Slide 1: Kibali reinforces its partnership philosophy with a good start to the year
Operated by …Kibali reinforces its partnership philosophy with a good start to the year
Slide 2: Safety, health and environment
Safety, health and environment… Safety 1 Lost time injury recorded LTIFR/million hours Corrective action taken worked LTIFR of 0.30 vs 0.30 in Q1 2018 3 ISO 45001 compliant Mine OHS objectives reviewed and communicated to all interested parties Environment 2 Environmental and social audit against IF
Slide 3: Safety, health and environment (HIV, malaria, Ebola)
Safety, health and environment… HIV Prevalence rate of 4.76% HIV positivity rate % 20 Volunteer counselling tests campaigned 15 Various activities conducted: mass sensitisation, condom distribution at hotels and bars, distribution of flyers 10 Malaria 5 Malaria incidence rate of 1.98% in Q1 2019 vs
Slide 4: Q4 2018
Q4 2018… No lost time injury recorded Record annual gold production for Kibali mine of 807 251 ounces Achieved above nameplate throughput and nameplate recovery Gorumbwa resettlement completed Palm oil project still on hold TVA (value added tax) payback in accordance with signed agreement continued
Slide 5: Q1 2019 progress towards delivering on business plan
Q1 2019…progress towards delivering on business plan Continued with skills development for Congolese management and technicians Production on track for 2019 guidance of 750 000oz1 Exploration work focused on replacing reserves depleted through mining Agreed tax-offsets only partially implemented TVA
Slide 6: Kibali plant performance
Kibali plant performance… Tons treated Recovery % 700 Kt 100 90 600 80 500 70 60 400 50 300 40 200 30 20 100 10 0 0 Q4 2018 Q1 2019 Q4 2018 Q1 2019
Slide 7: Kibali underground mining Q1 2019
Kibali underground mining Q1 2019… Ore tonnes trucked and hoisted 350 Underground Shaft Shaft Decline 300 Record production through the shaft of Record 285Kt in March 2019 250 production Operation continues to align with world’s from shaft best mining practices 200 Implementation of Newtrax system 1
Slide 8: Kibali cumulative capital versus production
Kibali…cumulative capital versus production koz $ billion 900 3.0 800 2.5 700 600 2.0 500 1.5 400 300 1.0 200 0.5 100 - 0.0 2012 2013 2014 2015 2016 2017 2018 Oz actual Cumulative capital expenditure
Slide 9: Kibali underground development LOM design with lode opportunities
Kibali…underground development LOM design with 3000, 5000 and 9000 Lode opportunities KCD Open Pit Sessenge Open Pit PB#3 & PB2 North 2018 Proven reserve: 1.7Mt @ 2.71g/t for 148Koz 2018 Proven reserve: 1.2Mt @ 2.45g/t 94Koz 2018 Probable reserve 0.1Mt @ 2.20g/t 8Koz 2018 Probable reserve 3.2Mt @ 2.
Slide 10: Gorumbwa down plunge for underground opportunities
Gorumbwa…down plunge for underground opportunities Looking NE XS04 Estimated reserve: 4.12Mt @ 2.81g/t for 372Koz (Dec’18) within the $1000/oz pit. Concept of potential addition for 7.6Mt @ 4.2g/t for 1Moz for UG opportunities (RL 5300m, 200m from void and 850m NW of KCD UG developments). Increasing
Slide 11: KZ structure pipeline of projects reinforces prospectivity
KZ structure…pipeline of projects reinforces prospectivity & opportunities KZ-North Upsides N Upsides identified in the KZ_North include: Ikamva Kalimva - Ikamva NW and East (HW and FW BIF mineralisation) - Kalimva-Ikamva hinge zone Oere - Oere-Kalimva and Mofu-Oere gaps (1.6Km each) Mofu Pakaka KCD
Slide 12: KZ South results of orientation drilling at Zakitoko
KZ South…results of orientation drilling at Zakitoko ZKTR0001 N 16m @ 1.17g/t from 38m Inc. 5m @ 3.44g/t Orientation drilling in progress: 11 holes completed SITE C 36m @ 0.22g/t from 59m ZKRC0001 Incl. 6m @ 0.85g/t NS Shear, E steeply dipping and boudinage system. Drilling confirms lithologies cons
Slide 13: Kibali employees in Q1 2019
Kibali employees in Q1 2019… Expat Expat Contractors Employees 126 (3%) 233 (5%) National Casuals National 240 (5%) Employees 1462 (30%) Nationals : 92% National Expatriates: 8% Contractors 2869 (58%)
Slide 14: Local contractors and supply strategy
Local contractors and supply strategy… more than CSR 38 million spent on local contractors during Q1 2019 Ongoing civil construction and roadworks performed by Congolese contractors (Traminco, TES and IOB) Partnership with Congolese engineering contractor (TES) for plant maintenance Food and camp se
