ANC-Presentations-Full-18-10_Neat

Kwinana Lithium Hydroxide Refinery



Train I commissioning in progress







First lithium hydroxide successfully

produced during August 2021








Saleable chemical grade product expected

during December 2021 Quarter








Battery grade product for customer

accreditation expected during March 2022

Quarter








Ramp up to nameplate capacity expected by

December 2022









25

Growth & Transformation














26

Exploration Strategy



Committed to investing in growth through discovery












FY22 Exploration Budget






Lake Mackay
Copper Coast
Raptor
A$9M

Kimberley
Project A$6M

A$65M A$33M







A$17M
Paterson
Project Nova &

Fraser Range













27

Exploration Strategy



Portfolio aligned to clean energy metals strategy












Primarily focused on high value magmatic

nickel and sediment hosted copper deposits












Pipeline of opportunities across the western

half of Australia









Leveraging IGO’s best in class exploration


team and the latest technology to maximise
opportunity of discovery












28

The IGO Process ™



Opportunity to capture value by delivering nickel sulphate for the battery industry











High metal extraction











Lower cost (1)












Lower emissions (1)











Lower waste (1)








1. Compared to existing alternative processes to convert nickel concentrate to nickel sulphate
29

Sustainability














30

Sustainability



Continued our commitment to leading performance and transparency
















Dow Jones Sustainability Australia Index
















S&P Global 2021 Sustainability Yearbook

















ESG Reporting rated as “Leading”








31

Our Response to Climate Change



Accelerating our proactive response in FY22













Adopted an internal carbon price








Scope 1 & 2 emissions reduction

programs being implemented







Investing in carbon removal and offsets


programs in FY22








Commitment to understand controllable
Scope 3 emissions










32

Our People



Enduring focus on people and building an iconic culture












Attract Develop Retain








































Developing and fostering the next generation of leaders







33

Summary














34

FY22 Focus
FY19 and 4Q19 Highlights


Building our clean energy metals business








➢ Execute on Lithium JV growth opportunities




➢ Continue delivering operational excellence at

Nova




➢ Maintain our commitment to unlocking value

through exploration and discovery




➢ Disciplined investigation of accretive

inorganic growth opportunities




➢ Continued investment in our people & culture




➢ Continued improvement in sustainability

practice and reporting while accelerating our

response to climate change








35



Cautionary Statements & Disclaimer









• This presentation has been prepared by IGO Limited (“IGO”) (ABN 46 092 786 304). It should not be considered as an offer or invitation to subscribe for or purchase any securities in IGO or as
an inducement to make an offer or invitation with respect to those securities in any jurisdiction.
• This presentation contains general summary information about IGO. The information, opinions or conclusions expressed in the course of this presentation should be read in conjunction with
IGO’s other periodic and continuous disclosure announcements lodged with the ASX, which are available on the IGO website. No representation or warranty, express or implied, is made in
relation to the fairness, accuracy or completeness of the information, opinions and conclusions expressed in this presentation.
• This presentation includes forward looking information regarding future events, conditions, circumstances and the future financial performance of IGO. Often, but not always, forward looking
statements can be identified by the use of forward looking words such as "may", "will", "expect", "intend", "plan", "estimate", "anticipate", "continue" and "guidance", or other similar words and
may include statements regarding plans, strategies and objectives of management, anticipated production or construction commencement dates and expected costs or production outputs. Such
forecasts, projections and information are not a guarantee of future performance and involve unknown risks and uncertainties, many of which are beyond IGO’s control, which may cause actual
results and developments to differ materially from those expressed or implied. Further details of these risks are set out below. All references to future production and production guidance made
in relation to IGO are subject to the completion of all necessary feasibility studies, permit applications and approvals, construction, financing arrangements and access to the necessary
infrastructure. Where such a reference is made, it should be read subject to this paragraph and in conjunction with further information about the Mineral Resources and Ore Reserves, as well as
any Competent Persons' Statements included in periodic and continuous disclosure announcements lodged with the ASX. Forward looking statements in this presentation only apply at the date
of issue. Subject to any continuing obligations under applicable law or any relevant stock exchange listing rules, in providing this information IGO does not undertake any obligation to publicly
update or revise any of the forward looking statements or to advise of any change in events, conditions or circumstances on which any such statement is based.
• There are a number of risks specific to IGO and of a general nature which may affect the future operating and financial performance of IGO and the value of an investment in IGO including and
not limited to economic conditions, stock market fluctuations, commodity demand and price movements, access to infrastructure, timing of environmental approvals, regulatory risks, operational
risks, reliance on key personnel, reserve and resource estimations, native title and title risks, foreign currency fluctuations and mining development, construction and commissioning risk. The
production guidance in this presentation is subject to risks specific to IGO and of a general nature which may affect the future operating and financial performance of IGO.
• All currency amounts in Australian Dollars unless otherwise noted.

