B2gold Corp. · TSX:BTO
B2gold — Denver Gold Show 2009
29 slides from B2gold's conference presentation, September 2009
Slide 1: B2Gold Corp. Denver Gold Show September 2009
B2Gold Corp. Denver Gold Show September 2009 12 1
Slide 2: Cautionary Statement
Cautionary Statement Some of the statements contained in this presentation are forward-looking statements, such as estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result
Slide 3: About B2Gold Corp.
About B2Gold Corp. B2Gold is a Vancouver based gold producer founded in 2007 by the former management team of Bema Gold Corporation Bema Gold was acquired by Kinross Gold Corporation, through a Cdn$3.5 billion transaction in February 2007 B2Gold completed a Cdn$100 million Initial Public Offer
Slide 4: B2Gold Share Capital
B2Gold Share Capital Ownership Breakdown Million Shares (1) (% Basic) Total Shares Issued and Outstanding 282.3 Directors, Management, Employees (1) 56.7 20.5% AngloGold Ashanti 25.5 9.0% Kinross 12.7 4.5% Warrants (2) 41.1 Employee Stock Options 22.7 Total Shares Fully Diluted 346.1 Market Capitali
Slide 5: B2Gold Project Locations
B2Gold Project Locations Northeastern Russian Projects @ Kupol East & West _/ /<@ Orosi Mine ; “ey @ La India - EW <Y - st ‘. Mestiza Project’): @ Gramalote @ Quebradona @Mocoa @ Production and Development Projects @ Exploration Projects
Slide 6: Nicaragua
Nicaragua > B2GOLD ;
Slide 7: Mining in Nicaragua
Mining in Nicaragua Long mining history Largest country in Central America Population 5.8 million (est. July 2008) Excellent modern infrastructure Easily accessible Democratic Republic since 1996 GDP estimated at US$16.83 billion in 2008 GDP growth rate estimated at 2% in 2008 GDP
Slide 8: Nicaragua Project Locations
Nicaragua Project Locations North America TREBOL CALIBRE JV Nicaragua NATIVIDAD (PAVON) LIMON MINE MESTIZA PROJECT OROSI MINE Central America Managua Office EXPLORATION - MINING South America EXPLORATION CALIBRE JV RADIUS JV 8
Slide 9: Limon Mine
Limon Mine CURRENT OPERATIONS In continuous operations since 1941 – over 3.0 million ounces of production Underground and open pit mechanized mine operation 2009 estimated production of approx. 41,500 – 43,000 oz of gold at an approximate cash cost of US$575/oz Based on average of 1,000 tonn
Slide 10: Limon Concession
Limon Concession Babilonia : 0768 (5.5m @ 6.3 g/t Au) i 2 0775 (4.2m @ 4.6 g/t Au) va 3 0779 (1.4m @ 17.7 g/t Au) ) ( H Open To . ) Bablidiia Vain iy —"s Limon North Vein Babilonia Pit Talavera Vein System |, 7 ae SG i ag © ig bio oe , | ey = a Limon South Pit me oe Veta ‘mead: ad Limon South Vein Z
Slide 11: Community Projects - Limon
Community Projects - Limon Agua por Vida – includes new pumps, replacement of 10 km distribution line, and distribution in the town of Limon. This project was completed in 2009 (from 2008 budget of $250,000) Transferred the titles for 88 homes to the workers of Limon. Plan to transfer the remain
Slide 12: Orosi Mine
Orosi Mine CURRENT STATUS Continuing installation of the mill, converting from heap leach operations to conventional milling Projected recoveries to increase from 38% to 90% Feasibility Study completed Q1, 2008 Projected annual production of 80,000 – 90,000 ounces with open pit mining cash c
Slide 13: Orosi Mine – Geomembrane/Liner
Orosi Mine – Geomembrane/Liner 13 13
Slide 14: Process Plant Tanks
Process Plant Tanks > B2GOLD 14
Slide 15: OROSI – SAG Mill Installation
