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CHALICE MINING LIMITED Capital/Financing Update 2021

Aug 1, 2021

64649_rns_2021-08-01_d06e0af9-df2c-4df4-a772-8996281bbdc3.pdf

Capital/Financing Update

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ASX Announcement

2 August 2021

Julimar continues to grow with new high-grade zone defined and significant extensions in step-out drilling

Ongoing resource drilling defines new G12 zone along the north-west contact of Gonneville and extends G8 and G9 zones by >500m along strike

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Drilling results

  • « Further exceptional high-grade results received from the ongoing ~160,000m step-out and resource definition drill program at the ~1.8km x 0.9km Gonneville Intrusion.

  • « Drilling has defined a twelfth high-grade zone (G12), extended the G8-G9 high-grade zones significantly to the north-east and extended the G2 zone down-plunge:

  • « G12: >650m of strike length and interpreted to potentially have up to 450m of dip extent, open along strike and down-dip;

  • « G8: >1,000m of strike length and up to 250m of dip extent, open to the north along strike and down-dip;

  • « G9: >1,000m of strike length and up to 200m of dip extent, open along strike and down-dip;

  • « Significant new high-grade (>1g/t Pd) step-out results include:

  • « 9m @ 3.6g/t Pd , 0.6g/t Pt, 1.7% Ni, 0.7% Cu, 0.1% Co from 237m (JRC263) – New zone (TBD)

  • « 14m @ 2.7g/t Pd , 0.9g/t Pt, 0.1g/t Au, 0.3% Ni, 0.2% Cu, 0.02% Co from 135m (JRC274) – G3

  • « 16m @ 1.3g/t Pd , 0.3g/t Pt, 0.1g/t Au, 0.2% Ni, 0.2% Cu, 0.02% Co from 197m (JRC288) – G8

  • « 10m @ 1.6g/t Pd , 0.3g/t Pt, 0.1g/t Au, 0.4% Ni, 0.5% Cu , 0.03% Co from 446m (JD076) – G2

  • « 11m @ 1.6g/t Pd , 0.3g/t Pt, 0.5g/t Au , 0.1% Ni , 0.7% Cu , 0.01% Co from 495m (JD081) – G6

  • « 5.9m @ 2.0g/t Pd , 0.4g/t Pt, 0.1g/t Au , 0.5% Ni, 0.7% Cu, 0.05% Co from 131.7m (JD083) – G3

  • « 10m @ 1.7g/t Pd , 0.6g/t Pt, 0.1g/t Au, 0.2% Ni, 0.1% Cu, 0.02% Co from 93m (JRC299) – G12

  • « 5m @ 3.7g/t Pd , 0.3g/t Pt, 0.1g/t Au, 0.3% Ni, 0.2% Cu, 0.03% Co from 297m (JD081) – G2

  • « Infill drilling across multiple high-grade zones continues to support the geological model and continuity of mineralisation, with significant new high-grade (>1g/t Pd) results including:

  • « 15.4m @ 7.1g/t Pd, 1.3g/t Pt, 0.6% Ni , 0.3% Cu, 0.05% Co from 48m (JD087) – G2

  • « 30m @ 1.7g/t Pd , 0.4g/t Pt, 0.2g/t Au, 0.2% Ni, 0.3% Cu, 0.02% Co from 132m (JD063) – G6

  • « 7m @ 8.1g/t Pd, 3.7g/t Pt , 0.5g/t Au, 0.5% Ni, 0.5% Cu , 0.03% Co from 226m (JRC240) – G11

  • « 12m @ 5.0g/t Pd , 1.0g/t Pt , 0.2g/t Au, 0.2% Ni, 0.5% Cu , 0.02% Co from 210m (JD085) – G11

  • « 15m @ 2.2g/t Pd , 0.7g/t Pt, 0.4% Ni, 0.5% Cu , 0.03% Co from 113m (JD064) – G1

  • « 13m @ 2.0g/t Pd , 0.4g/t Pt, 0.6g/t Au , 0.1% Ni, 0.7% Cu , 0.01% Co from 247m (JD069) – G4

  • « 12.4m @ 2.1g/t Pd , 0.6g/t Pt, 0.2g/t Au, 0.2% Ni ,0.6% Cu , 0.02% Co from 155.6m (JD066) – G6

  • « 5.6m @ 2.6g/t Pd , 0.8g/t Pt, 1.3g/t Au , 0.1% Ni, 0.5% Cu , 0.01% Co from 33m (JD088) – G6

  • « 14m @ 9.7g/t Pd, 3.1g/t Pt , 0.1g/t Au from 0m (JD066) – Oxide

Registered Office

ABN 47 116 648 956

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Level 2, 1292 Hay Street West Perth, Western Australia T: +61 8 9322 3960 GPO Box 2890, Perth WA 6001 F: +61 8 9322 5800

[email protected] www.chalicemining.com

@chalicemining chalice-mining

  • « 15.9m @ 7.9g/t Pd, 1.8g/t Pt , 0.1g/t Au from 0m (JD069) – Oxide

  • « 12.7m @ 10.2g/t Pd, 1.9g/t Pt , 0.1g/t Au from 3.2m (JD072) – Oxide

  • « 18m @ 4.1g/t Pd , 0.8g/t Pt, 1.1g/t Au from 8m (JRC260) – Oxide

  • « Assay results pending for a further 116 completed drill holes.

  • « Maiden Mineral Resource Estimate on track for completion in Q4 2021.

Overview

Chalice Mining Limited (“Chalice” or “the Company”, ASX: CHN | OTCQB: CGMLF) is pleased to report significant new results from ongoing exploration and evaluation activities at its 100%-owned Julimar Nickel-Copper-Platinum Group Element (PGE) Project , located ~70km north-east of Perth in Western Australia.

The step-out and resource definition drill program at the ~1.8km x 0.9km Gonneville Intrusion is continuing, with over 136,000m of drilling completed to date and a significant number of assay results pending. The COVID-19 pandemic and associated travel restrictions have resulted in minor delays in drilling progress. Additional diamond drill rigs are currently being sourced and are expected on site in the coming weeks.

Results have now been received for drilling targeting:

  • « The northern and down-dip extensions to the high-grade G1-G9 zones;

  • « Infill of the high-grade G1-G9 zones on a nominal 40m x 40m spaced grid and of the northern extensions of the G11 zone on a nominal 40m x 80m spaced grid;

  • « The non-magnetic pyroxenite-rich north-western part of the Gonneville Intrusion (initial widespaced lines on a nominal ~80m x 160m spaced grid);

A total of 131 diamond drill holes and 372 RC drill holes (including RC pre-collars with diamond tails) have been completed to date at the project (~136,000m), of which assay results have now been reported for 88 diamond and 300 RC holes (including RC pre-collars with diamond tails). Assay results are pending for a further 116 completed drill holes, with lab turnaround times currently averaging approximately seven weeks.

The current geological interpretation indicates the G8 and G9 zones have been extended significantly along strike to the north-east, while a new high-grade zone (G12) has been defined at the north-western hanging wall contact of Gonneville.

Infill drilling has confirmed that the G5 zone merges with the G2 zone at the northern end, and stepout drilling has closed off the G7 and G10 zones. Importantly, infill drilling continues to support the geological interpretation and in selected cases defines new mineralised zones not seen in widespaced drilling.

Within the 81 new drill holes reported in this announcement, there were:

  • « 283 mineralised intervals (>4m width and >0.3g/t Pd cut-off grade);

  • « 205 high-grade Pd +/- Pt-Au-Ni-Cu-Co metal intervals (>2m width and >1g/t Pd cut-off grade), including:

  • « 63 high-grade Pd-Ni-Cu +/- Pt-Au-Co intervals (>2m width, >1g/t Pd and >0.5% Ni+Cu cut-off grade).

Chalice Managing Director, Alex Dorsch, said: “The fact that we are still discovering new high-grade zones and identifying significant extensions in step-out drilling so far into the resource drill-out is testament to the exceptional scale and quality of the Gonneville deposit.

“We have now identified a 12th high-grade zone in drilling targeting the non-magnetic, pyroxeniterich north-western contact of the intrusion. This is an exciting development, with the newly defined

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zone projecting some ~380m down-dip to a previous intersection in deep diamond hole JD018. The new zone remains wide open and requires further drilling to refine.

“In addition, step-out drilling has delivered some exceptional new high-grade results, extending the existing G8 and G9 zones by over 500m along strike. Infill drilling elsewhere within the deposit continues to support our geological model and demonstrate the continuity of the mineralisation.

“Our resource drill-out is continuing at pace, with assays currently pending for 116 holes. We remain on track to deliver our maiden Mineral Resource Estimate next quarter, providing a strong foundation for preliminary economic studies, which are also advancing in parallel.

“We continue to receive positive feedback from the relevant State Government departments regarding access to the Julimar State Forest for initial drill testing to the north of Gonneville. Initial wide-spaced drilling anticipated to commence at Hartog in late Q3 2021, subject to access approval.”

Table 1. Interpreted maximum dimensions and status of high-grade zones at Gonneville.

Zone Previous Previous Current Current Status
strike extent dip-extent strike extent dip-extent
G1 450m 390m 450m 280m Merges with G2 at depth
G2 690m 490m 800m 500m Open down-plunge to the north
G3 465m 280m 465m 280m Open to the north
G4 1250m 600m 1250m 650m Open to the north and down-dip
G5 650m 270m 650m 200m Merges with G2 at the northern end
G6 875m 450m 875m 400m Open down plunge to the north
G7 500m 350m 275m 350m Closed off
G8 350m 250m 1,000m 250m Open to the north and down-dip
G9 500m 250m 1,000m 200m Open along strike and down-dip
G10 400m 300m 350m 300m Closed off
G11 1,200m 300m 900m 250m Open to the north and down-dip
G12 N/A N/A 650m 450m Open along strike and down-dip

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Figure 1. Gonneville Intrusion Plan View – key new drill results and high-grade G1-G12 zone outlines over interpreted geology at 160m RL (~80m below surface).

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Figure 2. Gonneville Intrusion 3D View (looking North-West) – key new drill results and high-grade zones.

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Technical discussion

New high-grade G12 zone

Wide-spaced drilling targeting the north-western end of the Gonneville Intrusion has intersected a zone of mineralisation in serpentinite between a gabbro and pyroxenite contact:

« 10m @ 1.7g/t Pd , 0.6g/t Pt, 0.1g/t Au, 0.2% Ni, 0.1% Cu, 0.02% Co from 93m (JRC299),

Visual indications from nearby holes indicate that this zone has also been intersected in adjacent holes and, as such, has been interpreted as the 12[th] high-grade zone within Gonneville (G12).

The Pt:Pd ratio in this intersection is higher than the average for the majority of the Gonneville intrusion mineralisation. Isolated intercepts from previous broad-spaced drilling also contain similarly high Pt:Pd ratios. Infill drilling is required to determine whether these isolated intersections are all part of the same mineralised zone. The latest drilling has also confirmed the geology in this area is more complex than initially thought.

The G12 zone remains open down-dip and has not been tested along strike to the south. Reinterpretation of the results from previous deep hole JD018 (5m @ 1.7g/t Pd, 0.6g/t Pt, 0.2g/t Au, 0.2% Ni, 0.2% Cu, 0.02% Co from 455m, refer to ASX announcement on 18 Nov 2020) has concluded that this intersection is likely the extension of G12, approximately ~380m down-dip from the intersection in JRC299 (Figure 3).

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Figure 3. Gonneville G12 zone Cross Section 6,513,200mN +/- 50m.

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Step-out drilling results

Previous broad-spaced drilling on a nominal ~160m x 80m spaced grid to the north of the G3 and G5-G9 zones intersected broad zones of disseminated sulphides surrounding narrower high-grade zones (>1g/t Pd).

Results from recent infill drilling on nominal 80-160m x 40m spaced grid indicate that this high-grade mineralisation intersected represents strike extensions of the high-grade G8 and G9 zones (Figure 1Figure 1), which have now both been extended to an interpreted strike length of over ~1,000m (Table 1).

Significant new high-grade (>1g/t Pd) results include:

  • « 9m @ 3.6g/t Pd , 0.6g/t Pt, 1.7% Ni, 0.7% Cu , 0.1% Co from 237m (JRC263) – new zone located below the G8 zone, remains wide open and further drilling is required to confirm interpretation ;

  • « 14m @ 1.5g/t Pd , 0.3g/t Pt, 0.1g/t Au, 0.2% Ni, 0.1% Cu, 0.02% Co from 166m (JRC261D) – G8;

  • « 16m @ 1.3g/t Pd , 0.3g/t Pt, 0.1g/t Au, 0.2% Ni, 0.2% Cu, 0.02% Co from 197m (JRC288) – G8; and,

  • « 6m @ 1.5g/t Pd , 0.3g/t Pt, 0.2% Ni, 0.1% Cu, 0.02% Co from 87m (JRC261D) – G9.

Mineralisation strikes north-north-east and dips west-north-west, parallel to the contacts of geological domains within the Gonneville Intrusion. Further infill drilling is required to determine the significance of the northern strike extent of these high-grade zones.

Several RC and diamond holes were drilled targeting extensions of the G1-G9 zones down-dip to the west. Significant new high-grade (>1g/t Pd) results include:

  • « 14m @ 2.7g/t Pd , 0.9g/t Pt, 0.1g/t Au, 0.3% Ni, 0.2% Cu, 0.02% Co from 135m (JRC274) – G3;

  • « 11m @ 1.6g/t Pd , 0.3g/t Pt, 0.5g/t Au, 0.1% Ni, 0.7% Cu , 0.01% Co from 495m (JD081) – G6;

  • « 10m @ 1.6g/t Pd , 0.3g/t Pt, 0.1g/t Au, 0.4% Ni, 0.5% Cu , 0.03% Co from 446m (JD076) – G2;

  • « 5.9m @ 2.0g/t Pd , 0.4g/t Pt, 0.1g/t Au, 0.5% Ni, 0.7% Cu, 0.05% Co from 131.7m (JD083) – G3; and,

  • « 5m @ 3.7g/t Pd , 0.3g/t Pt, 0.1g/t Au, 0.3% Ni, 0.2% Cu, 0.03% Co from 297m (JD081) – G2.

Assays remain pending for several step-out drill holes targeting the down-dip extension of the highgrade G1-G9 zones.

Infill drilling results

Infill drilling continues to confirm continuous zones of high-grade mineralisation across Gonneville. Significant new high-grade (>1g/t Pd) results include:

  • « 15.4m @ 7.1g/t Pd, 1.3g/t Pt, 0.6% Ni , 0.3% Cu, 0.05% Co from 48m (JD087) – G2;

  • « 30m @ 1.7g/t Pd , 0.4g/t Pt, 0.2g/t Au, 0.2% Ni, 0.3% Cu, 0.02% Co from 132m (JD063) – G6;

  • « 7m @ 8.1g/t Pd, 3.7g/t Pt , 0.5g/t Au, 0.5% Ni, 0.5% Cu , 0.03% Co from 226m (JRC240) – G11;

  • « 12m @ 5.0g/t Pd, 1.0g/t Pt , 0.2g/t Au, 0.2% Ni, 0.5% Cu , 0.02% Co from 210m (JD085) – G11;

  • « 15m @ 2.2g/t Pd , 0.7g/t Pt, 0.4% Ni, 0.5% Cu , 0.03% Co from 113m (JD064) – G1;

  • « 13m @ 2.0g/t Pd , 0.4g/t Pt, 0.6g/t Au, 0.1% Ni, 0.7% Cu , 0.01% Co from 247m (JD069) – G4;

  • « 12.4m @ 2.1g/t Pd , 0.6g/t Pt, 0.2g/t Au, 0.2% Ni, 0.6% Cu , 0.02% Co from 155.6m (JD066) – G6;

  • « 5.6m @ 2.6g/t Pd , 0.8g/t Pt, 1.3g/t Au , 0.1% Ni, 0.5% Cu , 0.01% Co from 33m (JD088) – G6;

  • « 14m @ 9.7g/t Pd, 3.1g/t Pt , 0.1g/t Au from 0m (JD066) – Oxide;

  • « 15.9m @ 7.9g/t Pd, 1.8g/t Pt , 0.1g/t Au from 0m (JD069) – Oxide;

  • « 12.7m @ 10.2g/t Pd, 1.9g/t Pt , 0.1g/t Au from 3.2m (JD072) – Oxide; and,

  • « 18m @ 4.1g/t Pd, 0.8g/t Pt, 1.1g/t Au from 8m (JRC260) – Oxide.

