Barrick Mining Corporation · TSX:ABX
Barrick Mining — Barrick Gold — Denver Gold Forum 2004
30 slides from Barrick Mining's conference presentation, Sep 29, 2004
Slide 1: Barrick Gold Exploration Update
BARRICK GOLD EXPLORATION UPDATE Alex J. Davidson, Executive VP Exploration Denver Gold Forum - September 29, 2004 FORWARD LOOKING STATEMENT Certain statements included herein, including those regarding production, costs, development schedules and other statements that express management’s expectatio
Slide 2: Growth Profile – Target Production '04-'07
BARRICK GOLD EXPLORATION UPDATE Alex J. Davidson, Executive VP Exploration Denver Gold Forum - September 29, 2004 Growth Profile – Target Production ’04 -’07 millions of ounces 6.8-7.0 6.4-6.6 6.1 5.7 5.5 5.3-5.5 South 12% 4.9-5.0 1.8-1.9 2.5 America CAGR 1.0-1.1 0.6 1.3-1.4 1.4 1.6-1.7 Australia/ 1
Slide 3: Exploration Targets and Strategy
BARRICK GOLD EXPLORATION UPDATE Alex J. Davidson, Executive VP Exploration Denver Gold Forum - September 29, 2004 Exploration Targets and Strategy District Focus: (Goldstrike, Alto Chicama, Frontera, Lake Victoria) > 2 million ounce gold deposits Reserve additions at and near existing assets
Slide 4: Reserve Replacement and Growth
BARRICK GOLD EXPLORATION UPDATE Alex J. Davidson, Executive VP Exploration Denver Gold Forum - September 29, 2004 Reserve Replacement and Growth RESERVE GROWTH THROUGH ACQUISITION AND EXPLORATION proven and probable – millions of ounces Exploration 86 (2) Overall finding cost $11/oz On- property
Slide 5: Proven Track Record – Greenfields
BARRICK GOLD EXPLORATION UPDATE Alex J. Davidson, Executive VP Exploration Denver Gold Forum - September 29, 2004 Proven Track Record – Greenfields Alto Chicama – one of the the largest grassroots discovery in past 10 years Current reserve of 7.2 million with almost 2 million ounces of gold in res
Slide 6: Exploration Investment
BARRICK GOLD EXPLORATION UPDATE Alex J. Davidson, Executive VP Exploration Denver Gold Forum - September 29, 2004 Exploration Investment Barrick’s exploration spending has been consistent US$ millions 79 79 69 69 67 66 59 400 56 350 Spot Gold Price 300 250 97 98 99 00 01 02 03 04E 6
Slide 7: Exploration Investment
BARRICK GOLD EXPLORATION UPDATE Alex J. Davidson, Executive VP Exploration Denver Gold Forum - September 29, 2004 Exploration Investment Barrick’s percentage of total gold exploration spending 13.0% 12.0% 11.2% 400 8.4% 350 4.5% Spot Gold Price 3.0% 300 250 97 98 99 00 01 02 03 04E 7
Slide 8: Balanced Pipeline
BARRICK GOLD EXPLORATION UPDATE Alex J. Davidson, Executive VP Exploration Denver Gold Forum - September 29, 2004 Balanced Pipeline Advanced Projects Districts Early Stage Exploration Balanced Pipeline – Advanced Projects Buzwagi (formerly Chocolate Reef), Tanzania East Archimedes, Nevada
Slide 9: Barrick Gold Exploration Update
BARRICK GOLD EXPLORATION UPDATE Alex J. Davidson, Executive VP Exploration Denver Gold Forum - September 29, 2004 9
Slide 10: Buzwagi – Schematic cross section
BARRICK GOLD EXPLORATION UPDATE Alex J. Davidson, Executive VP Exploration Denver Gold Forum - September 29, 2004 Buzwagi – Schematic cross section W E VOLCANICS GRANITE Zone 1 Buzwagi – Tanzania 10
Slide 11: East Archimedes – Nevada
BARRICK GOLD EXPLORATION UPDATE Alex J. Davidson, Executive VP Exploration Denver Gold Forum - September 29, 2004 East Archimedes – Nevada Eureka, NV East Archimedes Pit Layback Pit Waste Heap Leach Waste Ruby Hill Mine 11
Slide 12: East Archimedes and Ruby Deeps
BARRICK GOLD EXPLORATION UPDATE Alex J. Davidson, Executive VP Exploration Denver Gold Forum - September 29, 2004 East Archimedes and Ruby Deeps West Archimedes 6000 East Archimedes East Archimedes Layback 0 500 1000 meters East 5000 Archimedes Ruby Extension Ruby Deeps Deeps Target 12
Slide 13: Barrick Gold Exploration Update
BARRICK GOLD EXPLORATION UPDATE Alex J. Davidson, Executive VP Exploration Denver Gold Forum - September 29, 2004 13
Slide 14: Gold Hill – Nevada
BARRICK GOLD EXPLORATION UPDATE Alex J. Davidson, Executive VP Exploration Denver Gold Forum - September 29, 2004 Gold Hill – Nevada section looking west 14
