News: NCM Newcrest Mining Says ‍Stage 1 Of Cadia Expansion Project Approved To Proceed​

Oct 15 (Reuters) - Newcrest Mining Ltd (NCM) :

• APPROVED TO EXECUTION PHASE FIRST OF TWO STAGES IN CADIA EXPANSION PROJECT
• TWO STAGES OF CADIA EXPANSION PROJECT HAVE AN ESTIMATED TOTAL CAPITAL COST OF $865M
• FIRST STAGE COMPRISES COMMENCEMENT OF NEXT CAVE DEVELOPMENT AND INCREASE IN NAMEPLATE CAPACITY OF PROCESS PLANT TO 33MTPA
• STAGE 2, IN FEASIBILITY STUDY HAS ESTIMATED CAPITAL COST OF $180M
• SECOND STAGE IS FOCUSSED ON INCREASE PROCESSING CAPACITY TO 35MTPA & RECOVERY RATE IMPROVEMENT PROJECTS
• EXPECTED NET PRESENT VALUE OF $1,170M FOR BOTH STAGES

Source text http//www.asx.com.au/asxpdf/20191015/pdf/449hjpy5l1ngdy.pdf

([email protected])