Chalice Mining Limited · ASX:CHN
Chalice Mining — Chalice Gold Mines — Investor Presentation (August 2019)
37 slides from Chalice Mining's investor presentation, Aug 22, 2019
Slide 1: Corporate Presentation August 2019
For personal use only Drilling at Pyramid Hill Gold Project Jan-2019 Corporate Presentation August 2019 ASX : CHN | TSX: CXN | 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 business
District-scale exploration projects in high-grade A unique, well- provinces of Australia funded exploration 1 • Targeting tier-1 (>US$1bn NPV) discoveries For personal use only business • Gold undercover in Nth Bendigo Zone (Victoria) • Nickel sulphides in frontier west Kimberley (WA) Strong financi
Slide 4: The O3 Mining transaction further strengthens Chalice's balance sheet
The O3 Mining transaction further strengthens Chalice’s balance sheet and allows the company to focus on its opportunities in Australia For personal use only Quebec projects sale Key terms Benefits for Chalice • East Cadillac and Kinebik • C$12 million in O3 Mining • Maintain upside exposure Gold Pr
Slide 5: Two District-Scale, High Potential Projects in Australia
Two District-Scale, High Potential Projects in Australia For personal use only 1 Pyramid Hill Gold Project 2 King Leopold Nickel Project Location Bendigo, Victoria Location Kimberley, Western Australia Acquisition 2017 (staked) Acquisition 2019 (purchase + staked) Area ~5,140km2 Area ~1,800km2 Owner
Slide 6: Pyramid Hill Gold Project, Victoria
Drilling at Pyramid Hill Gold Project, Dec-2018 Pyramid Hill Gold Project For personal use only Victoria 6
Slide 7: Pyramid Hill is located in the hotly contested Bendigo Zone of Victoria
Pyramid Hill is located in the hotly contested Bendigo Zone of Victoria – a region that has produced >60Moz of high-grade gold For personal use only N • >60Moz of gold production has come from 50km outcropping (easier to find) areas in the South Bendigo Zone, at an average grade of ~15g/t Au • The h
Slide 8: Kirkland Lake's Fosterville has placed the district back on the global map
Kirkland Lake’s Fosterville has placed the district back on the global map thanks to bonanza gold grades and ultra-low production costs For personal use only Fosterville Mineral Reserves History 2019 op. cash costs guidance Current Mineral Reserve Ultra-high grade 31.0 Swan Zone US$130- Grade Au (g/
Slide 9: Chalice is positioned well in this underexplored district
Chalice is positioned well in this exciting, underexplored district, with a ~5,140km2 land holding near Fosterville and Bendigo For personal use only Muckleford Area Land use is predominantly low intensity agriculture • NW of historic ~22Moz Bendigo (mix of crops and grazing) high-grade Bendigo Staw
Slide 10: Chalice has defined several large targets under thin cover
Chalice has defined several large targets under thin cover within the prospective and underexplored northern Bendigo Zone For personal use only NSW VIC Four Eagles Northern Bendigo Zone Karri Tandarra Fosterville Melbourne Beech Ironbark Sebastian Zone Bendigo Chalice Gold Target Advanced Gold Prosp
Slide 11: Several gold zones in basement intersected at Karri and Ironbark Targets
Several gold zones in basement have been intersected at the strike-extensive Karri and Ironbark Targets – 23km step-out AC drilling to commence Q3 2019 For personal use only Karri Target (50-70m cover) Ironbark Target (25-75m cover) Muckleford Area • ~39km of shallow recon AC Campbelltown Fault OPEN
Slide 12: Initial results at Karri indicate a typical Bendigo Zone style target
Initial results at Karri indicate a typical Bendigo Zone style target with a potentially significant footprint – the size of the prize is significant For personal use only Karri Target ~22Moz Bendigo Goldfield OPEN N Bendigo Goldfield outline >8Moz Fosterville ~350m wide zone with >25ppb Au + proxim
Slide 13: Anomalous gold zone intersected at the Ironbark Target
A ~650m wide zone of anomalous gold and pathfinders has been intersected at the Ironbark Target, coincident with a >300m diameter diorite intrusion For personal use only • Petrography confirmed the intrusion as a highly prospective Fe-rich diorite • Hole 245 hit gold bearing quartz veining and sulph
Slide 14: Catalyst Metals has shown high-grade discoveries undercover can drive value
Catalyst Metals (ASX: CYL) have shown that high-grade discoveries undercover in this area can drive significant value for shareholders For personal use only Catalyst Metals (ASX: CYL) Share Price (A$) 2.50 HIGH 2.40 • Catalyst’s EV has increased from Hancock ~A$30M to ~A$160M 2.25 St Barbara Limited
Slide 15: King Leopold Nickel Project, Western Australia
King Leopold field reconnaissance, Jun-2019 King Leopold Nickel Project For personal use only Western Australia 15
Slide 16: The King Leopold Nickel Project covers 1,800km2 in the west Kimberley
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 • Frontier province highly prospective for 50km magmatic Ni-Cu-Co sulphide deposits • Minimal modern exploration • 2015 Merlin discovery by Buxton WA
Slide 17: Immediate focus is exploring areas east of Merlin discovery
Chalice’s immediate focus is exploring areas east of Merlin discovery, where several nickel sulphide targets have already been defined For personal use only • Merlin hosts drill intercepts with grades up to 8.14% Ni, 5.26% Cu and 0.69% Co → Ruins Dolerite hosts high-grade Merlin Ni-Cu-Co sulphides (
Slide 18: MLEM at the Ephesus Target identified two high priority EM conductors
MLEM at the Ephesus Target identified two high priority EM conductors; targets to be drill tested in Sept 2019 For personal use only 665,000mE 666,000mE Depth to Length Depth Conductance N Plate ID top (m) (m) Extent (m) (Siemens) A 163 315 60 4,850 2 x ~5,000S shallow discrete conductors B 92 100 3
