CHALICE MINING LIMITED — Investor Presentation 2023

May 14, 2023

ASX Announcement

15 May 2023

Investor Presentation and Webcast – Resources Rising Stars Conference

7am AWST, Tuesday 16 May 2023

Chalice Mining Limited (“Chalice” or “the Company”, ASX: CHN | OTCQB: CGMLF) advises that Chris MacKinnon, Chief Financial Officer, will provide an Investor Presentation at the Resources Rising Stars Gold Coast Conference at 9.00am (AEST) / 7.00am (AWST), Tuesday, 16 May 2023.

A copy of the presentation is attached and is also available on the Company’s website.

Webcast

Shareholders and investors who wish to listen to the live webcast can register via the link below:

https://www.bigmarker.com/series/resources-rising-stars-2023-/series_summit

Please note that it is recommended that you log in at least five minutes before the scheduled commencement time.

Participants can also register to attend in person at www.rrsinvestor.com

Authorised for release by the Disclosure Committee.

For further information, please visit www.chalicemining.com, or contact:

Corporate Enquiries

Alex Dorsch Managing Director and CEO Chalice Mining Limited +61 8 9322 3960 info@chalicemining.com

Media Enquiries

Follow our communications

Nicholas Read LinkedIn: chalice-mining Principal and Managing Director Twitter: @chalicemining Read Corporate Investor Relations +61 8 9388 1474 info@readcorporate.com.au

Registered Office ABN 47 116 648 956 Level 3, 46 Colin Street, West Perth WA 6005, Australia PO Box 428, West Perth WA 6872

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

T: +61 8 9322 3960

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ASX: CHN | OTCQB: CGMLF

The Julimar Ni-Cu-PGE Project – the right metals at the right time in Western Australia

Resources Rising Stars Conference

16 May 2023

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Forward looking statements and competent person(s) disclosure

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This presentation does not provide investment or financial product advice and does not include all available Information on Chalice Mining Limited and should not be used in isolation as a guide to investing in the Company. This presentation is not a prospectus, disclosure document or other offering document under Australian law or under any other law. It is provided for information purposes and is not an invitation nor offer of shares or recommendation for subscription, purchase or sale in any jurisdiction. This presentation does not purport to contain all the information that a prospective investor may require in connection with any potential investment in the Company. Any potential investor should also refer to Chalice Mining Limited’s Annual Reports, ASX/OTCQB releases, and take independent professional advice before considering investing in the Company. For further information about Chalice Mining Limited, visit our website at chalicemining.com

Forward-Looking Statement

This presentation may contain forward-looking statements and forward information, including 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 announcement 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 impact of the discovery on the Julimar Project’s capital payback; the Company’s strategy and objectives; the realisation of mineral resource estimates; the likelihood of further exploration success; the timing of planned exploration and study activities on the Company’s projects; mineral processing strategy; access to sites for planned drilling activities; and the success of future potential mining operations and the timing of the receipt of exploration results. In certain cases, forward-looking statements can be identified by the use of words such as, “commitment” or “committed”, “considered”, “could”, “estimate”, “expected”, “for”, “further”, “future”, “goal”, “indicates”, “is”, “likely”, “may”, “needs”, “open”, “optionality”, “plan” or “planned”, “points”, “possible”, “potential”, “promising”, “strategy”, “upside”, “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 forwardlooking statements. Such factors may include, among others, risks related to actual results of current or planned exploration activities; whether geophysical and geochemical anomalies are related to economic mineralisation or some other feature; whether visually identified mineralisation is confirmed by laboratory assays; obtaining appropriate approvals to undertake exploration activities; metal grades being realised; metallurgical recovery rates being realised; 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 study programs and budgets based upon the results and outcomes, successful completion of the strategic partnering process; changes in commodity prices; economic conditions; political and social risks, accidents, labour disputes and other risks of the mining industry; delays or difficulty in obtaining governmental approvals, necessary licences, permits or financing to undertake future mining development activities; changes to the regulatory framework within which Chalice operates or may in the future; movements in the share price of investments and the timing and proceeds realised on future disposals of investments 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 the 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.

Authorisation

This presentation has been authorised for release by the Disclosure Committee.

Disclaimer

Whilst care has been exercised in preparing and presenting this presentation, to the maximum extent permitted by law, the Company and its representatives:

• Make no representation, warranty or undertaking, express or implied, as to the adequacy, accuracy, completeness or reasonableness of this Presentation;

• Accept no responsibility or liability as to the adequacy, accuracy, completeness or reasonableness of this Presentation; and

• Accept no responsibility for any errors or omissions from this Presentation.

Reliance on Third Party Information

The views expressed in this presentation contain information that has been derived from third party sources that have not been independently verified. No representation or warranty is made as to the accuracy, completeness or reliability of the information. This presentation should not be relied upon as a recommendation or forecast by Chalice.

Mineral Resources Reporting Requirements

As an Australian Company with securities quoted on the Australian Securities Exchange (ASX), Chalice is subject to Australian disclosure requirements and standards, including the requirements of the Corporations Act 2001 and the ASX. Investors should note that it is a requirement of the ASX listing rules that the reporting of mineral resources in Australia is in accordance with the JORC Code and that Chalice’s mineral resource estimates comply with the JORC Code. The requirements of JORC Code differ in certain material respects from the disclosure requirements of United States securities laws. The terms used in this announcement are as defined in the JORC Code. The definitions of these terms differ from the definitions of such terms for purposes of the disclosure requirements in the United States.

Competent Persons Statement

The Information in this presentation that relates to previously reported exploration results for the Julimar Project is extracted from the following ASX announcements:

• “High-grade nickel-copper-palladium sulphide intersected at Julimar Project in WA”, 23 March 2020

• “New Mineralised Zone Intersected at Dampier Target”, 7 July 2022

• “Seismic identifies potential 1.6km extension of Gonneville”, 6 September 2022

• “Major northern extension of Gonneville Intrusion confirmed”, 19 October 2022

• “Outstanding wide high-grade intersections north of Gonneville”, 23 November 2022

• “Promising new sulphide mineralisation at the Hooley Prospect”, 8 December 2022

• “Julimar flowsheet development and scoping update”, 13 December 2022

• “Further early-stage exploration success north of Gonneville”, 3 May 2023

• The information in this presentation that relates to Mineral Resources has been extracted from the ASX announcement titled:

• “Gonneville Resource increases by approx. 50% to 3Mt NiEq”, 28 March 2023.

