Chalice Mining Limited · ASX:CHN
Chalice Mining — 2022 Macquarie Western Australia Forum
32 slides from Chalice Mining's conference presentation, Nov 28, 2022
Slide 1: Julimar – the right metals at the right time in Western Australia
ASX: CHN | OTCQB: CGMLF Julimar – the right metals at the right time in Western Australia 2022 Macquarie Western Australia Forum 28 November 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 Authorisation isolation as a guide to investing in the Company. Any potential investor should also refer to Chalice Mining Th
Slide 3: A globally recognised name in exploration
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 create a world class, multi
Slide 4: 11Moz 3E, 560kt Ni, 360kt Cu
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 explore and 100% owned by Chalice, develop
Slide 5: Julimar is capturing attention as a strategic asset for Australia and the western world
Julimar is capturing attention as a strategic asset for Australia and the western world, given its rare palladium-nickel-cobalt content Global Palladium Primary Supply Market Share Julimar is the first major PGE discovery in Australia and one of the few recent large-scale Ni-Cu-PGE Russia also disco
Slide 6: The growing battery industry needs new, large scale and sustainable sources of battery-grade nickel
The growing battery industry needs new, large scale and sustainable sources of battery-grade nickel – a unique opportunity for Julimar Battery-grade nickel consumers forecast to Estimated avg carbon intensity of nickel sources (kgCO2 eq. per kg Ni) become heavily reliant on supply sources that do no
Slide 7: Chalice is committed to strong environmental stewardship at Julimar
Chalice is committed to strong environmental stewardship and has a unique opportunity at Julimar to demonstrate this Leading practice low-impact exploration • Strictly governed by a Conservation Julimar Project Biodiversity Goal Management Plan, according to To ensure science-based no net loss of in
Slide 8: The Julimar Project has the potential to deliver significant benefits for the local community
The Julimar Project has the potential to deliver significant benefits for the local community and wider region Chalice has engaged early, actively and Chalice is committed to achieving lasting Julimar could deliver jobs, skills and transparently to build respectful and social and economic benefits f
Slide 9: Julimar has the fourth largest undeveloped nickel sulphide resource in Australia
Julimar has the fourth largest undeveloped nickel sulphide resource in Australia and has significant PGE-Cu-Co credits Under offer 3,000 by BHP 2,500 Including all six payable metals, Julimar has a 2,000 Australian Contained Nickel (kt) contained nickel equivalent of ~2,000 kt primary nickel 1,500 s
Slide 10: The tier-1 scale, near-surface Resource has high-grade optionality
The tier-1 scale, near-surface Resource has high-grade optionality and compelling growth potential 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 3E, 560kt Ni, 360kt Cu and 54kt Co contai
Slide 11: Growth potential at Gonneville highlighted by wide, high-grade intersections
The growth potential at Gonneville was highlighted by recent outstanding wide, high-grade intersections at the northern end of the deposit The initial results at Hartog from restricted drill sites have confirmed Gonneville-like sulphide mineralisation in this fault-offset extension of the Julimar Co
Slide 12: Sulphide mineralisation intersected in every hole drilled into the Julimar Complex
Sulphide mineralisation has been intersected in every hole drilled into the Julimar Complex thus far, over a strike length of ~10km • Drilling 6-10km further north of Gonneville has intersected a Gonneville-type ultramafic horizon over ~5.5km of strike length • All holes to date have intersected hig
Slide 13: The Resource occupies just ~2km of the >30km long Julimar Complex
The Resource occupies just ~2km of the >30km long Julimar Complex – the upside to the north has the potential to transform the project State Forest Flinders Target (untested) WA Area • Large coincident Mag-AEM anomaly • Access pending Julimar Complex • Interpreted >30km long mafic- ultramafic intrus
Slide 14: Two processing options under evaluation in the ongoing Scoping Study
Two processing options are under evaluation in the ongoing Scoping Study – selective Cu/Ni flotation or Cu flotation + Ni enrichment Simplified sequential flotation process for higher-grade sulphide mineralisation • Preliminary testwork to date on 15 sulphide composite Rougher & Rougher & samples fr
