African Barrick Gold
15 September 2010
African Barrick Gold 2010 Site Visit Exploration Overview 15 - - PowerPoint PPT Presentation
African Barrick Gold 2010 Site Visit Exploration Overview 15 September 2010 Disclaimer Important Notice This presentation has been provided to you for information purposes only. It does not constitute an offer, solicitation, invitation or
15 September 2010
Disclaimer
Important Notice This presentation has been provided to you for information purposes only. It does not constitute an offer, solicitation, invitation or inducement to purchase, subscribe or
in any jurisdiction. The information or opinions contained in this presentation shall not form the basis of, or be relied on in connection with, or act as any inducement to enter into, any contract or commitment or investment decision whatsoever in connection with ABG. The information and opinions contained in this presentation are provided as of the date of this presentation and are subject to change without notice. ABG explicitly disclaims any responsibility, obligation or undertaking to update or revise any information contained in this presentation after its date, whether as a result of new information, future events or otherwise. No reliance may be placed for any purpose whatsoever on the information or opinions contained in this presentation or on its completeness and no liability whatsoever is accepted for any loss howsoever arising from any use of this presentation or its contents. Certain information, statements, beliefs and opinions in this presentation are forward looking. Forward-looking statements are statements that are not historical facts. These statements include, without limitation, financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations with respect to future production, operations, costs, products and services, and statements regarding future performance. Forward-looking statements are generally identified by the words "plans," "expect," "anticipates," "believes," "intends," "estimates" and other similar expressions. All forward-looking statements involve a number of risks, uncertainties and other factors. Although ABG’s management believes that the expectations reflected in such forward-looking statements are reasonable, investors are cautioned that forward-looking information and statements are subject to various risks and uncertainties, many of which are difficult to predict and generally beyond the control of ABG, that could cause actual results and developments to differ materially from those expressed in, or implied or projected by, forward-looking information and statements contained in this presentation. Factors that could cause or contribute to differences between the actual results, performance and achievements of ABG include, but are not limited to, political, economic and business conditions, industry trends, competition, fluctuations in the spot and forward price of gold or certain other commodity prices, changes in regulation, currency fluctuations (including the US dollar, South African rand and Tanzanian shilling exchange rates), ABG’s ability to successfully integrate future acquisitions, to recover its reserves or develop new reserves, including its ability to convert its resources into reserves and its mineral potential into resources or reserves and to timely and successfully process its mineral reserves, changes in its business strategy, as well as risks and hazards associated with the business of mineral exploration, development, mining and production. Accordingly, investors should not place reliance on forward-looking statements contained in this presentation. Any forward- looking statements in this presentation speak only as of the date of this presentation and only reflect information available at the time of preparation. Subject to the requirements of the Disclosure and Transparency Rules and the Listing Rules or applicable law, ABG explicitly disclaims any obligation or undertaking publicly to update or revise any forward-looking statements contained in this presentation, whether as a result of new information, future events or otherwise. No statements made in this presentation regarding expectations of future profits are profit forecasts or estimates, and no statements made in this presentation should be interpreted to mean that ABG’s profits or earnings per share for any future period will necessarily match or exceed the historical published profits or earnings per share of ABG
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Tanzania - Properties and Projects Overview
Non-Operating JV ABG Operating
Geita
Mwanza Shinyanga Musoma
Tulawaka
(0.12Moz)
Buly
(17.1Moz)
Buzwagi
(4.36Moz)
North Mara
(3.93Moz)
Jomu Golden Ridge Tusker
Golden Pride
Dett
100km
agwe Karagwe Ankolean Greenstones Granites5
Exploration and Project Development Pipeline
Mine site Satellite Lake Victoria Goldfields Africa wide
Medium to Long Term Short to Medium Term
Grassroots Program Target Delineation Advanced Exploration Resource and Scoping
Target Size
Opportunity
Africa-wide M&A >1 Moz >750 koz >500 koz >100 koz
Reserve Definition / Feasibility
Masabi Extensions Tulawaka West Dett Gokona U/G Buly Upper East Zone Tusker Gokona Gena Trend Golden Ridge Tulawaka Deeps Jomu Tulawaka East Extn Buly Reef 2 West Buzwagi Village Reef Kilimani Nyanzaga Regional Surubu Karagwe Ankolean Tagota Buly Reef 1 & 2 East Kahama Nyakafuru JV Komarera
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Project Pipeline
Project 2010 2011 2012 2013
Tulawaka Extensions Golden Ridge Gokona / Nyabigena UG Bulyanhulu Upper East Nyanzaga – Tusker / Kilimani Drilling & Resource Definition Scoping Studies Feasibility Studies Project Execution Production
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20km Tulawaka Buck Reef Imweru Mgusu GEITA DEPOSITS
Granite Unclassified intrusive Gabbro QFP Felsic volcanic Mafic volcanic, <2750 Mafic volcanic, >2750 Sediments
Kakindu
Tulawaka West
Tulawaka – Project Location
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Tulawaka Underground & Surface Extensions
continues.
