Chalice Mining Limited · ASX:CHN
Chalice Mining — Chalice Gold Mines — Australian Nickel Conference 2020
36 slides from Chalice Mining's conference presentation, Oct 6, 2020
Slide 1: Exciting new high-grade PGE-Ni-Cu-Co discovery in WA
For personal use only Exciting new high-grade PGE-Ni-Cu-Co discovery in WA Australian Nickel Conference, Perth – 6 October 2020 ASX: CHN | OTCQB: CGMLF
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: We have a proven generative business model
We have a proven generative business model: A unique, well- 1 • Acquire, discover and define mines funded exploration • Progress and divest assets with discipline For personal use only specialist An excellent track record: • A major greenfield PGE-Ni-Cu-Co discovery in WA 2 • ~A$110M1 generated from
Slide 4: Chalice's portfolio includes an exciting new discovery in West Yilgarn
Chalice’s portfolio includes an exciting new discovery in the new West Yilgarn Ni-Cu-PGE Province in WA + several other generative opportunities For personal use only Julimar Nickel-Copper-PGE Project, WA • New greenfield PGE-Ni-Cu-Co sulphide discovery in Mar-2020 1 • 19m @ 8.4g/t Pd, 2.6% Ni, 1.0%
Slide 5: Tight capital structure and strong financial position
We have a tight capital structure Capital Structure and Financials and a strong financial position Equity listings Shares out. 307.5M Market capitalisation ASX: CHN Shares (F/D) 325.9M ~A$800M (@ A$2.60ps) Top Shareholders1 OTCQB: CGMLF For personal use only Tim Goyder (Chairman) Long term holder si
Slide 6: Julimar Nickel-Copper-PGE Project, Western Australia
JD006 core specimen at Julimar Ni-Cu-PGE Project, Jun-2020 Julimar Nickel- Copper-PGE Project For personal use only Western Australia 6
Slide 7: High-grade PGE-Ni-Cu-Co intersected in the very first drill hole at Julimar
High-grade PGE-Ni-Cu-Co intersected in the very first drill hole at Julimar, uncovering a remarkable new discovery in a completely new province For personal use only • ~70km NE of Perth, with direct access to major highway, rail, power and port infrastructure • ~26km long layered ultramafic-mafic in
Slide 8: Gonneville is an exceptional new PGE-nickel-copper-cobalt discovery
Gonneville is an exceptional new PGE-nickel-copper-cobalt discovery with the potential to deliver a world-class deposit For personal use only • ~1.6km x ~0.8km intrusion, open to the north-west • Five shallow high-grade PGE-Ni-Cu-Co+/- Au zones defined to date (G1-G5) over ~550 x ~350m footprint (al
Slide 9: Five wide high-grade zones defined to date remain open
The five wide high-grade zones defined to date strike over up to ~550m and remain open along strike and down-dip For personal use only OPEN Julimar Nickel-Copper-PGE Project G1 (discovery) and G2 Zones: Gonneville G1-G5 Zones 3D View (looking North-East) • ~5-40m wide 5 October 2020 • Pd-Ni dominant
Slide 10: Stacked high-grade G1-3, G5 Zones remain open at depth
The westerly dipping, stacked high-grade G1-3, G5 Zones have up to ~340m of dip extent and remain open at depth For personal use only JD013 massive/matrix sulphides from 239-264m Drill holes RC – assayed RC – assays pending DDH – assayed DDH – assays pending Geology Cover/Laterite Gabbro Saprolite G
Slide 11: G4 Zone and Eastern Contact host wide PGE-Cu intervals
The G4 Zone and the newly identified Eastern Contact host several wide PGE- Cu intervals associated with the intrusion contact For personal use only G4 Zone: • ~20m wide • Pd-Pt-Cu+/-Au dominant • Open along strike and down-dip • Associated with contact • 25.7m @ 3.9g/t Pd, 2.3g/t Pt, 0.7g/t Au, 0.2
Slide 12: Eastern Contact target position
The Eastern Contact target position includes several wide-spaced PGE-Cu+/- Au intersections along ~1.2km of strike For personal use only JD002 massive sulphides at ~49.5m (pyrrhotite-pentlandite- chalcopyrite) JD002 matrix/net-textured sulphides at ~90.5m (pyrrhotite-pentlandite- chalcopyrite) Geolo
Slide 13: First test of new deep EM target (Conductor 'X')
The first test of a new deep EM target (Conductor ‘X’) is currently underway – a significant ~800m step-out beyond the high-grade zones For personal use only 13
Slide 14: Wide PGE-Ni-Cu intervals indicate potential for very large-scale deposit
The wide PGE-Ni-Cu intervals associated with disseminated sulphides indicate the potential for a very large-scale deposit For personal use only 14
Slide 15: Large EM anomalies identified north-east of Gonneville
Several large EM anomalies recently identified to the north-east of Gonneville, all are yet to be tested (access pending) For personal use only Historical surface sampling over regional magnetics (TMI-RTP) 2020 Airborne EM (channel 15) May 2020 Sept 2020 N 15
Slide 16: Strong demand growth drives Palladium to record highs
Strong demand growth and lack of new sources of supply is driving the critical metal Palladium to record highs For personal use only The Platinum Group Elements (PGE): Palladium Market • Pd in deficit for nine consecutive years – recent record price of US$2,856/oz reached in Feb 2020 • Demand growth
Slide 17: Accelerated drilling and metallurgical testwork underway
Accelerated drilling and metallurgical testwork program underway – aiming to define a maiden Mineral Resource by June 2021 For personal use only 2020 Jul Aug Sept Oct Nov Dec Julimar Project, WA Access Approvals Julimar State Forest CMP Stage 1 Julimar State Forest Geophysics DHEM Airborne EM Soil S
Slide 18: Hawkstone Nickel-Copper-Cobalt Project, Western Australia
Hawkstone field reconnaissance, Jun-2019 Hawkstone Nickel-Copper- Cobalt Project For personal use only Western Australia
Slide 19: Hawkstone covers 1,800km2 in the King Leopold Orogen
The Hawkstone Nickel-Copper-Cobalt Project covers 1,800km2 in the frontier and largely unexplored King Leopold Orogen of the west Kimberley For personal use only 600,000mE 700,000mE 800,000mE • Frontier province highly prospective for 8,200,000mN 50km magmatic Ni-Cu-Co sulphide deposits N • Minimal
Slide 20: Immediate focus is the Ruins Area
Chalice’s immediate focus is the Ruins Area, where several nickel sulphide targets have already been defined For personal use only • Merlin (IGO-Buxton) hosts drill intercepts in Ruins Dolerite with grades up to 8.14% Ni, 5.26% Cu and 0.69% Co Merlin (IGO-Buxton) Several high- • 11 airborne EM targe
Slide 21: So why invest in Chalice?
