Noosa Mining Investor Conference Presentation
CEL.AX
ASX Release
11 November 2021
For personal use only
Noosa Mining Investor Conference Presentation
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 Noosa Mining Conference on Thursday 11 November 2021.
Date: 11 November 2021
Time: 4.30pm (AEDT) / 3.30pm (AEST) / 1.30pm (AWST)
Presenter: Managing Director, Kris Knauer
The Company invites shareholders, investors, and media to participate in this event by logging at www.noosaminingconference.com.au. There is no cost to joining.
For further information contact:
Kris Knauer
Scott Funston
Managing Director
Chief Financial Officer
+61 411 885 979
+61 413 867 600
Challenger Exploration Limited
Issued Capital
Australian Registered Office
Directors
Contact
ACN 123 591 382
974.4m shares
Level 1
Mr Kris Knauer, MD and CEO
T: +61 8 6380 9235
ASX: CEL
49.0m options
1205 Hay Street
Mr Scott Funston, Finance Director
Website: www.challengerex.com
120m perf shares
West Perth WA 6005
Mr Fletcher Quinn, Chairman
16m perf rights
www.challengerex.com
ersonal use only
ASX: CEL
Noosa in November
Nov 11 2021 (4.30pm AEDT)
Hualilan Gold Project : Cerro Sur looking north to Cerro Norte
Challenger Exploration Limited
Argentina and Ecuador Gold / Copper Projects
IMPORTANT NOTICES AND DISCLAIMER
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 meeting strict suitability requirements. Any failure to comply with these restrictions may constitute a violation of applicable securities laws. In providing this presentation Challenger Exploration Limited ("CEL") has not considered the financial position or needs of the recipient. Persons needing advice should consult their stockbroker, bank manager, solicitor, attorney, accountant or other independent financial and legal advisors.
FORWARD LOOKING STATEMENTS
Various statements in this presentation constitute statements relating to intentions, future acts and events. Such statements are generally classified as "forward looking statements" and involve known and unknown risks, uncertainties and other important factors that could cause those future acts, events and circumstances to differ materially from what is presented or implicitly portrayed herein. Words such as "anticipates", "expects", "intends", "plans", "believes", "seeks", "estimates" and similar expressions are intended to identify forward-looking statements. CEL caution shareholders and prospective shareholders not to place undue reliance on these forward-looking statements, which reflect the view of CEL only as of the date of this presentation. The forward-looking statements made in this presentation relate only to events as of the date on which the statements are made.
COMPETENT PERSON STATEMENT EXPLORATION RESULTS
onlyThe information in this release is an accurate representation of the available data and studies for the material mining project. The information that relates to sampling techniques and data, exploration results and geological
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interpretation has been compiled Dr Stuart Munroe , BSc (Hons), PhD (Structural Geology), GDip (AppFin&Inv) who is a full-time employee of the Company. Dr Munroe is a Member of the AusIMM. Dr Munroe has over 20 years'
experience in the mining and metals industry and qualifies as a Competent Person as defined in the JORC Code (2012). Dr Munroe has sufficient experience of relevance to the styles of mineralisation and the types of deposits
under consideration, and to the activities undertaken, to qualify as a Competent Person as defined in the 2012 Edition of the Joint Ore Reserves Committee (JORC) Australasian Code for Reporting of Exploration Results. Dr
Munroe consents to the inclusion in this report of the matters based on information in the form and context in which it appears. The Australian Securities Exchange has not reviewed and does not accept responsibility for the
accuracy or adequacy of this release
COMPETENT PERSON STATEMENT HISTORICAL MINERAL ESTIMATES
The information in this release provided under ASX Listing Rules 5.12.2 to 5.12.7 is an accurate representation of the available data and studies for the material mining project. The information that relates to Mineral Resources
has been compiled by Dr Stuart Munroe , BSc (Hons), PhD (Structural Geology), GDip (AppFin&Inv) who is a full-time employee of the Company. Dr Munroe is a Member of the AusIMM. Dr Munroe has over 20 years' experience
in the mining and metals industry and qualifies as a Competent Person as defined in the JORC Code (2012).
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Dr Munroe and has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration to qualify as Competent Person as defined in the 2012 Edition of the JORC Code for Reporting of,
Mineral Resources and Ore Reserves. Dr Munroe consents to the inclusion in this report of the matters based on information in the form and context in which it appears. The Australian Securities Exchange has not reviewed and
does not accept responsibility for the accuracy or adequacy of this release.
