Slide 1: Exciting new Ni-Cu-PGE discovery in WA and an emerging gold province in Vic
For personal use only Exciting new Ni-Cu-PGE discovery in WA and an emerging gold province in Vic Noosa Mining Virtual – 15 July 2020 ASX: CHN | OTCQB: CGMLF
Slide 2: Forward looking statements and disclosures
Forward looking statements and disclosures For personal use only This presentation does not include all available Information on Chalice Gold Mines Limited and should not be used in isolation as a guide to investing in the Company. Any potential investor should also refer to Chalice Gold Mines Limit
Slide 3: We have a proven generative model
We have a proven generative model: A unique, well- • Acquire, discover and define mines funded exploration 1 Manage capital and divest assets in a disciplined For personal use only • specialist manner An excellent track record: 2 • ~A$110M1 generated from asset sales • ~A$36M returned to shareholder
Slide 4: Chalice's portfolio includes an exciting new discovery and two other district-scale projects
Chalice’s portfolio includes an exciting new discovery in a new mineral province of WA, as well as two other district-scale projects in Australia For personal use only Julimar Nickel-Copper-PGE Project, WA • New greenfield nickel-copper-PGE sulphide discovery 1 • 19m @ 8.4g/t Pd, 2.6% Ni, 1.0% Cu, 0
Slide 5: Tight capital structure and strong financial position
We have a tight capital structure Capital Structure and Financials and a strong financial position Equity listings Shares Out. 307.5M Market capitalisation ASX: CHN Shares (F/D) 325.1M ~A$350M (@ A$1.14ps) Top Shareholders1 OTCQB: CGMLF For personal use only Tim Goyder (Chairman) Long term holder si
Slide 6: Julimar Nickel-Copper-PGE Project, Western Australia
JD006 core specimen at Julimar Ni-Cu-PGE Project, Jun-2020 Julimar Nickel- Copper-PGE Project For personal use only Western Australia 6
Slide 7: High-grade Ni-Cu-PGE intersected in the very first drill hole at Julimar
High-grade Ni-Cu-PGE intersected in the very first drill hole at Julimar, uncovering a remarkable new discovery in a completely new province For personal use only • ~1 hour drive NE of Perth, with direct access to major highway, rail, power and port infrastructure • ~26km layered ultramafic-mafic in
Slide 8: The Gonneville Intrusion is a ~1.6km x 0.7km chonolith
The Gonneville Intrusion is a ~1.6km x 0.7km ‘chonolith’ – a favourable geometry for large-scale orthomagmatic sulphide deposits globally For personal use only Gonneville Intrusion – Magnetic / Gravity Inversion Model, Drilling and new SQUID EM Conductors ~24km of Julimar Complex within State Forest
Slide 9: Gonneville is an exceptional new nickel-copper-PGE discovery
Gonneville is an exceptional new nickel-copper-PGE discovery with the potential to deliver a world-class deposit For personal use only • High-grade massive / matrix sulphide zones: • Up to ~30m wide over a ~400m x 280m area • Grade range of 3-12g/t PGE-Au, 0.5- 3.3% Ni, 0.4-1.3% Cu, 0.03-0.18% Co •
Slide 10: High-grade G1-G2 Zones extended and new wide zone discovered at depth
The high-grade G1-G2 Zones were recently extended and a new wide high- grade PGE-copper-gold zone discovered at depth For personal use only G1 Zone – the discovery zone: • 33m @ 6.5g/t Pd, 0.7g/t Pt, 1.6% Ni, 0.7% Cu, 0.1% Co from 44m (JRC001) • 17.6m @ 5.3g/t Pd, 1.0g/t Pt, 1.3% Ni, 0.6% Cu from 19
Slide 11: The high-grade G1 Zone is continuous over ~400m of strike
