CHN 0.00% $1.32 chalice mining limited

The Gonneville deposit is primarily a 3E deposit with Nickel...

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    The Gonneville deposit is primarily a 3E deposit with Nickel identified as one of the mineral by-products.

    Gonneville Project Mineral Resource Estimate 560Mt @ 0.88g/t Pd+Pt+Au (3E), 0.16% Ni, 0.09% Cu, 0.015% Co (~0.54% NiEq or ~1.7g/t PdEq); Containing 16Moz 3E, 860kt Ni, 520kt Cu and 83kt Co (~3.0Mt NiEq or ~30Moz PdEq).

    Including a higher-grade sulphide component of the Resource (>0.6%NiEq cut-off) of:120Mt @ 1.6g/t 3E, 0.20% Ni, 0.18% Cu, 0.017% Co (~0.9% NiEq or ~2.7g/t PdEq);Containing 5.8Moz 3E, 230kt Ni, 210kt Cu, 20kt Co (~1Mt NiEq or ~10Moz PdEq).

    Chalice has commenced the Pre-Feasibility Study (PFS), targeted for completion in mid-2025, which will assess several development cases with the aim of determining the preferred case to progress to a Feasibility Study. The large scale, shallow polymetallic Gonneville Resource has inherent development optionality which required ongoing detailed optimisation work as part of the PFS. Metallurgical test work, process flowsheet design and optimisation is continuing. The Study assumes that Gonneville is currently scoped to produce a copper smelter concentrate (Cu-Pd-Pt-Au) for sale to a copper smelter, a Mixed Hydroxide Precipitate (Ni-Co) for sale to a precursor cathode active material (PCAM) refinery and potentially a PGE-Au doré for sale to a PGM refinery. Chalice also expects to commence the regulatory approvals process for the Project in H1 2024, based on the development envelope presented within the Scoping Study, which is located entirely on Chalice-owned farmland.

    In reference to the silicon reference is a link explaining the geology at the Norilsk nickel deposit:

    https://www.pnas.org/doi/full/10.1073/pnas.1611086114?doi=10.1073%2Fpnas.1611086114

    We are still to find out the true geology of CHN's Julimar intrusive complex as they have only started to drill after finally receiving the Government approvals. Drill results pending at the minute!
 
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