Newcrest Mining — Investor Presentation (November 2019)
78 slides from Newcrest Mining's investor presentation, Nov 18, 2019
Slide 1: Cadia
Cadia New South Wales, Australia 18 November 2019 0
Slide 2: Disclaimer
Disclaimer Forward Looking Statements This presentation includes forward looking statements. Forward looking statements can generally be identified by the use of words such as “may”, “will”, “expect”, “intend”, “plan”, “estimate”, “anticipate”, “continue”, “outlook” and “guidance”, or other similar
Slide 3: Agenda
Agenda Group 1 Group 2 9:00am - 9:50am Induction and Introduction 9:00am - 9:50am Induction and Introduction 9:50am - 1:30pm Underground Tour 9:50am - 12:00pm Ore Processing Tour PC2 extraction level Mills, flotation and hydrofloat Underground fleet workshop Site Asset Operations Centre PC1 crusher
Slide 4: Vision for Cadia
Vision for Cadia Building Cadia for a 50 Year Future 3
Slide 5: Cadia – Leadership Team
Cadia – Leadership Team General Manager Peter Sharpe H&S Environment Mining Mobile Development Ore Processing Engineering & & Social Operations Maintenance Manager Manager Projects Responsibility Manager Manager Fixed Plant Human Business Technical Commercial Maintenance Resources Improvement Planni
Slide 6: 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 60 Solid bars = ore reserve Transparent bars = mineral resource 50 40 moz 30 20 10 ‐ 1 Based on producing assets held by Barrick, Newmont and Newcrest with an attributable reserve >4moz (w
Slide 7: Cadia Stands Out – Lowest cost large scale gold operations
Cadia Stands Out – Lowest cost large scale gold operations FY19 AISC/oz for lowest cost gold operations1 ($/oz) 571 580 558 442 339 132 Cadia Fosterville Olimpiada Kumtor Blagodatnoye Cortez 1 Data points represent the operations with the lowest AISC/oz for the 12 months ended 30 June 2019 with gold
Slide 8: Cadia location
Cadia location @ NATION HIGHWAY (8) NATIONAL ROUTE © STATE HIGHWAY = FREEWAY == HIGHWAY == ARTERIAL ROAD XN OMELBOURNE i,
Slide 9: Cadia – Health, Safety & Environment
Cadia – Health, Safety & Environment Key activities TRIFR1,2 • NewSafe NextGen training delivered to all 12 employees to enhance safety culture – 9 coaches used to embed program • Mature critical control management 6 program (more than 200% of the targeted 3 number of checks in FY19) • Increased pro
Slide 10: Key Insights: organisation health score
Cadia achieved our best result yet, with an overall organisation health (OH) score of 78. This is a 5-point improvement on our 2018 score, placing us once again in the top quartile of OH results, based upon global benchmarking. What actions did we commit to? What outcomes did we deliver? Forging a S
Slide 11: Sustainable mines
Sustainable mines Cadia Water Saving Initiatives • Net water reuse has increased from ~65-70% to ~85%. • Water saving efficiency measures: • Improving the level of water recycle from the tailings thickeners in the process plant • High water return from the Cadia Hill open pit tailings storage facili
Slide 12: Sustainable mines
Sustainable mines Potential new water sources identified • Cadia does not source water directly from sources that also supply regional centres • New water sources identified • Cadia Extension Pit – 750ML – full extraction expected by April 2020 • NTSF/STSF Bore fields – potential for 1,300ML per yea
Slide 13: Sustainable mines
Sustainable mines Cadia Energy Energy represents ~20% of Cadia’s operating costs New energy contract announced in December 2017 • Fixed price contract to the end of FY23 Investigating renewable energy solutions for Cadia • Options considering both “inside and outside the fence” • Investigations incl
Slide 14: Sustainable mines
Sustainable mines Potential Cadia Solar Project • Single-axis tracking system. • PV Panels: approx. 400 W Panels. • Registered output power: approx. 20-25 MW. • 33 kV electricity transmission line to CVO including crossing of Cadiangullong Creek. • DC to AC Inverters. Example of Trina PV Modules on
