Challenger Gold Limited · ASX:CEL
Challenger Gold — Challenger Exploration — Investor Presentation (January 2020)
25 slides from Challenger Gold's investor presentation, Jan 30, 2020
Slide 1: Investor Presentation January 2020
Investor Presentation | January 2020 | ASX : CEL For personal use only Hualilan Gold Project : Cerro Sur looking north to Cerro Norte Two Highly Complimentary Gold Projects in South America Targeting early cashflow in Argentina : Significant target in Ecuador CHALLENGER EXPLORATION LIMITED ACN 123 5
Slide 2: Table of Contents
Table of Contents For personal use only 1. Overview………………………………………………………………………………………………………………………………………….…….. 4. 2. Corporate Information………………………………………………………………………………………………………………….………… 5. 3. Hualilan Gold Project – (San Juan Argentina)……………………………………………………………………………………….…. 6. a) Overview……………………………………
Slide 3: Important Information
Important Information For personal use only The release, publication or distribution of this presentation in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this presentation is released, published or distributed should inform themselves about an
Slide 4: CEL is an ASX listed gold company with the following Projects
1. CEL is an ASX listed gold company with the following Projects For personal use only Hualilan Project El Guayabo Karoo Basin Project Gold Gold / Copper Gas Argentina – earning 75% Ecuador – earning 100-50% South Africa – 100% ▪ 188 drill holes from the 1970’s with the ▪ 10km along strike from a +1
Slide 5: Corporate Overview
2. Corporate Overview For personal use only ASX Ticker CEL Share Price 19.0c Current Shares on Issue# 536m Hualilan Project Acquisition Shares 65m Vendor Performance Shares 120m Unlisted Options (4c) 87.6m Fletcher Quinn Kris Knauer Scott Funston Stuart Munroe Fully Diluted 809m Chairman CEO CFO Exp
Slide 6: Hualilan Gold Project - Project Overview
3(a). Hualilan Gold Project - Project Overview For personal use only Hualilan Gold Project – earning 75% ▪ High grade gold project with historic resource of 627,000 ounces grading 13.7g/t gold (refer slide 7 foreign resource estimate) ▪ Locked up in a dispute and idle for the past 15 years - no mode
Slide 7: Hualilan Gold Project – Historical Exploration
3(b). Hualilan Gold Project – Historical Exploration For personal use only Extensive geological database Foreign Resource Estimate for the Hualilan Project (La Mancha Resources 2003) ▪ Skarn deposit in Ordovician sediments associated Contained with a porphyry intrusive Tonnes Gold Grade Category Gol
Slide 8: Hualilan Gold Project – Plan View Showing Summary Geology
Hualilan Gold Project – Plan View Showing Summary Geology For personal use only ➢ Mineralisation open in multiple directions along strike and at depth CEL drill holes ➢ Deepest drilling has intersected mineralisation at 160m downhole prospective structure/stratigraphy historical resource ? ? ? ? Foc
Slide 9: Significant Progress in months with much more to come
3(c) Significant Progress in 6 months with much more to come For personal use only ▪ Re-surveying of all drill collars and adits/decline ▪ Underground channel/bulk sampling produced grades consistently 20% above histrorical resource grades Proposed ▪ Maiden 1000m drill program designed to extend the
Slide 10: Hualilan Gold Project – 3D Model Cerro Norte
Hualilan Gold Project – 3D Model Cerro Norte For personal use only ▪ Geophysics program is being designed to define extensions down to 300m ▪ Significant expansion potential at depth and along strike ▪ 3D Model will be updated after next 20 drill holes Cerro Norte 10
Slide 11: Current Drill Program will Focus on Defining an Initial JORC Resource
Current Drill Program will Focus on Defining an Initial JORC Resource (Anticipated Future Drill Programs to Increase Resource) For personal use only Proposed Proposed Proposed Proposed Proposed Proposed ▪ GNDD-005 : 5m at 10.9 g/t gold, 101 ▪ GNDD-009 : 10.3m at 10.4 g/t Gold, 28 ▪ GNDD-010 : 3.0m a
Slide 12: Hualilan Gold Project - Project Execution
3(d). Hualilan Gold Project - Project Execution For personal use only Hualilan Gold Project Aggressively Define and Increase JORC Resource ? ? ▪ Initial 2,000 metre drill program comprising twinning and resource extension/infill drilling – 50% complete and expanded to 3,000 metres with rig mobilised
