Chalice is a unique, well-funded exploration specialist with an unrivalled portfolio of district-scale, precious and base metals projects in premier terranes of Australia. In March 2020, Chalice made a globally significant, high-grade Platinum Group Element-Nickel-Copper-Cobalt discovery at the Julimar Project in Western Austalia.
The discovery was made with the very first drill hole on the Project - 19m @8.4g/t palladium, 2.6% nickel, 1.0% copper and 0.1% cobalt from 48m.
The 100% owned Project covers the ~26km long, unexplored Julimar Intrusive Complex, ~70km NE of Perth. The discovery is considered Australia's first major PGE discovery and has established the new West Yilgarn Nickel-Copper-PGE Province, along the western margin of the Yilgarn Craton.
Drilling at the ~1.6km x ~0.8km Gonneville Intrusion, at the southern-end of the Julimar Complex on private farmland has since outlined an exceptional scale mineral system, with a range of mineralisation styles. The Company is targeting a maiden Mineral Resource at Gonneville in mid-2021.
Chalice's portfolio also includes a number of generative exploration opportunities in premier terranes across Australia, including the >5,000km2 Pyramid Hill Gold Project in Victoria and the >1,800km2 Hawkstone Nickel-Copper-Cobalt Project in WA. Chalice has a strong track record of value creation in the mining industry, having generated over A$110 million from asset sales and returned over A$35 million to shareholders since 2006. The Company is well-funded, with a cash and investments balance of c. AUD$50 million (as at 30 September 2020).
Chalice's strategy is to make tier-1 scale discoveries (>US$1 billion NPV) in new mineral provinces, which is reflected in our targeted approach, high level of exploration expenditure and the depth of our technically minded, yet commercially driven team. The Company has a high profile Board led by industry veteran Tim Goyder and an experienced management team lead by Managing Director Alex Dorsch.