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Exploration History




                                                                                               Newcrest acquired tenement coverage to the northeast of Telfer

         1990’s   Early Newcrest Exploration                                                   covering the Havieron bullseye anomaly in October 1990.




                                                                                                                 53020      Observed                   Newcrest
                                                                                                                            Modelled               Ground Magnetics
                                                                                                               Magnetic Anomaly (nT)  52960              1991
                                                                                                                 53000
                                                                                                                                                       Modelling
                                                                                                                 52980



                                                                                                                 52940

                                                                                                                 52920
                                                                                                                    400      800      1200     1600     2000     2400
                                                                                                                    0
                                                                                                                                              ~400m depth to
                                                                                                                                              magnetic source
                                                                                                               Depth  -400




        HAC9101: 30.6 m at 1.0 g/t Au and
       0.28 % Cu from 438.8 m including 1.0                                                                       -800
       m at 14.7 g/t Au from 441 m and 1.5 m
           at 5.3 g/t Au from 452.0 m
                                                                                               Chalcopyrite-pyrite-pyrrhotite mineralisation was found immediately below
                                                                                               420m of cover – replacements, vein and breccia infill.

                                                                                               Up to 14.7 g/t Au was found associated with pyrrhotite-quartz-
                                                                                               carbonate and associated actinolite-biotite – observed metal
                                                                                               association +1 g/t Au, +0.1 % Cu and +100’s ppm Bi        1


          1 Russell, P.J. 1997.  Summary of Exploration 1990 - 1996 Havieron Prospect ML 45/605 (Anketell Project) Telfer District.  Newcrest Mining Ltd. Internal Report No. ANK30/1195/97.
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