Chalice Mining Limited · ASX:CHN
Chalice Mining — Investor Presentation (July 2022)
32 slides from Chalice Mining's investor presentation, Jul 8, 2022
Slide 1: Julimar – the start of a new Ni-Cu-PGE province in Western Australia
For personal use only ASX: CHN | OTCQB: CGMLF Julimar – the start of a new Ni-Cu-PGE province in Western Australia Corporate Presentation 8 July 2022
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 Disclaimer isolation as a guide to investing in the Company. Any potential investor should also refer to Chalice Mining Whils
Slide 3: A globally recognised name in exploration
For personal use only A globally recognised name in exploration – a team with a track record of finding mines and rewarding shareholders High-performance, results driven culture (mine finding + commercial DNA) Our purpose – to find the metals needed to decarbonise the world Our aspiration – to creat
Slide 4: Corporate Snapshot, Capital Structure and Financials
Corporate Snapshot Capital Structure and Financials Equity listings Shares out. 376M Market capitalisation ASX: CHN Shares (F/D) 378M ~A$1.5Bn (@ A$4.00 ps)3 OTCQB: CGMLF For personal use only Top Shareholders1 Tim Goyder Debt Cash2 Cash & Investments2 Founder in 2006 nil ~A$141M ~A$147M 10% ASX:CHN
Slide 5: Julimar investment highlights: 11Moz 3E resource and critical minerals
For personal use only 11Moz 3E2 560kt Ni 360kt Cu 54kt Co A strategic, large-scale Green metals at Julimar are Resource with rare mix of essential for decarbonisation critical minerals in sulphide technologies like batteries, mineralogy electric vehicles and hydrogen Strategy to evaluate a 100% owne
Slide 6: Gonneville is a rare tier-1 scale, near-surface Resource
Gonneville is a rare tier-1 scale, near-surface Resource with high-grade optionality and compelling growth potential For personal use only Updated Indicated and Inferred Mineral Resource Estimate1: • 350Mt @ 0.96g/t Pd+Pt+Au (3E), 0.16% Ni, 0.10% Cu, 0.015% Co (~0.58% NiEq or ~1.8g/t PdEq) • 11Moz 3
Slide 7: The Resource includes a significant higher-grade sulphide component
The Resource includes a significant higher-grade sulphide component, starting from a depth of ~30m For personal use only Higher-grade sulphide component of Resource1: • 82Mt @ 1.7g/t 3E, 0.21% Ni, 0.20% Cu, 0.020% Co (~1.0% NiEq or ~2.9g/t PdEq); • 4.5Moz 3E, 180kt Ni, 170kt Cu, 16kt Co (~790kt NiEq
Slide 8: Indicated portion of the Resource increased to ~70%
The Indicated portion of the Resource has been increased significantly to ~70%, with 90% in Indicated category above depth of 250m For personal use only 8
Slide 9: The Deposit remains open along strike to the north and down-dip
The Deposit remains open along strike to the north and down-dip, with ongoing drilling demonstrating potential for material growth For personal use only • The ~550m thick Gonneville Intrusion strikes over ~1.9km and is open to the north • ~800m of high- grade plunge extent is yet to be tested • Step
Slide 10: Met testwork focussed on two processing options
Met testwork for Gonneville has focussed on two processing options – selective Cu/Ni flotation or Cu flotation + Ni enrichment Simplified sequential flotation process for higher-grade sulphide mineralisation For personal use only • Preliminary testwork to date on 15 sulphide composite Rougher & Roug
Slide 11: Gonneville represents just ~2km of the >30km long Julimar Complex
Gonneville represents just ~2km of the >30km long Julimar Complex – the upside to the north has the potential transform the project For personal use only State Forest Flinders Target (untested) WA Area • Large coincident Mag-AEM anomaly • Access pending Baudin Target (untested) • Large AEM and Ni-Cu
Slide 12: New mineralised zone intersected in initial test of the Dampier Target
New mineralised zone intersected in initial test of the Dampier Target, with early similarities to Gonneville For personal use only • New 15-80m wide mineralised sulphide zone intersected in 3 initial holes at Dampier Target (10km NE of Gonneville) • Ultramafic-mafic intrusive rocks and sulphide ass
Slide 13: Multiple targets along strike now prioritised for immediate drilling
The early results have confirmed the prospectivity of the Julimar Complex, with multiple targets along strike now prioritised for immediate drilling For personal use only • 4 rigs drilling on high-priority targets within the ~10km long Hartog-Dampier area: • 2 rigs to continue step-out drilling at n
Slide 14: Initial drilling and Gonneville Scoping Study represent upcoming milestones
Initial drilling along the Julimar Complex and Gonneville Scoping Study represent significant upcoming milestones For personal use only Chalice has consistently delivered since the Julimar We are rapidly advancing Gonneville towards discovery in early 2020 mine development… Julimar Significant Maide
Slide 15: Committed to strong environmental stewardship
The Julimar Project has the potential to deliver significant economic benefits and Chalice is committed to strong environmental stewardship use only Strong environmental stewardship: Exploring in the Julimar State Forest under a Conservation Management • Comprehensive program of baseline Plan using
