Chalice Mining Limited · ASX:CHN
Chalice Mining — Chalice Gold Mines — Resources Rising Stars Summer Series 2019
31 slides from Chalice Mining's conference presentation, Dec 3, 2019
Slide 1: Investor Presentation – December 2019
3 December 2019 Investor Presentation – December 2019 For personal use only Chalice Gold Mines Limited (“Chalice” or “the Company”) (ASX: CHN | TSX: CXN | OTCQB: CGMLF) advises that its Managing Director, Alex Dorsch, will be presenting at the following conferences this week: • Resources Rising Star
Slide 2: Corporate Presentation – Resources Rising Stars
For personal use only Corporate Presentation – Resources Rising Stars 3-5 December 2019 ASX : CHN | TSX: CXN | OTCQB: CGMLF
Slide 3: 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 4: A unique, well-funded exploration business
A unique, well- We are exploring for tier-1 scale (>US$1bn NPV) funded exploration discoveries in frontier areas 1 For personal use only business • Gold undercover in northern Victoria • Nickel sulphides in the Kimberley (WA) We have the finances to think big • ~A$30M in working capital and investme
Slide 5: Capital Structure and Financials
Capital Structure and Financials We have a tight capital structure and a very strong Equity listings Shares on Issue 274.1M Market capitalisation financial position ASX: CHN | TSX: CXN | OTCQB: CGMLF Shares (F/D) 291.2M ~A$46M (@ A$0.17ps) For personal use only Working Capital & Top Shareholders Deb
Slide 6: Targeting big discoveries in underexplored provinces of Australia
1 Pyramid Hill Gold Project, VIC For personal use only +++ Highly prospective but essentially unexplored → a new opportunity with huge upside We are targeting +++ High-grade district + operating mines nearby → strong commercial drivers for exploration big discoveries in underexplored +++ 5,190km2 ar
Slide 7: Pyramid Hill Gold Project, Victoria
Drilling at Pyramid Hill Gold Project, Oct-2019 Pyramid Hill Gold Project For personal use only Victoria 6
Slide 8: 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 historic >60Moz region that is now capturing global attention once again For personal use only N Chalice’s tenure covers 60% of the ~7,000km2 >60Moz of gold production has come from 50km prospective covered area outcropping
Slide 9: Fosterville Gold Mine has placed the district back on the map
Kirkland Lake Gold’s Fosterville Gold Mine has placed the district back on the map thanks to bonanza gold grades and ultra-low production costs For personal use only Fosterville Mineral Reserves History 2019 op. cash costs guidance Current Mineral Reserve Ultra-high grade 31.0 Swan Zone US$130- Grad
Slide 10: Chalice has a commanding ~5,190km2 land holding in this district
Chalice has a commanding ~5,190km2 land holding in this exciting, underexplored district; we are targeting Fosterville style discoveries For personal use only 143.5° 144.5° Interpreted Faults Chalice is in good company in the district, with Murray River Basement outcrop limit the entire North Bendig
Slide 11: Catalyst Metals shows high-grade discoveries here can create significant value
Along with Kirkland Lake Gold, neighbour Catalyst Metals (ASX: CYL) has also shown that high-grade discoveries in this area can create significant value For personal use only Catalyst Metals (ASX: CYL) Share Price (A$) • Catalyst’s EV has increased from 3.25 Hancock Prospecting ~A$30M to ~A$235M in
Slide 12: Several large targets under thin cover; Phase 2 AC drill program
Chalice has defined several large targets under thin cover and is mid way through its ~25,000m Phase 2 reconnaissance AC drill program For personal use only NSW VIC Four Eagles Northern Bendigo Zone Karri Tandarra Fosterville Melbourne Beech Ironbark Sebastian Zone Bendigo Chalice Gold Target Advanc
Slide 13: AC drilling at the Ironbark Target defined a ~500 x 500m gold footprint
AC drilling at the Ironbark Target has defined a ~500 x 500m gold footprint coincident with a diorite intrusion, open to SW and NE For personal use only Pyramid Hill Gold Project 764,000mE 766,000mE Muckleford Area Ironbark Target N AC Drilling over 1VD RTP Aeromagnetics • ~4,400m of AC drilled into
Slide 14: Relationship between the diorite intrusion and mineralisation
The relationship between the diorite intrusion and mineralisation is still not fully understood, however early indications point to a sizeable target For personal use only • Hole PA245 hit gold bearing quartz veining in the diorite, indicating the intrusion is mineralised • Smaller mineralised diori
Slide 15: Anomalous gold and pathfinders intersected at Karri in Phase 1
Anomalous gold and pathfinders intersected at Karri in Phase 1 point to a potentially significant footprint – the size of the prize is significant For personal use only N 350m wide zone with >25ppb Au + proximal >8Moz Fosterville Te, Bi, Cu, Zn, Co, S Muckleford Area • ~6,500m of AC completed in Pha
Slide 16: King Leopold Nickel Project, Western Australia
King Leopold field reconnaissance, Jun-2019 King Leopold Nickel Project For personal use only Western Australia 15
Slide 17: 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 18: Immediate focus is the Ruins Area, with nickel sulphide targets defined
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
Slide 19: So why invest?
