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Chalice Mining Limited (CHN) Report Analysis

Corporate Events

Neutral

Macquarie Group Limited, Critical Minerals Foru...

2022-06-17 09:35:00

Macquarie Group Limited, Critical Minerals Forum, Jun 27, 2022 through Jun 28, 2022. Venue: Macquarie Perth Office, Perth, Australia.

Neutral

Chalice Mining Limited Presents at Critical Min...

2022-06-17 09:35:00

Chalice Mining Limited Presents at Critical Minerals Forum, Jun-27-2022 . Venue: Macquarie Perth Office, Perth, Australia.

Neutral

Chalice Mining Limited Presents at RRS 2022 Gol...

2022-06-07 01:17:00

Chalice Mining Limited Presents at RRS 2022 Gold Coast Conference, Jun-07-2022 01:15 PM. Speakers: Alexander C. Dorsch, MD, CEO & Executive Director.

Neutral

Resources Rising Stars, RRS 2022 Gold Coast Con...

2022-06-07 00:33:00

Resources Rising Stars, RRS 2022 Gold Coast Conference, Jun 07, 2022 through Jun 08, 2022.

Negative

Chalice Mining Limited has completed a Follow-o...

2022-05-25 00:00:00

Chalice Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 100.000002 million. Security Name: Ordinary Shares S...

Negative

Chalice Mining Limited has filed a Follow-on Eq...

2022-05-24 00:00:00

Chalice Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 100.000002 million. Security Name: Ordinary Shares Secur...

Positive

Chalice Mining Limited Announces Julimar Explor...

2022-05-19 07:45:00

Chalice Mining Limited announced that it has now received the final outstanding approvals to conduct planned low-impact exploration drilling a...

Positive

Chalice Mining Limited Announces Exceptional Hi...

2022-05-01 22:26:00

Chalice Mining Limited provided an update on exploration activities at its 100%-owned Julimar Nickel-Copper-Platinum Group Element (PGE) Proje...

Positive

Chalice Mining Limited Announces the Government...

2021-12-29 02:16:00

Chalice Mining Limited announced that the Government of Western Australia has approved the Stage 2 Conservation Management Plan (CMP) for init...

Positive

Chalice Mining Limited (ASX:CHN) completed the ...

2021-12-15 00:00:00

Chalice Mining Limited (ASX:CHN) announced the spin-off of Pyramid Hill, Viking and Mt Jackson gold projects on September 30, 2021. Pursuant t...

Positive

Chalice Mining Limited Completes first Stage JV...

2021-12-05 21:32:00

Venture Minerals Limited (Company) announced that Chalice Mining Limited has completed the first stage of the JV with the Company on the South...

Positive

Chalice Mining Limited Reports Significant New ...

2021-12-01 21:21:00

Chalice Mining Limited reported a significant new discovery at its 100%-owned Julimar Nickel-Copper-Platinum Group Element (PGE) Project, loca...

Negative

Chalice Mining Limited Announces Stephen Quin C...

2021-11-25 00:54:00

Chalice Mining Limited announced that Stephen Quin ceased to be director of the company, the date of last notice is November 15, 2021.

Positive

Chalice Mining Limited Recommences EM survey on...

2021-11-10 21:48:00

Venture Minerals announced that Chalice Mining Limited has recommenced the ground EM program at Venture's South West Nickel-Copper-PGE Project...

Neutral

Chalice Mining Limited - Special Call

2021-11-08 22:32:00

To discuss its maiden mineral resource estimate for the Gonneville PGE-Ni-Cu-Co-Au deposit, located within the 100%-owned Julimar Project in W...

Positive

Chalice Mining Limited Reports Maiden Mineral R...

2021-11-08 22:27:00

Chalice Mining Limited report its maiden Mineral Resource Estimate (Resource) for the Gonneville Deposit (Deposit), the first discovery at its...

Neutral

Chalice Mining Limited - Special Call

2021-11-03 02:23:00

Chalice Mining Limited - Special Call

Neutral

Chalice Mining Limited, Special/Extraordinary S...

2021-11-03 02:15:00

Chalice Mining Limited, Special/Extraordinary Shareholders Meeting, Dec 03, 2021, at 10:00 W. Australia Standard Time. Location: Ground Floor ...

Positive

Currie Rose Resources Inc. (TSXV:CUI) intends t...

2021-10-28 00:00:00

Currie Rose Resources Inc. (TSXV:CUI) intends to acquire Advanced Vanadium Assets in Australia from Chalice Mining Limited (ASX:CHN) and Liont...

Neutral

Chalice Mining Limited - Shareholder/Analyst Call

2021-10-22 06:25:00

Annual General Meeting

Neutral

Chalice Mining Limited Presents at "BOOM IN A R...

2021-10-11 23:55:00

Chalice Mining Limited Presents at "BOOM IN A ROOM" INVESTOR CONFERENCE, Oct-14-2021 09:15 AM. Venue: RAC Arena, Perth, Western Australia, Aus...

Neutral

Resources Rising Stars, "BOOM in A ROOM" INVEST...

2021-10-11 21:20:00

Resources Rising Stars, "BOOM IN A ROOM" INVESTOR CONFERENCE, Oct 14, 2021 through Oct 15, 2021. Venue: RAC Arena, Perth, Western Australia, A...

Neutral

Paydirt Media Pty Ltd, Australian Nickel Confer...

2021-10-05 17:25:00

Paydirt Media Pty Ltd, Australian Nickel Conference, Oct 05, 2021. Venue: Pan Pacific Hotel, Perth, Australia.

Neutral

Chalice Mining Limited Presents at Australian N...

2021-10-05 17:25:00

Chalice Mining Limited Presents at Australian Nickel Conference, Oct-05-2021 10:35 AM. Venue: Pan Pacific Hotel, Perth, Australia. Speakers: A...

Negative

Chalice Mining Limited Announces Directorate Changes

2021-09-30 22:13:00

Chalice Mining Limited advised that the Company's long-serving Chairman and founder, Mr. Tim Goyder, has announced his intention to retire fro...

Positive

Chalice Mining Limited (ASX:CHN) announced the ...

2021-09-30 00:00:00

Chalice Mining Limited (ASX:CHN) announced the spin-off of Pyramid Hill, Viking and Mt Jackson gold projects on September 30, 2021. Pursuant t...

Positive

Chalice Mining Limited Announces to Report Sign...

2021-09-27 22:25:00

Chalice Mining Limited announced to report significant new drilling and metallurgical testwork results from ongoing exploration and evaluation...

Neutral

Chalice Mining Limited, Annual General Meeting,...

2021-09-24 06:55:00

Chalice Mining Limited, Annual General Meeting, Nov 24, 2021, at 09:00 W. Australia Standard Time. Location: Eucalypt Room, Level 2 Function F...

Neutral

Chalice Mining Limited Announces Change of Regi...

2021-09-22 09:15:00

Chalice Mining Limited announced that effective 27 September 2021, its registered office and principal place of business will change to: « Lev...

Negative

Chalice Mining Limited Announces Board Changes

2021-08-24 08:21:00

Chalice Mining Limited announce the appointment of highly experienced corporate lawyer and former senior Wesfarmers executive Linda Kenyon as ...

Positive

Chalice Mining Limited Report Significant New R...

2021-08-01 22:28:00

Chalice Mining Limited report significant new results from ongoing exploration and evaluation activities at its 100%-owned Julimar Nickel-Copp...

Negative

Chalice Announces Intention to Demerge Gold Assets

2021-07-12 14:04:00

Chalice Mining Limited (ASX:CHN) announced that it intends to pursue a demerger of its Australian gold assets, subject to shareholder and regu...

Neutral

Chalice Mining Limited - Special Call

2021-07-11 22:32:00

To discuss the proposed demerger and provide an update on exploration activities across the portfolio

Positive

Chalice Mining Limited Reports Significant Resu...

2021-07-11 22:32:00

Chalice Mining Limited reported significant results from the latest exploration program at its Pyramid Hill Gold Project, where it has continu...

Positive

Chalice Mining Limited Announces Update from Julimar

2021-07-01 22:18:00

Chalice Mining Limited announced update from Julimar. Further high-grade results received from the ongoing ~160,000m step-out and resource def...

Neutral

Chalice Mining Limited Presents at Diggers and ...

2021-06-30 19:09:00

Chalice Mining Limited Presents at Diggers and Dealers Mining Forum, Aug-03-2021 03:40 PM. Venue: Goldfields Arts Centre, Cheetham Street, Kal...

Neutral

Chalice Mining Limited Presents at Noosa Mining...

2021-06-30 18:19:00

Chalice Mining Limited Presents at Noosa Mining and Exploration Investor Conference, Jul-15-2021 03:15 PM. Venue: Peppers Noosa Resort, Noosa ...

Positive

Chalice Mining Limited Defines New EM Anomalies...

2021-06-29 23:45:00

Venture Minerals Limited announced hat Chalice Mining Limited has generated new EM anomalies from the early stages of the ground based moving ...

Neutral

Macquarie Group Limited, Critical Minerals Forum, Jun 27, 2022 through Jun 28, 2022

2022-06-17 09:35:00

Macquarie Group Limited, Critical Minerals Forum, Jun 27, 2022 through Jun 28, 2022. Venue: Macquarie Perth Office, Perth, Australia.

Neutral

Chalice Mining Limited Presents at Critical Minerals Forum, Jun-27-2022

2022-06-17 09:35:00

Chalice Mining Limited Presents at Critical Minerals Forum, Jun-27-2022 . Venue: Macquarie Perth Office, Perth, Australia.

Neutral

Chalice Mining Limited Presents at RRS 2022 Gold Coast Conference, Jun-07-2022 01:15 PM

2022-06-07 01:17:00

Chalice Mining Limited Presents at RRS 2022 Gold Coast Conference, Jun-07-2022 01:15 PM. Speakers: Alexander C. Dorsch, MD, CEO & Executive Director.

Neutral

Resources Rising Stars, RRS 2022 Gold Coast Conference, Jun 07, 2022 through Jun 08, 2022

2022-06-07 00:33:00

Resources Rising Stars, RRS 2022 Gold Coast Conference, Jun 07, 2022 through Jun 08, 2022.

Negative

Chalice Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 100.000002 million.

2022-05-25 00:00:00

Chalice Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 100.000002 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 16,666,667 Price\Range: AUD 6 Discount Per Security: AUD 0.21 Transaction Features: Subsequent Direct Listing

Negative

Chalice Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 100.000002 million.

2022-05-24 00:00:00

Chalice Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 100.000002 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 16,666,667 Price\Range: AUD 6 Discount Per Security: AUD 0.21 Transaction Features: Subsequent Direct Listing

Positive

Chalice Mining Limited Announces Julimar Exploration Access Update

2022-05-19 07:45:00

Chalice Mining Limited announced that it has now received the final outstanding approvals to conduct planned low-impact exploration drilling at the Hartog-Dampier targets within its 100%-owned Julimar Nickel-Copper-Platinum Group Element (PGE) Project in WA. Importantly, Chalice's drilling will not involve any mechanised clearing of vegetation and strict environmental management measures will be used to minimise impact to the environment, including the use of low-impact, small footprint diamond rigs and comprehensive flora, fauna and cultural heritage monitoring. These small drill rigs will navigate around trees and maximise the use of existing cleared areas in order to keep disturbance to a minimum. Drilling is expected to commence shortly at the high-priority targets at Hartog and Dampier, located to the north of the globally significant Gonneville PGE-Ni-Cu-Co-Au Deposit. A total of 70 drill sites are planned over the ~10km of Julimar Complex strike length. The drill program is designed to provide an initial test of the potential for green metals, including nickel, copper, cobalt, platinum and palladium, in the area. These metals are very rare, and are critical for decarbonising the global economy and addressing climate change through technologies such as renewables, electric vehicles, energy storage systems and green hydrogen.

