1 Location ~70km NE of Perth, Western Australia Ontario, Canada 2 Ownership 100% Chalice Mining Generation Mining (82.5% ownership) 3 Deposit Type PGE-Ni-Cu-Co Sulphide (Julimar Complex) Palladium-Copper Open Pit 4 Project Stage Pre-Feasibility Study (PFS) underway, completion targeted mid-CY25 Feasibility Study completed, permitting advanced 5 Resource (3E: Pd+Pt+Au) 17Moz 3E; 960kt Ni, 540kt Cu, 96kt Co ~7.1Moz PdEq (Measured & Indicated); ~1.3Moz PdEq Inferred 6 Ore Processing Flotation + Carbon-in-Leach (CIL) for Pd/Au recovery Flotation only 7 Product Cu-PGE-Au concentrate (22–26% Cu, 45–60g/t 3E); Ni-Co-PGE (7.5–8.7% Ni, 0.8% Co, 18–20g/t 3E) Palladium concentrate (~260,000 oz Pd per year avg) 8 Metallurgical Recovery (Pd) 76–81% (Yr1–4); 70–75% (Yr5+); oxide: ~50% ~84% for Pd (Feasibility Study) 9 All-In Sustaining Cost (AISC) ~US$470/oz 4E (2023 Scoping, expected to decrease) ~US$809/oz PdEq (2021 Feasibility Study) 10 Initial Capital Cost Reduced from ~A$510M due to flowsheet simplification ~C$665M (including contingency) 11 Mine Type Shallow Open Pit (starter case), possible underground later Large Open Pit 12 Power Savings ~30% via HPGR use in comminution Standard SAG-ball mill circuit 13 Timeline to Production Targeting FID ~2026, Production ~2029 Construction-ready pending financing and approvals 14 Offtake Strategy Strategic MOU with Mitsubishi; target western smelters Offtake agreements in progress, with focus on palladium concentrate buyers 15 Key Advantage Largest palladium-nickel-copper resource in Western world; low-cost; simplified flowsheet High PdEq grade and strong recovery; permitted and construction-ready 
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