Barrick Mining Corporation · TSX:ABX
Barrick Mining — Investor Day (November 2022)
30 slides from Barrick Mining's investor day presentation, November 2022
Slide 1: Exploration
EXPLORATION Joel Holliday Group Exploration Executive NYSE : GOLD TSX : ABX World Class Mines, World Class People Investor Day, November 2022
Slide 2: Exploration strategy that delivers value…
Exploration strategy that delivers value… Growth through organic Significant reserves added through brownfields discovery and post acquisition and greenfields exploration addition Goldstrike Loulo-Gounkoto Low-cost accretive value for Lagunas Norte Barrick Kibali Pueblo Viejo Donlin Gold Turquoise R
Slide 3: Robust project pipeline…
Robust project pipeline… Project Updatei Construction & Development 2 Updated Goldrush feasibility study delivers a robust project Projects 1 3 that meets Barrick’s investment criteria; Record of Decision expected in H1 2023 1 1 3 Feasibility Third Shaft at Turquoise Ridge commissioning early in Q4
Slide 4: To be World Class requires a global presence…
To be World Class requires a global presence… Operating presence in prolific gold districts Dominant district scale land positions Understand mineral systems at district and deposit scale Gold deposits Barrick projects 3 - 5Moz 5 – 10Moz >10Moz Exploration presence in under-explored or emerging fron
Slide 5: A rich store of Tier One Copper and Gold opportunities…
A rich store of Tier One Copper and Gold opportunities… Barrick’s extensive exploration portfolio in the Africa and Middle East region is spread over 8 countries with an expanding presence in 5 demonstrated Tier One Gold N Egypt exploration portfolio Jabal Sayid and Copper districts West African Cra
Slide 6: Loulo District…key structures hold further discovery potential
Loulo District…key structures hold further discovery potential Yalea depletion Yalea system Yalea South $1,200/oz pit pushback design N continues to Gara North deliver Gara P129-Faradi Yalea Transfer Yalea Zone Hippo 0.0 – 0.7 0.7 – 2.0 Yalea Shear Emerging 2.0 – 3.0 3.0 – 4.0 Shoot Conversion 4.0 –
Slide 7: Kibali…building the target pipeline
Kibali…building the target pipeline KZ North Agbarabo-Rhino UG: Drill program testing the down plunge continuity & lateral extension 2km of multiple identified high-grade shoots Ikamva N Kalimva Kalimva UG: Drilling intersected the host structure down to 600 vertical metres; potential remains for hi
Slide 8: Kibali…Oere UG - System size and grade increasing with depth
Kibali…Oere UG - System size and grade increasing with depthi N Initial exploration drilling confirmed continuous mineralisation Infill work subsequently leads to an indicated resource of 215koz at 2.15g/t and an inferred resource of 106koz at 1.7g/t in a $1,500/oz pit shell (on a 100% basis)2 Infil
Slide 9: Tanzania Exploration…World Class Discovery Potential
Tanzania Exploration…World Class Discovery Potential North Gokona/Gena North Mara N Mara Depth extensions to the Gokona system identified by deep Rama drilling as well as new high priority targets generated along strike exhibiting similar alteration to Gokona Testing of upside potential in the Ochun
Slide 10: Jabal Sayid…Extending high-grade mineralization and identifying new target
Jabal Sayid…Extending high-grade mineralization and identifying new targeti 100km Jabal Sayid Mine N Strong recent results demonstrate 50km growth potential Strong drill results confirm down-plunge continuation to mineralization at Lode 1 Deeps and strike extension at Lode 4 East Umm ad Damar Winnin
Slide 11: North America...Expanding the Search Space
North America...Expanding the Search Space Significant Au and Cu deposits >0.5Moz Au and/or >0.5Mt Cu Canada exploration group consolidated Five option agreement properties being explored including the N Pic property near Hemlo Rapid program ramp up; focus on target generation to fill the resource t
Slide 12: Carlin Trend…multiple targets across world class camp
Carlin Trend…multiple targets across world class camp West of Leeville,10.5 m at 8.70 g/ti, within an untested fault block West of Leeville along the Basin Bounding Fault, drilling has intersected strong mineralization, highlighting the Goldstrike opportunity for additional bonanza grade breccia bod
Slide 13: Cortez District…
Cortez District… Drilling at Distal intersects N 13.9m at 15.57g/ti and 12.0m at 2.17g/ti Framework drilling at Northern Canyons Swift Robertson intersected multiple intervals of elevated Carlin- Evaluating northern type geochemistry and anomalous gold in the extensions of the Pipeline Fourmile depo
Slide 14: Turquoise Ridge…
Turquoise Ridge… Lupine Strong chemistry defined above Geochemical drilling defines strong open-ended Carlin anomalism lower plate target within the 8km corridor between the two world class deposits Mega Feeder – Targeting fault intersections where mineralization is open at depth below the Twin Cree
Slide 15: LATAM Exploration…
LATAM Exploration… The LATAM team and portfolio has been through a Dominican full reassessment and restructuring with a clear Pueblo Viejo Republic focus on the best opportunities Full generative review of Central and South America in progress Guiana Shield At Pueblo Viejo (PV), mineralization is in