Positive

Chalice Mining Limited Announces Exceptional High-Grade Extensional Results At Julimar

2022-05-01 22:26:00

Chalice Mining Limited provided an update on exploration activities at its 100%-owned Julimar Nickel-Copper-Platinum Group Element (PGE) Project, located ~70km north-east of Perth in Western Australia. Exploration activities are continuing across the >30km long Julimar Complex, with most activity currently focused on the Gonneville PGE-Ni-Cu-Co-Au Deposit at the southern end of the Complex (Gonneville Indicated and Inferred Mineral Resource Estimate of 330Mt @ 0.94g/t Pd+Pt+Au (3E), 0.16% Ni, 0.10% Cu, 0.016% Co. Initial early-stage exploration continues at the Hartog, Jansz and Torres targets to the north of Gonneville, however access for exploration remains restricted across large parts of the Complex. Five diamond rigs and one RC rig are currently continuing step-out, infill and metallurgical drilling at Gonneville. A combined total of 870 diamond and RC drill holes for 220,000m and 643 AC drill holes have been completed at the Project to date. New assay results have been received for 78 RC/diamond holes at Gonneville which were not included in the maiden Resource published in November 2021 and four complete and two partial diamond holes at Hartog. New assay results have been received for drilling targeting: Down-dip and down-plunge extensions of the high-grade G2 zone; Down-plunge extensions of the high-grade G4 zone; Infill of shallow (<250m deep) Resources currently classified as Inferred; Discrete geophysical targets east of Gonneville; and Lower-priority targets in the Hartog area. Drilling has extended the high-grade (>0.6% NiEq) sulphide zones beyond the Gonneville Resource pit shell. Importantly, sulphide mineralisation has now been extended up to 400m below the limit of the Gonneville Resource pit shell, which indicates the potential for material growth into a future underground resource category. Eight holes have been completed to date at lower priority targets (due to access constraints) within the 6.5km x 2.0km Hartog area immediately north of Gonneville, with assays pending for four holes. A total of 70 drill sites are planned to be tested across the Hartog-Dampier area with drilling expected to continue and accelerate over the coming months as the geological model continues to be refined and permits are obtained for off-track drilling locations. Assay results are pending for a further 55 completed drill holes at Gonneville and Hartog, with laboratory turnaround times currently averaging approximately eight weeks. A program of infill moving loop EM (MLEM) also continues across the Julimar Complex.

Positive

Chalice Mining Limited Announces the Government of Western Australia Approves the Stage 2 Conservation Management Plan for Initial Low-Impact Drilling At the Hartog and Baudin Targets At Julimar Ni-Cu-PGE Project, Western Australia

2021-12-29 02:16:00

Chalice Mining Limited announced that the Government of Western Australia has approved the Stage 2 Conservation Management Plan (CMP) for initial low-impact drilling at the Hartog and Baudin targets at its 100%- owned Julimar Ni-Cu-PGE Project, Western Australia. The CMP sets out strict environmental requirements governing initial low-impact drilling activity at the priority targets, located within the Julimar State Forest. No mechanised clearing of vegetation is required to access drill sites, and vegetation disturbance will be avoided where possible by using existing recreational tracks. Chalice has conducted extensive flora and fauna surveys covering an area of ~5,700ha to inform the Company's drilling program. A key condition of the CMP includes monitoring by qualified fauna observers throughout the program to ensure there is no direct impact to wildlife. Cultural heritage surveys and advice received from Yued and Whadjuk Traditional Owner groups have confirmed that no cultural heritage sites are affected by the drilling program. The drilling program is expected to have no impact on the ongoing recreational use of the forest.

Positive

Chalice Mining Limited (ASX:CHN) completed the acquisition of Falcon Metals Limited.

2021-12-15 00:00:00

Chalice Mining Limited (ASX:CHN) announced the spin-off of Pyramid Hill, Viking and Mt Jackson gold projects on September 30, 2021. Pursuant to the terms of the spin-off, Chalice Mining Limited shall spin-out Pyramid Hill, Viking and Mt Jackson gold projects into a new standalone, gold-focused ASX-listed exploration company called Falcon Metals Ltd (“Falcon”; proposed ASX code: FAL). Eligible Chalice Mining Limited shareholders are expected to receive 1 ordinary Falcon share for every 3.034 ordinary Chalice Mining Limited shares via an in-specie distribution. As part of the concurrent IPO, Falcon Metals Ltd is to raise a minimum of $15 million and up $30 million under a pro-rata priority offer to Chalice Mining Limited shareholders. As part of the transaction, a highly qualified Board and Management secured to lead Falcon Metals Ltd, including one of most decorated explorers in Australia, Mark Bennett, who has been appointed non-executive chair, whereas Tim Markwell will be appointed as Managing Director. Chalice Mining Limited’s Managing Director & Chief Executive Officer, Alex Dorsch will join the board of Falcon Metals Ltd as a Non-executive Director to ensure a smooth transition of the projects into the new standalone entity. These appointments will commence upon the receipt of conditional approval from the ASX for admission of Falcon Metals Ltd to the official list of the ASX. The transaction is subject to final board and shareholders’ approval of Chalice Mining Limited and regulatory approval. As of September 30, 2021, the notice of meeting and prospectus are currently being prepared. As of December 7, 2021, Falcon IPO received strong support from Chalice shareholders and new investors, with the Offers to raise up to a maximum of AUD 30 million closing oversubscribed. Subject to receiving ASX approval and satisfaction of other remaining conditions, Falcon Metals Limited is expected to commence trading on December 22, 2021 and will be removed from the S&P/ASX 200 effective prior to the open of trading on December 23, 2021. The demerger is expected to complete before the end of 2021. Chalice Mining Limited has appointed Bell Potter Securities Limited as financial advisor and HWL Ebsworth Lawyers as legal advisor. Computershare Investor Services Pty Limited acted as registrar to Falcon Metals Limited and Chalice Mining Limited. Chalice Mining Limited (ASX:CHN) completed the acquisition of Falcon Metals Limited on December 15, 2021. The in-specie distribution of Falcon Shares to eligible Chalice shareholders was completed on December 15, 2021. Falcon is expected to be admitted to the official list of ASX on December 20, 2021. Falcon shares are expected to commence trading on the ASX on December 22, 2021.

Positive

Chalice Mining Limited Completes first Stage JV on Julimar Lookalike Target

2021-12-05 21:32:00

Venture Minerals Limited (Company) announced that Chalice Mining Limited has completed the first stage of the JV with the Company on the South West Nickel-Copper-PGE Project by spending the minimum $300,000 on exploration by the 30 November 2021. The majority of the expenditure was focused on Venture's Thor Target, a 20km long, "Julimar lookalike" magnetic anomaly interpreted to be mafic-ultramafic intrusive complex, in which Chalice may earn up to 70% by spending $3.7 million on exploration over 4 years. Exploration activity during this first phase of the JV recently saw Chalice complete the ground EM program at Venture's South West Nickel-Copper-PGE Project. Chalice's geophysical survey focused on Venture's highly prospective Thor Target. Chalice's EM program is over the area where's Venture's previous airborne EM survey delineated 13 highly conductive anomalies within the southern 6.5km of the "Julimar lookalike" magnetic anomaly. Results of this work will be announced once Chalice's exploration team have received the final data and completed their interpretation of any resultant bedrock conductors, this is expected in early 2022. Chalice will follow-up any resultant bedrock conductors from the EM program with soil geochemistry to define potential drill-ready targets. Should Chalice elect to drill the targets it will need to spend $1.2 million by 29 July 2022 (including monies already spent) to earn 51% and a further $2.5 million to earn 70%. From the initial third of the planned EM Program. Chalice has already defined new EM anomalies of similar strength conductors to those that yielded wide and significant palladium intervals during the earlydrilling phase of the Julimar Ni-Cu-PGE discovery. In addition, one of the new EM anomalies is within 10 metres of a previously drilled hole TOR04 which intersected 86 metres of disseminated sulfides with anomalous levels of PGE mineralisation. The South West Project (256 km²) is located ~240 km south of Perth hosted within the Balingup Gneiss Complex. The two main prospects within the Project are Thor and Odin and both contain areas of potential Nickel-Copper-PGE prospectivity. Thor is a 20km long `Julimar lookalike' magnetic anomaly. associated with chromium rich rocks indicative of mafic-ultramafic intrusions. A recent airborne EM survey by Venture identified 13 highly conductive anomalies within the southern 6.5km of the regional magnetic feature, of which only two have been tested by single holes in Venture's 2018 maiden drill program, with the last drill hole (TOR05) intersecting 2.4m of Massive Sulfide averaging 0.5% Copper, 0.05% Nickel, 0.04% Cobalt and anomalous gold & palladium. At Odin, in the only hole drilled, Nickel and Copper sulfides were intersected within a highly prospective mafic- ultramafic unit that extends over 10 strike kilometres. This was further supported by surface sampling returning significant nickel and copper geochemical anomalies. South West Project Highlights: Thor has a 20km long `Julimar lookalike' magnetic anomaly associated with chromium rich rocks indicative of mafic-ultramafic intrusions; An airborne EM survey in 2018, identified 13 targets in the southern 6.5 km of the Thor magnetic anomaly; Maiden Drill Program at Thor intersected 2.4m of Massive Sulfide in TOR05 averaging 0.5% Cu, 0.05% Ni, 0.04% Co and anomalous Au & Pd; Maiden Drill Hole at Odin intersecting Ni and Cu sulfides within a highly prospective mafic-ultramafic unit that extends over 10 strike kilometres.

Positive

Chalice Mining Limited Reports Significant New Discovery at its 100%-Owned Julimar Nickel-Copper-Platinum Group Element Project

2021-12-01 21:21:00

Chalice Mining Limited reported a significant new discovery at its 100%-owned Julimar Nickel-Copper-Platinum Group Element (PGE) Project, located ~70km north-east of Perth in Western Australia. Forward plan: the company’s Julimar Project strategy is to concurrently advance studies for an initial mining development on private farmland and to define the full extent of mineralisation along the >26km long Julimar Complex. Ongoing and planned activities at Julimar include: Step-out drilling (farmland) Step-out diamond drilling on a nominal ~80m spacing is expected to continue until ~the first quarter of 2022, subject to results. Step-out drilling is targeting the extension of high-grade (>0.6 NiEq) zones. Infill drilling (farmland) The northern portion of the Gonneville Resource is currently classified as Inferred and additional infill drilling is targeting conversion of the shallow (<250m deep) portion into the higher-confidence Indicated category. Reconnaissance drilling at the Torres-Jansz and Baudin targets at the northern end of the Julimar Complex First-pass AC drilling on private farmland will commence in the coming weeks. Geotechnical, metallurgical, hydrogeological and infrastructure drilling (Gonneville) AC/RC/diamond drilling to support studies for Gonneville will commence once resource drilling is complete and will continue through the first quarter of 2022. Metallurgical testwork (Gonneville) ongoing testwork is now focused on optimisation of disseminated sulphide performance and continuing leach testwork on oxide composites. Investigation into further bulk concentrate enrichment alternatives has commenced for the disseminated sulphide mineralisation as part of the recent $2.9 million grant from the Australian Government's Co-operative Research Centre Projects (CRC-P) Program. Initial waste rock and tailings characterisation testwork continues. Studies (Gonneville) Work is underway to support studies for the project, which will assess potential mine development scenarios for the Gonneville Deposit. The company anticipates that a Scoping Study for the initial stage of development at Gonneville will be completed in the second quarter of 2022. Low-impact reconnaissance drilling at the Hartog-Baudin Targets within the Julimar State Forest First-pass low-impact drilling utilising small track-mounted diamond rigs is planned to commence immediately upon obtaining access and permitting approvals, which is expected shortly. A total of ~70 drill sites are planned across the ~10km strike length, with the ability to drill multiple angled holes at each site. No mechanised vegetation clearance is required to complete this first pass of drilling.

