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 Precious Metals Summit 2021 8-11 September 2021
Slide 2: Forward looking statements and competent person(s) disclosure
Forward looking statements and competent person(s) disclosure This presentation does not include all available Information on Chalice Mining Limited and should not be used in isolation as a guide to • Accept no responsibility for any errors or omissions from this Presentation. For personal use only
Slide 3: A unique exploration specialist with a globally significant discovery
A unique exploration specialist with a globally • Australia’s first major palladium discovery For personal use only significant discovery • Emerging as a world-class, strategic deposit of critical, ‘green metals’ in a world-class jurisdiction • Highly leveraged to battery (Ni-Cu-Co) and hydrogen (PG
Slide 4: Julimar is a 'green metals' discovery
Julimar is a ‘green metals’ discovery For personal use only Highly versatile but rare metal used to The key battery cathode material in remove nitrogen oxides (NOx) from EVs, high nickel NMC 811 batteries are exhausts / hydrogen / ammonia the favoured chemistry streams. NOx are 300x more potent than
Slide 5: The palladium price has surged with China 5/6 emissions standards
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 • Palladium is a very versatile but rare metal • Demand currently dominated by ICE catalytic converters • Tightening emissions standards
Slide 6: Chalice has been a standout performer, >4,000% TSR since Julimar discovery
Chalice has been one of the standout performers in the sector, with a >4,000% TSR since the Julimar discovery For personal use only Inclusion in 10.00 S&P/ASX200 9.00 Large EM-soil anomalies at Hartog 8.00 7.00 Inclusion in S&P/ASX300 $115M placement & 6.00 $30M placement SPP at $3.75 at $1.05 5.00
Slide 7: Julimar Nickel–Copper-PGE Project, Western Australia
For personal use only Julimar Nickel – Copper-PGE Project Western Australia
Slide 8: 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 • Greenfield 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%
Slide 9: 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 Numerous case studies of successful mining projects in or around State Forest areas Environment • in WA (Boddington, Alcoa WA, Worsley, Greenbush
Slide 10: Gonneville is the first discovery along a >26km long intrusive complex
The exceptional Gonneville PGE-nickel-copper-cobalt-gold discovery is just the first along a >26km long intrusive complex For personal use only WA Julimar Complex • Interpreted >26km long mafic- ultramafic intrusive complex Baudin, Jansz & Torres Targets (untested) • Large AEM and Ni-Cu soil anomali
Slide 11: Gonneville is emerging as a world class, strategic deposit of critical metals
Gonneville is emerging as a world class, strategic deposit of critical metals, with a range of PGE-Ni-Cu-Co-Au mineralisation styles For personal use only • >1.8km x 0.9km x >0.8km intrusion, open to the north and at depth, hosting: • 12 shallow high-grade PGE- Ni-Cu-Co+/-Au zones (G1- G12, using >1
Slide 12: High-grade zones have significant strike length and extend to ~500m depth
The 12 high-grade zones have significant strike length and extend from ~25m to ~500m below surface thus far For personal use only 3D view looking north-west over the Gonneville Intrusion (grey) Max zone dimensions Strike Dip Zone extent extent G1 450m 280m G2 800m 500m G3 465m 280m G4 1250m 650m G5
Slide 13: Gonneville Intrusion and high-grade zones remain open
The >1.8km x 0.9km x >0.8km Gonneville Intrusion and 10 of the high-grade zones within it remain open 3D view looking ENE over Gonneville (purple) 3D view looking NNE over Gonneville (purple) For personal use only State Forest boundary (no drilling to north) State Forest boundary (no drilling to nor
Slide 14: Hartog Target is the highest priority within the Julimar Complex
Immediately north of Gonneville, the Hartog Target is the highest priority within the >26km long Julimar Complex – drilling targeted in late Q3 2021 For personal use only Hartog • ~6.5km long gravity- AEM anomaly • ~30 ground EM conductors and multi- kilometre scale Ni-Cu soil anomalies, comparable