The above announcements are available to view on the Company’s website at chalicemining.com

The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcements and, in the case of Mineral Resources, that all material assumptions and technical parameters underpinning the estimates in the original release continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the relevant original market announcements. Refer to the attached Appendices for further information on the Mineral Resource Estimate and metal equivalents.

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A globally recognised name in minerals exploration

A team with a track record of finding mines (Flying Fox, Spotted Quoll, Tropicana) and rewarding shareholders

High-performance, results driven culture that is values driven

Our purpose – to find the metals needed to decarbonise the world (the green metals )

Our aspiration – to create a world class, multi-district green metals province in the West Yilgarn Province

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Chalice is a leading ASX200 green metals explorer-developer with a track record of creating shareholder value

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Our Achievements

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• ~4,600% total return to shareholders since Julimar discovery in March 2020

• World class Julimar Ni-Cu-PGE discovery recognised with PDAC Thayer Lindsley Award (2023) and AMEC Prospector of the Year Award (2022)

• Chalice recognised as RIU Craig Oliver Award (2021) MNN Explorer of the Year (2021) and D&D Emerging Company of the Year (2021)

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Board of Directors
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Derek Alex Morgan Garret Stephen Linda Jo
La Ferla Dorsch Ball Dixon McIntosh Kenyon Gaines
Chairman Managing Director Non-Executive Non-Executive Non-Executive Non-Executive Non-Executive
and Chief Director Director Director Director Director
Executive Officer
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Corporate snapshot - ASX: CHN

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9%
Top Shareholders [4]
Market Capitalisation [1] 9%
Tim Goyder (Founder)
~A$2.9Bn
Shares 37% 5% Goldman Sachs
on issue [3] 2% BlackRock
376m Directors & Mgmt.
Cash balance [2]
Other Institutions
~A$150m Retail & HNWI
38%
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Research coverage
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1 As of 10 May 2023; 2 Forecast cash position upon completion of the ~$70M placement on 19 May 2023; 3 Excludes 9.59M shares to be issued upon settlement of the placement on 19 May 2023. 4As of 30 April 2023 or as disclosed in the last substantial shareholding notice given to the Company. Note: Arctis Global disclosed a long equity derivative position of 46,728,282 shares on 10 Nov 2022.

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–

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A tier-1 scale magmatic sulphide Resource:
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16Moz 3E [2]
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A strategic, large-scale Resource with rare mix of critical minerals in sulphide mineralogy

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Green metals at Julimar are essential for decarbonisation technologies like batteries, electric vehicles and hydrogen

100% owned by Chalice and located in WA, one of the world’s most attractive mining jurisdictions

Strategy to explore and develop in parallel; formal strategic partnering process commenced

Direct access to major highway, rail, power, port infrastructure as well as a large local workforce

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Resource on Chalice-owned farmland occupies just ~2km newly recognised >30km long Julimar Complex

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1 Refer to full Mineral Resource Statement in Appendix5
2 3E = Palladium (Pd) + Platinum (Pt) + Gold (Au)
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Julimar is capturing attention as a strategic asset for Australia and the western world, given its rare palladium-nickel-cobalt content

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Global Palladium and Nickel Primary Supply
Market Share (2021)
Russia Russia
38% 11%
Russia accounts for ~20%
of class 1 (battery grade)
nickel production
North
America
15%
North Philippines
America
13%
7%
Indonesia
30%
South
Africa
38%
Julimar
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Julimar is the first major PGE discovery in Australia and one of the few recent large-scale magmatic NiCu-PGE discoveries in the western world

Pd, Pt, Ni and Co are classified as ‘critical minerals’ by most western governments

The western world is extremely reliant on Russian Palladium supply (~40% of global supply)

Located in one of the world’s most stable and friendly mining jurisdictions with a commitment to sustainable devel ~~o~~ pment

The Australian Government has committed >$1 billion to accelerate strategically significant projects and strengthen internal critical mineral security and supply chains[(1)]

Strategic partner interest[(2)] in Julimar’s large nickel sulphide endowment has increased significantly, triggered by the US Inflation Reduction Act (IRA)

Source: ‘Provision of PGM market intelligence and long-term metal price forecasts’ SFA Oxford, March 2021

‘Distribution of mine production of nickel worldwide in 2020*, by country’, Statista, February 2022 (1) ‘2022 Critical Minerals Strategy’ Department of Industry, Science, Energy and Resources, Australian Government, March 2022. (2) Discussions with potential partners are preliminary in nature, a formal partnering process is underway

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The need to decarbonise the global economy will underpin long-term demand for the green metals at Julimar

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Hydrogen Electric Hybrid Energy SemiWind & Importance of metals Vehicles Vehicles Storage conductors Solar PV

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Nickel and Cobalt

• Key industrial and electrification metals with unique chemical properties

• ~3Mt p.a. Ni market, supply dominated by carbon intensive, high environmental impact laterite sources, significant deficit forecast

• ~0.2Mt p.a. Co market, supply dominated by Democratic Republic of Congo with humanitarian challenges

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Copper

• Key industrial and electrification metal with high conductivity

• ~26Mt p.a. market, with severe lack of recent large-scale discoveries resulting in a significant deficit forecast

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Platinum and Palladium

• Extremely rare (precious) metals with highly versatile catalytic properties, used in emissions reduction technologies such as catalytic converters and in hydrogen electrolysers and fuel cells

• ~11Moz p.a. Pd market in prolonged deficit, supply dominated by Russia

• ~7Moz p.a. Pt market, supply dominated by South Africa

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Source: IEA “The Role of Critical World Energy Outlook Special Report Minerals in Clean Energy Transitions” March 2022; S&P Global, CBS Reports, Jan 2023; SFA Oxford, ‘Provision of PGM market intelligence and long-term metal price forecasts’, SFA Oxford, Mar 2021; Johnson Matthey, ‘PGM market report’, May 2021

The Gonneville Resource recently increased by ~50% to ~3Mt NiEq , confirming the world-class scale and quality of the deposit

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3.5
3.0
0.3
0.3
2.5
1.4
0.4
2.0
0.7
1.5
1.0
1.0
1.6
1.4
0.5
0.9
0.0
MRE1 Nov-21 MRE2 Jul-22 Open pit Underground Reduced cut- MRE3 Mar-23
increase increase off
Measured Indicated Inferred Increase
Nickel Equivalent tonnes contained (Mt NiEq)
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• « An additional 260 drill holes incorporated in the updated Resource, increasing the contained metal by ~18% in-pit and ~16% in underground category

• « Additional ~14% increase driven by slightly reduced open-pit cut-off grade (0.40% NiEq to 0.35% NiEq), based on updated metallurgical and economic inputs

Improved flotation recoveries still being investigated through flotation tails leaching and staged grinding – work is ongoing and has not been incorporated into this resource update

• «

• Underground growth driven by potential for bulk underground mining (sub level caving) and additional wide-spaced step-out holes.

