Barrick Mining Corporation · TSX:ABX
Barrick Mining — Corporate Update (July 2021)
23 slides from Barrick Mining's corporate update, July 2021
Slide 1: Africa & Middle East: Investing in Cote d'Ivoire's future
Africa & Middle East Investing in Cote d’Ivoire’s future… Abidjan, July 2021
Slide 2: Cautionary statement on forward looking information
Cautionary statement on forward looking information… Certain information contained in this presentation, including any information as to Barrick’s strategy, plans, or future financial or operating performance, constitutes “forward- looking statements”. All statements, other than statements of histor
Slide 3: Our global business
Our global business… As of December 31, 2020 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: Barrick, previously Randgold… 25 years of operation in Côte d'Ivoire
Barrick, previously Randgold… 25 years of operation in Côte d’Ivoire 2015 2015 2016 2017 2019 2020 2020 2020 2021 Nominated best Tongon Mine Tongon Mine Nominated Q1 Randgold Power line LOM Gold production Tongon Permit mine in Côte pays off its declares and best mine in & Barrick reimbursement exte
Slide 5: Barrick…delivering on the 2021 business plan
Barrick…delivering on the 2021 business plan Tongon on track to achieve its full-year guidance $150 million dividend declared in Q2 10 years after first gold was poured, Tongon continues exploration campaigns to potentially replace reserves and further extend the LOM with Seydou North and Tongon Wes
Slide 6: Safety, environment and bio-diversity
Safety, environment and bio-diversity… Safety LTIFR3 2010-2021 One Lost Time Injury (LTI) recorded in Q2 2.5 Tongon maintained ISO 45001:2018 certification Other regulatory compliance inspections: CNPS (National Social Funds), 2 ANAC (National Civil Aviation Authority), and lifting equipment annual
Slide 7: Health
Health… Malaria Incidence Rate (MIR %) Malaria 140 Incidence of malaria is decreasing year on year as a result of the 120 malaria programme which includes: 100 Indoor residual spraying (IRS) 80 Larvaciding 60 40 Long Last Impregnated Mosquito Net (LLIMN) 20 Repellents 0 Awareness of behaviour change
Slide 8: Tongon mining
Tongon mining… Tonnes mined Mining1 in open pits 3,500 Future of mining at Tongon relies on 3,000 the opening of various satellite pits – continued engagement with 2,500 Tonnes (000s) government and communities on this 2,000 matter 1,500 Mining continues to improve with the successful mobilisation o
Slide 9: Tongon exploration…opportunities to replace mined reserves
Tongon exploration…opportunities to replace mined reserves MRMi Tongon West Planned GC drilling NZ satellite extension: identified HG shoots. Continue to test interpreted high-grade shoots and Stabilo Trend extend the NZ oxide pit to the east. Preliminary testing Seydou N- intercepts show strong min
Slide 10: Tongon…rapid advancement of targets along the prospective Stabilo Trend
Tongon…rapid advancement of targets to potentially include in LOM along the prospective Stabilo Trend Known Deposits Discoveries along the prospective Stabilo Trend are being Active targets Early stage rapidly progressed to potentially add to the Tongon Life of Q1 Targets Mine (LOM) Seydou N Stabilo
Slide 11: Advancing priority targets near to Tongon mine
Advancing priority targets near to Tongon mine… Barrick permit Advanced targets Fonondara and Kassere progressing within Known deposit Active targets N trucking distance of the Tongon Plant, while early-stage target Targets Nielle Permit Caribou intersects mineralised system with first drillhole Ton
Slide 12: Employment stats and development of local skills
Employment stats and development of local skills… Total Employees: 1,965 Nationals: 1,929 (98.2%) Expats: 36 (1.8%) 364 workers received skill improvement Permanent expat training in Q2 and 426 YTD (4,494 Mine contractors workers project to date), in various expats 24 (1.2%) disciplines related to m
Slide 13: Tongon…local investment
Tongon…local investment S million Local and International Purchases 140 120 100 80 60 40 20 0 2015 2016 2017 2018 2019 2020 Q2 2021 LOCAL INTERNATIONAL 13
Slide 14: Local contractors and supply strategy… more than CSR
Local contractors and supply strategy… more than CSR SFTP: Local mining contractor SFTP in JV with SAMA dedicated to mine all satellites TOTAL Lubricant Partner: TOTAL and Lynx have agreed to partner with Tongon for a lubricant supply agreement in the Ivory Coast Saving on current lubricant prices w
Slide 15: In country investment…project to date June 2021
In country investment… project to date June 2021 $1.77 Bn paid by Tongon in the form of taxes, infrastructure, Health Center salaries and payments to local suppliers School US$ million Water Visible contributions directly Agricultures in the area of the project: Road $13.2 m Sport Other direct commu
Slide 16: Tongon makes a difference
Tongon makes a difference… Infrastructure development and maintenance Health 150km of road maintained each year Covid-19 under control with only 51 cases to date - all 10 bridges built and 7 roads constructed to open-up the recovered community village and facilitate access to markets Surgical unit h
Slide 17: Investing in Tongon communities
Investing in Tongon communities… > $13.2 million (CFA 8.1 billion) as at end of June 2021 Potable water ($1.8m) 5 improved water reticulation systems constructed, including one with solar energy 2 major projects (Tongon, Poungbe) to be managed by SODECIi. Tongon water supply system nearly completed
Slide 18: Investing in Tongon Communities
Investing in Tongon Communities… Sensitization of communities Launch of the Tongon village Ongoing assistance to communities and around our exploration sites water pipe extension works by their leaders. Support for a tornado SODECI disaster at the Tongon villages and regular visits to village chiefs
Slide 19: Illegal mining sites remain a challenge
Illegal mining sites remain a challenge… Constant recolonization of illegal miners at Seydou satellite and other Barrick permit areas despite clearance action by the relevant authorities Complicity by youth and land owners of communities Large scale deployment (material and financial) Disruption to
Slide 20: Expanding our footprint organically
Expanding our footprint organically… potential to add value for all stakeholders Tongon Mine Barrick continues to look for N exploration opportunities in the highly prospective but underexplored Côte d’Ivoire Barrick Permits 200km
Slide 21: Mined gold supply, Africa top 10
Mined gold supply, Africa top 10… 2012 to 2040 25,000 20,000 15,000 koz 10,000 5,000 0 2012 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 2034 2036 2038 2040 South Africa Sudan Ghana Mali Burkina Faso Tanzania Congo, Dem. Rep. Guinea Zimbabwe Cote d`Ivoire Source: AME Mineral Economics
Slide 22: Endnotes
Endnotes… 1. On a 100% basis. 2. Class 1 - High Significance is defined as an incident that causes significant negative impacts on human health or the environment or an incident that extends onto publicly accessible land and has the potential to cause significant adverse impact to surrounding commun
Slide 23: Appendix A – Nielle Intercept Table
Appendix A – Nielle Intercept Tablei i. All intercepts calculated using a 0.5 g/t Au cutoff and are Nielle Drill Results Includingiv uncapped; minimum intercept width is 2m; internal dilution is equal Drill Holeii Azimuth Dip From (m) To (m) Width (m) iii Au (g/t) Interval (m) Width (m) iii Au (g/t)