Challenger Gold Limited · ASX:CEL
Challenger Gold — Challenger Exploration — Mines and Money Global - September 2020
23 slides from Challenger Gold's conference presentation, Sep 2, 2020
Slide 1: Corporate Presentation - Mines and Money Global September 2020
For personal use only ASX: CEL Corporate Presentation Mines and Money Global - September 2020 Hualilan Gold Project : Cerro Sur looking north to Cerro Norte Challenger Exploration Limited Argentina and Ecuador Gold / Copper Projects
Slide 2: Important Notice & Disclaimer
IMPORTANT NOTICE & DISCLAIMER DISCLAIMER For personal use only 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 meeti
Slide 3: Investment Highlights
INVESTMENT HIGHLIGHTS World class projects + management with a proven track record For personal use only • Hualilan Gold Project earning up to 75%, with a Historical resource 627,000 oz Au at 13.7 g/t1 , with no modern exploration on the project prior to CEL, and the Company currently undertaking re
Slide 4: Corporate Overview
CORPORATE OVERVIEW Fully funded for a transformational program For personal use only CORPORATE SNAPSHOT KEY EXECUTIVES ASX Ticker CEL Fletcher Quinn Chairman Share Price (1 September 2020) 26c • Over 35 years experience in venture capital, corporate finance and investment banking. Current Shares on
Slide 5: Overview: Two complementary assets being aggressively advanced
OVERVIEW Two complementary assets being aggressively advanced For personal use only Challenger aspires to become a globally significant gold producer supported by the Company’s current assets HUALILAN GOLD PROJECT EL GUAYABO/COLORADO V PROJECT Argentina Earning 75% Ecuador Earning up to 100% Histori
Slide 6: Hualilan Gold Project Overview
HUALILAN GOLD PROJECT Overview For personal use only • High grade gold project with historic resource of 627,000 Oz at 13.7g/t gold [assume 10 g/t AuEq]#1 21 Moz Au Jose Maria 1.1Bn t @ 0.5% CuEq • Mineralisation remains open in all directions with 12 Moz Au no sign of weakening after the first two
Slide 7: Significant Progress
SIGNIFICANT PROGRESS Material upside in the current program For personal use only • 188 historical drill holes for 15,023m from 1984-2005 prior to 15 year dispute with ownership fragmented • CEL’s maiden 1,500m drill program extremely successful. Extended mineralisation in multiple directions and co
Slide 8: High Grade Mineralisation
HIGH GRADE MINERALISATION Remains open in all directions - limited by drilling Mineralisation outcrops at surface Mineralisation at Hualilan comprises 2 distinct orientations For personal use only Historical drill holes 04-HD-33, 34 & 35 were all drilled well behind the plane of controlled by region
Slide 9: Conceptual Intrusion-Host Target
CONCEPTUAL INTRUSION-HOST TARGET Covering 1km of strike under the high-grade mineralisation with the potential to be significantly larger For personal use only • New Discovery of Intrusion-hosted GNDD-025 : Gold (porphyry dacite) 88m @ 0.9 g/t Au, 2.3 g/t Ag, Incl 50m at 1.4 g/t Au, 3.5 - 88m at 0.9
Slide 10: Porphyry Targets
PORPHYRY TARGETS Contiguous to and directly underlies the high-grade For personal use only Distribution of the high-grade skarn mineralisation (red) and the dacite porphyry (pink) - Note proximity of the porphyry dacite to the high-grade skarn mineralisation - Skarn mineralisation remains open down
Slide 11: Project Execution
PROJECT EXECUTION The next 8 months will deliver significant value For personal use only Aggressive Drilling Program to add Ounces followed Strike extent of Slide 7 by development studies once CEL has critical mass • 7,500m program comprising predominantly resource Cerro extension/infill drilling co
Slide 12: El Guayabo Gold/Copper Project - Ecuador
EL GUAYABO GOLD/COPPER PROJECT – ECUADOR Project Overview including the adjoining Colorado V concession For personal use only • 35km2 land package 5km along strike from the 16.7-million ounce Cangrejos1 deposit which is going through permitting • Substantial historical drilling results not followed
Slide 13: El Guayabo Gold/Copper Project - Geology
EL GUAYABO GOLD/COPPER PROJECT - GEOLOGY Geological Model For personal use only CANGREJOS (17 MOz Au) Porphyry Target Porphyry Porphyry Target Target recently acquired Colorado V concession covers the 10km of strike between El Guaybo and Cangrejos 13
Slide 14: El Guayabo Gold/Copper Project - Geophysics
EL GUAYABO GOLD/COPPER PROJECT - GEOPHYSICS A number of near surface porphyry systems evident For personal use only Preliminary East-West MT Inversion – DC Resistivity Section (Line07N) Target Western boundary of concession 14
Slide 15: North-South IP Line
NORTH-SOUTH IP LINE Large undrilled mineralised breccia bodies Historical drilling results For personal use only – 112m @ 0.6 % Cu +0.7 g/t Au +14.7 g/t Ag ; – 116m @ 0.4% Cu + 0.6 g/t Au + 8.9 g/t Ag; – 215m @ 0.4% Cu + 0.2 g/t Au + 9.6 g/t Ag (inc 83m @ 0.5% Cu + 0.2 g/t Au + 14.9 g/t Ag) 24A 24C
Slide 16: New Bulk Gold Discovery at Colorado V
NEW BULK GOLD DISCOVERY AT COLORADO V High-quality historical exploration has significantly reduced the lead time for a discovery For personal use only Colorado V Concession – 23.3 square kilometres (farmin Dec 2019) Au Ag Cu Panel Samples main adit Sample (g/t) (g/t) ppm A series of 6 panel samples
Slide 17: Generating a Maiden JORC Resource
GENERATING A MAIDEN JORC RESOURCE Before any significant expenditure For personal use only Initial Observations: Colorado V historical drill core • 56 historical drill holes for a total of 21,472 metres of drilling • Limited historical assaying focussed on identifying high-grade mineralisation to fe
Slide 18: Large Scale Bulk Gold System Yet to Be Explored
LARGE SCALE BULK GOLD SYSTEM YET TO BE EXPLORED Defined by 500 metres of existing workings with two larger unexplored anomalies along strike For personal use only • It does not appear to be traditional ZK1-5: 146m at 1.5 g/t Au, 1.7 g/t Ag porphyry mineralisation • Located on a 500-metre trend defin
Slide 19: Drilling Targets Analogous to Cangrejos
DRILLING TARGETS ANALOGOUS TO 17 Moz CANGREJOS Recent assay results point to a major discovery For personal use only • Number of high tenor gold and copper in soil anomalies > 1km2 in size not validly tested D • Majority of the drilling was on the flanks of the soil anomalies • Assays of the initial
Slide 20: Transformational Drilling Targets
TRANSFORMATIONAL DRILLING TARGETS Similar geology, grades, and surface footprint as the Tier 1 Cangrejos Gold Project 5 kilometres along strike ► Projecting the 100-ppb gold soil anomaly to 400 metres defines two For personal use only major targets with drilling constrained to the outer edges of the
Slide 21: 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 22: Foreign Resources Estimate - Hualilan Gold Project
FOREIGN RESOURCES ESTIMATE – HULIAN 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 and Indicated 445 14.4 206 In
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 Jane Morgan CEO & Managing Director CFO & Finance Director Investor Relations Media Relations +61 411 885 979 +61
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