Quarterly Report Newcrest Mining Limited For the three months ending 31 March 2012 (These figures are unaudited)

Transcription

1 Quarterly Report Newcrest Mining Limited For the three months ending 31 March 2012 (These figures are unaudited) Overview Production for the March 2012 quarter was 532,237 ounces of gold and 18,072 tonnes of copper. Cash costs were $609 per ounce and cash margins remained robust at $978 per ounce. Newcrest s major project expansions at Cadia Valley and Lihir remain on schedule for first commercial production, and on budget. Exploration proceeded to plan during the quarter with 48 drill rigs operating. Record quarterly production was achieved at Gosowong, whilst production at Telfer and Bonikro was in line with the prior quarter. Production at Lihir, Cadia Valley and Hidden Valley was below that of the prior quarter. As previously announced Lihir has experienced plant reliability issues which are in the process of being rectified; production in the quarter was also adversely impacted by heavy rainfall. High rainfall also adversely impacted production at Cadia Valley and Hidden Valley in the quarter. Exploration activities during the quarter confirmed the presence of a new zone of high grade mineralisation at Lihir and demonstrated the continuity of high grade mineralisation at Golpu. At Telfer, drilling has highlighted the potential for delivery of new underground and open pit resources. The search for new greenfield discoveries was marked by the commencement of drilling within the highly prospective Wafi Transfer Zone and within the Côte d Ivoire regional tenement package. Guidance Please refer to separate announcement made today. Key Points Quarterly gold production 532,237oz (579,073oz in the December 2011 quarter) Quarterly copper production 18,072t (18,171t) Quarterly cash cost A$609/oz (A$606/oz) Gross cash margin A$978/oz (A$1,042/oz) Major growth projects Cadia East and Lihir MOPU remain on schedule for first commercial production and on budget Cadia East 75% complete; Lihir MOPU 82% complete New zone of high grade mineralisation confirmed at Lihir Continuity of high grade mineralisation confirmed at Golpu Drilling commenced of the Wafi Transfer Zone Toronto Stock Exchange secondary listing completed 1

2 Production Highlights Production Highlights March 2012 Quarter December 2011 Quarter March 2011 Quarter Group production - gold oz 532, , ,791 - copper t 18,072 18,171 20,098 - silver oz 365, , ,846 Cadia Valley production (1) - gold oz 86, , ,513 - copper t 10,123 10,731 12,032 Telfer production - gold oz 135, , ,325 - copper t 7,949 7,440 8,066 Lihir production - gold oz 149, , ,760 Gosowong production - gold oz 118, , ,045 Hidden Valley production (50%) - gold oz 15,757 26,234 25,523 Bonikro production - gold oz 25,545 23,771 3,970 Mt Rawdon production (2) - gold oz 0 5,647 22,164 Cracow production (70%) (2) - gold oz 0 5,232 17,491 Cash Cost (after by-product credits) A$/oz Total Costs (after by-product credits) A$/oz Achieved gold price (3) A$/oz 1,587 1,648 1,383 Achieved copper price (3) A$/lb Achieved silver price (3) A$/oz Achieved Exchange rate AUD:USD Note: (1) Cadia Valley includes commissioning production of 2,315 ounces of gold and 200 tonnes of copper from the Cadia East project in the March 2012 quarter, and 2,142 ounces of gold and 203 tonnes of copper in the December 2011 quarter. Costs associated with these have been excluded from the cost calculations throughout this report. (2) Cracow and Mt Rawdon production in the December quarter is to the date of completion of divestment on 2 November (3) Achieved metal prices are the A$ spot price per unit of metal sold and excludes the impact of price related finalisations on metals in concentrate. All figures are 100% unless stated otherwise Operations Cadia Valley, NSW Cadia Valley s March 2012 quarter performance was 86,865 ounces of gold and 10,123 tonnes of copper at a cash cost of A$714 per ounce. This compares with the December 2011 quarter performance of 118,203 ounces of gold and 10,731 tonnes of copper at a cash cost of A$407 per ounce. Following the ground slip in November 2011 in the Cadia Hill open pit, operations recommenced in late January 2012, however mining activities were hampered by exceptionally heavy rainfall during the remainder of the quarter. Milling continued with ore feed sourced from lower grade stockpiles, resulting in lower throughput, lower gold and copper grades and associated recoveries in the March 2012 quarter. Mining of the Cadia Hill open pit is expected to be completed in July 2012, with the pit placed in a state of care and maintenance thereafter. Milling of stockpiled open pit material will continue. Ridgeway gold production was slightly lower due to conveyor belt upgrades taking place during