Chalice Mining Limited · ASX:CHN
Chalice Mining — Shareholder Meeting (November 2022)
49 slides from Chalice Mining's shareholder meeting presentation, Nov 23, 2022
Slide 1: AGM Chairman's Address and Managing Director's Presentation
ASX Announcement 23 November 2022 For personal use only AGM Chairman’s Address and Managing Director’s Presentation Chalice Mining Limited (ASX: CHN | OTCQB: CGMLF) is pleased to provide in accordance with Listing Rule 3.13.3, the Chairman’s Address and the Managing Director and Chief Executive Offi
Slide 2: Chairman's Address – 2022 Annual General Meeting
ASX Announcement 23 November 2022 For personal use only Chairman’s Address – 2022 Annual General Meeting On behalf of the Board of Chalice Mining, I am delighted to welcome you to the Company’s 2022 Annual General Meeting. I’d like to begin by acknowledging the Whadjuk/Noongar People, the Traditiona
Slide 3: Chairman's Address (continued)
year. The Study will mark a pivotal milestone for Chalice, helping to map the Gonneville Deposit’s development pathway and options, and signalling the start of the Company’s transition towards project development. As we begin to establish this roadmap for development, it has been pleasing to see a s
Slide 4: Chairman's Address conclusion and contacts
I would also like to acknowledge the exceptional efforts of the entire hardworking Chalice team, led by Alex Dorsch. Advancing a unique, large asset like Julimar is no mean feat, so well done to all. I would finally like to thank our loyal shareholders for their continued support during a challengin
Slide 5: 2022 Annual General Meeting
For personal use only ASX: CHN | OTCQB: CGMLF 2022 Annual General Meeting AGM Presentation 23 November 2022
Slide 6: Agenda
Agenda For personal use only Chairman’s Address MD & CEO Presentation Item 1 – Annual Report Questions Item 2 - Resolutions, Proxies and Voting Resolution Questions 2
Slide 7: Board of Directors
Board of Directors For personal use only Derek La Ferla, Chairman Linda Kenyon, Non-Exec Director • Highly regarded ASX200 chair and company director • Corporate lawyer and senior executive with 30+ years with 30+ years experience as a corporate lawyer experience • Chair of Poseidon Nickel and forme
Slide 8: Online Attendees: How to Vote
Online Attendees How to Vote For personal use only • When the poll is open, select the vote icon at the top of the screen • To vote, select either For, Against or Items of Business Abstain 2A Re-elect Mr Sam Sample as a Director • You will see a vote confirmation FOR AGAINST ABSTAIN • To change or c
Slide 9: Online Attendees: How to Ask a Question
Online Attendees How to ask a Question For personal use only • To ask a written question select the Q & A icon • Select the topic your question relates to from the drop-down list • Type your question in the text box and press the send button • To ask a verbal question follow the instructions below t
Slide 10: Chairman's Address
For personal use only Chairman’s Address Derek La Ferla
Slide 11: 2022 – a year of achievements against a challenging backdrop
2022 – a year of achievements against a challenging backdrop For personal use only 7 7
Slide 12: Managing Director and CEO Presentation
For personal use only Managing Director and CEO Presentation Alex Dorsch
Slide 13: 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 Disclaimer isolation as a guide to investing in the Company. Any potential investor should also refer to Chalice Mining Whils
Slide 14: A globally recognised name in exploration
For personal use only A globally recognised name in exploration – a team with a track record of finding mines and rewarding shareholders High-performance, results driven culture (mine finding + commercial DNA) Our purpose – to find the metals needed to decarbonise the world Our aspiration – to creat
Slide 15: FY2022 Highlights
FY2022 Highlights For personal use only Shareholder Value Environment ~3,000% TSR since Falcon demerger ~6,000ha surveyed to Approvals received for Julimar discovery completed establish flora/fauna first ever exploration baseline at Julimar drilling in the Julimar State Forest $100 million raised at
Slide 16: Share price has increased ~30x since the Julimar discovery
Our share price has increased ~30x since the Julimar discovery, but has underperformed in 2022 in challenging macro conditions For personal use only 250.0 200.0 Price, Rebased to 100 150.0 24.4% 18.0% 100.0 (9.6%) (28.2%) 50.0 0.0 CHN.ASX Nickel (LME) Palladium (LME) ASX300 Resources Index 1: Source
Slide 17: FY2023 Strategy
FY2023 Strategy For personal use only Generate new discoveries in the West Yilgarn Define and characterise resources De-risk development of the Julimar Project Develop our business and market Fund the strategy, maintain financial strength and maximise optionality Focus on people and stakeholders 13
Slide 18: A strategic, large-scale Resource with rare mix of critical minerals
