CHALICE MINING LIMITED — Investor Presentation 2019

Jan 20, 2019

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The golden plains of the north Bendigo region
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Investor Presentation
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January 2019

ASX : CHN

TSX : CXN

Forward looking statements and disclosures

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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 Limited Annual Reports, filings on sedar.com, and to ASX/TSX releases and take independent professional advice before considering investing in the Company. For further information about Chalice Gold Mines Limited, visit the website at www.chalicegold.com

Forward-Looking Statements

This document may contain forward-looking information within the meaning of Canadian securities legislation and forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively, forward-looking statements). These forward-looking statements are made as of the date of this document and Chalice Gold Mines Limited (the Company) does not intend, and does not assume any obligation, to update these forward-looking statements. Forward-looking statements relate to future events or future performance and reflect Company management’s expectations or beliefs regarding future events and include, but are not limited to, the estimation of mineral reserve and mineral resources at the East Cadillac Gold Project, the realisation of mineral reserve estimates; the likelihood of exploration success including results of future geophysical surveys, drilling at the Company’s projects and other exploration activities; the timing and costs of future exploration activities on the Company’s exploration projects; the potential to define future mineral resources and, if successful at any of the Company’s exploration projects, the potential viability of any mineral resource so defined; planned expenditures and budgets and the execution thereof; the timing and availability of drill results; potential sites for additional drilling, that general business and economic conditions will not change in a materially adverse manner; the timing and amount of estimated future production, costs of production, capital expenditures, success of mining operations, environmental risks, unanticipated reclamation expenses, title disputes or claims and limitations on insurance coverage. In certain cases, forward-looking statements can be identified by the use of words such as “plans”, “planning”, “expects” or “does not expect”, “is expected”, “will”, “may”, “would”, “potential”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, “believes”, “occur”, “be achieved”, or variations of such words and phrases or statements that certain actions, events or results may, could, would, might or will be taken, occur or be achieved or the negative of these terms or comparable terminology. By their very nature forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors may include, among others, risks related to actual results of current exploration activities; changes in exploration programmes based upon results of exploration; future prices of mineral resources; possible variations in mineral resources or ore reserves, grade or recovery rates; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing or in the completion of development or construction activities; the ultimate outcome for shareholders of any Class Ruling received from the Australian Tax Office (“ATO”) in relation to any proposed capital return, as well as those factors detailed from time to time in the Company’s interim and annual financial statements, all of which are filed and available for review on SEDAR at sedar.com. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

Competent Person and Qualifying Persons Statement

The Information in this presentation that relates to the exploration results for the Pyramid Hill Project is extracted from ASX announcements entitled “Chalice secures extensive strategic position in highly prospective northern Bendigo region, Victoria”, “Chalice identifies two 12km+ gold-in-soil anomalies at Pyramid Hill Project, Bendigo”, “Chalice set to drill large-scale gold targets at Pyramid Hill Gold Project, Victoria” and “December 2018 Quarterly Report” released on 26 February,12 July, 27 September 2018 and 18 January 2019 respectively.

The Information in this presentation that relates to exploration results for the East Cadillac Gold Project is extracted from ASX announcements entitled “Chalice expands exploration drilling programme at East Cadillac Gold Project after identifying 14 new high-priority targets”, “Significant new gold intersections at East Cadillac Project”, Quebec confirm mineralisation over ~3.5km”, “Two new gold discoveries expand the district-scale potential of East Cadillac Gold Project, Canada“, “New phase of exploration underway at East Cadillac Project in Quebec”, “Newly defined large-scale gold anomalies prioritised for drill testing at East Cadillac Gold Project, Quebec” and “Chalice prepares for major new drill programme to test large-scale gold targets at East Cadillac Gold Project in Quebec” released on 16 January, 6 March, 31 May, 10 July, 25 October and 20 November 2018 respectively.

The above announcements are available to view an the Company’s website at www.chalicegold.com. The Company confirms that it is not aware of any new information or data that materially affects the information included in the relevant original market announcements. The Company confirms that the form and context in which the Competent Person and Qualified Person’s findings are presented have not been materially modified from the relevant original market announcements.

