Chesterfield Resources Plc · LSE:CHF
Chesterfield Resources — Investor Presentation (March 2022)
44 slides from Chesterfield Resources's investor presentation, March 2022
Slide 1: A major new copper exploration play in Labrador, and VMS project in Cyprus
A major new copper exploration play in Labrador, and VMS project in Cyprus March 2022
Slide 2: Disclaimer
Disclaimer 2 These slides and the accompanying oral presentation (the “Presentation”) have not been approved by an authorised person within the meaning of the Financial Services and Markets Act 2000 (“FSMA”). If any person is in any doubt as to the contents of this Presentation, they should seek ind
Slide 3: Snapshot history of Chesterfield (CHF.L)
Snapshot history of Chesterfield (CHF.L) 3 • Main board London Stock Exchange, listed as a shell with objective to become a copper-focussed exploration company • 2018, RTO of licences in Cyprus, a VMS camp in low-risk jurisdiction • November 2020, backed by FTSE 100 Polymetal International which inj
Slide 4: Chesterfield: growth through exploration and acquisitions
4 Chesterfield: growth through exploration and acquisitions • Major new copper acquisition in Labrador • our strategic partner in Canada • Cyprus: an advanced exploration project • our strategic partner for Cyprus An ambitious young company attracting significant partners
Slide 5: A top-tier team to build a business in copper
A top-tier team to build a business in copper 5 Dr Neil O’Brien, Director of Martin French, Executive Chairman - Formally a senior investment banker Exploration - Previously SVP of with CLSA, and country manager for Exploration, and also New Business institutional equity in various locations Develop
Slide 6: Adeline: a top grade mining location globally
Adeline: a top grade mining location globally 6 • Newfoundland-Labrador ranked No 8 best mining investment location in the world by the Fraser Institute • Year-round mining. Exploration seasons in winter and simmer • Goose Bay, major regional services center and airport, around 90 miles away, or 40
Slide 7: Labrador's Central Mineral Belt: copper potential
Labrador’s Central Mineral Belt: copper potential 7 • The Central Mineral Belt (CMB) is of a globally significant scale and geologically a great address on the junction of three tectonic terranes • Eastern CMB is predominantly uranium. Western area is a sedimentary copper play, with the entire centr
Slide 8: The Adeline project overview
The Adeline project overview 8 • Scale: Entire prospective copper belt. License area 44km long, Adeline 297 km2. Approx. 250 copper shows on/near surface within Project project area, yet very little drilling historically • Potential: Sedimentary belts globally have demonstrated large- scale copper d
Slide 9: Seal Lake Basin: Around 250 copper targets identified
Seal Lake Basin: Around 250 copper targets identified 9 Highly mineralised: Copper on surface or very near surface
Slide 10: Geological comparison: same scale as the Chambishi Basin in Zambia
Geological comparison: same scale as the Chambishi Basin in Zambia 27 • Sediment-hosted deposits are highly attractive to explorers because they can form orebodies that compete with porphyry coppers on tonnage but are much higher grade • Eg Polish Lubin deposit, Congalese Kamoa- Kaula deposit, Kewee
Slide 11: Geological comparison: the Udokan deposit, Siberia
Geological comparison: the Udokan deposit, Siberia 11 Adeline, Labrador Udokan, Russia Same Scale Jorc defined 26.7Mt resource. Contained copper value at circa $250 Billion Udokan Copper entering production in 2022
Slide 12: Enlarged licence covers 297 KM2 (29,725 ha)
Enlarged licence covers 297 KM2 (29,725 ha) 12 Numerous target areas already identified
Slide 13: Building a relationship with the Innu First Nation
Building a relationship with the Innu First Nation 13 • Innu has a history of involvement in mining projects in Labrador • Chesterfield has met with leadership and is contracting Innu JV companies for drilling, camp construction and air transportation • Chesterfield recently made a donation to Innu
Slide 14: Altius Minerals: an excellent strategic partner in Canada
