Page 173 - ANC-Presentations-Full-18-10_Neat

Chalice’s immediate focus is the Ruins Area, where several nickel sulphide

targets have already been defined

• Merlin (IGO-Buxton) hosts drill intercepts
in Ruins Dolerite with grades up to

8.14% Ni, 5.26% Cu and 0.69% Co 1

• 11 airborne EM targets defined by

Merlin
(IGO-Buxton) Chalice to date along strike to SE and E
Several high-
grade Ni-Cu-Co of Merlin
drill intercepts
(up to 8% Ni)
• Ground based MLEM completed,

identifying several high-priority EM
targets
King Sound Area
~8km Ruins Dolerite outcrop
Quick Shears
Several airborne EM
(IGO-Buxton) anomalies identified • 2 x ~5,000 Siemens conductors
Ni-Cu sulphide
outcrop identified at the ~2.5km x ~1.5km
Ephesus Target
Waterford Area

Ephesus Target • Maiden drill program at Ephesus in
2 x ~5,000S discrete
shallow MLEM conductors Sept-21

Hawkstone Nickel occurrence Ruins Dolerite Dev onian cover
Project EM Targets Hart Dolerite Paperbark Supersuite 1. Buxton Resources Ltd (ASX:BUX) announcement 11 March 2019.
Ruins Area Regional Chalice Tenure Whitewater Volcanics Speewah Group
Geology &
Occurrences IGO-Buxton JV Tenure Marboo Formation 34