AngloGold Ashanti : Innovation in Green Technology – San Juan Mining Expo

Encuentro Latinoamericano

Innovación en Tecnología Verde para la Industria Minera X Exposición Internacional: San Juan Minera 2024

21 al 23 de mayo, 2024 Provincia de San Juan, Argentina

O U R S T R A T E G Y T O R E D U C E

CARBON

EMISSIONS

DISCLAIMER

Certain statements contained in this document, other than statements of historical fact, including, without limitation, those concerning the economic outlook for the gold mining industry, expectations regarding gold prices, production, total cash costs, all-in sustaining costs, all-in costs, cost savings and other operating results, return on equity, productivity improvements, growth prospects and outlook of AngloGold Ashanti plc's (the "Company", "AngloGold Ashanti" or "AGA") operations, individually or in the aggregate, including the achievement of project milestones, commencement and completion of commercial operations of certain of AngloGold Ashanti's exploration and production projects and the completion of acquisitions, dispositions or joint venture transactions, AngloGold Ashanti's liquidity and capital resources and capital expenditures, the consequences of the COVID-19 pandemic and the outcome and consequences of any potential or pending litigation or regulatory proceedings or environmental, health and safety issues, are forward-looking statements regarding AngloGold Ashanti's financial reports, operations, economic performance and financial condition. These forward-looking statements or forecasts are not based on historical facts, but rather reflect our current beliefs and expectations concerning future events and generally may be identified by the use of forward-looking words, phrases and expressions such as "believe", "expect", "aim", "anticipate", "intend", "foresee", "forecast", "predict", "project", "estimate", "likely", "may", "might", "could", "should", "would", "seek", "plan", "scheduled", "possible", "continue", "potential", "outlook", "target" or other similar words, phrases, and expressions; provided that the absence thereof does not mean that a statement is not forward-looking. Similarly, statements that describe our objectives, plans or goals are or may be forward-looking statements. These forward- looking statements or forecasts involve known and unknown risks, uncertainties and other factors that may cause AngloGold Ashanti's actual results, performance, actions or achievements to differ materially from the anticipated results, performance, actions or achievements expressed or implied in these forward-looking statements. Although AngloGold Ashanti believes that the expectations reflected in such forward-looking statements and forecasts are reasonable, no assurance can be given that such expectations will prove to have been correct. Accordingly, results, performance, actions or achievements could differ materially from those set out in the forward-looking statements as a result of, among other factors, changes in economic, social, political and market conditions, including related to inflation or international conflicts, the success of business and operating initiatives, changes in the regulatory environment and other government actions, including environmental approvals, fluctuations in gold prices and exchange rates, the outcome of pending or future litigation proceedings, any supply chain disruptions, any public health crises, pandemics or epidemics (including the COVID-19 pandemic), the failure to maintain effective internal control over financial reporting or effective disclosure controls and procedures, the inability to remediate one or more material weaknesses, or the discovery of additional material weaknesses, in the Company's internal control over financial reporting, and other business and operational risks and challenges and other factors, including mining accidents. For a discussion of such risk factors, refer to AngloGold Ashanti's annual report on Form 20-F for the year ended 31 December 2023 filed with the United States Securities and Exchange Commission ("SEC"). These factors are not necessarily all of the important factors that could cause AngloGold Ashanti's actual results, performance, actions or achievements to differ materially from those expressed in any forward-looking statements. Other unknown or unpredictable factors could also have material adverse effects on AngloGold Ashanti's future results, performance, actions or achievements. Consequently, readers are cautioned not to place undue reliance on forward-looking statements. AngloGold Ashanti undertakes no obligation to update publicly or release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events, except to the extent required by applicable law. All subsequent written or oral forward-looking statements attributable to AngloGold Ashanti or any person acting on its behalf are qualified by the cautionary statements herein.

The information included in this presentation has not been reviewed or reported on by AngloGold Ashanti's external auditors.

Non-GAAP financial measures

This communication may contain certain "Non-GAAP" financial measures. AngloGold Ashanti utilises certain Non-GAAP performance measures and ratios in managing its business. Non-GAAP financial measures should be viewed in addition to, and not as an alternative for, the reported operating results or cash flow from operations or any other measures of performance prepared in accordance with IFRS. In addition, the presentation of these measures may not be comparable to similarly titled measures other companies may use.

