Key points from NCM 2021 FULL YEAR RESULTS - 18 AUG 2021

[DipSard]

Key points from NCM 2021 FULL YEAR RESULTS - 18 AUG 2021

https://edge.media-server.com/mmc/p/hei6y8od
https://www.newcrest.com/investor-centr ... pe=results

• OVERALL
o Big focus on NCM being in a ‘Growth Phase’ throughout, also reflected by General Exploration Manager Fraser’s presentation at Diggers and Dealers this year
o Copper exposure and plans to increase exposure highlighted

• Long Term goals in sustainability at Hav/Telfer - 10 mins in
o Solar Power, Low Carbon electrification of equipment amongst some other new tech

• Growth Potential - 20 mins
o SE Crescent deeps - discovered higher grade zone with some of highest grades seen so far highlighting potential to add higher grade ounces to resource
o N Breccia & NW Crescent - Higher grade intercepts found
o Determining if N.Breccia and SE Crescent Deeps sit in same mineralised corridor which could represent a bulk target

• Q&A - Content of Hav Scoping Study question from an analyst - 47 mins in
o Summary of Sandeep’s response
- Hav is well and truly on fast track
- Literally do not know the size of Hav yet
- Study focusing on how to mine existing resource
- As drilling continues to define the different configurations outside existing resource in play then likely different mining techniques required
- Crescent zone is where initial resource is and more selective mining methods will be used
- Recent drill holes released show that Crescent zone may go deeper outside the resources, which is advantageous as all capital outlay made now will be applied across a bigger resource
- Other areas yet to be fully explored show different shapes and growth profiles and if proved to be contiguous may be suitable for bulk mining methods
- Focus is to get High Grade tonnes from Crescent Zone into Telfer ASAP while working on what the entire deposit looks like
- Get the cash flowing as soon as you can
- How long can we keep Telfer going until Hav gets going, how long is the overlap period, focus on avoiding a hiatus between the two phases.