Chalice Mining Limited ('Chalice' or 'the Company', ASX: CHN) provides an update on its compliance with ASX Listing Rule 12.7.
As disclosed in the Company's Corporate Governance Statement and Annual Report released on 26 September 2025, the Company's Audit Committee from 1 July 2025 was chaired by Richard Hacker, who is not considered to be an independent director.
While Richard Hacker is currently a non-executive director, he is not considered to be an independent director in accordance with the guidance provided in the ASX Corporate Governance Principles and Recommendations as he has held an executive position with Chalice in the previous three years. Due to an administrative oversight, this resulted in the Company not being in compliance with Listing Rule 12.7 from 1 July 2025.
The Company has now appointed Garret Dixon, who is an independent non-executive director, as Chair of the Audit Committee and therefore the Company is now in compliance with the requirements of ASX Listing 12.7 and specifically Recommendation 4.1 of the ASX Corporate Governance Principles and Recommendations, with the Audit Committee consisting of: a) Only non-executive directors; (b) A majority of independent directors; An independent chairperson, who is not chairperson of the board and (d) At least three members.
This announcement was authorised for release by the Disclosure Committee.
Contact:
Ben Goldbloom
Tel: +61 8 9322 3960
Email: info@chalicemining.com
Web: www.chalicemining.com
Nicholas Read
Tel: +61 8 9388 1474
Email: info@readcorporate.com.au
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