Chalice Mining Limited · ASX:CHN
Chalice Mining — Diggers & Dealers Mining Forum 2024
28 slides from Chalice Mining's conference presentation, Aug 6, 2024
Slide 1: The premier palladium-nickel-copper development project in the western world
For personal use only The premier palladium- nickel-copper development project in the western world Diggers & Dealers Mining Forum 5-7 AUGUST 2024 ASX:CHN
Slide 2: Why Chalice?
Why Chalice? Our 100% owned Gonneville Project is one of the largest palladium-nickel-copper development projects in the western world Tier-1 scale Resource in Western Australia For personal use only • 17Moz of Pd-Pt-Au (3E), 960kt Ni, 540kt Cu, 96kt Co contained in Resource, starting at surface1 •
Slide 3: Chalice is an ASX300 listed specialist explorer-developer
Chalice is an ASX300 listed specialist explorer-developer – we are a leading investment opportunity for exposure to the PGE price rebound Capital structure ASX:CHN 6-month performance For personal use only Shares on issue 389M $/share Million Volume Share price Market capitalisation A$420M1 2.00 30
Slide 4: Why palladium? Strong future demand driven by hybrid EV sales
Why palladium? Strong future demand for palladium driven by hybrid EV sales outgrowing battery EV sales • Key driver of palladium demand is sales of internal Battery electric vehicles (BEV) v Total vehicle sales in For personal use only combustion engine / hybrid vehicles (ICE/PHEV) China, US and Eu
Slide 5: Why palladium? Supply is concentrated in Russia and South Africa
Why palladium? Supply is concentrated in Russia and South Africa – supply risks are high, disruptions are common and recycling is subdued • Palladium production is dominated by ageing, deep, under-invested mines in Russia and South Africa For personal use only • Western mines are rapidly becoming un
Slide 6: PGE prices are deep into the cost curve and unsustainable
PGE prices are deep into the cost curve and unsustainable – given strength of demand, pricing could revert to incentive levels in near term PGE industry all-in sustaining cost curve (cash costs plus sustaining CapEx), net of by-product credits, US$/oz 4E 2023A1 For personal use only Quartile 1 Quart
Slide 7: Gonneville Project: Project Overview
Gonneville Project For personal use only Project Overview
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 Strategic MOU in July 2024 with Mitsubishi Corporation For personal use only Tier-1 development partner, intention to formalise a potential binding partnership post PFS (mid
Slide 9: Remodelling of high-grade sulphide zones and selective mining techniques
Remodelling of the Gonneville high-grade sulphide zones has allowed investigation of selective open-pit/underground mining techniques For personal use only ASX:CHN 9
Slide 10: Tier-1 scale Gonneville Resource has high-grade optionality
The rare, tier-1 scale Gonneville Resource has high-grade optionality and compelling growth potential High Grade Mineral Resource Estimate1: Gonneville NSR Grade-Tonnage table2 For personal use only • 59Mt @ 2.0g/t 3E (Pd+Pt+Au), 0.20% Ni, 0.21% NSR Cut-off NSR Cut-off in Total Mass Grade in-pit MSO
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 Sizing Grinding For personal use only Oxide feed Pd-Au Leach Crushing Grinding Copper Flotation Nickel Flotation Sulphide feed Offtake of doré to western precious metal re
Slide 12: Initial PFS test work shows potential for improved metal recoveries
Initial PFS test work shows potential for improvements in metal recoveries and project economics Metal Absolute increase in recovery (%)2 For personal use only • Gonneville project economics are highly leveraged to Acid pre-treat PAX in milling improvements in metallurgical recovery – initial focus
Slide 13: Regional Exploration
For personal use only Regional Exploration
Slide 14: Gonneville type geology intersected over ~10km strike length
Gonneville type mafic-ultramafic geology and magmatic sulphides have been intersected over a ~10km strike length 3D view (looking ESE) of the Julimar Complex, Gonneville Resource and soil geochemistry For personal use only Dampier Prospect Gonneville Project • ~3km long section of the Julimar Comple
Slide 15: Ni-Cu-PGE and Cu-Au-Ag targets in the West Yilgarn Province
Chalice has defined 44 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-coppe
Slide 16: Starter case, recovery improvements and exploration as potential catalysts
Gonneville high-grade starter case, improvements in metal recoveries and regional exploration drilling represent potential catalysts Forward Plan1 For personal use only Progress to date Regional exploration High-grade starter development case Gonneville Significant Maiden Completion Project MOU sign
Slide 17: Summary
Summary For personal use only Chalice owns 100% of a new long-life, low-cost, low-carbon Key value drivers and upcoming catalysts critical minerals project in WA 1. PGE price recovery driven by slowing BEV uptake and strong ICE/hybrid sales 2. PFS testwork – confirmation of metallurgical Chalice’s t
Slide 18: Appendix
For personal use only Appendix
Slide 19: Track record of discovery and large-scale project development
Chalice’s team has a track record of discovery and large-scale project development Board of Directors Management Derek La Ferla, Non-Exec Chair Richard Hacker, GM Strategy and Commercial For personal use only • Highly regarded ASX200 chair and company director with 30+ years • Former Chartered Accou
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 Project in 2020 $100M raised 2006 Eritrea sold for 2016 Major PGE- to progress 2023 NI-Cu-Co- Julimar $7.5M raised in ~US$114M Gonneville IPO on
Slide 22: The fate of decarbonisation rests on explorers finding critical minerals
The fate of decarbonisation rests on the explorers who must find the critical minerals – the big discoveries are very rare Number of base metal (Ni, Cu, Zn, Pb) discoveries in the World by size – 1900-2021 50 only Post WWII boom and new Rise of China and surge in 60 modern exploration tools explorat
Slide 23: What are we targeting in the West Yilgarn?
What are we targeting in the West Yilgarn? Tier-1 scale orthomagmatic Ni-Cu+/-PGE deposits, using a minerals system approach Craton Margin Setting For personal use only • Preferred siting close to craton margins • Favourable lithospheric architecture at craton margins facilitates passage of melt fro
Slide 24: Higher-grade sulphide component of Gonneville Resource
Higher-grade sulphide component of Gonneville Resource (in pit and underground), 23 April 2024 Domain Cut-off NSR (A$/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 25: 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 26: Cautionary statements and competent person(s) disclosure
Cautionary statements and competent person(s) disclosure Authorisation Forward Looking Statements This Presentation has been authorised for release by the Disclosure Committee. This Presentation may contain forward-looking statements and forward information, (collectively, forward-looking statements
Slide 27: 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 28: 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