Chalice Mining Limited · ASX:CHN
Chalice Mining — Investor Presentation (February 2023)
33 slides from Chalice Mining's investor presentation, Feb 8, 2023
Slide 1: The Julimar Ni-Cu-PGE Project – the right metals at the right time
For personal use only ASX: CHN | OTCQB: CGMLF The Julimar Ni-Cu-PGE Project – the right metals at the right time in Western Australia Corporate Presentation 8 February 2023
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
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 (the green metals) Our as
Slide 4: Chalice is a leading ASX200 green metals explorer
Chalice is a leading ASX200 green metals explorer with a track record of creating shareholder value For personal use only Board of Directors Our Achievements • ~4,000% total return to shareholders since Julimar discovery in March 2020 • World class Julimar Ni-Cu-PGE discovery Derek Alex Morgan Garre
Slide 5: Julimar investment highlights: 11Moz 3E, 560kt Ni, 360kt Cu, 54kt Co
– For personal use only 11Moz 3E2 560kt Ni 360kt Cu 54kt Co Resource update expected in late Q1 2023 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 an
Slide 6: Decarbonisation will underpin long-term demand for the green metals at Julimar
The need to decarbonise the global economy will underpin long-term demand for the green metals at Julimar For personal use only Hydrogen Electric Hybrid Energy Semi- Wind & Importance of metals Vehicles Vehicles Storage conductors Solar PV Nickel and Cobalt • Key industrial and electrification metal
Slide 7: Julimar is a strategic asset given its palladium-nickel-cobalt content
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 Australia Global Palladium and Nickel Primary Supply and one of the few recent large-scale Ni-Cu-P
Slide 8: The battery industry needs new, large scale and sustainable nickel sources
The growing battery industry needs new, large scale and sustainable sources of battery-grade nickel – a unique opportunity for Julimar For personal use only Battery-grade nickel consumers forecast to Estimated average carbon intensity of nickel sources become heavily reliant on supply sources that (
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 For personal use only 3,000 Under offer by BHP2 2,500 Including all six payable 2,000 metals, Julimar has a Contained Nickel (kt) Under offer Australian contained nickel equivalent
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 For personal use only Current 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
Slide 11: Growth potential at Gonneville shown 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 For personal use only The initial results at Hartog from restricted drill sites have confirmed Gonneville-like sulphide mineralisation in this fault-offset exten
Slide 12: Processing flowsheet under development for Cu-PGE-Au concentrate and Ni-Co MHP
The processing flowsheet is under development, targeting production of a Cu- PGE-Au concentrate and a battery-grade Ni-Co MHP For personal use only Crushing Grinding Copper Flotation Nickel-Iron Flotation Tailings Storage Facility Potential Potential re-grinding leaching Neutralised solids • >150 ba
Slide 13: Gonneville-like ultramafic geology intersected over ~10km strike length
Gonneville-like ultramafic geology + magmatic sulphides have been intersected over a strike length of ~10km across the Julimar Complex For personal use only • Drilling 6-10km further north of Gonneville has intersected a Gonneville-type ultramafic horizon over ~5.5km of strike length • All these hol
Slide 14: 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 For personal use only State Forest Flinders Target (untested) WA Area • Large coincident Mag-AEM anomaly • Access pending Julimar Complex • Interpreted >30km long ma
Slide 15: Julimar 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 For personal use only • Many of the ‘giant’ ortho-magmatic nickel-copper-PGE Narryer sulphide deposits such as Norilsk, Jinchuan, Thompson and Burtville Terrane
Slide 16: Initial drilling and the Scoping Study are significant upcoming milestones
Initial drilling along the Julimar Complex and the Scoping Study for a potential mine at Gonneville represent significant upcoming milestones For personal use only Chalice continues its dual strategy at Julimar – to advance development studies and regulatory approvals for a potential mine at Gonnevi
Slide 17: Tier-1 scale green metals project with exploration upside
For personal use only World class, tier-1 scale ‘green metals’ project in Western Australia – unique exposure to critical metals required for decarbonisation A team with a track record of discovery and shareholder value creation Significant exploration upside at Julimar and in the exciting new West
Slide 18: Appendix
For personal use only 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 For personal use only experience
Slide 20: 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 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
Slide 21: Committed to strong environmental stewardship at Julimar
Chalice is committed to strong environmental stewardship and has a unique opportunity at Julimar to demonstrate this For personal use only Leading practice low-impact exploration • Strictly governed by a Conservation Julimar Project Biodiversity Goal Management Plan, according to To ensure science-b
Slide 22: Julimar could deliver significant benefits for the local community
The Julimar Project has the potential to deliver significant benefits for the local community and wider region For personal use only Chalice has engaged early, actively and Chalice is committed to achieving lasting Julimar could deliver jobs, skills and transparently to build respectful and social a
Slide 23: Building collaborative relationships with Whadjuk and Yued Traditional Owners
Chalice is building strong, collaborative relationships with Whadjuk and Yued Traditional Owners For personal use only Our Commitment to Whadjuk and Yued Traditional Owners Traditional Owners have unique rights and interests to those of other stakeholders. Chalice recognises their rights and respect
Slide 24: Platinum and Palladium are essential across 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 25: Hydrogen economy could 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 26: 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 27: Interactive 3D Model & Video 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/zaparMvbb4g 27
Slide 28: 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 29: 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 30: 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 31: Metal equivalent assumptions of Gonneville Resource, July 2022
Metal equivalent assumptions of Gonneville Resource, 8 July 2022 For personal use only 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, cop
Slide 32: Australian Primary Nickel Sulphide Resources (1 Feb 2023)
Australian Primary Nickel Sulphide Resources (1 Feb 2023) For personal use only 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
Slide 33: 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
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