Cadia – Low cost, world class asset
Cadia Cadia – Low cost, world class asset Site Process Key Statistics1 1 Gold Reserve Life: ~26 years Element Description Gold Ore Reserves: 20moz Mining Panel Cave mining from Cadia East Gold M&I Mineral Resources: 35moz (Panel Cave 1 and 2), with underground crushing and conveyor Gold Inferred Res
Slide 32: Cadia Expansion Project
Cadia Expansion Project1,2,3 Stage 1 (in Execution) Stage 2 (in Execution) • Estimated capital cost - $685m • Estimated capital cost - $175m •PC2-3 mine development • further plant expansion to 35mtpa •materials handling system upgrades • LOM gold and copper recovery •associated infrastructure impro
Slide 33: Cadia PC1-2 Pre-Feasibility Study Findings
Cadia PC1-2 Pre-Feasibility Study Findings1,2,3,4 In August 2021, the Board approved the Cadia PC1-2 PFS to the PC1-2 Extraction Level Design: Feasibility Stage, enabling the commencement of the Early Works Key Findings: • Real, after-tax Internal Rate of Return of 21.5% • Net Present Value of $1.5
Slide 34: Cadia PC1-2 Pre-Feasibility Study Findings
Cadia PC1-2 Pre-Feasibility Study Findings1,2,3 Estimated PC1-2 project capital expenditure: Expected PC1-2 grade & recovery rates4: Stage 1 – Early Works Program & FS completion: $ 0.1bn Average gold grade: 0.50g/t Stage 2 – Main Works Program: $ 0.8bn Average copper grade: 0.28% Total Project Capi
Slide 35: Estimated Cadia Gold Equivalent Production
Estimated Cadia Gold Equivalent Production1,2,3,4 1,200 40 35 1,000 Gold equivalent production (koz) 30 800 25 Ore Milled (mt) 600 20 15 400 10 200 5 0 0 2022 2025 2028 2031 2034 2037 2040 2043 2046 2049 2052 2055 2058 2061 Ore Milled Gold Equivalent 1. The Cadia PC1-2 Pre-Feasibility Study has been
Slide 36: Cadia – Indicative cave production schedule
Cadia – Indicative cave production schedule1,2,3,4 Start First Panel Cave Ore (mt) Construction production PC2-3 In Progress FY23 128 PC1-2 FY22 FY26 258 PC1-3 FY31 FY32 137 PC3-1 FY34 FY37 168 PC2-4 FY37 FY39 115 PC1-4 FY43 FY45 156 PC2-5 FY46 FY47 22 PC5001. FY48 FY50 80 1. The Cadia PC1-2 Pre-Fea
Slide 37: Cadia – Indicative mine plan
Cadia – Indicative mine plan1,2,3,4,5 Total material Timing (Years) Plant Feed (mt) Average Gold grade (g/t) Average Copper grade (%) movement (mt) FY22 – 24 ~101 ~99 0.7 0.4 FY25 – 27 ~105 ~105 0.4 0.3 FY28 – 30 ~107 ~107 0.5 0.4 FY31 – 33 ~107 ~107 0.5 0.3 FY34 – 36 ~107 ~107 0.5 0.3 FY37 – 39 ~10
Slide 38: Molybdenum plant update
Molybdenum plant update Feasibility Study completed: • Molybdenum separation plant expected to generate a LOM average of ~4.1Mlb of Molybdenum per annum at concentrate grade of 52% with a 90% recovery1 • Shipping and logistics parameters confirmed • Plant in commissioning stage FS Key Findings1,2,3,
Slide 39: Block caving fundamentals
Block caving fundamentals Subsidence zone Cadia Panel Cave 1 • ~1,200 metres deep, 114 drawbells Cadia Panel Cave 2 • ~1,400 metres deep, 165 drawbells Caving levels Comparative surface impact Cadia hill open pit Cadia East subsidence zone Waste rock dumps 38
Slide 40: Lihir – Phase 14A Pre-Feasibility Study underway
Lihir Lihir – Phase 14A Pre-Feasibility Study underway Site Process Key Statistics1 1 Element Description Gold Reserve Life: ~30 years Mining Open pit drill, blast, load Gold Ore Reserves: 22moz and haul mining, currently in Gold M&I Mineral Resources: 43moz Phases 14,15 & 16 in Gold Inferred Resour
Slide 41: Lihir – Indicative mine plan
