Chalice Mining Ltd. (ASX:CHN) – High-Grade Step-Out Drilling Extends Gonneville at Depth
Chalice reported additional infill and step-out drilling results from its 100%-owned Julimar Ni-Cu-PGE project located in Western Australia. We view these results positively, as they have demonstrated the potential to extend the Gonneville resource at depth. We note that these results are likely to lead to an addition to the resource and a deeper pit at Gonneville, which is currently host to 17M oz PdEq or 1.9Mt NiEq in I&I resources. Moving forward, the next important milestones for the project include a scoping study (Q3/22), and an updated resource estimate, anticipated to be released in June.