Barrick Mining Corporation · TSX:ABX
Barrick Mining — Barrick Gold — Canaccord Genuity World Class Discovery Day 2016
34 slides from Barrick Mining's conference presentation, Dec 1, 2016
Slide 1: Value Generation through Exploration Success
Barrick Gold Corporation Value Generation through Exploration Success Canaccord Genuity World Class Discovery Day | December 1, 2016
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: Outline
Outline Industry - the challenge Barrick Exploration Success and Case Studies – Lagunas Norte, Peru – El Indio District, Chile and Argentina – Goldrush and Fourmile Target, USA Future Enablers
Slide 4: Barrick Exploration Success
Barrick Exploration Success Industry Endowment Discovered Industry Exploration Spending (Moz) >1Moz deposits 3 year rolling average (for Gold, US$B) 160 0,000,000 10 10,000 0,000,000 140 88,000 Barrick discovers 0,000,000 120 Lagunas Norte 66,000 2001 0,000,000 100 44,000 Barrick discovers 0,000,000
Slide 5: Scarcity of Larger Producers Globally
Scarcity of Larger Producers Globally 180 ABX Mines Au Mines 160 140 120 100 80 Only 27 mines 60 globally produce >500 Koz per year 40 20 0 >100K >200K >300K >400K >500K >600K >700K >800K >900K >1000K Source: SNL Mining and Metals, Barrick
Slide 6: Barrick
Ne = pz pe <x aa
Slide 7: Barrick Exploration System (BXS)
Barrick Exploration System (BXS) Developing great explorers to find large deposits faster Common language and systematic approach to manage project pipeline People Empowering & developing. Discovery-driven License to Operate Knowledge Social, Sharing and environmental, efficiency legal obligatio
Slide 8: History of Gold Reserve Growth
History of Gold Reserve Growth P&P Reserves (Moz of gold)1 TOTAL ~921 Spent $3.5B on exploration FOUND (2.2Bt at Overall finding cost ~$25/oz THROUGH 1.32g/t) EXP’N 20 1990 2015 110 31 TOTAL ACQUIRED DIVESTED 149 TOTAL MINED 1. See Endnote #1 Proven Reserves: 26.5Moz (503M tonnes at 1.64gm/t) Pr
Slide 9: A History of Post-acquisition Growth
A History of Post‐acquisition Growth Goldstrike Cortez Pascua-Lama Donlin Gold Turquoise Ridge Pueblo Viejo Veladero Lagunas Norte Goldrush Gold Acquired Gold Added Alturas 0 5 10 15 20 25 30
Slide 10: Organic Growth Opportunities
Organic Growth Opportunities Lagunas Norte Turquoise Ridge Cortez Hills Goldrush Refractory Ore Mine Expansion Deep South Life Extension Phased approach to Advanced exploration Refractory ore Expansion of the improve ventilation project with extension below Cortez Hill and mining efficiency
Slide 11: Case Studies
Case Studies Lagunas Norte, Peru El Indio District, Chile Goldrush/Fourmile, USA
Slide 12: Grassroots to Gold Bar - Lagunas Norte
Grassroots to Gold Bar ‐ Lagunas Norte 1998 Q3: Generative and Grassroots Exploration 2000 Q1: Target Delineation 2001 Q2: Discovery Hole in June 2002 Q2: Initial Inferred Resource @ 3.5 Moz1 (0.057 oz/ton, 61M tons) 2002 Q3: Inferred Resource @ 7.3 Moz2 (0.054 oz/ton, 135M tons) 2002 Q4: Probable R
Slide 13: El Indio Discoveries
El Indio Discoveries Mineralized Belt HS Au Targets Chile Argentina Collahuasi (Eocene-Oligocene) Mineralized Belt (Miocene) Porphyry Cu-Au Targets Barrick holds Abra highly prospective Chuquicamata land package on Zaldivar the prolific El Indio gold belt Escondida Salvador Pascua‐Lama Mining ri
Slide 14: A Story of Success
A Story of Success El Indio Tambo Pascua Lama Veladero Alturas Discovery 1976 1982 1995 1998 2015 High sulphidation High sulphidation oxide (sulphide ore). Multi‐ deposit related with High sulphidation High sulphidation oxide High sulphidation oxide Type Vein deposit with high‐ hydrothermal injectio
Slide 15: Veladero
Veladero 1998 Grassroots discovery by Argentina Gold (60%) & Barrick (40%) JV High sulphidation oxide deposit Commenced production September 2005 Low capex ($540M). Open pit operation and oxide heap leach plant To date production; 8.98 Moz Au & 119 Moz Ag Reserves (2015): 7.5 Moz1,2 Au (
Slide 16: Alturas - Exploration in a 'Mature' Belt
Alturas – Exploration in a ‘Mature’ Belt Alturas represents a Barrick greenfield discovery in El Indio belt High Sulfidation oxide Au-Ag deposit (similar to Veladero) Published inferred resource of 5.5Moz1 @ 1.25g/t Au, 136 Mt (2015) Results in from 72 drill holes to date2 Synergies with e
Slide 17: Alturas Video
Alturas Video NORTH SOUTH San Juan ARGENTINA Coquimbo CHILE 4900 masl 400 m Grade x Thickness (gpt-m Au) <25 4500 masl 25 – 50 1 km 50 – 100 > 100
Slide 18: Goldrush and Fourmile, USA
Goldrush and Fourmile, USA ao
Slide 19: Goldrush - The Future of Cortez
Goldrush – The Future of Cortez
Slide 20: Key Steps to Discovery