Altius Minerals: an excellent strategic partner in Canada 14 • A TSX-listed company with a market capitalisation of approximately C$700 million. • A successful project generator, with royalties over 13 producing assets including the famous Voisey’s bay, 777 and Chapada Stream mines • 2020 royalty re
Slide 15: An all-share deal: attractive for Chesterfield
An all-share deal: attractive for Chesterfield 15 • 100% of the project acquired by Chesterfield. Payment in 10% equity, and 10% in 20p three year warrants. No earn-in payments • Altius will retain a 1.6% royalty, own 10% of the company. Altius will become a strategic partner, helping us design and
Slide 16: Rich exploration history: drilling potential
Rich exploration history: drilling potential 16 Forbisher - Kennco 1951-56 Noranda Mines Prospecting, soil sampling, trenching and • Geochemical Sampling Playfair Mining 2011 1992 shallow drilling: 27 short holes • Geophysics (including high quality • Satellite Imagery Ellis: 4.5m @ 2.5% Cu, 94.3 g/
Slide 17: Comprehensive field program: July – September 2021
Comprehensive field program: July – September 2021 17 • Detailed geological mapping • Verification rock chip sampling • Geophysics anomalies investigated at surface • Study of geological structures • New targets identified • Objective: target generation/ranking and detailed drill campaign design Sev
Slide 18: Strong field survey results: good grades over multiple targets
Strong field survey results: good grades over multiple targets 18 Sample results from 2021 Chesterfield survey • Field programme and historic data analysis results released January, 2022 • Historic near surface drill intersections include: Ellis: 7.9m 1.76% Cu, 56.2 g/t Ag Whiskey Lake: 7.5m 1.25% C
Slide 19: Combining workstreams – target generation process
Combining workstreams – target generation process 19 • Re-valuation of historical data • 2021 field data − Re-modelling geophysical and − Detailed geological mapping geochemical data − Systematical rock chip sampling − GIS compilation − Field observations and − Re-logging of historical core interpre
Slide 20: The Adeline Project – Initial target list being generated
The Adeline Project – Initial target list being generated 20 14 Major targets are being drawn up and ranked
Slide 21: Target Area: Adeline Island
Target Area: Adeline Island 21 Targeting grey beds
Slide 22: Slide 22
Slide 23: Regional Geology & Copper Showings
® Regional Geology & Copper Showings Ellis: Brian Prospect: ae A Seal Lake Group 4.9% Cu, 192¢/t 0.3% Cu, 85 g/t Ag Duck Lake East Brandy Lake: i 'u, 192 g/t Ag h 23% Cu, 66 6/tAg Upper Red Quartzite Formation Ellis Pond #75: ‘Adeline Island Formation 4.95% cu, 192 g/t Ag TARGET STRATIGRAPHIC HORIZO
Slide 24: Widespread copper shows evident on the ground
24 Widespread copper shows evident on the ground
Slide 25: A large section of exposed deposit at target area Ellis
A large section of exposed deposit at target area Ellis
Slide 26: Strong opportunity for drill intercepts showing continuation
26 Strong opportunity for drill intercepts showing continuation
Slide 27: Regional Geology & Copper Showings
® Regional Geology & Copper Showings Ellis: Brian Prospect: ae A Seal Lake Group 4.9% Cu, 192¢/t 0.3% Cu, 85 g/t Ag Duck Lake East Brandy Lake: i 'u, 192 g/t Ag h 23% Cu, 66 6/tAg Upper Red Quartzite Formation Ellis Pond #75: ‘Adeline Island Formation 4.95% cu, 192 g/t Ag TARGET STRATIGRAPHIC HORIZO
Slide 28: Rebuilding camp site
Rebuilding camp site 28 • Preparations underway to re- furbish abandoned drill camp at a lakeside location on the Adeline site (seen here when previously operational) • Once rebuilt, camp will reduce operational costs for drilling and field work going forward Camp when previously operational
Slide 29: Rapid Adeline project: rapid roll-out
Rapid Adeline project: rapid roll-out 29 • Re-evaluation of all historic mapping, sampling and drill data: Completed August • Re-appraisal of all geophysics data using modern visualization software: Completed • Three phase helicopter-supported field programme: Completed September • Target selection
Slide 30: Toronto provides strong opportunities to build the stock
Toronto provides strong opportunities to build the stock 30 A good reception from Bay Street
Slide 31: Corporate strategy in Canada