the quarter to enable future increases in mining rates. Cadia East gold production continued during the quarter at small volumes. Commercial production is expected to commence in the December 2012 quarter. Site costs were higher than the previous quarter reflecting increased maintenance costs on the existing mill. Higher unit cash costs in the quarter are due to the higher site costs and lower gold production, only partially offset by higher by-product credits associated with a higher copper price. Lihir, PNG Lihir s March 2012 quarter performance was 149,533 ounces of gold at a cash cost of A$529 per ounce. This compares with the December 2011 quarter performance of 157,059 ounces of gold at a cash cost of A$554 per ounce. The open pit material mined in the March 2012 quarter was broadly in line with that achieved in the previous quarter, again being impacted by a number of significant rainfall events during the quarter. Additional dewatering capacity increased the contribution from high grade 2

3 positions in the Lienetz pit, resulting in a higher gold feed grade. As announced to the market on 24 February 2012, Lihir experienced production disruptions due to plant reliability issues. This continued to adversely impact mill throughput and metal recoveries for the quarter as a whole, though performance did stabilise in March. Unit cash costs fell by 5% against the previous quarter due to the increase in grade of the ore mined during the period. Site costs were higher than the previous quarter reflecting increased fleet maintenance costs. Telfer, WA Telfer s March 2012 quarter performance was 135,684 ounces of gold and 7,949 tonnes of copper at a cash cost of A$660 per ounce. This compares with the December 2011 quarter performance of 135,427 ounces of gold and 7,440 tonnes of copper at a cash cost of A$800 per ounce. Consistent gold production volume reflects higher mill throughput offsetting lower feed grades and recoveries. Copper production was 7% higher than the previous quarter, benefitting from higher throughput as well as higher grades, partially offset by lower copper recovery. Open pit ore was sourced from the West Dome pit and stage 7 of the Main Dome pit during the quarter. Waste stripping on the Main Dome pit stage 4 cutback continued. Underground mining continued on the 4550 and 4525 levels (fifth and sixth levels beneath the undercut) and development continued on the 4525 and 4500 levels. Unit cash costs were 17% lower this quarter due to the higher copper production and higher copper price, as well as a low strip ratio for the Main Dome production this quarter. Site costs were higher than the previous quarter due to higher mining and milling volumes. Gosowong, Indonesia Gosowong s March 2012 quarter performance was a record production outcome of 118,853 ounces of gold at a cash cost of A$367 per ounce. This compares with the December 2011 quarter performance of 107,500 ounces of gold at a cash cost of A$404 per ounce. Gold production was 11% higher than the previous quarter due to record quarterly mill throughput, with a monthly record set in March. The gold feed grade was consistent with the previous quarter, and gold recoveries were maintained. Underground mining continued in the K1, K2 and K-Link orebodies, with a small amount of ore mined from the Toguraci underground mine. Waste movement continued on the Gosowong open pit cutback, with a small volume of ore mined during the period. Unit cash costs were lower in the quarter, reflecting the increased gold production. Hidden Valley, PNG (50%) Hidden Valley s March 2012 quarter performance was 15,757 ounces of gold and 170,754 ounces of silver at a cash cost of A$1,716 per ounce. This compares with the December 2011 quarter performance of 26,234 ounces of gold and 274,951 ounces of silver at a cash cost of A$1,090 per ounce. Gold production was adversely impacted by high rainfall during the months of January and February 2012, impeding access to high grade ore. Additionally, mining equipment and resources were redeployed to environmental maintenance activities during this high rainfall period. The increased reliance on low grade oxide stockpiles during this period also resulted in lower mill throughput performance and lower recoveries, leading to lower overall gold and silver production. Trucking of ore to the mill continues to supplement the use of the overland conveyor system and adds to the high cost profile. The lower gold and silver grades and recoveries during the quarter further contributed to the increase in cash costs per ounce, which were primarily adversely impacted by production volume. Bonikro, Côte d Ivoire Bonikro s March 2012 quarter performance was 25,545 ounces of gold at a cash cost of A$899 per ounce. This compares with the December 2011 quarter