Slide 15: In country investment 2010 through to Q1 2019
In country investment…2010 through to Q1 2019 $2.61Bn paid by Kibali in the form of taxes, permits, Nzoro Power line Road infrastructure, salaries and payments to local suppliers ARU - Ariwara Road US$ million Northern By-pass road Visible contributions directly Southern By-pass road in the area of
Slide 16: Committed to our partnership philosophy
Committed to our partnership philosophy… local and international spend Specialist contracts* Construction General services Total contract Shaft sinking contract* and supply chain spend* Underground mining contract* Master drilling $ million $ million $ million $ million 2500 250 800 3500 700 3000 20
Slide 17: Kibali makes a difference Q1 2019
Kibali makes a difference…Q1 2019 Durba asphalt project Permitting obtained while construction of the Doko – Kibali bridge road in progress Local Economic Development Projects (YTD) Various community schemes generate revenue in Q1 Uele Coopec has received $6,767 in reimbursements Nuns Lagae Shop and
Slide 18: Some of our achievements
Some of our achievements… Donation of books Celebration of women’s day Closure of Gorumbwa RAP Launch of the bridge with Doko asphalt project
Slide 19: Agribusiness local supply to Kibali
Agribusiness…local supply to Kibali Egg production: 210 733 eggs produced from the main community projects 13 small-scale pork projects with 318 heads in the community and 21.7 tonnes of pork meat sold (GCS and the community) Cocoa project Memorandum of Understanding signed between the Garamba Natio
Slide 20: Outstanding legal and fiscal issues
Outstanding legal and fiscal issues… we remain committed to amicable solutions No progress in the alleviation of administrative burden relating to new mining code FPI tax (tax to promote local industry) - to date, $1.2 million levied outside provisions in mining code Slow execution of agreement on r
Slide 21: Investing in the future
Investing in the future…
Slide 22: DRC Ngayu Belt geology and structure of the Imva Zone
DRC Ngayu Belt…geology and structure of the Imva Zone and prioritised targets A review of the Imva data resulted in re- N prioritisation of the 20 targets in the resource Bikira triangle - 5 targets prioritised Bikira South Lithosampling, pitting and auger at Bikira South confirmed mineralisation wi
Slide 23: The DRC/Barrick partnership
The DRC/Barrick partnership… A meeting between His Excellency, DRC President Felix Tshisekedi and John Thornton, Executive Chairman of Barrick, took place on 4 April 2019 in Washington DC reinforcing the partnership between the DRC and Barrick Mark Bristow, President and CEO of Barrick, has since he
Slide 24: Disclaimer
Disclaimer… Cautionary Statement on Forward-Looking Information Certain information contained in this presentation, including any information as to Barrick’s strategy, plans, or future financial or operating performance, constitutes “forward-looking statements”. All statements, other than statements
Slide 25: Appendix A - Kibali KCD 5000 Down Plunge
Appendix A - Kibali KCD 5000 Down Plunge Significant Intercepts 1 Drill results from Q3 & Q4 2018 Core Drill Hole AZIMUTH DIP Interval (m) Width (m3) Au (g/t) 235.3 237.5 2.2 3.06 KCDU1872 342 -1 260.9 263.6 2.6 2.64 315.6 320.0 4.4 4.32 1. All intercepts calculated using 2.4g/t Au cutoff and are KC
Slide 26: Appendix B – Kibali KCD 11000 Hanging Wall
Appendix B – Kibali KCD 11000 Hanging Wall Significant Intercepts 2 Drill results from Q4 2018 1. All intercepts calculated using a 0.5 g/t Au cutoff and are uncapped; minimum intercept width is 2 m; internal dilution is Core Drill Hole AZIMUTH DIP Interval (m) Width (m3) Au (g/t) equal to or less t
Slide 27: Appendix C - KCD-Sesenge 9000 Lode Gap
Appendix C - KCD-Sesenge 9000 LODE GAP Significant Intercepts 3 Drill results from Q3 & Q4 2018 Core Drill Hole AZIMUTH DIP Interval (m) Width (m3) Au (g/t) 166.0 168.2 2.2 7.1 1. All intercepts calculated using 2.4g/t Au cutoff and are KCDU2000 52 -86 190.6 206.5 15.9 3.7 uncapped, minimum intercep
Slide 28: Appendix D – Kibali Significant Intercepts
Appendix D – Kibali Significant Intercepts1 Drill Results from Q1 2019 Drill Site RC Drill Hole Azimuth Dip Interval (m) Width (m) Au (g/t) 1. All intercepts calculated using a 0.5 g/t Au cutoff and are uncapped; 1.0 - 6.0 5 2.36 minimum intercept width is 2 m; internal dilution is equal to or less