Chalice halves mine cost but search still on for backer

Chalice halves mine cost but search still on for backer

Tim Goyder-backed Chalice Mining has released a long-awaited pre-feasibility study outlining a cheaper way forward for its Gonneville mine near Toodyay, but is yet to nail funding support from a key partner.

Chalice halves Gonneville price tag as it plots development pathway

Chalice Mining has halved the capital costs for developing its platinum group metals and palladium mine to $820 million for a project it expects will pay itself off in 2.7 years.

Australia's first primary platinum group metals mine takes shape

Drill rigs at Chalice’s Gonneville deposit in WA. Image: Chalice MiningChalice Mining’s pre-feasibility study (PFS) for its Gonneville project has confirmed it as the lowest cost platinum group metals (PGM) mine in the Western world. The project – which sits 70km outside of Perth – has a mine expectancy of 23 years, and is a two-stage open-pit operation designed to generate $4.7 billion in free cashflow pre-tax, with a payback of 2.7 years. Gonn…

Chalice Mining (ASX:CHN) has released its long-awaited Gonneville PFS! It could deliver A$4.7bn in cash flows, but challenges remain

This morning’s release of the Gonneville PFS marks the most important moment for Chalice Mining (ASX:CHN) since Gonneville was discovered across 2020-21. Gonneville, which will be Australia’s first ever primary Platinum Group Metal (PGM) mine, has an impressive resource with potential to deliver over 220,000/oz per annum of 3E metals (palladium, platinum and gold) along…