Chalice Mining Limited · ASX:CHN
Chalice Mining — Macquarie Australia Conference 2022
36 slides from Chalice Mining's conference presentation, May 4, 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 Macquarie Australia Conference 4 May 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: Chalice – a globally recognised name in mineral exploration
For personal use only A team with an Chalice – a globally exceptional track recognised name in record of finding and mineral exploration defining mines and rewarding shareholders We work to create High-performance, sustained value for results driven culture shareholders and (discovery DNA) stakehold
Slide 4: Tier-1 scale, pit-constrained Pd-Pt-Ni-Cu-Co sulphide resource
A tier-1 scale, pit-constrained Pd-Pt-Ni-Cu-Co sulphide resource (9 Nov 2021): 330Mt @ ~0.58% NiEq or ~1.6g/t PdEq1 for For personal use only • One of the largest greenfield PGE-Ni-Cu-Co sulphide discoveries in recent history equivalent to ~1.9Mt NiEq or ~17Moz PdEq • Metals essential for green tech
Slide 5: 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 Highly versatile but rare metals used to remove nitrogen oxides (NOx) from exhausts/hydrogen/ammonia streams (NOx are 300x more potent than CO2 as a greenhouse gas). Palladium market
Slide 6: Julimar is a province-defining new greenfield discovery
Julimar is a province-defining new greenfield discovery in the world’s premier mining jurisdiction For personal use only First drill hole discovery in March 2020: Greenfield project staked in 25m @ 8.5g/t Pd, 0.9g/t Pt, 0.1g/t Au, early 2018 (100% owned) 2.0% Ni, 0.9% Cu, 0.11% Co from 46m Maiden re
Slide 7: 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 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 8: 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 9: 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 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 10: Battery manufacturers increasingly reliant on high carbon intensity nickel
Battery manufacturers are becoming increasingly reliant on high carbon intensity 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 sources
Slide 11: Strong environmental stewardship at Julimar
The Julimar Project has the potential to deliver significant economic benefits and Chalice is committed to strong environmental stewardship use only Exploring in the Julimar State Forest Strong environmental stewardship: under a Conservation Management • Comprehensive program of baseline Plan using
Slide 12: Gonneville is a tier-1 scale, pit-constrained, strategic green metals Resource
Gonneville is a tier-1 scale, pit-constrained, strategic green metals Resource with high-grade optionality and compelling growth potential 3D view (looking ENE) of Gonneville Resource domains and pit shell For personal use only Maiden Indicated and Inferred Mineral Resource Estimate1: • 330Mt @ 0.94
Slide 13: Resource includes a significant high-grade sulphide component in-pit
The Resource includes a significant high-grade sulphide component in-pit, starting from a depth of ~30m 3D view (looking NE) of Gonneville high-grade sulphide Resource domains (>0.6% NiEq) and pit shell For personal use only High-grade sulphide component of Resource1, reported above a 0.60% NiEq cut
Slide 14: Host Gonneville Intrusion is ~600m thick
The host Gonneville Intrusion is ~600m thick and high-grade mineralisation is already demonstrated ~400m beyond the Resource pit shell For personal use only 14
Slide 15: Deposit remains open down-dip and along strike to the north
The Deposit remains open down-dip and along strike to the north, with ongoing drilling demonstrating potential for material growth For personal use only 15
Slide 16: Gonneville covers just ~7% of the >30km long Julimar Complex
Gonneville covers just ~7% of the >30km long Julimar Complex – the upside to the north has the potential transform the project 3D view (looking NW) of the Julimar Complex (airborne EM) and the Gonneville Deposit For personal use only WA Flinders Target (untested) • Large coincident Mag-AEM anomaly •
Slide 17: Early drilling at Hartog indicates mineralised mafic-ultramafic system
Early drilling on restricted locations at the Hartog target indicates encouraging signs of mineralised mafic-ultramafic system For personal use only Dampier • 8 of ~70 sites drilled to date at lower priority targets (due to access constraints) within the Hartog area • Final permit approvals are expe