Slide 15: Cadia - Community Relations
Cadia - Community Relations Open Day - Around 2,000 community members had the opportunity to experience life at an underground mine at Cadia’s Community Open Day in April 2019. A$12,500 was raised for CanAssist Blayney, a local charity dedicated to supporting local people affected by cancer. Tours –
Slide 16: Cadia District Enhancement Project
Cadia District Enhancement Project The vision of the Cadia District Enhancement Project (CDEP) is to work together as a community to create environmental and community benefits for the Cadia district which will make it a more desirable place to live and work and enhance the value of the area as an a
Slide 17: Cadia - Community Partnerships
Cadia - Community Partnerships Summary of FY19 Donations (A$) Major Donations A$50,000 – Clontarf Foundation supporting local Indigenous boys A$35,000 – Western NSW Local Health District PITCHit event A$30,000 – Orange Local Aboriginal Land Council’s Designing Futures program A$27,500 – Orange360 Vi
Slide 18: Cadia History
Cadia History 1992 Cadia Hill gold-copper porphyry deposit discovered by Newcrest 1994 Cadia East discovered 1996 Ridgeway discovered and Cadia East deep mineralisation discovered 1998 Open pit mining commenced at Cadia Hill 1998 Cadia Concentrator 1 commissioned 2002 Underground mining commenced at
Slide 19: Cadia – Reduced costs & increased cash flow
Cadia Cadia – Reduced costs & increased cash flow Site Process Key Statistics 1 Element Description Gold Reserve Life: ~25 years Mining Panel Cave mining from Cadia Gold Ore Reserves: 22moz East (Panel Cave 1 and 2), Gold Mineral Resources: 38moz with underground crushing and Copper Ore Reserves: 4.
Slide 20: Cadia - Site overview
Cadia - Site overview Commercial, Cadia Hill administration & open pit storage processing facility Waste rock Cadia East dumps subsidence Location of embankment Water storage slump Southern Northern Tailings Storage Tailings Storage Facility Facility 19
Slide 21: Cadia – Process plant
Cadia – Process plant Ridgeway Concentrator 2 conveyor Concentrator 1 Coarse ore stockpile Mobile maintenance Administration Cadia East conveyor 20
Slide 22: Cadia - process flow
Cadia - process flow Crushing & Grinding Flotation Rougher / Coarse Ore Secondary Cleaner Tailings Ball Mills Scavenger (HydroFloat) Crushers Circuit Thickener Flotation Cells Flotation T3 Flash Regrind Concentrator 1 Float / Mill HPGR Gravity Circuit T1/T2 Regrind COS Mill 20MW SAG Mill Gold Doré C
Slide 23: Stage 1 of Cadia Expansion Project Approved
Stage 1 of Cadia Expansion Project Approved1,2 Stage 1 (in Execution) Stage 2 (in Feasibility Study) • Estimated capital cost - $685m • Estimated capital cost - $180m •PC2-3 mine development • further plant expansion to 35mtpa •materials handling system upgrades • recovery improvements •associated i
Slide 24: Cadia Expansion Stage FS Findings
Cadia Expansion Stage 1 FS Findings1,2 Cadia - uniquely long life Expected results from implementation of Stage 1 and Stage 2 PC2-3 Capital (stage 1): $ 595m IRR: 21.5% Expansion to 33mtpa (stage 1): $ 90m Payback (years): 7.6 Expansion to 35mtpa (stage 2): $ 180m NPV: $1,170m Total Project Capital:
Slide 25: Estimated Cadia Gold Equivalent production
Estimated Cadia Gold Equivalent production1,2,3 40 1500 35 Gold Equivalent production (koz) 1250 30 Ore Milled (mt) 1000 25 20 750 15 500 10 250 5 0 0 Ore milled Ore milled (actual) Au eq Au eq (actual) 1 Stage 1 of the Cadia Expansion Feasibility Study has been prepared with the objective that its
Slide 26: Cadia's indicative cave production schedule
Cadia’s indicative cave production schedule1,2,3 Start First Panel Cave Ore (mt) Construction production PC2-3 (approved to execution) FY19 FY23 142 PC1-2 FY22 FY25 408 PC3-1 FY33 FY36 149 PC2-4 FY42 FY44 113 PC5001 FY44 FY47 96 PC1-4 FY48 FY50 175 PC2-5 FY51 FY54 35 1 Stage 1 of the Cadia Expansion
Slide 27: Cadia Expansion Project - Indicative mine plan
