Overview

Chesser is an Australian-based ASX-listed exploration company, exploring for gold and base metals in Turkey. Chesser's strategy is to build a portfolio of advanced gold projects with potential to develop into multi-million ounce, economically favourable, mining projects.

The Company is currently conducting an aggressive, but focused, exploration program on its Kestanelik epithermal gold project. The Kestanelik property is situated on the Biga peninsula, in western Turkey, some 10 kilometres southeast of the Dardanelles, and enjoys good access together with excellent infrastructure, power, roads and other services in close proximity. It hosts low sulphidation epithermal quartz veining with identified high-grade gold mineralisation and bonanza grades. As Kestanelik is so accessible, the cost of the infrastructure and services required to establish mining operations should prove to be a major attraction.

The Company is also pursuing exploration programs at the Karaayi property on a porphyry-style stockwork system prospective for gold-copper mineralisation and has declared a 303,000 oz JORC gold resource (91,000 oz Indicated and 212,000oz Inferred) on its Sisorta project in north-eastern Turkey.

Chesser has assembled a strong exploration portfolio and an experienced and motivated team, and is well-placed to continue adding shareholder value through its stated strategy.

The Turkish government is very supportive of gold development and mining, and the local nearby population at Kestanelik is well educated, motivated and receptive to a sustainable mining enterprise.

The Company continues to assess additional exploration opportunities with an emphasis on drill‐stage high‐grade gold opportunities. Chesser is also in advanced negotiations to acquire other exploration properties, with the aim of significantly enhancing its exploration portfolio.

The Board and management of Chesser, backed by the Company’s major shareholders, are committed to unlocking value from this highly prospective portfolio of projects and the Company is advancing its existing portfolio while continuing to seek new advanced opportunities.