CHALICE MINING LIMITED — Capital/Financing Update 2021

Jul 1, 2021

ASX Announcement

2 July 2021

Resource drilling continues to define continuous high-grade zones at Julimar

Infill drilling confirms the quality of the Gonneville PGE-Ni-Cu-Co-Au deposit

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Highlights
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Drilling results

• « Further 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, with seven rigs currently on site.

• « Infill drilling across multiple high-grade zones continues to support the geological model and continuity of mineralisation, with significant results including:

• « 25m @ 3.0g/t Pd, 1.4g/t Pt , 0.2g/t Au, 0.3% Ni, 0.3% Cu, 0.03% Co from 0m (JRC222) – oxide

• « 14m @ 4.2g/t Pd, 1.1g/t Pt , 0.2g/t Au, 0.5% Ni, 0.8% Cu , 0.03% Co from 85m (JRC228) – G11

• « 23m @ 1.9g/t Pd, 0.5g/t Pt , 0.2% Ni, 0.3% Cu, 0.06% Co from 4m (JRC217) – oxide

• « 19m @ 2.2g/t Pd, 0.6g/t Pt , 0.1g/t Au, 0.1% Ni, 0.2% Cu, 0.14% Co from 10m (JRC225) – oxide

• « 7.1m @ 7.7g/t Pd, 1.4g/t Pt , 0.4g/t Au, 0.2% Ni, 0.1% Cu from 66.9m (JD045) – G11

• « 14m @ 1.6g/t Pd , 0.3g/t Pt, 0.5% Ni , 0.3% Cu, 0.06% Co from 214m (JRC216) – G2

• « 4m @ 11.7g/t Pd, 2.7g/t Pt , 0.2g/t Au, 0.5% Ni , 0.2% Cu, 0.04% Co from 36m (JD046) – G11

• « 5m @ 4.6g/t Pd , 0.8g/t Pt, 0.3g/t Au, 0.6% Ni, 2.2% Cu, 0.05% Co from 165m (JRC235) – G11

• « 11m @ 2.6g/t Pd , 0.4g/t Pt, 0.5% Ni , 0.3% Cu, 0.03% Co from 82m (JRC217) – G2

• « 12m @ 1.8g/t Pd , 0.2g/t Pt, 0.4g/t Au, 0.2% Ni, 0.9% Cu , 0.02% Co from 95m (JD055) – G6

• « 3m @ 3.4g/t Pd, 1.9g/t Pt , 0.1g/t Au, 1.0% Ni, 4.9% Cu, 0.12% Co from 58m (JRC206) – G2

• « 10m @ 2.0g/t Pd , 0.5g/t Pt, 0.7g/t Au , 0.1% Ni, 1.1% Cu , 0.01% Co from 206m (JRC229D)

• « Step-out drilling has extended the high-grade G3, G5 and G10 zones along strike, with significant results including:

• « 7m @ 3.8g/t Pd, 0.8g/t Pt, 0.8% Ni , 0.1% Cu, 0.08% Co from 189m (JRC248) – G5

• « 5m @ 2.4g/t Pd , 0.9g/t Pt, 1.2% Ni , 0.3% Cu, 0.08% Co from 44m (JRC244) – G3

• « 15m @ 1.5g/t Pd , 0.4g/t Pt, 0.3% Ni, 0.1% Cu, 0.03% Co from 198m (JRC243) – G10

• « Assay results are pending for a further 137 completed drill holes.

Forward plan

• « In addition to the ongoing infill drilling, initial wide-spaced RC drilling targeting the extension of the high-grade G4 and G11 zones to the north-east is continuing.

• « Drilling at the ~6.5km long Hartog Target is anticipated to commence in late Q3 2021, subject to access approval.

• « Comprehensive work program approved for Julimar in FY22, encompassing exploration, resource definition, environmental baselining and studies.

Registered Office ABN 47 116 648 956

Level 2, 1292 Hay Street West Perth, Western Australia GPO Box 2890, Perth WA 6001

info@chalicemining.com @chalicemining www.chalicemining.com chalice-mining

T: +61 8 9322 3960 F: +61 8 9322 5800

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.

Seven rigs (three reverse circulation (“RC”) and four diamond) are continuing the ~160,000m stepout and resource definition drill program at the ~1.8km x >0.9km Gonneville Intrusion with over 120,000m of drilling completed to date and a significant number of assay results pending.

Results have now been received for drilling targeting:

• « Infill of the high-grade G4, G11 (footwall contact zones), G6 and G7 zones on a nominal 40m x 40m spaced grid;

• « The northern and down-dip extensions to the G1-G10 zones; and

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

A total of 118 diamond drill holes and 324 RC drill holes (including RC pre-collars with diamond tails) have been completed to date at the project (~120,000m), of which assay results have now been reported for 56 diamond and 249 RC holes. Assay results remain pending for a further 137 completed drill holes with lab turnaround times currently averaging approximately nine weeks.

Within the 75 new drill holes reported in this announcement, there were:

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

• « 215 high-grade PGE intervals (>2m width and >1g/t Pd cut-off grade), including:

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

Chalice has submitted a second Conservation Management Plan (CMP) that outlines the Company’s proposed approach to initial drill testing at the Hartog and Baudin Targets, which lie within the Julimar State Forest. Small, track-mounted diamond rigs have been proposed, which do not require mechanised vegetation clearance and minimise disturbance to flora and fauna.

Chalice Managing Director, Alex Dorsch, said: “Resource drilling at Gonneville continues at a rapid pace, with predominantly infill drilling continuing to confirm a robust, major PGE-Ni-Cu-Co-Au deposit. These latest results confirm continuous zones of high-grade sulphide mineralisation, as well as a large oxide / disseminated sulphide footprint.”

“We continue to see impressive zones of shallow Pd-Cu-Au mineralisation along the eastern footwall contact of the intrusion, with these zones remaining open to the north-east. Step-out drilling is continuing to test the extent of the Gonneville Intrusion in this direction. Our understanding of the geology and metallogenesis of the deposit continues to improve as we gather more data.

“Concurrently with the 7-rig resource drill-out, we are also progressing a comprehensive metallurgical testwork program on both the sulphide and oxide mineralisation at Gonneville. The core Chalice study team has now been assembled and several other preliminary studies are underway to guide the scoping and feasibility stages of the project.

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

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Figure 1. Gonneville Intrusion Plan View – key new drill results and high-grade G1-G11 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

Infill drilling results

Infill drilling on a 40m x 40m grid targeted high-grade zones at the southern end of the ~1.8km x 0.9km Gonneville Intrusion. Drilling continues to confirm the geological interpretation of multiple stacked high-grade mineralised zones (>1g/t Pd cut-off), oriented in a north-north-east strike and with a moderate west-north-west dip.

Infill drilling on the Gonneville eastern footwall contact continues to confirm continuous zones of highgrade mineralisation (Figure 3). Significant new results include:

• « 14m @ 4.2g/t Pd, 1.1g/t Pt, 0.2g/t Au, 0.5% Ni, 0.8% Cu, 0.03% Co from 85m (JRC228) – G11

• « 7.1m @ 7.7g/t Pd, 1.4g/t Pt, 0.4g/t Au, 0.2% Ni, 0.1% Cu from 66.9m (JD045) – G11

• « 4m @ 11.7g/t Pd, 2.7g/t Pt, 0.2g/t Au, 0.5% Ni, 0.2% Cu, 0.04% Co from 36m (JD046) – G11

• « 5m @ 4.6g/t Pd, 0.8g/t Pt, 0.3g/t Au, 0.6% Ni, 2.2% Cu, 0.05% Co from 165m (JRC235) – G11

• « 10m @ 2.0g/t Pd, 0.5g/t Pt, 0.7g/t Au, 0.1% Ni, 1.1% Cu, 0.01% Co from 206m (JRC229D) – G11

• « 8m @ 4.6g/t Pd, 0.7g/t Pt, 0.2g/t Au, 0.4% Ni, 0.1% Cu, 0.04% Co from 195m (JRC229D) – G11

• « 14m @ 2g/t Pd, 0.4g/t Pt, 0.1g/t Au, 0.2% Ni, 0.2% Cu, 0.02% Co from 197m (JD051)

• « 12m @ 2.5g/t Pd, 0.6g/t Pt, 0.3g/t Au, 0.2% Ni, 0.2% Cu, 0.02% Co from 294m (JRC229D) – G4

• « 15m @ 1.2g/t Pd, 0.2g/t Pt, 0g/t Au, 0.3% Ni, 0.1% Cu, 0.02% Co from 80m (JRC235) – G10

• « 4m @ 9.1g/t Pd, 0.2g/t Pt, 0.1g/t Au, 0.1% Ni, 0% Cu, 0.01% Co from 103m (JRC228) – G11

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Figure 3. Gonneville Intrusion Cross Section – 6,512,820mN +/- 10m.

Post-mineralisation dolerite dykes are prevalent in the vicinity of the G4 and G11 zones and their orientation and distribution continues to be refined.

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Infill drilling on the high-grade G2 and G6 zones continues to confirm continuous zones of high-grade mineralisation. Significant new results include:

• « 6.4m @ 2g/t Pd, 0.4g/t Pt, 0.1g/t Au, 0.4% Ni, 0.5% Cu, 0.03% Co from 75m (JD052) – G2

• « 14m @ 1.6g/t Pd, 0.3g/t Pt, 0.5% Ni, 0.3% Cu, 0.06% Co from 214m (JRC216) – G2

• « 11m @ 2.6g/t Pd, 0.4g/t Pt, 0.5% Ni, 0.3% Cu, 0.03% Co from 82m (JRC217) – G2

• « 12m @ 1.8g/t Pd, 0.2g/t Pt, 0.4g/t Au, 0.2% Ni, 0.9% Cu, 0.02% Co from 95m (JD055) – G6

• « 3m @ 3.4g/t Pd, 1.9g/t Pt, 0.1g/t Au, 1.0% Ni, 4.9% Cu, 0.12% Co from 58m (JRC206) – G2

Infill drilling also continues to confirm widespread high-grade PGE +/- Au mineralisation in the oxide profile, with significant results including:

• « 25m @ 3.0g/t Pd, 1.4g/t Pt, 0.2g/t Au, 0.3% Ni, 0.3% Cu, 0.03% Co from 0m (JRC222)

• « 23m @ 1.9g/t Pd, 0.5g/t Pt, 0.2% Ni, 0.3% Cu, 0.06% Co from 4m (JRC217)

• « 19m @ 2.2g/t Pd, 0.6g/t Pt, 0.1g/t Au, 0.1% Ni, 0.2% Cu, 0.14% Co from 10m (JRC225)

• « 20m @ 2.1g/t Pd, 0.3g/t Pt, 0.1g/t Au, 0.2% Ni, 0.2% Cu, 0.09% Co from 5m (JRC220)

• « 19m @ 1.9g/t Pd, 0.6g/t Pt, 0.2% Ni, 0.3% Cu, 0.09% Co from 6m (JRC205)

• « 16.8m @ 1.9g/t Pd, 0.7g/t Pt, 0.2% Ni, 0.2% Cu, 0.14% Co from 11m (JD056)

• « 15m @ 2.9g/t Pd, 0.7g/t Pt, 0.1g/t Au, 0.2% Ni, 0.3% Cu, 0.05% Co from 1m (JRC207)

• « 16m @ 2.4g/t Pd, 0.4g/t Pt, 0.1g/t Au, 0.2% Ni, 0.3% Cu, 0.06% Co from 5m (JRC204)

• « 14m @ 2.4g/t Pd, 0.9g/t Pt, 0.2% Ni, 0.2% Cu, 0.12% Co from 6m (JRC215)

• « 17m @ 1.7g/t Pd, 0.5g/t Pt, 0.2% Ni, 0.2% Cu, 0.1% Co from 8m (JRC211)

• « 13m @ 3.8g/t Pd, 0.9g/t Pt, 0.1% Ni, 0.1% Cu, 0.03% Co from 9m (JRC227)

• « 9m @ 3.0g/t Pd, 0.9g/t Pt, 0.2% Ni, 0.2% Cu, 0.31% Co from 13m (JRC221)

• « 15m @ 2.2g/t Pd, 0.6g/t Pt, 0.1g/t Au, 0.2% Ni, 0.2% Cu, 0.07% Co from 6m (JRC223)