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A unique,
well-funded
junior explorer
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District-scale gold exploration projects in tier-1 1 provinces – Bendigo and Quebec

High impact drilling programmes underway

Unique and strong financial position

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Drilling at Pyramid Hill Gold Project, Dec-2018
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3

4

c. A$26M in cash and current assets at 31-Dec-18 (~A10cps) – no capital raised since 2011

Track record of value creation

~A$107M generated from well timed asset sales , ~A$36M returned to shareholders since 2012

Proven team

Technically driven and disciplined team with track record of discovery and value creation

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Portfolio of District-Scale, High Impact Projects in Australia and Canada

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Australia Canada
Flinders River
Vanadium Project
Warrego North
- (100%)
Copper Gold Project
-
(70 100%)
Yilgarn Gold
Project
-
(95 100%)
Julimar Nickel- Kinebik Gold
Project
Vanadium Project
(100%)
(100%)
Pyramid Hill
Gold Project East Cadillac
(100%) Gold Project
-
(80 100%)
Key Project
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Generative Opportunities and JVs

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Our strategy is to explore greenfield terranes in tier-1 jurisdictions; aiming to address the growing deficit in new large scale discoveries worldwide…

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There is an absolute appetite to improve the portfolio mix… and Australia and North America are very much focus areas AngloGold Ashanti, Aug 2018

We're open for business in the exploration space, we're actively looking for new partners…. if you have got a project, come and talk to us Newcrest, Aug 2018

The most exciting part about Fosterville is the host of other targets that are there and the opportunities – maybe we still haven't found the real gold deposit yet… We believe there's more to come Kirkland Lake Gold, Sept 2018

Peaks in discoveries precede the peaks in exploration spend. So the best time to get in [to junior explorers], is when exploration spend bottoms out and starts rising… which is now! MinEx Consulting, Nov 2018

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Two potentially transformational drill programmes underway in Victoria and Quebec

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Indicative exploration programme
2018 2019
Oct Nov Dec Jan Feb Mar Apr May Jun
BLEG Mt
Geochem
WIlliam
Final assays
Geophysics
Pyramid Hill,
Victoria
Potential follow up
Drilling 15,000m phase 1 recon AC/RC Muckleford
drilling based on results
Drill targeting Final assays
Phase 1 recon at Mt William
(to be finalised)
Drill targeting
Geochem
3D-IP (Legrand, Lac Rapides,
East Cadillac, Geophysics
Makwa) Potential follow up
Quebec
drilling based on results
8,100m phase 1 & 2 recon
Drilling
diamond Legrand, Anderson
Drill targeting and permitting Final assays
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1. Jan 2019

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Drilling at Pyramid Hill Gold Project, Dec-2018
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Pyramid Hill Gold Project

Victoria

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Pyramid Hill is located in the hotly contested Bendigo Zone of Victoria – a domain that has produced >60Moz of high-grade gold

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Pyramid Hill Gold Project
(undercover North
Bendigo Zone)
UPDATE
Stawell
Zone
Bendigo Fosterville
Stawell
Castlemaine
Melbourne
Ballarat Woods Point
Zone
Bendigo Walhalla
Zone
Melbourne Historic gold production
>8 Moz
5 – 8 Moz
3 – 5 Moz
100km 1 – 3 Moz
<1 Moz
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• All historic production (>60Moz) has come from outcropping (easy to find) areas to the South, ie:

• Bendigo ~22Moz @ 15g/t Au

• Ballarat ~14Moz @ 12g/t Au

• Castlemaine ~6Moz @ 13g/t Au

• The Bendigo Zone host geology extends to the north, however it goes under cover and is poorly explored – this is the opportunity

• Victorian Govt ‘Gold Undercover[1] ’ estimated an undiscovered gold endowment of 32Moz Au (P50) in this northern Bendigo Zone

