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Kibali’s exploration extends life-of-mine

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Kibali’s exploration extends life-of-mine
Barrick president and CEO Mark Bristow says Kibali was built on partnerships with its stakeholders, notably the government and its host communities. Based on its success, Barrick was ready to invest in new gold and copper opportunities in the DRC, provided the government continued to build alongside it. Image credit: Barrick

Kibali’s exploration extends life-of-mine

Exploration to extend the life of mine at Barrick’s Kibali gold mine in the DRC continues.

Barrick has continued to focus on extending the life of its Kibali gold mine in the Democratic Republic of the Congo (DRC) with world class exploration and resource conversion programs.

Recent high-grade discoveries at Barrick Gold’s Kibali mine in the DRC demonstrates the potential for further brownfields exploration and extending the life of mine to more than 15 years.

Kibali’s exploration extends life-of-mine
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Exploring the KZ trend (Kibali’s exploration extends life-of-mine)

The potential for significant discoveries along what Barrick refers to as the KZ trend, which is within trucking distance of the current Kibali plant, is extremely high.

According to Barrick’s most recent presentation, the KZ trend stretches north of current operations for more than 50km.

Furthermore, about 90% of the KZ structure outside the KCD area where current operations are located, remain untested below 150m vertical depth.

The exploration maturity at Kibali is low compared to other global gold districts like Yilgarn in Western Australia and the Superior Province in Canada.

Investment and technology (Kibali’s exploration extends life-of-mine)

According to Barrick President and CEO Mark Bristow, Kibali continues to deliver growth as its strong record of replenishing reserves and resources through exploration, and further investment in technology and capacity, position it to sustain its 750,000 ounces annual production past the current 10-year horizon to 15 years and beyond.

Barrick ready to further invest in DRC (Kibali’s exploration extends life-of-mine)

“Kibali is now not only Africa’s largest gold mine, but also its most automated and thanks to its three hydropower stations, a leader in renewable energy. When its back-up solar power plant and battery storage system are commissioned next year, the renewable component of its energy mix will increase to 85%.

Bristow says Kibali was built on partnerships with its stakeholders, notably the government and its host communities. Based on its success, Barrick was ready to invest in new gold and copper opportunities in the DRC, provided the government continued to build alongside it.

Kibali’s exploration extends life-of-mine

Kibali’s exploration extends life-of-mine
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AgricultureEnvironmental Management & Climate ChangeEnergyESGInfrastructureMiningPolitical EconomyTourism and ConservationWater Management