Chalice Mining Limited · ASX:CHN
Chalice Mining — Shareholder Meeting (November 2021)
33 slides from Chalice Mining's shareholder meeting presentation, Nov 24, 2021
Slide 1: AGM Address and Presentation
ASX Announcement 24 November 2021 For personal use only AGM Address and Presentation Chalice Mining Limited (“the Company”, ASX: CHN | OTCQB: CGMLF) is pleased to provide a copy of the Chairman’s Address and the Managing Director and Chief Executive Officer’s Presentation to be made at the Company’s
Slide 2: Chairman's Address – 2021 Annual General Meeting
ASX Announcement 24 November 2021 For personal use only Chairman’s Address – 2021 Annual General Meeting On behalf of the Board and the entire Chalice team, I am delighted to welcome you to the Company’s 2021 Annual General Meeting. The past year has been a truly remarkable period for Chalice. Among
Slide 3: Chairman's Address (continued)
I am immensely proud of Chalice’s achievements over the last 15 years and I would like to personally thank everyone who has worked alongside me and played a role in getting the Company to where it is today. I step aside knowing that your Company in is very capable hands, led by our Managing Director
Slide 4: 2021 Annual General Meeting MD and CEO Presentation
For personal use only ASX: CHN | OTCQB: CGMLF 2021 Annual General Meeting Managing Director and Chief Executive Officer Presentation 9.00am AWST, Wednesday, 24 November 2021
Slide 5: Forward looking statements and competent person(s) disclosure
Forward looking statements and competent person(s) disclosure This presentation does not include all available Information on Chalice Mining Limited and should not be used in isolation as a note that it is a requirement of the ASX listing rules that the reporting of mineral resources in Australia is
Slide 6: A globally recognised specialist explorer and developer
For personal use only • New tier-1 scale, pit constrained maiden PGE-Ni-Cu-Co sulphide Resource3 for the Gonneville Deposit: 330Mt @ ~0.58% NiEq or ~1.6g/t PdEq for equivalent to ~1.9Mt NiEq or ~17Moz PdEq • Largest nickel sulphide discovery worldwide since 2000 • Largest PGE discovery in Australian
Slide 7: ~6,000% TSR since the Julimar discovery
Chalice has been one of the standout performers in the sector, with a ~6,000% TSR since the Julimar discovery For personal use only 12.00 Inclusion in S&P/ASX200 ~1.9Mt NiEq or ~17Moz PdEq Maiden Resource at 10.00 Large EM-soil Julimar anomalies at Hartog 8.00 Inclusion in $30M placement at S&P/ASX3
Slide 8: Year highlights: shareholder value and operations
~650% Total Shareholder $115 million raised from Chalice was included Awarded ‘Explorer of the Shareholder Return – one of the top largely institutional in the S&P/ASX 200 Year’ by MiningNews and Value performing companies investors – strong balance index in June 2021 ‘Best Emerging Company’ by For
Slide 9: The Chalice Way
For personal use only The Chalice Way 6
Slide 10: Strategic priorities
Deliver a sustainability Build trust-based and inclusive Define comprehensive baseline Sustainability strategy based on relationships with our external environmental standards for the responsible practices and stakeholders. Increase engagement Julimar Project shared value. Maintain and investment wi
Slide 11: Proposed gold demerger overview
The proposed gold demerger will result in two separate ASX-listed companies – Priority Offer closes on 1 December 2021 For personal use only • The Demerger will result in two independent ASX listed companies – Chalice and Falcon – each with a management team focused on pursuing its own strategy • Ch
Slide 12: Logical separation of projects to unlock shareholder value
We believe that this is a logical separation of different projects, with the potential to unlock shareholder value For personal use only Logical separation of gold projects from Chalice’s Ni-Cu-PGE projects, allowing shareholders to gain separate exposure to the different commodity groups Independen
Slide 13: Julimar Nickel-Copper-PGE Project
For personal use only Julimar Nickel- Copper-PGE Project
Slide 14: Julimar is a 'green metals' project
Palladium Nickel Julimar is a ‘green metals’ project For personal use only Highly versatile but scarce metal used to The key battery cathode material in remove nitrogen oxides (NOx) from electric vehicles, high nickel NMC 811 exhausts / hydrogen / ammonia batteries are the favoured chemistry streams
Slide 15: Province-defining greenfield discovery in premier mining jurisdiction
Julimar is a province-defining new greenfield discovery in the world’s premier mining jurisdiction For personal use only First drill hole discovery in March 2020: Greenfield project staked in 25m @ 8.5g/t Pd, 0.9g/t Pt, 0.1g/t Au, early 2018 (100% owned) 2.0% Ni, 0.9% Cu, 0.11% Co from 46m Maiden re
Slide 16: Gonneville covers ~7% of the 26km Julimar Complex
Gonneville covers just ~7% of the 26km long Julimar Complex – the upside to the north has the potential transform the project 3D view (looking NW) of the Julimar Complex (airborne EM) and the Gonneville Deposit For personal use only 13
Slide 17: Upcoming milestones: Hartog drilling and Gonneville Scoping Study
