Chalice Mining Limited · ASX:CHN
Chalice Mining — Chalice Gold Mines — Investor Presentation (September 2017)
29 slides from Chalice Mining's investor presentation, Sep 18, 2017
Slide 1: Chalice Gold Mines Ltd: Experienced, Cashed-Up & Primed for Discovery
For personal use only Chalice Gold Mines Ltd Experienced, Cashed-Up & Primed for Discovery >22,000m drilling on 5 high potential mineral properties in Canada & Australia Trading at negative EV Chalice Investor Presentation – 15 September 2017 │ www.chalicegold.com │ ASX:CHN, TSX: CXN
Slide 2: Forward Looking Statements & Disclosures
For personal use only Forward Looking Statements & Disclosures This presentation does not include all available Information on Chalice Gold 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 Limited
Slide 3: Investment Highlights
For personal use only Investment Highlights • Strategic Exploration Footprint across prolific gold and base metals mineral belts in Canada and Australia • >22,000m Drilling Planned for FY 2018 with A$7.5M exploration budget for five gold and base metals projects • Negative EV with ~A$51M (US$41M) in
Slide 4: Corporate Snapshot
For personal use only Corporate Snapshot CAPITAL STRUCTURE MAJOR SHAREHOLDERS Primary listing ASX: CHN Secondary listing TSX: CXN Shares on Issue 261M Shares – Fully Diluted 276M 17% Tim Goyder, MD Cash* ~A$43M Franklin Resource Ltd Equity Investments* ~A$8M 12% JP Morgan Nominees 52% Citicorp Nomin
Slide 5: Exploration – Strategic Footprints in Prolific Belts
For personal use only Exploration – Strategic Footprints in Prolific Belts • High-quality exploration portfolio in Canada and Australia* • Strategic land position at eastern end of prolific Abitibi greenstone belt in Quebec, Canada • East Cadillac Gold Project 35km east of Val- d’Or • Kinebik Gold P
Slide 6: +130Moz Abitibi Greenstone Belt
For personal use only +130Moz Abitibi Greenstone Belt • East Cadillac Gold Project -strategic land position at eastern end of Abitibi greenstone belt in Quebec, Canada • East Cadillac Gold Project 35km east of Val-d’Or, which has known gold endowment of +100M ounces • Kinebik Gold Project – 30km str
Slide 7: East Cadillac Gold Project, Quebec
For personal use only East Cadillac Gold Project , Quebec • Key position covering 16km of strike over 107km2 of the SE Larder Lake-Cadillac Fault, the most prolific gold trend in southern Abitibi • Initial Nordeau West mineral resource estimate* • M&I: 225kt @ 4.17g/t Au for 30.2koz • INF: 1,112kt @
Slide 8: High Priority Gold Exploration Targets
For personal use only High Priority Gold Exploration Targets M+I+I 176koz Au • Multiple targets to be tested including extensions of existing high- grade gold resource and other targets within 16km strike length of the Larder Lake-Cadillac Fault Historic Production 379koz Au • Extensive exploration
Slide 9: 2017 Summer Surface Geochemistry – Q2/Q3
2017 Summer Surface Geochemistry – Q2/Q3 • Rock, MMI soil and Black Spruce bark For personal use only sampling surveys were completed across Simon West Nordeau much of the property in June-July 2017 West Forsan • Sampling represents the first property- (Khalkos) wide comprehensive surface geochemist
Slide 10: Surface Geochemistry – Infill Soil/Rock Sampling – Q3
For personal use only Surface Geochemistry – Infill Soil/Rock Sampling – Q3 Simon West Nordeau West • Initial MMI soil and rock-chip geochemical sampling was completed across much of the property in June-July 2017 • Although much of the main trend is Nordeau East covered by overburden, and most show
Slide 11: Induced Polarization (3D-IP)
Induced Polarization (3D-IP) • 3D-IP survey approximately 50% For personal use only Nordeau Nordeau West East complete (east grid) • Known gold mineralization associated with pyrite-arsenopyrite sulfides • IP results to date show continuation of Forsan chargeability high associated with Simon West N
Slide 12: Diamond Drilling targets – Q3/Q4
Diamond Drilling targets – Q3/Q4 • 7,700m diamond For personal use only TARGET 2 Simon West TARGET 1 Nordeau West TARGET 3 drilling of 4 high North Contact priority targets: • Target 1: Nordeau West down plunge: 3,600m • Target 2: Simon West down plunge: 2,300m • Target 3: North Contact (IP TARGET 4
Slide 13: Diamond Drilling Targets – Nordeau West Q3/Q4
Diamond Drilling Targets – Nordeau West Q3/Q4 • Target 1: Nordeau West For personal use only down plunge - 3,600m 3m Au (g/t) Composite (Note: smaller spheres are • Phase 1 Testing at 200m Intervals smaller than 3m) 5.0 + centers and confirm plunge 2.0 – 5.0 orientation 0.7 – 2.0 0.4 – 0.7 • Phase 2
Slide 14: Diamond Drilling Targets – Simon West Q3/Q4
Diamond Drilling Targets – Simon West Q3/Q4 For personal use only Hole ID; grade (g/t Au)/width (m) 3m Au (g/t) Composite (Note: smaller spheres are Intervals smaller than 3m) • Target 2: Simon West down UG workings plunge; 2,300m UG workings • Testing steep northwest 5.0 + plunge extension of two 2
Slide 15: Kinebik Gold Project (100%)
