B2gold Corp. · TSX:BTO
B2gold — Shareholder Meeting (June 2010)
50 slides from B2gold's shareholder meeting presentation, Jun 25, 2010
Slide 1: B2Gold Corp. Annual General Meeting June 25, 2010
B2Gold Corp. Annual General Meeting June 25, 2010 12 1
Slide 2: Cautionary Statement
Cautionary Statement Some of the statements contained in this presentation are forward-looking statements, such as estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result
Slide 3: About B2Gold Corp.
About B2Gold Corp. B2Gold is a Vancouver based gold producer founded as a private company in 2007 by the former executives and management team of Bema Gold Corporation The Company has two producing mines in Nicaragua – La Libertad Mine (previously called Orosi) and the Limon Mine B2Gold is pro
Slide 4: B2Gold Management Team
B2Gold Management Team Clive T. Johnson (President, CEO & Director) Clive Johnson leads the strong management team of B2Gold. Mr. Johnson was involved with Vancouver based Bema Gold and its predecessor companies since 1977. When Bema Gold was created by the amalgamation of three Bema group compani
Slide 5: B2Gold Share Capital
B2Gold Share Capital Ownership Breakdown Million Shares (1) (% Basic) Total Shares Issued and Outstanding 311.2 Directors, Management, Employees (1) 56.7 18.2% AngloGold Ashanti 31.6 10.2% Kinross 12.7 4.1% Warrants (2) 49.1 Non-Executive Officers, Directors & Employee 20.8 Stock Options Total Share
Slide 6: Achievements - Past 12 Months
Achievements - Past 12 Months La Libertad Mine Completed construction of La Libertad Mine, commencing open pit mining in November and ore processing in December. Achieved mechanical completion on February 1st 2010 Exploration – mapped and sampled numerous veins on the property generating sever
Slide 7: Achievements - Past 12 Months
Achievements - Past 12 Months Environmental and Community Responsibility Continued the Company’s commitment to environmental responsibility and initiated numerous social projects in the community Additional Exploration Radius joint venture, Nicaragua – expanded the approx. 2km strike length
Slide 8: B2Gold Project Locations
B2Gold Project Locations Far East Russian Project @ Kupol East & West 2 Ce = ~ ; e~ A b= ¢ (Vancouver a) bap d i oad ae rs - rs a Sr r Be ‘+ { a La Libertad Mi S = Se y Costa Rican Project §7# Naan BInG abd y y S y f cal | © Bellavista Mine ‘ _ © Radius JV AA = . © Calibre JV mh J 4, A 7% Colombian
Slide 9: Nicaragua Project Locations
Nicaragua Project Locations North America TREBOL CALIBRE JV Nicaragua NATIVIDAD (PAVON) LIMON MINE MESTIZA PROJECT LA LIBERTAD Central America Managua Office MINE EXPLORATION - MINING South America EXPLORATION CALIBRE JV RADIUS JV 9
Slide 10: Mining in Nicaragua
Mining in Nicaragua Long mining history Largest country in Central America One of the safest countries in Central America Population 5.9 million (est. July 2009) Modern infrastructure Easily accessible Democratic Republic since 1990 Government supportive of foreign investment Fair
Slide 11: Nicaraguan Business Statistics- 2010
Nicaraguan Business Statistics- 2010 B2Gold have approximately 1,050 employees working at La Libertad Mine, Limon Mine and Managua – the 5th largest employer in Nicaragua B2Gold employees receive salary and benefits approximately 45% more the average national annual compensation B2Gold is proj
Slide 12: La Libertad Mine
La Libertad Mine (formerly Orosi Mine) Production commenced in January 2010 Economic completion February 1st 2010 Capital cost approximately US$70 million Open pit mine Converted from heap leach operations to conventional milling planned throughput 3,500 tonnes per day April average tonn
Slide 13: La Libertad Mine
La Libertad Mine B2GOLD
Slide 14: La Libertad
La Libertad Second ball mill installation 14
Slide 15: Mina La Libertad Inauguration
Mina La Libertad Inauguration 15
Slide 16: Community Projects – La Libertad
Community Projects – La Libertad Agua por Vida – new 112,000 gal. storage tank, replacement of asbestos delivery system, distribution to 456 homes, flow meters. Power Line ($7.2M) to be handed over to the Govt of Nicaragua at the end of the mine operation Small Miners – assistance with process