Lihir – Indicative mine plan1,2,3,4,5 Timing Total Material Tonnes to Ex-pit Tonnes Stockpile Plant Feed Feed Grade Sources Waste (Mt) (Years) Moved (Mt)2 Stockpiles (Mt) Fed (Mt) Tonnes Fed (Mt) (Mt)3 Range (g/t) Lienetz, medium/low grade FY22-24* 180 – 210 90 – 110 15 – 25 25 – 35 15 – 25 40 – 50
Slide 42: Lihir Mine Optimisation Study outcomes
Lihir Mine Optimisation Study outcomes Current Lihir Mine Plan Sequence Key Findings1: • Eastern limits of Ph16 and 17 increased by ~120m, bringing higher grade into the mine sequence earlier • Increased volumes from the revised block design of Ph16 and 17 enables deferral of Seepage Barrier Project
Slide 43: Potential for significant value uplift at Lihir
Potential for significant value uplift at Lihir1 Lienitz Pit Phase 14A Cutback Opportunity • Opportunity utilises civil engineering wall support techniques to enable the safe retrieval of otherwise inaccessible Mineral Resource • Initial study identified 20Mt @ 2.4g/t Au of Indicated Mineral Resourc
Slide 44: Lihir Deep Sea Tailings Placement
Lihir Deep Sea Tailings Placement • Rigorous baseline studies prior to approval • DSTP approved as the preferred tailings management option from an environmental and social point of view for Lihir which has limited space for terrestrial tailings storage and is a seismically active region • Governmen
Slide 45: Lihir DSTP Monitoring
Lihir DSTP Monitoring No significant operational, compliance, environmental or social issues related to the operation of the DSTP system since Newcrest’s acquisition of Lihir in 2010. ~20 years of operation & scientific monitoring in accordance with the comprehensive Environmental Management and Mon
Slide 46: Telfer – Strategically positioned in the Paterson
Telfer Telfer – Strategically positioned in the Paterson Site Process Key Statistics1 1 Element Description Gold Reserve Life: ~3 years Gold Ore Reserves: 1.1moz Mining Open pit mining contracted to Macmahon Gold M&I Mineral Resources: 3.4moz Gold Inferred Resources2: 2.5moz Underground sub-level ca
Slide 47: Telfer – Indicative mine plan
Telfer – Indicative mine plan Mineral Resource & Ore Reserves1 Gold Copper Dry Tonnes Grade Insitu Gold Dry Tonnes Insitu Grade (%) (Million) (g/t) (Moz) (Million) Copper (Mt) Ore Reserves Stockpiles 11 0.40 0.14 11 0.074 0.0079 West Dome Open Pit 37 0.69 0.81 37 0.073 0.027 Telfer Underground 3.9 1
Slide 48: Red Chris – Potential Tier 1 orebody
Red Chris Red Chris – Potential Tier 1 orebody1 Site Process Key Statistics Element Description Gold M&I Mineral Resources2: 13moz Gold Inferred Resources2: 1.9moz Mining Open pit mining (currently) 2 Copper M&I Mineral Resources : 3.7mt Block cave (potentially)1 Copper Inferred Resources2: 0.57mt P
Slide 49: Achievements at Red Chris since July 2020
Achievements at Red Chris since July 2020 Significant reduction in injury Continue to build strong co- >167,000m drilled under NCM PFS in final stages of Transition to cyclone sand and severity rates with NewSafe management relationship with ownership. completion - expected to be construction for Ta
Slide 50: Economic exposure to Fruta del Norte
Economic exposure to Fruta del Norte Newcrest has a 32% equity interest in Lundin Gold, the owner of the Fruta del Norte mine Fruta del Norte Financing Facilities acquired for $460 million1 • Gold pre-pay term credit facility with face value of US$150 million: o Repayment through 19 quarterly cash p
Slide 51: Wafi-Golpu – Feasibility Study Outcomes
