The miner said the report supports the deposit’s robust project economics including an NPV5% of C$236 million and IRR of 30% at $1,500-ounce gold.

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The latest intercepts indicate a “large zoned and significantly enriched copper-gold envelope at Gate,” which would be typical for porphyry-hosted mineralization, the company said.

Around a third of Newcrest’s shareholders are based in North America.

The Canadian Mining Hall of Fame will welcome five new members at its July 2021 gala dinner and induction ceremony in Toronto.

The company says the new property shares similar characteristics with Great Bear's Dixie project.

Total measured and indicate resources now stand at 657 million tonnes grading 0.26% nickel for 1.7 million tonnes of contained nickel, a 9% increase from the previous estimate.