Chalice Mining Limited · ASX:CHN
Chalice Mining — Resources Rising Stars Gold Coast Conference 2022
35 slides from Chalice Mining's conference presentation, Jun 7, 2022
Slide 1: Julimar – the start of a new Ni-Cu-PGE province in Western Australia
For personal use only ASX: CHN | OTCQB: CGMLF Julimar – the start of a new Ni-Cu-PGE province in Western Australia Resources Rising Stars Gold Coast Conference 7-8 June 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 Disclaimer isolation as a guide to investing in the Company. Any potential investor should also refer to Chalice Mining Whils
Slide 3: Chalice – a globally recognised name in mineral exploration
For personal use only A team with an Chalice – a globally exceptional track recognised name in record of finding and mineral exploration defining mines and rewarding shareholders We work to create High-performance, sustained value for results driven culture shareholders and (discovery DNA) stakehold
Slide 4: Tier-1 scale, pit-constrained PGE-Ni-Cu-Co sulphide resource
A tier-1 scale, pit-constrained PGE-Ni-Cu-Co sulphide resource (9 Nov 2021): 330Mt @ ~0.58% NiEq or ~1.6g/t PdEq1 for For personal use only • One of the largest greenfield PGE-Ni-Cu-Co sulphide discoveries in recent history equivalent to ~1.9Mt NiEq or ~17Moz PdEq • Metals essential for green techno
Slide 5: Julimar is a strategic asset for Australia and the western world
Julimar is capturing attention as a strategic asset for Australia and the western world, given its rare palladium-nickel-cobalt content For personal use only Julimar is the first major PGE discovery in Global Palladium Primary Supply Market Share 2022 Australia and one of the few recent large-scale
Slide 6: 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 emissions For personal use only Production Transport and Storage Utilisation Green hydrogen produced by electrolysis of Long-term storage and transport of green Green hyd
Slide 7: The growing hydrogen economy could underpin long term PGE demand
The rapidly growing and increasingly adopted hydrogen economy has the potential to underpin long term PGE demand For personal use only Current primary supply of Pt and Pd is ~16Moz Estimated Annual Pt and Pd Demand from Hydrogen (Moz) p.a. Pd is in prolonged deficit while Pt in surplus Electrolysers
Slide 8: Battery makers increasingly reliant on high carbon intensity nickel
Battery manufacturers are becoming increasingly reliant on high carbon intensity 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 supply sources
Slide 9: Julimar is a province-defining new greenfield discovery
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 10: 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 11: 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 12: Host Gonneville Intrusion is ~600m thick
The host Gonneville Intrusion is ~600m thick and high-grade mineralisation is already demonstrated ~400m beyond the Resource pit shell For personal use only 12
Slide 13: Deposit remains open down-dip and along strike to the north
The Deposit remains open down-dip and along strike to the north, with ongoing drilling demonstrating potential for material growth For personal use only 13
Slide 14: Preliminary met testwork shows high 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 15: Gonneville covers just 2km of the >30km long Julimar Complex
Gonneville covers just 2km of the >30km 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 WA Flinders Target (untested) • Large coincident Mag-AEM anomaly B
Slide 16: Approvals in place for drilling of the Hartog-Dampier targets
Approvals in place for drilling of the Hartog-Dampier targets – initial results indicate a mineralised mafic-ultramafic system For personal use only • 8 of ~70 sites drilled to date at lower priority targets (due to previous access constraints) within the Hartog area • Several narrow intervals of or
Slide 17: Julimar 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 • Many of the ‘giant’ ortho-magmatic nickel-copper-PGE Narryer sulphide deposits such as Norilsk, Jinchuan, Thompson and Burtville Terrane Voisey’s Bay are
Slide 18: Hartog drilling, resource update and Scoping Study upcoming milestones
Drilling at Hartog as well as the Gonneville resource update and Scoping Study represent significant upcoming milestones For personal use only Q2 CY22 Q3 CY22 Q4 CY22 Q1 CY23 Julimar Complex exploration Access approvals Hartog-Dampier targets All approvals secured for Hartog-Dampier drilling Initial
Slide 19: 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 High performance, well funded team with an excellent track record 1As of 31 May 2022 19
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 https://youtu.be/2oq3Y4Dfu4g 21
Slide 22: Committed to strong environmental stewardship
The Julimar Project has the potential to deliver significant economic benefits and Chalice is committed to strong environmental stewardship use only Exploring in the Julimar State Forest Strong environmental stewardship: under a Conservation Management • Comprehensive program of baseline Plan using
Slide 23: Gonneville maiden Mineral Resource Estimate (JORC 2012), 9 Nov 2021
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 24: 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 25: Metal Equivalent Assumptions of Gonneville Resource
Metal Equivalent Assumptions of Gonneville Resource, 9 Nov 2021 For personal use only Sulphide domain intercepts and resource figures are quoted using a nickel equivalent (NiEq) and palladium equivalent (PdEq) cut-off grades. No metal equivalent is used for the oxide domain. Based on limited metallu
Slide 26: 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 27: Gonneville Resource classification
Gonneville Resource classification 3D view (looking NE) of Gonneville Resource sulphide domains by classification For personal use only 27
Slide 28: Long Term PGE Demand Forecast: Supporting Assumptions & Calculations
Long Term PGE Demand Forecast: Supporting Assumptions & Calculations For personal use only The long term PGE demand impact from the Hydrogen economy have been generated by Company analysis using assumptions and forecasts that have been informed by recent third party research. The assumptions used be
Slide 29: The Chalice Story Appendix
For personal use only The Chalice Story Appendix
Slide 30: Corporate Snapshot
Corporate Snapshot For personal use only Top Shareholders1 Capital Structure and Financials Tim Goyder Founder in 2006 10% Equity listings Shares out. 372M Market capitalisation ASX: CHN Shares (F/D) 378M ~A$2.36Bn (@ A$6.36 ps)3 OTCQB: CGMLF 42.0 Retail & HNWI Debt Cash2 Cash & Investments2 nil ~A$
Slide 31: 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 32: 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 Rare metals used in catalytic converters – a pollution control device which is in every petrol, diesel or hybrid vehicle. Palladium reduces greenhouse gas emissions from exhaust strea
Slide 33: Standout performer with ~4,000% TSR since Julimar discovery
Chalice has been one of the standout performers in the sector, with a ~4,000% TSR since the Julimar discovery in March 2020 For personal use only Drilling commences 12.00 Inclusion in at Hartog S&P/ASX200 ~1.9Mt NiEq or ~17Moz PdEq Maiden Resource $100M at Julimar placement 10.00 at $6 Large EM-soil
Slide 34: 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 For personal use only 2012 2020 Zara Gold Major PGE- Project in Eritrea 2022 NI-Cu-Co-Au 2006 sold for $100M 2016 discovery at $7.5M raised ~US$114M raised to Cameron Julimar in IPO on AS
Slide 35: 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
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