Challenger Gold Limited · ASX:CEL
Challenger Gold — Challenger Exploration — Virtual Gold Conference 2022
26 slides from Challenger Gold's conference presentation, Feb 8, 2022
Slide 1: Virtual Gold Conference Presentation (ASX Release)
ASX Release 8 February 2022 Virtual Gold Conference Presentation For personal use only 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 Virtual
Slide 2: Virtual Gold Conference
For personal use only ASX: CEL Virtual Gold Conference 10 February 2022 Hualilan Gold Project : Cerro Sur looking north to Cerro Norte Challenger Exploration Limited Argentina and Ecuador Gold / Copper Projects
Slide 3: Important Notices and Disclaimer
IMPORTANT NOTICES AND DISCLAIMER For personal use only 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 documentation and only to investors me
Slide 4: Investment Highlights
INVESTMENT HIGHLIGHTS Significant discovery with grade and scale, 11-rigs operating, fully funded For personal use only • 100% owned Hualilan Gold Project - historical resource of 500,000 oz Au at [10 g/t1] • Underlying intrusion-hosted system with significant scale EL GUAYABO/COLORADO V GOLD- COPPE
Slide 5: Hualilan Gold Project (Aerial View)
HUALILAN GOLD PROJECT (Aerial View) Late Stage Intrusive Breccia (post mineral)
Slide 6: Mineralisation Over 3km of Strike
MINERALISATION OVER 3KM OF STRIKE Large-scale intrusion-hosted gold system underlying a high-grade skarn For personal use only Sentazon Flor de Hulailan Adit 13.0m at 15.5 g/t AuEq inc 8.5m at 21.9 g/t AuEq • Potential Bonanza grade zone in the 200 metres up-dip being drilled now - 15.6m at 71.7 g/t
Slide 7: Hualilan Is Rare - It Has Both Grade and Scale
HUALILAN IS RARE - IT HAS BOTH GRADE AND SCALE We have come a long way in 2 years but we have much further to go For personal use only Starting Point January 2020 • Historical underground skarn resource of 500,000 oz Au at [10 g/t] • Ownership fragmented and seen as lacking scale and continuity Wher
Slide 8: Hualilan Gold Project Recent Developments
For personal use only Hualilan Gold Project Recent Developments
Slide 9: Initial Exploration Drilling
INITIAL EXPLORATION DRILLING Significant extensions and several new high-grade drill targets • Results from a series of exploration holes designed to test new concepts and extend For personal use only mineralisation away from existing boundaries included: • 97.8m at 2.2 g/t AuEq including 16.8 at 9.
Slide 10: Sanchez Fault Extended
SANCHEZ FAULT EXTENDED 200 METRES High grade results within a wide zone of mineralisation • GNDD-434 was drilled with the For personal use only portable rig and is the deepest and most easterly hole on the Sanchez Fault for which results have been received • Exceptional results including: - 5.4m at
Slide 11: Deepest Hualilan Hole Ends in Strong Mineralisation
DEEPEST HUALILAN HOLE ENDS IN STRONG MINERALISATION Magnata Fault mineralisation continues to expand Magnata Fault Drilling For personal use only • mineralisation extended 240m below previous drilling with 44.5 g/t Au in the deepest hole • mineralisation extended 130 metres west along strike in seve
Slide 12: Ecuador Drilling Update
For personal use only Ecuador Drilling Update
Slide 13: El Guayabo Drill Program
El GUYABO DRILL PROGRAM – drilling holes 13 and 14 Targeting a 1 kilometre Gold in soil anomaly For personal use only First drill hole mineralisation to the end of the hole 784.3m at 0.4 g/t AuEq inc 380.5m at 0.5 g/t AuEq inc 188.5m at 0.6 g/t AuEq inc 21.0m at 1.1 g/t AuEq and 30.0m at 1.1 g/t AuE
Slide 14: GYDD-21-006 (Assays Pending)
GYDD-21-006 (Assays pending) Assays expected in 1-2 weeks For personal use only ▪ Hole drilled at a different azimuth targeting an interpreted more steeply plunging body following hole 3 and 4 logging ▪ GYDD-21-006 is logged as intersecting 202 metres of intrusive breccia from 73 to 275 metres downh
Slide 15: Drillhole GYDD-21-006 and GYDD-21-008 Locations
DRILLHOLE GYDD-21-006 AND GYDD-21-008 LOCATIONS Double the tenor of sulphides logged in GYDD-21-008 For personal use only ▪ GYDD-21-008 was drilled off the same drill pad as hole GYDD-21-006 at the original azimuth ▪ GYDD-21-008 is logged as intersecting 134 metres of intrusive breccia from 121 to 2
Slide 16: GYDD-21-008 (Assays Pending) 213-215 metres
GYDD-21-008 (Assays pending) 213-215 metres downhole For personal use only 15
Slide 17: GYDD-21-008 (Assays Pending) 228-231 metres
GYDD-21-008 (Assays pending) 228-231 metres downhole For personal use only 16
Slide 18: GYDD-21-008 (Assays Pending) 244-247 metres
GYDD-21-008 (Assays pending) 244-247 metres downhole For personal use only 17
Slide 19: North-South IP Line
NORTH-SOUTH IP LINE Large undrilled mineralised breccia bodies to be tested in current program Historical drilling results Drillhole GYDD-21-06 will target this IP anomaly with a For personal use only – 112m @ 0.6 % Cu +0.7 g/t Au +14.7 g/t Ag ; GYDD-21-008 and a third hole planned – 116m @ 0.4% Cu
Slide 20: Colorado V Drill Program Update
COLORADO V DRILL PROGRAM UPDATE Expect first two holes to start Drilling in 2-3 weeks For personal use only ▪ Colorado V drilling to start on completion of GYDD-21-15 and GYDD-21-16. ▪ Current program 21 holes for Proposed Hole 2 15,500 metres ▪ Targeting five main Au-Cu in soil Proposed Hole 1 Hist
Slide 21: Summary
SUMMARY News flow that comes with 9-rigs on site at Hualilan and 2-rigs drilling in Ecuador For personal use only Hualilan Project, Argentina • Ongoing news flow that comes with 9 rigs • A number of new zones and higher success rates as we better understand the mineralisation – magnetics and IP are
Slide 22: Company Strategy
COMPANY STRATEGY For personal use only Our Aspiration is to become a globally significant gold producer Hualilan Gold Project El Guayabo Project Company Strategy Argentina Ecuador • Hualilan to provide a high-grade low • High-grade historical resource • Exciting traditional near surface capex operat
Slide 23: For personal use only
For personal use only
Slide 24: For personal use only
For personal use only
Slide 25: 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
Slide 26: Current Historical Non-JORC Resource
CURRENT HISTORICAL NON-JORC RESOURCE Historical drilling failed to test the Sanchez fault due to the topography For personal use only 15.6m at 71.7 g/t AuEq La Mancha Resources 2003 foreign resource estimate for the Hualilan Project ^ (SNV10-01) Tonnes AuEq Grade Gold Equivalents Category (kt) (g/t)
Challenger Exploration — Virtual Gold Conference 2022 on 6ix