RED CHRIS JV

OWNERSHIP

70% Newcrest

METALS

Gold and Copper

LOCATION

1,700 kms from Vancouver, Canada

Red Chris is located in the

'Golden Triangle' of British Columbia

In August 2019, Newcrest acquired 70% of the Red Chris operation in a joint venture with Imperial Metals.

In March 2019, and following an intensive due diligence process, Newcrest entered into an agreement with Imperial Metals to acquire 70% of the Red Chris Mine.

The acquisition completed on 15 August 2019. We see this as a meaningful, yet measured entry into North America and believe Red Chris has the potential significant expansion through the application of our technical expertise.

The size of this transaction was readily accommodated by our strong cashflows and did not put at risk our strong balance sheet and liquidity position.

Red ChrisVancouverWhitehorse

GROWTH OPPORTUNITIES

We’re implementing our technical capabilities via a two stage transformation approach.

Stage 1: Apply Newcrest’s Edge transformation approach

• Process plant optimisation
• Mine optimisation
• Supply chain cost reduction
• Extensional resource and exploration drilling program

Stage 2: Apply Newcrest’s industry leading technology

• Block caving
• Coarse ore floatation
• Mass sensing and sorted
• Deep underground brownfield and greenfield exploration