Chalice Mining Limited · ASX:CHN
Chalice Mining — Macquarie Australia Conference 2024
29 slides from Chalice Mining's conference presentation, May 8, 2024
Slide 1: A new globally significant critical minerals province in Western Australia
For personal use only A new globally significant critical minerals province in Western Australia Macquarie Australia Conference 8 MAY 2024 ASX:CHN
Slide 2: Why Chalice?
Why Chalice? Our 100% owned Gonneville Project is the largest palladium-nickel-copper development project in the western world Tier 1 scale Resource in Western Australia For personal use only • 100% ownership of one of the largest undeveloped PGE-Ni-Cu- Co (critical minerals) resource in the western
Slide 3: Chalice is an ASX300 listed specialist explorer-developer
Chalice is an ASX300 listed specialist explorer-developer – we create value through project generation, discovery and de-risking Capital structure ASX:CHN 3mth performance For personal use only Shares on issue 389M 1.80 30 1.60 Market capitalisation $434M1 25 1.40 Trading liquidity ~5M shares/day 1.
Slide 4: Why palladium? Strong future demand driven by hybrid EV sales
Why palladium? Strong future demand for palladium driven by hybrid EV sales outgrowing battery EV sales • Key driver of palladium demand is sales of plug-in For personal use only hybrid electric (PHEV) and ICE vehicles Battery Electric (BEV) v Plug-in Hybrid (PHEV) vehicle sales growth in China, reb
Slide 5: Why palladium? Supply is concentrated in Russia and South Africa
Why palladium? Supply is concentrated in Russia and South Africa – supply risks are high, disruptions are common and recycling is subdued • Palladium production is dominated by ageing, deep, under-invested mines in Russia and South Africa For personal use only • Western mines are rapidly becoming un
Slide 6: PGE prices are deep into the cost curve and unsustainable
PGE prices are deep into the cost curve and unsustainable – given strength of demand, pricing could revert to incentive levels in near term PGE industry all-in sustaining cost curve (cash costs plus sustaining CapEx), net of by-product credits, US$/oz 4E 2023A)1 For personal use only Quartile 1 Quar
Slide 7: Gonneville Project
For personal use only Gonneville Project Project update and priorities
Slide 8: Gonneville PGE-Ni-Cu-Co Project Overview
Gonneville PGE-Ni-Cu-Co Project Overview A new long-life, low-cost, low-carbon critical minerals project in Western Australia For personal use only A globally significant magmatic sulphide Resource ~70km from Perth • ~17Moz of Pd-Pt-Au (3E), 960kt Ni, 540kt Cu, 96kt Co1 contained – deposit remains o
Slide 9: The rare, tier-1 scale Gonneville Resource has high-grade optionality
The rare, tier-1 scale Gonneville Resource has high-grade optionality and compelling growth potential Gonneville NSR Grade-Tonnage table2 For personal use only High Grade Mineral Resource NSR Cut-off NSR Cut-off in Estimate1: in-pit MSO Total Mass Grade • 59Mt @ 2.0g/t 3E (Pd+Pt+Au), 0.20% A$/t A$/t
Slide 10: Remodelling of high-grade sulphide zones for selective mining
Remodelling of the Gonneville high-grade sulphide zones has allowed investigation of selective open-pit/underground mining techniques For personal use only ASX:CHN 10
Slide 11: Starter project process flowsheet
Starter project process flowsheet to target simple products with staging options being evaluated in the initial phase of the PFS Crushing Grinding Copper Flotation Nickel Flotation Pd Leach For personal use only Future option Sulphide feed Offtake of doré to precious metal refinery Pressure Oxidatio
Slide 12: Offtake terms are expected to be attractive
Offtake terms are expected to be attractive given high-grade of products, low impurities and IRA-compliant source Copper-PGE-Au Ni-PGE-Co Nickel-Cobalt Mixed For personal use only Concentrate Concentrate Hydroxide Precipitate (MHP) • High value concentrate with negligible • High value concentrate wi
Slide 13: Unlocking the full value of Gonneville through upside opportunities
Unlocking the full value of Gonneville through upside opportunities in mining, processing and commercial areas is underway [Orange] = Near term priorities Assessed upside potential For personal use only • Early high-grade underground mining in parallel to open-pit phase and block/sub-level caving op
Slide 14: Potential catalysts: starter case, exploration, partnering process
Gonneville high-grade starter case, regional exploration drilling and the ongoing strategic partnering process represent potential catalysts Forward Plan1 For personal use only Milestones achieved to date Regional exploration Partnering process High-grade starter Gonneville Significant Maiden develo
Slide 15: Regional Exploration
