Newcrest and Harmony Gold Mining Company Limited (Harmony) each currently own 50% of the Wafi-Golpu Project through the Wafi-Golpu Joint Venture (WGJV).
The Wafi-Golpu Project is an advanced exploration project located in the Morobe Province of Papua New Guinea, 65 kilometres south-west of Lae City, and 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).
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.