Chalice Mining Limited · ASX:CHN
Chalice Mining — 2023 Macquarie Western Australia Forum
31 slides from Chalice Mining's conference presentation, Nov 30, 2023
Slide 1: Western Australia's new nickel-copper-PGE frontier
For personal use only Western Australia’s new nickel-copper- PGE frontier 2023 Macquarie Western Australia Forum 30 NOVEMBER 2023 ASX:CHN
Slide 2: Chalice is a leading ASX200 explorer-developer with a dual focus
Chalice is a leading ASX200 explorer-developer with a dual focus – the world-class Gonneville Project and the new West Yilgarn Province Our purpose – to find the metals needed to Our aspiration – to create a world class, multi-district For personal use only decarbonise the world (the green metals) g
Slide 3: Our approach to sustainability
Our approach to sustainability Our Sustainability Vision and Pillars For personal use only Deliver sustained shared value through responsible sustainability practices Strong Environmental Manage Climate Create Value for Healthy and Safe Stewardship Change Risk Stakeholders Workforce The Gonneville P
Slide 4: Market Outlook
For personal use only Market Outlook 4
Slide 5: The need to decarbonise will underpin long-term demand for green metals
The need to decarbonise the global economy will underpin long-term demand for green metals like nickel, copper, cobalt and PGEs For personal use only Electric Hybrid Energy Semi- Wind & Importance of metals Hydrogen Vehicles Vehicles Storage conductors Solar PV Nickel and Cobalt • Key industrial and
Slide 6: The case for hybrid electric vehicles is growing
The case for hybrid electric vehicles is growing – the ‘best of both worlds’ solution will drive strong demand for battery metals and PGEs • Sales of battery electric vehicles (BEVs) are For personal use only growing at 16% p.a., whilst sales of plug-in hybrid Electric vehicle sales, September 2022-
Slide 7: Platinum and Palladium are essential in every stage of the hydrogen value chain
Platinum and Palladium are essential in every stage of the hydrogen value chain, a critical solution to achieving net-zero carbon economy Production Transport and Storage Utilisation For personal use only Green hydrogen produced by electrolysis of Long-term storage and transport of green Green hydro
Slide 8: Gonneville Project
For personal use only Gonneville Project Project update and priorities
Slide 9: Gonneville Ni-Cu-PGE Project Overview
Gonneville Ni-Cu-PGE Project Overview A new long-life, low-cost, low-carbon green metals project in Western Australia A globally significant magmatic sulphide Resource ~70km from Perth: For personal use only • 560Mt @ ~0.54% NiEq or 1.7g/t PdEq for ~3.0Mt NiEq or 30Moz PdEq1 contained – deposit rema
Slide 10: Gonneville positioned to become a strategic asset for Australia and the western world
Gonneville is positioned to become a strategic asset for Australia and the western world, given its rare palladium-nickel-cobalt content Gonneville is the first major PGE discovery in Australia Global Palladium and Nickel Primary Supply Market Share (2022)3 For personal use only and one of the few r
Slide 11: Gonneville scoped to be 2nd quartile on the PGE industry cost curve
Gonneville scoped to be 2nd quartile on the PGE industry cost curve – PGE basket price needs to be >US$1,600/oz to sustain current market PGE Industry Cost Curve – Net total cash costs per 4E oz (after by-product credits), CY2022, US$/oz2 For personal use only Quartile 1 Quartile 2 Quartile 3 Quarti
Slide 12: Unlocking the full value of Gonneville through upside opportunities
Unlocking the full value of Gonneville through upside opportunities in mining, processing and commercial areas is underway [Orange] = Near term priorities Assessed upside potential For personal use only • Early high-grade underground mining in parallel to open-pit phase and block/sub-level caving op
Slide 13: The rare, tier-1 scale Gonneville Resource has high-grade optionality
The rare, tier-1 scale Gonneville Resource has high-grade optionality and compelling growth potential Mineral Resource Estimate1: Gonneville Nickel Equivalent Grade-Tonnage Curve in-pit (on NiEq cut-off grade basis) For personal use only • 560Mt @ 0.88g/t 3E (Pd+Pt+Au), 800 1.7 1.8 0.16% Ni, 0.09% C
Slide 14: High-grade base metal rich mineralisation near surface is targeted
High-grade base metal rich mineralisation near surface is targeted with the starter cases currently being modelled Gonneville hosts a range of sulphide mineralisation styles, starting near surface: For personal use only • High-Sulphide / base metal-rich mineralisation (>1.0% NiEq, 20-100 vol% sulphi
Slide 15: The Resource remains open down-dip, with ongoing drilling
