Slide 1: Western Australia's new nickel-copper-PGE frontier
For personal use only Western Australia’s new nickel-copper-PGE frontier Gonneville Project – Investor and Analyst Site Tour 2 AUGUST 2023 ASX:CHN
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 of planned metallurgical test work including results from other zones not tested Investors should note that it is a requirement of the ASX listing rules that th
Slide 3: 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 Our purpose – to find the metals Our aspiration – to create a world For personal use only AU S T R AL I A needed to decarbonise the world class, multi-district green metals (the green metals
Slide 4: Company Overview
Company Overview Corporate snapshot – ASX:CHN Top Shareholders3 For personal use only Our Achievements Tim Goyder (Founder) 9% • ~3,700% total return to shareholders since Market Capitalisation1 Goldman Sachs 11% Gonneville discovery in March 2020 ~A$2.3Bn BlackRock Shares on issue 5% • World class
Slide 5: The Gonneville Ni-Cu-PGE Project – advancing a new world class green metals resource
The Gonneville Ni-Cu-PGE Project – advancing a new world class green metals resource in Western Australia towards development A tier-1 scale magmatic sulphide Resource: For personal use only 560Mt @ ~0.54% NiEq or ~1.7g/t PdEq1 (~55% M&I / ~45% Inferred) 16Moz 3E2 860kt Ni 520kt Cu 83kt Co contained
Slide 6: 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)3 and one of the few recent large-scale magm
Slide 7: 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 the green metals at Gonneville 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 me
Slide 8: 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 – 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 shallow ‘e
Slide 9: 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 3D view (looking ENE) of Gonneville Resource domains and pit shell 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)
Slide 10: Gonneville has the second largest undeveloped nickel sulphide resource in Australia
Gonneville 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, Gonneville has a 1,000 contained nickel equivalent of ~3,000 kt Contained Nickel (kt)
Slide 11: 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 on farmland 3D view (looking SSW) of Gonneville Intrusion, >0.8% NiEq Resource blocks and drilling For personal use only • The 500-600m thick Goneville Intrusion is interpreted to ext
Slide 12: The grade-tonnage curve highlights Gonneville's development optionality
The grade-tonnage curve highlights Gonneville’s significant development optionality and leverage to commodity prices only 800 1.7 1.8 1.6 1.6 677 1.5 1.6 700 646 1.5 1.4 592 1.3 1.4 Mass above cut-offuse 600 1.3 1.2 Average grade (% NiEq) (Mt) 500 1.1 1.2 500 1.0 0.9 0.9 1.0 For personal 400 381 0.8
Slide 13: The processing flowsheet targets a Cu-PGE-Au concentrate and Ni-Co MHP
The processing flowsheet envisaged is 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 • >300 batch sulphide
Slide 14: Chalice is committed to strong environmental stewardship
Chalice is committed to strong environmental stewardship and has a unique opportunity at Gonneville to demonstrate this For personal use only Leading practice low-impact exploration • Exploration in Forest strictly governed by a Gonneville Project Biodiversity Goal Conservation Management Plan, To e
Slide 15: Gonneville has potential to deliver significant benefits for the local community
The Gonneville Project has the potential to deliver significant benefits for the local community and wider region For personal use only Chalice has engaged early, actively and Chalice is committed to achieving lasting Gonneville could deliver significant jobs, skills transparently to build respectfu
Slide 16: Chalice is building collaborative relationships with Whadjuk and Yued Traditional Owners
Chalice is building collaborative relationships with Whadjuk and Yued Traditional Owners Actively engaging to protect cultural heritage values For personal use only Our Commitment to Whadjuk Collaboration with Yued Heritage Agreements South-West and Yued Traditional Owners and Whadjuk Settlement Agr
Slide 17: The current Resource occupies just ~2km of the >30km long Julimar Complex
The current Resource occupies just ~2km of the >30km long Julimar Complex – Gonneville is a province opening play 3D view (looking NW) of the Julimar Complex, Gonneville Deposit, regional targets, soil geochemistry over magnetics For personal use only State Forest Flinders Target (untested) • Large
Slide 18: Recent deeper drilling at Hooley indicates thickening and higher grades
Recent deeper drilling at Hooley indicates a thickening of the Complex and higher grades at depth – further drilling planned from late Q3 2023 South Julimar Complex 3D View (looking ENE) – drill holes and Julimar Complex intrusive geology For personal use only 18
Slide 19: Many major orthomagmatic systems grow materially throughout their life
Many major orthomagmatic systems worldwide grow materially throughout their life with drilling and commodity price escalation For personal use only • After 130+ years of mining, Sudbury still has a significant Cumulative production (~12Mt) nickel resource remaining Merge green areas • Cumulative pro
Slide 20: Regional drilling, Scoping Study and strategic partnering represent key catalysts
Regional exploration drilling, the upcoming Gonneville Scoping Study and ongoing strategic partnering process represent key catalysts Chalice’s multi-track value creation strategy at the Gonneville Project is to advance development studies and progress regulatory For personal use only approvals for
Slide 21: The Gonneville discovery has kick-started the West Yilgarn Ni-Cu-PGE Province
The Gonneville 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 sulphide For personal use only Narryer Burtville deposits such as Norilsk, Jinchuan, Thompson and Vois
Slide 22: Highlights
Highlights For personal use only A world class, tier-1 scale A team with a track Significant exploration green metals project in record of discovery and upside at Gonneville and Western Australia – a shareholder value in the new West Yilgarn unique, highly leveraged creation Ni-Cu-PGE Province commo
Slide 23: Appendix
For personal use only Appendix
Slide 24: 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 For personal use only • Highly regarded ASX200 chair and company director with 30+ years experience as a • Chartered Accountant with 20+ years e
Slide 25: 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 Project in Eritrea 2020 $100M raised to 2006 sold for 2016 Major PGE- progress Julimar studies $7.5M raised in ~US$114M NI-Cu-Co-Au IPO on ASX to
Slide 26: The growing battery industry needs new, large scale and sustainable sources of nickel
The growing battery industry needs new, large scale and sustainable sources of battery-grade nickel – a unique opportunity for Gonneville Battery-grade nickel consumers forecast to Estimated average carbon intensity of nickel sources For personal use only become heavily reliant on supply sources tha
Slide 27: 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 28: 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 29: Higher-grade sulphide component of Gonneville Resource, 28 March 2023
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 (Mt) Pd (g/t) Pt (g/t) Au Ni (%) Cu (%) Co NiEq PdEq Pd Pt Au Ni (kt) Cu (kt) Co (kt) NiEq PdEq (g/t) (%) (g/t) (Moz) (Moz) (M
Slide 30: 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 31: Australian Primary Nickel Sulphide Resources (31 Jul 2023)
Australian Primary Nickel Sulphide Resources (31 Jul 2023) Australian Primary Nickel Sulphide Resources (28 Total Measured (Meas.), Indicated (Ind.) and Inferred (Inf.) resources Meas. Ind. Inf. Mar 2023) For personal use only Tonnage Nickel Copper Cobalt Gold Platinum Palladium Silver Tonnage Tonna
Slide 32: 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