Slide 1: 11 years of building an economy in North Eastern DRC
Operated by 11 years of building an economy in North Eastern DRC… Kibali, October 2021
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 Barrick’s strategy, projects, plans, or future financial or operating performance, constitutes “forward-looking statements”. All state
Slide 3: Our Global Business
Our Global Business… In April 2020, Porgera was placed on care and maintenance. Porgera’s ownership is subject to change pursuant to the framework agreement signed with the government of Papua New Guinea on April 9, 2021
Slide 4: Benefits the Kibali investment has brought to the NE DRC
Benefits the Kibali investment has brought to the NE DRC… OPENED UP ECONOMY IN NORTHEAST DRC CREATING SUSTAINABLE BUSINESSES – EDUCATION AND SKILLS TRAINING 2009 2010 2010 2010 2010 to 2017 2011 2010 to date 2010 to date Randgold and SOKIMO offered to Kibali doubles Public Resettled 6,000 Constructi
Slide 5: Kibali before… Doko-Durba 2006 - 2010
Kibali before… Doko-Durba 2006 - 2010
Slide 6: Kibali … what we found and what we've established
Kibali … what we found and what we’ve established
Slide 7: Kibali … what we found and what we've established
Kibali … what we found and what we’ve established
Slide 8: Kibali … what we found and what we've established
Kibali … what we found and what we’ve established
Slide 9: Kibali … what we found and what we've established
Kibali … what we found and what we’ve established
Slide 10: Durba today
Durba today... gq XIBALI CH GOLD MINE
Slide 11: Durba today
Durba today… Filling station Sponsored sport activities Aerial view of Durba, a growing town Toyota dealership Sponsored sport activities Surur stadium
Slide 12: Q3 update… delivering on the 2021 business plan
Q3 update… delivering on the 2021 business plan Kibali on track to deliver on production guidance for the year and grow mineral reserves in excess of annual depletion Exploration drilling extends KCD mineralized system 500m down plunge In partnership with the DRC health authorities 1,048 people were
Slide 13: Q3 update… delivering on the 2021 business plan
Q3 update… delivering on the 2021 business plan Power Management upgrade for reactive power control using the batteries completed to further reduce diesel generation Close-out of sections 5 and 6 on the Durba concrete road In our journey towards International Cyanide Management Institute (ICMI) accr
Slide 14: Safety, Environment and Bio-diversity
Safety, Environment and Bio-diversity… LTIFR Safety 7 Zero LTIs recorded during Q3 6 Lost Time Injury Frequency Rate (LTIFRi) in Q3 2021 of 0.00 vs 0.31 in Q3 5 2020 4 3 ISO 45001 internal contractor and departmental audit conducted 2 J20H site implementation as a strategy to reduce the incidents 1
Slide 15: Kibali biodiversity…the Garamba initiative
Kibali biodiversity…the Garamba initiative Biodiversity offsets – developing new model for conservation and mining collaboration Elephant collaring Upgrading infrastructure
Slide 16: Health
Health… Malaria Malaria Incidence Rate (%) 150 Recorded malaria incidence rate of 1.96% in Q3 2021 vs 3.12% for the 125 same period in 2020 100 75 Indoor Residual Spraying (IRS) in the camp, exclusion zone, junior 50 25 village and surrounding villages 0 2011 2012 2013 2014 2015 2016 2017 2018 2019
Slide 17: Covid-19
Covid-19… Vaccination programme continues on site with the support of government health authorities with second doses of AstraZeneca delivered and applied In process of securing Covax Moderna vaccines, expected on site in October Currently, 21% of employees and contractors are partially vaccinated c
Slide 18: Kibali Underground
Kibali Underground… Underground Mine Productioni 819kt ore mined in Q3 2021 Delivery of 775kt ore through the shaft 2,135m of development in Q3 2021 Paste plant achieved volumes of 344,900m3 in Q3 2021 UG ore tonnes Q3 2021i Development metres Q3 2021i 500 Ore tonnes hoisted - shaft Ore tonnes mined
Slide 19: Plant Performance
Plant Performance… Plant Throughput (kt)i Recovery 90.6% Q3 2021 1,938 89.6% Q2 2021 1,991 88.6% 90.5% Q1 2021 1,986 90.4% Q4 2020 1,949 87.6% 89.2% Q3 2020 1,916 86.6% Q2 2020 1,905 85.6% 1,600 1,650 1,700 1,750 1,800 1,850 1,900 1,950 2,000 Jul Aug Sep 1,938kt treated at a milling rate of 470tph Q
Slide 20: Hybrid power supply to Kibali's Microgrid
