African Barrick Gold 2010 Site Visit Exploration Overview 15 September 2010
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1. Exploration Properties & Pipeline 4 2. Tulawaka 8 3. Golden Ridge 12 4. North Mara 16 5. Bulyanhulu 21 6. Nyanzaga 24 3
Tanzania - Properties and Projects Overview Dett Musoma North Mara (3.93Moz) Mwanza Geita Tusker Tulawaka (0.12Moz) Buly Golden Ridge (17.1Moz) ABG Operating Jomu Non-Operating JV Shinyanga Buzwagi (4.36Moz) Golden agwe Karagwe Ankolean Pride 100km Greenstones Granites 4
Exploration and Project Development Pipeline Grassroots Program Africa-wide Target M&A Delineation Advanced Tulawaka Buly Exploration East Resource and Reef 1 & 2 Extn East Buly Reef 2 Scoping Karagwe Tulawaka West Gokona Ankolean West Kahama Gena Gokona Buly Trend U/G Surubu Tulawaka Upper East Buzwagi Zone Deeps Reserve Jomu Village Nyakafuru Reef Definition / Tagota JV Golden Feasibility Tusker Ridge Komarera Kilimani Dett Masabi Nyanzaga Extensions Regional Medium to Long Term Short to Medium Term Opportunity Mine site Target Satellite >100 >1 Moz >750 koz >500 koz Size koz Lake Victoria Goldfields Africa wide 5
Project Pipeline Project 2010 2011 2012 2013 Tulawaka Extensions Golden Ridge Gokona / Nyabigena UG Bulyanhulu Upper East Nyanzaga – Tusker / Kilimani Drilling & Resource Definition Project Execution Scoping Studies Production Feasibility Studies 6
1. Exploration Properties & Pipeline 4 2. Tulawaka 8 3. Golden Ridge 12 4. North Mara 16 5. Bulyanhulu 21 6. Nyanzaga 24 7
Tulawaka – Project Location Mgusu Imweru GEITA DEPOSITS Buck Reef Tulawaka West Kakindu Tulawaka 20km Granite Unclassified intrusive QFP Felsic volcanic Mafic volcanic, <2750 Mafic volcanic, >2750 Gabbro Sediments 8
Tulawaka Underground & Surface Extensions Underground exploration and definition drilling to extend the East Zone underground resource continues. Drilling to date shows the mineralised quartz veins extend at least down to Level 10 at Zone 150. Resource update from additional drilling planned for H2 2010. Encouraging results support expectations that life of mine will be extended. Ongoing surface exploration drilling also continues to test extensions to West Zone Main and Mojamoja prospects – a number of promising drill intersections encountered. 9
Tulawaka – Satellite Targets Ongoing surface exploration drilling also continues to test extensions Main West Zone and Mojamoja prospects. A number of promising drill intersections have been encountered from shallow Main West Zone depths including: Mojamoja 5 m @ 23.7g/t Au – Mojamoja Tulawaka East 4 m @ 43.7g/t Au – Mojamoja 4 m @ 77.8g/t Au – Main West Zone 5 m @ 33.0g/t Au – Main West Zone Additional exploration drilling is to be 2k completed on targets to the southeast of m Tulawaka for further satellite deposits. 10
1. Exploration Properties & Pipeline 4 2. Tulawaka 8 3. Buzwagi - Golden Ridge 12 4. North Mara 16 5. Bulyanhulu 21 6. Nyanzaga 24 11
Buzwagi – Golden Ridge Satellite Opportunity Golden Ridge Masabi Jomu BEAL Nyakafuru Nyakafuru JV Kahama 100% 55km Kahama JV GPW JV Buzwagi (4.36 Moz) Golden Pride Granite 20km Mafic volcanic 12
Golden Ridge Feasibility Project Infill resource drilling and metallurgical drilling completed. Geological model & geotechnical studies for feasibility study completed. Advanced metallurgical test work and environmental and social impact assessment continue. Announcement on updated resource expected before year end. Feasibility study due for completion Q1 2011 and decision on project execution shortly after. Additional potential identified to potentially expand the resource below and adjacent to current to current pit designs. Additional satellite deposit potential for Buzwagi identified at Jomu & other prospects. North South RC Infill 2010 US$ 750 Pit Grade Thickness 2010 Met Hole gm x metre 1.2km of 4km strike 13
Buzwagi – Satellite Opportunity – Masabi Golden Ridge Masabi Jomu BEAL Nyakafuru Nyakafuru JV 1.1Moz Kahama 100% Kahama JV GPW JV Buzwagi (4.5 Moz) Golden Pride (3 Moz) Granite 20km Mafic volcanic 14
1. Exploration Properties & Pipeline 4 2. Tulawaka 8 3. Golden Ridge 12 4. North Mara 16 5. Bulyanhulu 21 6. Nyanzaga 24 15
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