Challenger Gold Limited · ASX:CEL
Challenger Gold — Challenger Exploration — RIU Sydney Resources Round-up 2023
26 slides from Challenger Gold's conference presentation, May 9, 2023
Slide 1: RIU Sydney Resources Round-up Conference Presentation
ASX Release 9 May 2023 RIU Sydney Resources Round-up Conference Presentation 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 RIU Sydney Resourc
Slide 2: RIU Sydney Presentation
For personal use only ASX: CEL RIU Sydney Presentation 9-11 May 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 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: Challenger Exploration Snapshot
CHALLENGER EXPLORATION SNAPSHOT Two significant discoveries, both with grade and scale, provide strategic flexibility • Hualilan Gold Project (100% - San Juan) - 2.8 Moz1 resource remains open High-grade system overlying a large intrusion-hosted discovery For personal use only • EL GUAYABO/COLORADO
Slide 5: Corporate Snapshot
CORPORATE SNAPSHOT Several near term significant and value accretive milestones Key Executives Capital Structure Kris Knauer Sergio Rotondo Mike Zivcic Scott Funston Stuart Munroe CEO (Director) (Exec Director) COO CFO Exploration Mgr For personal use only ASX Ticker CEL Share Price (as at 20 Feb 20
Slide 6: Key Milestones Over the Next Months
KEY MILESTONES OVER THE NEXT 6 MONTHS Delivery of several significant and value accretive milestones over the next 6 months Hualilan Gold Project, Argentina El Guayabo Project, Ecuador For personal use only • Upgraded 2.8Moz MRE based on 200,000m of drilling: • Ongoing Drill results – 100% owned gro
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 MRE increases to 2.8 million ounces (AuEq)1 . For personal use only • Significant increase in the high-grade component
Slide 9: Mineralisation Remains Open at Depth and Along Strike
MINERALISATION REMAINS OPEN AT DEPTH AND ALONG STRIKE Several zones of high-grade starter material near surface For personal use only 0m 500m 4.0m at 5.8 g/t AuEq from 1009m (deepest hole ended in mineralisation) 8
Slide 10: Scoping Study making excellent progress
Scoping Study making excellent progress 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 • Pit and undergrou
Slide 11: MRE Block Model Type Sections
For personal use only MRE Block Model Type Sections The 2.8 Moz MRE remains open 10
Slide 12: High-Grade Mineralisation Open at Depth
HIGH-GRADE MINERALISATION OPEN AT DEPTH Several locations over the 2.2 kilometres of strike that will be followed up with deeper drilling Verde High Grade mineralisation For personal use only • Verde 115 domain contribution to MRE: i. Open Pit – 459,000 Oz ii. Underground – 120,000 Oz at 3.7 g/t AuE
Slide 13: 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 • Building towards a district scale 600 km2 footprint: For personal use only ▪ 235 km2 granted to CEL ▪ 329 km2 pending grant (registered in Mining Ca
Slide 14: 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 For personal use only early results developing significant new targets. • High-grade Au-Ag stream sedime
Slide 15: El Guayabo/Colorado V Project, Ecuador
For personal use only El Guayabo/Colorado V Project Ecuador 14
Slide 16: 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 (2021-2023) 1 Source Lumina Gold (TSX: LUM) PEA June 2020 • 5 kilometres along stri
Slide 17: 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 • 25,000m resource drill out will Area of MRE drill out focus on GY-A anomaly. ~ 900m strike GY-A For personal use only • GY-A contains the si
Slide 18: Main Discovery Zone (GY-A) High-Grade Copper Block
MAIN DISCOVERY ZONE (GY-A) HIGH-GRADE COPPER BLOCK Provides a coherent high-grade core of mineralisation with dimensions of 250 metres x 125 metres For personal use only Insert cu breccia plan view map GY-B 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) 17
Slide 19: For personal use only
A B For personal use only 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 ? 1.2 kilometres 18
Slide 20: 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 • Au-Cu soil anomalies 1km x 0.5km 1 Source Lumina Gold (TSX : LUM) PEA June 202
Slide 21: Valuation and Milestones
For personal use only Valuation and Milestones 20
Slide 22: 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 $0.15 • As we execute over the next 6-9 months there will be several For personal use only valuation cataly
Slide 23: Company Strategy
COMPANY STRATEGY - Deliver key milestones in Argentina and Ecuador and create value for CEL shareholders Our Aspiration is to become a globally significant gold producer For personal use only Hualilan Gold Project El Guayabo Project Company Strategy Argentina Ecuador • Hualilan to provide a high-gra
Slide 24: 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 23
Slide 25: Hualilan Gold Project - Mineral Resource Estimate
HUALILAN GOLD PROJECT - MINERAL RESOURCE ESTIMATE JORC 2012 Compliant MRE released Mar 2023 and references 1 Gold Equivalent (AuEq) values El Guayabo Project- Requirements under the JORC Code • Assumed commodity prices for the calculation of AuEq is Au US$1780 Oz, Ag US$22 Oz, Cu US$9,650 Total MRE
Slide 26: 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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