Slide 1: Kibali leads the way through partnerships and localisation
Operated by Kibali leads the way through partnerships and localisation Kinshasa, July 2024
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 Barrick Presence
Our Global Barrick… Presence a world-class global mining company Donlin Geographical (50%) CANADA distribution of 2023 Loulo- gold production Phoenix (61.5%) USA Hemlo Gounkoto 80% 100% Fourmile 100% PAKISTAN Pueblo Viejo JAPAN NGM (61.5%) Reko Diq 50% 60% EGYPT Turquoise Ridge DOMINICAN SAUDI ARABI
Slide 4: Barrick - A long-term business sustainable through the cycles
Barrick - A long-term business sustainable through the cycles A3 Best Asset Base Moody’s Credit Rating – highest in the gold mining industry Largest portfolio of Tier One and world-class gold and copper assets that is unmatched in the industry # 1 Growing Copper Exposure Barrick is the largest gold
Slide 5: Building a flagship mine in the DRC
Building a flagship mine in the DRC… Gold Price US$/oz 2500 2010 2010 to date Mineral reserve Social upliftment - built and maintain over 300km of road, including connection to Ugandan border doubled to >10Mozi Public Participation 2022 Process 2000 Sept 2013 Cahier des Charges 4200 families resettl
Slide 6: Kibali: Africa's largest and most automated gold mine
In-Country Investment US$ millioni Kibali…Africa’s largest and Infrastructure and community support $216 million most automated gold mine Salaries A previously non-existent economy boosted by $673million infrastructure development - especially road access to the Payments to mine contractors and supp
Slide 7: Q2 Highlights
Q2 Highlights… Delivering on our business plan Kibali on track to meet 2024 production guidance First batch of tenders published through the mine and through ARSP (the body which oversees the DRC’s sub-contracting sector) website as Kibali continues to enhance local content supporting over 500 Congo
Slide 8: Journey to Zero
Journey to Zero… Responsibility to Stop Unsafe Work continues to be reinforced across all levels of our operation The rollout of our Fatal Risk Management Program is progressing well, with three Fatal Risk Standards highlighted during Q2 A global safety standdown was held during Q2 which coincided w
Slide 9: Health and safety
Health and safety… Safety LTIFR5 7 J20 program and 10 fatal risk safety campaign awareness implemented through 6 toolbox talks 5 Traffic management indicators compliance conducted through roadblocks and 4 remote monitoring 3 2 Cross functions for critical control verification effectiveness 1 0 Malar
Slide 10: Mining Operations
Mining Operations… Processing Tonnes per Quarter (Mt) Processingi Recovery % 2,000 ktpq average throughput achieved 2.5 100 Achieved improved recoveries with the running of the 2.0 80 Cyanide Recovery Plant while maintaining 1.5 60 throughput and reducing cyanide consumption 1.0 40 Open Pit 0.5 20 R
Slide 11: Highly prospective district with potential for further discoveries
KZ trend Ikamva Highly prospective district with N Kalimva potential for further discoveries to Oere keep growing Kibali into the future… KZ North Mofu Potential for significant discoveries along the +50km KZ trend, within Mengu Ndala trucking distance to the Kibali plant Pamao Pakaka +90% of the KZ
Slide 12: KCD Area and ARK
KCD Area and ARKi Agbarabo-Rhino-Airbo-Kombokolo (ARK) – high-grade results and encouraging observations from multiple drill holes highlight potential for 1.5km wide corridor to deliver potential for brownfields growth significant satellite deposit Open along strike and down plunge with opportunity
Slide 13: KCD UG Deeps Expansion
KCD UG Deeps Expansioni… SW NE KCD Pit 5000 lode. 5000 lode. KCDU6552 Sessenge DDD602 14.50m @ 2.13g/t Pit 16.80m @ 6.48g/t Inc. 6.50m @ 3.80g/t 9000 lode 3000 lode 5000 lode 250m Inferred Resource stopes Shaft Bottom/Haulage Actual Development Level 5210 RL Development Design 3000 lode. KCDU6417 (m
Slide 14: Kibali Power Generation
Kibali Power Generation… Q2 2024 hydroelectric power blend averaging at 83% Generating an average of 40.16 MW power at an average cost of 0.100 $/kWh Kibali Power Generation MW/h US$/kWh 40 0.30 35 0.25 30 0.20 25 20 0.15 15 0.10 10 0.05 5 0 - Dec-18 Apr-19 Aug-19 Dec-19 Apr-20 Aug-20 Dec-20 Apr-21
Slide 15: Powering our Green Agenda
Powering our Green Agenda… transition to renewable energy 2015 to 2017: Nzoro hydrostation capacity of ~22 MW, 100% increasing hydro energy blend to ~55% 2017: Ambarau hydrostation online with ~11MW installed 90% capacity SOLAR 2018: Azambi hydrostation energized with ~11MW installed 80% DIESEL capa
