Chalice Mining Limited · ASX:CHN
Chalice Mining — Chalice Gold Mines — Investor Presentation (April 2020)
35 slides from Chalice Mining's investor presentation, Apr 21, 2020
Slide 1: Corporate Presentation
For personal use only Corporate Presentation 20 April 2020 ASX: CHN | OTCQB: CGMLF
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 isolation as a guide to investing in the Company. Any potential investor should also refer to Chalice Gold Mines Limit
Slide 3: A unique, well-funded exploration specialist
A unique, well- Chalice has proven ability to: funded exploration • Make opportunistic acquisitions 1 For personal use only specialist • Explore for mines and rapidly add value • Divest assets in a disciplined manner Which has created significant value to date… • ~A$107M1 generated from asset sales
Slide 4: Portfolio of district-scale gold and nickel projects in premier terranes of Australia
Chalice’s portfolio includes key district-scale gold and nickel projects in premier terranes of Australia For personal use only Julimar Nickel-Copper-PGE Project, WA • New greenfield nickel-copper-PGE sulphide discovery 1 • 19m @ 8.37g/t Pd, 2.59% Ni, 1.04% Cu, 0.14% Co in 1st hole • 100% owned, lar
Slide 5: Tight capital structure and strong financial position
We have a tight capital structure Capital Structure and Financials and a strong financial position Equity listings Shares Out. 274.1M Market capitalisation2 ASX: CHN Shares (F/D) 296.9M ~A$330M (@ A$1.20ps) OTCQB: CGMLF For personal use only Top Shareholders1 Tim Goyder (Chairman) Working Capital &
Slide 6: Dynamic group of accomplished mine finders and commercial managers
We are a dynamic group of accomplished mine finders and sound commercial managers For personal use only We have people who know People who know how to finance and how to find mines… commercialise them Dr Kevin Frost Tim Goyder GM – Exploration, BSc (Hons) PhD MAIG Executive Chairman • Co-recipient o
Slide 7: Julimar Nickel-Copper-PGE Project, Western Australia
Drilling discovery hole JRC001 at Julimar Ni-Cu-PGE Project, Mar-2020 Julimar Nickel- Copper-PGE Project For personal use only Western Australia 7
Slide 8: High-grade Ni-Cu-Pd sulphide intersected in first drill hole at Julimar
High-grade nickel-copper-palladium sulphide intersected in the first drill hole at Julimar, an unexplored intrusive complex ~70km NE of Perth For personal use only • ~1 hour drive NE of Perth, with direct access to major highway, rail, power and port infrastructure • ~26km x 7km layered ultramafic-m
Slide 9: Discovery hole targeted MLEM conductor and intersected wide high-grade zone
The discovery hole at Gonneville targeted a strong, discrete MLEM conductor and intersected a wide high-grade Ni-Cu-Pd zone from 44m For personal use only • JRC001 intersected: • 33m @ 6.5g/t Pd, 0.7g/t Pt 1.6% Ni, 0.7% Cu, 0.1% Co from 44m, incl. • 13m @ 8.85g/t Pd, 1.09g/t Pt 3.15% Ni, 1.19% Cu in
Slide 10: Two parallel high-grade Ni-Cu-Pd zones, both open
Two parallel high-grade Ni-Cu-Pd zones identified thus far, both remain open along strike and at depth For personal use only • JRC006, 60m east of discovery hole JRC001, intersected: • 41m @ 2.6g/t Pd, 0.4g/t Pt, 0.5% Ni, 0.4% Cu, 0.03% Co from 39m (sulphide) to limit of assays, including: • The new
Slide 11: Parallel zones have steep westerly dip and remain open
The parallel high-grade Ni-Cu-Pd zones have a steep westerly dip and remain wide open For personal use only JD002 massive sulphides at ~49.5m (assays pending) JD002 matrix/net-textured sulphides at ~90.5m (assays pending) 11
Slide 12: Inversion modelling indicates prospective geometry
Inversion modelling indicates a highly prospective geometry, with similarities to globally significant magmatic Ni-Cu+/-PGE sulphide deposits For personal use only Julimar Nickel-Copper-PGE Project Gonneville Intrusive – Aeromagnetic Inversion 3D Model • Gonneville Plan View April 2020 modelled as a
Slide 13: Strong commercial drivers for exploration
The Project has strong A new Ni-Cu-PGE province in unrecognised complex commercial drivers for +++ → never explored for magmatic sulphides exploration For personal use only Located on Perth’s doorstep +++ → direct access to established infrastructure in a tier-1 mining jurisdiction Chalice has expan
Slide 14: Pyramid Hill Gold Project, Victoria
Drilling at Pyramid Hill Gold Project, Oct-2019 Pyramid Hill Gold Project For personal use only Victoria 14
Slide 15: Why the Bendigo gold district of Victoria?
