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Author: ekhazzaka

Red Cloud |

Chalice Mining Ltd. (ASX:CHN) – Gonneville: Largest PGE Resource in Australian History

Chalice reported an initial resource estimate for the Gonneville PGE-Ni-Cu-Co-Au deposit, located within its 100%-owned Julimar Project in Western Australia. Between the indicated (45%) and inferred (55%) resource categories, Chalice reported an estimate of 330Mt at 0.94 g/t Pd-Pt-Au, 0.16% Ni, 0.10% Cu, 0.016% Co. Importantly, the Gonneville discovery only covers 7% of the ~26km long Julimar Complex which remains open to the north and at depth. We believe these results are positive and an important milestone for the company. The next step for the project is a scoping study, which is expected in Q2/22, and we anticipate news on permits to drill in the Julimar State Forest in the coming weeks.

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