Newcrest Mining Limited has announced it will proceed with the West Dome Stage 8 cutback at its Telfer operation, following Newcrest Board approval of a total investment of $214 million inclusive of mine operating costs and $73 million of capitalised production stripping.
The cutback underpins continuity of operations at Telfer, with the mine now expected to extend operations into early FY25.
The cutback is located adjacent to the current West Dome Stage 2 and West Dome Stage 5 pits, with first ore production expected in the December 2022 quarter.
Newcrest Managing Director and Chief Executive Officer, Sandeep Biswas, said, “We are delighted to further extend the life of our Telfer operation, highlighting our ability to maximise the full potential of our assets through our strong technical expertise.
“Telfer is strategically positioned in the highly prospective Paterson Province and we are continuing to progress several potential options to expand the resource base in the open pits and underground to unlock additional value.”
