Chalice Mining Limited · ASX:CHN
Chalice Mining — Chalice Gold Mines — Shareholder Meeting (November 2010)
21 slides from Chalice Mining's shareholder meeting presentation, Nov 25, 2010
Slide 1: Annual General Meeting
For personal use only Annual General Meeting 25 November 2010 www.chalicegold.com
Slide 2: Disclaimer and Competent Persons Statement
Disclaimer and Competent Persons Statement This presentation may contain value references and "forward looking statements“ which are subject to various risks and For personal use only uncertainties that could cause actual results and future events to differ materially from those expressed or implied
Slide 3: Corporate Snapshot and Capability
Corporate Snapshot and Capability For personal use only Capital Structure ASX: CHN; TSX: CXN Share price A$0.62 Shares on issue 211 million Market capitalisation ~A$130 million Options on issue 13.1 million Debt - Cash A$14m Board Substantial Shareholders Tim Goyder Executive Chairman Franklin Resou
Slide 4: Eritrea Project Snapshot
Eritrea Project Snapshot Chalice is a gold development company in the highly prospective and For personal use only underexplored Arabian-Nubian Shield Chalice is developing the high-grade, low cost Zara Project in Eritrea Feasibility completed, permitting underway Open pit - 760,000oz Ore Reserve @
Slide 5: The Koka Deposit Compared
The Koka Deposit Compared Chalice will be a high grade, low cost producer For personal use only 6 800 750 717 718 5 700 Reserve Grade (g/t) Cash Costs (US$/oz) 4 573 600 532 495 3 500 453 462 426 2 400 338 1 300 - 200 Chalice SEMAFO Perseus Banro Adamus MDL Centamin Avocet Crew Cluff Noble Cash Cost
Slide 6: The Year in Review
The Year in Review For personal use only Merger with Sub-Sahara completed Aug 2009 Acquisition of 11% interest in Zara from Africa Wide Resources Aug 2009 Positive Scoping Study completed – Feasibility Study commences Oct 2009 5,000m infill drilling program completed Feb 2010 Near-mine and r
Slide 7: Where is Eritrea?
6 For personal use only Where is Eritrea?
Slide 8: The Arabian-Nubian Shield
The Arabian-Nubian Shield For personal use only Centamin Sukari Citadel Jabal Sayid 15 year 10 year 500 koz pa Au 61 kt pa Cu La Mancha Hassai Chalice Zara Nevsun 6 year Bisha 156 koz pa + VMS 7 year 104 koz pa Au >10 year Au, Ag, Cu, Zn The Zara Project is located within southern Arabian-Nubian Shi
Slide 9: Arabian-Nubian Shield Companies
Arabian-Nubian Shield Companies For personal use only Chalice set for significant growth Market Capitalisation Growth Company DFS Completion First Production A$2,926 m at Centamin A$646 m 353% Growth last trade A$1,093 m at Nevsun A$386 m 183% Growth last trade Subject to A$1.25 billion Citadel A$53
Slide 10: Zara Project Location
Zara Project Location For personal use only ZARA Bisha 9
Slide 11: The Mine Site
10 For personal use only The Mine Site
Slide 12: Koka Gold Deposit
Koka Gold Deposit Indicated Resource of contained gold For personal use only 840,000 Oz ~600m strike length Probable Reserve of contained gold 760,000 Oz *Both based on 1.2 g/t cut-off 11
Slide 13: Koka Outstanding Returns
Koka Outstanding Returns 160000 900 For personal use only Production 140000 800 Cash Costs (US$/oz) Production (koz) 120000 700 Cash costs 600 100000 500 80000 400 60000 300 40000 200 20000 100 0 0 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 150 Distributions Cash flow to equity 100 Cash Flow
Slide 14: Koka Development Schedule
Koka Development Schedule For personal use only Calendar Year 2010 2011 2012 2013 Quarter Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Maiden Reserve Feasibility Study COMPLETED Release 43-101 TSX listing Zara Permitting Funding Period Construction Pre-Strip First Production 13
Slide 15: ENAMCO Interest
ENAMCO Interest For personal use only ENAMCO has elected to acquire a 30% paid participating interest in Koka (+10% carried interest) Participating interest to be acquired at “fair value” Process undertaken by ENAMCO and Nevsun Resources for the Bisha Project expected to set the precedent ENAMCO to
Slide 16: Exploration Potential
Exploration Potential For personal use only Zara North BLEG & -80# gold anomalies Rock-chips to 11 g/t Au Koka 840,000 oz Resource 3D IP Survey Konate Intersections to 7m @ 22.3g/t Fah Soil sampling 2 km 15
Slide 17: Koka 3D IP – Near Mine Targets
Koka 3D IP – Near Mine Targets For personal use only W E 14
Slide 18: Zara North Gold Anomaly
Zara North Gold Anomaly For personal use only 16
Slide 19: Exploration Timeline
Exploration Timeline For personal use only Exploration program to generate strong news flow Calendar Year 2010 2011 Quarter Q2 Q3 Q4 Q1 Q2 Q3 Q4 Induced Polarisation (IP) Survey Aero-Magnetics & Radiometrics Geochemical Sampling & Geological Mapping Drilling 18
Slide 20: Analysts Covering the Chalice Story
Analysts Covering the Chalice Story For personal use only Australia Southern Cross Equities Peter Chapman E: pchapman@sceq.com.au T: +612 9231 0880 Paterson Securities Limited Simon Tonkin E: STonkin@psl.com.au T: +618 9225 2816 Argonaut Limited Troy Irvin E: troy@argonautlimited.com T: +618 9224 68
Slide 21: Chalice Gold Mines
Was chalice GOLD MINES November 2010 www.chalicegold.com CHALICE G Ot oO MtitNe §
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