Chalice Mining Limited · ASX:CHN
Chalice Mining — Chalice Gold Mines — Investor Presentation (June 2009)
19 slides from Chalice Mining's investor presentation, Jun 9, 2009
Slide 1: A New East African-Focused Gold Company
For personal use only “A New East African- African-Focused Gold Company” Corporate Presentation June 5, 2009 www.chalicegold.com
Slide 2: Disclaimer
Disclaimer For personal use only The material used in this presentation is intended to be a summary of the proposed merger between Chalice Gold Mines Limited and Sub-Sahara Resources NL and includes activities that are current and proposed based on the information available to Chalice Gold Mines Lim
Slide 3: Overview
Well-funded ASX-listed gold company (ASX: CHN) For personal use only Strong track record in successful development & operation of mining projects Proposed merger with Sub-Sahara Resources NL targeted for completion by August 2009 Strategy to consolidate ownership and fund development of 944,000oz hi
Slide 4: Corporate Snapshot
Listed on ASX since 2006 Board For personal use only 72.8M shares on issue – top 20 Tim Goyder (Executive Chairman) hold 56.6% Doug Jones (Managing Director) ~$10M cash Anthony Kiernan (Non-executive Director) Portfolio of gold and base metal exploration projects in WA – JV’s with Teck Cominco, Atla
Slide 5: Merger Overview
Chalice and Sub-Sahara to merge via Scheme of Arrangement, subject to consents and approvals For personal use only Scheme consideration will comprise 1 Chalice Share for every 10.73 Sub-Sahara Shares Fully supported by both Boards Deemed to be in best interests of Sub-Sahara shareholders by independ
Slide 6: Indicative Merger Timetable
For personal use only Scheme Booklet lodged with ASX and ASIC 2 June 2009 First Court Hearing 18 June 2009 Despatch of Notice of Meeting & Scheme Booklet to SBS Shareholders 23 June 2009 Scheme Meeting 22 July 2009 Second Court Hearing 30 July 2009 Lodging of Court Order with ASIC 6 August 2009 Indi
Slide 7: Post Merger Snapshot
Post Merger Board Approximately 121M shares on For personal use only issue on completion of the merger Tim Goyder (Executive Chairman) Doug Jones (Managing Director) Post merger market capitalisation of ~A$30M (based on Chalice Mike Griffiths (Executive Director) share price of $0.25) Anthony Kierna
Slide 8: Zara Gold Project – Location
For personal use only Zara Gold Project – Location 8
Slide 9: Eritrea Overview
Stable operating and social environment For personal use only Increasing foreign investment, e.g. US$250M Bisha development (Nevsun Resources) Proactive Government stance on mining developments – “open for business” Zara Project tenements located 160km NW of capital, Asmara Eritrea Overview 9
Slide 10: Gold in the Arabian-Nubian Shield
An emerging gold and base metal province For personal use only Numerous +1Moz deposits and mines dating back to ancient times Gold endowment >20Mozs – but largely unexplored in modern times Various deposit types including mesothermal & epithermal gold and polymetallic (VHMS) styles Associated with s
Slide 11: Koka Deposit - Resource
Koka Deposit - JORC compliant Indicated and Inferred resource of 5.04 Mt grading 5.8 For personal use only g/t gold for 944,000 oz contained Current resource based on results from 109 diamond drill holes (~18,000 metres drilled) 570 metres strike length 20-30 metres wide Drilled to a depth of 300 me
Slide 12: Koka Deposit - Mineralisation
For personal use only Quartz stockwork system cutting micro- micro-granite sill Galena Limited oxide – bulk of Visible Gold resource is primary sulphide Pyrite Coarse sulphide blebs associated with quartz veins Visible gold & high gold values associated with pyrite, galena, sphalerite & minor chalco
Slide 13: Koka Deposit – 3D Model
For personal use only Koka Deposit – 3D Model 13
Slide 14: Koka Deposit – Section 9840N
For personal use only 33m @ 4.17 g/t 28m @ 8.16 g/t 18m @ 9.46 g/t 7m @ 23.29 g/t Koka Deposit – Section 9840N 14
Slide 15: Koka Deposit – Section 9520N
W E For personal use only 10m @ 76.8 g/t 11m @ 14.7 g/t 6m @ 42.3 g/t Koka Deposit – Section 9520N 15
Slide 16: Exploration Upside … virtually untouched
New Permit Major regional scale structural corridor controls gold For personal use only occurrences Tenements cover 50km strike Koka Prospect on this corridor (approx 600km² including new permits to north and south) Konate Prospect Fah Prospect Numerous prospects identified from artisanal gold worki
Slide 17: Forward Program
Complete Prefeasibility Study by October 2009 For personal use only Complete Feasibility Study by May 2010 Experienced ‘Owner’s Representative’ appointed – metallurgist Steven Chadwick ‘Request for Proposal’ or PFS and FS dispatched to 5 engineering consulting firms Site preparation for 5,000m of dr
Slide 18: Summary – Investment Proposition
Focused growth strategy via proposed Sub-Sahara merger For personal use only Rare opportunity to develop a high-grade open-pit gold project Sub-Sahara portfolio includes extensive tenement position in emerging gold & base metal province Work commencing on the ground while merger is completed Experie
Slide 19: Competent Persons Statement
Competent Persons Statement For personal use only The information in this report that relates to Exploration Results is based on information compiled by Dr Doug Jones, a full-time employee and Director of Chalice Gold Mines Limited, who is a Member of the Australasian Institute of Mining and Metallu
Chalice Gold Mines — Investor Presentation (June 2009) on 6ix