Slide 1: Advancing the world class Julimar PGE-Ni-Cu-Co-Au discovery
ASX: CHN | OTCQB: CGMLF Advancing the world class Julimar PGE-Ni-Cu-Co-Au discovery Equity Capital Raising Presentation 1 December 2020
Slide 2: Forward looking statements and disclosures
Forward looking statements and disclosures This presentation does not include all available Information on Chalice Gold Mines Limited and should not be used in • “High-grade nickel-copper-palladium sulphide intersected at Julimar Project in WA”, 23 March 2020 isolation as a guide to investing in the
Slide 3: Investment highlights
Investment highlights 1 The high-grade Gonneville PGE-Ni-Cu-Co-Au discovery at Julimar in WA is Australia’s first major palladium discovery and has opened up a new base and precious metals mineral province 2 A significant pipeline of greenfield discovery opportunities across Australia with a focus o
Slide 4: Institutional placement to raise A$90 million and Share Purchase Plan up to A$10 million
Chalice is conducting an institutional placement to raise A$90 million and a Share Purchase Plan to raise up to A$10 million Offer structure and size • Chalice is conducting the offer to raise up to A$100 million, comprising – An institutional placement of approximately 24.0 million fully paid ordin
Slide 5: Proceeds will be used to accelerate exploration and deliver maiden Mineral Resource
Proceeds from the Offer will be used to accelerate exploration activities and deliver the maiden Mineral Resource and mining studies for Julimar Raising provides a 2 year runway to support accelerated exploration and development Sources of Funds (A$M) activities: Gonneville resource definition drill
Slide 6: Timetable and pro-forma capital structure
Timetable and pro-forma capital structure Indicative Timetable1 Pro-forma financial impact and capital structure Event Date Shares on Issue (M) Cash at Bank (A$M) Record date for eligibility to 30 November 2020 7:00pm AEDT Monday, 30 November 2020 311.2 26 participate in SPP (Unaudited)2 Trading hal
Slide 7: Company Overview
Company Overview 7
Slide 8: Chalice's portfolio includes the Julimar discovery in the new West Yilgarn Province
Chalice’s portfolio includes the exciting Julimar discovery in the new West Yilgarn Ni-Cu-PGE Province in WA + a pipeline of generative opportunities Julimar Nickel-Copper-PGE Project, WA • New greenfield PGE-Ni-Cu-Co sulphide discovery in Mar-2020 1 • 19m @ 8.4g/t Pd, 2.6% Ni, 1.0% Cu, 0.1% Co in 1
Slide 9: One of the top performing companies in the ASX All Ordinaries with >1,600% TSR
Chalice is one of the top performing companies in the ASX All Ordinaries with >1,600% TSR year-to-date Key properties purchased, CHN Share Price Chart (A$/share) 6th and 7th high-grade zones discovered 4.50 Significant PGE-Cu- Au horizon defined 4.00 on Eastern Contact 3.50 6.5km Hartog EM Anomaly d
Slide 10: Tight capital structure, strong financial position and growing institutional register
We have a tight capital structure, a strong financial position and a growing institutional register Top Shareholders1 Capital Structure and Financials Tim Goyder (Chairman) Founder in 2006 Equity listings Shares out. 311.2M2 Market capitalisation ASX: CHN 12% Franklin Templeton Gold & Shares (F/D) 3
Slide 11: Julimar Nickel-Copper-PGE Project Western Australia
Julimar Nickel- Copper-PGE Project Western Australia 11 JD006 core specimen at Julimar Ni-Cu-PGE Project, Jun-2020
Slide 12: High-grade PGE-Ni-Cu-Co intersected in the very first drill hole at Julimar
High-grade PGE-Ni-Cu-Co was intersected in the very first drill hole at Julimar – a remarkable new discovery in a completely new province • ~70km NE of Perth, with direct access to major highway, rail, power and port infrastructure • ~26km long layered mafic-ultramafic intrusive complex (Julimar Com
Slide 13: Gonneville is an exceptional PGE-nickel-copper-cobalt-gold discovery