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Broad zones of disseminated sulphide intervals continue to be intersected surrounding the highgrade zones, with significant new intersections (>0.3g/t Pd) including:

  • « 103m @ 1.1g/t Pd , 0.4g/t Pt, 0.1g/t Au, 0.2% Ni, 0.2% Cu, 0.02% Co from 218m (JRC240);

  • « 149m @ 0.8g/t Pd, 0.2g/t Pt, 0.2% Ni, 0.1% Cu, 0.02% Co from 24m (JRC274);

  • « 102m @ 0.8g/t Pd , 0.1g/t Pt, 0.3% Ni, 0.1% Cu, 0.02% Co from 162m (JRC263);

  • « 158m @ 0.7g/t Pd, 0.2g/t Pt, 0.1% Ni, 0.1% Cu, 0.01% Co from 102m (JRC285);

  • « 113m @ 0.7g/t Pd, 0.2g/t Pt, 0.2% Ni, 0.1% Cu, 0.02% Co from 109m (JRC292);

  • « 101m @ 0.7g/t Pd , 0.1g/t Pt, 0.2% Ni, 0.1% Cu, 0.02% Co from 28m (JD067); and,

  • « 100.2m @ 0.7g/t Pd , 0.1g/t Pt, 0.2% Ni, 0.1% Cu, 0.02% Co from 29.5m (JD076).

Forward plan

Chalice’s Julimar Project strategy is to concurrently advance studies for an initial development at Gonneville and to define the full extent of mineralisation along the >26km long Julimar Complex.

Ongoing and planned activities at Julimar include:

  • « Resource definition drilling (Gonneville) – RC/diamond drilling on a nominal 40m x 40m spaced grid is expected to continue until ~Q1 2022, subject to results. The Company anticipates that its maiden Mineral Resource Estimate will be released in Q4 2021. Several deep geological holes are also planned in the current quarter to test the down-plunge extension of the high-grade zones towards the north-west.

  • « Geotechnical, metallurgical, hydrogeological and infrastructure drilling (Gonneville) – AC/RC/diamond drilling to support studies for Gonneville will commence progressively following the resource definition drill program in ~Q1 2022.

  • « Metallurgical testwork (Gonneville) – Phase 2 sequential flotation tests on high-grade sulphide composites are expected to be completed in the next quarter. Bulk flotation tests on disseminated sulphide composites and testwork to determine comminution properties of several composites has also commenced. Initial waste rock characterisation testwork continues.

  • « Studies (Gonneville) – Consultant proposals have been invited to support studies for the project, which will assess development scenarios for the Gonneville deposit. The Company anticipates that a Scoping Study for the initial stage of development at Gonneville will be completed in H1 2022.

  • « Reconnaissance exploration and surveys within the Julimar State Forest – Infill soil sampling and follow-up Moving Loop EM surveys are underway at the Baudin-Jansz-Drummond Targets within the Julimar State Forest and on private farmland. Baseline flora and fauna surveys across the Baudin-Jansz-Drummond Targets in Julimar State Forest are planned to commence in Q3 2021.

  • « Reconnaissance drilling at the Hartog-Baudin Targets within the Julimar State Forest – First-pass low-impact drilling utilising small track-mounted diamond rigs is planned to commence in late Q3 2021, subject to access and permitting approvals. A total of 72 drill sites are planned across the ~10km strike length, with the ability to drill multiple angled holes at each site. No mechanised vegetation clearance is required to complete this first pass of drilling. Dieback, cultural heritage and confirmatory spring flora surveys are planned across the Hartog-Baudin Targets in the Julimar State Forest in August-September 2021.

Authorised for release by the Disclosure Committee of the Company:

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Alex Dorsch Managing Director

For further information or to view the interactive 3D model of Julimar, please visit www.chalicemining.com, or contact:

Corporate Enquiries Media Enquiries Follow our communications Alex Dorsch Nicholas Read LinkedIn: chalice-mining Managing Director Principal and Managing Director Twitter: @chalicemining Chalice Mining Limited Read Corporate Investor Relations +61 8 9322 3960 +61 8 9388 1474 [email protected] [email protected]

About the Julimar Nickel-Copper-PGE Project

The 100%-owned Julimar Nickel-Copper-PGE Project is located ~70km north-east of Perth in Western Australia. The Project was staked in early 2018 as part of Chalice’s global search for high-potential nickel sulphide exploration opportunities.

Chalice interpreted the possible presence of a mafic-ultramafic layered intrusive complex at Julimar based on high-resolution regional magnetics (the Julimar Complex). An initial RC drill program commenced in Q1 2020 at the southern end of the Complex on private farmland and resulted in the discovery of high-grade PGE-nickel-copper-cobalt-gold mineralisation.

The significant discovery (named Gonneville) established the new West Yilgarn Ni-Cu-PGE Province in Western Australia, which is interpreted to extend for ~1,200km along the western margin of the Yilgarn Craton.

The Julimar Complex is interpreted to be >26km long and is still largely undrilled, as such the project is considered highly prospective for further orthomagmatic nickel, copper and platinum group element (PGE) discoveries.

Drilling to date at Gonneville has established that the ~1.8km x 0.9km Intrusion on private farmland hosts at least 12 shallow, wide zones of high-grade PGE-Ni-Cu-Co+/-Au sulphide mineralisation in fresh rock, a substantial PGE-rich oxide zone, as well as widespread zones of PGE-dominant mineralisation associated with disseminated sulphides. The Gonneville Intrusion remains open to the north and has been confirmed to extend beyond a depth of ~800m (open at depth).

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Figure 4. Julimar Complex, Gonneville discovery, Project tenure and nearby infrastructure.

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Competent Persons and Qualifying Persons Statement

The information in this announcement that relates to Exploration Results in relation to the Julimar Nickel-Copper-PGE Project is based on and fairly represents information and supporting documentation compiled by Mr. Bruce Kendall BSc (Hons), a Competent Person, who is a Member of the Australian Institute of Geoscientists. Mr. Kendall is a full-time employee of the Company and has sufficient experience that is relevant to the activity being undertaken to qualify as a Competent Person as defined in the 2012 edition of the Australasian Code for Reporting of Exploration Results, Minerals Resources and Ore Reserves, and is a Qualified Person under National Instrument 43-101 – ‘Standards of Disclosure for Mineral Projects’. The Qualified Person has verified the data disclosed in this release, including sampling, analytical and test data underlying the information contained in this release. Mr Kendall consents to the inclusion in the announcement of the matters based on his information in the form and context in which it appears.

The Information in this announcement that relates to prior exploration results for the Julimar Project is extracted from ASX announcements available to view on the Company’s website at www.chalicemining.com. The Company confirms that it is not aware of any new information or data that materially affects the exploration results included in the relevant original market announcements. The Company confirms that the form and context in which the Competent Person and Qualified Person’s findings are presented have not been materially modified from the relevant original market announcements.

Forward Looking Statements

This announcement may contain forward-looking information, including forward looking information within the meaning of Canadian securities legislation and forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively, forwardlooking statements). These forward-looking statements are made as of the date of this report and Chalice Mining Limited (the Company) does not intend, and does not assume any obligation, to update these forward-looking statements.

Forward-looking statements relate to future events or future performance and reflect Company management’s expectations or beliefs regarding future events and include, but are not limited to, the Company’s strategy, the completion of the intended demerger, the estimated timing of drilling in the Julimar State Forest, the fair value of investments ultimately realised, the estimation of mineral reserves and mineral resources, the realisation of mineral resource estimates, estimation of metallurgical recoveries, the forecast timing of the estimation of mineral resources, the likelihood of exploration success at the Company’s projects, the prospectivity of the Company’s exploration projects, the existence of additional EM anomalies within the Julimar Project, the forecast timing of the completion of the Gonneville Scoping Study, the timing of future exploration activities on the Company’s exploration projects, planned expenditures and budgets and the execution thereof, the timing and availability of drill results, potential sites for additional drilling, the timing and amount of estimated future production, costs of production, capital expenditures, success of mining operations, environmental risks, unanticipated reclamation expenses, title disputes or claims and limitations on insurance coverage.

In certain cases, forward-looking statements can be identified by the use of words such as, “anticipates”, “considered”, “expected”, “highly”, “interpreted”, “likely”, “may”, “plan” or “planned”, “potential”, “robust”, “will” or variations of such words and phrases or statements that certain actions, events or results may, could, would, might or will be taken, occur or be achieved or the negative of these terms or comparable terminology. By their very nature forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements.

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Such factors may include, among others, risks related to actual results of current or planned exploration activities; assay results of soil samples; whether geophysical and geochemical anomalies are related to economic mineralisation or some other feature; obtaining appropriate access to undertake additional ground disturbing exploration work on EM anomalies located in the Julimar State Forrest; the results from testing EM anomalies; results of planned metallurgical test work Including results from other zones not tested yet, scaling up to commercial operations; changes in project parameters as plans continue to be refined; changes in exploration programs and budgets based upon the results of exploration, future prices of mineral resources; grade or recovery rates; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing or in the completion of development or construction activities; movements in the share price of investments and the timing and proceeds realised on future disposals of investments, the impact of the COVID 19 epidemic as well as those factors detailed from time to time in the Company’s interim and annual financial statements, all of which are filed and available for review on SEDAR at sedar.com, ASX at asx.com.au and OTC Markets at otcmarkets.com.

Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

12 Chalice Mining Limited

ASX:CHN OTCQB:CGMLF

Appendix A Drilling and assay data

Table 2. Significant new drill intersections (>0.3g/t Pd, >1g/t Pd, >1g/t Pd & >0.5% Ni+Cu cut-off)

Hole ID From To Interval Pd Pt Au Ni Cu Co Geology
(m) (m) (m) (g/t) (g/t) (g/t) (%) (%) (%)
JD057 12.4 28.0 15.6 1.44 0.62 0.03 0.14 0.15 0.04 Oxide
Incl 14.0 23.0 9.0 1.44 0.31 0.02 0.14 0.12 0.06 Oxide
JD057 36.0 42.0 6.0 0.32 0.05 <0.01 0.09 0.02 0.01 Oxide
JD057 42.0 50.4 8.4 0.48 0.12 <0.01 0.15 0.09 0.02 Sulphide
JD057 73.7 84.1 10.4 1.12 0.25 <0.01 0.19 0.04 0.02 Sulphide
Incl 74.0 78.0 4.0 1.81 0.46 <0.01 0.22 0.05 0.02 Sulphide
JD057 136.0 142.9 6.9 0.46 0.11 <0.01 0.16 0.08 0.02 Sulphide
JD058 11.9 32.5 20.6 1.29 0.26 0.06 0.22 0.19 0.04 Oxide
Incl 13.0 23.0 10.0 1.72 0.32 0.06 0.29 0.25 0.06 Oxide
and 27.8 32.5 4.8 1.32 0.31 0.05 0.19 0.11 0.02 Oxide
JD059 102.0 119.7 17.7 0.53 0.11 0.01 0.19 0.08 0.02 Sulphide
JD060 6.2 24.0 17.8 1.36 0.49 0.04 0.17 0.18 0.09 Oxide
Incl 10.0 20.0 10.0 2.06 0.67 0.06 0.20 0.26 0.11 Oxide
JD060 24.0 84.9 60.9 0.79 0.16 0.02 0.19 0.08 0.02 Sulphide
Incl 39.0 41.0 2.0 1.03 0.19 <0.01 0.18 0.06 0.02 Sulphide
and 58.0 65.0 7.0 1.16 0.18 0.03 0.24 0.12 0.03 Sulphide
and 78.0 84.9 6.9 1.68 0.40 0.04 0.29 0.16 0.03 Sulphide
JD060 100.7 149.0 48.3 0.65 0.14 0.02 0.15 0.09 0.02 Sulphide
Incl 126.0 133.0 7.0 1.18 0.23 0.03 0.15 0.10 0.02 Sulphide
JD060 154.0 227.9 73.9 0.59 0.13 <0.01 0.15 0.05 0.02 Sulphide
Incl 167.0 169.5 2.5 1.34 0.35 0.02 0.23 0.24 0.02 Sulphide
JD060 255.0 259.0 4.0 0.39 0.11 <0.01 0.12 0.04 0.01 Sulphide
JD060 286.0 364.9 78.9 0.43 0.10 <0.01 0.14 0.04 0.01 Sulphide
JD061 6.7 33.0 26.3 0.90 0.08 0.03 0.14 0.09 0.02 Oxide
Incl 6.7 16.0 9.3 1.55 0.10 0.04 0.10 0.14 0.05 Oxide
and 28.0 30.0 2.0 1.19 0.25 0.02 0.26 0.18 0.02 Oxide
JD061 35.0 62.9 27.9 0.71 0.20 0.01 0.18 0.17 0.02 Sulphide
JD061 75.0 88.0 13.0 1.04 0.23 0.03 0.24 0.17 0.02 Sulphide
Incl 76.0 78.0 2.0 2.68 0.51 0.10 0.46 0.33 0.04 Sulphide
and 82.0 88.0 6.0 1.07 0.27 0.02 0.28 0.22 0.03 Sulphide
JD061 94.0 99.0 5.0 0.98 0.13 0.02 0.28 0.13 0.03 Sulphide
Incl 94.0 97.0 3.0 1.35 0.16 0.03 0.39 0.20 0.03 Sulphide
JD061 106.0 231.3 125.3 0.48 0.11 0.03 0.16 0.07 0.01 Sulphide
JD061 247.0 259.0 12.0 0.39 0.09 0.01 0.17 0.02 0.02 Sulphide
JD061 264.0 278.2 14.2 0.44 0.11 0.03 0.16 0.16 0.02 Sulphide

