Barrick Mining Corporation · TSX:ABX
Barrick Mining — Investor Day (February 2020)
29 slides from Barrick Mining's investor day presentation, February 2020
Slide 1: Exploration at Barrick
Exploration at Barrick Investor Day 2020, Rob Krcmarov EVP, Exploration & Growth
Slide 2: Exploration strategy that delivers value
Exploration strategy that delivers value… Growth through organic discovery and post-acquisition addition Low-cost accretive value for Barrick Carlin Complex Donlin Gold Cortez Pueblo Viejo Turquoise Ridge Kibali Loulo-Gounkoto Veladero Lagunas Norte Alturas Goldrush Tongon Fourmile Acquired Adde
Slide 3: Orebody knowledge...key to optimizing value
Orebody knowledge...key to optimizing value Focus on geological controls, orebody knowledge and integrated planning is our distinct competitive advantage Exploration Geological progress since merger with Randgold Implementation of Exploration and MRM function and culture at all mines. Representati
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 Barrick mines and projects 3 - 5Moz 5 – 10Moz Exploration presence in under-explored or emerging frontiers >10Mo
Slide 5: Cortez District…opportunities
Cortez District…opportunities Nevada, USA Cortez Complex (100% basis)2 P&P: 9.9Moz at 2.77g/t Dorothyi Robertson M&I: 21.3Moz at 3.50g/t N 2.7m at 180.3g/t (FM19-14D) Inferred: 3.6Moz at 1.44g/t Dorothy Crossroads to Sophiai Sophiai Robertson 9.9m at 48.4g/t (FM20-153D) Fourmile 9.8m at 48.5g/t (FM1
Slide 6: Carlin Trend…exploration
Carlin Trend…exploration Nevada, USA Evidence of high grade mineralisation Drilling in progress at Ren between Basin Bounding Fault and Leeville N “Sinkhole” breccia target Multiple intercepts up to Early drill results in Leeville area show 5.2m at 10.9g/t along the Goldstrike North Leeville - follo
Slide 7: Leeville…growth
Leeville…growth Nevada, USA 2019 Orebody Footprint Basin Bounding Fault is the Model Improvements 2019 Inferred Resource Expand Search Space Growth Potential western boundary of the deposit A A’ Mine Extent Upper Plate Drill intercepts > 4.1 g/t New drill results together with No Significant Interce
Slide 8: Turquoise Ridge – Twin Creeks
Turquoise Ridge – Twin Creeks… Nevada, USA Sparsely tested corridor between two giant deposits Focus is on improving deposit geology at both mines, in parallel with re-logging available deep drill holes Structurally complex with evidence of leakage Multiple targets emerging for both expansion and ne
Slide 9: Hemlo…doubling the search space
Hemlo…doubling the search space Ontario, Canada Black Fly Zone Black Fly trench program extents Doubled the search space by partnering on two Projected holes intersecting >3g/t gold properties east of Hemloi Projected holes intersecting <3g/t gold Mine shafts Golden David Multi-gram gold anomalies d
Slide 10: LATAM portfolio…a work in progress
LATAM portfolio…a work in progress Dominican Republic structural ,model New predictive Drilling validates target Pueblo Viejo Broadening growth mandate to Guiana Shield greater region Negotiations to Guiana Shield consolidate properties Veladero Strategy Northern Peru Exploring the Jurassic High gra
Slide 11: Dominican Republic…prospective belts
Dominican Republic…prospective belts Revised structural model enabling prediction of controls and offsets to mineralisation. 4 new satellite targets identified Barrick JV with Precipitate Drilled Mejita NE target with a 4-hole initial campaign Pueblo Viejo obtaining gold mineralisation over an area
Slide 12: Chile – El Indio Camp
Chile – El Indio Camp... Pueblo Viejo LATAM World class gold endowment El Indio is one of three large alteration centres in the Lagunas Norte Pascua Zaldivar Lama Veladero belt Pascua Norte Abierto Lama Veladero Veladero and Del Carmen/Alturas districts contain large El Indio Belt disseminated high
Slide 13: Bambadji…extensive new mineralised corridor
Bambadji…extensive new mineralised corridor and new host rocks unlock new district potential Gara 250m Loulo 3 KBWRC018i 60m brecciated and altered Yalea breccias with sulphides Volcanic KBWDH005i Rocks Sedimentary 46m altered and strongly Rocks sulphidized breccias KBWRC019i LATIFAi 44m altered and
Slide 14: Loulo District…Senegal-Mali
Loulo District…Senegal-Mali Baboto N Loulo Permit Gara Loulo 3 Yalea Yalea Transfer Zone confirmed down plunge extensions Loulo Permit Framework drilling underway at Yalea Shear South to guide Latifa Gounkoto aggressive step-out program in 2021 Kabewest Permit Dakota Initial Yalea Ridge scout
Slide 15: Yalea Structural Corridor
Yalea Structural Corridor... 12.5km strike length of exploration upside Yalea South Yalea System Loulo 4 Loulo 3 Loulo 2/3 Loulo 2 Loulo 1 Kossanto Dike 100m VD ? ? ? ? L3L2DH005i 3.10m at 27.39g/t ? L3DH265i 25.15m at 3.12g/t 6.85m at 5.81g/t Yalea Shear Yalea Structure 4.45m at 3.40g/t YDH298W1i 4
