Barrick Mining Corporation · TSX:ABX
Barrick Mining — Pakistan Minerals Investment Forum 2025
11 slides from Barrick Mining's conference presentation, Apr 8, 2025
Slide 1: Reko Diq and the Future of Mining in Pakistan
Reko Diq and the Future of Mining in Pakistan… Pakistan Minerals Investment Forum, April 2025
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,
Slide 3: Reko Diq… a modern mining partnership
15% Govt of Reko Diq… 25% Pakistani state-owned Balochistan special purpose vehicle a modern mining partnership enterprises 10% Govt of Balochistan free 50% carried interest Pakistan- based shareholders 50% Barrick 2025 – Technical report filed in 2019 – ICSIDii accordance with First ruled in favour
Slide 4: Updated Feasibility Study
Updated Feasibility Study… adds 7.3Mt attributable P&P copper and 13Moz attributable probable gold reserves 2024 Proven & Probable Mineral Reserve (100%)2 3Bt @ 0.46% for 15 Mt Copper & 2.9Bt @ 0.28g/t for 26Moz Gold 94Moz Gold Equivalent (100%)i i. Gold equivalent calculated based on 2024 Mineral R
Slide 5: Unlocking a transformative Tier One asset
Unlocking a transformative Tier One asset… Reserve mine life of 37 years generating: $90bn in operating cash flow,i,3 $70bn in free cash flowi,3,4 $54bn of revenue within Pakistan Potential to expand this with additional porphyries on mining lease i. 100% basis 5
Slide 6: Project development initiated with long-lead items ordered and early works construction underway
Project development initiated with long-lead items ordered and early works construction underway… Lasting Economic benefits… 2023-2024 – awarded contracts valued at $7.2 million to suppliers from Chagai District and $14.5 million to suppliers across Balochistan 6
Slide 7: Significant Local Employment
Significant Local Employment… 7,500 jobs during peak construction 4,000 jobs over the long term 7
Slide 8: Transformative Social Projects
Hunar Foundation Improving the lives of local communities - investing in education, health, skills training and clean water access since 2022 Transformative Social Projects… 8
Slide 9: Exploration…highlighting exciting new targets
Exploration…highlighting New targets within the mining lease N exciting new targets Bukit Pasir N Exploration Lease Western Porphyries Chegadi Tanjeel Gurich Khan 10km Complex Mining Lease Bukit Pasir (Hole RD1184A, 262m depth) Covered Volcanic cover Breccia Intrusive (23 – 10 Ma) Pre mineral Chagai
Slide 10: The Future of Mining in Pakistan…creating value through exploration, discovery and development
The Future of Mining in Pakistan…creating value through exploration, discovery and development Value Opportunity to add value Enormous potential for life of mine extensions and new discoveries Reko Diq Feasibility Study production development Feasibilities are about proper testwork and Discovery and
Slide 11: Endnotes
Endnotes... 1. A Tier One Gold Asset is an asset with a $1,400/oz reserve with potential to deliver a minimum 10-year life, annual production of at least 500,000 ounces of gold and with costs per ounce in the lower half of the industry cost curve. A Tier One Copper Asset/Project is an asset with a $
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