• Chalice holds c. 60% of the total 7,000km[2 ] area

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SOURCE: Department of Economic Development, Jobs, Transport and Resources, Victoria, Australia, 1 http://earthresources.efirst.com.au/product.asp?pID=973&cID=42

Chalice is a dominant player in this exciting district, with a >4,500km[2 ] land holding in 3 main areas

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Bendigo
Zone
Stawell
Zone
Muckleford Area
•
NW of historic 22Moz
@ 15g/t Au Bendigo
Mt William Area
Goldfield and West
of the high-grade Providence Catalyst Metals • NE of the 7Moz ultra-
Gold
Four Eagles and high grade Fosterville
Tandarra Projects Muckleford Mt William Gold Mine of Kirkland
-
• Four Eagles (CatalystHancock Prospecting) Lake Gold (ASX: KLA |
Reconnaissance Under
Cover Exclusion TSX: KL)
drilling underway Zone
Tandarra
•
Percydale (Catalyst-Navarre) Soil sampling
Outcrop Melbourne completed, drill
Zone targeting underway
Navarre
Percydale Area
Minerals
Newmont
•
NW of historic high-
grade St Arnaud
Goldfield Kirkland
Lake
• Recently granted 0.4Moz @ 92g/t AuTarnagulla 7.2Moz @ ~8g/t Au (incl. Fosterville
St Arnaud 1.7Moz reserve @ ~23g/t Au)
0.4Moz @ 15g/t Au Bendigo
22Moz @ ~15g/t Au
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Fosterville has changed the course of history for the Bendigo Zone and placed the district back on the global map

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Fosterville Mineral Reserves History

Op. cash costs forecast 2019

US$200/oz

Australian top quartile is ~US$600/oz

2021 production target

>570koz p.a. at ~30g/t Au

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Current Mineral Reserve
30
Grade Au (g/t) 1.7Moz at
Reserve Au (koz) 23 ? 23.1g/t Au
includes Swan Zone reserve of
1.16Moz at 61.2g/t Au
1,700
Regional exploration budget
2019
10
6 7 ~A$30M
5
5
491
207 231 182 244 Fosterville Large Ore Deposit
Exploration programme
Dec-12 Dec-13 Dec-14 Dec-15 Dec-16 Dec-17 Dec-18
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SOURCE: Kirkland Lake Gold MD&A 31 Dec 2017, Press Release 11 Dec 2018

Maiden 15,000m reconnaissance drill programme is underway at the Muckleford Area, testing three large-scale targets NW of Bendigo

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1VD Gravity •
Mix of aircore (AC) and reverse circulation (RC) drilling depending on cover –
multi-purpose AC/RC rig utilised
•
Wide spaced lines (3km+), tightly spaced holes to provide first pass test
SECTION 14m @ 194ppm As f/ 46m • Less than 50 effective historical holes over the entire area!
5,981,870mN
30m @ 220ppm As f/ 70m
•
Assays received for 4,700m thus far (~30%)
East Target
•
>20km gravity feature and >12km coherent soil
anomaly overlying Campbelltown Fault
4m @ 54ppm As f/ 123m West Target
West Target • 20-30m cover encountered
•
4 holes hit wide zones of anomalous As (pathfinder)
•
>10km gravity feature overlying Muckleford Fault,
3m @ 57ppm As f/ 96m confirmed to be highly prospective ‘buried hill’
•
South Target 10-40m cover encountered
•
2m @ 0.12g/t Au f/ 45m Anomalous gold intersected ~3km from historic
gold intercepts to the south
South Target
•
1m @ 0.38g/t Au f/ 16m 5m @ 0.11g/t Au f/ 6m >12km coherent soil anomaly overlying Sebastian
Fault (along strike from Bendigo)
East Target
4m @ 94ppm As f/ 16m • 90-110m of cover expected
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• 4 holes hit wide zones of anomalous As (pathfinder)

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Drilling at Muckleford is targeting a Bendigo style deposit (~22Moz @ 15g/t Au) – the size of the prize is significant

