Challenger Gold Limited · ASX:CEL
Challenger Gold — Challenger Exploration — Mines and Money APAC 2020
23 slides from Challenger Gold's conference presentation, Jun 23, 2020
Slide 1: Corporate Presentation Mines and Money June 2020
Corporate Presentation Mines and Money | June 2020 | ASX : CEL For personal use only Hualilan Gold Project : Cerro Sur looking north to Cerro Norte Challenger Exploration Limited Argentina and Ecuador Gold / Copper Projects
Slide 2: Important Information
Important Information The release, publication or distribution of this presentation in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this presentation is For personal use only released, published or distributed should inform themselves about an
Slide 3: Summary – two complementary assets being advanced aggressively
Summary – two complementary assets being advanced aggressively For personal use only Our Aspiration is to become a globally significant gold producer which our current assets will support Hualilan Gold Project El Guayabo Gold/Copper Project Argentina – earning 75% Ecuador – earning up to 100% ▪ lock
Slide 4: Corporate Overview – high impact CY2020 program fully funded
Corporate Overview – high impact CY2020 program fully funded For personal use only Corporate Key Executives ASX Ticker CEL Fletcher Quinn Kris Knauer Scott Funston Stuart Munroe Sergio Rotondo Share Price (as at 21 June 22.5c 2020) Chairman CEO CFO Exploration Mgr COO Current Shares on Issue 537m Ov
Slide 5: Hualilan Gold Project - project overview
Hualilan Gold Project - project overview For personal use only ► high grade gold project with historic resource of 627,000 ounces grading 13.7g/t gold #1 Jose Maria Lundin Group ► locked up in a dispute and idle for the past 15 years = no modern exploration Barrick – Shandong Gold ► located in San J
Slide 6: Significant Progress – with material upside in the current program
Significant Progress – with material upside in the current program For personal use only ► 188 historical drill holes for 15,023m from 1984-2006 then a 15 year dispute with ownership fragmented Proposed ► CEL’s maiden 1,500m drill program extremely successful. Proposed Extended mineralisation in mul
Slide 7: The only limit to mineralisation is insufficient drilling
The only limit to mineralisation is insufficient drilling Mineralisation at Hualilan comprises two orthogonal sets of lodes For personal use only Mineralisation outcrops at surface Historical drill holes 04-HD-33, 34 & 35 were all which is controlled by regional east-west faults drilled well behind
Slide 8: We will begin to understand the potential scale of Hualilan in 12 months
We will begin to understand the potential scale of Hualilan in 12 months For personal use only ► mineralisation open in all directions along strike and at depth ► significantly under- drilled with less than 20% of the target structure drilled ► majority of the historical resource lies within 125m of
Slide 9: Project Execution - Hualilan Gold Project
Project Execution - Hualilan Gold Project For personal use only Aggressive Drilling Program to add Ounces followed by development studies once we have critical mass ✓ Initial 1,500m resource extension drill program – successfully extended high-grade mineralisation in multiple directions ? ? ► 7,500m
Slide 10: El Guayabo Gold/Copper Project – project overview
El Guayabo Gold/Copper Project – project overview For personal use only ► 35km2 10km along strike from a 17.7MOz orebody which is going through permitting ► Substantial historical drilling results not followed up in over 25 years: ▪ 156m @ 2.6 g/t Au + 9.7 g/t Ag + 0.2% Cu ▪ 112m @ 0.7 g/t Au +14.7
Slide 11: El Guayabo Gold/Copper Project – geological model
El Guayabo Gold/Copper Project – geological model For personal use only CANGREJOS (17 MOz Au) Porphyry Target Porphyry Porphyry Target Target 11
Slide 12: El Guayabo Gold/Copper Project – geophysics
El Guayabo Gold/Copper Project – geophysics For personal use only Preliminary East-West MT Inversion – DC Resistivity Section (Line07N) Target Western boundary of concession 12
Slide 13: North-South IP Line – images large undrilled mineralised breccia bodies
North-South IP Line – images large undrilled mineralised breccia bodies Historical drilling results For personal use only – 112m @ 0.7 g/t Au +14.7 g/t Ag + 0.6% Cu; – 116m @ 0.6 g/t Au + 8.9 g/t Ag + 0.4% Cu; – 215m @ 0.2 g/t Au + 9.6 g/t Ag + 0.4% Cu (inc 83m @ 0.2 g/t Au + 14.9 g/t Ag + 0.5% Cu)
Slide 14: Land position increased 830% providing regional scale
Land position increased 830% to 35 sq. kms providing regional scale For personal use only Colorado V Concession – 23.3 square kilometres (Dec 2019) ► CEL earning a 50% interest in any discovery >150,000 ounces by funding exploration over the next 5 years ► extensive and high-quality historical explo
Slide 15: Colorado V – surface and underground mapping and sampling
Colorado V – surface and underground mapping and sampling For personal use only Underground Panel Photo 1 – Showing a 300 metre Sampling Program - Photo 2 exposure of Porphyry style Main Colorado V Adit. mineralization observed in the main decline of the Colorado V Panel Sample CVUR 38: Concession.
Slide 16: Colorado V – low hanging fruit before any significant expenditure
Colorado V – low hanging fruit before any significant expenditure For personal use only Initial Observations: Colorado V historical drill core First Assays Confirm Discovery of a Large Gold System ► 56 historical drill holes for a total of 21,472 metres of drilling ► over 250 metres of gold minerali
Slide 17: Drilling and soil geochemistry - significant partially/untested anomalies
Drilling and soil geochemistry - significant partially/untested anomalies For personal use only ► number of high tenor gold and 500m porphyry style mineralisation copper in soil anomalies > 1km2 incl 200m with visible chalcopyrite D in size ► historical drilling has not Panel samples main adit: opti
Slide 18: ZK0-2 : First Assays Confirm Discovery of a Large Gold System
ZK0-2 : First Assays Confirm Discovery of a Large Gold System For personal use only ► Located at the northern end of a 500-metre strike zone defined by small scale underground mine working ► It does not appear to be traditional porphyry mineralisation: - <1% sulphides and mineralisation appears to b
Slide 19: Large scale bulk gold system surrounding the existing high grade workings
Large scale bulk gold system surrounding the existing high grade workings For personal use only ► ZK0-2 is located at the northern end of a 500-metre strike zone defined by small scale underground mine working ► Mineralised zone appears to be: • 200 metres wide • from surface • to 400m and open at d
Slide 20: El Guayabo Gold/Copper Project – project execution
El Guaybo Gold/Copper Project – project execution 2020 Program – Prepare multiple drill ready targets For personal use only ► channel Sampling/rock saw new porphyry zones in adits ► assay historical Colorado V drill core – main focus ► integrate Colorado V soil sampling with CEL’s soil database ► su
Slide 21: Company Strategy
Company Strategy For personal use only Our Aspiration is to become a globally significant gold producer Company Strategy Hualilan Gold Project El Guayabo Project Argentina Ecuador ▪ Hualilan to provide a high-grade low ▪ high-grade historical resource ▪ exciting traditional near surface capex operat
Slide 22: Foreign Resource Estimate Hualilan Gold Project
Foreign Resource Estimate Hualilan Gold Project For personal use only La Mancha Resources 2003 foreign resource estimate for the Hualilan Project ^ Tonnes Gold Grade Contained Gold Category (kt) (g/t) (koz) Measured 218 14.2 100 Indicated 226 14.6 106 Total of Measured & Indicated 445 14.4 206 Infer
Slide 23: 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 CEO & Managing Director CFO & Finance Director Investor Relations +61 411 885 979 +61 413 867 600 +61 408 268 271