Chalice Mining Limited · ASX:CHN
Chalice Mining — Chalice Gold Mines — Macquarie Western Australia Forum 2020
40 slides from Chalice Mining's conference presentation, Dec 3, 2020
Slide 1: Advancing the world class Julimar PGE-Ni-Cu-Co-Au discovery
For personal use only ASX: CHN | OTCQB: CGMLF Advancing the world class Julimar PGE-Ni-Cu-Co-Au discovery Corporate Presentation – Macquarie Western Australia Forum 3 December 2020
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 • “High-grade nickel-copper-palladium sulphide intersected at Julimar Project in WA”, 23 March 2020 isolation as a gui
Slide 3: A unique exploration specialist with a globally significant discovery
A unique exploration Julimar – a new high-grade PGE-Ni-Cu-Co-Au specialist with a globally discovery in WA For personal use only significant discovery • Australia’s first major palladium discovery • Emerging as a major, strategic deposit of critical metals for our clean energy future • Highly levera
Slide 4: Chalice's portfolio includes the Julimar discovery and a pipeline of generative opportunities
Chalice’s portfolio includes the exciting Julimar discovery in the new West Yilgarn Ni-Cu-PGE Province in WA + a pipeline of generative opportunities For personal use only 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,
Slide 5: Chalice is one of the top performing companies in the ASX All Ordinaries
Chalice is one of the top performing companies in the ASX All Ordinaries with >1,600% TSR year-to-date For personal use only $100M Capital CHN Share Price Chart (A$/share) Raise at $3.75 Key properties purchased, 4.50 6th and 7th high-grade zones discovered 4.00 Significant PGE-Cu- Au horizon define
Slide 6: 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 For personal use only Top Shareholders1 Capital Structure and Financials Tim Goyder (Chairman) Equity listings Founder in 2006 Shares out. 337.9M2 Market capitalisation ASX: CHN Shares (F/D) 355.9M2 ~
Slide 7: Julimar Nickel-Copper-PGE Project, Western Australia
Julimar Nickel- Copper-PGE Project For personal use only Western Australia 7 JD006 core specimen at Julimar Ni-Cu-PGE Project, Jun-2020
Slide 8: 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 For personal use only • ~70km NE of Perth, with direct access to major highway, rail, power and port infrastructure • ~26km long layered mafic-ultramafic intrusiv
Slide 9: 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 For personal use only • ~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
Slide 10: Six wide high-grade zones defined 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 For personal use only 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
Slide 11: 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 For personal use only Drill holes RC – assayed RC – assays pending DDH – assayed DDH – assays pending Geology Cover/Laterite Gabbro Saprolite Granite Serpentinite Sediments Dolerite Dyke Mineralisation
Slide 12: 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 For personal use only 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 •
Slide 13: 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) For personal use only Historical surface sampling over regional magnetics (TMI-RTP) 2020 Airborne EM (channel 15) May 2020 Sept 2020 N 13
Slide 14: Platinum Group Elements – critical metals for our clean energy future
Platinum Group Elements – critical metals for our clean energy future For personal use only >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 Ce
Slide 15: Julimar could deliver jobs, skills and economic diversification to the Wheatbelt
The Julimar Project has the potential to deliver significant jobs, skills and economic diversification to the Wheatbelt region of WA For personal use only • The proximity of Julimar to major communities provides a unique opportunity to build a workforce of local permanent residents (drive in, drive
Slide 16: Chalice is values driven and aims for excellence in environmental management
Chalice is a values driven business and aims to achieve excellence in environmental management For personal use only • Chalice is committed to adopting best practice environmental standards and monitoring compliance to ensure standards are upheld • Engaged leading external environmental consultants
Slide 17: Accelerated drilling and metallurgical testwork program underway
Accelerated drilling and metallurgical testwork program underway – aiming to define a maiden Mineral Resource by mid 2021 For personal use only 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 act
Slide 18: 2021 Outlook