• Quarterly Financial Results are unaudited.
• Net Debt is outstanding debt less cash balances and Net Cash is cash balance less outstanding debt.
• Cash Costs are reported inclusive of Royalties and after by-product credits on per unit of payable metal basis, unless otherwise stated.

• IGO reports All-in Sustaining Costs (AISC) per ounce of gold for its 30% interest in the Tropicana Gold Mine using the World Gold Council guidelines for AISC. The World Gold Council
guidelines publication was released via press release on 27 June 2013 and is available from the World Gold Council’s website.

• Underlying EBITDA is a non-IFRS measure and comprises net profit or loss after tax, adjusted to exclude tax expense, finance costs, interest income, asset impairments, gain/loss on sale of
subsidiary and Tropicana, redundancy and restructuring costs, depreciation and amortisation, once-off transaction costs, and foreign exchange and hedging gains/losses attributable to the
acquisition of Tianqi.
• Free Cash Flow comprises Net Cash Flow from Operating Activities and Net Cash Flow from Investing Activities. Underlying adjustments exclude acquisition costs, proceeds from investment
sales including Tropicana, and payments for investments and mineral interests.



2

ASX:LEG






Unlocking Rockford – Fraser Range, WA









PAYDIRT NICKEL CONFERENCE




5 October 2021


























ASX: LEG

DISCLOSURE








This is not a disclosure document. Any material used in this presentation is a summary of selected data, and any investor in
Legend Mining Limited should refer to all Legend Mining Limited ASX releases and statutory reports before considering to
invest in the company.
Any forward-looking information in this presentation has been prepared on the basis of a number of assumptions that may
prove not to be correct. Neither Legend Mining Limited, nor its officers, employees and advisors make or give any
representation, warranty or guarantee in relation to this presentation.
Legend Mining Limited reserves the right to update, amend or supplement the Information in this presentation at any time
in its absolute discretion without incurring any obligation to do so.
The information in this report that relates to Exploration Results is based on information compiled by Mr Oliver Kiddie, a
Member of the Australasian Institute of Mining and Metallurgy and a full-time employee of Legend Mining Limited.
Mr Kiddie has sufficient experience that is relevant to the styles of mineralisation and types of deposit under consideration,
and to the activity being undertaken, to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian
Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves” (JORC Code).
Mr Kiddie consents to the inclusion in the report of the matters based on his information in the form and context in which it
appears.

Important Notice
This Presentation does not constitute an offer to acquire or sell or a solicitation of an offer to sell or purchase any securities
in any jurisdiction. In particular, this Presentation does not constitute an offer, solicitation or sale to any U.S. person or in
the United States or any state or jurisdiction in which such an offer, tender offer, solicitation or sale would be unlawful. The
securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as
amended (the “Securities Act”), and neither such securities nor any interest or participation therein may not be offered, or
sold, pledged or otherwise transferred, directly or indirectly, in the United States or to any U.S. person absent registration
or an available exemption from, or a transaction not subject to, registration under the United States Securities Act of 1933.










