Chesser Resources : Corporate presentation

ousenlyHigh-Grade Gold Discoveries in Senegal's Golden Corridor ersonal

RIU Presentation

17 February 2022

ASX:CHZ

DISCLAIMER

The material in this presentation ("material") is not and does not constitute an offer, invitation or recommendation to subscribe for, or purchase any security in Chesser Resources Ltd ("CHZ"). Nor	it form the
makes no representation or warranty, express or implied, as to the accuracy, reliability or completeness of this material. CHZ, its directors, employees, agents and consultants shall have no	including
or negligent misstatement, for any statements, opinions, information or matters, express or implied, arising out of, contained in, or derived from, or any omissions from this material except
contained in this material, particularly those regarding possible or assumed future performance, costs, dividends, production levels or rates, prices, resources or potential growth of CHZ, industry	growth
looking statements. Such statements relate to future events and expectations and, as such, involve known and unknown risks and uncertainties.
only
Actual results and developments may differ materially from those expressed or implied by these forward-looking statements depending on a variety of factors. CHZ will not undertake	obligation

forward-looking statements to reflect events, circumstances or unanticipated events occurring after the date of this presentation except as required by law or by any appropriate regulatory authority.

This presentation is a visual aid and is not intended to be read as a stand-alone document. The material contains selected and abbreviated summary information about CHZ and its material is of general background and does not purport to be complete.

The release of this presentation has been authorised by the Managing Director of Chesser Resources Limited.

References to ASX Market Announcements:

This Presentation contains information, including exploration results, extracted from the following ASX market announcements reported in accordance with the JORC Code (2012):

any contract or commitment. CHZ to any person by

that cannot

trend projections are, or

any revisions or updates to any

as at the date of this presentation. The

use
i.	Diamba Sud exploration results: Refer to ASX announcements on 3April 2017, 25 March 2019, 10 April 2019, 6 May 2019, 14 May 2019, 28 August 2019, 3 September 2019,	January	, 2	2020, 17 June 2020, 21 July 2020, 28 July
	2020, 13 August 2020, 24 November 2020, 16 December 2020, 19 January 2021, 3 February 2021, 2 March 2021, 6 April 2021, 23 April 21, 31 May 2021, 1 July 2021, 2 August 2021, 18			22 December 2021 for drilling results.
ii.	Reference to metallurgical test work results: Refer to ASX announcement on 10 November 2020, 2 September 2021 and 8 November 2021
iii.	Reference to resources: Refer to ASX announcement on 16 November 2021
iv.	Reference to Barrick's targets and area of focus on page 16 from Barrick's 2021 Q1 Results Presentation page 36, from Barrick's 2021 Q2 Results Presentation page 36 and from		Q3	Presentation page 40. Source:
	www.barrick.com
v.	Reference to IAMGold's Boto Optimisation study on page 17 are from the release: IAMGOLD Files NI 43-101 Technical Report for Previously Announced Boto Gold Project Optimization Study	14		. Source:

ersonal
The Company is not aware of any new information or data that materially affects the information contained in those announcements and in relation to the Diamba Sud resource estimates	all	and technical
underpinning the estimates in the relevant market announcement continue to apply and have not materially changed.
Competent Person's Statement:
The i formation in this report that relates to the Diamba Sud Exploration Results and Exploration Targets is based on information compiled by Mr. Andrew Grove, BEng (Geology), MAIG, who is employed as	Director and Chief Executive Officer
of Chesser Resources Ltd. Mr. Grove has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity which he is undertaking to qualify as a	Person defined in

of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves', Mr. Grove consents to the inclusion in the announcement of the matters based on his information in the form and context that

The Information in this report that relates to Mineral Resources is based on information compiled by Dr. John Arthur (CGeol, FGS), a Competent Person who is a Fellow of the Geological Society of London (membership No. 1005744). Dr Arthur is a full-time Independent Resource Geologist with 25 years experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves". Dr Arthur consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

None of the information in this presentation constitutes an offer to sell, or the solicitation of an offer to buy, any securities in the United States of America (United States). This presentation (or any part of it), may not be released or distributed directly or indirectly, to persons in the United States.

CHESSER RESOURCES ASX:CHZ		2

INVESTMENT HIGHLIGHTS

HIGH GRADE GOLD - SENEGAL

Multiple high-grade gold discoveries at Diamba Sud Project,
eastern Senegal
only
Robust Maiden Mineral Resource for Areas A and D
781koz @ 1.6g/t gold including ~500koz @ 3.0g/t gold - high
value ounces (Nov 2021)
New high-grade gold discovery at Karakara (Area H) (Dec
use
2021)
Resource extension drilling underway - up to 20,000m
Completion of Scoping Study in the current quarter
ersonal
1,000km2 of tenements and applications over prospective
terrains geologically similar to neighbouring world class gold
mines on the Senegal Mali Shear Zone
Mining friendly and safe jurisdiction
CHESSER RESOURCES ASX:CHZ
	3

Results

High-Grade

Area D

COMPANY OVERVIEW

EXPERIENCED MANAGEMENT AND BOARD

MANAGEMENT

onlyANDREW GROVE - Managing Director and CEO GARETH O'DONOVAN - Exploration Manager STEPHEN KELLY - CFO & Company Secretary

BOUBACAR THERA - Director, West

Africa Commercial

useersonalCHESSER RESOURCES ASX:CHZ

BOARD

MARK CONNELLY - Non-Executive Chairman

SIMON TAYLOR - Non-Executive Director

SIMON O'LOUGHLIN - Non-Executive Director

ROB GREENSLADE - Non-Executive Director

A$47M

UNDILUTED MARKET CAPITALISATION at A$0.10/share (8/02/2022)

A$5.5M

CASH BALANCE as at 31/12/2021

466 MILLION	34 MILLION
SHARES ON ISSUE	UNLISTED OPTIONS

1 MILLION

SHARE RIGHTS

MAJOR SHAREHOLDERS1

6.0% Silvercorp Metals Inc

5.3% GP Securities

7.7% Directors and Management

TOP 20 SHAREHOLDERS ~ 41%

Note: 1. as at 31 December 2021

4

Area H: new discovery - open in all directions

DIAMBA SUD

THREE HIGH GRADE GOLD DISCOVERIES TO DATE

Acquired in 2017, 100%, limited historical exploration onlyExtensive regional anomalous gold system - 15km x 15km

Three high-grade gold discoveries to data:

• Area D: shallow thick oxide blanket
• Area A: structurally controlled system

use •

Maiden 781koz Resource (Areas A and D): near surface, low strip ratio, high value ounces - significant growth potential

ersonalSignificant exploration potential - 15,000-20,000mdrill program underway

Highly prospective region: Barrick's Kabewest discovery ~5km NE, within same mineralised system

CHESSER RESOURCES ASX:CHZ

North

Kabewest Latifa

Latifa

Kabewest 9.07m @ 3.32g/t 21m @ 1.00g/t 14m @ 1.26g/t

Kabewest

69.3m @ 2.27g/t

53m @ 2.12g/t

45m @ 2.34g/t

	Soya/Madina
	34m @ 3.11g/t
	14m @ 7.25g/t
Dakota	28m @ 2.00g/t

Soya/Madina

Westkourou

Priority

Targets

Barrick Prospects