district development Tanzania Lake Victoria Greenstone Belt

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district developmentTanzania Lake Victoria
Greenstone Belt
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district developmentTanzania Lake Victoria
Greenstone Belt
Barrick Properties
Bulyanhulu
Barrick Properties
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district developmentTanzania Lake Victoria
Greenstone Belt
Pangea properties
Barrick properties
Bulyanhulu
Pangea properties
Pangea properties
Barrick properties
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regional geologyTanzania Lake Victoria
Greenstone Belt
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district developmentTanzania Lake Victoria
Greenstone Belt
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Bulyanhulu district development

• 21 licenses
• 2,000 sq. km.

Bulyanhulu
Golden Ridge
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Sekenke district development

• 26 licenses
• 2,400 sq. km.

Sekenke
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Geita district development

• 18 licenses
• 1,200 sq. km.

Geita Mine
Bulyanhulu
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Tulawaka district development

• 14 licences
• 1,000 sq. km.

Tulawaka
Bulyanhulu
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district developmentTanzania Lake Victoria
Greenstone Belt
Musoma
Geita
Bulyanhulu
Tulawaka
Golden Pride
Sekenke
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Tulawaka district development

• 200 km. toBulyanhulu
• 1 million oz.resource
• grade of 19 g/t

Tulawaka
Bulyanhulu
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Tulawakalongitudinal section east zone
www www www www www www ww
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Tulawakalongitudinal section east zone
www www www www www www ww
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Tulawakasection 062.5W
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Bulyanhulu district development

• 21 licenses
• 2,000 sq. km.

Itetemia
Bulyanhulu
Buly South
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surface geology
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developmentdecember 31, 1998
reserves 3.7 million oz.
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developmentdecember 31, 1999
reserves 7.5 million oz. reserves resources
gt10.4 million oz.
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developmentaugust 31, 2000
reserves 10.5 million oz. reserves resources
gt12.0 million oz.
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september, 200020 drills working 18
definition, 2 exploration
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september, 200020 drills working 18
definition, 2 exploration
KMC-689 2.42 m Hthk_at_ 25.85g/t
KMC-727A resultspending
KMC590D in progress
KMC-7071.44 m Hthk_at_ 5.18g/t
KMC699results pending
KMC-700E 2.48 m Hthk_at_ 19.42g/t
KMC-615B 2.63 m Hthk_at_ 16.25g/t
KMC640D2.56 m Hthk_at_ 25.11g/t
KMC693A3.78 m Hthk_at_ 6.34g/t
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phase I development updategeneral overview

• april 2001 startup
• on budget

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phase I development update infrastructure

• 138 km powerline completed
• water pipeline commissioned

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phase I development update process facilities

• construction of plant and infrastructure 67
  complete
• all major equipment ison site
• mill startup 2001

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phase I development update potential for
expansion

• 4,000 tonnesper day
• 6,000 tonnesper day

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phase I development update shaft sinking

• production shaft at 320 meters
• first station excavated
• shaft in production in2Q, 2001
• three ventilation shafts completed

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phase I development update underground
development

• 9,300 meters completed 25 over feasibility
• 3 Tanzanian development crews

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phase I development update underground
development

• grades consistent thickness 10 greater
• 121,000 tonnes_at_ 16g/tonne stockpiled

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phase I development update training / staffing

• 50 Tanzanian development operators trained
• 60 Tanzanians in training for process and
  maintenance
• expatriate recruitment nearly complete

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phase I development update community and
environment

• employee housing
• World Bank environmental standards

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MAIN phase I
EASTphase II
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phase IIeast zone

• 12/13 grams per tonne
• 500-1000 tpd mining rate
• adds 100,000 oz. to production
• decline to begin early 2001
• 12 months to access ore

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phase IIeast zone

• 2002 program
• delineate current reserve
• carry out further exploration
• begin development
• 2003 production
• 40 million capital expenditure

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MAIN phase I
EASTphase II
WESTphase III
phase IV
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phase IIIwest zone

• surface drilling to date
• greater widths / higher grades
• requires main shaft to access zoneby drift

phase IVdeep main zone

• great holes at depth
• develop later in decade

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property summarypresent

• total cash costs 130 per /oz
• total production costs under 200 per /oz

potential

• increase reserves
• reduce costs

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