Chalice Mining Limited · ASX:CHN
Chalice Mining — Chalice Gold Mines — Investor Presentation (August 2020)
38 slides from Chalice Mining's investor presentation, Aug 17, 2020
Slide 1: Corporate Presentation – 17 August 2020
For personal use only Exciting new Ni-Cu-PGE discovery in WA and an emerging gold province in Vic Corporate Presentation – 17 August 2020 ASX: CHN | OTCQB: CGMLF
Slide 2: Forward looking statements and disclosures
Forward looking statements and disclosures 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 Limited Annual Reports, fil
Slide 3: We have a proven generative model
We have a proven generative model: A unique, well- 1 • Acquire, discover and define mines funded exploration • Progress and divest assets with discipline For personal use only specialist An excellent track record: • A major greenfield PGE-Ni-Cu-Co discovery in WA 2 • ~A$110M1 generated from asset sa
Slide 4: Chalice's portfolio: Julimar discovery and two other district-scale projects
Chalice’s portfolio includes an exciting new discovery in the new West Yilgarn Ni-Cu-PGE Province in WA, as well as two other district-scale projects For personal use only Julimar Nickel-Copper-PGE Project, WA • New greenfield PGE-nickel-copper-cobalt sulphide discovery 1 • 19m @ 8.4g/t Pd, 2.6% Ni,
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. 307.5M Market capitalisation ASX: CHN Shares (F/D) 325.1M ~A$324M (@ A$1.06ps) Top Shareholders1 OTCQB: CGMLF For personal use only Tim Goyder (Chairman) Long term holder si
Slide 6: Julimar Nickel-Copper-PGE Project
JD006 core specimen at Julimar Ni-Cu-PGE Project, Jun-2020 Julimar Nickel- Copper-PGE Project For personal use only Western Australia 6
Slide 7: High-grade PGE-Ni-Cu-Co intersected in the very first drill hole at Julimar
High-grade PGE-Ni-Cu-Co intersected in the very first drill hole at Julimar, uncovering a remarkable new discovery in a completely new province For personal use only • ~1 hour drive NE of Perth, with direct access to major highway, rail, power and port infrastructure • ~26km layered ultramafic-mafic
Slide 8: Gonneville Intrusion is a ~1.6km x 0.7km chonolith
The Gonneville Intrusion is a ~1.6km x 0.7km ‘chonolith’ – a favourable geometry for large-scale orthomagmatic sulphide deposits globally For personal use only Gonneville Intrusion – Magnetic / Gravity Inversion Model, Drilling and new SQUID EM Conductors ~24km of Julimar Complex within State Forest
Slide 9: Gonneville is an exceptional new PGE-nickel-copper-cobalt discovery
Gonneville is an exceptional new PGE-nickel-copper-cobalt discovery with the potential to deliver a world-class deposit For personal use only • High-grade massive / matrix sulphide zones: • Up to ~30m wide over a ~400m x ~300m area • Grade range of 3-15g/t PGE-Au, 0.5- 3.3% Ni, 0.4-4.5% Cu, 0.03-0.2
Slide 10: Three high-grade zones recently extended with new wide intercepts
Three high-grade zones recently extended with new wide intercepts, adding significant potential down-dip of G1 and along the footwall contact For personal use only G1 Zone – the discovery zone: • ~5-40m wide • 400m strike x up to 340m dip • Potentially widening at depth • Open at depth and to the so
Slide 11: Four high-grade zones remain open; step-out drilling continues
The four high-grade zones remain open and have significant growth potential; step-out drilling continues on a wide 80m x 80m grid For personal use only G1 Zone – the discovery zone: • ~5-40m wide • 400m strike x up to 340m dip • Potentially widening at depth • Open at depth and to the south G2 Zone:
Slide 12: High-grade G1 Zone continuous over ~400m of strike and ~340m dip
The high-grade G1 Zone is continuous over ~400m of strike and ~340m of dip extent and hosts shallow Pd-Ni rich sulphides For personal use only JD002 massive sulphides at ~49.5m (pyrrhotite-pentlandite-chalcopyrite) JD002 matrix/net-textured sulphides at ~90.5m (pyrrhotite-pentlandite-chalcopyrite) 1
Slide 13: G1 Zone appears to be widening down-dip to the west
The G1 Zone appears to be widening down-dip to the west, and remains open at depth and open along strike to the south For personal use only G1 Zone specimen samples from JD013 (239-264m) – all assays pending 13
Slide 14: High-grade PGE-Cu-Au dominant G4 Zone
The high-grade PGE-Cu-Au dominant G4 Zone appears to be associated with the highly prospective footwall contact of Gonneville Intrusion For personal use only G4 Zone core photos from JD005 (314-321m), ~80m south of JD006 – 10.1m @ 2.9g/t Pd, 0.6g/t Pt, 1.2g/t Au, 0.1% Ni, 1.3% Cu, 0.01% Co 14
Slide 15: Wide PGE-Ni-Cu intervals indicate potential for a very large-scale deposit
The wide PGE-Ni-Cu intervals intersected in every drill hole to date indicate the potential for a very large-scale deposit For personal use only 15