2

Environmental, Social, and Corporate Governance
















Legend Mining prides itself on continuing, developing,


and maintaining excellent Stakeholder Relationships





Reflected in our updated ESG Policies found at:

www.legendmining.com.au
























‘Walking the Talk on Stakeholder Relationships’ 3

CONTENTS










1. Nickel Market Commentary




2. About Legend



➢ Investment case



➢ Rockford Project location


➢ Mawson Prospect




➢ Regional Exploration


➢ 2021 Activity Programs






3. Summary






‘A ‘green metal’ story from a project with enormous growth potential’
4

BATTERIES TO BECOME ALMOST 30% OF NICKEL MARKET BY 2030














































"Demand for nickel in batteries is estimated to grow by over 500% over the next decade,


in large part to support the world's rising demand for electric vehicles“

Vandita Pant, BHP Nickel West



‘A bigger slice of bigger pie’ 5

CORPORATE SNAPSHOT

RIGHT PEOPLE - RIGHT COMMODITY - STRONG CASH POSITION





Capital Structure and Financials



Market Capitalisation Cash
~$210M (2.7B @ 7.6c ps) $26.3M*



Options Debt

[email protected] 7-9/2022 Nil




Directors & Senior Management














Board of Directors Key Management
Michael Atkins (Chairman) Lyn Anderson (OM Corporate)
Mark Wilson (Managing Director) Derek Waterfield (GM Exploration)
Oliver Kiddie (Executive Director)
Tony Walsh (Company Secretary)


*As at 30 June 2021

‘Dedicated Staff, Driven by Success, All with Skin in the Game’ 6

WHY INVEST IN LEGEND?



✓ Right People

➢ Experienced corporate and technical team

➢ JV Partners and major shareholders

➢ - Creasy Group (regional experience)


➢ - IGO (regional experience)

2
✓ Biggest block on best street (~3000km )

✓ Nickel – Future Facing Commodity

✓ Strong cash position - $26.3M @ 30/6/2021


✓ Systematic exploration approach ongoing

✓ Mawson Discovery – December 2019

➢ RKDD034– December 2020


➢ 3x Massive Ni-Cu zones now discovered 2021

✓ Regional prospective targets including:

Octagonal, Magnus, Hurley, Crean, and +30 Untested Prospects


✓ Expenditure budget ~$15M for 2021




2
‘Circa 3000km of the most under-explored Nickel belt in the world’ 7

ROCKFORD PROJECT LOCATION





▪ Fraser Range, Western Australia





▪ 120km NE of Nova / 100km S of

Tropicana




▪ 100% within Fraser Zone





▪ Primary Exploration Target

Magmatic Ni-Cu-Co





▪ Outstanding Existing

Infrastructure

▪ Transport and Power


▪ Communications






‘Excellent infrastructure – 300km east of Kalgoorlie’ 8

WHY EXPLORE IN THE ALBANY FRASER BELT?























Mawson (Ni-Cu-Co)



























Note: Mawson details released by Legend (ASX releases 2021) IGO Nova Site Visit Presentation 2 August 2019 (p.58)


