#1Burkina Faso Analyst visit - Taparko Gold Mine (SOMITA) 31.10.2013 SCHOT nordgold#2Disclaimer 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”, “could”, “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 Company'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 development 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, prospects, 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 sold 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 nordgold 2#3nordgold Taparko Gold Mine Key Messages A. . 2013 gold production expected to exceed 100koz. กา B. C. D. E E. | பட F. G. H. I. J. K. • • · • • • • 2-years without a Lost Time Injury (LTI). Best in Nordgold. Recovery is stably above 80%. Maximize plant throughput and gold recovery by optimizing the ore blend and the implementation of recovery improvements initiatives. Commenced pre-strip of 35 & GT pit cutbacks, while producing high-grade ore from the low SR 35 & GT pits. Commenced development of the high-grade Bouroum pit; first ore production in Q4 2013. 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 plan to maximize NPV. SR has peaked in 2013 and expected to decrease in 2014. Implementing a site-wide efficiency programme. L. • M. • Established a training programme for the national staff. Utilizing extensional and infill drilling to grow open pit Reserves. Regional exploration and development programme focused on high potential Goengo, Yeou nearby areas and other early stage targets. 3#4Contents nordgold . • • • • . • • 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#5History A. ԱՄ B C. • • 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 mining industry in Burkina Faso. It is the first commercially operated gold mine in the country since the government operated Poura mine closed in 1999. Taparko annual production summary nordgold Year Tonnes Processed Feed Grade Au Au recovery (%) (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 LO 5#650 SCALE 100 Location MALI Dangon Bangban Hond Qonde IVORY COAST 150 200 Km nordgold kart Bissa Gold Deposit Mayin Mango OUAGADOUGOU Taparko-Bourou Gold Mine NIGER BENIN TOGO GHANA LEGEND Main road City CO 6#7Management 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 Regional director HSE director Security director Human resources director Finance director Process director Mining Director Logistic director Exploration director Maintenance director Geology director nordgold • • 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#8Employees DEPARTMENTS GENERAL MANAGEMENT SERVICES PLANT DEPARTMENT Director Or pre traitment Maintenance Metallurgy HEADCOUNT 1 DEP. HEADCOUNT 1 106 68 214 13 Laboratory 27 Blast/Drilling 49 MINE DEPARTMENT MAINTENANCE DEPARTMENT GEOLOGY/TECHNICAL SERVICES EXPLORATION DEPARTMENT SECURITY DEPARTMENT 204 Loading/Transportation 155 Mobile Equipment 140 175 Fixed Equipment 35 Geology 52 70 Ingeneering 18 30 30 Security 36 42 Health 6 Environment 8 Safety 5 HSE DEPARTMENT 22 21 Training 3 Business System 5 LOGISTIC DEPARTMENT FINANCE DEPARTMENT REGIONAL DEPARTMENT HUMAN RESOURCES DEPARTMENT Personnel Community/Camp TOTAL HEADCOUNT 33 33 Accounting/Control 8 IT Ouaga Office 4952 12 9 7 818 nordgold#9Contents nordgold • • • . • • 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#10HSE overview HSE performance 1,0 1,53 1,52 0.8 0.6 0,75 0,73 0,72 0.4 0.2 0,0 HSE strategy 00000 0000000000000000 Rolling LTIFR for 12m Lost time incidents Aug-13 Sep-13 1. 2. 3. 4. 5. Formal delivery of ICAM (Scheduled by Training Department January 2014) Continued yearly training of all LV drivers onsite Installation of Electronic Bulletin Boards 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 (from Operational Excellence) nordgold 1 2.0 1,5 1,0 0,58 0,5 Oct-13 0,0#11Community development Emergency help • Distributions of food to local populations following a poor agricultural season in 2009 Financial support to Yalgo and Bouroum impacted by the flood of July. 2010 Support to local communities impacted by the flood in September 2009 Assistance in the reconstruction of the dam in Tougouri following the September 2010 flood Education · Construction of new school in Taparko and renovations to the old. school including furniture and supplies for 300 children Construction of 4 modern houses for nurses and