Slide 16: Julimar Complex extends a further ~24km north-east, yet to be explored
The Julimar Complex extends a further ~24km north-east of Gonneville and is yet to be explored (access pending) For personal use only • Vast majority of the Julimar Complex lies within the Julimar State Forest • Entire complex on Chalice’s granted tenure • Approval process to gain access underway •
Slide 17: Strong demand growth driving palladium to record highs
Strong demand growth and lack of new sources of supply is driving the critical metal Palladium to record highs For personal use only The Platinum Group Elements (PGE): Palladium Market • Pd in deficit for nine consecutive years – recent record price of US$2,856/oz reached in Feb 2020 • Demand growth
Slide 18: Accelerated drilling and metallurgical testwork aiming for maiden Mineral Resource by June 2021
Accelerated drilling and metallurgical testwork program underway – aiming to define a maiden Mineral Resource by June 2021 For personal use only 2020 Jul Aug Sept Oct Nov Dec Julimar Project, WA Access Approvals Julimar State Forest CMP Stage 1 Julimar State Forest Geophysics DHEM Airborne EM Soil S
Slide 19: Pyramid Hill Gold Project, Victoria
Drilling at Pyramid Hill Gold Project, Oct-2019 Pyramid Hill Gold Project For personal use only Victoria 19
Slide 20: 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 21: 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 • Our Project covers hundreds of kilometres of prospective strike: • Muckleford (>300km) • Mt William (>75km) • Percydale (>40km) • Prior to Chalice most areas essentially un-drilled • Our r
Slide 22: Dispersion of gold and pathfinder metals used to vector towards gold 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 Dispersion footprints of major outcropping gold deposits in Vic Our approach Arsenic (we are close) ~9 Drill Line 1 Antimony (getting warmer) Line 2 Gold! Line 3 A G
Slide 23: Karri Prospect: large gold system at depth below >4km gold trend
1. KARRI PROSPECT Initial geological holes have confirmed a large gold system at depth below the >4km long gold trend at the Karri Prospect For personal use only • Maiden 6 hole diamond program for structure / geology recently completed • First ever test at depth into a ‘blind target’ • All six diam
Slide 24: Initial diamond holes provide compelling targets for next drilling phase
1. KARRI PROSPECT The initial diamond holes have provided compelling targets for the next phase of diamond drilling For personal use only 24
Slide 25: So why invest in Chalice?
So why invest in Chalice? For personal use only The new Ni-Cu-PGE discovery at Julimar in WA has 1 significant scale potential and has opened up a new mineral province – resource drill-out underway Early exploration at the Pyramid Hill Gold Project in Vic 2 has identified exceptional scale targets,
Slide 26: 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 27: The Chalice Story – Appendix
The Chalice Story For personal use only Appendix 27
Slide 28: Company history since 2006 IPO
COMPANY HISTORY Since our 2006 IPO, we have acquired well, advanced projects quickly and generated >A$110M in after-tax proceeds1 from asset sales For personal use only 2012 2020 Zara Gold Project in Major Ni-Cu- Eritrea sold for PGE discovery 2006 ~US$114M (pre-tax) 2016 at Julimar $7.5M raised in
Slide 29: Team
TEAM We are a dynamic and entrepreneurial group of accomplished mine finders and disciplined 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 Exec
Slide 30: 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 31: Portfolio: district-scale projects, royalties, investments and 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: Pyramid Hill Gold Project, Victoria – Appendix
Drilling at Pyramid Hill Gold Project, Oct-2019 Pyramid Hill Gold Project For personal use only Appendix 33
Slide 34: Staked >5,000km2 unexplored land holding surrounding two world-class gold deposits
Chalice has staked a >5,000km2 essentially unexplored land holding surrounding two world-class gold deposits For personal use only Chalice is in good company in the district, with the entire Northern Bendigo Zone essentially consolidated by a handful of majors and juniors… … the success of Fostervil
Slide 35: Major 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 36: King Leopold Nickel Project, Western Australia
King Leopold field reconnaissance, Jun-2019 King Leopold Nickel Project For personal use only Western Australia 36
Slide 37: King Leopold covers 1,800km2 in frontier King Leopold Orogen
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 38: Immediate focus is the Ruins Area with nickel sulphide targets defined
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 • 11 airborne EM targets defined by Merlin (IGO-Buxton)
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