Challenger Gold Limited · ASX:CEL
Challenger Gold — Challenger Exploration — Brisbane Mining Investor Conference 2023
27 slides from Challenger Gold's conference presentation, Mar 22, 2023
Slide 1: ASX Release: Brisbane Mining Investor Conference
ASX Release 22 March 2023 Brisbane Mining Investor Conference For personal use only Challenger Exploration Limited (ASX: CEL) (“Challenger Exploration” or “The Company”) is pleased to advise investors and shareholders that Kris Knauer, Managing Director, will be presenting as part of the Brisbane Mi
Slide 2: Brisbane Mining Investor Conference
For personal use only ASX: CEL Brisbane Mining Investor Conference (March 22-23 2023) Hualilan Gold Project : Cerro Sur looking north to Cerro Norte Challenger Exploration Limited Argentina and Ecuador Gold / Copper Projects 1
Slide 3: Important Notices and Disclaimer
IMPORTANT NOTICES AND DISCLAIMER For personal use only 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 documentation and only to investors me
Slide 4: Challenger Exploration Snapshot
CHALLENGER EXPLORATION SNAPSHOT Two significant discoveries, both with grade and scale, provide strategic flexibility For personal use only • Hualilan Gold Project (100% - San Juan) - 2.1 Moz1 resource open in all directions • High-grade system overlying a large intrusion-hosted discovery EL GUAYABO
Slide 5: Corporate Snapshot
CORPORATE SNAPSHOT Funded to deliver several significant and value accretive milestones For personal use only Key Company Metrics Capital Structure ASX Ticker CEL • Fully diluted Enterprise Value of A$150m (A$71 Oz) – 50% discount to Peers excluding Ecuador Share Price (as at 20 Feb 2023) 13.0c • 2.
Slide 6: Key Milestones Over the Next Months
KEY MILESTONES OVER THE NEXT 9 MONTHS Capital raise allows the delivery of several significant and value accretive milestones over the next 12 months For personal use only Hualilan Gold Project, Argentina El Guayabo Project, Ecuador • Acquisition of underlying land covering project: • Ongoing Drill
Slide 7: 2.1Moz and growing
For personal use only 2.1Moz and growing 6
Slide 8: Hualilan Gold Project
Hualilan Gold Project (after) taken 2 November 2022 from Bell 429 helicopter For personal use only Drilling GNDD-763 to GNDD-765 (218,000 drill metres) Gap Zone 7
Slide 9: Interim Resource Estimate
INTERIM RESOURCE ESTIMATE (126,000 of 204,000m drilling) Dial in your preferred grade – the grade tonnage distribution provides significant flexibility • Interim Resource of 2.1 million ounces1 at a discovery cost of US$8.20/Oz: For personal use only Significant intersections after the MRE Cut of da
Slide 10: Key Points
Key Points • A number of coherent zones of near surface high-grade mineralisation at For personal use only Sentazon. Magnata Fault and Main Norte manto • These high-grade and near surface zones generally correlate to the indicated section of the MRE which will support a scoping study • Provides a po
Slide 11: MRE Block Model Sections
For personal use only MRE Block Model Sections (from south to north) Shows how the current 2.1 million ounce resource will increase significantly 10
Slide 12: Magnata Fault Zone Type Section
MAGNATA FAULT ZONE TYPE SECTION Fault zones extend over 500 metres vertically and remain open at depth For personal use only Magnata Fault (Central) • Contribution to the MRE: i. Open Pit – 370,000 Oz ii. Underground – 35,000 Oz iii. Total - 404,000 Oz • Mineralisation is open to the east and the we
Slide 13: Northern Verde Zone
NORTHERN VERDE ZONE New high-grade target at depth For personal use only Verde Zone (North) • Verde 2-3 zone contribution to MRE: i. Open Pit – 64,000 Oz ii. Underground – 39,000 Oz iii. Total - 103,000 Oz • Open to the north and open at depth • Verde 2-3 domain now looking like a continuation of th
