Disc o ve rie s in the T a sm a nide s, Mine s & Wine s, Wa g g a Wa g g a Pyra mid Hill Go ld Pro je c t K .F ro st, 26 Se pte mb e r 2019
F o rwa rd lo o king sta te me nts a nd disc lo sure s T his pre se nta tio n d o e s no t inc lud e a ll a va ila ble Info rma tio n o n Cha lic e Go ld Mine s L imite d a nd sho uld no t b e use d in iso la tio n a s a g uide to inve sting in the Co mpa ny. Any po te ntia l inve sto r sho uld a lso re fe r to Cha lic e Go ld Mine s L imite d Annua l Re po rts, filing s o n se da r.c o m, a nd to ASX/ T SX/ OT CQB re le a se s a nd ta ke ind e pe nd e nt pro fe ssio na l a d vic e b e fo re c o nsid e ring inve sting in the Co mpa ny. F o r furthe r info rma tio n a b o ut Cha lic e Go ld Mine s L imite d , visit the we b site a t c ha lic e g o ld .c o m F orwa rd- L ooking Sta te me nts T his d o c ume nt ma y c o nta in fo rwa rd -lo o king info rma tio n within the me a ning o f Ca na dia n se c uritie s le g isla tio n a nd fo rwa rd -lo o king sta te me nts within the me a ning o f the Unite d Sta te s Priva te Se c uritie s L itig a tio n Re fo rm Ac t o f 1995 (c o lle c tive ly, fo rwa rd -lo o king sta te me nts). T he se fo rwa rd -lo o king sta te me nts a re ma d e a s o f the da te o f this d o c ume nt a nd Cha lic e Go ld Mine s L imite d (the Co mpa ny) d o e s no t inte nd , a nd d o e s no t a ssume a ny o b lig a tio n, to upd a te the se fo rwa rd -lo o king sta te me nts. F o rwa rd -lo o king sta te me nts re la te to future e ve nts o r future pe rfo rma nc e a nd re fle c t Co mpa ny ma na g e me nt’ s e xpe c ta tio ns o r b e lie fs re g a rding future e ve nts a nd inc lud e , b ut a re no t limite d to , the like liho o d o f e xplo ra tio n suc c e ss inc luding re sults o f future g e o physic a l surve ys, d rilling a t the Co mpa ny’ s pro je c ts a nd o the r e xplo ra tio n a c tivitie s; the timing a nd c o sts o f future e xplo ra tio n a c tivitie s o n the Co mpa ny’ s e xplo ra tio n pro je c ts; the po te ntia l to d e fine future mine ra l re so urc e s a nd , if suc c e ssful a t a ny o f the Co mpa ny’ s e xplo ra tio n pro je c ts, the po te ntia l via bility o f a ny mine ra l re so urc e so d e fine d ; pla nne d e xpe nditure s a nd b ud g e ts a nd the e xe c utio n the re o f; the timing a nd a va ila bility o f d rill re sults; po te ntia l site s fo r d rilling , tha t g e ne ra l b usine ss a nd e c o no mic c o nditio ns will no t c ha ng e in a ma te ria lly a d ve rse ma nne r; the timing a nd a mo unt o f e stima te d future pro d uc tio n, c o sts o f pro d uc tio n, c a pita l e xpe nditure s, suc c e ss o f mining o pe ra tio ns, e nviro nme nta l risks, una ntic ipa te d re c la ma tio n e xpe nse s, title dispute s o r c la ims a nd limita tio ns o n insura nc e c o ve ra g e . In c e rta in c a se s, fo rwa rd -lo o king sta te me nts c a n be id e ntifie d b y the use o f wo rd s suc h a s “pla ns”, “pla nning ”, “e xpe c ts” o r “d o e s no t e xpe c t”, “is e xpe c te d ”, “will”, “ma y”, “wo uld ”, “po