Chalice Mining Limited · ASX:CHN
Chalice Mining — Chalice Gold Mines — Resources Rising Stars Summer Series 2019
43 slides from Chalice Mining's conference presentation, Feb 12, 2019
Slide 1: The golden plains of the north Bendigo region
For personal use only The golden plains of the north Bendigo region Resources Rising Stars Summer Series Presentation February 2019 ASX : CHN TSX : CXN
Slide 2: Forward looking statements and disclosures
Forward looking statements and disclosures For personal use only This presentation does not include all available Information on Chalice Gold Mines Limited and should not be used in isolation as a guide to investing in the Company. Any potential investor should also refer to Chalice Gold Mines Limit
Slide 3: A unique, well-funded explorer
A unique, well-funded District-scale exploration projects in tier-1 high- 1 grade gold provinces – Bendigo and Val-d’Or For personal use only explorer 3 rigs currently drilling large-scale greenfield targets Unique strong financial position 2 c. A$26M in cash and current assets at 31-Dec-18 (~A10cps
Slide 4: Portfolio of District-Scale, High Impact Projects in Australia and Canada
Portfolio of District-Scale, High Impact Projects in Australia and Canada Australia Canada For personal use only King Leopold Nickel-Copper-PGE Project (100%) Flinders River Warrego North Vanadium Project Copper-Gold Project (100%) (70-100%) Yilgarn Gold Project (95-100%) Auralia Nickel- Copper-Gold
Slide 5: Our strategy is to explore greenfield terranes in tier-1 jurisdictions
Our strategy is to explore greenfield terranes in tier-1 jurisdictions; aiming to address the growing deficit in new large scale discoveries worldwide… For personal use only There is an absolute appetite to improve the portfolio mix… and Australia and North America are very much focus areas AngloGol
Slide 6: Drilling at Pyramid Hill Gold Project, Dec-2018
Drilling at Pyramid Hill Gold Project, Dec-2018 Pyramid Hill Gold Project For personal use only Victoria 6
Slide 7: Pyramid Hill is located in the hotly contested Bendigo Zone of Victoria
Pyramid Hill is located in the hotly contested Bendigo Zone of Victoria – a domain that has produced >60Moz of high-grade gold For personal use only • All historic production (>60Moz) has come from outcropping (easy to find) areas to the South, i.e.: Pyramid Hill Gold Project (undercover North • Ben
Slide 8: Kirkland Lake's Fosterville has placed the district back on the global map
Kirkland Lake’s Fosterville has placed the district back on the global map thanks to bonanza gold grades and ultra-low production costs For personal use only Fosterville Mineral Reserves History Op. cash costs forecast 2019 Current Mineral Reserve Ultra-high grade 30 1.7Moz at Swan Zone Grade Au (g/
Slide 9: Chalice is now a dominant player with a >4,500km2 land holding
Chalice is now a dominant player in this exciting, underexplored district, with a >4,500km2 land holding near Fosterville and Bendigo For personal use only Bendigo Muckleford Area Stawell Zone Zone • NW of historic 22Moz @ 15g/t Au Bendigo Goldfield and West of the high-grade Mt William Area Four Ea
Slide 10: Maiden 15,000m reconnaissance drill programme at Muckleford Area
Maiden 15,000m reconnaissance drill programme commenced in November at the Muckleford Area, testing three large-scale targets NW of Bendigo For personal use only 1VD Gravity • Wide spaced (3km+) reconnaissance drill lines underway utilising new, cost effective multi-purpose AC/RC rig • Testing the t
Slide 11: Drilling at Muckleford is targeting a Bendigo style deposit
Drilling at Muckleford is targeting a Bendigo style deposit (~22Moz @ 15g/t Au) – the size of the prize is significant For personal use only Schematic cross section showing Saddle and Bedded Reefs Bendigo Goldfield New Chum Line Large, high grade deposit ~2.6Moz @ 15.1g/t Au of ~22Moz @ 15g/t Au Gar
Slide 12: Catalyst Metals have shown high-grade discoveries can be made under cover
Catalyst Metals (ASX: CYL) have shown that high-grade discoveries can be made in areas of cover in the North Bendigo Zone For personal use only Catalyst Metals (ASX: CYL) Share Price (A$) 2.00 HIGH 2.0 • Catalyst’s EV has increased from St Barbara Limited ~A$30M in 2016 to ~A$110M in ~3 years (ASX:
Slide 13: Drilling at East Cadillac Gold Project, Dec-2017
Drilling at East Cadillac Gold Project, Dec-2017 East Cadillac Gold Project For personal use only Quebec 13
Slide 14: East Cadillac is located in the prolific Abitibi greenstone belt
East Cadillac is located in the prolific Abitibi greenstone belt; a belt with known gold endowment of >210Moz For personal use only • >27km of strike along the Larder Lake – Cadillac Fault – the most prolific gold trend in the southern Abitibi, with known gold endowment of >100Moz • 14 earn-in / pur
