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Chalice Mining Limited (ASX:CHN)

ALERT: Price-sensitive ASX Announcement for CHN
Current share price for CHN : $1.290 -0.26 (-16.77%)+
Announcement
Release
30 Apr 2026 8:18AM
Price at Release
$1.550
Full Release
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Summary
Chalice Mining Limited's March 2026 Quarterly Activities and Cashflow Report highlights the progress and financial performance of the company. The report focuses on the Gonneville Project in Western Australia, detailing its development and exploration activities. Chalice aims to accelerate development studies and regulatory approvals for the project, which is positioned to become a significant producer of palladium, nickel, and copper. The project's pre-feasibility study was completed in December 2025, projecting substantial financial returns. Chalice is also actively engaging with potential partners for strategic offtakes and financing. The company reported a net cash outflow from operations of $4.7 million for the quarter, driven by exploration and administrative costs, partially offset by interest received. Chalice's cash and cash equivalents at the end of the quarter amounted to $55.9 million.
Key Points
  • Chalice Mining Limited focused on Gonneville Project development.
  • Pre-feasibility study completed, showing strong financial projections.
  • Engagement with potential strategic partners ongoing.
  • Net cash outflow from operations was $4.7 million for the quarter.
  • Cash and cash equivalents at quarter-end were $55.9 million.
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.