Cadia Valley

Peter Smith Executive General Manager Australian Operations

Disclaimer
Forward Looking Statement These materials include forward looking statements. Often, but not always, forward looking statements can generally be identified by the use of forward looking words such as may, will, expect, intend, plan, estimate, anticipate, continue, and guidance, or other similar words and may include, without limitation statements regarding plans, strategies and objectives of management, anticipated production or construction commencement dates and expected costs or production outputs.. Forward looking statements inherently involve known and unknown risks, uncertainties and other factors that may cause the companys actual results, performance and achievements to differ materially from any future results, performance or achievements. Relevant factors may include, but are not limited to, changes in commodity prices, foreign exchange fluctuations and general economic conditions, increased costs and demand for production inputs, the speculative nature of exploration and project development, including the risks of obtaining necessary licences and permits and diminishing quantities or grades of reserves, political and social risks, changes to the regulatory framework within which the company operates or may in the future operate, environmental conditions including extreme weather conditions, recruitment and retention of personnel, industrial relations issues and litigation. Forward looking statements are based on the company and its managements good faith assumptions relating to the financial, market, regulatory and other relevant environments that will exist and affect the companys business and operations in the future. The company does not give any assurance that the assumptions on which forward looking statements are based will prove to be correct, or that the companys business or operations will not be affected in any material manner by these or other factors not foreseen or foreseeable by the company or management or beyond the companys control. Although the company attempts and has attempted to identify factors that would cause actual actions, events or results to differ materially from those disclosed in forward looking statements, there may be other factors that could cause actual results, performance, achievements or events not to be anticipated, estimated or intended, and many events are beyond the reasonable control of the company. Accordingly, readers are cautioned not to place undue reliance on forward looking statements. Forward looking statements in these materials speak only at the date of issue. Subject to any continuing obligations under applicable law or any relevant stock exchange listing rules, in providing this information the company does not undertake any obligation to publicly update or revise any of the forward looking statements or to advise of any change in events, conditions or circumstances on which any such statement is based. Ore Reserves and Mineral Resources Reporting Requirements As an Australian company with securities listed on the Australian Securities Exchange (ASX), Newcrest is subject to Australian disclosure requirements and standards, including the requirements of the Corporations Act and the ASX. Investors should note that it is a requirement of the ASX listing rules that the reporting of ore reserves and mineral resources in Australia comply with the 2004 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code) and that Newcrests ore reserve and mineral resource estimates comply with the JORC Code. As a company listed on the Toronto Stock Exchange (TSX), Newcrest is subject to certain Canadian disclosure requirements and standards, including the requirements of National Instrument 43-101 - Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators (NI 43-101). In accordance with NI 43-101, Newcrest reports its ore reserves and mineral estimates in compliance with the JORC Code, along with a reconciliation for any material differences between the JORC Code and the applicable definitions adopted by the Canadian Institute of Mining, Metallurgy and Petroleum (CIM Definition Standards). There are no material differences between the definitions of Measured, Indicated and Inferred Mineral Resources, and Proven and Probable Reserves, under the CIM Definition Standards and the equivalent or corresponding definitions in the JORC Code. Exploration Target The potential quantity and grade related to any Exploration Targets referred to in this presentation is conceptual in nature as there has been insufficient exploration to define a Mineral Resource. It is uncertain if further exploration will result in the determination of a Mineral Resource. Refer to Newcrests detailed exploration summary on our website at www.newcrest.com.au and on www.sedar.com.

Cadia Valley - Australia

Long life, low cost, organic growth FY13 production guidance 400 to 500koz gold 53 to 58kt copper 5 year outlook 700 to 800koz gold a year 80 to 90kt copper a year >30 year reserve life Cadia East ramp up
Gold production2 CVO Resource1 Reserve1
1

CVO, Australia

Gold Moz 43.2 26.6

Copper Mt 7.97 4.27 473koz 400to 500koz 700to 800koz

Refer Newcrest Annual Statement of Mineral Resources & Ore Reserves as at December 31, 2011. Annual gold production range: gold bar designates up to low end of range, blue signifies high end of range

FY12

FY13

FY17
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Cadia Valley - Australia

First quartile gold producer Cadia East capital targeting high returns ~$1.3bn expansion over 5 year plan period ~$100m development spend per year thereafter Cadia East to deliver: Mining costs $5 to 6/tonne Unit cash costs post credits ~$200/oz2
Unit cash cost per ounce1
1,500

Cadia Valley Cash cost post credits Production cost post credits EBIT margin Return on net assets

FY12 A$423 per ounce A$663 per ounce 40% 13%

(27% excluding CE WIP)

1,000 Cadia USD$/oz 500

0 0.0% -500 Current cash cost -1,000 Target cash cost

25.0%

50.0%

75.0%

100.0%

Percentile

1 2

Source: GFMS, accessed 25 September 2012 Assumes US$2.50/lb and AUD:USD 0.85

Cadia Valley: long life, low cost, organic growth

Production 400 to 500koz transition year

FY13

Cadia East commercial production - rate steps-up Process stockpiles, RWD at 8mtpa Plants commissioned Increase production to 700 to 800koz gold plus 80 to 90kt copper 100% Cadia East ore

