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ASX Announcement March 2021 Quarterly Activities Report chalice 30 April 2021 Julimar emerging as a new world - class nickel - copper - PGE district Highlights Julimar Nickel - Copper - PGE Project , Western Australia ( 100 % -owned ) • • • ~ 90,000m of drilling completed to date at the ~ 1.8km x > 0.9km Gonneville Intrusion ; seven rigs are continuing the ~ 160,000m step - out and resource definition drill program . Drilling has expanded the G4 - G11 high - grade zones to the north - east and the G1 - G2 zones down - dip , while infill drilling continues to confirm the current geological interpretation . Given the continued expansion of the Gonneville mineralised footprint , necessitating additional definition drilling , the maiden Mineral Resource Estimate is now anticipated in late Q3 2021 . Promising early - stage locked - cycle metallurgical testwork results from high - grade G1 - G2 zone composites - metal recoveries of 86.3 % Pd , 73.9 % Pt , 70.7 % Ni , 80.9 % Cu and 73.0 % Co into two separate concentrates . A further four private properties acquired at Gonneville , taking the total Chalice - owned freehold land to approximately 17km² ( covering all known mineralisation ) . The Gonneville discovery is being progressed rapidly through resource definition and into preliminary economic studies , in parallel with initial exploration activities across the largely unexplored > 2,000km² project area . Initial soil sampling and first - pass ground EM surveys completed at the ~ 6.5km long Hartog Target ; results highlight the potential for the Gonneville discovery to expand considerably along strike to the north . Initial environmental surveys are underway in preparation for initial drilling at Hartog , targeted in Q3 2021 , subject to access approvals . A new interactive 3D model of the Project can be viewed here : https://inventum3d.com/c/chalicemining/julimar Pyramid Hill Gold Project , Victoria ( 100 % -owned ) 11 hole , 3,840m Phase 2 diamond drill program completed at Karri intersected in wide - spaced holes over > 2.5km of strike length . - further high - grade gold zones Two new regional targets defined in the ongoing ~ 30,000m reconnaissance AC drill program at the Muckleford and Mt William areas . Barrabarra Nickel - Copper - PGE Project , Western Australia ( 100 % -owned ) New ~ 4km x ~ 0.6km coincident Cu - Cr +/- Ni - Pd soil anomaly identified , associated with a 4km east- west trending aeromagnetic feature - initial ground EM survey planned in Q2 2021 . Corporate • Highly regarded global mining executive Stephen McIntosh appointed as Non - Executive Director . Executive team strengthened with appointment of General Manager - Environment and Community and Study Manager - Julimar Project . Chalice remains fully funded with ~ $ 121 million in cash as at 31 March 2021 . Registered Office ABN 47 116 648 956 Level 2 , 1292 Hay Street West Perth , Western Australia GPO Box 2890 , Perth WA 6001 T : +61 8 9322 3960 F : +61 8 9322 5800 info@chalicemining.com www.chalicemining.com @chalicemining in chalice - mining