Chalice Mining Limited · ASX:CHN
Chalice Mining — Gold Forum Americas 2024
24 slides from Chalice Mining's conference presentation, Sep 17, 2024
Slide 1: The leading palladium-nickel-copper development project in the western world
The leading palladium- nickel-copper development project in the western world Gold Forum Americas SEPTEMBER 2024 ASX:CHN
Slide 2: Chalice Mining – a unique critical minerals explorer-developer, highly leveraged to palladium price recovery
Chalice Mining – a unique critical minerals explorer-developer, highly leveraged to palladium price recovery Tier 1 scale Resource in WA – the Gonneville Project • 100% ownership of one of the largest undeveloped PGE-Ni-Cu-Co (critical minerals) resources in the western world • 17Moz of Pd-Pt-Au (3E
Slide 3: Chalice is an ASX300 listed specialist critical minerals explorer-developer
Chalice is an ASX300 listed specialist critical minerals explorer-developer with a uniquely strong financial position and institutional register Major shareholders3 ASX:CHN 6-month performance Tim Goyder 2.00 1.80 11% Retail/Other 1.60 Institutional 1.40 Paradice (5%) 53% Goldman Sachs (5%) 1.20 36%
Slide 4: Why palladium and platinum? Los Angeles 1998
Why palladium and platinum? This was a common sight in the 90’s, prior to the adoption of catalytic converters Los Angeles 1998 ASX:CHN 4
Slide 5: Catalytic converters have driven a remarkable improvement in air quality
Palladium and platinum based catalytic converters have driven a remarkable improvement in air quality and health globally Los Angeles 2020 ASX:CHN 5
Slide 6: Why palladium? BEV adoption plateau and hybrid sales growing
Why palladium? Battery electric vehicle adoption has reached a plateau and hybrid EV sales are growing rapidly Battery electric vehicle (BEV) market share (China, US, Europe) ~0% • Western car manufacturers are scaling back their 17% 18% 17% 18% 19% 19% BEV growth ambitions, and scaling up hybrid 16
Slide 7: Why palladium? Supply concentrated in Russia and South Africa
Why palladium? Supply is concentrated in Russia and South Africa – supply risks are high, disruptions are common and recycling is subdued • Palladium production is dominated by ageing, deep, under-invested mining complexes in Russia and South Africa • Western mines are rapidly becoming uneconomic an
Slide 8: PGE prices are deep into the cost curve and unsustainable
PGE prices are deep into the cost curve and unsustainable – given strength of demand, pricing could revert to incentive levels in near term PGE industry all-in sustaining cost curve (cash costs plus sustaining CapEx), net of by-product credits, US$/oz 4E 2023A1 Quartile 1 Quartile 2 Quartile 3 Quart
Slide 9: Gonneville PGE-Ni-Cu-Co Project Overview
Gonneville PGE-Ni-Cu-Co Project Overview A new long-life, low-cost, low-carbon critical minerals project in Western Australia Strategic MOU in July 2024 with Mitsubishi Corporation Tier 1 development partner, intention to formalise a potential binding partnership post PFS1 Tier 1 scale sulphide Reso
Slide 10: Remodelling of Gonneville high-grade sulphide zones allows selective mining investigation
Remodelling of the Gonneville high-grade sulphide zones has allowed investigation of selective open-pit/underground mining techniques ASX:CHN 10
Slide 11: The rare, tier-1 scale Gonneville Resource has high-grade optionality
The rare, tier-1 scale Gonneville Resource has high-grade optionality and compelling growth potential High Grade Mineral Resource Estimate1: Gonneville NSR Grade-Tonnage table2 • 59Mt @ 2.0g/t 3E (Pd+Pt+Au), 0.20% Ni, NSR Cut- NSR Cut- Total Mass Grade off in-pit off in MSO 0.21% Cu, 0.019% Co A$/t
Slide 12: Starter project process flowsheet to target simple products
Starter project process flowsheet to target simple products with staging options being evaluated in the initial phase of the PFS Sizing Grinding Oxide feed Pd-Au Leach Crushing Grinding Copper Flotation Nickel Flotation Sulphide feed Offtake of doré to western precious metal refinery Future option H
