Chalice Mining Limited · ASX:CHN
Chalice Mining — Macquarie Critical Minerals Forum 2023
34 slides from Chalice Mining's conference presentation, Jun 28, 2023
Slide 1: The Julimar Ni-Cu-PGE Project – the right metals at the right time
For personal use only ASX: CHN The Julimar Ni-Cu-PGE Project – the right metals at the right time in Western Australia Macquarie Critical Minerals Forum 28 June 2023
Slide 2: Forward looking statements and competent person(s) disclosure
Forward looking statements and competent person(s) disclosure This presentation does not provide investment or financial product advice and does not include all available Authorisation Information on Chalice Mining Limited and should not be used in isolation as a guide to investing in the Company. T
Slide 3: A globally recognised name in minerals exploration
For personal use only A globally recognised name in minerals exploration A team with a track record of finding mines (Flying Fox, Spotted Quoll, Tropicana) and rewarding shareholders High-performance, results driven culture that is values driven Our purpose – to find the metals needed to decarbonise
Slide 4: Chalice is a leading ASX200 green metals explorer-developer
Chalice is a leading ASX200 green metals explorer-developer with a track record of creating shareholder value Board of Directors Our Achievements For personal use only • ~4,000% total return to shareholders since Julimar discovery in March 2020 • World class Julimar Ni-Cu-PGE discovery recognised wi
Slide 5: A tier-1 scale magmatic sulphide Resource
– A tier-1 scale magmatic sulphide Resource: For personal use only 16Moz 3E2 860kt Ni 520kt Cu 83kt 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
Slide 6: Julimar is capturing attention as 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 Julimar is the first major PGE discovery in Australia Global Palladium and Nickel Primary Supply and one of the few recent large-scale magmatic Ni- Market Share (20
Slide 7: Need to decarbonise will underpin long-term demand for green metals
The need to decarbonise the global economy will underpin long-term demand for the green metals at Julimar For personal use only Hydrogen Electric Hybrid Energy Semi- Wind & Importance of metals Vehicles Vehicles Storage conductors Solar PV Nickel and Cobalt • Key industrial and electrification metal
Slide 8: The tier-1 scale, near-surface Resource has high-grade optionality
The tier-1 scale, near-surface Resource has high-grade optionality and compelling growth potential For personal use only Mineral Resource Estimate1: • 560Mt @ 0.88g/t 3E, 0.16% Ni, 0.09% Cu, 0.015% Co (~0.54% NiEq or ~1.7g/t PdEq) • 16Moz 3E, 860kt Ni, 520kt Cu and 83kt Co contained • Equivalent to
Slide 9: Higher-grade sulphide component remains the focus of studies
The higher-grade sulphide component of the Resource starts near surface and remains the focus of studies evaluating the initial development phase For personal use only Higher-grade sulphide component of Resource1: • 120Mt @ 1.6g/t 3E, 0.20% Ni, 0.18% Cu, 0.017% Co (~0.9% NiEq or ~2.7g/t PdEq); • 5.8
Slide 10: Julimar has the second largest undeveloped nickel sulphide resource in Australia
Julimar has the second largest undeveloped nickel sulphide resource in Australia and has significant PGE-Cu-Co credits For personal use only 1,400 Recently acquired by BHP 1,200 Including all six payable metals, Julimar has a 1,000 contained nickel equivalent of ~3,000 kt Contained Nickel (kt) Austr
Slide 11: The Resource remains open down-dip
The Resource remains open down-dip, with ongoing drilling demonstrating potential for material growth on farmland • The 500-600m For personal use only thick host Intrusion is interpreted to extend a further ~1.6km down-dip to the west beyond the Resource • Disseminated sulphide mineralisation is con
Slide 12: Magmatic sulphides intersected over ~10km strike across the Julimar Complex
Mafic-ultramafic geology + magmatic sulphides have been intersected over a strike length of ~10km across the Julimar Complex • 2D seismic and drilling to date supports interpretation of the Julimar Complex having a rare chonolith-like For personal use only geometry, similar to other major mineral sy
Slide 13: Several large sections of the Julimar Complex remain untested
Several large sections of the Julimar Complex remain untested and recent deeper drilling indicates a thickening of the Complex at depth For personal use only 13
Slide 14: The current Resource occupies just ~2km of the >30km long Julimar Complex
The current Resource occupies just ~2km of the >30km long Julimar Complex – the upside to the north presents a truly unique opportunity For personal use only State Forest Flinders Target (untested) • Large coincident Mag-AEM anomaly Area • Access pending WA Flinders Julimar Complex • Interpreted >30
Slide 15: The processing flowsheet is under development
The processing flowsheet is under development, targeting production of a Cu- PGE-Au concentrate and a battery-grade Ni-Co MHP For personal use only Crushing Grinding Copper Flotation Nickel-Iron Flotation Tailings Storage Facility Potential Potential grinding leaching Neutralised solids • >150 batch
Slide 16: Exploration drilling and strategic partnering represent significant upcoming milestones
