Challenger Gold Limited · ASX:CEL
Challenger Gold — Challenger Exploration — 121 Mining Investment APAC 2021
24 slides from Challenger Gold's conference presentation, Mar 17, 2021
Slide 1: 121 Mining Investment APAC 17-19 March 2021
For personal use only ASX: CEL 121 Mining Investment APAC 17-19 March 2021 Hualilan Gold Project : Cerro Sur looking north to Cerro Norte Challenger Exploration Limited Argentina and Ecuador Gold / Copper Projects
Slide 2: Important Notice & Disclaimer
IMPORTANT NOTICE & DISCLAIMER DISCLAIMER For personal use only 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 documentation and only to investors meeti
Slide 3: Investment Highlights
INVESTMENT HIGHLIGHTS World class projects + management with a proven track record • Hualilan Gold Project earning up to 75%, with a Historical resource 627,000 oz Au For personal use only at 13.7 g/t1 , with an underlying intrusion-hosted system - 116m @ 1.1 g/t Au • Five rig high impact 45,000m dr
Slide 4: Overview: Two complementary assets being aggressively advanced
OVERVIEW Two complementary assets being aggressively advanced For personal use only Challenger aspires to become a globally significant gold producer supported by the Company’s current assets HUALILAN GOLD PROJECT EL GUAYABO/COLORADO V PROJECT Argentina Earning 75% Ecuador Earning up to 100% Histori
Slide 5: Hualilan Gold Project Overview
HUALILAN GOLD PROJECT Overview For personal use only • High grade gold project with historic skarn resource of 627,000 Oz at 13.7g/t gold [assume 10 g/t AuEq]#1 with underlying porphyry gold system • CEL drilling has extended mineralisation in multiple directions and confirmed high grades: - 6.1m at
Slide 6: High Grade Mineralisation
HIGH GRADE MINERALISATION Remains open in all directions - limited by drilling Mineralisation outcrops at surface Mineralisation at Hualilan comprises 2 distinct orientations For personal use only Historical drill holes were all drilled controlled by regional east-west faults behind the plane of the
Slide 7: Conceptual Intrusion-Hosted Target
CONCEPTUAL INTRUSION-HOSTED TARGET Covering 2km of strike under the high-grade mineralisation with the potential to be significantly larger • Discovery of Intrusion-hosted Gold (in For personal use only GNDD-025 : altered porphyry dacite) 88m @ 0.9 g/t Au, 2.3 g/t Ag, GNDD-157 Incl 50m at 1.4 g/t Au
Slide 8: 2021 - The Year We Demonstrate Hualilan's Scale
2021 - THE YEAR WE DEMONSTRATE HUALILAN’S SCALE 8 weeks into the 2021 drill program and we have discovered multiple new zones of mineralisation Exceptional drilling results over the For personal use only past month in multiple new zones ▪ 209.0m at 1.1 g/t AuEq from 59m incl 49.0m at 3.0 g/t AuEq (G
Slide 9: Drilling Confirms Major Discovery
DRILLING CONFIRMS MAJOR DISCOVERY Large-scale intrusion-hosted gold system underlying the high-grade skarn For personal use only • Blind pattern drilling involving fences of 4-5 holes spaced at intervals of 50-100 metres along strike given the majority of the intrusion hosted mineralisation lies und
Slide 10: Hualilan Gold Project – Recent Discovery
HUALILAN GOLD PROJECT – RECENT DISCOVERY New zone of mineralisation in intrusives south of the Magnata Fault covering 400 metres of strike For personal use only 10
Slide 11: Hualilan Gold Project – New Zone Discovery
HUALILAN GOLD PROJECT – NEW ZONE DISCOVERY Significant mineralisation underneath the main manto at Sentazon For personal use only Discovery below Sentazon Manto • GNDD-142 intersected high-grade mineralisation 50 metres below the Sentazon Manto returning 40.5 metres at 6.2 g/t AuEq • No drilling, wi
Slide 12: Discovery of a Second Trend
DISCOVERY OF A SECOND TREND Repeat zone 200 metres west of the existing mineralisation A For personal use only A B B • Bulk intersection of 213.5 metres at 0.9 g/t AuEq (inc 71 metres at 1.8 g/t AuEq) • Mineralisation is hosted in intrusives analogous to the Gap Zone and Magnata • Second westerly di