5 years

Optimise cave performance Drive cash costs lower and stabilise capital Studies to drive 30 to 35mtpa processing Production sustained for 30+ years

15 years

Broader province exploration options Near mine supplementary ore supply Seamless mining and processing factory

Future mine

Highly automated, high technology, low cost long life

Cadia Valley Province in central NSW Australia

Cadia Valley

Peak Hill 1 Moz Au historical production # Northparkes 4.1 Moz Au# 2.3 Mt Cu Parkes

Ridgeway 3.4 Moz Au

Big Cadia 0.55 Moz Au Cadia Extended 0.93 Moz Au Cadia Hill 5.4 Moz Au Cadia East 33 Moz Au

Copper Hill Mine 1.6 Moz Au, 640 kt Cu# Orange

Mineralised Corridor

Cadia Valley Operations Cowal 4.5 Moz Au# Marsden Project

CADIA PLANT

Bathurst McPhillamys # 3 Moz Au, 60 kt Cu Gooleys

43

1
Willow Park Cowra Marsden
Tenement Legend Newcrest ML Newcrest EL Tenement Legend Newcrest ML Newcrest EL EL - Active EL Application EL - Active EL Application Target areas

50 km
nn 2011 Gold Resource (Moz Au) Newcrest interest basis

50 km

# externally reported figures

Refer Newcrest Mineral Resource & Ore Reserve Explanatory Notes issued 15 August 2011

Cadia Valley - Australia

Newcrest Owned Land

Operational Area

Mining Lease

CVO land position is secure

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Cadia Valley - Australia

CVO site well established footprint

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Cadia Valley - Australia

18700 Mega litres of site storage 2 years without refill

Southern Tails

Northern Tails

Upper Rodds Creek Dam

CVO well set up for water supplies

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Cadia Valley - Australia

Environmental impact monitoring and management includes: Noise: operational & traffic Blasting and vibration Air quality, soil and water Meteorological monitoring Rehabilitation & biodiversity Aboriginal and historical heritage Open community relations practised Employee awareness Inductions and participation Open days, site tours, newsletters 24 hour community hotline Regular consultation forums

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Cadia Valley - Australia

Plan view
Cadia Valley

RESOURCE Resource 43.2 Moz Au 8 Mt Cu Reserve 26.6 Moz Au 4.3 Mt Cu

2011 CADIA EAST RESERVE(1) 1.2 Bt @ 0.58 g/t Au & 0.31 % Cu

Big Cadia Ridgeway

Pit outline

Sydney

2011 CADIA EAST RESOURCE(1) 2.3 Bt @ 0.44 g/t Au & 0.28 % Cu

Cadia Extended Cadia Hill

Cadia East

Mine Grid

33.1 Moz Au 6.6 Mt Cu

2011 RIDGEWAY RESOURCE(1) 150 Mt @ 0.71 g/t Au & 0.37 % Cu

22.2 Moz Au 3.7 Mt Cu

2011 RIDGEWAY RESERVE(1) 93 Mt @ 0.82 g/t Au & 0.36 % Cu

1000 m

Long projection (looking mine grid north) F

Cadia Hill

3.3 Moz Au 0.54 Mt Cu

2011 CVO OTHER RESOURCE(1)

2.5 Moz Au 0.35 Mt Cu

2011 CVO OTHER RESERVE(1) 130 Mt @ 0.51 g/t Au & 0.20 % Cu

Big Cadia Cadia Extended Ridgeway

1000 m

Stage 4

Cadia East

F
Resource

560 Mt @ 0.38 g/t Au & 0.15 % Cu

6.8 Moz Au 0.84 Mt Cu

2.0 Moz Au 0.25 Mt Cu

(1) Newcrest Annual Statement of Mineral Resources & Ore Reserves as at December 31, 2011.

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Cadia Valley - Australia

CVO operations are in a transition phase from open pit to all underground Cadia Hill open cut: care and maintenance on 30th June 2012 Ridgeway underground mine: Newcrests first Block Cave mine, hitting targets Cadia East Project on schedule for commercial production in December quarter Ore processing facility: fully commissioned

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Cadia Valley - Australia

CVO future production dominated by Cadia East (CE) Transition phase: from open cut (CH) and underground to all underground RWD (RW) operating at 8mtpa, pushing to 9mtpa Cadia East ramping to 26mtpa capability

30 Tonnes Processed (Mt) 25 20 15 10 5 0

800 700 600 500 400 300 200 100

FY2008 FY2009 FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 FY2017

CE Mill Tonnes CH Stockpile Mill Feed

RW Mill Tonnes Gold Produced mid point estimate koz

CH Mill Tonnes

koz 13

Cadia Valley - Australia

RWD learning & perfecting how to block cave RWD is a single level block cave mine - Feasibility design of 5.6mtpa - Now operating at 8mtpa - Static panel layout reserves of 100mt - Material handling system max capability of 9-10mtpa Demonstrated technical capability to build and operate deep block cave mine in CVO conditions Managed secondary break out of critical path Remote / automated bogging tested Demonstrated electric loaders can compete Introduce link to SAOC
Lift 2 Lift 1 SLC