Corporate strategy in Canada 31 • Chesterfield was co-founded by Canadian with a core group of long- term Canadian shareholders. Dr. Neil O’Brien, Director of Exploration, is a Canadian based near Toronto • Canadian secondary listing in Q2, 2022. 43-101 report and application already underway. OTCQB
Slide 32: Newfoundland-Labrador explorers are attracting attention in the markets
Newfoundland-Labrador explorers are attracting 32 attention in the markets • Major mines include Voisey’s Bay (Vale), Carol Lake (Rio Tinto) and Menihek (Tata Steel) • New Found Gold: discovery 19m @ 93g/t Au, C$1.25bn+ market cap • Marathon Gold: discovery 4.4m oz 1.7 g/t Au C$710m+ market cap • Ex
Slide 33: Adeline project: strong ESG credentials
Adeline project: strong ESG credentials 33 • Copper: an essential building block of the clean energy megatrend • Power supply from Churchill Falls hydro project, sustainable power • Project area completely uninhabited, no social interaction • Good relations with Innu First Nation. • Permitting: envi
Slide 34: Cyprus: an attractive EU mining jurisdiction
Cyprus : an attractive the EU mining jurisdiction 34 • Long and rich history of mining. The word “Copper” comes from the Latin name for Cyprus, which was “Cuprum”. It was the world centre of copper and gold in classical times. • An EU jurisdiction with strong UK links. Supportive mines department. E
Slide 35: Why Cyprus? A VMS camp abandoned in the 1970s
Why Cyprus? A VMS camp abandoned in the 1970s 35 Old mines litter the Troodos hills in Cyprus
Slide 36: Cyprus: A substantial 95.3 Km2 licence area to explore
Cyprus : A substantial 95.3 Km2 licence area to explore 36 A 2,000m drill campaign has recently been completed in Cyprus. Samples are in the assay lab. Four new licences recently applied for
Slide 37: Westline mineralised trend
Westline mineralised trend 37 • Key 12km long trend hosts five locally high-grade mineralized systems (Westline, Orchard, Evlim, Evloimeni and Evlim South) and runs through the large historic open pit Limni mine • Recent strong drill results Feb 2022 (see below) at several targets have identified a
Slide 38: Detail of system at Westline target area at south of trend
Detail of system at Westline 38 target area at south of trend • Chesterfield recently completed 2,000m diamond drilling and geophysics campaign. • Encountered high grade gold silver. Including 21.4 meters grading 1.75g/t gold, (from 98.7 metres, downhole), and within this a high-grade zone of 3.3 me
Slide 39: Limni South Gold project: commercial grade samples
Limni South Gold project: commercial grade samples 39 • Dump Material is about 300m x 100m across with a thickness ranging from 10m -35m. Surrounding drill holes • Promising samples at surface, however, highest grade material likely at the bottom of the dump • Testing programme in planning: systemat
Slide 40: Why invest in Chesterfield?
Why invest in Chesterfield? 40 • Copper is the basic building block of clean energy, at the heart of a mega-trend. • Just acquired one of the best new copper exploration of scale projects in North America, 297 KM2 in Labrador “Exploration project the scale of a major miner in a junior company” Neil
Slide 41: Time and effort into building the stock
Time and effort into building the stock 41 • Liquid retail base in the UK. New investor bases to be developed • Secondary listing process is underway, Canadian broker appointed, hard dollar and flow-through funding, Canadian IR strategy to be rolled out, senior Canadian management hires • Listing on
Slide 42: A good runway of news over the next six months
An good runway of news over the next six months 42 • Labrador field survey and targeting news • Commencement of new drill and exploration campaign in Cyprus • Roll out of Canadian pivot strategy. Secondary listing process is underway, Canadian, Canadian IR strategy to be rolled out, high profile Sen
Slide 43: Capitalization table
Capitalization table 43 Listing London: Main Board Ticker Symbol LSE: CHF Shares outstanding 130,000,231 Warrants and options 26,417,318 Altius warrant 11,100,000 Fully diluted capital 167,711,914 Share price 7p Market capitalisation £9.1m (C$15.5m) Directors Shares Owned Martin French 3,175,000 Dav
Slide 44: Thank you from Chesterfield Resources: Questions?
Thank you from Chesterfield Resources: Questions? 44
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