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The Julimar discovery has kick-started the new West Yilgarn Ni-Cu-PGE

         Province, which could deliver more major critical mineral discoveries




                                                                                                          •   Many of the ‘giant’ ortho-magmatic nickel-copper-PGE

                      Narryer                                                                                 sulphide deposits such as Norilsk, Jinchuan, Thompson and
                                                                         Burtville
                                                                         Terrane                              Voisey’s Bay are located proximal to the margin of cratons
                          Narryer                                                                         •   In WA, the eastern Yilgarn (Archean craton) hosts several
                          Terrane
                                                                                                              world-class nickel sulphide deposits with over 25Mt of Ni
                                                                                                              discovered since 1965


                                              Youanmi                                                     •   ~1,200km long western margin of the Yilgarn presents a similar
                                              Terrane                                                         geological setting, but is almost entirely unexplored
                                                                       Kurnalpi
                                                                        Terrane
                                        Barrabarra                                                        •   Chalice made the first major ortho-magmatic Ni-Cu-PGE
                                                                 Kalgoorlie                                   discovery in the region (Julimar), subsequently staking
                                                                  Terrane
       West Yilgarn Ni-                                                                                       >8,000km    2
      Cu-PGE Province –                            YILGARN
       discovered 2020,                            CRATON                               Kalgoorlie-       •   Chalice has ‘first mover’ advantage in this exciting new
       ~0.5Mt Ni to date                                                                Kurnalpi Ni           province – strong potential to deliver more major Ni-Cu-PGE
                                                                                        Province –            discoveries
                                                                                        discovered
       Gonneville PGE-
      Ni-Cu-Co Deposit                     Julimar                                    1965, >25Mt Ni
                         PERTH                                                                            •   Hundreds of potential host intrusions already identified in our
                                                                                                              area – AI assisted screening and prioritisation underway

                                                                                                          •   Rapid, low-cost exploration approach being used – EM, soil/
                                                                                                              auger sampling and shallow reconnaissance drilling
                                  South West
                                    Terrane                                                               •   Potential for highly variable mineralisation styles (Ni:Cu:PGE
                                           South West                                                         metal ratios) across the province

               N                                                                                          •   The prize is significant – more shallow G1 style massive
                                                                  Nickel Deposits                             sulphides with grades c. 3.2% Ni, 1.2% Cu, 10g/t PGE
                                                                  Chalice Tenure
                                                                                                                                                                                       17
    Source: S&P Global
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