Cadia Expansion Project - Indicative mine plan1,2,3,4 Timing (Years) Total material movement (mt) Plant Feed (mt) Average Gold grade (g/t) Average Copper grade (%) FY20 - 22 ~92 ~87 1.0 0.4 FY23 - 25 ~99 ~99 0.5 0.3 FY26 - 28 ~101 ~101 0.4 0.4 FY29 - 31 ~102 ~102 0.4 0.3 FY32 - 34 ~102 ~102 0.4 0.3
Slide 28: Cadia – Indicative Cave Footprint
Cadia – Indicative Cave Footprint1,2 1 Stage 1 of the Cadia Expansion Feasibility Study has been prepared with the objective that its findings are subject to an accuracy range of ±15%. Stage 2 has been completed to a Pre-Feasibility Study level with its findings at an accuracy range of ±25%. The fin
Slide 29: Cadia Life of Mine recovery improvement
Cadia Life of Mine recovery improvement1,2 Expected LOM gold recovery rates of around 80% and copper recovery rates of around 85% Stage 2 Feasibility Study – Estimated capital of $180m The Study will investigate: Concentrator 1 • additional coarse ore flotation capacity Concentrator 2 • replacing se
Slide 30: Stage 1 Expansion to 33mtpa
Stage 1 Expansion to 33mtpa1,2 Crushing & Grinding Flotation Rougher / Coarse Ore Secondary Cleaner Tailings Ball Mills Scavenger (HydroFloat) Crushers Circuit Thickener Flotation Cells Flotation T3 Flash Regrind Concentrator 1 Float / Mill HPGR Gravity Circuit T1/T2 Regrind COS 3rd Secondary Mill C
Slide 31: Stage 2 Proposed expansion to 35mtpa
Stage 2 Proposed expansion to 35mtpa1,2 Crushing & Grinding Flotation Rougher / Coarse Ore Secondary Cleaner Tailings Ball Mills Scavenger (HydroFloat) Crushers Circuit Thickener Flotation Cells Flotation T3 Flash Regrind Concentrator 1 Float / Mill HPGR Gravity Circuit T1/T2 Additional Coarse Ore F
Slide 32: Cadia – SAG mill motor replacement
Cadia – SAG mill motor replacement Concentrator 1 SAG mill motor is expected to be replaced in H2 FY21. • Replacement to increase power from 20MW to 22MW • Expected to increase throughput by approximately 1mtpa • Spare motor already available at site • Surface stockpile expected to be generated duri
Slide 33: Selective Processing
Selective Processing 1 Coarse Ore Flotation • Coarse Ore Flotation is an aerated fluidized-bed separator that has demonstrated increased recovery of coarse particles compared to conventional flotation technology • The Coarse Ore Flotation circuit treats the full flotation tailings stream from Train
Slide 34: Cadia – Edge performance improvement
Cadia – Edge performance improvement Initiative implemented Initiative implemented Initiative Initiative • Designed and built Bucket Rolling Machine for • Addressing the wear management and maintenance maintenance on UG Loader Buckets. frequency of the HPGR Bath Tub Chute. Activity Activity • The bu
Slide 35: Cadia – FY19 Operating Data
Cadia – FY19 Operating Data Production – 12 months to 30 June 2019 AISC – 12 months to 30 June 2019 Units Cadia Units Cadia Tonnes Mined kt 28,779 Gold Produced oz 912,777 Tonnes Milled kt 29,302 Mining $/oz prod. 143 Milling $/oz prod. 233 Head Grade – Gold g/t 1.24 Administration and other $/oz pr
Slide 36: NextGen HydroMet Molybdenum Plant Update
NextGen HydroMet Molybdenum Plant Update Feasibility Study completed: • Design of a molybdenum separation plant expected to generate ~6,500tpa of 52% molybdenum concentrate with a 92% recovery • Shipping and logistics parameters confirmed • Full load Commissioning expected to be completed – FY221 1,
Slide 37: Technology & Innovation Development at Cadia
Technology & Innovation Development at Cadia Lower capital, higher productivity caving, low energy intensity, tailings Breakthrough challenges: • Step change reduction in cave establishment costs • Low cost increase in mining capacity • Reduce energy intensity • Sustainable, low cost tailings dispos
Slide 38: NextGen Caving: PC2 broken through to surface
NextGen Caving PC2 broken through to surface mid 2017 early 2018 mid 2018 late 2018 Oct, 2019 Comminution Zone – Rock actively flowing and breaking up Dilating Zone – Rock mass broken and dilating, but not yet flowing Yielding Zone – Major structures/faults moving; rock mass between not yet broken u