teachers in Taparko in 2013 Donation of tables and chairs to the primary school of Gorbalé in 2013 Health & agriculture Construction of new health clinic in Taparko and renovation of old clinic including new supplies and equipment Potable water fountain for the school in Taparko Donation of 100 sheep to the Taparko women's committee to help them create a sustainable economic activity nordgold 11#12Our Communities 128 Don de SOMITA SA à la commune de Yalgo DONATION OF AN AMBULANCE IN 2010 TO YALGO HOSPITAL CONSTRUCTION OF HEALTH INFRASTRUCTURE FLY PROMOTION OF EDUCATION: TRAINING AND WOMEN EMPOWERMENT: nordgold 12#13Bouroum negotiations • Bouroum is the group of pits located in 50 km from Taparko. Inferred Resources at the beginning of 2013 were 281koz. • Before starting developing Bouroum pits the management faced a problem of illegal miners which have been acting on Bouroum's territory. They were supposed to leave the future mine by. the end of August because of the rain season, but the situation has gotten much worse. The total amount of illegal miners increased from 2000 to 10 000 during the summer. • ⚫ The start of pits development was planned for September 2013 and this problem could delay the planned launching of works relating to construction, fencing off the territory, etc. Joint efforts of local administration, legal and security departments, Taparko's communication. department and Nordgold's management have solved the problem with illegal miners in one month. • During September the successful negotiations with local authorities and communities were held. As the result the territory of Bouroum was purged from the illegal miners, the fence was installed and the illegal production was stopped. Before After nordgold 13#14Contents nordgold • • . • • Overview Safety and community Mine layout and infrastructure Mine geology Mineral resources and reserves Mining Processing Key financials indicators Exploration and growth Key messages 14#15Taparko General Surface Plan nordgold * 35 Pit Base Vie Processing plant Tailing dam 2N2K P CT PR 15#16Contents nordgold . . • • Overview Safety and community Mine layout and infrastructure Mine geology Mineral resources and reserves Mining Processing Key financials indicators Exploration and growth Key messages 16#1720000 28888 N 19900 $14800 N Taparko General Geology +9600 E +9800 E- +20000 N srk consulting LEGEND +9400 E +19700 plunge 65 19600 +19600 N 19500 19400 +19400 N 19300 +19200 N 19100 +9400 E nordgold 75 +9600 E 78 80 0950 minor conjugate fractures qtz filled +19800 N major shear structures with qtz veins dip and strike of structures +19600 N sense of movement along structures Ge 83 04h Nord magnétique (grille) G#05 Nord geog Go resource outline at 0.5 ppm Au CUMOSE LATERTE DINE DROGUE PANORTE MERCANTE PHIOLITE ARE DE FLONG EQU ZONE CISAILLEE DE TAPARKO OHER PREEX ZONE 2K +19400 N MES ACCES & NEUTIES ACESTE ZONE 2N resource outline at 1 ppm Au LES MERTES PARFOIS VOLCANOES VOLCANOSEDMENTS ET NEWSCONDES MENDMENTS RESER, PENGES COOR ZONE DE CALLEM ZONE GT ZONE 1 + 19200 N Looking down 100 150 200 CONCT GEOLOGUE SUR COMPACT GOLOGOVE SUR CONTACT GEOLOOGUE POSSE HIGH RIVER GOLD MINES LTD B-WIT ARICK PROJET TAPARKO GRILLE TAPARKO GÉOLOGIE SUR LE SECTEUR DE TAPARKO ZONE 3/5 Gd 17#18nordgold 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 18#19Mineral Resources and reserves Taparko Resource and Reserve Estimates (1 January 2013) Category Ore (Kt) Grade (g/t) Au (kg) Au (Koz) RESERVES Proven 399 2.44 972 31 Probable 8,269 2.53 20,882 671 Proven+Probable 8,668 2.52 21,854 703 RESOURCES nordgold Measured Indicated 16,303 2.17 35,445 1,139 Measured+Indicated 16,303 2.17 35,445 1,139 Inferred 8,699 1.51 13,110 421 19#20Contents nordgold • • Overview Safety and community Mine layout and infrastructure Mine geology Mineral resources and reserves Mining Processing Key financials indicators Exploration and growth Key messages . • 20 20#212013 Mining Performance (1/2) Total bcm mined in 2013 [ths. bcm] 900 845 5 648 6 000 800 754 687 5 000 700 623 600 558 561582 547 4 000 491 500 3 000 400 300 2 000 200 1 000 100 0 0 Jan Feb Mar Apr May Jun Jul Aug Sep 2013 actual Ths. BCM Comments: . Mining tonnage: total tonnage forecast for 2013 is 14125kt to be mined from 3 pits 3/5, 2N2K and GT • Shifts; 2 X 12 hrs shift are