Chalice Mining Limited · ASX:CHN
Chalice Mining — Investor Presentation (February 2024)
29 slides from Chalice Mining's investor presentation, Feb 7, 2024
Slide 1: An emerging critical minerals province in Western Australia
For personal use only An emerging critical minerals province in Western Australia Corporate Presentation FEBRUARY 2024 ASX:CHN
Slide 2: Why Chalice?
Why Chalice? We own one of the largest critical minerals deposits in the western world and are unlocking a new mineral province Strong • ~$112M in cash and no debt1 financial For personal use only position • No need to raise capital in the foreseeable future Unique tier-1 • 100% ownership of the lar
Slide 3: Globally recognised explorer with highly regarded Board and management team
Chalice is a globally recognised explorer with a highly regarded Board and management team Our Achievements Corporate snapshot – ASX:CHN For personal use only Share Register3 • World class Gonneville Ni-Cu-PGE discovery Market Capitalisation1 Shares on issue Tim Goyder (Founder) 10% recognised with
Slide 4: Why palladium? Hybrid electric vehicles drive demand
Why palladium? Hybrid electric vehicles – the ‘best of both worlds’ solution will drive strong demand for palladium and battery metals • Sales of battery electric vehicles (BEVs) are Electric vehicle sales, Sept 2022-2023 (‘000s) For personal use only growing at 16% p.a., whilst sales of plug-in hyb
Slide 5: Why palladium? Cost curve and supply chain risks
Why palladium? Spot price is at ~50th percentile of the cost curve and Russia-South Africa dominate supply – clear supply chain risks PGE Industry Cost Curve – Net total cash costs per 4E oz (after by-product credits), CY2022, US$/oz2 For personal use only Quartile 1 Quartile 2 Quartile 3 Quartile 4
Slide 6: Why now? Palladium prices at cyclical lows
Why now? Palladium prices are at cyclical lows, vehicle sales are strong and Chalice has a high degree of leverage to price recovery 3yr performance1 Upcoming catalysts For personal use only Chalice ASX: CHN LBMA Pd price (rebased) 1. PGE price recovery driven by slowing BEV uptake 10.0 9.0 and stro
Slide 7: 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 8: Gonneville Project
For personal use only Gonneville Project Project update and priorities
Slide 9: 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 ~16Moz of Pd-Pt-Au (3E), 860kt Ni, 520kt Cu, 83kt C
Slide 10: Gonneville positioned as a strategic asset for Australia and the western world
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 11: High-grade starter cases, regional exploration and partnering as catalysts
Gonneville high-grade starter cases, regional exploration drilling and the ongoing strategic partnering process represent potential catalysts Milestones achieved to date Forward Plan1 For personal use only Regional exploration Partnering process High-grade starter development case Gonneville Signifi
Slide 12: Unlocking Gonneville value 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 13: Tier-1 scale Gonneville Resource with high-grade optionality
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 14: High-grade near-surface mineralisation targeted by starter cases
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 15: Scale of Resource points to very long life mining operation
The scale of the Resource points to very long life, large-scale open-pit and underground mining operation 3D view (looking NNE) of the Gonneville Intrusion, >0.8% NiEq Resource blocks and drilling • The 500-600m thick Gonneville Intrusion is interpreted to extend a further ~1.6km down-dip to For per
Slide 16: Process flowsheet with staging options
Process flowsheet combines proven technologies with staging options 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 copp
Slide 17: Regional Exploration
For personal use only Regional Exploration
Slide 18: Gonneville occupies ~2km of the >30km intrusive belt
Gonneville Resource occupies just ~2km of the >30km long intrusive belt – regional drilling continuing with two rigs 3D view (looking ESE) of the Julimar Complex, Gonneville Resource and soil geochemistry For personal use only Gonneville Project Torres Target (untested) • ~2km long section of the Ju
Slide 19: Regional exploration defines 40+ targets in West Yilgarn Province
Large-scale regional exploration 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 Barrabarra Project ~1,200km long western margin of the Yilgarn craton is Development Project highly prospective for orthomagmatic Ni-Cu+
Slide 20: Summary
Summary For personal use only Chalice owns 100% of a new Key value drivers and upcoming catalysts long-life, low-cost, low-carbon green metals project in WA 1. PGE price recovery driven by slowing BEV uptake and strong ICE/hybrid sales 2. Strategic partnering process for Gonneville – positive progre
Slide 21: Appendix
For personal use only Appendix
Slide 22: Team with track record of discovery and project 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 23: Since 2006 IPO, acquired 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 Project in 2020 $100M raised 2006 Eritrea sold for 2016 Major PGE- to progress 2023 NI-Cu-Co- Julimar $7.5M raised in ~US$114M Gonneville IPO on
Slide 24: Gonneville Mineral Resource Estimate, 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 25: 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 26: Metal equivalent assumptions of Gonneville Resource
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 27: 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 28: 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 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
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