‘The Fraser Range is a compelling, potential world class Nickel Belt’ 9

FRASER RANGE – MAIN PLAYERS






Main Players
















































‘Want Fraser Range Nickel Exposure? – Legend is the Leverage Play’ 10

THE MAWSON INTRUSIVE COMPLEX




Greater Mawson



• 16kmx6km – interpreted as clusters of

intrusives


• Largely untested target areas



• Massive nickel-copper sulphide in

multiple diamond drill holes in

2020/2021 has increased prospectivity


• Geochemistry, geology and geophysics

have assisted in prioritising for

diamond drill targets



• 2 rig diamond drill program

commenced March 2021


• +$10M planned expenditure 2021






‘ 16km x 6km Cluster o f Prospective I ntrusions’ 11

MAWSON EVOLVING THROUGH SYSTEMATIC EXPLORATION



February 2021 August 2021




29 DD holes



Chonolith ~400m

strike length


1x Massive



Ni-Cu-Co Zone




34 DD holes



Chonolith +1.4km

strike length


3x Massive



Ni-Cu-Co Zones







‘ Mawson – A n Evolving S tory’
12

MAWSON INTRUSION - 3D MODEL
























































‘ Mawson Continues t o Evolve & Grow’ 13

MAWSON – PROJECT DE-RISKING - METALLURGY






Phase 1 Sighter Metallurgy Completed



RKDD034 – Massive Ni-Cu-Co Domain


✓ Recovery and concentration via

conventional flotation



✓ Separate Nickel and Copper

concentrates


✓ High recoveries Composite Head Assay

Cu (%) Ni (%) Fe (%) S (%) MgO (%)
✓ Outstanding Fe:MgO ratio Head assay 1.66 2.61 56.2 35.8 0.16

Preliminary Concentrates Produced
✓ No deleterious elements Bulk Concentrate Copper Concentrate Nickel Concentrate

Nickel Copper Grade Grade Grade
✓ Optimisation to yield further Recovery Recovery (Cu+Ni)% Recovery (Cu%) Recovery (Ni%) Fe:MgO

improvement Rougher 99.2 99.9 4.5 93.1 24.2 91.7 2.68 1884
Cleaner 88.2 99.0 12.0 84.1 31.8 80.0 13.1 380





‘ High Value Nickel & Copper Concentrates via Co nventional Flotation’ 14

MAWSON – PROJECT DE-RISKING - ENVIRONMENTAL













Phase 1 Environmental Surveying

Completed



Level 1 Flora & Fauna Survey

Completed


✓ Large Survey Area >1600ha.



✓ No PEC’s or TEC’s identified


✓ Focused Future surveys to refine

footprint














‘ Level 1 F&F Completed across M awson’ 15

ROCKFORD REGIONAL TARGETS





Regional Target Pipeline – Testing 2021




▪ Project scale target analysis identifies



over 30 new highly-ranked targets




▪ Innovative MLTEM scheduled for highest



ranked targets



▪ Diamond drilling Octagonal, Magnus,




Hurley, and Crean underway



▪ +$4M planned regional expenditure



2021






‘ Regional Targets in A ddition t o M awson – Targeting t he Next Nova’
16

OCTAGONAL & MAGNUS PROSPECTS








Two ‘Eye’ Feature Intrusions




• Distinctive Nova type ‘eye’ features




• Aircore drilling identified prospective



Ni-Cu intrusions and sulphides




• Right intrusive rocks for nickel-copper



e.g. Voisey’s Bay




• Diamond drilling & DHTEM underway












‘ Two P rospective I ntrusions on t he Nova-Silver K night S tructure’
17

MAGNUS PROSPECT








• Distinctive ‘eye’ feature (4.5km x




1.2km)



• Aircore drilling identified troctolite



and fractionated norite




• First diamond drillhole intersects



Right intrusive rocks for Ni-Cu




e.g. Voisey’s Bay



• Basal contact below 600m?








‘ Same H ost R ocks a s Voisey’s Bay’
18

OCTAGONAL PROSPECT





• Distinctive ‘eye’ feature (4km x 2km)



• Third publicly disclosed occurrence of



massive nickel-copper sulphide in Fraser



Range



• Fertile system, multiple Ni-Cu intercepts



over +3km strike length



• Many similarities to Nova intrusion



• First diamond drillhole intersects



primary Ni-Cu sulphide with large EM



conductor




‘ Fertile Ni -Cu I ntrusion akin t o No va’
19

OCTAGONAL ‘EYE vs NOVA ‘EYE’








Identical Fold Features



• Distinctive ‘eye’ feature



(4km x 2km)


• Nova-Bollinger



Mineralisation 450m-


600m below surface



• Octagonal intrusion


thicker >1000m?



