Newcrest Mining — Macquarie Australia Conference 2023
26 slides from Newcrest Mining's conference presentation, May 2023
Slide 1: A unique investment in gold and copper
MACQUARIE AUSTRALIA CONFERENCE A unique investment in gold and copper Sherry Duhe Interim Chief Executive Officer
Slide 2: Disclaimers
Disclaimers 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”, “int
Slide 3: Disclaimers
Disclaimers Technical and scientific information The technical and scientific information contained in this document relating to Cadia, Lihir, Red Chris and Wafi-Golpu was reviewed and approved by Craig Jones, Newcrest’s Interim Chief Operating Officer, FAusIMM and a Qualified Person as defined in N
Slide 4: Newcrest has a unique portfolio of gold and copper assets
Newcrest has a unique portfolio of gold and copper assets Portfolio has strategically repositioned to unlock significant long term value for shareholders Quality portfolio includes high margin 1 gold and copper assets with long reserve lives Brucejack Red Chris1 High-return and established organic 2
Slide 5: Safety and sustainability remain a key focus at Newcrest
Safety and sustainability remain a key focus at Newcrest Newcrest is creating a brighter future for people through safe and responsible mining • Outstanding safety performance at Cadia and Lihir with both sites achieving zero recordable injuries in the March 2023 quarter • Key trials and studies to
Slide 6: Cadia is well positioned to be a world class gold and copper producer
1 Quality portfolio includes high margin assets with long reserve lives Cadia is well positioned to be a world class gold and copper producer for decades to come World class asset with significant endowment Cadia Free Cash Flow (US$m) 5,000 FCF Cumulative FCF • Probable Ore Reserves of 18Moz gold an
Slide 7: Lihir is entering a period of reliable, high grade mining
1 Quality portfolio includes high margin assets with long reserve lives Lihir is entering a period of reliable, high grade mining with significant potential beyond FY318 Pit sequence, value optimisation studies • Phase 14A is expected to deliver high grade ore in Higher FY24-FY269 Drill holes shown
Slide 8: Red Chris is a potential multi-decade gold and copper producer
1 Quality portfolio includes high margin assets with long reserve lives Red Chris is a potential multi-decade gold and copper producer with significant upside opportunity8 Exploration success at East Ridge Exploration Target10 Block Cave Feasibility Study expected to be completed in H2 CY239 • Drill
Slide 9: Brucejack transformation program progressing multiple value opportunities
1 Quality portfolio includes high margin assets with long reserve lives Brucejack transformation program progressing multiple value opportunities as exploration success continues Tier 1 asset in a highly Optimisation opportunities Significant exploration prospective gold province delivering value up
Slide 10: Wafi-Golpu Framework MOU signed
1 Quality portfolio includes high margin assets with long reserve lives Wafi-Golpu Framework MOU signed, marking a key milestone towards project development8 World class copper-gold deposit Wafi-Golpu porphyry system • Wafi-Golpu is a high grade copper-gold development asset Wafi pit • Golpu deposit
Slide 11: Newcrest continues to generate value across its portfolio
1 Quality portfolio includes high margin assets with long reserve lives Newcrest continues to generate value across its portfolio with multiple gold and copper growth options Telfer mine life extensions Havieron optimisation Exposure to Fruta del Norte • Gold prepay credit facility repaid early • Te
Slide 12: High-return and established organic growth pipeline
2 High-return and established organic growth pipeline Newcrest is advancing multiple gold and copper options within its rigorous capital allocation framework8 Exploration Early Studies PFS Feasibility Execution Golden Marmot Ore Sorting Mine Debottlenecking Two-Stage Plant Expansion Red Chris Block
Slide 13: Newcrest has a leading exposure to copper
3 Newcrest has a leading exposure to copper Copper has a compelling growth outlook as a critical metal for a more sustainable future Copper Mineral Resource & Ore Reserve Base Growth: Strong copper production expected in FY23 of Newcrest’s provinces4,14 3,500 Reserve & Resource: Significant copper M
