Challenger Gold Limited · ASX:CEL
Challenger Gold — Challenger Exploration — Investor Presentation (September 2022)
24 slides from Challenger Gold's investor presentation, Sep 9, 2022
Slide 1: $25 million Capital Raise (September 2022)
For personal use only ASX: CEL $25 million Capital Raise (September 2022) Hualilan Gold Project : Cerro Sur looking north to Cerro Norte Challenger Exploration Limited Argentina and Ecuador Gold / Copper Projects 1
Slide 2: Important Notices and Disclaimer
IMPORTANT NOTICES AND DISCLAIMER For personal use only 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 documentation and only to investors me
Slide 3: Challenger Exploration Snapshot
CHALLENGER EXPLORATION SNAPSHOT Two significant discoveries, both with grade and scale, in Ecuador and Argentina provide strategic flexibility For personal use only • Hualilan Gold Project (100% - San Juan) - 2.1 Moz1 resource open in all directions • High-grade skarn overlying a large previously un
Slide 4: Capital Raising – Overview
CAPITAL RAISING – OVERVIEW A$24.71 million capital raise to fund key milestones over the next 12 months For personal use only Structure & Size • Issue of Convertible Debentures to QRC to raise approximately A$221 million (US$15million) (A$24.6 million) • CEL's largest shareholder commits to a $2.6m
Slide 5: Key Milestones Over the Next Months
KEY MILESTONES OVER THE NEXT 12 MONTHS Capital raise allows the delivery of several significant and value accretive milestones over the next 12 months For personal use only Hualilan Gold Project, Argentina El Guayabo Project, Ecuador • Long lead items such as start of camp construction: • Ongoing Dr
Slide 6: Company Strategy
COMPANY STRATEGY - Funded to complete key milestones in Argentina and Ecuador and create value for CEL shareholders 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
Slide 7: We Have Not Just Been Exploring in San Juan
WE HAVE NOT JUST BEEN EXPLORING IN SAN JUAN We are part of the local community which will assist us as CEL transitions from exploration to development For personal use only • CEL has been in Argentina 3 years with many outcomes beyond exploration Some of the Challenger Exploration Team at Hualilan ▪
Slide 8: Building a District Scale Footprint at Hualilan
BUILDING A DISTRICT SCALE FOOTPRINT AT HUALILAN Discoveries like Hualilan seldom occour in isolation For personal use only • We are building towards a district scale 600 km2 footprint: Hualilan Project Tenement Status ▪ 235 sqkm formally granted to CEL Formerly Granted ▪ 329 sqkm pending grant – reg
Slide 9: Geology – High-Grades Over 3.5 km
GEOLOGY – HIGH-GRADES OVER 3.5 KM Large-scale intrusion-hosted gold system underlying a high-grade skarn For personal use only Sentazon Sulphides logged Flor de Hulailan Adit 13.0m at 15.5 g/t AuEq inc 8.5m at 21.9 g/t AuEq GNDD-316(Ext) drilled after the MRE cut-off date. Intersected the Main Senta
Slide 10: Interim Resource Estimate (126,000 of 204,000m drilling)
INTERIM RESOURCE ESTIMATE (126,000 of 204,000m drilling) Dial in your preferred grade – grade tonnage distribution provides significant flexibility • Interim Resource of 2.1 million ounces1 at a discovery cost of US$8.20/Oz: For personal use only Cut-off Tonnes AuEq Cut Ounces ▪ High-grade: 6.3 Mt a
Slide 11: Significant Potential to Increase the MRE
SIGNIFICANT POTENTIAL TO INCREASE THE MRE Mineralisation remains open in all directions and top cuts used were conservative For personal use only Five key focus areas for resource extension drilling Sentazon Components of the Interim Hualilan Resource Estimate 1. North of the Sanchez Fault – produci
Slide 12: Flor De Hualilan – 2.1Moz and growing
Flor De Hualilan 2.1Moz and growing For personal use only
Slide 13: Magnata Fault Zone Type Section
MAGNATA FAULT ZONE TYPE SECTION Fault zones extend over 500 metres vertically and remain open at depth For personal use only Magnata Fault (Central) • Contribution to the MRE: Sulphides logged i. Open Pit – 370,000 Oz (Verde Zone) ii. Underground – 35,000 Oz iii. Total - 404,000 Oz • Mineralisation
Slide 14: Northern Margin of the Verde Zone
NORTHERN MARGIN OF THE VERDE ZONE - Mineralisation strong and open to the north based on visual infill results For personal use only Verde Zone • Contribution to the MRE: i. Open Pit – 631,000 Oz ii. Underground – 83,000 iii. Total - 714,000 Oz • Open to the north along strike and open at depth. Thi
Slide 15: A Far Bigger Play Than Extending Within 3.5km Strike
A FAR BIGGER PLAY THAN EXTENDING WITHIN 3.5KM STRIKE Exploration has only focussed on one side of the intrusion responsible for Hualilan For personal use only Processing of surface magnetic data indicates there are at least five major intrusive ATE supports the concept that centres the same 3 age as
Slide 16: El Guayabo/Colorado V Project, Ecuador
For personal use only El Guayabo/Colorado V Project Ecuador
Slide 17: El Guayabo Au-Cu Project Overview
Cangrejos Deposit EL GUAYABO Au-Cu Project Overview - 21.8 Moz at 0.6 g/t AuEq - Gold with Cu, Ag, Mo credits Phase #1 Exploration Drilling at El Guayabo and Colorado V (2021-2022) - 500,000 Oz AuEq production1 - ASIC US$604 Oz1 1 Source Lumina Gold (TSX: LUM) PEA June 2020 For personal use only • 5
Slide 18: 25,000 Metre Resource Drill Out on 100% Owned Ground
25,000 METRE RESOURCE DRILL OUT ON 100% OWNED GROUND Consistent zone of high-grade Au-Cu-Ag within the main body of mineralisation in the GY-A Discovery zone For personal use only • 25,000m resource drill out will Area of MRE drill out focus on GY-A anomaly. ~ 900m strike GY-A • GY-A contains the si
Slide 19: Colorado V Drill Program Update
Cangrejos Deposit COLORADO V DRILL PROGRAM UPDATE - - 21.8 Moz AuEq at 0.6 g/t AuEq Gold with Cu, Ag, Mo credits First drill holes produce two significant gold discoveries - 500,000 Oz AuEq production1 - ASIC US$604 Oz1 For personal use only • Initial drilling focussed on CV-A and 1 Source Lumina Go
Slide 20: Appendix Hualilan Gold Project Mineral Resource Estimate
For personal use only Appendix 1 Hualilan Gold Project Mineral Resource Estimate
Slide 21: Hualilan Gold Project - Mineral Resource Estimate
HUALILAN GOLD PROJECT - MINERAL RESOURCE ESTIMATE Interim JORC 2012 Compliant MRE released July 1st 2022 For personal use only Mineralisation Mt Au Ag Zn Pb Au Eq 15.6m at 71.7 g/t AuEq Style (0.25 g/t AuEq cut-off) (g/t) (g/t) (%) (%) (g/t) (SNV10-01) Skarn (limestone hosted) 6.3 4.4 19.4 2.0 0.2 5
Slide 22: Hualilan Gold Project (before shot)
Hualilan Gold Project (before shot) GNDD-002 being drilled For personal use only
Slide 23: Hualilan Gold Project (after shot)
For personal use only Hualilan Gold Project (after shot) View north from the Magnata Fault to the Verde Zone (GNDD-700 being drilled)
Slide 24: 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
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