Slide 17: Limon Mine
Limon Mine CURRENT OPERATIONS In continuous operations since 1941 – over 3.0 million ounces of production Underground and open pit mechanized mine operation Projected to produce approximately 40,000oz of gold in 2010 at an approximate cash cost of US$625/oz On budget for 1st quarter 2010 L
Slide 18: Community Projects
Community Projects Agua por Vida – includes new pumps, replacement of 10 km distribution line, and distribution in the town of Limon Transferred the titles for 88 homes to the workers of Limon Donated 50,000 school books to schools in Limon and surrounding communities Transportation for stud
Slide 19: El Limon
El Limon Social Responsibilities 19
Slide 20: El Limon
El Limon Environment Day 20
Slide 21: Colombia Regional Map
Colombia Regional Map Project Locations and Area of JV I nterest Area of JV Interest B2Gold Projects AGA Projects Greystar Resources AGA-Mineros Segovia JV 21
Slide 22: Gramalote Property
Gramalote Property 51% B2Gold - 49% AngloGold Ashanti Joint venture with B2Gold as operator Gramalote B2Gold completed a 30,189 m (90 holes) diamond drill program in 2008 B2Gold announced a NI 43-101 compliant inferred resource estimate for the Gramalote Ridge Zone of 74.4 Mt grading 1.0 g/t g
Slide 23: Bellavista Project
Bellavista Project (Costa Rica) Built as heap leach gold mine in 2005 Shut down on July 25, 2007 due to cracking in several areas on site Historical production approx. 3.1 million tons at a grade of 1.65 g/t containing 165,000 ounces of gold. Produced approx. 80,000 ounces of gold during thi
Slide 24: Bellavista Project
Bellavista Project (Costa Rica) Evaluating the potential of re-opening the mine using alternate technologies and have secured property for a potential tailing pond Proven and probable reserves of 314,000 ounces, measured and Indicated resources of 421,000 ounces Average grade of the reserves i
Slide 25: La Libertad Mine 2010 Exploration Summary
La Libertad Mine 2010 Exploration Summary 25
Slide 26: Libertad - Potential Exploration Targets
Libertad - Potential Exploration Targets Defined by Historical Drilling * * Indicates historical drilling from old long section 26
Slide 27: La Libertad 2010 Exploration Drilling Highlights
LA LIBERTAD 2010 Exploration Drilling Highlights Jabali Central Zone – 14 DDH Mojon Pit – 8 DDH JB10-007 - 4.1 g/t Au / 13.3m MJ10-001 - 2.1 g/t Au / 11.2m (Main) JB10-008 - 4.34 g/t Au / 11.5m MJ10-001 - 33.6 g/t Au / 6.0m (HW) JB10-010 - 3.52 g/t Au / 7.0m MJ10-002 - 2.54 g/t Au / 25.0m (Main) MJ1
Slide 28: Jabali (Antenna Zone)
Jabali (Antenna Zone ) Drilling & Trenching Long Section (Looking NW) ANTENNA ZONE Central Zone Long Section 1.37 g/t Au / 20.0 m 8.74 g/t Au / 29.1 m Pending 0.73 g/t Au /14.55 m NSV 4.23 g/t / 7.5 m Mine Long Section 250 m Note: all widths quoted are estimated true width Note: Historical mining, a
Slide 29: Jabali - Central Zone
Jabali - Central Zone Drilling & Trenching Long Section (Looking NW) CENTRAL ZONE Long Section Antenna Zone 3.04 g/t Au / 46.4 m 2.1 g/t Au / 21.6 m 2.62 Au g/t / 16.0 m JB10-011 6.0 m / 1.06 g/t 5.17 g/t Au / 22.8 m 1.25 g/t Au / 7.0 m 12.4 g/t Au / 16.0 m 1.01 g/t Au / 17.8 m 8.69 g/t Au / 1.5 m 1
Slide 30: El Limon Mine 2010 Exploration Summary
El Limon Mine 2010 Exploration Summary 30 30
Slide 31: Target Description
Target Description Epithermal vein style deposits similar to + 6 million ounces gold Kupol and +8.5 million ounces gold El Peñón (Yamana) Over 3 million ounces already produced from concession area Exploration Targets: 1. Near surface open pittable resources 2. Known high grade veins 3. New vein
Slide 32: El Limon - Vein Systems
El Limon - Vein Systems 2010 Targets Based on Pre B2Gold Drilling Note: Quoted intercepts are from Pre B2Gold drilling Santa Pancha Deep Drill Program ** Pre B2Gold drill holes have $1.28 Million - 32 holes (7,800 m) not been verified. 32
Slide 33: 2010 El Limon Exploration Proposed Open Pit Targets
2010 El Limon Exploration Proposed Open Pit Targets yellow - drilling completed, white – drilling & trenching permits pending Note: Pre- B2Gold drill holes have not been verified. 33
Slide 34: El Limon 2010 Exploration
