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Newcrest Mining Ltd.
Summary
| Project: | Wafi-Golpu | |
|---|---|---|
| Deposit: | Golpu | |
| Location: | Papua New Guinea | |
| Commodities: | Gold-Copper | |
| Date: | 3/19/2018 | |
| Report Code: | JORC | |
| Report Type: | Feasibility Study | |
| Project Stage: | Pursuing Environmental Approval | |
| Report details: | 19-3-2018: Newcrest Mining Ltd. announces a Feasibility Study report for its Golpu deposit at the Wafi-Golpu project. Updated Feasibility study results incl. after-tax NPV of US$2604M, IRR of 18.2% and 28yr LOM. Newcrest Mining Limited (Newcrest) has toda | |
| Resources: | (Reserve, Prob.): 200Mt @ 0.86g/t Au, 1.2% Cu for 5.5Moz Au, 2.5Mt Cu contained | |
| CP/QP: | [Overall Report]: Pasqualino Manca (Internal) | |
| ABSTRACT: | Newcrest Mining Limited (Newcrest) has today released an updated Wafi-Golpu Feasibility Study prepared by the Wafi-Golpu Joint Venture (WGJV) project team. This study incorporates the findings from the earlier Pre-Feasibility and Feasibility Studies announced in February 2016, interpretation of the additional orebody data derived from further drilling and geotechnical studies, together with further work undertaken on mine design, hydrology, tailings and port and power options. The updated Study draws on extensive data collection undertaken since 2016, providing a deeper understanding of the project’s geotechnical, oceanographic, environmental and social parameters. Newcrest Managing Director and Chief Executive Officer Sandeep Biswas said “The improved business case set out in the updated Feasibility Study clearly demonstrates the world-class nature of this multi-decade project. At Newcrest we are excited to have this tier 1 asset in our portfolio with an IRR of 18%, first quartile production costs and decades of operating life. We have a clear pathway forward for the project and together with our Joint Venture partner, we are committed to working with the Government and people of PNG to progress this worldclass asset.” | |
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