te ntia l”, “b ud g e t”, “sc he d ule d ”, “e stima te s”, “fo re c a sts”, “inte nds”, “pro spe c ts” “a ntic ipa te s” o r “d o e s no t a ntic ipa te ”, “b e lie ve s”, “o c c ur”, “b e a c hie ve d ”, o r va ria tio ns o f suc h wo rd s a nd phra se s o r sta te me nts tha t c e rta in a c tio ns, e ve nts o r re sults ma y, c o uld , wo uld , mig ht o r will b e ta ke n, o c c ur o r b e a c hie ve d o r the ne g a tive o f the se te rms o r c o mpa ra b le te rmino lo g y. By the ir ve ry na ture fo rwa rd -lo o king sta te me nts invo lve kno wn a nd unkno wn risks, unc e rta intie s a nd o the r fa c to rs whic h ma y c a use the a c tua l re sults, pe rfo rma nc e o r a c hie ve me nts o f the Co mpa ny to b e ma te ria lly diffe re nt fro m a ny future re sults, pe rfo rma nc e o r a c hie ve me nts e xpre sse d o r implie d by the fo rwa rd -lo o king sta te me nts. Suc h fa c to rs ma y inc lud e , a mo ng o the rs, risks re la te d to a c tua l re sults o f c urre nt o r pla nne d e xplo ra tio n a c tivitie s; c ha ng e s in e xplo ra tio n pro g ra mme s ba se d upo n re sults o f e xplo ra tio n; future pric e s o f c o mmo d itie s; g e o physic a l a no ma lie s ma y o r ma y no t b e a sso c ia te d with e c o no mic mine ra lisa tio n; g ra de o r re c o ve ry ra te s; a c c ide nts; la b o ur dispute s a nd o the r risks o f the mining ind ustry; d e la ys in o b ta ining g o ve rnme nta l a ppro va ls o r fina nc ing o r in the c o mple tio n o f d e ve lo pme nt o r c o nstruc tio n a c tivitie s, mo ve me nts in the pric e o f O3 Mining Inc . a nd Spe c trum Me ta ls L imite d se c uritie s a nd future pro c e e d s fro m po te ntia l sa le o f tho se se c uritie s, the timing a nd re c e ipt o f e xplo ra tio n ta x c re dits a s we ll a s tho se fa c to rs d e ta ile d fro m time to time in the Co mpa ny’ s inte rim a nd a nnua l fina nc ia l sta te me nts, a ll o f whic h a re file d a nd a va ila b le fo r re vie w o n SE DAR a t se da r.c o m, ASX a t a sx.c o m.a u a nd OT C Ma rke ts a t o tc ma rke ts.c o m. Altho ug h the Co mpa ny ha s a tte mpte d to id e ntify impo rta nt fa c to rs tha t c o uld c a use a c tua l a c tio ns, e ve nts o r re sults to d iffe rma te ria lly fro m tho se de sc ribe d in fo rwa rd -lo o king sta te me nts, the re ma y b e o the r fa c to rs tha t c a use a c tio ns, e ve nts o r re sults no t to b e a s a ntic ipa te d , e stima te d o r inte nd e d. T he re c a n b e no a ssura nc e tha t fo rwa rd -lo o king sta te me nts will pro ve to b e a c c ura te , a s a c tua l re sults a nd future e ve nts c o uld d iffe rma te ria lly fro m tho se a ntic ipa te d in suc h sta te me nts. Ac c o rd ing ly, re a d e rs sho uld no t pla c e und ue re lia nc e o n fo rwa rd -lo o king sta te me nts. Compe te nt Pe rson a nd Qua lifying Pe rsons Sta te me nt T he Info rma tio n in this pre se nta tio n tha t re la te s to the e xplo ra tio n re sults fo r the Pyra mid Hill Pro je c t is e xtra c te d fro m ASX a nno unc e me nts e ntitle d “Cha lic