Newcrest Mining Limited - Quarterly Exploration Report for the Three Months Ended 31 December 2020
Highlights
Havieron Project initial Inferred Mineral Resource estimate - 52Mt @ 2.0g/t Au and 0.31% Cu for 3.4Moz Au and 160Kt Cu
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- by entering into the Juri Joint Venture
Drilling intersected a new zone of higher grade mineralisation at Red Chris - 100m west of the open pit, with hole RC666 returning 194m @ 0.62g/t Au & 0.46% Cu from 476m, including 76m @ 1.2g/t Au and 0.75% Cu from 592m
Commenced exploration drilling - at both the Wilki Project in the Paterson Province, Western Australia and the Jarbidge Project in Nevada, USA
Newcrest Mining Limited - Quarterly Report for the Three Months Ended 31 December 2020
Strong quarterly production, safety and unit cost records, progress on growth
Strong operating performance in the December 2020 quarter
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All-In Sustaining Cost (AISC) of $968/oz
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Safety Transformation Plan delivering results
Record low TRIFR outcomes for Red Chris and Telfer
Overall Group TRIFR of 1.6, an equal record low for a quarter
Growth agenda advanced with significant progress made at the Havieron Project
Initial Inferred Mineral Resource estimate of 3.4Moz of gold and 160kt of copper
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Renewable energy transition progressed with Cadia renewable energy Power Purchase Agreement
Expected to help deliver a ~20% reduction in Newcrest s greenhouse gas emissions from 2024
Newcrest Mining Limited is pleased to announce that the Newcrest Board has approved A$146 million for the construction of the box cut, exploration decline and associated surface infrastructure at the Havieron Project in Western Australia, which it owns in joint venture with Greatland Gold plc . This funding approval follows receipt of the necessary regulatory approvals to commence these construction .
Newcrest Mining Limited: Newcrest Signs New Compensation, Relocation and Benefits Sharing Agreements at Lihir
Melbourne, Australia (Newsfile Corp. - December 22, 2020) - Newcrest Mining Limited s (ASX: NCM) (TSX: NCM) (PNGX: NCM) wholly owned subsidiary Lihir Gold Limited ( LGL ) has completed the signing of new compensation, relocation and benefits sharing agreements with the mining lease area landholders at its Lihir gold mine in New Ireland Province, Papua New Guinea ( PNG ).
The comprehensive review of the previous agreements conducted over several years was sanctioned by the National Governments Mineral Resource Authority and identified a range of key improvements to previous agreements.
The new agreements enhance socio-economic development outcomes for landholders and enable benefits to be distributed directly to their intended beneficiaries. The agreements enable efficient and transparent distribution of compensation and benefits, without a material increase in quantum.