Releases Annual Mineral Resources & Ore Reserves Statement Annual Mineral Resources and Ore Reserves Statement - as at 31 December 2021
- Major increases driven by organic growth at Red Chris, Havieron and Lihir
- Gold Ore Reserves1 increase by 10% to 54 million ounces
- Measured and Indicated Resources1 increase to 1042 million ounces gold (+7%) and 19 million tonnes copper (+12%)
- Inferred Resources1 increase to 16 million ounces gold (+39%) and 3.5 million tonnes copper (+50%)
Melbourne, Australia--(Newsfile Corp. - February 16, 2022) - Newcrest Mining Limited (ASX: NCM) (TSX: NCM) (PNGX: NCM) has updated its Mineral Resource and Ore Reserve estimates for the twelve-month period ending 31 December 2021 following a review of all production sources. The review has taken into account divestments and acquisitions, mining depletion, drilling results, studies, long-term metal prices, foreign exchange rates and cost assumptions, as well as mining and metallurgy performance to inform cut-off grades and physical mining parameters.
Newcrest's Annual Mineral Resources and Ore Reserves Statement meets the reporting requirements of the Australian Securities Exchange (ASX) Listing Rules Chapter 5, December 2019; the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves, December 2012 (JORC Code), and has been prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects (NI 43-101) of the Canadian Securities Administrators, June 2011, Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Definition Standards on Mineral Resources and Mineral Reserves, May 2014 and the rules of the Toronto Stock Exchange (TSX).
https://www.newsfilecorp.com/release/114044