e se c ure s e xte nsive stra te g ic po sitio n in hig hly pro spe c tive no rthe rn Be ndig o re g io n, Vic to ria ”, “Cha lic e ide ntifie s two 12km+ g o ld -in-so il a no ma lie s a t Pyra mid Hill Pro je c t, Be ndig o ”, “Cha lic e se t to d rill la rg e -sc a le g o ld ta rg e ts a t Pyra mid Hill Go ld Pro je c t, Vic to ria ”, “Re c o nna issa nc e d rilling a t Pyra mid Hill Go ld Pro je c t c o ntinue s to o utline hig h-prio rity ta rg e t a re a s”, “Sha llo w drilling hits g o ld in ba se me nt a nd o utline s thre e hig h prio rity ta rg e ts fo r fo llo w-up a t the Pyra mid Hill Go ld Pro je c t, Vic to ria ” a nd “Drilling to re c o mme nc e a t the Pyra mid HillGo ld Pro je c t in la te Se pte mb e r” re le a se d o n 26 F e b rua ry 2018,12 July 2018, 27 Se pte mb e r2018, 19 Ma rc h 2019, 8 July 2019 a nd 2 Se pte mb e r2019 re spe c tive ly. T he Info rma tio n in this pre se nta tio n tha t re la te s to e xplo ra tio n re sults fo r the K ing L e o po ld Pro je c t is e xtra c te d fro m ASX a nno unc e me nt e ntitle d “Cha lic e a c q uire s hig hly pro spe c tive nic ke l sulphid e pro je c t in we st K imbe rle y re g io n o f WA” a nd “Stro ng E M Co nd uc to rs Id e ntifie d a t K ing L e o po ld Pro je c t” re le a se d o n 18 June 2019 a nd 20 Aug ust 2019. T he a b o ve a nno unc e me nts a re a va ila ble to vie w o n the Co mpa ny’ s we bsite a t c ha lic e g o ld .c o m. T he Co mpa ny c o nfirms tha t it is no t a wa re o f a ny ne w info rma tio n o r d a ta tha t ma te ria lly a ffe c ts the info rma tio n inc lud e d in the re le va nt o rig ina l ma rke t a nno unc e me nts. T he Co mpa ny c o nfirms tha t the fo rm a nd c o nte xt in whic h the Co mpe te nt Pe rso n a nd Qua lifie d Pe rso n’ s finding s a re pre se nte d ha ve no t b e e n ma te ria lly mo difie d fro m the re le va nt o rig ina l ma rke t a nno unc e me nts. 2
Pre se nta tion Outline 1. Company Ove r vie w 2. Be ndigo Zone – r e gional datase ts and de posit fe atur e s 3. Be ndigo Zone – de ve lopme nt dur ing 2017- 2019 4. Pyr amid Hill – E ar ly- stage e xplor ation r e sults sinc e initial land gr ab in late 2017 5. Conc lusions 3
Distric t- sc a le e xplora tion proje c ts in hig h- g ra de A uniq ue , we ll- provinc e s of Austra lia funde d e xplo ra tio n 1 T ie r-1 (>US$1b n NPV) disc o ve ry mo de l • b usine ss Go ld unde rc o ve r in Nth Be ndig o Zo ne (Vic to ria ) • Nic ke l sulphide s in fro ntie r we st K imb e rle y (WA) • Strong fina nc ia l position ~A$33M in wo rking c a pita l a nd inve stme nts • 2 (~A$0.12 pe r sha re ) No c a pita l ra ise d sinc e 2011 • T ra c k re c ord of va lue c re a tion ~A$107M a fte r-ta x pro c e e ds g e ne ra te d fro m • 3 multiple we ll time d a sse t sa le s ~A$36M re turne d to sha re ho lde rs sinc e 2012 • (A$0.14 pe r sha re ) Dr illing at Pyr amid Hill Gold Pr oje c t, De c -2018 4
2. Re g io na l da ta se ts a nd de po sit fe a ture s Pyra mid Hill Go ld Pro je c t, Vic to ria 5
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