Chalice Mining Limited · ASX:CHN
Chalice Mining — Shareholder Meeting (November 2025)
27 slides from Chalice Mining's shareholder meeting presentation, Nov 20, 2025
Slide 1: AGM - Chair's Address and Managing Director's Presentation
ASX Announcement 20 November 2025 AGM - Chair’s Address and Managing Director’s Presentation Chalice Mining Limited (“Chalice” or “the Company”, ASX: CHN) is pleased to provide, in accordance with Listing Rule 3.13.3, the Chair’s Address and the Managing Director and Chief Executive Officer’s Presen
Slide 2: Chair's Address – 2025 Annual General Meeting
ASX Announcement 20 November 2025 Chair’s Address – 2025 Annual General Meeting My name is Derek La Ferla, Chair of Chalice Mining, and on behalf of the Board and the entire Chalice team, I extend a very warm welcome to our 2025 Annual General Meeting. I begin by acknowledging the Whadjuk/Noongar Pe
Slide 3: Gonneville Project
Gonneville Project Our 100%-owned Project is one of the largest undeveloped sources of these critical and strategic metals in the western world. It is uniquely positioned to become a major new producer of palladium, nickel, and copper, with valuable by-products from platinum, cobalt and gold. With R
Slide 4: Exploration and Outlook
We have had a particular focus on gold and copper targets within the Barrabarra Project, where we see large areas of untested and prospective greenstone belt. We have also continued to screen and rationalise our land position, to continue to narrow the search space and focus on the right opportuniti
Slide 5: Developing the leading Palladium-Nickel-Copper Project in the Western World
For personal use only Developing the leading Palladium-Nickel-Copper Project in the Western World Annual General Meeting 2025 ASX:CHN
Slide 6: Chalice Mining is a leading critical minerals explorer and developer
Chalice Mining is a leading critical minerals explorer and developer in the world’s top mining Jurisdiction – Western Australia Our Asset For personal use only Gonneville is the largest palladium-nickel-copper resource in the Western world, a 17Moz 3E PGM, 960kt Ni, 540kt Cu, and 96kt Co open-pit pr
Slide 7: Board of Directors and Executive Management
Board of Directors and Executive Management Board of Directors Key Management Derek La Ferla, Non-Executive Chair Chris MacKinnon, Chief Financial Officer For personal use only • Highly regarded ASX200 chair and company director with • Qualified accountant and lawyer with 15+ years experience of 30+
Slide 8: Strong financial position and stable, highly institutional shareholder base
Chalice has a uniquely strong financial position and a stable, highly institutional shareholder base Tim Goyder ASX:CHN 12-month performance (A$/share) For personal use only Paradice 6% 3.00 6% 2.50 Share 2.00 50% Register 38% 1.50 1.00 Retail/Other Other Institutional 0.50 Capital Structure 0.00 Sh
Slide 9: Gonneville took major steps forward in FY25
Gonneville took major steps forward in FY25 with completion of the Pre- Feasibility Study now imminent . For personal use only 01 02 03 Major metallurgical breakthrough Aus and WA Government recognition Project development scope finalised • Two saleable, smelter-grade • Commonwealth government award
Slide 10: Why palladium? Price recovering with surging demand from hybrids
Why palladium? Price is recovering strongly with surging demand from hybrids and an extremely limited pipeline of new supply For personal use only Underestimated Unstable and geopolitically Long-term capital Prices rebounding but sector auto demand profile risky supply chain under-investment profita
Slide 11: Why palladium? Prices rebounding from cyclical lows
Why palladium? Prices are rebounding from cyclical lows, but are still well below the highs of the previous cycle Palladium spot price (US$/oz, LBMA) For personal use only 3,500 CHN peaks at Norilsk flooding >$10/share 3,000 China 2,500 imports at Auto destocking / ”Diesel-gate” pivot multi-year sho
Slide 12: Gonneville Palladium-Nickel-Copper Project: A Long-Life, Low-Cost Asset
Gonneville Palladium-Nickel-Copper Project: A Long-Life, Low-Cost, Critical Minerals Asset in Western Australia 1 Tier-1 Scale Sulphide Resource 5 Unique Critical Minerals Exposure For personal use only 17Moz of Pd-Pt-Au (3E), 960kt Ni, Revenue split: ~50% Pd, ~20% Ni, 540kt Cu, 96kt Co contained1 ~
Slide 13: The tier-1 scale Resource starts at surface
The tier-1 scale Resource starts at surface and has a significant high- grade core enhancing early years of the mine plan Gonneville Resource Plan View Gonneville Resource 3D View looking NNE For personal use only ~1,200 drill holes for ~320,000m completed since discovery in March 2020 ASX:CHN 99
Slide 14: Major metallurgical breakthrough in early 2025 simplifies the Project