13 Chalice Mining Limited

ASX:CHN OTCQB:CGMLF

Hole ID From To Interval Pd Pt Au Ni Cu Co Geology
(m) (m) (m) (g/t) (g/t) (g/t) (%) (%) (%)
JD062 8.0 26.0 18.0 1.14 0.27 0.03 0.17 0.20 0.04 Oxide
Incl 8.0 17.1 9.1 1.69 0.36 0.03 0.25 0.27 0.07 Oxide
JD062 26.0 38.0 12.0 0.64 0.13 <0.01 0.16 0.13 0.02 Sulphide
JD062 44.4 49.0 4.6 0.82 0.26 0.03 0.19 0.18 0.02 Sulphide
JD063 1.4 32.0 30.6 1.50 0.37 0.03 0.22 0.23 0.04 Oxide
Incl 2.4 24.7 22.3 2.02 0.47 0.04 0.25 0.32 0.06 Oxide
JD063 32.0 79.0 47.1 0.57 0.15 0.02 0.15 0.06 0.01 Sulphide
Incl 37.0 39.0 2.0 1.36 0.13 0.02 0.24 0.11 0.02 Sulphide
JD063 84.0 167.9 83.9 1.09 0.28 0.14 0.14 0.32 0.01 Sulphide
Incl 86.9 89.5 2.6 1.36 0.38 0.40 0.16 0.71 0.02 Sulphide
and 98.0 100.0 2.0 1.17 0.43 0.70 0.10 0.49 0.01 Sulphide
and 105.0 108.0 3.0 1.55 0.28 0.15 0.12 0.71 0.01 Sulphide
and 123.0 125.0 2.0 1.17 0.31 0.09 0.16 0.26 0.02 Sulphide
and 132.0 162.0 30.0 1.72 0.44 0.23 0.17 0.33 0.02 Sulphide
JD063 205.0 218.1 13.1 0.71 0.14 0.03 0.11 0.11 0.01 Sulphide
JD064 9.4 14.0 4.6 1.10 0.06 0.03 0.11 0.20 0.05 Oxide
JD064 18.0 28.9 10.9 1.58 0.31 0.05 0.31 0.18 0.05 Oxide
Incl 18.0 28.0 10.0 1.68 0.33 0.06 0.31 0.19 0.05 Oxide
JD064 38.0 66.0 28.0 0.61 0.13 0.01 0.16 0.09 0.02 Sulphide
JD064 79.0 128.0 49.0 1.00 0.30 0.01 0.22 0.19 0.02 Sulphide
Incl 113.0 128.0 15.0 2.16 0.72 0.03 0.40 0.51 0.03 Sulphide
JD064 133.0 155.0 22.0 0.37 0.08 0.01 0.10 0.23 0.01 Sulphide
JD064 164.0 194.0 30.0 0.82 0.19 <0.01 0.22 0.10 0.02 Sulphide
Incl 169.7 172.0 2.3 1.39 0.33 <0.01 0.35 0.20 0.03 Sulphide
and 177.7 186.6 8.9 1.70 0.37 0.01 0.40 0.23 0.03 Sulphide
JD064 199.0 204.0 5.0 0.30 0.11 0.01 0.09 0.01 0.01 Sulphide
JD064 211.0 219.0 8.0 0.54 0.20 0.01 0.16 0.11 0.02 Sulphide
JD064 226.0 234.0 8.0 0.30 0.12 0.01 0.11 0.01 0.01 Sulphide
JD065 7.0 33.0 26.0 1.07 0.24 0.06 0.13 0.26 0.03 Oxide
Incl 9.0 24.0 15.0 1.83 0.42 0.11 0.18 0.25 0.04 Oxide
JD065 33.0 113.0 80.0 0.95 0.25 0.01 0.17 0.09 0.02 Sulphide
Incl 63.0 80.0 17.0 1.43 0.41 0.02 0.21 0.15 0.02 Sulphide
and 86.0 89.0 3.0 1.02 0.20 0.02 0.20 0.11 0.02 Sulphide
and 94.0 99.0 5.0 1.47 0.32 0.03 0.19 0.13 0.02 Sulphide
and 102.0 109.0 7.0 1.06 0.22 0.02 0.14 0.03 0.01 Sulphide
JD065 138.0 172.0 34.0 0.54 0.12 0.02 0.16 0.05 0.02 Sulphide
Incl 138.0 142.0 4.0 1.11 0.22 0.01 0.26 0.08 0.03 Sulphide
JD065 213.0 217.0 4.0 2.19 0.39 0.05 0.58 0.73 0.04 Sulphide

14 Chalice Mining Limited

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Hole ID From To Interval Pd Pt Au Ni Cu Co Geology
(m) (m) (m) (g/t) (g/t) (g/t) (%) (%) (%)
Incl 214.9 217.0 2.1 3.72 0.69 0.08 1.06 1.14 0.07 Sulphide
JD065 225.0 231.0 6.0 0.49 0.14 <0.01 0.12 0.06 0.01 Sulphide
JD065 235.7 279.8 44.1 0.66 0.12 0.01 0.21 0.09 0.02 Sulphide
Incl 246.0 248.2 2.2 2.89 0.21 0.03 0.82 0.87 0.05 Sulphide
JD065 288.0 325.0 37.0 0.41 0.09 <0.01 0.15 0.05 0.01 Sulphide
JD065 332.0 339.6 7.6 0.47 0.10 <0.01 0.15 0.03 0.01 Sulphide
JD066 0.0 20.9 20.9 5.83 1.84 0.09 0.22 0.25 0.04 Oxide
Incl 0.0 14.0 14.0 9.70 3.09 0.13 0.18 0.31 0.05 Oxide
JD066 36.0 175.0 139.0 0.63 0.18 0.03 0.16 0.09 0.01 Sulphide
Incl 47.0 51.4 4.4 1.96 0.47 0.02 0.45 0.10 0.04 Sulphide
and 155.6 168.0 12.4 2.08 0.59 0.22 0.24 0.56 0.02 Sulphide
JD066 242.0 260.7 18.7 0.94 0.89 0.09 0.13 0.20 0.01 Sulphide
Incl 257.0 259.7 2.7 2.70 5.28 0.36 0.21 0.20 0.02 Sulphide
JD067 6.2 28.0 21.8 1.42 0.47 0.01 0.16 0.23 0.07 Oxide
Incl 7.4 20.7 13.3 2.04 0.72 0.02 0.19 0.29 0.11 Oxide
JD067 28.0 129.0 101.0 0.68 0.14 <0.01 0.17 0.07 0.02 Sulphide
Incl 28.0 34.0 6.0 1.18 0.22 <0.01 0.18 0.09 0.02 Sulphide
and 41.0 44.8 3.8 1.52 0.33 0.01 0.44 0.19 0.04 Sulphide
and 74.0 78.0 4.0 1.17 0.21 <0.01 0.17 0.08 0.02 Sulphide
and 97.0 100.6 3.6 1.14 0.17 0.01 0.21 0.08 0.02 Sulphide
JD067 159.0 170.7 11.7 0.54 0.26 0.02 0.12 0.26 0.01 Sulphide
JD067 184.5 263.1 78.6 0.42 0.09 <0.01 0.15 0.01 0.01 Sulphide
JD067 287.5 293.0 5.5 1.00 0.17 0.03 0.18 0.17 0.02 Sulphide
JD067 305.0 353.0 48.0 0.42 0.12 0.02 0.15 0.06 0.01 Sulphide
JD067 358.3 381.6 23.3 0.55 0.14 0.06 0.15 0.11 0.01 Sulphide
Incl 370.0 372.0 2.0 1.21 0.21 0.08 0.24 0.31 0.02 Sulphide
JD067 389.6 409.2 19.6 0.38 0.10 0.03 0.14 0.07 0.02 Sulphide
JD067 422.5 431.0 8.5 0.52 0.14 0.08 0.11 0.11 0.01 Sulphide
JD068 6.4 30.0 23.6 0.74 0.16 0.02 0.15 0.07 0.03 Oxide
Incl 9.4 16.0 6.6 2.16 0.34 0.03 0.28 0.25 0.11 Oxide
JD068 30.0 78.0 48.0 0.40 0.08 0.01 0.16 0.03 0.01 Sulphide
JD068 93.0 102.0 9.0 0.56 0.08 0.02 0.26 0.22 0.02 Sulphide
JD068 145.0 187.0 42.0 0.71 0.15 0.10 0.15 0.25 0.02 Sulphide
Incl 158.0 164.0 6.0 1.32 0.25 0.11 0.18 0.52 0.02 Sulphide
and 180.0 185.0 5.0 1.47 0.33 0.44 0.15 0.59 0.01 Sulphide
JD069 0.0 19.1 19.1 6.21 1.38 0.07 0.22 0.29 0.07 Oxide
Incl 0.0 15.9 15.9 7.90 1.76 0.09 0.22 0.35 0.08 Oxide
JD069 24.9 38.0 13.1 0.56 0.11 <0.01 0.14 0.05 0.01 Sulphide

15 Chalice Mining Limited

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Hole ID From To Interval Pd Pt Au Ni Cu Co Geology
(m) (m) (m) (g/t) (g/t) (g/t) (%) (%) (%)
JD069 51.0 131.0 80.0 0.51 0.13 <0.01 0.15 0.04 0.01 Sulphide
Incl 55.0 58.1 3.1 2.32 0.33 0.01 0.22 0.10 0.02 Sulphide
JD069 166.6 175.4 8.8 0.44 0.12 0.02 0.14 0.04 0.02 Sulphide
JD069 181.4 207.0 25.6 0.59 0.17 <0.01 0.12 0.06 0.01 Sulphide
JD069 234.0 266.0 32.0 1.19 0.25 0.26 0.12 0.40 0.01 Sulphide
Incl 247.0 260.0 13.0 2.04 0.43 0.59 0.12 0.65 0.01 Sulphide
JD069 271.0 275.0 4.0 0.46 0.07 0.01 0.11 0.06 0.01 Sulphide
JD069 289.8 294.0 4.2 0.62 0.03 0.02 0.12 0.18 0.02 Sulphide
JD070 5.0 29.0 24.0 1.41 0.30 0.04 0.13 0.12 0.04 Oxide
Incl 7.0 19.6 12.6 2.70 0.58 0.07 0.17 0.19 0.08 Oxide
JD070 29.0 34.0 5.0 0.37 0.07 <0.01 0.18 0.04 0.02 Sulphide
JD070 57.0 115.0 58.0 0.67 0.15 0.01 0.18 0.06 0.02 Sulphide
Incl 94.0 97.0 3.0 3.32 0.93 0.03 0.69 0.21 0.05 Sulphide
JD070 129.0 139.0 10.0 0.39 0.08 <0.01 0.12 0.04 0.01 Sulphide
JD070 162.0 171.0 9.0 0.37 0.08 <0.01 0.14 0.07 0.01 Sulphide
JD070 176.0 226.0 50.0 0.60 0.14 0.01 0.15 0.09 0.01 Sulphide
Incl 177.0 182.0 5.0 1.39 0.29 0.02 0.24 0.16 0.02 Sulphide
JD070 231.0 252.0 21.0 0.63 0.15 <0.01 0.13 0.06 0.01 Sulphide
Incl 234.0 236.0 2.0 3.18 0.90 0.03 0.23 0.32 0.02 Sulphide
JD070 259.0 284.0 25.0 0.35 0.08 <0.01 0.12 0.05 0.01 Sulphide
JD070 306.0 318.0 12.0 0.31 0.08 <0.01 0.12 0.03 0.01 Sulphide
JD070 321.0 401.0 80.0 0.44 0.10 0.02 0.16 0.05 0.01 Sulphide
JD070 421.0 453.0 32.0 0.45 0.10 0.01 0.18 0.05 0.02 Sulphide
JD070 463.5 475.0 11.5 0.46 0.11 0.01 0.14 0.06 0.01 Sulphide
JD071 42.2 97.0 54.8 0.68 0.14 <0.01 0.15 0.06 0.02 Sulphide
Incl 94.0 96.0 2.0 1.04 0.20 <0.01 0.15 0.03 0.01 Sulphide
JD071 102.2 167.0 64.9 0.77 0.15 <0.01 0.17 0.08 0.02 Sulphide
Incl 104.3 109.0 4.7 2.42 0.43 0.03 0.38 0.19 0.04 Sulphide
JD071 216.0 235.7 19.7 0.42 0.12 0.01 0.13 0.08 0.01 Sulphide
JD071 288.9 308.2 19.3 0.36 0.08 <0.01 0.15 0.02 0.01 Sulphide
JD071 322.6 470.0 147.4 0.53 0.12 0.04 0.15 0.09 0.01 Sulphide
Incl 379.0 383.0 4.0 1.07 0.17 0.08 0.25 0.49 0.03 Sulphide
and 418.0 431.0 13.0 1.33 0.15 0.16 0.17 0.37 0.01 Sulphide
JD072 3.2 20.2 17.0 7.05 1.31 0.04 0.21 0.24 0.04 Oxide
Incl 3.2 15.9 12.7 10.20 1.88 0.06 0.23 0.31 0.05 Oxide
JD072 31.6 143.1 111.5 0.49 0.12 <0.01 0.15 0.06 0.02 Sulphide
Incl 50.0 56.0 6.0 2.29 0.23 0.02 0.50 0.22 0.03 Sulphide
JD072 175.0 295.0 120.0 0.44 0.09 <0.01 0.18 0.03 0.02 Sulphide

16 Chalice Mining Limited

ASX:CHN OTCQB:CGMLF

Hole ID From To Interval Pd Pt Au Ni Cu Co Geology
(m) (m) (m) (g/t) (g/t) (g/t) (%) (%) (%)
Incl 176.5 179.0 2.6 3.38 0.50 0.04 0.96 0.56 0.10 Sulphide
JD072 303.0 328.0 25.0 0.58 0.16 <0.01 0.15 0.09 0.02 Sulphide
JD072 338.2 445.0 106.9 0.65 0.18 0.07 0.11 0.16 0.01 Sulphide
Incl 370.6 384.0 13.5 1.42 0.41 0.06 0.16 0.19 0.01 Sulphide
and 408.0 411.5 3.5 1.37 0.53 0.32 0.17 0.45 0.02 Sulphide
JD073 8.5 26.0 17.5 0.93 0.32 0.05 0.24 0.18 0.05 Oxide
Incl 11.0 15.0 4.0 1.41 0.66 0.04 0.30 0.28 0.14 Oxide
JD073 26.0 111.7 85.7 0.47 0.13 0.01 0.19 0.08 0.02 Sulphide
Incl 103.0 106.0 3.0 1.55 0.50 0.05 0.17 0.12 0.02 Sulphide
JD073 116.5 170.6 54.1 0.43 0.13 0.02 0.17 0.03 0.02 Sulphide
JD073 179.9 199.0 19.1 0.61 0.16 0.08 0.14 0.13 0.01 Sulphide
Incl 192.0 194.3 2.3 1.06 0.30 0.13 0.11 0.06 0.01 Sulphide
JD074 12.0 22.1 10.1 1.31 0.74 0.01 0.06 0.11 <0.01 Oxide
Incl 13.0 16.0 3.0 2.27 1.44 0.02 0.08 0.14 0.01 Oxide
JD074 30.0 35.0 5.0 0.57 0.13 <0.01 0.12 0.06 0.01 Oxide
JD074 35.0 54.0 19.0 0.43 0.09 <0.01 0.14 0.09 0.01 Sulphide
JD074 65.0 69.0 4.0 0.51 0.11 <0.01 0.14 0.01 0.02 Sulphide
JD074 106.0 233.3 127.3 0.55 0.12 0.02 0.14 0.06 0.01 Sulphide
Incl 146.0 148.0 2.0 2.05 0.32 0.01 0.15 0.13 0.02 Sulphide
and 209.0 212.0 3.0 1.54 0.17 0.03 0.22 0.15 0.02 Sulphide
JD075 8.0 27.0 19.0 0.79 0.13 0.02 0.25 0.12 0.02 Oxide
Incl 8.0 14.7 6.7 1.21 0.18 0.02 0.27 0.21 0.04 Oxide
JD075 37.0 42.0 5.0 0.41 0.11 0.02 0.15 0.13 0.02 Sulphide
JD075 49.0 54.0 5.0 0.39 0.07 0.03 0.16 0.06 0.02 Sulphide
JD075 61.0 67.0 6.0 0.31 0.06 0.01 0.14 0.01 0.01 Sulphide
JD075 71.6 77.0 5.5 0.46 0.09 0.01 0.19 0.05 0.02 Sulphide
JD075 82.0 143.0 61.0 0.47 0.11 0.01 0.19 0.04 0.02 Sulphide
JD075 173.0 177.8 4.8 0.37 0.07 0.03 0.14 0.05 0.01 Sulphide
JD075 183.3 197.0 13.7 0.33 0.10 0.01 0.16 0.06 0.01 Sulphide
JD075 205.8 211.0 5.2 2.81 4.22 0.11 0.17 0.10 0.02 Sulphide
Incl 207.0 211.0 4.0 3.43 5.31 0.11 0.19 0.11 0.02 Sulphide
JD076 22.8 29.5 6.7 0.47 0.19 0.02 0.15 0.17 0.02 Oxide
JD076 29.5 129.7 100.2 0.72 0.15 0.01 0.16 0.09 0.02 Sulphide
Incl 70.0 80.0 10.0 1.22 0.23 0.01 0.21 0.08 0.02 Sulphide
and 104.0 109.0 5.0 1.07 0.20 0.02 0.20 0.17 0.02 Sulphide
JD076 138.0 154.1 16.1 0.61 0.14 0.02 0.15 0.08 0.02 Sulphide
Incl 150.0 154.1 4.1 1.01 0.22 0.02 0.17 0.09 0.02 Sulphide
JD076 179.3 268.0 88.7 0.52 0.11 0.01 0.14 0.07 0.02 Sulphide

