Slide 1: Cashed up for growth and opportunity
For personal use only Cashed up for growth and opportunity • Cash: substantial war-chest with A$52M cash • Today’s T d ’ exploration l ti upside: id Large VMS system discovered in Eritrea – drilling resuming February 2013 • Tomorrow’s potential: Seeking advanced projects February 2013 Slide: 1
Slide 2: Disclaimer and Competent Person's Statement
Disclaimer and Competent Person’s Statement 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. For personal use only Any potential investor should also refer to Chalice Gold Mines Limi
Slide 3: Chalice Snapshot
Chalice Snapshot A new chapter opens following last year’s successful sale of Eritrean gold asset for $114M For personal use only Capital Structure: Share Price ~A$0.18 Shares on Issue 250 million Market Capitalisation ~A$45 million (@ 18cps) Options on Issue 5 million D bt Debt - Cash ~A$52 million
Slide 4: Current Regional Focus: the Arabian-Nubian Shield
Current Regional Focus: the Arabian-Nubian Shield Strong strategic foothold in one of the world’s exploration “hot spots” For personal use only • Long mining history (possibly as much as 100Moz historical gold production) • Minimal modern exploration • World-class projects now being developed Slide:
Slide 5: Current Ground Position – Eritrea
Current Ground Position – Eritrea Mogoraib North tenement encompasses outstanding exploration potential… For personal use only Zara Gold Project divested to China SFECO Group and ENAMCO in 2012 for combined proceeds of $114M lleaving $114M, i ChChalice li with ith the th highly hi hl prospective ti
Slide 6: Mogoraib North: On the Doorstep of a Giant
Mogoraib North: On the Doorstep of a Giant 550 sq km tenement secured in early 2011 – immediately north of Bisha Mine For personal use only BISHA VMS MINE 2011 production: 379koz gold, copper expansion under construction 12 years of reserves, one of highest grade open pit mines in the world Slide: 6
Slide 7: Mogoraib North: On the Doorstep of a Giant
Mogoraib North: On the Doorstep of a Giant On the doorstep of one of the world’s premier new VMS mines For personal use only Slide: 7
Slide 8: VMS Geological Model
VMS Geological Model VMS deposits are created by volcanic-associated hydrothermal events in submarine environments For personal use only • VMS deposits d it are a major j source off global l b l copper, zinc, i lleadd and gold production • They are created by sea-floor hydrothermal processes associa
Slide 9: Mogoraib North: A New VMS System
Mogoraib North: A New VMS System A highly prospective project which has recently delivered a new discovery for Chalice For personal use only • 550 sq km tenement 10km north of Bisha deposit p • Volcanogenic Massive Sulphide (VMS) ‘horizons’ trend north under transported cover into CHN ground • Numer
Slide 10: Systematic Exploration and Persistence Pays Off
Systematic Exploration and Persistence Pays Off Sulphides intersected in 20th EM target to be drilled after lots of black shales! For personal use only • 30 priority conductor plates selected from >200 EM targets identified from initial interpretation of VTEM • VTEM targets further screened and prio
Slide 11: Mogoraib River Discovery
Mogoraib River Discovery A virgin discovery beneath shallow transported cover For personal use only • Disseminated, stringer & massive to semi- massive sulphides intersected in wide-spaced h l over 6k holes 6km • MOGD-00021 – Zn & Cu-rich sulphide intersection: • 145-150m: 5m @ 0.86% Cu, 1.33% Zn, 0
Slide 12: Down-hole & Ground EM: Deep Conductor at T209
Down-hole & Ground EM: Deep Conductor at T209 For personal use only Slide: 12
Slide 13: Business Development Focus
Business Development Focus Capacity to secure quality new opportunities with potential to add significant value • Aiming to put proceeds of Zara sale to work For personal use only • Looking for advanced or development stage opportunities with growth potential • Preference for gold or gold gold-coppe
Slide 14: Summary: A New Chapter Begins
Summary: A New Chapter Begins Cash, Exploration Upside, Opportunity For personal use only • Well funded junior explorer/developer • ~A$52 million cash from sale of Zara Project • Potential emerging large-scale VHMS di discovery att Mogoraib M ib N North th • Hunt for new opportunities pp underwayy •
Slide 15: Summary: A New Chapter Begins
Summary: A New Chapter Begins Cash, Exploration Potential, Opportunity For personal use only AUSTRALIA Bell Potter Trent Allen E: tcallen@bellpotter.com.au T: +612 9231 0880 Paterson Securities Limited Simon Tonkin E: STonkin@psl.com.au T: +618 9225 2816 Blackswan Securities Mark Savich E: msavich@b