Chalice Mining Limited · ASX:CHN
Chalice Mining — BMO Global Metals & Mining Conference 2021
37 slides from Chalice Mining's conference presentation, Mar 1, 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 BMO Global Metals & Mining Conference 1-5 March 2021
Slide 2: Forward looking statements and disclosures
Forward looking statements and disclosures For personal use only This presentation does not include all available Information on Chalice Mining Limited and should not be used in isolation as • “Preliminary results from second target at Julimar Project”, 24 March 2020 a guide to investing in the Comp
Slide 3: Julimar – a new high-grade PGE-Ni-Cu-Co-Au discovery
Julimar – a new high-grade PGE-Ni-Cu-Co-Au A unique exploration discovery in WA specialist with a globally • Australia’s first major palladium discovery For personal use only significant discovery • Emerging as a very large, strategic deposit of critical clean energy metals • Highly leveraged to lar
Slide 4: Chalice's portfolio includes the Julimar discovery plus generative opportunities
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, 2.6% Ni,
Slide 5: Chalice was one of the top performing ASX All Ords companies in 2020
Chalice was one of the top performing companies in the ASX All Ordinaries with ~2,000% TSR in 2020 For personal use only CHN Share Price Chart (A$/share) $100M State $15M SPP and 11th placement Forest high-grade zone at $3.75 access discovered Key properties purchased, approval 6th and 7th high-grad
Slide 6: Tight capital structure, strong financial position and growing institutional register
We have a tight capital structure, a strong financial position and a growing institutional register For personal use only Top Shareholders1 Capital Structure and Financials Tim Goyder (Chairman) Equity listings Founder in 2006 Shares out. 341.8M2 Market capitalisation 11% ASX: CHN Shares (F/D) 359.9
Slide 7: Julimar Nickel-Copper-PGE Project, Western Australia
Julimar Nickel- Copper-PGE Project For personal use only Western Australia 7 JD006 core specimen at Julimar Ni-Cu-PGE Project, Jun-2020
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 completely new province For personal use only • ~70km NE of Perth, with direct access to major highway, rail, power and port infrastructure • ~26km long layered mafic-ultramafic intrusiv
Slide 9: Gonneville is an exceptional PGE-Ni-Cu-Co-Au discovery
Gonneville is an exceptional PGE-nickel-copper-cobalt-gold discovery with the potential to deliver a world-class deposit For personal use only • ~1.6km x >0.8km intrusion, open to the north-west, hosting: • Eleven shallow high-grade PGE-Ni- Cu-Co+/-Au zones defined to date (G1-G11, using >1g/t Pd cu
Slide 10: 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 Maximum dimensions Strike Dip Zone extent extent G1 G2 690m 490m G3 465m 280m G4 1000m 430m G5 450m 270m G6 300m 450m G7 350m 500m G8 350m 250m G9
Slide 11: Internal high-grade zones are Pd-Ni-Cu-Co rich, up to ~40m thick
The internal high-grade zones are Pd-Ni-Cu-Co rich and in some places are up to ~40m thick For personal use only G1(discovery)-G3, G5-G10 zones: • ~3-40m wide • Top of zones ~25m below surface • Pd-Ni-Cu-Co rich • Open along strike and down-dip • 152x high-grade (>1g/t Pd) intersections to date, inc
Slide 12: G4 and G11 zones are Pd-Pt-Cu dominant
The G4 and G11 zones are Pd-Pt-Cu dominant and are generally associated with the eastern footwall contact of the intrusion For personal use only G4 and G11 zones: • ~3-50m wide • Top of zones ~40m below surface • ~1,000m of strike and up to 430m of dip-extent • Open along strike and down-dip • Pd-Pt
Slide 13: Several EM anomalies identified immediately north of Gonneville
Several exciting EM anomalies identified immediately north of Gonneville (as yet undrilled); initial on-ground exploration now underway For personal use only Historical surface sampling over regional magnetics (TMI-RTP) Chalice 2020 Airborne EM (channel 15) May 2020 Sept 2020 N 13
Slide 14: 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 15: Platinum Group Elements – critical, clean energy metals
Platinum Group Elements – critical, clean energy metals For personal use only >70% of PGEs used in automotive catalytic converters (pollution control devices) Palladium based catalytic converters preferred to comply with stricter emissions standards Catalytic Converter Hydrogen Fuel Cell Truck The P
Slide 16: Julimar has 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 • The proximity of Julimar to major communities provides a unique opportunity to build a workforce of local permanent residents (drive in, drive
