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Investor Presentaiton

. NextGen HydroMet Molybdenum Plant Update Feasibility Study completed: Design of a molybdenum separation plant expected to generate ~6,500tpa of 52% molybdenum concentrate with a 92% recovery • Shipping and logistics parameters confirmed • Full load Commissioning expected to be completed - FY221 1,2,3 FS Key Findings IRR: Capital cost: First production: Estimated By-product credit: 12 3 14.5% ~$95m CY 2021 around $50/oz Indicative Plant Layout Subject to market and operating conditions Estimates were prepared to a Feasibility Study level with the objective of being subject to an accuracy range of ±15%. Molybdenum is not disclosed in Newcrest's Reserves & Resources statement, and production average is indicative only and should not be construed as guidance. Additional confirmatory work is required to support molybdenum minerology understanding and predictability of molybdenum recovery and grade. AISC calculated assuming average molybdenum production of 4.1m lb p.a with a range of between 80-7000ppm 35
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