Slide 39: Cadia Exploration Update
Cadia Exploration Update Targeting new high grade Au Cu deposits and extensions to the existing Cadia porphyry system Systematic exploration applying in excess of 25 years of in house Cadia Valley knowledge to direct drill targeting in the deeper environment within the Cadia tenure, broader province
Slide 40: Mineral Resources and Ore Reserves – Gold Mineral Resources
Newcrest’s Mineral Resources and Ore Reserves 31 December 2018 Gold Mineral Resources1 1 As per Newcrest Annual Statement of Mineral Resources and Ore Reserves as at 31 December 2018. 39
Slide 41: Mineral Resources and Ore Reserves – Copper Mineral Resources
Newcrest’s Mineral Resources and Ore Reserves 31 December 2018 Copper Mineral Resources1 1 As per Newcrest Annual Statement of Mineral Resources and Ore Reserves as at 31 December 2018. 40
Slide 42: Mineral Resources and Ore Reserves – Gold Ore Reserves
Newcrest’s Mineral Resources and Ore Reserves 31 December 2018 Gold Ore Reserves1 1 As per Newcrest Annual Statement of Mineral Resources and Ore Reserves as at 31 December 2018. 41
Slide 43: Mineral Resources and Ore Reserves – Copper Ore Reserves
Newcrest’s Mineral Resources and Ore Reserves 31 December 2018 Copper Ore Reserves1 1 As per Newcrest Annual Statement of Mineral Resources and Ore Reserves as at 31 December 2018. 42
Slide 44: Newcrest Mining Limited
NEWCREST MINING LIMITED Board Forward Shareholder Enquiries to Peter Hay Non-Executive Chairman Link Market Services Sandeep Biswas Managing Director and CEO Tower 4, 727 Collins Street Gerard Bond Finance Director and CFO Melbourne, Victoria, 3000 Philip Aiken AM Non-Executive Director Australia Ro
Slide 45: Lihir
Lihir Niolam Island, New Ireland Province, Papua New Guinea 20 November 2019 0
Slide 46: Disclaimer
Disclaimer Forward Looking Statements This presentation includes forward looking statements. Forward looking statements can generally be identified by the use of words such as “may”, “will”, “expect”, “intend”, “plan”, “estimate”, “anticipate”, “continue”, “outlook” and “guidance”, or other similar
Slide 47: Agenda
Agenda Group 1 Group 2 7:00am - 8:00am Induction and Introduction 7:00am - 8:00am Induction and Introduction 8:00am - 11:15pm Open Pit 8:30am - 11:15pm Processing Plant 11:15pm - 12:15pm Lunch 11:15pm - 12:15pm Lunch 12:15pm - 4:30pm Processing Plant 12:15pm - 1:15pm Processing Plant (continued) 1:1
Slide 48: Lihir – Leadership Team
Lihir – Leadership Team General Manager Chris Jordaan Head of Head of Manager Business Manager HR Manager HSES Operations Commercial Support Manager Mining Manager P&E and Mobile and P&U Maintenance Manager Manager Asset Process Management 3
Slide 49: 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 60 Solid bars = ore reserve Transparent bars = mineral resource 50 40 moz 30 20 10 ‐ 1 Based on producing assets held by Barrick, Newmont and Newcrest with an attributable reserve >4moz (w
Slide 50: Lihir Map
Lihir Map Malie Is Airport Mine Village Huniho Volcano Kapit Plant Site Lienetz Minifie Luise Volcano Kinami Volcano 5 km Lihir (Niolam) Is LIHIR, PAPUA NEW GUINEA Lihir Group of Islands 5
Slide 51: Lihir – Health, Safety & Environment
Lihir – Health, Safety & Environment Key activities TRIFR1 2 • NewSafe NextGen training delivered to all Level 2 employees in FY19 and on track to 1.5 train all employees during FY20 • Critical control management embedded at 1 manager and supervisor level (more than 120,000 checks in FY19) 0.5 • Mat
Slide 52: Lihir achieved its best organisation health score
Lihir achieved its best result yet, with an overall organisation health (OH) score of 72. This is a 2-point improvement on our 2018 score, placing us in the second quartile of OH results, based upon global benchmarking. What actions did we commit to? What outcomes did we deliver? • Bi-weekly Extende
Slide 53: Working with our community
Working with our community Newcrest contributes to PNG’s development across the country. Newcrest’s reported $37m in Lihir community expenditure1 for FY19. Under our National Engagement Strategy, we partner with reputable organisations to support PNG’s national development aspirations, providing fun
