Chalice Mining Limited · ASX:CHN
Chalice Mining — RIU Explorers Conference 2023
35 slides from Chalice Mining's conference presentation, Feb 15, 2023
Slide 1: The Julimar Ni-Cu-PGE Project – the right metals at the right time
ASX: CHN | OTCQB: CGMLF The Julimar Ni-Cu-PGE Project – the right metals at the right time in Western Australia RIU Explorers Conference 15 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: Acknowledgement of Country
Acknowledgement of Country At Chalice Mining, we acknowledge the Whadjuk and Yued Traditional Owners, the custodians of the lands on which our flagship Julimar Project is located just north of Perth. We acknowledge the Traditional Owners of the land on which our projects exist and on which we work.
Slide 4: A globally recognised name in exploration
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 aspiration – to create a
Slide 5: Leading ASX200 green metals explorer with a track record of creating shareholder value
Chalice is a leading ASX200 green metals explorer with a track record of creating shareholder value 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 Thayer Lindsley Derek Al
Slide 6: 11Moz 3E 560kt Ni 360kt Cu 54kt Co
– 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 hydrogen 100% owned
Slide 7: 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 Hydrogen Electric Hybrid Energy Semi- Wind & Importance of metals Vehicles Vehicles Storage conductors Solar PV Nickel and Cobalt • Key industrial and electrification metals with unique chemical
Slide 8: Committed to strong environmental stewardship and community relationships
Chalice is committed to strong environmental stewardship and has established trust based relationships with local communities and Traditional Owners We have adopted a Biodiversity goal for the Julimar A mine at Julimar could deliver significant jobs, skills and Project – to ensure science-based no n
Slide 9: Julimar is capturing attention as a strategic asset
Julimar is capturing attention as a strategic asset for Australia and the western world, given its rare palladium-nickel-cobalt content 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-PGE Market Share (2021)
Slide 10: Battery industry needs new, large scale and sustainable sources of nickel
The growing battery industry needs new, large scale and sustainable sources of battery-grade nickel – a unique opportunity for Julimar Battery-grade nickel consumers forecast to Estimated average carbon intensity of nickel sources become heavily reliant on supply sources that (kgCO2 eq. per kg Ni) d
Slide 11: 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 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 of ~2,000 kt by Kinter
Slide 12: Tier-1 scale, near-surface Resource with high-grade optionality
The tier-1 scale, near-surface Resource has high-grade optionality and compelling growth potential 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 Cu and 54kt Co contai
Slide 13: Growth potential at Gonneville highlighted 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 The initial results at Hartog from restricted drill sites have confirmed Gonneville-like sulphide mineralisation in this fault-offset extension of the Julimar Co
Slide 14: 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 Crushing Grinding Copper Flotation Nickel-Iron Flotation Tailings Storage Facility Potential Potential re-grinding leaching Neutralised solids • >150 batch flotation and >25
Slide 15: Gonneville-like geology intersected over ~10km strike across the Julimar Complex
Gonneville-like ultramafic geology + magmatic sulphides have been intersected over a strike length of ~10km across the Julimar Complex • Drilling 6-10km further north of Gonneville has intersected a Gonneville-type ultramafic horizon over ~5.5km of strike length • All these holes have intersected hi
Slide 16: 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 State Forest Flinders Target (untested) WA Area • Large coincident Mag-AEM anomaly • Access pending Julimar Complex • Interpreted >30km long mafic- ultramafic intrus
Slide 17: 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 • Many of the ‘giant’ ortho-magmatic nickel-copper-PGE Narryer sulphide deposits such as Norilsk, Jinchuan, Thompson and Burtville Terrane Voisey’s Bay are loca
Slide 18: Upcoming milestones: drilling and Scoping Study
Initial drilling along the Julimar Complex and the Scoping Study for a potential mine at Gonneville represent significant upcoming milestones Chalice continues its dual strategy at Julimar – to advance development studies and regulatory approvals for a potential mine at Gonneville, in parallel with
Slide 19: World class, tier-1 scale green metals project in Western Australia
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 Yilgarn Ni- Cu-PGE Pro
Slide 20: Appendix
Appendix
Slide 21: 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 experience as a corporate lawyer
Slide 22: Since 2006 IPO, acquired quality assets and generated exceptional returns
Since our 2006 IPO, we have acquired quality assets, advanced projects quickly and generated exceptional returns 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 IPO on ASX (pre-tax) 2
Slide 23: Strong environmental stewardship at Julimar
Chalice is committed to strong environmental stewardship and has a unique opportunity at Julimar to demonstrate this Leading practice low-impact exploration • Strictly governed by a Conservation Julimar Project Biodiversity Goal Management Plan, according to To ensure science-based no net loss of in
Slide 24: 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 Chalice has engaged early, actively and Chalice is committed to achieving lasting Julimar could deliver jobs, skills and transparently to build respectful and social and economic benefits f
Slide 25: Collaborative relationships with Whadjuk and Yued Traditional Owners
Chalice is building strong, collaborative relationships with Whadjuk and Yued Traditional Owners 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 respects their obligation to
Slide 26: Platinum and Palladium essential in 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 Production Transport and Storage Utilisation Green hydrogen produced by electrolysis of Long-term storage and transport of green Green hydrogen ideal for use in
Slide 27: 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 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 Light FCEVs Heavy FCE
Slide 28: Long term PGE demand forecast: supporting assumptions & calculations
Long term PGE demand forecast: supporting assumptions & calculations 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 below relate to the year
Slide 29: Interactive 3D Model & Video
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/zaparMvbb4g 29
Slide 30: Gonneville Mineral Resource Estimate (JORC 2012), July 2022
Gonneville Mineral Resource Estimate (JORC Code 2012), 8 July 2022 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 8.6 1.9 - 0.06 - - -
Slide 31: Higher-grade sulphide component of Gonneville Resource
Higher-grade sulphide component of Gonneville Resource (in pit and underground), 8 July 2022 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) (kt) (kt) (Moz) Indic
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 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 0.9 1.0 200 0.8 0.7 150
Slide 33: Metal equivalent assumptions of Gonneville Resource
Metal equivalent assumptions of Gonneville Resource, 8 July 2022 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, copper and cobalt) have a
Slide 34: Australian Primary Nickel Sulphide Resources (1 Feb 2023)
Australian Primary Nickel Sulphide Resources (1 Feb 2023) 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 (Mt) (kt, %) (kt, %)
Slide 35: ABN 47 1 16 648 956 Sign up to receive our latest news by
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 [email protected] www.chalicemining.com chalice-mining @ChaliceMining