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CHALICE MINING LIMITED — Capital/Financing Update 2025
Aug 27, 2025
64649_rns_2025-08-27_10a850b2-b287-4c60-905d-41828a7e09ce.pdf
Capital/Financing Update
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ASX Announcement
28 August 2025
Annual Issue of Employee Incentives
Chalice Mining Limited (“Chalice” or “the Company”, ASX: CHN) advises it has issued 2,102,618 performance rights (“Performance Rights”) and 3,564,560 options (“Options”) to Key Management Personnel and employees of the Company under the terms of the Employee Securities Incentive Plan (“Plan”).
The Company has continued its shift toward incentive arrangements with a greater equity component in lieu of cash based remuneration, reflecting our focus on preserving cash and further strengthening alignment with shareholders.
The Performance Rights and Options are subject to performance and vesting conditions as determined by the Board. The Options have the following key terms:
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a) Exercise Price: $2.60
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b) Vesting Date: 26 August 2027
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c) Expiry Date 26 August 2028
Alex Dorsch, Managing Director and Chief Executive Officer, has been awarded, 394,627 Performance Rights and 588,676 Options under the same terms and conditions. The issuance of the Performance Rights and Options to Mr Dorsch are conditional upon receiving shareholder approval, which will be sought at the Company’s 2025 Annual General Meeting.
In addition, the non-executive directors, in parallel with a 10% salary reduction, have been awarded a total of 800,000 Options under the same terms and conditions. The issuance of the Options to the non-executive directors is conditional upon receiving shareholder approval, which will also be sought at the Company’s 2025 Annual General Meeting.
Post issuance, the total number of incentives on issue under the Company’s employee incentive plans (including previous years) will be 12,430,019 representing ~3.2% of fully paid ordinary shares on issue.
A separate “Notification Regarding Unquoted Securities” will be released to the ASX following this announcement, providing further information regarding the Performance Rights and Options. Additionally, further information relating to the performance and vesting conditions will be available in the 2025 Annual Report to be released in September.
This announcement has been authorised for release by the Disclosure Committee.
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Registered Office ABN 47 116 648 956 Level 3, 46 Colin Street, West Perth WA 6005, Australia PO Box 428, West Perth WA 6872
[email protected] www.chalicemining.com
@chalicemining chalice-mining
T: +61 8 9322 3960
For further information, please visit www.chalicemining.com, or contact:
Corporate Enquiries
Ben Goldbloom GM Corporate Development Chalice Mining Limited +61 8 9322 3960 [email protected]
Media Enquiries
Follow our communications
Nicholas Read LinkedIn: chalice-mining Principal and Managing Director Twitter: @chalicemining Read Corporate Investor Relations +61 8 9388 1474 [email protected]
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Chalice Mining Limited
ASX:CHN