Slide 54: Lihir – Community relations
Lihir – Community relations What we are doing differently Key Achievements • COO Craig Jones and GM Chris Jordaan • No community disruption since June 2015 engaging directly with community and local- • Ongoing community trust level government leaders. • Better collaboration with local-level governme
Slide 55: Lihir Agreements Review Update
Lihir Agreements Review Update Status Next Steps • The revised MOA is with PNG’s National Executive • Continue to liaise with Mineral Resources Council for endorsement Authority for updates on the status of MOA • Compensation, Relocation and Development • Suite of Agreements to be signed once Agreem
Slide 56: Lihir History
Lihir History 1982 Mineralisation was first discovered by joint venture between Kennecott Exploration and Niugini Mining Limited 1995 Lihir Gold Limited was established (Rio Tinto Limited and Niugini Mining Limited Joint Venture) and a Special Mining Lease was granted 1997 Lihir processing plant com
Slide 57: Lihir – Strong cash flow generation
Lihir Lihir – Strong cash flow generation Site Process Key Statistics 1 Element Description Gold Reserve Life: ~25 years Gold Ore Reserves: 24moz Mining Open pit drill, blast, load and haul mining, currently in Gold Mineral Resources: 50moz Phase 9 of Minifie Pit and Phases 14 & 15 in Lienitz. FY20
Slide 58: Lihir – Process plant
Lihir – Process plant Coarse ore Pre-ox CCD NCA #1 stockpile tanks FGO mills NCA #2 Flotation & Main gate grind thickener HGO mills Lime & cyanide Oxygen plants Warehousing Main admin building Wharf Seawater intake & Diesel power Autoclave Tank farm Maintenance tailings outfall station buildings 13
Slide 59: Lihir - Mine area
Lihir - Mine area Dyno Minifie pit area Shovel pad explosives Lienetz pit area magazine Primary Kapit flat crushers stockpile Mine offices Near shore cut- off wall (proposed) Geothermal plant Mobile fleet Future Kapit workshop mine area Interim power Harbour waste station platform Wharf #1 & #2 Inne
Slide 60: Lihir – Process flow sheet
Lihir – Process flow sheet Ore sources Crushing Grinding 15 MTPA 15 MTPA Waste Flotation Expit FGO Float tails Gyratory leach stage 2 Coarse Ore Tails Abon Stockpile leach pipeline HGO1 8 MTPA Jaw 1 Stockpiles 11 MTPA HGO2 Leaching Jaw 2 Pressure Oxidation Float / autoclave bypass 15
Slide 61: Lihir's increased throughput lowers AISC per oz
Lihir’s increased throughput lowers AISC per oz 12mtpa 13mtpa 14mtpa 15mtpa By December 2015 By December 2016 By December 2017 By end June 2019 Achieved with 12.4mtpa Achieved with 13mtpa in × Achieved with 15mtpa Achieved with 16mtpa in in December 2015 December 2016 quarter in March 2018 qua
Slide 62: NextGen HydroMet: partial oxidation strategy
NextGen HydroMet partial oxidation strategy – delivering results Actively manage autoclave throughput based on sulphur content of feed to maximise gold production Microcrystalline Crystalline (blocky) pyrite1 – appears pyrite1 – appears less more reactive and reactive and generally has higher genera
Slide 63: Lihir - Indicative mine plan
1,2,3,4,5 Lihir - Indicative mine plan Timing Total Material Tonnes to Ex-pit Tonnes Stockpile Tonnes Average Feed Sources Waste (Mt) Plant Feed (Mt)4 (Years) Moved (Mt)3 Stockpiles (Mt) Fed (Mt) Fed (Mt) Grade g/t Minifie & Lienetz, medium grade FY20-24 350-360 145-155 50-55 20-25 50-55 70-80 ~2.6
Slide 64: Lihir – FY19 Operating Data
Lihir – FY19 Operating Data Production – 12 months to 30 June 2019 AISC – 12 months to 30 June 2019 Units Lihir Units Lihir Total Material Moved kt 53,847 Gold Produced oz 932,784 Tonnes Milled kt 13,350 Mining $/oz prod. 192 Milling $/oz prod. 398 Head Grade – Gold g/t 2.86 Administration and other
Slide 65: Biannual Shut Strategy being formulated