17 Chalice Mining Limited

ASX:CHN OTCQB:CGMLF

Hole ID From To Interval Pd Pt Au Ni Cu Co Geology
(m) (m) (m) (g/t) (g/t) (g/t) (%) (%) (%)
Incl 196.0 198.0 2.0 1.19 0.22 0.01 0.21 0.06 0.02 Sulphide
JD076 273.0 368.1 95.1 0.53 0.12 <0.01 0.14 0.06 0.02 Sulphide
Incl 309.0 311.0 2.0 1.40 0.41 0.01 0.19 0.09 0.02 Sulphide
and 319.0 323.0 4.0 1.00 0.20 <0.01 0.23 0.08 0.02 Sulphide
and 330.0 334.0 4.0 1.06 0.18 <0.01 0.21 0.17 0.02 Sulphide
JD076 393.0 407.5 14.5 0.59 0.14 <0.01 0.17 0.05 0.02 Sulphide
JD076 412.7 420.0 7.3 0.40 0.11 0.02 0.12 0.07 0.01 Sulphide
JD076 429.0 586.2 157.2 0.57 0.13 0.02 0.18 0.10 0.02 Sulphide
Incl 446.0 456.0 10.0 1.57 0.32 0.06 0.37 0.50 0.03 Sulphide
JD077 18.4 24.9 6.5 0.67 0.13 0.01 0.12 0.20 0.01 Oxide
JD077 27.5 35.8 8.3 0.38 0.09 <0.01 0.13 0.06 0.01 Sulphide
JD077 94.9 182.0 87.1 0.59 0.11 0.02 0.16 0.05 0.01 Sulphide
JD078 2.0 29.0 27.0 1.24 0.30 0.04 0.22 0.21 0.05 Oxide
Incl 7.6 21.7 14.1 1.77 0.33 0.04 0.28 0.29 0.08 Oxide
JD078 29.0 68.0 39.0 0.46 0.12 <0.01 0.16 0.07 0.01 Sulphide
JD078 74.0 81.3 7.3 0.37 0.11 <0.01 0.12 0.10 0.01 Sulphide
JD078 86.0 91.0 5.0 0.45 0.13 0.05 0.13 0.04 0.01 Sulphide
JD078 120.0 226.0 106.0 0.51 0.11 0.05 0.15 0.11 0.01 Sulphide
Incl 184.6 187.0 2.4 1.23 0.34 0.32 0.21 0.51 0.02 Sulphide
JD078 236.8 243.0 6.2 1.67 1.01 0.18 0.11 0.10 0.01 Sulphide
Incl 236.8 242.0 5.2 1.93 1.19 0.21 0.11 0.11 0.01 Sulphide
JD079 9.3 19.7 10.4 0.72 0.18 0.02 0.16 0.12 0.02 Oxide
Incl 13.0 17.0 4.0 1.19 0.29 0.01 0.30 0.16 0.04 Oxide
JD079 28.0 33.6 5.6 0.54 0.10 <0.01 0.14 0.21 0.01 Oxide
JD079 36.0 67.3 31.3 0.47 0.11 <0.01 0.14 0.04 0.01 Sulphide
JD079 141.1 148.0 6.9 0.82 0.47 0.07 0.13 0.04 0.01 Sulphide
Incl 146.0 148.0 2.0 1.26 1.20 0.07 0.09 0.05 0.01 Sulphide
JD080 5.0 19.0 14.0 0.56 0.04 0.03 0.19 0.12 0.01 Oxide
JD080 65.0 77.0 12.0 0.74 0.15 0.03 0.19 0.16 0.02 Sulphide
JD081 34.0 53.0 19.0 0.77 0.14 0.02 0.17 0.11 0.02 Sulphide
JD081 111.0 190.0 79.0 0.67 0.14 <0.01 0.16 0.06 0.02 Sulphide
Incl 154.0 158.0 4.0 1.32 0.30 <0.01 0.20 0.13 0.01 Sulphide
JD081 297.0 302.0 5.0 3.67 0.26 0.07 0.30 0.21 0.03 Sulphide
JD081 378.0 432.5 54.5 0.48 0.11 <0.01 0.15 0.03 0.01 Sulphide
JD081 441.0 486.0 45.0 0.41 0.10 0.09 0.14 0.10 0.01 Sulphide
JD081 492.0 542.9 50.9 0.78 0.15 0.14 0.11 0.30 0.01 Sulphide
Incl 495.0 506.0 11.0 1.62 0.30 0.52 0.13 0.71 0.01 Sulphide
JD082 11.9 22.0 10.1 0.55 0.07 <0.01 0.22 0.09 0.02 Oxide

18 Chalice Mining Limited

ASX:CHN OTCQB:CGMLF

Hole ID From To Interval Pd Pt Au Ni Cu Co Geology
(m) (m) (m) (g/t) (g/t) (g/t) (%) (%) (%)
JD082 30.0 84.0 54.0 0.63 0.14 0.01 0.16 0.09 0.02 Sulphide
Incl 60.0 63.0 3.0 1.17 0.40 0.03 0.24 0.22 0.03 Sulphide
and 82.0 84.0 2.0 2.76 0.29 0.08 0.38 0.21 0.04 Sulphide
JD083 12.0 39.0 27.0 0.61 0.14 0.13 0.08 0.01 0.02 Oxide
Incl 13.0 20.2 7.2 1.59 0.38 0.02 0.14 0.10 0.02 Oxide
JD083 39.0 49.0 10.0 0.75 0.15 0.15 0.03 <0.01 0.01 Sulphide
Incl 44.0 47.0 3.0 1.35 0.24 <0.01 0.18 0.03 0.02 Sulphide
JD083 74.0 118.5 44.5 0.67 0.14 0.15 0.10 0.02 0.01 Sulphide
Incl 77.0 81.0 4.0 1.09 0.21 0.02 0.19 0.07 0.02 Sulphide
and 92.0 95.4 3.4 1.19 0.21 0.02 0.17 0.13 0.02 Sulphide
JD083 131.7 156.0 24.3 0.83 0.17 0.26 0.25 0.04 0.02 Sulphide
Incl 131.7 137.6 5.9 1.97 0.41 0.13 0.47 0.67 0.05 Sulphide
JD083 166.1 206.0 39.9 0.50 0.10 0.15 0.07 0.01 0.02 Sulphide
JD083 210.1 267.2 57.1 0.67 0.15 0.17 0.13 0.03 0.02 Sulphide
Incl 249.5 258.0 8.5 1.43 0.37 0.10 0.31 0.31 0.03 Sulphide
JD083 273.0 281.0 8.0 0.59 0.10 0.14 0.08 0.01 0.01 Sulphide
JD083 298.0 306.0 8.0 0.40 0.09 0.13 0.02 0.01 0.01 Sulphide
JD083 320.6 335.5 14.9 0.36 0.08 0.09 0.02 <0.01 0.01 Sulphide
JD083 362.0 387.0 25.0 0.51 0.10 0.17 0.06 0.01 0.02 Sulphide
JD083 412.0 423.7 11.7 0.63 0.17 0.15 0.16 0.01 0.01 Sulphide
JD083 428.0 563.9 135.9 0.57 0.13 0.15 0.07 0.02 0.01 Sulphide
Incl 499.0 501.0 2.0 1.52 0.98 0.03 0.23 0.20 0.02 Sulphide
and 555.0 561.8 6.8 1.89 0.30 0.04 0.13 0.04 0.01 Sulphide
JD084 3.0 23.0 20.0 0.86 0.23 0.08 0.17 0.26 0.02 Oxide
Incl 5.0 16.6 11.6 1.33 0.31 0.07 0.26 0.36 0.03 Oxide
JD084 23.0 61.5 38.5 0.66 0.18 0.02 0.14 0.17 0.02 Sulphide
Incl 39.8 45.2 5.4 1.06 0.27 0.02 0.22 0.29 0.02 Sulphide
JD084 75.3 83.9 8.6 1.03 0.12 0.08 0.18 0.11 0.02 Sulphide
JD084 109.0 116.7 7.7 0.89 0.09 0.03 0.22 0.30 0.02 Sulphide
JD085 15.4 22.0 6.6 3.41 0.44 <0.01 0.09 0.21 0.17 Oxide
Incl 15.4 20.3 4.9 3.89 0.50 <0.01 0.09 0.23 0.19 Oxide
JD085 24.4 31.0 6.6 0.72 0.14 <0.01 0.13 0.05 0.02 Oxide
JD085 43.0 167.0 124.0 0.57 0.12 <0.01 0.17 0.06 0.02 Sulphide
JD085 201.0 269.5 68.5 1.33 0.28 0.06 0.15 0.19 0.01 Sulphide
Incl 210.0 222.0 12.0 5.04 1.00 0.16 0.25 0.48 0.02 Sulphide
and 225.0 228.0 3.0 3.26 0.70 0.09 0.16 0.11 0.01 Sulphide
and 328.0 330.0 2.0 1.93 0.25 0.60 0.09 0.08 0.02 Sulphide
JD085 335.0 342.0 7.0 0.72 0.27 0.07 0.08 0.02 0.01 Sulphide

19 Chalice Mining Limited

ASX:CHN OTCQB:CGMLF

Hole ID From To Interval Pd Pt Au Ni Cu Co Geology
(m) (m) (m) (g/t) (g/t) (g/t) (%) (%) (%)
JD086 3.2 29.2 26.0 1.37 0.27 0.12 0.15 0.29 0.03 Oxide
Incl 8.5 17.3 8.8 2.16 0.31 0.20 0.27 0.49 0.06 Oxide
and 24.8 29.2 4.4 2.21 0.64 0.08 0.12 0.31 0.02 Oxide
JD086 29.2 34.0 4.9 1.40 0.30 0.38 0.10 0.52 0.01 Sulphide
Incl 31.0 34.0 3.0 1.83 0.43 0.55 0.11 0.69 0.01 Sulphide
JD086 58.4 85.5 27.1 0.85 0.34 0.02 0.14 0.14 0.01 Sulphide
Incl 65.0 69.3 4.3 2.52 0.96 0.07 0.22 0.35 0.02 Sulphide
JD086 125.0 132.0 7.0 0.53 <0.01 0.04 0.07 0.15 0.01 Sulphide
JD087 0.7 25.0 24.3 1.27 0.46 0.03 0.20 0.16 0.02 Oxide
Incl 0.7 17.0 16.3 1.79 0.69 0.04 0.19 0.18 0.03 Oxide
JD087 35.2 40.0 4.8 3.87 0.56 0.05 0.42 0.24 0.03 Sulphide
Incl 35.2 39.5 4.4 4.21 0.59 0.05 0.44 0.26 0.04 Sulphide
JD087 48.0 63.4 15.4 7.10 1.34 0.04 0.64 0.30 0.05 Sulphide
JD087 106.0 176.7 70.7 0.42 0.11 <0.01 0.15 0.03 0.01 Sulphide
JD087 198.2 241.9 43.7 0.41 0.13 0.02 0.16 0.07 0.02 Sulphide
JD087 274.0 310.5 36.5 0.86 0.31 0.13 0.13 0.29 0.01 Sulphide
Incl 278.7 284.0 5.3 1.51 0.72 0.23 0.16 0.41 0.02 Sulphide
and 289.0 296.0 7.0 1.23 0.52 0.24 0.12 0.52 0.01 Sulphide
JD088 1.5 31.2 29.7 1.17 0.31 0.29 0.22 0.41 0.05 Oxide
Incl 3.1 17.0 13.9 1.84 0.40 0.38 0.35 0.65 0.09 Oxide
and 28.0 31.2 3.2 1.02 0.50 0.07 0.13 0.16 0.02 Oxide
JD088 31.2 38.6 7.4 2.13 0.62 0.98 0.10 0.42 0.01 Sulphide
Incl 33.0 38.6 5.6 2.57 0.76 1.28 0.10 0.54 0.01 Sulphide
JD088 55.3 89.8 34.5 0.58 0.12 0.04 0.12 0.19 0.01 Sulphide
Incl 87.0 89.0 2.0 1.11 0.25 0.03 0.17 0.15 0.02 Sulphide
JD088 93.9 140.4 46.5 0.94 0.20 0.10 0.18 0.21 0.02 Sulphide
Incl 112.0 114.6 2.6 1.82 0.31 0.61 0.14 0.89 0.02 Sulphide
and 122.6 124.8 2.2 2.26 0.35 0.04 0.37 0.13 0.03 Sulphide
and 130.0 135.0 5.0 1.79 0.49 0.05 0.43 0.22 0.04 Sulphide
and 138.0 140.0 2.0 1.23 0.31 0.14 0.22 0.15 0.02 Sulphide
JRC218D 33.0 54.0 21.0 0.54 0.11 <0.01 0.15 0.06 0.02 Sulphide
JRC218D 66.0 94.0 28.0 0.43 0.09 <0.01 0.12 0.07 0.01 Sulphide
JRC218D 105.0 111.0 6.0 0.35 0.08 <0.01 0.18 0.06 0.02 Sulphide
JRC218D 144.0 162.0 18.0 0.31 0.09 <0.01 0.13 0.03 0.01 Sulphide
JRC218D 167.0 191.5 24.5 0.58 0.13 <0.01 0.16 0.08 0.02 Sulphide
Incl 171.0 173.0 2.0 1.33 0.29 <0.01 0.27 0.27 0.02 Sulphide
JRC218D 211.7 220.1 8.4 0.66 0.17 <0.01 0.13 0.04 0.01 Sulphide
Incl 217.0 219.0 2.0 1.35 0.39 <0.01 0.12 0.05 0.01 Sulphide

