Chalice Mining (OTCPK:CGML.F) Earnings Call Presentation

Project Overview - Gonneville is a globally significant palladium-nickel-copper project in Western Australia, poised to become a new critical minerals mine[1,9] - The project is expected to generate approximately A$4.7 billion in pre-tax free cash flow over an initial 23-year open-pit life[9,117] - Chalice Mining is funded to a targeted Final Investment Decision (FID) in H1 CY28[10,24,117] Resource and Reserve - The Gonneville Resource contains 17 million ounces of palladium-platinum-gold (3E), 960kt of nickel, 540kt of copper, and 96kt of cobalt[23] - The Ore Reserve is estimated at 7.1 million ounces of 3E, 400kt of nickel, 260kt of copper, and 43kt of cobalt[23] - The open-pit phase is designed for an initial 23-year life, exploiting approximately 50% of the Resource[21] Financial Metrics - The Pre-Feasibility Study (PFS) outlines a pre-tax Net Present Value (NPV8%) of A$1.4 billion and an Internal Rate of Return (IRR) of 23%[21] - The project boasts a rapid payback period of approximately 2.7 years at base case prices[21] - Average annual production is projected at 220koz of 3E, 7kt of nickel, 8kt of copper, and 0.7kt of cobalt[21,25] - The project is positioned as the lowest-cost PGM producer in the Western world, with All-In Sustaining Costs (AISC) of US$370/oz 3E[21] Project Execution and Upside - The project benefits from a low strip ratio of 1.2x for the open-pit mine plan[21,68] - Approximately 50% of the Resource remains unmined below the PFS pit, offering future growth potential[21,92] - Chalice Mining owns approximately 2,600ha of farmland surrounding the Resource, de-risking the project[64]