Chalice Mining Limited · ASX:CHN
Chalice Mining — Chalice Gold Mines — International Mining and Resource Conference 2018
45 slides from Chalice Mining's conference presentation, Nov 1, 2018
Slide 1: International Mining and Resource Conference Presentation
For personal use only International Mining and Resource Conference Presentation 1 November 2018 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 junior explorer
A unique, well-funded junior explorer For personal use only District-scale, tier-1 exploration projects • Two potentially transformational drill programmes coming up in Australia and Canada Strong balance sheet • c. A$34M in cash + A$2M in liquid investments + A$3M current receivables at 30-Sept-18
Slide 4: Portfolio of District-Scale, High Impact Projects in Australia and Canada
Portfolio of District-Scale, High Impact Projects in Australia and Canada For personal use only Warrego North Copper-Gold Project Flinders River (70-100%) Vanadium Project (100%) Yilgarn Gold Project (75-100%) Kinebik Gold Julimar Nickel- Project Vanadium Project (100%) (100%) Pyramid Hill Gold Proj
Slide 5: What the industry is saying…
What the industry is saying… For personal use only There is an absolute appetite to improve the portfolio mix… and Australia and North America are very much focus areas AngloGold Ashanti We're open for business in the exploration space, we're actively looking for new partners…. if you have got a pro
Slide 6: Pyramid Hill Gold Project, Victoria
Pyramid Hill Gold Project For personal use only Victoria 6
Slide 7: Pyramid Hill is a district scale 3,080km2 project in the North Bendigo zone
Pyramid Hill is a district scale 3,080km2 project acquired in late 2017, in the highly prospective and re-invigorated North Bendigo zone For personal use only • Bendigo Zone has produced >60Moz of high-grade gold • Victorian Govt ‘Gold Undercover’ estimated an undiscovered gold endowment of ~32Moz A
Slide 8: Pyramid Hill four large gold-in-soil anomalies identified overlying major faults
Pyramid Hill four large gold-in-soil anomalies identified in July, overlying three major regional faults – all largely untested For personal use only Four Eagles Size at 5.5ppb Au contour Peak Gold Value Anomaly (Catalyst Metals) (km) (ppb Au) West 12 x 2.8 81 East 12 x 2.7 21.5 Central 5 x 2.7 20.7
Slide 9: Pyramid Hill maiden 8,500m drill program commencing in early November
Pyramid Hill maiden 8,500m drill program commencing in early November, drilling three large-scale target areas that are effectively untested For personal use only • Mix of aircore (AC) and reverse circulation (RC) drilling depending on cover – multi-purpose rig being mobilised • Wide spaced lines (3
Slide 10: Pyramid Hill drill targets have similarities to Bendigo
Pyramid Hill initial drill targets have geophysical and geological similarities to Bendigo – providing enormous upside potential 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 @ 15
Slide 11: East Cadillac Gold Project, Quebec
East Cadillac Gold Project For personal use only Quebec 11
Slide 12: East Cadillac is a district scale 245km2 project in the Abitibi greenstone belt
East Cadillac is a district scale 245km2 project acquired in late 2016, located in the prolific Abitibi greenstone belt (regional 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 kno
Slide 13: Project is along strike from globally significant gold mines
The Project is along strike from several globally significant gold mines and surrounds a historical 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 YAMANA / AGNICO EAGLE AGNICO Malartic Open Pit EAGLE >16Moz @ ~1.1g/
Slide 14: The Project has all season access and excellent nearby infrastructure
The Project has all season access and excellent nearby infrastructure For personal use only Canadian Val-d’Or Malartic Mine Gold Deposit/Mine (>16Moz) ~35km by sealed highway from town of Val-d’Or (~30,000 people) Sigma Lamaque Mine (>11Moz) All season access to the property Lac Villebon Chimo Mine
Slide 15: Consolidated ownership 70-100% of previously segmented district
East Cadillac previously segmented ownership limited regional exploration in the district for decades; we have consolidated ownership 70-100% For personal use only Chalice (100%) Chimo (Chalice 100%) Globex / Bateman Option (C$0.59M cash + C$2.5M exp. to earn 100% by Oct-2020) Pershimex Option (C$0.