Biannual Shut Strategy being formulated Vision “To develop, implement and sustain an optimal comprehensive shutdown strategy that maximises plant uptime and provides operational stability at the lowest cost without negatively impacting on workplace safety or asset integrity.” Current Shutdown Delive
Slide 66: Lihir - Pursuing improvement in recovery
Lihir - Pursuing improvement in recovery Potential Target Initiative 1 Description Recovery Capital 4 Timing 5 Uplift 2 & 3 Recover high grade fast floating material to reduce Flash Flotation & Cyclone fines losses through flash flotation. Debottleneck and 1.5% to 2.5% $$ FY21 Efficiency upgrade exi
Slide 67: Lihir recovery improvement options
Lihir recovery improvement options • Increase float fines recovery by • Increase utilisation of installed float tails leach (FTL) facility by addressing backend capacity constraints • Autoclave improvements reduced available space in Counter Current Decantation (CCD) unit for FTL • Adding low cost C
Slide 68: Lihir Seepage Barrier Feasibility Study
Lihir Seepage Barrier Feasibility Study New Seepage Barrier Alignment Feasibility Study Status • Ground investigation completed in FY19 • Current alignment utilises Harbour Waste Platform and provides opportunity to access additional gold ounces • Cut off wall construction using clam shell and hydro
Slide 69: Lihir Seepage Barrier Feasibility Study
Lihir Seepage Barrier Feasibility Study Initial construction (FY21-23) • Dredge landslide and marine sediments from Inner Harbour • Infill entrance to Inner Harbour • Construct Cut off Wall through Harbour Waste Platform (HWP) Second stage construction (FY24-25) • Dewater Inner Harbour and stabilise
Slide 70: Pit cooling - Key activities and achievements
Pit cooling - Key activities and achievements Pre-Feasibility Study ongoing • Cooling the Hot Ground with cold water injection (CWI): • Drilling of 6 long directional wells completed • Water treatment plant completed and 7 months of CWI successfully trialled and demonstrating cooling • Enhancing Dep
Slide 71: 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 • Ongoing m
Slide 72: 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 EMMP confirms DSTP remains the m
Slide 73: Technology & Innovation Development at Lihir
Technology & Innovation Development at Lihir Remote mining, lower energy intensity, step change refractory processes Breakthrough challenge: • Reduce all-in Kapit hot mining costs • Step reduce energy intensity of refractory processing • Convert large mineral endowments to higher margin production l
Slide 74: Lihir – Edge performance improvement
Lihir – Edge performance improvement Initiative implemented Current initiative in progress Initiative Initiative • PH14 Final Wall design compliance • Float Tails Leach cyclone overflow direct to the Achieved Neutralisation Cyanidation Adsorption circuit (NCA) • Safer final pit walls that could be s
Slide 75: Lihir Exploration
Lihir Exploration Systematic regional exploration of six previously identified early stage targets Work programs currently active to assess these early stage targets include soil sampling, mapping and geological interpretation aimed at defining regional drill targets outside of the mine area. 30
Slide 76: Mineral Resources and Ore Reserves – Gold Mineral Resources
Newcrest’s Mineral Resources and Ore Reserves 31 December 2018 Gold Mineral Resources1 1 As per Newcrest Annual Statement of Mineral Resources and Ore Reserves as at 31 December 2018. 31
Slide 77: Mineral Resources and Ore Reserves – Gold Ore Reserves
Newcrest’s Mineral Resources and Ore Reserves 31 December 2018 Gold Ore Reserves1 1 As per Newcrest Annual Statement of Mineral Resources and Ore Reserves as at 31 December 2018. 32
Slide 78: Newcrest Mining Limited
NEWCREST MINING LIMITED Board Forward Shareholder Enquiries to Peter Hay Non-Executive Chairman Link Market Services Sandeep Biswas Managing Director and CEO Tower 4, 727 Collins Street Gerard Bond Finance Director and CFO Melbourne, Victoria, 3000 Philip Aiken AM Non-Executive Director Australia Ro
Newcrest Mining — Investor Presentation (November 2019) on 6ix