Chalice Mining Expands Gonneville Project

Tajha Pritchard
core sample

Chalice Mining expanded its Gonneville critical minerals project in Western Australia through successful drilling. The Tim Goyder-backed miner discovered wide zones of high-grade copper and platinum group elements, extending the deposit to the north-west. Key results outside the current resource boundaries include:

  1. 8.0m intercept at 5.83 g/t 3E (platinum, palladium, gold), 0.15% Ni, 1.12% Cu, 0.01% Co from 543m depth.
  2. 14.0m intercept at 5.72g/t 3E, 0.19% Ni, 0.36% Cu, 0.02% Co from 1096m depth.
  3. 16.0m intercept at 6.17g/t 3E, 0.21% Ni, 0.15% Cu, 0.02% Co from 478m depth.

The resource model is being updated, expected in Q1 2024. Chalice aims to improve feed grades for higher metallurgical recoveries. Gonneville, Australia's second-largest nickel sulphide deposit, is set for commercial production by 2029, producing green energy metals. Chalice plans to concentrate platinum group metals and copper into a copper concentrate with 25% copper content and 100-150 g/t platinum group elements.