Impact: Positive
Chalice reported additional infill and step-out drilling results from its 100%-owned Julimar Ni-Cu-PGE project located in Western Australia (Figure 1). We view these results positively as drilling has discovered a new ultramafic intrusive unit to the west of the Gonneville deposit. With 17M oz PdEq or 1.9Mt NiEq in I&I resources (Figure 2) at Gonneville (read more) the continued discovery of new areas will likely lead to an expansion of the resource base. The next important milestone for the project is a scoping study, which is expected in Q2/22 (Figure 3).
