Challenger Gold Limited · ASX:CEL
Challenger Gold — Investor Presentation (June 2023)
20 slides from Challenger Gold's investor presentation, Jun 19, 2023
Slide 1: Shareholder Webinar
For personal use only ASX: CEL Shareholder Webinar June 19 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: Challenger Exploration Snapshot
CHALLENGER EXPLORATION SNAPSHOT Two significant discoveries, both with grade and scale, provide strategic flexibility • Hualilan Gold Project (100% - San Juan) - 2.8 Moz1 resource remains open • High-grade system overlying a large intrusion-hosted discovery For personal use only EL GUAYABO/COLORADO
Slide 4: Value Drivers and Strategy
For personal use only Value Drivers and Strategy 4
Slide 5: Where are we and where are we going as a company
Where are we and where are we going as a company Fund raising provides a 12-month runway and meaningful value drivers at Hualilan to be achieved Where are we now Hualilan Prefeasibility Study same share price as early 2020 For personal use only ▪ (value driver and opens other funding options) ▪ Befo
Slide 6: Increasing the Resource Not a Key Value Driver
INCREASING THE RESOURCE NOT A KEY VALUE DRIVER Hualilan already has critical mass we need to find a second Hualilan to move the dial Total MRE at various cut off grades • Upgraded MRE increases to 2.8 million ounces (AuEq)1 . Cut-off (g/t Au Zn Pb Oz tonnes Ag (g/t) AuEq (g/t) For personal use only
Slide 7: Scoping Study a Key Value Driver
SCOPING STUDY A KEY VALUE DRIVER 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 • Pit and underground mine
Slide 8: Finding Another Hualilan a Key Value Driver
FINDING ANOTHER HUALILAN A KEY VALUE DRIVER 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 entire 2.2km length: ▪ 90
Slide 9: The Exciting Opportunity at Hualilan
THE EXCITING OPPORTUNITY AT HUALILAN Early regional exploration has delivered exciting targets to follow up 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 sediment samples 10
Slide 10: Maiden Mineral Resource Estimate Ecuador
For personal use only Maiden Mineral Resource Estimate Ecuador 10
Slide 11: 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 4.5 million ounces 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,
Slide 12: Coherent Near Surface High-Grade Component
COHERENT NEAR SURFACE HIGH-GRADE COMPONENT Potential to provide high-grade starter feed Grade Tonnage Table (4.5 Moz2 MRE) For personal use only Cut-off Au Eq oz mt g/t (AuEq) (g/t) (AuEq) 0.20 450.5 0.42 6,011,670 0.25 361.3 0.46 5,384,520 0.30 268,.7 0.52 4,483,435 0.35 203.7 0.58 3,816,672 0.40 1
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: How Do We Change the Current Scale
Cangrejos Deposit HOW DO WE CHANGE THE CURRENT SCALE - 16.8 Moz Au - Gold with Cu, Ag, Mo credits CV-A and CV-B at Colorado V are both ready for resource drill-out - 500,000 Oz AuEq production1 - ASIC US$671 Oz1 • Outstanding results with first 10 holes 1 Source Lumina Gold (TSX : LUM) PFS May 2023
Slide 15: Valuation and Milestones
For personal use only Valuation and Milestones 15
Slide 16: Key Milestones Over the Next Months
KEY MILESTONES OVER THE NEXT 9 MONTHS Delivery of significant and value accretive milestones over the next 9 months Hualilan Gold Project, Argentina El Guayabo Project, Ecuador For personal use only 1. Completion of Scoping Study/PEA • Maiden Mineral Resource Estimate - 100% tenements ➢ Jul 2023 – w
Slide 17: Value Proposition and Future Catalysts
VALUE PROPOSITION AND FUTURE CATALYSTS Many catalysts achieved and significant opportunity to be re-rated with several price catalysts in the short term Several Share Price catalysts as we execute our strategy Construction • As we execute over the next 6-9 months there will be several Target date fo
Slide 18: Company Strategy
COMPANY STRATEGY Deliver key milestones in Argentina and create value for CEL shareholders Our Aspiration is to become a globally significant gold producer For personal use only Hualilan Gold Project El Guayabo Project Company Strategy Argentina Ecuador • Hualilan to provide a high-grade low • 2.8 m
Slide 19: 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 El Guayabo Project- Requirements Domain Category Mt Au g/t Ag g/t Zn % Pb % AuEq g/t (Mozs) under the JORC Code (Hualilan Gold Project) For personal use on
Slide 20: 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 Sergio Rotondo (US/Argentina) Scott Funston Elvis Jurcevi Jane Morgan CEO & Managing Director Executive Director CFO Investor Relations Media Relation