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nIcKeL PReVIeW

managing director Alex Dorsch said. That Julimar is just 70km Alex Dorsch
“I don’t want to be promising that we north-east of Perth adds to the
are going to find more but I think there is uniqueness of the discovery,
a whole new wave of discoveries that are with Chalice recently receiving
going to eventuate subsequent to Julimar. positive results from early-stage
“It is certainly shaping up as some- metallurgical test work complet-
thing significant, adding PGEs to the mix ed on a range of mineralisation
as well. It is something quite unusual for styles from the wider Gonneville
Australia and really has the potential, in project.
our view, to be the first major palladium Dorsch said that results from
discovery for Australia with decent nickel- selected samples had provided
copper-cobalt-gold platinum credits as encouragement for the compa-
well,” he said. ny that the sulphide-hosted min-
Chalice sparked massive interest in Ju- eralisation at Gonneville, includ-
limar when it intersected 19m @ 2.59% ing Julimar, would be amenable
nickel, 1.04% copper, 8.37 g/t palladium to conventional flotation.
and 1.11 g/t platinum from 48m in fresh “While it is still early days in
rock from the first hole drilled at the pro- what is likely to be an extensive
ject. metallurgical test work pro-
The market reacted quickly and backed gramme, this is an encouraging
Chalice in with a $30 million capital rais- step forward in de-risking the
ing in May to continue exploring at Julimar, project and lays the founda-
while also driving the company’s explora- tion for a comprehensive pro-
tion strategy at the Pyramid Hill gold pro- gramme of metallurgy and min-
ject in Victoria. eralogical studies on the various
“We are surprised [by the market’s re- mineralisation styles at Gonnev-
action], but at the same time not really, ille, to be completed in the lead
because the market reacts to significant up to mining feasibility studies,”
nickel sulphide discoveries anywhere Dorsch said.
in the world, no matter where they are,”
Dorsch said. – Mark Andrews

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