El Limon 2010 Exploration Proposed Resource Definition and Expansion Drilling Targets 34 34
Slide 35: Santa Pancha Vein System Completed Drilling – 2010
Santa Pancha Vein System Completed Drilling – 2010 Exploration - SP # 5 3 DDH for 198 m (Targeting OP) Mine definition drilling campaign - SP # 2 2 DDH for 309 m (Targeting UG reserves) Exploration - SP # 2 8 DDH for 381 m (Targeting OP potential) 35
Slide 36: El Limon
El Limon SANTA PANCHA “Deep” and Mine Definition Drilling 2010 B2Gold Resource Inferred @ 2.3 g/t cut off 1.1 Mt @ 4.7 g/t Au 167,000 oz Au Note: all widths quoted are estimated true width 36
Slide 37: El Limon
El Limon SANTA PANCHA # 2 Detail – Open Pit Potential 6.5 g/t Au / 9.7 m 8.3 g/t Au / 4.96 m 6.96 g/t Au / 5.34 m 12.62 g/t Au / 7.86 m 6.99 g/t Au / 8.77 m Note: all widths quoted are estimated true width 37
Slide 38: RADIUS JV (Trebol and Pavon)
RADIUS JV (Trebol and Pavon) Trebol concessions Mines Pavon concession 38
Slide 39: Trebol Regional Anomalies
Trebol Regional Anomalies Santa Marta 22 km long NE Trending Belt of Epithermal Hot Springs Style Gold Mineralization Santa Marta: area of highly anomalous gold in quartz boulders; new claim granted by RAAN in 04/10 Trebol: 6km long rock chip and soil anomaly; only partially tested Trebol Hand t
Slide 40: Trebol Central and SW Recent B2 Gold Trenching Results
Trebol Central and SW Recent B2 Gold Trenching Results TR-3W – 2.04 g/t Au / 88 m - Incl. 9.6 g/t / 6.0 m Ext. of Radius TR-03 with Trench 24 34m @ 1.0 g/t Au TR-24 – 3.35 g/t Au / 33 m - Incl. 1.4 g/t / 12 m TR-27 – 0.86 g/t Au / 7.0 m Ext. of Radius TR-27 with 3.92 g/t Au / 11.0 m TR-34 -
Slide 41: Trebol – Radius Trench #3 - extension
Trebol – Radius Trench # 3 - extension Trench #3 - Extension (88 m @ 2.04 g/t Au) 86.0 1.0 1.4 9.0 9.5 6.7 6 m @ 18.9 g/t Au Searching for the high grade feeder structures 41
Slide 42: CALIBRE JV
CALIBRE JV Focus of drilling - 2010 42
Slide 43: CALIBRE JV
CALIBRE JV Summary to. Date SUMMARY OF WORK Achievements * Outlined new epithermal veins from rock and soil sampling * Confirmed mineralization at La Luna over a 1100 metre strike length ¢ Active 6,000 metre drill program: * Riscosde Oro * LaLuna * Bambana Drilling Highlights LL10-002 7.00m @ 5.88 g
Slide 44: KUPOL PROJECT
KUPOL PROJECT > B2GOLD 44
Slide 45: Kupol East and West Joint Venture
Kupol East and West Joint Venture Kupol East and West surrounds the Kupol mine in Far East Russia Bema was developing the Kupol mine at the time of the Kinross transaction B2Gold has the right to acquire one half of Kinross’s approximate 75% indirect interest Resulting interest – Kinross 37.
Slide 46: Drilling Statistics
B2Gold Drilling Statistics 2010 Drilling 2009 Drilling TOTAL Country Project # Holes # Metres # Holes # Metres # Holes # Metres Nicaragua Limon 33 4,395 18 1,539 54 5,937 Nicaragua Libertad 50 7,036 0 0 50 7,036 Nicaragua Trebol 0 0 0 0 0 0 Nicaragua Pavon 0 0 0 0 0 0 Nicaragua Calibre JV* 6 1,500 0
Slide 47: Exploration Budgets (End June)
B2Gold Exploration Budgets (End June) PROJECT BUDGET (2010) ACTUAL * CSM ACQUISITION LA LIBERTAD 3,107,024 2,300,000 EL LIMON 3,819,301 1,500,000 LA INDIA 202,800 50,000 7,129,125 3,850,000 RADIUS JV TREBOL 1,813,833 475,000 PAVON 231,355 200,000 2,045,188 675,000 CALIBRE OPTION BOROSI 2,195,308 1,7
Slide 48: Next 12 Months
Next 12 Months Continue to optimize gold production at La Libertad and El Limon Mines Complete commissioning of second ball mill at La Libertad (scheduled for end of June 2010) Continued exploration on four Nicaraguan properties Evaluate the potential of amending permit and recommencing prod
Slide 49: B2Gold Growth Strategy
B2Gold Growth Strategy Unique Opportunity Today Financial meltdown Strong gold prices Acquisition Opportunities Accretive production Development projects Exploration opportunities Our Advantages Proven team Industry credibility Financing track record Undervalued share price Lever
Slide 50: Contact Information
Contact Information B2Gold Corp. 3100 - 595 Burrard Street Vancouver, BC Canada, V7X 1J1 Phone: 604-681-8371 Toll Free: 1-800-316-8855 Fax: 604-681-6209 Email: investor@b2gold.com Website: www.b2gold.com 50