Julimar

Just doing a piece of follow up on the CHN announcement of the 22 Sept 2020 on the results of the Aero mag results of Julimar. Dev's exploration tenements(in application) lie 30 km south of the Gonnerville intrusion(Julimar discovery).This discovery is still in its very early stages and with money to throw at the discovery and the three anomalies turned up in expanded area it is looking very promising for future discoveries and naturally for us. For us we have to wait for the granting of the tenement which I was told was up to one year but could be less or longer if it strikes opposition but that is unlikely.
The take aways that make Julimar interesting from Dev"s point of view are;

Three new large EM anomalies identified (Hartog, Baudin and Jansz) in recent airborne EM survey at
the 100%-owned Julimar Ni-Cu-PGE Project in WA.
• New Hartog EM Anomaly extends ~6.5km beyond the northern limit of drilling at the ~1.6km x 0.8km
Gonneville Intrusion, where Chalice made a significant greenfield PGE-Ni-Cu-Co discovery in March.
• Results highlight the district-scale Ni-Cu-PGE potential of the ~26km long Julimar Complex.
• Four rigs continue the resource drill-out at Gonneville, with assay results pending for 50 holes.

Jansz ..18km east of Gonnerville..so that a corridor appears to exist that may line up with our tenements

Our exploration tenements in application do not appear to have the same marked features as the line of hills around Julimar but in explanation Chalice pointed out "“Airborne EM is an effective first-pass screening technique that can detect shallow conductive sources,
such as nickel sulphide mineralisation. It is important to emphasise though that our experience at
Gonneville to date has shown that some high-grade mineralised zones do not necessarily have a strong
EM response using either airborne or ground-based techniques. Therefore, the absence of a strong latetime airborne EM response does not preclude the presence of mineralisation elsewhere within the Julimar
Complex.
Further it goes on to say that "This suggests that less magnetic areas within the Complex may also be highly
prospective – also a positive indication for EM Conductor X, currently being tested by diamond drilling
immediately north-west of Gonneville.

In summary I can see this appreciating and if developments at Julimar continue all hell could break lose with the SP on the granting of exploration licenses