Negative

Chalice Mining Limited Announces Stephen Quin Ceased to Be Director

2021-11-25 00:54:00

Chalice Mining Limited announced that Stephen Quin ceased to be director of the company, the date of last notice is November 15, 2021.

Positive

Chalice Mining Limited Recommences EM survey on `Julimar lookalike' Target at Venture's South West Nickel-Copper-PGE Project

2021-11-10 21:48:00

Venture Minerals announced that Chalice Mining Limited has recommenced the ground EM program at Venture's South West Nickel-Copper-PGE Project (located within Chalice's interpreted highly prospective West Yilgarn Nickel-Copper-PGE Province) which started in late April 2021 and was put on hold in June due to wet weather. Chalice's geophysical survey is part of the first stage of the JV earn-in focused on Venture's Thor Target, a 20km long, "Julimar lookalike" magnetic anomaly interpreted to be mafic-ultramafic intrusive complex, in which Chalice may earn up to 70% by spending $3.7 million on exploration over 4 years. The remainder of Chalice's EM program (which will be fixed-loop EM surveying due to the difficult nature of the terrain) is over the area where Venture's airborne EM survey delineated 13 highly conductive anomalies within the southern 6.5km of the "Julimar lookalike" magnetic anomaly. Chalice will follow-up any resultant bedrock conductors from the EM program with soil geochemistry to define potential drill-ready targets. Should Chalice elect to drill the targets it will need to spend $1.2 million by 29 July 2022 (including $300k by the end of November 2021) to earn 51% and a further $2.5 million to earn 70% in Venture's South West Nickel-Copper-PGE Project. From the initial third of the planned EM Program Chalice has already defined new EM anomalies of similar strength conductors to those that yielded wide and significant palladium intervals during the early drilling phase of the Julimar Ni-Cu-PGE discovery. In addition, one of the new EM anomalies is within 10 metres of a previously drilled hole TOR04 which intersected 86 metres of disseminated sulfides with anomalous levels of PGE mineralisation. The South West Project (256 km²) is located 240 km south of Perth hosted within the Balingup Gneiss Complex. The two main prospects within the Project are Thor and Odin and both contain areas of potential Nickel-Copper-PGE prospectivity. Thor is a 20km long `Julimar lookalike' (as defined by Chalice) magnetic anomaly associated with chromium rich rocks indicative of mafic-ultramafic intrusions. A recent airborne EM survey by Venture identified 13 highly conductive anomalies within the southern 6.5km of the regional magnetic feature, of which only two have been tested by single holes in Venture's 2018 maiden drill program. The last hole drilled at Thor (TOR05) intersected 2.4m of Massive Sulfide averaging 0.5% Copper, 0.05% Nickel, 0.04% Cobalt and anomalous gold & palladium. At Odin, in the only hole drilled, Nickel and Copper sulfides were intersected within a highly prospective mafic- ultramafic unit that extends over 10 strike kilometres. This was further supported by surface sampling returning significant nickel and copper geochemical anomalies.

Neutral

Chalice Mining Limited - Special Call

2021-11-08 22:32:00

To discuss its maiden mineral resource estimate for the Gonneville PGE-Ni-Cu-Co-Au deposit, located within the 100%-owned Julimar Project in Western Australia

Positive

Chalice Mining Limited Reports Maiden Mineral Resource Estimate for the Gonneville Deposit, the First Discovery at its 100%-Owned Julimar Nickel-Copper-Platinum Group Element (PGE) Project

2021-11-08 22:27:00

Chalice Mining Limited report its maiden Mineral Resource Estimate (Resource) for the Gonneville Deposit (Deposit), the first discovery at its 100%-owned Julimar Nickel-Copper-Platinum Group Element (PGE) Project, located ~70km north-east of Perth in Western Australia. The Company has defined a tier-1 scale, pit-constrained maiden Resource for Gonneville on Chalice- owned farmland, which includes a mix of oxide, transitional and sulphide mineralisation. The sulphide mineralisation is reported at two different cut-off grades in order to highlight the scale and development optionality the Deposit affords. The robust nature of the Resource is demonstrated by the relatively flat grade-tonnage curves, which highlight the significant quantity of sulphide mineralisation at higher cut-off grades. The significant high-grade component of the Resource provides excellent optionality for any future development, could potentially materially improve project economics in the initial years of operation and will be a key focus of the project Scoping Study, which is currently in progress. Note, the grade-tonnage curves for the Resource include material classified as Inferred, where data are insufficient to allow the geological grade and continuity to be confidently interpreted. Drilling is continuing at the ~1.9km x 0.9km Deposit outside the maiden Resource, with assays pending for ~160 drill holes and five rigs continuing to test for extensions of high-grade mineralisation. Gonneville remains open at the Julimar State Forest boundary to the north, where approval to drill over a further ~10km of strike length is anticipated to be received shortly. The Deposit also remains open beyond a depth of ~630m. The completion of the maiden Resource is a significant milestone for the Julimar Project and provides a strong foundation for the ongoing Scoping Study, which is scoping the initial mine development options at Gonneville, and is expected to be completed in second quarter2022. The 100%-owned Julimar Nickel-Copper-PGE Project is located ~70km north-east of Perth in Western Australia. The greenfield Project was staked in early 2018 as part of Chalice's global search for high- potential nickel sulphide exploration opportunities. Maiden Indicated and Inferred, pit constrained, mineral resource estimate (Resource) defined for the Gonneville PGE-Ni-Cu-Co-Au deposit (Deposit), located on Chalice-owned farmland within the 100%-owned Julimar Project, ~70km NE of Perth, WA: 330Mt @ 0.94g/t 3E1, 0.16% Ni, 0.10% Cu, 0.016% Co (~0.58% NiEq2 or ~1.6g/t PdEq3); Containing 10Moz 3E, 530kt Ni, 330kt Cu, 53kt Co (~1.9Mt NiEq or ~17Moz PdEq); 150Mt (45%) is within the Indicated category (55% within the Inferred category); Resource is constrained within a pit shell and reported above a 0.4% NiEq cut-off grade (sulphide) and 0.9g/t Pd cut-off grade (oxide). The pit-constrained Resource includes a significant higher-grade sulphide component above a 0.6% NiEq cut-off grade, starting from a depth of ~30m: 74Mt @ 1.8g/t 3E, 0.22% Ni, 0.21% Cu, 0.021% Co (~1.0% NiEq or ~2.8g/t PdEq); Containing 4.2Moz 3E, 160kt Ni, 150kt Cu, 15kt Co (~760kt NiEq or ~6.6Moz PdEq); This higher-grade component affords the project significant optionality in development and could potentially materially enhance project economics in the initial years of operations. Gonneville is already the largest nickel sulphide discovery worldwide since 20004 (>20 years), and the largest PGE discovery in Australian history. The Deposit remains open to the north and at depth, demonstrating the potential for material growth with ongoing drilling. High-grade mineralisation begins at surface and has already been intersected ~60m below the limit of the Resource pit; Wide-spaced extensional drilling is continuing down-plunge, with >1,000m of potential plunge extent yet to be fully tested on Chalice-owned farmland. The maiden Resource, which is interpreted to cover just ~7% of the 26km long Julimar Complex, confirms the world-class nature of the Julimar Project, and demonstrates the potential for the project to become a strategic, long-life `green metals' asset.

Neutral

Chalice Mining Limited - Special Call

2021-11-03 02:23:00

Chalice Mining Limited - Special Call

Neutral

Chalice Mining Limited, Special/Extraordinary Shareholders Meeting, Dec 03, 2021

2021-11-03 02:15:00

Chalice Mining Limited, Special/Extraordinary Shareholders Meeting, Dec 03, 2021, at 10:00 W. Australia Standard Time. Location: Ground Floor - Auditorium Room 2 Tower 2, Brookfield Place, 123 St Georges Terrace Perth Western Australia Australia Agenda: To consider the approval of capital reduction and in-specie distribution of shares.

Positive

Currie Rose Resources Inc. (TSXV:CUI) intends to acquire Advanced Vanadium Assets in Australia from Chalice Mining Limited (ASX:CHN) and Liontown Resources Limited (ASX:LTR).

2021-10-28 00:00:00

Currie Rose Resources Inc. (TSXV:CUI) intends to acquire Advanced Vanadium Assets in Australia from Chalice Mining Limited (ASX:CHN) and Liontown Resources Limited (ASX:LTR) on October 28, 2021. On completion of all approvals, Currie Rose will have two ASX listed companies as equal majority shareholders as Chalice Mining Limited and Liontown Resources Limited.

Neutral

Chalice Mining Limited - Shareholder/Analyst Call

2021-10-22 06:25:00

Annual General Meeting

Neutral

Chalice Mining Limited Presents at "BOOM IN A ROOM" INVESTOR CONFERENCE, Oct-14-2021 09:15 AM

2021-10-11 23:55:00

Chalice Mining Limited Presents at "BOOM IN A ROOM" INVESTOR CONFERENCE, Oct-14-2021 09:15 AM. Venue: RAC Arena, Perth, Western Australia, Australia. Speakers: Alexander C. Dorsch, MD, CEO & Executive Director.

Neutral

Resources Rising Stars, "BOOM in A ROOM" INVESTOR CONFERENCE, Oct 14, 2021 through Oct 15, 2021

2021-10-11 21:20:00

Resources Rising Stars, "BOOM IN A ROOM" INVESTOR CONFERENCE, Oct 14, 2021 through Oct 15, 2021. Venue: RAC Arena, Perth, Western Australia, Australia.

Neutral

Paydirt Media Pty Ltd, Australian Nickel Conference, Oct 05, 2021

2021-10-05 17:25:00

Paydirt Media Pty Ltd, Australian Nickel Conference, Oct 05, 2021. Venue: Pan Pacific Hotel, Perth, Australia.

Neutral

Chalice Mining Limited Presents at Australian Nickel Conference, Oct-05-2021 10:35 AM

2021-10-05 17:25:00

Chalice Mining Limited Presents at Australian Nickel Conference, Oct-05-2021 10:35 AM. Venue: Pan Pacific Hotel, Perth, Australia. Speakers: Alexander C. Dorsch, MD, CEO & Executive Director.

Negative

Chalice Mining Limited Announces Directorate Changes

2021-09-30 22:13:00

Chalice Mining Limited advised that the Company's long-serving Chairman and founder, Mr. Tim Goyder, has announced his intention to retire from the Board at the upcoming Annual General Meeting ("AGM") in November 2021. Mr. Goyder has agreed to continue to consult to the Company in a part-time advisory capacity until the end of June 2022, to ensure the Company continues to have the benefit of his input. Following a comprehensive search for a new Independent Non-Executive Chair, the company to announce the appointment of Mr. Derek La Ferla as an Independent Non-Executive Director, effective 1 October 2021. Mr. La Ferla will seek re-election at the upcoming AGM, and subject to being re-elected, will be appointed Chair effective from the close of the AGM.

Positive

Chalice Mining Limited (ASX:CHN) announced the spin-off of Pyramid Hill, Viking and Mt Jackson gold projects.

