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Cadia PC1-2 project, Australia

17th February 2023

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

     

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Name of the Project
Cadia PC1-2 project.

Location
The cutback is located adjacent to the current West Dome Stage 2 and West Dome Stage 5 pits, in New South Wales, Australia.

Project Owner/s
Newcrest Mining.

Project Description
A feasibility study has confirmed Cadia’s position as a world-class, long-life gold and copper producer.

Development of PC1-2 is expected to sustain Cadia mine production at about 35-million tonnes a year as production from the current operational PC1 and PC2 caves begins to decline from the 2024 financial year.

The feasibility study estimates an operation with a 16-year mine life from first production at an average of 17-million tonnes a year and average gold production of 231 000 oz/y and copper production of 42 000 t.

Total ore production is estimated at 280-million tonnes, producing 3.7-million ounces of gold and 670 000 t of copper.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
The project has an estimated net present value of A$1.8-billion and a real, after-tax internal rate of return of 18%.

Capital Expenditure
A$1.44-billion.

Planned Start/End Date
First production is expected in the 2026 financial year, with execution targeted for the 2029 financial year.

Latest Developments
None stated.

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
Newcrest Mining, tel +61 3 9522 5333 or email corporateaffairs@newcrest.com.au.

Edited by Martin Zhuwakinyu
Creamer Media Magazine Managing Editor

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