So why invest? For personal use only We are drilling targets that have significant scale 1 potential – a discovery will ‘move the needle’ ~A$30M in working capital and investments 2 (~A$0.11ps)1 – we are well funded >A$100M generated to date – team has a solid 3 technical and commercial track record
Slide 20: 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 | TSX: CXN | OTCQB: CGMLF
Slide 21: Appendix
For personal use only Appendix 20
Slide 22: Portfolio of generative exploration, JVs, royalties and investments
PORTFOLIO Chalice’s portfolio also includes several generative exploration opportunities, non-operated JVs, royalties and investments For personal use only Australia King Leopold Warrego North Nickel Project Copper-Gold Project (70-100%) (85-100%) Flinders River Royalties Vanadium Project (100%) • N
Slide 23: Strategy: systematically acquire and explore in premier terranes
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 represent only
Slide 24: 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 25: Pyramid Hill: reconnaissance phase targeting a 5Moz+ discovery
PYRAMID HILL GOLD PROJECT We commenced activities in Victoria in Q2 2018 and are in the reconnaissance phase, targeting a 5Moz+ gold discovery undercover For personal use only Mar 2018 Additional 1700km2 staked Pre-Chalice (Muckleford expansion Nov 2018 – July 2019 Minimal modern and Mt William) May
Slide 26: Bendigo Zone gold deposits controlled by major regional faults
PYRAMID HILL GOLD PROJECT The gold deposits of the Bendigo Zone are controlled by major regional faults in a N-S orientation For personal use only • Conformable linear trends of gold occurrences associated with N-S trending, steep westerly dipping regional faults • Basement host rocks comprise turbi
Slide 27: Bendigo Zone deposits: subtle differences in structure and host rock control
PYRAMID HILL GOLD PROJECT The Bendigo Zone gold deposits are from the same class of orogenic gold deposits but show subtle differences related to structure & host rock control For personal use only Schematic Cross Section Longitudinal Section N Bendigo Fosterville 26 Fosterville Bendigo Source: Fost
Slide 28: Northern Bendigo Zone basement under Murray Basin cover
PYRAMID HILL GOLD PROJECT The historically neglected northern Bendigo Zone basement resides under Murray Basin cover, presenting a sizeable exploration opportunity For personal use only • The continuation of the Bendigo Zone geology to the north under cover is well established • The major regional f
Slide 29: 2007 Gold Undercover Report outlined discovery potential
PYRAMID HILL GOLD PROJECT The 2007 Gold Undercover Report outlined the huge discovery potential undercover – prior to Fosterville Swan Zone discovery For personal use only Parameter P90 P50 (mean) P10 No. of significant 15 25 32 goldfields undercover Undiscovered gold 9 32 58 endowment (Moz) • Monte
Slide 30: Wide-spaced shallow AC drilling targets alteration halos
PYRAMID HILL GOLD PROJECT Wide-spaced shallow AC drilling aims to hit alteration halos and secondary dispersion zones in basement, which typically surround gold zones in Victoria For personal use only Conceptual cross section along phase 1 drill lines (representative scale) ~100m Secondary dispersio
Slide 31: Four large-scale targets identified at the Muckleford Area
PYRAMID HILL GOLD PROJECT Reconnaissance AC drilling has identified four large-scale targets to date at the Muckleford Area For personal use only 1. Ironbark: shallow gold intersections up to 1.1g/t Au under 25-75m of Murray Basin cover, within a ~450m diameter diorite intrusion, co-incident with a
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