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Tag: Chalice Mining Ltd.

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Chalice Mining Ltd. (ASX:CHN) – High-Grade Step-Out Drilling Extends Gonneville at Depth

May 3, 2022

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.

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Red Cloud | redcloudfs.com

Precious Metal Picks – Metal Prices Flying as Russia Invades Ukraine

February 24, 2022

We are seeing precious metals rise in the shadow of the Ukraine invasion. Gold is trading around US$1923.80/oz, down a couple percent on short term profit taking since reaching a high of US$1,975/oz overnight. Kitco News notes that the next resistance levels could be between US$2,022/oz and US$2,089/oz. Some such as Frank Holmes of US Global Investors is suggesting that 20% volatility in gold is a non-event, and that gold could go to US$2,800/oz. Other commodities are also moving.

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Red Cloud | redcloudfs.com

Chalice Mining Ltd. (ASX:CHN) – New Zone Discovered at Julimar; Highlights Blue-sky Potential

December 3, 2021

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 drilling has discovered a new ultramafic intrusive unit to the west of the Gonneville deposit. With 17M oz PdEq or 1.9Mt NiEq in I&I resources at Gonneville the continued discovery of new areas will likely lead to an expansion of the resource base. The next important milestone for the project is a scoping study, which is expected in Q2/22.

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Red Cloud | redcloudfs.com

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

November 10, 2021

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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Red Cloud | redcloudfs.com

Q3 Producer Preview & Commodity Price Update – Lowering Gold Price Forecasts While Most Commodities Increased

October 13, 2021

Q3 operating and financial results are to be announced over the next few weeks. While gold is out of favour, prices have been trading within a narrow window that have allowed companies to continue to turn profits, despite an uncertain outlook. Late summer was hard on most commodities as precious and industrial metals alike fell on a slowdown in global economic growth due to surging fuel prices, Chinese power restrictions, labour shortages, disrupted global supply chains and a stronger USD. Metal prices came under further pressure as major property developer Evergrande missed further bond payments, impacting iron ore and copper prices. With this update, we provide new commodity price and FX forecasts, updated coverage estimates, and a fresh set of top picks.

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