Challenger Gold Limited · ASX:CEL
Challenger Gold — Challenger Exploration — 121 Mining Investment Hong Kong 2019
22 slides from Challenger Gold's conference presentation, Oct 22, 2019
Slide 1: Two Highly Complimentary Gold Projects in South America
Investor Presentation | 121 Hong Kong (Oct 22-23) 2019 | ASX : CEL For personal use only Hualilan Gold Project : Cerro Sur looking north to Cerro Norte Two Highly Complimentary Gold Projects in South America Targeting early cashflow in Argentina : Significant target in Ecuador CHALLENGER EXPLORATION
Slide 2: Important Information
Important Information For personal use only The release, publication or distribution of this presentation in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this presentation is released, published or distributed should inform themselves about an
Slide 3: CEL is an ASX listed gold company with the following Projects
1. CEL is an ASX listed gold company with the following Projects For personal use only Hualilan Project El Guayabo Karoo Basin Project Gold Copper/Gold Gas Argentina – earning 75% Ecuador – earning 100% South Africa – 100% ▪ 188 drill holes from the 1970’s with the ▪ 10km along strike from a +10 mil
Slide 4: Corporate Overview
2. Corporate Overview For personal use only ASX Ticker CEL Re-compliance Share Price 3.0c Current Shares on Issue 466m Hualilan Project Acquisition Shares 65m Vendor Performance Shares 120m Unlisted Options (4c) 87.6m Fletcher Quinn Kris Knauer Scott Funston Stuart Munroe Fully Diluted 738m Chairman
Slide 5: Project Overview
3(a). Hualilan Gold Project - Project Overview For personal use only Hualilan Gold Project – earning 75% ▪ First drilling program started 10 days ago ▪ High grade - historic resource plus 12g/t gold ▪ Locked up in a dispute and idle for last 15 years ▪ Located in San Juan Province Argentina which is
Slide 6: Historical Exploration
3(b). Hualilan Gold Project – Historical Exploration For personal use only Extensive geological database Foreign Resource Estimate for the Hualilan Project (La Mancha Resources 2003) ▪ Skarn/Manto deposit in Ordovician sediments Contained associated with a porphyry intrusive Tonnes Gold Grade Catego
Slide 7: Recent Work
3(c). Hualilan Gold Project – Recent Work For personal use only ▪ Program of 71 underground channel and bulk samples validated historical results: • 201 g/t Gold, 1560 g/t Silver and 3.3% in a broader 5m zone grading 52.2 g/t Gold, 410g/t Silver and 6.1% Zinc -5m channel sample • 132 g/t Gold, 65.0
Slide 8: Recent Work
3(c). Hualilan Gold Project – Recent Work For personal use only Recent channel SRK Engagement samples – no drilling Cerro Norte ▪ Engaged SRK Consulting to review and expand on the company's 3D geological model of the Hualilan deposit. ▪ Brief is to review the existing interpretation and proposed dr
Slide 9: Recent Work
3(c). Hualilan Gold Project – Recent Work For personal use only Recent channel New Zone at Depth samples – no New zone drillingdefined by the underground channel samples In Cerro Norte Cerro Norte ▪ All eight channel samples in the main decline returned significant mineralisation. ▪ Define a new hig
Slide 10: Project Execution
3(d). Hualilan Gold Project - Project Execution For personal use only Hualilan Gold Project Aim : Redefine scope to target early cashflow ✓ Reinterpret all existing data and generate 3D model ✓ Structural interpretation and alteration mapping using high resolution satellite data ✓ Initial 2000m dril
Slide 11: El Guayabo Gold/Copper Project – Project Overview
4(a). El Guayabo Gold/Copper Project – Project Overview For personal use only El Guayabo Project – Ecuador (earning 100%) ▪ 10km along strike from a 10 million ounce orebody ▪ A scout drilling program 25 years ago defined multiple targets which were never followed up: • Additional high-grade breccia
Slide 12: El Guayabo Gold/Copper Project – Historical Exploration
4(b). El Guayabo Gold/Copper Project – Historical Exploration For personal use only Sufficient historical exploration to Table Showing Selected Drilling Results from Newmont Exploration confirm opportunity ▪ Newmont (1994-95) and Odin (1996-97) were focused on open cut gold and elsewhere ▪ Programs
Slide 13: El Guayabo Gold/Copper Project – Recent Exploration
4(c). El Guayabo Gold/Copper Project – Recent Exploration For personal use only Recent Exploration work ▪ 3D MT Survey (with IP test lines) covering 16 km2 completed in April 2019 ▪ MMI sampling program covering 16 km2 completed in June 2019 ▪ Extensive surface and alteration mapping program along t
Slide 14: El Guayabo Gold/Copper Project – Geological Model
4(c). El Guayabo Gold/Copper Project – Geological Model For personal use only Porphyry Porphyry Target Target Porphyry Target 14
Slide 15: El Guayabo Gold/Copper Project – Geophysics Program
4(c). El Guayabo Gold/Copper Project – Geophysics Program For personal use only Historical drilling results – 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) Projected gol
Slide 16: El Guayabo Gold/Copper Project – Recent Exploration
4(c). El Guayabo Gold/Copper Project – Recent Exploraiton For personal use only Historical drilling results – 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 350m
Slide 17: El Guayabo Gold/Copper Project – Project Execution
4(d). El Guaybo Gold/Copper Project – Project Execution For personal use only El Guayabo Gold/Copper Project Define targets and complete first drilling ✓ Channel sampling of the adit and artisanal workings > 1km of underground exposure of the system which has never been systematically mapped or samp
Slide 18: Karoo Basin Gas Project – Project Overview
5. Karoo Basin Gas Project – Project Overview For personal use only Karoo Basin Project - (Shale Gas) South Africa – 100% ▪ World-class shale gas province ▪ recoverable resource estimate: 390 trillion cubic feet (tcf) (US EIA, June 2013) ▪ ranked eighth-largest basin for shale gas reserves globally
Slide 19: Summary
6. Summary For personal use only • Three world class projects with significant potential • Historical resource, exploration potential and in place infrastructure at Hualilan Gold Project • Targeting near term cashflows at Hualilan Gold Project • Exciting near surface Porphyry targets at El Guayabo •
Slide 20: For personal use only
For personal use only ASX : CEL Kris Knauer Scott Funston Elvis Jurcevic CEO & Managing Director CFO & Finance Director Media Enquiries +61 411 885 979 +61 413 867 600 +61 408 268 271 kris.knauer@challengerex.com Scott.funston@challengerex.com ej@irxadvisors.com CHALLENGER EXPLORATION LIMITED ACN 12
Slide 21: APPENDIX – Cerro Norte Plan View
APPENDIX 1 – Cerro Norte Plan View For personal use only 21
Slide 22: APPENDIX – Cerro Sur Plan View
APPENDIX 1 – Cerro Sur Plan View For personal use only 22
Challenger Exploration — 121 Mining Investment Hong Kong 2019 on 6ix