Why the Bendigo gold district of 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
Slide 16: Staked >5,000km2 essentially unexplored land holding
Chalice has staked a >5,000km2 essentially unexplored land holding surrounding two world-class gold deposits For personal use only 143.5° 144.5° Interpreted Faults Murray River Basement outcrop limit Chalice is in good company in the district, with Pyramid Hill Gold Project Bendigo Zone the entire N
Slide 17: Gold deposits controlled by regional scale faults continuing into Chalice tenure
The major 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 Melbour
Slide 18: 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 Outcropping dispersion footprints Under cover Arsenic (we are close) ~9 Drill Line 1 Antimony (getting warmer) Line 2 Gold! Line 3 A Gold System!! Identifying contin
Slide 19: 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 143.5° • Our Project covers hundreds of kilometres of 144.5° Interpreted Faults Murray River prospective strike: Basement outcrop limit Bendigo Pyramid Hill Gold Project Zone • Muckleford (>
Slide 20: Pyramid Hill key results to date
Drilling at Pyramid Hill Gold Project, Feb-2020 Pyramid Hill Gold Project For personal use only Key results to date 20
Slide 21: Karri Prospect: first diamond hole intersected wide primary gold zone
1. KARRI PROSPECT First diamond drill hole intersected a wide zone of primary gold suggesting a significant gold system below the >4km long gold trend For personal use only OPEN Muckleford 768,000mE 766,000mE Area N • ~Maiden 7 hole diamond program for Karri structure / geology in progress Ironbark
Slide 22: Karri gold zone associated with tight upright fold hinge
1. KARRI PROPSECT The gold zone is associated with a tight upright fold hinge – a characteristic feature of the large gold systems in the Bendigo Zone For personal use only 22
Slide 23: Karri gold footprint indicates potential for sizeable gold system
1. KARRI PROPSECT The gold footprint at Karri indicates the potential for a sizeable gold system beneath → the size of the prize is significant For personal use only OPEN N ~9Moz Fosterville Karri Target OPEN OPEN Gold Mine Plan View Plan View Scale Comparison Swan Zone1 ~2.3Moz @ ~50g/t Au >1.0g/t
Slide 24: Ironbark Target: two large diorite intrusions identified
2. IRONBARK TARGET Two distinct, large diorite intrusions identified at the Ironbark Target; up to 3g/t gold intersected in the first AC drill holes For personal use only 764,000 mE 765,000 mE Karri 766,000 mE Muckleford Area • ~100 vertical AC holes completed to 4m @ 0.21g/t f/ ~22km 124m to EOH da
Slide 25: Gold in Ironbark diorites is first in the Bendigo Zone
2. IRONBARK TARGET High-grade gold in diorite is common in Eastern Victoria, however Chalice’s discovery of gold in the Ironbark diorites is the first in the Bendigo Zone For personal use only Pyramid Hill Gold Project • Gold in the diorites and 763,925mE 764,800mE Ironbark North Target – Cross Sect
Slide 26: Pyramid Hill highly prospective but essentially unexplored
Highly prospective but essentially unexplored The Pyramid Hill Gold Project +++ → a new opportunity with huge upside and no legacy brownfield issues has strong commercial drivers For personal use only for exploration High-grade district + operating mines nearby +++ → strong commercial drivers for ex
Slide 27: So why invest in Chalice?
So why invest in Chalice? For personal use only RC/diamond drilling at new Ni-Pd discovery in WA + 1 2 diamond rigs drilling in Vic – all prospects have significant scale potential ~A$25M in working capital and investments 2 (~A$0.09ps)1 – we are well funded >A$100M generated from asset sales, ~A$36
Slide 28: Thank You
For personal use only Thank You Level 2, 1292 Hay Street, West Perth WA 6005, Australia +61 8 9322 3960 info@chalicegold.com www.chalicegold.com linkedin.com/company/chalice-gold-mines twitter.com/chalicegold ASX : CHN | OTCQB: CGMLF
Slide 29: Strategy: systematically acquire and explore in premier terranes
STRATEGY Our strategy is to systematically acquire and explore in premier terranes; aiming to address the rapid decline in tier-1 scale discoveries worldwide For personal use only Exploration Expenditures and Primary Gold discovered globally Tier-1 scale discoveries (>US$1bn NPV) now represent only
Slide 30: Company history
COMPANY HISTORY Since our 2006 IPO, we have acquired well, advanced projects quickly and generated >A$100M in after-tax proceeds1 from asset sales For personal use only 2012 Zara Gold Project in 2006 Eritrea sold for 2016 $7.5M raised in IPO ~US$114M (pre-tax) Cameron 2018 on ASX to progress 2009 Go
Slide 31: Portfolio of projects, royalties, investments and non-operated JVs
PORTFOLIO Chalice’s portfolio includes key district-scale gold and nickel projects as well as several royalties, investments and non-operated JVs For personal use only Australia King Leopold Warrego North Copper-Gold Project Nickel Project (70-100%) (85-100%) Flinders River Royalties Vanadium Projec
Slide 32: Case study: Gold Road Resources
CASE STUDY Gold Road Resources (ASX: GOR) started with greenfield exploration in an underexplored belt and are now a >A$1Bn company For personal use only Gold Road (ASX: GOR) Share Price (A$) 1.80 • The Gruyere discovery was located HIGH 1.625 1.60 Mining in a similar underexplored yet Feasibility C
Slide 33: King Leopold Nickel Project, Western Australia
King Leopold field reconnaissance, Jun-2019 King Leopold Nickel Project For personal use only Western Australia 33
Slide 34: King Leopold Nickel Project covers 1,800km2 in frontier province
The King Leopold Nickel 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 50km magmatic Ni-Cu-Co sulphide deposits 8,200,000mN N • Minimal modern expl
Slide 35: Immediate focus is the Ruins Area with defined 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
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