Hybrid power supply to Kibali’s Microgrid… Base load supplied by hydropower schemes and topped up by on site thermal station Average power demand for the Kibali mine is 40MW Baseload power supply Top-up power supply Nzoro 2 Central thermal station 22MW run-of-river scheme on 32MW high speed Nzoro ri
Slide 21: Single line diagram of the Kibali electrical network
Single line diagram of the Kibali electrical network…
Slide 22: Power Generation: Hydro / Diesel Power Blend
Percentage Blend – Power Generation 52% 48% 49% 51% 64% 36% 74% 26% 72% 28% 76% 24% 78% 22% 87% 13% 84% 16% 80% 20% 47% 53% 28% 72% Power Generation… 24% 76% 48% 52% 60% 40% 86% 14% 89% 11% Hydro / Diesel Power Blend 88% 12% 88% 12% 90% 10% Hydro 90% 10% 89% 11% 87% 13% 76% 24% Diesel 58% 42% 62% 38
Slide 23: Improving our power supply and reliability
Improving our power supply and reliability… Our grid stabiliser Power Transformer Transfo Elévateur 400V/11000V Lithium Ions Breaker ABB Battery 11kV/630A 5 battery bank (container) Nominal Power: 6.25MW Max Power (10”): 9.375MW Bi-directional Power Inverter Peak Power (10’’): 10.375MW
Slide 24: DRC Kibali, KZ Trend… Building the resource replacement Pipeline
DRC Kibali, KZ Trend… Building the resource replacement Pipeline Kalimva Priority target Drilling confirms high-grade shoots extend Other target N Ikamva >100-280m down plunge Deposit Open pit Kalimva Phase 2 drilling underway – testing 400m x Geology BIF 2km panel Clastic seds. Undif. volcaniclasti
Slide 25: Exploration extends Kibali system +500m down plunge
Exploration extends Kibali system +500m down plunge… Long Section (parallel to plunge) DDD604 Planned DDD603 DDD602 SW NE Sessenge KCD surface UG Development 750vm 250m (h=v) Successful Exploration Strategy: KCD System Bold step-outs validate a robust geologic model that accurately Intersected proje
Slide 26: Kalimva…testing ~2km strike on mineralized shear
Kalimva…testing ~2km strike on mineralized shear Long section- lithology intersections with host shear HW Long Southern Central CS section Northern N Shoot Shoot Shoot Shoot $1,200/oz pit ? Phase 1 holes Phase 1 holes inside shoots outside shoot ? 200m (h=v) Metasediment Mafic vol. Vol. clastics BIF
Slide 27: Kibali Employees in Q3 2021
Kibali Employees in Q3 2021… Local workers (contractors included) by provinces National Casuals PROVINCE NUMBER OF PEOPLE % OF NATIONALS GRAND ORIENTAL % Expat 215 (4%) Expat 1 HAUT UELE 1,616 31.8% Employees Contractors 2 3 BAS UELE TSHOPO 289 256 5.7% 5.0% 58.1% 224 (4%) 133 (2%) 4 ITURI 795 15.6%
Slide 28: Local contractors and supply strategy… more than CSR
Local contractors and supply strategy… more than CSR Total of $95 million spent on local contractors YTD, including $16.7 million during Q3 2021 Ongoing civil construction and roadworks performed by Congolese contractors (IOB, TES and BTC) Partnership with Congolese engineering contractor (TES) for
Slide 29: Committed to our partnership philosophy… local and international spend
Committed to our partnership philosophy… local and international spendi Specialist contracts Construction General services Total contract Shaft sinking contract and supply chain spend Underground mining contract Master drilling $ million $ million $ million $ million 3,000 300 1,200 4,000 2,500 3,50
Slide 30: Committed to our partnership philosophy… the making of our local contractors
Committed to our partnership philosophy… the making of our local contractors On the job training as we build Kokiza township together Leasing of brick laying machines Award of various construction contracts Over 800 houses rebuilt at Kibali’s cost Early involvement in civil works for road constructi
Slide 31: Kibali makes a difference…Q3 2021
Kibali makes a difference…Q3 2021 Stakeholders Engagement Community Forum restructured, with Kokiza and all the Decentralized Territorial Entities now represented Discussion on the cahier de charge continued Education/Capacity building Payment of participation fees for 1,563 students to the national
Slide 32: Kibali… People, Partnerships and Sustainable Profitability
Kibali… People, Partnerships and Sustainable Profitability Facilitating the emergence A 10 year vision built on a of a thriving economy 5 year foundation Automation - Newtrax Efficiencies Reducing carbon footprint Continued automation Licence to operate our partnerships sustainability Visit of the M