Slide 15: Barrick Gold Exploration Update
BARRICK GOLD EXPLORATION UPDATE Alex J. Davidson, Executive VP Exploration Denver Gold Forum - September 29, 2004 15
Slide 16: Goldstrike District – Nevada
BARRICK GOLD EXPLORATION UPDATE Alex J. Davidson, Executive VP Exploration Denver Gold Forum - September 29, 2004 TUSCARORA MOUNTAINS INDEPENDENCE MOUNTAINS Goldstrike District – Nevada ELKO COUNTY Storm Goldstrike ADOBE RANGE EUREKA COUNTY Ren Banshee Meikle North Pit Elko Betze-Post South Pit 0 1
Slide 17: Goldstrike – Betze-Post Drift Project
BARRICK GOLD EXPLORATION UPDATE Alex J. Davidson, Executive VP Exploration Denver Gold Forum - September 29, 2004 Goldstrike – Betze-Post Drift Project Goldstrike – Betze-Post Drift Project N 17
Slide 18: Goldstrike – Betze-Post Drift Project
BARRICK GOLD EXPLORATION UPDATE Alex J. Davidson, Executive VP Exploration Denver Gold Forum - September 29, 2004 Goldstrike – Betze-Post Drift Project N Goldstrike Underground M E2004 IK L E 2 0 0Exploration 4 D R IL L P R O G R A M RODEO EAST 5 ,5 0 0 m A N T IP O S T G R IF F IN NORTH E X T E N S
Slide 19: Goldstrike Property 2005 Exploration
BARRICK GOLD EXPLORATION UPDATE Alex J. Davidson, Executive VP Exploration Denver Gold Forum - September 29, 2004 Goldstrike Property 2005 Exploration Preliminary budget of over $10 million Over 200,000 feet of drilling currently planned Testing for high grade material along the Post Fault and
Slide 20: Barrick Gold Exploration Update
BARRICK GOLD EXPLORATION UPDATE Alex J. Davidson, Executive VP Exploration Denver Gold Forum - September 29, 2004 20
Slide 21: Lagunas Sur
BARRICK GOLD EXPLORATION UPDATE Alex J. Davidson, Executive VP Exploration Denver Gold Forum - September 29, 2004 Lagunas Norte Lagunas Sur Alto La Bandera Lagunas EAST BLOCK Sur WEST BLOCK 21
Slide 22: Lagunas Sur – Section 1650
BARRICK GOLD EXPLORATION UPDATE Alex J. Davidson, Executive VP Exploration Denver Gold Forum - September 29, 2004 Lagunas Sur – Section 1650 Alto La Bandera 22
Slide 23: Barrick Gold Exploration Update
BARRICK GOLD EXPLORATION UPDATE Alex J. Davidson, Executive VP Exploration Denver Gold Forum - September 29, 2004 23
Slide 24: Bulyanhulu Buly South
BARRICK GOLD EXPLORATION UPDATE Alex J. Davidson, Executive VP Exploration Denver Gold Forum - September 29, 2004 Bulyanhulu 5km Buly South Adjacent to Bulyanhulu Favorable Buly stratigraphy including abundant feldspar porphyry intrusions and continuation of vein Buly South Confirmed mineraliz
Slide 25: Barrick Gold Exploration Update
BARRICK GOLD EXPLORATION UPDATE Alex J. Davidson, Executive VP Exploration Denver Gold Forum - September 29, 2004 25
Slide 26: Frontera District – Exploration Potential
BARRICK GOLD EXPLORATION UPDATE Alex J. Davidson, Executive VP Exploration Denver Gold Forum - September 29, 2004 Frontera District – Exploration Potential 28 million ounces of reserves discovered No exploration since 2000 District has excellent potential to find more Large land holding (3,0
Slide 27: Barrick Gold Exploration Update
BARRICK GOLD EXPLORATION UPDATE Alex J. Davidson, Executive VP Exploration Denver Gold Forum - September 29, 2004 27
Slide 28: Russia and FSU
BARRICK GOLD EXPLORATION UPDATE Alex J. Davidson, Executive VP Exploration Denver Gold Forum - September 29, 2004 Russia and FSU Huge country Large resource base Prospective geology Underexplored Russia Presence in Russia since 1995 Currently 8 exploration geologists in Moscow with 11 ac
Slide 29: Australia Turkey
BARRICK GOLD EXPLORATION UPDATE Alex J. Davidson, Executive VP Exploration Denver Gold Forum - September 29, 2004 Australia Tanami NW Telfer Woolgar Yeneena Northern Pajingo South Western Territory Plutonic Australia Queensland Lawlers Darlot Southern Kalgoorlie Australia Mount Gibson Zuleika South
Slide 30: Barrick Gold Exploration
BARRICK GOLD EXPLORATION UPDATE Alex J. Davidson, Executive VP Exploration Denver Gold Forum - September 29, 2004 Barrick Gold Exploration Excellent track record of exploration success One of the largest pipelines of advanced projects Focused on best gold districts in the world: (Goldstrike, A