Chalice Mining's Julimar Project: Green-Light for Stage 3 Exploration Drilling

The approval for Stage 3 of the conservation management plan and exploration drilling program has been granted by the Western Australian Government for Chalice Mining's Julimar exploration project.

Commencing shortly, the exploration drilling will span the interpreted strike length of over 30 km within the Julimar Complex, situated in the western wheatbelt region of WA. The comprehensive initiative includes targeted exploration diamond drilling at the Torres, Jansz, and Baudin targets, additional exploration drilling at Hooley, and air-core drilling covering the entire Julimar Complex.

The primary goal of this drilling program is to evaluate the potential for discovering high-grade nickel, copper, and platinum group elements (PGE). The air-core program specifically focuses on assessing the full extent of prospective ultramafic-mafic geology across the Complex, identifying new targets for subsequent drill testing.

Anticipated to extend for a minimum of six months, the exploration endeavors adhere to strict environmental management and monitoring requirements outlined in the program of work and conservation management plan. Chalice Mining emphasizes the commitment to environmental protection by confining all drilling activities to existing access tracks and non-vegetated areas, ensuring minimal impact on the environment. The company will maintain the same stringent environmental controls applied in the Julimar State Forest, utilizing small-footprint tracked drill rigs on established tracks and non-vegetated zones.

The Julimar exploration project encompasses the Gonneville deposit, which recently demonstrated "excellent results" in bench-scale hydrometallurgical test work.