Slide 15: Initial drilling and the Scoping Study represent significant upcoming milestones
Initial drilling along the Julimar Complex and the Scoping Study for an potential mine at Gonneville represent significant upcoming milestones Chalice has consistently delivered since the Julimar We are rapidly advancing Gonneville discovery in early 2020 towards mine development… Julimar Significan
Slide 16: The Julimar discovery has 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 critical mineral discoveries • Many of the ‘giant’ ortho-magmatic nickel-copper-PGE Narryer sulphide deposits such as Norilsk, Jinchuan, Thompson and Burtville Terrane Voisey’s Bay are loca
Slide 17: New world class, strategic, 'green metals' Resource in Western Australia
New world class, strategic, ‘green metals’ Resource in Western Australia – a ‘once in a generation’ discovery Significant exploration upside at Julimar and in the new West Yilgarn Ni-Cu-PGE Province – targeting more shallow high-grade sulphides High performance, well funded team with an excellent tr
Slide 18: Appendix
Appendix
Slide 19: Chalice is actively growing its organisational capability
Chalice is actively growing its organisational capability Board of Directors Management Derek La Ferla, Chairman Richard Hacker, CFO • Highly regarded ASX200 chair and company director with 30+ years • Chartered Accountant with 20+ years experience in junior company experience as a corporate lawyer
Slide 20: Corporate Snapshot: Capital Structure and Financials
Corporate Snapshot Capital Structure and Financials Equity listings Shares out. 376M Market capitalisation ASX: CHN Shares (F/D) 381M ~A$1.9Bn (@ A$5.25ps)3 OTCQB: CGMLF Tim Goyder Top Shareholders1 Founder in 2006 Debt Cash2 Cash & Investments2 2% nil ~A$115M ~A$120M Directors 9% & Mgmt ASX:CHN (A$
Slide 21: 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 2020 Zara Gold 2022 Major PGE- Project in Eritrea $100M NI-Cu-Co-Au 2006 sold for raised to 2016 discovery at $7.5M raised ~US$114M progress Cameron Julimar in IPO on ASX (pre-tax) 2
Slide 22: Chalice is building a world-class 'green metals' portfolio in Australia
Chalice is building a world-class ‘green metals’ portfolio in Australia 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 streams, including nitrogen
Slide 23: 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 Green hydrogen produced by electrolysis of Long-term storage and transport of green Green hydrogen ideal for use in
Slide 24: The hydrogen economy has the potential to underpin long term PGE demand
The rapidly growing and increasingly adopted hydrogen economy has the potential to underpin long term PGE demand 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 Light FCEVs Heavy FCE
Slide 25: Long term PGE demand forecast: supporting assumptions & calculations
Long term PGE demand forecast: supporting assumptions & calculations 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 below relate to the year
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 https://inventum3d.com/c/chalicemining https://youtu.be/zaparMvbb4g 26
Slide 27: Gonneville Mineral Resource Estimate (JORC Code 2012)
Gonneville Mineral Resource Estimate (JORC Code 2012), 8 July 2022 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 8.6 1.9 - 0.06 - - -
Slide 28: Higher-grade sulphide component of Gonneville Resource
Higher-grade sulphide component of Gonneville Resource (in pit and underground), 8 July 2022 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) (kt) (kt) (Moz) Indic
Slide 29: Flat grade-tonnage curve highlights the significant higher-grade component
Flat grade-tonnage curve highlights the significant higher-grade component – providing the project with development optionality 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 0.9 1.0 200 0.8 0.7 150
Slide 30: Metal equivalent assumptions of Gonneville Resource
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 calculations (palladium, platinum, gold, nickel, copper and cobalt) have a
Slide 31: Australian Primary Nickel Sulphide Resources
Australian Primary Nickel Sulphide Resources (4 Oct 2022) Total Measured (Meas.), Indicated (Ind.) and Inferred (Inf.) resources Meas. Ind. Inf. Tonnage Nickel Copper Cobalt Gold Platinum Palladium Silver Tonnage Tonnage Tonnage Rank Asset Company Stage Source Announcement Date (Mt) (kt, %) (kt, %)
Slide 32: Contact details
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
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