Slide 14: Northern Margin of the Verde Zone
NORTHERN MARGIN OF THE VERDE ZONE - Mineralisation strong and open to the north based on visual infill results For personal use only Verde Zone • Contribution to the MRE: i. Open Pit – 631,000 Oz ii. Underground – 83,000 iii. Total - 714,000 Oz • Open to the north along strike and open at depth. Thi
Slide 15: 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 For personal use only • Building towards a district scale 600 km2 footprint: ▪ 235 km2 granted to CEL ▪ 329 km2 pending grant (registered in Mining Ca
Slide 16: A Far Bigger Play Than Extending Within 3.5km Strike
A FAR BIGGER PLAY THAN EXTENDING WITHIN 3.5KM STRIKE Exploration has only focussed on one side of the intrusion responsible for Hualilan For personal use only Processing of surface magnetic data indicates there are at least five major intrusive ATE supports the concept that centres the same 3 age as
Slide 17: El Guayabo/Colorado V Project, Ecuador
For personal use only El Guayabo/Colorado V Project Ecuador 16
Slide 18: El Guayabo Au-Cu Project Overview
Cangrejos Deposit EL GUAYABO Au-Cu Project Overview - 17.1 Moz at 0.6 g/t AuEq - Gold with Cu, Ag, Mo credits - 500,000 Oz AuEq production1 - ASIC US$604 Oz1 Phase #1 Exploration Drilling at El Guayabo and Colorado V (2021-2022) 1 Source Lumina Gold (TSX: LUM) PEA June 2020 For personal use only • 5
Slide 19: 25,000 Metre Resource Drill Out on 100% Owned Ground
25,000 METRE RESOURCE DRILL OUT ON 100% OWNED GROUND Consistent zone of high-grade Au-Cu-Ag within the main body of mineralisation in the GY-A Discovery zone For personal use only • 25,000m resource drill out will Area of MRE drill out focus on GY-A anomaly. ~ 900m strike GY-A • GY-A contains the si
Slide 20: For personal use only
For personal use only A B GYDD-22-024 638.2m at 0.6 g/t AuEq inc 304.3m at 1.0 g/t AuEq inc 108.5m at 2.4 g/t AuEq inc 54.2 m at 4.0 g/t AuEq ? 19
Slide 21: Main Discovery Zone (GY-A) Copper Block
MAIN DISCOVERY ZONE (GY-A) COPPER BLOCK Provides a coherent high-grade core of mineralisation For personal use only Insert cu breccia plan view map GYDD-21-008 : 228.5m to 231.7m 6.6 g/t AuEq – (3.0 g/ Au, 1.8% Cu, 49.0 g/t Ag) 20
Slide 22: Colorado V Drill Program Update
Cangrejos Deposit COLORADO V DRILL PROGRAM UPDATE - - 21.8 Moz AuEq at 0.6 g/t AuEq Gold with Cu, Ag, Mo credits First drill holes produce two significant gold discoveries - 500,000 Oz AuEq production1 - ASIC US$604 Oz1 For personal use only • Au-Cu soil anomalies 1km x 0.5km 1 Source Lumina Gold (T
Slide 23: Valuation and Milestones
For personal use only Valuation and Milestones 22
Slide 24: Value Proposition
VALUE PROPOSITION Many catalysts achieved and significant opportunity to be re-rated with several price catalysts in the short term Several Share Price catalysts as we execute our strategy Now For personal use only $0.13 • As we execute over the next 6-9 months there will be several valuation cataly
Slide 25: 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 24
Slide 26: Hualilan Gold Project - Mineral Resource Estimate
HUALILAN GOLD PROJECT - MINERAL RESOURCE ESTIMATE Interim JORC 2012 Compliant MRE released July 1st 2022 and references For personal use only 1 Gold Equivalent (AuEq) values El Guayabo Project- Requirements under the JORC Code Mt Au Ag Zn Pb Au Eq • Assumed commodity prices for the calculation of Au
Slide 27: Challenger Exploration Limited
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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