Slide 15: Project is along strike from globally significant gold mines
The Project is along strike from several globally significant gold mines and surrounds a historic high-grade gold mine For personal use only LaRonde >12Moz @ ~5g/t Au Sigma Lamaque CANADA >11Moz @ ~7g/t Au Chimo 0.4Moz @ ~5g/t Au *17% owned by Agnico Eagle YAMANA / AGNICO EAGLE AGNICO Malartic Open
Slide 16: All season access, excellent nearby infrastructure
The Project has all season access, excellent nearby infrastructure and is within trucking distance to multiple gold processing facilities For personal use only Canadian Malartic Val-d’Or Gold Deposit/Mine Mine (>16Moz) Agnico Eagle & ~35km by sealed highway from town of Yamana Val-d’Or (~30,000 peop
Slide 17: Consolidated ownership 80-100% with 14 deals
Previously segmented ownership restricted effective exploration in the district for decades; we have consolidated ownership 80-100% with 14 deals For personal use only East Cadillac Gold Project Historic gold mine Chalice completed DDH N Chalice 100% owned claims Chalice 2019 phase 1 planned DDH Glo
Slide 18: Legrand and Anderson MMI gold anomalies identified as new targets
Recent soil sampling has identified the large Legrand and Anderson MMI gold anomalies – new large-scale targets currently being drilled For personal use only 330,000mE 340,000mE • 8,100m diamond drill programme currently underway on two targets: Anderson Legrand Target North Contact • 3.4km x 1.3km
Slide 19: Corporate
For personal use only Corporate 19
Slide 20: Our track record is sound; A$100M+ in net proceeds from sales
Our track record is sound; we have acquired well, advanced projects quickly and generated A$100M+ in net proceeds from sales For personal use only Zara Gold Project in Refined Eritrea sold for strategy to Zara Gold focus on Listed on Project in ~US$114M, 10cps / Cameron exploration, Australian Eritr
Slide 21: Corporate snapshot
Corporate snapshot For personal use only Capital Structure Top Shareholders Stock Exchanges ASX: CHN | TSX: CXN ASX Tim Goyder (Exec Chairman) 17% TSX Shares – on issue 266.6M Shares – fully diluted 287.1M Franklin Templeton 12% Share price (ASX) A$0.135 52 week high / low (ASX) A$0.20 / A$0.11 Para
Slide 22: Board and management team
Board and management team For personal use only Tim Goyder, Executive Chairman • 40+ year industry veteran • Long track record of success as an investor, entrepreneur and company director • Largest shareholder of Chalice (~17%) Dr Kevin Frost, GM – Exploration, BSc (Hons) PhD MAIG • Geologist with 3
Slide 23: Two potentially transformational drill programmes underway
Two potentially transformational drill programmes underway in Victoria and Quebec – strong news flow in H1 2019 For personal use only Indicative exploration programme 2018 2019 Oct Nov Dec Jan Feb Mar Apr May Jun BLEG Mt Geochem WIlliam Final assays Geophysics Pyramid Hill, Victoria Potential follow
Slide 24: Company Highlights
Company Highlights For personal use only 1 Two significant drilling programmes underway 2 ~A$21M in cash 3 ~A$100M+ generated from asset sales 4 Team with solid track record 24
Slide 25: Thank You
For personal use only Thank You Level 2, 1292 Hay Street, West Perth WA 6005, Australia +61 8 9322 3960 info@chalicegold.com www.chalicegold.com linkedin.com/company/chalice-gold-mines twitter.com/chalicegold 25
Slide 26: Appendix: Pyramid Hill Gold Project, Victoria
For personal use only Appendix Pyramid Hill Gold Project, Victoria 26
Slide 27: Pyramid Hill Gold Project: reconnaissance phase timeline
PYRAMID HILL GOLD PROJECT We commenced activities in Victoria in Q2 2018 and are in the reconnaissance phase, targeting a 5Moz+ discovery For personal use only Mar 2018 Additional 1700km2 staked Pre-Chalice (Muckleford expansion Nov 2018 – Minimal modern and Mt William) Mar 2019 exploration and Dec
Slide 28: Muckleford Area: limited previous exploration
PYRAMID HILL GOLD PROJECT – MUCKLEFORD AREA Previous gold exploration over the Muckleford Area is limited, with <50 effective drill holes over a 70 x 20km area For personal use only Drilling (LHS) • Previous gold exploration conducted by Homestake, St Barbara, Providence Metals, Metex over parts of
Slide 29: Exploration approach: wide spaced reconnaissance AC drill lines
PYRAMID HILL GOLD PROJECT – MUCKLEFORD AREA Our exploration approach – wide spaced reconnaissance AC drill lines to complete a first pass test over a very large area cost effectively For personal use only • Commenced maiden 15,000m reconnaissance AC drill programme within the Muckleford Area in Nov-
Slide 30: West Target: wide zone of strongly elevated Arsenic
