Slide 1: The Value of Partnerships
BARRICK TANZANIA wi es—‘i—sCS™ The Value of Partnerships Minerals Corporation Limited @] c partnership between Barrick Gold Corporation fi and the Government of Tanzania
Slide 2: Cautionary Statement on Forward-Looking Information
Cautionary Statement on Forward-Looking Information Certain information contained or incorporated by reference in this presentation, including any information as to our strategy, projects, plans or future financial or operating performance, constitutes “forward-looking statements”. All statements, o
Slide 3: Our Global Presence
Our Global Best portfolio of Tier One1 gold assets and Presence doubling copper exposure by 2029i Donlin Geographical (50%) CANADA distribution of 2023 Loulo- gold production Fourmile 100% USA Hemlo Gounkoto 80% 100% PAKISTAN Pueblo Viejo JAPAN NGM (61.5%) Reko Diq 50% 60% EGYPT Turquoise Ridge DOMI
Slide 4: Key Milestones
Key Milestones 2024 Q3 2021 H2 Buly: Special Mining Gold Price US$/oz Bulyanhulu (Buly) License renewed – 25yrs. 25km conversion - 1,235 km2 added to 2,500 exploration portfolio drilling added 2021 H1 - Start the Upper West 1.1Moz of reserve North Mara Box cut to bring (NM) NM: Successfully operatio
Slide 5: Q3 Highlights: Delivering on our business plan
Q3 Highlights Delivering on our business plan North Mara On track to achieve Q3 and annual gold production target Early start of Gokona cutback for 2025 production flexibility Commissioned the West Surface ventilation fan in Gokona Underground to allow expansion of Gokona pit Successfully completed
Slide 6: Q3 Highlights: Delivering on our business plan
Q3 Highlights Delivering on our business plan Twiga 14th TEITI report published in June 2024 confirmed Barrick Tanzania mining companies contributed 51% of government revenue from the extractive industry, the largest single entity contributor to the economy Human Rights and Good Governance Commissio
Slide 7: Journey to Zero
Journey to Zero Operations proactively focused on the reduction of mobile equipment incidents Roll-out of the Barrick Fatal Risk Standards on track Operations started with a Gap assessment against the minimum requirements from the fatal risk standards and physical conditions. Actions plans being dev
Slide 8: Safety
Safety…continuing our Journey to Zero Safety TWIGA operations remain Lost Time Injury free YTD TWIGA TRIFR3 2.5 LTIFR 3 YTD is 0.00 Reduction in Total Recordable Incidents from 24 to 17 1.99 YTD in Q3 2 1.82 Critical control verification rolled out to all operations 1.48 1.5 1.39 Verification of cri
Slide 9: Health
Health Health Malaria Malaria elimination program is being implemented with expansion of the vector control scope Entomological surveillance provides critical information on vectors for appropriate malaria vector control Community malaria program was reinforced Awareness enhanced with behavioral cha
Slide 10: North Mara Operational Performance
North Mara Operational Performance Mining Increase in production quarter on quarter NM Total UG Tonnes Mined (kt)i 600 Improvements in open cast mining driven by improved efficiencies (payload) and cycle times after the completion of 500 Nyabigena PAF dump in Q2 Underground mining output has remaine
Slide 11: North Mara exploration framework and targeting
North Mara exploration framework and targeting Planned framework drilling and RCv program Planned geophysics and framework geophysics to develop knowledge establishing target drilling increasing knowledge of new opportunities consolidation Framework drilling programs and multiple geophysical surveys
Slide 12: Bulyanhulu Operational Performance
Bulyanhulu Operational Performance Underground Mining Bulyanhulu Total Tonnes Processed (kt) On track to complete Upper West Box cut to bring operational 300 flexibility 280 Two additional tele-remote chairs installed and commissioned, to improve flexibility and productivity 260 Conversion drilling
Slide 13: Bulyanhulu Gold Mine
Bulyanhulu Gold Mine Growth and creating operation flexibility Upper West January 2024 Upper West September 2024 The Upper West Box cut tracking at 78% at the end of September Blasting commenced successfully mid-September 13
Slide 14: Bulyanhulu exploration inlier drilling beneath cover
Bulyanhulu Exploration inlier drilling beneath cover Barrick Deposit Suppressive Cover Aircore (AC) geochemical and geology Barrick Licence framework drilling, exploring potential Non-Barrick Licence for blind satellite opportunities G3 Granitoids Targeted diamond drilling exploring untested extensi
Slide 15: Environmental management
Environmental management Buzwagi - Rehabilitation North Mara - Water Management TSF Operation and Management Tailings Storage Facility (TSF) Construction of new leachate pond to Bulyanhulu Mine was granted a permit rehabilitation completed, closure manage leachate water at the Gena to construct and