performance of 23,771 ounces of gold at a cash cost of A$968 per ounce. Gold production increased by 7% as a result of higher mill throughput and higher feed grades, while recoveries were slightly lower. Waste stripping of cutback 4 continued during the quarter. Cash costs per ounce were lower than the previous quarter due to the higher grades and throughput. Project Development Cadia East, NSW The Cadia East project remains on schedule and on budget (A$1.9 billion). The project is fully committed and is 75% complete. The project remains on track for first commercial production in the December 2012 quarter. Underground mine development during the quarter continued to establish panel cave 1 and underground infrastructure. Development of the decline toward the deeper panel cave 2 also continued during the quarter. Preconditioning blasts continued in panel cave 1 and draw bells continued to be fired, with ore from the blasted draw bells and from the undercut being processed during the quarter. To date, over 300,000 tonnes of ore has been treated through the process 3

4 plant. The crushers for the underground materials handling system remain work in progress and the conveyor system is largely complete. An accelerated temporary crushing capability and a substantially complete conveyor system provides a level of materials handling capability to enable the ramp up of production from Cadia East panel cave 1 albeit at lower initial rates than expected. On the surface, the concentrate handling, power, tailings and water infrastructure were commissioned in the quarter. The flotation plant and the regrind vertimill were both completed on schedule and are in the final stages of commissioning. The high pressure grinding rolls (HPGR) circuit is well advanced with commissioning scheduled during May Lihir, PNG At Lihir, the Million Ounce Plant Upgrade (MOPU) progressed to budget and schedule and is currently 82% complete. Following the successful commissioning of the neutralisation, leach and adsorption circuit and the new barge mounted power station in the December quarter, the new crushing and conveying circuit is now being commissioned. The focus for the next quarter is the oxygen plant and the pressure oxidation circuit. The project remains on budget (US$1.3 billion) and on track to commence commissioning and ramp up of production in the December quarter of calendar year Wafi-Golpu, PNG (50%) During the March 2012 quarter the independent review of the pre-feasibility study commenced, with the final report expected to be released to the Joint Venture partners during the June 2012 quarter. The upgrade of the existing Wafi camp was completed, supporting the extensive drilling activity being undertaken. Construction and upgrade of the road to site progressed during the quarter. Stakeholder engagement with the community, landowners and various government agencies also continued during the period. The pre-feasibility study remains on schedule for completion in the first half of calendar 2012, with consideration by the Joint Venture partners to occur thereafter. A decision on moving to feasibility is likely to be made in the September 2012 quarter. O Callaghans, WA During the March 2012 quarter the study team completed the technical sections of a pre-feasibility study (PFS) into the viability of developing the O Callaghans tungsten deposit. The current focus is the collection and processing of a bulk sample for marketing purposes to allow overall completion of the study and an independent review of the PFS. Namosi, Fiji (69.94%) Studies into the management of water, waste rock and tailings to fully understand the material handling risks associated with the development of the Waisoi deposit are the focus for the next quarter. Drilling activities are presently suspended while the Government, landowners and the Joint Venture work through environmental remediation issues raised by landowners in connection with prior drilling. Exploration Wafi-Golpu, PNG (50%) The infill drilling program continued to encounter challenging down-hole conditions associated with the deep targets at Golpu, with only two holes completed this quarter. Infill resource drill hole WR418 intersected a significant zone of high grade mineralisation which returned: WR % Cu and 1.92g/t Au from 922m including 2.56% Cu and 2.51g/t Au This intercept confirms the continuity of the high grade mineralisation within the central portion of the resource. Drilling in the upper levels of the system also intersected well developed mineralisation. Drill hole WR421 intersected highly mineralised porphyry, highlighting the potential of defining additional higher grade mineralisation within the upper levels, returning 1.72% Cu and 1.05g/t Au from 500m. Assay results are pending. Drilling in the north