Slide 19: Corporate
For personal use only Corporate 19
Slide 20: Corporate snapshot
Corporate snapshot For personal use only Capital Structure and Financials Top Shareholders Equity listings & tickers ASX: CHN | TSX: CXN | OTCQB: CGMLF ASX Tim Goyder (Exec Chairman) 17% Shares – on issue 274.1M TSX Shares – fully diluted 294.6M Franklin Templeton 12% Market capitalisation ~A$53M (@
Slide 21: Company Highlights
Company Highlights For personal use only Active exploration on large-scale, high 1 grade gold & nickel sulphide targets 2 ~A$33M in working capital (~A$0.12ps) >A$100M generated from asset sales – team 3 with a solid track record 21
Slide 22: 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 22
Slide 23: Appendix
For personal use only Appendix 23
Slide 24: Our strategy is to explore greenfield terranes in premier jurisdictions
STRATEGY Our strategy is to explore greenfield terranes in premier jurisdictions; aiming to address the rapid decline in tier 1 discoveries worldwide For personal use only Exploration Expenditures and Primary Gold discovered globally Tier 1 discoveries (>US$1bn NPV) now represent only ~2% of all dis
Slide 25: Board and management team
Board and management team For personal use only Tim Goyder, Executive Chairman • 40+ year industry veteran • Long track record of success as an investor, entrepreneur and company director • Largest shareholder of Chalice (~17%) Dr Kevin Frost, GM – Exploration, BSc (Hons) PhD MAIG • Geologist with 3
Slide 26: Portfolio of generative exploration opportunities, JVs, royalties and investments
PORTFOLIO Chalice’s portfolio also includes several generative exploration opportunities, non-operated JVs, royalties and investments For personal use only Australia King Leopold Warrego North Nickel Project Copper-Gold Project (70-100%) (85-100%) Flinders River Vanadium Project (100%) Royalties • N
Slide 27: Company history and track record
COMPANY HISTORY & TRACK RECORD Our track record is sound; we have acquired well, advanced projects quickly and generated A$100M+ in after-tax proceeds from sales For personal use only Refined strategy to Zara Gold Project in Eritrea sold for focus on early- Zara Gold Project stage $7.5M raised in IP
Slide 28: Appendix: Pyramid Hill Gold Project, Victoria
For personal use only Appendix Pyramid Hill Gold Project, Victoria 28
Slide 29: Commenced activities in Victoria in Q2 2018, targeting a 5Moz+ discovery
PYRAMID HILL GOLD PROJECT We commenced activities in Victoria in Q2 2018 and are in the reconnaissance phase, targeting a 5Moz+ gold discovery undercover For personal use only Mar 2018 Additional 1700km2 staked Pre-Chalice (Muckleford expansion Nov 2018 – July 2019 Minimal modern and Mt William) May
Slide 30: Gold deposits of the Bendigo Zone are controlled by major regional faults
PYRAMID HILL GOLD PROJECT The gold deposits of the Bendigo Zone are controlled by major regional faults in a N-S orientation For personal use only • Conformable linear trends of gold occurrences associated with N-S trending, steep westerly dipping regional faults • Basement host rocks comprise turbi
Slide 31: Bendigo Zone gold deposits are from the same class of orogenic gold deposits
PYRAMID HILL GOLD PROJECT The Bendigo Zone gold deposits are from the same class of orogenic gold deposits but show subtle differences related to structure & host rock control For personal use only Schematic Cross Section Longitudinal Section N Bendigo Fosterville 31 Fosterville Bendigo Source: Fost
Slide 32: Historically neglected northern Bendigo Zone basement under Murray Basin cover
PYRAMID HILL GOLD PROJECT The historically neglected northern Bendigo Zone basement resides under Murray Basin cover, presenting a sizeable exploration opportunity For personal use only • The continuation of the Bendigo Zone geology to the north under cover is well established • The major regional f
Slide 33: The 2007 Gold Undercover Report outlined the discovery potential undercover
PYRAMID HILL GOLD PROJECT The 2007 Gold Undercover Report outlined the huge discovery potential undercover – prior to Fosterville Swan Zone discovery For personal use only Parameter P90 P50 (mean) P10 No. of significant 15 25 32 goldfields undercover Undiscovered gold 9 32 58 endowment (Moz) • Monte
Slide 34: Wide-spaced shallow AC drilling aims to hit alteration halos
PYRAMID HILL GOLD PROJECT Wide-spaced shallow AC drilling aims to hit alteration halos and secondary dispersion zones in basement, which typically surround gold zones in Victoria For personal use only Conceptual cross section along phase 1 drill lines (representative scale) ~100m Secondary dispersio
Slide 35: Reconnaissance AC drilling has identified four large-scale targets
PYRAMID HILL GOLD PROJECT Reconnaissance AC drilling has identified four large-scale targets to date on the Muckleford Area For personal use only 1. Karri: shallow gold intersections up to 0.66g/t Au over ~15km of strike, under 50-70m of Murray Basin cover, ~20km west of Four Eagles 2. Ironbark: sha
Slide 36: Appendix: King Leopold Nickel Project, WA
For personal use only Appendix King Leopold Nickel Project, WA 36
Slide 37: Airborne EM survey at the King Sound Area has identified strong EM anomalies
KING LEOPOLD NICKEL PROJECT Airborne EM survey at the King Sound Area has identified a number of strong EM anomalies which require further investigation For personal use only 675,000mE 682,500mE N ~8km Ruins Dolerite outcrop Several EM anomalies defined 8,122,500mN • SkyTEM airborne survey completed
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