• «

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1 Refer to full Mineral Resource Statement in Appendix

The tier-1 scale, near-surface Resource has high-grade optionality and compelling growth potential

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Mineral Resource Estimate[1] :

• 560Mt @ 0.88g/t 3E, 0.16% Ni, 0.09% Cu, 0.015% Co (~ 0.54% NiEq or ~ 1.7g/t PdEq )

• 16Moz 3E, 860kt Ni, 520kt Cu and 83kt Co contained

• Equivalent to ~ 3.0Mt NiEq or ~ 30Moz PdEq contained

• Resource is defined to depth of ~800m, remains open at depth

• Located on Chalice-owned farmland

• Resource pit shell has deepened significantly at northern end of deposit

• Strip ratio in-pit of 1.6

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1 Refer to full Mineral Resource Statement in Appendix

The higher-grade sulphide component of the Resource starts near surface and remains the focus of studies evaluating the initial development phase

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Higher-grade sulphide component of Resource[1] :

• 120Mt @ 1.6g/t 3E, 0.20% Ni, 0.18% Cu, 0.017% Co (~ 0.9% NiEq or ~ 2.7g/t PdEq );

• 5.8Moz 3E, 230kt Ni, 210kt Cu, 20kt Co (~ 1.0Mt NiEq or ~ 10Moz PdEq ) contained

• This higher-grade component affords the project significant optionality in development

• Evidence of continuation of high-grade sulphide zones ~600m beyond limit of updated Resource

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1 Refer to full Mineral Resource Statement in Appendix

Julimar has the second largest undeveloped nickel sulphide resource in Australia and has significant PGE-Cu-Co credits

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Australian
primary nickel
sulphide
resources in
exploration or
development [1]
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1,400 Recently
acquired by BHP
1,200
Including all six payable
metals, Julimar has a
1,000 contained nickel
equivalent of ~3,000 kt
800
600
400
200
0
West Julimar Cosmos Avebury West Jordan Black Swan Venus Jericho Fisher East Sherlock Bay
Musgrave Restart
Contained Nickel (kt)
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Source: Company filings.

1: Based on total reported JORC Resource (Measured, Indicated, and Inferred). Includes all exploration and development projects with a contained Ni resource of over 99kt. Please refer to Appendix [Australian Primary Nickel Sulphide Resources slide] for peer comparison information; [Gonneville Mineral Resource Estimate slide] and [Metal equivalent assumptions slide] for the assumptions used for the calculation of metal equivalents.

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The Resource remains open down-dip , with ongoing drilling demonstrating potential for material growth on farmland

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• The 500-600m thick host Intrusion is interpreted to extend a further ~1.6km down-dip to the west beyond the Resource

Disseminated sulphide mineralisation is consistent within the host intrusion , with localised higher-grade sulphide zones plunging to the north-west

Wide-spaced drilling continues with 2 diamond drill rigs to test for high-grade extensions

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1 Refer to full Mineral Resource Statement in Appendix

Mafic-ultramafic geology + magmatic sulphides have been intersected over a strike length of ~10km across the Julimar Complex

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• 2D seismic and drilling to date supports interpretation of the Julimar Complex having a rare chonolith-like geometry, similar to other major mineral systems like Norilsk-Talnakh (Russia) and Jinchuan (China)

• Drilling 6-10km further north of Gonneville has continued to intersect the same prospective maficultramafic geology (the Julimar Complex) and magmatic sulphide mineralisation over ~5.5km of strike length

• Wide-spaced reconnaissance drilling continues with 2 diamond drill rigs

• Planning is underway for additional exploration drilling at Hooley as well as initial drilling at the Baudin-Jansz-Torres targets on existing access tracks in Q3 2023

• Exploration targeting new high-grade Ni-Cu-PGE deposits will continue in parallel to development studies for a potential mine at Gonneville on Chaliceowned farmland

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Several large sections of the Julimar Complex remain untested and recent deeper drilling indicates a thickening of the Complex at depth

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– The current Resource occupies just ~2km of the >30km long Julimar Complex the upside to the north presents a truly unique opportunity

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WA
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State Forest Area

Flinders Target (untested)

• Large coincident Mag-AEM anomaly

• Access pending

Julimar Complex

• Interpreted >30km long maficultramafic intrusive complex

• Prospective for high-grade magmatic Ni-Cu-PGE sulphides

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Jansz
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~18km Baudin-Jansz-Torres strike length (untested)

• Large EM and Ni-Cu-PGE soil anomalies

~10km Hartog-Dampier strike length (drilling underway)

• Drilling access pending (targeting Q3 2023)

• 110 diamond holes drilled to date

• Potential for several discrete Ni-Cu-PGE deposits

Gonneville Deposit (Resource stage)

• Discovery hole (JRC001): 19m @ 9.6g/t 3E, 2.6% Ni, 1.0% Cu, 0.1% Co from 48m

• 16Moz 3E, 860kt Ni, 520kt Cu and 83kt Co* contained

• 1,000 RC/diamond holes drilled across ~1.9km x 1.4km area – open at depth

5ppb Pd in soil >700ppm Cr in soil >80ppm Ni in soil >20ppm Cu in soil State Forest boundary

*560Mt @ 0.88g/t Pd+Pt+Au (3E), 0.16% Ni, 0.09% Cu, 0.015% Co

The processing flowsheet is under development, targeting production of a CuPGE-Au concentrate and a battery-grade Ni-Co MHP

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Crushing
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Grinding
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Copper Flotation
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Nickel-Iron Flotation
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Tailings Storage Facility
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Potential Potential
grinding leaching
Neutralised solids
Pressure Oxidation
Majority of Cu, Pd,
Au recovered by
flotation only Single process
medium chemistry
Blending Cu-PGE-Au Precipitation
Neutralised solids
Ni-Co Precipitation
Other midstream
processing options also
being investigated
Concentrate MHP
Offtake to Offtake to Battery
Copper Smelters pCAM Refineries
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• 150 batch flotation and >25 locked cycle flotation tests completed to date

• The preferred sequential copper flotation and nickel concentrate enrichment process flowsheet is expected to produce:

• A copper-palladium-platinum-gold concentrate , indicatively grading 20-25% Cu and 100-150g/t 3E for offtake to an international copper smelter(s); and

• A Nickel-Cobalt Mixed Hydroxide Precipitate (using flotation and POx), assumed to be grading 40-50% Ni and 4-5% Co for offtake to an international battery precursor cathode active material (pCAM) refinery(ies).