Mojamoja prospects – a number of promising drill intersections encountered.
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Tulawaka – Satellite Targets
continues to test extensions Main West Zone and Mojamoja prospects.
have been encountered from shallow depths including:
completed on targets to the southeast of Tulawaka for further satellite deposits.
Main West Zone Mojamoja Tulawaka East
2k m
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Buzwagi – Golden Ridge Satellite Opportunity
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20km Buzwagi
(4.36 Moz) Golden Ridge
Jomu Nyakafuru
Golden Pride
Granite Mafic volcanic
Masabi
55km
Kahama 100% Kahama JV Nyakafuru JV BEAL GPW JV
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Golden Ridge Feasibility Project
South North
Grade Thickness gm x metre
RC Infill 2010
current pit designs.
1.2km of 4km strike
US$ 750 Pit
2010 Met Hole
Buzwagi – Satellite Opportunity – Masabi
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20km Buzwagi
(4.5 Moz) Golden Ridge
Jomu Nyakafuru 1.1Moz
Golden Pride
(3 Moz)
Granite Mafic volcanic
Masabi
Kahama 100% Kahama JV Nyakafuru JV BEAL GPW JV
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North Mara – Gokona-Nyabigena Underground Project
600m 800m 1000m 1200m 600m 800m 1000m 1200m 12400E 12600E 12800E 13000E 13200E200m
Pit Stage 2 Pit Stage 3
17m @ 12.11g/t
West East
20 to 40 40 to 60 60 to 80 80 to 100 > 100 < 20 Grams X metres13m @ 6.95g/t 14m @ 33.7g/t 23m @ 8.6g/t 13m @ 7.79g/t
Gokona East Zone Gokona West Zone Gokona Deeps Extension Target
600m 800m 1000m 1200m 600m 800m 1000m 1200m 12400E 12600E 12800E 13000E 13200E 600m 800m 1000m 1200m 600m 800m 1000m 1200m 12400E 12600E 12800E 13000E 13200E200m 200m
Pit Stage 2 Pit Stage 3
17m @ 12.11g/t
West East
20 to 40 40 to 60 60 to 80 80 to 100 > 100 < 20 Grams X metres13m @ 6.95g/t 14m @ 33.7g/t 23m @ 8.6g/t 13m @ 7.79g/t
Gokona East Zone Gokona West Zone Gokona Deeps Extension Target
Gokona-Nyabigena underground project.
scheduled for completion during H1 2011.
North Mara ounce profile and extend mine life.
depth extensions to both Gokona West and Gokona Deeps lodes.
the planned final Stage 3 open pit.
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North Mara – Gokona Corridor Extensions
has current and past endowment
masks the favourable Archaean stratigraphy
corridor commenced in Sept 2010
testing the Gokona corridor over more than 8km of the current trend
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North Mara – Camp & Regional Targets
major greenstone belts around the world.
beneath younger volcanic cover and require a good structural understanding and reconnaissance drill programs.
Nyabigena Trend east and west of the mines commenced in mid-August 2010 and will continue in 2011.
the land package will be tested in in Q3- Q4 2010 and follow-up of success in 2011.
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Bulyanhulu – Near-mine Exploration Targets
Buly
(17.1Moz)
5km
Golden Horseshoe
Buly South JV
targeting
Reefs 1 and 2
along strike, and
test extensions to:
are being developed using 3D-modeling and structural targeting.
Fold Nose
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Bulyanhulu Upper East Zone Update
Upper East Zone
models and action plan formulated.
existing decline commenced – first 500m expected to be completed early Q4.
completed.
expected to be made shortly, completion targeted for early 2011.
expected during H1 2011 and work starting shortly after. Existing 1.8km decline
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Golden Ridge Jomu Geita Buly
(17.1Moz)
GHS Kitongo Tusker Buck Reef 20km
Nyanzaga (Tusker Deposit) - Location
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Nyanzaga Project Update
May.
Kilimani resource areas
deposits to improve economics of project
scheduled for Q4 2010.
H2 2010.
scheduled for commencement Q2 2011 with feasibility study commencing by year-end 2011 dependent on results of scoping.
Tusker & Kilimani – Resource Extensions
Tusker
Kilimani
500m
Tuffaceous Sediment Mudstone BIF Chert Gossan DDH RC RAB
Tusker - Geological Cross Section
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Nyanzaga Project – Satellite Targets
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Tusker
VTEM Target
targets and further large-scale opportunities have commenced across the Nyanzaga project
been identified. Targets include:
Contact details
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Office address African Barrick Gold plc 5th Floor
London W1G 0QF +44 (0)207 129 7150 Key contact details Greg Hawkins (Chief Executive Officer) Kevin Jennings (Chief Financial Officer) Andrew Wray (Head of Investor Relations and Corporate Development) - +44 (0)207 129 7155 – awray@africanbarrickgold.com Website – www.africanbarrickgold.com