Chalice Mining (ASX:CHN) is assessing the potential for high-grade nickel-copper-PGE discoveries at its wholly owned Julimar Project in Western Australia.
The $569.83 million market capitalisation company will undertake a targeted program of exploration diamond drilling at the untested Torres, Jansz, and Baudin targets. It will also undertake additional drilling at the Hooley prospect, and a ‘broad’ program of shallow aircore (AC) drilling across the entirety of the complex.
Diamond drilling will assess the potential for high-grade nickel-copper-PGE discoveries, while the AC program focuses on evaluating the full extent of prospective ultramafic-mafic geology to define additional targets for drilling.
Drilling is expected to occur over the next 6 months.
Today (6 December) Chalice reports it has received the stage 3 conservation management plan (CMP) and program of work (PoW) for exploration drilling across the more than 30km interpreted strike length of the Julimar Complex.
The company notes both the PoW and CMP set out strict environmental management and monitoring requirements that will apply to drilling activities.
Drilling is expected to be constrained entirely to existing access tracks and non-vegetated areas to avoid impacts to the environment.
Chalice Mining is a mineral explorer with a portfolio of projects considered prospective for a mix of critical green metals required for decarbonisation and urbanisation, including nickel, copper, cobalt, palladium, and platinum.
The company’s Julimar Project forms part of the greater, ‘large-scale’ exploration portfolio in the West Yilgarn Province.
As of 30 September 2023, Chalice Mining had $127.027 million cash and cash equivalents at hand, according to its latest quarterly report.
Write to Adam Drought at Mining.com.au
Images: Chalice Mining