AlllearningsleadtoCE
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Cadia Valley - Australia

Cadia East: the largest underground mine in Australia Panel Cave mine - Depth: 1200m 1500m 1.2bn tonnes ore in total 26mtpa production capacity ~$5 to $6/tonne mining costs 5 year capital: $1.3bn Intense preconditioning of cave Mine infrastructure capability Crushers Belts Processing Operating systems tuned at RWD
600m 1,225m Cadia Hill Open Pit

PC1S2
825 m

1,475m

400m

PC1 S1

PC2S1

PC2 S2
700m

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Cadia Valley - Australia

Production has commenced Cave propagating well Main crusher on track PC2 on track Infrastructure commissioned Future state design complete SAOC imbedded

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Cadia Valley - Australia

FY13 cave layout: currently 27 drawbells fired and 28 ready (drilled)

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Note: 2 drawpoints for each drawbell

Cadia Valley - Australia

Undercut moving to plan: grey = fired, blue = drilled

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Cadia Valley - Australia

PC1S1

PC2S1
Cave development over the next 3 years: FY13

FY13

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Cadia Valley - Australia

PC1S1

PC2S1
Cave development over the next 3 years: FY14
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Cadia Valley - Australia

PC1S1

PC2S1
Cave development over the next 3 years: FY15
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Cadia Valley - Australia

Unlike RWD CE is a dynamic multi panel multi level layout

To compare: this is the size of RWD

We are now here

Cadia East future sequencing -Macro Blocks (LOM Au Grade)

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Cadia Valley - Australia

Feasibility Feasibility Optimised

Panel cave 2 extraction level layout optimised

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Cadia Valley - Australia

Panel cave 1 phase 2 crusher chamber progressing to plan

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Cadia Valley - Australia

Isometric View (looking towards West)

The cave has started to propagate very well

4670 PC1 Undercut 4650 PC1 Extraction

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Cadia Valley - Australia

CaveBackOpenMonitoring Holes

RecordedSeismicity11th24thSeptember2012

PC1CaveShape
4670PC1UndercutLevel TopofUndercutDrilling

Drawbells firedandconnectedto Undercut

4650PC1ExtractionLevel

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Cadia Valley - Australia

Cave Back Interpretation September 2012 Caved Stock: 430,000 Tonnes Caved Stock Available: 50,000 Tonnes 9 m average air gap (25 m max) Next 6 UC firings to the North To create caving and filling of gap
Isometric View (looking towards West)

4670 PC1 Undercut

Expansion Void height (m)

Nomogram
110 100 90 80 70 60 50 40 30 20 10 0

4650 PC1 Extraction

Assumes 2 pathways

20

30

40

50

60

70

80

90

100

110

120

130

140

150

160

170

180

190

200

Muckpile Height (m)

Red

Orange

Yellow

Green

Daily monitoring and reporting tools in place

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Cadia Valley - Australia

There is potential to drive processing to 35mtpa1

HIGH CASE 35Mtpa

Leverage assets upper Step change limits New technologies

Leverage assets upper limits

MID CASE 30Mtpa

Execute the plan

BASE CASE 26Mtpa

1.

Subject to regulatory approvals.

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Cadia Valley - Australia

Emerging Cadia Step Changes Getting higher productivities from what we have
Exploit finer, engineered cave material Ridgeway showing fine material as cave matures Cadia East additionally has intensive preconditioning Low grade segregation before processing Adopt semi-continuous cave production Fine tuning ore transfer system productivities Working with Codelco Field trialling mobile breaker units at Cadia Macro block value sequencing Refining draw column value assessment processes Understanding cave engineered design parameters front ended grade & metal by sequencing value better Macro Block Value Re-sequencing High Productivity Transfer Systems Higher productivity from asset Finer Engineered Cave Ore

Sustained, low cost 30-35Mtpa Mining Factory

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Cadia Valley - Australia

Future State
Collaboration Hub Operations Excellence (Tier 3) Excellence (Tier 3) Collaboration Hub Expert Tune Up (Tier 2)

Site Asset Operations Centres (Tier 1) Drive on-going operational improvement Sites Rapid, quality short interval decision making Continuous mines, safe delivery of plan

Establish Newcrest ops plans and improvement priorities

Shared context in real-time

CVO performance will be underpinned by the company's integrated operating philosophy

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Cadia Valley: long life, low cost, organic growth

Production 400 to 500koz transition year

FY13

Cadia East commercial production - rate steps-up Process stockpiles, RWD at 8mtpa Plants commissioned Increase production to 700 to 800koz gold plus 80 to 90kt copper 100% Cadia East ore

5 years

Optimise cave performance Drive cash costs lower and stabilise capital Studies to drive 30 to 35mtpa processing Production sustained for 30+ years

15 years

Broader province exploration options Near mine supplementary ore supply Seamless mining and processing factory

Future mine

Highly automated, high technology, low cost long life

31

Cadia Valley - Australia

Cadia Valley operations at the dawn of greatness

The future is here

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