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Chalice Mining Limited (ASX:CHN)

ALERT: Price-sensitive ASX Announcement for CHN
Current share price for CHN : $1.195 -1.025 (-46.17%)+
Announcement
Release
20 Oct 2025 5:16PM
Price at Release
$2.220
Full Release
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Summary
Chalice Mining Limited's September 2025 Quarterly Activities and Cashflow Report highlights the company's strong financial position with approximately $76.4 million in cash and investments and no debt. The Gonneville Project's Pre-Feasibility Study is advancing, with completion expected in November 2025, and involves a long-life open-pit mine and a simple processing plant. The project development includes significant advancements in metallurgical testing, power solutions, and environmental reviews. Chalice is also engaged in ongoing exploration activities across various projects in Western Australia, including the Barrabarra and Northam JV projects. Financially, Chalice reported net cash outflows in operating and financing activities, ending the quarter with substantial cash reserves to fund operations for an estimated 11 quarters.
Key Points
  • ~$76.4M in cash and investments, no debt at quarter-end.
  • Fully funded for Gonneville Project studies and permitting phase.
  • Palladium price recovery to >US$1,600/oz in October 2025.
  • Gonneville Project PFS progress with completion expected November 2025.
  • Project includes a long-life open-pit mine and simple concentrator-leach process.
  • Metallurgical testwork finalizes two smelter-grade concentrates.
  • Hybrid solar-battery-diesel and 132kV grid connection planned.
  • Cash and cash equivalents at quarter end $64,976,000.
  • Estimated quarters of funding available 10.98.
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.