Slide 16: Overall economic contribution since Barrick assumed operational control in 2019
Overall economic contribution since Barrick assumed operational control in 2019 Total In-country Investment Q3 2024 - Total local spend at 2019 – Q3 2024 82% and Indigenous company2 spend Dividend at 74% (34% in 2019 when Barrick assumed $158m operational control) 4% Taxes, Royalties, 597 Indigenous
Slide 17: Q3 2024 local content update
Q3 2024 local content update Key Achievements Ongoing Initiatives At September 2024, total local spend was at 82% and Preparations for Second Phase of Local Business Development indigenous company2 spend at 74%, exceeding annual target Program in progress of 61% Continued engagement with local suppl
Slide 18: Commitment to local employment
Commitment to local employment Composition of Employees and Contractors Expat Contractors Key Achievements: 2% 96% Tanzanian workforce – 59% hired from communities surrounding the operating mines Senior management of the Mines are Tanzanian Female employees make up 11% of total 5,944 headcount Natio
Slide 19: Barrick Academy at Buzwagi Special Economic Zone
Barrick Academy at Buzwagi Special Economic Zone The Barrick Academy was inaugurated by the Minister of Minerals on 18 March 2024 at the closed Buzwagi mine The academy is for Barrick employees and contractors from Africa and Middle East region, and is expected to train more than 2,000 foremen, supe
Slide 20: Supporting our communities since 2019
Supporting our communities since 2019 Others Economic (Community Development engagement) 8% 5% Roads Infrastructure 24% Engagement with Human Rights Nundu Dispensary NGOs $15.6m Water & Power Projects 4% Education 37% Health 21% Charities and Donation to Schoolgirls Genkuru Health Centre - Maternity
Slide 21: Barrick - Twiga Future Forward Education Program
Barrick - Twiga Future Forward Education Program First tranche (US$10m) Implementation of first tranche is at 100% completion Project started in July 2023 covering 64 schools – 396 classroom; 97 dormitories and 600 ablution blocks All infrastructure branded (Funded by Barrick – Twiga) Second & Third
Slide 22: Some of the infrastructure funded under Tranche 1
Some of the infrastructure funded under Tranche 1 22
Slide 23: Supporting National Infrastructure
Supporting National Infrastructure Kahama – Kakola 73km to tarmac road Committed to spend up to US$40m Upgrading the 73km road to Bitumem standards From Kahama to Bulyanhulu Junction The upgrade includes: o Road drainage o Earthworks o Pavement Layers o Asphalt Pavements and Seals (Bitumen and Concr
Slide 24: Supporting national infrastructure
Supporting national infrastructure German road in Tarime – 45km to gravel level Committed to spend up to US$4.9M Upgrading the 45km road from Nyamongo to Komaswa Upgrade includes: o Road drainage o Earthworks o Structures – i.e. pipe, culverts and Before Upgrade bridges The Project Implementation Im
Slide 25: Supporting national infrastructure
Supporting national infrastructure Malenge Irrigation Scheme part of Buzwagi mine closure 500Mt warehouse and processing facility Part of 50Tonnes/Day rice processing Dam is filled approx. 1.5 million m3 facility 1.2km dam and farms 25
Slide 26: Strengthening our Social License
Strengthening our Social License Through community-wide social cohesion initiatives 2024 Mahusiano Cup 2024 Friends of North Mara back to Press Club and Human Right NGOs School Bonanza Tournaments held every year with teams from Hosted Mara Press Club at North Mara villages surrounding North Mara an
Slide 27: Endnotes
Technical Information The scientific and technical information contained in this presentation has been reviewed and approved by Richard Peattie, MPhil, FAusIMM, Mineral Resources Manager: Africa and Middle East; Simon Bottoms, CGeol, MGeol, FGS, FAusIMM, Mineral Resource Management and Evaluation Ex
Slide 28: Appendix A – Assumptions/Outlook
Appendix A – Assumptions/Outlook 28
Slide 29: Appendix B – North Mara Historical Total Mineral Reserves
Appendix B – North Mara Historical Total Mineral Reservesi Proven Probable Total Based on 100% Basis Tonnes Grade Contained ozs Tonnes Grade Contained ozs Tonnes Grade Contained ozs Year Gold Price Assumption Project (Mt) (gm/t) (Moz) (Mt) (gm/t) (Moz) (Mt) (gm/t) (Moz) 2019 $1,200/oz North Mara 1.3
Slide 30: Appendix C – Bulyanhulu Historical Total Mineral Reserves
Appendix C – Bulyanhulu Historical Total Mineral Reservesi Proven Probable Total Tonnes Grad Tonnes Grad Tonnes Grad Based on 100% Basis e Contained ozs e Contained ozs e Contained ozs Year Gold Price Assumption Project (Mt) (gm/t) (Moz) (Mt) (gm/t) (Moz) (Mt) (gm/t) (Moz) 2019 $1,200/oz Bulyanhulu