• Further work in 1H 2023 is focussed on grind size optimisation, flotation tails leaching and assessment of midstream processing options

• Development studies underway, assessing a broad range of scale, mining and flowsheet options

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Exploration drilling along the Julimar Complex and strategic partnering on Gonneville represent significant upcoming milestones

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Chalice continues its multi-track value creation strategy at Julimar – continue initial exploration to determine the full scale of the mineral system, advance development studies and progress regulatory approvals for a potential mine at Gonneville (located on Chalice-owned farmland) and complete a strategic partnering process for the development of Gonneville…

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Julimar Significant Maiden Mineral Drilling Updated Updated Strategic Advancing Gonneville
discovery and expansion Resource commences Gonneville Gonneville partnering Scoping & Mine Proposal
birth of the of tenure Estimate at at greenfield Resource #2 Resource #3 - process Pre-Feasibility (commence
new West (~8,000km [2] ) Gonneville targets along ~2.0Mt NiEq ~ 3.0Mt NiEq or commenced Studies major
Yilgarn Ni-Cu- and >30km or ~20Moz ~30Moz PdEq (ongoing) regulatory
PGE Province exploration Julimar PdEq approvals
activities Complex processes)
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… in addition, province scale exploration is ramping up across the new West Yilgarn Ni-Cu-PGE Province

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17
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1 Refer to full Mineral Resource Statement in Appendix. Timeline is indicative and subject to exploration and study outcomes

Chalice is committed to strong environmental stewardship and has established trust based relationships with local communities and Traditional Owners

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We have adopted a Biodiversity goal for the Julimar Project – to ensure science-based no net loss of species or habitat diversity as a result of our operations

A mine at Julimar could deliver significant jobs, skills and economic diversification to the Wheatbelt region of WA

Delivering the Biodiversity Strategy A detailed implementation plan is under development targeting:

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Connectivity Establish ecological corridors

Restoration to address Regeneration Improve habitat fragmentation carbon sequestration

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Creating lasting social and economic benefits

• ~$1.2M local procurement and investment by Chalice, plus ~$1.5M spend by direct contractors in the local shires surrounding the Julimar Project in FY22

Chalice has engaged early, actively and transparently to build respectful and collaborative relationships with stakeholders

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Leading practice low-impact exploration

• Strictly governed by a Conservation Management Plan, according to industry best practice

• Track mounted rigs with a small footprint and no mechanised clearing of vegetation

• Flora, fauna and cultural heritage monitoring is conducted prior to each mobilisation to site

Science-based environmental management

• Comprehensive baseline environmental surveys across 6,000ha; covering flora, fauna, and dieback

• Baseline water studies underway; Chalice recognises water is a shared resource

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Building strong, collaborative relationships with Whadjuk
and Yued Traditional Owners
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Actively engaging to protect cultural heritage values

• Whadjuk and Yued have started a program of cultural heritage surveys and monitoring for the Julimar Project

• In 2022 over 60 Traditional Owners participated in this work

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18
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The Julimar discovery has kick-started the new West Yilgarn Ni-Cu-PGE Province, which could deliver more major critical mineral discoveries

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Narryer
Burtville
Terrane
Narryer
Terrane
Youanmi
Terrane
Kurnalpi
Terrane
Barrabarra
Kalgoorlie
Terrane
West Yilgarn Ni-
Cu-PGE Province – YILGARN
discovered 2020,
CRATON Kalgoorlie-
~0.5Mt Ni to date
Kurnalpi Ni
Province –
discovered
Gonneville Ni-Cu-
Julimar 1965, >25Mt Ni
PGE Deposit
PERTH
South West
Terrane
South West
N
Nickel Deposits
Chalice Tenure
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• Many of the ‘giant’ ortho-magmatic nickel-copper-PGE sulphide deposits (Norilsk, Jinchuan, Thompson and Voisey’s Bay, etc) are located proximal to the margin of cratons

• ~1,200km long western margin of the Yilgarn presents a similar geological setting, but is almost entirely unexplored

• Eastern Yilgarn craton hosts several world-class nickel sulphide deposits – over 25Mt of Ni discovered since 1965

• Chalice made the first major ortho-magmatic Ni-Cu-PGE discovery in the West Yilgarn, subsequently staking >8,000km[2]

• Chalice has ‘first mover’ advantage in this exciting new province – strong potential to deliver more major Ni-Cu-PGE discoveries

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• Hundreds of potential host intrusions already identified

• Rapid, low-cost exploration approach being used – EM, soil/auger sampling and shallow reconnaissance drilling

• Six new drill-ready greenfield targets defined – initial drilling planned to commence in Q4 2023

• Potential for highly variable mineralisation styles (Ni:Cu:PGE metal ratios) across the province

• The prize is significant – i.e. Julimar discovery zone massive sulphides grading c. 3.2% Ni, 1.2% Cu, 10g/t 3E

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19
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Source: S&P Global

The fate of decarbonisation rests on the explorers who must find the green metals – the big discoveries are very rare

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Post WWII boom and new Rise of China and surge in
modern exploration tools exploration expenditure (11x)
~60% drop in
exploration
expenditure and
shallow ‘easy’
finds gone (!)
Prospectors – outcropping finds
Only 7 giant
finds since
2015 Paris
Agreement
(including
Julimar)
1900 1910 1920 1930 1940 1950 1960 1970 1980 1990 2000 2010 2020
Giant Major Moderate
60
50
40
30
20
10
0
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Source: MinEx Consulting © February 2023