2021-09-30 00:00:00

Chalice Mining Limited (ASX:CHN) announced the spin-off of Pyramid Hill, Viking and Mt Jackson gold projects on September 30, 2021. Pursuant to the terms of the spin-off, Chalice Mining Limited shall spin-out Pyramid Hill, Viking and Mt Jackson gold projects into a new standalone, gold-focused ASX-listed exploration company called Falcon Metals Ltd (“Falcon”; proposed ASX code: FAL). Eligible Chalice Mining Limited shareholders are expected to receive 1 ordinary Falcon share for every 3.034 ordinary Chalice Mining Limited shares via an in-specie distribution. As part of the concurrent IPO, Falcon Metals Ltd is to raise a minimum of $15 million and up $30 million under a pro-rata priority offer to Chalice Mining Limited shareholders. As part of the transaction, a highly qualified Board and Management secured to lead Falcon Metals Ltd, including one of most decorated explorers in Australia, Mark Bennett, who has been appointed non-executive chair, whereas Tim Markwell will be appointed as Managing Director. Chalice Mining Limited’s Managing Director & Chief Executive Officer, Alex Dorsch will join the board of Falcon Metals Ltd as a Non-executive Director to ensure a smooth transition of the projects into the new standalone entity. These appointments will commence upon the receipt of conditional approval from the ASX for admission of Falcon Metals Ltd to the official list of the ASX. The transaction is subject to final board and shareholders’ approval of Chalice Mining Limited and regulatory approval. As of September 30, 2021, the notice of meeting and prospectus are currently being prepared. As of December 7, 2021, Falcon IPO received strong support from Chalice shareholders and new investors, with the Offers to raise up to a maximum of AUD 30 million closing oversubscribed. Subject to receiving ASX approval and satisfaction of other remaining conditions, Falcon Metals Limited is expected to commence trading on December 22, 2021 and will be removed from the S&P/ASX 200 effective prior to the open of trading on December 23, 2021. The demerger is expected to complete before the end of 2021. Chalice Mining Limited has appointed Bell Potter Securities Limited as financial advisor and HWL Ebsworth Lawyers as legal advisor. Computershare Investor Services Pty Limited acted as registrar to Falcon Metals Limited and Chalice Mining Limited.

Positive

Chalice Mining Limited Announces to Report Significant New Drilling and Metallurgical Testwork Results from Ongoing Exploration and Evaluation Activities At Its 100%-Owned Julimar Nickel-Copper-Platinum Group Element

2021-09-27 22:25:00

Chalice Mining Limited announced to report significant new drilling and metallurgical testwork results from ongoing exploration and evaluation activities at its 100%-owned Julimar Nickel-Copper-Platinum Group Element (PGE) Project, located 70km north-east of Perth in Western Australia. The step-out and resource definition drill program at the >1.9km x 0.9km Gonneville Deposit is continuing with six rigs. A total of 160 diamond drill holes and 420 RC drill holes (including RC pre-collars with diamond tails) for 155,000m have been completed to date at the Project. Assay results have now been reported for 132 diamond and 365 RC holes (including RC pre-collars with diamond tails). New results have been received for drilling targeting: The high-grade G4, G6, G7 and G11 zones at the eastern (footwall) contact between the Gonneville Intrusion and surrounding meta-sediments; Infill and down-dip extensions to the high-grade G1-G9 zones; and, The non-magnetic pyroxenite and leucogabbro-rich north-western part of the Gonneville Intrusion. Within the 113 new drill holes reported in this announcement, there are: 282 mineralised intervals (>4m width and >0.3g/t Pd cut-off grade); 216 high-grade Pd +/- Pt-Au-Ni-Cu-Co mineralised intervals (>2m width and >1g/t Pd cut-off grade), including: 52 high-grade Pd-Ni-Cu +/- Pt-Au-Co intervals (>2m width, >1g/t Pd and >0.5% Ni+Cu cut-off grade). All released assay results have now been finalised and provided to CSA Global, who are completing the maiden Mineral Resource Estimate (MRE) and a pit-shell optimisation study for MRE reporting purposes. The maiden MRE is expected to be released in mid fourth quarter 2021. Assay results are pending for a further 85 completed drill holes, with lab turnaround times currently averaging around four weeks. In addition to ongoing resource definition drilling, the Company has advanced metallurgical testwork on both the sulphide and oxide mineralisation at Gonneville. Further results have been received from locked cycle flotation testwork on high-grade and disseminated sulphide composites as well as from leach testwork on oxide composites. Dieback and confirmatory Spring flora surveys have been completed across the Hartog-Baudin Targets in the Julimar State Forest. Results have informed final environmental management requirements for drilling and have not resulted in any significant changes to the planned drilling program. Cultural heritage surveys commenced in early September at the Hartog-Baudin Targets and are expected to be completed in early October. The final Conservation Management Plan (Stage 2 CMP) for initial drilling at the Hartog-Baudin Targets was submitted in early September after extensive consultation. The Stage 2 CMP outlines the environmental protocols for the low-impact drilling program, which does not require any mechanized vegetation clearance. The Company is currently finalising its Environmental Management Plans, which are designed to minimise any significant impacts from drilling, ahead of expected endorsement by the Department and approval to access the Julimar State Forest in the coming weeks.

Neutral

Chalice Mining Limited, Annual General Meeting, Nov 24, 2021

2021-09-24 06:55:00

Chalice Mining Limited, Annual General Meeting, Nov 24, 2021, at 09:00 W. Australia Standard Time. Location: Eucalypt Room, Level 2 Function Floor The Westin Hotel, 480 Hay Street, Perth, Western Australia Perth Australia Agenda: To consider the Annual Report of the Company and its controlled entities for the financial year ended 30 June 2021, which includes the Financial Report, the Directors Report and the Auditor's Report; to consider remuneration report; to consider board changes; to consider approval to increase Non-Executive Directors remuneration; to consider approval of issue of Performance Rights to Alex Dorsch; to consider approval of issue of Options to Stephen McIntosh; and to consider other matters.

Neutral

Chalice Mining Limited Announces Change of Registered Office and Principal Place of Business

2021-09-22 09:15:00

Chalice Mining Limited announced that effective 27 September 2021, its registered office and principal place of business will change to: « Level 3, 46 Colin Street, West Perth Western Australia 6005 The postal address has changed to: Level 3, 46 Colin Street, West Perth Western Australia 6005.

Negative

Chalice Mining Limited Announces Board Changes

2021-08-24 08:21:00

Chalice Mining Limited announce the appointment of highly experienced corporate lawyer and former senior Wesfarmers executive Linda Kenyon as an Independent Non-Executive Director. Chalice also announces that Canadian based, Independent Non-Executive Director, Mr. Stephen Quin has advised of his intention to step down from the Board at the upcoming Annual General Meeting in November. With an exceptional career spanning more than 32 years at Wesfarmers Limited, Ms Kenyon was a member of the Wesfarmers Executive Leadership Team and acted as Company Secretary for 17years. As a result of the appointment, the Chalice Board will comprise five independent Non-Executive Directors. Ms Kenyon will join Chalice's Risk and Sustainability Committee.

Positive

Chalice Mining Limited Report Significant New Results from Ongoing Exploration and Evaluation Activities at Its 100%-Owned Julimar Nickel-Copper-Platinum Group Element Project

2021-08-01 22:28:00

Chalice Mining Limited report significant new results from ongoing exploration and evaluation activities at its 100%-owned Julimar Nickel-Copper-Platinum Group Element (PGE) Project, located ~70km north-east of Perth in Western Australia. The step-out and resource definition drill program at the ~1.8km x 0.9km Gonneville Intrusion is continuing, with over 136,000m of drilling completed to date and a significant number of assay results pending. The COVID-19 pandemic and associated travel restrictions have resulted in minor delays in drilling progress. Additional diamond drill rigs are currently being sourced and are expected on site in the coming weeks. Results have now been received for drilling targeting: The northern and down-dip extensions to the high-grade G1-G9 zones; Infill of the high-grade G1-G9 zones on a nominal 40m x 40m spaced grid and of the northern extensions of the G11 zone on a nominal 40m x 80m spaced grid; The non-magnetic pyroxenite-rich north-western part of the Gonneville Intrusion (initial wide- spaced lines on a nominal ~80m x 160m spaced grid); A total of 131 diamond drill holes and 372 RC drill holes (including RC pre-collars with diamond tails) have been completed to date at the project (~136,000m), of which assay results have now been reported for 88 diamond and 300 RC holes (including RC pre-collars with diamond tails). Assay results are pending for a further 116 completed drill holes, with lab turnaround times currently averaging approximately seven weeks. The current geological interpretation indicates the G8 and G9 zones have been extended significantly along strike to the north-east, while a new high-grade zone (G12) has been defined at the north-western hanging wall contact of Gonneville. Infill drilling has confirmed that the G5 zone merges with the G2 zone at the northern end, and step- out drilling has closed off the G7 and G10 zones. Importantly, infill drilling continues to support the geological interpretation and in selected cases defines new mineralised zones not seen in wide- spaced drilling.

Negative

Chalice Announces Intention to Demerge Gold Assets

2021-07-12 14:04:00

Chalice Mining Limited (ASX:CHN) announced that it intends to pursue a demerger of its Australian gold assets, subject to shareholder and regulatory approvals. The decision follows a strategic review of Chalice's portfolio which concluded that a demerger of the Company's gold projects (including the district-scale, 100%-owned Pyramid Hill Gold Project in Victoria) is the optimal structure to maximise value for our shareholders. A demerger would also allow Chalice to focus on its world-class Julimar Ni-Cu-PGE Project and the new West Yilgarn Ni-Cu-PGE Province in Western Australia. A demerger would aim to deliver Chalice shareholders a standalone, listed, Australian gold-focused exploration company with a strong balance sheet to target tier-1 gold discoveries in Victoria and WA. The demerged entity would hold the largest land position (>5,000km2) in the Bendigo Zone of Victoria, which hosts Kirkland Lake Gold's (NYSE /TSX: KL | ASX: KLA) world-class Fosterville Gold Mine (9Moz Au endowment) and the historic Bendigo Goldfield (>22Moz Au endowment). The entity's portfolio would be further enhanced by Chalice's other high-potential gold projects, including the highly prospective Viking Project in WA (where Chalice is earning up to a 70% JV interest). Key advisors have been engaged to commence preparations on the proposed demerger. The potential transaction structure will be finalised subject to receiving legal, financial and taxation advice, and communication with regulatory authorities. The potential transaction is subject to obtaining all necessary shareholder and regulatory approvals. The Company will provide further details in the coming months as these matters are progressed.