Slide 16: Julimar discovery 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 Burtville • Many of the ‘giant’ ortho-magmatic nickel-copper-PGE Terrane sulphide deposits such as Norilsk, Jinchuan, Thompson and Narryer Voisey’s
Slide 17: New world class, strategic, 'green metals' Resource in Western Australia
For personal use only New world class, strategic, ‘green metals’ Resource in Western Australia Significant exploration upside at Julimar and in the new West Yilgarn Ni-Cu-PGE Province High performance, well funded team with an excellent track record 17
Slide 18: Appendix
For personal use only Appendix
Slide 19: Julimar is capturing attention as a strategic asset
Julimar is capturing attention as a strategic asset for Australia and the western world, given its rare palladium-nickel-cobalt content For personal use only Julimar is the first major PGE discovery in Global Palladium Primary Supply Market Share 2022 Australia and one of the few recent large-scale
Slide 20: 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 For personal use only Production Transport and Storage Utilisation Green hydrogen produced by electrolysis of Long-term storage and transport of green Green hyd
Slide 21: Hydrogen economy has potential to underpin long term PGE demand
The rapidly growing and increasingly adopted hydrogen economy has the potential to underpin long term PGE demand For personal use only Current primary supply of Pt and Pd is ~16Moz Estimated Annual Pt and Pd Demand from Hydrogen (Moz) p.a. Pd is in prolonged deficit while Pt in surplus Electrolysers
Slide 22: Battery manufacturers are searching for sustainable sources of nickel
Battery manufacturers are searching for reliable, sustainable sources of battery-grade nickel – a unique opportunity for Julimar For personal use only Battery-grade nickel consumers forecast to Estimated avg carbon intensity of nickel sources (kgCO2 eq. per kg Ni) become heavily reliant on supply so
Slide 23: Chalice is actively growing its organisational capability
Chalice is actively growing its organisational capability Board of Directors Management Richard Hacker, CFO For personal use only Derek La Ferla, Chairman • Chartered Accountant with 20+ years experience in junior company • Highly regarded ASX200 chair and company director with 30+ years financing,
Slide 24: Chalice is building a world-class 'green metals' portfolio in Australia
Chalice is building a world-class ‘green metals’ portfolio in Australia For personal use only Platinum and Palladium Rare metals used in catalytic converters – a pollution control device which is in every petrol, diesel or hybrid vehicle. Palladium reduces greenhouse gas emissions from exhaust strea
Slide 25: Since our 2006 IPO, we have acquired quality assets and generated returns
Since our 2006 IPO, we have acquired quality assets, advanced projects quickly and generated exceptional returns For personal use only 2012 2020 Zara Gold Major PGE- Project in Eritrea 2022 NI-Cu-Co-Au 2006 sold for $100M 2016 discovery at $7.5M raised ~US$114M raised to Cameron Julimar in IPO on AS
Slide 26: Interactive 3D Model & Video: Take a tour of Julimar
Interactive 3D Model & Video: Take a tour of our globally significant Julimar Ni-Cu-PGE Project in Western Australia For personal use only https://inventum3d.com/c/chalicemining https://youtu.be/2oq3Y4Dfu4g 26
Slide 27: Gonneville Mineral Resource Estimate (JORC Code 2012), July 2022
Gonneville Mineral Resource Estimate (JORC Code 2012), 8 July 2022 For personal use only Cut-off Domain Category Mass Grade Contained Metal Grade Pd Pt Au NiEq PdEq Pd Au Cu PdEq (Mt) (g/t) (g/t) (g/t) Ni (%) Cu (%) Co (%) (%) (g/t) (Moz) Pt (Moz) (Moz) Ni (kt) (kt) Co (kt) NiEq (kt) (Moz) Indicated
Slide 28: Higher-grade sulphide component of Gonneville Resource
Higher-grade sulphide component of Gonneville Resource (in pit and underground), 8 July 2022 For personal use only Cut-off Domain Category Mass Grade Contained Metal Grade Pd Au Co NiEq PdEq Pd Pt Au Ni Cu Co NiEq PdEq (Mt) Pt (g/t) Ni (%) Cu (%) (g/t) (g/t) (%) (%) (g/t) (Moz) (Moz) (Moz) (kt) (kt)
Slide 29: Flat grade-tonnage curve highlights the higher-grade component
Flat grade-tonnage curve highlights the significant higher-grade component – providing the project with development optionality For personal use only 550 2.5 499 500 450 435 1.9 1.9 2.0 1.8 1.8 400 1.7 1.7 1.6 1.6 350 339 1.5 1.4 Grade (NiEq %) 1.4 1.5 1.3 300 1.3 1.2 1.1 Mass (Mt) 250 235 1.0 1.0 0
Slide 30: Metal equivalent assumptions of Gonneville Resource, July 2022
Metal equivalent assumptions of Gonneville Resource, 8 July 2022 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, cop
Slide 31: Long term PGE demand forecast: supporting assumptions & calculations
Long term PGE demand forecast: supporting assumptions & calculations For personal use only The long term PGE demand impact from the Hydrogen economy have been generated by Company analysis using assumptions and forecasts that have been informed by recent third party research. The assumptions used be
Slide 32: For personal use only
For personal use only ABN 47 1 16 648 956 Sign up to receive our Level 3, 46 Colin Street latest news by scanning the West Perth WA 6005, Australia QR Code or visit our website +61 8 9322 3960 info@chalicemining.com www.chalicemining.com chalice-mining @ChaliceMining