Challenger Gold Limited · ASX:CEL
Challenger Gold — Challenger Exploration — Shareholder Meeting (November 2020)
22 slides from Challenger Gold's shareholder meeting presentation, Nov 23, 2020
Slide 1: 2020 Annual General Meeting
For personal use only ASX: CEL 2020 Annual General Meeting November 23 2020 Hualilan Gold Project : Cerro Sur looking north to Cerro Norte Challenger Exploration Limited Argentina and Ecuador Gold / Copper Projects
Slide 2: Important Notice & Disclaimer
IMPORTANT NOTICE & DISCLAIMER DISCLAIMER For personal use only 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 meeti
Slide 3: Investment Highlights
INVESTMENT HIGHLIGHTS World class projects + management with a proven track record • Hualilan Gold Project earning up to 75%, with a Historical resource 627,000 oz For personal use only Au at 13.7 g/t1 , with an underlying intrusion-hosted system - 116m @ 1.1 g/t Au • Five rig high impact 45,000m dr
Slide 4: Hualilan Gold Project Overview
HUALILAN GOLD PROJECT Overview For personal use only • High grade gold project with historic skarn resource of 627,000 Oz at 13.7g/t gold [assume 10 g/t AuEq]#1 with underlying porphyry gold system • CEL drilling has extended mineralisation in multiple directions and confirmed high grades: - 6.1m at
Slide 5: High Grade Mineralisation
HIGH GRADE MINERALISATION Remains open in all directions - limited by drilling Mineralisation outcrops at surface Mineralisation at Hualilan comprises 2 distinct orientations For personal use only Historical drill holes 04-HD-33, 34 & 35 were all drilled well behind the plane of controlled by region
Slide 6: Conceptual Intrusion-Hosted Target
CONCEPTUAL INTRUSION-HOSTED TARGET Covering 1km of strike under the high-grade mineralisation with the potential to be significantly larger • Discovery of Intrusion-hosted Gold (in For personal use only GNDD-025 : altered porphyry dacite) 88m @ 0.9 g/t Au, 2.3 g/t Ag, Incl 50m at 1.4 g/t Au, 3.5 - 8
Slide 7: Recent Drilling Cerro Sur
RECENT DRILLING CERRO SUR Drilling continues to extend the high-grade mineralisation For personal use only • Excellent near surface results in the current round of drilling at Cerro Sur: - 44.0m at 3.6 g/t AuEq inc 12.0m at 10.4 g/t AuEq (GNRC-110 Magnata) - 27.0m at 3.9 g/t AuEq inc 7.0m at 13.8 g/
Slide 8: Drilling: Cerro Norte – Gap Zone
DRILLING : CERRO NORTE – GAP ZONE High-grade mineralisation in multiple holes in the Gap Zone For personal use only • Excellent results in the current round of drilling at Cerro Norte and the Gap Zone: - 5.0m at 12.3 g/t AuEq from 35m (GNRC-076 Cerro Norte) - 4.0m at 12.0 g/t inc 1.0m at 47.2 g/t Au
Slide 9: First Six Holes Confirm a Discovery
FIRST SIX HOLES CONFIRM A DISCOVERY A major intrusion-hosted system underlying the high-grade skarn For personal use only • First six holes designed to test the model of a large intrusion-hosted gold system underlying the skarn returned broad gold intercepts over 1 kilometre: - 39.0m at 5.7 AuEq – G
Slide 10: Status of Current Drilling Program at Hualilan
STATUS OF CURRENT DRILLING PROGRAM AT HUALILAN Focus now back on the high-grade mineralisation Current 45,000 metre drilling plan For personal use only • 5 rigs on site since Sep 11th (8 weeks 5 rigs drilling) • Drilling holes GNDD-161 to GNDD-165 • Assay results reported up to drill hole GNDD-092 •
Slide 11: Underground Mapping and Sampling Program
UNDERGROUND MAPPING AND SAMPLING PROGRAM Key work item to push the maximum number of historical ounces into JORC For personal use only Underground channel sampling • Key requirement for JORC Resource • Completed in second week of December – last assays in January • Approximately 50% of the historica
Slide 12: El Guayabo Gold/Copper Project – Ecuador
EL GUAYABO GOLD/COPPER PROJECT – ECUADOR Project Overview including the adjoining Colorado V concession For personal use only • 35km2 land package 5km along strike from the 16.7-million ounce Cangrejos1 deposit which is going through permitting • Substantial historical drilling results not followed
Slide 13: El Guayabo Gold/Copper Project - Geology
EL GUAYABO GOLD/COPPER PROJECT - GEOLOGY Geological Model For personal use only CANGREJOS (17 MOz Au) Porphyry Target Porphyry Porphyry Target Target recently acquired Colorado V concession covers the 10km of strike between El Guaybo and Cangrejos 13
Slide 14: El Guayabo Gold/Copper Project - Geophysics
EL GUAYABO GOLD/COPPER PROJECT - GEOPHYSICS A number of near surface porphyry systems evident For personal use only Preliminary East-West MT Inversion – DC Resistivity Section (Line07N) Target Western boundary of concession 14
Slide 15: North-South IP Line
NORTH-SOUTH IP LINE Large undrilled mineralised breccia bodies Historical drilling results For personal use only – 112m @ 0.6 % Cu +0.7 g/t Au +14.7 g/t Ag ; – 116m @ 0.4% Cu + 0.6 g/t Au + 8.9 g/t Ag; – 215m @ 0.4% Cu + 0.2 g/t Au + 9.6 g/t Ag (inc 83m @ 0.5% Cu + 0.2 g/t Au + 14.9 g/t Ag) 24A 24C
Slide 16: Ecuador Update – Multiple Large Gold Targets
ECUADOR UPDATE – MULTIPLE LARGE GOLD TARGETS Before any significant expenditure For personal use only Current Status ► 146m at 1.5 g/t Au, 1.8 g/t Ag from 211m (ZK1-5) - incl 87m at 2.1 g/t Au, 1.9 g/t Ag ► Over 250 metres of gold mineralisation in drill hole ZK0-2 - 151 metres at 0.9 g/t gold and 3
Slide 17: Kilometre Trend
2 KILOMETRE TREND Increases strike extent by over 400% For personal use only • Surface mapping and sampling over two unexplored soil anomalies along strike from the drilling returned wide spread gold at surface in the same rock types that host the broad intercepts in the historical drill holes • Two
Slide 18: Drilling Targets Analogous to Cangrejos 5km Away
DRILLING TARGETS ANALOGOUS TO CANGREJOS 5KM AWAY Recent assay results point to a major discovery For personal use only • Number of high tenor gold and copper in soil anomalies > 1km2 in size not validly tested D • Majority of the drilling was on the flanks of the soil anomalies • Assays of the initi
Slide 19: Summary
SUMMARY It appears a significant bulk gold system underlies the historical high-grade mineralisation at Hualilan For personal use only Hualilan Project, Argentina • We will start to see the news flow that comes with five drill rigs • Number of pending holes could provide +100m intersections with mos
Slide 20: 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 21: 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 22: 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
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