has expanded the 0.1% Cu shell, with WR408 intersecting 0.18% Cu and 0.11g/t Au from 1592m. WR415W-2 drilled the southernmost part of the deposit and intersected a large zone of low grade gold-copper mineralisation associated with multiple porphyritic intrusions, returning 0.30%Cu and 0.25g/t Au from 1237m. Results from the drilling are in line with the existing resource model. Six drill holes are currently in progress, seeking to extend the resource base along the eastern margins of the system and within the upper levels. Drill testing of the highly prospective Wafi Transfer Zone commenced during the quarter, and is presently testing the Kesiago and Zimake prospects. At the Kesiago prospect, previous shallow drilling returned 0.24g/t Au and confirmed the presence of porphyry related mineralisation. Drilling is targeting higher grade mineralisation below this zone. The second rig is testing the Zimake prospect, where surface sampling has 4

5 confirmed the presence of outcropping gold and copper mineralisation coincident with an extensive surface goldcopper geochemical anomaly and large geophysical feature. Lihir, PNG At Lihir, drilling designed to grow the open pit resources continued to deliver strong results from the Kapit NE area. Significant results include: DDHL g/t Au from 68m DDHL g/t Au from 210m DDHL g/t Au from 130m DDHL g/t Au from 94m and 5.0g/t Au from 228m DDHL g/t Au from 82m and 30g/t Au from 390m DDHL g/t Au from 86m DDHL g/t Au from 154m The drilling has confirmed the presence of a high grade domain that sits outside the present resource shell and remains untested towards the east and to the northeast. Two drill rigs are focussed on delimiting this high grade domain. Gosowong, Indonesia At Kencana, underground drilling tested extension targets in and around the K1 and K2 shoots. Step out drilling south of K2 has returned strong results including: K2D m 22g/t Au from 108.7m and 11.0m 25g/t Au from 146.0m K2D m 14g/t Au from 115.6m K2D m 26g/t Au from 136.1m K2D m 37g/t Au from 158.2m K2D m 13g/t Au from 76.3m K2D m 15g/t Au from 62.0m K2D m 11g/t Au from 113.5m K2D m 13g/t Au from 58.9m These intercepts occur outside of present resources and indicate the potential for incremental resource growth. Drilling is ongoing to define the extent of this high grade mineralisation. At K1 North, drilling has returned an intercept of 2.9m 10g/t Au from 179.6m (K1D170), extending the mineralisation to the north. The search for new resources is focussed within the highly prospective Toguraci Corridor. Drilling has been successful with the intersection of several new epithermal structures and a new zone of mineralisation on the Mantap structure which returned 1.0m 17g/t Au from 355.1m and 2.6m 4.0g/t Au from 240.5m in NTD049. Drilling is ongoing to define ore shoots within this prospective corridor. Regional discovery drilling recommenced following the reinstatement of aviation support which impeded remote area exploration. * estimated true width shown in brackets Telfer, WA The open pit resource growth drilling program targeted near surface, lower cost resources at West Dome during the quarter. Drilling intersected quartz reefs and stockwork veins which are located outside of the previous extent of drilling, highlighting potential resource growth. Significant results from West Dome include: WRC g/t Au from 262.6m, 7.53g/t Au from 648m, 1.24g/t Au from 721m and 0.60g/t Au from 748m Underground, infill drilling at the Vertical Stockwork Corridor (VSC) has defined a northerly plunging shoot of high grade mineralisation which remains open at depth. Significant results for the VSC included: MUC14828A 29.0m 1.51g/t Au and 1.36% Cu from 628m MUC m 4.03g/t Au and 0.82% Cu from 391m and 13.2m 5.23g/t Au and 0.60% Cu from 425.8m MUC m 0.81g/t Au and 0.49% Cu from 546.3m MUC m 1.37g/t Au and 0.34% Cu from 568m MUC m 1.86g/t Au and 0.59% Cu from 503m Potential exists to grow the VSC resource down plunge and follow up drilling is continuing. * estimated true width shown in brackets Hidden Valley, PNG (50%) Drilling at Hidden Valley confirmed the continuity and extent of the higher grade mineralisation within the current resource of the Hidden Valley and Kaveroi lodes, with the following significant results drilled this quarter: HVDD g/t Au from 214m HVDD g/t Au from 336.7m including 23g/t Au from 345m HVDD g/t Au from 188m and 2.4g/t Au from 256m HVDD130 13g/t Au from 326.6m including 31g/t Au from 333m Results of the infill drill-hole HVDD126, designed to test for continuity of the high grade zone upon which the Kaveroi underground concept is based, have confirmed the geometry of this high grade domain. Regionally, drill testing of the Heyu Prospect located four kilometres northwest of the Hidden Valley mine continued. Drilling has been successful with the intersection of gold mineralisation, significant results include: HEYDH g/t Au from 287m and 5

