Slide 1: lame
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Slide 2: District development: Tanzania – Lake Victoria Greenstone Belt
district development Tanzania – Lake Victoria Greenstone Belt
Slide 3: District development: Tanzania – Lake Victoria Greenstone Belt
district development Tanzania – Lake Victoria Greenstone Belt Barrick Properties Bulyanhulu Barrick Properties
Slide 4: District development: Tanzania – Lake Victoria Greenstone Belt
district development Tanzania – Lake Victoria Greenstone Belt Pangea properties Barrick properties Bulyanhulu Pangea properties Pangea properties Barrick properties
Slide 5: Regional geology
regional geology Tanzania – Lake Victoria Greenstone Belt GEITA BULYANHULU 10.5 Moz reserve Barrick Gold Corporation GOLDEN PRIDE
Slide 6: District development: Tanzania – Lake Victoria Greenstone Belt
district development Tanzania – Lake Victoria Greenstone Belt Musoma Geita Bulyanhulu Tulawaka Golden Pride Sekenke
Slide 7: Bulyanhulu district development
Bulyanhulu district development • 21 licenses • 2,000 sq. km. Bulyanhulu Golden Ridge
Slide 8: Sekenke district development
Sekenke district development • 26 licenses • 2,400 sq. km. Sekenke
Slide 9: Geita district development
Geita district development • 18 licenses • 1,200 sq. km. Geita Mine Bulyanhulu
Slide 10: Tulawaka district development
Tulawaka district development • 14 licences • 1,000 sq. km. Tulawaka Bulyanhulu
Slide 11: District development: Tanzania – Lake Victoria Greenstone Belt
district development Tanzania – Lake Victoria Greenstone Belt Musoma Geita Bulyanhulu Tulawaka Golden Pride Sekenke
Slide 12: Tulawaka district development
Tulawaka district development • 200 km. to Bulyanhulu • 1 million oz. resource • grade of Tulawaka 19 g/t Bulyanhulu
Slide 13: Tulawaka longitudinal section – east zone
Tulawaka longitudinal section – east zone L 1+00 W L 6+00 W L 5+00 W L 4+00 W L 3+00 W L 2+00 W L 1+00 E L 4+00 E L 2+00 E L 3+00 E L 0+00 1200m El. www www Surface TRC 499 TRC 500 TRC 471 TRC 501 TRC 466 TRC 469 TRC 441 TRC 491 1150m El. TRC 467 TRC 505 TRC 470 TRC 487 TRC 510 TRC 503 TRC 488 TRC 5
Slide 14: Tulawaka longitudinal section – east zone
Tulawaka longitudinal section – east zone L 1+00 W L 6+00 W L 5+00 W L 4+00 W L 3+00 W L 2+00 W L 1+00 E L 4+00 E L 2+00 E L 3+00 E L 0+00 1200m El. www www Surface TRC 499 TRC 500 TRC 471 TRC 501 TRC 466 TRC 469 TRC 441 TRC 491 1150m El. TRC 467 TRC 505 TRC 470 TRC 487 TRC 510 TRC 503 TRC 488 TRC 5
Slide 15: Tulawaka section – 0+62.5W
Tulawaka section – 0+62.5W gold zone C 53 bore hole 1 4 1 8 0 19 2 25 34 34 TR 2 10 25 25 intersection C D C C Talus zone C TR C C TR TD TR TR TR TR surface assay = g/t Au / laterite m upper saprolite 6.48/5m 1150m 1.57/1m lower saprolite 4.90/8m VEIN B VEIN 153.97/2.69m A bedrock 8.36/4.22m 1100m 2
Slide 16: Bulyanhulu district development
Bulyanhulu district development • 21 licenses • 2,000 sq. km. Itetemia Bulyanhulu Buly South
Slide 17: Surface geology
surface geology significant RAB results RAB results drilled with core significant RAB results over reef 1
Slide 18: Development reserves: 3.7 million oz., December 1998
development reserves: 3.7 million oz. december 31, 1998 1 km. 1 km.
