September 2011September 2011Quarterly Results

Greg RobinsonCEO & Managing Directorg g

DisclaimerForward Looking Statements

These materials include forward looking statements. Forward looking statements inherently involve subjective judgement and analysisand are subject to significant uncertainties, risks and contingencies, many of which are outside of the control of, and may be unknownto the company Actual results and developments may vary materially from those expressed in these materials The types ofto, the company. Actual results and developments may vary materially from those expressed in these materials. The types ofuncertainties which are relevant to the company may include, but are not limited to, commodity prices, political uncertainty, changes tothe 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 applicableflaw 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 suchstatement is based.

Ore Reserves and Mineral Resources Reporting Requirements

A A t li ith iti li t d th A t li S iti E h (“ASX”) N t i bj t t A t liAs an Australian company with securities listed on the Australian Securities Exchange (“ASX”), Newcrest is subject to Australiandisclosure 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 comply with 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”.

Competent Persons Statement

The information in this presentation that relates to Exploration Results is based on information compiled by Colin Moorhead, EGMMinerals for Newcrest Mining Limited who is a Fellow of The Australasian Institute of Mining and Metallurgy, and a full-time employee ofNewcrest Mining Limited. Mr Moorhead has sufficient experience which is relevant to the styles of mineralisation and types of depositsunder consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of theunder consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the“JORC Code”. Mr Moorhead consents to the inclusion in this presentation of the matters based on this information in the form andcontext in which they appear.

Exploration Target

The potential quantity and grade related to Exploration Targets in this report is conceptual in nature as there has been insufficient

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The potential quantity and grade related to Exploration Targets in this report 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.

September Quarter Key Points

Full year production and cost guidance maintainedFull year production and cost guidance maintained

Gold production 587,296 ounces

Copper production 19,228 tonnes

Cash margin increased by 19% to A$1 029 per ounce Cash margin increased by 19% to A$1,029 per ounce

– Realised gold price A$1,623 oz

– Cash costs A$594 oz

C di E t d Lihi MOPU j t i t k Cadia East and Lihir MOPU projects remain on track

Continued strong exploration results

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Operations

4

Operations – September Quarter

Cadia Valley– Consistent production (150koz) at lower cost– Increased gold production from Ridgeway

Lihir– Planned 14 day total plant shutdown extended to 19 daysPlanned 14 day total plant shutdown extended to 19 days– MOPU project equipment “tie-ins” undertaken– Heavy rainfall in September restricted access to Lienietz pit

TelferLower gold grade in the open pit from stage 7– Lower gold grade in the open pit from stage 7

– Scheduled plant shutdown for SAG mill reline– Preparation of stage 4 cutback and West Dome pit ongoing

5

p g p g g

Operations – September Quarter

Gosowong– Expected lower gold grade reflects lower percentage of K2 ore– Plant shut down and permit delays

Waste mo ement contin ed in Goso ong open pit– Waste movement continued in Gosowong open pit

Hidden Valleyy– Overland conveyor belt returned to operations during September– Increased silver production contributed to lower cash costs

Bonikro– Production returning to normal; lower unit cash costsProduction returning to normal; lower unit cash costs

Queensland Operations

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– Consistent production in line with plan

Strong Margins

Cash MarginA$/A$/oz1,750

1,250

1,500

750

1,000 A$1,029A$867A$886A$944A$850

250

500

0

Sep 2010 Dec 2010 Mar 2011 Jun 2011 Sep 2011

7Cash Margin Cash Cost

Cash Costs

Recent elevated costs moreQuarterly Cash Costs - A$M

(pre by-product credits) Recent elevated costs more activity than price driven– Telfer open pit stage 7

Bonikro operations600 

700 

(pre by product credits)