The high-grade G1 Zone is continuous over ~400m of strike – step-out drilling is underway on an 80m x 80m grid For personal use only JD002 massive sulphides at ~49.5m (pyrrhotite-pentlandite-chalcopyrite) JD002 matrix/net-textured sulphides at ~90.5m (pyrrhotite-pentlandite-chalcopyrite) 11
Slide 12: Wide PGE-rich disseminated sulphide intervals in every drill hole
The wide PGE-rich disseminated sulphide intervals intersected in every drill hole to date indicate the potential for a very large-scale deposit For personal use only 12
Slide 13: The Julimar Complex extends a further ~24km north-east and is unexplored
The Julimar Complex extends a further ~24km north-east of Gonneville and is yet to be explored (access pending) For personal use only • Vast majority of the Julimar Complex lies within the Julimar State Forest • Entire complex on Chalice’s granted tenure • Approval process to gain access underway •
Slide 14: Strong demand growth and lack of supply driving palladium to record highs
Strong demand growth and lack of new sources of supply is driving the critical metal Palladium to record highs For personal use only The Platinum Group Elements (PGE): Palladium Market • Pd in deficit for nine consecutive years – recent record price of US$2,856/oz reached in Feb 2020 • Demand growth
Slide 15: Accelerated drilling and metallurgical testwork program underway
Accelerated drilling and metallurgical testwork program underway – aiming to define a maiden Mineral Resource by June 2021 For personal use only 2020-2021 Jul Aug Sept Oct Nov Dec Julimar Project, WA Access Approvals State Forest CMP Stage 1 Geophysics DHEM State Forest AEM Soil Sampling State Fores
Slide 16: Pyramid Hill Gold Project, Victoria
Drilling at Pyramid Hill Gold Project, Oct-2019 Pyramid Hill Gold Project For personal use only Victoria 16
Slide 17: Why the Bendigo gold district of Victoria?
Why the Bendigo gold district of Victoria? The prospect of finding another Fosterville Gold Mine For personal use only Northern Bendigo Zone (32Moz undiscovered gold endowment) N >60Moz Au produced since 1850’s from outcropping 50km South Bendigo Zone, at a avg grade of ~15g/t Au 90% of mines had a
Slide 18: Systematic value-add approach: find the big gold systems first
Chalice has adopted a systematic value-add approach – ‘find the big gold systems first’ For personal use only 143.5° • Our Project covers hundreds of kilometres of 144.5° Interpreted Faults Murray River prospective strike: Basement outcrop limit Bendigo Pyramid Hill Gold Project Zone • Muckleford (>
Slide 19: Dispersion of gold and pathfinder metals used to vector towards gold under cover
Dispersion of gold and pathfinder metals such as arsenic and antimony is used to vector towards gold under cover For personal use only Outcropping dispersion footprints Under cover Arsenic (we are close) ~9 Drill Line 1 Antimony (getting warmer) Line 2 Gold! Line 3 A Gold System!! Identifying contin
Slide 20: Karri Prospect: first diamond drill hole intersected wide zone of primary gold
1. KARRI PROSPECT First diamond drill hole intersected a wide zone of primary gold suggesting a significant gold system below the >4km long gold trend For personal use only OPEN Muckleford 768,000mE 766,000mE Area N Karri Ironbark • ~Maiden 7 hole diamond program for OPEN structure / geology recentl
Slide 21: Ironbark Target: two large diorite intrusions identified
2. IRONBARK TARGET Two distinct, large diorite intrusions identified at the Ironbark Target; up to 3g/t gold intersected in the first AC drill holes For personal use only 764,000 mE 765,000 mE 766,000 mE Muckleford Karri Area 4m @ 0.21g/t f/ ~22km 124m to EOH Karri • ~100 vertical AC holes completed
Slide 22: So why invest in Chalice?
