Slide 1: Kibali powers ahead while Barrick plans for further investments in DRC
Operated by Kibali powers ahead while Barrick plans for further investments in DRC… Kinshasa, March 2022
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,
Slide 3: Kibali investment in the DRC reaches $4 billion
Kibali investment in the DRC reaches $4 billion… OPENED UP ECONOMY IN NE DRC CREATING SUSTAINABLE BUSINESSES – EDUCATION AND SKILLS TRAINING 2009 2010 2010 2010 2010 2011 2010 to date 2010 to date Randgold and SOKIMO offered to Kibali doubles Public Resettled 4,200 Construction Social upliftment - R
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 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 partners. We
Slide 5: Sustainable, responsible partnerships
Sustainable, responsible partnerships… WE PRIORITISE THE PRIMACY OF LOCAL HIRING PARNERSHIPS AND BUYING We build the skills and We invest in real partnerships with mutual LICENCE capacity of host country workers and vendors to responsibility - we must be a trusted long term TO multiply our positive
Slide 6: Kibali 2021 operating results
Kibali…2021 operating results 2021 production and cost guidance achieved, with all metrics within the Kibali (100%) 2021 2020 guidance ranges (812koz at 100%) Ore tonnes processed (000) 7,783 7,632 Production and all per ounce cost metrics in Average grade processed (g/t) 3.62 3.68 2022 consistent y
Slide 7: Steady performance
Steady performance… Plant Performance (100% Basis) Solid Plant Performance (100% Basis) 7,783kt processed in 2021 Tonnes 000 % Steady increase in plant recovery since 2019 - 8,000 91 89.8% recovery achieved in 2021 89 Q1 performance on track to meet plan 7,500 87 7,000 85 6,500 83 81 6,000 79 5,500
Slide 8: Kibali replaces what it mines and builds potential for additional reserves
Kibali replaces what it mines and builds potential for additional reserves… Sessenge KCD Pit Pit 2022: 3000 Lode conversion target 3000 Lode 5000 Lode 2021: 3000 Lode 9000 Lode P&P Mineral Reserve 11000 Lode Extension Actual Development Development Design 2021: 9000 Lode P&P Mineral Reserve Extensio
Slide 9: Building the exploration pipeline
Building the exploration pipeline… Current drilling program at Kalimva confirming potential at depth (300m vertical distance) 2021 Resource Pit 2021 Reserves Pit High-grade mineralization Kibali OCsystem Reservesopen down plunge at Mengu Hill. Follow up program motivated Exploration Target Ikamva De
Slide 10: Kalimva testing potential for UG opportunity
Kalimva…testing potential for UG opportunity Objective to test the continuity and tenor of high-grade shoots down to +300 vertical depth below a $1,200/oz pit Testing for a ‘damage zone’ panel, with mineralization encountered both inside and outside of interpreted shoots, interpreted to be related i
Slide 11: KZ-South multiple targets with extensive scale
KZ-South…multiple targets with extensive scale KZ South (Zambula, Birindi and Zakitoko), located ~25km from the plant presents multiple open-pit opportunities A large-scale mineralized structure tested with only sparse drilling presents a significant early-stage opportunity Mineralization is hosted
Slide 12: Q1 update: Delivering on the 2022 business plan
Q1 update… Delivering on the 2022 business plan No lost time injuries (LTIs) or significant environmental incidents5 recorded for Q1 thus far In partnership with the DRC health authorities, vaccination of workforce and community members continued – 60% of our employees are vaccinated Solid Q1 foreca
Slide 13: Health & Safety
Health & Safety… Safety Zero Lost Time Injuries (LTI) recorded during Q1 2022 to date LTIFR6 ISO 45001 re-certification by external audit 7 6 Journey to Zero Harm (J20H) initiative implemented to reduce safety incidents 5 Hazards and Risks inventory on high risk activities 4 3 Malaria programme 2 1
Slide 14: Women in Mining Kibali on the right track
Women in Mining…Kibali on the right track Some of our outstanding women at Kibali Driving increased employment of women in the traditionally male- dominated mining industry through targeted recruitment Guylaine Bhaloba campaigns and development programs designed to equip them Community Liaison Offic
Slide 15: Environment and Bio-diversity update
Environment and Bio-diversity update… Fresh water abstracted per 1.2 tonne of ore treated ISO 14001 certification maintained and new objectives for 1.0 the year established 0.8 0.6 Project for water reuse initiated – aim to reduce Kibali 0.4 River water abstraction and to improve internal 0.2 recirc
Slide 16: Investing in the future of Africa's biodiversity
Investing in the future of Africa’s biodiversity… Feasibility Study has commenced for the reintroduction of white rhino into the Garamba National Park The plan envisages the relocation of around 50 white rhinos to Garamba - critical in the long-term plan to protect this species. Barrick is the sole
Slide 17: Kibali Employees in Q1 2022
Kibali Employees in Q1 2022… National Casuals Expat 242 (4%) Expat Employees Contractors 220 (4%) 144 (2%) National Employees 1,715 (29%) National Contractors 3,620 (61%)
Slide 18: Community development
Community development… Stakeholder Engagement Celebration of International Women’s Day with local women's associations. Approximately 300 women participated in the conference organised under the theme “Equality today for a sustainable future” 2 capacity building workshops held in Isiro and Lubumbash
Slide 19: 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