Challenger Gold Limited · ASX:CEL
Challenger Gold — Challenger Exploration — Mines and Money Online Connect @ IMARC 2021
21 slides from Challenger Gold's conference presentation, October 2021
Slide 1: Challenger Exploration Limited
ASX: CEL Mines and Money Online Connect @ IMARC October 19-21 2021 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 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 meeting strict suitabili
Slide 3: Investment Highlights
INVESTMENT HIGHLIGHTS Significant discovery with grade and scale, 11-rigs operating, fully funded • 100% owned Hualilan Gold Project - historical resource of 600,000 oz Au at [10 g/t1] • Underlying intrusion-hosted system with significant scale EL GUAYABO/COLORADO V GOLD- COPPER PROJECT - EQUADOR •
Slide 4: Significant Value Add in the Next 24 Months
SIGNIFICANT VALUE ADD IN THE NEXT 24 MONTHS More drilling in the next 9 months than over the previous two years Corporate Key Executives Fletcher Quinn Kris Knauer Scott Funston Stuart Munroe Sergio Rotondo ASX Ticker CEL Chairman CEO CFO Exploration Mgr COO Share Price 28.0c Over 35 years experienc
Slide 5: Hualilan Is Rare - It Has Both Grade and Scale
HUALILAN IS RARE - IT HAS BOTH GRADE AND SCALE We have come a long way in 18 months but we have much further to go Starting Point January 2020 • Historical underground skarn resource of 500,000 oz Au at [10 g/t]1 • Ownership fragmented and seen as lacking scale and continuity Where are we now (one t
Slide 6: Mineralisation Over 3km of Strike
MINERALISATION OVER 3KM OF STRIKE Large-scale intrusion-hosted gold system underlying a high-grade skarn Sentazon • Potential Bonanza grade zone in the 200 metres up-dip from drilling - 15.6m at 71.7 g/t AuEq including 4.0m at 203.8 g/t AuEq - 64.8m at 28.3 g/t AuEq zinc including 8.8m at 49.3 g/t A
Slide 7: Hualilan Gold Project – In Photo
HUALILAN GOLD PROJECT – IN PHOTO Up to 300 metres of mineralisation up plunge from current drilling Historical workings Cerro Sur looking south from the Magnata Fault Outcrop of high-grade manto up-dip 7
Slide 8: Sentazon Drilling Confirms a Second Deeper Zone
SENTAZON DRILLING CONFIRMS A SECOND DEEPER ZONE Recent drilling has doubled the vertical extent of high-grade mineralisation at Sentazon which remains open • Most recent Sentazon drill results include: • 16.9m at 16.9 g/t AuEq including 7.1m at 32.2 g/t AuEq (GNDD-296) • 50.0m at 1.9 g/t AuEq includ
Slide 9: Continues to Extend at Depth
CONTINUES TO EXTEND AT DEPTH Sentazon likely to have 400-500 metres dip extent Sentazon Manto and Footwall Zones Main Sentazon Manto mineralisation intersected in GNDD-414 from 273.3-277.5m (assays pending). Interval logged as massive sulphides containing 25% pyite-10% shalerite-5% pyrrhotite-1% cha
Slide 10: Recent Magnata Fault Drilling
RECENT MAGNATA FAULT DRILLING Significantly extends high-grade mineralisation • All 33 step out holes on the Magnata Fault successfully intersected mineralisation Verde Zone with results including: • 51.6m at 4.5 g/t AuEq including 7.9m at 27.2 g/t AuEq (GNDD-272) • 96.0m at 2.0g/t AuEq including 4.
Slide 11: Verde Zone Mineralisation
VERDE ZONE MINERALISATION A From a discovery to a 1.5km long continuous zone in 6 months • In an area of no drilling completely under cover with targeting based on geophysics • Mineralisation is hosted in intrusives with an overlying halo in brecciated sediments B • 50-100 metres wide, open below 30
Slide 12: Recent Verde Zone Drilling
RECENT VERDE ZONE DRILLING A Consistent wide zones of mineralisation and higher-grades at depth • Recent drilling includes: - 62.0m at 2.1g/t AuEq and 18.0m at 1.0 g/t AuEq and 26.8m at 1.9 g/t AuEq (GNDD-254) - 35.0m at 2.3 g/t AuEq (GNDD-277 - 49.0m at 2.4 g/t AuEq (GNDD-336) • Better grades at de
Slide 13: A Far Bigger Play Than Extending Within 3km Strike
A FAR BIGGER PLAY THAN EXTENDING WITHIN 3KM STRIKE Exploration has only focussed on one side of the intrusion responsible for Hualilan ✓ Improved results from Met testing High-grade Skarn material ATE supports the concept that • Recoveries of 87-94% (gold) and 84-86% (silver) mineralisation has deve
Slide 14: Regional Mag Data (Magnetic Features) – Five Centres
REGIONAL MAG DATA (MAGNETIC FEATURES) – FIVE CENTRES 20km unexplored stratigraphy and five intrusive centres of the same age ▪ In some of the deeper and more westerly drilling at Verde we Processing of surface magnetic data are seeing a higher temperature skarn assemblage. indicates there are at lea
Slide 15: Similar Footprint to De Grey Mining's Hemi Discovery
SIMILAR FOOTPRINT TO DEGRAY MININGS HEMI DISCOVERY Hemi and Hualilan to scale 6.8 Moz gold $1.3Bn market capitalisation 1 Km <$300m market capitalisation 15
Slide 16: Summary
SUMMARY News flow that comes with 9-rigs on site at Hualilan and 2-rigs drilling in Ecuador Hualilan Project, Argentina • Ongoing news flow that comes with 9 rigs • A number of new zones and higher success rates as we better understand the mineralisation – magnetics and IP are important • We are get
Slide 17: Company Strategy
COMPANY STRATEGY 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 operation in the near term P
Slide 18: 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 Kris Knauer Scott Funston Elvis Jurcevic Jane Morgan CEO & Managing Director CFO & Finance Director Investor Relations Media Relations +61 411 885 979 +61 413 867 600 +61 408 26
Slide 19: Appendix 1 Hualilan Gold Project
Appendix 1 Hualilan Gold Project Foreign Historical Resource and References
Slide 20: Current Historical Non-JORC Resource
CURRENT HISTORICAL NON-JORC RESOURCE Historical drilling failed to test the Sanchez fault due to the topography 15.6m at 71.7 g/t AuEq La Mancha Resources 2003 foreign resource estimate for the Hualilan Project ^ (SNV10-01) Tonnes AuEq Grade Gold Equivalents Category (kt) (g/t) (koz) Measured 218 14
Slide 21: Reference to Previous ASX Releases
REFERENCE TO PREVIOUS ASX RELEASES Previous ASX Releases referred to in this presentation Date Title Drilling Results Extend Verde Zone at Hualilan Gold Project 27 Sep 2021 to 1.5 kilometres of continuous mineralisation Hualilan drilling confirms a second deeper zone and doubles 12 Aug 2021 the vert
Challenger Exploration — Mines and Money Online Connect @ IMARC 2021 on 6ix