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Newcrest Mining Ltd NCMGF


Primary Symbol: A.NCM

Newcrest Mining Limited is an Australia-based mining company. The Company's principal activities are exploration, mine development, mine operations and the sale of gold and gold/copper concentrate. The Company owns and operates a portfolio of brownfields and greenfields exploration projects. The Company’s assets include Brucejack, Cadia, Havieron, Lihir, Red Chris, Telfer and Wafi-Golpu. The Brucejack asset is located approximately 950 kilometers (km) from Vancouver, Canada. The Cadia asset is located approximately 25 km from Orange, New South Wales (NSW). The Havieron asset is located approximately 45 km east of Telfer. The Lihir asset is located on the Niolam Island, approximately 900 km from Port Moresby, Papua New Guinea (PNG). The Red Chris asset is located approximately 1,700 km from Vancouver, Canada. The Telfer asset is located approximately 400 km from Port Hedland, WA. The Wafi-Golpu asset is located approximately 65 km from the city of Lae, PNG.


ASX:NCM - Post by User

Bullboard Posts
Comment by boomstick_json Nov 22, 2013 6:54pm
435 Views
Post# 21933762

RE:RE:RE:RE:4215 ounces from 8,090 tonnes..nice

RE:RE:RE:RE:4215 ounces from 8,090 tonnes..nice
Still wondering about the wet/dry distinction, so I went back to the Oct 30 PR and found this passage. Does "wet" mean it's already been through the flotation stage, and the additional assay work is pending? If so, then the last 2k tons are not the highest of the high grade, but the remainder of the gravity/flotation process. If this is correct, and it's being processed in order, then it will at least be the remainder from the highest grade. Does anybody on the board know whether this is completely misguided?

Bulk Sample Update

Over 90% of the bulk sample material excavated as part of the Valley of the Kings Bulk Sample Program ("the Program") has now arrived at the mill. Processing is continuing on track and expected to be completed by the end of November. Shipment and sale of the gravity concentrate has commenced, with shipment of the flotation concentrate to commence in November.

Testwork at an independent, certified assay lab has determined from check screen fire assays that coarse gold is reporting to the flotation concentrate and therefore the mill may be under-reporting the grade of gold in the flotation concentrate. Accordingly, screen fire assays will now routinely be completed on all flotation concentrate samples, and the final mill results for the bulk sample will be available after all testwork has been completed. Pretivm is targeting a total of 4,000 ounces of gold to be produced from the 10,000 tonnes of material excavated for the Program.

Bullboard Posts

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