• Below surface EM reach









‘ Octagonal…the t win s ister of Nova?’
20

HURLEY PROSPECT













• Anomalous Ni-Cu Geochemistry




e.g. RKAC1032 12m @ 0.19%Ni, 0.02%Cu



RKAC1100 9m @ 0.06%Ni, 0.05%Cu



• Identified EM conductors



• Right rocks – mafic intrusives




• Diamond drilling & DHTEM underway










\


‘ Highly R anked Target’
21

CREAN PROSPECT













• Anomalous Ni-Cu geochemistry




e.g. RKAC520 11m @ 0.42%Ni, 0.01%Cu



RKAC538 28m @ 0.17%Ni, 0.02%Cu



• Identified EM conductors



• Right rocks – mafic intrusives




• Diamond drilling & DHTEM underway










\


‘ Evolving Prospect’
22

RECOGNISED INDUSTRY PROFESSIONALS













A & A CRAWFORD RN&N ENGLAND
Geological Research Consultants Petrologist






















Geochemical Services
Pty Ltd

















‘Legendteam supported by world class consultants – punching above our weight’ 23

ROCKFORD 2021 WORK PROGRAMS










2021 Jul Aug Sep Oct Nov Dec


Mawson Prospect

Target Generation

Diamond Drilling

Geophysics DHTEM







Regional

Statutory Approvals

Geophysics MLTEM/FLTEM/DHTEM

Aircore Drilling

Diamond Drilling Magnus/Octagonal Hurley/Crean










‘ Exploration O ngoing a cross t he Rockford P roject’ 24

BECOME A LEGEND!!












