Investor Presentaiton

Lihir - Strong cash flow generation Production (koz) 1 234 Lihir Site Process Element Mining Description Open pit drill, blast, load and haul mining, currently in Phase 9 of Minifie Pit and Phases 14 & 15 in Lienitz. Substantial stockpiles Key Statistics Gold Reserve Life: 1 ~25 years Gold Ore Reserves: 24moz Gold Mineral Resources: 50moz FY20 Prod. Guidance: 930-1,030koz Au² Q1 FY20 AISC: Processing Crushing, grinding, flotation, pressure oxidation, NCA circuit Q1 FY20 Production: Workforce (FTE)³: $1,054/oz 218koz ~2,400 employees ~3,300 contractors Output Gold dore All-In Sustaining Cost ($/oz) Free Cash Flow ($m)4 900 940 955 933 830 858 934 887 307 353 311 301 FY16 FY17 FY18 FY19 FY16 FY17 FY18 FY19 FY16 FY17 FY18 FY19 Reserve life is indicative and calculated as proven and probable gold reserves (contained metal) as at 31 December 2018 divided by gold production for the 12 months ended 30 September 2019. The reserve life calculation does not take into account future gold production rates and therefore estimate reserve life does not necessarily equate to operating mine life. Full gold mineral resources and ore reserves tables can be found on slides 31 to 32 Achievement of guidance is subject to market and operating conditions At 30 June 2019. Employees are Newcrest directly employed FTEs, contractor FTEs include full time embedded contractors and project, replacement labour and other contractors Free cash flow is before interest and tax 12

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