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20
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Note: “Moderate” >10kt Ni, >100kt Cu, >300kt Zn+Pb; “Major” >100kt Ni, >1Mt Cu, >3Mt Zn+Pb; “Giant” >1Mt Ni, >5Mt Cu, >12Mt Zn+Pb. Excludes unreported discoveries in recent years

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World class , tier-1 scale green metals project in Western Australia – unique exposure to critical metals required for decarbonisation

A team with a track record of discovery and shareholder value creation

Significant exploration upside at Julimar and in the exciting new West Yilgarn NiCu-PGE Province

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21
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Appendix

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Chalice is actively growing its organisational capability
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Board of Directors

Management

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Derek La Ferla, Chairman

• Highly regarded ASX200 chair and company director with 30+ years experience as a corporate lawyer

• Chair of Poseidon Nickel and formerly Chair of Sandfire Resources

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Richard Hacker, GM Strategy and Commercial

• Chartered Accountant with 20+ years experience in resource company financing, corporate and commercial management

• • Previously Company CFO since 2006

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Alex Dorsch, Managing Director and Chief Executive Officer

• Diverse experience in consulting, engineering and corporate advisory in the energy and resources sectors

• Previously a Specialist consultant with McKinsey & Company

Morgan Ball, Non-Exec Director

• Chartered Accountant with 25+ years experience in the resources, logistics and finance industries

• Formerly CFO of Northern Star Resources and Saracen Mineral Holdings

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Dr Kevin Frost, GM Discovery and Growth

• Co-recipient of PDAC 2023 Thayer Lindsley Award and AMEC’s 2022 Prospector of the Year Award for the Julimar discovery, and previously in 2009 for the discovery of the Spotted Quoll nickel sulphide deposit in WA (Western Areas)

Bruce Kendall, GM Exploration

• Co-recipient of AMEC’s Prospector of the Year Award in 2012 for the discovery of the world-class Tropicana gold deposit in WA (AngloGold Ashanti)

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Garret Dixon, Non-Exec Director

• 30+ years experience in resources and mining contracting sectors

• Formerly Executive VP Alcoa & President Bauxite

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Dr Soolim Carney, GM Environment and Community

• Environment, health and safety, indigenous affairs, govt relations and community specialist with 20+ years experience

• Former Regional Environment Manager for Alcoa Australia

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Stephen McIntosh, Non-Exec Director

• Highly regarded mining executive with 30+ years experience in exploration, major project studies and execution

• Formerly Group Executive and Head of Exploration & Development Projects at Rio Tinto

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Mike Nelson, GM Project Development

• 30+ years experience in operational and technical leadership roles

• • Instrumental in leading several mega-projects for mining internationals including Barrick Gold and Teck Resources

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Linda Kenyon, Non-Exec Director

• Corporate lawyer and senior executive with 30+ years experience

• Formerly Company Secretary and member of Executive Leadership Team at Wesfarmers

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Chris MacKinnon, CFO

• Qualified accountant and lawyer with 15+ years experience of professional and corporate experience in the energy and resources industry

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Jo Gaines, Non-Exec Director

• Extensive experience in intergovernmental negotiations and stakeholder engagement

• Chair of the Government Employees Superannuation Board (GESB) and a Director of Development WA

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Jamie Armes, Company Secretary

• Chartered Accountant with 20+ years experience within the accounting profession and administration of public listed companies in the mining and exploration industry

Since our 2006 IPO, we have acquired quality assets, advanced projects quickly and generated exceptional returns

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2012

2020 2022 Major PGE- $100M NI-Cu-Co-Au raised to 2016 discovery at Cameron 2018 Julimar progress Julimar Gold Project Staked Julimar Project studies in Ontario Nickelsold for Copper-PGE 2021 ~A$25M (preProject in Gold spin- 2023 tax) Western out into Upgraded Australia Falcon Gonneville Metals Ltd Resource (ASX: FAL) #3

Zara Gold Project in Eritrea sold for ~ 2006 US$114M $7.5M raised in (pre-tax) IPO on ASX to progress 2009 A$0.10ps / Chalice & Zara Gold ~ A$25M capital Higginsville Project in return to Projects Eritrea shareholders acquired for ~A$7M

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2 0 2 3
2019
Quebec
2017 2021
Gold
Acquired Tier-1
Projects
East maiden
sold to
Cadillac Gonneville
O3
Gold Project Resource
in Quebec Mining 2022
2013
and staked Upgraded
Cameron Gold
Pyramid Hill 2020 Gonneville
Project in Ontario
Gold Project ~$145M Resource
acquired for 2018
in Victoria raised to #2
~A$8M A$0.04ps /
~ progress
A$10.6M
Julimar
capital return to
shareholders 24
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2 0 0 6

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2009-2011
~A$43M
2007
raised
Chalice &
to progress
Higginsville Zara to DFS
Projects sold for
~A$12M (pre-
tax)
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The growing battery industry needs new, large scale and sustainable sources of battery-grade nickel – a unique opportunity for Julimar

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Battery-grade nickel consumers forecast to become heavily reliant on supply sources that do not meet sustainability standards , i.e. NPI

With 860kt of contained nickel defined to date, Julimar has the potential to become a globally significant source of class 1 nickel, which has a much lower carbon footprint than other sources

Julimar’s proximity to WA’s world class power grid and infrastructure make it uniquely positioned to deliver low carbon intensity metals

Class 1 nickel sources are likely to demand a premium , driven by the need to comply with emissions targets and to satisfy increasing sensitivity to sustainability standards

Estimated average carbon intensity of nickel sources (kgCO2 eq. per kg Ni)

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70
60
60
50
45
40
-77%
30
20 18
13
10
0
Class I nickel Nickel sulphate Ferronickel (FeNi) Nickel Pig Iron (NPI)
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25
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Source: Nickel Institute, Goldman Sachs Global Investment Research via ‘Nickel’s class divide’, April 2022.

