Newcrest Mining Limited (ASX: NCM) is all set to execute the expansion plan at the Cadia gold mine, which could potentially offset the falling grades at the prospect. The Cadia Expansion Project has two stages. The company’s Board has approved the stage 1.
- The first stage includes the commencement of the next cave development (PC2-3) along with an increase in the nameplate capacity of the process plant to 33 million tonnes per annum.
- The second stage, which would include a Feasibility Study, would focus on increasing the processing capacity to 35 million tonnes per annum.
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