Slide 16: Pueblo Viejo District and Dominican Republic Exploration…
Pueblo Viejo District and Dominican Republic Exploration… At Main Gate, results confirm mineralization below a thrusted Quaternary limestone cover with 24m at 1.6g/t Au, including 12m at 2.3g/t Au Diorites (hole DPV22-869)i Sandstone and Limestones (Las Lagunas Formation) Limestone (Hatillo Formatio
Slide 17: Veladero…Argentina
Veladero…Argentina In the Veladero District, a preliminary district-scale review identifies new targets and current target areas (Morro Escondido, Veladero Sur, Domo Negro and Domo Negro Cerro Lila) were further validated &Cerro Lila Ground geophysical surveys planned in Morro Lama Morro Escondido,
Slide 18: Asia Pacific Region…
Asia Pacific Region… Oyu Tolgoi Muruntau REKO DIQ Hishikari ‘New region’ with a strong growth mandate Reko Diq in the west and Porgera in the east Aim is to discover or acquire potential Tier One (Cu and Au) opportunities PORGERA Country prioritization – based on Grasberg Lihir prospectivity, fiscal
Slide 19: Appendix A – Project Pipeline
Appendix A – Project Pipeline LatAm & North Africa & New Asia Pacifici America Middle East Frontiers Refer to the Technical Report on the Pueblo Viejo mine, Sanchez Ramirez Province, Dominican Republic, dated March 19, 2018, Construction & Pueblo Viejo Plant Expansion Turquoise Ridge 3rd Shaft Gounk
Slide 20: Appendix B – Mengu Hill Significant Intercepts
Appendix B – Mengu Hill Significant Interceptsi Mengu Hill Drill Results Core Drill Holeii Azimuth Dip Interval (m) Width (m)iii Au (g/t) MDD041 207 -70 0.0-17.3 17.3 6.09 i. All intercepts calculated using a 0.5 g/t Au cutoff and are MDD041 207 -70 26.0-35.0 9 3.28 uncapped; minimum intercept width
Slide 21: Appendix C – Oere Significant Intercepts
Appendix C – Oere Significant Interceptsi Oere Hill Drill Results Core Drill Holeii Azimuth Dip Interval (m) Width (m)iii Au (g/t) KPDD0001 290 -60 150.33-151.93 1.6 2.71 i. All intercepts calculated using a 0.5 g/t Au cutoff and are KPDD0003 290 -60 155.8-156.66 0.86 1.37 MODD0004 210 -60 155.8-163
Slide 22: Appendix D – Jabal Sayid Significant Intercepts
Appendix D – Jabal Sayid Significant Interceptsi Jabal Sayid Drill Results 2022 YTD Core Drill Holeii Azimuth Dip Interval (m) Width (m)iii Cu (%) BDH1153 273 -75 375.20-510.90 135.7 1.93 BDH1160 359 -80 463-517.04 54.04 15.83 362.90-400.00 37.10 13.91 408-411 3.00 1.33 i. All intercepts calculated
Slide 23: Appendix E – Carlin Trend Significant Intercepts
Appendix E – Carlin Trend Significant Interceptsi Drill Results from Q3 2022 to date i. All intercepts calculated using a 3.4 g/t Au cutoff and are Core Drill Holeii Azimuth Dip Interval (m) Width (m)iii Au (g/t) uncapped; minimum intercept width is 0.8 meters; LBB-22005 290 -77 606.0-608.4 2.4 4.82
Slide 24: Appendix E – Greater Leeville Significant Intercepts
Appendix E – Greater Leeville Significant Interceptsi Drill Results from Q3 2022 to date i. All intercepts calculated using a 3.4 g/t Au cutoff and are Core Drill Holeii Azimuth Dip Interval (m) Width (m)iii Au (g/t) uncapped; minimum intercept width is 3.0 meters; internal CGX-22088 100 -85 dilutio
Slide 25: Appendix E – Carlin Trend Significant Intercepts
Appendix E – Carlin Trend Significant Interceptsi Drill Results from 2022 H1/2021/2020/Legacy Results i. All intercepts calculated using a 3.4 g/t Au cutoff and are uncapped; minimum intercept width is 0.8 meters; internal dilution is less than Core Drill Holeii Azimuth Dip Interval (m) Width (m)iii
Slide 26: Appendix F – Robertson Significant Intercepts
Appendix F – Robertson Significant Interceptsi i. All intercepts calculated using a 0.17 g/t Au cutoff and are Robertson Drill Results uncapped; minimum intercept width is 3.0 meters; internal Core Drill True Widthiii dilution is less than 20% total width Azimuth Dip Interval (m) Widthiii (m) Au (g/
Slide 27: Appendix G – Main Gate Significant Intercepts
Appendix G – Main Gate Significant Interceptsi i. All intercepts calculated using a 0.5 g/t Au cutoff and are uncapped; Drill Results from Q3 2022 minimum intercept width is 5 meters; internal dilution is less than 10% Including total width ii. Main Gate drill hole nomenclature: DPV (Dominican Puebl
Slide 28: Appendix G – Arroyo del Rey Significant Intercept Table
Appendix G – Arroyo del Rey Significant Intercept Tablei i. All intercepts calculated using a 0.5 g/t Au cutoff and are uncapped; Drill Results from Q3 2022 minimum intercept width is 5 meters; no internal dilution applied. Including ii. Arroyo del Rey drill hole nomenclature: DPV (Dominican Pueblo
Slide 29: Appendix H – El Quevar Significant Intercept Table
Appendix H – El Quevar Significant Intercept Tablei i. All intercepts calculated using a 0.10 g/t Au cutoff and are uncapped; Drill Results from Q3 2022 minimum intercept width is 2 meters; internal dilution is less than 60% Including total width. ii. El Quevar drill hole nomenclature: Drill system
Slide 30: Endnotes
Endnotes 1. A Tier One Gold Asset is an asset with a reserve potential to deliver a minimum 10-year life, annual production of at least 500,000 ounces of gold and total cash costs per ounce over the mine life that are in the lower half of the industry cost curve. A Tier One Copper Asset is an asset