Slide 1: 13 years of building a new frontier in the DRC
Operated by 13 years of building a new frontier in the DRC… Kibali, March 2023
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: Barrick - Africa's largest gold producer
Barrick - Africa’s largest gold producer Focusing on Tier One and Jabal Sayid 50% Strategic Morila 40% SAUDI ARABIA A Tier One Barrick EGYPT Produced 151 million discovery, now sold Assets1 pounds in 2022 (100%) MALI SENEGAL Loulo-Gounkoto Kibali 45% 80% DRC MALI Tongon 89.7% A Tier One discovery… A
Slide 4: We are building a business for the long-term with sustainable future growth
We are building a business for the long-term with sustainable future growth… Our vision is to be the world’s most valued gold and copper mining business by finding, developing and operating the best assets with the best people to deliver the best returns, on a sustainable basis, to our owners and pa
Slide 5: Kibali investment in the DRC exceeds $4.6 billion
Kibali investment in the DRC exceeds $4.6 billion… OPENED UP ECONOMY IN NORTHEAST DRC CREATING SUSTAINABLE BUSINESSES – EDUCATION AND SKILLS TRAINING 2009 2010 2010 2011 2012 2012 2013 2013 Randgold and SOKIMO offered to Kibali doubles Construction Social upliftment - Portion of permit Resettled 4,2
Slide 6: Achievements in 2022
Achievements in 2022… Q4 was the strongest quarter of production in 2022 Third consecutive quarter of improved plant throughput Gold production Kibali’s mine life again extended beyond 10 years - (Koz on a 100% basis) mineral reserves increased, net of depletion, for the fourth 900 successive year 8
Slide 7: Q1 update… Delivering on our 2023 business plan
Q1 update… Delivering on our 2023 business plan Gold production in line with plan Minister of Mines approved community development projects under the 0.3% commitment to the social development fund Kalimva-Ikamva and Pamao Resettlement Action Plans continue In partnership with the DRC health authorit
Slide 8: People & Partnerships
People & Establishing an Academy of Leadership and Partnerships Management Development Developing 3 training programmes for 3 levels of Senior Managers & Managing Departments management Superintendents Being a Business Owner From Managing Foremen & Managing Sections Engineers Individuals/Team Member
Slide 9: Growing our future through investing in education
Growing our future through investing in education… Continued investment in training and upskilling of young talent in and around our local community Beneficiary of Kibali’s bursary program holds successful exhibition during the International Women’s Day celebration, following completion of art studi
Slide 10: Health and Safety
Health and Safety… Safety LTIFR3 Implementation of a new safety strategy as part of the Journey to Zero and 7 reinforced with the responsibility to Stop Unsafe Work 6 Increased awareness and further training across operations, including contractors 5 4 Malaria 3 Malaria incidence rate of 1.21% in Q1
Slide 11: Kibali leading the way in localisation & transformation
Kibali leading the way in localisation & transformation…… National Casuals & Interns 192 (3%) Expat Expatriates: Expat Contractors Employees 144 (2%) (336) 5% 192 (3%) National Employees 1,795 (28%) Nationals: National Contractors (6,040) 95% 4,053 (64%)
Slide 12: Community development
Community development… Education/Capacity Building/Garamba Alliance Driving Sustainable Value through Local Partnerships Two modern schools constructed Ongoing partnership with USAID through Garamba Alliance for Partnerships for biodiversity with USAID ongoing sustainable development in the region D
Slide 13: Investing in the future of Africa's biodiversity
Investing in the future of Africa’s biodiversity… Holistic feasibility assessment complete – project implementation recommended Overall plan: Re-introduction of white rhino to the Garamba National Park First 16 rhinos already captured and being monitored in South Africa Preparatory works are on trac
Slide 14: Infrastructure and Development
The Kibali gold mine in the Haut-Uele province of northeast Democratic Infrastructure Republic of Congo is a standout example of how Barrick’s self-powered and microgrid infrastructures are configured to sustainably deliver cheaper energy with reduced environmental impact. Development 14
Slide 15: Kibali…Powering our Green Agenda
Kibali…Powering our Green Agenda Transition to Renewable Energy 100% 2015 to 2017: Nzoro hydrostation capacity of ~22 90% MW, which increases hydro energy blend to ~55% DIESEL SOLAR 80% 2017: Ambarau hydrostation online with ~11MW installed capacity 70% 2018: Azambi hydrostation energized with ~11MW
Slide 16: Building a community
Building a community… Nzopi Modern Public Market Kokoro Road /(Mangbutu Sector) as Festive celebrations of International progress/CDC part of CDC projects Women’s Day Kokoro road /(Mangbutu Sector) Garamba Alliance Launches Challenge Fund Water point in Avokala rehabilitation Initiative
Slide 17: Investing for 2023 and beyond
Investing for 2023 and beyond… the Future Continued focus on extending Kibali’s life of mine with world class exploration and resource conversion programs to extend Tier One status Continue to build on foundation to expand exploration within the DRC Continue to explore for additional reserves to rep
Slide 18: Building the exploration pipeline
Building the exploration pipeline… Step out drilling at Mengu Hill confirms continuity of the high-grade material 400m down plunge from the deepest holes in support of a potential underground (UG) opportunity 2021 Resource Pit Diamond drilling at Agbarabo testing high-grade for an UG opportunity 202
Slide 19: Mengu Hill…Satellite UG opportunity
Mengu Hill…Satellite UG opportunity First step-out drill fence confirms high grade continues 400m down plunge Geology Plan Map First drill fence completed supporting NW SE Fence 1 Upper potential for a satellite UG project volcanoclastic N looking NE domain Mineralisation hosted in folded BIFi Drill
Slide 20: Central-East African footprint…Three Tier One Terrains
Central-East African footprint…Three Tier One Terrains CAR South Sudan Kibali NE DRC: Proven success at Kibali supported by additional structure and belt scale opportunities Uganda Kenya North Mara Rwanda Lake Victoria Goldfields: Extensive preserved Burundi Bulyanhulu discovery potential in a highl
Slide 21: 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 Strategic Asset is an asset which
Slide 22: Appendix A – Kibali Significant Intercepts
Appendix A – Kibali Significant Interceptsi Interval (m) Width i. All intercepts calculated using a 0.5 g/t Au cutoff and are uncapped; minimum intercept width is 2 m; Target Hole IDii Northing Easting RL Azimuth Dip Au (g/t) From To (m iii ) internal dilution is equal to or less than 25% total widt