572534 – Bonikro operations

– Hidden Valley ore haulage– Plant shutdowns400 

500 484 484 503

534

Overall cost to plan, lower production due to shut downs200 

300 

Unit cash costs expected to decline as production increases

‐

100 

FY11 Q1 FY11 Q2 FY11Q3 FY11Q4 FY12 Q1over remainder of year

FY11 Q1 FY11 Q2 FY11 Q3 FY11 Q4 FY12 Q1

Total Cash Costs Mining (net of stripping)Ore Processing Site AdministrationRealisation &Ro alties

8

Realisation & Royalties

Projects

9

Cadia Valley

10

Cadia East

Capex committed A$1.7 billion

Cave development progressing to plan– >50% initial block hydrofractured

blast pre conditioning commenced– blast pre-conditioning commenced

1st conveyor belt commissioned (1.6kms)

All major flotation cells in place

11

Lihir “Million Ounce Plant Upgrade” (MOPU)

12

Lihir MOPU

Capex committed ~ US$1 billion

Construction team at peak numbers

Barge mounted power station in position Barge mounted power station in position

Project on track for Dec 2012 completion

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Exploration

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Exploration HighlightsWafi-Golpu Drilling to support future reserve upgrade continues Exploration drilling extends the system at depth

Gosowong First ore intersected in Toguraci

underground mine

Tandai

Gosowong

Lihir

Hidd

Manus Island

W fi G l

Mineralisation confirmed 600m north of Toguraci resource at Mantap 14 highly prospective regional exploration

targets identified

Lihir New zone of high grade

mineralisation identified at Kapit NE, confirming

Mt KasiNamosi

HiddenValley

Wafi-GolpuTandai and Manus IslandGrassroots exploration activities ongoing

mineralisation extends well beyond current resource

Telfer

Cadia ValleyMarsden

Cracow Mt Rawdon

Burkina FasoBurkina FasoMaliMali Burkina FasoMali

Namosi Potential for larger higher

grade system at depth Cadia Valley

YamoussoukroYamoussoukro

CÔTE D’IVOIRECÔTE D’IVOIRECÔTE D’IVOIRECÔTE D’IVOIRE

Yamoussoukro

CÔTE D’IVOIRECÔTE D’IVOIRETelfer Reef style mineralisation

intersected at West Dome 700m south of existing resources Drilling at Main Dome confirms

demonstrated at Wainualo

AbidjanAbidjanBonikroBonikro

LiberiaLiberia100 km100 km

AbidjanBonikro

Liberia100 km

Bonikro

extension of the VSC

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Mining Operation

Advanced Project

Greenfields Exploration

Bonikro Drill testing of the highly prospective 17,000km2

regional tenement package commenced Extensive in-ground exploration completed in the

Bonikro district with encouraging results

PNG, Lihir – Growth

New zone of high grade mineralisation identified

PLAN VIEW

Exploration2011 LIHIRDDHL1937 162 @ 2 7 /t A mineralisation identified

at Kapit NE

K it NEPacific

ExplorationTarget

DDHL1930 246m @ 4.7g/t AuDDHL1931 234m @ 4.6g/t AuDDHL1932 176m @ 3 6g/t Au2011 LIHIR

830 Mt @2.1 g/t Au

56Moz Au

RESOURCE(1) DDHL1937 162m @ 2.7g/t AuDDHL1938 112m @ 3.5g/t AuDDHL1942 164m @ 2.9g/t Au

Mineralisation confirmed 750 metres beyond the current

Kapit

Coastal

Kapit NE DDHL1932 176m @ 3.6g/t Au

400 Mt @2.4 g/t Au

31Moz Au

2011 LIHIRRESERVE(1)

DDHL1927154m @ 2.9g/t Au

yresource

Open towards the northLIHIRLienetz

Open towards the north and east

InferredResourceboundary

PLANT

Minifie

Drilling ongoing

1000 m

16 (1) Newcrest Annual Statement of Mineral Resources & Ore Reserves to June 30, 2011.

