September 2012 Quarterly ResultsSeptember 2012 Quarterly ResultsGreg Robinson

Managing Director and Chief Executive Officer

Disclaimer

Forward Looking Statement

These materials include forward looking statements. Often, but not always, forward looking statements can generally be identified by the use of forward looking words such as “may”, “will”, “expect”, “intend”, “plan”, “estimate”, “anticipate”, “continue”, and “guidance”, or other similar words and may include, without limitation, statements regarding plans, strategies and objectives of management, anticipated production or construction commencement dates and expected costs or production outputs.

Forward looking statements inherently involve known and unknown risks, uncertainties and other factors that may cause the company’s actual results, performance and achievements to differ materially from any future results, performance or achievements. Relevant factors may include, but are not limited to, changes in commodity prices, foreign exchange fluctuations and general economic conditions, increased costs and demand for production inputs, the speculative nature of exploration and project development, including the risks of obtaining necessary licences and permits and diminishing quantities or grades of reserves, political and social risks, changes to the regulatory framework within which the company operates or may in the future operate, environmental conditions including extreme weather conditions, recruitment and retention of personnel, industrial relations issues and litigation. g , p , g

Forward looking statements are based on the company and its management’s good faith assumptions relating to the financial, market, regulatory and other relevant environments that will exist and affect the company’s business and operations in the future. The company does not give any assurance that the assumptions on which forward looking statements are based will prove to be correct, or that the company’s business or operations will not be affected in any material manner by these or other factors not foreseen or foreseeable by the company or management or beyond the company’s control.

Although the company attempts and has attempted to identify factors that would cause actual actions, events or results to differ materially from those disclosed in forward looking statements, there may be other factors that could cause actual results, performance, achievements or events not to be as anticipated, estimated or intended, and many events are beyond the reasonable control of the company. Accordingly, readers are cautioned not to place undue reliance on forward looking statements. Forward looking statements in these materials speak only at the date of issue. Subject to any continuing obligations under applicable law or any relevant stock exchange listing rules, in providing this information the company does not undertake any obligation to publicly update or revise any of the forward looking statements or to advise of any change in events, conditions or circumstances on which any such statement is based.

Ore Reserves and Mineral Resources Reporting Requirements

As an Australian company with securities listed on the Australian Securities Exchange (“ASX”), Newcrest is subject to Australian disclosure requirements and standards, including the requirements of the Corporations Act and the ASX. Investors should note that it is a requirement of the ASX listing rules that the reporting of ore reserves and mineral resources in Australia

f C f f O ( “ O C C ”) ’comply with the 2004 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the “JORC Code”) and that Newcrest’s ore reserve and mineral resource estimates comply with the JORC Code. As a company listed on the Toronto Stock Exchange (“TSX”), Newcrest is subject to certain Canadian disclosure requirements and standards, including the requirements of National Instrument 43-101 - Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators (“NI 43-101”). In accordance with NI 43-101, Newcrest reports its ore reserves and mineral estimates in compliance with the JORC Code, along with a reconciliation to the material differences between the JORC Code and the applicable definitions adopted by the Canadian Institute of Mining, Metallurgy and Petroleum (CIM Definition Standards). There are no material differences between the definitions of Measured, Indicated and Inferred Mineral Resources, and Proven and Probable Reserves, under the CIM Definition Standards and the equivalent or corresponding definitions in the JORC Code.

Competent Person’s Statement

The information in this presentation that relates to Exploration Results and other scientific and technical information is based on information compiled by C. Moorhead, EGM Minerals for Newcrest Mining Limited who is a Fellow of The Australasian Institute of Mining and Metallurgy, and a full-time employee of Newcrest Mining Limited. Mr Moorhead has sufficient experience which is relevant to the styles of mineralisation and types of deposits under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the JORC Code and is a Qualified Person within the meaning of NI 43-101. Mr Moorhead consents to and has approved the inclusion in this presentation of the matters based on this information in the form and context in which it appears including sampling, analytical and test data underlying the results. For details of exploration reports refer to the Newcrest website at www.newcrest.com.au.

