Confirms Red Chris potential to become a world class, long life mineEstimated 17% IRR and C$2.3 billion NPV over an initial 31 year mine life1,2,3Projected average 316kozpa gold and 80ktpa copper production
Newcrest Mining Limited PNGX: NCM) is pleased to announce that the Newcrest Board has approved the Cadia PC1-2 Pre-Feasibility Study enabling the commencement of the Feasibility Stage and Early Works Program. The Study updates and defines a significant portion of Cadia's future mine plan, with the development of PC1-2 accounting for ~20% of Cadia's current Ore Reserves. The approved commencement of the Early Works .