Newcrest today releases additional results from 6 holes with 6,652m of drilling from the Havieron Project, located 45km from Newcrest's Telfer mine in Western Australia.

These results are further to the results released on 24 October 2019.

Assay results have been received for 4 holes (HAD019, HAD020, HAD021, HAD025) and partial results received for a further 2 drill holes (HAD023, HAD028).

Havieron Project Details

The Havieron Project is operated by Newcrest under a farm-in agreement with Greatland Gold Plc. It is centred on a deep magnetic anomaly located 45km east of Telfer in the Paterson Province. The target is overlain by more than 420m of post mineral cover. Newcrest commenced drilling during the June 2019 quarter and has increased activity over the first half of FY2020 with six drill rigs currently operational. Drill testing is expected to continue until mid December 2019 and recommence in early to mid-January, subject to favourable weather conditions.

Newcrest can earn up to a 70% joint venture interest through total expenditure of US$65m over a 6 year period. Newcrest may acquire an additional 5% interest at the end of the farm-in period at fair market value. During the farmin period, Newcrest will have a first right of refusal over the remainder of Greatland Gold's Paterson project (Black Hills, Paterson Range East and portions of the Havieron licence).

The farm-in agreement includes tolling principles reflecting the intention of the parties that, subject to a successful exploration program and feasibility study, the resulting joint venture ore will be processed at Telfer which is 45km west of Havieron.

Contact:

Tel: +61 3 9522 5333

Email: corporateaffairs@newcrest.com.au

(C) 2019 Electronic News Publishing, source ENP Newswire