JORC CODE
It is a requirement of the ASX Listing Rules that the reporting of ore reserves and mineral resources in Australia comply with the Joint Ore Reserves Committee's Australasian Code for Reporting of Mineral Resources and Ore Reserves ("JORC Code"). Investors outside Australia should note that while ore reserve and mineral resource estimates of the Company in this document comply with the JORC Code (such JORC Code-compliant ore reserves and mineral resources being "Ore Reserves" and "Mineral Resources" respectively), they may not comply with the relevant guidelines in other countries and, in particular, do not comply with Industry Guide 7, which governs disclosures of mineral reserves in registration statements filed with the SEC. Information contained in this document describing mineral deposits may not be comparable to similar information made public by companies subject to the reporting and disclosure requirements of US securities laws. In particular, Industry Guide 7 does not recognise classifications other than proven and probable reserves and, as a result, the SEC generally does not permit mining companies to disclose their mineral resources in SEC filings. You should not assume that quantities reported as "resources" will be converted to reserves under the JORC Code or any other reporting regime or that the Company will be able to legally and economically extract them.
EXPLORATION RESULTS
Refer to Company Announcements for full details on Exploration Results. CEL is not aware of any new information or data that materially effects the information contained in those announcements
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INVESTMENT HIGHLIGHTS
Significant discovery with grade and scale, 11-rigs operating, fully funded
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•
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-
• 9-rig 120,000m drill program underway. Better results as we understand the system.
COPPER PROJECT - EQUADOR
World class bulk gold target 5km
• Results in the past 6 weeks include:
along strike from a ~17-million-ounce
• 49.0m at 2.4 g/t AuEq2
- 1.5 g/t Au, 10.4 g/t Ag, 1.7% Zn;
inc 2.9m at 17.7 g/t AuEq2
orebody3
(134m @ 1.0 g/t Au, 4.1 g/t Ag)
• 62.0m at 2.1 g/t AuEq2
- 1.7 g/t Au, 20.3 g/t Ag, 0.3% Zn;
inc 17.0m at 3.5 g/t AuEq2
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• 35.0m at 2.3 g/t AuEq2
- 2.2 g/t Au, 3.0 g/t Ag, 0.1% Zn;
inc 29.0m at 2.7 g/t AuEq2
HUALILAN GOLD PROJECT -
• 63.3m at 9.8 g/t AuEq2
- 8.5 g/t Au, 7.9 g/t Ag, 2.9% Zn;
inc 24.1m at 23.3 g/t AuEq2
ARGENTINA
• 10.2m at 14.2 g/t AuEq2
- 12.5 g/t Au, 10.6 g/t Ag, 3.5% Zn; inc 4.5m at 25.6 g.t AuEq2
Historical resource 627,000 oz
• 80 km2 surrounding the Hualilan Project which captures 20 km of strike compared to the current
Au at 13.7 g/t1. High-grade
skarn overlying a large, and
2.2 km of strike where CEL's drilling has been focused
previously unrecognised,
• Excellent metallurgy with >90% gold recovery into a clean high-grade gold concentrate
intrusion-hosted gold system
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to en ure compliance with LR 5.12 please refer to the Company's ASX Release dated 25 February 2019. These estimates are foreign estimates and not reported in accordance with the JORC Code. A competent person has not done sufficient
work to clarify the foreign estimates as a mineral
resource in accordance with the JORC Code. It is uncertain that following evaluation and/or further exploration work that the foreign estimate will be able to be reported as a mineral resource. The company is not in possession of any new information or data relating to the foreign estimates that
mate ially impact on the reliability of the estimates that materially impacts on the reliability of the estimates or CEL's ability to verify the foreign estimates estimate as minimal resources in accordance with Appendix 5A (JORC Code). The company confirms that the supporting information
p ovided in the initial market announcement on February 25 2019 continues to apply and is not materially changed. Refer to Slide 19 for Foreign Resource Estimate
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information regarding AuEq's reported under the JORC Code is provided on Slide 19 (Appendix 1) of this presentation.
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Source: Lumina Gold NI 43-101 Technical Report Cangrejos Project July 2020
HUALILAN GOLD PROJECT - IN PHOTO
Up to 300 metres of mineralisation up plunge from current drilling
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Outcrop of high-grade manto up
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Historical workings
Cerro Sur looking south from the Magnata Fault
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Disclaimer
Challenger Exploration Ltd. published this content on 10 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 November 2021 22:33:09 UTC.