Exploration Fraser MacCorquodale General Manager Minerals Development
Disclaimer 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 to advise of 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 2004 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (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 National Instrument 43-101 - Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators ( NI 43-101 ). In accordance with NI 43-101, Newcrest reports its ore reserves and mineral estimates in compliance with the JORC Code, along with a reconciliation for any material differences between the JORC Code and the applicable definitions adopted by the Canadian Institute of Mining, Metallurgy and Petroleum (CIM Definition Standards). There are no material differences between the definitions of Measured, Indicated and Inferred Mineral Resources, and Proven and Probable Reserves, under the CIM Definition Standards and the equivalent or corresponding definitions in the JORC Code. Exploration Target The potential quantity and grade related to any Exploration Targets referred to in this presentation 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 www.newcrest.com.au and on www.sedar.com. 2
Newcrest strategy Continue to grow resource base Brownfield growth: Lihir and Wafi-Golpu Greenfield growth: Africa, PNG, Indonesia Unlock full potential of resource base Increase Resource to Reserve conversion Exploration, innovation, leverage off Newcrest strengths Continue to develop industry leading exploration portfolio Acquire high quality new opportunities 3
Newcrest strengths Strong discovery history Highly skilled exploration team Resource base High growth pipeline Transforming exploration plays into world class provinces 4
Grassrootss + 75% of late-stage gold budgets (US$m) Industry trends: declining discoveries 5-year average Au Discovery-oriented gold budgets 120 $6,000 100 $5,000 red (Moz) 80 $4,000 60 40 $3,000 $2,000 1990 1991 1992 1993 1994 1995 1996 1997 1998 19999 20000 2001 20022 2003 2004 2005 2006 2007 2008 2009 20100 2011 ning average of gold discover 20 $1,000 Five-year run 0 $0 Source: MEG Strategies for Gold Reserves Replacement 5
Newcrest bucking the trend Gold Discovered 1990-1996 Gold Discovered 1997-2011 Number of Discoveries 80 8.0 (mil oz) Gold Discovered ( Attributable 70 60 50 40 30 20 Newcrest has discovered more gold than its peers between 1990 2011. 77.8 million oz discovered Source: MEG 2012 7.0 6.0 50 5.0 4.0 3.0 2.0 Number of Att tributable Discoverie es 10 1.0 0 0.0 Source: MEG Strategies for Gold Reserves Replacement 6
Newcrest exploration discovery history 150 Lihir acquisition + Golpu (Moz) In-Situ mine eral occurence 125 100 75 50 25 Cadia Hill Gosowong Telfer II Ridgeway Hidden Valley + Wafi-Golpu acquisition & Cadia East expansion Toguraci Kencana Namosi 0 1986 1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 Mineral Resource Ore Reserve Source: Refer Newcrest Annual Statement of Mineral Resources & Ore Reserves to December 31, 2011. Refer Newcrest Annual Reports for historical figures. 7
Portfolio review 8
Newcrest exploration spend ~A$13 per resource ounce added 158 150 In n-situ Mineral Oc ccurence (Moz) Exploration Sepnd (A$M) 125 100 75 50 25 39 45 46 57 60 77 109 101 126 0 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Mineral Resource Ore Reserve Exploration Spend Source: Refer Newcrest Full Year Financial Results to June 30, 2012. Refer Newcrest Annual Reports for historical figures. 9
FY13 exploration program: A$150 to $160M Tandai, Manus Island and Mt Andewa JVs: A$10 to 15m Grassroots exploration PHILIPPINES Gosowong: A$20 to 25m Step out drilling around Toguraci and Kencana Regional grassroots exploration within the CoW Manus Is JV Bonikro and Côte d Ivoire: A$25 to 30m Exploration around Bonikro Mine Accelerated regional exploration program Wafi-Golpu and Morobe: A$35 to 40m Wafi-Golpu project Wafi Transfer Zone discovery exploration Regional exploration PAPUA NEW GUINEA AFRICA CÔTE D IVOIRE MANKONO BOUAFLE BONIKRO Yamoussoukro Abidjan 100 km Tandai JV INDONESIA Wafi Golpu/ Morobe Mt Andewa JV Lihir: A$10 to 15m Resource and Reserve drilling Offshore exploration Telfer: A$20 to 25m West Dome advanced exploration Hidden Valley FIJI AUSTRALIA Cadia Valley Namosi: A$5 to 10m Discovery exploration in Namosi SPL 1000 km Indicative spends shown, Newcrest share Operation Advanced Project Exploration Project 10
Quality growth portfolio Province Exploration Development Operations Resource Reserve Au (Moz) Cu (Mt) Au (Moz) Cu (Mt) Lihir Kapit North East MOPU Lihir Pit 57 32 Cadia Near Mine Cadia East Ridgeway 43 8.0 27 4.3 Morobe JV 4,000km 2 Wafi-Golpu* Hidden Valley* 35 9.1 16 5.4 Tlf Telfer West Dome Deeps VSC O Callaghans Main Dome West Dome Telfer Deeps 21 1.2 12 0.6 Côte d Ivoire 15,000km 2 Oumé Hiré Bonikro 2.9 1.1 Gosowong Gosowong CoW Toguraci Kencana Gosowong 2.5 2.0 APAC Projects Mt Andewa JV Manus JV Tandai JV Namosi JV* Marsden watch this space? 9.3 8.7 4.9 4.3 Total Newcrest share # 151 20 85 11 Refer Newcrest Annual Statement of Mineral Resources & Ore Reserves to December 31, 2011 and August 2012 Golpu Pre-Feasibility Study and Reserve Announcement * Resource and Reserve figures quoted on 100% basis. # MMJV = 50%, Namosi = 69.94% Note: Rounding may cause some computational discrepancies in totals. 11