Chalice Mining Limited · ASX:CHN
Chalice Mining — Chalice Gold Mines — Investor Presentation (November 2010)
21 slides from Chalice Mining's investor presentation, Nov 1, 2010
Slide 1: November 2010
November 2010 www.chalicegold.com Oe; ott, ea] Se FRY oo G Ot oD MIN E §
Slide 2: Disclaimer and Competent Persons Statement
Disclaimer and Competent Persons Statement For personal use only This presentation may contain value references and "forward looking statements“ which are subject to various risks and uncertainties that could cause actual results and future events to differ materially from those expressed or implied
Slide 3: Corporate Snapshot and Capability
Corporate Snapshot and Capability For personal use only Capital Structure Share price A$0.71 Shares on issue 211 million Market capitalisation A$150 million Options on issue 13.1 million Debt ‐ Cash A$14m Board Senior Management Tim Goyder Executive Chairman Steven Chadwick Project Studies Manager D
Slide 4: Eritrea Project Snapshot
Eritrea Project Snapshot For personal use only Chalice Ch li isi a gold ld d development l t company iin th the hi highly hl prospective ti and d underexplored Arabian‐Nubian Shield high grade low cost Zara Project in Eritrea Chalice is developing the high‐grade, Open pit ‐ 760,000oz Ore Reserve @ 5
Slide 5: The Opportunity
The Opportunity For personal use only Chalice will be a high grade, low cost producer 6 800 Grade (g/t) Cash Costs 5 700 de (g/t) Cash C 4 600 Costs (US$/o Reserve Grad 3 500 2 400 oz) R 1 300 0 200 Centamin Perseus Crew Cluff Banro Adamus Avocet MDL Noble SEMAFO Chalice Noble cost of production inf
Slide 6: Comparative Market Valuations
Comparative Market Valuations For personal use only However, Chalice trades significantly below its African peers 2,543 700 600 EV / Reserves (A$/oz) 500 400 300 200 100 ‐ Banro Chalice Crew Noble Adamus Centamin Avocet Perseus MDL Cluff SEMAFO Enterprise values adjusted for in‐the‐money options. 5
Slide 7: Where is Eritrea?
For personal use only 6 Where is Eritrea?
Slide 8: The Arabian Nubian Shield
The Arabian Nubian Shield For personal use only Centamin Sukari Citadel Jabal Sayid 15 year 10 year 500 koz pa Au 61 kt pa Cu La Mancha Hassai Chalice Zara Nevsun 6 year Bisha 156 koz pa + VMS 7 year 104 koz pa Au >10 year Au, Ag, Cu, Zn The Zara Project is located within southern Arabian‐Nubian +20
Slide 9: Arabian-Nubian Shield Companies
Arabian‐Nubian Shield Companies For personal use only Chalice set for significant growth Market Capitalisation Growth Company DFS Completion First Production A$2,926 m at Centamin A$646 m 353% Growth last trade A$1,093 m at Nevsun A$386 m 183% Growth last trade Subject to A$1.25 billion Citadel A$53
Slide 10: Zara Project Location
Zara Project Location For personal use only 9
Slide 11: The Mine Site
For personal use only 10 The Mine Site
Slide 12: Koka Gold Deposit
Koka Gold Deposit For personal use only Indicated Resource of contained gold 840,000 , Oz ~600m strike length Probable Reserve of contained gold 760,000 Oz *Both based on 1.2 g/t cut‐off 11
Slide 13: Koka Outstanding Returns
Koka Outstanding Returns For personal use only 160000 900 Production 140000 800 US$/oz) Production (koz) 120000 700 Cash costs 600 Cash Costs (U 100000 500 80000 400 60000 300 40000 200 20000 100 0 0 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 150 Distributions Cash flow to equity Cash Flow (U
Slide 14: Koka Development Schedule
Koka Development Schedule For personal use only Calendar Year 2010 2011 2012 2013 Quarter Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Maiden Reserve Feasibility Study COMPLETED Release 43‐101 TSX listing Zara Permitting Funding Period Construction Pre‐Strip First Production 13
Slide 15: Chalice - Exceptional Exploration Upside
Chalice‐ Exceptional Exploration Upside For personal use only K k M Koka i Main Resistivity Anomaly Koka South Resistivity Anomaly 14
Slide 16: Koka Near Mine Targets
Koka Near Mine Targets For personal use only Zara North Gold Anomalies Koka Konate Fah 2 km 15
Slide 17: Regional Geochemical Sampling
Regional Geochemical Sampling For personal use only 16
Slide 18: Mogoraib - Next Door to Bisha
Mogoraib‐ Next Door to Bisha For personal use only Mogoraib EL Mel Melih Harena Bisha Hambok Ashelli 10 km 17
Slide 19: Exploration Timeline
Exploration Timeline For personal use only Exploration program to generate strong news flow Calendar Year 2010 2011 Quarter Q2 Q3 Q4 Q1 Q2 Q3 Q4 Induced Polarisation (IP) Survey Helicopter Magnetics & Radiometrics Helicopter VTEM Geochemical Sampling and Mapping Drilling 18
Slide 20: Analysts Starting to Cover Chalice's Story
Analysts Starting to Cover Chalice’s Story For personal use only A Australia li Southern Cross Equities Peter Chapman E: p pchapman@sceq.com.au p q T: +612 9231 0880 Paterson Securities Limited Simon Tonkin E: STonkin@psl.com.au T: +618 9225 2816 Agronaut Limited Troy Irvin E: troy@argonautlimited.c
Slide 21: November 2010
November 2010 www.chalicegold.com Oe; ott, ea] Se FRY oo G Ot oD MIN E §
Chalice Gold Mines — Investor Presentation (November 2010) on 6ix