PRECIOUS METALS, DIAMONDS & GEMSTONESINVESTMENT SUMMIT

IRONMONGERS’ HALL, CITY OF LONDON ● WEDNESDAY, 6 APR 2011www.ObjectiveCapitalConferences.com

Global gold overviewGreg Kay – Commercial Director, Intierra Resource Intelligence

Global Gold Overview

IntierraLive – Resource Intelligence

Presented By: Greg Kay

Confidential to Intierra Pty Ltd

Intierra

• All figures are in US$

Current Reported Annual ProductionLargest gold mines in the world

Current Reported Annual ProductionMines producing more than 500koz a year

Current Reported Annual ProductionMines producing more than 100koz a year

Current Reported Annual ProductionTotal of mines that produced at least 10koz

•~68M oz Gold produced (2010 fy)

•@ US$1,300 an ounce

•US$88.4 billion worth of gold.

•Top 5 Regions:Australasia (17 Mozpa)

Africa (16 Mozpa)

South America (13 Mozpa)

North America (12 Mozpa)

Europe ( 9 Mozpa)

Mines due to commence productionSouth America

South America is expected to add 4.7 Moz/year worth of new mines before 2016, 70 Moz of gold production over the life of those mines

Mines due to commence productionNorth America

North America is expected to add 4.4 Moz/year worth of new mines before 2016, 99 Moz of gold production over the life of those mines

Mines due to commence productionAfrica

Africa is expected to add 3.4 Moz/year worth of new mines before 2016, 46 Moz of gold production over the life of those mines

Mines due to commence productionEurope

Europe is expected to add 2.6 Moz/year worth of new mines before 2016, 44 Moz of gold production over the life of those mines

Mines due to commence productionAustralasia

Australasia is expected to add 1.6 Moz/year worth of new mines before 2016, 29 Moz of gold production over the life of those mines

Mines due to commence productionSouth East Asia

South East Asia is expected to add 901 Koz/year worth of new mines before 2016, 14 Moz of gold production over the life of those mines

Mines due to commence productionAsia/Russia

Asia/Russia are expected to add 515 Koz/year worth of new mines before 2016, 16 Moz of gold production over the life of those mines

The 8 largest new gold mines to come online in the near future:

Property Country CompanySTART YEAR

Annual Production

LOM Production

Natalka Russia OJSC Polyus Gold 2014 1 Moz 24 Moz

Cerro Casale Chile Barrick Gold Corporation 2014 840 Koz 17 Moz

Pascua-Lama Chile Barrick Gold Corporation 2013 750 Koz 16 Moz

Pebble United States Northern Dynasty Minerals Ltd. 2015 670 Koz 30 Moz

Kerr-Sulphurets Canada Seabridge Gold Inc. 2015 640 Koz 19 Moz

Pueblo ViejoDominican Republic Barrick Gold Corporation 2011 600 Koz 12 Moz

Angostura Colombia Greystar Resources Limited 2012 510 Koz 8 Moz

The largest companies to bring on new mines in the near future are:

Major contributors Additional Koz paReserves involved LOM Total

Barrick Gold Corporation 2,190 65 Moz 44 Moz

OJSC Polyus Gold 1,000 41 Moz 24 Moz

Goldcorp Inc. 980 13 Moz 13 Moz

Randgold Resources Limited 963 15 Moz 13 Moz

Ivanhoe Mines Ltd. 786 20 Moz 22 Moz

Yamana Gold Inc. 705 12 Moz 8 Moz

Kinross Gold Corporation 700 13 Moz 9 Moz

Northern Dynasty Minerals Ltd. 673 30 Moz

Xstrata plc 635 13 Moz

Seabridge Gold Inc. 634 30 Moz 19 Moz

Over the next 4 years new mines will contribute a further 16Moz per year of gold by 2014:

Production Commencing

Annual Production Reserves

Life of Mine Production

2011 3 Moz 55 Moz 37.5 Moz

2012 3.3 Moz 33 Moz 50.5 Moz

2013 4.6 Moz 75 Moz 73 Moz

2014 4.6 Moz 107 Moz 80.5 Moz

Maiden Resource Estimates in 2010Americas

Americas: 49 Moz of gold discovered in ore grading roughly 3.5 g/t

Maiden Resource Estimates in 2010Africa - Europe

Africa - Europe: 14.4 Moz of gold discovered in ore grading roughly 1.7 g/t

Maiden Resource Estimates in 2010Australia - Asia

Australia - Asia: 2.5 Moz of gold discovered in ore grading roughly 1.3 g/t

Resource Updates in 2010Americas

Americas: Resource updates for existing deposits increases known gold resources by 120 Moz

Resource Updates in 2010Africa - Europe

Africa - Europe: Resource updates for existing deposits increases known gold resources by 45 Moz

Resource Updates in 2010Australia - Asia

Australia - Asia: Resource updates for existing deposits increases known gold resources by 44 Moz