Initial drilling at Hartog and Scoping Study for Gonneville in Q2 2022 represent significant upcoming milestones For personal use only 2021 2022 Q3 Q4 Q1 Q2 Q3 Q4 Hartog-Baudin-Jansz-Torres targets Access approvals Stage 2 CMP1 Initial recon at Hartog-Baudin targets2 Diamond drilling Initial recon a
Slide 18: Environmental stewardship with staged exploration
Chalice is committed to strong environmental stewardship with staged exploration designed to minimise impact For personal use only Chalice is committed to strong environmental Utilising low-impact drilling stewardship: techniques in the Julimar State Forest • Comprehensive program of baseline (small
Slide 19: Community engagement
Since the Julimar discovery, Chalice has engaged early with local communities to build respectful and collaborative relationships For personal use only Growing community funding to Proximity to major achieve long term positive impacts communities provides a unique opportunity to build a workforce of
Slide 20: West Yilgarn Ni-Cu-PGE Province
The Julimar discovery has kick-started the new West Yilgarn Ni-Cu-PGE Province, which could deliver more major discoveries For personal use only Narryer Terrane Narryer • Many of the ‘giant’ Ni-Cu-PGE sulphide deposits such as Norilsk, Jinchuan, Thompson and Voisey’s Bay are located proximal to the
Slide 21: Investment Highlights
Investment Highlights For personal use only New world class, strategic, ‘green metals’ Resource in Western Australia Significant exploration upside at Julimar and in the new West Yilgarn Ni-Cu-PGE Province ~A$86M1 in cash and investments and a team with an excellent track record 1 As at 30 Sept 2021
Slide 22: Julimar Nickel-Copper-PGE Project Appendix
For personal use only Julimar Nickel- Copper-PGE Project Appendix
Slide 23: Gonneville tier-1 scale pit-constrained Resource
Gonneville is a tier-1 scale, pit-constrained, strategic green metals Resource with high-grade optionality and compelling growth potential 3D view (looking ENE) of Gonneville Resource domains and pit shell For personal use only Maiden Indicated and Inferred Mineral Resource Estimate1: • 330Mt @ 0.94
Slide 24: High-grade sulphide component of the Resource
The Resource includes a significant high-grade sulphide component in-pit, starting from a depth of ~30m 3D view (looking NE) of Gonneville high-grade sulphide Resource domains (>0.6% NiEq) and pit shell For personal use only High-grade sulphide component of Resource1, reported above a 0.60% NiEq cut
Slide 25: Flat grade-tonnage curve
Flat grade-tonnage curve highlights the significant high-grade component – providing the project with development optionality For personal use only 500 2.5 450 450 2.1 410 2.1 2.0 400 1.9 2.0 1.8 1.8 1.7 350 330 1.6 1.6 1.5 1.5 1.4 Grade (NiEq %) 300 1.5 1.3 Mass (Mt) 1.3 250 1.2 220 1.1 1.0 200 0.9
Slide 26: Deposit remains open with ongoing drilling
The Deposit remains open on private farmland, with ongoing drilling already demonstrating the potential for material growth 3D view (looking E) of Gonneville high-grade sulphide Resource domains (>0.8% NiEq) and pit shell For personal use only 23
Slide 27: Gonneville maiden Mineral Resource Estimate
Gonneville maiden Mineral Resource Estimate (JORC Code 2012), 9 Nov 2021 For personal use only Cut-off Domain Category Mass Grade Contained Metal Grade Pd Pt Au Ni Cu Co NiEq PdEq Pd Pt Au Ni Cu Co NiEq PdEq (Mt) (g/t) (g/t) (g/t) (%) (%) (%) (%) (g/t) (Moz) (Moz) (Moz) (kt) (kt) (kt) (kt) (Moz) Ind
Slide 28: Higher-grade sulphide component of Resource
Higher-grade sulphide component of Gonneville Resource, 9 Nov 2021 For personal use only Cut-off Domain Category Mass Grade Contained Metal Grade Pd Pt Au Ni Cu Co NiEq PdEq Pd Pt Au Ni Cu Co NiEq PdE q (Mt) (g/t) (g/t) (g/t) (%) (%) (%) (%) (g/t) (Moz) (Moz) (Moz) (kt) (kt) (kt) (kt) (Moz) Indicate
Slide 29: Hartog Target highest priority
Immediately north of Gonneville, the compelling Hartog Target is the highest priority – access approval expected shortly For personal use only Hartog • ~6.5km long gravity- AEM anomaly • ~30 ground EM conductors and multi- kilometre scale Ni-Cu soil anomalies, comparable to Gonneville pre- discovery
Slide 30: Preliminary metallurgical testwork
Preliminary met testwork shows high Pd-Pt-Ni-Cu-Co recoveries into two commercially attractive concentrates using conventional flotation Simplified sequential flotation process for high-grade sulphide mineralisation For personal use only Metal Expected Recovery (%) Rougher & Rougher & Crush & grind
Slide 31: Palladium demand and emissions standards
Palladium has surged with the introduction of China 5/6 emissions standards and the switch from Pt to Pd based catalytic converters For personal use only • Demand currently dominated by ICE catalytic converters • Tightening emissions standards (particularly on NOx emissions) has led to Pd based cata
Slide 32: Interactive 3D Model and Video
Interactive 3D Model & Video: Take a tour of our globally significant Julimar Ni-Cu-PGE Project in Western Australia For personal use only Click here to explore Julimar in 3D: Click here to watch the Julimar Project Video: https://inventum3d.com/c/chalicemining https://youtu.be/QRcnTSsG9Hs 29
Slide 33: For personal use only
For personal use only ABN 47 1 16 648 956 Level 3, 46 Colin Street West Perth WA 6005, Australia +61 8 9322 3960 info@chalicemining.com www.chalicemining.com chalice-mining @ChaliceMining