Ann: Extensive Ni-Cu Soil Anomalism at Julimar, page-219

Haha not a new discovery? Well now I know you're kidding. That drilling by Creasy is publicly available and did assay for PGEs so where does that fit in? Plus, although the Creasy drilling is the only historical drilling in the immediate vicinity, it is still a significant distance from the Gonneville DISCOVERY.

The Coates Layered Intrusion is clearly further to the south where the Coates Vanadium deposit is located and it's not continuous to the nth (have a look at the magnetics again). The Julimar Complex is a previously unidentified layered intrusive. It contains ultramafic so is not a clear analogy to the Stella Intrusion (from the little research I've done). This obviously gives it a significant advantage (which is also now proven) to host large widths of PGE-Ni-Cu mineralisation instead of thin sub-metre, though high-grade, mineralisation. It also gives the prospectivity of having multiple orebodies in multiple intrusions which obviously Chalice believes in as do most of the shareholders still holding, including myself. This is a significantly higher value target than any vanadium mineralisation.

Bas.