So why invest in Chalice? For personal use only The new PGE-Ni-Cu-Co discovery at Julimar in WA 1 has significant scale potential and has opened up a new mineral province – resource drill-out underway Two rigs drilling at the Pyramid Hill Gold Project in Vic 2 on exceptional scale targets, close to
Slide 22: 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 ASX : CHN | OTCQB: CGMLF
Slide 23: The Chalice Story – Appendix
The Chalice Story For personal use only Appendix 23
Slide 24: Company history
COMPANY HISTORY Since our 2006 IPO, we have acquired well, advanced projects quickly and generated >A$110M in after-tax proceeds1 from asset sales For personal use only 2012 2020 Zara Gold Project in Major Ni-Cu- Eritrea sold for PGE discovery 2006 2016 ~US$114M (pre-tax) at Julimar $7.5M raised in
Slide 25: Team
TEAM We are a dynamic and entrepreneurial group of accomplished mine finders and disciplined commercial managers For personal use only We have people who know People who know how to finance and how to find mines… commercialise them Dr Kevin Frost Tim Goyder GM – Exploration, BSc (Hons) PhD MAIG Chai
Slide 26: Strategy
STRATEGY Our strategy is to systematically acquire and explore in premier terranes; aiming to address the rapid decline in tier-1 scale discoveries worldwide For personal use only Exploration Expenditures and Primary Gold discovered globally Tier-1 scale discoveries (>US$1bn NPV) now represent only
Slide 27: Portfolio
PORTFOLIO Chalice’s portfolio includes district-scale precious and base metal projects as well as several royalties, investments and non-operated JVs For personal use only Australia Hawkstone Warrego North Copper-Gold JV Nickel-Copper- (NT Bullion earning 75%) Cobalt Project Royalties (85-100%) Flin
Slide 28: Pyramid Hill Gold Project, Victoria
Drilling at Pyramid Hill Gold Project, Oct-2019 Pyramid Hill Gold Project For personal use only Victoria 28
Slide 29: Why gold in Victoria? The prospect of another Fosterville
Why gold in Victoria? The prospect of finding another Fosterville Gold Mine For personal use only Northern Bendigo Zone (32Moz undiscovered gold endowment) N >60Moz Au produced since 1850’s from outcropping 50km South Bendigo Zone, at a avg grade of ~15g/t Au 90% of mines had a recovered grade >8.5g
Slide 30: Chalice staked a >5,000km2 unexplored land holding
As an early mover, Chalice staked a >5,000km2 essentially unexplored land holding surrounding two world-class gold deposits For personal use only • The success of Fosterville has attracted significant new players into the district: • Chalice positioned itself early and strategically, with a focus on
Slide 31: Regional scale faults continue north into Chalice's tenure
The world-class gold deposits are controlled by regional scale faults, which continue to the north into Chalice’s tenure → follow the strike For personal use only NSW VIC Northern Four Eagles Bendigo Zone Tandarra Extension of these regional scale faults Fosterville ~9Moz Karri under cover evident M
Slide 32: Dispersion of gold and pathfinder metals used to vector under cover
Dispersion of gold and pathfinder metals such as arsenic and antimony is used to vector towards gold under cover For personal use only Dispersion footprints of major gold deposits in Vic Our shallow, wide-spaced air- core drilling approach Arsenic (we are close) ~9 Drill Line 1 3-5km Antimony (getti
Slide 33: Systematic value-add approach: find the big gold systems first
Chalice has adopted a systematic value-add approach – ‘find the big gold systems first’ For personal use only • Our Project covers hundreds of kilometres of prospective strike: • Muckleford (>300km) • Mt William (>75km) • Percydale (>40km) • Prior to Chalice most of the area essentially un-drilled •
Slide 34: Karri Prospect: large gold system confirmed at depth
1. KARRI PROSPECT Initial geological holes have confirmed a large gold system at depth below the >4km long gold trend at the Karri Prospect For personal use only • Maiden 6 hole diamond program for structure / geology recently completed • First ever test at depth into a ‘blind target’ • All six diam
Slide 35: Karri Prospect: initial diamond holes
1. KARRI PROSPECT The initial diamond holes provided a first glance at the geology and compelling targets for the current phase of diamond drilling For personal use only 35
Slide 36: Karri Prospect: AC drilling
1. KARRI PROSPECT Pyramid Hill Gold Project Karri Prospect For personal use only AC Drilling over Aerial Imagery August 2020 AC Drilling Max Gold Contours >0.025g/t >0.1g/t >1g/t 36
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