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Gonneville Project

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Summary

Mine TypeOpen Pit
Study CompletedPrefeasibility
Study in ProgressFeasibility
StagePermitting
Commodities
  • PGM
  • Palladium
  • Platinum
  • Gold
  • Nickel
  • Copper
  • Cobalt
Mining Method
  • Truck & Shovel / Loader
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SnapshotThe Gonneville Palladium-Nickel-Copper Project Pre-Feasibility Study describes a two-stage, open-pit critical minerals mine and process plant development which is predicted to become a large-scale producer of palladium, nickel and copper (co-products) with valuable byproducts from cobalt, platinum and gold.

The study focuses on the updated open-pit portion of the Gonneville Resource, excluding future underground mining or extensions beyond the current resource. The open-pit design utilizes only about 50% of the resource, with high-grade mineralization extending 900m beyond the current boundary, offering significant upside potential.

Owners

SourceSource
CompanyInterestOwnership
Chalice Mining Ltd. 100 % Indirect
Chalice Mining Limited, through its wholly owned subsidiary, CGM (WA) Pty Ltd is the 100% owner of the Gonneville Nickel-Copper-Platinum Group Element (PGE) Project.

Contractors

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Deposit type

  • Magmatic
  • Intrusion related

Summary:

The Gonneville Deposit is located within a ~1.9km x 0.9km x >0.8km section of the Julimar Complex, known as the Gonneville Intrusion - which has a north-north-east strike, maximum thickness of approximately 650m, and a 45° west-north-west dip.

The Gonneville Intrusion is composed predominantly of serpentinised olivine peridotite/harzburgite (serpentine-magnetite-amphibolechromite) with lesser intervals of pyroxenite (amphibole-chlorite), gabbro and leucogabbro (clinozoisite-amphibole) divided into a series of eight litho-geochemical domains.

The weathering profile in the area extends to approximately 30-40m below surface. A welldeveloped laterite and saprolite profile is present which contains elevated palladium grades from near-surface to a depth of approximately 25m. There is a narrow transition zone between the oxide and sulphide zones, which is generally < 15m thick.

The litho-geochemical domains broadly parallel the strike and dip of the Gonneville Intrusion and are interpreted to represent discrete magma influxes and associated fractionation units. The intrusion is crosscut by a later granite body, which broadly parallels the dip and strike orientation of the maficultramafic package.

Crosscutting the entire intrusive package is a series of sub-vertical, north-east to north-west striking, dolerite dykes. Both the granite body and dolerite dykes are un-mineralised. A package of metasedimentary rocks surrounds the Gonneville Intrusion. Although texturally the intrusive rock-types within the complex are moderately well preserved, permitting the use of igneous terminology, all rock units have been replaced by mineral assemblages characteristic of upper greenschist to lower amphibolite facies metamorphism.

The Gonneville Intrusion is bounded to the west (hanging wall) by felsic gneiss/metasediment and to the east (footwall) by a succession comprising metasediments (sulphidic pelite) and amphibolite of uncertain parentage.

Mineralisation
Primary Pd-Pt-Ni-Cu-Co-Au sulphide mineralisation occurs principally within the ultramafic domains of the Gonneville Intrusion and, to a lesser extent in gabbro subunits. Mineralisation is present as subparallel sulphide-rich zones (>20% sulphides), typically 5-40m wide, that occur within broader intervals (~100-150m wide) of weakly disseminated sulphides. The orientation of the higher-grade mineralised sulphide zones suggests an association with the litho-chronological domains within the intrusion.

There are four typical sulphide mineralisation types recognised at Gonneville:

• Massive sulphides: >75% (by volume) sulphide;
• Matrix sulphides: 40% to 75% sulphide; also referred to as net-textured, typically occurs as interconnected pyrrhotite-pentlandite-chalcopyrite mineralisation with silicate gangue;
• Stringer sulphides: 10% to 75% sulphide. Stringer sulphide mineralisation is typically observed around faults or lithological contacts;
• Disseminated sulphides: <40% sulphide. Disseminated sulphide mineralisation occurs as either heavily disseminated chalcopyrite or disseminated/blebby sulphides with 0.5cm to 1.0cm diameter sulphide blebs with variable pyrrhotite, chalcopyrite and pentlandite contents.

