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Wednesday, August 10, 2022

Diggers and Dealers Special: NEWCREST MINING AFFIRMS, EVERY TIER 1-SCALE INTERNATIONAL MINER NEEDS GOOD EXPLORATION PARTNERS.

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“Newcrest’s exploration general manager Fraser MacCorquodale has appealed to grassroots explorers to link up with the company in its search for new drill-stage projects in Tier 1 locations around the world, promising them the advantages of its high levels of technical capability, its flexibility in adopting partnership styles and “experience in quickly transforming opportunities into long-term mines.”

Newcrest

The TV soap Neighbours may have folded after 30 years on our screens, but Australia’s premier international gold miner Newcrest has brought a familiar theme song to the audience of mining and investment executives at Australia’s Diggers & Dealers Mining Forum in Kalgoorlie: everybody needs good partners.

Newcrest’s Exploration General Manager, Fraser MacCorquodale has appealed to grassroots explorers to link up with the company in its search for new drill-stage projects in Tier 1 locations around the world, promising them the advantages of its high levels of technical capability, its flexibility in adopting partnership styles and “experience in quickly transforming opportunities into long-term mines.”

File Photo: Newcrest Telfer Mine

McCorquodale highlighted Newcrest’s Havieron project in Western Australia, being explored under a joint venture with UK-based explorer Greatland Gold. Newcrest currently holds 70% of the project and has until the beginning of September to pay $US60 million to exercise its option over an additional 5% interest.

A feasibility study on the development of Havieron, which would deliver ore to Newcrest’s Telfer facilities just 45km away, is still on track for completion in the December quarter.

Although underground geotechnical and hydrogeological conditions have slowed the development of an exploration decline, McCorquodale said lessons learned in the exploration for minerals under deep cover at Havieron are being applied to the search for more resources at Telfer to extend the life of the venerable mine.

File Photo: Newcrest Brucejack Mine

In the Golden Triangle region of British Columbia in Canada, Newcrest is continuing to expand its high-grade footprints at its wholly owned Brucejack and 70%-owned Red Chris projects.

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