For personal use only Regional Exploration
Slide 16: Gonneville Resource occupies just ~2km of the >30km intrusive belt
Gonneville Resource occupies just ~2km of the >30km long intrusive belt – regional drilling continuing 3D view (looking ESE) of the Julimar Complex, Gonneville Resource and soil geochemistry For personal use only Gonneville Project Torres Target • ~2km long section of the Julimar Complex (500-600m t
Slide 17: 40+ Ni-Cu-PGE and Cu-Au-Ag targets in the West Yilgarn Province
Chalice has defined 40+ Ni-Cu-PGE and Cu-Au-Ag targets in the West Yilgarn Province – near-term focus on copper and precious metal targets ~1,200km long western margin of the Yilgarn craton is highly prospective for Barrabarra Project orthomagmatic Ni-Cu+/-PGE, Intrusion-related / orogenic gold-copp
Slide 18: Summary
Summary For personal use only Chalice owns 100% of a new Key value drivers and upcoming catalysts long-life, low-cost, low-carbon critical minerals project in WA 1. PGE price recovery driven by slowing BEV uptake and strong ICE/hybrid sales 2. Strategic partnering process for Gonneville – positive p
Slide 19: Appendix
For personal use only Appendix
Slide 20: Our approach to sustainability
Our approach to sustainability: Deliver sustained shared value through responsible sustainability practices For personal use only Our Sustainability Vision and Pillars Strong Environmental Manage Climate Create Value for Healthy and Safe Stewardship Change Risk Stakeholders Workforce The Gonneville
Slide 21: Since our 2006 IPO, we have acquired quality assets and generated returns
Since our 2006 IPO, we have acquired quality assets, advanced projects quickly and generated exceptional returns 2012 For personal use only 2022 Zara Gold 2020 $100M raised 2006 Project in Eritrea sold for 2016 Major PGE- to progress 2023 NI-Cu-Co- Julimar $7.5M raised in ~US$114M Gonneville IPO on
Slide 22: Critical mineral discoveries are very rare
The fate of decarbonisation rests on the explorers who must find the critical minerals – the big discoveries are very rare 50 only Post WWII boom and new Rise of China and surge in 60 modern exploration tools exploration expenditure (11x) 40 use ~60% drop in exploration 10 personal expenditure and s
Slide 23: What are we targeting in the West Yilgarn?
What are we targeting in the West Yilgarn? Tier-1 scale orthomagmatic Ni-Cu+/-PGE deposits, using a minerals system approach Craton Margin Setting For personal use only • Preferred siting close to craton margins • Favourable lithospheric architecture at craton margins facilitates passage of melt fro
Slide 24: Chalice's team has a track record of discovery and development
Chalice’s team has a track record of discovery and large-scale project development Board of Directors Management For personal use only Derek La Ferla, Non-Exec Chair Richard Hacker, GM Strategy and Commercial • Highly regarded ASX200 chair and company director with 30+ years experience as a • Charte
Slide 25: Higher-grade sulphide component of Gonneville Resource
Higher-grade sulphide component of Gonneville Resource (in pit and underground), 23 April 2024 Domain Cut-off NSR (A$/t) Classification Mass Grade Contained metal For personal use only (Mt) Pd (g/t) Pt (g/t) Au (g/t) Ni (%) Cu (%) Co (%) Pd (Moz) Pt (Moz) Au (Moz) Ni (kt) Cu (kt) Co (kt) Measured 0.
Slide 26: Gonneville Mineral Resource Estimate (JORC 2012), April 2024
Gonneville Mineral Resource Estimate (JORC Code 2012), 23 April 2024 Domain Cut-off NSR (A$/t) Classification Mass Grade Contained metal For personal use only (Mt) Pd (g/t) Pt (g/t) Au (g/t) Ni (%) Cu (%) Co (%) Pd (Moz) Pt (Moz) Au (Moz) Ni (kt) Cu (kt) Co (kt) Measured - - - - - - - - - - - - - In
Slide 27: Cautionary statements and competent person(s) disclosure
Cautionary statements and competent person(s) disclosure Authorisation This Presentation may contain forward-looking statements and forward information, (collectively, forward-looking This Presentation has been authorised for release by the Disclosure Committee. statements). These forward-looking st
Slide 28: Cautionary statements and competent person(s) disclosure (cont'd)
Cautionary statements and competent person(s) disclosure (cont’d.) Reliance on Third Party Information Production Targets and Forecast Financial Information The views expressed in this Presentation contain information that has been derived from third party sources that have The production targets an
Slide 29: Visit our website and sign up to receive our latest news
For personal use only Visit our website and sign up to receive our latest news chalice-mining @ChaliceMining www.chalicemining.com Level 3, 46 Colin Street West Perth WA 6005, Australia +61 8 9322 3960 info@chalicemining.com ABN 47 1 16 648 956