6 0.53g/t Au from 592.5m Drilling will continue to test the remainder of the prospective geochemical targets to help define the extent of the mineralisation. Bonikro, Côte d Ivoire Drilling in Côte d Ivoire continued with five rigs. At Bonikro and the surrounding leases, activities focussed on growing the resource base and testing advanced targets within the Hiré licence area. Results include: BRDD g/t Au from 549m and 3.1g/t Au from 568m BRRC g/t Au from 6m BRRC g/t Au from 81 These intercepts occur outside the current resource and indicate potential for incremental growth to the south and north down-plunge. The regional exploration campaign in search for a large Orogenic gold system within the tenement package advanced, with 342 aircore holes drilled at Bouaflé and a further 273 aircore holes drilled at Mankono. Gold assay results have been received for the central part of the Bouaflé anomaly confirming the presence of an extensive aircore anomalous gold zone over five kilometres of strike associated with a major structural corridor observed in detailed geophysics. Diamond core drilling to follow up specific targets resulting from the initial Bouaflé program has commenced and will continue through the June 2012 quarter. Corporate Following his commencement in the role of Finance Director and Chief Financial Officer on 1 January 2012, Mr Gerard Bond was appointed to the Newcrest Board on 8 February Newcrest s secondary listing on the Toronto Stock Exchange was completed during the quarter. As announced to the market on 13 March 2012, Mr Scott Langford has been appointed to the position of General Counsel & Company Secretary. Mr Langford has been a senior legal practitioner at Allens Arthur Robinson since 1992, a partner since 1995, and has been a key legal adviser to major mining and resource companies including Newcrest. Mr Langford will take up his position on 1 July 2012 and will be based in Melbourne. Mr Langford s appointment is part of a transitional arrangement, with Newcrest s Executive General Manager Corporate Affairs, Mr Stephen Creese, who intends to retire in July Until then, Mr Creese will retain his external affairs responsibilities with the addition of the community relations portfolio. G J Robinson Managing Director and Chief Executive Officer Greenfields Exploration At Tandai in Indonesia, the exploration program continued with drilling at Lusang North and of the newly defined geophysical targets within the fertile structural corridor that is host to the historically mined Tandai deposit. Significant intercepts include: TDD g/t Au and 21g/t Ag from 24m TDD g/t Au and 19g/t Ag from 37m Regional to Tandai, stream sediment and surface soil sampling activities have identified an epithermal vein system previously not recognised 10 kilometres southsoutheast of Tandai at Ulukau. At Manus Island in Papua New Guinea, drilling commenced late in the March 2012 quarter. Initial exploration is designed to assess the Kisi epithermal and Arie porphyry copper-gold systems. During the March 2012 quarter, Newcrest and Frontier Resources signed a Heads of Agreement for a proposed farm-in agreement, subject to due diligence, where Newcrest can earn a majority interest in Frontier s Mt Andewa and Mt Schrader exploration projects in West New Britain, Papua New Guinea. 6

7 Gold Production Summary March 2012 Quarter Mine Production (t 000 s) (4) Tonnes Treated (000 s) Head Grade (g/t Au) Gold Recovery (%) Gold Production (oz) Net Cash Cost (A$/oz) (5) Total Costs (A$/oz) (5) Cadia Hill 641 3, , Ridgeway 1,663 1, , Cadia East , Total Cadia Valley 2,437 4, , ,011 Telfer Open Pit 21,182 4, , Telfer Underground 1,431 1, , Telfer Dump Leach , Total Telfer 22,613 5, , Lihir 7,219 1, , Gosowong 1, , Hidden Valley (50%) 2, ,757 1,716 2,198 Bonikro 6, , ,195 Mt Rawdon (6) Cracow (70%) (6) Total 43,082 13, , Nine Months to March 2012 Cadia Hill 6,848 10, , Ridgeway 4,789 4, , Cadia East ,727 Total Cadia Valley 12,072 15, , Telfer Open Pit 58,541 11, , Telfer Underground 4,433 4, , Telfer Dump Leach , Total Telfer 62,974 16, , ,082 Lihir 23,375 4, , Gosowong 5, , Hidden Valley (50%) 8,163 1, ,452 1,164 1,536 Bonikro 16,556 1, , ,233 Mt Rawdon (6) 5,717 1, , ,147 Cracow (70%) (6) , ,057 Total 134,557 40, ,698, Notes: (4) Mine production for open pit includes ore and waste. Underground includes only ore production. (5) Cash Cost and Total Cost includes the impact of realised and unrealised quotation period adjustments. (6) Cracow and Mt Rawdon production is to the date of divestment on 2 November 2011 All figures are 100% unless stated otherwise. 7