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Schematic cross section showing Saddle and Bedded Reefs
Bendigo
Goldfield New Chum Line Large, high grade deposit
~2.6Moz @ 15.1g/t Au of ~22Moz @ 15g/t Au
Garden Gully Line
~4.8Moz @ 15.0g/t Au World’s largest producer
from 1850 to 1890 Every 100 vertical
metres contained
3-5Moz gold
Hustlers Line
~0.95Moz @ 17.6g/t Au
Sheepshead Line
~0.74Moz @ 11.6g/t Au
Schematic long section
Scale Comparisons
Kalgoorlie ‘Super Pit’ (KCGM)
outline (largest open pit gold
Bendigo mine in Australia) Newmont –
urban area Barrick JV
Canadian Malartic Open Pit
N outline (one of the largest open
pit mines in Canada) Agnico
Eagle – Yamana Gold JV
2km
12
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Source: Hughes, F.E. 1990, Geology of the Mineral Deposits of Australia and Papua New Guinea , The Australasian Institute of Mining and Metallurgy, Melbourne

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Drilling at East Cadillac Gold Project, Dec-2017
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East Cadillac Gold Project

Quebec

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East Cadillac is located in the prolific Abitibi greenstone belt; a belt with known gold endowment of >210Moz

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Douay
>3Moz
CANADA
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• >27km of strike along the Larder Lake – Cadillac Fault – the most prolific gold trend in the southern Abitibi, with known gold endowment of >100Moz

• 14 earn-in / purchase agreements executed since late 2016 to consolidate ownership 80-100%

• ~C$12 million spent to date by Chalice on exploration

• Multiple shallow historic resources and occurrences however minimal modern exploration

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The Project is along strike from several globally significant gold mines and surrounds a historical high-grade gold mine

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LaRonde
>12Moz @ ~5g/t Au
Sigma Lamaque CANADA
>11Moz @ ~7g/t Au
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Chimo
0.4Moz @ ~5g/t Au
YAMANA /
AGNICO EAGLE
AGNICO
Malartic Open Pit EAGLE
>16Moz @ ~1.1g/t Au
Goldex East Cadillac
>5Moz @ ~1.7g/t Au Gold Project
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The Project has all season access and excellent nearby infrastructure

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Chimo Mine
(power connection
and road access)
Cartier Resources
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Canadian Malartic
Val-d’Or
Mine (>16Moz)
Agnico Eagle &
Yamana
Sigma Lamaque
Mine (>11Moz)
Eldorado
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~35km by sealed highway from town of Val-d’Or (~30,000 people)

All season access to the property

Geochemistry access May – October

Drilling access on entire property in winter, restricted to non-wetland areas in summer

World class infrastructure including road, rail and power

Multiple gold processing facilities in the region operating at partial capacity

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Previously segmented ownership restricted effective exploration in the district for decades; we have consolidated ownership 80-100% with 14 deals

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East Cadillac Gold Project Historic gold mine
N
Chalice completed DDH
Chalice 100% owned claims
Chalice 2019 phase 1 planned DDH
Globex / Bateman Option claims
(earning up to 100% by Oct-2020) Chalice 2019 phase 2 planned DDH
Renforth Option claims Historic DDH
(earning up to 80% by May-2021)
Val-d’Or
~35km
Chimo Gold Mine
( Cartier Resources, 17%
owned by Agnico Eagle )
379koz Au @ 4.8g/t
historical production
45,000m drilling underway
Exclusion
Area
5km
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We have taken a systematic, ground-up approach to exploration over the last 2 years since acquisition, targeting a 5Moz+ discovery

