Chalice Mining Limited · ASX:CHN
Chalice Mining — Bell Potter Unearthed Conference 2022
30 slides from Chalice Mining's conference presentation, Feb 9, 2022
Slide 1: Julimar – a world class Ni-Cu-PGE project in Western Australia
ASX: CHN | OTCQB: CGMLF Julimar – a world class Ni-Cu-PGE project in Western Australia Bell Potter Unearthed Conference 9 February 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 isolation as a JORC Code and that Chalice’s mineral resource estimates comply with the JORC Code. The requirements of JORC Co
Slide 3: A globally recognised specialist explorer and developer
• A tier-1 scale, pit constrained PGE-Ni-Cu-Co sulphide Resource3 at the Gonneville Deposit (9 Nov 21): 330Mt @ ~0.58% NiEq or ~1.6g/t PdEq for equivalent to ~1.9Mt NiEq or ~17Moz PdEq • One of the largest greenfield PGE-Ni-Cu-Co sulphide discoveries in recent history • Only 7% of >26km long Julimar
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: Chalice is building a world-class 'green metals' portfolio in Australia
Chalice is building a world-class ‘green metals’ portfolio in Australia 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). Also highly effective catalysts for use
Slide 6: Community and Environment
The Julimar Project has the potential to deliver significant economic benefits and Chalice is committed to strong environmental stewardship Strong environmental stewardship: Utilising low-impact drilling techniques (small footprint • Comprehensive program of baseline diamond rigs) in all vegetated e
Slide 7: 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 8: 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 9: 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 9
Slide 10: 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 Julimar Complex WA • Interpreted >26km long mafic- ultramafic intrusive complex Jansz & T
Slide 11: New zone of shallow high-grade mineralisation discovered south of Hartog AEM anomaly
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 • New shallow high-grade PGE-Ni-Cu-Co sulphide zone has no EM response • Hosted in
Slide 12: 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 Metal Expected Recovery (%) Rougher & Rougher & Crush & grind cleaner cleaner Copper
Slide 13: 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 • Many of the ‘giant’ Ni-Cu-PGE sulphide deposits such as Narryer Norilsk, Jinchuan, Thompson and Voisey’s Bay are located proximal to the margin of Archean age
Slide 14: Initial drilling at Hartog and Scoping Study represent significant upcoming milestones
Initial drilling at Hartog and Scoping Study for initial development at Gonneville represent significant upcoming milestones Q1 2022 Q2 Q3 Q4 Julimar Complex exploration Access approvals Initial diamond drilling at Hartog-Baudin targets 70+ holes Initial AC drilling at Jansz-Torres targets ~200+ hol
Slide 15: Growing organisational capability
Growing organisational capability Board of Directors Management Richard Hacker, CFO 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 management experience
Slide 16: Highlights
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 Well funded team with an excellent track record 1 As at 31 Dec 2021 16
Slide 17: Julimar Nickel-Copper-PGE Project – Appendix
Julimar Nickel- Copper-PGE Project Appendix
Slide 18: 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 https://inventum3d.com/c/chalicemining https://youtu.be/QRcnTSsG9Hs 18
Slide 19: 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 20: Higher-grade sulphide component of Gonneville Resource, 9 Nov 2021
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 21: 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 22: Gonneville Resource classification
Gonneville Resource classification 3D view (looking NE) of Gonneville Resource sulphide domains by classification 22
Slide 23: Hartog Target is the highest priority – first-ever drilling underway
Immediately north of Gonneville, the compelling Hartog Target is the highest priority – first-ever drilling underway 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 anomal
Slide 24: Palladium has surged with China 5/6 emissions standards and switch from Pt to Pd
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 25: The Chalice Story – Appendix
The Chalice Story Appendix
Slide 26: Corporate Snapshot
Corporate Snapshot 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$2.8Bn (@ A$7.79ps) OTCQB: CGMLF 48% Retail & HNWI Debt Cash2 Cash & Investments2 41% nil ~A$65M ~A$74M Institution
Slide 27: Chalice has been one of the standout performers in the sector
Chalice has been one of the standout performers in the sector, with a ~5,000% TSR since the Julimar discovery in March 2020 12.00 Inclusion in S&P/ASX200 ~1.9Mt NiEq or ~17Moz PdEq Maiden Resource at 10.00 Large EM-soil Julimar anomalies at Hartog 8.00 Inclusion in $30M placement at S&P/ASX300 $1.05
Slide 28: Company history since 2006 IPO
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 29: Sustainability, Generative Exploration, Project Definition
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 and investment wi
Slide 30: Contact details
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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