Slide 13: Underground Mapping and Sampling Program
UNDERGROUND MAPPING AND SAMPLING PROGRAM Key work item to push the maximum number of historical ounces into JORC For personal use only Underground channel sampling • Key requirement for JORC Resource • Phase 1 completed in January with the program expanded and ongoing. • First assays flowing now • A
Slide 14: Metallurgical Testing
METALLURGIAL TESTING Results from first pass metallurgy were outstanding with the potential to further increase recoveries ✓ Two simple low capital and operating cost options For personal use only 1. Simple Bulk Sulphide Float • Recoveries of 91-94% (gold) and 84-86% (silver) • P80 of 100 micron gri
Slide 15: El Guayabo Gold/Copper Project – Ecuador
EL GUAYABO GOLD/COPPER PROJECT – ECUADOR Project Overview including the adjoining Colorado V concession For personal use only • 35km2 land package 5km along strike from the 16.7-million ounce Cangrejos1 deposit which is going through permitting • Substantial historical drilling results not followed
Slide 16: El Guayabo Gold/Copper Project - Geology
EL GUAYABO GOLD/COPPER PROJECT - GEOLOGY Geological Model For personal use only CANGREJOS (17 MOz Au) Porphyry Target Porphyry Porphyry Target Target recently acquired Colorado V concession covers the 10km of strike between El Guaybo and Cangrejos 16
Slide 17: North-South IP Line
NORTH-SOUTH IP LINE Large undrilled mineralised breccia bodies Historical drilling results For personal use only – 112m @ 0.6 % Cu +0.7 g/t Au +14.7 g/t Ag ; – 116m @ 0.4% Cu + 0.6 g/t Au + 8.9 g/t Ag; – 215m @ 0.4% Cu + 0.2 g/t Au + 9.6 g/t Ag (inc 83m @ 0.5% Cu + 0.2 g/t Au + 14.9 g/t Ag) 24A 24C
Slide 18: Ecuador Update – Multiple Large Gold Targets
ECUADOR UPDATE – MULTIPLE LARGE GOLD TARGETS Before any significant expenditure For personal use only Current Status ► 146m at 1.5 g/t Au, 1.8 g/t Ag from 211m (ZK1-5) - incl 87m at 2.1 g/t Au, 1.9 g/t Ag ► Over 250 metres of gold mineralisation in drill hole ZK0-2 - 151 metres at 0.9 g/t gold and 3
Slide 19: Kilometre Trend
2 KILOMETRE TREND Increases strike extent by over 400% For personal use only • Surface mapping and sampling over two unexplored soil anomalies along strike from the drilling returned wide spread gold at surface in the same rock types that host the broad intercepts in the historical drill holes • Two
Slide 20: Drilling Targets Analogous to Cangrejos 5km Away
DRILLING TARGETS ANALOGOUS TO CANGREJOS 5KM AWAY Recent assay results point to a major discovery For personal use only • Number of high tenor gold and copper in soil anomalies > 1km2 in size not validly tested D • Majority of the drilling was on the flanks of the soil anomalies • Assays of the initi
Slide 21: Summary
SUMMARY A significant gold system underlies the historical high-grade skarn For personal use only Hualilan Project, Argentina • Ongoing news flow that comes with five rigs • A number of new zones and higher success rates as we better understand the mineralisation – magnetics and IP are important • W
Slide 22: Company Strategy
COMPANY STRATEGY For personal use only Our Aspiration is to become a globally significant gold producer Hualilan Gold Project El Guayabo Project Company Strategy Argentina Ecuador • Hualilan to provide a high-grade low • High-grade historical resource • Exciting traditional near surface capex operat
Slide 23: Challenger Exploration Limited contact details
CHALLENGER EXPLORATION 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 Elvis Jurcevic Jane Morgan CEO & Managing Director CFO & Finance Director Investor Relations Media Relations +61 411 885 979 +61
Slide 24: Current Historical Non-JORC Resource
CURRENT HISTORICAL NON-JORC RESOURCE Historical drilling failed to test the Sanchez fault due to the topography For personal use only La Mancha Resources 2003 foreign resource estimate for the Hualilan Project ^ Tonnes AuEq Grade Gold Equivalents Category (kt) (g/t) (koz) Measured 218 14.2 100 Indic
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