Neutral

Chalice Mining Limited - Special Call

2021-07-11 22:32:00

To discuss the proposed demerger and provide an update on exploration activities across the portfolio

Positive

Chalice Mining Limited Reports Significant Results from the Latest Exploration Program at its Pyramid Hill Gold Project

2021-07-11 22:32:00

Chalice Mining Limited reported significant results from the latest exploration program at its Pyramid Hill Gold Project, where it has continued systematic exploration drilling activities throughout the 2020-2021 field season. A total of 21 diamond holes for 7,300m and 1,120 AC holes for 117,000m have been completed across this exciting greenfield project since its initial staking in late 2017. A second phase of diamond drilling was completed during the recent field season at the Karri Prospect (11 holes for 3,840m), which intersected several high-grade gold zones in highly prospective, tightly folded, Castlemaine Group stratigraphy, under 50-70m of Murray Basin cover. A second phase of AC drilling was also completed at the Ironbark Prospect and an initial phase of reconnaissance AC drilling was completed on new target areas at the southern end of the Muckleford area (NW of Bendigo/Fosterville) and at the western end of the Mt William area (NE of Fosterville). Several highly encouraging shallow primary gold zones were intersected at Ironbark and several new prospects have been defined in the Muckleford area. Karri Prospect: The Phase 2 diamond drill program at the Karri prospect (11 holes for 3,840m) has identified multiple gold zones in highly prospective, tightly folded, Castlemaine Group stratigraphy. This geological unit hosts >60Moz of high-grade historical gold production from the outcropping areas of the Bendigo Zone to the south of the Project. Drilling was designed to provide broad geological coverage along a >4km long gold trend outlined from shallow AC drilling under Murray Basin cover (Figure 1). Several high-grade gold zones wereintersected over >2.5km of strike length, with significant new drill intersections including: 5.1m @ 14.0g/t Au from 100.9m incl. 2.2m @ 32.2g/t Au (PHDH015) - 6.0m @ 2.1g/t Au from 261m incl. 1m @ 11.8g/t Au (PHDH019) - 8.0m @ 1.1g/t Au from 202m (PHDH015) - 20m @ 0.6g/t Au from 193m incl. 3m @ 1.7g/t Au (PHDH017). Gold mineralisation is associated with zones of elevated arsenic (arsenopyrite) which occurs in both quartz sulphide veins and as sulphide stringers. Distal ferroan carbonate is located peripheral to mineralised zones within bedding and cleavage planes, a well-documented alteration mineral in larger orogenic gold systems in Victoria.Detailed geological logging and orientated drill core has been used to develop an initial 3D structural and stratigraphic model to assist with defining potential plunge orientations to the mineralised gold zones. Stratigraphic and structural correlation across the prospect has defined four major upright anticlinal fold hinges which show a consistent ~15° southerly plunge. The identification of a plunge orientation at Karri is an important step in understanding the structural setting, as many orogenic gold deposits display a preferential alignment of gold shoots/zones along a preferred plunge orientation. Ironbark Prospect: Infill AC drilling at Ironbark North was completed over the eastern diorite contact and across a new target at Ironbark East. All target areas and significant gold intervals are proximal to diorite intrusive contacts against strongly hornfelsed and/or bleached Castlemaine Group sediments. The diorites have intruded into the Castlemaine Group sediments prior to the gold mineralisation event as both rock-types are cut by gold-bearing structures/veins. These geological relationships are consistent with those recorded in the Walhalla-Woods Point Goldfields in the Melbourne Zone (e.g., Cohen's Reef 1.5Moz Au @ 32.2g/t Au) but have not previously been recognised in the Bendigo Zone. The diorites are interpreted to have been emplaced along the same host structures to the later mineralising gold fluids and hence provide direct targets for exploration. Ironbark North Diorite: At Ironbark North, the eastern diorite contact gold intercepts are coincident with strong antimony (stibnite) and arsenic (arsenopyrite) with grades up to 1,585ppm Sb and 5,280ppm As respectively. Significant new drill intersections include: 20m @ 0.64g/t Au from 104m incl. 8m @ 1.39g/t Au (PA923) - 6m @ 3.84g/t Au from 56m (PA943) - 7m @ 0.59g/t Au from 99m to EOH (PA935). The gold mineralisation is associated with quartz veining and small-scale sulphide stringers and/or disseminations throughout the host rock. One diamond hole (PHDH009) tested the eastern contact at depth and returned elevated gold, arsenic and antimony (5m @ 0.68g/t Au, 1,984ppm As, 411ppm Sb). Ironbark North is a priority target for additional step-out diamond drilling along strike. Ironbark East Diorite: Gold mineralisation at Ironbark East is associated with strongly bleached Castlemaine Group: sandstone (PA918) and deeply weathered diorite (PA953). Significant new drill intersections: include: 29m @ 0.82g/t Au from 97m incl. 13m @ 1.52g/t Au to EOH (PA953) - 9m @ 0.91g/t Au from 61m (PA918). Gold mineralisation in PA953 (13m @ 1.52g/t Au) is coincidental with strong arsenic (up to 2,000ppm) and the zone remains open at the end of hole (EOH). Ironbark East is a priority target for infill and extension AC drilling prior to first pass diamond drilling. Targeting and drilling approach: 10 regionally spaced (3-10km) AC lines totalling 155 holes for 16,024m were drilled in the southern end of the Muckleford area as a first-pass drill test of the area. Drill spacing was designed to screen a large area of ground quickly in search of potential large-scale gold systems. The first-pass drilling identified two new areas of significant gold anomalism at the newly named Banksia and Wandoo prospects. These new prospects remain at an early stage of exploration and require a considerable amount of follow-up drilling to define the extent of gold anomalism discovered to date. Banksia Prospect: Four very wide-spaced first-pass AC drill lines were completed in the southern Muckleford area, returning significant results from both transported alluvial gravels and Castlemaine Group basement. Gold within transported quartz gravels was defined over an inferred 10km strike length, with significant results including: 4m @ 2.39g/t Au (PA861) - 10m @ 1.99g/t Au (PA817) - 16m @ 0.36g/t Au incl. 2m @ 1.17g/t (PA866) - Selected intersections were re-sampled at 1m intervals and assayed by 50g fire assay (in addition to the original 25g aqua regia assays). Some variability exists between the aqua regia and fire assay results which is likely attributed to the re-sampling of the intervals within a nuggetty (alluvial/placer) gold environment. Comparative assay results are shown in the appendices. Many historical goldfields in Victoria have a significant alluvial/placer gold component, which commonly occurs proximal to underlying primary gold lodes. The relevant contribution of production.

Positive

Chalice Mining Limited Announces Update from Julimar

2021-07-01 22:18:00

Chalice Mining Limited announced update from Julimar. Further high-grade results received from the ongoing ~160,000m step-out and resource definition drill program at the ~1.8km x 0.9km Gonneville Intrusion, with seven rigs currently on site. Infill drilling across multiple high-grade zones continues to support the geological model and continuity of mineralisation, with significant results including: 25m @ 3.0g/t Pd, 1.4g/t Pt, 0.2g/t Au, 0.3% Ni, 0.3% Cu, 0.03% Co from 0m (JRC222) - oxide; 14m @ 4.2g/t Pd, 1.1g/t Pt, 0.2g/t Au, 0.5% Ni, 0.8% Cu, 0.03% Co from 85m (JRC228) - G11; 23m @ 1.9g/t Pd, 0.5g/t Pt, 0.2% Ni, 0.3% Cu, 0.06% Co from 4m (JRC217) - oxide; 19m @ 2.2g/t Pd, 0.6g/t Pt, 0.1g/t Au, 0.1% Ni, 0.2% Cu, 0.14% Co from 10m (JRC225) - oxide; 7.1m @ 7.7g/t Pd, 1.4g/t Pt, 0.4g/t Au, 0.2% Ni, 0.1% Cu from 66.9m (JD045) - G11; 14m @ 1.6g/t Pd, 0.3g/t Pt, 0.5% Ni, 0.3% Cu, 0.06% Co from 214m (JRC216) - G2; 4m @ 11.7g/t Pd, 2.7g/t Pt, 0.2g/t Au, 0.5% Ni, 0.2% Cu, 0.04% Co from 36m (JD046) - G11; 5m @ 4.6g/t Pd, 0.8g/t Pt, 0.3g/t Au, 0.6% Ni, 2.2% Cu, 0.05% Co from 165m (JRC235) - G11; 11m @ 2.6g/t Pd, 0.4g/t Pt, 0.5% Ni, 0.3% Cu, 0.03% Co from 82m (JRC217) - G2; 12m @ 1.8g/t Pd, 0.2g/t Pt, 0.4g/t Au, 0.2% Ni, 0.9% Cu, 0.02% Co from 95m (JD055) - G6; 3m @ 3.4g/t Pd, 1.9g/t Pt, 0.1g/t Au, 1.0% Ni, 4.9% Cu, 0.12% Co from 58m (JRC206) - G2; 10m @ 2.0g/t Pd, 0.5g/t Pt, 0.7g/t Au, 0.1% Ni, 1.1% Cu, 0.01% Co from 206m (JRC229D). Step-out drilling has extended the high-grade G3, G5 and G10 zones along strike, with significant results including: 7m @ 3.8g/t Pd, 0.8g/t Pt, 0.8% Ni, 0.1% Cu, 0.08% Co from 189m (JRC248) - G5; 5m @ 2.4g/t Pd, 0.9g/t Pt, 1.2% Ni, 0.3% Cu, 0.08% Co from 44m (JRC244) - G3 and 15m @ 1.5g/t Pd, 0.4g/t Pt, 0.3% Ni, 0.1% Cu, 0.03% Co from 198m (JRC243) - G10. Assay results are pending for a further 137 completed drill holes. In addition to the ongoing infill drilling, initial wide-spaced RC drilling targeting the extension of the high-grade G4 and G11 zones to the north-east is continuing. Drilling at the ~6.5km long Hartog Target is anticipated to commence in late Third Quarter 2021, subject to access approval. Comprehensive work program approved for Julimar in FY22, encompassing exploration, resource definition, environmental baselining and studies. Seven rigs (three reverse circulation ("RC") and four diamond) are continuing the ~160,000m step- out and resource definition drill program at the ~1.8km x >0.9km Gonneville Intrusion with over 120,000m of drilling completed to date and a significant number of assay results pending. Results have now been received for drilling targeting: Infill of the high-grade G4, G11 (footwall contact zones), G6 and G7 zones on a nominal 40m x 40m spaced grid; The northern and down-dip extensions to the G1-G10 zones; and The non-magnetic pyroxenite-rich north-western part of the Gonneville Intrusion (initial wide-spaced lines on ~160m x 80m grid); A total of 118 diamond drill holes and 324 RC drill holes (including RC pre-collars with diamond tails) have been completed to date at the project (~120,000m), of which assay results have now been reported for 56 diamond and 249 RC holes. Assay results remain pending for a further 137 completed drill holes with lab turnaround times currently averaging approximately nine weeks. Within the 75 new drill holes reported in this announcement, there were: 298 mineralised intervals (>4m width and >0.3g/t Pd cut-off grade); 215 high-grade PGE intervals (>2m width and >1g/t Pd cut-off grade), including:53 high-grade Pd-Ni-Cu intervals (>2m width, >1g/t Pd and >0.5% Ni+Cu cut-off grade). Chalice has submitted a second Conservation Management Plan (CMP) that outlines the Company's proposed approach to initial drill testing at the Hartog and Baudin Targets, which lie within the Julimar State Forest. Small, track-mounted diamond rigs have been proposed, which do not require mechanised vegetation clearance and minimise disturbance to flora and fauna.

Neutral

Chalice Mining Limited Presents at Diggers and Dealers Mining Forum, Aug-03-2021 03:40 PM

2021-06-30 19:09:00

Chalice Mining Limited Presents at Diggers and Dealers Mining Forum, Aug-03-2021 03:40 PM. Venue: Goldfields Arts Centre, Cheetham Street, Kalgoolie, Western Australia, Australia. Speakers: Alex Dorsch, Managing Director.

Neutral

Chalice Mining Limited Presents at Noosa Mining and Exploration Investor Conference, Jul-15-2021 03:15 PM

2021-06-30 18:19:00

Chalice Mining Limited Presents at Noosa Mining and Exploration Investor Conference, Jul-15-2021 03:15 PM. Venue: Peppers Noosa Resort, Noosa Heads, Queensland, Australia. Speakers: Alexander C. Dorsch, MD & Executive Director.

