Chalice Gold Mines — Africa Down Under 2012
19 slides from Chalice Gold Mines's conference presentation, September 2012
Slide 1: Chalice: A new chapter begins
Chalice: A new chapter begins • Cash: $80M expected net cash following sale of Zara asset • Today’s opportunity: Drilling in world-class VMS field • Tomorrow’s potential: Seeking world-class projects AFRICA DOWNUNDER 2012
Slide 2: Disclaimer and Competent Persons Statement
Disclaimer and Competent Persons Statement • This presentation does not include all available Information on Chalice Gold Mines Limited and should not be used in isolation as a guide to investing in the Company. Any potential investor should also refer to Chalice Gold Mines Limited Annual Reports an
Slide 3: Overview
Overview Divestment of Eritrean gold asset a catalyst for new phase of growth… • Dual-listed international mining company (ASX: CHN, TSX: CXN) – Strong track record of identifying, securing & developing quality resource assets • Acquired and brought Zara Gold Project to cusp of production • Imminent
Slide 4: Corporate Snapshot
Corporate Snapshot An experienced team with global capability – dual-listed on ASX/TSX Capital Structure: Shareprice ~A$0.25 Shares on Issue 250 million Market Capitalisation ~A$62.5 million Options on Issue 7 million Debt - Cash & Receivables ~A$80 million* Board and Senior Management Substantial S
Slide 5: Current Regional Focus: the Arabian-Nubian Shield
Current Regional Focus: the Arabian-Nubian Shield Strong strategic foothold in one of the world’s exploration “hot spots” Feasibility • Long mining history (+1,000 recorded ancient copper and gold mines) • Minimal modern exploration • World-class projects now being developed 5
Slide 6: Current Ground Position - Eritrea
Current Ground Position - Eritrea Tenements encompass high-grade gold deposit and outstanding exploration potential… 60:40 JV with ENAMCO 6
Slide 7: All the Right Geological Ingredients
All the Right Geological Ingredients…. ….but with very little modern exploration coverage • Favourable Geology – Granite-greenstone style geology – Properties straddle Elababu Shear Zone – deep crustal-scale regional structure: ‘gold fairway’ • Multiple gold targets – Hurum – Western side of Mogorai
Slide 8: Mogoraib North: On the Doorstep of a Giant
Mogoraib North: On the Doorstep of a Giant On the doorstep of one of the world’s premier new VMS mines 8
Slide 9: Mogoraib North Exploration Licence
Mogoraib North Exploration Licence Primary target polymetallic VHMS but gold potential as well • 550 sq km tenement • Regional geology & stream sediment geochem completed • VTEM survey ~3825 line kilometres • Numerous bedrock conductor targets identified – VHMS? • Follow-up ground geophysics and soi
Slide 10: Mogoraib North – Exploration Environment
Mogoraib North – Exploration Environment Primary target polymetallic VHMS but gold potential as well Bisha 10
Slide 11: Mogoraib North VTEM Anomalies
Mogoraib North VTEM Anomalies Looking for bedrock conductors with coincident gravity anomalies Gravity VTEM Profiles - Anomaly MN-T042 11
Slide 12: Mogoraib North – VTEM Targets & Drilling
Mogoraib North – VTEM Targets & Drilling Looking for bedrock conductors with coincident gravity anomalies Area C T67 11 MOGD-0010 • Diamond drilling – 11 holes, 2,365m completed of initial 5,000m program • No assays yet available • Drilling currently suspended due to wet season flooding • Recommenci
Slide 13: Mogoraib North – Stream Sediment Gold Anomalies
Mogoraib North – Stream Sediment Gold Anomalies Looking for bedrock conductors with coincident gravity anomalies Gold ppb Mapped Artisanal Workings Stream Sediment Sample Area C Area C 5km 13
Slide 14: Mogoraib North – Area C Gold
Mogoraib North – Area C Gold Looking for bedrock conductors with coincident gravity anomalies 14
Slide 15: Mogoraib North – Area C Soil Geochemistry
Mogoraib North – Area C Soil Geochemistry Looking for bedrock conductors with coincident gravity anomalies 500m 500m 500m 500m 15
Slide 16: Business Development Focus
Business Development Focus A significant war-chest to secure quality new opportunities with potential to add value • Aiming to put $80 million to work • Preference for advanced exploration or development stage opportunities with growth potential • Preference for gold or gold-copper (± silver) but wi
Slide 17: Summary: A New Chapter Begins
Summary: A New Chapter Begins Cash, Exploration Potential, Opportunity • Divestment of Zara Project completed: settlement imminent • $80M expected treasury • Cash-backing = 32cps • VHMS & gold targets at Mogoraib North & Hurum • Hunt for new opportunities underway 17
Slide 18: Analyst Coverage
Analyst Coverage AUSTRALIA EUROPE Bell Potter Ambrian Partners Limited Trent Allen Adam Kiley E: tcallen@bellpotter.com.au T: +612 9231 0880 E: adam.kiley@ambrian.com T: +44 20 7634 4777 Paterson Securities Limited Simon Tonkin E: STonkin@psl.com.au T: +618 9225 2816 NORTH AMERICA Stifel Nicolaus Jo
Slide 19: Chalice: A new chapter begins
Chalice: A new chapter begins • Cash: Expected net cash on hand $80M • Today’s opportunity: Drilling in world-class VMS field • Tomorrow’s potential: Seeking world-class projects AFRICA DOWNUNDER 2012