Slide 15: 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 16: Accelerated resource drilling and preliminary studies underway
Accelerated resource drilling and preliminary studies underway – aiming to define a maiden Mineral Resource in early Q4 2021 For personal use only 2021 Q1 Q2 Q3 Q4 Julimar State Forest Reconnaissance Ground EM, gravity and soil sampling Infill ground EM and soil sampling exploration Environmental St
Slide 17: Julimar 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 Narryer Terrane • Many of the ‘giant’ Ni-Cu-PGE sulphide deposits Narryer such as Norilsk, Jinchuan, Thompson and Voisey’s Bay are located proximal to the
Slide 18: Investment highlights
Investment highlights For personal use only Our PGE-Ni-Cu-Co-Au discovery at Julimar is emerging as a world class, strategic deposit of critical, ‘green metals’ in Western Australia 1 Significant exploration upside from the untested ~24km of Julimar Complex and our dominant position within the new W
Slide 19: For personal use only
For personal use only ABN 47 1 16 648 956 Level 2, 1292 Hay Street West Perth WA 6005, Australia +61 8 9322 3960 info@chalicemining.com www.chalicemining.com chalice-mining @ChaliceMining
Slide 20: Interactive 3D Model of Julimar
Interactive 3D Model: Take a 3D tour of our globally significant PGE-Ni-Cu- Co-Au discovery at the Julimar Project, Western Australia For personal use only Click here to explore Julimar in 3D 20
Slide 21: The Chalice Story Appendix
For personal use only The Chalice Story Appendix
Slide 22: Corporate Snapshot
Corporate Snapshot For personal use only Top Shareholders1 Capital Structure and Financials Tim Goyder (Chairman) Founder in 2006 Equity listings 11% Shares out. 352.9M Market capitalisation ASX: CHN Shares (F/D) 361M ~A$2.5Bn (@ A$7.00ps) OTCQB: CGMLF 45% Retail & HNWI Debt Cash2 Cash & Investments
Slide 23: 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 ~US$114M (pre-tax) 2016 discovery at $7.5M ra
Slide 24: 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 • 25m @ 8.5g/t Pd
Slide 25: The Team
THE TEAM 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 experience in junior For personal use only investor, entrepreneur and company director company financing, corporate
Slide 26: 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 27: Pyramid Hill Gold Project, Victoria
For personal use only Pyramid Hill Gold Project Victoria
Slide 28: 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 29: 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 • Project covers hundreds of kilometres of prospective strike, along crustal scale faults that host multiple tier-1 gold deposits • Prior to Chalice most of
Slide 30: High-grade gold zones intersected at the Karri Prospect
Several high-grade gold zones have been intersected on wide-spaced drill holes at the Karri Prospect, including 5.1m @ 14g/t Au For personal use only 30
Slide 31: Three gold bearing diorite intrusions discovered at Ironbark Prospect
Three gold bearing diorite intrusions have been discovered at the Ironbark Prospect, prospective for high-grade Walhalla-Woods Point style deposits For personal use only Campbelltown Fault 766,000 mE (approx. position) 764,000 mE Karri N ~22km 20m @ 0.64g/t f. 104m incl. 8m @ 1.39g/t Ironbark North
Slide 32: Hawkstone Nickel-Copper-Cobalt Project, Western Australia
For personal use only Hawkstone Nickel- Copper-Cobalt Project Western Australia
Slide 33: Hawkstone Project covers ~1,600km2 in the King Leopold Orogen
The Hawkstone Nickel-Copper-Cobalt Project covers ~1,600km2 in the frontier and largely unexplored King Leopold Orogen of the west Kimberley For personal use only • Frontier province highly prospective for 600,000mE 700,000mE 800,000mE 8,200,000mN 50km magmatic Ni-Cu-Co sulphide deposits N • Minimal
Slide 34: Immediate focus is the Ruins Area 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 • 11 airborne EM targets defined by Merlin (IGO-Buxton)