• « 15m @ 2.1g/t Pd, 0.6g/t Pt, 0.2g/t Au, 0.1% Ni, 0.2% Cu, 0.08% Co from 8m (JRC224)

• « 12m @ 2.0g/t Pd, 0.6g/t Pt, 0.2% Ni, 0.2% Cu, 0.14% Co from 7m (JRC216)

• « 15m @ 1.7g/t Pd, 0.4g/t Pt, 0.1g/t Au, 0.3% Ni, 0.2% Cu, 0.06% Co from 9m (JD044)

• « 13m @ 2.4g/t Pd, 0.3g/t Pt, 0.2% Ni, 0.2% Cu, 0.08% Co from 9m (JRC196)

• « 14m @ 1.3g/t Pd, 0.5g/t Pt, 0.2% Ni, 0.2% Cu, 0.11% Co from 9m (JRC202)

• « 15m @ 1.4g/t Pd, 0.5g/t Pt, 0.1g/t Au, 0.1% Ni, 0.2% Cu, 0.08% Co from 14m (JRC246)

• « 10m @ 2.8g/t Pd, 0.7g/t Pt, 0.2g/t Au, 0.2% Ni, 0.3% Cu, 0.06% Co from 9m (JRC209)

• « 15m @ 1.5g/t Pd, 0.5g/t Pt, 0.1% Ni, 0.1% Cu, 0.08% Co from 12m (JRC242)

• « 8m @ 2.3g/t Pd, 0.6g/t Pt, 0.1g/t Au, 0.1% Ni, 0.2% Cu, 0.22% Co from 7m (JRC226)

• « 13m @ 1.8g/t Pd, 0.2g/t Pt, 0.1g/t Au, 0.1% Ni, 0.2% Cu, 0.06% Co from 6m (JRC214)

• « 12m @ 1.5g/t Pd, 0.3g/t Pt, 0.3% Ni, 0.2% Cu, 0.06% Co from 8m (JD047)

• « 12m @ 1.7g/t Pd, 0.4g/t Pt, 0.1% Ni, 0.1% Cu, 0.1% Co from 15m (JRC235)

• « 8.9m @ 1.9g/t Pd, 0.6g/t Pt, 0.1g/t Au, 0.3% Ni, 0.3% Cu, 0.09% Co from 5.1m (JD049)

Geological domains

Detailed drilling and litho-geochemical analysis have further enhanced the Company’s technical understanding of the Gonneville Intrusion and will guide future exploration efforts. The intrusion is a ~1.8km long predominantly serpentinite-pyroxenite-gabbronorite intrusive ‘sill’ complex, with a northnorth-east strike, ~600–800m thickness, a 30-40° westerly dip and an interpreted NW plunge.

A combination of magnesium oxide (MgO) and nickel (Ni) grades have been used to define five macro geological domains within the intrusion (Figure 4). Each of these domains are modelled as having the same dip and plunge as the overall intrusive complex.

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Domain 1 is a very high MgO serpentinised harzburgite which forms the central core of the intrusion. Although it does contain discrete zones of high-grade mineralisation, it is generally less sulphide-rich than Domain 2.

Domain 2, which surrounds Domain 1, is a high MgO serpentinised harzburgite. It is sulphide-rich and contains most of the high-grade sulphide mineralised zones (G1 – G3, G5 – G9). A distinct gabbro unit is associated with the Pd-Ni-Cu-Co rich G1 and G2 zones and has a common strike and dip to the high-grade zones.

Domain 3 dominates the eastern margin of the Gonneville Intrusion, which is interpreted to be the footwall or basal contact. Domain 3 is a 60-100m thick pyroxenite with moderate MgO content. This unit is sulphide rich and contains the high-grade G4 and G11 zones. Mineralisation in these zones is characterised by chalcopyrite-dominant sulphides with generally higher copper and gold grades and generally lower nickel grades when compared to Domains 1 and 2.

Domains 4 and 5 sit above Domain 2 and are defined by moderate to low MgO and nickel content. These domains comprise pyroxenite and anorthosite-gabbronorite layers located at the hanging wall contact with the overlying host sediments. Domains 4 and 5 appear to represent the top of the Gonneville intrusive complex and are generally sulphide poor with localised narrow high-grade sulphide zones.

Seven major dolerite dykes and numerous minor dolerite dykes crosscut the Gonneville Intrusion. These younger, non-mineralised intrusive dykes are oriented vertical to sub-vertical and have been constrained using litho-chemical grouping to model their spatial coherence. The dykes are well constrained in the western and southern portion of the Gonneville Intrusion, with further drilling required in the eastern and northern part of the intrusion to further refine the geological model.

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Figure 4. Gonneville Intrusion Cross Sections

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Step-out drilling results

Limited RC and diamond extensional drilling focused predominantly on extending the G1-G5 and G8-G10 zones to the north. Results indicate that the G1, G2 and G5 zones may be merging into a single, narrow high-grade zone which remains open to the north and down dip (Figure 2). Significant new results include:

• « 7m @ 3.8g/t Pd, 0.8g/t Pt, 0g/t Au, 0.8% Ni, 0.1% Cu, 0.08% Co from 189m (JRC248) – G5

• « 5m @ 2.4g/t Pd, 0.9g/t Pt, 1.2% Ni, 0.3% Cu, 0.08% Co from 44m (JRC244) – G3

• « 15m @ 1.5g/t Pd, 0.4g/t Pt, 0.3% Ni, 0.1% Cu, 0.03% Co from 198m (JRC243) – G10

Assays remain pending for several step-out drill holes targeting the down-dip extension of the highgrade G1-G2 zones.

Forward plan

The Chalice Board of Directors has approved a comprehensive work program for Julimar in FY22, encompassing exploration, resource definition, environmental baselining and studies. This budget aims to accelerate the development of Gonneville and determine the ultimate scale of the Julimar Complex as rapidly as possible.

Chalice’s Julimar Project strategy remains focused on the high-grade mineralisation at Gonneville (as the potential site for an initial mine development) as well as the exploration potential of the ~26km long Julimar Complex.

Ongoing and planned activities at Julimar include:

• Resource definition drilling (Gonneville) – The ongoing 7-rig RC/diamond drill program aims to define mineral resources predominantly in the Indicated category to a nominal depth of ~200m below surface (deeper in high-grade zones), which is expected to be achieved with a 40m-spaced drill pattern. Areas deeper than ~200m below surface are being drilled on a wider-spaced pattern, with the mineral resources expected to be reported predominantly in the Inferred category. The Company now anticipates its maiden mineral resource estimate will be released in early Q4 2021, subject to lab turnaround constraints.

• Metallurgical testwork (Gonneville) – A dedicated Metallurgy Manager for the project has recently been appointed. Variability flotation testwork on sulphide zone composites and leach testwork on oxide zone composites continues. Bulk flotation testwork on disseminated sulphide composites has also commenced.

• Studies (Gonneville) – mining engineering, hydrology, hydrogeology, waste rock characterisation and initial infrastructure studies will commence shortly. The Company anticipates that a scoping study for the initial stage of development will be released in H1 2022.

• Reconnaissance exploration and surveys within the Julimar State Forest – Infill soil sampling and follow-up Moving Loop EM surveys are planned at the Jansz and Drummond Targets within the Julimar State Forest and on private farmland. Heritage surveys and confirmatory spring flora surveys are planned in the Julimar State Forest as soon as seasonal conditions permit, which is anticipated in August-September 2021.

Authorised for release on behalf of the Company by:

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Alex Dorsch Managing Director

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For further information, please visit www.chalicemining.com to view our latest corporate presentation or view the interactive 3D model of Julimar, 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 info@chalicemining.com info@readcorporate.com.au

About the Julimar Nickel-Copper-PGE Project

The 100%-owned Julimar Nickel-Copper-PGE Project is located ~70km north-east of Perth on private farmland and State Forest. The Project has direct access to major highway, rail, power and port infrastructure in one of the world’s most attractive mining jurisdictions – Western Australia (Figure 5).

Chalice made a significant greenfield PGE-Ni-Cu-Co-Au discovery at the Project (the Gonneville Discovery) in March 2020. The major greenfield discovery was made in a largely unexplored area and defined the new West Yilgarn Ni-Cu-PGE Province in WA.

The Gonneville Discovery is hosted within the ~1.8km x >0.9km Gonneville Intrusion, a layered maficultramafic ‘sill’, with a moderate westerly dip and gentle northerly plunge. The intrusion hosts several styles of PGE-Ni-Cu-Co-Au sulphide mineralisation, with eleven high-grade zones defined to date (>1g/t Pd cut-off), which are surrounded by widespread disseminated sulphide mineralisation.

Weathering at Gonneville extends down to ~30-40m below surface and a well-developed saprolite (oxide) profile contains elevated PGE-Au grades from near surface to a depth of ~25m (top of fresh rock).

A maiden Mineral Resource Estimate for Gonneville is expected in early Q4 2021, and Chalice has commenced early-stage studies to support a potential mining project development.

Early stage metallurgical testwork completed to date on selected mineralisation samples from Gonneville has returned promising flotation results, giving initial encouragement that the sulphidehosted mineralisation at Gonneville will be amenable to conventional flotation under standard conditions.

Initial reconnaissance exploration around Julimar has determined that Gonneville appears to be part of a ~26km long intrusive complex (the Julimar Complex). Several highly prospective regional EM/gravity/soil targets have been defined across the complex and are yet to be drill tested.

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Figure 5. 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 report 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, forward-looking 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 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 “appears”, “anticipated”, “considered”, “expected”, “highly”, “interpreted”, “may”, “plan” or “planned”, “potential”,, “promising”, “proposed”, “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 forwardlooking 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.

13 Chalice Mining Limited

ASX:CHN OTCQB:CGMLF

Appendix: Drilling and assay data

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

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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)|(%)|(%)|(%)|
|JD036|116.3|125.3|9.0|0.35|0.07|0.03|0.09|0.07|0.01|Sulphide|
|JD037|10.0|14.0|4.0|0.31|0.05|0.00|0.02|0.03|0.00|Oxide|
|JD037|141.0|148.0|7.0|0.34|0.08|0.01|0.13|0.05|0.02|Sulphide|
|JD037|305.5|347.0|41.5|0.42|0.12|0.01|0.18|0.03|0.02|Sulphide|
|JD037|363.2|370.0|6.8|0.68|0.15|0.01|0.11|0.07|0.01|Sulphide|
|JD037|405.0|431.0|26.0|0.52|0.14|0.03|0.09|0.19|0.01|Sulphide|
|Incl|408.0|410.0|2.0|1.23|0.60|0.03|0.17|0.31|0.02|Sulphide|
|JD037|442.0|469.0|27.0|0.93|0.17|0.06|0.13|0.37|0.01|Sulphide|
|Incl|456.0|460.6|4.6|2.84|0.29|0.19|0.16|1.02|0.02|Sulphide|
|JD041|8.0|24.0|16.0|0.65|0.19|0.04|0.17|0.11|0.02|Oxide|
|Incl|8.0|12.0|4.0|1.27|0.35|0.03|0.28|0.21|0.06|Oxide|
|JD041|24.0|32.0|8.0|0.46|0.11|0.01|0.17|0.06|0.01|Sulphide|
|JD041|93.0|97.0|4.0|0.32|0.08|0.01|0.17|0.01|0.01|Sulphide|
|JD041|103.0|171.9|68.9|0.49|0.12|0.02|0.19|0.07|0.02|Sulphide|
|Incl|165.0|168.0|3.0|1.07|0.33|0.05|0.17|0.20|0.02|Sulphide|
|JD042|11.0|23.0|12.0|1.12|0.25|0.05|0.13|0.19|0.05|Oxide|
|Incl|16.0|22.0|6.0|1.53|0.33|0.05|0.17|0.24|0.08|Oxide|
|JD043|300.0|311.0|11.0|0.34|0.08|0.01|0.15|0.04|0.02|Sulphide|
|JD043|317.0|335.0|18.0|1.48|0.37|0.14|0.14|0.09|0.01|Sulphide|
|Incl|323.2|326.0|2.9|6.90|1.68|0.67|0.32|0.25|0.03|Sulphide|
|JD044|7.0|27.0|20.0|1.45|0.38|0.10|0.22|0.17|0.05|Oxide|
|Incl|9.0|24.0|15.0|1.68|0.44|0.10|0.26|0.18|0.06|Oxide|
|JD044|43.0|59.3|16.4|0.39|0.11|0.02|0.17|0.07|0.02|Sulphide|
|JD044|83.3|89.0|5.7|1.41|0.16|0.13|0.14|0.43|0.01|Sulphide|
|JD045|7.0|26.0|19.0|0.71|0.16|0.01|0.12|0.06|0.02|Oxide|
|Incl|17.0|19.0|2.0|1.39|0.35|0.02|0.18|0.12|0.06|Oxide|
|JD045|30.2|76.0|45.8|1.64|0.32|0.07|0.14|0.04|0.01|Sulphide|
|Incl|66.9|74.0|7.1|7.66|1.41|0.39|0.16|0.07|0.01|Sulphide|
|JD045|91.6|136.1|44.5|0.46|0.09|0.02|0.16|0.07|0.01|Sulphide|
|JD045|178.5|241.0|62.5|0.46|0.11|0.07|0.15|0.18|0.01|Sulphide|
|JD045|251.0|264.0|13.0|0.89|0.62|0.02|0.14|0.02|0.01|Sulphide|
|Incl|259.0|262.0|3.0|2.11|2.11|0.04|0.15|0.02|0.01|Sulphide|
|JD046|16.0|29.9|13.9|1.03|0.42|0.01|0.18|0.14|0.10|Oxide|
|Incl|16.0|26.3|10.3|1.21|0.54|0.01|0.20|0.17|0.13|Oxide|
|JD046|30.3|43.0|12.7|3.96|0.90|0.07|0.25|0.10|0.02|Sulphide|