worked at Taparko with hot seat change and 45 minutes lunch break • Mobile mining fleet maintenance is conducted during lunch break • Strategy for 2014 is to develop Bouroum, GT and 3/5 on best NPV analysis basis nordgold 21#222013 Mining Performance (2/2) Total ore tones mined in 2013 [ths. tones] 1 152 200 1 200 158 164 168 147 1 000 150 127 112 800 101 100 83 92 600 400 50 200 0 0 Jan Feb Mar Apr May Jun Jul Aug Sep 2013 actual Ths. Tones Ore grade [g/t] + 3.5 2.87 2.84 2.79 3.0 2.69 2.67 2.45 2.51 2.55 2.61 3 2.5 2.16 2 2.0 1 1.5 0 1.0 Jan Feb Mar Apr May Jun Jul Aug Sep 2013 actual Grade nordgold 22#232013 & 2014 Taparko Mining Locations nordgold 2N2K Pit GT Pit 23 23#24Bouroum General Surface Plan Citure 30 km Barbre 20m Waste Pile Bare 20m 60.000 m2 ROMPAD 100000 Bouroum 2013: 32 kt at 2.24 g/t for 3 koz nordgold 2014 377 kt at 3.38 g/t for 41 koz Bouroum January 2014 Bouroum Center Bouroum South Bouroum end of December 2015 Bouroum Center Bouroum South 24#25Efficiency program Project 1 Drill rods management 2 Performance management of excavator operators 3 Pit practice improvement • • • Description Test rods from different suppliers Choose the most suitable for us with longest life Finalization of testing of excavators at Berezitovy mine and installation of Taparko in case of success Will allow to decrease loading cycle, improve load volume, manage performance of operators Installation of radios in the mining equipment Implementation of simple dispatch system Decrease down time for fueling and greasing of the mining fleet • Usage of the tires with suitable TKPH ratio 4 Optimization of downtime for • fueling and greasing 5 Tire life improvement 6 Elimination of overloading of DT . 7 8 • Have hungry boards not higher than 250mm Have payload lights on new trucks mounted so they are visible by the shovel operator Reduce the time and cost for lining truck trays Decrease cost on Ground Engaging Tools, Eliminate welded adaptors as support for the teeth. • Ramp management Base competency trainings for mining fleet operators Dedicated component shop and shop for drills repair Chromium Carbide liners for DT • • and KVX system for excavators Other projects without clear economical effect nordgold 25 25#26Contents nordgold • • • Overview Safety and community Mine layout and infrastructure Mine geology Mineral resources and reserves Mining Processing Key financials indicators Exploration and growth Key messages • 26 26#27nordgold Processing summary A. To improve the particles size of the ore to match the increase in production from 140 TPH to 210 TPH a regrind mill has been installed and started in August 2012. An improvement of 15 % on the grind size has been achieved. B. In 2013 we encountered high graphite and pyrite levels in the ore creating a reduction in recovery. Modifications were done to reduce the preg-robbing effect of the graphite. The slow gold dissolving process is mainly due to high pyrite content. Additives were added to the slurry to improve the reaction kinetic. C. D. To increase the residence time, two new CIL tanks have been installed and started in August 2012. In 2013, the average residence time was close to 23 hours as per the feasibility steady. The tailing dam height increases in 2013 to support production for the next 2,5 years. The bottom and the berms of the tailing dam are covered by a 1.0 mm HDPE liners to eliminate risk of water table contamination. IE. ヨ Additional improvement projects and equipment will see 2014 throughputs to close to 2.0 Mtpa by the end of the year. 27#28PL01 Tex nordgold Process Plant Flowsheet Lane Cra 26HSTA 26-05-2 -CY- T SAMLO.G Cor fa T 56-796-41 21--01 Act Pay Twink Colyme ST-CLM-ET Seaty Sow 31-OCP-41 Treth Bowe C& Ta E AD THE W CLAMA 16S ACTO Quresh Gwen Cab London Carbon CTP THE SEANGA Pune PUP.COM Two Diam 50-PHO-01 TAPARKO COMMISSIONING FLOWSHEET 1 Process Plant 28#292013 Processing Performance (1/2) Tones milled in 2013 150,000 133,572 123,927 128,478 134,335 135,914 135,608 133,984 100,000 83,176 55,875 50,000 0 Jan Feb Mar Apr May Jun Jul Aug Sep % mill operating hours 2013 96.0 100 50 50 0 Jan 95.5 95.1 95.1 94.8 96.1 87.5 63.0 39.0 Feb Mar Apr May Jun Jul Aug Sep Mill throughput 2013 [t/hr] 187 200 193 197 196 192 183 192 187 142 150 100 50 0 Jan Feb Mar Apr May Jun Jul Aug Sep 29 