Chalice Mining Limited · ASX:CHN
Chalice Mining — Shareholder Meeting (November 2023)
52 slides from Chalice Mining's shareholder meeting presentation, Nov 23, 2023
Slide 1: AGM - Chair's Address and Managing Director's Presentation
ASX Announcement 23 November 2023 AGM - Chair’s Address and Managing Director’s Presentation Chalice Mining Limited (“Chalice” or “the Company”, ASX: CHN) is pleased to provide in accordance with Listing Rule 3.13.3, the Chair’s Address and the Managing Director and Chief Executive Officer’s Present
Slide 2: Chair's Address – 2023 Annual General Meeting
ASX Announcement 23 November 2023 Chair’s Address – 2023 Annual General Meeting On behalf of the Board, I welcome you to Chalice Mining’s 2023 Annual General Meeting. Firstly, I’d like to acknowledge the Whadjuk/Noongar People, the Traditional Custodians of the land on which we are meeting, and to p
Slide 3: Chair's Address (continued)
of technical expertise in mine development to Chalice. I, and several members of the Board, have worked closely with Martin over the years and we welcome him to the Chalice team. We have also progressed the strategic partnering process for Gonneville which commenced earlier this year. As previously
Slide 4: Chair's Address conclusion and contacts
Most importantly, I would also like to thank you, our shareholders, for your loyalty and support, particularly during the difficult period we have experienced in the second half of calendar year 2023. We remain steadfast in our commitment to continue to work as hard as possible on your behalf and de
Slide 5: 2023 Annual General Meeting
For personal use only 2023 Annual General Meeting 23 November 2023 ASX:CHN
Slide 6: Agenda
Agenda For personal use only Chair’s Address 01 MD & CEO Presentation 02 Item 1 – Annual Report 03 Item 2 – Resolutions, Proxies & Voting 04 2
Slide 7: Board of Directors
Board of Directors Derek La Ferla, Chair Linda Kenyon, Non-Exec Director For personal use only • Highly regarded ASX200 chair and company director • Corporate lawyer and senior executive with 30+ years with 30+ years experience as a corporate lawyer experience • Formerly Chair of Sandfire Resources
Slide 8: Chairs' Address
For personal use only ANNUAL GENERAL MEETING Chairs’ Address Derek La Ferla
Slide 9: For personal use only
For personal use only
Slide 10: MD & CEO Presentation
For personal use only ANNUAL GENERAL MEETING MD & CEO Presentation Alex Dorsch
Slide 11: Cautionary statements and competent person(s) disclosure
Cautionary statements and competent person(s) disclosure Authorisation Forward-Looking Statement This Presentation has been authorised for release by the Disclosure Committee. This Presentation may contain forward-looking statements and forward information, (collectively, forward-looking For persona
Slide 12: Cautionary statements and competent person(s) disclosure (cont'd.)
Cautionary statements and competent person(s) disclosure (cont’d.) Reliance on Third Party Information The information in this Presentation that relates to Mineral Resources has been extracted from the ASX announcement The views expressed in this Presentation contain information that has been derive
Slide 13: Chalice is a leading ASX200 explorer-developer with dual focus
Chalice is a leading ASX200 explorer-developer with a dual focus – the world-class Gonneville Project and the new West Yilgarn Province Our purpose – to find the metals needed to Our aspiration – to create a world class, multi-district For personal use only decarbonise the world (the green metals) g
Slide 14: 2023 has seen challenging conditions for explorers and developers
2023 has seen challenging conditions for explorers and developers, with financial and geopolitical instability and weak commodity prices 12-month relative performance (A$/share, rebased to CHN) For personal use only ASX : CHN PGM Producers₁ Palladium Price (LBMA) Nickel Price (LME) Ni/PGM Developers
Slide 15: Our Strategy
For personal use only Our Strategy 11
Slide 16: Our Strategy
Our Strategy 01 02 03 For personal use only Generate New Discoveries Define New Resources De-Risk Development • Conceptualise, define and prioritise new • Turn new major discoveries into material • Define project scope and advance targets for potential major discoveries. deposits of resources and re
Slide 17: Our approach to sustainability
Our approach to sustainability Our Sustainability Vision and Pillars For personal use only Deliver sustained shared value through responsible sustainability practices Strong Environmental Manage Climate Create Value for Healthy and Safe Stewardship Change Risk Stakeholders Workforce The Gonneville P
Slide 18: Key value drivers and priorities
Key value drivers and priorities For personal use only Gonneville Project optimisation 01 • Upside opportunities on feed grade and metallurgical recoveries being investigated in the initial phase of the Pre-Feasibility Study • Modelling of higher-grade, staged open-pit starter cases adopting a highe