Gonneville is an exceptional PGE-nickel-copper-cobalt-gold discovery with the potential to deliver a world-class deposit • ~1.6km x >0.8km intrusion, open to the north- west, hosting: • Seven shallow high-grade PGE-Ni-Cu-Co+/- Au zones defined to date (G1-G7, using >1g/t Pd cut-off) – all remain ope
Slide 14: Six wide high-grade zones are internal to the intrusion
Six of the wide high-grade zones defined to date are internal to the intrusion, have significant (350-550m) strike extent and remain open G1(discovery), G2, G3, G5, G6, G7 Zones: • ~3-40m wide • Top of zones ~25m below surface • Pd-Ni-Cu-Co rich • Open along strike and down-dip • 99x high-grade (>1g
Slide 15: High-grade zones have a moderate westerly dip and remain open
The high-grade zones have a moderate westerly dip and up to ~340m of dip extent – all remain open Drill holes RC – assayed RC – assays pending DDH – assayed DDH – assays pending Geology Cover/Laterite Gabbro Saprolite Granite Serpentinite Sediments Dolerite Dyke Mineralisation Oxide >1.0g/t Pd cut-o
Slide 16: The high-grade G4 Zone has significant growth potential
The high-grade G4 Zone is associated with the intrusion footwall contact and has significant growth potential given limited testing to date G4 Zone: • ~3-50m wide • Top of zones ~50m below surface • 800m of strike and up to 500m of dip-extent • Open along strike and down-dip • Pd-Pt-Cu+/-Au rich • 2
Slide 17: Several EM anomalies identified north-east of Gonneville
Several exciting EM anomalies identified to the north-east of Gonneville, all are yet to be tested (access to the Julimar State Forest awaiting approval) Historical surface sampling over regional magnetics (TMI-RTP) 2020 Airborne EM (channel 15) May 2020 Sept 2020 N 17
Slide 18: Platinum Group Elements – critical metals for our clean energy future
Platinum Group Elements – critical metals for our clean energy future >70% of PGEs used in automotive catalytic converters (pollution control devices) Palladium based catalytic converters preferred to comply with stricter emissions standards Catalytic Converter Hydrogen Fuel Cell Truck The Platinum
Slide 19: Accelerated drilling and metallurgical testwork program underway
Accelerated drilling and metallurgical testwork program underway – aiming to define a maiden Mineral Resource by mid 2021 2020 2021 Oct Nov Dec Jan Feb Mar Apr May Jun Julimar State Forest CMP Stage 1 CMP Stage 2 Access Approvals (non-ground disturbing activities) (drilling activities, subject to St
Slide 20: Julimar Project potential to deliver jobs, skills and economic diversification
The Julimar Project has the potential to deliver significant jobs, skills and economic diversification to the Wheatbelt region of WA • The proximity of Julimar to major communities provides a unique opportunity to build a workforce of local permanent residents (drive in, drive out) • Growing employm
Slide 21: Values driven business aiming for excellence in environmental management
Chalice is a values driven business and aims to achieve excellence in environmental management • Chalice is committed to adopting best practice environmental standards and monitoring compliance to ensure standards are upheld • Engaged leading external environmental consultants to provide expertise f
Slide 22: 2021 Outlook – on track to define a maiden resource at Julimar
2021 Outlook – we are on track to define a maiden resource at Julimar, build trust with our key stakeholders and leverage our discovery Define a maiden JORC Mineral Resource Estimate and outline the potential for a commercially viable mining operation for the Gonneville PGE-Ni-Cu-Co-Au discovery Mak
Slide 23: ASX: CHN | OTCQB: CGMLF
ASX: CHN | OTCQB: CGMLF Level 2, 1292 Hay Street CONNECT WITH CHALICE West Perth WA 6005, Australia +61 8 9322 3960 +61 8 9322 5800 @ChaliceGold info@chalicegold.com www.chalicegold.com chalice-gold-mines
Slide 24: The Chalice Story Appendix
The Chalice Story Appendix 24
Slide 25: Company history since 2006 IPO
