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CHN, CHALICE GOLD MINES LIMITED
nipper
post Posted: Jul 17 2021, 11:13 AM
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a lot of early investors have done well with Chalice. Now there is a move to spin off gold assets, to concentrate on core Julimar and west Yilgarn assets.

https://www.sharecafe.com.au/2021/07/16/inv...isoned-chalice/

QUOTE
.... Chalice will talk up the quality and attractiveness of the gold assets to make sure the spinoff is a success, but in reality the market is now more interested in the emerging high quality Julimar prospect near Perth. Usually gold is top if the list for small and medium miners and explorers, followed by copper and nickel, as well as lithium. Interest in that trio has been driven by the rise in renewable demand.

In fact it is something of a heresy for a miner, especially one with the emerging profile of Chalice, to exit gold in favour of lesser (in the eyes of many investors) minerals.

Chalice CEO director Alex Dorsch said the demerger announcement followed a board review of the company's portfolio......




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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne

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nipper
post Posted: Jun 27 2021, 06:34 PM
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Chalice hunts for metal mother lode in forest near Perth

https://www.afr.com/companies/mining/chalic...20210625-p584d9

Analysts say the company has two big signposts it needs to reach: the maiden resource announcement and gaining access to the state forest.:
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If that drilling (in the state forest) is successful, then it potentially changes the story again depending on what the results look like.

I think if the scale keeps growing and particularly if they have success in the state forest, and you start talking a multi deposit outcome, then, for sure, it (Julimar) will get even more attention.
They also view Julimar as a globally relevant green metals discovery that is firmly on the radar of big miner.
QUOTE
Chalice presents as an obvious acquisition target for a global diversified miner. These miners have signalled their intent to diversify away from old-world commodities, including coal, oil and iron ore, and towards new economy green metals.
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What is known about Julimar suggests it is much bigger than the few PGE discoveries made in Australia. Purely on a metal ratio basis , rich in nickel and copper with a high proportion of palladium to platinum , it has drawn comparisons to the Norilsk province in northern Russia.
Chalice had a team of 14 employees at the start of last year but that has grown to 75, most of them geologists, with about 20 consultants also on the payroll.



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Jun 14 2021, 09:23 PM
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S&P/ASX 200 Index Effective Prior to the Open on June 21, 2021

Action ..... Code .... Company
Addition ... CHN .... Chalice Mining Limited



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Jun 9 2021, 09:26 AM
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In Reply To: nipper's post @ Jun 3 2021, 06:49 PM

New soil anomalies delineated at the Baudin, Jansz and Drummond targets, plus recent ground gravity survey points to geological continuity of the ~26km long Julimar Complex.
QUOTE
Based on the soil and gravity results at Baudin, Jansz and Drummond, initial first-pass MLEM lines are planned over the coming weeks. This program aims to define drill-ready targets and is anticipated to be completed by the end of June. Infill soil sampling will also be completed over the new targets.


Approval is being sought from the relevant Western Australian State Government departments to allow first-pass drill testing within the Julimar State Forest. This initial phase of drilling will be completed with small, track-mounted diamond drill rigs to minimise ground disturbance and eliminate the need for vegetation clearance. Drilling is expected to commence at the Hartog Target in late Q3 2021, subject to access approval.


Concurrently, seven rigs (three Reverse Circulation and four diamond) are continuing the ~160,000m stepout and resource definition drill program at the Gonneville discovery, and early-stage economic studies are continuing.





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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Jun 3 2021, 06:49 PM
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In Reply To: nipper's post @ May 24 2021, 08:54 PM

and pushing on .... > $9 a share

Julimar is the benchmark reference that all other WA explorers aspire to. PGE ./. copper ./. cobalt ./. nickel ./. copper ./. gold.
I have seen presentations hoping to reference a bit of Yilgarn Craton magic, by inferring their geology, within 250 km of Julimar, exhibits the same characteristics!!
QUOTE
Yilgarn Craton is primarily composed of approximately 2.8 billion year old (~2.8 Ga) granite gneiss metamorphic terrain (the Southwestern Province and Western Gneiss Belt), and three granite greenstone terrains (the North-East Goldfields, the Southern Cross and the greenschist metamorphic Murchison Provinces). Some greenstone belts and granites are as old as 3.1-2.9 Ga, and some are younger, at ~2.75-2.65 Ga.




--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: May 24 2021, 08:54 PM
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In Reply To: nipper's post @ Mar 27 2021, 03:43 PM

surging ahead ... now well over $8

Julimar is the big one, 26 km long, the referenced bit of paydirt of all WA explorers. and still identifying targets. Gonnevlle, the state forest area (Hartog),and lots more targets ... Baudin, Hartz.


1. Our PGE-Ni-Cu-Co-Au discovery at Julimar in WA is emerging as a very large, strategic deposit of critical, ‘green metals’

2. The portfolio has significant exploration upside from the untested ~24km of the Julimar Complex and within the new West Yilgarn Ni-Cu-PGE Province

3. A major greenfield discovery being advanced rapidly, ~A$133M1 in cash and investments





--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 


nipper
post Posted: Mar 27 2021, 03:43 PM
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In Reply To: nipper's post @ Jan 27 2021, 05:28 PM

fresh highs .... jut under $5.00
participants in recent cap raise, even with dial backs on SPP applications, at $3.75 would be feeling vindicated






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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Jan 27 2021, 05:28 PM
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The Julimar platinum group elements (PGE) nickel copper cobalt discovery in WA is looking even bigger with drilling defining four new shallow, highgrade zones and extending existing zones.

Julimar has been a gamechanger for Chalice since March 2020 when its very first hole returned a 19m intersection grading 8.4 grams per tonne (g/t) palladium, 2.6 per cent nickel and 1 per cent copper.

Continued drilling has now discovered four new zones , G8 to G11 , that could enhance future project economics. Both G8 and G9 have strike lengths of more than 350m along with a dip extent of up to 250m while being wide open. G10 has a strike length of more than 400m with a 300m dip extent and is open north along strike and downdip while G11 has a strike of more than 1,000m and a dip extent of up to 300m that is also open north along strike and downdip.

Notable results include 11m at 13g/t palladium and 1.3g/t platinum along with 17m at 4.1g/t palladium and 0.5 per cent nickel at G11.

Drilling has also extended existing zones with G3 now stretching out over more than 465m of strike and up to 280m dip extent while G4 has been defined to more than 1,000m strike and up to 430m dip extent. Both zones remain open along north along strike and downdip.

Meanwhile, the G1 and G2 zones that merge at depth now have a strike length of more than 690m and a dip extent of up to 490m.

Assay results are pending for a further 45 completed drill holes.

Chalice managing director Alex Dorsch says that initial activities in the Julimar State Forest have begun that will determine the potential for Julimar to be a multi-deposit, world-class mineral province if previously identified airborne electromagnetic anomalies develop into additional discoveries beyond Gonneville



--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Apr 15 2020, 11:32 AM
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Significant nickel-palladium discovery confirmed at Julimar ​

New wide high-grade palladium-nickel-copper zone intersected ~60m east of the discovery hole, plus wide palladium intervals in all six drill holes assayed to date.

This discovery is 70km NE of Perth; there's also exploration in Vic and in Quebec. Spread a bit thin for my liking (but up nearly double this morning; was 20c in late Feb but is now $1.00)



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
flower
post Posted: Mar 16 2011, 10:21 AM
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CHN chart looks encouraging, typical of many gold producers today. Targets in yellow.


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Combining Fundamental comments with Fundamental charts.
 
 


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