Slide 16: East Cadillac drilling: three new discoveries since acquisition
East Cadillac drilling has focused on finding another large (Malartic / Sigma- Lamaque) style deposit, with three new discoveries since acquisition For personal use only 1 Nordeau West Historical Resource North Contact Mineralised trend Ind Resource 30koz @ 4.2g/t Au 23.5m @ 1.12g/t Au Gold occurren
Slide 17: Legrand and Anderson MMI soil anomalies – new drill targets for Jan-19
East Cadillac recent soil sampling has identified the large Legrand and Anderson MMI soil anomalies – new large-scale targets for drilling in Jan-19 For personal use only Legrand Anomaly 330,000mE 340,000mE Anderson >8 6-8 4-6 North Contact • 3.4km x 1.3km coherent MMI >5 0.5-5 gold-in-soil anomaly
Slide 18: Corporate
For personal use only Corporate 18
Slide 19: Our business model and track record is sound
Our business model and track record is sound; we have acquired well and advanced projects quickly… Zara Gold Project in For personal use only Eritrea sold for Zara Gold Listed on ~US$114M, A$25M Cameron Project in Australian special dividend Gold Project in Eritrea Stock issued to Ontario sold acqui
Slide 20: Corporate snapshot
Corporate snapshot For personal use only Capital Structure Top Shareholders Australian listing ASX: CHN Tim Goyder (Exec Chairman) 17% ASX Canadian listing TSX: CXN TSX Shares on Issue ~266M Franklin Templeton 12% Shares – fully diluted ~285M ASX 52 week high/low A$0.22 / A$0.13 Paradice Investment
Slide 21: Board and management team
Board and management team For personal use only Alex Dorsch, Chief Executive Officer, BEng (Hons), BFin • Experienced consultant, engineer and corporate advisor in the energy and resources sectors Tim Goyder, Executive Chairman • Previously Specialist consultant with McKinsey & Company • 40+ year in
Slide 22: Two potentially transformational drill programmes commencing over next 3 months
Two potentially transformational drill programmes commencing over the next 3 months in Victoria and Quebec For personal use only Indicative exploration program 2018 2019 Jul Aug Sep Oct Nov Dec Jan Feb Mar Geochem BLEG soil sampling Final assays Pyramid Hill, Ground Victoria Geophysics Gravity Drill
Slide 23: Company Highlights
Company Highlights For personal use only District scale exploration projects across prolific geological terranes in tier-1 jurisdictions, two potentially transformational drill programmes coming up Well funded c. A$39M in current assets 4cps capital return proposed for Nov 2018 Proven track record ~
Slide 24: 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 24
Slide 25: Canada Appendix
For personal use only Canada Appendix 25
Slide 26: Systematic, ground-up approach to exploration and ground consolidation
EAST CADILLAC GOLD PROJECT Chalice has taken a systematic, ground-up approach to exploration, and has continued to consolidate ground over the last ~24 months For personal use only December 2017 May 2018 November 2016 Option deal October 2017 – Farm-in deal Option deal with with Khalkos January 2018
Slide 27: Current field season aims to explore 5 new large-scale target areas
EAST CADILLAC GOLD PROJECT Current field season aims to vector in on high grade within areas of known mineralisation and explore 5 new large-scale target areas For personal use only • 5 new large McDonough North Contact N scale target areas defined from recent structural re- Forsan interp work 4.0m
Slide 28: Drilling confirmed >3.5km of strike mineralised at Simon West
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 29: 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 30: Geophysics – 3D-IP (Orevision)
EAST CADILLAC GOLD PROJECT Geophysics – 3D-IP (Orevision) 2017 For personal use only A 3D-IP Orevision survey was completed over 16 km strike on 200m-spaced sections during summer 2017 centered over the Larder Lake - Cadillac Fault (LLCF) • Strong discrete and strike continuous chargeability anomali
