Alexander Dorsch
MD, CEO & Executive Director
Good morning, everyone. Obviously, a major milestone today for Chalice Mining with the release of our pre-feasibility study for our world-class Gonneville project in WA. This is a major step forward for the company and for the asset. And I guess what we’ve released today confirms what we’ve known for a while here, which is that we have a standout development project and a standout opportunity in the critical minerals space and very much a very unique asset in Western Australia. It’s a big reset in terms of the development plan as well for this asset.
So the study today outlines the largest and lowest cost undeveloped project of the palladium, nickel, copper variety in the Western world. It’s going to generate $4.7 billion in pretax free cash flows over 23 years of open-pit life. And that’s an initial 23 years of open-pit life, which I’ll talk to later around the upside, and it’s going to pay back very rapidly with about 2.7 years. It’s a very, very high-quality study and a high-quality asset. It has huge exploration upside, not only within the existing resource, but also in the surrounding tenure. We hold 7,000 square kilometers of underexplored West Yilgarn tenure. And really, what makes the project unique is the leverage it has to palladium.
There is just so few development projects globally in palladium, and we’re looking at about a $250 million increase in
Read the full article here