Barrick Mining Corporation · TSX:ABX
Barrick Mining — Investor Day (November 2024)
23 slides from Barrick Mining's investor day presentation, November 2024
Slide 1: Exploration
EXPLORATION Joel Holiday ` Executive Vice President Exploration
Slide 2: An industry failing to replace its depletion
Number of Gold Discoveries Aggregate Production Exploration Budgets $ Bn 000 oz An industry 30 100000 failing to 25 90000 80000 replace its 20 70000 60000 depletion 15 50000 40000 10 30000 Growing supply-demand 20000 5 gap 10000 Resources becoming 0 0 increasingly scarce and 1990 1991 1992 1993 1994
Slide 3: A leading track record of organic growth
A leading track record of organic growth… Significant resources added through brownfields and greenfields explorationi Growth through organic Goldstrike Loulo Gounkoto discovery and post acquisition Lagunas Norte addition Kibali - Low-cost accretive value for Pueblo Viejo Barrick Donlin Gold Turquoi
Slide 4: Strategically driven value creation
Strategically driven value creation Commodity Gold and Copper located in world class geological districts Quality of reserves = value A right to mine and repatriate profits License fits our values: inc. social license, political risk, and What value to Operate environmental compliance enhances our s
Slide 5: A geocentric business
A geocentric business… Pueblo Viejo Veladero Low-sulfidation Peru km Mineral Deposit Types paleoplacer epithermal High-sulfidation epithermal SW Sedimentary-Copper epizonal IR VMS sediment-hosted IRNevada stratiform- carbonaceous ± Japan Arabian-Nubian 1 Cu alteration Shield Approximate depth of for
Slide 6: A world-class gold and copper portfolio in the most prospective terrains
A world-class gold and copper portfolio in the most prospective terrains… Tethyan Baltica Metallogenic Belt Siberian Craton Canadian Shield North American West African Tien Shan Cordillera Craton Belt Arabian Pacific Antillean Arcs Rim Nubian Shield Tanzanian and Congo Cratons Principal South Explor
Slide 7: A quality target pipeline focussed on value
A quality target pipeline focussed on value Reserve + 10–20 years Resource 21 6 7 8 [indicated] 6–10 years Resource 5 2 4 [inferred] 11 Exploration 0–5 years Advanced 8 1 9 Exploration Follow-up Target 15 5 2 8 Identified Mineral Resource Management Target 25 9 8 8 North America LATAM / Africa & Asi
Slide 8: Africa & Middle East exploration
Africa & Middle East… Re-focused exploration delivering Exploration results throughout the region West Africa Craton (WAC) Loulo / Gounkoto (Mali): Baboto complex: multi-km system open in all directions. N Senegal: widespread mineralization ANS Cote D’Ivoire: multiple advancing targets contributing
Slide 9: Kibali, DRC: extensive discovery potential in a prolific district
Kibali, DRCI… Extensive discovery potential in a prolific district Key targets Significant new discovery opportunities to expand the Kibali footprint N KCD while growing resources KZ Reserves ARK: open down-plunge with potential for additional lodes within the system - North Oere potential to develo
Slide 10: Kibali KCD and ARK
Kibali KCD and ARK major growth and emerging discovery Agbarago-Rhino-Kombokolo area Agbarabo-Rhino-Kombokolo (ARK) – high-grade results support potential to deliver a high-value opportunity <4 km from the Kibali N Agbarabo-Rhino significant processing plant. interceptsi : Main KCD Orebody – multipl
Slide 11: Loulo-Gounkoto: Tier-1 district that continues to deliver
Loulo-Gounkoto…Tier-1 district that continues to deliver Baboto N Complex 1.5km Western Fale Kofi Series me Exploration strategy focused on Gara Dom ain (1) advancing near-mine targets to support 10-year LOM and Eastern (2) identifying and delivering new high-impact opportunities within the wider-di
Slide 12: Loulo: Baboto Complex
