Investor Presentaiton
Evolution
MINING
NORTHPARKES TIMELINE
Northparkes has a long history of delivering on growth and expansion
Discovery
Growth
Expansion
1976
Discovered E22 by Peko-Wallsend (roadside
traverse)
1978-80
RAB drilling discovered E27 and E26
1980's
(early) North merged with Peko and was known as
North Broken Hill (NBH) and subsequently, in the
1990's became North Limited (NBH)
1992
Approved operation - open-cut, underground and
mill
1993
JV formed with Sumitomo Parties - to facilitate
concentrate purchase and processing
1993-94
First mining operation (UG block cave mining at
E26 and open-cut mining at E27)
1994
Open cut mining commences at E22, first gold
poured
2000
Rio Tinto acquires 80% in Northparkes
2004
Second block cave commissioned at E26 L2
2008
Extension to 2nd block cave mine at E26 L2N
2010
Initial production at E48 L1
2012
Milling capacity expanded to 6.4Mtpa
2013
Rio Tinto sold 80% stake to CMOC for US$820m¹
2019
Mill expanded to 7.6Mtpa, shaft capacity also
increased in line as well
2020
CMOC entered into a streaming agreement with
TFPM and received payment of US$550m cash
2023 onwards
Evolution acquisition. Current LOM focused
on 5 porphyry deposits suitable for caving and or
open cut mining (E26, E48, E22, E31, GRP314)
1. See Australian Mining article "Rio offloads Northparkes mine in an $US820m deal" dated 29 July 2013
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