Our Assets

Wafi-Golpu

Ownership
50% Newcrest
Metals
Gold and Copper
Location
65kms from the city of Lae, PNG
Wafi-Golpu is an advanced exploration project
in PNG currently in the permitting phase.
5.5moz
Ore Reserve Gold
2.5mt
Ore Reserve Copper*
13moz
Mineral Reserve Gold
4.4mt
Mineral Reserve Copper*

The WGJV has applied for a Special Mining Lease for the Wafi-Golpu Project and has submitted an Environment Impact Statement to the PNG Government that is undergoing a regulatory review process. 

Deep drilling has identified a world class copper-gold porphyry deposit at Wafi-Golpu (the Golpu deposit) suited to bulk underground mining techniques, similar to Newcrest’s Cadia operations in Australia. 

*The figures represent Newcrest’s 50% share of the Mineral Resource (inclusive of Golpu, Wafi and Nambonga deposits) and Ore Reserve (Golpu) 

Wafi Golpu - village
Wafi Golpu - village
Wafi Golpu - landscape
Wafi Golpu - landscape
Wafi Golpu - landscape
 

Growth opportunities

The Wafi-Golpu Project includes the Golpu copper-gold porphyry deposit, the Nambonga copper-gold porphyry deposit and the Wafi high sulfidation epithermal gold deposit. Exploration activity to date has shown that the Wafi-Golpu tenements host one of the highest-grade porphyry copper systems in south-east Asia (the Golpu deposit).

Sustainability and community

If developed the Wafi-Golpu Project has the potential to make a significant economic and social contribution to Papua New Guinea over a long period. Newcrest’s ongoing commitment to PNG is to develop and operate the Wafi-Golpu Project in a way that is economically viable, environmentally responsible and socially acceptable. 

The WGJV Environmental Impact Statement details the potential social, cultural and environmental impacts of developing and operating the Wafi-Golpu Project, together with proposed management and mitigation planning. The Environmental Impact Statement can be found on the WGJV web page.