Challenger Gold Limited · ASX:CEL
Challenger Gold — Challenger Exploration — 121 Hong Kong (April 2020)
23 slides from Challenger Gold's conference presentation, Apr 28, 2020
Slide 1: Corporate Presentation | 121 Hong Kong : April 2020
Corporate Presentation | 121 Hong Kong : April 2020 | ASX : CEL For personal use only Hualilan Gold Project : Cerro Sur looking north to Cerro Norte Challenger Exploration Limited Argentina and Ecuador Gold / Copper Projects
Slide 2: Important Information
Important Information For personal use only The release, publication or distribution of this presentation in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this presentation is released, published or distributed should inform themselves about an
Slide 3: Summary – two complimentary assets being advanced aggressively
Summary – two complimentary assets being advanced aggressively For personal use only Hualilan Gold Project El Guayabo Gold/Copper Project Argentina – earning 75% Ecuador – earning up to 100% ▪ 188 drill holes from the 1970’s-2006 ▪ 5km along strike from a +17 million ounce orebody ▪ locked up in a d
Slide 4: Corporate Overview – high impact 2020 program fully funded
Corporate Overview – high impact 2020 program fully funded For personal use only Corporate Key Executives ASX Ticker CEL Fletcher Quinn Kris Knauer Scott Funston Stuart Munroe Sergio Rotondo Share Price 10.0c Chairman CEO CFO Exploration Mgr COO Current Shares on Issue 536m Over 35 years experience
Slide 5: Hualilan Gold Project - project overview
Hualilan Gold Project - project overview For personal use only ► high grade gold project with historic resource of 627,000 ounces grading 13.7g/t gold #1 Jose Maria Lundin Group ► locked up in a dispute and idle for the past 15 years = no modern exploration Barrick – Shandong Gold ► located in San J
Slide 6: Significant Progress - material upside in the current program
Significant Progress - material upside in the current program For personal use only ► 188 drill holes for 15,023m from 1984-2006 then a Proposed 15 year dispute with ownership fragmented ► some QA/QC information for JORC purposes with core logs and assay certificates available ► maiden 1,500m drill
Slide 7: We will know how big Hualilan is in months
We will know how big Hualilan is in 18 months For personal use only ► mineralisation open in all directions along strike and at depth ► significantly under- drilled with less than 20% of the target structure drilled ► majority of the historical resource lies within 125m of surface ► CEL drilling ext
Slide 8: The only limit to mineralisation is insufficient drilling
The only limit to mineralisation is insufficient drilling For personal use only Mineralisation outcrops at surface Historical drill holes 04-HD-33, 34 & 35 were all drilled well behind the plane of the mineralisation the only drill hole to test the main mineralised zone in 750m of strike encountered
Slide 9: A great start to current 7,500m drilling program
A great start to current 7,500m drilling program For personal use only core from GNDD-013 - 117.6m and 118.9m (assays pending) intersected 7 metres of mineralisation extending the known mineralisation 20 metres along strike Note - quantitative estimates of mineral abundance have not been provided so
Slide 10: Encouraging preliminary results from IP Survey – Cerro Norte
Encouraging preliminary results from IP Survey – Cerro Norte For personal use only First pass review of geophysics is Mineralisation encouraging GNDD-003 ► ground IP survey covering 77 hectares at Cerro CEL drill hole - GNDD-03 (6.1m at 34.6 g/t Au, 21.9 g/t Ag, 2.9% Zn) Norte completed in April 202
Slide 11: Project Execution - Hualilan Gold Project
Project Execution - Hualilan Gold Project For personal use only Aggressive Drilling Program to add Ounces ✓ Initial 1,500m resource extension drill program – successfully extended high-grade mineralisation in multiple directions ? ? ► 7,500m program comprising predominantly resource extension/infill
Slide 12: El Guayabo Gold/Copper Project – project overview
El Guayabo Gold/Copper Project – project overview For personal use only ► 10km along strike from a 17.7-million ounce orebody ► Substantial historical drilling results not followed up in over 25 years: ▪ 156m @ 2.6 g/t Au + 9.7 g/t Ag + 0.2% Cu ▪ 112m @ 0.6 % Cu +0.7 g/t Au +14.7 g/t Ag ▪ 116m @ 0.4
Slide 13: El Guayabo Gold/Copper Project – geological model
El Guayabo Gold/Copper Project – geological model For personal use only CANGREJOS (17 MOz Au) Porphyry Target Porphyry Porphyry Target Target 13
Slide 14: El Guayabo Gold/Copper Project – geophysics
El Guayabo Gold/Copper Project – geophysics 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 – images mineralised breccia bodies
North-South IP Line – images 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 24D Bot
Slide 16: Land position increased 830% providing regional scale
Land position increased 830% to 35 sq. kms providing regional scale For personal use only Colorado V Concession – 23.3 square kilometres (Dec 2019) ► CEL earning a 50% interest in any discovery >150,000 ounces by funding exploration over the next 5 years ► extensive and high-quality historical explo
Slide 17: Colorado V – a potential wildcard for CEL
Colorado V – a potential wildcard for CEL 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 ► partial sampling with the sect
Slide 18: Colorado V – soil geochemistry and initial drilling
Colorado V – soil geochemistry and inital drilling For personal use only Main Colorado V Adit Initial observations: drilling and soil During DD 6 panel samples (2m2) were geochemistry taken from the top 16 metres of the adit. They returned consistently strong gold and copper grades averaging: ► a nu
Slide 19: Colorado V – surface and underground mapping and sampling
Colorado V – surface and underground mapping and sampling For personal use only Photo 2 – Underground Photo 1 – Showing a 300 metre panel sample 38m mark Photo 2 exposure of Porphyry style of Main Colorado V Adit. mineralization observed in the main decline of the Colorado V Dioritic intrusive : Con
Slide 20: El Guayabo Gold/Copper Project – project execution
El Guaybo Gold/Copper Project – project execution 2020 Program – Prepare multiple drill ready targets For personal use only ► channel Sampling/rock saw new porphyry zones in adits ► assay historical Colorado V drill core ► integrate Colorado V soil sampling with CEL’s soil database ► surface/undergr
Slide 21: Karoo Basin Gas Project – a free option
Karoo Basin Gas Project – a free option For personal use only Karoo Basin Project - (Shale Gas) South Africa – 100% ► World-class shale gas province ▪ recoverable resource estimate: 390 trillion cubic feet (tcf) (US EIA, June 2013) ▪ ranked eighth-largest basin for shale gas reserves globally ► Sign
Slide 22: Summary
Summary For personal use only Three world class projects with significant potential Hualilan Gold Project El Guayabo Gold/Copper Project Karoo Basin Project - (Shale Argentina – earning 75% Ecuador – earning up to 100% Gas) South Africa – 100% ▪ high-grade historical resource ▪ exciting near surface
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 CEO & Managing Director CFO & Finance Director Investor Relations +61 411 885 979 +61 413 867 600 +61 408 268 271