Diggers n Dealers Forum Kalgoorlie

3 –

5 August 2009

Geoff Day

EGM Operations

2

Disclaimer

Forward Looking Statements

These materials include forward looking statements. Forward looking statements inherently involve subjective judgement and analysis and are

subject to significant uncertainties, risks and contingencies, many of which are outside of the control of, and may be unknown to, the company.

Actual results and developments may vary materially from those expressed in these materials. The types of uncertainties which are relevant to

the company may include, but are not limited to, commodity prices, political uncertainty, changes to the regulatory framework which applies to

the business of the company and general economic conditions. Given these uncertainties, readers are cautioned not to place undue reliance on

such 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, the company does not in providing this information undertake any obligation to publicly update or revise any

of the forward looking statements or any change in events, conditions or circumstances on which any such statement is based.

Competent Persons StatementThe information in this report that relates to Exploration Results is based on information compiled by C. Moorhead, EGM Minerals for Newcrest

Mining Limited who is a Member 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 2004 Edition of the ‘Australasian Code for Reporting of Exploration

Results, Mineral Resources and Ore Reserves. Mr Moorhead consents to the inclusion in the report of the matters based on this information in

the form and context in which it appears.

3

Newcrest Overview

Top 10 global gold producer

Market Capitalisation US$12B (A$15B)

Proven ability to find, build and operate world class gold mines

Low gearing and strong balance sheet

Strong profit and cashflow growth

Multiple growth options

4

Newcrest Operations & Projects

Telfer(100%)

Gosowong(82.5%)

Hidden Valley & Wafi/Golpu(50%)

Cracow(70%)

Cadia Valley(100%)

Namosi (65%)(1)

Australia

Indonesia

Fiji

PNG

Mine Sites3 X Surface Mines4 X Underground Mines4 X Major Advanced Exploration Targets

(1) Increasing to 69.94% subject to Fiji government approval

5

Newcrest Resources and Reserves

Newcrest Resource & Reserve estimates as at 30 June 2008 For details refer to the Newcrest 2008 Annual Report

Operations, 40%

Projects, 60%

Operations, 46%

Projects, 54%

Gold Mineral Resources 70.6 Moz Gold Ore Reserves 40.0 Moz

Copper Mineral Resources 9.18Mt Copper Ore Reserves 4.15Mt

6

First Cost Quartile Producer

0

100

200

300

400

500

600

0% 10% 20% 30% 40% 50%

Cumulative Production %

Cas

h C

ost U

S$ p

er O

unce

Nine Months to Q109 World Average US$489/oz

Newcrest Average –

FY09 US$350/oz

Source: GFMS

7

Key Points for Full Year 2009

Annual gold production 1,631,183oz (guidance achieved)

Annual copper production 89,876 tonnes (guidance exceeded)

Gross cash margin increased 8% to A$724/oz

Cost guidance achieved

8

Cadia

Valley

9

Ridgeway Deeps Block Cave

Cadia Hill

Cadia East Panel Cave

Resource of 83 million gold equivalent ounces

(Approximation calculated at Gold: US$600 per ounce; Copper: US$1.70 per pound)

Ridgeway Sublevel Cave

Cadia Valley

Based on Newcrest resource & reserve estimates as at 30 June 2008For details refer to the Newcrest 2008 Annual Report

10

Cadia Valley -

Ridgeway DeepsNewcrest’s first block cave

– Application of new technology with use of remote automated loaders

Project on schedule and budget– All capital committed– Project development is 76% complete

Cave Development– Undercutting on schedule– Cave is propagating according to plan

Project milestone achieved with delivery of first production ore in June 09 Quarter

Annual production rate to exceed 5.6mtpa feasibility capacity in H2 FY10

Project Capital A$545M

Mine life of 8 years

Ore Reserves(1)

– Gold 2.2Moz– Copper 0.31Mt Newcrest resource & reserve estimates as at 30 June 2008

For details refer to the Newcrest 2008 Annual Report(1) Includes Ridgeway & Ridgeway Deeps

First ore into underground crusher

First production ore from draw bell

11

Lift 0

Lift 1

Lift 2

Conveyor Decline Main Decline

Orebody Open

1,200m

Cadia Hill Pit

Cadia Valley -

Cadia East Feasibility

Development of Australia’s largest underground mine

Feasibility on track for completion at end calendar 2009

Capital expenditure less than A$2 Billion

Mine life of 30+ years

Production increasing

– Gold over 700koz pa by 2013

– Copper over 75kt pa by 2012

Newcrest resource & reserve estimates as at 30 June 2008For details refer to the Newcrest 2008 Annual Report

