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Initial drilling at Hartog in early Q4 and maiden Mineral Resource Estimate

in mid Q4 represent significant upcoming milestones

2021

Q1 Q2 Q3 Q4

Julimar State Forest
Reconnaissance Ground EM, gravity and soil sampling Infill ground EM and soil sampling
exploration

Environmental Stage 2 CMP assessment
1
Access approvals surveys (drilling activities) 2

Diamond drilling Initial recon drilling at Hartog 2
(2-4 rigs)
Gonneville

RC drilling 160m x 80m step-out grid → 40m x 40m infill grid to ~250m deep for indicated category resources (2-3 rigs, ~95,000m)
Mar-2020

Diamond drilling Step-out + 40m x 40m infill grid beyond 250m deep for indicated/inferred category resources (4-5 rigs, ~65,000m) Step-out +
Apr-2020 Geotech / met
Metallurgical Phase 2 – G1-G6 sulphide zone flotation and leach Phase 3 – high-grade sulphide variability, disseminated sulphide flotation, comminution,
testwork Sep-2020 (oxide) testwork bulk concentrate enrichment

Resource modelling Preliminary grade-tonnage and pit-shell modelling MRE#1 modelling MRE #2

Other studies Mining, processing, marketing, hydrology, hydrogeology, waste rock characterisation and infrastructure
(scoping)

1 Conservation Management Plan – a plan outlining Chalice’s proposed exploration approach within the Julimar State Forest. Access to the Julimar State Forest for drilling activities 13
2
has not yet been granted. The Company continues to engage with relevant government entities to progress its CMP approval and the above timeline is an estimate only