2021 Outlook – we are on track to define a maiden resource at Julimar, build trust with our key stakeholders and leverage our discovery For personal use only Define a maiden JORC Mineral Resource Estimate and outline the potential for a commercially viable mining operation for the Gonneville PGE-Ni-
Slide 19: Investment highlights
Investment highlights For personal use only The new PGE-Ni-Cu-Co discovery at Julimar in WA 1 has significant scale potential and has opened up a new mineral province – resource drill-out underway Two rigs drilling at the Pyramid Hill Gold Project in Vic 2 and a maiden drill program recently complet
Slide 20: The Chalice Story – Appendix
The Chalice Story For personal use only Appendix 20
Slide 21: A dynamic group of mine finders, project builders and mining managers
TEAM We are a dynamic and entrepreneurial group of accomplished mine finders, project builders and mining managers For personal use only Board of Directors Key Management Tim Goyder, Chairman Richard Hacker, CFO • 40+ year industry veteran with track record of success as an • Chartered Accountant wi
Slide 22: 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 For personal use only 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 ra
Slide 23: Portfolio includes district-scale projects, royalties, investments and JVs
PORTFOLIO Chalice’s portfolio includes district-scale precious and base metal projects as well as several royalties, investments and non-operated JVs For personal use only Australia Hawkstone Warrego North Copper-Gold JV Nickel-Copper- (NT Bullion earning 75%) Cobalt Project Royalties (85-100%) Flin
Slide 24: Pyramid Hill Gold Project, Victoria
Pyramid Hill Gold Project For personal use only Victoria Drilling at Pyramid Hill Gold Project, Oct-2019 24
Slide 25: Why gold in Victoria? The prospect of finding another Fosterville
Why gold in 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 recovered grade >8.5g
Slide 26: Chalice 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 For personal use only • The success of Fosterville has attracted significant new players into the district: • Chalice positioned itself early and strategically, with a focus on
Slide 27: World-class gold deposits are 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 For personal use only NSW VIC Northern Four Eagles Bendigo Zone Tandarra Extension of these regional scale faults Fosterville ~9Moz Karri under cover evident M
Slide 28: 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 For personal use only 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 (getti
Slide 29: A 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 • 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 •
Slide 30: Karri Prospect: large gold system at depth confirmed
1. KARRI PROSPECT Initial geological holes have confirmed a large gold system at depth below the >4km long gold trend at the Karri Prospect For personal use only • Maiden 6 hole diamond program for structure / geology recently completed • First ever test at depth into a ‘blind target’ • All six diam
Slide 31: 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 For personal use only 31
Slide 32: Karri Prospect AC drilling over aerial imagery
1. KARRI PROSPECT Pyramid Hill Gold Project Karri Prospect For personal use only AC Drilling over Aerial Imagery August 2020 AC Drilling Max Gold Contours >0.025g/t >0.1g/t >1g/t 32
Slide 33: Hawkstone Nickel-Copper-Cobalt Project, Western Australia
Hawkstone Nickel-Copper- Cobalt Project For personal use only Western Australia 3333 Hawkstone field reconnaissance, Jun-2019
Slide 34: 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 For personal use only 600,000mE 700,000mE 800,000mE • Frontier province highly prospective for 8,200,000mN 50km magmatic Ni-Cu-Co sulphide deposits N • Minimal
Slide 35: Immediate focus is the Ruins Area with 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
Slide 36: Julimar Nickel-Copper-PGE Project Appendix
Julimar Nickel- Copper-PGE Project For personal use only Appendix 36 DrillingNi-Cu-PGE JD006 core specimen at Julimar at Julimar Project, Project, Apr-2020 Jun-2020
Slide 37: Gonneville plan and cross section C
Gonneville plan and cross section C For personal use only 37
Slide 38: Gonneville cross sections A and B
Gonneville cross sections A and B For personal use only 38
Slide 39: Palladium price has surged with China 6 emissions standards
The palladium price has surged with the introduction of China 6 emissions standards and the switch from Pt to Pd based catalytic converters For personal use only 39
Slide 40: Connect with Chalice
For personal use only 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 info@chalicegold.com @ChaliceGold www.chalicegold.com chalice-gold-mines
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