Chalice Mining Limited · ASX:CHN
Chalice Mining — Chalice Gold Mines — Africa Down Under 2012
19 slides from Chalice Mining's conference presentation, Aug 31, 2012
Slide 1: Chalice: A new chapter begins
For personal use only Chalice: A new chapter begins • Cash: $80M expected net cash following sale of Zara asset • Today’s opportunity: Drilling in world-class VMS field • Tomorrow’s potential: Seeking world-class projects AFRICA DOWNUNDER 2012
Slide 2: Disclaimer and Competent Persons Statement
Disclaimer and Competent Persons Statement • This presentation does not include all available Information on Chalice Gold For personal use only 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 Lim
Slide 3: Overview
Overview Divestment of Eritrean gold asset a catalyst for new phase of growth… For personal use only • Dual-listed international mining company (ASX: CHN, TSX: CXN) – Strong track record of identifying, securing & developing quality resource assets • Acquired and brought Zara Gold Project to cusp of
Slide 4: Corporate Snapshot
Corporate Snapshot An experienced team with global capability – dual-listed on ASX/TSX Capital Structure: For personal use only Shareprice ~A$0.25 Shares on Issue 250 million Market Capitalisation ~A$62.5 million Options on Issue 7 million Debt - Cash & Receivables ~A$80 million* Board and Senior Ma
Slide 5: Current Regional Focus: the Arabian-Nubian Shield
Current Regional Focus: the Arabian-Nubian Shield Strong strategic foothold in one of the world’s exploration “hot spots” For personal use only Feasibility • Long mining history (+1,000 recorded ancient copper and gold mines) • Minimal modern exploration • World-class projects now being developed 5
Slide 6: Current Ground Position - Eritrea
Current Ground Position - Eritrea Tenements encompass high-grade gold deposit and outstanding exploration potential… For personal use only 60:40 JV with ENAMCO 6
Slide 7: All the Right Geological Ingredients
All the Right Geological Ingredients…. ….but with very little modern exploration coverage For personal use only • Favourable Geology – Granite-greenstone style geology – Properties straddle Elababu Shear Zone – deep crustal-scale regional structure: ‘gold fairway’ • Multiple gold targets – Hurum – W
Slide 8: On the Doorstep of a Giant
Mogoraib North: On the Doorstep of a Giant On the doorstep of one of the world’s premier new VMS mines For personal use only 8
Slide 9: Exploration Licence
Mogoraib North Exploration Licence Primary target polymetallic VHMS but gold potential as well For personal use only • 550 sq km tenement • Regional geology & stream sediment geochem completed • VTEM survey ~3825 line kilometres • Numerous bedrock conductor targets identified – VHMS? • Follow-up gro
Slide 10: Exploration Environment
Mogoraib North – Exploration Environment Primary target polymetallic VHMS but gold potential as well For personal use only Bisha 10
Slide 11: VTEM Anomalies
Mogoraib North VTEM Anomalies Looking for bedrock conductors with coincident gravity anomalies For personal use only Gravity VTEM Profiles - Anomaly MN-T042 11
Slide 12: VTEM Targets & Drilling
Mogoraib North – VTEM Targets & Drilling Looking for bedrock conductors with coincident gravity anomalies For personal use only Area C T67 11 MOGD-0010 • Diamond drilling – 11 holes, 2,365m completed of initial 5,000m program • No assays yet available • Drilling currently suspended due to wet season
Slide 13: Stream Sediment Gold Anomalies
Mogoraib North – Stream Sediment Gold Anomalies Looking for bedrock conductors with coincident gravity anomalies Gold ppb Mapped Artisanal For personal use only Workings Stream Sediment Sample Area C Area C 5km 13
Slide 14: Area C Gold
Mogoraib North – Area C Gold Looking for bedrock conductors with coincident gravity anomalies For personal use only 14
Slide 15: Area C Soil Geochemistry
Mogoraib North – Area C Soil Geochemistry Looking for bedrock conductors with coincident gravity anomalies For personal use only 500m 500m 500m 500m 15
Slide 16: Business Development Focus
Business Development Focus A significant war-chest to secure quality new opportunities with potential to add value For personal use only • Aiming to put $80 million to work • Preference for advanced exploration or development stage opportunities with growth potential • Preference for gold or gold-co
Slide 17: Summary: A New Chapter Begins
Summary: A New Chapter Begins Cash, Exploration Potential, Opportunity For personal use only • Divestment of Zara Project completed: settlement imminent • $80M expected treasury • Cash-backing = 32cps • VHMS & gold targets at Mogoraib North & Hurum • Hunt for new opportunities underway 17
Slide 18: Analyst Coverage
Analyst Coverage For personal use only AUSTRALIA EUROPE Bell Potter Ambrian Partners Limited Trent Allen Adam Kiley E: tcallen@bellpotter.com.au T: +612 9231 0880 E: adam.kiley@ambrian.com T: +44 20 7634 4777 Paterson Securities Limited Simon Tonkin E: STonkin@psl.com.au T: +618 9225 2816 NORTH AMER
Slide 19: Chalice: A new chapter begins
For personal use only Chalice: A new chapter begins • Cash: Expected net cash on hand $80M • Today’s opportunity: Drilling in world-class VMS field • Tomorrow’s potential: Seeking world-class projects AFRICA DOWNUNDER 2012