Chalice Mining Limited · ASX:CHN
Chalice Mining — Investor Presentation (November 2021)
30 slides from Chalice Mining's investor presentation, Nov 9, 2021
Slide 1: Maiden Mineral Resource at Julimar Investor Webinar and Presentation
ASX Announcement 9 November 2021 For personal use only Maiden Mineral Resource at Julimar Investor Webinar and Presentation Investor webinar to be held at 10am AWST, Tuesday 9 November 2021 Chalice Mining Limited (“Chalice” or “the Company”, ASX: CHN | OTCQB: CGMLF) has today released its maiden min
Slide 2: Julimar – a new world class PGE-Ni-Cu-Co-Au sulphide resource in Western Australia
For personal use only ASX: CHN | OTCQB: CGMLF Julimar – a new world class PGE-Ni-Cu-Co-Au sulphide resource in Western Australia Corporate Presentation 9 November 2021
Slide 3: 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 4: 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 5: Julimar is a province-defining new greenfield discovery in the world's 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 6: Gonneville is a tier-1 scale, pit-constrained, strategic green metals 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 7: The Resource includes a significant high-grade sulphide component in-pit
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 8: Flat grade-tonnage curve highlights the significant high-grade component
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 9: The Deposit remains open on private farmland, 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 8
Slide 10: Gonneville covers just ~7% of the 26km long 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 9
Slide 11: Immediately north of Gonneville, the Hartog Target is the 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 12: 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 13: Palladium has surged with the introduction of China 5/6 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 14: Initial drilling at Hartog and Scoping Study for Gonneville in Q2 2022
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 15: Preliminary met testwork shows high Pd-Pt-Ni-Cu-Co recoveries into two concentrates
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 16: The Julimar Project has the potential to deliver significant jobs, skills and economic diversification
The Julimar Project has the potential to deliver significant jobs, skills and economic diversification to the Wheatbelt region of WA use only Chalice is committed to strong environmental Utilising low-impact drilling stewardship: techniques in the Julimar State • Comprehensive program of baseline Fo
Slide 17: Board of Directors and Management
Board of Directors Growing organisational capability Tim Goyder, Chair • 40+ year industry veteran with track record of success as an investor, entrepreneur and company director Management • Founder and largest shareholder of Chalice (~11%) Richard Hacker, CFO For personal use only • Chartered Accou
Slide 18: The Julimar discovery has kick-started the new 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 19: 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 20: Julimar Nickel-Copper-PGE Project Appendix
For personal use only Julimar Nickel- Copper-PGE Project Appendix
Slide 21: Interactive 3D Model & Video: Take a tour of Julimar
Interactive 3D Model & Video: Take a tour of our globally significant Julimar Ni-Cu-PGE Project in Western Australia For personal use only https://inventum3d.com/c/chalicemining www.chalicemining.com 20
Slide 22: Gonneville maiden Mineral Resource Estimate (JORC Code 2012)
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 23: Higher-grade sulphide component of Gonneville 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 24: Gonneville Resource classification
Gonneville Resource classification 3D view (looking NE) of Gonneville Resource sulphide domains by classification For personal use only 23
Slide 25: The Chalice Story Appendix
For personal use only The Chalice Story Appendix
Slide 26: Corporate Snapshot
Corporate Snapshot For personal use only Top Shareholders1 Capital Structure and Financials Tim Goyder (Chairman) Founder in 2006 Equity listings 11% Shares out. 352.9M Market capitalisation ASX: CHN Shares (F/D) 361M ~A$2.4Bn (@ A$6.77ps) OTCQB: CGMLF 46% Retail & HNWI Debt Cash2 Cash & Investments
Slide 27: Chalice has been one of the standout performers, with ~4,000% TSR since the Julimar discovery
Chalice has been one of the standout performers in the sector, with a ~4,000% TSR since the Julimar discovery For personal use only Inclusion in 10.00 S&P/ASX200 9.00 Large EM-soil anomalies at Hartog 8.00 7.00 Inclusion in S&P/ASX300 $115M placement & 6.00 $30M placement SPP at $3.75 at $1.05 5.00
Slide 28: Company History
COMPANY HISTORY Since our 2006 IPO, we have acquired quality assets, advanced projects quickly and generated >A$110M in after-tax proceeds1 from asset sales For personal use only 2012 2020 Zara Gold Project in Major PGE-NI- Eritrea sold for Cu-Co-Au 2006 ~US$114M (pre-tax) discovery at 2016 $7.5M ra
Slide 29: 2021-22 Strategy
2021-22 STRATEGY 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
Slide 30: 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
Chalice Mining — Investor Presentation (November 2021) on 6ix