Challenger Gold Limited · ASX:CEL
Challenger Gold — Canaccord Genuity LatAm Natural Resources Conference 2023
23 slides from Challenger Gold's conference presentation, Sep 28, 2023
Slide 1: ASX Release: LatAm Natural Resources Conference
ASX Release 28 September 2023 LatAm Natural Resources Conference Challenger Gold (ASX: CEL) (“CEL” the “Company”) is pleased to its newly-appointed chairman, Sergio Rotondo, will participate on a Precious Metals Panel during Canaccord Genuity’s inaugural LatAm Natural Resources Conference, being hel
Slide 2: Canaccord LATAM Natural Resources Conference
For personal use only ASX: CEL Canaccord LATAM Natural Resources Conference August 28-30 2023 Hualilan Gold Project : Cerro Sur looking north to Cerro Norte Challenger Gold Limited Argentina and Ecuador Gold / Copper Projects 1
Slide 3: Important Notices and Disclaimer
IMPORTANT NOTICES AND DISCLAIMER 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 For personal use only documentation and only to investors me
Slide 4: Current Market Conditions
CURRENT MARKET CONDITIONS Massive disconnect between explorers and producers that will eventually normalise For personal use only Source – Lion Selection Group 3
Slide 5: Challenger Gold Snapshot
Challenger Gold SNAPSHOT Two significant discoveries, both with grade and scale, provide strategic flexibility Hualilan Gold Project El Guayabo Gold-Copper Project 100% Owned 50-100% - El Oro; Ecuador For personal use only 2.8 Moz1 Gold Resource EL GUAYABO/COLORADO V GOLD - 4.5Moz2 Gold Resource COP
Slide 6: Corporate Snapshot
CORPORATE SNAPSHOT An experienced Board & Management team with a proven track record Key Executives Kris Knauer Sergio Stuart Mike Zivcic Scott For personal use only CEO & Rotondo Munroe COO Funston Managing Chairman Exploration CFO Director Manager • Exploration geologist. • Background in construct
Slide 7: 2.8 Moz and growing
For personal use only 2.8 Moz and growing 6
Slide 8: Updated Mineral Resource Estimate (MRE)
UPDATED MINERAL RESOURCE ESTIMATE (MRE) Dial in your preferred grade – the grade tonnage distribution provides significant flexibility Total MRE at various cut off grades • Upgraded Mineral Resource Estimate (MRE) increases to 2.8 million ounces Cut-off (g/t tonnes Au Ag (g/t) Zn Pb AuEq (g/t) Oz (A
Slide 9: 2.8 Million Ounce (AuEq) Resource That Remains Open
2.8 MILLION OUNCE (AUEQ) RESOURCE THAT REMAINS OPEN High-grade core of 1.6Moz at 5.0 g/t AuEq High grade is important near surface for early payback For personal use only (Pink and red represent the higher grades) 0m 500m 4.0m at 5.8 g/t AuEq from 1009m (deepest hole ended in mineralisation) 8
Slide 10: Hualilan Gold Project Scoping Study – October 2023
Hualilan Gold Project Scoping Study – October 2023 Scoping Study designed to optimise for earnings/cashflow per share and produce a project CEL can deliver For personal use only Cerro Sur Stopes Cerro Norte Stopes Current underground stope Stopes not in mine plan model and starter open pits • Scopin
Slide 11: Building a District Scale Footprint at Hualilan
BUILDING A DISTRICT SCALE FOOTPRINT AT HUALILAN Discoveries like Hualilan seldom occour in isolation – hence a 600 sqkm footprint which is unexplored 2.8 Moz1 2.2 km For personal use only Resource Resource (marked in red) Strike Existing Mineral Resource (US$1800 optimised pit shell) 3.5km 564 km2 M
Slide 12: The Exciting Opportunity at Hualilan
THE EXCITING OPPORTUNITY AT HUALILAN Exploration has only focussed on one side of the intrusion responsible for Hualilan For personal use only Near resource exploration delivers • Rock chip samples located several hundred metres east of the current resource along its 2.2km length: ▪ 90.7 g/t Au, 42.
Slide 13: The Exciting Opportunity at Hualilan
THE EXCITING OPPORTUNITY AT HUALILAN Exploration has only focussed on one side of the intrusion responsible for Hualilan Initial regional exploration delivers • Less than 5% into the program with early results For personal use only developing significant new targets. • High-grade Au-Ag stream sedime
Slide 14: El Guayabo/Colorado V Project, Ecuador
For personal use only El Guayabo/Colorado V Project Ecuador 13
Slide 15: Maiden Ecuador Mineral Resource Estimate (MRE)
MAIDEN ECUADOR MINERAL RESOURCE ESTIMATE (MRE) Just a start - Based on 2 of the 7 anomalies to produce significant drill intersections Cangrejos Deposit • Maiden El Guayabo MRE of 4.5 million ounces at 0.52 g/t (AuEq)1 - 16.8 Moz at 0.6 g/t AuEq - Gold with Cu, Ag, Mo credits 270mt at 0.4 g/t Au, 2.
Slide 16: Coherent Near Surface High-Grade Component
COHERENT NEAR SURFACE HIGH-GRADE COMPONENT Potential to provide high-grade starter feed. Upper 200 metres of this high-grade zone untested due to topography Grade Tonnage Table (4.5 Moz2 MRE) For personal use only Cut-off AuEq oz g/t (AuEq) mt (g/t) (AuEq) 0.20 450.5 0.42 6,011,670 0.25 361.4 0.46 5
Slide 17: Ongoing Ecuador Work Program
ONGOING ECUADOR WORK PROGRAM Surface channel samples show potential to increase the high-grade core of the MRE • 9.0m at 12.6 g/t AuEq and 17.4m at 3.3 g/t AuEq extends the high-grade core of the MRE 200 metres up-dip to surface For personal use only • 174.4m at 1.2 g/t AuEq located 300 metres east
Slide 18: Where Do Additional Ounces Come From
WHERE DO ADDITIONAL OUNCES COME FROM Exploration drilling produces two additional discoveries ready for immediate resource drill-out Cangrejos Deposit - 16.8 Moz at 0.6 g/t AuEq - Gold with Cu, Ag, Mo credits • Au-Cu soil anomalies 1km x 0.5km - 469,000 Oz AuEq production - ASIC US$671 Oz For person
Slide 19: Valuation and Milestones
For personal use only Valuation and Milestones 18
Slide 20: Where Are We and Where Are We Going as a Company
Where are we and where are we going as a company The current fund raising provides a 12-month runway and meaningful value drivers Where are we now Production Targeted Target date for financial close and commencement of construction in H2 2025 same share price as early 2020 For personal use only ▪ ▪
Slide 21: Appendix: Mineral Resource Estimate and Information Required under JORC Code
For personal use only Appendix 1 Mineral Resource Estimate and information required under JORC Code 20
Slide 22: Mineral Resource Estimates and AuEq Information
MINERAL RESOURCE ESTIMATES AND AUEQ INFORMATION JORC 2012 Compliant MRE’S released March 2023 and June 2023 AuEq 1 Gold Equivalent (AuEq) values Hualilan Gold Project- Au g/t Ag g/t Zn % Pb % AuEq g/t (Mozs) Domain Category Mt Requirements under the JORC Code (El Guayabo Gold-Copper For personal use
Slide 23: Challenger Gold Limited Contact Details
Challenger Gold 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 Jane Morgan CEO & Managing Director CFO & Finance Director Media Relations +61 411 885 979 +61 413 867 600 +61 405 555 618 kris.knauer@c
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