Slide 16: Yalea high-grade extensions continue
Yalea high-grade extensions continue… Scout drilling extends shoot trend 480m south of 2019 Block Model Thicker and higher-grade zones appearing down plunge of the Panel Zone Next Steps: 180m step-out hole underway down plunge of YDH298W2 and 660m south of 2019 Block Model Test Panel Zone up
Slide 17: KZ Structure…resource replacement pipeline
KZ Structure…resource replacement pipeline DRC Kalimva-Ikamva Ikamva Kalimva Oere Mengu HiIl Pamao Mofu Kibali on track to grow mineral Pakaka reserves, net of 2020 depletion Pakaka Kombokolo Agbarabo Robust mineral resource growth Kanga Sud Gorumbwa KCD pipeline and mineral reserve KCD Gorumbwa con
Slide 18: Central and East Africa…Congo – Tanzania Craton
Central and East Africa… Congo – Tanzania Craton Central African Republic South Sudan Full re-log and remodeling of North Mara deposits identifies multiple open target areas Kibali with the potential to grow resources Uganda N Ngayu Belt Bulyanhulu high grades validated down plunge Kenya Robust mine
Slide 19: Appendix A – Fourmile Significant Intercept Table
Appendix A – Fourmile Significant Intercept Tablei Drill Results Returned Q3 2020 i. All intercepts calculated using a 5 g/t Au cutoff and are uncapped; minimum intercept width is 0.8m; internal dilution is less than 20% Core Drill Holeii Azimuth Dip Interval (m) Width (m)iii Au (g/t) total width ii
Slide 20: Appendix A – Fourmile Significant Intercept Table
Appendix A – Fourmile Significant Intercept Tablei Previously Reported Drill Results Presented Q3 2020 i. All intercepts calculated using a 5 g/t Au cutoff and are Core Drill Holeii Azimuth Dip Interval (m) Width (m)iii Au (g/t) uncapped; minimum intercept width is 0.8m; internal dilution is less th
Slide 21: Appendix B – Carlin Trend Significant Intercept Table
Appendix B – Carlin Trend Significant Intercept Tablei,ii Drill Results Presented Q3 2020 i. All intercepts calculated using a 5 g/t Au cutoff and are Width uncapped; minimum intercept width is 0.8m; internal dilution Core Drill Holeiii Azimuth Dip Interval (m) Au (g/t) is less than 20% total width
Slide 22: Appendix C – Leeville (Carlin) Significant Intercept Table
Appendix C – Leeville (Carlin) Significant Intercept Tablei Drill Results from Q3 2020 i. All intercepts calculated using a 3.4 g/t Au cutoff and are uncapped; minimum intercept width is 3.0m; internal dilution is less than 20% total width Core Drill Holeii Azimuth Dip Interval (m) Width (m)iii Au (
Slide 23: Appendix D – Pueblo Viejo Significant Intercept Table
Appendix D – Pueblo Viejo Significant Intercept Tablei Drill Results from Q3 2020 i. All intercepts calculated using a 0.5 g/t Au cutoff and are uncapped; a minimum intercept length of 10m is reported, with internal dilution of Core Drill Holeii Azimuth Dip Interval (m) Width (m)iii Au (g/t) no more
Slide 24: Appendix E – Bambadji Significant Intercept Table
Appendix E – Bambadji Significant Intercept Tablei Drill Results from Q3 2020 Including i. All intercepts calculated using a 0.5 g/t Au cutoff and are uncapped; minimum intercept width is 2m; internal dilution is equal to or less Lode Drill Holeii Azimuth Dip Interval (m) Width Au (g/t) Interval (m)
Slide 25: Appendix E – Bambadji Significant Intercept Table
Appendix E – Bambadji Significant Intercept Tablei Drill Results from Q3 2020 Including i. All intercepts calculated using a 0.5 g/t Au cutoff and are uncapped; minimum intercept width is 2m; internal dilution is equal to or less Lode Drill Holeii Azimuth Dip Interval (m) Width Au (g/t) Interval (m)
Slide 26: Appendix F – Loulo-Gounkoto Significant Intercept Table
Appendix F – Loulo-Gounkoto Significant Intercept Tablei Drill Results from Q3 2020 Lode Drill Holeii Azimuth Dip Interval (m) Width (m)iii Au (g/t) Transfer Zone YADH147 68.98 -61.78 902.6-907.3 4.70 1.98 i. All intercepts calculated using a 0.5 g/t Au cutoff and are uncapped; minimum intercept wid
Slide 27: Appendix F – Loulo-Gounkoto Significant Intercept Table
Appendix F – Loulo-Gounkoto Significant Intercept Tablei Drill Results from Q3 2020 Lode Drill Holeii Azimuth Dip Interval (m) Width (m)iii Au (g/t) i. All intercepts calculated using a 0.5 g/t Au cutoff and are uncapped; minimum Transfer Zone YADH170 67.00 -63.00 1168.9-1171 2.10 1.16 intercept wid
Slide 28: Appendix F – Loulo-Gounkoto Significant Intercept Table
Appendix F – Loulo-Gounkoto Significant Intercept Tablei i. All intercepts calculated using a 0.5 g/t Au cutoff and are uncapped; minimum intercept width is 2m; internal dilution is equal to or less than 2m Drill Results from Q1 to Q3 2020 total width. ii Lode Drill Hole Azimuth Dip Interval (m) Wid
Slide 29: Endnotes
Endnotes 1. A Tier One Gold Asset is a mine with a stated life in excess of 10 years, 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. 2. Nevada Gold Mines Resources (inclusive of Reserves) a