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CHALICE MINING LIMITED Capital/Financing Update 2006
64649_rns_2006-03-21_3104e950-5980-4769-9a73-a348727f48cf.pdf
Capital/Financing Update
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ASX PERTH
Challes Gold Mines Limited Level 2, 1292 Hay Street
Wast Perth Western Australia 6005 GPO Box 2890 Perth Western Australia 6001 Phone: +618 9322 3960 Fox: +618 9322 5800 [email protected] Email: www.cholcogold.com $W$ eb;
$P.8/26$
NO.929
21 March 2006
Australian Stock Exchange Exchange Plaza 2 The Esplanade Perth WA 6000
Dear Sirs
Statement of Commitments
We detail below an updated statement of commitments based on actual funds raised under the Prospectus. These commitments are materially unchanged from those detailed within the Prospectus dated 3 February 2006.
| Budgeted Expenditure | ||
|---|---|---|
| Drilling and exploration projects | 5,306,800 | |
| ASX listing fees | 35,599 | |
| Capital raising fees | 578,188 | |
| Tenement acquisition expenses | 238,786 | |
| Corporate and administrative | 1,340,627 | |
| Total | 7,500,000 |
Yours faithfully
Altak
RICHARD HACKER Company Secretary