Chalice Mining Limited · ASX:CHN
Chalice Mining — Prospectors and Developers Association of Canada (PDAC) Conference 2023
36 slides from Chalice Mining's conference presentation, Mar 8, 2023
Slide 1: New Discoveries Keynote Presentation at the 2023 PDAC Conference
ASX Announcement 8 March 2023 For personal use only New Discoveries Keynote Presentation at the 2023 Prospectors and Developers Association of Canada Conference Wednesday 8 March 2023 Chalice Mining Limited (“Chalice” or “the Company”, ASX: CHN | OTCQB: CGMLF) wishes to advise it will be presenting
Slide 2: The Julimar Ni-Cu-PGE discovery – a re-write of the geological history of Western Australia
For personal use only ASX: CHN | OTCQB: CGMLF The Julimar Ni-Cu-PGE discovery – a re-write of the geological history of Western Australia New Discoveries Keynote Prospectors and Developers Association of Canada (PDAC) 8 March 2023
Slide 3: Forward looking statements and competent person(s) disclosure
Forward looking statements and competent person(s) disclosure This presentation does not provide investment or financial product advice and does not include all available Disclaimer Information on Chalice Mining Limited and should not be used in isolation as a guide to investing in the Company. This
Slide 4: 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 We have a high-performance, results driven culture – our focus is world-class discoveries Our purpose is to find the metals needed to decarbonise the world (the gr
Slide 5: Chalice's three phases of growth
Chalice’s three phases of growth – an incredible ‘overnight success’ story 15+ years in the making… 3 For personal use only $12 CHN Share Price 2 Tier-1 discoverer $10 1 Generative house • 2020 Major discovery at Julimar in 1st drill hole: 19m @ 2.6% Ni, 1.0% Cu, 0.14% Co, 8.4g/t Pd, 1.1g/t Pt Junio
Slide 6: Julimar: strategic, large-scale resource with rare mix of critical minerals
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 and
Slide 7: Introducing the Chalice 2023 Thayer Lindsley Award recipients
Introducing the Chalice 2023 Thayer Lindsley Award recipients – credited with the Julimar Ni-Cu-PGE discovery in 2020 For personal use only • Highly regarded exploration • 14+ yrs experience across a geologist with 25+ years experience diverse range of commodities across junior explorers and • Led r
Slide 8: The Julimar discovery story
For personal use only The Julimar discovery story Dr Kevin Frost – GM Discovery and Growth
Slide 9: Why and how did we get here? A conceptual layered intrusive complex model
Why and how did we get here? A conceptual layered intrusive complex model and a team that was quick to move For personal use only Area Selection (2018) Yarawindah Brook • Prominent magnetic anomaly located near western PGE-Ni-Cu Intrusion-hosted margin of Yilgarn Craton – unlicenced and appeared to
Slide 10: What we were targeting? Tier-1 scale orthomagmatic Ni-Cu-PGE deposits
What we were targeting? Tier-1 scale orthomagmatic Ni-Cu+/-PGE deposits, using a minerals system approach For personal use only Craton Margin Setting • Preferred siting close to craton margins • Favourable lithospheric architecture at craton margins facilitates passage of melt from mantle into crust
Slide 11: Exploration approach focussed initially on the southern end of the complex
Our exploration approach focussed initially on the very southern end of the complex where we could get access to private farmland For personal use only Exploration approach • Vast majority of the ~30km long Julimar magnetic anomaly located in State Forest or Defence Training Area – so very southern
Slide 12: The discovery was made in the very first drill hole
The discovery was made in the very first drill hole and it quickly became evident that Julimar was a very large mineral system For personal use only • March 2020 RC drilling commenced as WA entering COVID-19 lockdowns – uncertainty • JRC003 tested Conductor B which intersected ~2m of massive sulphid
Slide 13: The Gonneville Intrusion occupies ~2km of the Julimar Complex
The Gonneville Intrusion occupies ~2km of the Julimar Complex – an Archean aged layered mafic-ultramafic intrusive For personal use only Gonneville Intrusion – intrusive sub units SP1 – Serpentinised peridotite (harzburgite): • Olivine ortho-mesocumulate ; MgO >35% (max 40% MgO); Ni 1,500-2,500ppm;
Slide 14: Gonneville Intrusion interpreted from 2D seismic to have ~1.6km dip extent
The Gonneville Intrusion is interpreted from 2D seismic to have a ~1.6km dip extent, with 45° WNW dip For personal use only 13
Slide 15: Four types of Ni-Cu-PGE sulphide mineralisation at Gonneville
There are four types of Ni-Cu-PGE sulphide mineralisation at Gonneville, with higher grades in sub-parallel sulphide rich zones (the ‘G zones’) For personal use only • G1-G2 Zones: PGE-Ni-Cu-Co; discrete zones of matrix, massive to semi- massive/stringer po-pn-cpy at SP1/SP2 transition and proximal
Slide 16: Gonneville has a tier-1 scale, near-surface Resource
Gonneville has a tier-1 scale, near-surface Resource with 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, 5
Slide 17: 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 18: Growth potential highlighted by wide, high-grade intersections at northern end
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 19: Ultramafic geology and magmatic sulphides intersected over ~10km strike
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 20: 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 21: What next for Julimar?
For personal use only What next for Julimar? Alex Dorsch – Chalice MD & CEO
Slide 22: Processing flowsheet under development
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 23: Initial drilling and Scoping Study represent 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 24: 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 ‘Tier-1’ orthomagmatic nickel-copper-PGE Narryer sulphide deposits such as Norilsk, Jinchuan, Thompson and Burtville Terrane
Slide 25: The fate of decarbonisation rests on the explorers who must find the green metals
The fate of decarbonisation rests on the explorers who must find the green metals – the big discoveries are very rare For personal use only Post WWII boom and new Rise of China and surge in 60 modern exploration tools exploration expenditure (11x) 50 ~60% drop in 40 exploration expenditure and shall
Slide 26: World class, tier-1 scale green metals project in Western Australia
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 27: Appendix
For personal use only Appendix
Slide 28: 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 recognised with PDAC Th
Slide 29: 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 30: 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 31: 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 32: Flat grade-tonnage curve highlights 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 33: Metal equivalent assumptions of Gonneville Resource
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 34: Australian Primary Nickel Sulphide Resources
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 35: Interactive 3D Model & Video of Julimar Project
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 34
Slide 36: 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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