Exploration Target

2

The potential quantity and grade related to Exploration Targets in this presentation is conceptual in nature as there has been insufficient exploration to define a Mineral Resource. It is uncertain if further exploration will result in the determination of a Mineral Resource. Refer to Newcrest’s detailed exploration summary on our website at www.newcrest.com.au and on www.sedar.com.

September quarter key points – operations

• Gold production: 460,425 ouncesp

– In line with 21 September 2012 market release

• Copper production: 18,598 tonnespp p ,

• Cash margins of A$880/oz

– Achieved gold price: A$1,583/ozAchieved gold price: A$1,583/oz

– Unit cash cost position impacted by lower production: A$703/oz

• Full year production cost and capital guidance maintainedFull year production, cost and capital guidance maintained

• The Lihir ReNew program focussed on NCA refurbishment, electrical systems, mobile

equipment availability, control systemsq p y, y

3

September quarter key points – growth & other

• Lihir MOPU: on schedule for completion in December 2012 quarter

• Cadia East project: on schedule for first commercial production in December 2012 quarter

• Updated Ore Reserve and Mineral Resource estimates for Wafi and Golpu releasedp p

• Golpu drilling better defines the eastern boundary, which remains open

• Bilateral bank lending arrangements were renewed and expanded to US$2.5 billionBilateral bank lending arrangements were renewed and expanded to US$2.5 billion

• US$1.0 billion was raised in the United States bond market, repaid shorter term debt

4

Costs

4.51,200 Cash costs A$M A$ Cash cost per ounce

275 315 259 296 286

328

3.0

3.5

4.0

400

600 

800 

1,000 

b co

pper

pric

e572 534

493 479 519

471

542 594 606 609 604 703

2.0

2.5

‐

200 

400 

Jun 11 Sep 11 Dec 11 Mar 12 Jun 12 Sep 12

A$/

lb

Jun 11 Sep 11 Dec 11 Mar 12 Jun 12 Sep 12

Total Cash Costs Mining (net of stripping) Ore Processing Cash Cost per ounce (post by product credits)By Product Credit

4.5 2,000 A$ Cash margin

Total Cash Costs Mining (net of stripping) Ore ProcessingSite Adminstration Realisation & Royalties

Copper price

861,029 1,042 978 970 880

1,409

1,623 1,648 1,587 1,574 1,583

3.5

4.0

1,200 

1,600 

per p

rice

Achieved Gold price (A$/oz)

C h i (A$/ )

542 594 606 609 604 703

867

2.5

3.0

400 

800 

A$/

lb c

opCash margin (A$/oz)

Cash costs (A$/oz)

5

2.0 ‐Jun 11 Sep 11 Dec 11 Mar 12 Jun 12 Sep 12Copper price

Operations – Lihir & Cadia Valley

• Drill fleet availability improvement program in place

Lihir• Electrical system issue in the main oxygen plant rectified

• New circuit improves gold recovery

• Unit costs adversely impacted by lower production

• Ridgeway conveying system issue rectified

Cadia Valley

• Ridgeway continues to increase production rates

• Lower grade stockpile material was primary ore source for the quarterCadia Valley

• 10% increase in mill throughput rates achieved

• Site costs declined around 10%

• Unit costs adversely impacted by lower grade ore feed

6

Operations - other

• Planned SAG mill shutdown led to lower production

Telfer • Gold grade increased; lower recovery due to higher sulphur content

• Lower site costs; unit costs higher due to lower production

• Planned lower grades and poor ground conditions reduced production

• Throughput and gold recoveries maintained

Gosowong • 14% reduction in cash costs due to lower production

• Unit costs higher due to lower production and higher cost pit ounces

• Gold production to increase over the year; guidance maintained

• Mill throughput and gold recoveries continued to improve Hidden Valley

• Higher production expected after crusher upgrade in March quarter 2013

• Gold production increased due to improved grade and recovery

7

Bonikrop p g y

• Costs higher due to temporary crushing as main crusher refurbished

Lihir MOPU

Construction 97% complete

Commissioning 75% complete

Barge power station In operation

Leach circuit In operation

Crushing system In operationg y p

Grind thickener In operation

Conveying system Octobery g y

Autoclave October

Oxygen plant November

Grinding circuit December

Capital ~US$1.3bn

8

Completion December 2012

Cadia East

Panel Cave 1 Almost completecomplete

Surface construction Complete

SubstantiallyUnderground construction Substantially complete

Surface infrastructure In operation

Ore treatment In operation

Underground conveyors In operation

Crushing to 1000tph capability In operationCrushing to 1000tph capability In operation

