Chalice Mining Limited · ASX:CHN
Chalice Mining — RIU Explorers Conference 2022
30 slides from Chalice Mining's conference presentation, Feb 17, 2022
Slide 1: Julimar – a world class Ni-Cu-PGE project in Western Australia
For personal use only ASX: CHN | OTCQB: CGMLF Julimar – a world class Ni-Cu-PGE project in Western Australia RIU Explorers Conference 17 February 2022
Slide 2: 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 in certain material respects from the disclosure requirements of United States securities laws. The terms used
Slide 3: For personal use only
• A tier-1 scale, pit constrained PGE-Ni-Cu-Co sulphide For personal use only Resource3 at the Gonneville Deposit (9 Nov 21): 330Mt @ ~0.58% NiEq or ~1.6g/t PdEq for equivalent to ~1.9Mt NiEq or ~17Moz PdEq • One of the largest greenfield PGE-Ni-Cu-Co sulphide discoveries in recent history • Only 7%
Slide 4: Chalice has been a standout performer with ~5,000% TSR since Julimar discovery
Chalice has been one of the standout performers in the sector, with a ~5,000% TSR since the Julimar discovery in March 2020 For personal use only Drilling commences 12.00 Inclusion in S&P/ASX200 at Hartog ~1.9Mt NiEq or ~17Moz PdEq Maiden Resource 10.00 at Julimar Large EM-soil anomalies at Hartog 8
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: Chalice is building a world-class 'green metals' portfolio in Australia
Chalice is building a world-class ‘green metals’ portfolio in Australia For personal use only Platinum and Palladium Highly versatile but rare metals used to remove nitrogen oxides (NOx) from exhausts/hydrogen/ammonia streams (NOx are 300x more potent than CO2 as a greenhouse gas). Also highly effec
Slide 7: 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 8: 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 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 9
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 Julimar Complex WA • Interpreted >26km long mafic- ultramafic intru
Slide 11: New zone of shallow high-grade mineralisation discovered south of Hartog AEM anomaly
New zone of shallow high-grade mineralisation discovered directly south of the Hartog AEM anomaly, within a new intrusive unit Gonneville and Hartog Plan View – drilling results and Resource pit crest over airborne EM For personal use only • New shallow high-grade PGE-Ni-Cu-Co sulphide zone has no E
Slide 12: Preliminary met testwork shows high Pd-Pt-Ni-Cu-Co recoveries
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 13: 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 • Many of the ‘giant’ Ni-Cu-PGE sulphide deposits such as Narryer Norilsk, Jinchuan, Thompson and Voisey’s Bay are located proximal to the
Slide 14: Initial drilling at Hartog and Scoping Study represent significant upcoming milestones
Initial drilling at Hartog and Scoping Study for initial development at Gonneville represent significant upcoming milestones For personal use only Q1 2022 Q2 Q3 Q4 Julimar Complex exploration Access approvals Initial diamond drilling at Hartog-Baudin targets 70+ holes Initial AC drilling at Jansz-To
Slide 15: Highlights
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 Well funded team with an excellent track record 15
Slide 16: Julimar Nickel-Copper-PGE Project Appendix
For personal use only Julimar Nickel- Copper-PGE Project Appendix
Slide 17: Palladium has surged with 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 18: Julimar Project potential economic benefits and strong environmental stewardship
The Julimar Project has the potential to deliver significant economic benefits and Chalice is committed to strong environmental stewardship use only Strong environmental stewardship: Utilising low-impact drilling techniques (small footprint • Comprehensive program of baseline diamond rigs) in all ve
Slide 19: Growing organisational capability
Growing organisational capability Board of Directors Management Richard Hacker, CFO For personal use only Derek La Ferla, Chairman • Chartered Accountant with 20+ years experience in junior company • Highly regarded ASX200 chair and company director with 30+ years financing, corporate and commercial
Slide 20: 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 https://youtu.be/2oq3Y4Dfu4g 20
Slide 21: 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 22: 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 23: Flat grade-tonnage curve highlights 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 24: Gonneville Resource classification
Gonneville Resource classification 3D view (looking NE) of Gonneville Resource sulphide domains by classification For personal use only 24
Slide 25: Hartog Target is the highest priority – first-ever drilling underway
Immediately north of Gonneville, the compelling Hartog Target is the highest priority – first-ever drilling underway 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 • C
Slide 26: The Chalice Story Appendix
For personal use only The Chalice Story Appendix
Slide 27: Corporate Snapshot
Corporate Snapshot For personal use only Top Shareholders1 Capital Structure and Financials Tim Goyder Founder in 2006 Equity listings 11% Shares out. 355M Market capitalisation ASX: CHN Shares (F/D) 361M ~A$2.8Bn (@ A$7.79ps) OTCQB: CGMLF 48% Retail & HNWI Debt Cash2 Cash & Investments2 41% nil ~A$
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: For personal use only
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 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