DJ Chalice's Gonneville Economics Could Get Lift From Underground Ore -- Market Talk 2232 GMT -- Chalice Mining's stock has been heavily sold off since a scoping study for its Gonneville base-metals deposit in Western Australia suggested any development would be less profitable than the market had hoped. Still, Macquarie stays bullish and highlights the study didn't integrate any underground ore sources. "The addition of a 3 million tons per annum underground operation would materially increase the economics of Gonneville due to the addition of higher-grade ore," Macquarie says in a note. "But we note 97% of the underground resource at Gonneville is in the inferred category, and further resource definition drilling is required to enable its integration into the upcoming pre-feasibility study." ([email protected]; @dwinningWSJ) (END) Dow Jones Newswires September 06, 2023 18:32 ET (22:32 GMT) Copyright(c) 2023 Dow Jones & Company, Inc. Thursday 07 September 2023 08:32:00.000 AEST
*Don't let shorters like Jefferies dictate the narrative.
Ann: Gonneville Nickel-Copper-PGE Project Scoping Study, page-1061
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