The Resource remains open down-dip, with ongoing drilling demonstrating potential for material growth of the deposit 3D view (looking NNE) of the Gonneville Intrusion, >0.8% NiEq Resource blocks and drilling • The 500-600m thick Gonneville Intrusion is interpreted to extend a further ~1.6km down-dip
Slide 16: Phasing of the process flowsheet configuration is being evaluated
Phasing of the process flowsheet configuration is being evaluated in the initial phase of the PFS Sizing Grinding For personal use only Oxide feed bypasses flotation and goes to leach circuit – 75% Pd and 90% Au overall recovery from oxide modelled Oxide feed Potential to drop copper flotation stage
Slide 17: Regional Exploration
For personal use only Regional Exploration
Slide 18: Gonneville Resource occupies just ~2km of the >30km long belt
Gonneville Resource occupies just ~2km of the >30km long belt – regional drilling expected to recommence in the coming weeks 3D view (looking ESE) of the Julimar Complex, Gonneville Resource and soil geochemistry For personal use only Gonneville Project Torres Target (untested) • ~2km long section o
Slide 19: Ramping up an expansive regional exploration program
Ramping up an expansive regional exploration program in late 2024 – >10 new high-priority greenfield targets to be drilled across the province Barrabarra Project ~1,200km long western margin of the Yilgarn craton is Development Project highly prospective for orthomagmatic Ni-Cu+/-PGE For personal us
Slide 20: Potential catalysts: starter cases, regional drilling, strategic partnering
Gonneville high-grade starter cases, regional exploration drilling and the ongoing strategic partnering process represent potential catalysts For personal use only Milestones achieved to date Forward Plan1 Regional exploration drilling Strategic partnering process Pre-Feasibility Study (target compl
Slide 21: Summary: Key value drivers and priorities
Summary Key value drivers and priorities For personal use only Chalice owns 100% of a new Gonneville Project optimisation – investigating long-life, low-cost, low-carbon green metals project in WA 01 upside to Scoping Study metrics Strategic partnering – aim to attract a potential 02 Chalice’s team
Slide 22: Appendix
For personal use only Appendix
Slide 23: Company Overview
Company Overview Top Shareholders3 Our Achievements Corporate snapshot – ASX:CHN For personal use only Tim Goyder (Founder) 10% Goldman Sachs 10% • World class Gonneville Ni-Cu-PGE discovery Market Capitalisation1 recognised with PDAC Thayer Lindsley Award ~A$600m Shares on issue BlackRock 6% (2023)
Slide 24: Chalice is actively growing its organisational capability
Chalice is actively growing its organisational capability Board of Directors Management For personal use only Derek La Ferla, Non-Exec Chair Richard Hacker, GM Strategy and Commercial • Highly regarded ASX200 chair and company director with 30+ years experience as a • Chartered Accountant with 20+ y
Slide 25: 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 26: Gonneville Mineral Resource Estimate (JORC Code 2012), March 2023
Gonneville Mineral Resource Estimate (JORC Code 2012), 28 March 2023 Cut-off Domain Category Mass Grade Contained Metal Grade For personal use only Pd Au NiEq PdEq Pd Pt Au NiEq PdEq (Mt) Pt (g/t) Ni (%) Cu (%) Co (%) Ni (kt) Cu (kt) Co (kt) (g/t) (g/t) (%) (g/t) (Moz) (Moz) (Moz) (kt) (Moz) Measure
Slide 27: Higher-grade sulphide component of Gonneville Resource
Higher-grade sulphide component of Gonneville Resource (in pit and underground), 28 March 2023 Cut-off Domain Category Mass Grade Contained Metal Grade For personal use only Pd Au Co NiEq PdEq Pd Pt Au NiEq PdEq (Mt) Pt (g/t) Ni (%) Cu (%) Ni (kt) Cu (kt) Co (kt) (g/t) (g/t) (%) (%) (g/t) (Moz) (Moz
Slide 28: Metal equivalent assumptions of Gonneville Resource, March 2023
Metal equivalent assumptions of Gonneville Resource, 28 March 2023 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, c
Slide 29: Cautionary statements and competent person(s) disclosure
Cautionary statements and competent person(s) disclosure Authorisation Forward-Looking Statement This Presentation has been authorised for release by the Disclosure Committee. This Presentation may contain forward-looking statements and forward information, (collectively, forward-looking For persona
Slide 30: Cautionary statements and competent person(s) disclosure (cont'd.)
Cautionary statements and competent person(s) disclosure (cont’d.) Reliance on Third Party Information The information in this Presentation that relates to Mineral Resources has been extracted from the ASX announcement The views expressed in this Presentation contain information that has been derive
Slide 31: 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
Chalice Mining — 2023 Macquarie Western Australia Forum on 6ix