Slide 13: Beyond Gonneville, >40 Cu-Au-Ag and Ni-Cu-PGE targets in the West Yilgarn Province
Beyond Gonneville, Chalice has defined >40 Cu-Au-Ag and Ni-Cu-PGE targets in the West Yilgarn Province – near-term focus is Cu-Au • ~1,200km long western margin of the Yilgarn craton largely covered by Chalice’s ~10,000km2 Narryer Project exploration licence holding WESTERN • Exciting new search spa
Slide 14: Exploration focus shifted to gold-copper targeting in early 2024
Exploration focus shifted to gold-copper targeting in early 2024, with exciting new targets defined • Exciting new large-scale gold targets at the 4,600km2 a a a a o ect e ecto Barrabarra Project nte ete geo og an soi h istmas it geochemist o e egiona T gga ing • Recherche West – 15km long gold-in-s
Slide 15: Recherche West and Warspite targets untested by drilling
The large-scale Recherche West and Warspite targets are completely untested by drilling and in favourable geological settings Initial ~7,000m AC drill program testing both large-scale targets to commence in Q4 CY2024 15
Slide 16: Chalice is fully funded to progress key development and exploration activities
Chalice is fully funded to progress key development and exploration activities, with ~A$111M in cash and listed investments Progress to date Status Forward Plan1 Status Gonneville discovery Gonneville metallurgical testwork and Ongoing Mar-20 flowsheet development Staking of West Yilgarn exploration
Slide 17: Summary: Key value drivers and upcoming catalysts
Summary Chalice holds the premier palladium-nickel-copper development project in the Key value drivers and upcoming catalysts western world 1. PGE price recovery driven by slowing BEV uptake and strong ICE/hybrid sales 2. PFS testwork – confirmation of metallurgical ha ice’s team has a t ac eco reco
Slide 18: Appendix
Appendix
Slide 19: Chalice's team has a track record of discovery and large-scale project development
Chalice’s team has a track record of discovery and large-scale project development Board of Directors Management Derek La Ferla, Non-Exec Chair Chris MacKinnon, CFO • Highly regarded ASX200 chair and company director with 30+ years • Qualified accountant and lawyer with 15+ years experience of exper
Slide 20: Higher-grade sulphide component of Gonneville Resource, 23 April 2024
Higher-grade sulphide component of Gonneville Resource (in pit and underground), 23 April 2024 Domain Cut-off NSR (A$/t) Classification Mass Grade Contained metal (Mt) Pd (g/t) Pt (g/t) Au (g/t) Ni (%) Cu (%) Co (%) Pd (Moz) Pt (Moz) Au (Moz) Ni (kt) Cu (kt) Co (kt) Measured 0.8 2.3 0.45 0.05 0.37 0
Slide 21: Gonneville Mineral Resource Estimate (JORC Code 2012), April 2024
Gonneville Mineral Resource Estimate (JORC Code 2012), 23 April 2024 Domain Cut-off NSR (A$/t) Classification Mass Grade Contained metal (Mt) Pd (g/t) Pt (g/t) Au (g/t) Ni (%) Cu (%) Co (%) Pd (Moz) Pt (Moz) Au (Moz) Ni (kt) Cu (kt) Co (kt) Measured - - - - - - - - - - - - - Indicated 7.0 1.9 - 0.05
Slide 22: Cautionary statements and competent person(s) disclosure
Cautionary statements and competent person(s) disclosure Authorisation Forward Looking Statements This Presentation has been authorised for release by the Disclosure Committee. This Presentation may contain forward-looking statements and forward information, (collectively, forward-looking statements
Slide 23: Cautionary statements and competent person(s) disclosure (cont'd.)
Cautionary statements and competent person(s) disclosure (cont’d.) Reliance on Third Party Information Production Targets and Forecast Financial Information The views expressed in this Presentation contain information that has been derived from third party sources that have The production targets an
Slide 24: Visit our website and sign up to receive our latest news
Visit our website and sign up to receive our latest news chalice-mining @ChaliceMining www.chalicemining.com Level 3, 46 Colin Street West Perth WA 6005, Australia +61 8 9322 3960 [email protected] ABN 47 1 16 648 956