Website: www.anglogoldashanti.com

2	X EXPOSICIÓN INTERNACIONAL: SAN JUAN MINERA 2024

CONTENT

1. AngloGold Ashanti (AGA) Corporate Profile

2. Cerro Vanguardia (CVSA) Operational Overview

3. AGA Decarbonization Strategy

4. Decarbonization Projects

5. Cerro Vanguardia windfarm - Challenges and Opportunities

3 X EXPOSICIÓN INTERNACIONAL: SAN JUAN MINERA 2024

ANGLOGOLD ASHANTI'S PORTFOLIO

Americas

Nevada

Continental Africa

Silicon

Merlin

North Bullfrog

Mother Lode

Rhyolite

Transvaal

Colombia

Gramalote

Quebradona

La Colosa

AngloGold Ashanti is an independent, global gold mining company with a diverse, high-quality portfolio of operations, projects and exploration activities across nine

Guinea

Siguiri

Brazil

Serra Grande

Brazil

AGA Mineração

(Cuiaba & Corrego do Sitio)

Argentina

Cerro Vanguardia

Ghana	DRC
Obuasi
Iduapriem	Kibali	Tanzania
		Geita

2023 at a Glance*
Gold Produced	2,635 Moz.
People Employed (1) (2) (3)	33,658
Total Cash Costs**	$ 1,108 /oz.
Capital Expenditure (2)	$1,127 m
Total Mineral Reserve (2)	28.1 Moz.
Total Community Investment (2) (3)	$ 18.84 m

Australia

Australia

Sunrise Dam

Australia

Tropicana

countries on four continents.

Operations	Projects	Greenfields
(bubble size = relative production)

4 X EXPOSICIÓN INTERNACIONAL: SAN JUAN MINERA 2024

Refer to the Company's corporate profile athttps://www.anglogoldashanti.com/company/corporate-profile/andhttps://reports.anglogoldashanti.com/23/ar/#glance

*All numbers include Corregio do Sitio which was placed on care and maintenance in August 2023. **For a reconciliation of these Non-GAAP financial measures, please refer to "Appendices: Non-GAAP Disclosure - Reconciliations", only relating to producing assets. (1) Average employed, includes contractors; (2) Includes projects; (3) Includes corporate and non-gold producing subsidiaries.

CERRO VANGUARDIA

CVSA has been in operation since 1998…

Operational Profile

Summary

History

• Started operations in 1998 (First Doré Bar).

Ownership

• AngloGold Ashanti has a 92.5% share.
• Fomicruz SE, a state-owned company holds 7.5%.

Location

• 110 Km NNW of Puerto San Julián in the province of Santa Cruz, ~2,300 Km from Buenos Aires, Argentina's capital.

Deposit

• Epithermal, low-sulphidation veins, containing

gold and silver.

Mine

• Multiple small open pits with high stripping

ratios Multiple narrow-vein underground mines - Sublevel Stopping - Started production in 2010.

Process Plant

• Mill throughput ~ 1.25 Mtpa.
• Heap Leach ~ 1.75 Mtpa.
• Production 2023 - Au: 152 Koz / Ag:~ 4.4 Moz.

…producing ~152 Koz. of gold and ~4.4 Moz. of silver in 2023.

5	X EXPOSICIÓN INTERNACIONAL: SAN JUAN MINERA 2024

WHAT DOES REDUCING OUR CARBON EMISSIONS MEAN?

Reducing our carbon emissions…

Our commitment

• A 30% absolute reduction in Scope 1 & 2 greenhouse gas (GHG) emissions*

from energy use by 2030**

• Net zero Scope 1 and 2 GHG emissions by 2050 using renewable-energy technology to deliver full electrification of our operations

• Collaboration with targeted suppliers to reduce material Scope 3 GHG emissions

*Emissions from the consumption of fossil-based energy is the main source of carbon emissions for AngloGold Ashanti ** 2021 Baseline: Combined Scope 1 & Scope 2

Using 2021 carbon emissions as our

baseline:

1.4 Mt CO2e

Targeting a

30%

net reduction by 2030 requires a

46%

absolute reduction from our forecast emissions

…delivers value for our business, our industry and our stakeholders.

6	X EXPOSICIÓN INTERNACIONAL: SAN JUAN MINERA 2024

SCOPE OF DIRECT AND INDIRECT EMISSIONS

Our Roadmap to Net Zero focuses on all sources of energy-related emissions…

Scope 1: Direct emissions from operations that are owned or controlled by AngloGold Ashanti; primarily emissions from fossil fuel combustion activities.