Slide 14: Industry leading innovation capabilities
4 Industry leading innovation capabilities Newcrest is a market leader in block caving technology and selective processing • Cadia, Red Chris and Wafi-Golpu are three of the world’s best copper-gold porphyry deposits • Newcrest took a bold step in implementing block caving on a relatively low-grade
Slide 15: Creating significant value through exploration
5 Creating significant value through exploration Newcrest is advancing multiple exploration projects across all regions Copper-Gold Copper-Gold Higher HigherGrade Gold Grade Gold • Cadia: Multi decade gold-copper mine • Brucejack: High grade gold mine • Red Chris: Future potential Tier 1 • Fruta del
Slide 16: Increased shareholder returns and strong balance sheet
Increased shareholder returns and strong balance sheet Newcrest is in an excellent position to fund its organic growth portfolio while providing strong shareholder returns Returning cash to shareholders (US cps) Leverage ratio (Net Debt / EBITDA) Gearing ratio Target less than 2.0 times (for trailin
Slide 17: Revised non-binding indicative proposal received from Newmont
Revised non-binding indicative proposal received from Newmont Newmont granted exclusivity to conduct confirmatory due diligence March / April 2023 January 2023 • Further engagement resulting in an indicative, non-binding and conditional • Indicative, non-binding and conditional proposal received to
Slide 18: Newcrest is a unique investment in gold and copper
Newcrest is a unique investment in gold and copper Cu Low-cost Outstanding Material Long Strong Financially production organic growth copper reserve life exploration & robust portfolio exposure technical capabilities 18
Slide 19: Appendices
Appendices @ NEWCREST MINING LIMITED
Slide 20: Endnotes
Endnotes 1. Newcrest has a 70% joint venture interest in the Red Chris mine. 2. Newcrest has a 32% equity interest in Lundin Gold Inc, the owner of the Fruta del Norte mine. 3. Newcrest has a 70% interest in the Havieron Project (Greatland Gold 30%). 4. Mineral Resource and Ore Reserve estimates for
Slide 21: Newcrest operating assets and advanced projects
1 Newcrest operating assets and advanced projects Newcrest is in an enviable position with exposure to six Tier 1 orebodies and a growing presence in Tier 1 regions Red Chris (70%) Location: British Columbia, Canada Product: Gold, Copper Brucejack (100%) Location: British Columbia, Canada Product: G
Slide 22: Newcrest operating assets and advanced projects
1,2 Newcrest operating assets and advanced projects Cadia Province (Ownership: 100%) Lihir Province (Ownership: 100%) Telfer Province (Ownership: 100%, Havieron: 70%) FY22 Production 561koz Au, 85kt Cu FY22 Production 687koz Au FY22 Production (Telfer) 408koz Au, 14kt Cu FY22 AISC -$124/oz FY22 AISC
Slide 23: Foreign exchange, operating costs & oil hedges
Foreign exchange, operating costs & oil hedges Foreign exchange1 HY23 Indicative currency exposure on US dollar operating costs Foreign exchange sensitivity Foreign Exchange Estimated HY23 Impacts USD AUD PGK CAD Parameter Movement EBIT impact ($M) Cadia 25% 75% - - AUD:USD +0.01 AUD 0.68 to 0.69 (5
Slide 24: Newcrest: Ore Reserves
Newcrest: Ore Reserves Summary as at 30 June 20221,2,3 Gold Copper Proved Reserves Probable Reserves Proved Reserves Probable Reserves Ore Reserves As at 30 June 2022 Dry Dry Dry Dry Au Grade Insitu Au Au Grade Insitu Au Cu Grade Insitu Cu Cu Grade Insitu Cu Tonnes Tonnes Tonnes Tonnes (g/t) (Moz) (
Slide 25: Newcrest: Measured and Indicated Mineral Resources
Newcrest: Measured and Indicated Mineral Resources Summary as at 30 June 20221,2,3,4 Gold Copper Measured and Indicated Mineral Measured Mineral Resource Indicated Mineral Resource Measured Mineral Resource Indicated Mineral Resource Resources As at 30 June 2022 Dry Dry Dry Dry Au Grade Insitu Au Au
Slide 26: Newcrest: Inferred Mineral Resources
Newcrest: Inferred Mineral Resources Summary as at 30 June 20221,2,3,4 Gold Copper Inferred Mineral Resource Inferred Mineral Resource Inferred Mineral Resources As at 30 June 2022 Dry Tonnes Au Grade Insitu Au Dry Tonnes Cu Grade Insitu Cu (Mt) (g/t) (Moz) (Mt) (%) (Mt) Total Cadia Province5 550 0.
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