Burkina Faso Analyst visit – Bissa Gold Mine 30.10.2013
Disclaimer Information contained in this presentation concerns Nord Gold N.V., a company organized and existing under the laws of Netherlands (the “Company”, and together with its subsidiaries, the “Group”), and is for general information purposes only. The opinions presented herein are based on general information gathered at the time of writing and are subject to change without notice. The Company relies on information obtained from sources believed to be reliable but does not guarantee its accuracy or completeness. These materials may contain forward-looking statements regarding future events or the future financial performance of the Group. One can identify forward looking statements by terms such as “expect”, “believe”, “estimate”, “anticipate”, “intend”, “will”, “co uld ”, “may”, or “might”, the negative of such terms or other similar expressions. These forward -looking statements include matters that are not historical facts and statements regarding the Group’s intentions, beliefs or current expectations concerning, among other things, the Co mpa ny’s results of operations, financial condition, liquidity, prospects, growth, strategies, and the industry in which the Group operates. By their nature, forward-looking statements involve risks and uncertainties, because they relate to events and depend on circumstances that may or may not occur in the future. The Company cautions you that forward-looking statements are not guarantees of future performance and that the Groups’ actual results of operations, financial condition, liquidity, prospects, growth, strategies and the developm ent of the industry in which the Group operates may differ materially from those described in or suggested by the forward-looking statements contained in these materials. In addition, even if the Group’s results of operations, financial condition, liquidity, prospec ts, growth, strategies and the development of the industry in which the Group operates are consistent with the forward-looking statements contained in these materials, those results or developments may not be indicative of results or developments in future periods . The Company does not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in forward-looking statements of the Company, including, among others, general economic conditions, the competitive environment, risks associated with operating in the states where the Group operates, changes in the world [gold] market, as well as many other risks specifically related to the Group and its operations. No reliance may be placed for any purposes whatsoever on the information contained in this presentation or on its completeness, accuracy or fairness. The information in this presentation is subject to verification, completion and change. Accordingly, no representation or warranty, express or implied, is made or given by or on behalf of the Company or any of its shareholders, directors, officers or employees or any other person as to the accuracy, completeness or fairness of the information or opinions contained in these materials. None of the Company nor any of its shareholders, directors, officers or any other person accepts any liability whatsoever for any loss howsoever arising from any use of the contents of this presentation or otherwise arising in connection therewith. The presentation and the information contained herein does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. The securities of the Company have not been, and will not be, registered under the US Securities Act of 1933, as amended (the “Securities Act”). Accordingly, the securities of the Company may not be offered or s old in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. The Company does not intend to conduct a public offering of any securities in the United States 2
Bissa Gold Mine Key Messages A. • 2013 gold production expected to exceed 200koz. • Seamless launch - mine reached industrial capacity in Q1 2013 and full capacity in Q2 B. 2013. C. • Ramped up mill throughput to 3.5Mtpa. D. • Positive reconciliation between resource models and dore gold production. E. • Successfully developing new pits in line with the Life of Mine plan to maximize NPV. F. • Life of Mine mill throughput and recovery improvement projects identified. G. • Implementing a site-wide efficiency programme. H. • Established a training programme for the national staff. • SSD programs in place, including medical, educational and agricultural. Amicable I. relations with local community. J. • Utilizing extensional and infill drilling to grow open pit Reserves. K. • LOM potential is well beyond 10 years. • Regional exploration and development programme focused on Bouly and other early L. stage targets. 3
Contents • Overview • Safety and community • Mine layout and infrastructure • Mine geology • Mineral resources and reserves • Mining • Processing • Key financials indicators • Exploration and growth • Key messages 4
History • Bissa is situated in the rural commune of Sabce, 100 km north of the capital of Burkina A. Faso, Ouagadougou. • Project acquired by Nordgold at PFS stage in 2008. B. • Lycopodium was awarded the $250 mln EPCM contract to construct Bissa Treatment C. Plant in March 2011. • Nordgold was award mining permit in June 2011. D. E. • Nordgold purchases Mining Fleet, first arrivals December 2011. Mining begins June 2012. • The Bissa treatment plant was completed ahead of schedule and on budget. Total F. investment in the project was US$ 250 mln, with first gold pour in January 2013 • The mine was officially opened by His Excellency the Prime Minister of Burkina Faso Luc G. Adolphe Tiao and CEO of Nordgold Nikolai Zelensky on the 17 th of January 2013. • The mine is comprised of five open pits spread over 5.5 km of the northeast-trending H. mineralized zone, near a national highway and 2 additional pits located further to the west . • The treatment plant comprises contemporary crushing, semi-autogenous grinding and I. ball milling and conventional carbon-in-leach equipment to process 3.0 Mt or ore per year. • Commissioning to full operation steep ramp up, all targets exceeded and production and J. gold above 2013 budget predictions. K. • Bissa on target to produce more than 200,000oz in 2013. 5
Bissa construction timeline • Project acquired by Nordgold at PFS stage in 2008 and developed into producing mine. • Mine construction completed on budget ($250mln) and ahead of time, while ramp-up to full capacity only took a few weeks exceeding the expectations 6
Location 7
Management Structure Clinton Bennett General Manager Halidou John C. Timan JB Reinle Franck Toe Glenn Smith Allen Pereira John Learn Barend Bocoum Andre Deveau Coetzee Human Mining Security Finance Logistic Exploration Process Regional HSE director resources Director director director director director director director director • Nordgold is focusing on development of local employees • 2 directors are Burkina Faso citizens Directors operating both for Bissa and Taparko Directors operating only for Bissa
Employees ACTUAL Headcount National National TOTALS Expat + October 2013 Employees ( Employees Expatriate National + Bissa) (Exterhum) Employees Casuals Casuals Administration General Management 3 3 Safety 7 1 8 Environment 4 4 14 22 Training 1 1 Community Relations 5 10 15 Purchasing / Logistics 7 15 2 2 26 Accounting 7 1 8 Financial control 1 1 Security 10 47 2 19 78 Medical 2 1 3 Administration 3 8 1 12 Human Resources 4 1 5 Camp 1 3 5 9 Information Technology 3 1 4 55 88 12 40 195 Plant / Process Management 6 3 2 11 Crushing 49 7 1 57 Laboratory 6 24 3 33 Maintenance Planning 1 1 Maintenance 4 39 5 48 Electrical Maintenance 2 17 2 21 19 132 19 1 171 Mining Management 10 12 1 23 Grade Control / Geology 16 21 2 33 72 Transport / Heavy equipment 124 10 30 164 Loading 49 49 Drill / Blast 3 53 3 59 Mobile Maintenance planning 3 3 Maintenance Administration 1 2 3 Maintenance workshop 15 105 6 126 Engineering 2 15 2 19 50 381 22 65 518 Consolidated totals 124 601 53 106 884 9
Contents • Overview • Safety and community • Mine layout and infrastructure • Mine geology • Mineral resources and reserves • Mining • Processing • Key financials indicators • Exploration and growth • Key messages 10
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