Slide 1: Zambia: Focusing on growth as operations scale up
Zambia Focusing on growth as operations scale up
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 152 million discovery, now sold Assets1 pounds in 2021 (100%) MALI SENEGAL Loulo-Gounkoto Kibali 45% 80% DRC MALI Tongon 89.7% A Tier One discovery… 2
Slide 4: Highlights: The Lumwana success story
Highlights… The Lumwana success story … one of the largest producers of copper in Zambia 2006 2008 2019 2021 2019 to date December Lumwana’s financial fortunes have been drastically turned First around from a marginal copper asset to a world class Construction Barrick Gold Production operation start
Slide 5: Q3 2022 Highlights
Q3 2022 Highlights… Zero lost time injuries (LTIs) and zero Class 1 incidents recorded during Q3 20222 Lumwana on track to achieve full year copper production New drill results increase confidence in the geological, resource potential and opportunity of Lubwe to deliver the Super Pit Lumwana’s recap
Slide 6: Health and safety
Health and safety… Safety Zero fatalities recorded since 2016 LTIFR Lost Time Injury Frequency Rate (LTIFR)3 of less than 1.0 for the past 10 years (0.11 YTD 0.80 for 2022) Continued Journey to Zero Harm (J20H) program implementation and compliance 0.60 monitoring 0.40 Lumwana accredited to the inte
Slide 7: Health and safety
Health and safety… HIV programme District HIV Testing, Counseling and Treatment (HTCT) support – Donating USD $1,000 (ZMW 15,000) towards peer educators training for HIV/AIDS counselling Collaboration with local NGOs working in the surrounding communities in empowering people with HIV education and
Slide 8: Growth proposition and exploration
Growth proposition and exploration… Lubwe New drill results are increasing the confidence in the geological, resource potential and opportunity of Lubwe to deliver the Super Pit Kababisa Further drilling is planned after trenching confirmed surface sub-crop of Kababisa mineralization northeast of th
Slide 9: Lumwana continues to scale operations
Lumwana continues to scale operations… Improved copper production since Q1 2022, benefitting from recapitalisation Copper Production Mlbs (100% Basis) of new Komatsu fleet as we continue to scale operations at Lumwana 35 Steady increase in copper grades mined with a focus on waste stripping to 30 op
Slide 10: Lumwana's investment
Lumwana’s investment… Since 2011, Lumwana has contributed more than $8.2 billion to Total Direct and Indirect Taxes Zambia’s economy Paid (US$ Millions) $1.4 billion in the form of mineral Royalties and Taxes have been paid to 250 the Zambian Government, since 2011 200 Lumwana continues to grow Zamb
Slide 11: Environmentally focused
Environmentally focused… Lumwana partnered with the local community and the government to conserve the forest around its operations, and committed $2.3 million towards community training, introduction of alternative livelihoods and the implementation of the REDD+ project within the same area On beha
Slide 12: Long-term value for all our stakeholders
Long-term value for all our stakeholders through… partnerships, engagements and sustainable legacy Key highlights: Chiefdom Engagement: Memorandum of Understanding review to provide a new framework for the Community Development Committee; Lumwana Community trust operation and improved social benefit
Slide 13: Key stakeholder engagement
Key stakeholder engagement… Growth and Expansion New Business: Barrick is actively on the hunt for new investment opportunities to unlock additional value for the next Tier One Copper business1 as we continue to expand Tax Regime Export Duties on Copper: Waiver of export duties on copper to secure f
Slide 14: Lumwana leading the way in localization and transformation
Lumwana leading the way in localization… and transformation Lumwana Workforce Localization Women in Mining 100% "I joined Mining because I wanted a career that combined my 15 15 13 passion for adventure, discovery, science, love for nature, and 22 99% travelling. Geology ticked all the boxes for me.
Slide 15: Key achievements
Key achievements… Launch of the Business Accelerator Programme attended by the Minister for SME Lumwana awarded for outstanding Development Hon. Elias Mubanga support towards the Covid-19 fight by the North-Western Chamber of Commerce Shikezi Dam constructed by Lumwana and The fight against the erad
Slide 16: 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