Wafi-Golpu Wafi-Golpu – Feasibility Study Outcomes1 Key Statistics – Golpu2 Gold Ore Reserves: 5.5moz IRR3: ~18.2% (real) Avg. copper grade: 1.27% Gold M&I Mineral Resources: 7.9moz NPV: ~$2.6bn (real) Avg. gold grade: 0.9 g/t Gold Inferred Mineral Resources: 1.4moz Payback: ~9.5 years from Avg. ann
Slide 52: Wafi-Golpu – Indicative Production
Wafi-Golpu – Indicative Production1,2,3 1. The figures above reflect 100% of project, Newcrest owns 50% of the project. These figures are estimates from the updated Feasibility Study (as at 19 March 2018) and as such were prepared with the objective of being subject to an accuracy range of ±15%, wit
Slide 53: Wafi-Golpu – Indicative Free Cash Flow
Wafi-Golpu – Indicative Free Cash Flow1,2 Year post grant of SML and 1 2 3 4 5 6 board approval Undiscounted FCF (100% basis) $(133)m $(374)m $(465)m $(1,003)m $(766)m $(82)m 1. The figures above reflect 100% of project, Newcrest owns 50% of the project. These figures are estimates from the updated
Slide 54: DSTP – The Preferred Tailings Option
DSTP – The Preferred Tailings Option Pipe location Huon Gulf Steep sub-sea slopes Deep Canyon Sediment movement towards a 9km deep trench • Extensive scientific studies completed • Western Huon Gulf is a highly suitable environment for DSTP • Environmentally and socially, deep sea tailings placement
Slide 55: What is a Tier 1 deposit?
What is a Tier 1 deposit? “We aspire to a portfolio within 10 years of 5 x Tier 1 assets, 2 - 4 x Tier 2 assets and a strong pre-production pipeline …”1 Definitions of Tier 1 and Tier 2 assets below used to guide portfolio optimisation decisions: Tier 1 Tier 2 Scale Potential for > 300 kozpa Au Pote
Slide 56: Newcrest Anchor Districts
Newcrest Anchor Districts Value generated through looking deeper & opening up new search space in targeted global gold belts 55
Slide 57: Anchor District: Paterson Province
Anchor District: Paterson Province Success in deep exploration under cover leading to potential growth opportunities for Telfer Telfer Australia Havieron JV (Greatland Gold): New under cover higher 1 grade discovery – 45km east of Telfer Winu Inferred Mineral Resource Estimate for Havieron 2 announc
Slide 58: Targeting growth at the Havieron Project
Targeting growth at the Havieron Project Extensive growth drilling program targeting resource growth across 3 key target areas Geology Plan View of the Havieron Deposit SE Crescent Deeps – Higher grade at depth 1. The Havieron drill results on this slide have been extracted from Newcrest’s release’s
Slide 59: Anchor District: British Columbia
Anchor District: British Columbia Higher grade porphyry opportunities in the Golden Triangle Red Chris: Newcrest acquires 70% of a potential Tier 1 1 orebody on 15 August 2019 Newcrest announces its initial Mineral Resource 2 estimate for Red Chris, including a Measured & Indicated Resource of 13Moz
Slide 60: A new discovery at Red Chris
A new discovery at Red Chris East Ridge – a new discovery of higher grade mineralisation located outside of the Resource shell Schematic long section of Red Chris: 1. Resource shell outline as defined in Newcrest’s release titled “Newcrest announces its initial Mineral Resource estimate for Red Chri
Slide 61: Anchor District: Ecuador
Anchor District: Ecuador Higher grade epithermal & porphyry opportunities throughout Ecuador 32% interest in Lundin Gold: Exposure to the Tier 1 1 Fruta del Norte mine Direct exposure to Fruta del Norte through acquired 2 finance facilities - ~US$95 million in net pre-tax cashflows received since ac
