Slide 1: An emerging critical minerals province in Western Australia
For personal use only An emerging critical minerals province in Western Australia Future Facing Commodities 2024 26 MARCH 2024 ASX:CHN
Slide 2: 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 statements)
Slide 3: Cautionary statements and competent person(s) disclosure (cont'd.)
Cautionary statements and competent person(s) disclosure (cont’d.) Reliance on Third Party Information Production Targets and Forecast Financial Information The views expressed in this Presentation contain information that has been derived from third party sources that have For personal use only not
Slide 4: Why Chalice?
Why Chalice? We own one of the largest critical minerals deposits in the western world and are unlocking a new mineral province Strong • ~A$112M in cash and no debt1 financial For personal use only position • No need to raise capital in the foreseeable future Unique tier-1 • 100% ownership of the la
Slide 5: Gonneville is positioned to become a strategic asset for Australia and the western world
Gonneville is positioned to become a strategic asset for Australia and the western world, given its rare palladium-nickel-cobalt content Gonneville is the first major PGE discovery in Australia Global Palladium and Nickel Primary Supply Market Share (2022)2 For personal use only and one of the few r
Slide 6: Palladium spot price is at the ~50th percentile of the cost curve
Palladium spot price is at the ~50th percentile of the cost curve – Supply is decreasing whilst demand remains robust PGE Industry Cost Curve – Net total cash costs per 4E oz (after by-product credits), CY2022, US$/oz1 For personal use only Quartile 1 Quartile 2 Quartile 3 Quartile 4 2,000 1,600 1,3
Slide 7: Why palladium? Hybrid electric vehicles drive demand
Why palladium? Hybrid electric vehicles – the ‘best of both worlds’ solution will drive strong demand for palladium and battery metals Electric vehicle sales year-on-year • Key driver of Pd demand is sales of plug-in hybrid For personal use only Feb 2023 - Feb 2024 (‘000s) electric (PHEV) and ICE ve
Slide 8: Why now? Palladium prices are at cyclical lows
Why now? Palladium prices are at cyclical lows, vehicle sales are strong and Chalice has a high degree of leverage to price recovery China-US-EU total ICE+hybrid vehicle sales (000’s, monthly)1 Drivers for PGE price recovery For personal use only vs Pd price performance (rebased)2 1. Slowing electri
Slide 9: Gonneville Project: Project update and priorities
For personal use only Gonneville Project Project update and priorities
Slide 10: Gonneville Ni-Cu-PGE Project Overview
Gonneville Ni-Cu-PGE Project Overview A new long-life, low-cost, low-carbon critical minerals 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 ~16Moz of Pd-Pt-Au (3E), 860kt Ni, 520kt Cu, 8
Slide 11: Gonneville high-grade starter cases, regional exploration and partnering process represent potential catalysts
Gonneville high-grade starter cases, regional exploration drilling and the ongoing strategic partnering process represent potential catalysts Milestones achieved to date Forward Plan1 For personal use only Regional exploration Partnering process High-grade starter development case Gonneville Signifi
Slide 12: 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 13: Regional Exploration
For personal use only Regional Exploration
Slide 14: Gonneville Resource occupies just ~2km of the >30km long intrusive belt
Gonneville Resource occupies just ~2km of the >30km long intrusive belt – regional drilling continuing 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 of the Julimar • ~4km l
Slide 15: Chalice has defined 40+ Ni-Cu-PGE and Cu-Au-Ag targets in the West Yilgarn Province
Chalice has defined 40+ Ni-Cu-PGE and Cu-Au-Ag targets in the West Yilgarn Province – near-term focus on copper and precious metal targets ~1,200km long western margin of the Yilgarn craton is highly prospective for Barrabarra Project orthomagmatic Ni-Cu+/-PGE, Intrusion-related / orogenic gold-copp
Slide 16: Summary
Summary For personal use only Chalice owns 100% of a new Key value drivers and upcoming catalysts long-life, low-cost, low-carbon critical minerals project in WA 1. PGE price recovery driven by slowing BEV uptake and strong ICE/hybrid sales 2. Strategic partnering process for Gonneville – positive p
Slide 17: Appendix
For personal use only Appendix
Slide 18: Chalice is a globally recognised explorer with a highly regarded Board and management team
Chalice is a globally recognised explorer with a highly regarded Board and management team Our Achievements Corporate snapshot – ASX:CHN For personal use only Share Register3 • World class Gonneville Ni-Cu-PGE discovery Market Capitalisation1 Shares on issue Tim Goyder (Founder) 11% recognised with
Slide 19: Our approach to sustainability
Our approach to sustainability: Deliver sustained shared value through responsible sustainability practices For personal use only Our Sustainability Vision and Pillars Strong Environmental Manage Climate Create Value for Healthy and Safe Stewardship Change Risk Stakeholders Workforce The Gonneville
Slide 20: Chalice's team has a track record of discovery and large-scale project development
Chalice’s team has a track record of discovery and large-scale project development 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 • Charte
Slide 21: 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 For personal use only 2022 Zara Gold 2020 $100M raised 2006 Project in Eritrea sold for 2016 Major PGE- to progress 2023 NI-Cu-Co- Julimar $7.5M raised in ~US$114M Gonneville IPO on
Slide 22: 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 23: 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 24: 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 25: 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 26: 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