CHALICE MINING LIMITED

CHALICE MINING LIMITED (ASX: CHN)

Chalice Mining Limited raises A$70 million through a private placement to major institutions and existing shareholders.
A Share Purchase Plan (SPP) is announced for eligible shareholders to raise up to A$10 million at the same offer price as the placement.
Funds will be used for exploration and pre-development activities at Julimar project and other ongoing exploration across the West Yilgarn Province.

2023-05-12 09:45:00

Recent exploration at the Hooley Prospect has identified additional PGE-dominated sulphide mineralization, approximately 5km north of the Gonneville Resource at the 100%-owned Julimar Ni-Cu-PGE Project.
Notable drill results include intersecting significant mineralized ultramafic-mafic intrusive rock types, suggesting a considerable size of the Julimar mineral system and potential for local high-grade zones.
Plans are underway for additional exploration drilling at Hooley and initial drilling at the Baudin-Jansz-Torres targets, with the program expected to commence in Q3 2023.

2023-05-03 09:22:00

Gonneville Resource increases by approximately 50% to 3Mt NiEq in the Julimar Ni-Cu-PGE Project.
Significant resource growth and upgrade in confidence provides a strong initial open-pit development option.
Recent metallurgical testing shows improved Pd recovery, resources remain open at depth with potential for further growth.

2023-03-28 09:03:00