Slide 19: Market Outlook
For personal use only Market Outlook 15
Slide 20: New discoveries are becoming increasingly rare
New discoveries are becoming increasingly rare just when the world needs more critical minerals – we must explore, discover and develop 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 expe
Slide 21: Decarbonisation will underpin long-term demand for green metals
The need to decarbonise the global economy will underpin long-term demand for green metals like nickel, copper, cobalt and PGEs For personal use only Electric Hybrid Energy Semi- Wind & Importance of metals Hydrogen Vehicles Vehicles Storage conductors Solar PV Nickel and Cobalt • Key industrial and
Slide 22: The case for hybrid electric vehicles is growing
The case for hybrid electric vehicles is growing – the ‘best of both worlds’ solution will drive strong demand for battery metals and PGEs • Sales of battery electric vehicles (BEVs) are For personal use only growing at 16% p.a., whilst sales of plug-in hybrid Electric vehicle sales, September 2022-
Slide 23: Platinum and Palladium are essential in the hydrogen value chain
Platinum and Palladium are essential in every stage of the hydrogen value chain, a critical solution to achieving net-zero carbon economy Production Transport and Storage Utilisation For personal use only Green hydrogen produced by electrolysis of Long-term storage and transport of green Green hydro
Slide 24: Gonneville Project
For personal use only Gonneville Project Project update and priorities
Slide 25: Gonneville Ni-Cu-PGE Project Overview
Gonneville Ni-Cu-PGE Project Overview A new long-life, low-cost, low-carbon green metals project in Western Australia A globally significant magmatic sulphide Resource ~70km from Perth: For personal use only • 560Mt @ ~0.54% NiEq or 1.7g/t PdEq for ~3.0Mt NiEq or 30Moz PdEq1 contained – deposit rema
Slide 26: Gonneville positioned to become a strategic asset
Gonneville is positioned to become a strategic asset for Australia and the western world, given its rare palladium-nickel-cobalt content Gonneville is the first major PGE discovery in Australia Global Palladium and Nickel Primary Supply Market Share (2022)3 For personal use only and one of the few r
Slide 27: Gonneville scoped to be 2nd quartile on the PGE cost curve
Gonneville scoped to be 2nd quartile on the PGE industry cost curve – PGE basket price needs to be >US$1,600/oz to sustain current market PGE Industry Cost Curve – Net total cash costs per 4E oz (after by-product credits), CY2022, US$/oz2 For personal use only Quartile 1 Quartile 2 Quartile 3 Quarti
Slide 28: 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 29: The rare, tier-1 scale Gonneville Resource
The rare, tier-1 scale Gonneville Resource has high-grade optionality and compelling growth potential Mineral Resource Estimate1: Gonneville Nickel Equivalent Grade-Tonnage Curve in-pit (on NiEq cut-off grade basis) For personal use only • 560Mt @ 0.88g/t 3E (Pd+Pt+Au), 800 1.7 1.8 0.16% Ni, 0.09% C
Slide 30: High-grade base metal rich mineralisation near surface
High-grade base metal rich mineralisation near surface is targeted with the starter cases currently being modelled Gonneville hosts a range of sulphide mineralisation styles, starting near surface: For personal use only • High-Sulphide / base metal-rich mineralisation (>1.0% NiEq, 20-100 vol% sulphi
Slide 31: The Resource remains open down-dip
The Resource remains open down-dip, with ongoing drilling demonstrating potential for material growth of the deposit • Residual Resource unmined beyond Study 3D view (looking SSW) of Gonneville Intrusion, >0.8% NiEq Resource blocks and drilling modelled life of 90-200Mt for 540-1,100kt For personal
Slide 32: Phasing of the process flowsheet configuration
Phasing of the process flowsheet configuration is being evaluated in the initial phase of the PFS Sizing Grinding For personal use only Oxide feed bypasses flotation and goes to leach circuit – 75% Pd and 90% Au overall recovery from oxide modelled Oxide feed Potential to drop copper flotation stage
Slide 33: Regional Exploration
For personal use only Regional Exploration
Slide 34: Gonneville Resource occupies just ~2km of the Julimar Complex
Gonneville Resource occupies just ~2km of the >30km long Julimar Complex – regional drilling expected to commence in the coming weeks 3D view (looking ESE) of the Julimar Complex, Gonneville Resource and soil geochemistry For personal use only Gonneville Project Torres Target (untested) • ~2km long
Slide 35: Ramping up an expansive regional exploration program
