Barrick Mining Corporation · TSX:ABX
Barrick Mining — Investor Presentation (July 2022)
15 slides from Barrick Mining's investor presentation, July 2022
Slide 1: Reko Diq Copper-Gold Project
REKO DIQ…Copper-Gold Project New Frontier, Next Tier One Asset in the Making Islamabad, July 2022 Reko Diq Western Porphyry Deposits
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,
Slide 3: Barrick Partnering with our host countries
Barrick Partnering with our host countries purpose is foundational Loulo-Gounkoto 1 (80%) to our business operates on 4 Tongon (89.7%) continents in 18 countries Partnering with Reko Diq2 our host (24.5%) countries is foundational to our business purpose In April 2020, Porgera was placed on care and
Slide 4: Reko Diq…a Tier One Copper-Gold asset in the making
Reko Diq…a Tier One Copper-Gold asset in the making High Quality Genuine Interests Aligned for Emerging Future Facing Deposit Value Creation All Stakeholders Mining District Commodity Exposure One of the world’s largest Barrick prioritises asset A consortium of Pakistan Reko Diq and wider region Pur
Slide 5: Reko Diq…large undeveloped deposit in established geological belt
Reko Diq…large undeveloped deposit in established geological belt The Reko Diq project is contemplated to be constructed in 2 Phases subject to an updated feasibility study, with additional opportunity for a Phase 3 The current conceptual mine plan is based on 4 porphyry deposits within the Reko Diq
Slide 6: Project Scope…
Project Scope… Reko Diq 2010 Feasibility Reko Diq 2022 Conceptual Design (Subject to Change Following Updated Feasibility Study) Mine type Open Pit (2 Porphyry Deposits) Open Pit (4 Porphyry Deposits) Cu-Au Porphyry Cu-Au Porphyry Geology Process HPGR > Flotation Reviewing SAG-Ball > Flotation 40Mtp
Slide 7: Updated Feasibility Study Focus…
Updated Feasibility Study Focus… Efforts are underway to update the historical 2010 feasibility study – While not a complete ground-up rework of the 2010 feasibility study, the planned refresh of the historical study will focus on both de-risking key technical areas of concern today (such as power a
Slide 8: Framework Agreement Summary…
Framework Agreement Summary… Reconstituted Project 50% Barrick and 50% Pakistani shareholders split as follows: Govt. of Balochistan free carried interest 25% - consortium of state owned enterprises (SOEs) 10% 15% - Govt. of Balochistan (GoB) special purpose vehicle (SPV) funded by the Pakistan Gove
Slide 9: Investing in the future of Balochistan…
Investing in the future of Balochistan… Reko Diq will bring significant and lasting economic and social benefits to Balochistan and Pakistan Signals to global investors that Pakistan and Balochistan are open for investment The development of Reko Diq will make Balochistan one of the largest recipien
Slide 10: Seeking Leading Project Financing Partners…
Seeking Leading Project Financing Partners… Project financing with leading partners allows for sharing of project risks while potentially improving returns Barrick and the project partners are seeking to raise limited recourse financing as part of their financing plan for the development of Phase 1:
Slide 11: Progess to date…
Progess to date… Agreement in Principle… Formal signing between Barrick, Antofagasta, GoP and GoB on a framework providing for reconstitution of Reko Diq I Team completed site visit and engagement with Government of Balochistan N Team build up continues with key positions being filled I Bid for feas
Slide 12: The Path Forward…
The Path Forwardi… Definitive and Other Legalisation and Feasibility Study Potential Agreements Closing Production Barrick to complete a feasibility study update from Barrick and Pakistani Closing will occur when teams work towards legalisation process is allowing for a formal Reko Diq finalization
Slide 13: BARRICK… Taking ESG to the next level
Preventing environmental impact through recycling and reuse of water to reduce BARRICK… abstraction from natural resources We ensure we create a Taking ESG to Biodiversity management is not sustainable business that continues to uplift our host the next level only critical to the way we adapt commun
Slide 14: Reko Diq Camp
Reko.Diq Camp BARRICK (4)
Slide 15: Endnotes
Endnotes 1. A Tier One Copper Asset is an asset with a reserve potential of greater than five million tonnes of contained copper and C1 cash costs per pound over the mine life that are in the lower half of the industry cost curve. A Tier One Gold Asset is an asset with a reserve potential to deliver