Slide 62: Innovative Predictive Targeting
Innovative Predictive Targeting Exploring historical data for the next discovery Compilation, validation & integration of Australia- 1 wide public geochemistry to identify and rank prospective signatures +12 million surface samples: cleaned and integrated 2 with continental scale geophysical layers
Slide 63: Record free cash flow generation in FY21
Record free cash flow generation in FY21 1 1. Cash investment in M&A activity in FY20 comprises the payment for the acquisition of Red Chris (70% ownership) of $769 million, the acquisition of Fruta del Norte finance facilities of $460 million, further investments in Lundin Gold of $79 million, net
Slide 64: Balance sheet well positioned to fund growth
Balance sheet well positioned to fund growth Net debt position at 30 June 2021 ($m) Corporate Bonds maturity profile as at 30 June 20211 ($m) 900 3,707 Next repayment not due until May 2030 2,889 600 2,107 1,499 1,040 2 300 624 395 (176) - FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25
Slide 65: Comfortably within our financial targets
Comfortably within our financial targets Element Target 30 Jun 2021 Financial Policy Metrics Leverage ratio Less than 2.0x (0.1x) (Net Debt / EBITDA) (for trailing 12 months) Gearing Ratio Less than 25% (1.8%) Credit rating Aim to maintain investment grade Investment grade Cash and committed undrawn
Slide 66: LT metal price assumptions for R&R estimates
LT metal price assumptions for R&R estimates1 Long Term Metal Price Newcrest Assumptions (excluding Telfer) Telfer2 Mineral Resources Estimates Gold Price US$1,400/oz US$1,400/oz Copper Price US$3.40/lb3 US$3.40/lb3 Silver Price US$21.00/oz US$21.00/oz Molybdenum Price US$10.00/lb4 Ore Reserves Esti
Slide 67: Newcrest’s Mineral Resources & Ore Reserves
Newcrest’s Mineral Resources & Ore Reserves 31 December 2020 Gold Measured and Indicated Mineral Resources1,2,3 Dec-20 Measured Dec-19 Measured and Dec-20 Mineral Resources Measured Resource Indicated Resource and Indicated Indicated Resource Resource Insitu Insitu Insitu Insitu Gold Measured and Dr
Slide 68: Newcrest’s Mineral Resources & Ore Reserves
Newcrest’s Mineral Resources & Ore Reserves 31 December 2020 Gold Inferred Mineral Resources1,2,3 Dec-19 Inferred Dec-20 Mineral Resources Dec-20 Inferred Resource Resource Gold Inferred Mineral Dry Gold Insitu Gold Dry Gold Insitu Gold Resources Tonnes Grade (million Tonnes Grade (million (million)
Slide 69: Newcrest’s Mineral Resources & Ore Reserves
Newcrest’s Mineral Resources & Ore Reserves 31 December 2020 Copper Measured and Indicated Mineral Resources1,2,3 Dec-20 Measured Dec-19 Measured and Dec-20 Mineral Resources Measured Resource Indicated Resource and Indicated Indicated Resource Resource Copper Measured and Insitu Insitu Insitu Insit
Slide 70: Newcrest’s Mineral Resources & Ore Reserves
Newcrest’s Mineral Resources & Ore Reserves 31 December 2020 Copper Inferred Mineral Resources1,2,3 Dec-19 Inferred Dec-20 Mineral Resources Dec-20 Inferred Resource Resource Insitu Insitu Dry Copper Dry Copper Copper Inferred Mineral Copper Copper Tonnes Grade Tonnes Grade Resources (million (milli
Slide 71: Newcrest’s Mineral Resources & Ore Reserves
Newcrest’s Mineral Resources & Ore Reserves 31 December 2020 Gold Ore Reserves1,2,3 Dec-19 Total Dec-20 Ore Reserves Proved Reserve Probable Reserve Dec-20 Total Reserve Reserve Insitu Insitu Insitu Insitu Dry Gold Dry Gold Dry Gold Dry Gold Gold Gold Gold Gold Gold Ore Reserves Tonnes Grade Tonnes