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14 Chalice Mining Limited

ASX:CHN OTCQB:CGMLF

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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|36.0|40.0|4.0|11.66|2.67|0.17|0.53|0.18|0.04|Sulphide|
|JD046|52.9|73.8|20.9|0.35|0.08|0.02|0.15|0.06|0.01|Sulphide|
|JD046|120.0|145.0|25.0|0.42|0.10|0.02|0.16|0.09|0.01|Sulphide|
|Incl|120.0|122.0|2.0|1.27|0.23|0.08|0.29|0.55|0.02|Sulphide|
|JD047|8.0|21.0|13.0|1.39|0.32|0.05|0.25|0.18|0.06|Oxide|
|Incl|8.0|20.0|12.0|1.50|0.33|0.04|0.26|0.20|0.06|Oxide|
|JD047|23.0|36.0|13.0|0.42|0.12|0.02|0.13|0.02|0.01|Sulphide|
|JD047|42.0|48.0|6.0|0.38|0.08|0.02|0.18|0.00|0.02|Sulphide|
|JD047|59.0|96.2|37.2|0.44|0.07|0.04|0.13|0.13|0.01|Sulphide|
|JD048|115.3|133.0|17.7|0.55|0.10|0.03|0.16|0.20|0.02|Sulphide|
|JD048|138.4|149.2|10.8|0.39|0.10|0.02|0.15|0.06|0.01|Sulphide|
|JD048|199.0|205.0|6.0|0.71|0.24|0.24|0.09|0.04|0.01|Sulphide|
|Incl|199.0|202.0|3.0|1.15|0.13|0.43|0.09|0.05|0.01|Sulphide|
|JD049|4.1|18.0|13.9|1.40|0.38|0.05|0.21|0.20|0.06|Oxide|
|Incl|5.1|14.0|8.9|1.90|0.56|0.06|0.27|0.27|0.09|Oxide|
|JD049|20.0|26.2|6.2|0.89|0.04|0.33|0.20|0.06|0.01|Sulphide|
|JD049|44.3|65.8|21.5|0.54|0.11|0.06|0.16|0.08|0.01|Sulphide|
|Incl|46.5|49.3|2.7|1.48|0.15|0.30|0.16|0.30|0.02|Sulphide|
|JD049|90.0|110.0|20.0|0.42|0.15|0.01|0.15|0.03|0.02|Sulphide|
|JD049|138.1|160.8|22.7|0.65|0.16|0.05|0.13|0.06|0.01|Sulphide|
|JD050|79.0|117.2|38.2|0.61|0.10|0.01|0.18|0.24|0.02|Sulphide|
|Incl|112.9|117.2|4.3|1.25|0.07|0.04|0.34|1.98|0.04|Sulphide|
|JD050|130.0|151.0|21.0|0.41|0.09|0.01|0.17|0.16|0.02|Sulphide|
|JD050|177.0|221.0|44.0|0.41|0.09|0.03|0.14|0.10|0.01|Sulphide|
|JD050|232.8|238.0|5.2|0.45|0.07|0.06|0.15|0.11|0.01|Sulphide|
|JD050|270.0|283.0|13.0|0.44|0.06|0.03|0.08|0.16|0.01|Sulphide|
|JD051|7.0|13.9|6.9|0.75|0.15|0.00|0.08|0.05|0.01|Oxide|
|JD051|27.0|32.0|5.0|0.67|0.12|0.01|0.12|0.03|0.01|Oxide|
|JD051|32.0|75.6|43.6|0.56|0.14|0.00|0.17|0.04|0.02|Sulphide|
|Incl|52.0|55.0|3.0|1.21|0.38|0.00|0.24|0.09|0.02|Sulphide|
|JD051|81.0|131.0|50.0|0.70|0.19|0.01|0.20|0.06|0.02|Sulphide|
|JD051|136.0|280.0|144.0|0.80|0.17|0.05|0.17|0.12|0.02|Sulphide|
|Incl|165.0|168.3|3.3|1.18|0.20|0.01|0.28|0.24|0.03|Sulphide|
|and|181.0|183.0|2.0|1.23|0.18|0.07|0.26|0.20|0.03|Sulphide|
|and|197.0|211.0|14.0|1.97|0.41|0.12|0.20|0.23|0.02|Sulphide|
|and|219.0|224.0|5.0|1.85|0.25|0.08|0.17|0.20|0.02|Sulphide|
|JD052|6.4|37.0|30.6|0.76|0.11|0.03|0.18|0.15|0.03|Oxide|
|Incl|6.4|13.4|7.0|2.42|0.23|0.07|0.26|0.29|0.10|Oxide|

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15 Chalice Mining Limited

ASX:CHN OTCQB:CGMLF

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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)|(%)|(%)|(%)|
|JD052|47.0|66.0|19.0|1.23|0.22|0.06|0.21|0.19|0.02|Sulphide|
|Incl|58.7|61.5|2.8|4.82|0.74|0.27|0.62|0.64|0.05|Sulphide|
|JD052|71.0|328.0|257.0|0.46|0.10|0.01|0.16|0.06|0.02|Sulphide|
|Incl|75.0|81.4|6.4|2.01|0.40|0.08|0.37|0.46|0.03|Sulphide|
|and|221.0|223.0|2.0|1.15|0.37|0.12|0.16|0.04|0.02|Sulphide|
|JD052|335.0|344.0|9.0|0.35|0.13|0.04|0.14|0.11|0.02|Sulphide|
|JD052|349.0|364.3|15.3|0.51|0.11|0.03|0.16|0.09|0.01|Sulphide|
|JD053|4.3|18.8|14.5|0.97|0.32|0.03|0.30|0.18|0.08|Oxide|
|Incl|7.4|15.0|7.6|1.31|0.32|0.02|0.36|0.17|0.07|Oxide|
|JD053|29.0|33.5|4.5|0.30|0.07|0.02|0.16|0.03|0.02|Sulphide|
|JD053|101.0|140.7|39.7|0.41|0.13|0.01|0.15|0.05|0.02|Sulphide|
|JD053|164.6|171.0|6.4|0.79|0.09|0.05|0.13|0.12|0.01|Sulphide|
|JD053|179.0|188.0|9.0|1.42|0.45|0.08|0.14|0.08|0.01|Sulphide|
|Incl|184.0|187.0|3.0|2.76|0.84|0.17|0.17|0.11|0.02|Sulphide|
|JD054|4.9|13.3|8.4|1.76|0.47|0.31|0.22|0.29|0.04|Oxide|
|JD054|26.0|38.0|12.0|0.49|0.06|0.07|0.18|0.03|0.02|Sulphide|
|JD054|42.6|54.0|11.4|0.33|0.07|0.02|0.18|0.05|0.02|Sulphide|
|JD054|61.0|65.0|4.0|0.38|0.06|0.01|0.14|0.18|0.02|Sulphide|
|JD054|70.0|106.0|36.0|0.73|0.22|0.07|0.18|0.17|0.02|Sulphide|
|Incl|72.0|74.5|2.5|2.38|0.64|0.21|0.24|0.42|0.02|Sulphide|
|and|98.0|102.0|4.0|1.44|0.54|0.20|0.35|0.19|0.03|Sulphide|
|JD054|139.9|147.9|7.9|1.08|0.20|0.04|0.19|0.21|0.02|Sulphide|
|Incl|141.0|143.0|2.0|1.43|0.08|0.02|0.16|0.12|0.03|Sulphide|
|JD055|4.5|8.5|4.0|1.67|0.31|0.09|0.12|0.21|0.01|Oxide|
|JD055|14.2|25.0|10.8|1.28|0.27|0.06|0.24|0.16|0.05|Oxide|
|Incl|14.2|22.0|7.8|1.81|0.37|0.08|0.31|0.23|0.07|Oxide|
|JD055|32.0|43.0|11.0|1.56|0.56|0.03|0.16|0.08|0.02|Sulphide|
|Incl|36.0|38.0|2.0|6.40|2.33|0.10|0.19|0.05|0.02|Sulphide|
|JD055|51.0|55.0|4.0|2.47|0.14|0.15|0.10|0.13|0.01|Sulphide|
|Incl|53.0|55.0|2.0|4.42|0.17|0.26|0.07|0.23|0.01|Sulphide|
|JD055|63.5|75.0|11.5|0.68|0.44|0.05|0.15|0.17|0.01|Sulphide|
|JD055|86.0|114.0|28.0|0.97|0.18|0.19|0.15|0.43|0.01|Sulphide|
|Incl|95.0|107.0|12.0|1.78|0.23|0.39|0.17|0.93|0.02|Sulphide|
|JD055|160.0|190.0|30.0|0.76|0.17|0.08|0.12|0.19|0.01|Sulphide|
|Incl|163.0|167.0|4.0|1.29|0.40|0.18|0.13|0.51|0.01|Sulphide|
|and|171.0|173.0|2.0|1.27|0.28|0.14|0.14|0.27|0.01|Sulphide|
|JD056|9.8|30.0|20.2|1.62|0.60|0.04|0.15|0.18|0.12|Oxide|
|Incl|11.0|27.8|16.8|1.85|0.72|0.04|0.16|0.19|0.14|Oxide|

