News: NCM Newcrest Says Cadia PC1-2 Feasibility Study Demonstrates Strong Financial Returns

Nov 11 (Reuters) - Newcrest Mining Ltd (NCM) :

• CADIA PC1-2 FEASIBILITY STUDY DEMONSTRATES STRONG FINANCIAL RETURNS
• FEASIBILITY STUDY ESTIMATED IRR OF 18% AND NPV OF US$1.4 BILLION OVER A 16 YEAR MINE LIFE AT CADIA
• FIRST PRODUCTION FROM PC1-2 IS EXPECTED IN FY26, WITH EXECUTION TARGETED FOR FY29
• HAS FURTHER OPTIMISED PC1-2 MINE FOOTPRINT SINCE PRE-FEASIBILITY STUDY
• EXPECT TO DELIVER ADDITIONAL GOLD AND COPPER PRODUCTION OVER NEXT DECADE AND BEYOND FROM PC1-2 MINE
• "WE ALSO HAVE SIGNIFICANT FINANCIAL HEADROOM TO FUND CONSTRUCTION OF PC1-2"