Barrick Mining Corporation · TSX:ABX
Barrick Mining — Corporate Update (October 2021)
22 slides from Barrick Mining's corporate update, Oct 2, 2021
Slide 1: Mali: Delivering value through strong local partnerships
Mali Delivering value through strong local partnerships Media briefing…October 2021 1
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: Delivering on Q3 business plan
Delivering on Q3 business plan… No LTIsi or major environmental incident recorded during Q3 Loulo-Gounkoto on track to deliver on production guidance and replace annual depletion with reserve growth for the year extending mine life further Successful Covid-19 vaccination campaign continues with more
Slide 5: Safety, health and environment
Safety, health and environment… Year on Year LTIFR/Million Hours Worked Safety 1.40 No LTIs recorded in Q3 2021 1.20 Mines remain ISO 45001:2018 Safety Management System 1.00 certified 0.80 Proactive management of health and safety risks under the 0.60 guidance of strong safety leadership to decreas
Slide 6: Safety, health and environment
Safety, health and environment… HIV HIV Positivity Rate (%) Collaboration with local NGOs working in surrounding villages to 2.0 empower people with HIV education and preventative program 1.5 Preventative action includes mass sensitization and distribution of condoms and flyers 1.0 Loulo and Gounkot
Slide 7: Gounkoto open pit
Gounkoto open pit… Ore Tonnes Mined Q3 2021i 140 Optimised dumping strategy to save on truck hours -- 120 haulage distance, truck requirements and mining cost 100 Thousand reduction 80 60 Blast Logic program fully implemented for enhanced drill 40 and blast QA/QC and floor control 20 102 133 77 Succ
Slide 8: Loulo UG development and mining
Loulo UG development and mining… UG Ore Tonnes Q3 2021i 800 Ore tonnes achieved during Q3 2021 – 670kt 700 Overall mining compliance maintained above 83% 600 500 564 549 529 400 Lateral development achieved during Q3 2021 - 3.3km 300 Training of national jumbo operators ongoing to 200 100 ensure rep
Slide 9: New Gounkoto UG development and mining
New Gounkoto UG…development and mining 27.6kt ore mined in Q3 2021 1km lateral development achieved in Q3 2021 UG Ore Tonnes Q3 2021i 30 25 28 20 15 10 12 5 - Q1-21 Q2-21 Q3-21 Stopes Tonnes Development Tonnes Development Metresi Q3-21 1,039 Q2-21 992 Q1-21 827 - 200 400 600 800 1,000 i On a 100% ba
Slide 10: Solar power plant at Loulo-Gounkoto provides significant CO2 emission savings
Solar power plant at Loulo-Gounkoto provides significant CO2 emission savings… Since commissioning in August 2020 the Loulo solar power plant has saved almost 30,000 tonnes of CO2 emissions Solar power produced - MWh Cumulative CO2 emissions saved - tonnes 5 000 35 000 4 500 30 000 4 000 3 500 25 00
Slide 11: Loulo District potential emerging new discoveries
Loulo District… potential emerging new discoveries V Loulo Bambadji JV N Permit Multiple priority targets advanced during Q2 in Loulo 1 various settings Gara Loulo 4 Loulo Permit Kabewest Further drilling continued to reinforce a robust Auger anomaly Yalea Yalea Ridge Yalea Ridge potential emerging
Slide 12: Yalea Ridge potential emerging new discovery
Yalea Ridge… potential emerging new discovery Yalea Ridge Looking West N V Yalea Ridge Main Yalea Ridge North Yalea Ridge South 0RL Latest drill resultsi: 2.33 m @ 52.95g/t Au 8.70 m @ 13.94g/t Au 13.95 m @ 7.44g/t Au 3.90 m @ 18.79g/t Au 150m Additional results pending Sub-parallel to Yal
Slide 13: Loulo-Gounkoto development of local skills
Loulo-Gounkoto…development of local skills Total Employees: 5,621 Nationals: 5,346 (95%) – Community: 1,214 Expats: 275 (5%) Contractors Mine Expats Expats 144 (3%) 131 (2%) Mine Nationals Permanent 1,852 (33%) Contractors Temporary Nationals Nationals 3,081 (55%) 413 (7%) Totals may not add due to
Slide 14: Barrick contribution to Mali economy
Barrick contribution to Mali economy… Barrick/Randgold operations have contributed approximately US$ 8.0 billion to the Malian economy in the form of taxes, royalties, salaries and payments to local suppliers in the last 24 years Gounkoto Loulo US$ 1.3 Bn US$ 4.4 Bn Morilai US$ 2.3 Bn i Morila was d
Slide 15: Dividends, Taxes and Royalties paid to Mali
Dividends, Taxes and Royalties paid to Mali… Barrick/Randgold operated mines have paid approximately US$ 4.3 billion in the form of Dividends, Taxes and Royalties to the State over 24 years Dividends to Barrick US$ 1.2 billion Dividends, taxes and royalties to the State US$ 3.1 billion
Slide 16: Local Business Accelerator Graduation
Local Business Accelerator…Graduation 12 companies selected 9 companies graduated (PROSLABS, MANDE SARL, GIE Program over 13 months AMIS DE LA NATURE, MA-SUD, ARC EN TERRE, ETEF, Criteria established for the second cohort 3R, METALLICA, ATMAS) 181 direct jobs created 85.25 million CFA budgeted for e
Slide 17: CSR governance and stakeholder engagement
CSR…governance and stakeholder engagement >$13m invested; $50m patente tax paidi Potable water 61 boreholes and 8 water supply systems constructed Regular water quality analysis Village water management committees training and assistance Health 5 health centres built in the communities Fighting mala
Slide 18: CSR Community projects completed in Q3 2021
CSR…Community projects completed in Q3 2021 2 water supply systems rehabilitated at Torondinloto and Faraba Covid-19 prevention awareness and vaccination in community 113 tonnes of agricultural inputs donated to community Seguelany graveyard fencing completed Kounda Motel building complete and equip
Slide 19: Illegal mining update
Illegal mining update… Illegal mining continues to adversely impact the environment and our operations Faleme river bed silting Engagement continues with local and national authorities
Slide 20: Appendix A – Bambadji Significant Intercept Table
Appendix A – Bambadji Significant Intercept Tablei Bambadji Significant Q2 Drill Interceptsi Includingiv i. All intercepts calculated using a 0.5 g/t Au cutoff and are uncapped; minimum ii iii iii intercept width is 2m; internal dilution is equal to or less than 2m total width Target ID Azimuth Dip
Slide 21: Appendix B – Loulo Significant Intercept Table
Appendix B – Loulo Significant Intercept Tablei Drill Results from Q1 2021 ii Lode Drill Hole Azimuth Dip Interval (m) Width (m)iii Au (g/t) i. All intercepts calculated using a 0.5 g/t Au cutoff and are uncapped; minimum intercept width is 2m; Yalea Ridge YRDH009 170.00 -51.00 2.82 47.53-50.35 2.21
Slide 22: Technical Information
Technical Information The scientific and technical information contained in this presentation has been reviewed and approved by Simon Bottoms, CGeol, MGeol, FGS, FAusIMM, Mineral Resources Manager, Africa and Middle East; Rodney Quick, MSc, Pr. Sci.Nat, Mineral Resource Management and Evaluation Exe