Challenger Gold Limited · ASX:CEL
Challenger Gold — Challenger Exploration — Virtual Gold Conference 2021
21 slides from Challenger Gold's conference presentation, Aug 19, 2021
Slide 1: Virtual Gold Conference
For personal use only ASX: CEL Virtual Gold Conference 19 August 2021 Hualilan Gold Project : Cerro Sur looking north to Cerro Norte Challenger Exploration Limited Argentina and Ecuador Gold / Copper Projects
Slide 2: Important Notices and Disclaimer
IMPORTANT NOTICES AND DISCLAIMER For personal use only DISCLAIMER This presentation is for informational purposes only and does not constitute an offer to sell, or solicitation to purchase, any securities. Such Offer can be made only through proper subscription documentation and only to investors me
Slide 3: Investment Highlights
INVESTMENT HIGHLIGHTS World class projects + management with a proven track record For personal use only • Hualilan Gold Project acquired 100%, with a Historical resource 500,000 oz Au at [10 g/t1], with an underlying large intrusion-hosted system EL GUAYABO/COLORADO V GOLD- • 9-rig 120,00m drill pr
Slide 4: Significant Value Add in the Next Months
SIGNIFICANT VALUE ADD IN THE NEXT 24 MONTHS Fully funded for 140,000 metres of drilling with cash of $42.5 million post move to 100% of Hualilan Corporate Key Executives For personal use only Fletcher Quinn Kris Knauer Scott Funston Stuart Munroe Sergio Rotondo ASX Ticker CEL Chairman CEO CFO Explor
Slide 5: High-Grade Mineralisation Is Open in All Directions
HIGH-GRADE MINERALISATION IS OPEN IN ALL DIRECTIONS The higher temperature assemblage (center of the system) is at the extreme southern end Mineralisation outcrops at surface Mineralisation at Hualilan comprises 2 distinct orientations For personal use only Historical drill holes were all drilled co
Slide 6: Significant Intrusion-Hosted Target
SIGNIFICANT INTRUSION-HOSTED TARGET Covering 2.5km of strike under the high-grade mineralisation with the potential to be significantly larger For personal use only • Discovery of Intrusion-hosted Gold (in GNDD-025 : altered porphyry dacite) 88m @ 0.9 g/t Au, 2.3 g/t Ag, Incl 50m at 1.4 g/t Au, 3.5
Slide 7: Mineralisation Over 3km of Strike
MINERALISATION OVER 3KM OF STRIKE Large-scale intrusion-hosted gold system underlying a high-grade skarn For personal use only Sentazon • Potential Bonanza grade zone in the 200 metres up-dip from drilling - 15.6m at 71.7 g/t AuEq including 4.0m at 203.8 g/t AuEq - 64.8m at 28.3 g/t AuEq zinc includ
Slide 8: Hualilan Gold Project – Updip Potential
HUALILAN GOLD PROJECT – UPDIP POTENTIAL Up to 300 metres of mineralisation up plunge from current drilling For personal use only Historical workings Cerro Sur looking south from the Magnata Fault Outcrop of high-grade manto up-dip 8
Slide 9: Sentazon Drilling Confirms a Second Deeper Zone
SENTAZON DRILLING CONFIRMS A SECOND DEEPER ZONE Doubles the vertical extent of high-grade mineralisation at Sentazon • Most recent Sentazon drill results include: For personal use only • 16.9m at 16.9 g/t AuEq including 7.1m at 32.2 g/t AuEq (GNDD-296) • 50.0m at 1.9 g/t AuEq including 2.4m at 17.3
Slide 10: Recent Magnata Fault Drilling
RECENT MAGNATA FAULT DRILLING Significantly extends high-grade mineralisation • All 33 step out holes on the Magnata Fault successfully intersected mineralisation For personal use only Verde Zone with results including: • 51.6m at 4.5 g/t AuEq including 7.9m at 27.2 g/t AuEq (GNDD-272) • 96.0m at 2.
Slide 11: Recent Verde Discovery
RECENT VERDE DISCOVERY A From a discovery to a 1.2km long continuous zone in 3 months • West of the Gap Zone mineralisation in an area of no drilling completely under cover For personal use only • Mineralisation is hosted in intrusives analogous to the Gap Zone and Magnata B • 50-100 metres wide, op
Slide 12: North Magnata Intrusives
NORTH MAGNATA INTRUSIVES A Zone extended across a fence of holes which appeared to close it to the north For personal use only B New Western Zone • GNDD-196 (69.2m at 3.4 g/t AuEq) extended mineralisation at Magnata 200 metres • Mineralisation on the flanks of a positive magnetic anomaly due to dema
Slide 13: A Far Bigger Play Than Extending Within 2km Strike
A FAR BIGGER PLAY THAN EXTENDING WITHIN 2KM STRIKE Exploration has only focussed on one side of the intrusion responsible for Hualilan ✓ Improved results from Met testing For personal use only Intrusion-hosted material • Recoveries of 93.49% (gold) and 70.4% (silver) at a ATE supports the concept th
Slide 14: Regional Mag Data (Magnetic Features) – Five Centres
REGIONAL MAG DATA (MAGNETIC FEATURES) – FIVE CENTRES 20km unexplored stratigraphy and five intrusive centres of the same age ▪ In some of the deeper and more westerly drilling at Verde we For personal use only Processing of surface magnetic data are seeing a higher temperature skarn assemblage. indi
Slide 15: Similar Footprint to De Grey Mining Hemi Discovery
SIMILAR FOOTPRINT TO DE GREY MINING HEMI DISCOVERY Hemi and Hualilan to scale For personal use only DEG $1.5Bn market capitalisation CEL 1 Km <$300m market capitalisation Source – DeGray Mining RIU Conference Investor Presentation 17 Feb 2021 15
Slide 16: Company Strategy
COMPANY STRATEGY For personal use only Our Aspiration is to become a globally significant gold producer Hualilan Gold Project El Guayabo Project Company Strategy Argentina Ecuador • Hualilan to provide a high-grade low • High-grade historical resource • Exciting traditional near surface capex operat
Slide 17: Summary
SUMMARY News flow that comes with 9-rigs on site at Hualilan and 2-rigs drilling in Ecuador For personal use only Hualilan Project, Argentina • Ongoing news flow that comes with at 9 rigs • A number of new zones and higher success rates as we better understand the mineralisation – magnetics and IP a
Slide 18: Challenger Exploration Limited
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 Jane Morgan CEO & Managing Director CFO & Finance Director Investor Relations Media Relations +61 411 885 979 +61
Slide 19: Appendix Hualilan Gold Project: Foreign Historical Resource and References
For personal use only Appendix 1 Hualilan Gold Project Foreign Historical Resource and References
Slide 20: Current Historical Non-JORC Resource
CURRENT HISTORICAL NON-JORC RESOURCE Historical drilling failed to test the Sanchez fault due to the topography For personal use only 15.6m at 71.7 g/t AuEq La Mancha Resources 2003 foreign resource estimate for the Hualilan Project ^ (SNV10-01) Tonnes AuEq Grade Gold Equivalents Category (kt) (g/t)
Slide 21: Reference to Previous ASX Releases
REFERENCE TO PREVIOUS ASX RELEASES For personal use only Previous ASX Releases referred to in this presentation Date Title Hualilan drilling confirms a second deeper zone and doubles 12 Aug 2021 the vertical extent of high-grade mineralisation at Sentazon High grade mineralisation substantially exte
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