Chalice Mining Limited · ASX:CHN
Chalice Mining — Macquarie Australia Conference 2021
30 slides from Chalice Mining's conference presentation, May 4, 2021
Slide 1: Advancing the world class Julimar PGE-Ni-Cu-Co-Au discovery
For personal use only ASX: CHN | OTCQB: CGMLF Advancing the world class Julimar PGE-Ni-Cu-Co-Au discovery Macquarie Australia Conference 4-6 May 2021
Slide 2: Forward looking statements and competent person disclosure
Forward looking statements and competent person disclosure For personal use only This presentation does not include all available Information on Chalice Mining Limited and should not be used in isolation as a guide Competent Person and Qualifying Persons Statement to investing in the Company. Any po
Slide 3: A unique exploration specialist with a globally significant discovery
A unique exploration Julimar – a new high-grade PGE-Ni-Cu-Co-Au specialist with a globally discovery in WA significant discovery • Australia’s first major palladium discovery For personal use only • Emerging as a very large, strategic deposit of critical, ‘green metals’ in a world-class jurisdiction
Slide 4: Julimar is a 'green metals' discovery
Julimar is a ‘green metals’ discovery – metals which are needed to decarbonise the global economy and address climate change For personal use only Palladium Nickel Copper Platinum Used to remove nitrogen The key battery cathode Used extensively in the green Highly effective catalyst in oxides from e
Slide 5: 2020 + 2021 – A transformational period
2020 + 2021 – A TRANSFORMATIONAL PERIOD Chalice has been one of the top performing companies in the ASX All Ordinaries with >4,000% TSR since the Julimar discovery For personal use only CHN Share Price Chart (A$/share) $100M State $15M SPP and 11th Inclusion in placement Forest high-grade zone S&P/A
Slide 6: Julimar Nickel-Copper-PGE Project, Western Australia
Julimar Nickel- Copper-PGE Project For personal use only Western Australia 6 JD006 core specimen at Julimar Ni-Cu-PGE Project, Jun-2020
Slide 7: High-grade PGE-Ni-Cu-Co intersected in the very first drill hole at Julimar
High-grade PGE-Ni-Cu-Co was intersected in the very first drill hole at Julimar – a remarkable new discovery in a new mineral province For personal use only • Project staked in early 2018 (100% owned) • First drill hole in March 2020 intersected 25m @ 8.5g/t Pd, 0.9g/t Pt, 0.1g/t Au, 2.0% Ni, 0.9% C
Slide 8: Gonneville is an exceptional PGE-nickel-copper-cobalt-gold discovery
Gonneville is an exceptional PGE-nickel-copper-cobalt-gold discovery which is emerging as a world-class deposit For personal use only • ~1.8km x >0.9km intrusion, open to the north, hosting: • Eleven shallow high-grade PGE-Ni- Cu-Co+/-Au zones (G1-G11, using >1g/t Pd cut-off) – all remain open • >22
Slide 9: The eleven high-grade zones have significant strike length
The eleven high-grade zones have significant strike length and extend from ~25m to ~550m below surface thus far (zones remain open) For personal use only 3D view looking north-west over the Gonneville Intrusion (grey) Max zone dimensions Strike Dip Zone extent extent G1 450m 390m G2 690m 490m G3 465
Slide 10: The high-grade zones are Pd rich with variable Ni-Cu-Co-Pt-Au
The high-grade zones are Pd rich with variable Ni-Cu-Co-Pt-Au and in some places are up to ~40m thick For personal use only 3D view looking north-east over the Gonneville Intrusion (grey) >650 high-grade intersections to date (>1g/t Pd cut-off), including: • 25m @ 8.5g/t Pd, 0.9g/t Pt, 0.1g/t Au, 2.