Slide 13: El Guayabo Gold/Copper Project – Project Overview
4(a). El Guayabo Gold/Copper Project – Project Overview For personal use only El Guayabo Project – Ecuador (earning 100%) ▪ 5km along strike from a 17 million ounce orebody ▪ A scout drilling program 25 years ago defined multiple targets which were never followed up: • Additional high-grade breccia
Slide 14: El Guayabo Gold/Copper Project – CEL Exploration
4(c). El Guayabo Gold/Copper Project – CEL Exploration For personal use only Recent Exploration work ▪ Extensive exploration over the past 12 months to generate targets for drilling and land acquisition ▪ 3D MT (with IP test lines) covering 16 km2 completed in April 2019 ▪ MMI sampling program cover
Slide 15: El Guayabo Gold/Copper Project – Geological Model
El Guayabo Gold/Copper Project – Geological Model For personal use only CANGREJOS (17 MOz Au) Porphyry Porphyry Target Target Porphyry Target 15
Slide 16: El Guayabo Gold/Copper Project – Geophysics
4(c). El Guayabo Gold/Copper Project – Geophysics For personal use only Preliminary East-West MT Inversion – DC Resistivity Section Porphyry Targets are all 200-400m sub surface – Newmont drilling was 100-200m short Target Western boundary of concession 16
Slide 17: North-South IP Line – images mineralised breccia bodies
North-South IP Line – images mineralised breccia bodies For personal use only Historical drilling results – 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 350m wi
Slide 18: Land Position Increased to Provide Regional Scale
Land Position Increased to 35 sq. kms Provides Regional Scale For personal use only Colorado V Concession – 23.3 square kilometres ▪ CEL earning a 50% interest in any discovery we make over 150,000 Oz by funding exploration over the next 5 years ▪ Ecuadorian owner (Goldking Mining SA) and CEL will t
Slide 19: Colorado V – Geology and Historical Exploration
Colorado V – Geology and Historical Exploration For personal use only ▪ Same and continuous geology as the El Guayabo Gold and Copper project ▪ Exploration extensive and high-quality but exclusively focussed on high-grade gold ▪ Multi element soil geochemistry survey covering 20 square kilometres ▪
Slide 20: Colorado V – Significant Progress in the past six weeks
Colorado V – Significant Progress in the past six weeks For personal use only Initial Observations - Colorado V historical drill core ▪ 56 historical drill holes for a total of 21,472 metres of drilling ▪ 5,237 metres of core moved to El Guayabo with core from 6 of 56 holes reviewed and three of the
Slide 21: Colorado V – Surface and underground mapping and sampling
Colorado V – Surface and underground mapping and sampling For personal use only Photo 1 – Showing a 300 metre exposure of Porphyry style of mineralization observed in the main decline of the Colorado V Concession. The 300 metre zone contained Porphyry style B veins with pyrite + molybdenite + chalco
Slide 22: El Guayabo Gold/Copper Project – Project Execution
4(d). El Guaybo Gold/Copper Project – Project Execution For personal use only Define targets and complete first drilling ✓ Program of acquisition to significantly increase ground position – further discussions ongoing 8-12 weeks for completion ▪ Channel Sampling/rock saw new porphyry zones in adits
Slide 23: Karoo Basin Gas Project – Project Overview
5. Karoo Basin Gas Project – Project Overview For personal use only Karoo Basin Project - (Shale Gas) South Africa – 100% ▪ World-class shale gas province ▪ recoverable resource estimate: 390 trillion cubic feet (tcf) (US EIA, June 2013) ▪ ranked eighth-largest basin for shale gas reserves globally
Slide 24: Summary
6. Summary For personal use only Three world class projects with significant potential 1. High-grade historical resource with significant exploration potential and infrastructure in place at Hualilan Gold Project • Strategy to aggressively define JORC Resource and add ounces to that JORC Resource 2.
Slide 25: For personal use only
For personal use only ASX : CEL Kris Knauer Scott Funston Elvis Jurcevic CEO & Managing Director CFO & Finance Director Media Enquiries +61 411 885 979 +61 413 867 600 +61 408 268 271 kris.knauer@challengerex.com scott.funston@challengerex.com elvisjurcevic@live.com CHALLENGER EXPLORATION LIMITED AC
Challenger Exploration — Investor Presentation (January 2020) on 6ix