8 Copper Production Summary March 2012 Quarter Copper Grade % Copper Recovery % Concentrate Produced (tonnes) Metal Production (tonnes) Cadia Hill ,601 2,647 Ridgeway ,793 7,276 Cadia East Total Cadia Valley ,394 10,123 Telfer Open Pit ,661 3,615 Telfer Underground ,524 4,334 Total Telfer ,185 7,949 Total ,579 18,072 Nine months to March 2012 Cadia Hill ,012 10,702 Ridgeway ,834 21,480 Cadia East Total Cadia Valley ,846 32,616 Telfer Open Pit ,343 8,851 Telfer Underground ,598 14,003 Total Telfer ,940 22,854 Total ,787 55,470 All figures are 100% unless stated otherwise. Silver Production Summary March 2012 Quarter Head Grade g/t Silver Recovery % Tonnes Treated (000 s) Silver Production (oz) Cadia Valley (7) - - 4,804 68,009 Telfer (7) - - 5,570 55,263 Lihir (7) - - 1,539 1,587 Gosowong ,946 Hidden Valley (50%) ,754 Bonikro (7) ,156 Mt Rawdon (7) Cracow (70%) (7) Total , ,715 Nine months to March 2012 Cadia Valley (7) , ,184 Telfer (7) , ,487 Lihir (7) - - 4,487 10,558 Gosowong ,301 Hidden Valley (50%) , ,946 Bonikro (7) - - 1,410 10,553 Mt Rawdon (7) (8) ,176 39,909 Cracow (70%) (7) (8) ,843 Total ,311 1,464,780 Notes: (7) Silver head grade and recovery not currently assayed. (8) Cracow and Mt Rawdon production is to the date of divestment on 2 November 2011 All figures are 100% unless stated otherwise. 8

9 Cost per Ounce of Gold Produced 3 months to 31 March 2012 AUD/oz 9 months to 31 March 2012 AUD/oz Cadia Valley (11) Telfer Lihir Gosowong Hidden Valley Bonikro Mt Rawdon (12) Cracow (12) Group Cadia Valley (11) Telfer Lihir Gosowong Hidden Valley Bonikro Mt Rawdon (12) Cracow (12) Group Gold Production (oz) 86, , , ,853 15,757 25, , , , , ,151 67,452 72,056 24,198 23,787 1,698,607 Mining Milling , Administration and other Third party smelting, refining and transporting costs Royalties By product credits (981) (493) 0 (15) (322) (6) - - (296) (772) (465) (1) (17) (331) (4) (93) (24) (290) Stripping & ore inventory adjustments (9) 94 (475) (381) (23) (431) (603) - - (261) 59 (327) (349) (39) (257) (526) (466) (5) (204) Net Cash Cost , , Depreciation & Amortisation (10) Total Costs 1, ,198 1, , ,536 1,233 1,147 1, Note: (9) Represents adjustment for the cost of waste removal at life-of-mine stripping ratio rates, share of advanced development costs and ore inventory movements. (10) Depreciation and amortisation of mine site assets is determined on the basis of the lesser of the asset s useful economic life or the life of the mine. Life-of-mine assets are depreciated according to units of production and the remainder on a straight line basis. (11) Cadia Valley includes commissioning production of 2,315 ounces of gold and 200 tonnes of copper from the Cadia East project in the March 2012 quarter, and 4,728 ounces of gold and 434 tonnes of copper in the nine months ended 31 March Costs associated with these have been excluded from the cost calculations throughout this report. (12) Cracow and Mt Rawdon data is to the date of divestment on 2 November All figures are 100%, other than Cracow production shown at 70% and Hidden valley production shown at 50% 9

10 Corporate Information Board Members Don Mercer Non-Executive Chairman Greg Robinson Managing Director and CEO Gerard Bond Finance Director and CFO Vince Gauci Winifred Kamit Richard Knight Rick Lee Tim Poole John Spark Stephen Creese Company Secretary Registered & Principal Office Level 9, 600 St Kilda Road, Melbourne, Victoria, Australia 3004 Telephone: +61 (0) Facsimile: +61 (0) Website: Stock Exchange Listings Australian Stock Exchange New York ADR s Toronto Stock Exchange Port Morseby Stock Exchange (Ticker NCM) (Ticker NCMGY) (Ticker NM) (Ticker NCM) Forward Shareholder Enquiries to Link Market Services Level 1, 333 Collins Street Melbourne, Victoria, 3000 Australia Telephone: (0) Facsimile: +61 (0) registrars@linkmarketservices.com.au Website: Substantial Shareholder(s) at 31 March 2012 Blackrock 12.62% Fidelity 7.00% Commonwealth Bank of Australia 6.82% Issued Share Capital At 31 March 2012 issued capital was 764,960,269 ordinary shares. Quarterly Share Price Activity High Low Last $ $ $ Jan - Mar Forward Looking Statement These materials include forward looking statements. Often, but not always, forward looking statements can generally be identified by the use of forward looking words such as may, will, expect, intend, plan, estimate, anticipate, continue, and guidance, or other similar words and may include, without limitation statements regarding plans, strategies and objectives of management, anticipated production or construction commencement dates and expected costs or production outputs. Forward looking statements inherently involve known and unknown risks, uncertainties and other factors that may cause the company s actual results, performance and achievements to differ materially from any future results, performance or achievements. Relevant