Newcrest Mining — Macquarie Australia Conference 2021
17 slides from Newcrest Mining's conference presentation, May 2021
Slide 1: Progressing growth from a position of strength
MACQUARIE AUSTRALIA CONFERENCE Progressing growth from a position of strength Gerard Bond Finance Director and Chief Financial Officer
Slide 2: Disclaimer: Forward Looking Statements
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: Competent Person's Statement
Disclaimer Competent Person’s Statement The information in this document that relates to Mineral Resources or Ore Reserves (other than for Red Chris) has been extracted from the release titled “Annual Mineral Resources and Ore Reserves Statement – 31 December 2020” dated 11 February 2021 (the origin
Slide 4: Newcrest Mining Limited
Newcrest _ Mining Limited
Slide 5: March 2021 Quarter Highlights
Lower costs delivering attractive margins March 2021 – Gold production of 512koz1 & copper production of 35kt Quarter All-In Sustaining Cost (AISC) of $891/oz1 – 7% lower than the prior period Highlights AISC margin of 49% or $854/oz2 Cadia records lowest ever reported quarterly AISC at nega
Slide 6: Cadia expansion on track
Cadia expansion on track1 • Stage 2 approved to Execution in Oct-20 with an estimated capital cost of $175 million2 • Stage 2 is expected to increase plant capacity from 33mtpa to 35mtpa and increase LOM recovery rates • Completion of Stage 2 expected in late FY22 • Mill currently operating at an an
Slide 7: Cadia Moly plant on track
Cadia Moly plant on track1 • Commissioning commenced in Mar-21 • First commercial production expected in Sep-21 quarter • Additional revenue stream for Cadia • Estimated ~$50/oz reduction in Cadia’s AISC2 • Capital cost of ~$95 million 1. Subject to market and operating conditions and potential dela
Slide 8: Potential for significant value uplift at Lihir
Lienitz Pit Phase 14A Cutback Opportunity Potential for significant value uplift at Lihir1 • Phase 14A cutback opportunity identified, potential for additional ~400-600koz2 of contained gold in FY23-25 • Initial study identified 20Mt @ 2.4g/t Au of Indicated Mineral Resource (incl. 13Mt at 3g/t Au)
Slide 9: Significant progress at Havieron
Significant progress at Havieron1 Australia • Box cut excavation ~90% complete • Shotcreting of Portal Face has commenced, with ground support completed • Batch Plant fully commissioned • Surface earthworks ~85% complete • Pre-Feasibility Study to estimate mine size, mining method, timing and cost e
Slide 10: Additional growth potential at Havieron
Additional growth potential at Havieron • Initial Inferred Mineral Resource estimate of 3.4Moz Au and 160Kt Cu1 • Completion of infill drilling increases confidence in the continuity of high grade mineralisation • Growth drilling program focused on potential resource expansion 1. The initial Inferre
Slide 11: Red Chris box cut progressing to plan
Red Chris box cut progressing to plan • Regulatory approval received to commence decline • Board approved C$135 million (on a 100% basis) of funding to commence the decline • Box cut excavation over 50% complete, with lower bench in progress1 • Block Cave Pre-Feasibility . Study & Ore Reserve estima
Slide 12: Red Chris Mineral Resource estimate
Red Chris Mineral Resource estimate • Optimised Mineral Resource estimate focused on the development of a larger underground mine and higher value, smaller open pit • Measured and Indicated Mineral Resource estimate of 13Moz of gold & 3.7Mt of copper1 • Inferred Mineral Resource estimate of 1.9Moz A
Slide 13: New zone of higher grade mineralisation discovered at Red Chris
New zone of higher grade mineralisation discovered at Red Chris • East Ridge is located outside of Newcrest’s Mineral Resource estimate, with drill results to date supporting potential resource growth • ~50,000m of growth drilling expected across remainder of CY21 The Red Chris drill results in this
Slide 14: Strong balance sheet & debt structure ideal for growth phase
Low level of net debt ($m) Strong balance sheet & debt 3,707 structure ideal 2,889 for growth phase 2,107 1,499 Acquired Red Chris & FdN financing facilities for total • Just completed early 1,040 of $1.2bn in FY20 repayment of the remaining 395 624 330 2022 Corporate Bonds using available cash Jun-
Slide 15: Delivering on our profitable growth
Delivering on Dec 2020 Feb 2021 Mar 2021 Q1 FY22 Q1 FY22 1H FY22 Q1 FY23 our profitable Initial Pit Initial Commence Block Cave PC1-2 35mtpa growth inferred resource optimisation study Newcrest resource decline construction PFS PFS process capacity targets1 Feb 2021 Q4 FY21 Q1 FY22 Q1 FY22 2H CY21 I
Slide 16: Forging an even stronger Newcrest
Forging an even stronger Newcrest Our Purpose Our Vision Our Edge Creating a brighter future for To be the Miner of Choice: Collaboration, innovation people through safe and • Valued by our people and communities and an owner’s mindset responsible mining • Respected by our partners, customers, suppl
Slide 17: Find out more: www.newcrest.com
Find out more: www.newcrest.com Engage with us +61 3 9522 5570 +1 (866) 396 0242
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