Slide 31: Geophysics – Aeromagnetics 2018
EAST CADILLAC GOLD PROJECT Geophysics – Aeromagnetics 2018 For personal use only Three heli-mag aeromagnetic surveys (50m and 70m line spacing) completed during summer 2017, January 2018 and August 2018 Various magnetic images (TMI, RTP, 1VD, TDR) have been utilised to compile a litho- structural in
Slide 32: Geochemistry – MMI soil sampling coverage 2018
EAST CADILLAC GOLD PROJECT Geochemistry – MMI soil sampling coverage 2018 For personal use only Four soil sampling programs have been completed on the ECG property. The first soil program was completed during fall 2016 on the Globex Option. The following summer field crews returned in June to cover
Slide 33: 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 possible in wetland areas) • Soils initially collected on a 400m x 40
Slide 34: 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 Zone) sample below surface organic soils (not possible in wetland areas) • Soils initially collected on a 400m x
Slide 35: Chimo Gold Mine (Cartier Resources)
EAST CADILLAC GOLD PROJECT Chimo Gold Mine (Cartier Resources: TSX-V:ECR) 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 Chimo property boundary Width: 570m Thickness: Roughly 5-20m individual zones within ‘
Slide 36: 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 37: 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 38: 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
Slide 39: Kinebik Gold Project covers >30km of strike along the Casa Berardi Fault
The Kinebik Gold Project covers >30km of strike along the Casa Beradi Fault – an underexplored greenstone belt For personal use only • ~187km2 property area covering >30km of strike along the Casa Berardi Fault • Belt hosts several significant gold deposits including: • Casa Beradi (c. 6Moz) owned b
Slide 40: Australia Appendix
For personal use only Australia Appendix 40
Slide 41: Warrego North large IOCG targets prospective for gold-copper
Warrego North several large IOCG targets prospective for high grade gold- copper – next phase of work in early 2019 For personal use only Parakeet Prospect • Tennant Creek historically exploited for high grade 8m @ 1.7% Cu, 0.4g/t Au IOCG style gold and copper – resulting in several ‘company making’
Slide 42: Yilgarn Project consists of five prospective holdings
Yilgarn Project consists of five prospective holdings in the Eastern Goldfields and Southern Cross regions For personal use only Kurrajong Bore (Chalice 95%) 48km2 area ~50km NE of the world class Gwalia gold mine (>5Moz Au) and proximal to other smaller orogenic gold deposits along the Mertondale s
Slide 43: Flinders River Vanadium Project surrounds >3 billion tonnes of vanadium resources
The Flinders River Vanadium Project surrounds >3 billion tonnes of vanadium resources and has excellent infrastructure access For personal use only Chalice applications N Intermin / AXF tenure (ASX: IRC) 50km Highways Railway Town Flinders River Project Vanadium resource • Nine exploration licence a
Slide 44: Julimar Nickel-Vanadium Project prospective for Ni-Cu-PGEs and vanadium
Julimar Nickel-Vanadium Project is prospective for Nickel-Copper-PGEs and intrusion related Vanadium-Titanium mineralisation For personal use only Yarawindah Brook (Cassini) • Two licence applications covering an interpreted large (26 x 7km) layered Large layered Mafic- Ultramafic complex mafic-ultr
Slide 45: Portfolio of District-Scale, High Impact Projects in Australia and Canada
Portfolio of District-Scale, High Impact Projects in Australia and Canada For personal use only Warrego North Copper-Gold Project Flinders River (70-100%) Vanadium Project (100%) Yilgarn Gold Project (75-100%) Kinebik Gold Julimar Nickel- Project Vanadium Project (100%) (100%) Pyramid Hill Gold Proj
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