Loulo…Baboto Complex Baboto Complex Oblique View: Looking NNW high-grade intersections at depth and 2024 Key Results Showing Main Zone and Baboto Emerging East Zone Central along strike High-grade shoots BNRC355: Open Baboto - emerging evidence of a significant satellite (1) 23m @ 4.86g/t (4m NREC v
Slide 13: LATAM / Asia Pacific Exploration
LATAM / Asia Pacific Exploration building towards a world-class greenfields discovery Balanced portfolio contains exciting opportunities - focus on Dominican Republic target delineation moving projects up/out of the resource triangle Jamaica greenfields greenfields Pueblo Viejo Dominican Republic: c
Slide 14: Peru & Ecuador
Peru & Ecuador… Cascabel (14.4 Mt Cu & 36.6 Moz Au) Llurimagua (16.9 Mt Cu) building on an outstanding record ECUADOR of discovery and delivery Southern Jurassic AOI Mirador (6.8 Mt Cu & 3.9 Moz Au) World-Class Metallogenic Districts: Peru and Ecuador Fruta del Norte (10.6 Moz Au) are hosts to multi
Slide 15: Western Chagai Belt, host to the Reko Diq project
Western Chagai Belt…host to the Reko Diq project Covered N Volcanic cover Reko Diq copper-gold porphyry Breccia cluster is located in the Western Intrusive (23 – 10 Ma) Chagai Belt Pre mineral Chagai Intrusive Pre mineral Intrusive Tethyan Metallogenic Belt that extends from Eastern Europe to Reko D
Slide 16: H8 Breccia Complex
H8 Breccia Complex… ongoing drilling confirming upside with new exploration model H8 is part of the Reko Diq Mining Lease – geological work recently identified significant untested upside, with potential for preserved and shallow Au and Cu First drillhole (RD-871) after this new interpretation recen
Slide 17: North American Exploration
North American Exploration… balanced and growing portfolio set to deliver growth and discovery Nevada Barrick Gold Operation Continues to deliver significant results in active mining districts (Carlin, Cortez, Barrick Copper Operation Turquoise Ridge, and Phoenix) Current Exploration Building explor
Slide 18: Nevada Gold Mines
Nevada Gold Mines… Nevada Gold Mines…near-mine Growth and Exploration continues to identify and grow exciting expansion growing the world’s premier gold district opportunities, both proximal to existing infrastructure as well as larger step-outs with a view to provide the next generation Carlin of p
Slide 19: Fourmile
Targeting well-established geological controls Fourmile… around Fourmile growing Barrick’s next Tier One1 mine N Sadler Corridor Fourmile mineralization open to the north with substantial upside opportunity Gold grades appear to increase as drilling progresses northward Sadler Wide-spaced framework
Slide 20: Endnotes
Technical Information The scientific and technical information contained in this presentation has been reviewed and approved by Craig Fiddes, SME-RM, Lead, Resource Modeling, Nevada Gold Mines; Richard Peattie, MPhil, FAusIMM, Mineral Resources Manager: Africa and Middle East; Simon Bottoms, CGeol,
Slide 21: Appendix A – Loulo Significant Intercept Table
Appendix A – Loulo Significant Intercept Table i. All intercepts are calculated using a 0.5 g/t Au cutoff and are uncapped; minimum intercept width is 2m; internal dilution is equal to or less than 2m total width. ii. Loulo – Gounkoto drill hole nomenclature: prospect initial GK (Gounkoto), BN (Babo
Slide 22: Appendix B - Kibali Significant Intercept Table
Appendix B - Kibali Significant Intercept Table Kibali Drill Interceptsi i. All intercepts calculated using a 0.5 g/t Au cutoff and are uncapped; minimum intercept width is 2 m; internal dilution is equal to or less than 25% total width Drill Results from 2024 Includingiii (m) ii. Kibali drill hole
Slide 23: Appendix C - Greater Leeville Significant Intercept Table
Appendix C - Greater Leeville Significant Intercept Tablei Select Greater Leeville Drill Results Core Drill Holeii Azimuth Dip Interval (m) Width (m) True Widthiii (m) Au (g/t) i. All intercepts calculated using a 3.4 g/t Au cutoff and are 83.8-92.9 9.1 5.7 8.51 uncapped; minimum downhole intercept