So why invest in Chalice? For personal use only The new Julimar Ni-Cu-PGE discovery in WA has 1 significant scale potential and has excellent infrastructure access – 3 rigs drilling Early exploration at the Pyramid Hill Gold Project in Vic 2 has identified a exceptional scale targets, close to Foste
Slide 23: Thank You
For personal use only Thank You Level 2, 1292 Hay Street, West Perth WA 6005, Australia +61 8 9322 3960 info@chalicegold.com www.chalicegold.com linkedin.com/company/chalice-gold-mines twitter.com/chalicegold ASX : CHN | OTCQB: CGMLF
Slide 24: The Chalice Story - Appendix
The Chalice Story For personal use only Appendix 24
Slide 25: Company history
COMPANY HISTORY Since our 2006 IPO, we have acquired well, advanced projects quickly and generated >A$110M in after-tax proceeds1 from asset sales For personal use only 2012 2020 Zara Gold Project in Significant Ni- Eritrea sold for Cu-PGE 2006 ~US$114M (pre-tax) 2016 discovery at $7.5M raised in IP
Slide 26: Team
TEAM We are a dynamic and entrepreneurial group of accomplished mine finders and disciplined commercial managers For personal use only We have people who know People who know how to finance and how to find mines… commercialise them Dr Kevin Frost Tim Goyder GM – Exploration, BSc (Hons) PhD MAIG Exec
Slide 27: Strategy: systematically acquire and explore in premier terranes
STRATEGY Our strategy is to systematically acquire and explore in premier terranes; aiming to address the rapid decline in tier-1 scale discoveries worldwide For personal use only Exploration Expenditures and Primary Gold discovered globally Tier-1 scale discoveries (>US$1bn NPV) now represent only
Slide 28: Portfolio
PORTFOLIO Chalice’s portfolio includes key district-scale gold and nickel projects as well as several royalties, investments and non-operated JVs For personal use only Australia King Leopold Warrego North Copper-Gold Project Nickel Project (70-100%) (85-100%) Flinders River Royalties Vanadium Projec
Slide 29: Case study: Gold Road Resources
CASE STUDY Gold Road Resources (ASX: GOR) started with greenfield exploration in an underexplored belt and are now a >A$1Bn company For personal use only Gold Road (ASX: GOR) Share Price (A$) 1.80 • The Gruyere discovery was located HIGH 1.625 1.60 Mining in a similar underexplored yet Feasibility C
Slide 30: Pyramid Hill Gold Project - Appendix
Drilling at Pyramid Hill Gold Project, Oct-2019 Pyramid Hill Gold Project For personal use only Appendix 30
Slide 31: Chalice has staked a >5,000km2 essentially unexplored land holding
Chalice has staked a >5,000km2 essentially unexplored land holding surrounding two world-class gold deposits For personal use only 143.5° 144.5° Interpreted Faults Murray River Basement outcrop limit Chalice is in good company in the district, with Pyramid Hill Gold Project Bendigo Zone the entire N
Slide 32: Major gold deposits controlled by regional scale faults continuing into Chalice tenure
The major gold deposits are controlled by regional scale faults, which continue to the north into Chalice’s tenure → follow the strike For personal use only NSW VIC Northern Four Eagles Bendigo Zone Tandarra Extension of these regional scale faults Fosterville ~9Moz Karri under cover evident Melbour
Slide 33: Karri Prospect: gold zone associated with tight upright fold hinge
1. KARRI PROSPECT The gold zone is associated with a tight upright fold hinge – a characteristic feature of the large gold systems in the Bendigo Zone For personal use only 33
Slide 34: Karri Prospect: gold footprint indicates potential for sizeable system
1. KARRI PROSPECT The gold footprint at Karri indicates the potential for a sizeable gold system beneath → the size of the prize is significant For personal use only OPEN N ~9Moz Fosterville Karri Target OPEN OPEN Gold Mine Plan View Plan View Scale Comparison Swan Zone1 ~2.3Moz @ ~50g/t Au >1.0g/t
Slide 35: King Leopold Nickel Project, Western Australia
King Leopold field reconnaissance, Jun-2019 King Leopold Nickel Project For personal use only Western Australia 35
Slide 36: King Leopold Nickel Project covers 1,800km2 in frontier King Leopold Orogen
The King Leopold Nickel Project covers 1,800km2 in the frontier and largely unexplored King Leopold Orogen of the west Kimberley For personal use only 600,000mE 700,000mE 800,000mE • Frontier province highly prospective for 50km magmatic Ni-Cu-Co sulphide deposits 8,200,000mN N • Minimal modern expl
Slide 37: Immediate focus is the Ruins Area with several nickel sulphide targets
Chalice’s immediate focus is the Ruins Area, where several nickel sulphide targets have already been defined For personal use only • Merlin (IGO-Buxton) hosts drill intercepts in Ruins Dolerite with grades up to 8.14% Ni, 5.26% Cu and 0.69% Co Merlin (IGO-Buxton) Several high- • 11 airborne EM targe