Slide 19: Development reserves: 7.5 million oz., December 1999
development reserves: 7.5 million oz. december 31, 1999 reserves & resources: >10.4 million oz. 1.2 km. 2 km.
Slide 20: Development reserves: 10.5 million oz., August 2000
development reserves: 10.5 million oz. august 31, 2000 reserves & resources: >12.0 million oz. 4 km. 2 km.
Slide 21: September, 2000 drills working – definition, exploration
september, 2000 20 drills working – 18 definition, 2 exploration 2 km. KMC-707 KMC–590D KMC–640D KMC–699 KMC-689 KMC-727A 1.44 m Hthk in progress2.56 m Hthk results 2.42 m Hthk results @ 5.18g/t @ 25.11g/t pending @ 25.85g/t pending KMC–693A KMC-615B KMC-700E 3.78 m Hthk 2.63 m Hthk 2.48 m Hthk @ 6.
Slide 22: September, 2000 drills working – definition, exploration
september, 2000 20 drills working – 18 definition, 2 exploration 2 km. 7 km. KMC-707 KMC–590D KMC–699 KMC-689 KMC-727A 1.44 m Hthk in progress results 2.42 m Hthk results @ 5.18g/t pending @ 25.85g/t pending KMC-700E 2.48 m Hthk @ 19.42g/t KMC–640D KMC–693A KMC-615B 2.56 m Hthk 3.78 m Hthk 2.63 m Ht
Slide 23: Phase I development update: general overview
phase I development update general overview • april 2001 startup • on budget
Slide 24: Phase I development update: infrastructure
phase I development update infrastructure • 138 km powerline completed • water pipeline commissioned
Slide 25: Phase I development update: process facilities
phase I development update process facilities • construction of plant and infrastructure 67% complete • all major equipment is on site • mill startup 2001
Slide 26: Phase I development update: potential for expansion
phase I development update potential for expansion • 4,000 tonnes per day • 6,000 tonnes per day
Slide 27: Phase I development update: shaft sinking
phase I development update shaft sinking • production shaft at 320 meters • first station excavated • shaft in production in 2Q, 2001 • three ventilation shafts completed
Slide 28: Phase I development update: underground development
phase I development update underground development • 9,300 meters completed – 25% over feasibility • 3 Tanzanian development crews
Slide 29: Phase I development update: underground development
phase I development update underground development • grades consistent – thickness 10% greater • 121,000 tonnes @ 16g/tonne stockpiled
Slide 30: Phase I development update: training / staffing
phase I development update training / staffing • 50 Tanzanian development operators trained • 60 Tanzanians in training for process and maintenance • expatriate recruitment nearly complete
Slide 31: Phase I development update: community and environment
phase I development update community and environment • employee housing • World Bank environmental standards
Slide 32: Phase I and Phase II, main and east
MAIN EAST phase I phase II 4 km. 2 km.
Slide 33: Phase II: east zone
phase II east zone • 12/13 grams per tonne • 500-1000 tpd mining rate • adds 100,000 oz. to production • decline to begin early 2001 • 12 months to access ore
Slide 34: Phase II: east zone 2002 program
phase II east zone • 2002 program • delineate current reserve • carry out further exploration • begin development • 2003 production • $40 million capital expenditure
Slide 35: Phase III west and Phase IV
MAIN EAST phase I phase II WEST phase III 4 km. 2 km. phase IV
Slide 36: Phase III and Phase IV
phase III west zone • surface drilling to date • greater widths / higher grades • requires main shaft to access zone by drift phase IV deep main zone • great holes at depth • develop later in decade
Slide 37: Property summary
property summary present • total cash costs: $130 per /oz • total production costs: under $200 per /oz potential • increase reserves • reduce costs
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lame Ce Te - ey Laie “ Fidel afl
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