Key Steps to Discovery Best host rocks Pipeline & Cortez Hills geology – Similar sequence as at Goldstrike Upper Plate – Multiple mineralized horizons RMT – Low-angle faults + anticlines Horse C. Mapping Cortez East Window – Some Upper Plate = Lower plate – Favorable rocks are shallower Re-log
Slide 21: Goldrush Project - Prefeasibility Enhances Value
Goldrush Project – Prefeasibility Enhances Value Scoping Study Prefeasibility Study Underground mining in Changed scope to underground- Goldrush and open pit in only mine, eliminated stripping Red Hill. High strip ratio costs Ore transportation via rail Ore transportation via trucks 8.4 Mo
Slide 22: Exploration Opportunity - Fourmile
Exploration Opportunity ‐ Fourmile Early stage exploration project Located north of Goldrush Mature infrastructure in Nevada
Slide 23: Fourmile
Fourmile Mill Canyon Stock High grade, high value Pre-mineral Intrusive Rock targets with small footprint Three holes with intercepts 5.2m @ 14.4 g/t more than double the average grade of the Goldrush resource1 5.8m @ 10.9 g/t 14.3m @ 31.7 g/t • 14.3m @ 31.7 g/t 5.8m @ 49.6 g/t • 5.8m @ 49.6 g/t
Slide 24: Successful Exploration
Successful Exploration Role of technology as an enabler Successful exploration strategies for the future
Slide 25: Discovery trends through time
Discovery trends through time Deeper with time: Better understanding of: – Under gravel & barren – Geology of the districts rock cover – Controls of mineralization – Slower & more expensive Better tools Nevada Examples Source: Barrick
Slide 26: Integration of Technologies
Integration of Technologies Deposit scale Core scanning-SWIR Portable XRF Geophysics (CSAMT) District scale (El Indio Belt) Aster alteration mapping Geologic transects Geophysical surveys Geochronology Regional geochemistry Tectonic scale (Andes) Seismic tomography Lithospheric m
Slide 27: Conclusion
Conclusion The pace of detection and discovery of outcropping easy to find deposits is rapidly decreasing – The next generation of discoveries will be concealed or semi concealed deposits – Prediction will be increasingly reliant on technology New discoveries will attract fierce competition Th
Slide 28: Appendix A - Alturas Significant Intercepts
APPENDIX A – Alturas Significant Intercepts ALTURAS - Significant Drill Intercepts through ALT-33 to ALT-049 (1) Core Drill Hole Azimuth Dip Interval (from m) Interval (to m) Width (m) (2) Au (g/t) 145 177 32 0.73 ALT-034 90 -69 193 222 27 (3) 0.58 238 286 48 1.14 126 138 12 2.62 ALT-035 23 -88 166
Slide 29: Appendix A - Alturas Significant Intercepts
APPENDIX A – Alturas Significant Intercepts ALTURAS - Significant Drill Intercepts through ALT-47, ALT-50 to ALT-060 (1) Core Drill Hole Azimuth Dip Interval (from m) Interval (to m) Width (m) (2) Au (g/t) 347 395 47.4 (3) 1.00 ALT-047 90 -85 407 422.9 15.9 1.63 466 490 24 1.31 ALT-050 90 -70 249 30
Slide 30: Appendix A - Alturas Significant Intercepts
APPENDIX A – Alturas Significant Intercepts ALTURAS - Significant Drill Intercepts through ALT-61 to ALT-069 (1) Core Drill Hole Azimuth Dip Interval (from m) Interval (to m) Width (m) (2) Au (g/t) ALT-061 0 -65 No significant intercept ALT-062 20 -65 226.5 270 43.5 0.73 104 147.9 43.9 4.08 158 232
Slide 31: Appendix A - Del Carmen Significant Intercepts
APPENDIX A – Del Carmen Significant Intercepts Del Carmen ‐ Significant Drill Intercepts through DCA‐001 to DCA‐008 (CA‐007, DAC009 and DCA‐011 (1) Core Drill Hole Azimuth Dip Interval (from m) Interval (to m) Width (m) (2) Au (g/t) DCA-001 263 -72 No significant intercept DCA-002 270 -85 No signifi
Slide 32: Appendix B - Fourmile Significant Intercepts
APPENDIX B – Fourmile Significant Intercepts Fourmile – Significant Intercepts1 GRC‐0427D, GRC‐0435D and FM16‐05D Core Drill Hole Azimuth Dip Interval (m) Width (m)2 Au (g/t) 666.9-672.7 5.8 10.9 GRC-0427D NA -90 695.3-709.6 14.3 31.8 921.4-927.2 5.8 49.6 GRC-0435D NA -90 702.2-707.4 5.2 14.4 FM16-0
Slide 33: Appendix C - Goldrush Significant Intercepts 2009 and 2010
APPENDIX C – Goldrush Significant Intercepts 2009 and 2010 Goldrush Significant Drill Intercepts from 2009 & 2010 (1) Core Drill Hole Azimuth Dip Interval (from m) Interval (to m) Width (m) (2) Au (g/t) HCD09-01 0 -90 388.0 408.5 20.5 30.6 HCD10-01 0 -90 325.2 328.6 3.4 8.5 HCD10-01 and 396.8 400.2
Slide 34: Technical Information and Endnotes
Technical Information The following qualified persons, as that term is defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects, have reviewed and approved the relevant scientific and technical information contained in this presentation: Rob Krcmarov, Executive Vice Presi
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