✓Right Project, Right Commodity, Right Time





✓Systematic, Persistent, Committed





✓Well Funded to Execute






✓Right People





✓Continue to Grow Shareholder Value













‘Committed Exploration to Grow Shareholder Value’ 25

Thank you











Oliver Kiddie

Executive Director







ASX:LEG











@LegendMiningLtd



www.legendmining.com.au 26

ASX: CHN | OTCQB: CGMLF








Advancing the world class Julimar

PGE-Ni-Cu-Co-Au discovery








Australian Nickel Conference


5 October 2021

Forward looking statements and competent person(s) disclosure





This presentation does not include all available Information on Chalice Mining Limited and should not be used in isolation as a guide to Disclaimer
investing in the Company. Any potential investor should also refer to Chalice Mining Limited’s Annual Reports, filings on sedar.com, Whilst care has been ex ercised in preparing and presenting this presentation, to the max imum extent permitted by law , the Company
ASX/OTCQB releases and take independent professional advice before considering investing in the Company. For further information and its representatives:
about Chalice Mining Limited, visit our w ebsite at chalicemining.com • Make no representation, w arranty or undertaking, ex press or implied, as to the adequacy, accuracy, completeness or
reasonableness of this Presentation;
Not an offer in the United States This presentation does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the • Accept no responsibility or liability as to the adequacy, accuracy, completeness or reasonableness of this Presentation; and
United States or any other jurisdiction. Any securities described in this announcement have not been, and w ill not be, regist ered under • Accept no responsibility for any errors or omissions from this Presentation.
the US Securities Act of 1933 and may not be offered or sold in the United States ex cept in transactions ex empt from, or not subject to,
registration under the US Securities Act and applicable US state securities law s. Competent Person and Qualifying Persons Statement
The Information in this presentation and the interactive 3D model that relates to ex ploration results for the Julimar Project is extracted
Forward-Looking Statement from the follow ing ASX announcements:
This document may contain forw ard-looking information, including forw ard looking information w ithin the meaning of Canadian • “High-grade nickel-copper-palladium sulphide intersected at Julimar Project in W A”, 23 March 2020
securities legislation and forw ard-looking statements w ithin the meaning of the United States Private Securities Litigation Reform Act of • “Preliminary results from second target at Julimar Project”, 24 March 2020
1995 (collectively, forw ard-looking statements). These forw ard-looking statements are made as of the date of this document and • “Significant nickel-palladium discovery confirmed at Julimar”, 15 April 2020
Chalice Mining Limited (the Company) does not intend, and does not assume any obligation, to update these forw ard-looking • “Second diamond hole intersects discovery zone at Julimar”, 20 April 2020
statements. Forw ard-looking statements relate to future events or future performance and reflect Company management’s • “Ex citing visual results from deep diamond drill hole at Julimar”, 5 May 2020
ex pectations or beliefs regarding future events and include, but are not limited to, the Company’s strategy, the completion of the • “Large-scale PGE system further ex panded at Julimar”, 11 May 2020
intended demerger, the estimated timing of drilling in the Julimar State Forest, the fair value of investments ultimately realised, the • “High-grade Ni-Cu-PGEs confirmed in discovery zone at Julimar”, 25 May 2020
estimation of mineral reserves and mineral resources, the realisation of mineral resource estimates, estimation of metallurgical • “Ex tension of w ide, high-grade PGE-Ni-Cu matrix zone at Julimar”, 15 June 2020
recoveries, the forecast timing of the estimation of mineral resources, the likelihood of ex ploration success at the Company’s projects, • “Chalice discovers new high-grade PGE-Cu-Au zone at Julimar”, 9 July 2020
the prospectivity of the Company’s ex ploration projects, the ex istence of additional EM anomalies w ithin the Julimar Project, the • “Significant ex tension of high-grade PGE-Ni-Cu-Co zones at Julimar”, 17 August 2020
forecast timing of the completion of the Gonneville Scoping Study, the timing of future ex ploration activities on the Company’s • “Positive preliminary metallurgical results at Julimar”, 1 September 2020
ex ploration projects, planned ex penditures and budgets and the ex ecution thereof, the timing and availability of drill results, potential • "Major new 6.5km-long EM anomaly identified at Julimar", 22 September 2020
sites for additional drilling, the timing and amount of estimated future production, costs of production, capital ex penditures, success of • “Significant new PGE-copper-gold horizon defined at Julimar”, 6 October 2020
mining operations, environmental risks, unanticipated reclamation ex penses, title disputes or claims and limitations on insurance • “Key Private Properties Secured at Julimar”, 16 November 2020
coverage. In certain cases, forw ard-looking statements can be identified by the use of w ords such as “aiming”, “could”, “deposit”, • “Significant high-grade PGE-Cu-Au ex tensions at Julimar”, 18 November 2020
“emerging”, “estimate”, “ex ceptional”, “favourable”, “forecast”, “highly”, “interpreted”, “likely”, “needed”, “planned”, “potential”, • “Chalice secures access to major new targets at Julimar”, 4 January 2021
“prospects”, “ongoing”, “robustness”, “significant”, ”targeted”, “unrivalled”, “w orld class” or variations of s uch w ords and phrases or • “Four new high-grade zones defined as Julimar continues to grow ”, 27 January 2021
statements that certain actions, events or results may, could, w ould, might or w ill be taken, occur or be achieved or the negative of • ‘More positive results from ongoing metallurgical testw ork at Julimar”, 16 February 2021
these terms or comparable terminology. By their very nature forw ard-looking statements involve know n and unknow n risks, uncertainties • “New EM Conductors and Nickel-Copper Soil Anomalies at Hartog”, 25 March 2021
and other factors w hich may cause the actual results, performance or achievements of the Company to be materially different from • “Resource drilling at Julimar delivers further grow th in high-grade zones”, 22 April 2021
any future results, performance or achievements ex pressed or implied by the forw ard-looking statements. Such factors may include, • “Ex tensive Ni-Cu Soil Anomalism at Julimar” 9 June 2021
among others, risks related to actual results of current or planned ex ploration activities; assay results of soil samples; w hether geophysical • “Resource drilling continues to define continuous high-grade zones at Julimar”, 2 July 2021
and geochemical anomalies are related to economic mineralisation or some other feature; obtaining appropriate access to undertake • “Tw elfth High-Grade Zone Defined at Julimar”, 2 August 2021
additional ground disturbing ex ploration w ork on EM anomalies located in the Julimar State Forrest; the results from testing EM • “Gonneville High-Grade Zones Ex tended at Depth”, 28 September 2021
anomalies; results of planned metallurgical test w ork Including results from other zones not tested yet, scaling up to commercial The Information in this presentation that relates to ex ploration results for the Pyramid Hill Project is extracted from the follow ing ASX
operations; changes in project parameters as plans continue to be refined; changes in ex ploration programs and budgets based upon announcements:
the results of ex ploration, future prices of mineral resources; grade or recovery rates; accidents, labour disputes and other risks of the • “First Diamond Drill Hole at Karri Hits Primary Gold Zone” 7 April 2020
mining industry; delays in obtaining governmental approvals or financing or in the completion of development or construction activities; • “Large gold system confirmed at Karri, Pyramid Hill”, 29 July 2020
movements in the s hare price of investments and the timing and proceeds realised on future disposals of investments, the impact of the • “Chalice announces intention to demerge gold assets”, 12 July 2021
COVID 19 epidemic as w ell as those factors detailed from time to time in the Company’s interim and annual financial statements, all of The Information in this presentation that relates to ex ploration results for the Haw kstone Project (formerly the King Leopold Project) is
w hich are filed and available for review on SEDAR at sedar.com, ASX at asx .com.au and OTC Markets at otcmarkets.com. Although the ex tracted from the follow ing ASX announcements:
Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those • “Chalice acquires highly prospective nickel sulphide project in w est Kimberley region of W A”, 18 June 2019
described in forw ard-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, • “Strong EM Conductors Identified at King Leopold Project”, 20 August 2019
estimated or intended. There can be no assurance that forw ard-looking statements w ill prove to be accurate, as actual results and The above announcements are available to view on the Company’s w ebsite at chalicemining.com. The Company confirms that it is
future events could differ materially from those anticipated in s uch statements. Accordingly, readers should not place undue reliance not aw are of any new information or data that materially affects the information included in the relevant original market
on forw ard-looking statements. announcements. The Company confirms that the form and context in w hich the Competent Person and Qualified Person’s findings are
presented have not been materially modified from the relevant original market announcements.
This announcement is authorised for release by the Disclosure Committee.