Slide 17: Accelerated drilling and metallurgical program aiming for maiden Mineral Resource mid 2021
Accelerated drilling and metallurgical testwork program underway – aiming to define a maiden Mineral Resource in mid 2021 For personal use only 2020 2021 Nov Dec Jan Feb Mar Apr May Jun Jul Julimar State Forest Apr- CMP Stage 1 approval (non- Access Approvals 2020 ground disturbing activities)1 CMP
Slide 18: Investment highlights
Investment highlights For personal use only Our PGE-Ni-Cu-Co-Au discovery at Julimar in WA is 1 shaping up to be a world-class deposit of critical, clean energy metals (battery and hydrogen) Significant exploration upside in the new West Yilgarn 2 Ni-Cu-PGE Province, the Pyramid Hill Gold Project in
Slide 19: The Chalice Story – Appendix
The Chalice Story For personal use only Appendix 19
Slide 20: Board of Directors and Key Management
We are a dynamic and entrepreneurial group with a Board of Directors balanced mix of technical and Tim Goyder, Chairman commercial expertise For personal use only • 40+ year industry veteran with track record of success as an investor, entrepreneur and company director • Founder and largest sharehol
Slide 21: 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 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: Portfolio of projects, royalties, investments and JVs
PORTFOLIO Chalice’s portfolio includes district-scale precious and base metal projects as well as several royalties, investments and non-operated JVs For personal use only Australia Hawkstone Warrego North Copper-Gold JV Nickel-Copper- (NT Bullion earning 75%) Cobalt Project Royalties (85-100%) Flin
Slide 24: 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 24
Slide 25: Pyramid Hill Gold Project, Victoria
Pyramid Hill Gold Project For personal use only Victoria Drilling at Pyramid Hill Gold Project, Oct-2019 25
Slide 26: 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 27: Chalice staked a >5,000km2 essentially unexplored land holding
As an early mover, Chalice staked a >5,000km2 essentially unexplored land holding surrounding two world-class gold deposits For personal use only • The success of Fosterville has attracted significant new players into the district: • Chalice positioned itself early and strategically, with a focus on
Slide 28: Gold deposits controlled by regional scale faults continuing into Chalice tenure
The world-class gold deposits are controlled by regional scale faults, which continue to the north into Chalice’s tenure → follow the strike For personal use only NSW VIC Northern Four Eagles Bendigo Zone Tandarra Extension of these regional scale faults Fosterville ~9Moz Karri under cover evident M
Slide 29: Dispersion of gold and pathfinder metals used to vector to gold under cover
Dispersion of gold and pathfinder metals such as arsenic and antimony is used to vector towards gold under cover For personal use only Dispersion footprints of major gold deposits in Vic Our shallow, wide-spaced air- core drilling approach Arsenic (we are close) ~9 Drill Line 1 3-5km Antimony (getti
Slide 30: Systematic approach – 'find the big gold systems first'
Chalice has adopted a systematic value-add approach – ‘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 the area essentially un-drilled •
Slide 31: Karri Prospect: large gold system confirmed at depth
1. KARRI PROSPECT Initial geological holes have confirmed a large gold system at depth below the >4km long gold trend at the Karri Prospect For personal use only • 2 phases of diamond drilling completed for structure / geology completed • First ever test at depth into a ‘blind target’ • All diamond
Slide 32: Karri Prospect: initial diamond holes and next phase targets
1. KARRI PROSPECT The initial diamond holes provided a first glance at the geology and compelling targets for the next phase of diamond drilling For personal use only 32
Slide 33: Karri Prospect: AC drilling over aerial imagery
1. KARRI PROSPECT Pyramid Hill Gold Project Karri Prospect For personal use only AC Drilling over Aerial Imagery August 2020 AC Drilling Max Gold Contours >0.025g/t >0.1g/t >1g/t 33
Slide 34: Hawkstone Nickel-Copper-Cobalt Project, Western Australia
Hawkstone Nickel-Copper- Cobalt Project For personal use only Western Australia 3434 Hawkstone field reconnaissance, Jun-2019
Slide 35: 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 36: 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% Co Merlin (IGO-Buxton) Several high- • 11 airborne EM targe
Slide 37: 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
Chalice Mining — BMO Global Metals & Mining Conference 2021 on 6ix