Ramping up an expansive regional exploration program in late 2024 – >10 new high-priority greenfield targets to be drilled across the province Barrabarra Project ~1,200km long western margin of the Yilgarn craton is Development Project highly prospective for orthomagmatic Ni-Cu+/-PGE For personal us
Slide 36: Potential catalysts and milestones
Gonneville high-grade starter cases, regional exploration drilling and the ongoing strategic partnering process represent potential catalysts For personal use only Milestones achieved to date Forward Plan1 Regional exploration drilling Strategic partnering process Pre-Feasibility Study (target compl
Slide 37: Summary
Summary Key value drivers and priorities For personal use only Chalice owns 100% of a new Gonneville Project optimisation – investigating long-life, low-cost, low-carbon green metals project in WA 01 upside to Scoping Study metrics Strategic partnering – aim to attract a potential Chalice’s team has
Slide 38: Item 1 - Annual Report
For personal use only ANNUAL GENERAL MEETING Item 1- Annual Report
Slide 39: Agenda Items – Annual Report
Agenda Items – Item 1 Annual Report For personal use only To consider the Annual Report of the Company and its controlled entities for the financial year ended 30 June 2023, which includes the Financial Report, the Directors' Report and the Auditor's Report. 35
Slide 40: Item - Resolutions
For personal use only ANNUAL GENERAL MEETING Item 2 - Resolutions
Slide 41: Resolution – Remuneration Report
Resolution 1 – Remuneration Report To consider and, if thought fit, to pass with or without amendment, as a non-binding For personal use only ordinary resolution the following: 'That, the Remuneration Report be adopted by Shareholders, on the terms and conditions in the Explanatory Memorandum.' Prox
Slide 42: Resolution – Re-election of Director – Garret Dixon
Resolution 2 – Re-election of Director – Garret Dixon To consider and, if thought fit, to pass with or without amendment, as an For personal use only ordinary resolution the following: 'That, Garret Dixon, who retires in accordance with Clause 7.2(a) of the Constitution and Listing Rule 14.4 and for
Slide 43: Resolution – Approval of Issue of Performance Rights to Alex Dorsch
Resolution 3 – Approval of Issue of Performance Rights to Alex Dorsch To consider and, if thought fit, to pass with or without amendment, as an For personal use only ordinary resolution the following: 'That, pursuant to and in accordance with Listing Rule 10.14 and for all other purposes, Shareholde
Slide 44: Resolution – Ratification of Issue of Placement Shares
Resolution 4 – Ratification of Issue of Placement Shares To consider and, if thought fit, to pass with or without amendment, as an ordinary resolution the For personal use only following: 'That, pursuant to and in accordance with Listing Rule 7.4 and for all other purposes, Shareholders ratify the i
Slide 45: Resolution – Ratification of issue of Northam Shares
Resolution 5 – Ratification of issue of Northam Shares To consider and, if thought fit, to pass with or without amendment, as an ordinary resolution the For personal use only following: 'That, pursuant to and in accordance with Listing Rule 7.4 and for all other purposes, Shareholders ratify the iss
Slide 46: Resolution – Ratification of issue of Consideration Shares
Resolution 6 – Ratification of issue of Consideration Shares To consider and, if thought fit, to pass with or without amendment, as an ordinary resolution the For personal use only following: 'That, pursuant to and in accordance with Listing Rule 7.4 and for all other purposes, Shareholders ratify t
Slide 47: Thank you
For personal use only Thank you Conclusion of meeting chalice-mining @ChaliceMining www.chalicemining.com
Slide 48: Appendix
For personal use only Appendix
Slide 49: Gonneville Mineral Resource Estimate (JORC Code 2012), March 2023
Gonneville Mineral Resource Estimate (JORC Code 2012), 28 March 2023 Cut-off Domain Category Mass Grade Contained Metal Grade For personal use only Pd Au NiEq PdEq Pd Pt Au NiEq PdEq (Mt) Pt (g/t) Ni (%) Cu (%) Co (%) Ni (kt) Cu (kt) Co (kt) (g/t) (g/t) (%) (g/t) (Moz) (Moz) (Moz) (kt) (Moz) Measure
Slide 50: Higher-grade sulphide component of Gonneville Resource
Higher-grade sulphide component of Gonneville Resource (in pit and underground), 28 March 2023 Cut-off Domain Category Mass Grade Contained Metal Grade For personal use only Pd Au Co NiEq PdEq Pd Pt Au NiEq PdEq (Mt) Pt (g/t) Ni (%) Cu (%) Ni (kt) Cu (kt) Co (kt) (g/t) (g/t) (%) (%) (g/t) (Moz) (Moz
Slide 51: Metal equivalent assumptions of Gonneville Resource, March 2023
Metal equivalent assumptions of Gonneville Resource, 28 March 2023 Based on metallurgical testwork completed to date for the sulphide domain, it is the Company’s opinion that all the quoted elements included in metal equivalent For personal use only calculations (palladium, platinum, gold, nickel, c
Slide 52: 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