20 Chalice Mining Limited

ASX:CHN OTCQB:CGMLF

Hole ID From To Interval Pd Pt Au Ni Cu Co Geology
(m) (m) (m) (g/t) (g/t) (g/t) (%) (%) (%)
JRC218D 225.1 251.0 25.9 0.50 0.12 0.01 0.16 0.11 0.02 Sulphide
JRC218D 265.0 274.0 9.0 0.50 0.20 0.02 0.17 0.40 0.01 Sulphide
JRC218D 285.0 335.4 50.4 0.50 0.11 0.01 0.15 0.05 0.01 Sulphide
JRC218D 340.7 346.7 6.0 0.59 0.11 <0.01 0.18 0.01 0.02 Sulphide
JRC232 9.0 30.0 21.0 1.19 0.31 0.06 0.11 0.15 0.05 Oxide
Incl 10.0 22.0 12.0 1.63 0.42 0.09 0.10 0.16 0.07 Oxide
JRC232 30.0 82.0 52.0 0.50 0.11 <0.01 0.13 0.07 0.01 Sulphide
JRC232 109.0 135.0 26.0 0.67 0.16 0.02 0.15 0.16 0.02 Sulphide
Incl 109.0 112.0 3.0 2.05 0.59 0.07 0.23 0.79 0.02 Sulphide
JRC232 143.0 165.0 22.0 0.39 0.09 <0.01 0.13 0.03 0.01 Sulphide
JRC232 172.0 251.0 79.0 0.80 0.18 0.01 0.17 0.07 0.02 Sulphide
Incl 177.0 179.0 2.0 3.23 0.42 0.09 0.40 0.11 0.04 Sulphide
and 185.0 200.0 15.0 1.56 0.43 <0.01 0.24 0.11 0.02 Sulphide
and 219.0 223.0 4.0 1.87 0.36 0.04 0.20 0.41 0.02 Sulphide
JRC232 258.0 357.0 99.0 0.51 0.12 0.01 0.17 0.07 0.02 Sulphide
JRC237D 7.0 31.0 24.0 0.93 0.23 <0.01 0.11 0.08 0.02 Oxide
Incl 15.0 22.0 7.0 1.71 0.46 <0.01 0.06 0.12 0.05 Oxide
JRC237D 31.0 117.0 86.0 0.58 0.12 <0.01 0.18 0.06 0.02 Sulphide
Incl 98.0 100.0 2.0 1.18 0.18 <0.01 0.24 0.06 0.02 Sulphide
and 106.0 108.0 2.0 1.08 0.32 <0.01 0.37 0.11 0.03 Sulphide
JRC237D 143.0 147.0 4.0 0.52 0.11 <0.01 0.14 0.04 0.01 Sulphide
JRC239 9.0 30.0 21.0 1.01 0.26 <0.01 0.08 0.08 0.02 Oxide
Incl 15.0 21.0 6.0 1.54 0.39 <0.01 0.06 0.12 0.04 Oxide
and 26.0 29.0 3.0 1.10 0.28 <0.01 0.20 0.07 0.03 Oxide
JRC239 30.0 84.0 54.0 0.44 0.09 <0.01 0.14 0.05 0.02 Sulphide
JRC239 89.0 144.0 55.0 0.72 0.17 <0.01 0.17 0.07 0.02 Sulphide
Incl 113.0 117.0 4.0 1.14 0.28 <0.01 0.28 0.10 0.02 Sulphide
and 129.0 133.0 4.0 1.17 0.27 <0.01 0.23 0.18 0.02 Sulphide
JRC239 163.0 199.0 36.0 0.40 0.09 <0.01 0.13 0.05 0.01 Sulphide
JRC239 208.0 216.0 8.0 0.35 0.19 <0.01 0.08 0.04 0.01 Sulphide
JRC239 230.0 252.0 22.0 0.48 0.11 <0.01 0.17 0.07 0.02 Sulphide
Incl 236.0 238.0 2.0 1.25 0.40 0.03 0.44 0.42 0.05 Sulphide
JRC240 54.0 118.0 64.0 0.55 0.12 <0.01 0.16 0.05 0.01 Sulphide
JRC240 218.0 321.0 103.0 1.13 0.41 0.11 0.16 0.16 0.02 Sulphide
Incl 226.0 233.0 7.0 8.09 3.74 0.50 0.50 0.53 0.03 Sulphide
and 237.0 239.0 2.0 1.54 0.41 0.25 0.19 0.81 0.02 Sulphide
and 257.0 267.0 10.0 1.11 0.25 0.08 0.14 0.15 0.02 Sulphide
and 288.0 290.0 2.0 1.33 0.60 0.03 0.14 0.09 0.02 Sulphide

21 Chalice Mining Limited

ASX:CHN OTCQB:CGMLF

Hole ID From To Interval Pd Pt Au Ni Cu Co Geology
(m) (m) (m) (g/t) (g/t) (g/t) (%) (%) (%)
JRC240 327.0 340.0 13.0 0.54 0.12 0.10 0.11 0.06 0.01 Sulphide
JRC240 349.0 360.0 11.0 1.30 0.25 0.18 0.12 0.10 0.01 Sulphide
Incl 352.0 358.0 6.0 1.87 0.36 0.19 0.13 0.08 0.01 Sulphide
JRC250 19.0 29.0 10.0 0.45 0.09 0.03 0.09 0.06 0.01 Oxide
JRC250 52.0 149.0 97.0 0.62 0.13 0.05 0.15 0.07 0.02 Sulphide
Incl 58.0 60.0 2.0 1.18 0.23 0.03 0.20 0.09 0.02 Sulphide
and 104.0 106.0 2.0 1.54 0.31 0.02 0.17 0.11 0.02 Sulphide
and 111.0 121.0 10.0 1.19 0.22 0.11 0.20 0.19 0.02 Sulphide
JRC250 156.0 234.0 78.0 0.57 0.11 0.02 0.17 0.10 0.02 Sulphide
Incl 164.0 166.0 2.0 1.22 0.22 0.04 0.25 0.07 0.03 Sulphide
JRC250 241.0 284.0 43.0 0.80 0.18 <0.01 0.18 0.12 0.02 Sulphide
Incl 244.0 247.0 3.0 1.76 0.53 0.01 0.24 0.13 0.02 Sulphide
and 251.0 256.0 5.0 1.22 0.26 0.01 0.30 0.21 0.02 Sulphide
and 265.0 267.0 2.0 1.73 0.44 0.01 0.23 0.25 0.02 Sulphide
JRC251 173.0 197.0 24.0 0.57 0.12 <0.01 0.16 0.07 0.02 Sulphide
JRC251 204.0 222.0 18.0 0.53 0.11 <0.01 0.14 0.05 0.02 Sulphide
JRC251 234.0 258.0 24.0 0.56 0.13 <0.01 0.14 0.07 0.02 Sulphide
JRC252D 56.0 72.0 16.0 0.54 0.19 <0.01 0.11 0.05 0.01 Sulphide
Incl 62.0 64.0 2.0 1.11 0.34 <0.01 0.17 0.13 0.01 Sulphide
JRC252D 105.0 116.0 11.0 0.49 0.11 <0.01 0.14 0.03 0.01 Sulphide
JRC252D 148.0 193.9 45.9 0.55 0.11 0.01 0.19 0.08 0.02 Sulphide
Incl 149.0 151.0 2.0 2.46 0.34 0.01 1.26 0.38 0.09 Sulphide
and 185.0 187.0 2.0 1.18 0.35 0.10 0.15 0.39 0.02 Sulphide
JRC252D 276.1 281.1 5.0 1.32 0.28 0.06 0.20 0.37 0.01 Sulphide
JRC252DW1 274.4 328.4 54.0 0.61 0.16 0.04 0.15 0.11 0.01 Sulphide
Incl 282.0 284.0 2.0 2.14 0.48 0.11 0.20 0.34 0.02 Sulphide
JRC252DW1 341.0 351.0 10.0 1.68 0.43 0.20 0.09 0.07 0.01 Sulphide
Incl 341.9 351.0 9.1 1.78 0.47 0.21 0.09 0.07 0.01 Sulphide
JRC258 36.0 42.0 6.0 0.40 0.10 <0.01 0.16 0.06 0.02 Oxide
JRC258 42.0 57.0 15.0 0.45 0.09 <0.01 0.15 0.08 0.02 Sulphide
JRC258 66.0 255.0 189.0 0.65 0.15 0.04 0.13 0.11 0.01 Sulphide
Incl 75.0 77.0 2.0 1.50 0.35 0.03 0.14 0.06 0.01 Sulphide
and 152.0 157.0 5.0 1.04 0.21 0.04 0.17 0.08 0.02 Sulphide
and 175.0 179.0 4.0 1.04 0.17 0.16 0.22 0.53 0.02 Sulphide
and 208.0 214.0 6.0 1.22 0.24 0.12 0.15 0.11 0.02 Sulphide
and 220.0 226.0 6.0 1.16 0.26 0.05 0.17 0.10 0.01 Sulphide
and 231.0 235.0 4.0 2.07 0.50 0.03 0.29 0.35 0.02 Sulphide
JRC259 14.0 26.0 12.0 0.45 0.08 0.02 0.05 0.09 0.01 Oxide

22 Chalice Mining Limited

ASX:CHN OTCQB:CGMLF

Hole ID From To Interval Pd Pt Au Ni Cu Co Geology
(m) (m) (m) (g/t) (g/t) (g/t) (%) (%) (%)
JRC259 44.0 53.0 9.0 0.60 0.11 <0.01 0.15 0.05 0.01 Sulphide
JRC259 126.0 134.0 8.0 0.43 0.09 <0.01 0.14 0.05 0.02 Sulphide
JRC260 5.0 27.0 22.0 3.38 0.71 0.91 0.18 0.39 0.10 Oxide
Incl 8.0 26.0 18.0 4.08 0.82 1.11 0.20 0.43 0.12 Oxide
JRC261D 26.0 33.0 7.0 0.59 0.18 0.04 0.13 0.05 0.02 Oxide
JRC261D 43.0 61.0 18.0 0.47 0.10 0.10 0.13 0.26 0.01 Sulphide
JRC261D 82.0 147.0 65.0 0.63 0.15 0.02 0.15 0.07 0.01 Sulphide
Incl 87.0 93.0 6.0 1.48 0.34 0.04 0.16 0.14 0.02 Sulphide
and 111.0 115.0 4.0 1.10 0.24 0.03 0.22 0.10 0.02 Sulphide
JRC261D 153.0 203.0 50.0 0.88 0.20 0.04 0.14 0.12 0.01 Sulphide
Incl 166.0 180.0 14.0 1.52 0.33 0.06 0.19 0.13 0.02 Sulphide
JRC261D 210.0 216.0 6.0 0.56 0.13 0.05 0.11 0.10 0.01 Sulphide
JRC261D 239.0 283.4 44.4 0.50 0.10 <0.01 0.15 0.09 0.02 Sulphide
JRC261D 292.0 330.0 38.0 0.66 0.13 <0.01 0.19 0.04 0.02 Sulphide
Incl 313.4 316.0 2.6 1.90 0.40 <0.01 0.50 0.14 0.05 Sulphide
JRC261D 335.0 404.0 69.0 0.44 0.09 <0.01 0.15 0.07 0.02 Sulphide
JRC261D 410.0 418.0 8.0 0.67 0.14 <0.01 0.19 0.12 0.02 Sulphide
JRC261D 425.0 444.1 19.1 0.48 0.10 <0.01 0.16 0.08 0.02 Sulphide
JRC261D 464.7 569.0 104.3 0.60 0.13 0.02 0.16 0.08 0.02 Sulphide
Incl 539.0 542.0 3.0 1.42 0.35 0.03 0.20 0.12 0.02 Sulphide
and 566.0 568.0 2.0 1.48 0.57 0.04 0.14 0.05 0.01 Sulphide
JRC262 71.0 171.0 100.0 0.54 0.11 <0.01 0.16 0.06 0.02 Sulphide
Incl 109.0 116.0 7.0 1.36 0.29 <0.01 0.28 0.16 0.03 Sulphide
JRC262 182.0 276.0 94.0 0.68 0.15 <0.01 0.16 0.07 0.02 Sulphide
Incl 207.0 210.0 3.0 1.31 0.32 <0.01 0.25 0.16 0.03 Sulphide
and 259.0 261.0 2.0 3.66 0.99 0.02 0.44 0.17 0.05 Sulphide
and 270.0 273.0 3.0 1.09 0.22 0.02 0.22 0.13 0.03 Sulphide
JRC263 48.0 56.0 8.0 0.36 0.09 0.01 0.10 0.09 0.01 Sulphide
JRC263 62.0 77.0 15.0 0.39 0.10 0.01 0.10 0.08 0.01 Sulphide
JRC263 143.0 147.0 4.0 0.36 0.07 <0.01 0.15 0.01 0.01 Sulphide
JRC263 162.0 264.0 102.0 0.78 0.15 <0.01 0.29 0.11 0.02 Sulphide
Incl 166.0 171.0 5.0 1.17 0.20 <0.01 0.21 0.01 0.01 Sulphide
and 237.0 246.0 9.0 3.60 0.56 0.01 1.69 0.68 0.10 Sulphide
JRC263 272.0 303.0 31.0 0.49 0.10 <0.01 0.16 0.05 0.02 Sulphide
JRC264 42.0 54.0 12.0 0.57 0.12 0.02 0.15 0.08 0.01 Oxide
Incl 52.0 54.0 2.0 1.04 0.26 0.02 0.11 0.12 0.01 Oxide
JRC264 60.0 80.0 20.0 0.78 0.20 0.06 0.10 0.15 0.01 Sulphide
Incl 65.0 69.0 4.0 1.11 0.29 0.14 0.11 0.08 0.01 Sulphide

23 Chalice Mining Limited

ASX:CHN OTCQB:CGMLF

Hole ID From To Interval Pd Pt Au Ni Cu Co Geology
(m) (m) (m) (g/t) (g/t) (g/t) (%) (%) (%)
and 72.0 77.0 5.0 1.04 0.25 0.04 0.11 0.11 0.01 Sulphide
JRC264 94.0 159.0 65.0 0.69 0.15 0.03 0.15 0.10 0.01 Sulphide
Incl 106.0 109.0 3.0 1.04 0.21 0.03 0.15 0.11 0.01 Sulphide
and 121.0 126.0 5.0 1.07 0.21 0.02 0.15 0.05 0.01 Sulphide
JRC264 191.0 201.0 10.0 0.49 0.13 0.03 0.08 0.09 0.01 Sulphide
JRC264 228.0 238.0 10.0 0.35 0.09 0.01 0.09 0.06 0.01 Sulphide
JRC264 265.0 297.0 32.0 0.40 0.08 0.01 0.11 0.06 0.01 Sulphide
JRC265 6.0 11.0 5.0 0.42 0.05 0.03 0.05 0.06 0.01 Oxide
JRC265 48.0 62.0 14.0 0.73 0.27 0.02 0.18 0.09 0.02 Sulphide
JRC266 14.0 39.0 25.0 0.62 0.14 <0.01 0.16 0.07 0.03 Oxide
JRC266 41.0 92.0 51.0 0.47 0.10 <0.01 0.15 0.08 0.01 Sulphide
Incl 53.0 57.0 4.0 1.59 0.28 0.01 0.51 0.34 0.04 Sulphide
JRC266 97.0 102.0 5.0 0.37 0.08 <0.01 0.14 <0.01 0.02 Sulphide
JRC267 7.0 18.0 11.0 1.10 0.41 0.02 0.16 0.19 0.05 Oxide
Incl 9.0 16.0 7.0 1.33 0.51 0.02 0.18 0.23 0.06 Oxide
JRC267 18.0 63.0 45.0 0.70 0.16 <0.01 0.14 0.09 0.01 Sulphide
JRC267 68.0 94.0 26.0 0.49 0.12 <0.01 0.14 0.07 0.01 Sulphide
JRC267 109.0 125.0 16.0 0.64 0.13 0.02 0.15 <0.01 0.01 Sulphide
JRC268 85.0 106.0 21.0 0.47 0.10 <0.01 0.14 0.08 0.01 Sulphide
JRC268 115.0 135.0 20.0 0.64 0.15 <0.01 0.16 0.07 0.02 Sulphide
JRC268 141.0 160.0 19.0 0.52 0.12 <0.01 0.12 0.08 0.01 Sulphide
JRC268 166.0 233.0 67.0 0.44 0.10 0.06 0.11 0.11 0.01 Sulphide
JRC268 243.0 283.0 40.0 0.71 0.15 0.02 0.14 0.04 0.01 Sulphide
Incl 246.0 251.0 5.0 1.42 0.30 0.02 0.15 0.07 0.02 Sulphide
JRC268 296.0 300.0 4.0 0.53 0.10 0.04 0.16 0.17 0.02 Sulphide
JRC269 95.0 121.0 26.0 0.53 0.11 <0.01 0.16 0.01 0.01 Sulphide
JRC269 135.0 214.0 79.0 0.49 0.11 <0.01 0.16 0.05 0.01 Sulphide
JRC270 8.0 22.0 14.0 0.64 0.20 0.02 0.12 0.16 0.04 Oxide
JRC270 22.0 123.0 101.0 0.63 0.14 0.01 0.14 0.09 0.01 Sulphide
Incl 42.0 46.0 4.0 1.04 0.18 0.02 0.13 0.12 0.01 Sulphide
JRC270 129.0 135.0 6.0 0.52 0.15 <0.01 0.19 0.08 0.02 Sulphide
JRC270 143.0 194.0 51.0 0.73 0.23 0.02 0.13 0.07 0.02 Sulphide
Incl 167.0 169.0 2.0 5.02 2.18 0.09 0.18 0.08 0.03 Sulphide
and 187.0 189.0 2.0 1.23 0.46 0.13 0.19 0.31 0.02 Sulphide
JRC271 129.0 141.0 12.0 0.52 0.12 <0.01 0.14 0.04 0.01 Sulphide
JRC271 170.0 197.0 27.0 0.35 0.09 <0.01 0.11 0.07 0.01 Sulphide
JRC271 216.0 228.0 12.0 0.75 0.17 0.04 0.13 0.15 0.01 Sulphide
Incl 221.0 223.0 2.0 1.29 0.25 0.03 0.16 0.13 0.02 Sulphide

