Burkina Faso Analyst visit Taparko Gold Mine (SOMITA) 31.10.2013 - PowerPoint PPT Presentation

Burkina Faso Analyst visit – Taparko Gold Mine (SOMITA) 31.10.2013

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

Taparko Gold Mine Key Messages A. • 2013 gold production expected to exceed 100koz. B. • 2-years without a Lost Time Injury (LTI). Best in Nordgold. C. • Recovery is stably above 80%. • Maximize plant throughput and gold recovery by optimizing the ore blend and the D. implementation of recovery improvements initiatives. • Commenced pre-strip of 35 & GT pit cutbacks, while producing high-grade ore from the E. low SR 35 & GT pits. F. • Commenced development of the high-grade Bouroum pit; first ore production in Q4 2013. G. • Over 3,000 of artisanal miners relocated without any incidents. • Successfully developing new pits and staging of cut-backs in line with the Life of Mine H. plan to maximize NPV. I. • SR has peaked in 2013 and expected to decrease in 2014. J. • Implementing a site-wide efficiency programme. K. • Established a training programme for the national staff. L. • Utilizing extensional and infill drilling to grow open pit Reserves. • Regional exploration and development programme focused on high potential Goengo, M. Yeou nearby areas and other early 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 A. • The first gold poured at the Taparko-Bouroum Gold Mine on July 17, 2007. • The start-up of the Taparko-Bouroum Gold Mine marked the revival of a modern gold B. mining industry in Burkina Faso. • It is the first commercially operated gold mine in the country since the government C. operated Poura mine closed in 1999. Taparko annual production summary Year Tonnes Feed Grade Au Au recovery (%) Processed (g/t) 2008 368 973 3.04 91.1 2009 814 519 3.97 93.5 2010 1 273 759 3.46 90.3 2011 1 461 309 3.26 84.3 2012 1 677 442 3.09 82.1 5

Location 6

Management Structure M. Kelly General Manager L. Mirindi H. Bocoum JB Reinle F. Toe B. Roy R. Berquin Y. Sevin J. Learn D. Couture J. Imbeau R. Godbout Human Regional Security Finance Process Mining Logistic Exploration Maintenance Geology HSE director resources director director director director Director director director director director director • Nordgold is focusing on development of local employees • 2 our directors are Burkina Faso citizens Directors operating both for Bissa and Taparko Directors operating only for Bissa

Employees DEPARTMENTS SERVICES HEADCOUNT DEP. HEADCOUNT GENERAL MANAGEMENT Director 1 1 Or pre traitment 106 Maintenance 68 PLANT DEPARTMENT 214 Metallurgy 13 Laboratory 27 Blast/Drilling 49 MINE DEPARTMENT 204 Loading/Transportation 155 Mobile Equipment 140 MAINTENANCE DEPARTMENT 175 Fixed Equipment 35 Geology 52 GEOLOGY/TECHNICAL SERVICES 70 Ingeneering 18 EXPLORATION DEPARTMENT 30 30 Security 36 SECURITY DEPARTMENT 42 Health 6 Environment 8 Safety 5 HSE DEPARTMENT 21 Training 3 Business System 5 LOGISTIC DEPARTMENT 33 33 Accounting/Control 8 FINANCE DEPARTMENT IT 4 12 REGIONAL DEPARTMENT Ouaga Office 9 9 Personnel 5 HUMAN RESOURCES DEPARTMENT 7 Community/Camp 2 TOTAL HEADCOUNT 818

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 9

HSE overview HSE performance 1 1,0 2,0 1,53 1,52 0,8 1,5 0,6 1,0 0,75 0,73 0,72 0,4 0,58 0,5 0,2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0,0 0,0 Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12 Jul-12 Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Rolling LTIFR for 12m Lost time incidents HSE strategy 1. Formal delivery of ICAM (Scheduled by Training Department January 2014) 2. Continued yearly training of all LV drivers onsite 3. Installation of Electronic Bulletin Boards 4. Continued development of Safety First Culture through: Take 5 / Near Miss Reporting JHAs and SOPs/ Behavior Audit assisted with SOMITA safety booklet for each level of Supervision “Safety Employee of the Month” award system along existing Idea of the Month program 5. (from Operational Excellence)