Platinum and Palladium are essential in every stage of the hydrogen value chain, a critical solution to achieving net-zero carbon emissions

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Production

Transport and Storage

Utilisation

Green hydrogen produced by electrolysis of water using renewable energy (wind, solar, hydro)

Long-term storage and transport of green hydrogen likely to be achieved using liquified ammonia (NH3) as carrier

Green hydrogen ideal for use in green steel and Fuel Cell Electric Vehicles (FCEVs), likely to be the dominant technology for heavy transport such as trucks, trains and ships

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PGEs are essential catalysts in the Proton Exchange Membrane (PEM) Electrolyser

Pd is an essential catalyst in hydrogen-ammonia conversion and purification

PGEs are essential catalysts in most hydrogen fuel cell designs

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26
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Source: ‘Hydrogen for Net-Zero’ Hydrogen Council & McKinsey & Company, November 2021 ‘Provision of PGM market intelligence and long-term metal price forecasts’ SFA Oxford, March 2021

‘Australian and Global Hydrogen Demand Growth Scenario Analysis’ Deloitte & COAG Energy Council, November 2019

The rapidly growing and increasingly adopted hydrogen economy has the potential to underpin long term PGE demand

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Current primary supply of Pt and Pd is ~16Moz p.a. Pd is in prolonged deficit while Pt in surplus

Our view is that with conservative hydrogen adoption , demand for Pt and Pd from hydrogen could be as high as ~ 8Moz p.a.[(1)]

A modest hydrogen adoption scenario includes ~10% share of light vehicle market, ~40% share of heavy vehicle market, and 50-70GW of electrolyser capacity by 2040

Projections do not include PGE usage from hydrogen applications in shipping, aviation, industrial or steel manufacturing

European Union forecasts a 970x increase in PGM demand from hydrogen by 2050[(2)]

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Estimated Annual Pt and Pd Demand from Hydrogen (Moz)
Electrolysers Light FCEVs Heavy FCEVs
8
7
6
5
4
3
2
1
-
2022 2026 2030 2034 2038 2042 2046 2050
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(1) Cautionary statement: The forward-looking statements have been estimated by Chalice using assumptions that have been informed by third party research. These statements are based on an assessment of economic and operating conditions and on various assumptions regarding future events and actions that, as at the date of this presentation, are considered reasonable by Chalice. Refer to slide 28 “Long Term PGE Demand Forecast” for additional information regarding the underlying assumptions and calculation methodology, and Slide 2 for a statement regarding the risks involved in forward-looking statements of this nature. Without limiting these risks, such forward-looking statements are predictive in character, may be affected by incorrect assumptions or by known or unknown risks and uncertainties, and may differ materially in due course. Investors are therefore cautioned against attributing undue certainty to forward-looking statements, including those outlined above. (2) European Union’s Critical Raw Materials Act, Mar 2023.

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27
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Long term PGE demand forecast: supporting assumptions & calculations

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The long term PGE demand impact from the Hydrogen economy have been generated by Company analysis using assumptions and forecasts that have been informed by recent third party research. The assumptions used below relate to the year 2040. Note: There is the potential risk that these projections will not be achieved should the adoption of a hydrogen economy be less than expected or if major technological developments reduce the PGE loadings required for electrolysers and fuel cells.

Key Model Inputs (2040)

Technology	Input Unit Assumption PGE Demand Calculation
PEM electrolyser	Capacity GW 70 70 x 75% x 0.5 / 31.1(1) = ~ 0.8Moz Market share % 75 PGE loading g/kW 0.5
Light Vehicles	Light vehicle market million per annum 100 100 x 12% x 80 x 0.13 / 31.1(1) = ~4.0 Moz Light FCEV market share % 12 Light vehicle rating kW 80 PGE loading g/kW 0.13
Heavy Vehicles	Heavy vehicle market million per annum 7 7 x 40% x 250 x 0.13 / 31.1(1) = ~2.9 Moz Heavy FCEV market share % 40 Heavy vehicle rating kW 250 PGE loading g/kW 0.13

• Source: ‘Provision of PGM market intelligence and long-term metal price forecasts’, SFA Oxford, April 2020 & 2021 ‘Strategy Update’, AngloAmerican Platinum, 22 February 2021

• ‘Australian and Global Hydrogen Demand Growth Scenario Analysis’, Deloitte & COAG Energy Council, November 2019 ‘Fuelling the Future of Mobility’ Deloitte & Ballard, 2020

• ‘Committed to producing green metals’, Green Metals & Hydrogen Conference, Sibanye Stillwater, 26 Nov 2021

• (1) Calculations use a grams to ounce conversion ratio of 31.1.

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28
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Flat grade-tonnage curve highlights the significant higher-grade component – providing the project with development optionality

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800 1.7 1.8
1.6
1.6
700 677 1.5 1.6
1.5
646
1.4
592 1.3 1.4
600 1.3
1.2
500 1.1 1.2
500
1.0
0.9
1.0
0.9
381
400
0.8
0.7 0.8
0.6
300 0.6
0.5 0.6
0.5
0.5 0.5 270
189
200
0.4
136
102
100 79
62 0.2
49
40 33 28 24 21 18 16 14 12
0 0.0
0.20 0.25 0.30 0.35 0.40 0.45 0.50 0.55 0.60 0.65 0.70 0.75 0.80 0.85 0.90 0.95 1.00 1.05 1.10 1.15 1.20
Cut-Off Grade (% NiEq)
Mass (Mt) Grade (% NiEq) 29
Mass above cut-off (Mt) Average grade (% NiEq)
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Gonneville Mineral Resource Estimate (JORC Code 2012), 28 March 2023