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16 Chalice Mining Limited

ASX:CHN OTCQB:CGMLF

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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)|(%)|(%)|(%)|
|JD056|30.0|43.0|13.0|0.81|0.20|0.05|0.14|0.11|0.01|Sulphide|
|Incl|36.0|40.0|4.0|1.35|0.38|0.07|0.14|0.11|0.01|Sulphide|
|JD056|48.4|121.0|72.6|0.65|0.15|0.04|0.16|0.10|0.01|Sulphide|
|Incl|67.0|74.2|7.2|1.47|0.17|0.05|0.17|0.09|0.02|Sulphide|
|JD056|125.7|159.0|33.3|1.07|0.18|0.07|0.16|0.05|0.01|Sulphide|
|Incl|131.0|139.0|8.0|2.21|0.26|0.02|0.26|0.10|0.02|Sulphide|
|and|149.0|152.0|3.0|1.96|0.27|0.41|0.16|0.09|0.01|Sulphide|
|JRC192|4.0|12.0|8.0|0.99|0.43|0.01|0.13|0.18|0.14|Oxide|
|Incl|7.0|10.0|3.0|1.78|0.52|0.01|0.17|0.25|0.29|Oxide|
|JRC193|3.0|24.0|21.0|1.22|0.35|0.04|0.17|0.22|0.06|Oxide|
|Incl|4.0|12.0|8.0|2.03|0.52|0.05|0.17|0.30|0.12|Oxide|
|JRC193|26.0|41.0|15.0|0.63|0.13|0.03|0.19|0.15|0.02|Sulphide|
|JRC193|63.0|126.0|63.0|0.75|0.16|0.05|0.14|0.08|0.01|Sulphide|
|Incl|93.0|95.0|2.0|1.71|0.45|0.15|0.20|0.30|0.02|Sulphide|
|and|122.0|126.0|4.0|3.71|0.78|0.10|0.10|0.11|0.01|Sulphide|
|JRC194|5.0|21.0|16.0|0.91|0.23|0.01|0.09|0.12|0.02|Oxide|
|Incl|7.0|10.0|3.0|1.56|0.16|0.00|0.04|0.08|0.00|Oxide|
|and|16.0|18.0|2.0|1.07|0.28|0.02|0.16|0.16|0.02|Oxide|
|JRC194|33.0|42.0|9.0|0.31|0.06|0.02|0.14|0.15|0.01|Oxide|
|JRC194|117.0|121.0|4.0|0.52|0.10|0.03|0.07|0.08|0.01|Sulphide|
|Incl|142.0|145.0|3.0|1.38|0.21|0.06|0.10|0.01|0.01|Sulphide|
|JRC195|6.0|23.0|17.0|0.70|0.07|0.01|0.16|0.14|0.03|Oxide|
|Incl|7.0|11.0|4.0|1.39|0.13|0.00|0.08|0.16|0.09|Oxide|
|JRC195|23.0|42.0|19.0|0.44|0.10|0.02|0.15|0.07|0.02|Sulphide|
|JRC196|8.0|32.0|24.0|1.68|0.25|0.01|0.17|0.13|0.05|Oxide|
|Incl|9.0|22.0|13.0|2.37|0.30|0.01|0.18|0.19|0.08|Oxide|
|JRC196|32.0|85.0|53.0|0.55|0.11|0.01|0.17|0.10|0.01|Sulphide|
|Incl|77.0|83.0|6.0|1.26|0.22|0.03|0.33|0.19|0.02|Sulphide|
|JRC196|108.0|157.0|49.0|0.64|0.19|0.04|0.16|0.13|0.01|Sulphide|
|Incl|146.0|148.0|2.0|1.74|0.91|0.07|0.12|0.18|0.01|Sulphide|
|and|152.0|154.0|2.0|1.80|0.50|0.28|0.16|0.63|0.02|Sulphide|
|JRC197|4.0|23.0|19.0|1.12|0.45|0.04|0.19|0.24|0.06|Oxide|
|Incl|4.0|8.0|4.0|1.56|0.99|0.05|0.14|0.28|0.13|Oxide|
|and|17.0|22.0|5.0|1.46|0.51|0.05|0.27|0.28|0.04|Oxide|
|JRC197|23.0|128.0|105.0|0.50|0.10|0.04|0.16|0.08|0.01|Sulphide|
|Incl|75.0|77.0|2.0|1.15|0.19|1.21|0.31|0.31|0.03|Sulphide|
|JRC197|153.0|208.0|55.0|0.41|0.14|0.03|0.14|0.06|0.01|Sulphide|
|Incl|173.0|175.0|2.0|1.30|1.23|0.02|0.14|0.05|0.01|Sulphide|

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17 Chalice Mining Limited

ASX:CHN OTCQB:CGMLF

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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)|(%)|(%)|(%)|
|JRC197|213.0|229.0|16.0|0.48|0.10|0.07|0.13|0.10|0.01|Sulphide|
|JRC198|5.0|19.0|14.0|0.56|0.05|0.02|0.13|0.08|0.03|Oxide|
|JRC198|29.0|45.0|16.0|0.45|0.10|0.01|0.14|0.03|0.01|Sulphide|
|JRC198|68.0|78.0|10.0|0.36|0.08|0.02|0.14|0.00|0.01|Sulphide|
|JRC198|122.0|157.0|35.0|0.35|0.08|0.01|0.14|0.02|0.01|Sulphide|
|JRC198|170.0|184.0|14.0|0.33|0.07|0.01|0.16|0.04|0.01|Sulphide|
|JRC198|203.0|244.0|41.0|0.95|0.37|0.12|0.12|0.31|0.01|Sulphide|
|Incl|207.0|218.0|11.0|1.25|0.25|0.11|0.16|0.46|0.02|Sulphide|
|and|228.0|232.0|4.0|2.17|0.75|0.41|0.14|0.72|0.01|Sulphide|
|and|240.0|244.0|4.0|1.45|1.20|0.16|0.09|0.08|0.01|Sulphide|
|JRC199|3.0|19.0|16.0|0.84|0.19|0.02|0.23|0.24|0.08|Oxide|
|Incl|12.0|14.0|2.0|1.07|0.20|0.02|0.30|0.21|0.05|Oxide|
|JRC199|27.0|91.0|64.0|0.41|0.10|0.01|0.16|0.03|0.02|Sulphide|
|JRC199|98.0|150.0|52.0|0.46|0.10|0.02|0.17|0.06|0.02|Sulphide|
|JRC199|182.0|209.0|27.0|0.42|0.10|0.02|0.21|0.06|0.02|Sulphide|
|JRC199|215.0|242.0|27.0|0.78|0.20|0.16|0.18|0.24|0.02|Sulphide|
|Incl|216.0|218.0|2.0|1.35|0.29|0.04|0.33|0.37|0.03|Sulphide|
|and|236.0|242.0|6.0|1.80|0.48|0.54|0.18|0.74|0.02|Sulphide|
|JRC200|7.0|31.0|24.0|0.81|0.23|0.02|0.20|0.16|0.04|Oxide|
|Incl|7.0|18.0|11.0|1.24|0.36|0.04|0.24|0.24|0.06|Oxide|
|JRC200|31.0|179.0|148.0|0.53|0.11|0.02|0.18|0.07|0.02|Sulphide|
|JRC200|208.0|243.0|35.0|0.34|0.10|0.02|0.12|0.05|0.01|Sulphide|
|JRC201|225.0|230.0|5.0|0.62|0.13|0.01|0.13|0.14|0.01|Sulphide|
|JRC202|3.0|30.0|27.0|0.97|0.43|0.02|0.22|0.18|0.07|Oxide|
|Incl|9.0|23.0|14.0|1.28|0.50|0.02|0.24|0.20|0.11|Oxide|
|JRC202|30.0|184.0|154.0|0.47|0.10|0.01|0.16|0.05|0.01|Sulphide|
|JRC202|192.0|212.0|20.0|0.37|0.09|0.02|0.14|0.13|0.01|Sulphide|
|JRC202|248.0|256.0|8.0|0.55|0.15|0.02|0.15|0.07|0.01|Sulphide|
|JRC203|11.0|26.0|15.0|1.00|0.12|0.01|0.17|0.12|0.05|Oxide|
|Incl|12.0|19.0|7.0|1.58|0.14|0.01|0.19|0.15|0.07|Oxide|
|JRC203|83.0|96.0|13.0|0.79|0.20|0.04|0.21|0.20|0.01|Sulphide|
|Incl|91.0|93.0|2.0|1.72|0.28|0.02|0.46|0.21|0.03|Sulphide|
|JRC203|133.0|201.0|68.0|0.50|0.11|0.02|0.15|0.10|0.01|Sulphide|
|JRC203|227.0|232.0|5.0|0.50|0.19|0.01|0.05|0.01|0.01|Sulphide|
|JRC204|4.0|28.0|24.0|1.79|0.30|0.10|0.18|0.24|0.05|Oxide|
|Incl|5.0|21.0|16.0|2.45|0.39|0.14|0.20|0.31|0.06|Oxide|
|JRC204|28.0|42.0|14.0|0.39|0.10|0.01|0.15|0.04|0.01|Sulphide|
|JRC204|51.0|55.0|4.0|0.33|0.07|0.01|0.15|0.02|0.01|Sulphide|

----- End of picture text -----

18 Chalice Mining Limited

ASX:CHN OTCQB:CGMLF

==> picture [483 x 696] intentionally omitted <==

----- Start of picture text -----

||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|Hole ID|From|To|Interval|Pd|Pt|Au|Ni|Cu|Co|Geology|
|(m)|(m)|(m)*|(g/t)|(g/t)|(g/t)|(%)|(%)|(%)|
|JRC204|69.0|111.0|42.0|0.56|0.12|0.01|0.18|0.09|0.02|Sulphide|
|Incl|93.0|95.0|2.0|2.13|0.41|0.03|0.54|1.11|0.06|Sulphide|
|JRC204|116.0|267.0|151.0|0.49|0.12|0.02|0.19|0.06|0.02|Sulphide|
|Incl|130.0|132.0|2.0|3.12|0.67|0.05|1.12|0.54|0.12|Sulphide|
|JRC204|281.0|285.0|4.0|1.29|0.46|0.10|0.09|0.10|0.01|Sulphide|
|JRC205|4.0|25.0|21.0|1.78|0.63|0.02|0.22|0.29|0.08|Oxide|
|Incl|6.0|25.0|19.0|1.90|0.58|0.02|0.23|0.29|0.09|Oxide|
|JRC205|43.0|90.0|47.0|0.44|0.09|0.01|0.16|0.03|0.01|Sulphide|
|JRC205|176.0|181.0|5.0|0.34|0.07|0.01|0.16|0.05|0.02|Sulphide|
|JRC205|191.0|222.0|31.0|0.31|0.08|0.01|0.15|0.04|0.02|Sulphide|
|JRC205|228.0|252.0|24.0|0.39|0.09|0.02|0.17|0.05|0.01|Sulphide|
|JRC206|5.0|32.0|27.0|0.87|0.21|0.03|0.23|0.16|0.03|Oxide|
|Incl|7.0|14.0|7.0|1.79|0.33|0.07|0.23|0.28|0.07|Oxide|
|JRC206|34.0|97.0|63.0|0.60|0.20|0.01|0.19|0.31|0.02|Sulphide|
|Incl|58.0|61.0|3.0|3.42|1.94|0.10|1.04|4.92|0.12|Sulphide|
|JRC206|117.0|195.0|78.0|0.45|0.09|0.01|0.16|0.04|0.01|Sulphide|
|JRC206|226.0|248.0|22.0|0.48|0.09|0.02|0.24|0.10|0.02|Sulphide|
|JRC207|1.0|28.0|27.0|2.21|0.49|0.08|0.22|0.29|0.04|Oxide|
|Incl|1.0|16.0|15.0|2.86|0.67|0.07|0.19|0.30|0.05|Oxide|
|and|20.0|22.0|2.0|2.46|0.27|0.13|0.39|0.28|0.06|Oxide|
|and|25.0|27.0|2.0|3.65|0.58|0.35|0.48|0.73|0.05|Oxide|
|JRC207|28.0|136.0|108.0|0.50|0.11|0.02|0.16|0.04|0.01|Sulphide|
|Incl|33.0|35.0|2.0|1.31|0.14|0.03|0.18|0.18|0.02|Sulphide|
|JRC207|143.0|158.0|15.0|0.58|0.12|0.02|0.17|0.07|0.01|Sulphide|
|Incl|147.0|149.0|2.0|1.48|0.25|0.05|0.18|0.11|0.02|Sulphide|
|JRC207|172.0|252.0|80.0|0.44|0.12|0.01|0.16|0.05|0.01|Sulphide|
|JRC208|8.0|26.0|18.0|1.45|0.22|0.01|0.18|0.18|0.03|Oxide|
|Incl|8.0|15.0|7.0|1.89|0.30|0.02|0.08|0.13|0.03|Oxide|
|and|24.0|26.0|2.0|4.78|0.73|0.06|0.78|0.85|0.06|Oxide|
|JRC208|26.0|58.0|32.0|0.63|0.13|0.01|0.15|0.08|0.02|Sulphide|
|JRC208|175.0|187.0|12.0|0.76|0.19|0.03|0.08|0.03|0.01|Sulphide|
|JRC208|199.0|211.0|12.0|0.43|0.09|0.03|0.10|0.03|0.01|Sulphide|
|JRC208|218.0|226.0|8.0|0.59|0.14|0.07|0.11|0.08|0.01|Sulphide|
|JRC209|3.0|27.0|24.0|1.49|0.47|0.09|0.15|0.21|0.03|Oxide|
|Incl|9.0|19.0|10.0|2.76|0.71|0.19|0.18|0.28|0.06|Oxide|
|JRC209|27.0|63.0|36.0|0.76|0.18|0.01|0.17|0.06|0.02|Sulphide|
|Incl|42.0|44.0|2.0|3.85|0.70|0.03|0.22|0.14|0.02|Sulphide|
|and|48.0|54.0|6.0|1.10|0.25|0.01|0.23|0.09|0.02|Sulphide|