Positive

Chalice Mining Limited Defines New EM Anomalies on Julimar Lookalike Target

2021-06-29 23:45:00

Venture Minerals Limited announced hat Chalice Mining Limited has generated new EM anomalies from the early stages of the ground based moving loop EM (MLEM) and fixed loop EM program at Venture's South West Ni-Cu- PGE Project. The new anomalies were defined over selected areas of the Julimar lookalike magnetic feature (Thor Target) as well as other interpreted mafic-ultramafic intrusions. The program is part of the first stage of the JV earn-in which Chalice may earn up to 70% by spending $3.7 million on exploration over 4 years. The new EM anomalies are similar strength conductors to those that yielded wide and significant palladium intervals during the early drilling phase of the Julimar Ni-Cu-PGE discovery. In addition, one of the new EM anomalies is within 10 metres of a previously drilled hole TOR04 which intersected 86 metres of disseminated sulfides with anomalous levels of PGE mineralisation, making this EM conductor of particular interest. To date, one third of a total planned c. 42 line km MLEM program has been completed with wet weather causing delays that have led to the survey being put on hold until the weather improves later in the year, with completion now scheduled for the end of November 2021. Once this initial stage is completed any resultant anomalies will be infilled to define targets for subsequent follow-up with surface geochemical sampling or drilling. The South West Project (256 km²) is located ~240 km south of Perth hosted within the Balingup Gneiss Complex (Refer Figure 5). The two main prospects within the Project are Thor and Odin and both contain areas of potential Ni-Cu-PGE prospectivity. Thor is a 20km long `Julimar lookalike' magnetic anomaly associated with chromium rich rocks indicative of mafic-ultramafic intrusions. A recent airborne EM survey identified 13 highly conductive anomalies within the southern 6.5km of the regional magnetic feature, of which only two have been tested by single holes in Venture's 2018 maiden drill program. The last hole drilled at Thor (TOR05) intersected 2.4m of Massive Sulfide averaging 0.5% Copper, 0.05% Nickel, 0.04% Cobalt and anomalous gold & palladium. At Odin, in the only hole drilled, Nickel and Copper sulfides were intersected within a highly prospective mafic- ultramafic unit that extends over 10 strike kilometres. This was further supported by surface sampling returning significant nickel and copper geochemical anomalies. Thor has a 20km long `Julimar lookalike' magnetic anomaly associated with chromium rich rocks indicative of mafic-ultramafic intrusions; An airborne EM survey in 2018, identified 13 targets in the southern 6.5 km of the Thor magnetic anomaly; Maiden Drill Program at Thor intersected 2.4m of Massive Sulfide in TOR05 averaging 0.5% Cu, 0.05% Ni, 0.04% Co and anomalous Au & Pd; Maiden Drill Hole at Odin intersecting Ni and Cu sulfides within a highly prospective mafic-ultramafic unit that extends over 10 strike kilometres. Commissioning of the Wet Screening Plant is well advanced with ore mining having recommenced. The next phase of the commissioning process will include ore haulage and delivery of saleable product to the Port of Burnie, followed by the final phase of loading the first ore shipment. Shareholders will be updated shortly on the expected timing for the first ore shipment which is imminent.

Fundamental Summary

Looking at Chalice's financials of Q4 reflected unimpressive, mediocre results. Its income, value, and income factors all individually appear positive and give support for optimism regarding the likelihood of continued positive performance. Therefore, they earned a total score of 67 out of 100 and a HOLD recommendation.

Chalice announced earnings results for the full year ended June 30, 2021. For the full year, the company announced sales was AUD 520,000 compared to AUD 453,000 a year ago. Net loss was AUD 43.193 million compared to AUD 2.659 million a year ago. Basic loss per share was AUD 0.13 compared to AUD 0.01 a year ago. Basic loss per share from continuing operations was AUD 0.13 compared to AUD 0.04 a year ago.

Business Description

Chalice operates as a mineral exploration company. The company explores for gold, copper, cobalt, palladium, and nickel deposits. Its flagship properties include the Julimar Nickel-Copper-Platinum group element project that covers an area of approximately 2,000 square kilometers located in Avon Region, Western Australia; and the Pyramid Hill gold project, which covers an area of approximately 5,700 square kilometers located in Bendigo Region, Victoria. The company was formerly known as Chalice Gold Mines Limited and changed its name to Chalice in December 2020. The company was incorporated in 2005 and is based in West Perth, Australia.

Sector Overview

Chalice is included in the Metals & Mining according to GICS (global industry classification standard). The Metals & Mining industry is included in the Materials sector. It includes the producers of aluminum, iron, steel, gold, other diversified metals and minerals, and their related products, as well as the mining and production the above materials. Chalice's industry and sector affiliation are expected to negatively affect their likelihood to overperform the market in the upcoming period, as other sectors appear more likely to benefit from the macroeconomic environment we see now.

Fundamental Highlights


Parameter Value Change Score
Assets 126.1 -22.5% 78
Liabilities 7.6 -43.2% 98
Price to Book 19.5 12.9% 89
Cash & Equivalents 65.2 -34.7% 46
Equity 118.4 -20.6% 39
EBITDA -59.1 -28.0% 65
Total Revenues 0.3 -44.0% 99
Parameter Value Change Score
Return on Equity -7.9 81.4% 76
Net Cashflow -53.5 -198.7% 53
Capital Expenditure -19.9 8.6% 84
Asset Turnover 0.0 -56.4% 38
Free Cashflow -0.2 -14.2% 62

* All values are TTM

The below chart reflects Chalice's birds-eye view on its performance with respect to its peers, the company's fillings as reported or to a similar industry, market cap, and country of origin. While Chalice's peer average final assessment score stands on 69.0, Chalice's score is 67.

  •  CHN
  •  Peers average
Name Market Cap Balance Sheet Income Statement Cash Flow Rating Final Assessment mc_sort Hidden
BHP Group Limited 208.5B 58 71 75
Hold
69
69 0 1
Fortescue Metals Group Limited 55.0B 65 67 75
Hold
68
68 1 1
Newcrest Mining Limited 19.4B 52 66 57
Underperform
56
56 2 1
South32 Limited 18.7B 84 72 78
Buy
82
82 3 1
Mineral Resources Limited 9.2B 55 63 61
Underperform
56
56 4 1
Lynas Rare Earths Limited 8.3B 70 69 70
Hold
71
71 5 1
Northern Star Resources Limited 8.2B 56 56 73
Underperform
55
55 6 1
IGO Limited 7.8B 50 78 72
Hold
71
71 7 1
BlueScope Steel Limited 7.3B 85 72 52
Hold
72
72 8 1
Pilbara Minerals Limited 6.9B 86 69 86
Buy
83
83 9 1
Allkem Limited 6.9B 57 61 82
Hold
65
65 10 1
OZ Minerals Limited 6.2B 74 66 78
Hold
74
74 11 1
Evolution Mining Limited 4.8B 82 64 50
Hold
64
64 12 1
Alumina Limited 4.4B 50 79 72
Hold
70
70 13 1
OZ Minerals Holdings Pty Ltd 4.0B 84 61 50
Hold
73
73 14 1
Iluka Resources Limited 3.9B 77 60 74
Hold
68
68 15 1
Andean Resources Ltd. 3.7B 86 97 41
Buy
84
84 16 1
Coronado Global Resources Inc. 2.9B 83 74 81
Strong Buy
87
87 17 1
Nickel Industries Limited 2.8B 54 60 70
Underperform
56
56 18 1
AVZ Minerals Limited 2.8B 95 68 58
Hold
75
75 19 1
Sims Limited 2.7B 68 69 82
Hold
74
74 20 1
Zimplats Holdings Limited 2.6B 77 68 64
Hold
71
71 21 1
Liontown Resources Limited 2.4B 81 84 62
Buy
84
84 22 1
Perseus Mining Limited 2.3B 81 65 83
Hold
77
77 23 1
Deterra Royalties Limited 2.3B 77 61 75
Hold
69
69 24 1
Sandfire Resources Limited 1.9B 82 69 76
Buy
79
79 25 1
Core Lithium Ltd 1.8B 83 70 69
Hold
76
76 26 1
Grange Resources Limited 1.5B 65 64 73
Hold
66
66 27 1
Capricorn Metals Ltd 1.3B 86 69 82
Buy
82
82 28 1
West African Resources Limited 1.3B 87 59 66
Hold
68
68 29 1
Silver Lake Resources Limited 1.2B 66 63 58
Hold
62
62 30 1
De Grey Mining Limited 1.2B 66 47 73
Underperform
53
53 31 1
Gold Road Resources Limited 1.2B 64 67 56
Hold
63
63 32 1
Lake Resources NL 1.2B 66 73 68
Hold
71
71 33 1
Sayona Mining Limited 1.2B 66 73 68
Hold
71
71 34 1
Regis Resources Limited 1.1B 53 53 69
Underperform
50
50 35 1
Piedmont Lithium Inc. 1.1B 88 77 60
Buy
84
84 36 1
5E Advanced Materials Inc. 927.2M 47 58 61
Underperform
51
51 37 1
ioneer Ltd 867.9M 85 69 51
Hold
70
70 38 1
Syrah Resources Limited 856.9M 49 50 69
Underperform
46
46 39 1
Equigold NL 854.0M 50 65 87
Hold
67
67 40 1
Ramelius Resources Limited 828.4M 56 68 62
Hold
60
60 41 1
Vulcan Energy Resources Limited 826.7M 67 78 71
Hold
77
77 42 1
Jervois Global Limited 813.1M 78 71 54
Hold
72
72 43 1
Mincor Resources NL 808.9M 62 77 57
Hold
67
67 44 1
Imdex Limited 796.9M 71 56 74
Hold
70
70 45 1
Bellevue Gold Limited 722.0M 84 69 54
Hold
70
70 46 1
St Barbara Limited 701.5M 53 70 56
Underperform
59
59 47 1
Emerald Resources NL 679.4M 60 68 84
Hold
70
70 48 1
Red 5 Limited 671.6M 47 75 59
Hold
61
61 49 1
Boart Longyear Group Ltd. 651.0M 60 74 68
Hold
69
69 50 1
Mount Gibson Iron Limited 629.5M 48 78 64
Hold
66
66 51 1
Westgold Resources Limited 575.3M 54 65 63
Underperform
58
58 52 1
OM Holdings Limited 563.6M 84 75 82
Buy
85
85 53 1
Australian Strategic Materials Ltd 540.9M 51 74 72
Hold
67
67 54 1
Neometals Ltd 531.9M 60 72 60
Hold
65
65 55 1
Adriatic Metals PLC 528.8M 66 73 68
Hold
71
71 56 1
Argosy Minerals Limited 467.8M 66 73 68
Hold
71
71 57 1
Perenti Global Limited 461.4M 60 78 67
Hold
72
72 58 1
Champion Iron Limited 441.1M 58 71 55
Hold
64
64 59 1
Panoramic Resources Limited 420.4M 58 71 67
Hold
66
66 60 1
Hastings Technology Metals Limited 404.8M 65 68 67
Hold
68
68 61 1
Alkane Resources Limited 402.0M 78 70 68
Hold
73
73 62 1
Centaurus Metals Limited 397.2M 66 73 68
Hold
71
71 63 1
Bowen Coking Coal Limited 385.5M 66 73 68
Hold
71
71 64 1
Jupiter Mines Limited 372.2M 66 81 50
Hold
64
64 65 1
Galan Lithium Limited 362.2M 66 73 68
Hold
71
71 66 1
Talga Group Ltd 359.9M 53 60 62
Underperform
53
53 67 1
BCI Minerals Limited 349.8M 71 68 60
Hold
66
66 68 1
Metals X Limited 344.8M 68 87 68
Buy
82
82 69 1
Pantoro Limited 330.8M 66 73 68
Hold
71
71 70 1
Aurelia Metals Limited 327.8M 65 58 60
Underperform
56
56 71 1
Macmahon Holdings Limited 283.7M 68 65 62
Hold
66
66 72 1
Lotus Resources Limited 277.3M 66 73 68
Hold
71
71 73 1
Firefinch Limited 236.2M 66 73 68
Hold
71
71 74 1
Andromeda Metals Limited 229.8M 66 73 68
Hold
71
71 75 1

Technical Analysis

When trying to optimize the timing of an investment, it's critical to analyze whether the stock looks overbought or oversold, and in which direction the momentum is moving. Chalice's stock is now priced above its 5-day, but below its 50-day and 200-day moving average, while its MACD (moving average convergence divergence) indicates that the stock's price movement momentum is weakening. Historically, this is a positive setup in the near-term. The company is trading near it's 12-month low, which signals it struggle to keep above it support price. Meanwhile, looking at the Stochastic Oscillator and RSI (relative strength index), Chalice's stock indicates that it's likely oversold. Overall, these technical indicators signal negative momentum. Therefore, this stock received a cumulative TA (technical analysis) score of 52.