Slide 16: Environmentally focused
Environmentally focused… ISO 14001 certification standards maintained. All minor findings addressed Fresh water abstracted per ton of ore adequately treated Opportunities to further reduce fresh-water abstraction from Kibali River 1.2 1.056 continue: 11% during the quarter – Target in 2024 is 10% fr
Slide 17: Commitment to Employment of Nationals
Commitment to Employment of Nationals… World class operations led by a world class team Majority of our Senior management team are National Casuals & Congolese Interns 217 (3%) Expat Expat Contractors Employees 162 (2%) Expatriates: 184 (3%) (346) 5% National Employees 1,877 (29%) National Contracto
Slide 18: Human Capital Investment
Human Capital Investment… Kibali Bursary – Internship - Young Talent program Bursary program: Meeting held in May by the GM with bursars’ parents and HR Manager to provide an update on current achievements as well as internship and employment opportunities In May 2024, Kibali Management visited Loyo
Slide 19: World class business built with our Local Partners
World class business built with our Local Partners… Value Driven Local Partnerships Engaged Congolese partners since inception with the Azambi hydropower station construction Supply of safety workwear by Congo Services and local women manufacturing facility set up in Durba PEARL KJME Continue to gro
Slide 20: Localisation strategy
Localisation strategy… Intensive engagement with the regulatory body of sub-contracting law led to a significant progress on localization On legal and regulatory requirements, all partners doing business with Kibali Gold Mine are compliant to the ARSPi (National Sub-contracting authority) Tenders no
Slide 21: Community development
Community development… Education / Capacity building 7 Academic institutions completed in various villages 158 School Kits distributed in partnership with our contractors in Galako and Abimva villages Two guided tours of Kibali Gold Mines for local pupils conducted Health / Water / Sanitation 18 wat
Slide 22: Community development
Community development… Driving Sustainable Value through Local Partnerships Challenge Fund: 34 local business trained by Sofibank to formalize their business plans to be eligible for micro loans, as a result of partnership with USAID under the Garamba Alliance Partnerships for biodiversity with USAI
Slide 23: Leaving a Legacy
Leaving a Legacy… Coffee Project Production of coffee in Haut-Uele Isiro was once known as the Golden Green Capital because Haut- Uele province produced more than 30,000 tons of Robusta coffee per year Since early 1990’s Robusta production in Haut-Uele has dropped by more than 90% In 2021, official
Slide 24: Investing for 2024 and beyond
Investing for 2024 and beyond… the Future Continued focus on extending Kibali’s life of mine with world class exploration and resource conversion programs to extend Tier One status Continue to explore for additional reserves to replace depletion and extend the mine life at Kibali Continue to build o
Slide 25: Appendix A – KCD UG Significant Intercept Table
Appendix A – KCD UG Significant Intercept Tablei Select Kibali Drill Interceptsi Core Drill i. All intercepts calculated using a 0.5 g/t Au cutoff and are uncapped; Target Azimuth Dip Interval (m) Widthiii (m) Au (g/t) Interval (m) Widthiii (m) Au (g/t) Holeii minimum intercept width is 2 m; interna
Slide 26: Appendix B - ARK Significant Intercept Table
Appendix B - ARK Significant Intercept Tablei Select Kibali Drill Interceptsi i. All intercepts calculated using a 0.5 g/t Au cutoff and are uncapped; Core Drill minimum intercept width is 2 m; internal dilution is equal to or less Target Azimuth Dip Interval (m) Widthiii (m) Au (g/t) Interval (m) W
Slide 27: Appendix C – KCD NW Significant Intercept Table
Appendix C – KCD NW Significant Intercept Tablei Select Kibali Drill Interceptsi i. All intercepts calculated using a 0.5 g/t Au cutoff and are uncapped; Core Drill Target Azimuth Dip Interval (m) Widthii (m) Au (g/t) Interval (m) Widthiii (m) Au (g/t) minimum intercept width is 2 m; internal diluti
Slide 28: Endnotes
Endnotes 1. A Tier One Gold Asset is an asset with a $1,300/oz reserve with potential for 5 million ounces to support a minimum 10-year life, annual production of at least 500,000 ounces of gold, and with all-in sustaining costs per ounce life-of-mine that are in the lower half of the industry cost