For personal use only 11Moz 3E2 560kt Ni 360kt Cu 54kt Co A strategic, large-scale Green metals at Julimar are Resource with rare mix of essential for decarbonisation critical minerals in sulphide technologies like batteries, mineralogy electric vehicles and hydrogen Strategy to explore and 100% own
Slide 19: Julimar is capturing attention as a strategic asset
Julimar is capturing attention as a strategic asset for Australia and the western world, given its rare palladium-nickel-cobalt content Global Palladium Primary Supply Market Share For personal use only Julimar is the first major PGE discovery in Australia and one of the few recent large-scale Ni-Cu
Slide 20: Growing battery industry needs sustainable sources of battery-grade nickel
The growing battery industry needs new, large scale and sustainable sources of battery-grade nickel – a unique opportunity for Julimar For personal use only Battery-grade nickel consumers forecast to Estimated avg carbon intensity of nickel sources (kgCO2 eq. per kg Ni) become heavily reliant on sup
Slide 21: Strong environmental stewardship at Julimar
Chalice is committed to strong environmental stewardship and has a unique opportunity at Julimar to demonstrate this For personal use only Leading practice low-impact exploration • Strictly governed by a Conservation Julimar Project Biodiversity Goal Management Plan, according to To ensure science-b
Slide 22: Julimar benefits for the local community and wider region
The Julimar Project has the potential to deliver significant benefits for the local community and wider region For personal use only Chalice has engaged early, actively and Chalice is committed to achieving lasting Julimar could deliver jobs, skills and transparently to build respectful and social a
Slide 23: Fourth largest undeveloped nickel sulphide resource in Australia
Julimar has the fourth largest undeveloped nickel sulphide resource in Australia and has significant PGE-Cu-Co credits For personal use only Under offer 3,000 by BHP 2,500 Including all six payable metals, Julimar has a 2,000 Australian Contained Nickel (kt) contained nickel equivalent of ~2,000 kt
Slide 24: Tier-1 scale, near-surface Resource with growth potential
The tier-1 scale, near-surface Resource has high-grade optionality and compelling growth potential For personal use only Updated Indicated and Inferred Mineral Resource Estimate1: • 350Mt @ 0.96g/t Pd+Pt+Au (3E), 0.16% Ni, 0.10% Cu, 0.015% Co (~0.58% NiEq or ~1.8g/t PdEq) • 11Moz 3E, 560kt Ni, 360kt
Slide 25: Wide, high-grade intersections at northern end of Gonneville
The growth potential at Gonneville was highlighted by recent outstanding wide, high-grade intersections at the northern end of the deposit For personal use only The initial results at Hartog from restricted drill sites have confirmed Gonneville-like sulphide mineralisation in this fault-offset exten
Slide 26: Resource occupies ~2km of the >30km long Julimar Complex
The Resource occupies just ~2km of the >30km long Julimar Complex – the upside to the north has the potential to transform the project For personal use only State Forest Flinders Target (untested) WA Area • Large coincident Mag-AEM anomaly • Access pending Julimar Complex • Interpreted >30km long ma
Slide 27: Two processing options under evaluation in Scoping Study
Two processing options are under evaluation in the ongoing Scoping Study – selective Cu/Ni flotation or Cu flotation + Ni enrichment Simplified sequential flotation process for higher-grade sulphide mineralisation For personal use only • Preliminary testwork to date on 15 sulphide composite Rougher
Slide 28: Initial drilling and Scoping Study represent upcoming milestones
Initial drilling along the Julimar Complex and the Scoping Study for an potential mine at Gonneville represent significant upcoming milestones For personal use only Chalice has consistently delivered since the Julimar We are rapidly advancing Gonneville discovery in early 2020 towards mine developme
Slide 29: Julimar discovery kick-started the 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 critical mineral discoveries For personal use only • Many of the ‘giant’ ortho-magmatic nickel-copper-PGE Narryer sulphide deposits such as Norilsk, Jinchuan, Thompson and Burtville Terrane
Slide 30: Summary of investment case
For personal use only New world class, strategic, ‘green metals’ Resource in Western Australia – a ‘once in a generation’ discovery Significant exploration upside at Julimar and in the new West Yilgarn Ni-Cu-PGE Province – targeting more shallow high-grade sulphides High performance, well funded tea
Slide 31: Item – Annual Report
For personal use only Item 1 – Annual Report
Slide 32: Agenda Items – Annual Report
Agenda Items – Item 1 For personal use only Annual Report To consider the Annual Report of the Company and its controlled entities for the financial year ended 30 June 2022, which includes the Financial Report, the Directors' Report and the Auditor's Report. 28