Bearish 52
Close Price 3.85
52W Low 3.49
52W High 10.33
5D MA 3.75
50D MA 5.77
200D MA 7.29
MACD -0.64
RSI 5.31
STOCH 17.82

Balance Sheet Analysis

A few metrics from Chalice's current balance sheet were especially concerning: Equity and Cash & Equivalents. Chalice published concerning equity metrics for this filing. In the current report, equity stood at 118.4, which represents a -20.6% change from the last report. This parameter often affects companies in the same industry and market capitalization by up to 5.9%. These metrics are all the more disappointing relative to their peers and should blunt potential positive momentum in its's stock price. Therefore, their equity movement component earned a score of 39. Also, Chalice reported concerning cash and cash equivalents metrics in this filing. Specifically, they reported that cash and cash equivalents were 65.2, representing a -34.7% change from the last period. The company's cash and cash equivalents metrics highlight a difficult overall financial situation, which may, unfortunately, continue moving forward unless management makes significant changes. Its cash and cash equivalents movement, therefore, received a grade of 46. That said, one metric, Liabilities, stood out as strongly positive. In terms of liabilities, Chalice published good numbers. Their reported liabilities were 7.6, representing a -43.2% change from the previous report. This performance is all interesting relative to their peers and suggests that their stock price has room to grow to reflect a higher intrinsic value. The company's liabilities movement component, therefore, received a grade of 98. Therefore, the company's balance sheet earned a grade of 54.

Parameter Value Change Score
Assets 126.1 -22.5% 78
Liabilities 7.6 -43.2% 98
Price to Book 19.5 12.9% 89
Cash & Equivalents 65.2 -34.7% 46
Equity 118.4 -20.6% 39
* All values are TTM

The below chart describes Chalice's performance as reflected on its balance sheet with respect to its peers. While Chalice received a balance sheet score of 54, the average of its peers stands on 69.0.

  •  CHN
  •  Peers average
Name Market Cap Liabilities Movement Asset Change Equity/Intangibles Adjustments Cash & Equivalents Book Value Momentum Balance Sheet mc_sort Hidden
BHP Group Limited 208.5B 74 92 47 52 76 58 0 1
Fortescue Metals Group Limited 55.0B 83 66 68 55 69 65 1 1
Newcrest Mining Limited 19.4B 85 72 46 46 73 52 2 1
South32 Limited 18.7B 74 73 80 79 74 84 3 1
Mineral Resources Limited 9.2B 83 73 52 42 90 55 4 1
Lynas Rare Earths Limited 8.3B 74 59 77 62 68 70 5 1
Northern Star Resources Limited 8.2B 87 70 56 48 65 56 6 1
IGO Limited 7.8B 43 37 80 42 63 50 7 1
BlueScope Steel Limited 7.3B 64 75 87 90 68 85 8 1
Pilbara Minerals Limited 6.9B 87 59 81 87 56 86 9 1
Allkem Limited 6.9B 53 64 44 65 89 57 10 1
OZ Minerals Limited 6.2B 87 72 72 69 72 74 11 1
Evolution Mining Limited 4.8B 47 57 76 96 54 82 12 1
Alumina Limited 4.4B 51 69 50 46 84 50 13 1
OZ Minerals Holdings Pty Ltd 4.0B 81 62 51 97 87 84 14 1
Iluka Resources Limited 3.9B 76 66 87 69 53 77 15 1
Andean Resources Ltd. 3.7B 70 37 60 97 92 86 16 1
Coronado Global Resources Inc. 2.9B 44 56 87 85 71 83 17 1
Nickel Industries Limited 2.8B 41 44 72 50 70 54 18 1
AVZ Minerals Limited 2.8B 99 56 82 98 66 95 19 1
Sims Limited 2.7B 85 72 83 49 57 68 20 1
Zimplats Holdings Limited 2.6B 80 69 68 76 73 77 21 1
Liontown Resources Limited 2.4B 43 55 82 97 37 81 22 1
Perseus Mining Limited 2.3B 81 70 73 82 66 81 23 1
Deterra Royalties Limited 2.3B 99 79 61 75 68 77 24 1
Sandfire Resources Limited 1.9B 41 64 87 87 73 82 25 1
Core Lithium Ltd 1.8B 37 55 82 94 66 83 26 1
Grange Resources Limited 1.5B 54 70 51 71 92 65 27 1
Capricorn Metals Ltd 1.3B 69 59 81 91 65 86 28 1
West African Resources Limited 1.3B 92 56 81 92 42 87 29 1
Silver Lake Resources Limited 1.2B 69 62 62 71 57 66 30 1
De Grey Mining Limited 1.2B 44 49 79 69 48 66 31 1
Gold Road Resources Limited 1.2B 83 72 56 65 60 64 32 1
Lake Resources NL 1.2B 78 74 55 64 78 66 33 1
Sayona Mining Limited 1.2B 78 74 55 64 78 66 34 1
Regis Resources Limited 1.1B 77 74 51 48 63 53 35 1
Piedmont Lithium Inc. 1.1B 97 54 82 97 39 88 36 1
5E Advanced Materials Inc. 927.2M 44 83 54 45 37 47 37 1
ioneer Ltd 867.9M 98 56 80 86 52 85 38 1
Syrah Resources Limited 856.9M 63 75 38 46 94 49 39 1
Equigold NL 854.0M 57 46 86 50 45 50 40 1
Ramelius Resources Limited 828.4M 67 41 78 48 49 56 41 1
Vulcan Energy Resources Limited 826.7M 39 53 80 74 41 67 42 1
Jervois Global Limited 813.1M 71 71 44 94 95 78 43 1
Mincor Resources NL 808.9M 83 78 43 62 56 62 44 1
Imdex Limited 796.9M 59 69 83 61 75 71 45 1
Bellevue Gold Limited 722.0M 96 56 81 87 42 84 46 1
St Barbara Limited 701.5M 80 69 51 49 61 53 47 1
Emerald Resources NL 679.4M 51 58 80 51 57 60 48 1
Red 5 Limited 671.6M 49 45 39 55 96 47 49 1
Boart Longyear Group Ltd. 651.0M 85 79 39 60 87 60 50 1
Mount Gibson Iron Limited 629.5M 94 76 39 41 74 48 51 1
Westgold Resources Limited 575.3M 77 65 55 47 73 54 52 1
OM Holdings Limited 563.6M 84 69 84 81 50 84 53 1
Australian Strategic Materials Ltd 540.9M 44 69 55 46 84 51 54 1
Neometals Ltd 531.9M 97 77 46 50 97 60 55 1
Adriatic Metals PLC 528.8M 78 74 55 64 78 66 56 1
Argosy Minerals Limited 467.8M 78 74 55 64 78 66 57 1
Perenti Global Limited 461.4M 68 71 51 61 74 60 58 1
Champion Iron Limited 441.1M 66 49 73 47 67 58 59 1
Panoramic Resources Limited 420.4M 78 75 43 58 85 58 60 1
Hastings Technology Metals Limited 404.8M 75 72 56 67 67 65 61 1
Alkane Resources Limited 402.0M 45 56 83 88 40 78 62 1
Centaurus Metals Limited 397.2M 78 74 55 64 78 66 63 1
Bowen Coking Coal Limited 385.5M 78 74 55 64 78 66 64 1
Jupiter Mines Limited 372.2M 63 93 46 52 80 66 65 1
Galan Lithium Limited 362.2M 78 74 55 64 78 66 66 1
Talga Group Ltd 359.9M 90 78 38 45 95 53 67 1
BCI Minerals Limited 349.8M 86 73 58 67 82 71 68 1
Metals X Limited 344.8M 90 77 50 67 80 68 69 1
Pantoro Limited 330.8M 78 74 55 64 78 66 70 1
Aurelia Metals Limited 327.8M 85 69 59 60 72 65 71 1
Macmahon Holdings Limited 283.7M 47 61 72 78 44 68 72 1
Lotus Resources Limited 277.3M 78 74 55 64 78 66 73 1
Firefinch Limited 236.2M 78 74 55 64 78 66 74 1
Andromeda Metals Limited 229.8M 78 74 55 64 78 66 75 1

Income Statement Analysis

Chalice appears likely to maintain its strong income statement metrics and momentum going forward. Chalice's financials reveal an interesting trend for their revenue efficiency. This characteristic can affect companies in the same industry and market capitalization by up to 24.0%. Their impressive revenue efficiency is even more impressive relative to its peers and competitors in the current market. Consequently, their revenue efficiency received a grade of 99. Also, In this filing, Chalice reported a return on equity (ROE) ratio of -7.9, which represents a change of 81.4%. The company appears headed in the right direction in terms of these return factors, exhibiting prudent capital expenditure growth compared to its peers. Therefore, its return factors component earned a score of 76. On the other hand, EBITDA, jumped out as looking problematic. Chalice reported concerning EBITDA this period. At filing, EBITDA was reported as -59.1, representing -28.0% change from the previous period. This metric might have a 20.0 percent impact on companies in the same industry and with the same market capitalization. The company's EBITDA metrics highlight a difficult overall financial situation, which may, unfortunately, continue moving forward unless management makes significant changes. Therefore, their EBITDA component earned a score of 65. Consequently, their income statement earned a rank of 81.

Parameter Value Change Score
EBITDA -59.1 -28.0% 65
Total Revenues 0.3 -44.0% 99
Return on Equity -7.9 81.4% 76
* All values are TTM

The below chart describes Chalice's performance as reflected on its income statement with respect to its peers. While Chalice received a income statement score of 81 , the average of its peers stands on 70.0.