Slide 72: Newcrest’s Mineral Resources & Ore Reserves
Newcrest’s Mineral Resources & Ore Reserves 31 December 2020 Copper Ore Reserves1,2,3 Dec-20 Ore Reserves Proved Reserve Probable Reserve Dec-20 Total Reserve Dec-19 Total Reserve Insitu Insitu Insitu Insitu Dry Copper Dry Copper Dry Copper Dry Copper Copper Copper Copper Copper Copper Ore Reserves
Slide 73: Newcrest’s Mineral Resources & Ore Reserves
Newcrest’s Mineral Resources & Ore Reserves 31 December 2020 Molybdenum Measured and Indicated Mineral Resources1,2,3 Dec-20 Measured and Dec-19 Measured and Dec-20 Mineral Resources Measured Resource Indicated Resource Indicated Resource Indicated Resource Molybdenum Measured and Indicated Insitu I
Slide 74: Supply & Demand Data
Supply & Demand Data Gold demand & supply (tonnes)1 12 months to 6 months to China and India make up >58% of jewellery demand. Jewellery Demand 31 Dec 2020 30 Jun 21 demand has continued to rebound Jewellery 1,401.1 38% 873.7 48% but is still below pre-pandemic Technology 302.2 8% 161.0 9% levels. E
Slide 75: Operating Costs
Operating Costs Newcrest is a US dollar reporting entity. Its operating costs will vary in accordance with the movements in its operating currencies where those costs are not denominated in US dollars. The table below shows indicative currency exposures on operating costs for FY21 by site: USD AUD P
Slide 76: Foreign Exchange Sensitivities & Oil Hedges
Foreign Exchange Sensitivities1 & Oil Hedges2 Approximate FY22 Site Parameter Movement EBIT Impact (US$m) Cadia AUD:USD +0.01 AUD (0.78 → 0.79) (8) Telfer AUD:USD +0.01 AUD (0.78 → 0.79) (4) Lihir USD:PGK -0.1 PGK (3.51 → 3.41) (8) Red Chris USD:CAD -0.01 CAD (1.25 → 1.24) (2) Group AUD:USD +0.01 AU
Slide 77: Results Summary – FY21
Results Summary – FY211 Red Fruta del Corp / Cadia Lihir Telfer Havieron Group Chris1 Norte1,2 Other Gold Production (koz) 765 737 416 46 129 - - 2,093 Copper Production (kt) 106 - 13 23 - - - 143 AISC ($m) (83) 1,0763 606 103 913 - 135 1,9283 Capital expenditure ($m): - Production Stripping - 120 -
Slide 78: FY22 Guidance
FY22 Guidance1,2 Red Fruta del Cadia Lihir Telfer Havieron Other Group Chris2 Norte2,3 Gold production (koz) 540 - 610 700 - 800 390 - 440 40 – 42 120 – 135 - - 1,800 – 2,000 Copper production (kt) 85 – 95 - ~15 23 – 25 - - - 125 - 130 AISC ($m)4 (100) – 30 950 –1,040 600 – 680 (25) – 15 100 – 104 -
Slide 79: NEWCREST MINING LIMITED
NEWCREST MINING LIMITED Board Forward Shareholder Enquiries to: Peter Hay Non-Executive Chairman Australia: Sandeep Biswas Managing Director and CEO Link Market Services Gerard Bond Finance Director and CFO Tower 4, 727 Collins Street Philip Aiken AM Non-Executive Director Melbourne, Victoria, 3000
Slide 80: Appendix – Mineral Resource Endnotes
Appendix – Mineral Resource Endnotes 1. Cadia East Underground Mineral Resource-JORC Competent Person: Luke Barbetti. Underground block cave operation, Cadia, NSW, Australia. For key assumptions, parameters and methods used to estimate the Mineral Resource refer to Cadia Operations, New South Wales,
Slide 81: Appendix – Ore Reserve Endnotes
Appendix – Ore Reserve Endnotes 21. Cadia East Underground Ore Reserve-JORC Competent Person: Ian Austen. Underground block cave operation, Cadia, NSW, Australia. For key assumptions, parameters and methods used to estimate the Ore Reserves refer to Cadia Operations, New South Wales, Australia, NI 4