Slide 11: Gonneville represents only the southern tip of the ~26km Julimar Complex
Gonneville represents only the southern tip of the ~26km long Julimar Complex – drilling further north to commence in Q3 2021 For personal use only Julimar Complex Airborne EM (channel 15) Sept 2020 Gonneville-Hartog copper-in-soil geochemistry Gonneville-Hartog nickel-in-soil geochemistry Mar 2021
Slide 12: Preliminary met testwork shows high Pd-Ni-Cu recoveries
Preliminary met testwork shows high Pd-Ni-Cu recoveries into two commercially attractive concentrates using conventional flotation For personal use only Locked-cycle testwork results on G1-G2 composite (head grade 3.7g/t Pd, 0.7g/t Pt, 0.15g/t Au, 0.63% Ni, 0.36% Cu, 0.04% Co), cycle no. 5 Copper-PG
Slide 13: Accelerated resource drilling and preliminary economic studies underway
Accelerated resource drilling and preliminary economic studies underway – aiming to define a maiden Mineral Resource in late Q3 2021 For personal use only 2021 Q1 Q2 Q3 Q4 Julimar State Forest Reconnaissance Ground EM, gravity and soil sampling exploration Environmental Stage 2 CMP1 assessment Acces
Slide 14: Julimar Project potential to deliver jobs, skills and economic diversification
The Julimar Project has the potential to deliver significant jobs, skills and economic diversification to the Wheatbelt region of WA For personal use only Environment • Numerous case studies of successful mining projects in or around State Forest areas in WA (Boddington, Alcoa WA, Worsley, Greenbush
Slide 15: 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 discoveries For personal use only N Narryer Narryer • The ‘giant’ orthomagmatic Ni-Cu-PGE sulphide Terrane deposits, such as Norilsk, Jinchuan, the Thompson Belt and Voisey’s Bay, are locat
Slide 16: Investment highlights
Investment highlights For personal use only Our PGE-Ni-Cu-Co-Au discovery at Julimar in WA is 1 emerging as a very large, strategic deposit of critical, ‘green metals’ The portfolio has significant exploration upside from the 2 untested ~24km of the Julimar Complex and within the new West Yilgarn Ni
Slide 17: The Chalice Story – Appendix
The Chalice Story For personal use only Appendix 17
Slide 18: Corporate Snapshot
Corporate Snapshot For personal use only Top Shareholders1 Capital Structure and Financials Tim Goyder (Chairman) Equity listings Founder in 2006 Shares out. 345.8M2 Market capitalisation 11% ASX: CHN Shares (F/D) 359.9M2 ~A$2.3B (@ A$6.90ps) OTCQB: CGMLF 48% Debt Cash2 Cash & Investments2 nil ~A$12
Slide 19: Company History
COMPANY HISTORY Since our 2006 IPO, we have acquired quality assets, advanced projects quickly and generated >A$110M in after-tax proceeds1 from asset sales For personal use only 2012 2020 Zara Gold Project in Major PGE-NI- Eritrea sold for Cu-Co-Au 2006 2016 ~US$114M (pre-tax) discovery at $7.5M ra
Slide 20: Portfolio
PORTFOLIO Chalice’s portfolio includes the exciting Julimar discovery in the new West Yilgarn Ni-Cu-PGE Province in WA + a pipeline of generative opportunities For personal use only Julimar Nickel-Copper-PGE Project, WA • New greenfield PGE-Ni-Cu-Co sulphide discovery in Mar-2020 1 • 19m @ 8.4g/t Pd
Slide 21: The Team
THE TEAM We are a dynamic and entrepreneurial group with a mix of technical and commercial expertise For personal use only Board of Directors Key Management Tim Goyder, Chairman Richard Hacker, CFO • 40+ year industry veteran with track record of success as an • Chartered Accountant with 20+ years e
Slide 22: 2021 Outlook
2021 OUTLOOK We are on track to define a maiden resource at Julimar, continue to build trust with our key stakeholders and leverage our discovery For personal use only Define a maiden JORC Mineral Resource Estimate and outline the potential for a commercially viable mining operation for the Gonnevil
Slide 23: Palladium Market
PALLADIUM MARKET The palladium price has surged with the introduction of China 5/6 emissions standards and the switch from Pt to Pd based catalytic converters For personal use only 23
Slide 24: Pyramid Hill Gold Project, Victoria
Pyramid Hill Gold Project For personal use only Victoria Drilling at Pyramid Hill Gold Project, Oct-2019 24
Slide 25: Why gold in Victoria? The prospect of finding another Fosterville
Why gold in Victoria? The prospect of finding another Fosterville Gold Mine For personal use only Northern Bendigo Zone (32Moz undiscovered gold endowment) N >60Moz Au produced since 1850’s from outcropping 50km South Bendigo Zone, at a avg grade of ~15g/t Au 90% of mines had a recovered grade >8.5g
Slide 26: Systematic value-add approach across >5,000km2 land holding
Chalice has adopted a systematic value-add approach across its >5,000km2 land holding – ‘find the big gold systems first’ For personal use only • Our Project covers hundreds of kilometres of prospective strike: • Muckleford (>300km) • Mt William (>75km) • Percydale (>40km) • Prior to Chalice most of
Slide 27: Hawkstone Nickel-Copper-Cobalt Project, Western Australia
Hawkstone Nickel-Copper- Cobalt Project For personal use only Western Australia 2727 Hawkstone field reconnaissance, Jun-2019
Slide 28: Hawkstone covers 1,800km2 in the frontier King Leopold Orogen
The Hawkstone Nickel-Copper-Cobalt Project covers 1,800km2 in the frontier and largely unexplored King Leopold Orogen of the west Kimberley For personal use only 600,000mE 700,000mE 800,000mE • Frontier province highly prospective for 8,200,000mN 50km magmatic Ni-Cu-Co sulphide deposits N • Minimal
Slide 29: Immediate focus is the Ruins Area with nickel sulphide targets
Chalice’s immediate focus is the Ruins Area, where several nickel sulphide targets have already been defined For personal use only • Merlin (IGO-Buxton) hosts drill intercepts in Ruins Dolerite with grades up to 8.14% Ni, 5.26% Cu and 0.69% Co1 Merlin (IGO-Buxton) Several high- • 11 airborne EM targ
Slide 30: Connect with Chalice
For personal use only ASX: CHN | OTCQB: CGMLF Level 2, 1292 Hay Street CONNECT WITH CHALICE West Perth WA 6005, Australia +61 8 9322 3960 @chalicemining +61 8 9322 5800 info@chalicemining.com chalice-mining www.chalicemining.com