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Dec 2017
Option
Nov 2016 May-Sept 2018
deal with Oct 2017 – Jan-Mar 2019
Option deal Khalkos to Jan 2018 Farm-in deal Legrand and
Oct 2016 with Richmont earn up to Nordeau with Renforth to Anderson
(acquired by 70% diamond earn up to 80%. diamond
Option deal with
Monarques drilling Acquisition of drilling
Globex to earn up
Gold) to earn (7,700m) Monarques 30% (8,100m)
to 100%
up to 70%
2016 2017 2018 2019
Mar 2017
Jan-Mar 2018
JORC 2012 May-Nov Jul-Dec 2018
Pre-Chalice Regional
MRE at 2017
Nov 2016 diamond drilling Regional MMI
Limited Nordeau
Footwall 3D-IP, Amag, (20,000m), Simon soil sampling,
geochemistry West
and shallow claims LIDAR surveys West, North 3D-IP and
pegged Bark, MMI soil Contact and Amag surveys
drilling along
main trend (100%) sampling Lac Rapides Legrand and
discoveries Anderson
Targets defined
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Drilling has focused on finding another large (Malartic / Sigma-Lamaque) style deposit, with three new discoveries since acquisition

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1
Nordeau West Historical Resource North Contact Mineralised trend
Ind Resource 30koz @ 4.2g/t Au
Inf Resource 146koz @ 4.1g/t Au 23.5m @ 1.12g/t Au Gold occurrence N
incl. 2.0m @ 6.86g/t Au
and 1.0m @ 5.71g/t Au 2017-2018 DDH
Wide open all directions East Cadillac Gold Project
Val-d’Or
~35km
3
Nordeau South
Simon West
11.9m @ 3.2g/t Au
Incl. 1.6m @ 18.5g/t Au Chimo Gold Mine
( Cartier Resources, 17%
owned by Agnico Eagle ) 2
379koz Au @ 4.8g/t Lac Rapides
historical production
20.8m @ 0.74g/t Au
45,000m drilling underway
5km incl. 3.1m @ 4.27g/t Au
Wide open all directions 19
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Recent soil sampling has identified the large Legrand and Anderson MMI soil anomalies – new large-scale targets for drilling in Jan-19

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330,000mE 340,000mE • 8,100m diamond drill programme planned
for Jan-Mar 2019
Anderson
•
3D-IP survey expansion underway (over
North Contact Lac Rapides, Legrand and Makwa)
Legrand Target
•
3.4km x 1.3km coherent MMI gold-in-soil
Val~35km-d’Or anomaly, untested by drilling
•
Lac Rapides Peak of 22x background
•
Simon West Similar geochem pathfinder signature and
Americ structural setting to >16Moz Canadian
Malartic
Chimo Gold Mine
( Cartier Resources, 17%
Scale Comparison
owned by Agnico Eagle )
Canadian Malartic Open Pit
379koz Au @ 4.8g/t
historical production
Marquise Anderson Target
•
Makwa 2.3km x 0.5km coherent MMI gold-in-soil
anomaly, untested by drilling
Legrand
5km • Multiple large gold deposits along a
regional structure to the west 20
5,320,000mN
5,315,000mN
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Corporate

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Our track record is sound; we have acquired well, advanced projects quickly and generated A$100M+ in net proceeds from sales

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Refined
Zara Gold Project in
strategy to
Eritrea sold for
Zara Gold
~ focus on
Listed on Project in US$114M , 10cps / Cameron exploration,
Australian Eritrea A$25M capital return
Gold Project in 4cps / A$10M
to shareholders
Stock acquired for Ontario sold capital return
Exchange ~A$7M for ~ A$25M to shareholders
2006 2009 2012 2016 2018
2007 2010 2013 2017
Cameron Gold
Chalice & Private share Acquired new
Project in
placement to raise district-scale
Higginsville ~ Ontario
A$9M exploration
projects sold
acquired for
for ~A$12M projects in Australia
~A$8M
Listed on Toronto and Canada
Stock Exchange
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Corporate snapshot

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Capital Structure

Top Shareholders

Australian listing	ASX: CHN
Canadian listing	TSX: CXN
Shares on Issue	~266M
Shares – fully diluted	~285M
ASX 52 week high/low	A$0.20 / A$0.11
TSX 52 week high/low	C$0.19 / C$0.10
Cash	A$21.3M
Liquid investments	A$2.3M
Current receivables	A$2.9M
Market capitalisation	~A$36M