Major metallurgical breakthrough in early 2025 fundamentally simplifies the Project – saleable concentrates across the full grade range Sizing Grinding For personal use only Oxide feed Crushing Grinding Copper Flotation Nickel Flotation Leach Sulphide feed Blend (~4:1 Sulphide : Oxide) Offtake of Cu
Slide 15: Simplifying the flowsheet has materially reduced costs and risk
Simplifying the flowsheet has materially reduced costs and risk, and is expected to enhance margins for a bulk open-pit operation . Item Impact of new process flowsheet Capital costs For personal use only • Significant reduction due to removal of hydrometallurgical process (~A$260M) (pre-production)
Slide 16: Strategic land holding at Gonneville de-risks the Project
Our strategic land holding at Gonneville significantly de-risks the Project, and provides opportunity for restoration and Biodiversity Offsets • Chalice owns ~2,600ha of For personal use only farmland surrounding the Resource, significantly de- risking the Project • All site infrastructure will be a
Slide 17: The Project has been substantially de-risked since discovery in 2020
The Project has been substantially de-risked by Chalice since our discovery in 2020, with an investment of ~$240M to date Drilled out to Indicated category to depth of ~450m, Inferred Resources continue to depth of 1,100m – exceptional Resource orebody knowledge of grade/mineralogy/metallurgy defini
Slide 18: Beyond Gonneville, >40 targets in the West Yilgarn Province
Beyond Gonneville, Chalice has defined >40 Cu-Au-Ag and Ni-Cu-PGE targets in the West Yilgarn Province Why we like it For personal use only • ~1,200km long western margin of the Yilgarn craton largely unexplored, due to lack of outcrop and prevalence of large-scale farming Bangemall • Exciting new s
Slide 19: Two gold-copper target areas remain the priority at Barrabarra
Two gold-copper target areas remain the priority at the ~3,600km2 frontier Barrabarra Project Why we like it • New extensive areas of interpreted greenstone belt geology, For personal use only transected by prominent regional-scale structures – prospective for orogenic gold • Almost entirely unexplo
Slide 20: Chalice Overview
Chalice Overview Chalice owns the leading palladium-nickel-copper For personal use only development project in the western world – one of the standout new, large-scale critical minerals projects in Western Australia Gonneville PFS completion imminent, on a two-stage bulk open-pit development plan wi
Slide 21: Thank you for attending
For personal use only Thank you for attending ASX:CHN
Slide 22: Cautionary statements and competent person(s) disclosure (1/2)
Cautionary statements and competent person(s) disclosure (1/2) Authorisation Forward Looking Statements This Presentation has been authorised for release by the Disclosure Committee. This Presentation may contain forward-looking statements and forward information, (collectively, forward-looking stat
Slide 23: Cautionary statements and competent person(s) disclosure (2/2)
Cautionary statements and competent person(s) disclosure (2/2) Reliance . on Third Party Information The views expressed in this Presentation contain information that has been derived from third party sources that have not been independently verified. No representation or warranty is made as to the
Slide 24: Our approach to sustainability
Our approach to sustainability: Deliver sustained shared value through responsible sustainability practices Our Sustainability Vision and Pillars For personal use only Strong Environmental Manage Climate Create Value for Healthy and Safe Stewardship Change Risk Stakeholders Workforce The Gonneville
Slide 25: The rare Gonneville critical minerals Resource has high-grade optionality
The rare Gonneville critical minerals Resource has high-grade optionality and compelling growth potential . NSR Cut-off in- NSR Cut-off in Total Grade pit MSO Mass For personal use only 3E Pd Pt Au Ni Cu Co A$/t A$/t (Mt) (g/t) (g/t) (g/t) (g/t) (%) (%) (%) 15 110 690 0.75 0.59 0.14 0.02 0.15 0.082
Slide 26: Higher-grade sulphide component of Gonneville Resource
Higher-grade sulphide component of Gonneville Resource (in pit and underground), 23 April 2024 Cut-off NSR Domain Classification Mass Grade Contained metal (A$/t) For personal use only Pt Ni Cu Co Ni Cu (Mt) Pd (g/t) Au (g/t) Pd (Moz) Pt (Moz) Au (Moz) Co (kt) (g/t) (%) (%) (%) (kt) (kt) Measured 0.
Slide 27: Gonneville Mineral Resource Estimate (JORC Code 2012), April 2024
Gonneville Mineral Resource Estimate (JORC Code 2012), 23 April 2024 Cut-off NSR Domain Classification Mass Grade Contained metal (A$/t) For personal use only Pt Au Ni Cu Co Pd Au Ni Cu Co (Mt) Pd (g/t) Pt (Moz) (g/t) (g/t) (%) (%) (%) (Moz) (Moz) (kt) (kt) (kt) Measured - - - - - - - - - - - - - In