B2gold Corp. · TSX:BTO
B2gold — Investor Presentation (November 2009)
34 slides from B2gold's investor presentation, November 2009
Slide 1: B2Gold Corp. November 2009
B2Gold Corp. November 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 as a private company in 2007 by the former management team of Bema Gold Corporation Initial focus of B2Gold was high quality exploration projects in Colombia and Russia in joint ventures with AngloGold Ashanti and Kinross Gold
Slide 4: Significant Accomplishments at Bema
Significant Accomplishments at Bema Built the company from inception in 1988 to a Cdn$3.5 billion takeover by Kinross Responsible for 3 world class gold discoveries; Refugio and Cerro Casale in Chile and Kupol in Russia Discovered 32.7 million ounces gold, 6 billion pounds copper and 56.3 mill
Slide 5: 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) 52.1 Non-Executive Officers, Directors & Employee 22.7 Stock Options Total Shares
Slide 6: B2Gold Management Team
B2Gold Management Team Clive T. Johnson (President, CEO & Director) Clive Johnson leads the strong management team of B2Gold. Mr. Johnson was involved with Vancouver based Bema Gold and its predecessor companies since 1977. When Bema Gold was created by the amalgamation of three Bema group compani
Slide 7: 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 8: Mining in Nicaragua
Mining in Nicaragua Long mining history Largest country in Central America Population 5.8 million (est. July 2008) Modern infrastructure Easily accessible Democratic Republic since 1996 Government supportive of foreign investment Fair tax regime Strong Mining Law B2Gold is a majo
Slide 9: 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 9
Slide 10: 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 Projected average annual production of approx. 43,000 oz of gold at an approximate cash cost of approx. US$550/oz Based on average of 1
Slide 11: 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 12: 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 ´Latrinas´- ongoing instal
Slide 13: Orosi Mine
Orosi Mine CURRENT STATUS Feasibility Study completed Q1, 2008 Converting from heap leach operations to conventional milling Projected recoveries to increase from approx. 40% to over 90% Projected annual production of 80,000 – 90,000 ounces with open pit mining cash costs of approx. US$465/o
Slide 14: Orosi Mine
Orosi Mine CONSTRUCTION ACCOMPLISHMENTS Power supply is complete and is connected to the national power grid Initial tailings storage facility is ready for start-up Contract open pit mining has commenced with a new mining fleet Initial capacity is expected to be 3,500 tonnes of ore per day
Slide 15: Orosi Mine – Tailings Dam Liner
Orosi Mine – Tailings Dam Liner 15 15
Slide 16: Process Plant Tanks
”) =< c i] - ~~ c & ou 7) 7) ® 12) eo) —_ ou BeGOL_LD 16
Slide 17: OROSI – SAG Mill and Ball Mill
OROSI – SAG Mill and Ball Mill 17 17
Slide 18: Crushing Area
Crushing Area > B2GOLD 18
Slide 19: Orosi – Potential Exploration Targets
Orosi – Potential Exploration Targets Defined by Historical Drilling 20
Slide 20: Orosi – B2Gold Regional Mapping and Sampling Results
Orosi – B2Gold Regional Mapping and Sampling Results 21
Slide 21: 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 Govt of Nicaragua at the end of
Slide 22: Radius Joint Venture (Trebol and Pavon)
Radius Joint Venture (Trebol and Pavon) Mines 23
Slide 23: Calibre Joint Venture
Calibre Joint Venture Mines 24
Slide 24: Bellavista Project
Bellavista Project Built as heap leach gold mine in 2006 Shut down in July 2007 due to cracking in several areas indicating a large mass of earth may be unstable Rinsing of heap began immediately and landslide occurred in October 2007 Now in care and maintenance Have implemented 90% of the
Slide 25: Colombia
Colombia BeGOL_LD 26
Slide 26: Mining in Colombia
Mining in Colombia 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 Stable government that encourages foreign investment Joint ventures
Slide 27: Colombia Regional Map
Colombia Regional Map Project Locations and Area of JV I nterest Area of JV Interest B2Gold Projects AGA Projects Greystar Resources AGA-Mineros Segovia JV 28
Slide 28: 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 29: Kupol East and West Joint Venture
Kupol East and West Joint Venture Kupol East and West surrounds the Kupol mine in Far East 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 Government
Slide 30: Next 12 Months
Next 12 Months Complete Orosi development – completion of construction and the commencement of production in late November Evaluate the potential of permitting and recommencing production at Bellavista Continued exploration on Nicaraguan properties Continue to purse the advancement of the Gr
Slide 31: 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 32
Slide 32: 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 33: 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
Slide 34: Mocoa Project
Mocoa Project Copper & molybdenum porphyry (100% B2Gold) located in Southern Colombia Four contract claims totaling 7,830.66 ha Previous exploration drilling of 31 drill holes for 18,300 m by the United Nations and Ingeominas Historic resource of 306 million tonnes @ 0.37% Cu and 0.061% Mo,