News
Caterpillar contact:
Tiffany Heikkila
Global Government & Corporate Affairs
832-573-0958
tiffany.heikkila@cat.com
FOR IMMEDIATE RELEASE

Caterpillar Successfully Demonstrates to Newmont its Expanding Portfolio ofSustainable Underground Solutions and Technologies
IRVING, Texas, Dec. 19, 2023 – Caterpillar Inc. (NYSE: CAT) has successfully demonstrated
its first battery electric prototype underground mining truck, growing its portfolio of battery
electric and semi-autonomous technology for underground mining applications. The
demonstration for Newmont and other industry leaders, at the company’s proving ground in
Tasmania, Australia, comes on the heels of the 793 battery electric prototype surface mining
truck, which was unveiled in November of 2022.

Caterpillar developed its first battery electric prototype underground mining truck with voice ofcustomer input and support from Newmont Corporation. The companies are collaborating toachieve Newmont’s vision of a fully connected, automated, zero carbon emitting, end-to-end
mining system.
“This milestone is a reflection of the partnership between our teams at Newmont and Caterpillar,
showcasing the impact of strong collaboration in the mining industry,” said Rob Atkinson,executive vice president, Newmont. “Achieving this milestone together, combining capabilities
and shared values, is a testament to the strength of our strategic alliance.”
This battery electric truck will complete Caterpillar’s first fully electric underground load andhaul solution when paired with the commercially available R1700 XE battery electric loader.

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Caterpillar: Confidential Green

-2-Denise Johnson, Caterpillar’s Resource Industries group president said, “This is a milestone forthe entire Caterpillar team as we work closer than ever with Newmont to provide moresustainable choices for the underground mining industry.”

Caterpillar also completed a demonstration of its growing autonomy and automation capabilities.
This technology addresses some of the key safety challenges faced daily by our undergroundcustomers, like the risk of collision when moving heavy machinery through dark, cramped
spaces. Autonomous trucks can help to enhance mine site safety by removing operators frompotentially hazardous or remote sites. Additionally, these features can improve productivity bycreating increased visibility for mine site coordinators, enabling more consistent operations forboth staffed and autonomous machines.
Johnson added, “We are building on our foundation of industry-leading autonomous solutions
for surface operations, along with our deep experience in underground technology, to provide
significant improvement in both productivity and safety for underground mining customers.”
This demonstration is the latest example of Caterpillar’s progress, developing more sustainable
offerings for the mining industry, both on the surface and underground.

###About Caterpillar
With 2022 sales and revenues of $59.4 billion, Caterpillar Inc. is the world’s leading
manufacturer of construction and mining equipment, off-highway diesel and natural gas engines,
industrial gas turbines and diesel-electric locomotives. For nearly 100 years, we’ve been helping
customers build a better, more sustainable world and are committed and contributing to a
reduced-carbon future. Our innovative products and services, backed by our global dealer
network, provide exceptional value that helps customers succeed. Caterpillar does business on
every continent, principally operating through three primary segments – Construction Industries,Resource Industries and Energy & Transportation – and providing financing and related services
through our Financial Products segment. Visit us at caterpillar.com or join the conversation on
our social media channels at caterpillar.com/en/news/socialmedia.html.

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-3About Newmont
Newmont is the world’s leading gold company and a producer of copper, zinc, lead, and silver.
The Company’s world-class portfolio of assets, prospects and talent is anchored in favorable
mining jurisdictions in Africa, Australia, Latin America & Caribbean, North America, and Papua
New Guinea. Newmont is the only gold producer listed in the S&P 500 Index and is widely
recognized for its principled environmental, social, and governance practices. The Company is
an industry leader in value creation, supported by robust safety standards, superior execution,and technical expertise. Newmont was founded in 1921 and has been publicly traded since1925.
At Newmont, our purpose is to create value and improve lives through sustainable andresponsible mining. To learn more about Newmont’s sustainability strategy and initiatives, go towww.newmont.com.

Caterpillar Public Release#