InvestSMART

Chalice Mining Limited (ASX:CHN)

ALERT: Price-sensitive ASX Announcement for CHN
Current share price for CHN : $1.185 -0.33 (-21.78%)+
Announcement
Release
4 Jun 2026 8:20AM
Price at Release
$1.515
Full Release
download
Summary
Chalice Mining Limited announced promising exploration results from its Deep Blue target, a copper-molybdenum-silver-rare earth element site in Western Australia. Located in the Northam JV Project area, the target features a 2.5km geochemical anomaly and exceptional rock chip results that highlight significant concentrations of rare earth elements, copper, and other minerals. Recent geophysical surveys suggest a substantial hydrothermal system, prompting plans for an imminent drilling program. Chalice has secured necessary land access and remains financially robust with significant cash reserves.
Key Points
  • Chalice Mining Limited reports significant exploration results from Deep Blue copper-molybdenum-silver-rare earth target.
  • Deep Blue is located 10km north of Goomalling, Western Australia, within the Northam JV Project.
  • Initial soil sampling revealed a 2.5km long geochemical anomaly with peak copper-in-soil value of 890ppm.
  • Rock chip sampling showed exceptional rare earth grades alongside copper, gold, and silver.
  • A ground gravity survey indicated the presence of a large-scale hydrothermal system.
  • An initial 10-hole Reverse Circulation drilling program is planned.
  • Chalice has secured land access for drilling, pending regulatory approvals.
  • The company is well-funded with approximately $63 million in cash and investments as of March 2026.
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.