COMPANY HISTORY Since our 2006 IPO, we have acquired quality assets, advanced projects quickly and generated >A$110M in after-tax proceeds1 from asset sales 2012 2020 Zara Gold Project in Major PGE-NI- Eritrea sold for Cu-Co-Au 2006 2016 ~US$114M (pre-tax) discovery at $7.5M raised in IPO Cameron 20
Slide 26: Accomplished mine finders, project builders and mining managers
TEAM We are a dynamic and entrepreneurial group of accomplished mine finders, project builders and mining managers Board of Directors Key Management Tim Goyder, Chairman Richard Hacker, CFO • 40+ year industry veteran with track record of success as an • Chartered Accountant with 20+ years experienc
Slide 27: District-scale projects, royalties, investments and non-operated JVs
PORTFOLIO Chalice’s portfolio includes district-scale precious and base metal projects as well as several royalties, investments and non-operated JVs Australia Hawkstone Warrego North Copper-Gold JV Nickel-Copper- (NT Bullion earning 75%) Cobalt Project Royalties (85-100%) Flinders River NT Vanadium
Slide 28: Pyramid Hill Gold Project Victoria
Pyramid Hill Gold Project Victoria Drilling at Pyramid Hill Gold Project, Oct-2019 28
Slide 29: Why gold in Victoria? The prospect of finding another Fosterville
Why gold in Victoria? The prospect of finding another Fosterville Gold Mine 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 recovered grade >8.5g/t Au Chalice tenure B
Slide 30: Staked a >5,000km2 essentially unexplored land holding
As an early mover, Chalice staked a >5,000km2 essentially unexplored land holding surrounding two world-class gold deposits • The success of Fosterville has attracted significant new players into the district: • Chalice positioned itself early and strategically, with a focus on: • Unexplored, prospe
Slide 31: World-class gold deposits controlled by regional scale faults
The world-class gold deposits are controlled by regional scale faults, which continue to the north into Chalice’s tenure → follow the strike NSW VIC Northern Four Eagles Bendigo Zone Tandarra Extension of these regional scale faults Fosterville ~9Moz Karri under cover evident Melbourne in regional g
Slide 32: Dispersion of gold and pathfinder metals used to vector under cover
Dispersion of gold and pathfinder metals such as arsenic and antimony is used to vector towards gold under cover Dispersion footprints of major gold deposits in Vic Our shallow, wide-spaced air- core drilling approach Arsenic (we are close) ~9 Drill Line 1 3-5km Antimony (getting warmer) Line 2 Gold
Slide 33: Systematic value-add approach – find the big gold systems first
Chalice has adopted a systematic value-add approach – ‘find the big gold systems first’ • Our Project covers hundreds of kilometres of prospective strike: • Muckleford (>300km) • Mt William (>75km) • Percydale (>40km) • Prior to Chalice most of the area essentially un-drilled • Our regional-scale ac
Slide 34: Initial geological holes confirmed a large gold system at Karri
1. KARRI PROSPECT Initial geological holes have confirmed a large gold system at depth below the >4km long gold trend at the Karri Prospect • Maiden 6 hole diamond program for structure / geology recently completed • First ever test at depth into a ‘blind target’ • All six diamond drill holes inters
Slide 35: Initial diamond holes provided a first glance at the geology
1. KARRI PROSPECT The initial diamond holes provided a first glance at the geology and compelling targets for the current phase of diamond drilling 35
Slide 36: Pyramid Hill Gold Project Karri Prospect
1. KARRI PROSPECT Pyramid Hill Gold Project Karri Prospect AC Drilling over Aerial Imagery August 2020 AC Drilling Max Gold Contours >0.025g/t >0.1g/t >1g/t 36
Slide 37: Hawkstone Nickel-Copper-Cobalt Project
Hawkstone Nickel-Copper- Cobalt Project Western Australia 3737 Hawkstone field reconnaissance, Jun-2019
Slide 38: Hawkstone covers 1,800km2 in the frontier King Leopold Orogen