2

A unique exploration

specialist with a globally

significant discovery • Australia’s first major palladium discovery
• Emerging as a world-class, strategic deposit of critical,

‘green metals’ in a world-class jurisdiction

• Highly leveraged to battery (Ni-Cu-Co) and hydrogen
(PGEs-Ni) technology adoption









Click to add text


2
• >5,000km Pyramid Hill Gold Project in Bendigo Zone of
Victoria – several new high-grade gold zones undercover

• ‘Falcon Metals’ Demerger and IPO planned in Q4 2021
Click to add text












• Proven ability to discover and define mines

2
• ~A$116M in cash + investments
• ~4,000% TSR since Julimar discovery in March 2020


3
1 Subject to shareholder and regulatory approvals 2 As at 30 June 2021

Julimar is a ‘green

metals’ discovery








Highly versatile but rare metal used to The key battery cathode material in
remove nitrogen oxides (NOx) from EVs, high nickel NMC 811 batteries are
exhausts / hydrogen / ammonia the favoured chemistry
streams. NOx are 300x more potent than
CO as a greenhouse gas EV-driven nickel demand is forecast to
2
increase 19x by 2040; lack of new
~11Moz p.a. palladium market in deficit sulphide discoveries worldwide in
for nine consecutive years; supply recent years has created a significant
dominated by Russia forecast supply shortage
















These metals are


needed to decarbonise Used extensively in the green energy Highly effective catalyst (similar to Pd) in

the global economy and industry including in renewables, energy hydrogen applications, including green
storage and EVs
hydrogen production and fuel cells
address climate change Copper demand is forecast to outstrip Ongoing deficit and supply challenges;
supply by mid-2021; lack of new large-
scale discoveries worldwide supply dominated by South Africa


Source: Johnson Matthey PGM Market Report 2021, BNEF Elect ric Vehicle Out look 2020, IEA, S&P Global CM Copper Feb 21.