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Domain Cut-off Grade	Category	Mass	Grade	Grade	Contained Metal	Contained Metal
		(Mt)	Pd (g/t) Pt (g/t) Au (g/t) Ni (%) Cu (%) Co (%)	NiEq (%) PdEq (g/t)	Pd (Moz) Pt (Moz) Au (Moz) Ni (kt) Cu (kt) Co (kt)	NiEq (kt) PdEq (Moz)
Oxide 0.9g/t Pd	Measured	-	- - - - - -	- -	- - - - - -	- -
	Indicated	7.3	1.9 - 0.06 - - -	- 2.0	0.45 - 0.01 - - -	- 0.47
	Inferred	0.2	1.9 - 0.07 - - -	- 2.0	0.01 - 0.00 - - -	- 0.02
	Subtotal	7.5	1.9 - 0.06 - - -	- 2.0	0.47 - 0.01 - - -	- 0.49
Sulphide (Transitional) 0.35% NiEq	Measured	0.38	0.82 0.17 0.03 0.19 0.17 0.020	0.70 2.2	0.01 - - 0.72 0.63 0.07	2.7 0.03
	Indicated	14	0.66 0.15 0.03 0.16 0.10 0.018	0.54 1.7	0.30 0.07 0.01 22 14 2.5	77 0.77
	Inferred	0.27	0.60 0.16 0.03 0.15 0.12 0.015	0.54 1.7	0.01 - - 0.42 0.32 0.04	1.5 0.01
	Subtotal	15	0.66 0.15 0.03 0.16 0.10 0.018	0.55 1.7	0.31 0.07 0.01 23 15 2.6	81 0.81
Sulphide (Fresh) 0.35% NiEq	Measured	2.3	1.1 0.26 0.03 0.24 0.18 0.019	0.87 2.7	0.08 0.02 - 5.4 4.2 0.43	20 0.20
	Indicated	280	0.67 0.15 0.03 0.16 0.09 0.015	0.53 1.7	6.0 1.3 0.23 440 260 43	1500 15
	Inferred	200	0.67 0.15 0.03 0.15 0.09 0.015	0.53 1.6	4.4 0.96 0.16 310 180 29	1100 11
	Subtotal	480	0.67 0.15 0.03 0.16 0.09 0.015	0.53 1.7	10 2.3 0.39 750 440 72	2600 26
Underground 0.40% NiEq	Measured	-	- - - - - -	- -	- - - - - -	- -
	Indicated	1.7	0.75 0.21 0.06 0.14 0.08 0.013	0.55 1.7	0.04 0.01 - 2.4 1.4 0.23	9.5 0.10
	Inferred	52	0.78 0.17 0.03 0.16 0.11 0.015	0.59 1.8	1.3 0.28 0.05 83 56 7.7	310 3.1
	Subtotal	54	0.78 0.17 0.03 0.16 0.11 0.015	0.59 1.8	1.3 0.29 0.06 86 57 7.9	320 3.2
All	Measured	2.7	1.1 0.24 0.03 0.23 0.18 0.019	0.85 2.6	0.09 0.02 - 6.2 4.9 0.51	23 0.23
	Indicated	300	0.70 0.15 0.03 0.16 0.09 0.015	0.54 1.7	6.8 1.4 0.26 460 280 45	1600 16
	Inferred	250	0.70 0.15 0.03 0.15 0.09 0.015	0.54 1.7	5.7 1.2 0.22 390 230 37	1400 14
	Total	560	0.70 0.15 0.03 0.16 0.09 0.015	0.54 1.7	13 2.7 0.48 860 520 83	3000 30

Note some numerical differences may occur due to rounding to 2 significant figures. PdEq oxide (Palladium Equivalent g/t) = Pd (g/t) + 1.27x Au (g/t) NiEq sulphide (Nickel Equivalent %) = Ni (%) + 0.32x Pd(g/t) + 0.21x Pt(g/t) + 0.38x Au(g/t) + 0.83x Cu(%) + 3.00x Co(%) PdEq sulphide (Palladium Equivalent g/t) = Pd (g/t) + 0.67x Pt(g/t) + 1.17 x Au(g/t) + 3.11x Ni(%) + 2.57x Cu(%) + 9.33x Co(%) Underground resources are outside the pit above a 0.40% NiEq cut off grade based on sub-level caving mining method Includes drill holes drilled up to and including 11 December 2022.

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30
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Higher-grade sulphide component of Gonneville Resource (in pit and underground), 28 March 2023

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Domain Cut-off Grade	Category	Mass	Grade	Grade	Contained Metal	Contained Metal
		(Mt)	Pd (g/t) Pt (g/t) Au (g/t) Ni (%) Cu (%) Co (%)	NiEq (%) PdEq (g/t)	Pd (Moz) Pt (Moz) Au (Moz) Ni (kt) Cu (kt) Co (kt)	NiEq (kt) PdEq (Moz)
High-grade Sulphide (Transitional) 0.6% NiEq	Measured	0.17	1.2 0.24 0.05 0.24 0.25 0.023	0.97 3.0	0.01 - - 0.41 0.43 0.04	1.7 0.02
	Indicated	3.4	1.1 0.21 0.04 0.20 0.16 0.020	0.79 2.5	0.12 0.02 - 6.6 5.3 0.69	27 0.27
	Inferred	0.07	0.84 0.18 0.03 0.22 0.26 0.019	0.81 2.5	- - - 0.16 0.18 0.01	0.57 0.01
	Subtotal	3.6	1.1 0.21 0.04 0.20 0.16 0.021	0.80 2.5	0.12 0.02 - 7.2 5.9 0.74	29 0.29
High-grade Sulphide (Fresh) 0.6% NiEq	Measured	0.88	2.2 0.47 0.05 0.39 0.35 0.027	1.6 4.9	0.06 0.01 - 3.4 3.1 0.24	14 0.14
	Indicated	58	1.2 0.26 0.06 0.20 0.18 0.018	0.87 2.7	2.3 0.48 0.11 120 100 10	500 5.1
	Inferred	40	1.3 0.26 0.06 0.19 0.18 0.017	0.87 2.7	1.6 0.33 0.08 75 73 6.6	340 3.5
	Subtotal	98	1.2 0.26 0.06 0.20 0.18 0.017	0.88 2.7	3.9 0.82 0.19 200 180 17	860 8.7
Underground >0.6% NiEq	Measured	-	- - - - - -	- -	- - - - - -	- -
	Indicated	0.4	1.2 0.36 0.12 0.14 0.11 0.014	0.78 2.5	0.02 - - 0.61 0.46 0.06	3.3 0.03
	Inferred	13	1.4 0.27 0.06 0.20 0.20 0.017	0.93 2.9	0.58 0.12 0.03 26 26 2.2	120 1.2
	Subtotal	14	1.4 0.28 0.06 0.20 0.19 0.017	0.93 2.9	0.60 0.12 0.03 27 26 2.3	130 1.3
All	Measured	1.1	2.0 0.43 0.05 0.37 0.33 0.026	1.5 4.6	0.07 0.01 - 3.8 3.5 0.28	15 0.15
	Indicated	62	1.2 0.25 0.06 0.20 0.18 0.018	0.87 2.7	2.4 0.50 0.11 130 110 11	530 5.4
	Inferred	53	1.3 0.26 0.06 0.19 0.19 0.017	0.89 2.8	2.2 0.45 0.11 100 99 8.8	470 4.7
	Total	120	1.3 0.26 0.06 0.20 0.18 0.017	0.88 2.7	4.7 0.97 0.22 230 210 20	1000 10

Note some numerical differences may occur due to rounding to 2 significant figures. This higher-grade component is contained within the reported global Mineral Resource. PdEq oxide (Palladium Equivalent g/t) = Pd (g/t) + 1.27x Au (g/t) NiEq sulphide (Nickel Equivalent %) = Ni (%) + 0.32x Pd(g/t) + 0.21x Pt(g/t) + 0.38x Au(g/t) + 0.83x Cu(%) + 3.00x Co(%) PdEq sulphide (Palladium Equivalent g/t) = Pd (g/t) + 0.67x Pt(g/t) + 1.17 x Au(g/t) + 3.11x Ni(%) + 2.57x Cu(%) + 9.33x Co(%) Underground resources are outside the pit above a 0.40% NiEq cut off grade based on sub-level caving mining method Includes drill holes drilled up to and including 11 December 2022.

