Challenger Gold Limited · ASX:CEL
Challenger Gold — Challenger Exploration — Noosa Mining Investor Conference 2021
21 slides from Challenger Gold's conference presentation, Nov 11, 2021
Slide 1: Noosa Mining Investor Conference Presentation
ASX Release 11 November 2021 Noosa Mining Investor Conference Presentation For personal use only Challenger Exploration Limited (ASX: CEL) (“Challenger Exploration” or “The Company”) is pleased to advise investors and shareholders that Kris Knauer, Managing Director, will be presenting as part of th
Slide 2: Noosa in November
For personal use only ASX: CEL Noosa in November Nov 11 2021 (4.30pm AEDT) Hualilan Gold Project : Cerro Sur looking north to Cerro Norte Challenger Exploration Limited Argentina and Ecuador Gold / Copper Projects
Slide 3: 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 4: Investment Highlights
INVESTMENT HIGHLIGHTS Significant discovery with grade and scale, 11-rigs operating, fully funded For personal use only • 100% owned Hualilan Gold Project - historical resource of 500,000 oz Au at [10 g/t1] • Underlying intrusion-hosted system with significant scale EL GUAYABO/COLORADO V GOLD- COPPE
Slide 5: Hualilan Gold Project – In Photo
HUALILAN GOLD PROJECT – IN PHOTO Up to 300 metres of mineralisation up plunge from current drilling For personal use only Historical workings Cerro Sur looking south from the Magnata Fault Outcrop of high-grade manto up-dip 4
Slide 6: Hualilan Gold Project
HUALILAN GOLD PROJECT Flor de Hualilan (Aerial View) For personal use only Sentazon ? high-grade Skarn mineralisation high-grade Skarn (outcrop) intrusion-hosted mineralisation intrusion-hosted mineralisation (projected)
Slide 7: Mineralisation Over 3km of Strike
MINERALISATION OVER 3KM OF STRIKE Large-scale intrusion-hosted gold system underlying a high-grade skarn For personal use only Sentazon • Potential Bonanza grade zone in the 200 metres up-dip being drilled now - 15.6m at 71.7 g/t AuEq including 4.0m at 203.8 g/t AuEq - 64.8m at 28.3 g/t AuEq zinc in
Slide 8: Hualilan Is Rare - It Has Both Grade and Scale
HUALILAN IS RARE - IT HAS BOTH GRADE AND SCALE We have come a long way in 18 months but we have much further to go For personal use only Starting Point January 2020 • Historical underground skarn resource of 500,000 oz Au at [10 g/t] • Ownership fragmented and seen as lacking scale and continuity Wh
Slide 9: Sentazon Drilling Confirms a Second Deeper Zone
SENTAZON DRILLING CONFIRMS A SECOND DEEPER ZONE Recent drilling has doubled the vertical extent of high-grade mineralisation at Sentazon which remains open • Most recent Sentazon drill results include: For personal use only • 16.9m at 16.9 g/t AuEq including 7.1m at 32.2 g/t AuEq (GNDD-296) • 63.3m
Slide 10: Continues to Extend at Depth
CONTINUES TO EXTEND AT DEPTH Sentazon likely to have 400-500 metres dip extent For personal use only Sentazon Manto and Footwall Zones Main Sentazon Manto mineralisation intersected in GNDD-401 from 234.4-236.8m (assays pending). Interval logged as massive sulphides containing pyite-10%, sphalerite-
Slide 11: Recent Magnata Fault Drilling
RECENT MAGNATA FAULT DRILLING Significantly extends high-grade mineralisation • All 33 step out holes on the Magnata Fault successfully intersected mineralisation For personal use only Verde Zone with results including: • 51.6m at 4.5 g/t AuEq including 7.9m at 27.2 g/t AuEq (GNDD-272) • 96.0m at 2.
Slide 12: Verde Zone Mineralisation
VERDE ZONE MINERALISATION A From a discovery to a 1.5km long continuous zone in 6 months • In an area of no drilling completely under cover with targeting based on geophysics For personal use only • Mineralisation is hosted in intrusives with an overlying halo in brecciated sediments B • 50-100 metr
Slide 13: A Far Bigger Play Than Extending Within 3km Strike
A FAR BIGGER PLAY THAN EXTENDING WITHIN 3KM STRIKE Exploration has only focussed on one side of the intrusion responsible for Hualilan ✓ Improved results from Met testing For personal use only High-grade Skarn material ATE supports the concept that • Recoveries of 87-94% (gold) and 84-86% (silver) m
Slide 14: Regional Mag Data (Magnetic Features) – Five Centres
REGIONAL MAG DATA (MAGNETIC FEATURES) – FIVE CENTRES 20km unexplored stratigraphy and five intrusive centres of the same age ▪ In some of the deeper and more westerly drilling at Verde we For personal use only Processing of surface magnetic data are seeing a higher temperature skarn assemblage. indi
Slide 15: Similar Footprint to DeGrey Mining's Hemi Discovery
SIMILAR FOOTPRINT TO DEGRAY MININGS HEMI DISCOVERY Hemi and Hualilan to scale For personal use only 6.8 Moz gold $1.3Bn market capitalisation 1 Km <$300m market capitalisation 14
Slide 16: Summary
SUMMARY News flow that comes with 9-rigs on site at Hualilan and 2-rigs drilling in Ecuador For personal use only Hualilan Project, Argentina • Ongoing news flow that comes with at 9 rigs • A number of new zones and higher success rates as we better understand the mineralisation – magnetics and IP a
Slide 17: 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 18: 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
Slide 19: Appendix Hualilan Gold Project
For personal use only Appendix 1 Hualilan Gold Project Foreign Historical Resource and References
Slide 20: 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 15.6m at 71.7 g/t AuEq La Mancha Resources 2003 foreign resource estimate for the Hualilan Project ^ (SNV10-01) Tonnes AuEq Grade Gold Equivalents Category (kt) (g/t)
Slide 21: Reference to Previous ASX Releases
REFERENCE TO PREVIOUS ASX RELEASES For personal use only Previous ASX Releases referred to in this presentation Date Title Drilling Results Extend Verde Zone at Hualilan Gold Project 27 Sep 2021 to 1.5 kilometres of continuous mineralisation Hualilan drilling confirms a second deeper zone and double
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