24 Chalice Mining Limited

ASX:CHN OTCQB:CGMLF

Hole ID From To Interval Pd Pt Au Ni Cu Co Geology
(m) (m) (m) (g/t) (g/t) (g/t) (%) (%) (%)
JRC272 37.0 46.0 9.0 0.31 0.20 0.04 0.08 0.08 0.01 Oxide
JRC272 62.0 93.0 31.0 0.47 0.10 <0.01 0.16 0.07 0.01 Sulphide
JRC272 100.0 145.0 45.0 0.66 0.14 <0.01 0.16 0.03 0.01 Sulphide
Incl 109.0 117.0 8.0 1.32 0.26 <0.01 0.18 0.05 0.02 Sulphide
JRC272 190.0 195.0 5.0 0.49 0.10 <0.01 0.17 0.07 0.02 Sulphide
JRC272 201.0 207.0 6.0 0.63 0.13 <0.01 0.13 0.03 0.01 Sulphide
JRC272 228.0 242.0 14.0 0.45 0.11 <0.01 0.15 0.07 0.01 Sulphide
JRC272 255.0 315.0 60.0 0.85 0.19 0.01 0.16 0.08 0.02 Sulphide
Incl 299.0 305.0 6.0 1.57 0.27 0.03 0.19 0.11 0.02 Sulphide
and 308.0 311.0 3.0 1.71 0.48 0.04 0.17 0.18 0.02 Sulphide
JRC273 8.0 27.0 19.0 0.51 0.16 0.01 0.18 0.15 0.04 Oxide
JRC273 27.0 39.0 12.0 0.78 0.20 <0.01 0.20 0.18 0.02 Sulphide
Incl 34.0 36.0 2.0 1.20 0.29 <0.01 0.23 0.23 0.02 Sulphide
JRC273 45.0 121.0 76.0 0.76 0.16 <0.01 0.16 0.08 0.02 Sulphide
Incl 50.0 57.0 7.0 1.52 0.44 0.01 0.22 0.14 0.02 Sulphide
JRC273 137.0 145.0 8.0 0.54 0.13 <0.01 0.15 0.09 0.02 Sulphide
JRC274 16.0 24.0 8.0 0.72 0.15 0.01 0.12 0.09 0.01 Oxide
Incl 20.0 22.0 2.0 1.08 0.22 0.01 0.13 0.09 0.01 Oxide
JRC274 24.0 173.0 149.0 0.75 0.19 0.02 0.16 0.07 0.02 Sulphide
Incl 26.0 30.0 4.0 1.03 0.20 <0.01 0.16 0.06 0.02 Sulphide
and 135.0 149.0 14.0 2.71 0.92 0.05 0.29 0.17 0.02 Sulphide
JRC274 182.0 258.0 76.0 0.55 0.12 0.01 0.13 0.08 0.01 Sulphide
Incl 204.0 209.0 5.0 1.05 0.20 0.02 0.13 0.08 0.01 Sulphide
JRC275 37.0 46.0 9.0 0.75 0.20 0.04 0.15 0.23 0.02 Oxide
JRC275 46.0 88.0 42.0 0.62 0.15 0.01 0.14 0.10 0.01 Sulphide
Incl 63.0 65.0 2.0 1.19 0.24 0.02 0.19 0.16 0.02 Sulphide
JRC275 118.0 234.0 116.0 0.61 0.12 <0.01 0.16 0.05 0.02 Sulphide
Incl 122.0 127.0 5.0 1.72 0.36 <0.01 0.29 0.19 0.03 Sulphide
and 164.0 169.0 5.0 1.16 0.22 <0.01 0.19 0.07 0.02 Sulphide
JRC275 243.0 300.0 57.0 0.70 0.16 <0.01 0.17 0.05 0.02 Sulphide
JRC276 83.0 284.0 201.0 0.63 0.15 <0.01 0.15 0.08 0.02 Sulphide
Incl 113.0 119.0 6.0 1.02 0.25 <0.01 0.13 0.08 0.01 Sulphide
and 131.0 136.0 5.0 1.92 0.33 0.01 0.24 0.21 0.02 Sulphide
and 160.0 165.0 5.0 1.00 0.19 <0.01 0.18 0.09 0.02 Sulphide
and 220.0 223.0 3.0 1.00 0.30 0.07 0.30 0.21 0.03 Sulphide
JRC277 12.0 27.0 15.0 1.02 0.34 0.05 0.07 0.11 0.01 Oxide
Incl 18.0 26.0 8.0 1.41 0.41 0.06 0.08 0.12 0.01 Oxide
JRC277 60.0 222.0 162.0 0.52 0.11 0.01 0.14 0.07 0.01 Sulphide

25 Chalice Mining Limited

ASX:CHN OTCQB:CGMLF

Hole ID From To Interval Pd Pt Au Ni Cu Co Geology
(m) (m) (m) (g/t) (g/t) (g/t) (%) (%) (%)
Incl 93.0 96.0 3.0 1.18 0.23 0.03 0.13 0.24 0.01 Sulphide
JRC277 228.0 234.0 6.0 0.45 0.10 <0.01 0.14 0.04 0.02 Sulphide
JRC277 239.0 270.0 31.0 0.52 0.12 <0.01 0.14 0.12 0.02 Sulphide
JRC278 21.0 34.0 13.0 0.79 0.19 0.02 0.13 0.12 0.02 Oxide
Incl 23.0 25.0 2.0 1.72 0.34 0.02 0.15 0.21 0.02 Oxide
JRC278 42.0 47.0 5.0 0.33 0.11 0.02 0.12 0.07 0.01 Oxide
JRC278 75.0 147.0 72.0 0.66 0.15 0.01 0.15 0.06 0.02 Sulphide
Incl 76.0 82.0 6.0 1.13 0.24 0.04 0.17 0.21 0.02 Sulphide
and 129.0 132.0 3.0 1.32 0.27 <0.01 0.24 0.06 0.02 Sulphide
JRC278 179.0 271.0 92.0 0.55 0.14 <0.01 0.16 0.04 0.02 Sulphide
Incl 202.0 204.0 2.0 1.42 0.37 <0.01 0.19 0.23 0.02 Sulphide
and 217.0 219.0 2.0 3.25 1.71 0.01 0.35 0.13 0.04 Sulphide
JRC278 277.0 298.0 21.0 0.80 0.28 <0.01 0.18 0.10 0.02 Sulphide
Incl 279.0 283.0 4.0 1.41 0.47 0.01 0.26 0.08 0.02 Sulphide
and 288.0 291.0 3.0 1.50 0.75 0.01 0.25 0.35 0.02 Sulphide
JRC279 22.0 31.0 9.0 0.36 0.09 0.03 0.12 0.08 0.02 Oxide
JRC279 31.0 110.0 79.0 0.56 0.13 0.04 0.12 0.13 0.01 Sulphide
Incl 47.0 49.0 2.0 1.83 0.39 0.07 0.19 0.12 0.02 Sulphide
JRC279 154.0 168.0 14.0 0.78 0.18 0.01 0.17 0.08 0.02 Sulphide
JRC279 173.0 211.0 38.0 0.55 0.12 <0.01 0.17 0.06 0.02 Sulphide
JRC279 239.0 300.0 61.0 0.55 0.13 <0.01 0.15 0.05 0.01 Sulphide
JRC280 17.0 31.0 14.0 0.52 0.13 0.02 0.10 0.09 0.01 Oxide
JRC280 31.0 156.0 125.0 0.62 0.13 0.01 0.13 0.07 0.01 Sulphide
Incl 70.0 74.0 4.0 1.09 0.20 0.02 0.16 0.08 0.02 Sulphide
and 114.0 120.0 6.0 1.33 0.27 0.01 0.18 0.07 0.02 Sulphide
and 124.0 130.0 6.0 1.37 0.26 0.02 0.15 0.10 0.01 Sulphide
JRC280 237.0 272.0 35.0 0.51 0.10 <0.01 0.16 0.05 0.02 Sulphide
JRC281 48.0 50.0 2.0 3.42 3.43 0.02 0.18 0.53 0.04 Oxide
JRC282 26.0 146.0 120.0 0.61 0.13 0.03 0.13 0.11 0.01 Sulphide
Incl 34.0 36.0 2.0 1.39 0.30 0.02 0.14 0.10 0.02 Sulphide
and 98.0 102.0 4.0 1.08 0.20 0.02 0.16 0.06 0.02 Sulphide
and 142.0 146.0 4.0 1.56 0.35 0.02 0.18 0.07 0.02 Sulphide
JRC282 161.0 250.0 89.0 0.60 0.13 0.01 0.15 0.07 0.02 Sulphide
Incl 169.0 174.0 5.0 1.15 0.25 0.01 0.20 0.06 0.02 Sulphide
and 190.0 195.0 5.0 1.66 0.48 0.01 0.21 0.13 0.02 Sulphide
JRC283 10.0 23.0 13.0 0.35 0.10 0.01 0.05 0.04 0.01 Oxide
JRC283 122.0 336.0 214.0 0.63 0.15 0.01 0.14 0.08 0.01 Sulphide
Incl 181.0 189.0 8.0 1.33 0.32 0.02 0.25 0.21 0.02 Sulphide

26 Chalice Mining Limited

ASX:CHN OTCQB:CGMLF

Hole ID From To Interval Pd Pt Au Ni Cu Co Geology
(m) (m) (m) (g/t) (g/t) (g/t) (%) (%) (%)
and 290.0 292.0 2.0 1.17 0.61 0.10 0.26 0.17 0.03 Sulphide
and 295.0 300.0 5.0 1.47 0.47 0.08 0.16 0.07 0.02 Sulphide
and 323.0 325.0 2.0 1.06 0.22 <0.01 0.19 0.05 0.02 Sulphide
JRC283 345.0 373.0 28.0 0.47 0.10 0.01 0.12 0.06 0.01 Sulphide
JRC284 127.0 140.0 13.0 0.33 0.08 0.01 0.13 0.09 0.01 Sulphide
JRC284 148.0 177.0 29.0 0.42 0.11 0.03 0.13 0.14 0.01 Sulphide
JRC285 60.0 74.0 14.0 0.57 0.13 0.01 0.12 0.10 0.01 Sulphide
JRC285 102.0 260.0 158.0 0.72 0.16 0.03 0.14 0.10 0.01 Sulphide
Incl 106.0 111.0 5.0 1.08 0.26 0.03 0.13 0.11 0.01 Sulphide
and 168.0 173.0 5.0 1.03 0.19 0.02 0.15 0.06 0.01 Sulphide
and 235.0 243.0 8.0 1.16 0.24 0.08 0.21 0.19 0.02 Sulphide
and 246.0 259.0 13.0 1.08 0.24 0.05 0.19 0.13 0.02 Sulphide
JRC286 11.0 22.0 11.0 0.69 0.22 0.04 0.13 0.18 0.02 Oxide
JRC286 22.0 59.0 37.0 0.54 0.13 0.02 0.12 0.09 0.01 Sulphide
Incl 27.0 31.0 4.0 1.14 0.24 0.07 0.18 0.21 0.02 Sulphide
JRC286 65.0 159.0 94.0 0.63 0.15 0.01 0.15 0.09 0.02 Sulphide
Incl 98.0 100.0 2.0 1.08 0.25 0.02 0.21 0.14 0.02 Sulphide
JRC286 168.0 175.0 7.0 0.31 0.06 0.01 0.14 0.10 0.02 Sulphide
JRC286 182.0 191.0 9.0 0.31 0.08 0.01 0.17 0.03 0.01 Sulphide
JRC286 204.0 209.0 5.0 0.40 0.08 0.01 0.14 0.06 0.01 Sulphide
JRC287 74.0 79.0 5.0 0.34 0.19 0.02 0.10 0.18 0.02 Sulphide
JRC287 160.0 229.0 69.0 0.43 0.10 0.02 0.12 0.13 0.01 Sulphide
JRC287 234.0 276.0 42.0 0.52 0.12 <0.01 0.13 0.07 0.01 Sulphide
Incl 265.0 268.0 3.0 1.28 0.32 <0.01 0.19 0.13 0.02 Sulphide
JRC288 81.0 135.0 54.0 0.52 0.12 0.03 0.11 0.09 0.01 Sulphide
JRC288 159.0 167.0 8.0 0.53 0.12 0.02 0.12 <0.01 0.01 Sulphide
JRC288 175.0 258.0 83.0 0.70 0.15 0.03 0.16 0.08 0.01 Sulphide
Incl 176.0 182.0 6.0 1.10 0.23 0.05 0.22 0.13 0.02 Sulphide
and 197.0 213.0 16.0 1.27 0.27 0.07 0.24 0.19 0.02 Sulphide
and 217.0 222.0 5.0 1.47 0.33 0.02 0.18 0.06 0.02 Sulphide
JRC289 105.0 114.0 9.0 0.40 0.19 0.01 0.12 0.08 0.01 Sulphide
JRC289 169.0 175.0 6.0 0.33 0.09 0.05 0.20 0.50 0.03 Sulphide
JRC290 22.0 45.0 23.0 0.44 0.11 0.06 0.11 0.12 0.01 Sulphide
JRC290 51.0 149.0 98.0 0.67 0.15 0.01 0.16 0.11 0.02 Sulphide
Incl 69.0 73.0 4.0 1.04 0.25 0.01 0.18 0.07 0.02 Sulphide
and 85.0 87.0 2.0 1.21 0.28 0.05 0.19 0.16 0.02 Sulphide
and 117.0 119.0 2.0 1.68 0.21 0.01 0.70 0.51 0.07 Sulphide
and 137.0 139.0 2.0 1.85 0.45 0.01 0.29 0.44 0.03 Sulphide

