Côte d’Ivoire Investing in Côte d’Ivoire’s future … Tongon Mine, January 2019
New Barrick… extensive land positions in many of the world’s prolific gold districts M&I Resources 1 4% Donlin Gold (50%) 23% 43% Hemlo Golden Sunlight Turquoise Ridge 30% Loulo-Gounkoto Goldstrike Pueblo Viejo Jabal Sayid (50%) Cortez (60%) Massawa Morila (40%) Goldrush/ 2017 Production 2 Fourmile Kibali (45%) Porgera (47.5%) Tongon Lagunas Norte 9% Lumwana North Mara Bulyanhulu Zaldivar (50%) Buzwagi 25% Norte Abierto (50%) Kalgoorlie (50%) Pascua-Lama 53% Veladero (50%) 13% Producing Projects Acacia (63.9% Barrick) Copper producing North America South America Africa Australia Pacific 1. M&I resources are shown inclusive of reserves. Reserves and resources are based on individual companies’ assumptions. Stated on an attributable basis. 2. Source: company disclosure. Stated on an attributable basis.
A leading African gold miner… Jabal Sayid (50%) Loulo-Gounkoto Morila (40%) Massawa Kibali (45%) Tongon North Mara Bulyanhulu Lumwana (63.7%) Buzwagi Gold production Projects Acacia (63.9% Barrick) Copper production
Tongon Mine…. Management and Employees CEO Dr DM Bristow COO MEA Willem Jacobs COO West Africa Executive Chiaka Berthe Committee MEA Abidjan Office Bodiel Ndiaye GM Tongon Luiz Correia Direct Operations Mine Employees Total Contractors Total Employees Expats Nat Expats Nat Tongon & Project 17 688 705 17 1 001 1 018 1 723
Tongon Mine … Development of local skills Contrators Mine Expats Perm. Expats 17 (0.9%) 17 (0.9%) Mine Total Employees: 1 723 Nationals Perm. Nationals: 1 689 (98%) 650 (37.7%) Expats: 34 (2%) Contractors Temporary Nationals Nationals 1 001 (58.3%) 38 (2.2%)
New Barrick… powered by an ambition to deliver sustainable profitability and growth Superior World-Class Financial Discipline Assets Management Team and Investment ∎ Tier One Gold Assets and ∎ Fully implement ∎ Disciplined approach to strategic assets decentralised management growth, leveraging ethos and ownership culture partnership strategy ∎ Sell non-core assets ∎ Streamline management and ∎ Returns to shareholders ∎ Diversified portfolio with operations to eliminate non- driven by ROIC, IRR and extensive land positions in essential costs FCF per share growth some of the world’s most ∎ Leverage innovation and prolific gold districts technology to accelerate operational improvement ∎ Strive for zero harm workplaces New Barrick will seek to leverage the combined strengths of Barrick and Randgold to become the leading gold investment vehicle and deliver long-term value to shareholders
Barrick a travers Randgold Resources… Plus de 20 ans d’existence en Côte d’Ivoire Chiffres Actuels Depenses de l’Exploration dans un Investissement total à ce jour: CFA 312 milliards contrat permanent depuis 1996 CFA milliard Production à ce jour (up Q2 2018): 58 tonnes 12 10 60 milliards de CFA investis dans exploration... 8 100 millions de dollars (60 milliards de FCFA) 6 consacrés à l'exploration en Côte d'Ivoire depuis 4 1995 2 Budget d'environ 10 millions de dollars (6 milliards 0 de CFA) proposé pour l'exploration en 2018 1996 -1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 L'équipe d'exploration de Barrick en CI comprend 58 personnes dont 52 Ivoiriens
Portfolio in Côte d’Ivoire… finding world class deposits Nielle Tongon Mine N Tengrela North Mankono JV projects Tengrela South (released) Granted permits Permits under application Tiorotieri (released) Fapoha N at Fapoha S Targets with potential for satellite deposits Boundiali Mankono Kouassi-Datekro North Nafoun Joint Venture Kouassi-Datekro C (released) ▪ Strategy to clean portfolio ongoing ▪ 3 permits + 1 application dropped ▪ Decision to be made on 2 more permits Angoda ▪ Nafoun decree received and permit renewals on good progress ▪ Waiting for approval from Gvt. to Attobrou consolidate grounds in SE CDI AOI 100km RRL/Newcrest
SE Côte d’Ivoire… a priority destination for Barrick/Newcrest Joint-Venture Barrick/Newcrest requests : All necessary authorisations and approvals to perform an Aerial Survey in AOI New permits to be granted to JV Applications to be processed and granted JV to be given priority on open grounds for consolidation Authorization for BLEG sampling Barrick/Newcrest to provide : Copies of all raw and processed data of the geophysical survey to the DNGM after that data has been processed by Randgold Training to DGMG agents during the data processing Better geological potential of the area Boost exploration and attract investments Total Surface for survey: in SE CDI Total area of interest 11,066km 2 Barrick/Newcrest Total cost: ~ $500,000
