Chalice Mining Limited · ASX:CHN
Chalice Mining — Chalice Gold Mines — Schroeder Equities Australian Resources Conference, Zurich 2020
28 slides from Chalice Mining's conference presentation, Feb 21, 2020
Slide 1: Schroeder Equities Australian Resources Conference, Zurich
For personal use only Schroeder Equities Australian Resources Conference, Zurich 21 February 2020 ASX: CHN | OTCQB: CGMLF
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 exploration specialist
A unique, well- Chalice has proven ability to: funded exploration • Make opportunistic acquisitions 1 For personal use only specialist • Explore for mines and add value • Divest assets in a disciplined manner Which has created significant value to date… • ~A$107M1 generated from asset sales 2 • ~A$3
Slide 4: Capital Structure and Financials
Capital Structure and Financials We have a tight capital structure Equity listings and a strong financial position ASX: CHN Shares Out. 274.1M Market capitalisation2 Shares (F/D) 296.9M ~A$82M (@ A$0.30ps) OTCQB: CGMLF For personal use only Working Capital & Debt Cash1 Investments2 Top Shareholders1
Slide 5: A dynamic group of accomplished mine finders and sound commercial managers
We are a dynamic group of accomplished mine finders and sound commercial managers For personal use only We have people who know People who know how to finance and how to find mines… commercialise them Dr Kevin Frost Tim Goyder GM – Exploration, BSc (Hons) PhD MAIG Executive Chairman • Co-recipient o
Slide 6: Drilling at Pyramid Hill Gold Project, Oct-2019
Drilling at Pyramid Hill Gold Project, Oct-2019 Pyramid Hill Gold Project For personal use only Victoria 6
Slide 7: Why the Bendigo gold district of Victoria?
Why the Bendigo gold district of Victoria? The prospect of finding another Fosterville Gold Mine For personal use only Northern Bendigo Zone (32Moz undiscovered gold endowment) N >60Moz Au produced since 1850’s from outcropping 50km South Bendigo Zone, at a avg grade of ~15g/t Au 90% of mines had a
Slide 8: Essentially unexplored >5,000km2 land holding surrounding world-class deposits
Chalice has a >5,000km2 essentially unexplored land holding surrounding two world-class deposits and a number of other high-grade deposits For personal use only 143.5° 144.5° Interpreted Faults Murray River Basement outcrop limit Chalice is in good company in the district, with Pyramid Hill Gold Pro
Slide 9: Major gold deposits controlled by regional scale faults continuing into Chalice tenure
The major gold deposits are controlled by regional scale faults, which continue to the north into Chalice’s tenure → follow the strike For personal use only NSW VIC Northern Four Eagles Bendigo Zone Tandarra Extension of these regional scale faults Fosterville ~9Moz Karri under cover evident Melbour
Slide 10: Dispersion of gold and pathfinder metals used to vector towards gold under cover
Dispersion of gold and pathfinder metals such as arsenic and antimony is used to vector towards gold under cover For personal use only Outcropping dispersion footprints Under cover Arsenic (we are close) ~9 Drill Line 1 Antimony (getting warmer) Line 2 Gold! Line 3 A Gold System!! Identifying contin
Slide 11: Systematic value-add approach: find the big gold systems first
Chalice has adopted a systematic value-add approach – ‘find the big gold systems first’ For personal use only 143.5° • Our Project covers hundreds of kilometres of 144.5° Interpreted Faults Murray River prospective strike: Basement outcrop limit Bendigo Pyramid Hill Gold Project Zone • Muckleford (>
Slide 12: Drilling at Pyramid Hill Gold Project, Feb-2020: Key results to date
Drilling at Pyramid Hill Gold Project, Feb-2020 Pyramid Hill Gold Project For personal use only Key results to date 12
Slide 13: Karri Target: >4km gold trend identified
1. KARRI TARGET A >4km gold trend has been identified at the Karri Target, which remains open along strike For personal use only • ~180 vertical AC holes completed to date – no historical drilling near target • 50-85m of Murray Basin cover • Continuous gold trend over >4km of strike and up to 500m w
Slide 14: Karri Target: gold anomaly continuous between drill lines
1. KARRI TARGET The extensive gold anomaly within weathered basement is continuous between ~500m spaced drill lines For personal use only SECTION 14
Slide 15: Karri Target: several subparallel gold trends
