NCM newcrest mining limited
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News: NCM Newcrest Says Board Has Approved Cadia Pc1-2 Pre-Feasibility Study

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    19/08/21
    11:25
    Post #: 55410107

    Aug 19 (Reuters) - Newcrest Mining Ltd (NCM) :

    • NEWCREST - BOARD HAS APPROVED CADIA PC1-2 PRE-FEASIBILITY STUDY
    • NEWCREST - A$120 MILLION OF FUNDING HAS BEEN APPROVED FOR THIS EARLY WORKS PROGRAM WHICH IS EXPECTED TO COMMENCE IN DECEMBER 2021 QUARTER
    • NEWCREST -HAVE SIGNIFICANT FINANCIAL HEADROOM TO FUND CONSTRUCTION OF PC1-2
    • NEWCREST - TOTAL CAPITAL EXPENDITURE FOR DEVELOPMENT OF PC1-2 IS ESTIMATED TO BE ABOUT A$1.3 BILLION WITH FIRST PRODUCTION EXPECTED IN CY25
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