27 Chalice Mining Limited

ASX:CHN OTCQB:CGMLF

Hole ID From To Interval Pd Pt Au Ni Cu Co Geology
(m) (m) (m) (g/t) (g/t) (g/t) (%) (%) (%)
JRC290 161.0 213.0 52.0 0.41 0.10 0.01 0.12 0.07 0.01 Sulphide
JRC290 218.0 242.0 24.0 0.56 0.12 0.01 0.14 0.05 0.02 Sulphide
JRC290 248.0 257.0 9.0 0.45 0.08 0.01 0.10 0.02 0.01 Sulphide
JRC291 180.0 250.0 70.0 0.47 0.12 0.02 0.13 0.12 0.01 Sulphide
JRC292 31.0 46.0 15.0 0.66 0.28 0.02 0.14 0.05 0.02 Oxide
JRC292 46.0 50.0 4.0 0.60 0.13 0.01 0.13 0.06 0.01 Sulphide
JRC292 109.0 222.0 113.0 0.72 0.15 0.03 0.16 0.10 0.02 Sulphide
Incl 125.0 128.0 3.0 1.14 0.22 0.03 0.17 0.08 0.02 Sulphide
and 135.0 138.0 3.0 1.52 0.27 0.03 0.21 0.04 0.02 Sulphide
and 152.0 156.0 4.0 1.03 0.17 0.02 0.18 0.07 0.02 Sulphide
and 159.0 162.0 3.0 1.28 0.22 0.03 0.22 0.26 0.02 Sulphide
and 184.0 191.0 7.0 1.03 0.22 0.03 0.18 0.11 0.02 Sulphide
and 195.0 201.0 6.0 1.01 0.22 0.03 0.20 0.13 0.02 Sulphide
and 208.0 213.0 5.0 1.10 0.22 0.05 0.24 0.17 0.02 Sulphide
JRC292 237.0 251.0 14.0 1.10 0.25 0.02 0.17 0.08 0.02 Sulphide
Incl 244.0 249.0 5.0 2.16 0.45 0.03 0.28 0.13 0.02 Sulphide
JRC294D 251.0 260.0 9.0 0.39 0.08 <0.01 0.13 0.01 0.01 Sulphide
Incl 291.0 296.0 5.0 1.06 0.19 0.01 0.17 0.11 0.02 Sulphide
JRC299 74.0 104.0 30.0 0.86 0.38 0.04 0.13 0.06 0.01 Sulphide
Incl 93.0 103.0 10.0 1.68 0.63 0.07 0.22 0.13 0.02 Sulphide

Table 3. New drill hole survey data and assaying status

Hole ID Type Easting Northing RL Depth Survey Azi Dip Assay status
(m) (m) (m) (m) type (°) (°)
JD057 Core 425527.6 6513016.7 254.9 333.8 GPS-RTK 94.4 -59.9 Reported
JD058 Core 425423.5 6512156.1 239.7 141.2 GPS-RTK 95.1 -59.7 Reported
JD059 Core 425286.3 6512238.2 235.3 178 GPS-RTK 89.7 -61.0 Reported
JD060 Core 425023.0 6512598.4 243.0 384.6 GPS-RTK 87.2 -63.1 Reported
JD061 Core 425082.8 6512420.3 238.4 300.8 GPS-RTK 150.2 -57.9 Reported
JD062 Core 425382.5 6512158.7 237.4 141.2 GPS-RTK 90.9 -59.1 Reported
JD063 Core 425138.1 6512239.4 234.7 294.5 GPS-RTK 88.7 -60.6 Reported
JD064 Core 425079.0 6512424.2 238.2 348.8 GPS-RTK 218.3 -59.7 Reported
JD065 Core 425022.1 6512509.6 238.3 339.6 GPS-RTK 89.4 -76.8 Reported
JD066 Core 425094.4 6512245.0 235.9 288.5 GPS-RTK 90.6 -60.8 Reported
JD067 Core 424976.0 6512393.7 235.4 462.8 GPS-RTK 89.3 -60.0 Reported
JD068 Core 425343.9 6512391.7 238.2 288.8 GPS-RTK 89.0 -59.5 Reported
JD069 Core 425093.8 6512245.0 235.9 348.4 GPS-RTK 91.8 -74.9 Reported
JD070 Core 425030.4 6512647.1 246.1 509.4 GPS-RTK 89.7 -60.0 Reported
JD071 Core 424902.4 6512387.6 237.3 523.4 GPS-RTK 90.1 -59.7 Reported

28 Chalice Mining Limited

ASX:CHN OTCQB:CGMLF

Hole ID Type Easting Northing RL Depth Survey Azi Dip Assay status
(m) (m) (m) (m) type (°) (°)
JD072 Core 425097.5 6512243.8 235.6 508.9 GPS-RTK 273.0 -85.2 Reported
JD073 Core 425240.5 6512286.0 235.3 249.6 GPS-RTK 88.9 -59.8 Reported
JD074 Core 425548.7 6513077.9 253.8 265.5 GPS-RTK 93.1 -60.1 Reported
JD075 Core 425194.8 6512283.4 234.9 234.6 GPS-RTK 89.1 -59.8 Reported
JD076 Core 424860.4 6512651.6 252.0 645.8 GPS-RTK 90.6 -60.9 Reported
JD077 Core 425559.9 6513161.3 249.8 234.8 GPS-RTK 90.3 -57.0 Reported
JD078 Core 425154.4 6512284.4 235.8 285.5 GPS-RTK 88.4 -60.0 Reported
JD079 Core 425585.8 6513237.8 247.0 303.9 GPS-RTK 90.3 -59.9 Reported
JD080 Core 425314.3 6512153.1 234.7 174.3 GPS-RTK 90.1 -49.1 Reported
JD081 Core 424777.8 6512390.4 237.7 641.7 GPS-RTK 89.7 -59.7 Reported
JD082 Core 425598.0 6513435.1 246.0 264.8 GPS-RTK 90.2 -57.9 Reported
JD083 Core 424898.3 6512652.5 251.7 662.9 GPS-RTK 91.1 -60.4 Reported
JD084 Core 425289.3 6512147.1 233.5 201.5 GPS-RTK 94.9 -59.1 Reported
JD085 Core 425341.0 6512744.6 252.3 453.7 GPS-RTK 89.1 -59.9 Reported
JD086 Core 425254.5 6512146.6 231.9 192.3 GPS-RTK 92.7 -59.2 Reported
JD087 Core 425018.5 6512278.6 235.4 351.5 GPS-RTK 90.8 -60.1 Reported
JD088 Core 425252.6 6512146.7 231.9 222.6 GPS-RTK 89.3 -80.0 Reported
JRC218D RC- 425216.1 6512649.0 246.7 414.8 GPS-RTK 88.3 -61.8 Reported
Core
JRC232 RC 425022.2 6512558.8 240.8 357 GPS-RTK 91.0 -59.3 Reported
JRC233 RC 425418.7 6512745.8 255.2 300.0 GPS-RTK 90.7 -59.2 Previously
Reported
JRC234 RC 425421.7 6512823.0 260.0 342.0 GPS-RTK 90.1 -60.7 Previously
Reported
JRC235 RC 425378.6 6512745.4 253.6 252.0 GPS-RTK 90.3 -60.0 Previously
Reported
JRC236 RC 425297.4 6512745.1 251.5 251.0 GPS-RTK 90.4 -59.8 Previously
Reported
JRC237D RC- 425340.7 6512821.6 256.7 427 GPS-RTK 90.3 -59.5 RC reported
Core only
JRC238 RC 425473.1 6512861.7 258.4 348.0 GPS-RTK 90.2 -60.8 Previously
Reported
JRC239 RC 425258.9 6512744.9 252.0 252 GPS-RTK 85.3 -59.9 Reported
JRC240 RC 425435.5 6512863.5 260.8 369 GPS-RTK 91.6 -58.7 Reported
JRC241 RC 425214.3 6512742.7 253.2 252.0 GPS-RTK 83.0 -60.1 Previously
Reported
JRC242 RC 425307.4 6512820.4 256.6 270.0 GPS-RTK 89.1 -60.3 Previously
Reported
JRC243 RC 425255.3 6512816.0 258.9 252.0 GPS-RTK 91.4 -59.7 Previously
Reported
JRC244 RC 425173.3 6512742.2 253.1 192.0 GPS-RTK 80.9 -61.7 Previously
Reported

29 Chalice Mining Limited

ASX:CHN OTCQB:CGMLF

Hole ID Type Easting Northing RL Depth Survey Azi Dip Assay status
(m) (m) (m) (m) type (°) (°)
JRC245 RC 425357.4 6512865.7 260.3 139.0 GPS-RTK 90.6 -58.2 Previously
Reported
JRC246 RC 425133.3 6512742.3 252.7 252.0 GPS-RTK 89.8 -60.4 Previously
Reported
JRC247 RC 425216.2 6512825.3 261.1 250.0 GPS-RTK 87.9 -60.9 Previously
Reported
JRC248 RC 425062.0 6512744.0 254.4 250.0 GPS-RTK 88.6 -61.0 Previously
Reported
JRC249 RC 425181.1 6512826.6 261.4 192.0 GPS-RTK 90.8 -60.9 Previously
Reported
JRC250 RC 424974.7 6512747.1 256.2 284 GPS-RTK 94.4 -60.4 Reported
JRC251 RC 425150.4 6512830.5 261.7 258 GPS-RTK 89.3 -60.3 Reported
JRC252D RC- 425399.5 6512821.2 259.6 282.1 GPS-RTK 90.5 -64.7 Reported
Core
JRC252DW1 Core 425399.5 6512821.1 259.6 399.7 GPS-RTK 90.5 -64.7 Reported
JRC253 RC 425077.2 6512821.7 261.1 258.0 GPS-RTK 87.2 -55.1 Previously
Reported
JRC254 RC 425061.0 6512821.4 260.6 159.0 GPS-RTK 89.4 -60.5 Previously
Reported
JRC255 RC 425539.2 6512741.3 251.8 225.0 GPS-RTK 91.7 -61.0 Previously
Reported
JRC256 RC 425006.0 6512820.9 260.3 300.0 GPS-RTK 93.0 -59.3 Previously
Reported
JRC257 RC 425126.6 6513592.8 260.5 213.0 GPS-RTK 91.1 -60.3 Previously
Reported
JRC258 RC 424911.9 6512821.9 259.7 291 GPS-RTK 89.2 -62.3 Reported
JRC259 RC 425420.2 6513073.3 258.4 267 GPS-RTK 94.6 -59.9 Reported
JRC260 RC 425575.2 6512388.5 244.0 249 GPS-RTK 89.8 -60.0 Reported
JRC261D RC- 424980.0 6512822.6 260.3 657.9 GPS-RTK 90.1 -60.4 Reported
Core
JRC262 RC 425389.0 6513070.0 259.6 280 GPS-RTK 91.7 -60.1 Reported
JRC263 RC 425297.7 6513076.4 261.1 303 GPS-RTK 92.7 -60.0 Reported
JRC264 RC 424941.3 6512822.4 260.2 306 GPS-RTK 89.1 -60.5 Reported
JRC265 RC 425607.2 6513379.8 246.0 249 GPS-RTK 89.6 -62.5 Reported
JRC266 RC 425526.2 6513158.2 250.9 173 GPS-RTK 88.9 -60.7 Reported
JRC267 RC 425569.6 6513378.4 246.5 125 GPS-RTK 89.0 -62.2 Reported
JRC268 RC 424806.9 6512772.1 255.4 300 GPS-RTK 88.9 -62.7 Reported
JRC269 RC 425369.7 6512998.5 261.7 268 GPS-RTK 88.8 -60.1 Reported
JRC270 RC 425529.7 6513376.3 247.0 326 GPS-RTK 91.3 -62.6 Reported
JRC271 RC 424761.0 6512828.4 256.7 228 GPS-RTK 86.7 -59.5 Reported
JRC272 RC 425327.2 6512997.5 262.6 315 GPS-RTK 90.4 -60.3 Reported
JRC273 RC 425563.8 6513433.9 246.5 163 GPS-RTK 91.8 -60.7 Reported
JRC274 RC 424982.7 6512652.6 248.5 258 GPS-RTK 90.0 -60.3 Reported

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Hole ID Type Easting Northing RL Depth Survey Azi Dip Assay status
(m) (m) (m) (m) type (°) (°)
JRC275 RC 425286.6 6512998.5 263.0 300 GPS-RTK 88.0 -59.6 Reported
JRC276 RC 425441.5 6513438.3 249.0 342 GPS-RTK 89.4 -60.1 Reported
JRC277 RC 425156.8 6512867.4 263.7 270 GPS-RTK 90.7 -61.0 Reported
JRC278 RC 425247.6 6512998.8 263.5 300 GPS-RTK 90.1 -60.6 Reported
JRC279 RC 425206.5 6512996.2 264.3 300 GPS-RTK 90.8 -60.2 Reported
JRC280 RC 425118.6 6512865.7 263.6 272 GPS-RTK 87.0 -60.4 Reported
JRC281 RC 425059.1 6513075.6 266.1 297 GPS-RTK 91.0 -59.9 Reported
JRC282 RC 425078.3 6512864.4 263.0 270 GPS-RTK 79.5 -60.4 Reported
JRC283 RC 425366.9 6513444.2 251.9 382 GPS-RTK 90.9 -60.5 Reported
JRC284 RC 425205.0 6513156.4 261.2 177 GPS-RTK 89.6 -59.4 Reported
JRC285 RC 424919.6 6512866.9 261.9 270 GPS-RTK 90.5 -60.7 Reported
JRC286 RC 425526.3 6513438.6 247.4 294 GPS-RTK 86.7 -60.8 Reported
JRC287 RC 425166.6 6513155.6 262.0 291 GPS-RTK 91.2 -61.0 Reported
JRC288 RC 425000.9 6512865.2 262.5 276 GPS-RTK 87.6 -60.1 Reported
JRC289 RC 425124.1 6513157.0 263.3 183 GPS-RTK 93.4 -59.6 Reported
JRC290 RC 425487.4 6513379.3 247.5 297 GPS-RTK 90.8 -60.1 Reported
JRC291 RC 425097.3 6513162.8 264.2 250 GPS-RTK 93.5 -60.0 Reported
JRC292 RC 424957.1 6512864.7 262.2 252 GPS-RTK 88.7 -59.8 Reported
JRC293 Pending
JRC294D RC- 425345.9 6513236.4 257.3 445 GPS-RTK 89.1 -60.6 RC reported
Core only
JRC295 RC 425043.5 6513161.0 265.8 249 GPS-RTK 90.8 -60.4 Reported - NSA
JRC296 RC 425306.0 6513235.4 258.7 252 GPS-RTK 91.1 -60.6 Reported - NSA
JRC297 Pending
JRC298 Pending
JRC299 RC 424970.0 6513160.0 266.3 260 GPS 86.2 -60.4 Reported
JRC300 RC 425270.0 6513240.0 259.5 252 GPS 89.8 -60.4 Reported - NSA