Crushing to 4500tph capability March 2013

Initial capital ~A$2bnp $

Commercial production December 2012 quarter

P l C 2 I i

9

Panel Cave 2 In construction

PNG, Morobe Mining JV – emerging province

Body copy here Morobe Province

LaeZimake

WAFI TRANSFER WAFI TRANSFER  Wafi Transfer• Strong copper mineralisation

PLAN VIEW

• Dot points hereHuon Gulf

Bavaga

Pekumbe

Bavaga

Zenapu

Zenag

Papua New GuineaKesiago

Strong copper mineralisation confirms the high grade core within Lift 2 of Golpu; drilling intersects

Wafi/Golpu

WR426   942m @ 0.94g/t Au, 1.18% Cu incl. 340m @ 1.91g/t Au, 2.35% Cu

Bulolo

Pekumbe

Mt Tonn

Zenag

Port Moresby

Lae

MMJV project area

- 340m @ 1.91g/t Au, 2.35% Cu

HIDDEN VALLEY ‐WAUHIDDEN VALLEY ‐WAU

SOLOMON  SEA

Bulolo

Kulang

Edie Creek

Mungowe

Kuari

Wau

Hamata

Hidden Valley-Wau District• Encouraging initial results

from drilling beneath the

DISTRICTDISTRICT

Kerimenge historical resource at Kerimenge

GARAWARIA TRENDGARAWARIA TRENDHidden Valley

C l i

Giu

25 km

Morobe

Current/renewalTENEMENT STATUS

Regional Exploration• Trench sampling confirms gold

target of one kilometre strike Garawaria

10

Central Province Wiwo at Garawaria

Indonesia, Gosowong – discovery exploration

TOGURACI CORRIDORTOGURACI CORRIDOR KENCANA‐GOSOWONG CORRIDOR

KENCANA‐GOSOWONG CORRIDOR

Kencana• Incremental resource growthGosowong

Ngoali

Incremental resource growth around Kencana continues

Kencana-Gosowong Corridor

Jakarta

AUSTRALIA

1000 km

INDONESIA

g

Batu Api/Matat

Upper

Kencana Gosowong Corridor• Encouraging exploration south of

Kencana with continuity of structures identified

SesewetUpperImur

Tobobo Gosowong

Area of active exploration

Contract of Work

Target areas Regional Exploration• Initial drilling confirms

SWToguraci

Toguraci

Kencana2km

• Initial drilling confirms prospectivity at Batu Api / Matat

K2D145 6 3 @ 8 5 / A

GOSOWONGPLANT

K2D145   6.3m @ 8.5g/t AuK2D148 18.5m @ 6.4g/t AuK2D150 16.3m @ 8.5g/t Au

11

PLAN VIEW

Côte d’Ivoire – exploration

Bonikro District• Significant results from Bonikro

PLAN VIEW

Significant results from Bonikronorthern plunge target, potential for upgrade of Resources

• Initial drilling at Hiré SW highlights g g gpotential for new narrow high grade shoot

Timbé / Bouake

Mankono

Regional Exploration• > 10 kilometres saprolite gold

anomaly defined at Bouaflé

Timbé / Bouake

Yamoussoukro

Bouaflé

BRDD257B   40m @ 3.6g/t Au

• Granitoid-hosted gold mineralisationintersected at Mankono

Oumé

Hiré

Bonikro

gBRDD275B 60m @ 3.8g/t Au

HRC2555   5m @ 22g/t Au

100 km

Greenstone

Abidjan

Newcrest Tenement

Côte d’Ivoire

AFRICA

12

100 km