factors may include, but are not limited to, changes in commodity prices, foreign exchange fluctuations and general economic conditions, increased costs and demand for production inputs, the speculative nature of exploration and project development, including the risks of obtaining necessary licences and permits and diminishing quantities or grades of reserves, political and social risks, changes to the regulatory framework within which the company operates or may in the future operate, environmental conditions including extreme weather conditions, recruitment and retention of personnel, industrial relations issues and litigation. Forward looking statements are based on the company and its management s good faith assumptions relating to the financial, market, regulatory and other relevant environments that will exist and affect the company s business and operations in the future. The company does not give any assurance that the assumptions on which forward looking statements are based will prove to be correct, or that the company s business or operations will not be affected in any material manner by these or other factors not foreseen or foreseeable by the company or management or beyond the company s control. Although the company attempts and has attempted to identify factors that would cause actual actions, events or results to differ materially from those disclosed in forward looking statements, there may be other factors that could cause actual results, performance, achievements or events not to be anticipated, estimated or intended, and many events are beyond the reasonable control of the company. Accordingly, readers are cautioned not to place undue reliance on forward looking statements. Forward looking statements in these materials speak only at the date of issue. Subject to any continuing obligations under applicable law or any relevant stock exchange listing rules, in providing this information the company does not undertake any obligation to publicly update or revise any of the forward looking statements or any change in events, conditions or circumstances on which any such statement is based. Ore Reserves and Mineral Resources Reporting Requirements As an Australian company with securities listed on the Australian Securities Exchange ( ASX ), Newcrest is subject to Australian disclosure requirements and standards, including the requirements of the Corporations Act and the ASX. Investors should note that it is a requirement of the ASX listing rules that the reporting of ore reserves and mineral resources in Australia comply with the JORC Code and that Newcrest s ore reserve and mineral resource estimates comply with the JORC Code. As a company listed on the Toronto Stock Exchange ( TSX ), Newcrest is subject to certain Canadian disclosure requirements and standards, including the requirements of NI In accordance with NI , Newcrest reports its ore reserves and mineral estimates in compliance with the JORC Code, along with a reconciliation to the material differences between the JORC Code and the applicable definitions adopted by the Canadian Institute of Mining, Metallurgy and Petroleum. Competent Persons Statement The information in this quarterly report that relates to Exploration Results and other scientific and technical information is based on information compiled by C. Moorhead, EGM Minerals for Newcrest Mining Limited who is a Fellow of The Australasian Institute of Mining and Metallurgy, and a full-time employee of Newcrest Mining Limited. Mr Moorhead has sufficient experience which is relevant to the styles of mineralisation and types of deposits under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code ) and is a Qualified Person within the meaning of National Instrument Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators ( NI ). Mr Moorhead consents to and has approved the inclusion in this quarterly report of the matters based on this information in the form and context in which it appears including sampling, analytical and test data underlying the results. For details of exploration reports refer to the Newcrest website at Exploration Target The potential quantity and grade related to Exploration Targets in this report is conceptual in nature as there has been insufficient exploration to define a Mineral Resource. It is uncertain if further exploration will result in the determination of a Mineral Resource. Refer to Newcrest s detailed exploration summary on our website at and on For further information, please contact: Investor Enquiries North America/Europe Investor Enquiries Australia/Asia Media Enquiries Steve Warner Kim Kerr Kerrina Watson T: T: T: E: steve.warner@newcrest.com.au E: kim.kerr@newcrest.com.au E: kerrina.watson@newcrest.com.au This information is available on our website at 10