Challenger Gold Limited · ASX:CEL
Challenger Gold — Challenger Exploration — Corporate Update (May 2021)
17 slides from Challenger Gold's corporate update, May 20, 2021
Slide 1: May Corporate Update
For personal use only ASX: CEL May Corporate Update Hualilan Gold Project : Cerro Sur looking north to Cerro Norte Challenger Exploration Limited Argentina and Ecuador Gold / Copper Projects
Slide 2: Important Notices and Disclaimer
IMPORTANT NOTICES AND DISCLAIMER For personal use only DISCLAIMER This presentation is for informational purposes only and does not constitute an offer to sell, or solicitation to purchase, any securities. Such Offer can be made only through proper subscription documentation and only to investors me
Slide 3: Overview: Two complementary assets being aggressively advanced
OVERVIEW Two complementary assets being aggressively advanced For personal use only Challenger aspires to become a globally significant gold producer supported by the Company’s current assets HUALILAN GOLD PROJECT EL GUAYABO/COLORADO V PROJECT Argentina Earning 75% Ecuador Earning up to 100% Histori
Slide 4: Investment Highlights
INVESTMENT HIGHLIGHTS World class projects + management with a proven track record • Hualilan Gold Project earning up to 75%, with a Historical resource 500,000 oz Au For personal use only at [10 g/t1], with an underlying intrusion-hosted system - 116m @ 1.1 g/t Au EL GUAYABO/COLORADO V GOLD- • Five
Slide 5: Why did we raise $42 million via an institutional placement
WHY DID WE RAISE $42 MILLION VIA AN INSTITUTIONAL PLACEMENT So we can drill with 8-10 rigs for the next 12 months which will demonstrate the true scale of Hualilan For personal use only GNDD-288 GNDD-286 GNDD-281 GNDD-290 GNDD-264: Limestone hosted skarn mineralisation including massive sulphides 10
Slide 6: High-grade mineralisation is open in all directions
HIGH-GRADE MINERALISATION IS OPEN IN ALL DIRECTIONS The higher temperature assemblage (center of the system) is at the extreme southern end Mineralisation outcrops at surface Mineralisation at Hualilan comprises 2 distinct orientations For personal use only Historical drill holes were all drilled co
Slide 7: Hualilan 3D Model
For personal use only HUALILAN 3D MODEL 7
Slide 8: Discovery of a second trend
DISCOVERY OF A SECOND TREND A Repeat zone 200 metres west of the existing mineralisation For personal use only B New Western Zone • Bulk intersection of 213.5 metres at 0.9 g/t AuEq (inc 71 metres at 1.8 g/t AuEq) • Mineralisation is hosted in intrusives analogous to the Gap Zone and Magnata • Secon
Slide 9: Gap Zone infill confirms width and a grade surprise
GAP ZONE INFILL CONFIRMS WIDTH AND A GRADE SURPRISE Grade likely to be better than anticipated in the intrusion-hosted mineralisation in the Gap Zone For personal use only Extension of the high-grade skarn • GNDD-182 extended the high grade skarn mineralisation 200 metres along strike and west of th
Slide 10: Significant extension to the north
SIGNIFICANT EXTENSION TO THE NORTH A Zone extended across a fence of holes which appeared to close it to the north For personal use only B New Western Zone • GNDD-196 (69.2m at 3.4 g/t AuEq) and GNDD-202 extended the near surface mineralisation at Magnata 200 metres north along strike and open a sig
Slide 11: Fold increase in footprint
4 FOLD INCREASE IN FOOTPRINT District scale tenement position of 80 square kilometres For personal use only • Formal Grant of the 20.6 square kilometre "Ayen" Exploration Licence which surrounds the existing Mining Licences via the IPEEM#1 • Award of three additional Exploration Licences which cover
Slide 12: A far bigger play than extending within 2km strike
A FAR BIGGER PLAY THAN EXTENDING WITHIN 2KM STRIKE Exploration has only focussed on one side of the intrusion responsible for Hualilan ✓ Excellent results from initial metallurgical testing For personal use only High-grade Skarn material • Recoveries of 87-94% (gold) and 84-86% (silver) ATE supports
Slide 13: Regional mag data (ATE features)
REGIONAL MAG DATA (ATE FEATURES) At least 5 intrusive centres of the same age 3 metres at 1.5 g/t gold in historic drillhole For personal use only Processing of surface magnetic data Angle between IGRF vector indicates there are at least 5 major and TMI vector (aTE) intrusive centres the same age as
Slide 14: Company Strategy
COMPANY STRATEGY For personal use only Our Aspiration is to become a globally significant gold producer Hualilan Gold Project El Guayabo Project Company Strategy Argentina Ecuador • Hualilan to provide a high-grade low • High-grade historical resource • Exciting traditional near surface capex operat
Slide 15: Summary
SUMMARY A significant gold system underlies the historical high-grade skarn For personal use only Hualilan Project, Argentina • Ongoing news flow that comes with at 8-10 rigs drilling • A number of new zones and higher success rates as we better understand the mineralisation – magnetics and IP are i
Slide 16: Current historical non-JORC resource
CURRENT HISTORICAL NON-JORC RESOURCE Historical drilling failed to test the Sanchez fault due to the topography For personal use only La Mancha Resources 2003 foreign resource estimate for the Hualilan Project ^ Tonnes AuEq Grade Gold Equivalents Category (kt) (g/t) (koz) Measured 218 14.2 100 Indic
Slide 17: Challenger Exploration Limited
CHALLENGER EXPLORATION LIMITED (ASX:CEL) ACN 123 591 382 Level 1, 1205 Hay Street, West Perth WA 6005 | P: +61 8 6380 9235 For personal use only Kris Knauer Scott Funston Elvis Jurcevic Jane Morgan CEO & Managing Director CFO & Finance Director Investor Relations Media Relations +61 411 885 979 +61