Chalice Mining Limited · ASX:CHN
Chalice Mining — Chalice Gold Mines — Noosa Mining and Exploration Investor Conference 2019
32 slides from Chalice Mining's conference presentation, Jul 17, 2019
Slide 1: Noosa Mining and Exploration Investor Conference Presentation
For personal use only Drilling at Pyramid Hill Gold Project Jan-2019 Noosa Mining and Exploration Investor Conference Presentation July 2019 ASX : CHN TSX : CXN
Slide 2: Forward looking statements and disclosures
Forward looking statements and disclosures For personal use only 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 Limit
Slide 3: A unique, well-funded explorer
A unique, District-scale exploration projects in high-grade provinces of Australia well-funded 1 For personal use only explorer • Targeting large scale, high-grade gold and nickel sulphide discoveries in Bendigo (Victoria) and the Kimberley (WA) Unique strong financial position • ~A$19M in cash (est
Slide 4: The O3 Mining transaction further strengthens Chalice's balance sheet
The O3 Mining transaction further strengthens Chalice’s balance sheet and allows the company to focus on its opportunities in Australia For personal use only Quebec projects sale Key terms Benefits for Chalice • East Cadillac and Kinebik • C$12 million in O3 Mining • Maintain upside exposure Gold Pr
Slide 5: Two District-Scale, High Potential Projects in Australia
Two District-Scale, High Potential Projects in Australia For personal use only 1 Pyramid Hill Gold Project 2 King Leopold Nickel Project Location Bendigo, Victoria Location Kimberley, Western Australia Acquisition 2017 (staked) Acquisition 2019 (purchase + staked) Area ~5,140km2 Area ~1,800km2 Owner
Slide 6: Pyramid Hill Gold Project Victoria
Drilling at Pyramid Hill Gold Project, Dec-2018 Pyramid Hill Gold Project For personal use only Victoria 6
Slide 7: Pyramid Hill is located in the hotly contested northern goldfields of Victoria
Pyramid Hill is located in the hotly contested northern goldfields of Victoria – a region that has produced >60Moz of high-grade gold For personal use only N • >60Moz of gold production has come from 50km outcropping (easier to find) areas in the South Bendigo Zone, at an average grade of ~15g/t Au
Slide 8: Kirkland Lake's Fosterville has placed the district back on the global map
Kirkland Lake’s Fosterville has placed the district back on the global map thanks to bonanza gold grades and ultra-low production costs For personal use only Fosterville Mineral Reserves History Op. cash costs guidance 2019 Current Mineral Reserve Ultra-high grade 31.0 Swan Zone US$170- Grade Au (g/
Slide 9: Chalice is positioned well in this underexplored district
Chalice is positioned well in this exciting, underexplored district, with a ~5,140km2 land holding near Fosterville and Bendigo For personal use only Muckleford Area Land use is predominantly low intensity agriculture • NW of historic ~22Moz Bendigo (mix of crops and grazing) high-grade Bendigo Staw
Slide 10: Chalice has defined several large targets under thin cover
Chalice has defined several large targets under thin cover within the prospective and underexplored northern Bendigo Zone For personal use only NSW VIC Four Eagles Northern Bendigo Zone Karri Tandarra Fosterville Melbourne Beech Ironbark Sebastian Zone Bendigo Jarrah Chalice Gold Target Advanced Gol
Slide 11: Wide-spaced shallow AC drilling aims to hit alteration halos
Wide-spaced shallow AC drilling aims to hit alteration halos and secondary dispersion zones in basement, which typically surround gold zones in Victoria For personal use only Conceptual cross section along phase 1 drill lines (representative scale) ~100m Secondary dispersion within weathered basemen
Slide 12: Several gold zones in basement intersected at Karri and Ironbark
Several gold zones in basement have been intersected at the strike-extensive Karri and Ironbark Targets – step-out drilling to commence Q3 2019 For personal use only Karri Target Ironbark Target Muckleford Area • ~39km of shallow recon AC Campbelltown Fault OPEN N Karri drilling completed to date N
Slide 13: Both Targets have a huge footprint comparable to Fosterville and Bendigo
Both Targets have a huge footprint – comparable to Fosterville (>8Moz) and Bendigo (~22Moz) – the size of the prize is significant For personal use only Karri Target Ironbark Target ~22Moz Bendigo Goldfield Campbelltown Fault OPEN N Bendigo N Goldfield outline >8Moz Fosterville ~350m wide zone with
Slide 14: Catalyst Metals have shown high-grade discoveries undercover drive value
Catalyst Metals (ASX: CYL) have shown that high-grade discoveries undercover in this area can drive significant value for shareholders For personal use only Catalyst Metals (ASX: CYL) Share Price (A$) 2.50 HIGH 2.40 • Catalyst’s EV has increased from Hancock ~A$30M to ~A$160M 2.25 St Barbara Limited
Slide 15: King Leopold Nickel Project Western Australia