----- End of picture text -----

19 Chalice Mining Limited

ASX:CHN OTCQB:CGMLF

==> picture [483 x 696] intentionally omitted <==

----- Start of picture text -----

||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|Hole ID|From|To|Interval|Pd|Pt|Au|Ni|Cu|Co|Geology|
|(m)|(m)|(m)*|(g/t)|(g/t)|(g/t)|(%)|(%)|(%)|
|JRC209|69.0|205.0|136.0|0.54|0.14|0.02|0.15|0.10|0.01|Sulphide|
|Incl|111.0|121.0|10.0|1.04|0.20|0.03|0.15|0.18|0.01|Sulphide|
|and|162.0|164.0|2.0|1.10|0.71|0.01|0.36|0.30|0.03|Sulphide|
|and|167.0|170.0|3.0|1.04|0.17|0.19|0.24|0.45|0.02|Sulphide|
|JRC209|217.0|238.0|21.0|0.35|0.13|0.01|0.14|0.10|0.01|Sulphide|
|JRC210|6.0|32.0|26.0|0.72|0.14|0.02|0.19|0.13|0.03|Oxide|
|Incl|8.0|15.0|7.0|1.42|0.20|0.04|0.23|0.24|0.07|Oxide|
|JRC211|6.0|36.0|30.0|1.18|0.35|0.02|0.19|0.16|0.07|Oxide|
|Incl|8.0|25.0|17.0|1.67|0.45|0.02|0.24|0.21|0.10|Oxide|
|JRC211|36.0|194.0|158.0|0.66|0.13|0.01|0.18|0.07|0.02|Sulphide|
|Incl|37.0|39.0|2.0|1.82|0.29|0.03|0.22|0.12|0.02|Sulphide|
|and|42.0|47.0|5.0|2.38|0.17|0.04|0.25|0.14|0.02|Sulphide|
|and|90.0|93.0|3.0|2.78|0.37|0.04|0.94|0.59|0.09|Sulphide|
|JRC211|226.0|249.0|23.0|0.44|0.11|0.01|0.17|0.05|0.02|Sulphide|
|JRC212|7.0|15.0|8.0|1.81|0.54|0.05|0.15|0.21|0.08|Oxide|
|Incl|8.0|14.0|6.0|2.26|0.66|0.06|0.17|0.25|0.10|Oxide|
|JRC212|18.0|28.0|10.0|1.42|0.26|0.03|0.23|0.20|0.05|Oxide|
|Incl|18.0|24.0|6.0|2.20|0.41|0.05|0.27|0.28|0.07|Oxide|
|JRC212|35.0|39.0|4.0|1.28|0.32|0.02|0.31|0.17|0.03|Oxide|
|Incl|35.0|38.0|3.0|1.57|0.40|0.03|0.35|0.22|0.04|Oxide|
|JRC212|39.0|45.0|6.0|0.61|0.11|0.01|0.15|0.05|0.02|Sulphide|
|JRC212|73.0|222.0|149.0|0.56|0.15|0.02|0.16|0.09|0.02|Sulphide|
|Incl|98.0|100.0|2.0|1.07|0.26|0.08|0.25|0.27|0.02|Sulphide|
|and|116.0|120.0|4.0|3.61|1.83|0.04|0.73|0.22|0.04|Sulphide|
|and|128.0|132.0|4.0|1.29|0.31|0.04|0.20|0.20|0.02|Sulphide|
|JRC213|7.0|22.0|15.0|1.17|0.37|0.02|0.21|0.18|0.04|Oxide|
|Incl|10.0|16.0|6.0|1.79|0.54|0.03|0.23|0.26|0.05|Oxide|
|JRC213|111.0|126.0|15.0|0.37|0.11|0.01|0.14|0.10|0.01|Sulphide|
|JRC213|140.0|292.0|152.0|0.61|0.16|0.02|0.14|0.06|0.01|Sulphide|
|Incl|197.0|200.0|3.0|3.03|1.18|0.03|0.13|0.06|0.01|Sulphide|
|and|239.0|241.0|2.0|1.27|0.24|0.02|0.12|0.04|0.01|Sulphide|
|JRC214|5.0|25.0|20.0|1.30|0.13|0.04|0.16|0.16|0.05|Oxide|
|Incl|6.0|19.0|13.0|1.81|0.17|0.06|0.14|0.20|0.06|Oxide|
|JRC214|63.0|80.0|17.0|1.42|0.26|0.03|0.21|0.11|0.02|Sulphide|
|Incl|63.0|67.0|4.0|3.88|0.75|0.05|0.40|0.30|0.03|Sulphide|
|and|78.0|80.0|2.0|2.00|0.19|0.07|0.24|0.14|0.02|Sulphide|
|JRC214|100.0|245.0|145.0|0.52|0.12|0.03|0.17|0.08|0.02|Sulphide|
|Incl|224.0|226.0|2.0|1.90|0.23|0.30|0.23|0.96|0.02|Sulphide|

----- End of picture text -----

20 Chalice Mining Limited

ASX:CHN OTCQB:CGMLF

==> picture [483 x 694] intentionally omitted <==

----- Start of picture text -----

||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|Hole ID|From|To|Interval|Pd|Pt|Au|Ni|Cu|Co|Geology|
|(m)|(m)|(m)*|(g/t)|(g/t)|(g/t)|(%)|(%)|(%)|
|JRC215|4.0|25.0|21.0|1.81|0.70|0.02|0.16|0.18|0.09|Oxide|
|Incl|6.0|20.0|14.0|2.40|0.94|0.02|0.18|0.23|0.12|Oxide|
|JRC215|25.0|91.0|66.0|0.61|0.13|0.02|0.15|0.06|0.01|Sulphide|
|Incl|41.0|44.0|3.0|1.11|0.18|0.02|0.17|0.20|0.02|Sulphide|
|and|87.0|90.0|3.0|4.48|0.78|0.11|0.35|0.16|0.02|Sulphide|
|JRC215|128.0|259.0|131.0|0.52|0.12|0.02|0.16|0.04|0.01|Sulphide|
|Incl|249.0|252.0|3.0|2.74|0.58|0.22|0.34|0.15|0.03|Sulphide|
|JRC216|5.0|26.0|21.0|1.45|0.41|0.04|0.17|0.16|0.09|Oxide|
|Incl|7.0|19.0|12.0|2.04|0.60|0.05|0.21|0.22|0.14|Oxide|
|JRC216|26.0|121.0|95.0|0.55|0.15|0.01|0.16|0.08|0.02|Sulphide|
|Incl|40.0|42.0|2.0|1.80|0.66|0.02|0.35|0.66|0.04|Sulphide|
|and|83.0|85.0|2.0|1.28|0.25|0.03|0.22|0.10|0.02|Sulphide|
|and|90.0|92.0|2.0|2.03|1.39|0.02|0.47|0.11|0.05|Sulphide|
|JRC216|126.0|158.0|32.0|0.79|0.14|0.02|0.16|0.09|0.01|Sulphide|
|Incl|140.0|144.0|4.0|1.90|0.26|0.05|0.44|0.33|0.03|Sulphide|
|JRC216|170.0|259.0|89.0|0.85|0.19|0.02|0.24|0.16|0.02|Sulphide|
|Incl|176.0|183.0|7.0|1.72|0.17|0.05|0.25|0.64|0.02|Sulphide|
|and|199.0|205.0|6.0|1.73|0.37|0.05|0.38|0.35|0.03|Sulphide|
|and|214.0|228.0|14.0|1.58|0.32|0.03|0.47|0.31|0.06|Sulphide|
|JRC217|1.0|27.0|26.0|1.75|0.47|0.05|0.19|0.25|0.05|Oxide|
|Incl|4.0|27.0|23.0|1.92|0.50|0.04|0.21|0.25|0.06|Oxide|
|JRC217|67.0|100.0|33.0|1.27|0.24|0.01|0.25|0.13|0.02|Sulphide|
|Incl|82.0|93.0|11.0|2.61|0.42|0.02|0.46|0.28|0.03|Sulphide|
|JRC217|122.0|243.0|121.0|0.51|0.11|0.01|0.18|0.06|0.02|Sulphide|
|JRC219|7.0|26.0|19.0|1.19|0.28|0.05|0.28|0.17|0.05|Oxide|
|Incl|7.0|15.0|8.0|1.75|0.41|0.04|0.30|0.26|0.07|Oxide|
|and|19.0|21.0|2.0|1.23|0.34|0.08|0.36|0.08|0.06|Oxide|
|JRC219|26.0|102.0|76.0|0.42|0.13|0.02|0.16|0.05|0.02|Sulphide|
|JRC219|108.0|227.0|119.0|0.42|0.11|0.02|0.16|0.04|0.01|Sulphide|
|JRC220|5.0|36.0|31.0|1.48|0.24|0.04|0.16|0.17|0.07|Oxide|
|Incl|5.0|25.0|20.0|2.09|0.33|0.05|0.17|0.23|0.09|Oxide|
|JRC220|44.0|63.0|19.0|0.45|0.13|0.00|0.14|0.06|0.01|Sulphide|
|JRC220|73.0|85.0|12.0|0.58|0.14|0.01|0.15|0.08|0.01|Sulphide|
|JRC220|144.0|184.0|40.0|0.55|0.12|0.01|0.16|0.08|0.01|Sulphide|
|JRC220|230.0|250.0|20.0|0.38|0.08|0.01|0.14|0.03|0.01|Sulphide|
|JRC220|260.0|294.0|34.0|0.33|0.07|0.01|0.15|0.03|0.02|Sulphide|
|JRC220A|5.0|29.0|24.0|1.13|0.28|0.02|0.16|0.15|0.05|Oxide|
|JRC221|12.0|26.0|14.0|2.13|0.68|0.02|0.15|0.16|0.20|Oxide|