The Hawkstone Nickel-Copper-Cobalt Project covers 1,800km2 in the frontier and largely unexplored King Leopold Orogen of the west Kimberley 600,000mE 700,000mE 800,000mE • Frontier province highly prospective for 8,200,000mN 50km magmatic Ni-Cu-Co sulphide deposits N • Minimal modern exploration • 2
Slide 39: Immediate focus is the Ruins Area with defined nickel sulphide targets
Chalice’s immediate focus is the Ruins Area, where several nickel sulphide targets have already been defined • 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 targets defined by grade Ni
Slide 40: Julimar Nickel-Copper-PGE Project Appendix
Julimar Nickel- Copper-PGE Project Appendix 40 DrillingNi-Cu-PGE JD006 core specimen at Julimar at Julimar Project, Project, Apr-2020 Jun-2020
Slide 41: Gonneville plan and cross section C
Gonneville plan and cross section C 41
Slide 42: Gonneville cross sections A and B
Gonneville cross sections A and B 42
Slide 43: Key risks and international jurisdictions
Key risks and international jurisdictions 43
Slide 44: Forward looking statements, disclaimers and additional disclosures
Forward looking statements, disclaimers and additional disclosures Disclaimer Not an offer This Presentation has been prepared by the Company based on information from its own and third party sources and is not This Presentation is not an offer or an invitation to acquire new shares (the “New Shares
Slide 45: Key risks
Key risks This section identifies the areas that the directors regard as the major risks associated with an investment in the Company. Investors should be aware that an investment in the Company involves many risks, which may be higher than the risks associated with an investment in other companies.
Slide 46: Key risks (cont.)
Key risks (cont.) Estimation risk The Company is working towards the definition of a maiden mineral resource estimate for the Gonneville PGE-Ni-Cu-Co-Au discovery at the Julimar Project. No assurance can be given that any future mineral resource estimate will result in a mineral reserve and be comme
Slide 47: Key risks (cont.)
Key risks (cont.) Native title Many of the areas the subject of the Company's tenements or tenement applications, are subject in whole or part to native title determinations, or claims made by native title parties, and may contain aboriginal heritage sites. The ability of the Company to undertake ex
Slide 48: Key risks (cont.)
Key risks (cont.) New projects and acquisitions The Company may make acquisitions of new resource projects in the future. There can be no guarantee that any new project acquisition will eventuate from these pursuits, or that any acquisitions will result in a return for shareholders. Such acquisition
Slide 49: International Offer Restrictions
International Offer Restrictions This document does not constitute an offer of new ordinary shares (New Shares) of the Company in any jurisdiction in which it would be unlawful. In particular, this document may not be distributed to any person, and the New Shares may not be offered or sold in the Pl
Slide 50: International Offer Restrictions (cont.)
International Offer Restrictions (cont.) Hong Kong WARNING: This document has not been, and will not be, registered as a prospectus under the Companies (Winding Up and Miscellaneous Provisions) Ordinance (Cap. 32) of Hong Kong, nor has it been authorised by the Securities and Futures Commission in H
Slide 51: International Offer Restrictions (cont.)
International Offer Restrictions (cont.) Switzerland The New Shares may not be publicly offered in Switzerland and will not be listed on the SIX Swiss Exchange or on any other stock exchange or regulated trading facility in Switzerland. Neither this document nor any other offering or marketing mater
Slide 52: Authorisation
Authorisation This presentation has been prepared by Chalice Gold Mines Limited and is authorised for release by the Board of Directors of Chalice Gold Mines Limited. For further information, please visit www.chalicegold.com, or contact: Corporate Enquiries Media Enquiries Alex Dorsch Nicholas Read