Gold Mineral Resource 28.0MozOre Reserve 15.8Moz

CopperMineral Resource 5.57MtOre Reserve 2.68Mt

12

Telfer

13

Operational Improvement Focus at Telfer

Asset utilisation focus– Underground hoisting increased

20%*– Mill utilisation improved more than

10%* with June 2009 achieving a record of 99.1%

Mill Recovery Program– Based on flat grade profile

• Gold recovery increased 8%*• Copper recovery increased

10%*

Mill UtilisationJanuary 2008 to June 2009

65

70

75

80

85

90

95

100

0 2 4 6 8 10 12 14 16 18

Months

Mill

Util

isat

ion

%

Monthly Mill Utilisation Trend Line

* Since January 2008

14

Cost Reduction –

Telfer

400

600

800

1000

Dec 08 Mar 09 Jun 09

A$/oz

Gross Unit Cash Costs -

▼34%

690

908

599

Gross Cash Costs are prior to stripping and ore inventory adjustments

Gross cash costs pre by product credits declined 17% from December 08 to June 09

Cost reduction programs have reduced Telfer’s cash costs to the mid point of the global gold industry

FY09 cost reduction program focusing on:

Reducing on-site labour by natural attrition

Power station operating strategy

Improved maintenance profile

Reduced consumable consumption

Cost reduction program to continue in FY10

15

Telfer regional focus

Schematic Long SectionTelfer Regional

Looking West

0 3 km

O’Callaghan’s

15 km10 kmTelfer Operations

CampDome

Shaft

WestDome

Pit

MainDome

Pit

TelferDeeps

West DomeDeeps

Extensionpotential

VerticalStockworkCorridor

3

Camp Dome• Oxide anomaly near surface• Expect to start drilling a large (50-100Mt)

primary sulphide Cu Exploration Target in June Q4 09

O’Callaghan’s• Exploration Target 40-60 Mt @ 0.2 –

0.3% WO3 , +Cu Pb Zn Mo• Remaining 50% of target to be drilled

Vertical Stockwork

Corridor (VSC)• Exploration Target 18-22 Mt @ 0.8 –

1.5g/t Au & 0.25 – 0.35% Cu• Grades appear to be increasing at depth

West Dome Deeps• Exploration Target is a repeat of the

Main Dome Telfer Deeps System• Drilling ongoing to confirm this target

16

Gosowong

17

Operations -

Gosowong

Successful operation of Vertimill– 5% increase in gold recovery– Over 20% increase in mill

throughput since commissioning in early May 09

Owner mining commenced 1 July 09– Reduce mining costs– Improve operational

efficiencies

30

35

40

45

50

55

60

65

70

1-Apr-09 25-Apr-09 19-May-09 12-Jun-09 6-Jul-09

Mill

ing

Rat

e (tp

h)

80

85

90

95

100

Gol

d R

ecov

ery

(%)

Daily Mill Throughput & Gold Recovery

Throughput (tph) Gold Recovery (%)

18

Cost Reduction –

GosowongUS$ Unit Cash Cost -

▼ 20%

A$ Unit Cash Cost -

▼ 29%

296280

238

200

250

300

350

Dec 08 Mar 09 Jun 09USD Total Cash Costs

US$/oz

440 422

314

200

250

300

350

400

450

500

Dec 08 Mar 09 Jun 09

AUD Total Cash Costs

A$/oz

Significant cost reduction in FY09– Modifying mining method– Centralised Administration– Ongoing mine & mill

optimisation

In FY10 expect to see further cost reductions

– Implementation of owner mining

– Continued mine & mill optimisations

19

Gosowong

Expansion Project

Increased gold production targeting 450,000oz per annumOre Reserve 2.3Moz & Mineral Resource 2.7Moz (Kencana) Successful commissioning of vertimill in May 09Capital spend around US$200M to completion

K1 (existing) K2 & K Link (expansion)

IRR > 50%(on current

reserves)

Newcrest Resource & Reserve estimates as at 30 June 2008 For details refer to the Newcrest 2008 Annual Report

20

Gosowong

Identified two distinct mineralised corridors

5 million ounces discovered to date(1)

High grade epithermal gold field ~ 30g/t

6 drill rigs currently operating in province

Current focus of exploration is at ToguraciNorth

MINERALISED CORRIDOR

MINERALISED CORRIDOR

Toguraci

North

Toguraci

North

ToguraciPit

ToguraciPit

GosowongPit

GosowongPit

KencanaKencana

(1) Metal inventory estimate from life of mine production and Mineral Resources as of 30 June 2008.For details refer to the Newcrest 2008 Annual Report

21

Porphyry Belt

Mining Locations

Papua New Guinea Joint Venture

New Britain

LaeAureFLY PLATFORMTrough

Lihir

Port Moresby

Madang

Lae

Grasberg

LihirPorgera

OK Tedi

PNG JV Projects

22

Morobe PNG Province

PapuaNew

Guinea

Bulolo

Lae

N

S

EW

0 25 50kilometres

Hidden Valley project

Wafi/Golpu project

Morobe Coast project

Kesiago

Biamena

Hamata Yafo

Hidden Valley

Wafi-GolpuNambonga

23

Hidden Valley

Completed 50% earn-in for US$526M during June 09 Quarter

Project on schedule – Construction is 87% complete

Project milestone achieved on schedule with first gold pour in late June 09

– Initial production of 250koz pa

Mine & mill expansion project in pre-feasibility. Production estimated to expand to:

