Chalice Mining Limited · ASX:CHN
Chalice Mining — Investor Presentation (November 2021)
29 slides from Chalice Mining's investor presentation, Nov 9, 2021
Slide 1: Julimar – a new world class PGE-Ni-Cu-Co-Au sulphide resource in Western Australia
ASX: CHN | OTCQB: CGMLF Julimar – a new world class PGE-Ni-Cu-Co-Au sulphide resource in Western Australia Corporate Presentation 9 November 2021
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 isolation as a note that it is a requirement of the ASX listing rules that the reporting of mineral resources in Australia is
Slide 3: A globally recognised specialist explorer and developer
• New tier-1 scale, pit constrained maiden PGE-Ni-Cu-Co sulphide Resource3 for the Gonneville Deposit: 330Mt @ ~0.58% NiEq or ~1.6g/t PdEq for equivalent to ~1.9Mt NiEq or ~17Moz PdEq • Largest nickel sulphide discovery worldwide since 2000 • Largest PGE discovery in Australian history • Highly leve
Slide 4: Julimar is a province-defining new greenfield discovery in the world's premier mining jurisdiction
Julimar is a province-defining new greenfield discovery in the world’s premier mining jurisdiction 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 resource for Gonneville
Slide 5: 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 Maiden Indicated and Inferred Mineral Resource Estimate1: • 330Mt @ 0.94g/t Pd+Pt+Au (3E), 0.1
Slide 6: The 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 High-grade sulphide component of Resource1, reported above a 0.60% NiEq cut-off grade: • 74Mt @ 1
Slide 7: 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 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 1.0 0.8 150 0.7 0.6 0
Slide 8: The Deposit remains open on private farmland, with ongoing drilling
The Deposit remains open on private farmland, with ongoing drilling already demonstrating the potential for material growth 3D view (looking E) of Gonneville high-grade sulphide Resource domains (>0.8% NiEq) and pit shell 8
Slide 9: Gonneville covers just ~7% of the 26km long Julimar Complex
Gonneville covers just ~7% of the 26km 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 9
Slide 10: Immediately north of Gonneville, the Hartog Target is the highest priority
Immediately north of Gonneville, the compelling Hartog Target is the highest priority – access approval expected shortly Hartog • ~6.5km long gravity- AEM anomaly • ~30 ground EM conductors and multi- kilometre scale Ni-Cu soil anomalies, comparable to Gonneville pre- discovery • Coherent Cr soil an
Slide 11: Julimar is a 'green metals' project
Palladium Nickel Julimar is a ‘green metals’ project Highly versatile but scarce metal used to The key battery cathode material in remove nitrogen oxides (NOx) from electric vehicles, high nickel NMC 811 exhausts / hydrogen / ammonia batteries are the favoured chemistry streams. NOx are 300x more po
Slide 12: Palladium has surged with the introduction of China 5/6 emissions standards
Palladium has surged with the introduction of China 5/6 emissions standards and the switch from Pt to Pd based catalytic converters • Demand currently dominated by ICE catalytic converters • Tightening emissions standards (particularly on NOx emissions) has led to Pd based catalysts being preferred
Slide 13: Initial drilling at Hartog and Scoping Study for Gonneville in Q2 2022
Initial drilling at Hartog and Scoping Study for Gonneville in Q2 2022 represent significant upcoming milestones 2021 2022 Q3 Q4 Q1 Q2 Q3 Q4 Hartog-Baudin-Jansz-Torres targets Access approvals Stage 2 CMP1 Initial recon at Hartog-Baudin targets2 Diamond drilling Initial recon at Jansz-Torres targets
Slide 14: Preliminary met testwork shows high Pd-Pt-Ni-Cu-Co 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 Metal Expected Recovery (%) Rougher & Rougher & Crush & grind cleaner cleaner Copper
Slide 15: The Julimar Project has the potential to deliver significant jobs, skills and economic diversification
The Julimar Project has the potential to deliver significant jobs, skills and economic diversification to the Wheatbelt region of WA Chalice is committed to strong environmental Utilising low-impact drilling stewardship: techniques in the Julimar State • Comprehensive program of baseline Environment
Slide 16: Growing organisational capability
Board of Directors Growing organisational capability Tim Goyder, Chair • 40+ year industry veteran with track record of success as an investor, entrepreneur and company director Management • Founder and largest shareholder of Chalice (~11%) Richard Hacker, CFO • Chartered Accountant with 20+ years e
Slide 17: 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 discoveries Narryer Terrane Narryer • Many of the ‘giant’ Ni-Cu-PGE sulphide deposits such as Norilsk, Jinchuan, Thompson and Voisey’s Bay are located proximal to the margin of Archean age
Slide 18: Investment Highlights
Investment Highlights 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 ~A$86M1 in cash and investments and a team with an excellent track record 1 As at 30 Sept 2021 18
Slide 19: Julimar Nickel-Copper-PGE Project
Julimar Nickel- Copper-PGE Project Appendix
Slide 20: Interactive 3D Model & Video: Take a tour of our Julimar Project
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/QRcnTSsG9Hs 20
Slide 21: Gonneville maiden Mineral Resource Estimate (JORC Code 2012), 9 Nov 2021
Gonneville maiden Mineral Resource Estimate (JORC Code 2012), 9 Nov 2021 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) Indicated 0.9g/t Oxide In
Slide 22: Higher-grade sulphide component of Gonneville Resource
Higher-grade sulphide component of Gonneville Resource, 9 Nov 2021 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) Indicated 1.8 1.2 0.28 0.05 0.
Slide 23: Gonneville Resource classification
Gonneville Resource classification 3D view (looking NE) of Gonneville Resource sulphide domains by classification 23
Slide 24: The Chalice Story
The Chalice Story Appendix
Slide 25: Corporate Snapshot
Corporate Snapshot Top Shareholders1 Capital Structure and Financials Tim Goyder (Chairman) Founder in 2006 Equity listings 11% Shares out. 352.9M Market capitalisation ASX: CHN Shares (F/D) 361M ~A$2.4Bn (@ A$6.77ps) OTCQB: CGMLF 46% Retail & HNWI Debt Cash2 Cash & Investments2 43% nil ~A$81M ~A$86
Slide 26: Chalice has been one of the standout performers, ~4,000% TSR since Julimar discovery
Chalice has been one of the standout performers in the sector, with a ~4,000% TSR since the Julimar discovery Inclusion in 10.00 S&P/ASX200 9.00 Large EM-soil anomalies at Hartog 8.00 7.00 Inclusion in S&P/ASX300 $115M placement & 6.00 $30M placement SPP at $3.75 at $1.05 5.00 6.5km Hartog EM Major
Slide 27: Since our 2006 IPO, we have acquired quality assets and advanced projects quickly
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 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 raised in IPO Julimar Pr
Slide 28: 2021-22 Strategy
2021-22 STRATEGY Deliver a sustainability Build trust-based and inclusive Define comprehensive baseline Sustainability strategy based on relationships with our external environmental standards for the responsible practices and stakeholders. Increase engagement Julimar Project shared value. Maintain
Slide 29: ABN 47 1 16 648 956 Level 3, 46 Colin Street West Perth WA
ABN 47 1 16 648 956 Level 3, 46 Colin Street West Perth WA 6005, Australia +61 8 9322 3960 [email protected] www.chalicemining.com chalice-mining @ChaliceMining
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