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Chalice Mining Limited (ASX:CHN)

ALERT: Price-sensitive ASX Announcement for CHN
Current share price for CHN : $1.150 -1.19 (-50.85%)+
Announcement
Release
30 Jan 2026 8:18AM
Price at Release
$2.340
Full Release
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Summary
Chalice Mining Limited reported on the December 2025 Quarterly Activities and Cashflow, highlighting significant milestones achieved in the Gonneville Palladium-Nickel-Copper Project. A Pre-Feasibility Study (PFS) has been completed, confirming robust financial metrics for the 23-year open-pit phase of the project. The project is expected to generate a cumulative free cash flow of A$4.7 billion pre-tax. The company has approximately A$71.3 million in cash and listed investments with no debt, and is planning for a Final Investment Decision (FID) for the Gonneville Project in H1 CY28. Market conditions have improved with rising prices in palladium, nickel, and copper, contributing to a positive outlook for Chalice Mining. The project anticipates contributing significantly to the local economy and government revenues, while maintaining strong community and environmental commitments.
Key Points
  • Completion of Pre-Feasibility Study for Gonneville Project.
  • Cumulative free cash flow of A$4.7 billion pre-tax expected.
  • Approximately A$71.3 million in cash and no debt by quarter-end.
  • Forecast expenditure rate of A$1.5 million per month.
  • Targeted Final Investment Decision (FID) for H1 CY28.
  • Significant recovery in palladium, nickel, and copper prices.
  • Positive market sentiment following EU's automotive policy change.
  • Gonneville Project estimates generating 1,200 construction and 500 operations jobs.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.