  •  CHN
  •  Peers average
Name Market Cap Revenue Momentum Earning Movement Return Factors Momentum Income Statement mc_sort Hidden
BHP Group Limited 208.5B 64 79 79 71 0 1
Fortescue Metals Group Limited 55.0B 58 78 75 67 1 1
Newcrest Mining Limited 19.4B 95 45 48 66 2 1
South32 Limited 18.7B 47 94 95 72 3 1
Mineral Resources Limited 9.2B 94 42 44 63 4 1
Lynas Rare Earths Limited 8.3B 50 91 83 69 5 1
Northern Star Resources Limited 8.2B 48 66 68 56 6 1
IGO Limited 7.8B 98 72 48 78 7 1
BlueScope Steel Limited 7.3B 86 71 66 72 8 1
Pilbara Minerals Limited 6.9B 38 96 96 69 9 1
Allkem Limited 6.9B 46 75 74 61 10 1
OZ Minerals Limited 6.2B 48 82 82 66 11 1
Evolution Mining Limited 4.8B 94 46 43 64 12 1
Alumina Limited 4.4B 87 73 76 79 13 1
OZ Minerals Holdings Pty Ltd 4.0B 39 88 45 61 14 1
Iluka Resources Limited 3.9B 50 62 89 60 15 1
Andean Resources Ltd. 3.7B 37 89 91 97 16 1
Coronado Global Resources Inc. 2.9B 39 98 97 74 17 1
Nickel Industries Limited 2.8B 66 61 55 60 18 1
AVZ Minerals Limited 2.8B 87 63 41 68 19 1
Sims Limited 2.7B 45 90 92 69 20 1
Zimplats Holdings Limited 2.6B 94 50 52 68 21 1
Liontown Resources Limited 2.4B 87 78 91 84 22 1
Perseus Mining Limited 2.3B 42 88 83 65 23 1
Deterra Royalties Limited 2.3B 45 83 66 61 24 1
Sandfire Resources Limited 1.9B 64 73 74 69 25 1
Core Lithium Ltd 1.8B 87 47 81 70 26 1
Grange Resources Limited 1.5B 74 61 61 64 27 1
Capricorn Metals Ltd 1.3B 37 98 97 69 28 1
West African Resources Limited 1.3B 43 84 63 59 29 1
Silver Lake Resources Limited 1.2B 95 42 41 63 30 1
De Grey Mining Limited 1.2B 44 45 76 47 31 1
Gold Road Resources Limited 1.2B 94 48 49 67 32 1
Lake Resources NL 1.2B 87 62 66 73 33 1
Sayona Mining Limited 1.2B 87 62 66 73 34 1
Regis Resources Limited 1.1B 65 50 45 53 35 1
Piedmont Lithium Inc. 1.1B 87 63 68 77 36 1
5E Advanced Materials Inc. 927.2M 74 37 56 58 37 1
ioneer Ltd 867.9M 87 55 60 69 38 1
Syrah Resources Limited 856.9M 38 67 62 50 39 1
Equigold NL 854.0M 79 44 91 65 40 1
Ramelius Resources Limited 828.4M 94 51 48 68 41 1
Vulcan Energy Resources Limited 826.7M 87 67 84 78 42 1
Jervois Global Limited 813.1M 37 94 93 71 43 1
Mincor Resources NL 808.9M 98 57 59 77 44 1
Imdex Limited 796.9M 77 60 56 56 45 1
Bellevue Gold Limited 722.0M 87 44 83 69 46 1
St Barbara Limited 701.5M 93 56 53 70 47 1
Emerald Resources NL 679.4M 37 96 94 68 48 1
Red 5 Limited 671.6M 95 58 66 75 49 1
Boart Longyear Group Ltd. 651.0M 93 58 67 74 50 1
Mount Gibson Iron Limited 629.5M 99 62 66 78 51 1
Westgold Resources Limited 575.3M 84 58 43 65 52 1
OM Holdings Limited 563.6M 50 96 97 75 53 1
Australian Strategic Materials Ltd 540.9M 91 62 66 74 54 1
Neometals Ltd 531.9M 87 66 56 72 55 1
Adriatic Metals PLC 528.8M 87 62 66 73 56 1
Argosy Minerals Limited 467.8M 87 62 66 73 57 1
Perenti Global Limited 461.4M 73 81 87 78 58 1
Champion Iron Limited 441.1M 95 50 45 71 59 1
Panoramic Resources Limited 420.4M 95 50 62 71 60 1
Hastings Technology Metals Limited 404.8M 90 51 53 68 61 1
Alkane Resources Limited 402.0M 68 74 74 70 62 1
Centaurus Metals Limited 397.2M 87 62 66 73 63 1
Bowen Coking Coal Limited 385.5M 87 62 66 73 64 1
Jupiter Mines Limited 372.2M 96 46 50 81 65 1
Galan Lithium Limited 362.2M 87 62 66 73 66 1
Talga Group Ltd 359.9M 87 40 47 60 67 1
BCI Minerals Limited 349.8M 94 47 56 68 68 1
Metals X Limited 344.8M 94 84 79 87 69 1
Pantoro Limited 330.8M 87 62 66 73 70 1
Aurelia Metals Limited 327.8M 68 58 49 58 71 1
Macmahon Holdings Limited 283.7M 88 51 48 65 72 1
Lotus Resources Limited 277.3M 87 62 66 73 73 1
Firefinch Limited 236.2M 87 62 66 73 74 1
Andromeda Metals Limited 229.8M 87 62 66 73 75 1

Cash Flow Analysis

Chalice's cash flow factors had several troubling metrics this period. Asset turnover metrics during this period were surprisingly weak. Their reported asset turnover metrics of 0.0, which represents a -56.4% change from the previous report. Companies in the same industry and market capitalization are typically affected by this parameter by up to 2.7%. The company's asset turnover metrics seem especially problematic relative to their peers. Correspondingly, their asset turnover movement received a grade of 38. Also, Chalice's management was not successful in meaningfully improving their cash flow metrics. As of the current filing, they were reported as -53.5 and represented a -198.7% change from the previous period. Their net cash flow momentum should be a cause for concern and could bring negative momentum for Chalice's stock price going forward. Hence, their net cash flow earned a score of 53. That said, one metric, Capex, stood out as strongly positive. Chalice's management was effective in improving its CapEx, which now sits at -19.9 and represents 8.6% change from the previous report. The company appears to be headed in the right direction regarding resource allocation, exhibiting prudent capital expenditure growth compared to its peers. Consequently, their CapEx movement received a grade of 84. Therefore, their cash flow earned a grade of 55.

Parameter Value Change Score
Net Cashflow -53.5 -198.7% 53
Capital Expenditure -19.9 8.6% 84
Asset Turnover 0.0 -56.4% 38
Free Cashflow -0.2 -14.2% 62
* All values are TTM

The below chart describes Chalice's performance as reflected on its cash flow with respect to its peers. While Chalice received a cash flow score of 55, the average of its peers stands on 66.0.

  •  CHN
  •  Peers average
Name Market Cap Cashflow Momentum Free Cashflow Growth Capital Expenditure Growth Assets Factors Momentum Cash Flow mc_sort Hidden
BHP Group Limited 208.5B 70 77 80 71 75 0 1
Fortescue Metals Group Limited 55.0B 74 78 69 74 75 1 1
Newcrest Mining Limited 19.4B 58 48 63 55 57 2 1
South32 Limited 18.7B 72 86 82 75 78 3 1
Mineral Resources Limited 9.2B 58 69 54 63 61 4 1
Lynas Rare Earths Limited 8.3B 78 63 76 58 70 5 1
Northern Star Resources Limited 8.2B 70 58 54 91 73 6 1
IGO Limited 7.8B 80 73 66 57 72 7 1
BlueScope Steel Limited 7.3B 48 47 56 70 52 8 1
Pilbara Minerals Limited 6.9B 87 97 76 78 86 9 1
Allkem Limited 6.9B 75 77 70 84 82 10 1
OZ Minerals Limited 6.2B 69 97 66 73 78 11 1
Evolution Mining Limited 4.8B 54 49 61 39 50 12 1
Alumina Limited 4.4B 68 74 76 70 72 13 1
OZ Minerals Holdings Pty Ltd 4.0B 49 86 84 39 50 14 1
Iluka Resources Limited 3.9B 75 84 52 74 74 15 1
Andean Resources Ltd. 3.7B 40 55 56 37 41 16 1
Coronado Global Resources Inc. 2.9B 77 86 53 93 81 17 1
Nickel Industries Limited 2.8B 75 63 76 61 70 18 1
AVZ Minerals Limited 2.8B 60 69 76 37 58 19 1
Sims Limited 2.7B 83 98 56 82 82 20 1
Zimplats Holdings Limited 2.6B 75 77 63 44 64 21 1
Liontown Resources Limited 2.4B 59 69 76 51 62 22 1
Perseus Mining Limited 2.3B 69 94 90 83 83 23 1
Deterra Royalties Limited 2.3B 77 88 96 51 75 24 1
Sandfire Resources Limited 1.9B 73 85 63 71 76 25 1
Core Lithium Ltd 1.8B 61 69 76 72 69 26 1
Grange Resources Limited 1.5B 75 79 76 62 73 27 1
Capricorn Metals Ltd 1.3B 81 83 81 79 82 28 1
West African Resources Limited 1.3B 73 84 42 58 66 29 1
Silver Lake Resources Limited 1.2B 63 53 64 47 58 30 1
De Grey Mining Limited 1.2B 80 69 76 61 73 31 1
Gold Road Resources Limited 1.2B 57 57 54 50 56 32 1
Lake Resources NL 1.2B 68 69 76 60 68 33 1
Sayona Mining Limited 1.2B 68 69 76 60 68 34 1
Regis Resources Limited 1.1B 65 76 68 69 69 35 1
Piedmont Lithium Inc. 1.1B 59 62 69 54 60 36 1
5E Advanced Materials Inc. 927.2M 55 48 71 71 61 37 1
ioneer Ltd 867.9M 47 57 54 51 51 38 1
Syrah Resources Limited 856.9M 59 58 43 98 69 39 1
Equigold NL 854.0M 91 69 72 84 87 40 1
Ramelius Resources Limited 828.4M 59 56 81 58 62 41 1
Vulcan Energy Resources Limited 826.7M 67 69 76 69 71 42 1
Jervois Global Limited 813.1M 43 51 38 82 54 43 1
Mincor Resources NL 808.9M 63 63 72 45 57 44 1
Imdex Limited 796.9M 71 72 79 73 74 45 1
Bellevue Gold Limited 722.0M 51 64 56 51 54 46 1
St Barbara Limited 701.5M 54 46 71 55 56 47 1
Emerald Resources NL 679.4M 84 81 80 81 84 48 1
Red 5 Limited 671.6M 68 49 48 59 59 49 1
Boart Longyear Group Ltd. 651.0M 62 74 81 63 68 50 1
Mount Gibson Iron Limited 629.5M 68 69 59 56 64 51 1
Westgold Resources Limited 575.3M 59 69 71 59 63 52 1
OM Holdings Limited 563.6M 75 90 90 75 82 53 1
Australian Strategic Materials Ltd 540.9M 72 69 76 69 72 54 1
Neometals Ltd 531.9M 62 54 71 52 60 55 1
Adriatic Metals PLC 528.8M 68 69 76 60 68 56 1
Argosy Minerals Limited 467.8M 68 69 76 60 68 57 1
Perenti Global Limited 461.4M 61 69 54 78 67 58 1
Champion Iron Limited 441.1M 56 69 51 49 55 59 1
Panoramic Resources Limited 420.4M 69 69 79 54 67 60 1
Hastings Technology Metals Limited 404.8M 65 68 74 57 67 61 1
Alkane Resources Limited 402.0M 69 58 68 71 68 62 1
Centaurus Metals Limited 397.2M 68 69 76 60 68 63 1
Bowen Coking Coal Limited 385.5M 68 69 76 60 68 64 1
Jupiter Mines Limited 372.2M 51 51 84 44 50 65 1
Galan Lithium Limited 362.2M 68 69 76 60 68 66 1
Talga Group Ltd 359.9M 53 48 76 70 62 67 1
BCI Minerals Limited 349.8M 62 54 76 49 60 68 1
Metals X Limited 344.8M 70 81 72 55 68 69 1
Pantoro Limited 330.8M 68 69 76 60 68 70 1
Aurelia Metals Limited 327.8M 72 58 54 49 60 71 1
Macmahon Holdings Limited 283.7M 72 53 46 57 62 72 1
Lotus Resources Limited 277.3M 68 69 76 60 68 73 1
Firefinch Limited 236.2M 68 69 76 60 68 74 1
Andromeda Metals Limited 229.8M 68 69 76 60 68 75 1

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