nordgold#302013 Processing Performance (2/2) Gold head grade 2013 [Au g/t] 4 3.32 2.92 3.04 ♡ 2.75 2.64 2.86 2.55 2.30 2.50 2 1 0 Jan Gold recovery 2013 [%] Feb Mar Apr May Jun Jul Aug Sep 100 79.66 84.24 83.16 81.99 86.30 77.64 73.71 74.34 76.68 50 0 Jan Gold produced [kg Au] Feb Mar Apr May Jun Jul Aug Sep 400 328 311 275 300 265 250 254 240 210 158 200 100 0 Jan Feb Mar Apr May Jun Jul Aug Sep nordgold 30 30#31Efficiency program Project 1 Optimization of cyanide consumption 2 Optimization of caustic soda consumption • 3 Increase share of HFO in power generation 4 Decrease downtime of the plant due to electrical reasons 5 Installation of homogenizer 6 Other minor projects nordgold Description Oxygen addition, higher lime consumption will allow to decrease cyanide. consumption • Optimization of elutions leading to lower caustic soda consumption • Increase share of HFO in power generation in 4th quarter to 80% . . • • Purchase of new genset what will allow to generate enough power for mills start up in case of one of gensets repair Installation of homogenizer for utilization of used oil for power generation Optimization of PPE Reduction of fuel for rented equipment Implementation of bacterial beds Optimization of travel costs • • LV costs optimization . Installation of scrap magnet on the mills discharge 31#32Contents nordgold • • • • • Overview Safety and community Mine layout and infrastructure Mine geology Mineral resources and reserves Mining Processing Key financials indicators Exploration and growth Key messages 32#33Taparko Gold Mine: Financial KPIs Change, Change, Change, Operating results LTIFR Run of mine, kt Q3 2013 Q3 2012 Q2 2013 9m 2013 9m 2012 YOY QoQ YOY 0.00 0.00 0% 0.00 0% 0.00 0.00 0% 4,675 3,100 51% 4,357 7% 12,880 8,789 47% Waste mined, kt 4,327 2,669 62% 3,878 12% 11,462 7,595 51% Ore mined, kt 348 431 -19% 480 -28% 1,418 1,194 19% Stripping ratio, tn/tn 12.43 6.19 101% 8.09 54% 8.08 6.36 27% Ore milled, kt 325 406 -20% 353 -8% 1,065 1,171 -9% Grade, g/t 2.58 2.80 -8% 2.80 -8% 2.73 3.00 -9% Recovery, % 81.1% 82.8% -1.7% 81% 0.5% 79.6% 82.2% -2.6% Gold production, Koz 22.1 29.4 -25% 25.8 -14% 77.3 91.2 -15% Gold sold, Koz 22.2 29.4 -25% 25.8 -14% 77.3 91.2 -15% Average realised gold price per ounce sold, US$/oz 1,323 1,688 -22% 1,398 -5% 1,463 1,653 -12% Revenue, US$m 29.3 49.6 -41% 36.1 -19% 113.1 150.7 -25% EBITDA, US$/m 12.3 EBITDA margin, % TCC, US$/oz 34% 832.5 nordgold 33 33#34Contents nordgold • • • Overview Safety and community Mine layout and infrastructure Mine geology Mineral resources and reserves • Mining Processing Key financials indicators Exploration and growth Key messages 34 =4#35nordgold Exploration summary A. B. Brownfield exploration at Taparko pits GT, 3/5 and 2N/2K, at flanks and at depth. Brownfield exploration at very high grade Bissinga pit abandoned in 2010. Prolong the life of Taparko mine with discovery of additional reserves for the existing mine. and mill infrastructure. Exploration of 15km area around the mine using advanced techniques such as recent airborne geophysics, termite mound sampling and detailed mapping by senior geologists; so far most promising target is Goengo, which has potential to significantly increase the life of mine. No significant zones exist east or west of Taparko mill, work ongoing north and south along strike C. Exploration of rich quartz veins satellites in Bouroum region to feed the mill with high grade ore from deposits ~50 km away; the most advanced project in this category is Yeou. D. Integration of the mapping, drilling, termite mound geochemistry and airborne geophysics will be performed with a view to drill about 11 000m of DD in 2014 ヨ E. 2013 field work has resulted in decision to drop Dyakolra, Taranga and Nongo-Fayere permits. 35 55#362013 exploration program Taparko ML A. Geophysics newly acquired 100x100m airborne geophysics data (magnetics, radiometrics, VTEM electromagnetics) increases the technical level of the geophysics at the scale of the ML compared to the regional government surveys B. Geochemistry-regional geochemistry will sample termite mounds** instead of traditional soils, at 200 x 200m spacing, compared to previous 400 x 400m; in-fill sampling of anomalies. identified close to the ROMpad may be performed prior to complete coverage of the ML at 200 x 200m C. Mapping increase the technical level of the mapping by using senior geologists - D. Continue resource/reserve drilling in close proximity to the existing open pits. nordgold E. F. Special attention to the northern extension of 3/5 pit, using S plunge model Special attention to Goengo, 15 km from the ROM pad, where significant exploration potential may be opened up with detailed mapping and intepretation of existing drilling, integrated with the new detailed geophysics.