– Over 300koz pa during 2010– Over 400koz pa during 2012 Hidden Valley Processing Plant

24

Hidden Valley Progress

First Ore from Primary Crusher First Gold Pour

25

Wafi Golpu Province

CentralCore

Western Zone

Kesiago

Hesson

Creek

MiapiliNambonga

North

0 500 m

Resource

Legend

Prospect

Target

Wafi

Resource (1)

103Mt @ 1.88 g/t

Au6.2 Moz Au

Golpu Resource (1)

163Mt @ 0.57 g/t Au, 1.08% Cu3.0 Moz Au, 1.76 Mt Cu

Ghavembu

A

B

C

Highly mineralised district

Largely under explored outside known Resources

Golpu Resource remains open at depth

Major Targets are:– Golpu Deeps– Northern Margin of

Central Core– Kesiago

Golpu pre-concept development

– block cave – small open pit

A

B

C

(1) Harmony Gold Mining Company Limited. JORC compliant estimate as at 30 June 2008. For details refer Harmony website.

26

Namosi

Viti Levu

Waivaka

Waisoi EastWaisoi WestWaisoi

0 2.5 5

kilometres

Completed 65% earn-in for A$21.5M in June 09 Quarter

Newcrest accepted transfer of additional 4.94% interest (subject to Fiji Government approval)

Contains large gold, copper porphyry deposit

27

Fiji –

Namosi -

Waivaka

Newcrest drilling of prospect commenced in June Quarter

First deep hole in eastern part of mineralised system

New zone of high grade copper mineralisation discovered

Mineralisation remains open in all directions

Future drilling will test extent of this mineralisation

Earlier drill hole

28

Leonora

Yilgangi JV

Kalgoorlie100km

WesternAustralia

MapArea

Perth

N

80% Newcrest & 20% Jindalee Resources

Project located 130km NE of Kalgoorlie

Newcrest has defined anExploration Target (12 – 17Mt @ 0.5 – 1.0 g/t Au)at the Hobbes Prospect in2008

Testing of new drill targetsto commence in September 09quarter.

Yilgangi

Exploration Joint Venture

Darlot

Mt Pleasant

Victory/DefianceMt Charlotte/Golden Mile

Norseman

Agnew/Lawlers

Wallaby

Bronzewing

Kanowna

Belle

Sunrise Dam

Carosue

Dam

Granite RocksGreenstones

Archaean

Deposits > 1 MozDeposits > 3 Moz

>3Moz Mining Camps

29

Sustainable Growth

Gosowong

-

Rehabilitation

30

Low Cost Successful Explorer

Source: Metals Economics Group, Halifax, Nova Scotia, 2009

Major Gold Producer Discoveries 1997 -

2008

0

5

10

15

20

25

Newcrest Average of successful explorers* Average of all major gold producers*0

5

10

15

20

25

30

35

Attributable ounces discovered (million oz) Discovery Cost (US$/oz)

Million oz US$/oz

21.5Moz

$12.72/oz

15.9Moz

4.0Moz

$17.22/oz

$31.94/oz

* Excluding Newcrest

31

Project Portfolio Doubled

+= Pre 2008 = Now

32

Gold production to increase 40% over 5 years

1.63Moz

2.30Moz

FY2009 FY2014

15 %

5 %

5 %

5 %

5 %

Hidden ValleyGosowong

Hidden ValleyCVO

Ridgeway Deeps Cadia East

Hidden ValleyCadia East

TelferCadia East

5 year Copper production to increase 30% from FY2009. Total copper to exceed 100,000t pa from FY2013.

Excludes future production from the following internal opportunities :

Wafi/Golpu, O’Callaghans, Namosi, Camp Dome, Gosowong 2 Vertical Stockwork

Corridor, West Dome Deeps, Marsden.

33

Cash Cost per ounce down 30%R

elat

ive

$/oz

B

ase

Year

FY2

009

40

60

80

100

120

FY2009 FY2010 FY2011 FY2012 FY2013 FY2014

US$ @AUD:USD 0.75

US$ @ AUD:USD 0.65

A$ (Cu Price: FY10 =A$2.50/lb; FY11 – FY14 = A$3.00/lb)

Increased Au prod. with improved costs offset by slight drop in Cu

The additional effect of Cadia East commencing

34

Company operating cost drivers

Newcrest will improve our position on cost curve over next 5 years

Key drivers to achieve this include:

– Introduction of new mines with lower operating costs

– Application of technology

– Implementation of business improvement and cost reduction projects

– Incremental and step change opportunities

– Operations team 100% focus on delivery

35

Investment case for Newcrest

Multiple operations, geographic diversity

Real project and operational mining capability

Large metal inventory, long life assets

Low cost operations, strong cashflow

Multiple growth options (40% production growth in 5 years)

Strong balance sheet