NSA = No significant assay

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Appendix B JORC Table 1

B-1 Section 1 Sampling Techniques and Data

Criteria JORC Code explanation JORC Code explanation Commentary Commentary
Sampling • Nature and quality of sampling (eg. cut • Diamond drill core samples were taken
techniques channels, random chips, or specific over selective intervals ranging from
specialised industry standard 0.2m to 1.2m (typically 1.0m).
measurement tools appropriate to the Qualitative care taken when sampling
minerals under investigation, such as diamond drill core to sample the same
down hole gamma sondes, or handheld half of the drill core.
XRF instruments, etc). These examples
should not be taken as limiting the broad
meaning of sampling.		 • Reverse Circulation (RC) drilling
samples were collected as 1m samples.
Two 1m assay samples were collected
• Include reference to measures taken to as a split from the rig cyclone using a
ensure sample representivity and the cone splitter and are typically 3kg in
appropriate calibration of any weight.
measurement tools or systems used.
• Aspects of the determination of
mineralisation that are Material to the
Public Report.
• In cases where ‘industry standard’ work
has been done this would be relatively
simple (eg. ‘reverse circulation drilling was
used to obtain 1 m samples from which 3
kg was pulverised to produce a 30 g
charge for fire assay’). In other cases more
explanation may be required, such as
where there is coarse gold that has
inherent sampling problems. Unusual
commodities or mineralisation types (eg.
submarine nodules) may warrant
disclosure of detailed information.
Drilling • Drill type (eg. core, reverse circulation, • Drilling has been undertaken by
techniques open-hole hammer, rotary air blast, auger, diamond and Reverse Circulation (RC)
Bangka, sonic, etc) and details (eg. core techniques.
diameter, triple or standard tube, depth of
diamond tails, face-sampling bit or other
type, whether core is oriented and if so, by
what method, etc).		 • Diamond drill core is predominantly HQ
size (63.5mm diameter). Limited NQ
(47.6mm diameter) drilling has also
been completed. Triple tube has been
used from surface until competent
bedrock and then standard tube
thereafter.
• Core orientation is by an ACT Reflex
(ACT II RD) tool
• RC Drilling uses a face-sampling
hammer drill bit with a diameter of 5.5
inches (140mm).
Drill sample • Method of recording and assessing core • Individual recoveries of diamond drill
recovery and chip sample recoveries and results core samples were recorded on a
assessed. qualitative basis. Generally sample
• Measures taken to maximise sample
recovery and ensure representative nature		 weights are comparable, and any bias
is considered negligible.
of the samples. • Individual recoveries for RC composite
• Whether a relationship exists between
sample recovery and grade and whether
sample bias may have occurred due to		 samples were recorded on a
qualitative basis. Sample weights were
slightly lower through transported cover
whereas drillingthroughbedrock

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Criteria JORC Code explanation JORC Code explanation Commentary Commentary
preferential loss/gain of fine/coarse yielded samples with more consistent
material. weights.
• No relationships have been evident
between diamond core or RC sample
grade and recoveries.
Logging • Whether core and chip samples have • All drill holes were logged geologically
been geologically and geotechnically including, but not limited to;
logged to a level of detail to support weathering, regolith, lithology,
appropriate Mineral Resource estimation, structure, texture, alteration and
mining studies and metallurgical studies. mineralisation. Logging was at an
• Whether logging is qualitative or
quantitative in nature. Core (or costean,		 appropriate quantitative standard for
infill drilling and resource estimation.
channel, etc) photography. • Logging is considered qualitative in
• The total length and percentage of the nature.
relevant intersections logged. • All holes were geologically logged in
full.
• Diamond drill core is photographed
wet before cutting.
Sub-sampling • If core, whether cut or sawn and whether • Diamond core was sawn in half and
techniques quarter, half or all core taken. one-half quartered and sampled over
and sample
preparation		 • If non-core, whether riffled, tube sampled,
rotary split, etc and whether sampled wet		 • 0.2-1.2m intervals (mostly 1m).
Diamond drill core field duplicates
or dry. collected as ¼ core.
• For all sample types, the nature, quality • RC assay samples were collected as
and appropriateness of the sample two 1m splits from the rig cyclone via a
preparation technique. cone splitter. The cone splitter was
•
•		 Quality control procedures adopted for all
sub-sampling stages to maximise
representivity of samples.
Measures taken to ensure that the		 horizontal to ensure sample
representivity. Wet or damp samples
were noted in the sample logging
sheet. A majority of samples were dry.
sampling is representative of the in-situ
material collected, including for instance
results for field duplicate/second-half
sampling.		 • Sample preparation is industry standard
and comprises oven drying, jaw
crushing and pulverising to -75 microns
(80% pass).
• Whether sample sizes are appropriate to
the grain size of the material being
sampled.		 • Field duplicates were collected from
selected sulphide zones as a second
1m split directly from the cone splitter.
• Drill sample sizes are considered
appropriate for the style of
mineralisation sought and the nature of
the drilling program.
Quality of • The nature, quality and appropriateness of • Diamond drill core and RC samples
assay data the assaying and laboratory procedures underwent sample preparation and
and used and whether the technique is geochemical analysis by ALS Perth. Au-
laboratory considered partial or total. Pt-Pd was analysed by 50g fire assay
tests • For geophysical tools, spectrometers,
handheld XRF instruments, etc, the		 fusion with an ICP-AES finish (ALS
Method code PGM-ICP24). A 48-
• parameters used in determining the
analysis including instrument make and
model, reading times, calibrations factors
applied and their derivation, etc.
Nature of quality control procedures
adopted (eg. standards, blanks,
duplicates, external laboratory checks)
and whether acceptable levels of
accuracy (ie. lack of bias) and precision
have been established.		 element suite was analysed by ICP-MS
following a four-acid digest (ALS
method code ME-MS61) for holes up to
and including JD023 and JRC122. Later
holes were analysed using four-acid
digest for 34 elements (ALS method
code ME-ICP61) including Ag, Al, As,
Ba, Be, Bi, Ca, Cd, Co, Cr, Cu, Fe, Ga,
K, La, Mg, Mn, Mo, Na, Ni, P, Pb, S, Sb,
Sc, Sr, Th, Ti, Tl, U, V, W, Zn, Zr. Additional
ore-grade analysiswas performed as

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Criteria JORC Code explanation JORC Code explanation Commentary Commentary
required for elements reporting out of
range for Ni, Cr, Cu (ALS method code
ME-OG-62) and Pd, Pt (ALS method
code PGM-ICP27).
• Certified analytical standards and
blanks were inserted at appropriate
intervals for diamond, RC drill samples
and auger soil samples. Approximately
5% of significant intercepts were sent for
cross laboratory checks. All QAQC
samples display results within
acceptable levels of accuracy
• Approximately 5% of samples submitted
for analysis comprised QAQC control
samples.
Verification of • The verification of significant intersections • Significant drill intersections are
sampling and by either independent or alternative checked by the Project Geologist and
assaying company personnel. then by the General Manager
• The use of twinned holes. Development. Significant intersections
•
•		 Documentation of primary data, data
entry procedures, data verification, data
storage (physical and electronic)
protocols.
Discuss any adjustment to assay data.		 • are cross-checked with the logged
geology and drill core after final assays
are received.
Three RC holes have been twinned with
a diamond hole to provide a
comparison between grade/thickness
variations over a 5m separation
between drill holes.
• Primary drill data was collected digitally
using OCRIS software before being
transferred to the master SQL
database.
• No adjustments were made to the
assay data
Location of • Accuracy and quality of surveys used to • Diamond and RC drill hole collar
data points locate drill holes (collar and down-hole locations are initially recorded by
surveys), trenches, mine workings and Chalice employees using a handheld
other locations used in Mineral Resource GPS with a +/- 3m margin of error.
estimation. • RTK-DGPS collar pick-ups replace
• Specification of the grid system used. handheld GPS collar pick-ups and have
• Quality and adequacy of topographic +/-20 mm margin of error.
control. • The grid system used for the location of
all drill holes is GDA94 - MGA (Zone 50).
• RLs for reported holes were derived
from RTK-DGPS pick-ups.
Data spacing • Data spacing for reporting of Exploration • Drill hole spacing varies from between
and Results. 40m x 40 m in the south to 160m x 80m
distribution • Whether the data spacing and distribution in the north.
is sufficient to establish the degree of • Results from the drilling to date are not
geological and grade continuity considered sufficient to assume any
appropriate for the Mineral Resource and geological or grade continuity
Ore Reserve estimation procedure(s) and appropriate for Mineral Resource
classifications applied. estimation procedure(s) and
• Whether sample compositing has been classifications.
applied. • No compositing undertaken for
diamond drill core or RC samples.
Orientation of • Whether the orientation of sampling • RC and Diamond drill holes were
data in achieves unbiased sampling ofpossible typically orientedwithin 15°of

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Criteria JORC Code explanation JORC Code explanation Commentary Commentary
relation to structures and the extent to which this is orthogonal to the interpreted dip and
geological known, considering the deposit type. strike of the known zone of
structure • If the relationship between the drilling
orientation and the orientation of key
mineralised structures is considered to		 mineralisation. However, several holes
were drilled at less optimal azimuths
due to site access constraints or to test
have introduced a sampling bias, this
should be assessed and reported if
material.		 for alternative mineralisation
orientations. Only holes JD064 and
JD072 in this release were not drilled
within 15° of orthogonal to the
interpreted dip and strike of the known
zone of mineralisation
• The orientation of the drilling is not
considered to have introduced
sampling bias
Sample • The measures taken to ensure sample • Samples are collected in polyweave
security security. bags and delivered directly from site to
ALS laboratories in Wangara, Perth by a
Chalice contractor
Audits or • The results of any audits or reviews of • No review has been carried out to
reviews sampling techniques and data. date.
B-2 Section 2 Reporting of Exploration Results
Criteria JORC Code explanation Commentary
Mineral • Type, reference name/number, location • Exploration activities are ongoing over
tenement and and ownership including agreements or E70/5118 and 5119 and the tenements
land tenure material issues with third parties such as are in good standing. The holder CGM
status joint ventures, partnerships, overriding (WA) Pty Ltd is a wholly owned
royalties, native title interests, historical subsidiary of Chalice Mining Limited
sites, wilderness or national park and with no known encumbrances
environmental settings. • Current drilling is on private land
• The security of the tenure held at the
time of reporting along with any known
impediments to obtaining a licence to
operate in the area.		 • E70/5119 partially overlaps ML1SA, a
State Agreement covering Bauxite
mineral rights only
Exploration
•		 Acknowledgment and appraisal of • Limited exploration has been
done by other exploration by other parties. completed by other exploration parties
parties in the vicinity of the targets identified by
Chalice to date.
• Chalice has compiled historical records
dating back to the early 1960’s which
indicate only three genuine explorers in
the area, all primarily targeting Fe-Ti-V
mineralisation.
• Over 1971-1972, Garrick Agnew Pty Ltd
undertook reconnaissance surface
sampling over prominent
aeromagnetic anomalies in a search
for ‘Coates deposit style’ vanadium
mineralisation. Surface sampling
methodology is not described in detail,
nor were analytical methods specified,
with samples analysed for V2O5, Ni, Cu,
Cr, Pb and Zn, results of which are
referred to in this announcement.
• Three diamond holes were completed
byBestbet PtyLtd targetingFe-Ti-V

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Criteria JORC Code explanation JORC Code explanation Commentary Commentary
situated approximately 3km NE of
JRC001. No elevated Ni-Cu-PGE assays
were reported.
• Bestbet Pty Ltd undertook 27 stream
sediment samples within E70/5119.
Elevated levels of palladium were
noted in the coarse fraction (-
5mm+2mm) are reported in this release.
Finer fraction samples did not replicate
the coarse fraction results.
• A local AMAG survey was flown in 1996
by Alcoa using 200m line spacing which
has been used by Chalice for targeting
purposes.
Geology • Deposit type, geological setting and • The target deposit type is a magmatic
style of mineralisation. Ni-Cu-PGE sulphide deposit, within the
Yilgarn Craton. The style of sulphide
mineralisation intersected consists of
massive, matrix, stringer and
disseminated sulphides typical of
metamorphosed and structurally
overprinted magmatic Ni sulphide
deposits.
Drill hole • A summary of all information material to • Provided in body of text
Information the understanding of the exploration
results including a tabulation of the
following information for all Material drill
holes:
• easting and northing of the drill hole
collar
• elevation or RL (Reduced Level –
elevation above sea level in metres) of
the drill hole collar
• dip and azimuth of the hole
• down hole length and interception
depth
• hole length.
• If the exclusion of this information is • No material information has been
justified on the basis that the information excluded.
is not Material and this exclusion does
not detract from the understanding of
the report, the Competent Person should
clearly explain why this is the case.
Data • In reporting Exploration Results, • Significant intercepts are reported using
aggregation weighting averaging techniques, a >0.3g/t Pd length-weighted cut off. A
methods maximum and/or minimum grade maximum of 4m internal dilution has
truncations (eg. cutting of high grades) been applied.
and cut-off grades are usually Material
and should be stated.		 • Higher grade intervals are reported
using a >1.0g/t Pd and >1.0g/t Pd &
• Where aggregate intercepts incorporate >0.5% Ni+Cu length-weighted cut off. A
short lengths of high-grade results and maximum of 2m internal dilution has
longer lengths of low grade results, the been applied.
procedure used for such aggregation
should be stated and some typical
examples of such aggregations should
be shown in detail.		 • Metal equivalent values are not
reported.

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Criteria JORC Code explanation JORC Code explanation Commentary Commentary
• The assumptions used for any reporting
of metal equivalent values should be
clearly stated.
Relationship • These relationships are particularly • All widths are quoted down-hole.
between important in the reporting of Exploration • All drill holes were orientated to be as
mineralisation
widths and
intercept
lengths		 • Results.
If the geometry of the mineralisation with
respect to the drill hole angle is known,
its nature should be reported.		 close as possible to orthogonal to the
interpreted strike and/or dip of the
mineralised zone(s) and/or targets.
Within this release holes JD064 and
• If it is not known and only the down hole
lengths are reported, there should be a
clear statement to this effect (eg. ‘down
hole length, true width not known’).		 JD072 were drilled to test for potential
different mineralisation orientations and
hence weren’t drilled orthogonal to the
interpreted strike and/or dip of the
mineralised zone(s).
Diagrams • Appropriate maps and sections (with • Refer to figures in the body of text.
scales) and tabulations of intercepts
should be included for any significant
discovery being reported These should
include, but not be limited to a plan
view of drill hole collar locations and
appropriate sectional views.
Balanced • Where comprehensive reporting of all • All holes including those without
reporting Exploration Results is not practicable, significant intercepts have been
representative reporting of both low and reported.
high grades and/or widths should be
practiced to avoid misleading reporting
of Exploration Results.
Other • Other exploration data, if meaningful • Not applicable
substantive and material, should be reported
exploration including (but not limited to): geological
data observations; geophysical survey results;
geochemical survey results; bulk samples
– size and method of treatment;
metallurgical test results; bulk density,
groundwater, geotechnical and rock
characteristics; potential deleterious or
contaminating substances.
Further work • The nature and scale of planned further • Diamond and RC drilling will continue
work (eg. tests for lateral extensions or to test high-priority targets including EM
depth extensions or large-scale step-out conductors. Further drilling along strike
drilling). and down dip may occur at these and
• Diagrams clearly highlighting the areas other targets depending on results.
of possible extensions, including the • Down-hole EM surveying will be carried
main geological interpretations and out on selective drill holes to test for off-
future drilling areas, provided this hole conductors. Subsequent holes will
information is not commercially sensitive. undergo down-hole EM if required.
• Any potential extensions to
mineralisation are shown in the figures
in the body of the text.

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