Name and Location
Wafi-Golpu exploration project, Morobe province, Papua New Guinea.

Client
The project is owned by the Wafi-Golpu unincorporated joint venture (JV) between subsidiaries of Newcrest (50%) and Harmony Gold Mining Company (50%).

Project Description
The Wafi-Golpu project includes the Golpu copper/gold porphyry deposit, the Nambonga copper/gold porphyry deposit and the Wafi high-sulphidation epithermal gold deposit.

The project had mineral resources estimated to contain 28.5-million ounces of gold, 9.1-million tonnes of copper and 50.6-million ounces of silver as at December 31, 2012.

Value
Not stated.

Duration
Not stated.

Latest Developments
Harmony and Newcrest plan to complete a feasibility study to evaluate an underground exploration programme for the Wafi-Golpu project.

This phase of work requires a feasibility study on an exploration shaft and associated underground staging platforms to complete deep underground drilling and bulk sampling of the orebody.

Underground access to the orebody through the exploration shaft will generate the essential orebody knowledge required to support a future development decision. Geotechnical drilling to identify a suitable exploration shaft location has started.

WorleyParsonsTWP has been contracted to prepare the feasibility study for the proposed exploration shaft for consideration and approval by the JV partners.

The contract includes a review of an associated lower capital-expenditure development option for the Golpu deposit to underpin the commercial decision to sink an exploration shaft.

A final investment decision for the proposed exploration shaft is expected in the second half of the 2014.

Key Contracts and Suppliers
WorleyParsonsTWP (feasibility study).

On Budget and on Time?
None stated.

Contact Details for Project Information
Newcrest, tel +61 3 9522 5333, fax +61 3 9525 2996 or email corporateaffairs@newcrest.com.au.
Harmony Gold Mining Company investor relations manager Henrika Basterfield, tel +27 11 411 2314 or
email henrika@harmony.co.za.