Slide 33: Questions
For personal use only Questions
Slide 34: Item - Resolutions
For personal use only Item 2 - Resolutions
Slide 35: Resolution – Remuneration Report
Resolution 1 – Remuneration Report For personal use only To consider and, if thought fit, to pass with or without amendment, as a non-binding ordinary resolution the following: 'That, the Remuneration Report be adopted by Shareholders, on the terms and conditions in the Explanatory Memorandum.' Prox
Slide 36: Resolution – Re-election of Director – Morgan Ball
Resolution 2 – Re-election of Director – Morgan Ball For personal use only To consider and, if thought fit, to pass with or without amendment, as an ordinary resolution the following: 'That, Morgan Ball, who retires in accordance with Clause 7.2(a) of the Constitution and Listing Rule 14.4 and for a
Slide 37: Resolution – Election of Director – Jo Gaines
Resolution 3 – Election of Director – Jo Gaines For personal use only To consider and, if thought fit, to pass with or without amendment, as an ordinary resolution the following: 'That, in accordance with Clause 7.6(c) of the Constitution and Listing Rule 14.4 and for all other purposes, Jo Gaines,
Slide 38: Resolution – Approval of Issue of Performance Rights to Alex Dorsch
Resolution 4 – Approval of Issue of Performance Rights to Alex Dorsch For personal use only To consider and, if thought fit, to pass with or without amendment, as an ordinary resolution the following: 'That, pursuant to and in accordance with Listing Rule 10.14 and for all other purposes, Shareholde
Slide 39: Resolution – Ratification of Issue of Placement Shares
Resolution 5 – Ratification of Issue of Placement Shares For personal use only To consider and, if thought fit, to pass with or without amendment, as an ordinary resolution the following: 'That, pursuant to and in accordance with Listing Rule 7.4 and for all other purposes, Shareholders ratify the i
Slide 40: Resolution – Approval of New Plan
Resolution 6 – Approval of New Plan For personal use only To consider and, if thought fit, to pass with or without amendment, as an ordinary resolution the following: 'That, pursuant to and in accordance with exception 13(b) of Listing Rule 7.2 and for all other purposes, Shareholders approve the ne
Slide 41: Resolution – Approval of potential termination benefits under the New Plan
Resolution 7 – Approval of potential termination benefits under the New Plan For personal use only To consider and, if thought fit, to pass with or without amendment, as an ordinary resolution the following: ‘That, conditional on Resolution 6 being approved, for a period commencing from the date thi
Slide 42: Resolution – Re-insertion of Proportional Takeover Bid Approval Provisions
Resolution 8 – Re-insertion of Proportional Takeover Bid Approval Provisions For personal use only To consider and, if thought fit, to pass with or without amendment, as a special resolution the following: 'That, the modification of the Company's Constitution to re-insert the proportional takeover b
Slide 43: Thank You – Conclusion of Meeting
For personal use only Thank You Conclusion of Meeting
Slide 44: Appendix
For personal use only Appendix
Slide 45: Gonneville Mineral Resource Estimate (JORC Code 2012), July 2022
Gonneville Mineral Resource Estimate (JORC Code 2012), 8 July 2022 For personal use only Cut-off Domain Category Mass Grade Contained Metal Grade Pd Pt Au NiEq PdEq Pd Au Cu PdEq (Mt) (g/t) (g/t) (g/t) Ni (%) Cu (%) Co (%) (%) (g/t) (Moz) Pt (Moz) (Moz) Ni (kt) (kt) Co (kt) NiEq (kt) (Moz) Indicated
Slide 46: Higher-grade sulphide component of Gonneville Resource
Higher-grade sulphide component of Gonneville Resource (in pit and underground), 8 July 2022 For personal use only Cut-off Domain Category Mass Grade Contained Metal Grade Pd Au Co NiEq PdEq Pd Pt Au Ni Cu Co NiEq PdEq (Mt) Pt (g/t) Ni (%) Cu (%) (g/t) (g/t) (%) (%) (g/t) (Moz) (Moz) (Moz) (kt) (kt)
Slide 47: Metal equivalent assumptions of Gonneville Resource, July 2022
Metal equivalent assumptions of Gonneville Resource, 8 July 2022 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, cop
Slide 48: Australian Primary Nickel Sulphide Resources (4 Oct 2022)
Australian Primary Nickel Sulphide Resources (4 Oct 2022) For personal use only Total Measured (Meas.), Indicated (Ind.) and Inferred (Inf.) resources Meas. Ind. Inf. Tonnage Nickel Copper Cobalt Gold Platinum Palladium Silver Tonnage Tonnage Tonnage Rank Asset Company Stage Source Announcement Date
Slide 49: For personal use only
For personal use only ABN 47 1 16 648 956 Sign up to receive our Level 3, 46 Colin Street latest news by scanning the West Perth WA 6005, Australia QR Code or visit our website +61 8 9322 3960 info@chalicemining.com www.chalicemining.com chalice-mining @ChaliceMining