1000 m

PNG, Wafi-Golpu Project – Exploration Potential

Drilling to support future reserve PLAN VIEW WR315 (reported previously)

525m @ 0.34g/t Au, 0.08% Cu incl. 94m @ 0.8g/t Au, 0.2% Cu g pp

upgrade and pre-feasibility studies continues

OPEN MiapilliPorphyry

Latest drilling extends the system at depth

Porphyry

OPEN

- WR406(2) 861m @ 1.51g/t Au, 1.48% Cu including 199m @ 2.87g/t Au and 2.57% Cu from

21,000mN

NewGold Zone

Nambonga(1)

Golpu(1)

19.3Moz Au9.0Mt Cu

WR406

1286m

System remains openDiatreme

1.0Moz Au

WR406(2)

861m @ 1.51g/t Au, 1.48% Cu

System remains open

20,000mN

500

Wafi(1)

6.2Moz Au

17 (1) Newcrest Annual Statement of Mineral Resources & Ore Reserves to June 30, 2011. Resource figures quoted on 100% basis.(2) Incomplete intersection reported.

500 m 20,000mE * hole in progress

Indonesia, Gosowong – Toguraci Second Mining Front

First ore intersected in SCHEMATIC LONG SECTION(looking west) 2011 TOGURACI

RESOURCE(1)

Toguraci underground mine

1.3Mt @21g/t Au

0.9Moz AuPreviously MinedToguraci Pit

0 5M G ld

Mineralisation confirmed 600m north of Toguraci resource

0 m

0.5Moz GoldNTD017(reported Q4 FY11)3.6m @ 174g/t AuMantap

TSD0191.4m @ 69g/t Au

of Toguraci resource

Epithermal veins

ExplorationTarget-500 m

ExplorationTarget

NTD025

BOD0982.7m @ 11g/t Au

intersected south and west of Toguraci

NTD0252.4m @ 18g/t Au

High grade mineralisation500 m

3.0 kilometres

18 (1) Newcrest Annual Statement of Mineral Resources & Ore Reserves to June 30, 2011.

WA, Telfer – Brownfields Exploration

Reef style SCHEMATIC LONG SECTION(looking south west)

mineralisation intersected at West Dome 700m south

WRC179021m @ 9.4g/t Au,2m @ 10g/t Au & 1.3m @ 20g/t Au

Main Dome(1)

8.2Moz AuWest Dome(1)

6.0Moz AuPreviously

Mined

of open pit mining

Deeper drilling in

5200 mRL

Main DomeDecline

West Domedecline design Deeper drilling in

progress to testWest Dome Deeps

West DomeVSC(1)

Telfer Deeps(1)

2.5Moz Au

decline design

Drilling at Main Dome confirms extension of VSC

3200 mRL

VSCExploration

Target

West DomeExploration

TargetMUC16918 6m @ 1.2g/t Au & 0.16% CuMUC16920 8m @ 1.1g/t Au & 0.35% CuMUC16923 23m @ 0 7g/t Au & 0 26% Cu

1.3Moz Au

extension of VSCMUC16923 23m @ 0.7g/t Au & 0.26% Cu

1.0 km

19 (1) Newcrest Annual Statement of Mineral Resources & Ore Reserves to June 30, 2011.

Fiji, Namosi – 2nd Porphyry System at Waivaka

Drilling within the WaivakaPLAN VIEW 2011 WAISOI

RESOURCE(1)

2 2Bt @ Drilling within the Waivaka Corridor confirms continuity of higher grade mineralisation

PORPHYRYPORPHYRY

2.2Bt @0.33% Cu &0.11 g/t Au

7.3 Mt Cu7.4 Moz Au

Wainabama

Waisoi

Potential for larger higher grade system at depth demonstrated at

PORPHYRYPORPHYRYSYSTEMSYSTEM

system at depth demonstrated at Wainaulo

D illi t d W i l d

94Mt @0.72% Cu &0 12g/t Au

2011 WAINAULORESOURCE(1)

NVD037789 @ 0 41% C & 0 04 /t A

Waivaka West

Drilling to advance Wainaulo and additional Waivaka Corridor targets remains high priority

