Challenger Gold Limited · ASX:CEL
Challenger Gold — Noosa Mining Conference July 2023
19 slides from Challenger Gold's conference presentation, Jul 20, 2023
Slide 1: Noosa Mining Conference Presentation July 2023
For personal use only ASX: CEL Noosa Mining Conference Presentation July 2023 Hualilan Gold Project : Cerro Sur looking north to Cerro Norte Challenger Gold Limited Argentina and Ecuador Gold / Copper Projects 1
Slide 2: Important Notices and Disclaimer
IMPORTANT NOTICES AND DISCLAIMER DISCLAIMER This presentation is for informational purposes only and does not constitute an offer to sell, or solicitation to purchase, any securities. Such Offer can be made only through proper subscription For personal use only documentation and only to investors me
Slide 3: Current Market Conditions
CURRENT MARKET CONDITIONS Massive disconnect between explorers and producers that will eventually normalise For personal use only Source – Lion Selection Group 3
Slide 4: Challenger Gold Snapshot
Challenger Gold SNAPSHOT Two significant discoveries, both with grade and scale, provide strategic flexibility Hualilan Gold Project El Guayabo Gold-Copper Project 100% 50-100% - El Oro; Ecuador For personal use only 2.8 Moz1 AuEq2 Gold Resource EL GUAYABO/COLORADO V GOLD - 4.5 Moz4 AuEq2 Gold Resou
Slide 5: Corporate Snapshot
CORPORATE SNAPSHOT An experienced Board & Management team with a proven track record Key Executives Kris Knauer Sergio Stuart Mike Zivcic Scott For personal use only CEO & Rotondo Munroe COO Funston Director Exec Director Exploration CFO Manager • Exploration geologist. • Background in construction
Slide 6: 2.8 Million Ounce (AuEq) Resource That Remains Open
2.8 MILLION OUNCE (AUEQ) RESOURCE THAT REMAINS OPEN High-grade core of 1.6Moz at 5.0 g/t AuEq High grade is important near surface for early payback For personal use only (Pink and red represent the higher grades) 0m 500m 4.0m at 5.8 g/t AuEq from 1009m (deepest hole ended in mineralisation) 6
Slide 7: Scoping Study – Continues to Make Excellent Progress
Scoping Study – Continues to Make Excellent Progress Scoping Study designed to optimise for earnings/cashflow per share and produce a project CEL can deliver For personal use only Cerro Sur Stopes Cerro Norte Stopes Current underground stope Stopes not in mine plan model and starter open pits • Scop
Slide 8: Building a District Scale Footprint at Hualilan
BUILDING A DISTRICT SCALE FOOTPRINT AT HUALILAN Discoveries like Hualilan seldom occour in isolation – hence a 600 sqkm footprint which is unexplored 2.8 Moz1 2.2 km For personal use only Resource Resource (marked in red) Strike Existing Mineral Resource (US$1800 optimised pit shell) 3.5km 564 km2 M
Slide 9: The Exciting Opportunity at Hualilan
THE EXCITING OPPORTUNITY AT HUALILAN Exploration has only focussed on one side of the intrusion responsible for Hualilan For personal use only Near resource exploration delivers • Rock chip samples located several hundred metres east of the current resource along its 2.2km length: ▪ 90.7 g/t Au, 42.
Slide 10: The Exciting Opportunity at Hualilan
THE EXCITING OPPORTUNITY AT HUALILAN Exploration has only focussed on one side of the intrusion responsible for Hualilan Initial regional exploration delivers • Less than 5% into the program with early results For personal use only developing significant new targets. • High-grade Au-Ag stream sedime
Slide 11: El Guayabo/Colorado V Project Ecuador
For personal use only El Guayabo/Colorado V Project Ecuador 11
Slide 12: Maiden Ecuador Mineral Resource Estimate (MRE)
MAIDEN ECUADOR MINERAL RESOURCE ESTIMATE (MRE) Just a start - Based on 2 of the 7 anomalies to produce significant drill intersections Cangrejos Deposit • Maiden El Guayabo MRE of 4.5Moz1 at 0.52 g/t (AuEq)2 - 16.8 Moz at 0.6 g/t AuEq - Gold with Cu, Ag, Mo credits 270mt at 0.4 g/t Au, 2.6 g/t Ag, 0
Slide 13: Ongoing Ecuador Work Program
ONGOING ECUADOR WORK PROGRAM Rock-saw channel sampling up-dip of the MRE where drilling was difficult due to the terrain • The high-grade core of the MRE was constrained into two high-grade sub- For personal use only domains with a smaller search radius • this limited the extent of the high-grade up
Slide 14: Colorado V Drill Program Update
Cangrejos Deposit COLORADO V DRILL PROGRAM UPDATE - 21.8 Moz AuEq at 0.6 g/t AuEq - Gold with Cu, Ag, Mo credits Exploration drilling produces two additional discoveries ready for immediate resource drill-out - 500,000 Oz AuEq production - ASIC US$604 Oz • Au-Cu soil anomalies 1km x 0.5km Source Lum
Slide 15: Valuation and Milestones
For personal use only Valuation and Milestones 15
Slide 16: Where are we and where are we going as a company
Where are we and where are we going as a company The current fund raising provides a 12-month runway and meaningful value drivers Where are we now Production Targeted Target date for financial close and commencement of construction in H2 2025 same share price as early 2020 For personal use only ▪ ▪
Slide 17: Appendix
For personal use only Appendix 1 Mineral Resource Estimate and information required under JORC Code 17
Slide 18: Mineral Resource Estimates and AuEq Information
MINERAL RESOURCE ESTIMATES AND AUEQ INFORMATION JORC 2012 Compliant MRE’S released March 2023 and June 2023 AuEq 1 Gold Equivalent (AuEq) values Hualilan Gold Project- Au g/t Ag g/t Zn % Pb % AuEq g/t (Mozs) Domain Category Mt Requirements under the JORC Code (El Guayabo Gold-Copper For personal use
Slide 19: Challenger Gold Limited contact details
Challenger Gold LIMITED (ASX:CEL) ACN 123 591 382 Level 1, 1205 Hay Street, West Perth WA 6005 | P: +61 8 6380 9235 For personal use only Kris Knauer Scott Funston Jane Morgan CEO & Managing Director CFO & Finance Director Media Relations +61 411 885 979 +61 413 867 600 +61 405 555 618 kris.knauer@c