Slide 1: Kibali...15 years of value creation
Operated by Kibali...15 years of value creation Kinshasa, October 2024
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: Our Global Best portfolio of Tier One gold assets
Our Global Best portfolio of Tier One1 gold assets Presence and doubling copper exposure by 2029i Donlin Geographical (50%) CANADA distribution of 2023 Loulo- gold production Fourmile 100% USA Hemlo Gounkoto 80% 100% PAKISTAN Pueblo Viejo JAPAN NGM (61.5%) Reko Diq 50% 60% EGYPT Turquoise Ridge DOMI
Slide 4: Barrick - A long-term business sustainable through the cycles
Barrick - A long-term business sustainable through the cycles A3 Best Asset Base Moody’s Credit Rating – highest in the gold mining industry Largest portfolio of Tier One and world-class gold and copper assets that is unmatched in the industry # 1 Growing Copper Exposure Barrick is the largest gold
Slide 5: Building a flagship mine in the DRC
Building a flagship mine in the DRC… Gold Price US$/oz 2500 2010 2010 to date Mineral reserve Social upliftment - built and maintain over 300km of road, including connection to Ugandan border doubled to >10Mozi Public Participation 2022 Process 2000 Sept 2013 Cahier des Charges 4200 families resettl
Slide 6: Kibali…Africa's largest and most automated gold mine
In-Country Investment US$ Kibali…Africa’s largest and Infrastructure and community support $216 million most automated gold mine Salaries $687million A previously non-existent economy boosted by Payments to infrastructure development contractors and suppliers $5.4 3 hydropower stations have put Kiba
Slide 7: Journey to Zero…
Journey to Zero… Critical controls verification implementation process training provided to 50% of the workforce Leadership involvement with workforce in day-to-day hazard identification and risk management Management enforcement and engagement with teams in empowering workers for the responsibility
Slide 8: Health and Safety…
Health and Safety… Safety LTIFR2 7 One Fatal incident recorded. Investigations conducted and preventive measures 6 implemented - process ongoing 5 Drug and Alcohol tests conducted on daily basis 4 J20 program: Fatal risks and critical control verification implementation effective 3 Dashcam installat
Slide 9: Operations…
Operations… Processing Processing (Mt) i Q3 throughput exceeds forecast Tonnes per Quarter (Mt) Recovery % Milling rate of 503tph was slightly above the 2.5 forecast of 500tph 2.0 100 80 Recovery was 1.09% above the recovery 1.5 60 based on the Q3 material types of 88.3% 1.0 40 Open Pit 0.5 20 Succe
Slide 10: High potential for further discoveries to sustain Kibali well into the future
KZ trend Ikamva N Kalimva High potential for Oere further discoveries to sustain KZ North Kibali well into the future Mofu Mengu Ndala Potential for significant discoveries along the +50km KZ trend, Kibali Basin Pamao within trucking distance of the Kibali plant Pakaka ARK area highlights potential
Slide 11: KCD & ARK…Growing OC + UG Opportunity
AGGC0004 KCD & ARK…Growing OC + UG Opportunity (MRM) 12m @ 2.37g/t Step out drilling continues to highlight the potential of the 1.5km-wide corridor within 4km of the plant Agbarabo-Rhino-Kombokolo: High-grade results and encouraging observations from multiple drill holes highlight the potential for
Slide 12: Environmentally focused…
Environmentally focused… Fresh water abstracted per tonne of ISO 14001 certification standards maintained ore treated 1.2 International Cyanide Management Institute (ICMI) standards for 1.0 international cyanide certification – internal gap audit conducted 0.8 0.6 Reduction of fresh-water abstractio
Slide 13: Commitment to employment of nationals…
Commitment to employment of nationals… World class operations led by a world class team Majority of our senior management team are National Casuals & Congolese Interns 131 (2%) Expat Expat Contractors Employees 121 (2%) Expatriates: 164 (2%) (285) 4% National Employees 1,943 (30%) National Contracto
Slide 14: Human Capital investment…
Human Capital investment… Kibali Bursary Program and various training initiatives on site and with Barrick Academy Bursary program: Seven (7) bursars have completed their Degree and Masters studies this September 2024 in Metallurgy (1), Mining (1), Civil (1) & Electrical Engineering (1), as well as
Slide 15: World class business built with our Local Partners…
World class business built with our Local Partners… Comisemi newly built workshop Driving further localisation Continuous engagement with the National Subcontracting Regulation Body (ARSP) fostered mutual understanding - as a result, the mine has achieved 100% compliance for contractors actively doi
Slide 16: Community development...
Community development... Education / Capacity building 7 Academic institutions completed in various villages 158 School Kits distributed in partnership with our contractors in Galako and Abimva villages Sponsored state exams for all local matric students Driving Sustainable Value through Local Partn
Slide 17: Community development...
Community development... Sport, Culture and Youth Activities Sponsored the provincial and local soccer tournaments Sponsored female soccer tournaments Sponsorship of local boxing and other sports competitions Health / Water / Sanitation / Food 18 water sources captured through different villages Lau
Slide 18: Investing for the Future 2024 and beyond…
Investing for 2024 and beyond… the Future World class exploration programs continue Kibali’s Tier One status as we continue to replace depleted reserves and extend the mine life at Kibali Continue to build on foundation to expand gold and copper exploration in the DRC Fast track next steps in the au
Slide 19: Endnotes
Endnotes 1. A Tier One Gold Asset is an asset with a $1,300/oz reserve with potential for 5 million ounces to support a minimum 10-year life, annual production of at least 500,000 ounces of gold, and with all-in sustaining costs per ounce life-of-mine that are in the lower half of the industry cost
Slide 20: Appendix A – Assumptions/Outlook
Appendix A – Assumptions/Outlook 20
Slide 21: Appendix B – Kibali Significant Intercepts
Appendix B – Kibali Significant Interceptsi Core Drill Holeii Azimuth Dip Interval (m) Width (m3)i Au (g/t) Interval (m) Width (m3)iii Au (g/t) 222.30 - 232.00 9.7 3.35 227.55- 230.00 2.45 10.56 i. All intercepts calculated using a 0.5 g/t Au cutoff and are uncapped; 247.80 - 252.00 4.2 0.83 minimum