Slide 18: Preliminary met testwork shows high recoveries into two concentrates
Preliminary met testwork shows high Pd-Pt-Ni-Cu-Co recoveries into two commercially attractive concentrates using conventional flotation Simplified sequential flotation process for high-grade sulphide mineralisation For personal use only Metal Expected Recovery (%) Rougher & Rougher & Crush & grind
Slide 19: 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 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 Voisey’s Bay are
Slide 20: Initial drilling at Hartog and Gonneville Scoping Study upcoming milestones
Initial drilling at Hartog and the Gonneville Scoping Study represent significant upcoming milestones For personal use only Q1 CY22 Q2 CY22 Q3 CY22 Q4 CY22 Julimar Complex exploration Access approvals Initial diamond drilling at Hartog-Dampier targets 70+ holes Initial AC drilling at Jansz-Torres ta
Slide 21: Highlights
Highlights 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 team with an excellent track record 21
Slide 22: Julimar Nickel-Copper-PGE Project Appendix
For personal use only Julimar Nickel- Copper-PGE Project Appendix
Slide 23: 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 23
Slide 24: Gonneville maiden Mineral Resource Estimate (JORC Code 2012)
Gonneville maiden Mineral Resource Estimate (JORC Code 2012), 9 Nov 2021 For personal use only Cut-off Domain Category Mass Grade Contained Metal Grade Pd Pt Au Ni Cu Co NiEq PdEq Pd Pt Au Ni Cu Co NiEq PdEq (Mt) (g/t) (g/t) (g/t) (%) (%) (%) (%) (g/t) (Moz) (Moz) (Moz) (kt) (kt) (kt) (kt) (Moz) Ind
Slide 25: Higher-grade sulphide component of Gonneville Resource
Higher-grade sulphide component of Gonneville Resource, 9 Nov 2021 For personal use only Cut-off Domain Category Mass Grade Contained Metal Grade Pd Pt Au Ni Cu Co NiEq PdEq Pd Pt Au Ni Cu Co NiEq PdE q (Mt) (g/t) (g/t) (g/t) (%) (%) (%) (%) (g/t) (Moz) (Moz) (Moz) (kt) (kt) (kt) (kt) (Moz) Indicate
Slide 26: Metal Equivalent Assumptions of Gonneville Resource
Metal Equivalent Assumptions of Gonneville Resource, 9 Nov 2021 For personal use only Sulphide domain intercepts and resource figures are quoted using a nickel equivalent (NiEq) and palladium equivalent (PdEq) cut-off grades. No metal equivalent is used for the oxide domain. Based on limited metallu
Slide 27: Flat grade-tonnage curve highlights the significant high-grade component
Flat grade-tonnage curve highlights the significant high-grade component – providing the project with development optionality For personal use only 500 2.5 450 450 2.1 410 2.1 2.0 400 1.9 2.0 1.8 1.8 1.7 350 330 1.6 1.6 1.5 1.5 1.4 Grade (NiEq %) 300 1.5 1.3 Mass (Mt) 1.3 250 1.2 220 1.1 1.0 200 0.9
Slide 28: Gonneville Resource classification
Gonneville Resource classification 3D view (looking NE) of Gonneville Resource sulphide domains by classification For personal use only 28
Slide 29: New zone of shallow high-grade mineralisation discovered south of Hartog
New zone of shallow high-grade mineralisation discovered directly south of the Hartog AEM anomaly, within a new intrusive unit Gonneville and Hartog Plan View – drilling results and Resource pit crest over airborne EM For personal use only • New shallow high-grade PGE-Ni-Cu-Co sulphide zone has no E
Slide 30: 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 31: The Chalice Story Appendix
For personal use only The Chalice Story Appendix
Slide 32: Corporate Snapshot
Corporate Snapshot For personal use only Top Shareholders1 Capital Structure and Financials Tim Goyder Founder in 2006 Equity listings 11% Shares out. 355M Market capitalisation ASX: CHN Shares (F/D) 361M ~A$2.5Bn (@ A$7.10ps) OTCQB: CGMLF 47% Retail & HNWI Debt Cash2 Cash & Investments2 42% nil ~A$
Slide 33: Growing organisational capability
Growing 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, corporate and commercial
Slide 34: Chalice ~4,000% TSR since the Julimar discovery
Chalice has been one of the standout performers in the sector, with a ~4,000% TSR since the Julimar discovery in March 2020 For personal use only Inclusion in Drilling commences 12.00 S&P/ASX200 at Hartog ~1.9Mt NiEq or ~17Moz PdEq Maiden Resource at Julimar 10.00 Large EM-soil anomalies at Hartog 8
Slide 35: 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) discovery at 2016 $7.5M ra
Slide 36: For personal use only
For personal use only ABN 47 1 16 648 956 Level 3, 46 Colin Street West Perth WA 6005, Australia +61 8 9322 3960 info@chalicemining.com www.chalicemining.com chalice-mining @ChaliceMining