Top Shareholders
Tim Goyder (Exec Chairman) Franklin Templeton	17% 12%	ASX TSX
Paradice Investment Mgmt	4%
Sun Valley Gold	3%
Others	55%	9% 64%
Liquid Investments
AusGold (ASX: AUC) 66M shares (~10%)		A$1.6M
Others		A$0.7M

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As of 31 Dec 2018

Board and management team

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Tim Goyder, Executive Chairman

• 40+ year industry veteran

• Long track record of success as an investor, entrepreneur and company director

• Largest shareholder of Chalice (~17%)

Alex Dorsch, Managing Director, BEng (Hons), BFin

• Company CEO since March 2018

• Experienced consultant, engineer and corporate advisor in the energy and resources sectors

• Previously Specialist consultant with McKinsey & Company

Stephen Quin, Independent Non-Exec Director, PGeo

• Mining Geologist with 35 years experience

• Significant international experience in exploration, feasibility, mine development, financing and operations

• President, CEO and Director of Midas Gold Corp (TSX: MAX)

Morgan Ball, Lead Independent Non-Exec Director, BCom, ACA

• Chartered Accountant with 25+ years experience

• Significant mining, commercial and corporate experience

• Chief Financial Officer of Saracen Mineral Holdings (ASX: SAR)

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• Dr Kevin Frost, GM – Exploration, BSc (Hons) PhD MAIG • Geologist with 30+ years experience

• Highly regarded geologist within proven history of discovery

• Part of the discovery team for the Flying Fox and Spotted Quoll nickel deposits (Western Areas)

Richard Hacker, Chief Financial Officer, BCom, ACA, ACIS

• Chartered Accountant with 20+ years experience

• Significant commercial and corporate experience in the resources and energy sector in Australia and the UK

Patrick Lengyel, Exploration Manager – Canada, BSc

• Geologist with 20+ years experience

• Extensive international experience in orogenic gold and base metals

• Previously Principal Geologist at Teck Resources Limited

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Com an Hi hli hts p y g g

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1 Two significant drilling programmes underway
2 ~A$21M in cash
3 ~A$100M+ proceeds from asset sales
4 Team with solid track record
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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

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Appendix Australia

27

The Warrego North Project hosts several large IOCG targets prospective for high grade gold-copper

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•
Parakeet Prospect
8m @ 1.7% Cu, 0.4g/t Au
Chook Prospect
17m @ 1.0% Cu
Rooster
Target
Rooster Target Warrego
7Mt @ 2.5% Cu,
7.0g/t Au (1.6Moz)
Regional Aeromagnetics
Parakeet
White Devil Prospect
1.6Mt @ 14.6g/t Au
(0.75Moz)
10km
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• Tennant Creek historically exploited for high grade IOCG style gold and copper – resulting in several ‘company making’ mines

• Large magnetic Target

  • Multiple ironstones inferred from geophysics and shallow ineffective historical drilling

• Awaiting grant of EL31609

• Drilled in 2017, best intersection of 8m @ 1.7% Cu and 0.4g/t Au

• Prospective ironstone, with possible high grade gold at depth

28

The Yilgarn Project consists of five prospective holdings in the Eastern Goldfields and Southern Cross regions

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Kurrajong
Bore
Bunjarra Well
Nulla South & Jericho
Kalgoorlie
Perth
Gibb Rock
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Kurrajong Bore (Chalice 95-100%)
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48km[2] area ~50km NE of the world class Gwalia gold mine (>5Moz Au) along the Mertondale shear zone

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Bunjarra Well (Chalice 95%)
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75km² area adjacent to the highly prospective Keith Kilkenny Shear Zone

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Jericho (Chalice 95-100%)
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11.6km[2] area in the highly prospective Mt Hornet Shear Zone

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Gibb Rock (Chalice 95-100%, Ramelius earning 75%)
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55km[2] area located in the Holleton greenstone belt

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Nulla South (Chalice 95%, Ramelius earning 75%)
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275km² area ~25km SE of the actively producing Edna May gold mine (>1Moz Au) over the Westonia greenstone belt

