Newcrest Mining (ASX:NCM)
has approved $146 million for the construction of the box cut, exploration decline and associated surface infrastructure at the Havieron Project in Western Australia.
The Havieron Project is a joint venture with Greatland Gold plc.
Newcrest has received the necessary regulatory approvals to start the key early works activities.
They recently entered into a Loan Agreement which will provide Greatland Gold with access to loan facilities totalling US$50 million.
Shares in Newcrest Mining (ASX:NCM)
are trading 0.1 per cent higher at $26.16.