Investor Presentaiton
Estimated Cadia Gold Equivalent production 1.2,3
1500
1250
1000
750
Gold Equivalent
production
(koz)
500
250
2010
2015
2020
2025
Ore milled
2030
2035
Ore milled (actual)
2040
2045
2050
2055
-Au eq
Au eq (actual)
40
33
35
30
25
22
20
2060
Ore Milled
(mt)
15
10
5
0
2065
1
2
3
Stage 1 of the Cadia Expansion Feasibility Study has been prepared with the objective that its findings are subject to an accuracy range of ±15%. Stage 2 has been completed to a Pre-
Feasibility Study level with its findings at an accuracy range of ±25%. The findings in the Study and the implementation of the Cadia Expansion Project are subject to all necessary approvals,
permits, internal and regulatory requirements and further works. The estimates are indicative only and are subject to market and operating conditions. They should not be construed as
guidance.
Assumptions include: Gold price of US$1,200/oz, copper price of US$3.00/lb, AUD: USD exchange rate of 0.75. Recovered Gold & Copper Production as provided in the charts on slide 23 as
indicative of the forward metal sales profile. Gold-equivalent production (by-product basis) = Recovered Au oz+ (Cu Price $US/lb) x 2204.62 / (Au Price US$/oz) x (Recovered copper tonnes
as provided in the chart above, as indicative of the forward production profile). Gold grades are as set out in the indicative mine production profile on slide 26. Based on LOM Au recovery of
approximately 80% and approximately 85% for Cu. In the Company's opinion, all elements included in the metal equivalents calculation have a reasonable potential to be recovered and sold.
The production target underpinning the forecast financial information is contained in the graphs on slide 23 and is based on utilisation of 100% of the Cadia East Ore Reserves. Refer to
slides 41 and 42 for the Cadia East Ore Reserves as at 31 December 2018 but note that such figures are subject to depletions for the period from 1 January 2019.
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