D003-2 NEWCREST MINING LIMITED (Newcrest Operations Limited) EL9/2005 Red Hills Annual Report for the Period 1/7/2006 to 30/5 2007 Compiled by: Joel Kitto June 2007 SUMMARY Newcrest Mining Limited commenced exploration for gold rich deposits at Red Hills, on being granted EL9/2005 on the 1st July 2005. The tenement encompasses 8 km2 of prospective Mount Read Volcanics approximately 1 km to the east of the Henty gold mine from 3 km south west of Mt Murchison down to approximately 1 km to the north of Lake Westwood. Exploration in this second year of work focused on drilling underneath known anomalous stratigraphy, which has been tested by previous exploration companies at only relatively shallow levels. A total of two diamond drill holes, (NCT009 – NCT010) were completed for 1,099.7 m. Soil and rockchip sampling was also completed. Work planned for the third year of exploration will focus on target generation with limited geological, geochemical and/or geophysical surveys to establish anomalies and to refine targets generated from the surveys conducted during this reporting period, and from those of previous explorers. DIGITAL FILES EL9_2005_200705_01_Report.pdf (Report Text & Figure 1) EL9_2005_200605_02_Plans 1-5.pdf (Plans 1 to5) DIGITAL FILES (cont’d) EL9_2005_200605_03_Appendix1.txt (Diamond Drill Holes NCT009 & NCT010 – Collar Data) EL9_2005_200705_04_Appendix2.txt (Diamond Drill Holes NCT009 & NCT010 – Survey Data) EL9_2005_200705_05_Appendix3a.txt (Diamond Drill Hole NCT009 – Assay Data – Amdel) EL9_2005_200705_06_Appendix3b.txt (Diamond Drill Hole NCT010 – Assay Data – ALS) EL9_2005_200705_07_Appendix4a.txt (Diamond Drill Hole NCT009 & NCT010 – Lithology Logs - Digital) EL9_2005_200705_08_Appendix4b.pdf (Diamond Drill Holes NCT009 & NCT010 – Lithology Log Codes) EL9_2005_200705_09_Appendix4c.pdf (Diamond Drill Hole NCT009 – Lithology Logs - Scanned Paper Logs) EL9_2005_200705_10_Appendix4d.pdf (Diamond Drill Hole NCT010 – Lithology Logs - Scanned Paper Logs) EL9_2005_200705_11_Appendix4e.pdf (Diamond Drill Holes NCT009 & NCT010 – Summary Logs) EL9_2005_200705_12_Appendix4f.pdf (Diamond Drill Holes NCT009 & NCT0010 – Strip Logs) EL9_2005_200705_13_Appendix5.txt (Diamond Drill Holes NCT009 & NCT010 – Structure Orientation Data) EL9_2005_200705_14_Appendix6.txt (Diamond Drill Holes NCT009 & NCT010 – Magnetic Susceptibility Data) EL9_2005_200705_15_Appendix7.txt (Rock Chip Data) EL9_2005_200705_16_Appendix8.txt (Soil Sample Data) EL9_2005_200705_17_Appendix9.txt (Core Resampling Assay Data) EL9_2005_200705_18_File Verification.txt (File Verification Listing) Datum AMG - AGD66 Zone 55 Distribution Mineral Resources Tasmania Newcrest Mining Limited - S.E. Australia