Challenger Gold Limited · ASX:CEL
Challenger Gold — Challenger Exploration — Investor Presentation (July 2020)
23 slides from Challenger Gold's investor presentation, Jul 31, 2020
Slide 1: Corporate Presentation | Shareholder Webinar July 2020
Corporate Presentation | Shareholder Webinar July 31 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 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 3: Overview – two complementary assets being advanced aggressively
Overview – two complementary assets being advanced aggressively For personal use only Our Aspiration is to become a globally significant gold producer which our current assets will support Hualilan Gold Project El Guayabo Gold/Copper Project Argentina – earning 75% Ecuador – earning up to 100% ▪ loc
Slide 4: Corporate Overview – Fully funded for a transformational program
Corporate Overview – Fully funded for a transformational program For personal use only Corporate Key Executives ASX Ticker CEL Fletcher Quinn Kris Knauer Scott Funston Stuart Munroe Sergio Rotondo Share Price (10 July 2020) 22c Chairman CEO CFO Exploration Mgr COO Current Shares on Issue 648.7m Over
Slide 5: Hualilan Gold Project – Overview
Hualilan Gold Project – Overview For personal use only Project Key Points Jose Maria ► high grade gold project with historic resource of 627,000 Oz at Lundin Group 13.7g/t gold [assume 10 g/t AuEq]#1 Barrick – Shandong Gold ► mineralisation remains open in all directions with no signed of weakening
Slide 6: Significant Progress - material upside in the current program
Significant Progress - material upside in the current program For personal use only ► 188 historical drill holes for 15,023m from 1984-2006 then a 15 year dispute with ownership fragmented Proposed ► CEL’s maiden 1,500m drill program extremely Proposed successful. Extended mineralisation in multiple
Slide 7: High-grade mineralisation remains open in all directions - limited by drilling
High-grade mineralisation remains open in all directions - limited by drilling Mineralisation at Hualilan comprises 2 distinct orientations For personal use only Mineralisation outcrops at surface Historical drill holes 04-HD-33, 34 & 35 were all controlled by regional east-west faults drilled well
Slide 8: Conceptual intrusion-hosted target covering 1km of strike under the high-grade mineralisation
Conceptual intrusion-hosted target covering 1km of strike under the high-grade mineralisation with the potential to be much larger For personal use only ► New Discovery of Intrusion-hosted Gold (porphyry dacite) ▪ 50m at 1.4 g/t Au, 3.4 g/t Au from 53m (GNDD-025) ▪ 116m at 1.1 g/t Au, 4.0 g/t Ag fro
Slide 9: Porphyry targets are contiguous to and directly underlie the high-grade
Porphyry targets are contiguous to and directly underlie 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 do
Slide 10: Project Execution – The next months will deliver significant value
Project Execution – The next 8 months will deliver significant value For personal use only Aggressive Drilling Program to add Ounces followed by development studies once we have critical mass ✓ 7,500m program comprising predominantly resource extension/infill drilling – off to a great start and resu
Slide 11: Hualilan Project – holes pending immediately followed by 35,000 metres
Hualilan Project – 65 holes pending immediately followed by 35,000 metres ▪ current 7500 metre drill For personal use only program will be complete in 30 days Cerro Norte ▪ this will comprise a total of 80 Drill Program drill holes (blue holes ? pending) ▪ the Company has only Cerro Sur reported res
Slide 12: El Guayabo Gold/Copper Project – project overview
El Guayabo Gold/Copper Project – project overview For personal use only ► 35km2 land package 10km along strike from a 17.7-million ounce orebody which is going through permitting ► 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 ▪
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 large undrilled mineralised breccia bodies
North-South IP Line – images 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)
Slide 16: New bulk gold Discovery at Colorado V in Ecuador
New bulk gold Discovery at Colorado V in Ecuador 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 exploration program ► si
Slide 17: Colorado V – surface and underground mapping and sampling
Colorado V – surface and underground mapping and sampling For personal use only Underground Panel Photo 1 – Showing a 300 metre Sampling Program - Photo 2 exposure of Porphyry style Main Colorado V Adit. mineralization observed in the main decline of the Colorado V Panel Sample CVUR 38: Concession.
Slide 18: Colorado V - First Assays Confirm Discovery of a Large Gold System
Colorado V - First Assays Confirm Discovery of a Large Gold System 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 fee
Slide 19: Aim is to generate a JORC Resource before any significant expenditure
Aim is to generate a JORC Resource before any significant expenditure ► located at the northern end of a 500-metre strike zone defined by small scale For personal use only underground mine working ► it does not appear to be traditional porphyry mineralisation: - <1% sulphides and mineralisation appe
Slide 20: Large scale bulk gold system surrounding the existing high grade workings
Large scale bulk gold system surrounding the existing high grade workings For personal use only ► discovery is located on a 500-metre ZK0-2: 151m at 0.9 g/t Au, 3.8 g/t Ag trend defined by small scale ZK1-5: 146m at 1.5 g/t Au, 1.7 g/t Ag underground mine workings ► mineralised zone appears to be: •
Slide 21: Untested anomalies analogous to the adjoining Moz Cangrejos deposit
Untested anomalies analogous to the adjoining 17 Moz Cangrejos deposit For personal use only ► number of high tenor gold and 500m porphyry style mineralisation copper in soil anomalies > 1km2 incl 200m with visible chalcopyrite D in size ► historical drilling has not Panel samples main adit: optimal
Slide 22: Company Strategy
Company Strategy For personal use only Our Aspiration is to become a globally significant gold producer Company Strategy Hualilan Gold Project El Guayabo Project Argentina Ecuador ▪ Hualilan to provide a high-grade low ▪ high-grade historical resource ▪ exciting traditional near surface capex operat
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 Jane Morgan CEO & Managing Director CFO & Finance Director Media Relations +61 411 885 979 +61 413 867 600 +61 405 555 618 kris.k
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