Purchased

goods

Upstream transport

SCOPE 1

Fuel and

energy-related

emissions

Scope 2: Indirect emissions from generation of	SCOPE 3 SCOPE 2	Fossil fuel
purchased electricity consumed by managed		combustion activities: Used in
	heavy mining equipment and
operations.		in electrical power generators
	at off-grid sites
Scope 3: Indirect emissions from our Supply
Chain; our material Scope 3 emissions occur in
just three of the fifteen GHG Protocol categories,	Generation of
namely purchased goods and services, fuel and	purchased electricity

energy related activities and upstream transport.

…through a combination of renewable energy projects, fleet electrification and lower-emission power sources.

7	X EXPOSICIÓN INTERNACIONAL: SAN JUAN MINERA 2024

WE HAVE SET THE TARGET AND IDENTIFIED OPPORTUNITIES

Initial estimates show we have the opportunity to reduce absolute GHG emissions…

Total AngloGold Ashanti Emissions (Mt CO2-e)

1.8

1.7

1.6

1.5

1.4

1.3

1.2

1.1

1.0

0.9

0.8

0.1

0.0

Our Emissions Profile

-0.8 Mt

CO2-e

1.8

Further

Opportunities:

0.4



Additional

electrification

1.4



Additional solar

with storage



A larger wind

farm

Australia-:0.6

-30%

-0.1

0.02

Wind & solar hybrid

0.03

1.0

Ghana: Solar PV

-0.1

plant

Guinea: Solar PV at

Siguiri

Argentina: Wind

farm at Cerro

Vanguardia

2021

Growth

2030

Renewable

Cleaner Grid

Fleet

Efficiency

Additional

Target

Actual

Forecast

Energy

Energy

Electrification

Initiatives

(30%

by 2030)

…by ~0.8 Mt CO2-e to ~1 Mt CO2-e by 2030.

8	X EXPOSICIÓN INTERNACIONAL: SAN JUAN MINERA 2024

CARBON EMISSIONS REDUCTION PIPELINE

Our pipeline of initiatives is being tracked to ensure successful implementation…

Australia		Sunrise Dam
		Wind
		(Phase 2)
					Australia
					BEV
Africa	Obuasi
BEV
		Siguiri
	Geita		Solar / BESS		Siguiri	Ghana	Obuasi
	BEV		+60MW		40 MW	100MW	VSD
					Solar	Solar	Iduapriem
							DGB
Latam	CVSA	CVSA	CVSA		Cuiaba
	1GW	10MW		Forest
	Battery
	Wind	Wind		BEV	Carbon
						Credits
				Nevada	Col. Electric	Col. Green
	Nevada		Nevada	UG Equip. Col. 100%	Hydrogen
	Rail-Veyor	Nevada	Trolley	Clean	Green Grid
Growth	considered	BEV	Assist	Grid
	post 2030

AGA Funded / Sourced

Third Party / Split Funded

Target		25kt
Emissions	100kt CO2-e
CO2-e
Reduction

	Sunrise Dam		
	Tropicana
	Solar
	Hybrid
	(Phase 1)
	Renewables
Geita Star &
Comet to Grid	Obuasi	Obuasi	Geita
	Tanesco Grid
	Compressors	
	UG rail	Swap
			Brazil
			Clean Grid

…with the majority delivering benefits planned before 2030.

9	X EXPOSICIÓN INTERNACIONAL: SAN JUAN MINERA 2024

TROPICANA HYBRID RENEWABLE PLANT

Tropicana has started construction of the wind turbine plinths…

Tropicana Construction Progress	Summary

 The Tropicana's Hybrid Renewable Plant is expected to provide ~50% clean energy offsetting ~65 Ktpa CO2-ein emissions through:

	+
	+
24 MW			24 MW			14 MW
Wind Turbines		Solar Plant			Battery

 We signed an agreement with Pacific Energy to construct the renewable wind and solar project, while continuing to operate the combined renewables-gas power station under a 10-year build-own-operatecontract.

 The renewables integration is expected to almost eliminate Tropicana's diesel consumption for power generation and reduce natural gas consumption for power generation by approximately 50%.

…with completion planned for January 2025.

10	X EXPOSICIÓN INTERNACIONAL: SAN JUAN MINERA 2024