PYRAMID HILL GOLD PROJECT – MUCKLEFORD AREA Drilling to date at the West Target has identified a wide zone of strongly elevated Arsenic (pathfinder) over several holes For personal use only • Strong Arsenic anomalism up to 412ppm in Castlemaine Gp Sediments, within coherent and open >50ppm anomaly •
Slide 31: Mt William Area: soil sampling gold-in-soil anomalies
PYRAMID HILL GOLD PROJECT – MT WILLIAM AREA Soil sampling has been completed over the Mt William Area, with several gold-in-soil anomalies found For personal use only • Reconnaissance surface soil sampling completed over Cambrian Volcanics and Castlemanine Gp Sediments of the Bendigo Zone, along Mt
Slide 32: Appendix: East Cadillac Gold Project, Quebec
For personal use only Appendix East Cadillac Gold Project, Quebec 32
Slide 33: East Cadillac: systematic, ground-up approach to exploration
EAST CADILLAC GOLD PROJECT We have taken a systematic, ground-up approach to exploration over the last 2 years since acquisition, targeting a 5Moz+ discovery For personal use only Dec 2017 Nov 2016 Option May-Sept 2018 deal with Oct 2017 – Jan-Mar 2019 Option deal Khalkos to Jan 2018 Farm-in deal Le
Slide 34: Drilling highlights Chimo may be part of a larger gold system
EAST CADILLAC GOLD PROJECT Drilling has highlighted that Chimo may be part of a larger (>5km of strike) gold system, and also yielded several new, wide open mineralised zones For personal use only 1 Nordeau West Historical Resource North Contact Mineralised trend Ind Resource 30koz @ 4.2g/t Au 23.5m
Slide 35: Simon West: >3.5km of strike mineralised
EAST CADILLAC GOLD PROJECT Drilling confirmed >3.5km of strike is mineralised at Simon West, with multiple steep dipping gold zones with high grade (~18g/t Au) cores For personal use only Plan view – Simon Far West to Nordeau West Cross section through holes 20-21 (looking west) Simon Far West B A N
Slide 36: North Contact discovery made in Q2 2018
EAST CADILLAC GOLD PROJECT The North Contact discovery was made in Q2 2018, with a wide 23m @ 1.1g/t Au hit including 2 high grade cores; wide open in all directions For personal use only Plan view – North Contact Cross section through hole 72 (looking west) B A N 23.5m @ 1.12g/t Au incl. 2.0m @ 6.8
Slide 37: Geochemistry – MMI soil sampling results – Gold 2018
EAST CADILLAC GOLD PROJECT Geochemistry – MMI soil sampling results – Gold 2018 For personal use only MMI samples collected by hand-auger with the preference to collect an inorganic (B Zone) sample below surface organic soils (not Anderson possible in wetland areas) • Soils initially collected on a
Slide 38: Geochemistry – MMI soil sampling results – Arsenic 2018
EAST CADILLAC GOLD PROJECT Geochemistry – MMI soil sampling results – Arsenic 2018 For personal use only MMI samples collected by hand-auger with the preference to collect an inorganic (B Anderson Zone) sample below surface organic soils (not possible in wetland areas) • Soils initially collected on
Slide 39: Geophysics – 3D-IP results – Jan 2019
EAST CADILLAC GOLD PROJECT Geophysics – 3D-IP results – Jan 2019 For personal use only 3D Orevision Induced Polarisation (3D-IP) survey coverage over 24km of the LLCF 8km extension of the survey completed in Oct-17 to Jan-19 • Strong discrete and strike continuous chargeability anomalies have been i
Slide 40: Historic Chimo Gold Mine
EAST CADILLAC GOLD PROJECT Historic Chimo Gold Mine (Cartier Resources: TSX-V: ECR, 17% owned by Agnico Eagle) For personal use only Historic Production - 379,012 oz Au @ ~4.8g/t Au Depth: from surface to >900m Surface expression: 1.5km strike within Down-dip extensions onto Chalice ground Chimo pro
Slide 41: Major deposits in the Abitibi – Canadian Malartic
EAST CADILLAC GOLD PROJECT Major deposits in the Abitibi – Canadian Malartic For personal use only Malartic (>16Moz @ ~1.1g/t Au) Mineralisation Footprint Characteristics 3.5km • Depth: from surface to >3,000m 1.5km • Surface expression: >3.5km strike • Width: 1,500m 3km • Thickness: >100-200m • Sty
Slide 42: Major deposits in the Abitibi – Sigma-Lamaque
EAST CADILLAC GOLD PROJECT Major deposits in the Abitibi – Sigma-Lamaque For personal use only Sigma-Lamaque (>11Moz @ ~7g/t Au) Mineralisation Footprint Characteristics • Depth: from surface to >1,800m • Surface expression: from 300m (Lamaque) to 500m (Sigma) • Width: Up to 300m 2km • Thickness: Va
Slide 43: Major deposits in the Abitibi – Goldex
EAST CADILLAC GOLD PROJECT Major deposits in the Abitibi – Goldex For personal use only Goldex (>5Moz @ ~1.7g/t Au) Mineralisation Footprint Characteristics • Depth: from surface to >300m (M zone only) • Surface expression: >250m (M zone) • Width: >300m • Thickness: >250m • Style: IRGS Source: Genes
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