Chalice Mining outlines plan for Gonneville PGM-nickel-copper-cobalt project, targets FID in 2028

• Chalice Mining outlined progress on its 100%-owned Gonneville PGM-nickel-copper-cobalt project at RRS Gold Coast 2026.
• Final investment decision targeted in H1 CY28, with feasibility study, approvals, offtake talks, financing advancing in parallel.
• Pre-tax NPV8 of AUD 1.4 billion, 23% IRR, 2.7-year payback in the base case; pre-production capex forecast at AUD 820 million.
• Average annual output modelled at 220,000 oz 3E, 7,000 tonnes nickel, 8,000 tonnes copper, 700 tonnes cobalt over 23 years.
• Balance sheet showed about AUD 59 million cash and listed investments, with zero debt; market cap AUD 513 million, enterprise value AUD 462 million.

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