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31
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Metal equivalent assumptions of Gonneville Resource, 28 March 2023

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Based on metallurgical testwork completed to date for the sulphide domain, it is the Company’s opinion that all the quoted elements included in metal equivalent calculations (palladium, platinum, gold, nickel, copper and cobalt) have a reasonable potential of being recovered and sold.

Only limited samples have been collected from the transitional zone due to its relatively small volume. Therefore, the metallurgical recovery of all metals in this domain are unknown. However, given the relatively small proportion of the transition zone in the Mineral Resource, the impact on the metal equivalent calculation is not considered to be material.

Metal equivalents for the transitional and sulphide domains are calculated according to the formula below:

• NiEq%= Ni (%) + 0.32x Pd(g/t) + 0.21x Pt(g/t) + 0.38x Au(g/t) + 0.83x Cu(%) + 3.00x Co(%);

• PdEq(g/t) = Pd (g/t) + 0.67x Pt(g/t) + 1.17x Au(g/t) + 3.11x Ni(%) + 2.57x Cu(%) + 9.33x Co(%)

Metal recoveries used in the metal equivalent calculations are based on rounded average Resource grades for the sulphide domain (>0.35% NiEq cut-off):

• Pd – 60%, Pt – 60%, Au – 70%, Ni – 45%, Cu – 85%, Co – 45%.

Metal prices used are consistent with those used in the Whittle pit optimisation (based on long term consensus analyst estimates):

• US$1,800/oz Pd, US$1,200/oz Pt, US$1,800/oz Au, US$24,000/t Ni, US$10,500/t Cu and US$72,000/t Co.

Initial metallurgical testwork indicates that only palladium and gold are likely to be recovered in the oxide domain, therefore no NiEq grade has been quoted for the oxide. The PdEq grade for the oxide has been calculated using the formula:

PdEq oxide (g/t) = Pd (g/t) + 1.27 x Au (g/t).

• Metal recoveries based on limited metallurgical test work completed to date:

• Pd – 75%, Au – 90%.

• Metal prices used are consistent with those used in the pit optimisation:

• US$1,800/oz Pd, US$1,800/oz Au

For additional information on the assumptions used in the calculation of metal equivalents, refer to the ASX announcement titled “Gonneville Resource increases by approx. 50% to 3Mt NiEq”, dated 28 March 2023.

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Australian Primary Nickel Sulphide Resources (28 Mar 2023)

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	Total Measured (Meas.), Indicated (Ind.) and Inferred (Inf.) resources	Meas.	Ind.	Inf.
Rank Asset Company Stage Source Announcement Date	Tonnage (Mt) Nickel (kt, %) Copper (kt, %) Cobalt (kt, ppm) Gold (koz, g/t) Platinum (koz, g/t) Palladium (koz, g/t) Silver (koz, g/t)	Tonnage (Mt)	Tonnage (Mt)	Tonnage (Mt)
1 West Musgrave OZ Minerals Feasibility West Musgrave Mineral Resource and Ore Reserve Statement 23-Sep-22	390 1,200 1,300 47 752 1,003 1,129 10,659 0.30% 0.33% 120 0.06 0.08 0.09 0.85	91	240	59
2 Julimar Chalice Exploration Gonneville Resource increases by ~50% to ~3Mt NiEq 28-Mar-23	560 860 520 83 480 2,700 13,000 - 0.16% 0.09% 150 0.03 0.15 0.7 -	2.7	300	250
3 Cosmos IGO Development FY22 Cosmos and Forrestania Resources and Reserves 30-Aug-22	67 656 - - - - - - 0.98% - - - - - -	13.6	38.9	14.5
4 Avebury Restart Mallee Resources Restart Updated Investor Presentation 07-Jul-22	29 264 - 7 - - - - 0.90% - 229 - - - -	-	8.7	20.7
5 Black Swan Poseidon Restart Full Steam Ahead for Black Swan Restart 15-Dec-22	30 206 7 5 - - - - 0.69% 0.02% 178 - - - -	1.5	10.1	18.3
6 West Jordan BHP Exploration Annual Report to Shareholders 06-Sep-22	43 224 - - - - - - 0.52% - - - - - -	-	-	43
7 Venus BHP Exploration Annual Report to Shareholders 06-Sep-22	11 189 - - - - - - 1.71% - - - - - -	1.5	7.5	2.1
8 Jericho BHP Exploration Annual Report to Shareholders 06-Sep-22	31 183 - - - - - - 0.59% - - - - - -	-	-	31
9 Fisher East Kinterra Exploration Fisher East Resource Increased to 134.1kt Contained Nickel 15-Aug-22	8 134 - - - - - - 1.79% - - - - - -	-	2.8	4.7
10 Sherlock Bay Sabre Resources Exploration Sherlock Bay Ni Scoping Study Delivers Positive Cashflow 17-Jan-23	25 99 22 5 - - - - 0.40% 0.09% 220 - - - -	12.5	6.1	6.1

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Note: Values presented in the above table have been rounded and where totals do not add to their components is due to rounding.

Interactive 3D Model & Video: Take a tour of our globally significant Julimar NiCu-PGE Project in Western Australia

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https://inventum3d.com/c/chalicemining

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https://youtu.be/IfZbkexfJDk

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To view on the Chalice website or for more information visit https://chalicemining.com/projects/julimar-nickel-copper-pge-project/

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ABN 47 1 16 648 956

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www.chalicemining.com chalice-mining @ChaliceMining
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