1. KARRI TARGET There are also several subparallel gold trends, all of which remain open along strike and open at depth in fresh rock For personal use only SECTION 15
Slide 16: Gold footprint at Karri indicates potential for a sizeable system
The gold footprint at Karri indicates the potential for a sizeable gold system beneath → the size of the prize is significant For personal use only OPEN N ~9Moz Fosterville Karri Target Gold Mine Plan View Plan View Scale OPEN Comparison OPEN Swan Zone Reserve1 ~2.3Moz @ ~50g/t Au OPEN >3g/t Au Reso
Slide 17: Ironbark Target: up to 3g/t gold in first AC drill holes
2. IRONBARK TARGET Up to 3g/t gold intersected in the first AC drill holes at the Ironbark Target; initial test at depth currently underway For personal use only • ~100 vertical AC holes completed to date – no historical drilling • 50-80m of Murray Basin cover • New 4m composite drill intercepts at
Slide 18: High-grade gold in diorite first discovered in Bendigo Zone
2. IRONBARK TARGET High-grade gold in diorite is common in Eastern Victoria, however Chalice’s discovery of gold in the Ironbark diorites is the first in the Bendigo Zone For personal use only • Gold in the diorites and on the margins • Several high-grade diorite-associated gold deposits in Eastern
Slide 19: Highly prospective but essentially unexplored
Highly prospective but essentially unexplored The Project has strong +++ → a new opportunity with huge upside and no legacy brownfield issues commercial drivers for For personal use only exploration High-grade district + operating mines nearby +++ → strong commercial drivers for exploration >5,000km
Slide 20: So why invest?
So why invest? For personal use only We are drilling targets that have significant scale 1 potential – a discovery could be a ‘company maker’ ~A$30M in working capital and investments 2 (~A$0.11ps)1 – we are well funded >A$100M generated from asset sales, ~A$36M returned 3 to shareholders to date –
Slide 21: 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 ASX : CHN | OTCQB: CGMLF
Slide 22: Appendix - Strategy: systematically acquire and explore in premier terranes
APPENDIX - STRATEGY Our strategy is to systematically acquire and explore in premier terranes; aiming to address the rapid decline in tier-1 scale discoveries worldwide For personal use only Exploration Expenditures and Primary Gold discovered globally Tier-1 scale discoveries (>US$1bn NPV) now repr
Slide 23: Company History
COMPANY HISTORY Since our 2006 IPO, we have acquired well, advanced projects quickly and generated >A$100M in after-tax proceeds1 from asset sales For personal use only 2012 Zara Gold Project in 2006 Eritrea sold for 2016 $7.5M raised in IPO ~US$114M (pre-tax) Cameron 2018 on ASX to progress 2009 Go
Slide 24: Portfolio: district-scale gold and nickel projects, royalties, investments and JVs
PORTFOLIO Chalice’s portfolio includes key district-scale gold and nickel projects as well as several royalties, investments and non-operated JVs For personal use only Australia King Leopold Warrego North Copper-Gold Project Nickel Project (70-100%) (85-100%) Flinders River Royalties Vanadium Projec
Slide 25: Case Study: Gold Road Resources
CASE STUDY Gold Road Resources (ASX: GOR) started with greenfield exploration in an underexplored belt and are now a >A$1Bn company For personal use only Gold Road (ASX: GOR) Share Price (A$) 1.80 • The Gruyere discovery was located HIGH 1.625 1.60 Mining in a similar underexplored yet Feasibility C
Slide 26: King Leopold Nickel Project, Western Australia
King Leopold field reconnaissance, Jun-2019 King Leopold Nickel Project For personal use only Western Australia 26
Slide 27: King Leopold Nickel Project covers 1,800km2 in the west Kimberley
The King Leopold Nickel Project covers 1,800km2 in the frontier and largely unexplored King Leopold Orogen of the west Kimberley For personal use only 600,000mE 700,000mE 800,000mE • Frontier province highly prospective for 50km magmatic Ni-Cu-Co sulphide deposits 8,200,000mN N • Minimal modern expl
Slide 28: Immediate focus is the Ruins Area nickel sulphide targets
Chalice’s immediate focus is the Ruins Area, where several nickel sulphide targets have already been defined For personal use only • Merlin (IGO-Buxton) hosts drill intercepts in Ruins Dolerite with grades up to 8.14% Ni, 5.26% Cu and 0.69% Co Merlin (IGO-Buxton) Several high- • 11 airborne EM targe
Chalice Gold Mines — Schroeder Equities Australian Resources Conference, Zurich 2020 on 6ix