OROSI – SAG Mill Installation 15 15
Slide 16: Primary Crusher
Primary Crusher > B2GOLD 16
Slide 17: Orosi – Potential Exploration Targets
Orosi – Potential Exploration Targets Defined by Historical Drilling 18
Slide 18: Orosi – B2Gold Regional Mapping and Sampling Results
Orosi – B2Gold Regional Mapping and Sampling Results 19
Slide 19: Community Projects - Orosi
Community Projects - Orosi Agua por Vida – new 112,000 gal. storage tank, replacement of asbestos delivery system, distribution to 456 homes, flow meters. This project was completed in 2009 (from 2008 budget of $150,000) Power Line ($7.2M) to be handed over to the Government of Nicaragua at the
Slide 20: Bellavista Project
Bellavista Project In care and maintenance Proven and probable reserves of 314,000 ounces, measured and Indicated resources of 421,000 ounces. 7 year mine life from existing reserves Average grade of 1.5 g/t gold with a low strip ratio of 1.3 to 1 Implementation of Bellavista mitigation plan
Slide 21: Colombia
Colombia BeGOL_LD 22
Slide 22: Mining in Colombia
Mining in Colombia A unique opportunity Long history of gold production 80 million ounces of gold produced historically Minimal modern exploration Excellent exploration potential Good infrastructure Improved security Modern mining law GDP estimated at US$400 billion in 2008 GDP g
Slide 23: Colombia Regional Map
Colombia Regional Map Project Locations and Area of JV Interest Area of JV Interest B2Gold Projects AGA Projects Greystar Resources AGA-Mineros Segovia JV 24
Slide 24: Gramalote Property
Gramalote Property Joint venture with AngloGold Ashanti (51% B2Gold - 49% AngloGold Ashanti) with B2Gold as operator and Gramalote required to fund to feasibility to earn its 51% B2Gold completed a 30,189 m (90 holes) diamond drill program in 2008 B2Gold announced a NI 43-101 compliant inferre
Slide 25: Kupol East and West Joint Venture
Kupol East and West Joint Venture Kupol East and West surrounds the Kupol mine in Northeastern Russia Bema was developing the Kupol mine at the time of the Kinross transaction B2Gold has the right to earn 37.5% interest from Kinross Resulting interest – Kinross 37.5%, B2Gold 37.5% and Govern
Slide 26: Next 12 Months
Next 12 Months Complete Orosi development – commissioning expected to be completed late in 2009 Evaluate the potential of permitting and recommencing production at Bellavista Continued exploration on Nicaraguan properties Continue exploration programs in Colombia Follow up exploration on t
Slide 27: Contact Information
Contact Information B2Gold Corp. 3100 - 595 Burrard Street Vancouver, BC Canada, V7X 1J1 Phone: 604-681-8371 Toll Free: 1-800-316-8855 Fax: 604-681-6209 Email: investor@b2gold.com Website: www.b2gold.com 28
Slide 28: B2Gold Reserves & Resources
B2Gold Reserves & Resources MINERAL RESERVES Contained Zone Tonnes Gold Grade (g/t) Gold Ounces LIMON (1) Proven 68,600 5.38 11,900 Probable 1,089,400 4.63 162,300 Total 1,158,000 4.68 174,100 OROSI Probable 11,017,000 1.44 509,500 Total 11,017,000 1.44 509,500 Total Proven and Probable Mineral Rese
Slide 29: B2Gold Resources
B2Gold Resources INFERRED MINERAL RESOURCES Contained Zone Tonnes Gold Grade (g/t) Gold Ounces LIMON Mine (1) 1,408,000 5.61 253,700 Santa Pancha South 1,033,000 4.99 165,600 Total 2,441,000 5.34 419,300 OROSI Mine 3,370,000 0.76 82,600 San Juan 2,221,000 1.98 141,400 Total 5,591,000 1.25 224,000 ME