Boundiali … encouraging drill results along strike of Fonondara Infill VTEM N SANI TARGET ▪ Wide system confirmed with higher grades: ▪ 20m @ 1.43g/t from 30m (incl. 5m @ 4.79g/t from 35m) 24m @ 1g/t from 0m (incl. 5m @ 2.61g/t) ; 8m @ 11.74g/t from 2m (incl. 1m @ 70g/t) KATI NORTH ▪ New drilling defined 500m-long zone of potential immediately west of Fonondara ▪ Modeling ongoing FONONDARA KOLO TARGET ▪ New drilling returned narrow mineralization ▪ No follow up planned KATIERE TARGET Shallow drilling confirms 3 subparallel structures, 1.25km strike, first 5km identified from Au-in-soil at 100ppb: 20m @ 1.5g/t from 0m (incl. 3m @ 5.08g/t); 24m @ 1.19g/t from 11m (incl. 4m @ 2.33g/t) ▪ Follow up RC planned 12 targets generated and prioritized 5 tested with shallow AC program; encouraging results along strike of Fonondara Program continuing to optimally test Fonondara structure for conclusion
New opportunities at Mankono … while Sissedougou permit being renewed Dokeka Togola Gbongogo ▪ Soil extended towards north ▪ Results pending Lokolo ▪ Trenches and shallow AC drilling completed ▪ Multiple potential zones intersected ▪ Results pending Bafretou South BAFSTR002 9m @ 0.45g/t (incl. 3m @ 0.95g/t and 1.5m @ 1.24g/t ) . Weak results due to deep weathering. AC results Strong soil anomaly over 6km pending Immediate extension of Morondo Morondo (Orca) Trenches showed deformation and 34.1Mt @ 1.1g/t for 1.2Moz alteration which hosts grade (cut off 0.7g/t)
Orpaillage and illegal mining sites remain a challenge at Boundiali permit… Value destruction for Government and Investors +300 artisanal miners next to Fonondara Main with risk of mining the resources Hundreds of artisanal miners recorded along strike arrived towards year end Risk of delays on RC/AC drilling programs Authorities informed and Barrick to request intervention
Nielle permit… Building on a strong resource base Djinni Target Shadow ▪ Surface trenching confirms presence of Deposit ▪ Follow-up trenching sheared and altered sedimentary Identified target confirms presence of vein- package with disseminated Au-bearing Follow up target hosted mineralization: sulphide, c.600m to the SW. ▪ SHTR002: 8m @ 2.27g/t ▪ Additional RC and AC drilling planned in from 4m Q1’19 to extend current 500m strike both ▪ Follow-up AC planned for NE and SW in oxide Q1 Mercator ▪ Remodeling highlights potential for Badénou Corridor additional ounces in South Zone ▪ Follow- up Q1’19 RC and AC corresponding to wide Au-in-soil anomaly drilling to infill gaps and extend ▪ Q1’19 drilling planned to test southern strike of known targets along extension towards mineralization at Jane 15km Badénou Corridor (Badenou) ▪ Shear-zone hosted disseminated Au-in- Jane (prev. Badenou) sulphide mineralization ▪ Wide envelope of Si-Ser-CO3 alteration, along volcanic/metased associated with boxworks, intersected in contact with local dioritic AC, south along strike of Mercator: intrusive • BDAC014: 15m @ 2.5g/t from 0m ▪ Conceptual targets from BDAC028: 42m @ 1.86g/t from 0m • regional soil remodel continue Strike extension from Mercator now more • to feed base of Resource N than 2.5km Triangle : Ourapa, Zulu and Jane East targets. 5km
Mercator- Jane… surface trenching highlights prospectivity along strike Belokolo Bend AC Drilling Program on the Badénou MTAC012 Corridor with Results on Remote BBAC055 18m @ 1.52g/t from 0m Regolith Map 15m @ 2.21g/t from 24m (incl. 6m @ 3.56g/t from 6m) MTAC016 MTAC059 3m @ 3.65g/t from 9m 9m @ 0.61g/t from 30m MTAC065 LEGEND NEDH009 6m @1.27g/t from 36m Interpreted Alteration 25.6m @ 1.15g/t from 173.9m Envelope from AC MTAC067 Results received 3m @0.91g/t from 9m Results outstanding 820m Interpreted Mineralized Mercator Source-Line Advanced Targets NEDH001 MTAC088 Follow-up Targets 25.6m @ 2.7g/t from 86.4m 9m @ 1.35g/t from 21m 4 km MTAC104 6m @ 0.66g/t from 33m BDAC014 15m @ 2.5g/t from 0m BDTR002 Badénou BDAC013 Classifed 12m @ 1.19g/t from 17m Forest 18m @ 1.12g/t from 24m BDAC027 2 km 6m @ 1.35g/t from 36m Jane BDAC028 42m @ 1.86g/t from 0m BDTR001 (incl. 3m @ 15.8g/t from 33m) 18m @ 1.25g/t from 200 m 7m
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