----- End of picture text -----

21 Chalice Mining Limited

ASX:CHN OTCQB:CGMLF

==> picture [483 x 696] intentionally omitted <==

----- Start of picture text -----

||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|Hole ID|From|To|Interval|Pd|Pt|Au|Ni|Cu|Co|Geology|
|(m)|(m)|(m)*|(g/t)|(g/t)|(g/t)|(%)|(%)|(%)|
|Incl|13.0|22.0|9.0|3.05|0.91|0.02|0.17|0.20|0.31|Oxide|
|JRC221|26.0|71.0|45.0|0.65|0.13|0.01|0.16|0.08|0.02|Sulphide|
|Incl|57.0|61.0|4.0|1.17|0.18|0.01|0.19|0.08|0.02|Sulphide|
|JRC221|143.0|153.0|10.0|0.33|0.08|0.00|0.14|0.02|0.01|Sulphide|
|JRC221|161.0|187.0|26.0|0.47|0.09|0.00|0.13|0.03|0.01|Sulphide|
|JRC221|195.0|226.0|31.0|0.39|0.09|0.00|0.14|0.04|0.02|Sulphide|
|JRC221|273.0|278.0|5.0|0.34|0.08|0.01|0.13|0.06|0.02|Sulphide|
|JRC221|292.0|300.0|8.0|0.36|0.11|0.01|0.13|0.08|0.02|Sulphide|
|JRC222|0.0|31.0|31.0|2.50|1.16|0.13|0.29|0.26|0.03|Oxide|
|Incl|0.0|25.0|25.0|2.97|1.39|0.16|0.32|0.31|0.03|Oxide|
|JRC222|31.0|80.0|49.0|0.43|0.11|0.01|0.16|0.06|0.01|Sulphide|
|JRC222|103.0|196.0|93.0|0.54|0.12|0.04|0.15|0.10|0.01|Sulphide|
|Incl|108.0|123.0|15.0|1.07|0.19|0.12|0.15|0.31|0.01|Sulphide|
|JRC222|223.0|276.0|53.0|0.41|0.10|0.01|0.15|0.04|0.01|Sulphide|
|JRC223|6.0|29.0|23.0|1.78|0.44|0.04|0.16|0.22|0.05|Oxide|
|Incl|6.0|21.0|15.0|2.19|0.55|0.05|0.17|0.25|0.07|Oxide|
|and|26.0|28.0|2.0|2.21|0.50|0.03|0.28|0.29|0.02|Oxide|
|JRC223|33.0|158.0|125.0|0.58|0.13|0.01|0.14|0.05|0.01|Sulphide|
|JRC223|164.0|171.0|7.0|0.32|0.09|0.02|0.14|0.05|0.02|Sulphide|
|JRC223|180.0|200.0|20.0|0.66|0.13|0.02|0.20|0.05|0.02|Sulphide|
|JRC223|210.0|216.0|6.0|0.52|0.09|0.02|0.16|0.04|0.01|Sulphide|
|JRC223|234.0|297.0|63.0|0.41|0.09|0.01|0.16|0.04|0.01|Sulphide|
|JRC223A|5.0|30.0|25.0|1.87|0.45|0.03|0.18|0.21|0.07|Oxide|
|JRC223A|32.0|39.0|7.0|0.33|0.07|0.00|0.13|0.05|0.01|Sulphide|
|JRC223B|7.0|28.0|21.0|2.07|0.54|0.02|0.14|0.19|0.05|Oxide|
|JRC224|7.0|35.0|28.0|1.34|0.42|0.09|0.12|0.17|0.05|Oxide|
|Incl|8.0|23.0|15.0|2.05|0.64|0.15|0.10|0.22|0.08|Oxide|
|JRC224|32.0|128.0|96.0|0.65|0.14|0.01|0.15|0.08|0.02|Sulphide|
|Incl|91.0|98.0|7.0|2.02|0.41|0.01|0.26|0.18|0.02|Sulphide|
|JRC224|144.0|185.0|41.0|0.45|0.10|0.00|0.13|0.04|0.01|Sulphide|
|JRC224|192.0|206.0|14.0|0.44|0.09|0.00|0.12|0.05|0.01|Sulphide|
|JRC224|214.0|234.0|20.0|0.35|0.07|0.00|0.13|0.03|0.01|Sulphide|
|JRC224|246.0|252.0|6.0|0.31|0.08|0.01|0.10|0.04|0.01|Sulphide|
|JRC224|266.0|293.0|27.0|0.49|0.10|0.01|0.14|0.02|0.01|Sulphide|
|JRC225|4.0|36.0|32.0|1.58|0.39|0.07|0.11|0.15|0.09|Oxide|
|Incl|10.0|29.0|19.0|2.21|0.57|0.11|0.13|0.20|0.14|Oxide|
|JRC225|36.0|224.0|188.0|0.56|0.12|0.01|0.14|0.07|0.01|Sulphide|
|Incl|143.0|146.0|3.0|2.04|0.37|0.02|0.26|0.20|0.02|Sulphide|

----- End of picture text -----

22 Chalice Mining Limited

ASX:CHN OTCQB:CGMLF

==> picture [483 x 696] intentionally omitted <==

----- Start of picture text -----

||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|Hole ID|From|To|Interval|Pd|Pt|Au|Ni|Cu|Co|Geology|
|(m)|(m)|(m)*|(g/t)|(g/t)|(g/t)|(%)|(%)|(%)|
|and|204.0|210.0|6.0|1.39|0.26|0.00|0.26|0.12|0.02|Sulphide|
|and|219.0|222.0|3.0|1.22|0.24|0.00|0.26|0.16|0.02|Sulphide|
|JRC226|4.0|15.0|11.0|1.81|0.47|0.05|0.12|0.19|0.16|Oxide|
|Incl|7.0|15.0|8.0|2.26|0.58|0.06|0.14|0.24|0.22|Oxide|
|JRC226|18.0|25.0|7.0|1.04|0.24|0.05|0.14|0.13|0.03|Sulphide|
|Incl|18.0|22.0|4.0|1.39|0.33|0.07|0.13|0.16|0.04|Sulphide|
|JRC226|31.0|45.0|14.0|0.88|0.18|0.01|0.12|0.09|0.01|Sulphide|
|incl|32.0|34.0|2.0|1.16|0.22|0.02|0.12|0.04|0.01|Sulphide|
|and|39.0|41.0|2.0|1.31|0.20|0.01|0.19|0.08|0.02|Sulphide|
|JRC226|50.0|186.0|136.0|0.50|0.12|0.01|0.14|0.05|0.01|Sulphide|
|JRC226|226.0|300.0|74.0|0.50|0.10|0.01|0.16|0.03|0.01|Sulphide|
|JRC227|4.0|25.0|21.0|2.53|0.64|0.01|0.07|0.14|0.02|Oxide|
|Incl|9.0|22.0|13.0|3.76|0.91|0.00|0.08|0.14|0.03|Oxide|
|JRC227|59.0|69.0|10.0|0.60|0.15|0.01|0.24|0.06|0.02|Sulphide|
|Incl|74.0|76.0|2.0|1.45|0.25|0.01|0.70|0.58|0.04|Sulphide|
|JRC227|81.0|103.0|22.0|0.53|0.11|0.00|0.18|0.04|0.02|Sulphide|
|JRC227|115.0|152.0|37.0|1.13|0.24|0.11|0.11|0.18|0.01|Sulphide|
|Incl|129.0|140.0|11.0|2.14|0.51|0.08|0.12|0.11|0.01|Sulphide|
|JRC228|2.0|10.0|8.0|0.37|0.02|0.00|0.02|0.02|0.00|Oxide|
|JRC228|70.0|125.0|55.0|2.08|0.37|0.07|0.23|0.26|0.02|Sulphide|
|Incl|85.0|99.0|14.0|4.15|1.07|0.18|0.49|0.76|0.03|Sulphide|
|and|103.0|107.0|4.0|9.10|0.22|0.10|0.15|0.05|0.01|Sulphide|
|JRC228|134.0|160.0|26.0|0.43|0.12|0.02|0.15|0.08|0.01|Sulphide|
|JRC229D|40.0|77.0|37.0|0.61|0.13|0.00|0.16|0.05|0.02|Sulphide|
|JRC229D|127.0|175.0|48.0|0.76|0.21|0.02|0.15|0.05|0.01|Sulphide|
|Incl|127.0|129.0|2.0|1.08|0.82|0.04|0.19|0.24|0.01|Sulphide|
|and|157.0|159.0|2.0|6.58|1.18|0.20|0.14|0.13|0.02|Sulphide|
|JRC229D|186.0|252.0|66.0|1.56|0.29|0.17|0.16|0.27|0.02|Sulphide|
|Incl|195.0|203.0|8.0|4.55|0.67|0.17|0.36|0.14|0.04|Sulphide|
|and|206.0|216.0|10.0|1.98|0.51|0.68|0.13|1.15|0.01|Sulphide|
|and|242.0|252.0|10.0|2.56|0.43|0.08|0.15|0.09|0.01|Sulphide|
|JRC229D|281.0|306.0|25.0|1.49|0.34|0.17|0.13|0.14|0.01|Sulphide|
|Incl|294.0|306.0|12.0|2.54|0.55|0.32|0.15|0.19|0.02|Sulphide|
|JRC230|9.0|37.0|28.0|1.03|0.24|0.01|0.16|0.11|0.03|Oxide|
|Incl|10.0|17.0|7.0|2.26|0.51|0.02|0.14|0.21|0.04|Oxide|
|JRC230|43.0|76.0|33.0|0.49|0.11|0.02|0.15|0.09|0.02|Sulphide|
|JRC230|102.0|144.0|42.0|0.54|0.11|0.01|0.14|0.05|0.02|Sulphide|
|JRC230|149.0|228.0|79.0|0.60|0.15|0.01|0.17|0.06|0.02|Sulphide|

----- End of picture text -----

23 Chalice Mining Limited

ASX:CHN OTCQB:CGMLF

==> picture [483 x 696] intentionally omitted <==

----- Start of picture text -----

||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|Hole ID|From|To|Interval|Pd|Pt|Au|Ni|Cu|Co|Geology|
|(m)|(m)|(m)*|(g/t)|(g/t)|(g/t)|(%)|(%)|(%)|
|Incl|186.0|190.0|4.0|1.40|0.52|0.02|0.35|0.10|0.03|Sulphide|
|JRC230|241.0|297.0|56.0|0.51|0.11|0.02|0.15|0.08|0.01|Sulphide|
|Incl|276.0|279.0|3.0|2.38|0.24|0.04|0.24|0.11|0.02|Sulphide|
|JRC231|227.0|252.0|25.0|0.69|0.18|0.05|0.12|0.04|0.01|Sulphide|
|JRC233|0.0|12.0|12.0|0.86|0.09|0.00|0.01|0.02|0.00|Oxide|
|Incl|4.0|7.0|3.0|1.39|0.10|0.01|0.01|0.02|0.00|Oxide|
|JRC233|125.0|136.0|11.0|0.52|0.08|0.01|0.14|0.07|0.01|Sulphide|
|JRC233|177.0|283.0|106.0|0.56|0.17|0.03|0.15|0.08|0.01|Sulphide|
|Incl|264.0|266.0|2.0|1.39|0.65|0.05|0.15|0.21|0.02|Sulphide|
|JRC234|67.0|74.0|7.0|0.64|0.21|0.00|0.17|0.06|0.02|Sulphide|
|JRC234|90.0|117.0|27.0|0.52|0.11|0.00|0.14|0.03|0.01|Sulphide|
|JRC234|225.0|280.0|55.0|0.78|0.14|0.06|0.15|0.13|0.01|Sulphide|
|Incl|235.0|240.0|5.0|3.49|0.37|0.11|0.30|0.14|0.03|Sulphide|
|and|263.0|265.0|2.0|2.46|0.40|0.10|0.15|0.78|0.02|Sulphide|
|JRC234|303.0|316.0|13.0|0.77|0.26|0.05|0.12|0.04|0.01|Sulphide|
|Incl|306.0|308.0|2.0|1.34|0.28|0.02|0.14|0.04|0.01|Sulphide|
|JRC235|10.0|27.0|17.0|1.32|0.37|0.00|0.09|0.11|0.07|Oxide|
|Incl|15.0|27.0|12.0|1.67|0.42|0.00|0.12|0.14|0.10|Oxide|
|JRC235|27.0|139.0|112.0|0.73|0.16|0.01|0.18|0.11|0.02|Sulphide|
|Incl|55.0|60.0|5.0|1.45|0.27|0.01|0.18|0.22|0.02|Sulphide|
|and|80.0|95.0|15.0|1.18|0.24|0.02|0.27|0.12|0.02|Sulphide|
|and|114.0|117.0|3.0|1.55|0.38|0.02|0.51|0.62|0.05|Sulphide|
|JRC235|163.0|171.0|8.0|3.02|0.50|0.19|0.43|1.41|0.03|Sulphide|
|Incl|165.0|170.0|5.0|4.61|0.76|0.29|0.63|2.19|0.05|Sulphide|
|JRC236|21.0|31.0|10.0|0.96|0.16|0.00|0.14|0.10|0.16|Oxide|
|Incl|23.0|26.0|3.0|1.99|0.34|0.01|0.17|0.21|0.46|Oxide|
|JRC236|31.0|98.0|67.0|0.57|0.11|0.00|0.16|0.07|0.02|Sulphide|
|JRC236|134.0|161.0|27.0|0.58|0.13|0.00|0.16|0.10|0.01|Sulphide|
|JRC236|167.0|220.0|53.0|0.60|0.12|0.01|0.15|0.06|0.01|Sulphide|
|Incl|170.0|173.0|3.0|1.09|0.21|0.01|0.27|0.13|0.02|Sulphide|
|JRC238|3.0|9.0|6.0|0.48|0.08|0.00|0.04|0.01|0.00|Oxide|
|JRC238|109.0|113.0|4.0|0.81|0.82|0.01|0.14|0.07|0.01|Sulphide|
|JRC238|260.0|335.0|75.0|1.10|0.28|0.12|0.14|0.09|0.01|Sulphide|
|Incl|264.0|266.0|2.0|1.58|0.80|0.20|0.08|0.04|0.01|Sulphide|
|and|273.0|280.0|7.0|1.58|0.34|0.30|0.15|0.18|0.01|Sulphide|
|and|285.0|290.0|5.0|1.69|0.56|0.25|0.14|0.17|0.01|Sulphide|
|and|310.0|318.0|8.0|2.85|0.28|0.21|0.12|0.15|0.01|Sulphide|
|and|324.0|327.0|3.0|3.48|1.90|0.10|0.34|0.11|0.03|Sulphide|

