Chalice Mining Limited · ASX:CHN
Chalice Mining — Chalice Gold Mines — Mine Africa, Toronto (March 2011)
20 slides from Chalice Mining's conference presentation, Mar 8, 2011
Slide 1: Eritrea's Next Gold Miner
E it ’ Next Eritrea’s N t Gold G ld Miner Mi For personal use only Mine Africa March 2011 www.chalicegold.com
Slide 2: Disclaimer and Competent Persons Statement
Disclaimer and Competent Persons Statement For personal use only This presentation may contain value references and "forward looking statements“ which are subject to various risks and uncertainties that could cause actual results and future events to differ materially from those expressed or implied
Slide 3: Corporate Snapshot and Capability
Corporate Snapshot and Capability ASX: CHN; TSX: CXN For personal use only Capital Structure Share price A$0.60 Shares on issue 212 million Market capitalisation ~A$128 A$128 million Options on issue 12.6 million Debt ‐ Cash ~A$5m A$5m Board Substantial Shareholders Tim Goyder Executive Chairman Fra
Slide 4: Analysts Covering the Chalice Story
Analysts Covering the Chalice Story For personal use only Australia Southern Cross Equities Peter Chapman E: pchapman@sceq.com.au T: +612 9231 0880 Paterson Securities Limited Simon Tonkin E: STonkin@psl.com.au T: +618 9225 2816 Argonaut Limited Troy Irvin E: troy@argonautlimited.com T: +618 9224 68
Slide 5: Project Snapshot
Project Snapshot For personal use only Chalice is a gold development company in the highly prospective and d underexplored d l d Arabian‐Nubian A bi N bi Shield Shi ld off Eritrea Ei Chalice is developing the high‐grade, low cost Zara Project Feasibility completed, permitting underway Open pit ‐ 760
Slide 6: The Opportunity – by cash cost
The Opportunity – by cash cost For personal use only 6 775 800 Cash h Costs Grade d (g/t) ( /) 5 700 660 e Grade (g/tt) Cash Costs (US$/oz) C 4 577 600 514 492 492 3 500 463 461 Reserve 2 355 400 338 1 300 0 200 Teranga Avocet Cluff Noble Adamus Centamin SEMAFO Perseus Banro Chalice 6
Slide 7: Comparative Market Valuation
Comparative Market Valuation For personal use only 1,403 800 700 600 EV / Resserve (A$/ozz) 500 400 300 200 100 ‐ Banro Chalice Centamin Perseus Noble Adamus Teranga Avocet Cluff SEMAFO *Avocet multiples have been adjusted on a pre‐tax basis for the sale of its South East Asian assets. 7
Slide 8: The Arabian-Nubian Shield
The Arabian‐Nubian Shield For personal use only Centamin Sukari Equinox Jabal Sayid 15 year 10 year 500 koz pa Au 61 kt pa Cu La Mancha Hassai Chalice Zara Nevsun Sunridge 6 year Bisha Asmara 156 koz pa + VMS 7 year 104 koz pa Au >10 year 5 year Au, Ag, Cu, Zn Cu Zn Ag Au The Zara Project is located
Slide 9: Significant Ground Position
Significant Ground Position For personal use only 9
Slide 10: Koka Gold Deposit
Koka Gold Deposit For personal use only Indicated Resource of contained gold 840,000 , Oz ~600m strike length Probable Reserve of contained gold 760,000 Oz *Both based on 1.2 g/t cut‐off 10
Slide 11: Koka Outstanding Returns
Koka Outstanding Returns For personal use only 160000 900 Production 140000 800 US$/oz) Production (koz) 120000 700 Cash costs 600 Cash Costs (U 100000 500 80000 400 60000 300 40000 200 20000 100 0 0 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 150 Distributions Cash flow to equity Cash Flow (U
Slide 12: Koka Development Schedule
Koka Development Schedule For personal use only Calendar Year 2010 2011 2012 2013 Quarter Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Maiden Reserve Feasibility Study COMPLETED Release 43‐101 TSX listing Zara Permitting Funding Period Construction Pre‐Strip First Production 12
Slide 13: Exploration Potential
Exploration Potential For personal use only Zara North BLEG & ‐80# gold anomalies Rock‐chips to 27.5 g/t Au Koka 840,000 oz Resource 3D IP Survey & Soil Konate Sampling Intersections to 7m @ 22.3g/t 2 km 13
Slide 14: Koka 3D IP – Near Mine Targets
Koka 3D IP – Near Mine Targets For personal use only W KOKA E KOKA EAST DEBRA KONATE 500 500m ANOMALY D 14
Slide 15: Koka 3D IP – High Priority Target D
Koka 3D IP – High Priority Target D For personal use only Surface Au Anomaly W 100ppb >100ppb E Planned Drillholes Chargeable Body – sulphides? 200m Resistive Body – silicification? 200m Chargeable Body – sediments? 15
Slide 16: Zara North Gold Anomaly – is the big one here?
Zara North Gold Anomaly – is the big one here? For personal use only Extensive gold anomalism over 10km strike length High tenor gold values of up to 876ppb gold in stream sediment samples Regional‐scale high‐strain zone with intense carbonate‐sericite alteration and quartz veining Artisanal working
Slide 17: New Data - Aeromagnetics & Radiometrics
New Data ‐ Aeromagnetics & Radiometrics For personal use only 17
Slide 18: Mogoraib North – Next-door to Bisha
Mogoraib North – Next‐door to Bisha For personal use only Mogoraib North Exploration Licence ‐ located ~10 km north of the world world‐class class Bisha VHMS Project Area 555 sq km Geological g settingg similar to Bisha Regional Landsat interpretation reveals similar spectral signatures to Bisha Wid
Slide 19: Exploration Timeline
Exploration Timeline For personal use only Exploration program to generate strong news flow Exploration program totaling ~$10M expected Calendar Year 2011 Quarter Q1 Q2 Q3 Q4 Induced Polarisation (IP) Survey Aero‐Magnetics & Radiometrics VTEM Geochemical Sampling & Geological Mapping Drilling – Koka
Slide 20: Corporate Contact Details
Corporate Contact Details For personal use only Tim Goyder Dr Douglas Jones Joanne Jobin Executive Chairman Managing Director Investor Relations Manager – North America M: +61 418 942 908 M: +61 438 872 090 M: +1 647 964 0292 Chalice Gold Mines Limited Level 2, 1292 Hay Street, West Perth, Western A
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