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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

Comment by pathson Feb 17, 2020 4:38pm
163 Views
Post# 30700072

RE:Mine Life and head grades

RE:Mine Life and head gradesTo clarify, I did not do much of an analysis to get to seven years. Just that to make a change that will result in that much difference to the grade, the range of sample application may have been about 30% too far. Changing that has to cut back the volume by a significant amount, not a subtle amount, maybe as much as 30%, but they are gaining volume on the drop in cutoff grade, so need to make a very rough estimate call it 22%. This does not include anything new found after or outside of the original block model. The reports don't show how the curves were arrived at so one is left with the only option being a very rough estimate, and with now being doubtful and somewhat skeptical about the resource estimates, one may become less likely to be shy about this.

I will always be confident and very supportive of work in that region, have been for 35 years. Beyond 200 million years ago BC was a waterworld with scattered islands like the Philippines, into the Jurassic come folding, intrusions, volcanism sometimes extreme. Having been subjected to extreme forces, and strong mineralizing events, the Brucejack deposit age, about 190 m, was a time and place for some good deposits to form, at least some of which remaining hidden.
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