Ann: Gonneville PGE-Ni-Cu-Co Project development plan defined, page-2

Category	Details

Development Plan

✔ Long-life bulk open-pit mine finalised ✔ Stage 1: Small throughput (Years 1–4) ✔ Stage 2: Expansion from Year 5

Process Flowsheet

✔ Locked in: Crushing → Flotation → Magnetic Separation → CIL ✔ 4 products: Cu-PGE-Au, Ni-Co-PGE, Iron, PGE-Au doré

Product Streams

✔ Cu-PGE-Au concentrate ✔ Ni-Co-PGE concentrate ✔ Iron byproduct (magnetite) ✔ Precious metal doré

Infrastructure

✔ Water pipeline LOI (Alkimos Facility) ✔ 132kV grid connection + hybrid solar/battery under review

Regulatory Path

✔ PFS on track for Q4 CY2025 ✔ ERD submission mid-CY2026 ✔ FID targeted for late CY2027

Environmental

✔ Modelling underway by GHD ✔ All infrastructure within Chalice-owned, cleared farmland

Financial Position

✔ A$83M in cash & listed investments (as at 31 Mar 2025) ✔ Fully funded through to FID (late 2027)