Exploration drilling along the Julimar Complex and strategic partnering on Gonneville represent significant upcoming milestones Chalice continues its multi-track value creation strategy at Julimar – continue initial exploration to determine the full scale of the mineral system, advance development s
Slide 17: Committed to strong environmental stewardship and community relationships
Chalice is committed to strong environmental stewardship and has established trust based relationships with local communities and Traditional Owners We have adopted a Biodiversity goal for the Julimar A mine at Julimar could deliver significant jobs, skills and Project – to ensure science-based no n
Slide 18: Julimar 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 critical mineral discoveries • Many of the ‘giant’ ortho-magmatic nickel-copper-PGE Narryer sulphide deposits (Norilsk, Jinchuan, Thompson and Voisey’s Burtville For personal use only Terra
Slide 19: The fate of decarbonisation rests on the explorers who must find the green metals
The fate of decarbonisation rests on the explorers who must find the green metals – the big discoveries are very rare 50 only Post WWII boom and new Rise of China and surge in 60 modern exploration tools exploration expenditure (11x) 40 use ~60% drop in 10 personal exploration expenditure and shallo
Slide 20: Investment summary
For personal use only World class, tier-1 scale green metals project in Western Australia – unique exposure to critical metals required for decarbonisation A team with a track record of discovery and shareholder value creation Significant exploration upside at Julimar and in the exciting new West Yi
Slide 21: Appendix
For personal use only Appendix
Slide 22: Chalice is actively growing its organisational capability
Chalice is actively growing its organisational capability Board of Directors Management Derek La Ferla, Chairman Richard Hacker, GM Strategy and Commercial • Highly regarded ASX200 chair and company director with 30+ years • Chartered Accountant with 20+ years experience in resource experience as a
Slide 23: Since our 2006 IPO, we have acquired quality assets and generated exceptional returns
Since our 2006 IPO, we have acquired quality assets, advanced projects quickly and generated exceptional returns 2012 2020 Zara Gold Project Major PGE- 2022 For personal use only in Eritrea sold for NI-Cu-Co-Au $100M 2006 ~US$114M discovery at raised to 2016 progress $7.5M raised in (pre-tax) Julima
Slide 24: The growing battery industry needs new, 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 Battery-grade nickel consumers forecast to Estimated average carbon intensity of nickel sources For personal use only become heavily reliant on supply sources that (
Slide 25: 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 Production Transport and Storage Utilisation For personal use only Green hydrogen produced by electrolysis of Long-term storage and transport of green Green hyd
Slide 26: The hydrogen economy has potential to underpin long term PGE demand
The rapidly growing and increasingly adopted hydrogen economy has the potential to underpin long term PGE demand Current primary supply of Pt and Pd is ~16Moz p.a. Pd is in prolonged deficit while Pt in surplus Estimated Annual Pt and Pd Demand from Hydrogen (Moz) For personal use only Electrolysers
Slide 27: Long term PGE demand forecast: supporting assumptions & calculations
Long term PGE demand forecast: supporting assumptions & calculations 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 below relate to the year
Slide 28: Flat grade-tonnage curve highlights the higher-grade component
Flat grade-tonnage curve highlights the significant higher-grade component – providing the project with development optionality 800 1.7 1.8 use only 1.6 1.6 700 677 1.5 1.6 646 1.5 1.4 592 1.3 1.4 600 1.3 1.2 Average grade (% NiEq) Mass above cut-off (Mt) 500 1.1 1.2 500 1.0 For personal 0.9 1.0 0.9
Slide 29: 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 Au NiEq PdEq Pd Pt Au NiEq PdEq (Mt) Pd (g/t) Pt (g/t) Ni (%) Cu (%) Co (%) Ni (kt) Cu (kt) Co (kt) (g/t) (%) (g/t) (Moz) (Moz) (Moz) (kt) (Moz) Measure
Slide 30: 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 (Mt) Pd (g/t) Pt (g/t) Au Ni (%) Cu (%) Co NiEq PdEq Pd Pt Au Ni (kt) Cu (kt) Co (kt) NiEq PdEq For personal use only (g/t) (%) (g/t) (Moz) (Moz) (M
Slide 31: 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 calculations (palladium, platinum, gold, nickel, copper and cobalt) have
Slide 32: Australian Primary Nickel Sulphide Resources
Australian Primary Nickel Sulphide Resources (28 Mar 2023) Total Measured (Meas.), Indicated (Ind.) and Inferred (Inf.) resources Meas. Ind. Inf. For personal use only Tonnage Nickel Copper Cobalt Gold Platinum Palladium Silver Tonnage Tonnage Tonnage Rank Asset Company Stage Source Announcement Dat
Slide 33: Interactive 3D Model & Video of the Julimar Project
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/IfZbkexfJDk To view on the Chalice website or for more information visit https://chalicemining.com/proje
Slide 34: Contact details
For personal use only ABN 47 1 16 648 956 Visit our website Level 3, 46 Colin Street and sign up to West Perth WA 6005, Australia receive our latest news +61 8 9322 3960 info@chalicemining.com www.chalicemining.com chalice-mining @ChaliceMining
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