Newcrest clearly love & need Havieron!17 Feb 2022 15:28
"The depth and quality of our global organic growth portfolio was demonstrated through the announcement of the findings of the Cadia PC1-2, Red Chris Block Cave, Havieron Stage 1 and Lihir Phase 14A Pre-Feasibility Studies. Each of these studies indicate excellent rates of return and we are projecting a material growth in our operating margin and cash flow over the next decade. Progressing each one of these studies makes compelling financial sense and we are excited by the significant potential beyond the base case projections.”
"Red Chris and Havieron continue to deliver exceptional drilling results,..."
"...increased investment in major capital projects at Cadia, Red Chris, Havieron and Lihir that underpin the expected future growth of Newcrest..."
"In the current period, the Newcrest Board approved the progression of the Cadia PC1-2, Red Chris Block Cave, Havieron Stage 1 and Lihir Phase 14A Pre-Feasibility Studies (PFS) to the Feasibility Stage with works advancing on all projects. The projections generated by each of the PFS studies indicate compelling rates of return, a material improvement in Newcrest’s operating margin and cash flow, and a significant reduction in Newcrest’s AISC per ounce."
"As noted in the Study (Havieron PFS), significant upside opportunities are being evaluated. The deposit is still open in multiple directions with the potential to increase the scale and life of the project, as well as presenting the opportunity to adopt alternative, lower cost, mining methods. The Feasibility Study is expected to be completed in the December 2022 quarter."
"Newcrest continued to progress its extensive drilling program at Havieron during the period with eight drill rigs in operation. Growth drilling continues to extend the high-grade mineralisation outside of the initial Inferred Mineral Resource estimate, including high grade extensions to the South East Crescent Zone at depth, as well as high grade crescent style mineralisation within extensions of the Eastern Breccia."
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