Investor Presentaiton
TANAMI EXPANSION 2: INVESTING IN FUTURE GROWTH AND PROFITABILITY
OPERATIONAL EFFICIENCY IMPROVES MARGINS
Delivers a 1.5km deep production shaft, reducing operating costs
by 10% through efficiency improvements
Enables future processing of -3.3Mtonnes of ore per year
Annual production increase of 150koz - 200koz for the first five full
years, bringing average AISC for Tanami to $900-$1,000/oz (2026-
2030)*
INDICATIVE TANAMI PRODUCTION PROFILE (kozs)
800
600
400
200
2022
2023
N
PROGRESSING TANAMI EXPANSION 2
ā
ā
Supports Tanami's future as a long-life, low-cost producer and unlocks
operational bottlenecks
Investment of $1.2-$1.3B to extend mine life beyond 2040 & provide a
platform for future growth through district expansion
Completed shaft reaming and headframe installation; commercial
production anticipated in H2 2025
2024
2025
2026
2027
2028
2029
2030
*Costs presented using a $1,400/oz gold price assumption.
FEBRUARY 2023 INVESTOR PRESENTATION
Tanami Base
Tanami Expansion 2
2031
NEWMONT CORPORATION
33
2032View entire presentation