0.12g/t Au

670Kt Cu & 350Koz Au

789m @ 0.41% Cu & 0.04g/t AuIncl. 242m @ 0.74% Cu & 0.10g/t Au

Copper/gold

NavuaPacific Harbour

Suva

Viti Levu

FIJI

SPL1420

5 km

20 (1) Newcrest Annual Statement of Mineral Resources & Ore Reserves to June 30, 2011. Resource figures quoted on 100% basis.

pp gtarget area

Su a50 km

Côte d’Ivoire, Bonikro – Regional Exploration

Regional program commencedBurkina FasoBurkina FasoMaliMali

17,000 square kilometres of highly prospective ground

GuineaGuinea

Portfolio of high quality targets, drilling of the 17 kilometre long

Timbe / Bouake

Côte d’IvoireCôte d’IvoireGuineaGuinea

2011 BONIKRORESOURCE(1)

Mankano

Bouafle gold soil anomaly underway

Timbe / Bouake

Yamoussoukro

55Mt @1.2g/t Au

2.0Moz AuOume(1)

Bouafle

At Bonikro, extensive near mine exploration completed with encouraging intersectionsBonikro

LiberiaLiberia

GhanaGhana

Hire(1)

0.6Moz Au

0.2Moz Au

Côte with encouraging intersections drilled

AbidjanBonikroCôte

d’Ivoire

100 k

21 (1) Newcrest Annual Statement of Mineral Resources & Ore Reserves to June 30, 2011. Resource figures quoted on 100% basis.

AFRICA 100 km

Côte d’Ivoire, Bonikro – Near Mine Exploration

Large Gold system >3Moz discovered to

PLAN VIEW

2011 OUME >3Moz discovered to date within 20kms of process plant

5.6Mt @1.3g/t Au

0.2Moz Au

2011 OUMERESOURCE(1)

At Bonikro, extensive near mine exploration

BRRC139 3m @ 11g/t AuBRRC196 8m @ 1.5g/t Au

near mine exploration completed with encouraging intersections drilled

5.8Mt @3.1g/t Au

2011 HIRERESOURCE(1)

intersections drilled

Potential for additional BONIKRO

PLANT

0.6Moz Au

55Mt @1.2g/t Au

2011 BONIKRORESOURCE(1)

resources to the southPLANT

Anomalous surface gold geochemistry 5 km

2.0Moz Au

22 (1) Newcrest Annual Statement of Mineral Resources & Ore Reserves to June 30, 2011. Resource figures quoted on 100% basis.

Anomalous surface gold geochemistry 5

Other Items

Divestment of Cracow & Mt Rawdon– Proposed purchase approved by Catalpa & Conquest shareholders– All other conditions satisfied or waived– Sale completion expected early November 2011– Sale completion expected early November 2011– Preparation for transition of assets well underway

Credit Ratings established - access to longer term US debt markets– BBB+ stable outlook from S&P– Baa2 stable outlook from Moody’sBaa2 stable outlook from Moody s

Bilateral debt facilities increased to US$2 billion– Facility increased with existing eight relationship banks– US$1.4 billion remains undrawn (September 2011)

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Appendix: Production Summary – Sept Quarter

Tonnes Mill d

Gold G d

Copper G d

Gold P d ti

Copper ProductionMilled

(000’s)Grade (g/t)

Grade (%)

Production (oz)

Production(t)

Cadia Valley 5,483 1.05 0.24 150,277 11,763

Telfer 5,215 0.98 0.18 137,229 7,465

Lihir 1,229 4.35 - 134,685 -

Gosowong 128 19.84 - 79,798 -

Hidden Valley (50%) 415 2.11 - 25,461 -

Bonikro 436 1.73 - 22,740 -

Mt Rawdon 886 0.78 - 18,551 -

C (70%) 93 6 75 18 555Cracow (70%) 93 6.75 - 18,555 -

Sept 2011 Quarter 13,885 1.56 0.21 587,296 19,228

Jun 2011 Quarter 14 139 1 82 0 23 700 124 20 127

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Jun 2011 Quarter 14,139 1.82 0.23 700,124 20,127