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The Flinders River Vanadium Project surrounds >3 billion tonnes of vanadium resources and has excellent infrastructure access

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Chalice applications
N Intermin / AXF tenure (ASX: IRC)
50km Highways
Railway
Town
Flinders River
Vanadium resource
Project
Radiometric Low-High
Rosbury (Intermin)
1.76Bt @ 0.31% V2O5
Lilyvale (Intermin)
0.67Bt @ 0.35% V2O5
Townsville
Mt Isa
~380km
~250km
Richmond Hughenden
Manfred &
Burwood
Saint Elmo
(Intermin) (Multicom) Flinders River
0.55Bt @ 0.29% V2O5 Project
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• Nine exploration licence applications

• Surrounds the ~2.6Bt @ 0.32% V O 2 5 shale-

• hosted Richmond Vanadium Project (AXF Group / Intermin Resources ASX: IRC)

• Vanadium-bearing Toolebuc shale potentially extends over licence areas based on a similar radiometric response

• Wide spaced aircore drilling programme to assess thickness and grade planned

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Julimar Nickel-Vanadium Project is prospective for Nickel-Copper-PGEs and intrusion related Vanadium-Titanium mineralisation

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Yarawindah Brook (Cassini) •
Two licence applications
covering an interpreted
large (26 x 7km) layered
Large layered Mafic- mafic-ultramafic intrusive
Ultramafic complex
Julimar Projec t (V-Ti targets) complex
•
Excellent access via
18m @ Great Northern
0.25% V2O5 Ni-Cu-PGE Highway, located
targets
just 80km NE of Perth
18m @ 0.25%
V2O5 •
Regional Geochem and
Coates (Australian Vanadium) Geophysics programme
planned
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Appendix Canada

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EAST CADILLAC GOLD PROJECT

Drilling confirmed >3.5km of strike is mineralised at Simon West , with multiple steep dipping gold zones with high grade (~18g/t Au) cores

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Plan view – Simon Far West to Nordeau West

Cross section through holes 20-21 (looking west)

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Simon Far West
N
Simon West
Nordeau West
A
B
1km
Chimo Gold Mine
Mineralised trend ( Cartier Resources, 17%
2017-2018 DDH owned by Agnico Eagle )
379koz Au @ 4.8g/t
historical production
45,000m drilling underway
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B A
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Refer to ASX announcement of 30 May 18 for full details

EAST CADILLAC GOLD PROJECT

The North Contact discovery was made in Q2 2018, with a wide 23m @ 1.1g/t Au hit including 2 high grade cores; wide open in all directions

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Plan view – North Contact Cross section through hole 72 (looking west)
B A
N
23.5m @ 1.12g/t Au incl.
2.0m @ 6.86g/t Au and
4.2m @ 0.53g/t Au 1.0m @ 5.71g/t Au
A
B
6.5m @ 1.77g/t Au
incl. 3.5m @ 2.10g/t
Au
1km
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Mineralised trend

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2017-2018 DDH

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Refer to ASX announcement of 30 May 18 for full details

EAST CADILLAC GOLD PROJECT

Geochemistry – MMI soil sampling results – Gold 2018

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MMI samples collected by hand-auger with the preference to collect an inorganic (B Zone) sample below surface organic soils (not possible in wetland areas)

• Soils initially collected on a 400m x 400m reconnaissance grid (regional sampling) or a 200m x 200m grid (LLCF corridor)

• Infill sampling (200m x 200m) completed as a follow-up to any significant 400m x 400m anomalies

Soil results shown as gold response ratio (dividing gold value by the average of the lowest quartile of all the gold values, and rounding to the nearest integer). The response ratio is used because it gives a better indication of the anomalous values

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Anderson
Lac Rapides
Simon West
Marquise
Makwa
Legrand
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East Cadillac MMI soil sampling Au response ratio over regional geology

EAST CADILLAC GOLD PROJECT

Geochemistry – MMI soil sampling results – Arsenic 2018

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MMI samples collected by hand-auger with the preference to collect an inorganic (B Zone) sample below surface organic soils (not possible in wetland areas)