Julimar Nickel –


Copper-PGE Project


Western Australia

High-grade PGE-Ni-Cu-Co sulphide was intersected in the very first drill

hole at Julimar – a remarkable new discovery in a new province





• Greenfield project staked in early 2018 (100% owned)


• First drill hole in March 2020 intersected 25m @ 8.5g/t Pd, 0.9g/t Pt,
0.1g/t Au, 2.0% Ni, 0.9% Cu, 0.11% Co from 46m


• Discovery made ~70km NE of Perth – named Gonneville



• Gonneville is at the southern end of a >26km long, unexplored layered
mafic-ultramafic complex (the Julimar Complex)


• Gonneville discovery made on private farmland; remaining ~24km of
strike along the Julimar Complex yet to be drilled (access pending)


2
• >8,000km of new licence applications since the discovery in the new
West Yilgarn Ni-Cu-PGE Province → leveraging our competitive
advantage to make additional discoveries


• Favourable location with direct access to major highway, rail, power,

port infrastructure as well as large local workforce




• Gonneville discovery being advanced rapidly in parallel to initial
regional exploration (area almost totally unexplored for Ni-Cu-PGEs)


6

The exceptional Gonneville PGE-nickel-copper-cobalt-gold sulphide

discovery is just the first along a >26km long intrusive complex











Julimar Complex
WA • Interpreted >26km long mafic-
ultramafic intrusive complex











Baudin, Jansz & Torres Targets (untested)
• Large AEM and Ni-Cu soil anomalies
comparable to Gonneville





Hartog Target (untested)
• ~6.5km long AEM anomaly, with coincident ground EM
and Ni-Cu-soil anomalies comparable to Gonneville
• Drilling targeted to commence in early Q4 2021*



Gonneville Deposit
• ~600 holes drilled across ~1.8km x 0.9km intrusion, open to the north
• 13 shallow, high-grade PGE-Ni-Cu-Co+/-Au zones – 11 remain open
• Maiden Mineral Resource Estimate targeted for mid Q4 2021
* Subject to access approvals

Gonneville is emerging as a world class, strategic deposit of critical metals,

with a range of PGE-Ni-Cu-Co-Au mineralisation styles






• >1.9km x 0.9km x 0.8km
intrusion, open to the north and
at depth, hosting:
• 13 shallow high-grade PGE-
Ni-Cu-Co+/-Au sulphide
zones (G1-G13, using >1g/t
Pd cut-off) – 11 remain open
• >250 high-grade (>1g/t Pd)
sulphide intersections
outside the 13 high-grade
zones

• Widespread PGE-Ni-Cu
mineralisation associated
with disseminated sulphides
(0.5-2.0g/t PGEs+Au)
surrounding the high-grade
zones

• Widespread Pd-rich oxide
zones (0.8-1.5g/t Pd) from
surface to a depth of ~25m

• ~600 holes for ~155,000m
completed to date – resource
modelling underway






8

The 13 high-grade zones have significant strike length and extend from

~25m to ~600m below surface thus far



3D view looking north-west over the Gonneville Intrusion (grey)



















































9

Wide-spaced step-out drilling is now targeting extensions of the high-grade

G1-G6 zones, with ~1,000m of potential plunge extent still untested




3D view looking east-south-east over the Gonneville Intrusion (grey)


















































10

Immediately north of Gonneville, the Hartog Target is the highest priority

within the >26km long Julimar Complex – drilling targeted in early Q4 2021




Hartog

• ~6.5km long gravity-
AEM anomaly

• ~30 ground EM
conductors and multi-
kilometre scale Ni-Cu
soil anomalies,
comparable to
Gonneville pre-
discovery

• Coherent Cr soil
anomaly – interpreted
as mafic-ultramafic
geology

Baudin-Jansz-Torres

• Multiple gravity-AEM
anomalies


• Multi-kilometre scale
Ni-Cu soil anomalies

• Drilling planned on
farmland in Q4 2021


Not e: Drilling t argeted in
early Q4 2021, subject to
access approvals 11