For personal use only Kinebik Gold Project (100%) • Underexplored greenstone belt which hosts significant gold deposits including the Casa Beradi gold deposit (ca. 5Moz) • 187km2 property area covering 30km of strike length along the Casa Berardi fault • Numerous soil geochemical anomalies identifie
Slide 16: Kinebik South Anomaly – IP, Drilling
For personal use only Kinebik South Anomaly – IP, Drilling • Completed 200m spaced biogeochem sampling in Q3 2017 to augment the Q3 2016 MMI soil sampling results that identified the South Anomaly (results South Anomaly pending) • 55 line km 3D Induced Polarization (IP) to test the 2016 gold and pat
Slide 17: Warrego North Gold-Copper Project, Northern Territory
For personal use only Warrego North Gold-Copper Project, Northern Territory • Tennant Creek was historically exploited for high grade IOCG style gold and copper • Project proximal to previously mined high grade Warrego Au-Cu mine (not owned by Chalice): • Avg grades of 7g/t Au and 2.5% Cu, produced
Slide 18: Warrego North Gold-Copper Project, Northern Territory
For personal use only Warrego North Gold-Copper Project, Northern Territory • Parakeet prospect = coincidental strong aeromagnetic and ground gravity anomaly. • Outcropping anomalous ironstones over 400m strike (>0.1g/t Au and >500ppm Cu) coincident with new IP chargeability anomaly. • Recent drilli
Slide 19: Warrego North Gold-Copper Project, Northern Territory
For personal use only Warrego North Gold-Copper Project, Northern Territory • New 3D IP data confirms moderate chargeability high associated with outcropping ironstones located directly east of the Parakeet target. • Recent rock chip results returned encouraging first pass results (>0.1g/t Au and >5
Slide 20: Follow-Up Drilling Confirms IOCG Potential
For personal use only Follow-Up Drilling Confirms IOCG Potential • Total of 4 RC/DDH holes for 1,575m to follow-up on recent Cu-Au discovery. • Ironstone hosted Chalcopyrite (Cu) mineralisation – WND17006 • Tennant Creek-style IOCG mineralisation intersected along strike and down dip from WND17-001
Slide 21: Latitude Hill Nickel Project, Western Australia
For personal use only Latitude Hill Nickel Project, Western Australia • Counter-cyclical greenfields nickel- copper-PGE sulphide opportunity in emerging district • Excellent potential for additional discoveries similar to the Nova- Bollinger nickel-copper sulphide deposit in WA (14.3Mt @ 2.3% Ni, 0.
Slide 22: Latitude Hill – RC drilling commenced
For personal use only Latitude Hill – RC drilling commenced • Completed MLEM over 6 Spectrem EM targets and confirmed conductors are likely sourced from bedrock sulphides with modelling indicating shallow to moderate depth (40m- 270m). • Modelled conductive plates have dimensions of 250-1500m strike
Slide 23: West Pilbara Gold-Copper Project, Western Australia
West Pilbara Gold-Copper Project, Western Australia • Located in the highly prospective For personal use only Ashburton Mineral Field, Pilbara region • Under-explored for gold and base metals • SW property boundary proximal to Northern Star’s Paulsens gold mine • Recent exploration activities includ
Slide 24: High Grade Au & Cu Identified
High Grade Au & Cu Identified • A total of 6 gold and base metal For personal use only targets to be tested with 4,000m aircore and 2,500m RC drilling • Four gold targets includes high- grade gold sampled from 2 strike extensive gold trends Two base metal targets include high- grade copper associate
Slide 25: >22,000m Drilling Planned for FY 2018
For personal use only >22,000m Drilling Planned for FY 2018 September 2017 Quarter December 2017 Quarter East Cadillac Surface sampling Infill - In progress IP Survey In progress Diamond Drilling commencing 9/18 ~7,700m Kinebik IP Survey In progress Diamond Drilling ~1,800m Latitude Hill MLE
Slide 26: Acquired Well → Advanced Well → Sold Well
For personal use only Acquired Well → Advanced Well → Sold Well • Generated significant profits from prudent and well-timed asset sales • Returned more than A$25M to shareholders • Chalice & Higginsville projects sold for A$12M 2007 • Zara Gold Project acquired for A$17M 2009 • Zara Gold Project sol
Slide 27: Experienced Board & Management
For personal use only Experienced Board & Management Tim Goyder, Managing Director Dr. Kevin Frost, GM – Exploration BSc (Hons) PhD MAIG • +35 years’ experience in the resource industry • Geologist with +25 years experience • Successful investor and entrepreneur • Highly regarded geologist within pr
Slide 28: Unparalleled Value Proposition
For personal use only Unparalleled Value Proposition • Strategic land packages in prolific mineral belts Exploration • >22,000m drilling planned for FY 2018 • Multiple opportunities for discovery success • Negative EV with A$53M cash & investments Value • Spending A$7.5M on exploration in FY18 • Str
Slide 29: Annexure A – Property Ownership Details
For personal use only ANNEXURE A – PROPERY OWNERSHIP DETAILS • East Cadillac Gold Project Chalice can earn a 70% interest in the Chimo Property by making total option payments of C$200,000 to Richmont Mines and funding exploration expenditures of C$3.1 million over a period of four years. Upon meeti
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