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Newcrest Mining Ltd.
Summary
| Project: | Cadia Valley Operations | |
|---|---|---|
| Deposit: | Cadia Valley Operations | |
| Location: | Australia | |
| Commodities: | Gold-Silver-Copper | |
| Date: | 2/13/2020 | |
| Report Code: | JORC | |
| Report Type: | Scoping Study | |
| Project Stage: | Active Mining & Production | |
| Report details: | 13-2-2020: Newcrest Mining Ltd. announces a Scoping Study report for its Cadia Valley Operations deposit at the Cadia Valley Operations project. Annual statement of mineral resources and ore reserves. Newcrest Mining Limited has updated its Mineral Resour | |
| Resources: | ||
| CP/QP: | [Resources]: Luke Barbetti (Internal) | |
| ABSTRACT: | Newcrest Mining Limited has updated its Mineral Resource and Ore Reserve estimates for the twelve month period ending 31 December 2019 and for this purpose, has completed a detailed review of all production sources. The review has taken into account long-term metal prices, foreign exchange and cost assumptions, and mining and metallurgy performance to inform cut-off grades and physical mining parameters. Newcrest announced on 11 March 2019 that it had entered into an agreement with TSX-listed Imperial Metal Corporation to acquire a 70% joint-venture interest in, and operator ship of, the Red Chris mine and surrounding tenements in British Columbia, Canada (Red Chris) (refer to market release “Newcrest to acquire potential Tier 1 orebody in Canada” dated 11 March 2019). Newcrest has completed the joint venture transaction with Imperial Metals Corporation (Imperial) and now owns a 70% interest in the Red Chris operation in British Columbia, Canada (refer to market release “Newcrest completes 70% acquisition of Red Chris” dated 16 August 2019). Red Chris is a copper-gold porphyry with an operating open-pit mine. Imperial Metals has reported estimated Mineral Resources of 20 million ounces of gold and 13 billion pounds of copper12. The acquired property comprises 23,142 hectares of land with 77 mineral tenures, five of which are mining leases and sits within the traditional territory of the Tahltan Nation. | |
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