King Leopold Nickel Project For personal use only Western Australia 15
Slide 16: The King Leopold Nickel Project covers 1,800km2 in the west Kimberley
The King Leopold Nickel Project covers 1,800km2 in the frontier and largely unexplored King Leopold Orogen of the west Kimberley For personal use only • Frontier province highly prospective for 50km magmatic Ni-Cu-Co sulphide deposits • Minimal modern exploration • 2015 Merlin discovery by Buxton WA
Slide 17: Immediate focus is exploring areas east of Merlin discovery
Chalice’s immediate focus is exploring areas east of Merlin discovery, where several nickel sulphide targets have already been defined For personal use only • Merlin hosts drill intercepts with grades up to 8.14% Ni, 5.26% Cu and 0.69% Co → Ruins Dolerite hosts high-grade Ni-Cu-Co sulphides Merlin •
Slide 18: Corporate
For personal use only Corporate 18
Slide 19: Corporate snapshot
Corporate snapshot For personal use only Capital Structure Top Shareholders Equity listings & tickers ASX: CHN | TSX: CXN ASX Shares – on issue 266.6M Tim Goyder (Exec Chairman) 17% TSX Shares – fully diluted 287.1M Share price (ASX) A$0.12 Franklin Templeton 12% Gold & Precious Metals Fund 52 week
Slide 20: Company Highlights
Company Highlights For personal use only Active exploration on district-scale projects in 1 high-grade gold & nickel sulphide provinces 2 ~A$33M in working capital (~A$0.12ps) >A$100M generated from asset sales – team 3 with a solid track record 20
Slide 21: Thank You
For personal use only Thank You Level 2, 1292 Hay Street, West Perth WA 6005, Australia +61 8 9322 3960 info@chalicegold.com www.chalicegold.com linkedin.com/company/chalice-gold-mines twitter.com/chalicegold 21
Slide 22: Appendix
For personal use only Appendix 22
Slide 23: Our strategy is to explore greenfield terranes in premier jurisdictions
Our strategy is to explore greenfield terranes in premier jurisdictions; aiming to address the rapid decline in tier 1 discoveries worldwide Exploration Expenditures and Primary Gold discovered globally For personal use only Tier 1 discoveries (>US$1bn NPV) now represent only ~2% of all discoveries
Slide 24: Board and management team
Board and management team For personal use only Tim Goyder, Executive Chairman • 40+ year industry veteran • Long track record of success as an investor, entrepreneur and company director • Largest shareholder of Chalice (~17%) Dr Kevin Frost, GM – Exploration, BSc (Hons) PhD MAIG • Geologist with 3
Slide 25: Chalice's portfolio also includes several generative exploration opportunities
PORTFOLIO Chalice’s portfolio also includes several generative exploration opportunities, non-operated JVs and investments For personal use only Australia King Leopold Warrego North Nickel Project Copper-Gold Project (70-100%) (85-100%) Flinders River Vanadium Project (100%) Key Project Generative P
Slide 26: Company history and track record
COMPANY HISTORY & TRACK RECORD Our track record is sound; we have acquired well, advanced projects quickly and generated A$100M+ in after-tax proceeds from sales For personal use only Refined strategy to Zara Gold Project in Eritrea sold for focus on early- Zara Gold Project stage $7.5M raised in IP
Slide 27: Appendix: Pyramid Hill Gold Project, Victoria
For personal use only Appendix Pyramid Hill Gold Project, Victoria 27
Slide 28: Pyramid Hill Gold Project: reconnaissance phase targeting a 5Moz+ discovery
PYRAMID HILL GOLD PROJECT We commenced activities in Victoria in Q2 2018 and are in the reconnaissance phase, targeting a 5Moz+ gold discovery undercover For personal use only Mar 2018 Additional 1700km2 staked Pre-Chalice (Muckleford expansion Nov 2018 – July 2019 Minimal modern and Mt William) May
Slide 29: Reconnaissance AC drilling has identified four large-scale targets
PYRAMID HILL GOLD PROJECT Reconnaissance AC drilling has identified four large-scale targets to date on the Muckleford Area For personal use only 1. Karri: shallow gold intersections up to 0.66g/t Au over ~15km of strike, under 50-70m of Murray Basin cover, ~20km west of Four Eagles 2. Ironbark: sha
Slide 30: Two ~350m wide zones of anomalous gold at the Karri Target
PYRAMID HILL GOLD PROJECT Two ~350m wide zones of anomalous gold, 7km apart, have been intersected at the Karri Target For personal use only 30
Slide 31: A ~650m wide zone of anomalous gold at the Ironbark Target
PYRAMID HILL GOLD PROJECT A ~650m wide zone of anomalous gold and pathfinders has been intersected at the Ironbark Target For personal use only 31
Slide 32: Drilling at Muckleford is targeting a Bendigo style deposit
PYRAMID HILL GOLD PROJECT Drilling at Muckleford is targeting a Bendigo style deposit (~22Moz @ 15g/t Au) – the size of the prize is significant For personal use only Schematic cross section showing Saddle and Bedded Reefs Bendigo Goldfield New Chum Line Large, high grade deposit ~2.6Moz @ 15.1g/t A
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