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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

                    Merlin
                 (IGO-Buxton)                                                                                         • 11 airborne EM targets defined by
                 Several high-
                grade Ni-Cu-Co                                                                                           Chalice to date along strike to SE and
                 drill intercepts
                 (up to 8% Ni)                                                                                           E of Merlin

                                                                                                                      • Ground based MLEM completed,

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

          Waterford Area                                                                                                 identified at the ~2.5km x ~1.5km
                                                                                                                         Ephesus Target
                       Ephesus Target
                     2 x ~5,000S discrete
                   shallow MLEM conductors
                                                                                                                      • Maiden RC drill program underway

                    Hawkstone            Nickel occurrence         Ruins Dolerite           Devonian cover
                      Project            EM Targets                Hart Dolerite            Paperbark Supersuite
                  Ruins Area Regional    Chalice Tenure            Whitewater Volcanics     Speewah Group
                     Geology &                                                                                                                                                              20
                     Occurrences         IGO-Buxton JV Tenure      Marboo Formation
   158   159   160   161   162   163   164   165   166   167   168