Melbourne, Australia–(Newsfile Corp. – August 11, 2021) – Newcrest Mining Restricted (ASX: NCM) (TSX: NCM) (PNGX: NCM) is delighted to announce that it will carry on with the West Dome Phase 5 cutback (the “cutback”) at its Telfer operation in Western Australia. The cutback underpins the continuity of functions at Telfer, with more mine existence extension possibilities to be assessed in the open pit and underground.

Telfer is strategically effectively positioned in the very potential Paterson Province, with its current infrastructure and processing ability giving positive aspects to the close by Havieron Task (operated by Newcrest under a Joint Venture Agreement with Greatland Gold) and Newcrest’s other exploration initiatives in the location.

The Newcrest Board has approved A$246 million (~US$182 million⁽¹⁾) of funding for the cutback and Newcrest has entered into a agreement for the performs to be carried out. The cutback is positioned amongst West Dome Phase 2 and West Dome Stage 4, the two of which will keep on to be mined in conjunction with Stage 5.

Drilling in the location in between the Phase 2 and Stage 5 boundary has also returned favourable results to day, offering additional chances to prolong the daily life of the West Dome. No supplemental permits, licences or regulatory approvals will be expected for the cutback. There is no intention to undertake any additional gold price hedging in relation to this cutback expense.

Newcrest Controlling Director and Chief Executive Officer, Sandeep Biswas, explained “This cutback is an financial investment in Telfer’s potential which will be certain the operation is able to proceed for at minimum the next two yrs⁽²⁾. With more drilling, we believe that there is the prospective for further mine lifetime extensions in the open pit and the underground further than this time. With the exceptional progress we are earning at the nearby Havieron undertaking, our goal is to continue on utilising the Telfer plant without interruption as we search to introduce Havieron and other new likely feed sources in the long run.”

Tale proceeds

Production stripping for the Phase 5 cutback will begin in September 2021, with to start with ore output anticipated to be delivered to the Telfer mill in March 2022⁽²⁾.

Authorised by the Newcrest Disclosure Committee

For additional data make sure you contact

Investor Enquiries
Tom Dixon
+61 3 9522 5570
+61 450 541 389
[email protected]

Ben Lovick
+61 3 9522 5334
+61 407 269 478
[email protected]

North American Trader Enquiries
Ryan Skaleskog
+1 866 396 0242
+61 403 435 222
[email protected]

Media Enquiries
Tom Dixon
+61 3 9522 5570
+61 450 541 389
[email protected] 

This information and facts is offered on our site at www.newcrest.com.

Ahead Hunting Statements

This document features ahead looking statements and forward wanting information and facts inside of the which means of securities regulations of relevant jurisdictions. Ahead seeking statements can generally be determined by the use of terms these as “may possibly”, “will”, “count on”, “intend”, “system”, “estimate”, “foresee”, “feel”, “continue on”, “aims”, “targets”, “outlook” and “guidance”, or other related words and phrases and may perhaps contain, without limitation, statements pertaining to believed reserves and resources, specific strategies, strategies, aspirations and objectives of management, anticipated generation, study or design dates, envisioned charges, hard cash movement or manufacturing outputs and expected productive lives of jobs and mines. Newcrest proceeds to distinguish between outlook and advice. Steerage statements relate to the present-day fiscal calendar year. Outlook statements relate to years subsequent to the latest money yr.

These forward on the lookout statements include regarded and not known threats, uncertainties and other variables that might trigger Newcrest’s precise success, effectiveness and achievements or field benefits to vary materially from any future benefits, effectiveness or achievements, or marketplace benefits, expressed or implied by these forward searching statements. Related components may possibly contain, but are not limited to, improvements in commodity charges, overseas trade fluctuations and general economic problems, amplified fees and demand for generation inputs, the speculative mother nature of exploration and project advancement, including the threats of obtaining needed licences and permits and diminishing quantities or grades of reserves, political and social risks, changes to the regulatory framework in which Newcrest operates or may perhaps in the upcoming function, environmental situations including intense weather conditions disorders, recruitment and retention of staff, industrial relations challenges and litigation. For further more data as to the risks which might impact on Newcrest’s effects and overall performance, please see the possibility variables provided in the Once-a-year Information Form dated 13 October 2020 lodged with ASX and SEDAR.

Forward hunting statements are based mostly on Newcrest’s good religion assumptions as to the fiscal, market, regulatory and other applicable environments that will exist and have an affect on Newcrest’s business enterprise and functions in the upcoming. Newcrest does not give any assurance that the assumptions will confirm to be correct. There may be other factors that could result in genuine effects or gatherings not to be as predicted, and many activities are outside of the reasonable regulate of Newcrest. Visitors are cautioned not to spot undue reliance on forward seeking statements, specially in the current economic local climate with the significant volatility, uncertainty and disruption prompted by the COVID-19 pandemic. Ahead wanting statements in this doc speak only at the day of issue. Apart from as needed by relevant regulations or rules, Newcrest does not undertake any obligation to publicly update or revise any of the ahead on the lookout statements or to advise of any alter in assumptions on which any these kinds of assertion is primarily based.

¹ Converted to USD using the place AUD:USD trade amount of .74
² Subject to sector and running conditions

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