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The Hawkstone Nickel-Copper-Cobalt Project covers 1,800km in the frontier
                                                                                                                                      2
   and largely unexplored King Leopold Orogen of the west Kimberley







                   600,000mE                         700,000mE                         800,000mE                              • Frontier province highly prospective for
                                                                                                   50km                          magmatic Ni-Cu-Co sulphide deposits
                                                                                                                   N      8,200,000mN  • Minimal modern exploration



                                                                                                                              • 2015 Merlin discovery by Buxton

                                                                                                                                 Resources (ASX: BUX) highlighted
                                                                                                                  WA
                                                                                                                                 potential of Ruins Dolerite

                                                                                                                              • Independence Group (ASX: IGO)
                                                                 Ruins Area
                                                                                                                                 entered the region in late 2018 with a
                     Merlin Ni-Cu-Co                                                                                             regional JV with Buxton
                         Prospect
                       (Buxton-IGO)                                                                                       8,100,000mN  • Chalice now a significant player:


                                                                                               EL Applications over
                                                                                              Hart Dolerite outcrop
                                                                                                                                                             2
            Derby                                                                                                                              • 600km Ruins Area
                                                                                                                              Ruins                acquired in June 2019
                                                                                                                              Dolerite         • Immediately SE of Merlin

                             Chalice Tenure                                                                                                        (proven host)
                             Buxton-IGO JV Tenure
                                                                                                                                                               2
                             Ruins Dolerite (mafic intrusive)                                                                                  • 1,200km of EL applications
                             Hart Dolerite (mafic intrusive)                                                                                       made in late 2018
        Hawkstone            Kimberley Basin                                                                              8,000,000mN  Hart
          Project                                            EL Application over                                              Dolerite
      Province map and       King Leopold Orogen             area of interpreted                                                               • Conceptual host to
        licence holders      Canning Basin                  covered Hart Dolerite    Fitzroy Crossing                                              magmatic sulphides
                                                                                                                                                                                            19
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