• Soils initially collected on a 400m x 400m reconnaissance grid (regional sampling) or a 200m x 200m grid (LLCF corridor)

• Infill sampling (200m x 200m) completed as a follow-up to any significant 400m x 400m anomalies

Soil results shown as arsenic response ratio (dividing arsenic value by the average of the lowest quartile of all the arsenic values, and rounding to the nearest integer). The response ratio is used because it gives a better indication of the anomalous values

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Anderson
Lac Rapides
Simon West
Marquise
Makwa
Legrand
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East Cadillac MMI soil sampling As response ratio over regional geology

EAST CADILLAC GOLD PROJECT

Chimo Gold Mine (Cartier Resources: TSX-V: ECR, 17% owned by Agnico Eagle)

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Historic Production - 379,012 oz Au @ ~4.8g/t Au

Depth: from surface to >900m

Surface expression: 1.5km strike within Chimo property boundary

Width: 570m

Thickness: Roughly 5-20m individual zones within ‘clusters’ up to 200m

Style: Orogenic

Narrow high grade quartz veins (orogenic overprint)

2017-2019 Deep Drilling by Cartier Resources testing down dip extension of Chimo workings (CH-46 & 47). Northern most stope projects down dip onto ECG property at approximately 1050m vertical depth

45,000m diamond drilling programme now underway to define resource

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Down-plunge extensions onto Chalice ground

Down-dip extensions onto Chalice ground

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Source: https://www.resourcescartier.com/

EAST CADILLAC GOLD PROJECT

Major deposits in the Abitibi – Canadian Malartic

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Malartic (>16Moz @ ~1.1g/t Au)

Mineralisation Footprint Characteristics

• Depth: from surface to >3,000m

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3km
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• Surface expression: >3.5km strike

• Width: 1,500m

• Thickness: >100-200m

• Style: IRGS

• Large alteration footprint (>3.5km)

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3.5km
1.5km
Source: Gaillard, N., 2018 Mica composition as a vector
to gold mineralization: Deciphering hydrothermal and
metamorphic effects in the Malartic district, Quebec
http://abitibiroyalties.com
Perrouty, S., 2017, Multi-Parameter Footprints of the
Canadian Malartic Deposit
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EAST CADILLAC GOLD PROJECT

Major deposits in the Abitibi – Sigma-Lamaque

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Sigma-Lamaque (>11Moz @ ~7g/t Au)

Mineralisation Footprint Characteristics

• Depth: from surface to >1,800m

• Surface expression: from 300m (Lamaque) to 500m (Sigma)

• Width: Up to 300m

• Thickness: Various (up to 6m stacked shear zones and up to 10-25m thick stacked veins veins)

• Style: IRGS - Orogenic

• Narrow high grade quartz veins (orogenic overprint)

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2km
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Source: Keogh, C., 2018 Eldorado Gold, Sigma Lamaque NI43-101 Armstrong, T., 2007, Century Mining Corp. Annual Information Form

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EAST CADILLAC GOLD PROJECT

Major deposits in the Abitibi – Goldex

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Goldex (>5Moz @ ~1.7g/t Au)

Mineralisation Footprint Characteristics

• Depth: from surface to >300m (M zone only)

• Surface expression: > 250m (M zone)

• Width: >300m

• Thickness: >250m

• Style: IRGS

Source: Genest, R., 2012 Technical Report on Production of the M and E Zones at Goldex Mine https://www.agnicoeagle.com/

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The Kinebik Gold Project covers >30km of strike along the Casa Beradi Fault – an underexplored greenstone belt

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• ~187km[2] property area covering > 30km of strike along the Casa Berardi Fault

• Belt hosts several significant gold deposits including:

• Casa Beradi (c. 6Moz) owned by Hecla Mining (NYSE: HL)

• Douay (c. 3Moz) owned by Maple Gold Mines (TVX: MGM)

• Historical exploration almost nonexistent

• Numerous soil geochemical and 3D IP anomalies identified to date

41