----- End of picture text -----

24 Chalice Mining Limited

ASX:CHN OTCQB:CGMLF

==> picture [483 x 696] intentionally omitted <==

----- Start of picture text -----

||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|Hole ID|From|To|Interval|Pd|Pt|Au|Ni|Cu|Co|Geology|
|(m)|(m)|(m)*|(g/t)|(g/t)|(g/t)|(%)|(%)|(%)|
|JRC241|0.0|34.0|34.0|1.00|0.21|0.06|0.08|0.10|0.01|Oxide|
|Incl|0.0|12.0|12.0|1.93|0.39|0.03|0.08|0.07|0.01|Oxide|
|JRC241|34.0|46.0|12.0|0.35|0.08|0.01|0.16|0.10|0.02|Sulphide|
|JRC241|62.0|188.0|126.0|0.66|0.13|0.00|0.17|0.06|0.02|Sulphide|
|Incl|64.0|68.0|4.0|1.94|0.45|0.01|0.30|0.18|0.03|Sulphide|
|and|122.0|124.0|2.0|1.12|0.21|0.00|0.22|0.06|0.02|Sulphide|
|and|185.0|187.0|2.0|1.20|0.20|0.01|0.21|0.08|0.02|Sulphide|
|JRC241|225.0|252.0|27.0|0.50|0.12|0.00|0.16|0.03|0.02|Sulphide|
|JRC242|9.0|33.0|24.0|1.13|0.37|0.01|0.12|0.11|0.05|Oxide|
|Incl|12.0|27.0|15.0|1.49|0.52|0.02|0.13|0.14|0.08|Oxide|
|JRC242|33.0|71.0|38.0|0.47|0.09|0.00|0.15|0.04|0.02|Sulphide|
|JRC242|80.0|157.0|77.0|0.54|0.12|0.00|0.15|0.05|0.01|Sulphide|
|Incl|122.0|124.0|2.0|1.35|0.49|0.01|0.31|0.21|0.02|Sulphide|
|JRC242|192.0|199.0|7.0|0.35|0.08|0.00|0.12|0.01|0.01|Sulphide|
|JRC242|222.0|270.0|48.0|0.78|0.16|0.05|0.15|0.16|0.01|Sulphide|
|Incl|241.0|243.0|2.0|1.53|0.14|0.11|0.27|0.73|0.03|Sulphide|
|and|265.0|269.0|4.0|3.15|0.79|0.07|0.09|0.17|0.01|Sulphide|
|JRC243|0.0|6.0|6.0|0.33|0.03|0.01|0.03|0.02|0.00|Oxide|
|JRC243|13.0|37.0|24.0|0.66|0.13|0.01|0.12|0.08|0.02|Oxide|
|Incl|17.0|19.0|2.0|1.10|0.25|0.03|0.22|0.16|0.08|Oxide|
|JRC243|37.0|252.0|215.0|0.58|0.13|0.00|0.16|0.06|0.02|Sulphide|
|Incl|57.0|59.0|2.0|1.16|0.22|0.01|0.31|0.23|0.03|Sulphide|
|and|186.0|188.0|2.0|1.36|0.33|0.00|0.31|0.28|0.03|Sulphide|
|and|198.0|213.0|15.0|1.48|0.38|0.00|0.32|0.11|0.03|Sulphide|
|and|219.0|223.0|4.0|1.33|0.37|0.00|0.26|0.10|0.03|Sulphide|
|JRC244|3.0|36.0|33.0|0.79|0.22|0.03|0.10|0.11|0.02|Oxide|
|Incl|14.0|20.0|6.0|1.66|0.53|0.03|0.12|0.22|0.07|Oxide|
|JRC244|36.0|53.0|17.0|1.15|0.35|0.10|0.46|0.14|0.03|Sulphide|
|Incl|44.0|49.0|5.0|2.44|0.87|0.04|1.25|0.27|0.08|Sulphide|
|JRC244|175.0|192.0|17.0|0.52|0.11|0.00|0.15|0.04|0.01|Sulphide|
|JRC245|86.0|98.0|12.0|0.62|0.12|0.00|0.13|0.01|0.01|Sulphide|
|JRC245|124.0|139.0|15.0|0.41|0.11|0.00|0.14|0.06|0.01|Sulphide|
|JRC246|12.0|36.0|24.0|1.03|0.34|0.08|0.14|0.17|0.06|Oxide|
|Incl|14.0|29.0|15.0|1.40|0.47|0.11|0.14|0.23|0.08|Oxide|
|JRC246|38.0|50.0|12.0|0.67|0.16|0.03|0.14|0.10|0.01|Sulphide|
|JRC246|61.0|66.0|5.0|0.40|0.08|0.02|0.12|0.05|0.01|Sulphide|
|JRC246|96.0|132.0|36.0|0.60|0.12|0.01|0.15|0.07|0.02|Sulphide|
|Incl|97.0|99.0|2.0|1.09|0.21|0.01|0.20|0.08|0.02|Sulphide|

----- End of picture text -----

25 Chalice Mining Limited

ASX:CHN OTCQB:CGMLF

==> picture [483 x 696] intentionally omitted <==

----- Start of picture text -----

||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|Hole ID|From|To|Interval|Pd|Pt|Au|Ni|Cu|Co|Geology|
|(m)|(m)|(m)*|(g/t)|(g/t)|(g/t)|(%)|(%)|(%)|
|JRC246|142.0|195.0|53.0|0.64|0.15|0.00|0.17|0.08|0.02|Sulphide|
|Incl|156.0|160.0|4.0|1.49|0.41|0.01|0.25|0.16|0.02|Sulphide|
|and|190.0|192.0|2.0|1.35|0.23|0.00|0.26|0.09|0.02|Sulphide|
|JRC246|215.0|234.0|19.0|0.34|0.07|0.00|0.15|0.04|0.01|Sulphide|
|JRC246|241.0|247.0|6.0|0.58|0.12|0.00|0.14|0.05|0.01|Sulphide|
|JRC247|6.0|19.0|13.0|0.76|0.24|0.01|0.05|0.08|0.00|Oxide|
|Incl|14.0|17.0|3.0|1.43|0.45|0.01|0.08|0.15|0.01|Oxide|
|JRC247|29.0|37.0|8.0|0.71|0.17|0.01|0.13|0.07|0.02|Oxide|
|JRC247|48.0|192.0|144.0|0.56|0.12|0.00|0.15|0.07|0.02|Sulphide|
|Incl|180.0|183.0|3.0|1.72|0.50|0.01|0.35|0.12|0.03|Sulphide|
|JRC247|199.0|211.0|12.0|0.56|0.10|0.00|0.11|0.04|0.01|Sulphide|
|JRC247|232.0|250.0|18.0|0.56|0.12|0.00|0.13|0.08|0.01|Sulphide|
|JRC248|5.0|27.0|22.0|0.83|0.19|0.09|0.11|0.10|0.02|Oxide|
|Incl|10.0|17.0|7.0|1.57|0.38|0.25|0.14|0.17|0.04|Oxide|
|JRC248|30.0|36.0|6.0|0.47|0.08|0.03|0.10|0.33|0.01|Oxide|
|JRC248|36.0|81.0|45.0|0.75|0.16|0.02|0.16|0.07|0.02|Sulphide|
|Incl|36.0|38.0|2.0|1.23|0.23|0.03|0.17|0.05|0.02|Sulphide|
|and|48.0|52.0|4.0|1.23|0.23|0.02|0.18|0.04|0.02|Sulphide|
|and|70.0|72.0|2.0|1.05|0.23|0.04|0.21|0.11|0.02|Sulphide|
|JRC248|92.0|211.0|119.0|0.76|0.16|0.01|0.19|0.09|0.02|Sulphide|
|Incl|157.0|161.0|4.0|1.25|0.26|0.03|0.34|0.23|0.03|Sulphide|
|and|164.0|167.0|3.0|1.26|0.30|0.02|0.25|0.23|0.03|Sulphide|
|and|189.0|196.0|7.0|3.76|0.80|0.01|0.78|0.12|0.08|Sulphide|
|JRC248|241.0|250.0|9.0|0.66|0.14|0.00|0.12|0.05|0.01|Sulphide|
|JRC249|15.0|38.0|23.0|0.94|0.32|0.01|0.15|0.13|0.02|Oxide|
|Incl|20.0|29.0|9.0|1.57|0.60|0.01|0.17|0.17|0.03|Oxide|
|JRC249|42.0|48.0|6.0|0.36|0.09|0.01|0.14|0.06|0.02|Sulphide|
|JRC249|73.0|178.0|105.0|0.58|0.11|0.01|0.16|0.07|0.02|Sulphide|
|Incl|123.0|128.0|5.0|1.24|0.23|0.01|0.28|0.21|0.02|Sulphide|
|JRC249|188.0|192.0|4.0|0.35|0.07|0.00|0.11|0.03|0.01|Sulphide|
|JRC253|14.0|29.0|15.0|0.55|0.13|0.02|0.12|0.10|0.02|Oxide|
|JRC253|30.0|44.0|14.0|0.65|0.16|0.04|0.13|0.12|0.01|Sulphide|
|JRC253|64.0|79.0|15.0|0.66|0.13|0.03|0.13|0.08|0.01|Sulphide|
|JRC253|92.0|112.0|20.0|0.68|0.14|0.02|0.14|0.04|0.01|Sulphide|
|JRC253|117.0|248.0|131.0|0.61|0.13|0.01|0.16|0.06|0.02|Sulphide|
|Incl|191.0|194.0|3.0|1.11|0.20|0.00|0.26|0.16|0.03|Sulphide|
|and|213.0|217.0|4.0|1.17|0.24|0.01|0.29|0.09|0.03|Sulphide|
|and|224.0|227.0|3.0|1.14|0.24|0.00|0.23|0.10|0.02|Sulphide|

----- End of picture text -----

26 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)	(%)	(%)	(%)
JRC254	32.0	60.0	28.0	0.54	0.13	0.04	0.13	0.14	0.02	Sulphide
JRC254	69.0	158.0	89.0	0.63	0.12	0.02	0.15	0.08	0.01	Sulphide
Incl	98.0	100.0	2.0	1.22	0.22	0.02	0.19	0.04	0.02	Sulphide
and	128.0	130.0	2.0	1.18	0.21	0.02	0.20	0.10	0.02	Sulphide
JRC255	7.0	22.0	15.0	0.67	0.03	0.00	0.04	0.07	0.01	Oxide
JRC255	30.0	41.0	11.0	0.70	0.15	0.03	0.20	0.12	0.02	Oxide
JRC255	50.0	75.0	25.0	0.83	0.20	0.03	0.18	0.19	0.02	Sulphide
Incl	72.0	75.0	3.0	1.84	0.51	0.03	0.21	0.19	0.02	Sulphide
JRC255	106.0	122.0	16.0	0.36	0.08	0.02	0.16	0.06	0.01	Sulphide
JRC255	127.0	157.0	30.0	1.08	0.11	0.03	0.19	0.08	0.02	Sulphide
Incl	127.0	129.0	2.0	4.36	0.25	0.03	0.58	0.35	0.05	Sulphide
and	139.0	142.0	3.0	2.88	0.20	0.04	0.26	0.18	0.02	Sulphide
and	153.0	155.0	2.0	1.33	0.09	0.08	0.14	0.12	0.02	Sulphide
JRC255	164.0	179.0	15.0	1.38	0.39	0.06	0.15	0.07	0.01	Sulphide
Incl	168.0	176.0	8.0	2.26	0.65	0.09	0.17	0.11	0.02	Sulphide
JRC256	27.0	36.0	9.0	0.40	0.11	0.06	0.13	0.14	0.01	Oxide
JRC256	36.0	41.0	5.0	0.71	0.16	0.02	0.15	0.08	0.02	Sulphide
JRC256	60.0	178.0	118.0	0.58	0.13	0.04	0.13	0.10	0.01	Sulphide
Incl	63.0	65.0	2.0	1.08	0.28	0.02	0.12	0.06	0.01	Sulphide
and	163.0	169.0	6.0	1.17	0.27	0.03	0.19	0.13	0.02	Sulphide
JRC256	207.0	249.0	42.0	0.51	0.10	0.01	0.15	0.11	0.02	Sulphide
JRC256	267.0	279.0	12.0	0.40	0.09	0.00	0.14	0.02	0.01	Sulphide
JRC256	287.0	300.0	13.0	0.36	0.07	0.00	0.13	0.03	0.01	Sulphide

