Newcrest to expand Lihir for less

Australian gold producer Newcrest Mining on Monday reported that its board had approved the Lihir pit optimisation feasibility study, after a prefeasibility study (PFS) into a new plan proved viable. The purpose of the new PFS was to optimise the integrated life-of-mine plan for the Lihir operation, in Papua New Guinea, including different mine sequencing and ore scheduling options, the most appropriate mining methods and civil engineering options.