#37Taparko and Nongo-Fayere Taparko mine VTEM DC_50 Conductivity Markoye fault Goengo nordgold 2500 CONDUCTIVITY (mSim) WGS BUT ON 2500 HIGH RIVER GOLD MINES Ltd BURKINA FASO ZONE 11 INTERPRETED EXPLORATION TARGETS#38nordgold Main results Taparko area 2013 A. There is no significant mineralization west (Taparko granodiorite) or east of Taparko mine (amphibolite grade incipient migmatites) B. Drilling ongoing along strike, north and south of Taparko mine, best result north of the mine fence is 3.15 g/t Au / 1.95m but the zone is actually about 10m wide - step-out drilling will be done C. Best exploration target close to Taparko mine is Goengo (15 km) where gold mineralization is associated with shear zones in greenschist metasediments D. Secondary exploration target at Levry (20-25 km) not yet mapped#39nordgold Taparko termite mound results (north) 3/5 pit GT pit#40nordgold Taparko termite mound results (south) Goengo Levry#41500 -500 -400 -100 --100 <-200 N 0199 <-N 0099 35 Open Pit - Drill Targets 8600 N- 7000 N-> 7200 N-> 3/5 Target 1 Infill to test continuity and upgrade inferred resources 3/5 Target 2 Infill to fill gap nordgold N 0199- <-7000 N 7200 N 7400 N- 7600 N- 3/5 Target 3 Infill to upgrade inferred resources MII pit shell Inferred resou resources Indicated resources -7450 N N 099/- N 0909- 41 N 0000 610 500- 400 200- 100 <-100-> -200#421000 1301 1500 1609 2N2K Open Pit - Drill Targets 4800 N- 5000 N-> 2N2K Target 1 Infill at depth to fill gaps and 1200 upgrade from inferred to indicated <-1100 2N2K Target 2 Infill at depth to fill gaps and upgrade from inferred to indicated -4600 N nordgold -4800 N -5000 N -5210 N 5200 N- 5400 N- 2N2K Target 3 Infill at depth to fill gaps 5400 N N 0399- Indicated resources 2N2K Target 4 MII Shell 1300- Infill at depth to upgrade from inferred to indicated 1200-> Inferred resources N0009-> 42 1003 1103-> 1400 1500 1600->>#43-2000 1900 -2200 2100 nordgold -3600 N 3600 N-> GT Open Pit - Drill Targets Indicated resources -N DOO 201 MII pit shell Inferred resources Infill area to join two pit bottoms 4800 N 43 19 190 211#44400 Bouroum Open Pit - Drill Targets 20000 N -300 <-200 -100 <-18800 N 19600 N 19400 14 19200 N -19000 N 11 MII Pit Shell Indicated resources Bouroum Drill Target 2: Fill gaps and upgrade inferred resources Inferred resources -100 Bouroum Drill Target 1 Fill gaps and upgrade inferred resources <-200 20000 N- nordgold 19500 N- 19600 M- 19490 M- 19200 N- -11 44 44#45nordgold Yeou exploration project Plan de sondages TEP5OOK 14W www. 1508 800-1000 45#46Goengo exploration project Goenigo nordgold 46 46#47Contents nordgold • • • • . . • Overview Safety and community Mine layout and infrastructure Mine geology Mineral resources and reserves Mining Processing Key financials indicators Exploration and growth Key messages 47#48nordgold Taparko Gold Mine Key Messages A. . 2013 gold production expected to exceed 100koz. กา B. C. D. E E. | பட F. G. H. I. J. K. • • · • • • • 2-years without a Lost Time Injury (LTI). Best in Nordgold. Recovery is stably above 80%. Maximize plant throughput and gold recovery by optimizing the ore blend and the implementation of recovery improvements initiatives. Commenced pre-strip of 35 & GT pit cutbacks, while producing high-grade ore from the low SR 35 & GT pits. Commenced development of the high-grade Bouroum pit; first ore production in Q4 2013. 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 plan to maximize NPV. SR has peaked in 2013 and expected to decrease in 2014. Implementing a site-wide efficiency programme. L. • M. • Established a training programme for the national staff. Utilizing extensional and infill drilling to grow open pit Reserves. Regional exploration and development programme focused on high potential Goengo, Yeou nearby areas and other early stage targets. 48