Table 2. 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	(°)	(°)
JD037	Core	424897.5	6512321.5	235.2	524.1	GPS-RTK	89.0	-67.8	Reported
JD041	Core	425281.9	6512283.9	235.9	243.8	GPS-RTK	88.7	-59.8	Reported
JD042	Core	425430.8	6512245.3	241.2	170.6	GPS-RTK	90.7	-60.2	Reported
JD043	Core	424946.5	6512089.8	236.6	367.0	GPS-RTK	88.7	-60.5	Reported
JD044	Core	425374.2	6512243.5	238.1	144.9	GPS-RTK	88.9	-60.0	Reported
JD045	Core	425611.5	6512777.3	248.6	279.6	GPS-RTK	271.9	-80.4	Reported
JD046	Core	425578.7	6512739.6	249.0	302.6	GPS-RTK	90.0	-60.0	Reported
JD047	Core	425348.8	6512239.5	237.1	203.4	GPS-RTK	90.0	-60.0	Reported
JD048	Core	425082.9	6511958.7	233.3	252.2	GPS-RTK	89.0	-60.5	Reported
JD049	Core	425250.3	6512240.9	234.4	223.8	GPS-RTK	90.0	-60.0	Reported
JD050	Core	425444.6	6512520.0	243.1	354.9	GPS-RTK	231.2	-65.3	Reported
JD051	Core	425488.3	6512920.2	256.6	381.6	GPS-RTK	88.2	-60.2	Reported

27 Chalice Mining Limited

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==> picture [483 x 696] intentionally omitted <==

----- Start of picture text -----

|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|Hole ID|Type|Easting|Northing|RL|Depth|Survey|Azi|Dip|Assay status|
|(m)|(m)|(m)|(m)|type|(°)|(°)|
|JD052|Core|425143.0|6512471.4|240.6|408.9|GPS-RTK|89.8|-59.4|Reported|
|JD053|Core|425217.0|6512241.4|233.9|264.8|GPS-RTK|90.0|-60.0|Reported|
|JD054|Core|425256.3|6512110.5|231.0|186.5|GPS-RTK|91.0|-72.5|Reported|
|JD055|Core|425173.4|6512242.0|233.6|289.5|GPS-RTK|88.5|-59.8|Reported|
|JD056|Core|425578.5|6512651.8|246.5|256.4|GPS-RTK|90.6|-60.1|Reported|
|JRC192|RC|425457.9|6512394.3|243.3|180.0|GPS-RTK|91.4|-59.2|Reported|
|JRC193|RC|425377.4|6512475.6|240.6|238.0|GPS-RTK|90.4|-63.4|Reported|
|JRC194|RC|425459.7|6512554.7|244.5|240.0|GPS-RTK|90.9|-59.7|Reported|
|JRC195|RC|425422.5|6512394.7|241.3|186.0|GPS-RTK|92.6|-58.8|Reported|
|JRC196|RC|425376.1|6512558.8|243.2|276.0|GPS-RTK|91.5|-60.0|Reported|
|JRC197|RC|425337.1|6512475.8|239.9|264.0|GPS-RTK|90.0|-62.6|Reported|
|JRC198|RC|425258.5|6512394.9|238.6|258.0|GPS-RTK|90.2|-59.0|Reported|
|JRC199|RC|425219.8|6512393.5|238.8|300.0|GPS-RTK|94.4|-59.5|Reported|
|JRC200|RC|425299.1|6512475.7|239.8|252.0|GPS-RTK|88.0|-58.9|Reported|
|JRC201|RC|425008.3|6512045.7|234.6|303.0|GPS-RTK|91.3|-60.0|Reported|
|JRC202|RC|425259.0|6512472.2|240.9|264.0|GPS-RTK|89.8|-58.5|Reported|
|JRC203|RC|425339.7|6512560.7|243.0|285.0|GPS-RTK|89.7|-60.0|Reported|
|JRC204|RC|425178.8|6512393.6|239.6|324.0|GPS-RTK|90.2|-60.1|Reported|
|JRC205|RC|425215.7|6512472.8|241.6|252.0|GPS-RTK|90.0|-58.6|Reported|
|JRC206|RC|425178.9|6512472.1|241.3|248.0|GPS-RTK|90.3|-61.3|Reported|
|JRC207|RC|425135.9|6512395.8|239.8|252.0|GPS-RTK|88.5|-60.5|Reported|
|JRC208|RC|425411.4|6512556.7|244.0|255.0|GPS-RTK|92.7|-59.7|Reported|
|JRC209|RC|425257.9|6512562.4|244.1|249.0|GPS-RTK|91.8|-59.3|Reported|
|JRC210|RC|425142.8|6512471.6|240.7|35.0|GPS-RTK|90.0|-60.0|Reported|
|JRC211|RC|425092.9|6512391.7|238.6|252.0|GPS-RTK|92.1|-60.5|Reported|
|JRC212|RC|425097.6|6512473.0|239.6|222.0|GPS-RTK|91.6|-60.1|Reported|
|JRC213|RC|425322.4|6512562.2|242.5|292.0|GPS-RTK|87.5|-74.9|Reported|
|JRC214|RC|425056.9|6512390.9|237.3|252.0|GPS-RTK|92.1|-60.5|Reported|
|JRC215|RC|425020.8|6512389.6|235.7|270.0|GPS-RTK|91.7|-61.1|Reported|
|JRC216|RC|425020.2|6512470.6|237.3|270.0|GPS-RTK|92.0|-60.1|Reported|
|JRC217|RC|425211.8|6512557.3|243.5|243.0|GPS-RTK|88.7|-59.1|Reported|
|JRC219|RC|425197.7|6512325.0|236.2|252.0|GPS-RTK|91.1|-59.2|Reported|
|JRC220|RC|425180.9|6512557.6|242.9|300.0|GPS-RTK|92.0|-59.7|Reported|
|JRC221|RC|425177.7|6512650.4|246.4|300.0|GPS-RTK|89.5|-60.7|Reported|
|JRC222|RC|425120.2|6512324.4|239.0|306.0|GPS-RTK|88.8|-59.3|Reported|
|JRC223|RC|425134.7|6512560.2|242.4|297.0|GPS-RTK|92.8|-60.1|Reported|
|JRC224|RC|425137.0|6512649.3|246.3|300.0|GPS-RTK|90.1|-61.8|Reported|
|JRC225|RC|425096.8|6512650.3|246.2|234.0|GPS-RTK|89.4|-60.7|Reported|

----- End of picture text -----

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	(°)	(°)
JRC226	RC	425096.2	6512556.7	241.8	300.0	GPS-RTK	89.3	-60.1	Reported
JRC227	RC	425501.0	6512821.8	255.6	306.0	GPS-RTK	89.3	-60.0	Reported
JRC228	RC	425495.2	6512743.1	255.0	246.0	GPS-RTK	90.4	-60.7	Reported
JRC229D	RC-	425457.5	6512821.6	259.1	387.8	GPS-RTK	88.4	-60.8	Reported
	Core
JRC230	RC	425055.0	6512557.4	241.2	297.0	GPS-RTK	89.1	-60.8	Reported
JRC231	RC	425456.6	6512745.3	256.0	270.0	GPS-RTK	89.9	-60.3	Reported
JRC233	RC	425418.7	6512745.8	255.2	300.0	GPS-RTK	90.7	-59.2	Reported
JRC234	RC	425421.7	6512823.0	260.0	342.0	GPS-RTK	90.1	-60.7	Reported
JRC235	RC	425378.6	6512745.4	253.6	252.0	GPS-RTK	90.3	-60.0	Reported
JRC236	RC	425297.4	6512745.1	251.5	251.0	GPS-RTK	90.4	-59.8	Reported
JRC238	RC	425473.1	6512861.7	258.4	348.0	GPS-RTK	90.2	-60.8	Reported
JRC241	RC	425214.3	6512742.7	253.2	252.0	GPS-RTK	83.0	-60.1	Reported
JRC242	RC	425307.4	6512820.4	256.6	270.0	GPS-RTK	89.1	-60.3	Reported
JRC243	RC	425255.3	6512816.0	258.9	252.0	GPS-RTK	91.4	-59.7	Reported
JRC244	RC	425173.3	6512742.2	253.1	192.0	GPS-RTK	80.9	-61.7	Reported
JRC245	RC	425357.4	6512865.7	260.3	139.0	GPS-RTK	90.6	-58.2	Reported
JRC246	RC	425133.3	6512742.3	252.7	252.0	GPS-RTK	89.8	-60.4	Reported
JRC247	RC	425216.2	6512825.3	261.1	250.0	GPS-RTK	87.9	-60.9	Reported
JRC248	RC	425062.0	6512744.0	254.4	250.0	GPS-RTK	88.6	-61.0	Reported
JRC249	RC	425181.1	6512826.6	261.4	192.0	GPS-RTK	90.8	-60.9	Reported
JRC253	RC	425077.2	6512821.7	261.1	258.0	GPS-RTK	87.2	-55.1	Reported
JRC254	RC	425061.0	6512821.4	260.6	159.0	GPS-RTK	89.4	-60.5	Reported
JRC255	RC	425539.2	6512741.3	251.8	225.0	GPS-RTK	91.7	-61.0	Reported
JRC256	RC	425006.0	6512820.9	260.3	300.0	GPS-RTK	93.0	-59.3	Reported
JRC257	RC	425126.6	6513592.8	260.5	213.0	GPS-RTK	91.1	-60.3	Reported (NSA)

NSA = No significant assay

29 Chalice Mining Limited

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Appendix: JORC Table 1

A-1 Section 1 Sampling Techniques and Data

Criteria	JORC Code explanation	JORC Code explanation	Commentary	Commentary
Sampling		• Nature and quality of sampling (eg.		• Diamond drill core samples were
techniques		cut channels, random chips, or		taken over selective intervals
		specific specialised industry standard		ranging from 0.2m to 1.2m
		measurement tools appropriate to		(typically 1.0m). Qualitative care
		the minerals under investigation, such		taken when sampling diamond
		as down hole gamma sondes, or		drill core to sample the same half
		handheld XRF instruments, etc). These		of the drill core.
		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
		• Include reference to measures taken		were collected as a split from the
		to ensure sample representivity and		rig cyclone using a cone splitter
		the appropriate calibration of any		and are typically 3kg in 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 biasmayhave occurred dueto		samples were recorded on a qualitative basis. Sample weights were slightly lower through transported cover

30

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Criteria	JORC Code explanation	JORC Code explanation	Commentary	Commentary
		preferential loss/gain of fine/coarse		whereas drilling through bedrock
		material.		yielded samples with more consistent
				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, structure,
		appropriate Mineral Resource estimation,		texture, alteration and mineralisation.
		mining studies and metallurgical studies.		Logging was at an appropriate
	•	Whether logging is qualitative or quantitative in nature. Core (or costean,		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

31 Chalice Mining Limited

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Criteria	JORC Code explanation	JORC Code explanation	Commentary	Commentary
				ore-grade analysis was performed as
				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.

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||||||
|---|---|---|---|---|
|Criteria|JORC Code explanation|Commentary|
|Orientation of|•|Whether the orientation of sampling|•|RC and Diamond drill holes were|
|data in|achieves unbiased sampling of possible|typically oriented within 15° of|
|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|mineralisation. However, several holes|
|orientation and the orientation of key|were drilled at less optimal azimuths|
|mineralised structures is considered to|due to site access constraints or to test|
|have introduced a sampling bias, this|for alternative mineralisation|
|should be assessed and reported if|orientations. Only holes JD045 and|
|material.|JD050 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.|

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A-2 Section 2 Reporting of Exploration Results

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||||||
|---|---|---|---|---|
|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|•|E70/5119 partially overlaps ML1SA, a|
|time of reporting along with any known|
|State Agreement covering Bauxite|
|impediments to obtaining a licence to|
|mineral rights only|
|operate in the area.|
|•|
|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,|

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Criteria	JORC Code explanation	JORC Code explanation	Commentary	Commentary
				Cr, Pb and Zn, results of which are
				referred to in this announcement.
			•	Three diamond holes were completed
				by Bestbet Pty Ltd targeting Fe-Ti-V
				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	•	Metal equivalent values are not reported.

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Criteria	JORC Code explanation	JORC Code explanation	Commentary	Commentary
		examples of such aggregations should
		be shown in detail.
	•	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 JD045 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’).		JD050 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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