Although the ratio between the primary sulphide phases changes between, and within, the sulphiderich and sulphide-poor zones, sulphide mineralisation consists of a consistent assemblage of pyrrhotite-pentlandite-chalcopyrite +/- pyrite. Sulphide content and metal grade are well correlated, with higher sulphide concentration corresponding to higher metal content.

Dimensions
The main part of the mineral resource within the Ultramafic extends for a strike length of approximately 1.8km and is 600 to 800 m thick. Plan width of the sub-parallel, high grade Pd zones ranges from m to ~60m, for the high grade Cu zones from 4m to ~160m and for the high grade Ni zones from m to ~60m. Plan width of the encompassing sulphide poor zones varies from 100 to 150m. The reported Measured Mineral Resource is within approximately 130m of surface. The reported Indicated Mineral Resource is within approximately 450m below surface. The reported Inferred Mineral Resource is within approximately 900m below surface.

Reserves

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Mining Methods

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Required Heavy Mobile Equipment

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Comminution

Crushers and Mills

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Processing

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Water usage

Parameter2025
Fresh water 5 G l/year

Commodity Production

CommodityProductUnitsAvg. AnnualLOM
3E (Pt, Pd, Au) Metal in doré koz 220 *5,100 *
Nickel Metal in concentrate kt 7 *160 *
Copper Metal in concentrate kt 8 *186 *
Cobalt Metal in concentrate kt 0.7 *15 *
Palladium Metal in doré koz 197 *
Platinum Metal in doré koz 17 *
Gold Metal in doré koz 9 *
* According to 2025 study.

Operational metrics

Metrics
Annual mining rate  ....  Subscribe
Annual processing capacity  ....  Subscribe
Stripping ratio  ....  Subscribe
Waste tonnes, LOM  ....  Subscribe
Ore tonnes mined, LOM  ....  Subscribe
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* According to 2025 study.

Production Costs

CommodityUnitsAverage
Credits (by-product) 3E (Pt, Pd, Au) USD  ....  Subscribe
Site cash costs (produced) 3E (Pt, Pd, Au) USD  ....  Subscribe
Cash costs 3E (Pt, Pd, Au) USD  ....  Subscribe
All-in sustaining costs (AISC) 3E (Pt, Pd, Au) USD  ....  Subscribe
Assumed price Palladium USD  ....  Subscribe
Assumed price Platinum USD  ....  Subscribe
Assumed price Cobalt USD  ....  Subscribe
Assumed price Nickel USD  ....  Subscribe
Assumed price Copper USD  ....  Subscribe
Assumed price Gold USD  ....  Subscribe
* According to 2025 study / presentation.
** Net of By-Product.

Project Costs

MetricsUnitsLOM Total
Pre-Production capital costs $M AUD  ......  Subscribe
Expansion CapEx $M AUD  ......  Subscribe
Sustaining CapEx $M AUD  ......  Subscribe
Gross revenue (LOM) $M AUD  ......  Subscribe
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EBITDA (LOM) $M AUD  ......  Subscribe
Pre-tax Cash Flow (LOM) $M AUD  ......  Subscribe
After-tax Cash Flow (LOM) $M AUD  ......  Subscribe
Pre-tax NPV @ 8% $M AUD  ......  Subscribe
After-tax NPV @ 8% $M AUD  ......  Subscribe
Pre-tax IRR, %  ......  Subscribe
After-tax IRR, %  ......  Subscribe
After-tax payback period, years  ......  Subscribe

Personnel

Mine Management

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Dec 18, 2025
....................... Subscription required ....................... Subscription required Subscription required Aug 27, 2025
....................... Subscription required ....................... Subscription required Subscription required Dec 18, 2025

Workforce

EmployeesYear
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Aerial view:

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